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Betting is basically the wagering of something of value or cash in an uncertain event with a equally uncertain result, with the major purpose of winning either cash or product. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives to the; the second describes the comparative likelihood of this occurrence of this event and the significance of the one's actions; while the next component, the prize, describes the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but instead a proportion of all wins to losses. |
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