Avoid Miscalculated Risks In Gambling.

[swogerino]

Taking unnecessary risk in gambling is mostly done by ignorant people, or those that are newly into the system, well it's understandable because they're ignorant of the risk management of gambling, but what baffles me is seeing experts taking unnecessary risk like betting heavily on risky odds, I consider that unwise cause no matter how rich one is you don't go wasting money all in the name of taking risks. we all know that in event where winning is a 50/50 chance one is required to bet wisely right? Then I wonder why some people would bet heavily on odds above 5 points, some would even risk all their profits to make more profits. The aim of one who wants to be successful in gambling shouldn't be to waste money in the name of taking risks, it's avoiding numerous loses and spending wisely even if you want to take risks it should be calculated risks not risking all your profits to make more profits. Stick to your limits, bet on low risk odds, take profits and don't bet all your profits one very risky odds, and most importantly bet on what you can afford to lose, these are what is expected from a gambler who wants to be successful, not taking unnecessary risks.

Emotions are hard to control and that is what makes those person to go taking unnecessary risks because of it. They are euphoric to say the least, if they win some good amount in a slot machine like for example they buy the bonus with 2.5 dollars and got an over 100 dollar win with that bet they simply become euphoric and this is the most dangerous moment which takes people to take more risks and they don't really think cold headed about the consequences, I personally have been in this example to many times and despite losing all after winning that 100 dollar with 2.5 dollar greed and euphoria got the best out of me until I lost it all, I have lost several occasions like that and I don't call it unnecessary risk rather I call it "the fight for the max win" as I chase it while losing eveyrthing.

The same can be said about people losing in sport bets example like you have provided, it is all because of the emotions which we can't control.

[JunaidAzizi]

Well, for those people who are ignorant of risk management, they are the foolish ones in the gambling world. The bets show no mercy to them and take all of their money. The first group is ignorant; why do they gamble when they don't know anything about it and place bets in the thousands, only to lose money? There are no seats for them until they understand gambling. The second group consists of those who do not care about risk management. I think they are both the same because they will only lose money and nothing else.

There are many gamblers who have millions of dollars, and they do not care about it and continue gambling. They are the upper class, and we cannot compete with them because the money they lose in all their bets can be recovered in a single bet due to the huge amounts involved. But why do other gamblers follow in their footsteps and do the same? They have to understand that following others will only lead to unprofitability and loss of money; in fact, they can avoid this ,calculate their risk effeciently and do the gambling as per their understanding and level .

[$weetne$$]

It's well known that gambling is all about risk and if you don't want to take risk you should not involve in gambling, because gambling is basically meant for people who understand risk, that's why it's not good to push someone into something it has not make up his mind to do, I don't know for any person or anyone, gambling is basically for people who is determined not for people who is biased, because if you are biased in gambling you will always experiencing default in gambling, that's why I always say that gambling is for people who understand it and also people who ready to experience loss

You are speaking the truth because for someone who has not understood that they are going to lose if the engage in gambling, they will be feeling bad when it happens but for those that know that losing is something they can not escape from then they will embrace it and not feel bad when it happens. There is no how that you can calculate your risk and you will not have some games that you lose. There is no game that can guarantee you success every time you play but there are games that you can be lucky at and be winning most of the time. You can decide to pay more of those games and keep winning regardless of how small the profits are then to be losing on other games because of being greedy and looking for bigger profits, doing this you have calculated your risk very well.

[rachael9385]

that's why I always say that gambling is for people who understand it and also people who ready to experience loss

That's the theory, in fact, you can see many novice gamblers who are finally also interested in gambling without knowledge of the risks. the risk of losing gamblers must know, but mentally they may not be ready to accept the loss.

Yeah it is true.
Novice gamblers don't know about the risk, even if they does they don't understand how to get rid of emotion while they experience some losses. However the only way to get rid of emotions is by gambling for fun. Without this, as they experienced losses they will definitely be depressed and decide to chase their losses.
Well, it is not every gamblers that gambles for fun that is why we have some gamblers that are addicted to gamble.
The truth is that novice gamblers should understand the meaning of gambling and how to manage risk.

[I_Anime]

that's why I always say that gambling is for people who understand it and also people who ready to experience loss

That's the theory, in fact, you can see many novice gamblers who are finally also interested in gambling without knowledge of the risks. the risk of losing gamblers must know, but mentally they may not be ready to accept the loss.

Yeah it is true.
Novice gamblers don't know about the risk, even if they does they don't understand how to get rid of emotion while they experience some losses. However the only way to get rid of emotions is by gambling for fun. Without this, as they experienced losses they will definitely be depressed and decide to chase their losses.
Well, it is not every gamblers that gambles for fun that is why we have some gamblers that are addicted to gamble.
The truth is that novice gamblers should understand the meaning of gambling and how to manage risk.

There are alot of folks that don't actually know the risk attached in gambling, because of their mindset that they have concerning gambling, because alot of people sees gambling as means to get rich quick, and to make easy money by just staking a particular amount of money.

Which are all wrong mindsets , because in gambling is all about entrainment and having fun when earning an extra buck when you win . Not something you can just be doing all day and start earning, nahhh is all boils down to how to luck so ain't something that's certain.