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Author Topic: Higher and lower risks in gambling is the gamblers choice.  (Read 891 times)
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January 19, 2024, 12:15:45 PM
 #41

I think everyone knows about this already. The thing is, gambling is all about risk. The more you risk, the more you can have and also the more you can lose. Don't forget about that. Yes,  facing the fear and risk will be rewarding if only the gambler wins, but if it doesn't, then it's a loss and it will be impactful. Many gamblers out there have the mindset of going for the risk and high stakes, thinking that it's worth it or not. I've known a colleague in a company who gambles like that. Imagine that during work he will do a bet, and then sometimes out of nowhere he will let you pick on what he should bet. The good thing is that if the choice or bet you've suggested is a win, he will treat you to something; if not, then its nothing because he's not accountable. That colleague of mine is a very risk-taking gambler, and believe me, he also faces losses and the worst debts.

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January 19, 2024, 12:32:31 PM
 #42

I don't know if everyone is aware of this that the more risks you takes on your predictions is the more higher the game odds, and this set of gambling demands lower stakes due to the chances to win is extremely high.


Winning big involves higher risk not only on the accumulation of odds that you are staking for but also for the amount of money you are staking. Some gamblers take the risk from the angle of multiple games which increases the odds but increase the chances of losing incase some games didn't win while some gamblers risk more capital than normal to what they can bear if they lose. So a gambler understand the risk that is involved in gambling and knows what he should be staking for.
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January 19, 2024, 12:34:57 PM
 #43

It is true that higher and lower risk in gambling is preferred by all gamblers but gambling requires luck so the promise of higher odds is less. There is always risk involved and unlike other casino games that may require skill or strategy. The excitement is further amplified by the possibility of significant payouts, sometimes even life changing jackpots. Another factor is the lack of complex rules or learning techniques which makes them an ideal choice for casual entertainment. Players can quickly engage with the game enjoying the thrill of every spin without the need for in depth knowledge or skills.
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January 19, 2024, 12:36:58 PM
 #44


This is all about you either faces your fears and ready to accept what it brings or you withdraws from your fears and minimizes the threats outcomes.


It is one of the perspectives but I won't connect gambling with emotions as much as possible because it can lead to more bad things than good, so just assume gambling as an activity and do whatever you want to then just leave all the things behind and focus on the next thing that is based on skills.

Higher odds mean the chances of winning is lower but it can never be zero that is the catch. So you can never be sure that you can win 10/10 bets when you only bet on low-odd teams.

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January 19, 2024, 12:54:15 PM
 #45

Yes, smaller odds, but patience and tenacity matter. Isnt it like an endurance test? I like how this technique reflects life: working toward something rather than taking the huge leap. No assurance of a win, but isnt that fun? Uncertainty and hope make the game interesting.

It ultimately comes down to personal choice and risk/reward perception. Face our anxieties or play it safe - either method is thrilling. Isnt that what makes gambling fun? Unpredictability, highs, and lows, its life. Congratulations to gamblers who welcome this with open arms and fun.

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January 19, 2024, 01:03:33 PM
 #46


This is all about you either faces your fears and ready to accept what it brings or you withdraws from your fears and minimizes the threats outcomes.


It is one of the perspectives but I won't connect gambling with emotions as much as possible because it can lead to more bad things than good, so just assume gambling as an activity and do whatever you want to then just leave all the things behind and focus on the next thing that is based on skills.

Higher odds mean the chances of winning is lower but it can never be zero that is the catch. So you can never be sure that you can win 10/10 bets when you only bet on low-odd teams.
it is true that one of the keys to success in gambling besides luck, emotional management is also very necessary. your calmness when playing gambling will actually make the game more exciting and can make you think more clearly. so you can control the game instead of being controlled by the game.

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January 19, 2024, 01:09:05 PM
 #47

I don't know if everyone is aware of this that the more risks you takes on your predictions is the more higher the game odds

Yes that's true, the more we are taking the risk the more the odds keeps accumulating for us to have higher winning amount but at the expense of taking the more higher risk.

and this set of gambling demands lower stakes due to the chances to win is extremely high.

That one is our own decision to make, but as you you've said, those that don't have much money may use this method to double up their money but at a very high risk as said earlier, they can as well manage to loose the money since it's something not much they are staking with.

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January 19, 2024, 03:08:46 PM
 #48

And the lower risks you takes on your predictions is the smaller the game odds which you may demand higher stakes to secure an appreciative winning. Although there is still no assurance of winning here for winning in gambling is strictly game of luck.

Many gamblers like using higher risk as you'll have to wager a small amount of money for those higher risk when playing sport betting. They'll want to use $1 to win $100 profits and this is why they'll keep losing when gambling. Sometimes you have to wager big amount with smaller odds to win as those types of bets are easy to predict. Only very few gamblers can use small wager to win big profits as many gambling are hoping that one day they'll be the lucky ones.

Don't take too much risk when betting regardless of which type of games you're playing, if you're playing casino games reduced your risk and if you're playing sport betting choose fewer games and you'll have more chances of winning. When gambling we don't have to be greedy and what to win big amount everytime we play. Some days we can go home with smaller profits instead of losing everything because of high risks.

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January 19, 2024, 03:21:31 PM
 #49

Gambling is a game of uncertainty and the probability of losing is always higher than the probability of winning irrespective of the odds, small or big. Odds do not determine who wins and who doesn't but then gamblers have always held this perspective that betting on smaller odds is the safest way to win in gambling specifically in sports betting.

However, if betting on smaller odds guarantees more wins people will only stick to betting on games with smaller odds and this can chase bookies but then bookies are even proliferating which means statistically the bookies are winning in the tussle. It hits harder when a person loses on small odds because placing a bet on smaller odds means staking with a reasonable sum of money to get value and when the outcome is not positive, it can easily drive the bettor into some form of negative behavior.

Thus, I will always advocate that people should stake only with money they can comfortably lose without having to worry irrespective of the odds. This is important since odds do not guarantee who wins the game hence, the onus is on the gambler to control his stake each time he gambles.



The gambling game had both the possibility of winning and losing,if you choose the casino.The gamblers should more more cautious for the betting,because the gambling game was involve of real money.The odds of the gambling was not the same one for many games,because sometimes the odds will work.The other way the odd may failure and leads to the gambling loss.The smaller loss in the gambling site can be managed by the gamblers,but if he had loss the game again and again will leads to the economical imbalance of the gamblers.The risk was the common outcome of the gambling site,but risk was not the permanent one in the gambling site.
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January 19, 2024, 03:32:25 PM
 #50

And the lower risks you takes on your predictions is the smaller the game odds which you may demand higher stakes to secure an appreciative winning. Although there is still no assurance of winning here for winning in gambling is strictly game of luck.
Low odds is way more appreciative to win but you'd likely to lose more if your prediction isn't right. If you're talking about sports betting then I will contradict your statement because it's likely a combination of luck and your knowledge towards that sports or player. You may be lucky at some point but knowing the sports, the team or the player, it's sometimes certain if you bet on lower odds.
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January 19, 2024, 04:23:21 PM
 #51

And the lower risks you takes on your predictions is the smaller the game odds which you may demand higher stakes to secure an appreciative winning. Although there is still no assurance of winning here for winning in gambling is strictly game of luck.
Low odds is way more appreciative to win but you'd likely to lose more if your prediction isn't right. If you're talking about sports betting then I will contradict your statement because it's likely a combination of luck and your knowledge towards that sports or player. You may be lucky at some point but knowing the sports, the team or the player, it's sometimes certain if you bet on lower odds.

I think he is talking about sports betting. It's just favorite vs underdog, the majority will be rooting for the favorite and will even wager a huge amount to win a bigger percentage. This is where big bettors cram for it seems to be the safer side while those who have doubts about the crowd's favorite can wafer small to win big.

Some of us are just willing to lose a small amount for the slightest chance of winning big. People parlay $10 to win more than a thousand.

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January 19, 2024, 05:17:30 PM
 #52

Different gamblers have different expectations in gambling. Some people want to win very little in gambling and there are others who expect a lot from gambling. People who have high expectations also like to take risks. I am surprised by some gamblers gambling odds. They pour money into certain bets in such a way that they think they will surely win that bet. Without seeing them, I would have had no idea about gambling. Those who don't want to take risks and want to win at gambling, I'm sure the rate of loss is much higher.
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January 19, 2024, 05:30:13 PM
 #53

This subject about high and low odds has been discussed a lot over the years, many people argue that betting on games with low odds, like odds of @1.50 and below, is not profitable in the long term, for example, suppose a person has 10 $ to place sports bets. So this person decides to bet on 10 games with odds of 1.30$, this person gets the 10 games right and ends up with 13$, see this person had 10$ and made 10 bets, but only profited 3$. And if that person continues using the same strategy in the other round and loses in 7 games, then that person will start to get worried because they will be very close to losing money. so even if this person has had a lot of successes it is still not something that the person will celebrate due to not having made much profit. imagine the following scenario:

you have $10 and your friend also has $10 and they decide to place sports bets. you make 10 bets with odds of 1.50 and get all 10 bets right and you end up with $15. Your friend chooses to make multibet bets in which he places $1 on a multibet bet of 600.00 odds, your friend makes 9 bets wrong but he gets 1 bet right, leaving you with $600. Then a friend takes the money out into the real world and buys a lot of things and keeps telling everyone that he won that money with sports betting, then other people will ask you whether or not you do sports betting and how much you won too, when you say that won $15 and that is not a minimum amount to withdraw to the bank, so no one will want to know your story anymore, people will distance themselves

and they will focus on listening to your friend's stories, because what matters is having money in the real world to spend. When people gamble, they are looking for big winnings to spend in the real world. It doesn't make sense to spend 1 year playing and winning many times but earning very little to the point of not being able to withdraw it and spend it in the real world. This is my opinion. I know and support that gambling should be seen as fun, but there is also nothing wrong with winning big at the casino and spending it in the real world. Making simple bets with low odds is not a good thing.

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January 19, 2024, 05:34:42 PM
 #54

It's quite obvious the less probability of winning a bet, the higher it's going to be its final reward, while a bet where you have a high winning probability will reward you low profit. Different gamblers will choose one or another route, depending the current situation and their past experiences betting on the favorites and underdogs. There isn't an assured strategy to be more profitable on long run by choosing low or high risks. Actually, every gambling strategies you adopt will lead to long run losses, unless you are lucky to hit the jackpot once in your life and quit gambling.

Personally, I've already played through low risk many times, but I don't feel like the experience was rewarding for me. If I could go back in time, probably I would do the opposite, going for high risk and high odds, because that way at least I would have the chance of winning some considerable prize (the jackpot) and then making good use of the reward, instead of losing big sums of money on low risks bets, imagining they were going to work in my favour...

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January 19, 2024, 05:35:59 PM
 #55

Risk and reward are directly proportional to each other. The more the risk you take the higher the chances of getting a big reward. What matters the most is how much you’re willing to sacrifice for it because gambling is a game of risk and can also be seen as a game of luck. It is now left for the gambler to decide what they want and what they can lose in the process. This can be related to trading, as such that; the more you use higher leverage and capital, the more the reward and when it back fires the higher the loss also. Everything here works proportionally to each other, you just need to decide the one that suits your budget.

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January 19, 2024, 06:26:00 PM
 #56

I heard a proverb that "No risk, No gain". So yeah to get a historical win which is much different than a normal win you must have to take a risk.

Quote
Higher and lower risks in gambling is the gamblers choice.

And I assume most of the gamblers always love to take the high risk for higher odds. This is a natural habit for a gambler.

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Juse14
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January 19, 2024, 06:49:44 PM
 #57

Gambling is known as an activity that has quite high risks, because when you decide to place a bet, there is no such thing as a money back guarantee and there is also no guarantee that every time you gamble you will win. So before you decide to start gambling, you must be prepared for all the risks and you must also be prepared to lose the money you bet. We must be prepared to accept defeat, because if not, then initially you gamble to relieve stress, but what happens is the opposite, where you become increasingly stressed because you often lose.

And therefore, gamble appropriately and avoid all forms and behavior that will only lead you to loss and disappointment.

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len01
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January 19, 2024, 07:01:47 PM
 #58

choosing big odds will not be a problem if it is done just to try your luck with a small betting amount and usually people will use parlay bets, choose big odds and bet to try their luck at getting a very large total odds. even though it is very high risk, if the betting slip loses it won't be a problem if you only lose $1
so taking a big risk at high odds doesn't hurt.

and for the second option regarding choosing low odds with high bets, you need to pay attention, even though the odds are small, it doesn't necessarily mean that the chance of winning will be greater and the risk is still big because they think low odds have a big chance of winning and bet large amounts and in fact many bettors lose big when betting on small odds and the chosen team being beaten by the opposing team is just like a surprise.

this is all about how a bettor can accept all these risks and there are no guarantees whatsoever.

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January 19, 2024, 07:05:30 PM
 #59

Risk and reward are directly proportional to each other. The more the risk you take the higher the chances of getting a big reward. What matters the most is how much you’re willing to sacrifice for it because gambling is a game of risk and can also be seen as a game of luck. It is now left for the gambler to decide what they want and what they can lose in the process. This can be related to trading, as such that; the more you use higher leverage and capital, the more the reward and when it back fires the higher the loss also. Everything here works proportionally to each other, you just need to decide the one that suits your budget.

The problem is that in gambling it is difficult to know when to stop. After all, it may happen that the player stops just before the so-called streak of luck catches up with him - literally on the next step. Therefore, the biggest risk is the lack of brakes
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January 19, 2024, 07:06:47 PM
 #60

Gambling is known as an activity that has quite high risks, because when you decide to place a bet, there is no such thing as a money back guarantee and there is also no guarantee that every time you gamble you will win. So before you decide to start gambling, you must be prepared for all the risks and you must also be prepared to lose the money you bet. We must be prepared to accept defeat, because if not, then initially you gamble to relieve stress, but what happens is the opposite, where you become increasingly stressed because you often lose.
-snip-
Therefore, it is necessary to do management before gambling,
provide a special allocation of funds for gambling so that there is no regret when losing the money.

But many people just start without understanding anything, don't read the Rules or ToS of every gambling place.
Big or small risks will be borne by yourself and not borne by anyone so that no one can be blamed when experiencing defeat or loss.

And this will also be mentally disturbing or stressful as you say when losing gambling.
Therefore, you must be mentally prepared as well.

R


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