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Betting is basically the wagering of some thing of value or money on an uncertain event with a equally uncertain consequence, together with the major intention of winning either money or merchandise. Gambling therefore needs three components in order for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for the; the second refers to the comparative likelihood of the occurrence of this event and the significance of this to one's actions; while the third element, the prize, describes the monetary reimbursement one receives after winning. In gambling, 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 rather a percentage of all wins to losses.