Gambling is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain result, together with the major 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 doubt of the outcome and also the importance one gives to the; the second refers to the comparative likelihood of this occurrence of the event and the significance of the one's actions; while the next element, the prize, describes the financial 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 all losses.
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