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The Elo rating system is significant in competitive gaming as it provides a standardized way to measure and compare the skill levels of players. It assigns a numerical rating to each player based on their performance in matches, allowing for fair and accurate matchmaking. This system is widely used in esports and other competitive gaming communities to ensure balanced and competitive gameplay.

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Q: What is the significance of the Elo rating system in determining the skill levels of players in competitive gaming?
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