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Gambling is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain consequence, together with the main purpose of winning either cash or merchandise. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to the; the second refers to the relative likelihood of the occurrence of this event and also the significance of this to one's actions; while the third component, the prize, also describes the financial compensation one receives after winning. In gambling, what matters most is that you wins, while what matters least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but instead a percentage of wins to losses.

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