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

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