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Betting is fundamentally the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, with the major intention of winning either money 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 refers to the comparative likelihood of this occurrence of this event and the significance of this to one's actions; while the next component, the prize, refers to the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is if one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a proportion of wins to all losses.