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Fact checked and confirmed that, life is runned on the basis and wing's of risks, most especially when you come to gambling and anything that involves financial dealing and the results, or outcome doesn't depend on you alone but in collaboration with others, so for sure if you don't risk it, you can't get the results you want, but what is important is that, while you are risking it, try as much as possible to take only calculated risks, and and just any risks that comes your ways.

All risks are useful are worth to be take if the total sum Is positive at the end. I think its all directly linked on the balance that you have.
Best option Is always to have a budget and a strategy. Be ready for a Plan B but always have a clear plan if you're betting huge amounts/you want reach a profit...

of course not

if you are going to take risks make sure that it is a calculated one otherwise you might end up in the streets with no home, no money or no anything do not risk your whole life by doing something without absolutely thinking about it that is not brave but that is stupidity

Well, there is always some degree of risk in everything we do in life, in our daily routine there are several actions which could be taken as risky, but the keys is to k ow how we manage our risk and when we are being reasonable and when we are being reckless with our money or resources.
Since we are implicitly talking about casinos and betting in sports, risk tolerance is unique and depends on each one of the people who gambles and puts their money at stake, there are ones who cannot afford to lose one hundred dollars, while at the same time, there are people whom could call that amount "pocket change".

Taking risk in general is not worth it when there is a good chance it could permanently change your life negatively, in such scenarios we must do our best not to get caught by temptation and listen to our common sense and seek examples of people who have had important losses on casinos and betting houses because they believed that amount of risk was worth it, when it was not at all.

When you’re no longer having fun, that’s the point where taking risks just isn’t worth it anymore. You need to stop, otherwise you’ll just keep losing and end up miserable.

We can’t deny the fact that most gamblers lose in the long run. The only thing that really justifies it is the entertainment value we get out of it. So if you’re not even enjoying it anymore, there’s really no point in gambling at all.

The risk doesn't worth for me when I don't have money I can afford to lose. On the other hand, if I have spare money I can use without prejudicing my finances later, I have no problem in trying my luck through gambling, because I know I can recover that money later through another sources of income which don't involve the same risks of gambling. At same time, I can still grow my funds into a bigger amount (in case I'm lucky), while having some fun time.

All risks create uncertain outcomes. Sometimes you win, but most of the time with gambling, you lose. Now, asked if there risks in gambling can be worth it? It depends on how you initiate and manage the risk.

Otherwise, if you are gambling blindly and is just solely reliant on luck most especially when you are in sports betting, most of the time you will face a negative outcome. But if you are only betting on a small amount and just betting for entertainment, even if the risk is not worth it, still  it won’t be a big deal for you in the end.

When I am spending more than 1% of my weekly income on gambling, I always think it is not worth it. But what I always do is that if I have used more than 1% of my income to gamble, I will not gamble after that time until it averages to 1% of my weekly income after some weeks has passed. But recently I do not gamble often and not using even up to the 1%.

Risk is a must thing in life, so i expect everyone to have been in a situation where they have to take a risk. But risk have different level to which it can affect us and as a human there are people who have not build themselves to the level of managing some kind of risk or recovering from a risk taking.

We need to check ourselves, and know what category of humans we are. What risk can we tolerate and recover from irrespective of the damage it has done. If we know we cannot withstand the effect then those risk are not worth it to us.

You must have a pretty big weekly income to really enjoy that 1% you’re setting aside. For people who are only earning, say, $100 a week, that means their weekly gambling budget is just $1, which honestly doesn’t seem worth it anymore. So basically, if you’re only earning $100 per week and you stick to that kind of budgeting, you really can’t afford to gamble.

Second topic about risk in gambling.

Well for me, whenever I feel any slight difference with the fun I’m having, when it start to feel as if I’m about to start stressing myself I’d instantly know that I’ve gotten to my risk tolerance level and anything above that would put a strain on my mental health and that’s one thing I don’t want.

There’s no way you can go through life without taking risks - being alive alone is a risk on its own. You just have to understand what you can tolerate. Don’t compare someone else’s risk to yours; don’t assume that because they could withstand a certain risk, you’ll be able to do the same. If you approach life or gambling with that mindset, you’ll only end up in ruin, chasing outcomes that were never meant for you in the first place.

Risks should always be taken wisely. There are moments in life when a person needs to prove himself, take a risk, and get out of his comfort zone. However, I do not think that you should take risks in gambling if you do not have the amount in your wallet, having lost a part of which you will be in need. Sometimes we see the antics of millionaires, those who risk huge amounts, but not a single normal and thinking rich person will risk all his property. Such actions are most often inherent in fools or people who have lost their minds. It is reasonable to take risks in cases where there is no such obvious probability of losing; perhaps it is too boring, but at least it will not leave a person completely without funds.

Nice to see you here @Mindyspace  :D
In my case, this risk control is very easy
I set a bankroll beforehand and stick to it until the end, without desperate bets or thinking ahead
I do more sports betting, so I set a value for each championship I bet on and stick to it until it's over.
If I run out of money I stop, but it's never come to that
With casino betting I'm also very controlled, I like the fun and I don't have the thought of getting rich betting hehehe

Risks that are uncalculated, unplanned or unprepared for are not worth taking so long as I am concerned, every risk we take should be planned, well calculated and prepared for, this is how we tend to better our chances of coming out victorious, and on the other hand, we lower our chances of making any silly mistakes almost down to zero when we plan, prepare and calculate a risk before taking it..

This is like someone driving on a single lane where there are vehicles coming and you are going, before you overtake any vehicle on your front, you must prepare, plan, and also most importantly, calculate how far the vehicle coming in front of you is from you, and at what level of speed the vehicle is coming, this helps you know if you risk an overtake or wait behind for the coming vehicle to pass first, which such calculations, you will end up in an accident that should have easily been avoided..
Risk calculations only require a little bit of patience and that it, and like I said before, an uncalculated risk is not worth taking

The irony is that many gamblers, having lost exactly what they should not have lost and should not have lost, immediately try to win this money back in a complete panic. They continue to bet money that they should not lose and continue to "dig themselves a hole" even deeper.
And then someone does even worse: gamblers with very weak self-control begin to lend money at a high interest rate to try to get back the money that they should not have lost, and the horror of the situation is that they begin to lose this money too. It turns out to be a chain reaction due to one wrong decision.

Look at it like a 401k at your job. You can play it safe and just put money into a savings and earn small interest, or you can buy some risky stocks and try to multiply your money by 10x, 20x, or even 50x. Safe people are always going to have that money sitting there til retirement and live a comfortable life in their old age, while the risk takers may end up broke. They might end up millionaires though and live like kings. You are the 1 who has to decide if the risk is worth it. IMO, you may not live to be 75, so risk it for the bizkit.

Things in life always carry a risk but even in that gambling is one thing that has zero rewards if your risk turns out bad. Others might give you a good experience to share with someone or learn something new in the process or make some new friends but in gambling it will always turn sour.

So I tend to use that line very carefully. Of course gambling can also lead to some good memories and allow you to spend a nice time only if you have the mature mindset and accept that the money you spend that day will be spent and not won back.

Only then the risk become worth taking. Dont ever think that you will make a living off gambling - that is the casino's job.

Risks can sometimes be inevitable in life and if we must take it, it's important to minimize it as much as possible. We cannot remove risks from gambling because we're putting our money at stake so to minimize risks we need to minimize the value of money that we use to gamble. We don't have control over the games that we play but we can control how much we're willing to play the gamey with. So the risk worth taking in gambling is amount that you can afford to loose because gambling wins are by luck. The more amount that you're willing to gamble with the higher risks you're taking to win more.

The only important thing on here is:

1. Self control
2. Risks management
3. And never be greedy.....

You wont be putting up yourself into such huge problem if you are just that responsible into the actions that you are taking and not just that making up some rush decisions just because you've been that too greedy on making money. Risks taking is part at the time that you do play gambling but since this thing do pertains about on to have that fun and then entertainment then it isnt something that too important on trying out to make money with it because it is just that a bonus aside from the fun that you had been able to get. There are those conditions or times that you've been that being too optimistic thats why it becomes that making you desperate on which is very wrong.

Gamble into the amount that you can afford to lose then you wont be having any problems when it comes to this specially on losing up money since you are already wary about into the potential risks that you might be experiencing.

The essence of gambling is risky. There is no excitement without risk. However, the degree of risk should depend on the financial ability of the gambler. This is exactly what bankroll control is needed for. After all, you should only risk an amount of money that you don't mind losing. In this case, the risk is justified. The risk of losing a critically important amount of money for you is not only unjustified, it is very stupid.

It always boils down to how much you believe and how much risk you are willing to take. It has always been like this, and I think it varies depending on the person.

If you view gambling as something that could change your life, I think it would be very different to someone who values the risk management that he is doing, and the level of risk that is worth taking would be very different.

One thing is for sure: it will always get the wins, but that's not quantifiable, so it's just really down to the person again.

Thanks to the author for the topic, he asked very interesting and correct questions. Indeed, what risk can we take? This is not an idle question, because we will have to answer it all the time in our lives. Firstly, it should be mentioned that we are talking about voluntary risk, not forced or partially forced. Secondly, we must know the reward for this risk. This reward must be significant. It often happens that there is no reward for the risk or even instead of a reward for the risk there is another risk. In addition, the probability of receiving a reward must also be quite high, otherwise this risk is unjustified. And the last thing - the risk should not actually be too great.

Also not only on how much but also how long you could take to take those risk since maybe each of us have length of time playing as part of disciplining ourselves towards gambling.

If they think about there's life changing things gonna happen in gambling then maybe their chance to hit that is pretty low. But if they are so greedy and think about that this is the way to easily get rich, provably that they will end up get broke since for having those thinking for sure that they also lack of discipline because they didn't now how to separate the reality and fantasy.

Its really up to us on how we take those risk, but for me I just enjoy gambling and I think winning is just a bonus.

I think small risk can minimize our losses or can make us to increase our chances of winning. Some are okay with small risk but some can rather risk big even though they lose, rather than earning small.

In gambling, it must be fine to do it blindly because at the first place it is created for entertainment purposes and the fun just elevates if we are unprepared. To make it more fun, we can choose a more random game than in sports betting like slots for example. We won't say that we are taking a risk whether it is big or small when we treat gambling as an entertainment but the money that we put on them is only like an entrance fee or a ticket for us to play the games.

Depends on your savings, total net worth, monthly cash income and most importantly your risk appetite. For example if your total net worth is $100k and your monthly income is $2k, I’d say it wouldn’t hurt if you wager $100 every month. $200, if you are a risk taker. If you go higher, it would hurt your savings rate and that means sooner or later you’ll be eating your savings because your monthly income won’t cover your our expenses. Gotta play it smart.

First of all for me risk as if does not exit in gambling, because my gambling sessions are mostly for fun, and I have a budget that I am ready to lose. Not a secret that I wish my gambling session to last longer, but it would not a big deal to go all-in. However, talking about level of risk that I wish not to take, then anything above x2 multiplier or 2.00 odd I dont take. Because I am not in rush or have wish to win more. Double my bet is already enough for me.

Calculating the risks to be taken is essential when their potential impact is high. This is not always the case with gambling: if you feel satisfied with a few bucks a week you don't have to think anything as the impact is almost inexistent. If you don't live in really bad conditions or in a country where a few bucks are your salary, of course.

If you plan to go further, then yes, you should carry out an evaluation of the potential impact and design an action plan where setting affordable limits would be indispensable.



In my case I don't feel the urge to bet or gamble too much money: I've learnt to enjoy small bets as if they were big, and to keep the illusion of huge jackpots risking very little money even if I know that winning is utterly unlikely, but not impossible. To me, the risk would start to no longer be worth it the moment the suffering for losing exceeded the joy of trying.

Everyone spends their lives differently: some watch TikTok and Reels and get nothing useful from it except dopamine, but others read smart articles, collect facts, and look for patterns. And such a person may well qualify for an attempt that will make their life successful. I mean investing or putting money into a project or cryptocurrency. There are not many chances for success in life, and it is important not to miss them, which means it is useful for everyone to engage in self-education in order to discern this opportunity. I do not argue that for someone it can be betting.

Risk the amount that you can afford to lose, I just answered a question regarding this similar discussion. A gambler knows better about their financial capabilities more than anyone else, so it's better to risk how much they can be able to lose comfortably and the amount they can easily recover back from their source of income. For example, if you are running a business, you know how much profit you make monthly or weekly, with that, you will know how much you will spend and also if you spend a certain amount, how long will it take for you business to generate back that money. All of that must be put in consideration.

In my opinion, the value of gambling is precisely in the fact that the player gets a chance to answer these questions himself.

People, in general, know themselves very poorly. They most often have no idea what level of risk is comfortable for them. At the same time, some people do not realize that by avoiding risk, they thereby avoid success in life. Because, as a rule, success in life is directly proportional to the risk we are willing to take. Gambling allows a person to understand what level of risk is acceptable for him.

In addition, in the process of gambling, the player learns to interact with risk.

He learns to take more risks, but (at the same time) to think through the consequences of his actions better. This is why I consider gambling a useful form of human activity.

Just because gambling is all about taking risks doesn't mean that you should take risks that would put you in a precarious situation. I see gamblers that go all in and decide to use everything they have, sometimes it can even be the money that's meant for something important like school fees, rent and other important bills. It's funny that they don't think about the consequences of their actions before doing it.

Gambling is all about risk, because we are rendered with a chance of losing or winning, but to lose is more easier to see happening than winning, but base on your question, risk is risk, there is no bigger one or smaller one, because the reward that comes after taking it comes big, if you think you can't afford the risk taken, then don't start from the first place, because sometimes to go back may be difficult as some are non repentant.

In gambling, there is a very thin line between the risks doing wonders for you and the risks ruining you financially if you are taking too many of them. When we talk about casino games, we should keep in mind that strategies or stuff like that don't really work, and you can do nothing to make it worthwhile other than controlling yourself; everything else is totally dependent on your luck. What's in your hands is to decide how much you want to risk, and that's it, the thin line I mentioned above will decide on which side of the line the ball will fall.

If you ask about how much risk it is worth taking, I'd say it depends on a person's mindset. If I speak for myself, I'm not gonna lie, I'm not that big of a risk taker when it comes to gambling because I believe gambling is not there to make us rich, and those who get rich from gambling are extremely lucky and it's only one out of a few millions who gamble, and I wouldn't want to risk everything I have only to try and be that person when I know that the odds for that are extremely tiny.

It's like trying to win a million-dollar lottery with only a few tickets when hundreds of thousands of tickets are sold in total.

Good question.

I always observe this and have same question in mind after losing on gambling. Why do I still gamble despite I already have no purpose on gambling.

This happened to me when I’m gambling midnight before bed time. I’m gambling without any goal on when should I stop. I realize that it’s not already worth it to risk if I’m not having fun on what I’m doing.

This kind of scenario hits me when I’m not in the right mind such as sleepy heads.  :-\

Nice one, well put together, a life without risk taking will eventually lose out on everything, whatever is good will never come easily, risks are involved to acquire greater height.

Gambling risk is on another level, you need to know that gambling can get you naked faster, the risk is too high, make sure you you expect losses more than wining.

For gambling the risk must be minimal, because gambling is different from other every risk ways of making money, the likelihood of failing is very high, that's why you need to risk only what you can afford to lose.

For me, when I am not enjoying it anymore. We must face the fact that gambling is high risk, so what we can do is enjoy every bet that we will make. If that joy in betting is gone, especially on sports, that's not entertainment anymore, and we are missing the point on why gambling was invented in the first place.

IMO, it's to help us get more hooked on the game. We want to watch the full game because there's money that we put on the line, and it gives us more pleasure when we see that our bet is near winning. We cheer more for the team, we scream harder, and we rejoice after the game. That's gambling, and that is a worthy risk.

Op you're on point, before embarking on gambling journey, I believe  we ought to have understood the risk that exits. Currently it's easier for people to make research and learn about things from a remote location rather than expecting a physical class or lectures. Well not everything are though, most things are left for us to use our IQ to solve and understand, and that is definitely the reason why gambling approved age is 18 because,  at that age, you should have had some life experiences that should have prompted to see a little bit view of what life really is and how to manage funds, so you don't misbehave, yet we tend to find some adult in this category of people who gamble irresponsibly not minding all the life lesson they've learnt so far.

For me the risk of gambling is not as good as I can decide when gambling has a negative impact on me, meaning that gambling really does not damage my life in depth.
For example:
Destruction in my family or gambling really has a negative impact on the environment for my individual actions and overall.

Financially, I can feel it when my savings are drained or all my assets run out for gambling at the moment, family relationships are damaged, meaning I cannot be relied on for my family, friends and the environment I am in short, the risk of gambling is not as good as I will consider stopping completely from the world of gambling, but at this time the risk of gambling is still as well as myself individually.

If many gamblers value the risk, lottery games already bankrupt, but there are so many people are participating in lottery. People don't care with the risk, they focus on the outcome over the risk.

Unfortunately saving up money till retirement in order to live comfortable in old age is a trap, you will not able to enjoy the money because you no longer have a good physique and you won't know how much you have to spent if you sick.

Yep, they likely want to turn to be professional gambler, gambling is no longer fun.

Not saying it's wrong if someone have a passion in gambling, but it's full of ups and downs, riskier than business.

In gambling risk is taken in order to take a huge profit, as they say, the higher the risk the higher the profit. However it is to be thought well as anything in life, if not thought well it can become reckless and give you a huge headache. For gamblers though this is more emphasized, especially for those who have been lucky enough to hit a marvelous max win multiplier with a very robust and decent bet, they think that since luck favored them once it can do so in repetition which simply is not true and most stories of such guys we have read on journals, like people who have won the lottery after some years have gone reckless and homeless. The best advice it is always the same in such contexts, always play what you can afford to lose and immediately stop as soon as you have lost all the money.

The risk taken becomes unworthy when you bet more than you can afford. Because the risk can result in serious things, such as financial ruin, and also harm to others.
We can limit ourselves to avoid betting beyond our ability. But when you think about taking a bigger risk, there is a possibility that you will violate your own discipline.

It's important for us to know that we should not take a risk that is too much for us to bear, gambling is not by force or a must to do, we should first take measure as a precaution to how we should gamble in a moderate manner we could manage to afford, we should not gamble while leaving other important things behind unattended to, this will cause us lots of disappointment and shame as we may not be able to meet up on other things.

Risk is justified only when we make some kind of profit. It is practically impossible to count on profit in gambling, so in most cases we exceed the risks without even realizing it. If someone thinks that when they risk only what they can afford to lose, it is a justified risk, they are mistaken. In my opinion, this is an unjustified risk because it led to losses. Unfortunately, we only find out whether the risk was justified or not after the gambling session is over.

Normally, it is important for gamblers to think about the risk they are about to take, the risk that is being considered, and to decide how to approach it. Thinking ahead is always a better option that won't lead one into any difficult situations.

The reason why I think it is good to always consider a risk before taking it is that it will help one reason whether the risk is worth it. If it is not, one will not even think about pursuing it. Unfortunately, there are some people who don't consider their risks because they are overly confident in winning at gambling; they may choose to take risks blindly, and it ought not to be so.

What makes you a mature gambler is taking calculative risks not wreckless risks that's capable of damaging you... gambling has a lot of unexpected outcomes so it would be unwise to stake what you cannot afford to lose... There are times that I stake low amounts of money on casino games and win a fair amount but another thought creeps and makes me want to stake high to win more, you just have to control yourself

Seriously, this post is worth 10 merits. No, I assure you, if they told me to bet on their topic to see if I'd win 10 merits, I'd say no. That's not risk, it's common sense. But I lost, never mind, I tried.

I think your question itself, like others I've seen, leaves you in a bad light regarding what you think risk is when betting. You have no idea about the experience of betting; you have ideas based on the experience of common sense. : )

I don't place a bet without first carefully analyzing the teams that are going to play. I consider sports betting as entertainment and for me the fun is precisely when I look at a game and analyze it to predict the result. When I get it right, I feel very happy, not because I won money, but because I was able to predict the result thanks to my analysis. If someone asked me how I managed to predict the result of that game, I would have no difficulty explaining step by step how I analyzed the game and came to the conclusion of which team would win. I can't understand people who place bets without analyzing the game.

But when it comes to gambling - the higher the risk you take, the more likely you are to lose. I agree that high risk can give gamblers bigger wins - but gamblers should not risk everything just for the hope of winning which is not good.

Risk considerations in gambling must be wise without harming yourself and others. It is highly discouraged to risk all savings for a big hope of winning - as well as all monthly salaries. Gamblers should think twice or more before deciding anything - gambling can take away a lot of happiness if gamblers do not know the right way to approach it. Instead of getting pleasure - they have to bear so many problems if the risk is too big.

Correct risk assessment is a skill that is not available to everyone, even after many years I have a rough idea of ​​where and what risk I am ready to bet on. Of course, professionals who work on themselves every day know how to choose a risk, but the main thing here is that this is only one of several components of a successful player. Even those who learn to do this may ultimately fail to cope with their emotions and simply burn out. There may be other reasons, for example, the lack of a profitable strategy that would allow you to regularly make a profit over a long distance, like poker players.

When gambling, you should make decisions based on reality, not emotion. Gambling is a risky place, and the chances of losing are much higher than winning. In fact, no matter what, you have won a good amount now, enjoy it, don't be greedy. And if you lose now, stop gambling, don't be emotional. Whether you win or lose, stopping is the most important thing, according to your ability, following the limit, and then you should gamble. Gambling with more money than you can afford due to excessive greed means excessive losses.

Like I have said In few threads and I will continue to say, everyone has their own definition of risk. There are some people that takes risk without properly putting their financial status and life into consideration, while there are others that takes a calculated risk, and there are those that are in between. Some risk are sometimes worth taken, even if it doesn't go as planned, but only the risk taker can tell the effect it had on him/herself.


When there is consecutive losses, then I think one might need to make some adjustments. If adjustment isn't done, a gambler might be triggered to start chasing after losses with higher amount, with the hope of recovering everything that has been lost. So, it doesn't worth it to risk more after having consecutive losses.

Some gamblers do increase their bets when in a losing situation, of course, with the aim of returning what has been lost. Even if the situation is successful by increasing the risk, I'm afraid gamblers also can't be satisfied with a situation of not losing or winning. In such a situation, the gambler will take the risk again by playing the game again, the opportunity to get the luck that has been obtained.
Some are more comfortable playing with small risks, betting as usual until the game session is over. But there are also gamblers who make some games with higher risks. Most importantly, after the session is over, leave the game and don't force yourself to continue playing.

When taking a risk, you have to weigh the positive outcome to see if it is higher than the negative outcome before taking the risk. However, if the negative side is higher, such risk should be avoided so that you don't regret your actions. Gambling is the same, you bet only with the amount of money that you can afford to lose in order for you to limit your losses because gambling on its own is risky.

That's what I'm also used to doing, and I agree it's not always about the money but also for the joy of accurately predicting the outcome of the match. I wouldn't call myself a risk taker, but I've placed bets on football matches purely randomly; sometimes it worked okay, and other times it didn't. Taking risks is a part of our lives; it doesn't necessarily have to do with gambling. From my perspective, as one wise man said, you lose every shot you don't take; it's better to take risks and fail than to never take any.

There is nothing wrong in taking risks, but i don't think anyone should be gambling with the hope of getting rich through it or solving their financial problems through it, if you are lucky one day and it happens, then good for you, but it should not be something you go out to achieve. I always recommend that people gamble only what they can afford to lose and nothing more, you should also try not to put yourself under pressure as you gamble.

In gambling, only take risks when you are comfortable with it, without the expectation that you will gain from your action.
Gambling is a game of uncertainty; you have to accept the outcome and live with it, analyze the game give it some thought when you made up your mind go for it and hope for the best and accept whatever the outcome, the most important thing is you get out without being sorry for your action.

I will never equate the risks we take in our lives for the progression of our career or choosing a different one out of passion with taking a risky bet. Yes, they are similar, but the context of a bet differs in my opinion.

While gambling, you can take as much risk as you want, as long as losing the bet will not affect your lifestyle in any way or ruin your financial choices like monthly rent, EMI/Mortgage or other such things.

Risks are part of life, but everyone ought to take calculated risks and not damaging ones. Funds should be carefully managed in gambling and gamblers should engage with a budget.

When risks are taken excessively and without caution. It turns to a weapon against the gambler and can land him in financial struggles if care isn't taken.

When you take risk, it is risky; and when you don’t take risk, it is also risky. So you have to know how to manage yourself through your gambling activity without it not bothering you to the extent of giving you headache. Gambling can be controlled and the better you control it early and not take risks that you can’t have control over.


The risk begin not to be worth it when you begin to not see results of your efforts not coming out despite many trials. Gambling is a game of risk and when you risk so much that you can afford to take and don’t see results coming out, you’ll feel discouraged and won’t be willing to risk more. It is only at that point in gambling one might feel not encouraged anymore. It does happen but many people just overlook it and continue to gamble because they feel it is something of luck and the luck may not have found them at that time, but soon enough it will. The optimism in them makes them to continue betting even when they’re not winning and can leads to addiction if proper care is not taken.

Always take risks that are within your comfort zone, the problem with a lot of gamblers is that they want to do what others are doing, no matter how hard you may try you cannot have the same result with others because gambling is a game of luck. Don't get overly greedy by putting too much into it all with the expectations of getting something huge out of it. Stake low at all times to avoid too much losses

That's right, everyone is free to take risks as they wish, which of course will depend on how courageous they are and how confident they feel about getting lucky with the bet. It's true that when experiencing losses due to the risks taken, it should be emphasized that these losses don't negatively impact daily life. Don't let it cause many monthly bills to become overdue, because that will only add to life pressures. Don't let gambling disrupt your family, career, and so on. Simply put, don't let a comfortable life be ruined by momentary pleasure, many people can gamble casually and go about their daily lives as usual.

Not everyone would be having this and its true that this might be that a simple trait or behavior but not everyone do have it on which means that application of such control on certain things specially on gambling isnt something that you would be always be that getting to mind on with. When doing gambling then its important that you should be that making use of the amount that you can afford to lose on which its part of the risks management on which you would be needing up to do so that you wont be finding yourself on such tough condition or simply you wont be putting up yourself on unfortunate status. Is gambling that worth to take risks? No its not because this thing was designed for you to have some fun. The only time that risks would be worth is on the time that you would be dealing up with businesses on which this will be bringing out that potential profits on which it could potentially be able to changed up your life status but since we are talking about entertainment or leisure thing then its normal that you would be having that kind of spending. On the moment that we are pertaining about on how much we should be that spending then you should be that making use of the amount that you can afford to lose. You wont be facing up any problems if you are just that be responsible into the actions that you are taking and not just that carelessly spending up your money then i dont see any problems in regarding into this. There are just that those times or moments that you do become that too greedy on which it will be ending up for you to have that kind of impulsive actions on which it will be leading up into that even further loses on which later on you would be having those regrets.

The common advice we always hear is “be a responsible gambler”. Every responsible gambler has a different risk tolerance, so I don’t think about how much money they can afford to spend on gambling. The financial strength of each person will definitely determine their gambling style, but as long as they can be responsible with their gambling activities, then it’s fine by me.

I have heard of someone making an online loan to fulfill their gambling desires. The risks they take are very unreasonable, while there is no guarantee that they can pay off their loans smoothly. The average problem gambler basically has the wrong approach to gambling, of course they gamble for money and no longer think about fun.

I can't say anything wrong with what you said, my friend, but it's true, we all know that we should really be risk takers, and at the same time we know the disadvantage of our gambling.
That's why some gambling communities are right in saying that the money you want for gambling is considered gone.

In which is for me it's right, instead of thinking how to earn here, we should enjoy our gambling play, at least luck will come up to us in an unexpected moment, right?

We learn something from taking risks. Perhaps that is the benefit we get. Just look around and see that those who take more risks improve their lives, while those who are afraid and take fewer risks remain poor. This will tell us that taking risks is dangerous, but the returns are also great.
To answer the question, "How much risk is worth taking?" As long as we benefit from it, that is worthy enough. You'll somehow realize why we take risks every day. This is not just a part of our lives, but it also plays a crucial role.

Not in gambling, high risks could ruin gamblers atmost than make them better financially and health wise. In other aspect of life, when done the right way, you are right. Gamers should embrace the truth that gambling isn't worth taking much risks capable of breaking down a person emotionally when the prediction fails.

I think you are pointing to people who are trying to risk and get a positive result and people who don't risk that remain poor? It looks like a business where you need to risk and invest; if the business is successful, you will get a good profit, but if your business fails and goes bankrupt, you lose.

Any business has a risk. If you don't risk, you will never know if you can build a lifetime cash flow or become bankrupt.



What do you risk every day? It looks like you gamble every day?
I don't gamble every day, but if this is all about business, yes, we do take risks every day because we use the capital to refill it; it's just a cycle that you need to do for living.

You are absolutely right,

Actually chasing for big win or trying to recover your losses within a short period by oversized bets is the fastest way to destroy. If you are a regular bettor, why do you have to rush! why you have to recover by taking extra risk! you will get enough time to recover. You must need measured staking & consistency, which keeps you in the gambling world long term.

If you are a serious bettor, i suggest using 1 to 5% of your bankroll, a small portion of your bankroll per wager, such strategies give you a flexible risk and longevity. if you could build such a habit your emotion stay in check & few losses will not affect your whole funds.

Every risks comes with benefit, there are no risks without benefits, the benefit we get from taking any risk either come directly or indirectly, and the benefit may also be big or small, it depend on the level of risk we take, some risks are higher than others, that is, there are some risk where we stand a higher chances of losing what ever is at stake, while in some other risk, the chances we will lose what ever is at stake is very slim, and the level of a risk, sometimes tells how rewarding or unrewarding it might be.

But in general, concerning how much risk is worth talking, I agree with your response, for indeed, if the risk benefits us, then that is worthy enough, though we still have to check what the benefit is or are, because some high level risk comes with very low benefits which most of time arent worth it.

In life, it's worth it to take risk because you'll never know the result unless you try. However, when it comes to gambling, it's a different matter since it is a game of luck, a major factor to win regardless of your strategy.

Trying to gamble with a mindset of gaining from it is not a good idea. This is one of the problem of gamblers engaging themselves believing it's easy to win. Don't risk your money if you can't bear losing it because in gambling that's likely to happpen.

But the risks that been put up will be entirely be depending or basing up on a certain thing on which this is where you would be able to assess whether you do need to take up or putting up bigger risks or you would be that trying out deal into something. If we do connect out everything about gambling then its just right that you do make some minimal risks into it because once you do put up that higher stakes on gambling activity and if it turned out that luck isnt on your side then you would be totally fucked up and this is where most people do experience out on gambling field. Higher stakes means higher potential wins or returns but since we are speaking about gambling on which odds or chances is totally against gamblers then it do basically means that it do have that higher of losing and thats why limiting yourself on dealing with it will be the outmost important thing that you do consider.

Is it worth taking? For getting some fun and leisure then yes but for making it as an income or replacement into your work then its suicide. Gambling business is profitable due to gamblers mindset that they can actually be able to make money with it on which this is a very wrong mindset. Play into the amount that you can afford to lose then there would be no issues with this because you wont be finding yourself that being impulsive on doing it on which most people or gamblers done the opposite. Always make use of the amount that you do have in extra that wont be affecting your overall budget specially if you are just that earning just that right. Always set priorities and never go beyond those limits then you would be just that fine with that because you will be having that kind of discipline and control on which this is what the important thing the most.

I don't quite understand how you can approach gambling thoughtlessly? I still have to choose a specific game to start with. For example, a certain slot or something else. If I can't win anything for a long time, then there's a high probability that I'll just change it for another one and so on.

Is the risk justified? It's hard to answer this question so unequivocally. It seems to me that everything here is strictly individual. And everyone's circumstances are completely different.

That's because we don't know until we try, and trying means taking a risk. As you wrote, one should think before acting and consider how much one can afford to spend on gambling. Those things keep us safe in the long run.

And whether it's worth it or not is something everyone should know for themselves. If you love doing something, it's worth spending money on it... even if you lose, it's okay, you did something you love, and next time you will try differently and maybe have more success.

Sometimes risk is worth taking, but let it be the amount that we can afford to lose. Because this has been the major challenges most gamblers are having in gambling. using amount that they can not afford to lose hoping that they can easily get rich quick, then at the end of day they keep on regretting. Normally is quite sating that everything in life involves risks but when it comes to gambling we should always be mindful of ourselves because there is no amount of risks that would going to guarantee you winnings easily.

Risk is not worth it if it will do long term effect to your life. It's not bad taking risk if the disadvantage of it can easily be solved but if the consequences will cause your personal life or people around you to suffer then it's not worth taking that risk. Samples of it are like mortgaging some of your assets like house, land properties, or car. I've read some addicted gamblers are going to that extent and all of them went badly. It's worth to take a risk if you have plans if the outcome went the opposite you want.

In gambling, if you're taking reckless risk then it means you're gambling unresponsibly. You're wasting money not thinking what would happen after.

Great question actually, it's different for every individual. For me, the risk start to no longer be worth it if I start trying to win back my losses or after a loss streak I am trying to place stake from 10-15 matches (parlay) just to win back my losses. If I can remember it works only in less than 3 counting the times I've done this one. Though, I did this on my earlier days as a gambler and has no discipline and all.

I still do this but only when I nearly loss all my weekly budget, for instance I have $3-5 left in my wallet, that's the time I will place parlay that composed of 10-15 games.  :D

That's sure, but the temptations as it thrills can only be avoided if you must be aware of the dangers behind it when you get lost over it. The repercussions is always a lead to retirement with empty handed because your bankrolls will flop and could breach your relationship with families.
So knowing the potential threats across over getting caught up would guide you stay up effectively without getting fallen a victim to those opportunities that looks good but never be as it appears.



When you haven't been able to reach your goal after long time trial in the opportunity of lucks such as when it involves bets or stake of values and when you realizes your appetite for the event it becoming part of you and likely may be turned and addiction.

If you want the risk to be in your favor, you need to play for a small bet with a large odds. Of course, this is worth doing only if you can collect parlays that can bring you winnings. I do not see the point in risks that can quickly take a large amount of money from me, if there are such risks, then this can most likely happen, and I am not ready for this and consider this an unreasonable decision. But if I risk a small amount of money with a large odds and can win a good win, then such risks will play in my favor, this suits me and I think it is reasonable.

Risk management. Risk management that is what this post is screaming. Take risks but take sensible well calculated and well thought out risks.

Risks should be done because family and friends are doing it. Taking risks in gambling is a personal affair and decision. And the manner in which in gambling differs from one person to another. Take note of this too for new gamblers.

Risk is first and foremost responsibility towards yourself and sometimes towards others. If you are not ready to lose, it is better not to start the game at all. You need to think carefully and set boundaries you are willing to go to, and never bet more than you can afford to lose without harming yourself. There must be control and a clear plan both in the game and in life, and the absence of these is irresponsibility and a childish attitude.

Risk management is also something we need to be able to do, but we won't learn it if we don't try. The main question is whether we can draw the right conclusions from the mistakes we make and whether our deposit will be destroyed to the ground during this time. The thing is that many people want to try to learn this, but not everyone succeeds, because at one moment you can choose the wrong risk to win back past unsuccessful moments and lose everything. Over the long years of gambling, even now I am not sure that I am doing everything right, but uncertainty is what sometimes helps me not to make unnecessary moves, but at the same time I cannot fully open up and miss moments in which I could earn a lot, in general, a balance is needed here.

Risk is at different level or stage so are there consequences, there are some risk that can result to financial buoyant I mean someone will be rich for the rest of there life and there are also some risk that can result to lifetime regret, death, poverty etc. So, every or any risk ought to be carried out wisely even though nothing is guarantee but wisdom application will reduce the weight of the... The worst mistake someone will make is to take risk that they can not handle or control if it goes wrong, nothing is certain in gambling so why gambling we should be very careful and have it in mind that loss is paramount and one should not take because of how they trust a particular game selection and risk what they can not afford because it will be to the person detriment.

Simply put for me it is not about how much risk you have to take from gambling but how much money you can afford to lose because that is the main basis when we gamble so the point is when we bet $50 or less, that is the limit of our ability because anything related to gambling is a loss that must be accepted from the start, whether it is in sports betting or other games.

Like you said, gambling gives unexpected outcomes, it's  about uncertainty and chance, no body has been able to say they will not lose in gambling and never did. You might  wish for luck and yet lose because you are not in control of the outcome, that's what most people fail to realize and they also become greedy to seek a huge win by staking with a huge amount that they can not afford to lose, that's where they create more problem for themselves than they can imagine.

Emphasising that risk is only worth it when dealing up in business is totally not it because even in business there are also potential of losing one's money.so kicking against taking risk in gambling is wrong but rather one just needs to be conscious while taking risk during gambling and we shouldn't risk with what we can't afford to lose in other not to feel disappointed at the end of the day.so taking calculated risk during gambling is not wrong Moreover it has worked for some people even if not majority.All the same one shouldn't make any impulsive decisions while taking risk during gambling it should be well thought out to avoid taking unnecessary risk and also disobeying rule of gambling which state don't invest more than what you can't afford to lose so what risk we are taking must be in line with this rule.

The risk is not well thought out , because We don't assess the risks here, they do  8)

When i prepared to the game, i planned everything. Sum, i ready to lose, bet size, recalculating bet size rules, predictions connected with odds, etc. May be i was lucky and i began to win from the beginning, but i had a plan for losing.
I prepared bankroll for 3 months. If i would lost it - i planned to stop for a half a year to correct strategy and to get money for new start.

Unlike gambling, our actions in business have a much greater impact on the outcome, so I personally believe that this type of risk is more justified. In addition, in business we have many more tools to reduce risk without losing potential profits compared to gambling. If we add to this the fact that gambling has a negative mathematical expectation, then the risk in gambling compared to the risk in business is irrational, no matter how much we would like to think otherwise.

Risk will turn into headache when you over expose yourself to it. Risking moderately what you can afford to lose won't cause any headache or unnecessary adrenaline pump. You will accept it as one of such things if loss occurs.

Any gambler who thinks this way is a conscientious gambler. They won't get into bad angle with their gambling habit. This is because they will first define their risk before venturing into it. This is what every shrewd person in business does or is expected to do.

For me, risk won't worth it anymore when it gets one in an uncomfortable position of apprehension or glued to one's device for bet results. If it looks like this, the risk isn't worth taking.

Everyone has different financial capabilities, but keep in mind that even so, not everyone is able to accept the defeat they experience, therefore before starting to gamble it is a good idea to always make sure that we gamble with an amount of money that we are able to bear the loss. and just a suggestion, never gamble with an amount of money that is clearly intended, such as money that you should use to meet your needs, you use that money to gamble. because besides the possibility that you will lose the money, it can also cause very deep regret in yourself, because you cannot meet the needs that should be met if you do not start gambling. Worse still, it can also be a reason to gamble again in the hope of covering all the losses that have been experienced, this can trap you in an endless gambling cycle.

The chances of winning Small bets with large odds is very low and most times it happens once in a blue moon..if you hope to win such a bet you must be patient, although some people don't really need to try multiple times to get it, they get lucky from one or two trials...most bettors and gamblers feel that it's more strategic to go for low odds with large stakes but overtime I've learnt that this risk isn't worth taking

Almost everyone would probably say they prefer small risks with big profit potential. However, we often see and sometimes experience the opposite, and I think every gambler must have been careless and fooled by the chances of winning. In Parlay betting, for example, although surprises can occur in a match, we are often tempted because we know the chances of winning are relatively low. The measure of risk that we should take in betting is not really on how big the chances of winning will be, but how ready we are to lose the money that is bet.

Good point you need to go out from your comfort zone and take the risk if you want to improve more, like what you said those who took that risk are the one that have better success compared to those who are just content with what they've already got, I like the point that you need to see and experience  things kn order for you to assess what things should be  continued to take in terms of risk.

What in the world can you do without proper thoughts and validations -- at the, least from your own self?? How do you begin a purposeless journey? It's not even going to be a waste of resources alone, it'll be pointless. And doing shit like this, expecting to get lucky at the end of the day is wild.
That's also possible.

So, what's this risk we keep talking about?? The chances of not hitting a higher success point, even with thousands of tries. You could get caught up in a particular pattern (picking up random bets without zero effort in simulation is also a pattern) for as long as you keep repeating the same thing. The casinos aren't stupid enough to put those odds in any position that can be selected at random.
My conclusion on this would be -- more risk, less work. More work, less risk.

It is obvious that when subsequent wins do not seriously change the "satisfaction" of your win, and a possible loss destroys your profits. For example, if you win a million dollars and this is a sum that changes your life, then there is no point in risking further, since even if you win another million, it will not be much different from "where you get" with one million. But if you lose (by continuing to bet) the million you won, you will completely destroy the opportunity to change your life. Accordingly, the choice is simple: risking something very important for the sake of minor changes does not make sense. This is where the risk becomes unjustified.

In trading, taking risks is the best way to achieve success, where we will learn to overcome failure and continue to improve it. However, in gambling, taking risks can be a boomerang in itself to bring defeat closer, although sometimes it can be successful of course based on luck. Therefore, gambling will be better if you are able to decide to take a lower risk than taking a very big risk in the hope of getting a bigger win that we may not be able to achieve.

Doing anything without thinking often ends up in a bad situation.  That said, it is not worth doing anything without thinking even in helping people, we need to think how it will affect us, what more in gambling.


It is an SOP when dealing with risky activities like gambling, we must only bet what we can afford to lose, this has been reminded a million times here in the forum.


I agree, we need to keep our mind sane.  We can do this by controling all things about gambling. I don't know about the strategy since gambling result is random, probably it is worth looking at how we will manage our bankroll so that we can maximize our bankroll with minimal fund.


Risk is no longer worth it if we lose control of ourselves and become problem gamblers.

In my personal point of view I think that we have to keep this in our mind that we take risk in gambling for the entertainment not making or generating the money as a income source. And every bucks we stake here are on risk we can lose all of that or win some more money that's means it is fully depends on our luck. So it will be fully foolishness if anyone taking the risk in gambling beyond of his affordability.

Risking what is very important for a silly thing or what is considered Minor is often a very big mistake that most people make, especially gamblers, a very good example is the man who lost around $1.4 million dollar betting on a game with 1.01 odds with a potential win of just $11k, this was something we discussed on this forum and on this board some time last year or earlier.

It is one of the most important thing for gamblers to know the different levels of risk and know what level of risk is really worth taking, like I've said before in my previous comment, some risks come with really good reward while others come with low reward, knowing the risk level and whether the reward is worth the risk is very important.

In all cases, one must take risks to do well, but that risk should be in the right place and one should not always panic and take high risks. In the case of gambling, everything is risky, everything depends on luck. The better the four luck, the better he can do in this sector. However, I have not seen that many people have good luck. Many people can win big jackpots by their luck but cannot keep them because they are too excited and they continue gambling with their winnings without putting them away and they have expectations that they will win more. And then their taking this risk becomes completely irrational.

Never bet money beyond your means, because basically the risks taken in gambling are never worth it when viewed from the perspective of the chances of winning. When deciding to gamble, assume that the money you have budgeted will not come back, and if you are lucky, don't forget to withdraw your initial capital. In addition, the time spent gambling is actually much more important to pay attention to, so as not to have a bad impact and interfere with work.

Many people from the lower classes or poor people make gambling a source of income, I think that is understandable. The bad impacts that arise may no longer have much effect on their lives, because they bet in small amounts. It's just that they have difficulty stopping it, it has become part of their life cycle.

If once in a while, you take risk that's somehow aimed at just hitting it big, there's nothing wrong about it and a lot of times, it's one way of trying out how lucky you can be as a bettor, but outside of that, if it pushes you to chasing after your loses and you discover you're losing quite a huge amount of money due to the frequency of risking too much money on a bet, it then becomes a problem you should certainly look into and find a good solution that will give you a fix as soon as you can.

Once you can't make certain expenses or can't meet up your needs because of the gambling risk you've taken, it only means that it's time to call it a quite or really slow down on your gambling. Never Join the crowed in betting with an amount that you're certain is above your means just so you can be part of the hype. As long as you do you and everything you're doing is within your limit, then you certainly don't have an issue whatever.

If sports betting is involved, never bet without doing an analysis. Doing an analysis will give you a chance to win, gain experience, and develop your insight.
If it's a luck-based game, then we can rely on insight, intuition, and past analysis. Our expectation is based on luck and probability, and both require us to be conscious of what we are doing. If we are not, then we cannot accept the outcome.

The risk amount we can take should be individual because we can't use the same criteria for everybody. I might have a high risk but the next gambler mightn't but when we don't know about this and decide to take the same amount of risk, one users gets to lose money and can't accept this reality while the other user is still comfortable because he was prepared for the risk and still has more money than he can use for further bets. My risk aren't always big because I don't like to lose money but for those that can take higher risk, they have higher chances of winning which is good for them but I won't change my strategy because I'm already comfortable with the profits I get. The profits mightn't be that big but they're comfortable.

Gambling without thinking? That's the same as us approaching many financial disasters, in gambling the only thing that can save us is a rational mindset, and it has been proven that gamblers who play based on emotions always end badly.

Ideal risk taking must always be based on a good mindset because it takes a lot of consideration before making a decision, for me myself, risk taking usually becomes unstable, namely when I take the wrong time to gamble, such as when I am having personal problems while I fill that time with gambling which ultimately makes my mental and psychology already controlled and this is the reason why a gambler must know when is the right time to start and end.

Risk is the reason for reward, there is no reward without risks even in gambling same factual principles are applicable. That's is why the higher the risk you take the more likely the reward and loss as well. As gamblers there is a need to apply proper risk management so as to keep a smooth and healthy gambling lifestyle, it's quite important we understand that gamble is not a center for charity but a place of losses and wins, we're the losses tends to be more than the win, with this mindset I believe alot of person would work on their emotions not to let the circumstances determine their gambling outcome, but rather try to be in control of the session.

Any risk which leads to where the person uses more than an amount they can afford to risk, I no longer consider that to be a risk; rather, it's on the level of stupidity, knowing fully well that money wagered in gambling is more than 50% gone and winning with that money is under probability, and as such, we should proceed with caution.

Once it gets to a point where I consider myself to be spending more than I usually spend on gambling and there is no luck leading to me winning much and the money is just going without any profit, I will consider it to be wastage and will refrain from it and go back to gambling with little money, which I can't consider to be as risky.

It looks like you`re talking not about risk, but about money management. All you calculate is money you have, but it doesn`t tell what risk is ok for you. For example: i ready to risk 10% of my bankroll when i see equal teams but the odds higher than 10.

And you mean that gambling is not the right place to risk?

Well, it was right. A reason why we just spend ONLY extra money for this is to avoid compromising our finances. It was the fact that many people fail because they think that gambling is a way to multiply their money. Unfortunately, this is the way to make them poor and ruin their lives when addicted.

We can take risks with other things. But taking risks with money in gambling is not a good idea.

The right risk. Well, I doubt it is in gambling because it's mostly a high-risk type of hobby, and we cannot expect anything from it in the short run or even the long run. Might as well just enjoy the ecstasy of betting in sports while putting some money on the line.

The thing about gambling is that it doesn't really give back the way we wanted it to. It's not a charity, and we might as well accept that fact so that we won't be hurt in the process. Enjoying every bet is all we can do, and that might be the only perks that we can get out of it. It's too risky to be an investment, so it should not be one of the choices for profitable reasons.

Desist from taking a risk of you can't afford it, some risk are too much for us to take, most especially when we compare the benefits and the conditions attached, we may see them as a long term threat on us to go for what we can't afford to lose, there is no big risk or small one, risk are the same, it's either we took them or we let go of them, after we must have weighed the conditions attached.

You can't really determine the outcome of a risk so if you continue taking uncalculated risks they are not worth it even though you end up getting lucky In the end it's still a crazy thing to do because if things were to go south it would have affected you a lot. The best thing to do at all times is to stake low, taking a lot of risk can put you under duress which isn't good for yourself physical and mental health

Gambling can be funny, you over think something guess what you might have just created a thread of fear and that winning outsider you were about to pick just changed..that is why if I have to think hard about something am better walking away from such, and its something that I have seen work several times.

let's just say when it comes to risk, I always prefer to have a shot at something without going all in as this means you get a fighting chance to win what was lost..but of course not chasing losses.

Yes, if money is not involved. But if the motive of the gambling is to earn money, then it's not worth it to gamble without money. However, the beauty of gambling is the money itself, and the industry would not have been this thriving if not for the money involved.

When I have a losing streak, but continue to take emotional risks.

I don't get it. How can gambling not involve money? Gambling will always involve money, even if someone doesn't gamble specifically for gains, money is still there because you need money to gamble in the first place. I don't understand how one can take risks without involving money, and if you mean that if someone gambles without money it means they are not gambling for wins, then it means they don't take risks because you don't make large bets and try to win a lot of money if you are gambling only for fun.

The biggest instigator of huge risks is greed, and greed is only there if someone is looking to make money, a lot of it, because someone who is gambling to get entertained won't have a greedy nature, but someone who thinks gambling can make them rich, or at least make them good money, will think that if they make higher bets, they will win higher amounts, and this thing makes them take bigger risks.

I would say it's not worth it, knowing that you will either win or lose, but in most cases, you will lose because gambling isn't supposed to make you money but it is supposed to make money from you.

At times risks most be involved in our success but is that’s most of the people didn’t understand and they want to become something in future without including a risk we all know that is good to avoid risk, but there’s some stage that we need to had it with risks in other to achieve what he/she want. The only thing that is there is we come to take risks we should take the one we can afford to lose, that’s all about it.

But some will go and take the risk that’s over pass there power and later regret at the end of day this life we’re living in now everything goes with calculation, we can just go ahead with something that will make you find yourself in a terrible situation, I think that is not good idea as a gambler.

Honestly I think danger ceases being worth it the moment it starts harming your peace of mind or the well being of people around you. Like you stated there’s a difference between taking a calculated risk and just wagering on hope. I’ve seen people chase short cures especially with money and it rarely ends well but I’ve also seen folks take sensible risks and come out stronger. For me the line is drawn when the consequences start outweighing the probable reward. If I can’t manage the worst case scenario I probably shouldn’t go for it

Well, yeah gambling is a charity centre and we always hope to win. But, also gambling cannot earn you money and must be only a means of entertainment otherwise it becomes a problem very quickly. No doubt, you visit a casino to win money while having fun and sometimes winning is the only entertainment and you need to take risk to win. But, the risk you are taking must be only what you can afford to lose, so just deposit what you can lose.

I'd say one good way of minimizing losses and risks is to set a clear target right as you deposit. Once that target is achieved, don't overthink and just withdraw and leave. Then again deposit once you feel the need to gamble ;).

Sorry but I will have to disagree with you on your opinion that there are no big and small risks, risks are not clearly the same and indeed, there are big and small risks, and I understand perfectly that we as humans takes risks every day in various forms but then, risks are of different levels and come with different degrees of reward as well..

For example, you can't say that the risk that comes with investing in bitcoin is the same level of risk that comes with investing in a memecoin on pump.fun, and you can't also say that the level of risk involved with going into your own business is the same level of risk that comes with gambling, they are all not the same level of risk and so also do they come with different levels of reward as well, best thing a person can do for him or herself is to find the risk level they are most comfortable with and bet on only games with that same risk level, never going for any thing higher since they already know that losing their money could become a big problem for them.

In a matter that is completely dependent on luck, you must take risks with the amount of money you can afford to lose. Luck will not always be with you, and you will never win without losing, in gambling, the bone is a sure thing, winning will come only occasionally, but most of the time you will have to lose. So, especially in the case of gambling, you must be very aware of money management. Because the money you spend on gambling, you will only lose it, but you can never expect a big profit from it.

To be successful in life, you have to take risks. If you don't know how to take risks, you can never be successful in any field. However, the level of risk may be different in some fields, but I think you have to take risks very carefully on gambling platforms because everything can be lost at any time on gambling platforms. You have to use such money or take risks for gambling that if you lose or lose, you don't have much regret or loss.

Whether gambling is valuable depends on how one is gambling. For example, I am gambling for entertainment, gambling is a means of entertainment for me, gambling is not valuable to me because I am not using gambling to make money, but if someone is using gambling to make money and is making a profit, gambling is certainly valuable to them, so it depends on how one is using it.

For those players who want to make money from gambling, risk will be an integral part of the process, because they have to place large bets to get significant winnings, or go for high odds, but such bets will mostly be losing ones. That’s why for such players, risk is an unavoidable part of their work. The only way to avoid risks is by placing small bets, but that’s more suitable for those who see gambling simply as a form of entertainment.

There are gambling games that does not involve money like gambling with toys and be paid out with toys.  It is said that gambling is defined by wagering of something of value (this does not necessary means that it is money) to have a chance of being paid by a larger value.  So as far as I take how they define gambling, it is not always about money although money is the most common means of betting.


I agree, it is not worth risking if it means a financial ruin for me.  We engage in gambling to be entertained while having a chance to get back what we spent or if lucky get more than that.  Since we are paying for entertainment,  it is normal to spend money but overspending is a nono.

Hmm!As for me,any risks is worth taking but depending on purpose and intentions.Vulnerable risks are unsafe and regarded as bad decisions,in order for you to clarify yourself and based on what you want to achieve if any risks is worth taking then its probably worth taking.
Mind you,the right risks is one that aligns with your values, personal achievements but isn't against or destroys your foundation of survival.

Yes, but we must not forget about subjective factors. For example, you are an ordinary person (a million dollars means a lot to you) and you are offered to make a bet: the whole million on the outcome of which the probability is 65%, in case of winning you double. Mathematically it is indisputable that you must make this bet, as the game is profitable. But given that there is a 35% probability that you will lose your entire million, you must pass. If you are already a multimillionaire and one million for you +- does not mean anything special, you must make a bet.

Expecting a huge win from gambling is what actually traps many gamblers and for many time I have seen so many gamblers trying to fight that thought of them always having the winning mentality because if you are successful in identifying first the negative that is there in you gambling then you would understand that the moment you throw in your first cash everything about that money is gone and accepting this reduce the cost of losing a whole lot more.

There is a popular phrase that you may also know: "Take the risk or lose the opportunity." It means that opportunities cannot come with a pre plan, they come suddenly, and if you grab them on time, you will be one of the successful people. However, not every time is it wise to take a risk, sometimes you have to avoid risks because you can't afford to lose, nor does it always work. If you act blindly and find yourself with nothing the next day, what will you do? So my suggestion regarding risk is to take it, but with strategy and planning. You should always have a Plan B, if this doesn't work, then you can use that to Give a comeback.

The risk is no longer worth to take when it is affecting your and your family's lives.
Gambling doesn't have to be like that but we are not blind with how it impacted a lot of lives from goodness to worst.
These gamblers have set the example that gambling is bad to the public and that cannot be changed anymore.
And so with such risks, that's needed to be taken, we have to make sure that we can deal with the consequences of it, good or bad.

And it seems to me that risk is always something that is more of a losing proposition than a winning one. Because, for example, like in trading, all traders wait for the right price of bitcoin, and only then do they buy it. And this only happens when the price is very low. The same thing in betting, it is best to know some team and wait until there is a profitable bet on it from bookmakers and it is better not to bet until that moment, keeping your money. And such a moment will come and it is best to have the largest amount at that time. It will be like a sniper shot at Victory.

The truth is that, every gambler has their individual risk tolerance level, mine may differ from yours and your may differ from the next gambler, and so forth. Every risk that's within or below my risk tolerance level is definitely worth taking because either ways, you'll still be gambling within your means so even if they end up losing the bet, they wouldn't feel that much impact. Same thing goes for risks that are beyond or above an individual's risk tolerance level, no matter how sure the game is, is totally off the radar, because the impact from losing such a bet usually lasts longer than it's meant to and it always ends in serious regrets.

Risks are major factor for our human growth and at such we must keep taking risks that will propel us in whatever direction that we dim fit for us and we journey along.


In gambling also taking risk is a major factor to winning any significant amount, we can testify to this fact that most of the jackpot that we hit in our gambling history all came via risking too much.

The same time there is another popular phrase: "The luck is for hardworking". The problem of such phrases that there such words for any situation and it means nothing. Only doing something give you some result.
Risk level for everybody differs, so we can give the right answer, except "try not to lose all you have". I think that everybody knows about it but not everybody follows such advice.

In theory, a gambler should be prepared to lose money even before placing a bet. In practice, however, many gamblers only realize that they have exceeded their financial capabilities when they learn that they have lost.

Risk is directly related to potential winnings. On the one hand, a high odds ratio increases the potential winnings, but on the other hand, it reduces the probability of winning as such. In my opinion, it is necessary to find a happy medium in this regard.

I don't mostly go for this kind of a gambling strategy and as for those that have gambling for the purpose of making money, they will be left with no choice than to fall under this same condition, whereby the risk is high, the stake is low, the winning is big and the chances of winning is low, all these are factors that makes gamblers lose more often, but if we can raise the amount the money to stake more higher, then the risk would be minimal, but we may not be able to afford losing such bet.

Yes life is about taking risks and that applies to anything we do in life, but if we talk in the context of gambling taking big risks is not a guarantee of success in achieving victory, there is nothing that can be used as a benchmark to guarantee victory, in the end it still depends on your luck. But it doesn't matter if you want to bet with high risk as long as you can really be responsible for whatever the result is, but of course that is something that is quite impossible because basically everyone never likes losing money, so gamble reasonably with the amount you can afford to lose.

No, you are free to read my Posts about gambling, Taking risks may be okay with Real life casinos, Online ones are (Mostly) running on Fair play (another word to say it's pre-calculated if you're going to lose or not)

If you make a profit, stop, enjoy your profits or withdraw them, start over again, little by little, that's my two cents for E-betting, Favor Slots and Sports over originals, and just enjoy the time you gamble in.

moreover, there is no such thing as "Luck", i refuse to believe in it, it's always a game of chance.

Gamble Responsibly  ::)

Nobody wants to take risks but everyone wants to get a big win. It always works like that before taking a risk you need to think whether this risk is worth the possible reward. Because sometimes we might get a good win but the risk compared to that is so high that it simply makes no sense to take it. I tend to prefer making small bets but aiming for significantly higher odds. That way the risks work in my favor. If I win I get a nice profit right away, if I lose I will not feel bad about losing a small bet. That kind of risk suits me.

Indeed. Not because we can afford to take risks, then we can be careless with our actions. We also need to think deeply about whether this is worth it, just like in gambling.

Well, people say that gambling is not worth risking (a word from non-gamblers). However, I gambled and spent money to enjoy life. I think it was worth spending on something that we know we can benefit from.

Gambling does not happen accidentally, but it is a plan. Therefore, I assume that all gamblers are here because they believe that gambling is worth taking.

the biggest risk of all is risking wasting your life and getting to your deathbad regretting and sad about not doing things

regarding financial risks, this will vary from person to person
I know some that are all in crypto
some that put 10% in risky assets like crypto and 90% in bonds
others that are 100% bonds with a stable salary each month and they don't want to risk more to make more

learning to build a life you love and to be happy with what you have is really important

Gamblers are just too greedy unfortunately, because there is no amount of loss could hurt you if you stays on risking a percent of your income on gambling, that once percent remains one percent.

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Even if you are earning $10 every month you can still be a gambler, all you have to do is avoid other gamblers from corrupting your mind, cut your clothes according to your size and risk small money, a percentage to be precise.

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Life is all about risk and I do take risks too but with gambling it's a different story because the chances of failing is very high, and that's because it's gambling, that's not so safe to begin with, a percent of your income will just do fine.

Yep. I think how much time you spend gambling is more than anything else. Risk taking depends on how you gamble and varies for everyone. Some people play on high odds while others prefer accumulating small wins. I always try to go for high odds whether it's casino or sports because that is the only way to make money in gambling. I play on small odds only when I am trying to wager lol.

There should be more emphasis on how long your sessions last. I was almost getting addicted because I was spending way too much time on gambling and almost everywhere I would start gambling. Then I started making sure my sessions are shorter and further started to limit the number of sessions too.

Fir gambling you don't overdo yourself all because you aim at making profits or getting a win and to be frank there's no much risks to be taken in gambling knowing fully well your chances of winning are quite unpredictable. Sometimes the risks we take tend to be worth it but in most cases we need to risks on low odds cause yes gambling comes with so much aches and when you risks higher amount and end up loosing it'll be a story for another day. So to be on the safer sides risks what you can afford to lose.

It's absolutely true and most people don't take care about time spent in gambling. Hours and hours spent already have a cost for a player!
If you are seeking for profit, you must take in count also the hours that you gamble = like a minimum hourly wage.
On the contrary ;D If you are playing for fun, you can get many hours of fun for a little or no price at all ::)

Gambling is supposed to be fun and makes some money, that is if it comes but if doesn't comes, it shouldn't be a something that is going to a set a back for you that's why it's advisable to gamble what you can afford to lose, that's the next way you can gamble and not feel anything but when it becomes personal that you are gambling to make a living, it will be a frustration from your end, everything you do is going to be with pressure and fear of not losing.

If I'm going to take a risk, it's going to be risk that wouldn't hurt me financially and emotionally, gambling has way it disturb your mind whenever you lose a bet, it will twist your mind that you don't know what you are doing and then financial is losing your money but it's financial loss that brings emotions too, so gambling with little amount of money can help you deal with the emotional money, you lose and forget what you can afford completely.

Gambling has one particular thing, which is that you can always do what you want because you will be looking at the money. So the thing is, just caution yourself when it's becoming too much, and we know that gambling is risky. And when you choose your small wins, it will be much better because when you aim too high, you will waste a lot of money, so there are a lot of reasons why you just have to be careful when you are gambling. And when it comes to odd selection, it's also very strategic. You don't just jump on any odd you see and feel people need to be coached when it comes to gambling.
 

And if you don't draw yourself back, there is no way that you won't get addicted, so if you don't want to get addicted, you just have to find a way of controlling yourself because we all know that we want money, but when you decide to spend much time gambling, then you are going to find it very hard because it is very interesting, especially when you are making money, and another funny thing is that even if you are not making money, you will want to make money, so there should be a line.

You're right, but there are many factors that influence people, one of them is social media , you see that when you're on YouTube there are many influencers who show that they win, the need to have more money, there are many things that people consume unintentionally , and that's what needs to be controlled, there are many people who fall for casino scams, and there are many who lose too much money gambling, for this you have to be very mature in money management.

For casual gamblers social media is indeed the number one source to influence gambler to play but for those regular like me I think bonuses and promotion gives the motivation to keep playing.

Sadly, the number of casual player and newly registered gambler is already increasing due to the popularity of online casino especially slot games that makes them risk what they can’t afford to lose.

Casino should have limits on the amount user can expense depending on the age of the account to control addiction problem.

If it's not calculated then the risk isn't worth taking, a lot of people always say no risk no reward, that's true but this can come at a great cost when the outcome doesn't favour. What makes gambling so difficult is the fact that you can't really predict the outcomes accurately. This is why it's advisable to stake only what you can afford to lose so that just Incase things doesn't go your way it doesn't affect you much

Social media hype is very detrimental. Those content creators are just there for the money the generate on the respective platforms example the YouTube cited. Many of them come in with edited and overhyped bet tickets claiming huge wins meanwhile in reality they never won anything tangible.

Most of the casino scams people fall for are through social media engagements. In gambling losing is sure but winning is never a guarantee. Winning is under probability but losing is almost like a certainty. The amount of risk that is worth taking depends on individuals but on average I will say a risk that doesn't exceed the initial budget.   

Most gamblers continue to gamble because they have become addicted to gambling to one degree or another. Many of them are not even aware of this. For many, gambling has become a form of entertainment that requires money on a regular basis, much like smoking tobacco or drinking alcohol. If a person can control their gambling expenses, then it is not a problem for them, but there are quite a few people who spend their last money on gambling. This is a serious psychological problem that needs to be addressed.

The current young generation is one of the harmful temptations of gambling through this social media, they usually see such tempting advertisements and they cannot handle their temptation. However, here we cannot blame the advertisements in any way, because casinos will definitely do this to increase their popularity, but they never force gamblers to gamble. So here the gambler has definitely become addicted to gambling due to his weakness and has faced big losses. So first you have to handle yourself, if you can keep yourself right, everything will be fine.

it doesn't worth to gamble without thinking. As a matter of fact, To be a Gambler you must be a calculative thinker otherwise you lose all the time.

Yes the best way to completely get rid of the idea of getting caught up that you will solve your problem  with a stroke of luck, is by gambling wisely expecialy gambling what you can afford to lose because when you gamble above what you can afford to lose, it will definitely result to getting addicted to staking high and lose, chasing after loses which will become a serious problem of not being self controlled.

That's exactly how it is. You are indeed talking from experience.

The risk start becoming not worth it is when I begin to gamble above what I can afford to lose by chasing loses, or becoming aggressive for no reason and Gambling above my bankroll.

exactly, you have to think about what you are doing and analyze your decisions, learn with your mistakes and improve over time otherwise you are doomed

usually when we take a huge risk for a small reward it's not worth it
as simple as that

those who gamble only for the thrill with no plan should give up on making money too since this is the perfect recipe for giving it all to the owner of the house

Without a doubt things are like that, I am also a very frequent player, but in reality what I can't stand so much is having so much patience, patience for me is something that is quickly Exhausted and since bonuses are now so conditional and I don't like it, because there are many requirements and that is achieved with patience, perhaps bonuses and contests are for less volatile people who really Enjoy being there, I am a fan of quick results.

It is risky not to take the risks while gamblings because you can never can tell when is to win or change their life stories. As a gambler there should be a proper mathematics calculation before you can go straight taking any calculated risk while gambling.
You can decide to skip some games and bet knowing that even if you tried to you had in your mind you can still end up losing it that is why it's good use money that we can accept to lose to gamble without attaching so much value to the money.

The casino wants that type of player too and keep them glued to the to screen, taking their money out every instant while giving them small incentives in between to keep their confidence up.

For them the risk is less important but spending the money and seeing the possibility of making money is.

It is a risky lifestyle often riddled with debts, family issues and conflict. If you keep your debt under control and have a stable income you can get through it.

Whatever we do, of course, all have risks and it all depends on how we deal with it. In gambling, the risk of loss is much greater, so when we want to gamble, we are required to be able to manage the risk so as not to lose everything.
We often see some people who play without considering the risk, so usually they always feel a loss when they are in a bet because they only rely on luck and hope that luck can give them victory, so we can conclude that if we do it without managing the risk properly, it will always end in loss.

I agree casino owner loves those types of gamblers, as it helps keeping the business alive and being successful, they provide those attractive offers attracting  gamblers to keep seeking for such rewards unknowing that from such actions they are risking their money and most of the time it was them that ends up empty handed.

Though they'll realize things and sometimes regret things, but the money was already collected by the house owners and add it up to their paychecks..

You need to take risks. It is an obligatory part of life and you should not be afraid of it. Even when meeting a girl, we are afraid and take risks, the risk of being rejected. You need to somehow learn to enjoy the risk, but it is important for mom to learn to correctly assess her chances. For example, if someone is going to take a risk in gambling, he must understand that the Profit will be so big that the risk will be justified.
Any way luck is important too.

Unfortunately, people with little knowledge always fall for scams on social Networks. It's very common, In fact, this forum, as well as others, are like a shoulder to cry on. In the end , the people who come and put their love into this become or become experts and players who are very careful They even become fighters against these scams. However, social networks themselves must be used correctly and taken advantage of.

it's so common, that it isn't just casino-based, while honeypots and legal holes in the system exist where Casinos can advertise how people have won so big, that isn't the case for the 99%, it's all a ploy to get more liquidity at hand, every dollar counts to them.

 there are even "false advertising" that people fall for, especially when it comes to centralized exchanges,
"bybit" for instance made Ads about how you can just register and earn 5050$, when in reality, getting that 5050$ "Bonus" comes with thousands of terms and conditions, and the fact that you need to stake large amounts of money into this and that coin they have listed, trade on their exchange roughly for 25K+ to get that 5050$, who wins in the end? whether you have money to trade or not, it's always the centralized exchange since they're hoarding your information and selling it to 3rd parties. millions of people registered, on average it's 0.15 cents per person, let's say 10 cents for the sake of the argument, times a million souls, that's a 100,000$ right there.

It's true, when we see the game and the advertising the way they do it, it all depends on the person who lets himself be seduced by their advertising, sometimes misleading or not, the duty of every person is to investigate very well, not fall for it at first, that's what forums and reviews are for, it doesn't cost anything to investigate whether a site is good or not, you shouldn't be so trusting because it's money that's at risk, you have to be a little suspicious for things to turn out well.

I blame the politicians for allowing these things, but they are usually either making money from these scams or they are busy stealing other taxpayer money to care. If enforcement were strict there would be no fake advertising of this kind.

It seems so easy to just accept that there is no easy money in life, yet so many people are unable to do it..

No risk that is too small to be overlooked and  so we should be very careful when it comes to handling risk.
Risk cannot be avoided in our daily activities and expenses, and it has to be looked into our daily lives mainly in the aspect of gambling, in gambling to avoid risk, you have to be able to set a limit for yourself that you will gamble with, and make sure when leaving your house, you don't leave with too much money if not you might end  up spending more than your budget amount.
Setting a limit in time and cash will help you reduce lavish spending and being expose to risk, either gambling online or physical accounts and transactions to help you curtail expenses.

In life it is very important to take risk because without taking risk you are not ready to become successful, however when it comes to gambling I don't support taking any kind of risk, gambling should be done for fun and not for making money, it is only those who are gambling in other to make money are the once who can decide to take risk in gambling.
Now if you check the risk a gambler who is trying to make money from gambling takes is by using money meant for important bill settlement to gamble or selling there property and using the money to gamble, I don't support anyone to take any form of risk in gambling because it those not Worth it, if you want to make money and you want to take risk in doing so there a lot of places which you can do that not in gambling, if you are not gambling for fun then you have no business with gambling, if anyone has an intention of becoming rich through gambling and is ready to take all manner of risk to make sure he achieve it the he is digging his own grave.

It's a fact that's what the business is for, thanks to the people who stay there is how the casino survives in particular I have always said something, the risk that people take should Always think about what it means to lose, before making that decision it should be visualized with the lost resource, if you do so I think there will be more awareness because it is assumed that they have the capacity to be able to resolve any adverisity that is why our risk should be proportional to our responsibility.

Even in gambling, risk is a part of it but it should be a calculated risk so as to reduce the extent of loss that Comes with such risk. If gambling is well planned, even when you're using an amount that's huge to an extent, it can still yield some really good result for you.

People still continue to hit jackpot and some gamblers still make accurate calculation and risk an amount that's sometimes above there budget which still yields something really good for them. If you're trying to play it too safe, you will end up as an average person that's the reason why most of the people that earns really well from gambling are high risk takers. Not that they take those risk in an uncalculated manner but once it's a well thought out risk, it's certainly going to yield some good return at some point.

In casino games, losses are almost certain to come with it, but there is no guarantee of winning, rather the chances of the lost are more than the chances of win, because a casino will never give you money from their own pocket, here 99 out of 100 gamblers lose and 1 gambler wins big, this is how the business of gambling works, where in the end the casinos will never face losses. So if you are emotional and take high risks, then in that case your losses will only increase, you can never get effective results as a result of this high risk, rather you can face more disasters as a result of taking high risks, so you should not make any decisions when gambling while being overly excited, here a gambler need to think realistically.

The problem here is, how do you identify these risks as opportunities if the outcomes are not certain...when an opportunity presents itself you can tell that it's worth taking risks to get but in this case how do you call that an opportunity when you can end up losing at the end ...like you said, not everytime is wise to take a risk, there are times that you just need to think before you act so you don't regret your actions

It's a fact things are like that, but I think that kind of gamer takes that away from them in a way they believe that they are very important also because they make friends and that is the social event and maybe it is their way of letting off steam , of course it is a very comfortable vision when you have so much money and you don't know what to Spend it on , for me that is something that always happens especially in physical casinos, in online Casinos it is lived in a much more personal or particular way.

In general gambling is risky, there’s no risk free activity when involving money and in this case gambling possibility can be seen as a 50/50 chance either win or lose. I choose to stop and call it a day after my first 2 or 3 bet regardless the end result, at this point there’s nothing to prove that’s more important or worth spending another amount betting instead I prioritize my peace.

These are very good examples In fact , when I was a newbie, I only fell for scams on two sites , but due to my ignorance, I didn't know about the forum I didn't lose much, but I did lose Money , Which I know is always Necessary It's a clear example that we can't be so big believers in Internet Things.

Not with gambling. In each and every activity where money is involved, there'll be risk. The better part is how we handle the risks and prefer to take part in the risk. When we get into an investment, there'll be learning how to handle the market situations unlike the profit and loss experienced. With money in a business, the learning about the business will take place, and slowly we'll get better as we avoid the mistakes. With gambling, we learn, we improve, but we don't have the assurance of being successful through it, as luck plays a major part. In this accordance, risking in gambling can be done with your own money. When you don't have any more, don't go for borrowing and gambling.

In some way, yup there are gamblers who spend money to pass some time and they choose gambling as source of entertaiment they are okay losing some or spare, from that point of view, it's okay as they are usng spare money and not exceeding, the problem is to those who can control their emotions those who treated gambling as source of their income, most of them losses a lot as they can't let go and they keep pushing to try hard winning back what they've already spend.

Those who choose to make easy money, the risk is too high, so it is better to find money through hard work, the harder the work, the higher the reward. In this regard, this even applies to betting and gambling in casinos Everything requires analysis and concentration Even so, it is difficult to win, You have to be very lucky to win effortlessly, and if it happens, it is like 1 time in 100.

Judging from a gamblers point of view, I can vividly say that the only point whereby the risk involved in gambling can be said to no longer be worth it is simply "When a user through gambling start getting addicted to it", and simply  lacks self control & disciplined, which could be detrimental to his health as an individual. While secondly, the risk associated with gambling can also be said not be worth it is when the reward for winning a jackpot can never be quantified to the amount you may have lost during your years of gambling and loosing continuous bets.

Taking risks means that you are eager to make a change but the problem is that a lot of people get involved in  wreckless gambling because they wanted to win or make profit desperately. Instead of just taking risks it's important that you take calculated risks, this would help you minimize the rate at which you lose. Only those that are rich can gamble wrecklessly or anyhow they feel like doing it

Looking for easy and fast money have the highest level of risk this time it flight risk for them, since they will eventually lose all the money they are aiming to gain in the first place for example someone with a gambling bankroll of $100, and instead of taking out $20 to $50 to gamble low and consistently, and he becomes greedy wanting to hit the bigger amount in winning, that staked the whole $100 without looking back, such a person will possibly lose all his bankroll and blow off his balance in just one bet which is too much of a risk to take for whatever reason.

We all know that there is such a proverb that "NO Risk in life, NO gain in life", but this kind of proverb is not applicable to gambling.
Because if it is, it will be seen that by taking risks in life to gain, we have turned life upside down. But as you said, I will also say that many people use this kind of proverb in gambling and they took the risk of funds that they cannot afford to lose and later when they lose it, they have nothing to do but regret it.

I think every person should keep this in mind before taking a risk on gambling: if they lose the funds they are risking, won't it give them extra stress instead of the entertainment of gambling?

A small mistake can cause everything, that's how gambling works the level of risk needs to be consider and like you said if greed dominates chance of losing everything will follow, most of the time those experienced gamblers do understand how big is the risk that's why they alloctes certain amount of money or portion of their bankroll but those who are not capable of controlling their emotions chances of losing everything is not by far.

Risks have to be managed most effectively, and f we don't calculate the risks, we shouldn't be taking it in the first place, since risks management is an essential aspect of taking the risks at all, just as you rightly said any mistakes can take us back to an unexpected position at the end since some risks are not worth taking if we clearly calculate their level of tendency of producing negative result.

Some folks don't usually calculate their risk before taken it, they always learn from the outcome of that risk they took , because of this mindset the higher the risk the higher the return. I have been there and it doesn't usually ends well .

Most time usually end with regret , taken proper risk will give enough space to learn , due to poor risk management that's some people still go all in , in gambling they don't think about the risk that's attached to taken such Action .

Those that take risks without calculation are just gambling blindly thinking that gambling depends entirely on luck, and instead of taking gambling for what it is and not to risk a dime without adequate calculations and knowledge level that gives guaranteed winning even though there is nothing like guaranteed winning, but at least something that put you closer to winning, that is what calculated risks taking means.

In gambling, at least you will feel good if you have 3 chances. I mean, if you have $100 as a gambling budget, then use 30% of it first and the other 2 parts can be a source of budget for the next try. Gambling is a game of chance, sometimes lucky and win and sometimes lose, so when we have 3 chances to try then the chance of winning can increase.

Managing risk in gambling feels difficult and easy, it is not easy, sometimes it is not difficult. The main problem lies in each gambler and it is about how consistent they are in maintaining the gambling rules they have made, but usually gamblers are very easy to break their own rules. Even if they set a budget limit, they can still break it and try their luck greedily.

You risk losing your bankroll after 3 unsuccessful attempts.
The lower the rate, the lower the risk of losing your deposit. And it would be wise not to bet more than 10% of your bankroll, which will allow you to continue to stay in the game, even despite a prolonged series of defeats.

$100 is a large amount, so the potential for loss is greater because the chances of winning are usually slim, so don't dare to spend so much in gambling.

Yes, the lower the value, the lower the risk, but the more dissatisfied with the game for a while because it has a small value and that's what I feel myself - so I understand this very well and have to get used to small values ​​to gamble so as not to experience big losses.

Betting 10% of your bankroll on every bet is also unwise, very unwise to me because what this means is that you only have 10 bets or spins (depending on the type of gambling game you are playing) that ends in a consecutive loses to completely end up with an empty bankroll.

Betting this amount of money can maybe be profitable if in a couple of bets or spins, you win an amount that more than doubles of triples your entire bankroll, even at this, you will still have to maintain that particular amount of money you have been spending on eat bet or spin, or you still risk losing your bank easily if you continue to maintain spending 10% on spins or bet and you hit a long losing streak.

I completely agree with what you say about casinos, for me it's a fact that things are like that, personally to know that and mature it I had to go through many processes, because since we are newbies we see things from another point of view, we think that those things are not going to happen to us and that is why we make so many mistakes, always before playing we must be clear about what we are facing.

Easy money always brings danger, earning money is difficult, there is no shortcut to earn a large amount of money easily except hard work. Those who are running after easy earning are the ones who have faced big problems and even got addicted to gambling. Everyone should try to establish themselves through hard work and use their talents in their youth, instead of wasting their lives by getting addicted to any shortcuts.

You do need up to control up your emotions because at the time that you wont be able to do so then this could bring out that kind of potential on experiencing up the worst specially when it comes to financial aspect. It would be always that recommended that you should be that knowing on how to make out such control because gambling is that a game of chance on which heavily relies with luck. If you do make yourself that being impulsive and losing out that control then you are just that basically putting up yourself into such big trouble. There are those times or conditions that you do become that optimistic in towards into your gambling activity just because you've been that hoping that you can be profitable on that day on which this is that a very wrong approach to have. The level of risks would be that entirely be depending on how much is the amount that you can afford to lose and having that limitation and moderation is what you would be mainly needed when dealing up with gambling on which you should be that making use of the amount that you can afford to lose.

You wouldnt be facing any financial problems if you are just that responsible into your actions and not just that hurriedly making up yourself on making money with it because thats not how it works. Gamble for fun and entertainment and never look for something else like taking up some income or source on which most gamblers are trying out to do. If you dont know on having such control then those real life lessons will be able to teach you on on which it will be basing up into those experiences that you would be able to encounter along the way. Its important that you do know on what you are that doing so that you do have at least the idea on what are the steps that you are trying out to follow so that you wont be finding yourself having those potential problems later on specially that involves money. Just be sensible and just be that responsible into the actions that you are taking on, then you would be just that fine and never ever become that delusional when it comes into this aspect because once you would be able to have that kind of positivity then it would be bringing out that kind of desperation into your actions.

Beginners do not yet understand too much what risk is, because they do not have the proper perception. Only starting from the foundation of the experience in gambling, we can seem to rely on it to take on the risk that we are able to endure. If the player takes over more, then he will simply break under this load. I needed years to at least approximately understand in what situations and how much it should be, this risk. I think that I will continue to get it better and better.

Agree to that, even a small chances of winning as long as you deal with it using your knowledge and skills there's a chance that it will happen, you just need to work with it and keep your focus, discipline and allowing yourself to enhance your knowledge from the experience that you gain in each gambling that you made, more on taking time and expanding and exploring with every opportunity that you may have.

That's why before starting anything, you need to at least spend some time researching to know how it actually works. The main problem for beginners is that they start dreaming of doing the same thing after hearing the success stories of others, without proper knowledge.

Over time, people can develop control over themselves if they take the time to gain knowledge. Because only when someone can acquire proper knowledge can they save themselves from going the wrong way, because awareness will be created within them.

I think that this depend on the kind of bet you are talking about. I might want to reduce my number of rounds on some certain games but that's not too big on an average bet. If you are using $100 bankroll as OP stated, I think it's okay to say 10% is a safe bet which is $10 and with 5 odds, that's means you will be getting potential $50 profits which is 1:5 ratio on a 10% of your bankroll. Unless we want to consider this as subjective but it's still the same unless we are considering large amounts of money.

What if we consider huge amount of money with 10%, this might be still be subjective in the sense that betting 10% wouldn't look bad. What we should be talking about should be why someone need to be betting 10% of your bankroll. If you are really good in betting, like an average person with minimal lost, even if you bet more than 10% of your bankroll and you win most often than you lose, I don't think there is really a problem with the 10% allocation for wager or stake.

There shouldn't be risks taking without careful analysis and knowledge of the indebt effect of that risk, this is very important to all to at least make our plans not to go beyond how far their can bear in terms of the risk, and if a gambler gamble with that line of thoughts, he will definitely be above every trouble waters that can come along with the risks and ending up with some great rewards in the end.

That sounds good but I think very few people do things that way. Have you see how people invest in crypto? They read 2 words somewhere and instantly buy something. :D Knowing risk is probably not the same as understanding it, because people would not engage is extremely risky behavior that doesn't benefit them much.

At the same time, I would say that this gambler will win in the sense that he will not get addictions. And he, at least, will play without debts without getting financial difficulties with the bank or relatives.
As in any business in gambling, it is very important to immediately before the game to determine the goals and what you want to get from the game and the best solution will be to get positive emotions. Setting yourself up for the fact that even if luck is not on my side today, then tomorrow, according to the theory of probability, luck will smile on me.

As newbies it is easy to get addicted to gambling, there is no other outcome. Very few people realize that the reality of gambling is that the casinos will be making the profit in most games. Very few times some one might win big but they rarely are able to sustain it and withdraw to get out of the casino with a green sheet.

Hence risk should be minimally taken in gambling. We should be ready to lose the money that we are putting in it and only gamble for fun.
The more you try to gamble, the more addicted you become and your risk increases many fold.

I am in agreement with all that you have said, Risk, or risk level is very important in every thing that we do that involves taking risks, I choose to say "risk level" because risk comes in different levels, and it's our respective job to find out the level of risk we can comfortably take per time depending on how much money we have and whether or not it's money we can afford to lose.

Putting a risk level into proper calculation and making sure we stay at a level that does not throw us off balance financially when things fail to go as planned is one of the ways to indeed stay guided as a gambler, and we a better chance of making big money off gambling than losing big money in that process.

Most of the time, people are aware of the high risk involved in gambling. They know that there is a high probability of losing. That is why people call it gambling, due to its nature, in which people have a greater chance of being unlucky and losing compared to being lucky and winning. It happens that when people are playing and are lucky enough to win a small amount, they become very motivated and lose their fear.

They start playing without thinking about the risk of losing. All they want is to be very lucky and win a lot of money. You can test this yourself. If you play plinko, for example, and are losing, but suddenly you hit a high multiplier, after that you will be very confident that you have to play to win again.

I think gamblers are aware of the risks, that even majority knew we have higher chances of losing than winning. However, all of these thoughts may go ignored because we all thought about hitting the jackpot and that we are able to take back all the accumulated losses that we had.
Another thing that 's keep the gamblers motivated is the constant advertisement coming from the social media influencers who are faking their wins. I'm not sure if this has been the case in your place, but this is actually happening here in our area. Young, middle age, and even old people are becoming more and more engaged into online gambling because of what they see in the social media.

We all know people tend to make many decisions when it comes to gambling, but gambling without thinking is very dangerous. We all understand that, in gambling, sometimes even with your strategy, you may still find it hard to win. This is because every gambler is staking their money based on probability, and anything that involves probability is a 50/50 deal, you either lose or win.

This is why it’s encouraged, not only in gambling but in any form of risk-taking, that you should always invest only what you can afford to lose. In some cases, you will hardly win or gain profit from your first investment or risk, as no one knows the future.

It is always important to think carefully before staking your money on a gamble, because no matter the outcome, you must accept it. That is why you should only risk what you can afford to lose.

Gambling is all about risk taken,and that is why you have to gamble with what you can afford to lose without having effect on your daily expenses, since the reward of gambling is not immediately and you don't know when you will be rewarded therefore it is risky, and so you need to be very calculative to be a successful gambler to know the amount you will be spending daily, weekly or monthly, and so I don't see it as risk but fun, since we don't attach too much value to the money we use in betting.

Gamblers have the ability to checkmate their quality decisions/thinking based on their outcome,which makes them a very calculative risk taker,since they don't know if the game will be in their favour or not.

Risk taken is one of the major factor to be successful in life, those that finds it difficult to take risk and does not want to, are merely comfortable and don't achieve anything a bit good for themselves, risk takers are always aware and ready for risks at all times .

Since you said not only in gambling, then I'd like to add that there is also risk in our daily life and not all times in our life involved money. What about by simply walking on the streets? There is also a risks there of being hit by a car or something. I won't say that it is a better part on how we handle the risk but what is better is if there is no risk at all that we will handle. The thing is it it may seem impossible too.

Learning is a must but not all are willing and then some just rush. Mistakes can be hard to avoid at first but if one is dedicated, they can only get better. You said luck matters in gambling, so how can we improve on it then? But we can learn, in a way that we can now avoid it for knowing some hard facts. If we want success, we can refer onto something but we can only treat gambling for entertainment purposes.

It is important to be careful in every work, but it is even more necessary in gambling, because one wrong decision can lead to loss of all money. determination money and time for gambling is very important for every person. determination a specific amount of money and time for gambling not only prevents wasting time and resources, but also provides self-control and greatly reduces the amount of risk. no one can win while gambling all the time, so determination a limit on your money makes it possible to manage losses within your limits. gambling should be started with such money that you will not face financial problems if you lose money. since one can foresee the future, so it is very important to be aware.

Yes, luck plays an important role in gambling, but every gambler must be very careful about their knowledge. There is no possibility of profit if you only bet blindly. The gambler should also be careful about his money management and risk. By doing this, the gambler can be close to winning. Those who can observe gambling as well as they can analyze it with skill and experience and take decisions may have more chances of winning than others. It may also be the case that a skilled person has lost everything in gambling, while a person has won big by betting blindly. This does not mean that skill and experience have no value.

Quite simply, betting is for fun and should never be made with the intention to get super rich from it. If you have $100 and would be happy to make $150 or $200 from a semi-risky bet, then you must understand the bookmaker has probably been in business long enough to pick more correct odds than they lose. With that in mind, there are still plenty of times that they make mistakes or misprice the odds, that is where you should be looking to capitalize. Much like picking the right stock at the right time, a selective eye with plenty of practice may be able to distinguish an advantageous bet that is worth taking. Remember you only have to win 51% of the bets that you place at the same odds to walk away with a profit over the long term.

True talk gambling should should not be taken too far by risking huge amounts of money for the purpose of trying to get money gambling should  be  done within the circumference of entainment and enjoyment because trying to get rich through gambling is like opening a world of regrets to yourself

In every game of chance whenever we play, there is a risk or a big risk depending on the player's decision It's all a matter of decision, If the player is only going to put in a small part, he is assuming the risk according to his economy Otherwise, he wouldn't play I think that risk-taking is different for each person.

The casino are on the upper hand why we the players are on the lower hand that’s how the system is built they need to continue being in business which is while gambling is programmed to be a game of probability, betting also falls under that same category we can only try as much as we can to secure winning but we should always get our minds ready that winning is what we will experience more.

I see gambling as a form of entertainment so the only time that I see my not risk starting to be no longer worth it anymore is when I'm not getting entertained while I'm putting my bets. If I see that I myself am not enjoying to play games or put bets anymore then that isn't worth the risk therefore, I will stop betting already.

For me, gambling is a game of luck, but that doesn't mean that you shouldn't think anymore. You should consciously think about the money that you're risking, and if it's still worth it to risk those money. For me, strategy plays a little role when it comes to gambling unless you're playing a card game like Poker, but most of the games are purely based on luck.

Considering the financial and economic circumstances of each person are different, there are those who gamble with large and small bets depending on our abilities. I myself gamble by adjusting my abilities with a small amount that makes me not experience problems with my finances, but I have also taken the risk of daring to bet with a high amount which is not in accordance with my abilities, some have indeed succeeded in winning and some have lost everything too.
With the experience I have gained, it is better not to force ourselves to do things that are beyond our abilities, I agree that sometimes we have to dare to take risks but this does not mean that everything must be done like that.

If the player does not have a positive attitude and if he does not have any confidence to win, then his chances of losing in that game may be high. In gambling, the casino platform will always be at an advantageous level, but in the case of a gambler, there is no such position. A gambler has to be prepared for both winning and losing. Those gamblers who have more confidence can recover from that situation quickly even if they lose and they can make relatively good decisions in terms of betting. It is worth for a gambler to take as much risk as they are willing to lose on a bet. It is also a good idea to take a little less risk than that, but one should not take risks beyond their ability.

I think that every gambler ultimately wants to win and therefore he cannot invest all his funds in a bet. He needs to play a little in order to increase the distance of insertions, because some of them will be successful. And if he invests all his funds in one bet or a couple of bets, then there is a high chance that such a gambler will never see any winnings at all.

Most experienced gamblers do this kind of strategy knowing that in a single mistake they'll be burned and lost everything, and not experienced that early defeat they need to plan ahead and make sure that they can extend their stay, some may be able to maximize the use of their patterns and managed to win while most won't as they are risking too much then ends up being aggrevated and lose everything after.

It's the decision and the anticipation that a gambler needs to balance before stepping in and allocates their budget for their gambling activities.

That is one of the worst mistakes that can be made the mere thought that gambling can be taken as an income has a bad concept of things in terms of finances and financial education that is only reflected when playing in a casino and in sports betting , many do not see it that waybut the sun cannot be covered with a finger, then an income is when you have a job that does not have to do with betting and risking at random because it is something that is counted on every 15 and last , but it is safe , in a casino Nothing is safe.

In life, we have to take risks everywhere. But we have to think carefully about taking risks in gambling. Because one wrong decision of yours can cause losses for the rest of your life. Try to invest with a very small amount of money from the amount of money that you can afford to lose. For example, if you have $200 left after deducting all your expenses, you can gamble with $50 if you want. If you gamble with $50 then it may not have any effect on your financial situation.

You have brought up the truth. Considering gambling as the first means of earning money is the biggest foolishness. Those who have done this foolishness have lost their money. Even those who come here with huge amounts of money eventually return empty-handed. Not only do they return empty-handed, they even sell their homes and leave here destitute at the end of the day. For this, instead of creating a world of regret, the gameplay should be played with as much as is necessary to have fun.

In a natural sense, it is understood that the more a player is hired, the better they have to play and take risks. The amount of risk also depends on the money. How much risk will he take, or how much risk will he not take? However, what you are saying is true, that risk-taking systems differ in every sector.

How much risk that is worth taking depends on the quality decisions that is taken by everybody, it means that we need to calculate whether the risk is worth our time, money and health. How much risk that is worth taking in gambling depends on the amount of money that you are willing to stake, the higher the amount the riskier also the lower the amount the lesser the risk. Since we don't know the outcome of our gambling and it is not like a business where you are sure of making profit it is better to use small amounts that you can afford to loose.

Gambling is always a risky activity, but there are limits to the risk. A gambler who is new to gambling and does not have much idea about gambling, no matter how small the amount of money he gambles, it is still a risk to his money, because if he gambles without knowing or understanding, the results will be more likely to go against him. But when a gambler gains a good idea about gambling, he still has to continue gambling responsibly and he must have the ability to take breaks in between. Because if a gambler continues to gamble continuously, he will make mistakes in his decisions and if he makes mistakes in his decisions, the risk of money will increase a lot.
If a gambler wants, he can plan to gamble with a certain amount of money based on his money and he can spend a certain amount of money every day for gambling. If the gambler gambles by planning in this way, his risk will be reduced to some extent.

In my experience, sometimes it's worth to take risk without thinking. But it's because I have an idea of what I am doing and just let it be whether my bet wins or lose, it won't even a huge problem for me. I think with the others that does this, they're putting all that they have and so if they lose, they're regretting it forever. And that is the reason if we're going to gamble, we have to make sure as well that it won't be problematic to us if we lose. But if we hit some wins and the gains are that much, we don't have to put them back at risk again. Because the typical situation happens is that it goes back to the casino and they're win over from the lucky bettors if they're not securing the profits.

If someone once risks to play everything he has, it will be the biggest mistake and it does not matter whether it will be a win or a loss. Because if a player has decided to do this once, he will want to do it again, and if you repeat it, it is not difficult to understand that losing everything will be a matter of time. It is better to bet only what you can afford to lose, even if the winnings are small, it is still better than losing everything in one bet and being left with nothing.

It depends on the gambler. There are gamblers that if they do an all in once, it's most likely that they are already fearless and likely to do that again. The risk that's taken once can easily be taken again for the second time around but it won't change the fact that the results are always varying whether you've done it before or not. And I agree that we should always gamble with an amount that we won't regret to lose.

I agree with you, and even in gambling and some other activities in life there is no specific level of risk one should take though the level of risk taking also vary from individual and at different point too but even though we don't have a specific level of risk we should take but there are still points one shouldn't exceed especially if they can not afford it. The crazy part of it is that without risk there won't be success but it has to be taken with caution, understanding and wisdom, whenever a risk is taking with the above mention there is every probability that the risk taking is moderate ( one actually used what they can afford to let go or loss).

Gambling is just for entertainment, but poverty has forced so many people to start gambling and putting their mind in the expectation that they can make a living out of gambling irrespective of the losses that they will encounter. In the era, you can notice that the majority of gamblers and addicted gamblers are either poor or middle class, majority of the rich dudes are not even so dedicated to gambling or are not gambling at all. It's really a mistake see gambling as a source of income unless the person have agree to accept the risk that it entails but it's still not a wise decision.

Taking risks is alright as long as they are calculated risks and you're willing to deal with the consequences.  I think about investing into Bitcoin and how risky it was for me when I began.  Literally everyone in my life was telling me that I was making a mistake and that Bitcoin was a scam.  I did take their advice to heart and hedge my bets more than I wanted, but ultimately I followed what I thought was right.  If there's one thing I've learned in life, it is that it is ok to fail at something, but failing at something you did because someone told you to is mind wrenching.

A gambler shouldn't exceed his expectations when he's not aware of the risk that he's taking. But this is gambling and it's for sure that the risk taht we're all taking is we're all aware of. The thing is different with the amount of money that we're risking and so, if the amount isn't a lot to take, that's fine but if it's more than what we're expected to gamble, just don't be too emotional when we lose.

You are absolutely right in calculating that you can compare earlier investing in Bitcoin with gambling. I will even say that in gambling, according to the general public, the chances of success were much higher. Neither my acquaintances nor my friends believed in Bitcoin, and I think we were all in a similar situation. And now we see how you are rewarded, who believed in yourself, your enthusiasm and desire to invest in something that would change the world.

Life it self is a big risk, it is more risky for you not taking a risk because the only yardstick that give you an opportunity to try is risk taking.

However, mind you there is  an extend to   a risk you can take, always take a risk you can afford to loose so that when been failed you wouldn't get frustrated down casted.

This is the logic that a lot of gamblers don't have that's why they end up having big losses. There's a chance of winning big from a bankroll of $1000 if you stake 10 to 20 percent only on every bet you place, this means that you'd have to chase high value odds but you can get lucky while managing your bankroll and it keeps you long enough in the game. Some gamblers prefer to chase small profits with large stakes which is very risky

These types of mistakes happen when the person is intoxicated by seeing examples on social networks , seeing how some win and how tremendous sums of money are made in a quick moment and without effort , what happens is that the reality is different, real life outside of YouTube and any social network where that is seen is different the person who does that and loses everything knows that they were wrong , that they should not be greedy and that the best option is to see the game as a Business where if you get Small profits you Should settle for it and then play in another game session, I see gambling like that.

You are very well correct, social media and groups have become a breeding ground for all those sure bets and code sellers, where they promote their fake winnings and if a newbie is not careful they fall into paying some fees just to get some random codes to bet on, and most of them end up with bitter stories at the end, so what is most important is to avoid all those social media claims and focus on personal experience.

gambling risk should be taken with carefulness because sometimes when you gamble wrongly it will end us to regret, so for casino gambling we have to take our time to gamble knowing that the risk is involved for the gambling can make us lose what we didn't expect, I know quit well that in the gambling it is full of risk and if you don't make sure that you have  know exactly what you are staking on you will end by losing everything so have in mind that in gambling you can lose and also win

Just settle things the way it should, use spare and take that risk where you can handle the pressures, the amount of your stake should be the one that you can afford to let go, so no matter what happen you can move along and settle things out, no need to outreach to those so-called experts where most of the time just sucking followers money, directly or indirectly they can manage to earn thru referrals or a sponsor cut or thru subscriptions.

And that's why always calculate the risk that you're taking. Not everyone is good in taking risk and if some are reckless in taking risks, they'll earn it sometime in the future when they've learnt how to control themselves being reckless. At some point, there's a pros on it because they are not scared in taking more risks and new risks that they can see and that's why if someone is up for taking risk, little or high, it varies based on the experience and thought that they have. Some are playing safe and will only take what they can afford to lose.

Personally, I would disagree here that there are any pros to taking high risks in gambling.
Yes, taking on beyond what he can afford to lose is a good choice for having fun on gambling but if he takes on risk of funds that are more than necessary or that he cannot afford to lose, then it will be nothing but foolishness, but rather he will see cons instead of pros, such as increasing debt and loss amount together.
Overall, I think it's best to take as much risk as you can get from gambling, not that amount where you will be in stress.

I mean with that if someone keeps on taking risk in gambling, he's gonna get used to it and he'd definitely have no problem getting more risk even outside gambling. Like the investors, they're also risk takers but it's a different story with gambling. So, the form of being a risk taker is also brought into being an investor and that's the pros that I am talking about. A gambler won't be scared of taking more risks if he knows that there's a potential in it and of course if he has studied it. While the rest are scared of taking risks, there's one who gambled and step up and took the risk.

On everything that we are dealing on with, then there's always that threshold or simply having that limit because we do know that everything which is excessive is always been that bad or could bring out some issues later on. Whenever you are dealing up with gambling then of course its common sense that you do need up to control yourself when it comes to spending on which usually gambler will be always that in disadvantage and if you arent that sensible or mindful into the actions that you are taking then you are that prone or be that susceptible into those known common issues on where gamblers do able to face on. Gambling should be just that for fun and entertainment and the amount that you should risks is into the amount that you can only afford to lose as always. Gamblers would be messing up their lives if they were just that being too optimistic that they can actually make money with gambling without even trying out to realize that it was never been that possible on this case. Yes, you can be lucky but not all the time and this is why its important that you should know on setting up the limits if you dont like to mess up your life because of gambling. There are just that those times that you are that being that too impulsive or becoming that too hopeful or positive that they can make money with gambling but in the end they do have those kind of conditions on which that pertaining or showing up that they've been that affecting out overall finances just because they've that become too impulsive. It will be that up to you about on how much you would be that spending into the amount when you do gambling. Just always make it sure that you would be not go beyond with your limits if you dont want to fucked up yourself when ti comes to financial status.

You are right Although we as Humans have the right to live well Without paying for it , it is not like that we have to pay to live, for this reason work is something that will give us Sustenance for everything that is why those who get everything easily sometimes do not even know the Sacrifice of what the value of money means, our money must be valued so that it Yields us and we can Multiply it but with wisdom.

Gambling is a fast-moving experience where it’s easy to lose oneself in the process. If I'm at a point when I lose the track of time and/or I'm starting to feel frustrated, compulsive about taking one more step, and then another one etc. — that's how I'd describe the moment when I'm losing control and it's time to stop.
Thankfully, that doesn't happen often, but I do remember getting carried away sometimes in the past. To ensure it doesn't lead to major losses, I think it's good to have a strict budget limit for gambling.

Yeah, strict budget limit for gambling has always been the way to go for me, I could simply set aside $10, $20 or $30 or more depending on how much money I have at the time and how much I need for my important expenditures, this money set aside is for gambling and I usually make my mind to be very comfortable with what ever the outcome of gambling with this money turns out to be..

If and when am not so lucky and lost the amount after some time playing, I simply take a rest from gambling and wait until new money enters into my hands again, then I can again set out a new amount of money I will use to gamble.
This strategy have helped me greatly in controlling how much money I lose to gambling and ensuring I never lose what I can't afford to lose.

I also try to use the same strategy. When my budget runs out, I take a break for a while. If I try, I might be able to refill my budget but I don't do it, instead I wait until that time to control myself. Sometimes when I lose a bet, I get a big urge to refill it but I know that it can cause more damage to me so I try to control it at that time anyway. I try to manage my gambling within a budget so that it doesn't affect my personal work much but I have had experiences in the past where I used to lose a lot. Let's say I learned from that mistake and now try to gamble within limitation.

It can be said with certainty that if a gambler sets a budget limit for his gambling and is able to control it, then that gambler will be able to enjoy gambling without any kind of disaster.

It is very important to value money so that one does not get addicted to any bad habit of spending money without thinking. If you earn money by working hard, you will definitely have a different illusion towards that money if you use it in a bad way. Money is a very valuable thing, no one will give you a single penny for free in this cruel world when you are in trouble. So, even if you are thinking about your future, you have to think about how to use money in the best possible way, only then will you be able to overcome the trouble without asking anyone for help.

Yes, I agree with what you say, in fact things are ready to be the best in terms of entertainment and adult fun, I say that we as players must be well prepared for losses and for gains , sometimes when we win is when we lose control the most because when we win we want to Continue that streak and when we don't achieve it is when the biggest mistakes begin to emerge when Trying to win.

Nicely said, first of all the type of mindset you need to have is to always remember that market or odds are against you... before taking any big risks you must think think carefully about this because you might always end up having losses..if you are the type of gambler that is experienced you know how important it is to manage the risks you take...this is what increases your chances of being profitable

I understand  what you are talking about, but we have to also understand that gambling and investing is not the same thing in gambling for taking risk you don't have to think much but in kind of investing you have to think a lot as well you also need that knowledge before investment.
And besides, the risk we take in gambling is only a small amount of risk for entertainment, on the other hand, if we consider it from the perspective of investing, this investment is always large in size. And besides, if the risk of investment is taken with the mentality of taking the risk of gambling, then in most cases there is a possibility of an unsuccessful business.

Yeah, it is what I am saying. They're different story but the principle of taking risk in gambling is both applied in invesing as well. And that's the worth a gambler gets with how risky they are in their bets. They can even take more risk in investments. So, there's no need to expound that much about the difference of it because I agree that they're completely different worlds. But the attitude, approach and principle that someone does as they take risk, they're applicable in different walks of our lives and not just in gambling.

Both gamblers and investors face the same thing when it comes to risk, since there's always a chance of losing money in both. However, gambling often leads to addiction, which is why many people end up broke. Even if a gambler starts by using only money they can afford to lose, once addiction sets in, they might start dipping into their savings and eventually lose everything.
I’m not sure why gambling is so addictive for most people, but for me, I just spend a little money to enjoy the bet.

It's good that you're not like the others that becomes addicted to gambling. It means that you're just enjoying and have the control to yourself. Keep yourself in that post and so you won't end up like the others who are spending even their lifetime savings. Don't be like that and the risk that's being taken is just fine in gambling. Gamblers are really prone to gambling addiction and that's going to happen if we're not careful to ourselves and we're mostly fed by our own greed. So, set yourself even if the others are going south by spending only money they can afford to lose, still, that's the best formula.

I understand, in my personal experience I have always tried to take risks with high amounts , but to be honest I have never been lucky enough to win big, but when I bet small Amounts yes, and in fact if I had saved those small Amounts for a month I would have given a large Amount, similar to a large profit by betting a lot, if we have the Vision that in the Game as in Trading as if this were a Business for us we will have better Results.

Surely, there's always a negative impact to a gambler's emotional imbalance, whether it's during a winning or losing streak. Gambling is a game that requires a lot of calculations and brain work, and if a gambler is unable to maintain a leveled head when gambling, he's most likely to make the wrong choices, and like we already know, every wrong choice a gambler makes, is most likely to have a corresponding effect on that gambler.

Yes you are right, you are at risk of losing money in both gambling or investing. But I think there is a record of losing the most money in gambling rather than investing. Because when I gambling and in the beginning, I have control over myself and slowly lose control and become impatient. It seems to be the most vulnerable place. That is why a gambling gambling should be used in the gambling, so that if you are lost, there will be no problem. However, if you invest at any time, the profit will come out. However, one thing to keep in mind while gambling should never be played in a serious way. And all of them are aware of how much a addictive gambler can be destroyed .

Emotions will interfere with decision making, so it is better to take a break if you feel that now is not the time to play. I even see from myself that sometimes this break should be long, maybe several weeks or even more, because we are different and everyone has a different resistance to stress. If you do not want to worry about increasing the risks in gambling, then play for small money so that the risk is small, then the stress will be insignificant.

You said it right, a single mistake makes a big impact and most of the time it ruined the balance inside a gambler's mind, taking risk always reside in each gambler who gamble though there are different perspectives and different choices they needed to take that full responsible in every action that they'll take.

depending if how they control both emotion and their finances, taking risk will be different in each gambler's interpretations.

When taking a risk, understanding that the uncertainty is twice as much because in this case you are going against the norm and that is why it is considered a risk, for some it is just another opportunity to make some more money away from the usual and for the others it is totally something not to engage in but get your mind prepared that whatever  it is you are risking, you will loose possession of soonest.

Actually, the reason I am saying this extra here is that I have never seen any investor who was able to take risks in investing because he could take risks in gambling.

Rather, I have seen many investors who have successfully built businesses and later gambled large amounts of money for entertainment. What I really mean is that the ability to take risks in gambling should not be taken positively.

You are right about that, every risk is worth taking the end result is positive but the problem here is that we cannot really predict the outcomes so every risk is dangerous. The uncertainty behind every stake makes it very risky,  it's just like when a gambler decides to go all in, he's putting in everything he has but doesn't really know if the outcome is going to be positive or negative, doing this can lead to a lot of problems if you are not careful

People often make mistakes, but we also learn from them. Losing control of oneself is a common problem for most gamblers, as they let their emotions take control of their minds. If we can fight it back and stay within our limit, that is never going to happen. Unfortunately, gambling can be manipulative. We say this is the last bet, but when it wins, it ends with another one.

Good thing for you that you still have the faith to keep your gambling lifestyle at the limit. Many gamblers want it, but many fail.

We should be prepared to lose when gambling. After all, when we gamble, the chances of losing are greater than the chances of winning. Therefore, we must be able to accept the inevitable loss. There's a possibility of worse things happening if we can't accept defeat in gambling, such as the desire to recover previous losses, which can lead to continued gambling.

You're right, even when we win, this can sometimes lead to a loss of self-control. It all depends on ourselves. If we can control ourselves well, everything will be fine. And perhaps those who can't accept defeat are people who lack self-control. Furthermore, gambling is inherently risky. I clearly don't recommend taking big risks, because even if we're lucky, we can win without taking big risks.

Lots of gamblers often say they will limit how they gable but after winning all changes and what they said before turn on to be just history, I've seen people who act like they know what they are doing until they suffer the first loss slowly losing control in the process, selling stuff one by one, until nothing left, this happens in our country they even sold their car, and ending up their life after, or being chase by people outside.
True that high risk high reward, but like what other said we don't know the result we just gamble, so better take a limit and self control should always the top priority at all times.

I have made this kind of comment severally concerning gambling budget, everyone who is into gambling is supposed to have a budget knowing that gambling is all about risk, so that you will not gamble more than your expectations in gambling, because sometimes when we gamble without having budget it really affects us, so we need to have plans in gambling and gambling without plans or budget that will make someone to be addicted without knowing that is affected or addicted in the gambling, so most of us that gambles have to take adequate plans so that gambling will not consume our money or affect our other business we do, consistent gambling consume a lot of capital from a gambler unknowingly

As long as that risk is not a risk that will ruin you or any part of your life if it fails, you can go ahead and take the risk. That is why it's not advisable to idolise what people do without knowing the context.
For example, you can hear a person say he took a risk of $1 million, and it paid off for him. That can inspire you to take more risks, but you fail to see that the person you're taking inspiration from was worth way more than a million dollars, and if the risk had backfired, he would have been perfectly fine. Meanwhile, if you $10k, you will be in a lot of trouble.

I agree that we need to know our limits. We can't do what others do, and that is why gambling is only for adults. It is assumed that as an adult, you have what it takes to make decisions for yourself.

It's actually not uncommon and nowadays it's treated normally, as if it were the order of the day. I'm very interested in how quickly people in this situation realise what is happening to them? After all, when they do this and look for money they are clearly under the influence of gambling and excitement, a person in his right mind would never do this.

Well, it's kind of a mix up to you and I won't go futher with that anymore because I think that even if with so much explanation, this will just get expounded and will still end up with what you think and you're right. I agree that I've seen those investors, gamblers invest and take risk money and became successful in their own end. And yeah, taking risk in gambling shouldn't be taken that lightly and it's not a pros anymore.

Absolutely correct bud and well spoken, The brain of an adult is far different from the brain of a child, adult have had experiences and know how to navigate their way to try to stay away from troubles, this is not the case for a child who hardly tell with accuracy what is wrong from what is right, this is indeed is one for the reasons why gambling is something or an activity that is reserved for adults.

Risk is absolutely normal to take so long it's gambling we are talking about, without risk, there is no gambling and this is just it, so in other to gamble safely, knowing the level of risk we can take and be very comfortable when things fail to go as we planned is very paramount to our wellbeing both mentally and emotionally as gamblers, a gambler who does not take into account his ability of risk taking will end up taking a risk that may completely damage him or her when things fail to go according to plan.

In all things there is risk, that's why we always need to calculate the risks well, each person has their own lifestyle, has their own budget and has their bills to pay, so it's up to each person to calculate how much money they use to pay all the bills per month and how much money after paying all the bills is left and based on that they will define how much money will be allocated to entertainment

and in this money destined for entertainment they would still need to take part of gambling. After that they will have to define the risk they intend to take: for example, if it's in sports betting, they could define how to bet on only games with odds of @1.50 and always placing $2 on each bet

I would like to agree with you and what you said in your post actually refers to those gamblers who basically gamble responsibly. Those who gamble responsibly always set a budget in advance based on their affordability and take their high risks accordingly.
In this case, some people have the ability to take a $200 risk, while others have the ability to take a $2 risk. This is the reality. However, what I think is best in my personal experience is to always fund gambling below 5% of your income. Funding above this, I think will affect the average person's other expenses or savings.

I have learned many lessons so many times while gambling with different risks, just as risking important funds to pay my bills, risking my own education future, risking family time, right before I decided that it is really important to know when the risk worth the sacrifice. I took a long break from taking any form of bets, gathered money, paid back my bills and loans and realized that I was wasting much time gambling more than money itself.

When I started to gamble again, I truly enjoyed very little wins while gambling less than when I used to spend much money, more funds and ending up winning big or losing all. I was risking too much, and when I win the feeling of joy wasn’t actually worth it. Taking bigger risks taught me that the result after isn’t always good even when it is positive. My advice is to rethink about gambling twice if you can really reach that good satisfaction feeling even when you win, if not then the risk isn’t even worth the prize.

People that don't have decisive mindset are the ones that get into this type of problem more but for someone that's a man of his words, he won't find himself doing this that often. Most gamblers aren't able to say they'll stop gambling and do what they said because they're already addicted and there's something that gambling give to them that they can't get from other things. Gambling is very addicted and when it becomes your own problem, you can't run away from it unless you decide to stop gambling totally but there's a problem when trying to stop because you won't be able to get it done. Risk you're taking should be ones that you can control and not those out of your control.

The risk is not worth it, it is putting too much money in the casino, it will invite our desire to continue playing, taking a risk is worth it, when you have more money and free time, gambling to fill your free time without having to burden and think about losing, enjoying every bet is the best way

For me, it's no longer worth taking risks when those risks will clearly harm you or someone close to you. Although risks are part of everyday life, they are calculated risks, or at least they should be. Every decision is risky; whether we made, the famous "what if?", always lingers in our minds.

My body alerts me when I'm about to "do" something I shouldn't. I feel anxious, genuinely uncomfortable (I'm not talking about doing something wrong or unethical; I have a clear conscience about certain actions), and I've taken many risks before, and I still do today.

Gambling should be done when the person is free from what ever they are doing, it can also be done when the gambler make out time to fill in their pleasure and catch fun out of it, their are also those who make it a part time job which means it’s on their schedule list, what matter is the gambler is using money they can afford to lose to place bet on the game of their choice, where the risk won’t be worth it is if the gambler wager on a game with an amount that’s above what they can afford and on a game that’s promising a higher odd which also implies that it have a higher risk of losing that money.

It is not the absolute risk itself that is important, but what is behind the risk. It also matters how real the risk is. I usually use the analogy that if you have to walk through a minefield and you do not know the safe path, your risk is close to 100 percent. That is, the risk of dying is almost 100%. If you know the safe path through the minefield, then your risk is small. You can only die if you deviate from the safe route or forget it. This analogy emphasizes the importance of knowledge. It is very important to have good knowledge before you take significant risks. If your knowledge is exceptional, then the risk is essentially irrelevant - you will succeed. In this type of gambling, knowledge is a good strategy.

It is worth listening to this inner feeling, if you have doubts about the bet, it is better to listen and skip it. This does not give you an exact guarantee that you will be right, but it is worth developing in yourself. We know what is best for us, and if we learn to listen to ourselves, then this can work. And it is also worth observing risk management, this will help you determine the bet that will not be detrimental to you in case of loss. Everything regarding risks will depend on your discipline, which is extremely important in gambling.

For me its not worth taking risk via gambling when you try to earn with gambling. No matter what is the goal, to win and buy an island, car, repay debt or just a soda can. If goal of gambling to earn then its a taboo. As gambling is entertaining for me, its not about taking risk, its about having fun, but the only moment when I am ready to risk and be involved in big risk, is when my favorite team or country participate in sport event.

I agree. Knowledge will somehow increase our chances of winning and maybe also lessen the risk that we are taking when it comes to gambling. It's our only weapon when it comes to gambling.
Experience comes after it. Those who have learned their lesson, either the tough or easy way, will be more careful with what they decide. We always have a choice of taking the high risk or the lower one, and sometimes the high risk can be more profitable if we know what we are doing, and that's by using the knowledge and experience that we received in the long run.

No matter how other gamblers claim that at a certain level of knowledge the risk is no longer important, because you can achieve a result in any case, but I still think that gambling is therefore different from any hobby, craft or business in that the luck factor here is especially large, and sometimes it is even one hundred percent, and the ability to control your Money management emotions and deposit well still does not guarantee an absolutely accurate achievement of success.

When assessing risks, in my opinion, you need to answer several questions for yourself. The first question can be formulated as follows: how bad will it be for me (assessment on a 100-point scale) if I take this action and lose? The second question can be formulated as follows: how good will it be for me (assessment on a 100-point scale) if I take this action and win? By honestly answering these two questions, you will get an answer to the question: how justified is the risk in this situation? You are not taking risks just like that, you are taking risks in order to move from the current situation to a more favorable one for you. This is why a big risk should always be associated with a big gain. Because if you move from the current situation to an even worse one, then you will need an even bigger risk to improve the situation. Or you will need a lot of time for this, and time is the most valuable resource. And it is a pity to lose it.

A risk is always based on luck, it's a 50/50 thing... There's a chance that you might end up regretting your actions at the end of the day so what's the point of going down that lane...I would rather take a very calculated risk than trying to go all in because this is something that can cause a lot of damage when it goes wrong...you can get a lot when you end up winning true but what if you lose... Better safe than sorry

That's why planning before playing is essential but who plans before playing? Before playing all we do is think about what we can win, or what we can multiply, so before playing, we have to think about how much we can lose and how much we're willing to lose If we plan that before playing, we'll be doing things very well.