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Gambling is basically the wagering of some thing of value or money on an uncertain event with a equally uncertain result, with the major intention of winning either money or product. Gambling therefore needs three elements in order 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 for this; the second describes the relative likelihood of this occurrence of this event and also the relevance of the one's activities; while the next component, the prize, refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that one wins, while what things least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a percentage of wins to losses.
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