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Gambling is fundamentally the wagering of some thing of value or money in an uncertain event with an equally uncertain consequence, together with the major purpose of winning either cash or product. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives for the; the second refers to the relative likelihood of the occurrence of the event and the significance of this to one's activities; while the next component, the prize, also describes the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.
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