Avoid Miscalculated Risks In Gambling.

[$weetne$$]

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.

Addiction, people who always do this are not doing it because they think it is the best way for betting, they are doing it because they are addicted and they can not help it but continue to gamble until they have lost everything that they have then go broke. Addiction is what make some people that you would be excepting them to know the rules of gambling and know how they can be very professional and make it very profitable yet you see them always struggling to keep up despite having alot of experience and money from gambling. Taking calculated risk helps in risk management and if you are gambling without being considerate about the money that you are wasting, you are not going to have a successful gambling career.

[taufik123]

In general – when a gambler has a high imagination of winning big, then they will find it difficult to have the right mindset. Greed has led them to the point where they ultimately fail to make wise decisions – this is the beginning of destruction. What's worse - they never even consider those small wins worth achieving, which means they no longer have any value at all to them.

Greed is the main problem, everyone has a greedy nature but has their own level.
I have also been in a moment where the victory has been achieved with a fairly large jackpot,

but unfortunately that greedy nature arises that in the end I risk the victory that I should have taken.
In the end it was just a defeat and only half the victory I could have saved.

It's hard to overcome that greed if it's already at the top, making impulsive bets like I said will give bad results.

Small wins will indeed be worthless and even only hope for big wins, even though small wins obtained repeatedly will be better.

[Webetcoins]

Why it sounds like betting on high odds is wrong? there are nothing wrong if you bet on high odds, many people feel entertained when they bet on high odds since it will be exciting if they won. Actually, I don't like to bet on low odds because I only bet small amount of money, many people bet on low odds with big capital.

Actually, most people didn't even calculate the risk before they gamble.

It only sounds but you are right that there is nothing wrong with it. Even if there are people who say it is wrong, we should ignore them if betting in high odds is what our heart says. Apart from winning, the excitement can also come when hunting those huge multipliers in game.

We know that our chance is only small but something tells us that they are now along the way and we can get them in no time. I think most of us are playing with sufficient amount, so if you bet on low odds game, you still can win decently but the action here are fast paced and we may not enjoy it very well. If you are playing with the same capital, you already know the risk involved, so there is no need for you to calculate it again.

[Assface16678]

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.

Addiction, people who always do this are not doing it because they think it is the best way for betting, they are doing it because they are addicted and they can not help it but continue to gamble until they have lost everything that they have then go broke. Addiction is what make some people that you would be excepting them to know the rules of gambling and know how they can be very professional and make it very profitable yet you see them always struggling to keep up despite having alot of experience and money from gambling. Taking calculated risk helps in risk management and if you are gambling without being considerate about the money that you are wasting, you are not going to have a successful gambling career.

There will be no success in gambling, I know some gamblers who became instantly rich because they are lucky enough to hit a jackpot that make their lives upside down, but that is not the case to all gamblers, many gamblers are having a false hope of they might someday hit a jackpot when they keep on gambling but that is the mistake and the trap to most of the gamblers that has that mindset and eventually they will develop bad traits such as addiction or desperation making them to keep on playing, which they are not being aware of their current situation and later on will notice it when its too late. Gambling can be a source of miracle and also misery, so if you know you are not lucky then dont keep on hoping to eventually have a good life because of gambling, so better know your limit and stand in life before you get too emersed in playing gambling.

[Strongkored]

Taking unnecessary risk in gambling is mostly done by ignorant people, or those that are newly into the system

In my opinion, there is no unnecessary risk, because all risks are the same, whether when betting on high or low odds, the chance is still 50/50, the bettor is only trying to increase his chances of winning by analyzing the match, but still doesn't rule out the possibility of losing.
When someone bets at high odds which makes it appear that he is taking a higher risk to gain a profit, it is not because he is ignorant because it could be that the amount he is betting is smaller than what he usually bets or because he sees that there is a chance to win. I have won with odds of 20.00 but have also lost at odds below 1.50, even this is more often because bettors will often choose the commonly chosen odds compared to high odds, but low odds can also lose so bettors will lose more often at odds like that, only occasionally at high odds but sometimes you can win.

[Dr.Bitcoin_Strange]

Most gamblers are risk-takers; some are unnecessarily greedy, and some don't have any idea what they are doing. It's their money; let them do what they please. It's not all gamblers that gamble in such a manner; some responsible gamblers are usually very careful and smart when making predictions, and some of those people who are addicted gamblers can usually make such miscalculations. Some people, too, who are gambling for fun, can actually make crazy predictions as if they don't care whether they lose or gain. 

[Slow death]

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.

the main point is:

How many people make constant profit from sports betting?

most people are losing at the end of the day, even if they keep placing bets with odds of 1.10 they are still losing in the long term, even those people who make videos on YouTube talking about how they are professional bettors with more than 10 years of experience, They have already written many books about sports betting tips, they have worked for bookmakers. These guys who own YouTube channels who say this are also losing in the long term in sports betting. That's why they started making money on YouTube and other platforms, because they know that it's impossible to make money from sports betting as a bettor.

what has happened is that some people have chosen to choose games with very high odds because if they get it right they will at least win a lot rather than betting on games with moderate and low odds that they can win but in the long run they will lose everything because they just need to have a sequence of defeats to lose their entire bankroll, for these people they have resigned themselves to the fact that sports betting is not for them to make a constant profit nor for them to make a living from sports betting, so they see it as entertainment in which they place 10$ on a game that has odds of 5.00 for the underdog and If they get it right they get 50$ and celebrate and if they lose, they won't be sad

[Accardo]

Addiction, people who always do this are not doing it because they think it is the best way for betting, they are doing it because they are addicted and they can not help it but continue to gamble until they have lost everything that they have then go broke. Addiction is what make some people that you would be excepting them to know the rules of gambling and know how they can be very professional and make it very profitable yet you see them always struggling to keep up despite having alot of experience and money from gambling. Taking calculated risk helps in risk management and if you are gambling without being considerate about the money that you are wasting, you are not going to have a successful gambling career.

There will be no success in gambling, I know some gamblers who became instantly rich because they are lucky enough to hit a jackpot that make their lives upside down, but that is not the case to all gamblers, many gamblers are having a false hope of they might someday hit a jackpot when they keep on gambling but that is the mistake and the trap to most of the gamblers that has that mindset and eventually they will develop bad traits such as addiction or desperation making them to keep on playing, which they are not being aware of their current situation and later on will notice it when its too late. Gambling can be a source of miracle and also misery, so if you know you are not lucky then dont keep on hoping to eventually have a good life because of gambling, so better know your limit and stand in life before you get too emersed in playing gambling.

It can also be tagged false loyalty towards a wrong gambling knowledge. Have thought about the need to also let go our losses and focus on a brief day rest to re-strategize. The player who led a newbie to gambling would stand with lots of percentage of the players thought whenever he's gambling. He'd play accordingly to what he was told by the person who held his hand to show him gambling. The uniqueness in gambling began with the difference of players and what who introduced them to the organization shared with them. Players that have made friends or followers online will find it a little worrying to achieve a well defined gambling strategy.

[goaldigger]

Most gamblers are risk-takers; some are unnecessarily greedy, and some don't have any idea what they are doing. It's their money; let them do what they please. It's not all gamblers that gamble in such a manner; some responsible gamblers are usually very careful and smart when making predictions, and some of those people who are addicted gamblers can usually make such miscalculations. Some people, too, who are gambling for fun, can actually make crazy predictions as if they don't care whether they lose or gain.

Rich people will not care that much about the risk especially in gambling where they place the bet all the time without even thinking for a possible negative result of it, we are talking about rich people here and they have the money to gamble with. We cannot dictate anyone on what to do in gamble, let them be and they will only realize those mistakes once they hit the bottom, and that is the only time for them to realize the risk.

[serjent05]

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.

Addiction, people who always do this are not doing it because they think it is the best way for betting, they are doing it because they are addicted and they can not help it but continue to gamble until they have lost everything that they have then go broke.

It is not entirely true that these kind of people are addicted to gambling, people somehow are fond of taking high-risk bet with their fund while implementing bankroll management.  Taking high risk bet and gambling addiction is very different, let alone miscalculated gambling risk.  Miscalculated risk is an error in approaching or weighing which team to bet, the odds and other factors.  It can be fixed eventually and does not need gambling treatment unlike gambling addiction.

Addiction is what make some people that you would be excepting them to know the rules of gambling and know how they can be very professional and make it very profitable yet you see them always struggling to keep up despite having alot of experience and money from gambling. Taking calculated risk helps in risk management and if you are gambling without being considerate about the money that you are wasting, you are not going to have a successful gambling career.

Addiction is just simply getting out of control of one's urges.  Like when a person becomes a gambling addict, he can't control his urge to gamble. When a person is a gambling addict it is not a matter of miscalculation anymore but how can he gamble the whole time.  So I do not think that an addicted gambling player is able to approach his gambling activities with calculated risk since he will be gambling until his funds is exhausted anyway.


I agree with @OP's title that it is very essential to avoid miscalculated risk since our bankroll and funds relies on every decision we made.  This can be solve by digging deeper on the competing team and have a realistic approach on the possible odds.  Winning a huge amount of money is really good but if we tend to make an unrealistic prediction on the odds of the match then we will end up losing.

[Russlenat]

Rich people will not care that much about the risk especially in gambling where they place the bet all the time without even thinking for a possible negative result of it, we are talking about rich people here and they have the money to gamble with. We cannot dictate anyone on what to do in gamble, let them be and they will only realize those mistakes once they hit the bottom, and that is the only time for them to realize the risk.

We don't use the "rich people" to differentiate among gamblers because even if they are rich, they could still go bankrupt anytime. I mean, when you are rich, that would also mean you will be betting a huge amount of money, just like Drake, who is a millionaire but look at the bets he has lost. That's a lot of money if it will be added up, and if that continues to happen, in no time he'll go bankrupt.

We will only be safe in gambling if we have unlimited money, which is impossible. So that means everyone is at risk of losing everything they have in gambling, regardless of their financial situation.

[Mr. Magkaisa]

         -   Even if we say that you are wise to bet and gamble in any casino, if you are unlucky in gambling on the day you played, for sure you will not win. You know what I mean, mate.
But even if you are not wise to bet on gambling, if you are lucky on the day you gambled, no matter what game you choose, for sure you will win everything you bet on.

Because there are instances like that, sometimes you can really think that the gambling battle is really just luck. Even if the capital you put into gambling is small, you will suddenly win a large amount. That is what gamblers usually believe that they will experience and that they will be lucky on the day of gambling.

[Dr.Bitcoin_Strange]

Most gamblers are risk-takers; some are unnecessarily greedy, and some don't have any idea what they are doing. It's their money; let them do what they please. It's not all gamblers that gamble in such a manner; some responsible gamblers are usually very careful and smart when making predictions, and some of those people who are addicted gamblers can usually make such miscalculations. Some people, too, who are gambling for fun, can actually make crazy predictions as if they don't care whether they lose or gain.

Rich people will not care that much about the risk especially in gambling where they place the bet all the time without even thinking for a possible negative result of it, we are talking about rich people here and they have the money to gamble with. We cannot dictate anyone on what to do in gamble, let them be and they will only realize those mistakes once they hit the bottom, and that is the only time for them to realize the risk.

Do you mean all rich people do that? If that's what you mean, no, I don't think so. I already get the point you are driving at, and yes, you are right, but it's not all rich gamblers who will just make predictions like they don't care. I know we have talked about how some rich people are only gambling for fun, but the fact also stands that there are still some rich dudes who are very interested in making a profit from gambling, and they cannot make this kind of joke or prediction. They are usually very careful and will only bet on low odds, which they believe can be successful.

[Blitzboy]

In general – when a gambler has a high imagination of winning big, then they will find it difficult to have the right mindset. Greed has led them to the point where they ultimately fail to make wise decisions – this is the beginning of destruction. What's worse - they never even consider those small wins worth achieving, which means they no longer have any value at all to them.

Greed is the main problem, everyone has a greedy nature but has their own level.
I have also been in a moment where the victory has been achieved with a fairly large jackpot,

but unfortunately that greedy nature arises that in the end I risk the victory that I should have taken.
In the end it was just a defeat and only half the victory I could have saved.

It's hard to overcome that greed if it's already at the top, making impulsive bets like I said will give bad results.

Small wins will indeed be worthless and even only hope for big wins, even though small wins obtained repeatedly will be better.

You can get caught up in the moment and feel invincible. Thats losing mindset. The real victors know its not about one big score. The key is clever, consistent plays. Discipline matters. You must know when to leave, even when on a roll.

That separates lucky winners from successful entrepreneurs. Stack modest wins. Build substantially. Avoid the next excitement; establish a promising future. Its not simply gambling. This is about life. You must recognize your limitations and control your impulses. The key is creating a winning approach and sticking to it. I've seen everything. I know winning strategies. And its not about winning a jackpot. To turn one win into a lifetime of achievement requires discipline.

[Accardo]

Rich people will not care that much about the risk especially in gambling where they place the bet all the time without even thinking for a possible negative result of it, we are talking about rich people here and they have the money to gamble with. We cannot dictate anyone on what to do in gamble, let them be and they will only realize those mistakes once they hit the bottom, and that is the only time for them to realize the risk.

We don't use the "rich people" to differentiate among gamblers because even if they are rich, they could still go bankrupt anytime. I mean, when you are rich, that would also mean you will be betting a huge amount of money, just like Drake, who is a millionaire but look at the bets he has lost. That's a lot of money if it will be added up, and if that continues to happen, in no time he'll go bankrupt.

We will only be safe in gambling if we have unlimited money, which is impossible. So that means everyone is at risk of losing everything they have in gambling, regardless of their financial situation.

Yeah artist also go bankrupt and even borrow after losing out lots of money through gambling. But, it's unfair to tag artists as rich people. I think the elite are actually called the rich. What would you call the boss to Drake? Gambling however shouldn't be categorized amongst any set of people alone. The rich and poor people have similar fates in gambling. Which enable them to make good and bad decisions.

We can't assume that the rich because they have some money, mistakes wouldn't be found in them. Predictions could work for a low roller and not for a high roller. On the long run if players are neglected and not told about their mistakes like the first member said, it'll cause lots of troubles in the society. Truly, lots of players need help to get around the tricky mistakes associated with gambling.

[Ojima-ojo]

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.

Risk is gambling is same with risk in trading most especially if you are trading on either deravatives or leverage trading where your entire equity could get liquidated because at a point you have to make the decision either to avoid greed and take profits no matter how little it is instead of using high leverage.


 Gambler's most time believe that the higher they risk, the better and quicker they are to making the desired big hit, this greed characteristic have made many to lose substantial amount because the house will always be at advantage against the gambler that is why one should gamble only the amount you are ready to lose.

[carlfebz2]

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.

Risk is gambling is same with risk in trading most especially if you are trading on either deravatives or leverage trading where your entire equity could get liquidated because at a point you have to make the decision either to avoid greed and take profits no matter how little it is instead of using high leverage.


 Gambler's most time believe that the higher they risk, the better and quicker they are to making the desired big hit, this greed characteristic have made many to lose substantial amount because the house will always be at advantage against the gambler that is why one should gamble only the amount you are ready to lose.

Nope, risks in gambling is even more in compared into the risks that you are really that putting in trading on which we know that trading isnt something that you could really be treated out to be as entertainment or leisure on which you could really be able to take advantage with trading if you do really know on what you are doing and this is something that you would really be needing up to consider in this kind of approach
on which trading is something that cant really be having that gambler like mind or behavior or decision making but since we are talking about calculating risk in gambling then the only key on here is that you should really be just that only make use of the amount that you can afford to lose. Never ever make yourself having that kind of gambler like approach when you do make trading and on gambling then its just
for leisure purpose and not something that you can make income.

[Casdinyard]

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.

  Here's the thing. When you gamble you will always going to be hit with the urge to go big or go home, and oftentimes the urge only stockpiles even more the more that you deny answering it. That's what happens to me at the very least. So what I did to make sure that I am able to really follow my gambling style, and still remain afloat, is incorporate a betting system that would make sure I don't lose money one way or another, and a larger bet size that would satisfy my adrenaline rush needs.

Now I'm not saying people should follow behind my footsteps, since people's capacity to gamble and their risk levels aren't going to be the same as I, but for those who can ball, do so in moderation and make sure you don't lose money in the process, you can do so by betting and stopping at certain levels. I don't know man, just some food for thought really.

[Zigabel]

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.

In gambling you can never attain the height or level of an expert and that is something most of us fail to understand , I see you call yourself an expert In gambling as delusional because it's practically not possible to be an expert in luck, you only be an expert in a profession or a job or even a skill but in something that is so luck dependent that it has got a 50/50 chance, I don't think it's Ideal to reference one as been an expert and so keep expectations for such a person, rather an experienced Gambler is better as a reference than using expert, an expert in something almost makes no mistake in such so a gambler who is an expert should be winning always but there's never a person who does. Gambling is something we shouldn't do without risk management as that we we stand more chance to loose and so it's always better to make sure to check your risk than trying to be an expert.

[Bitwave01]

Looking at your topic of discussion I am tempted to ask, what is the difference between miscalculated risk and uncalculated risk ?

I am asking this because my father always say '' that it is better you take the risk and it did not work out than you did not take the risk and it works out''