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Author Topic: Risk or regret? (2)  (Read 1688 times)
EarnOnVictor
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August 25, 2024, 03:19:34 PM
 #181

Considering risk and regret, which do you think will be the most painful for a gambler?
The risks and regrets are subjective, so it depends on the gambler and the context in which they are used, and they could be both painful with almost the same magnitude.

Risk: Wrong risk will definitely be painful especially if the gambler loses and could be aggravated if a huge amount void of proper management is involved. While the right risk is less painful because it can't be associated with a big risk and the gambler must have understood the risk he is taking.

Regret: It may also come in several ways and magnitude. You might regret if you take a risk when the outcome is negative and you might regret when you refuse to take a risk when your intended option and outcome come as you wanted.

Above all, risk and regret can be used interchangeably in gambling, notwithstanding, it's better you missed the opportunity rather than regretting later out of mistakes and senseless risk-taking.

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August 25, 2024, 03:57:44 PM
 #182

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?
From expressions of the gamblers I have cut across I think that of a pain out of  regret has been much severe than pains from losing a bet due to a risk taken. In fact we take risk everytime we set out to gamble so we've got to get use of pains from risk. But that of a pain from a winning that would have changed your life and you missed it, the regret gonna stay there for a long time before you get over it. Am saying this out of experience. It's like an opportunity missed, it's had to handle and accept it that you have missed a life charger while people around you took up the chance.

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August 25, 2024, 04:05:23 PM
 #183

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?
From expressions of the gamblers I have cut across I think that of a pain out of  regret has been much severe than pains from losing a bet due to a risk taken. In fact we take risk everytime we set out to gamble so we've got to get use of pains from risk. But that of a pain from a winning that would have changed your life and you missed it, the regret gonna stay there for a long time before you get over it. Am saying this out of experience. It's like an opportunity missed, it's had to handle and accept it that you have missed a life charger while people around you took up the chance.

Assuming that the topic consider a life changing amount on the regret then I totally agree with this statement since all the lose can be ignored after a few days or weeks of abstaining gambling while missing the opportunity to win life changing amount will always remain forever the pain.

I still have this kind of what if regrets until now since I do have a chance to become a millionaire before if I didn’t sold my early crypto holdings in the past. This is same when you have an opportunity missed if you already have a chance to get it.

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Dr.Bitcoin_Strange
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August 25, 2024, 05:31:19 PM
 #184

Regrets are an important part of being a human. And where there are regrets, it usually comes in the end and not at first. That's why sometimes regrets are unavoidable since you have less control on it or you might have the control but you didn't take the risk, that's also something that is common in a human being. If you don't take the risk and end up profitable in the end, regrets are there, simply because no one knew that it will be the outcome then.


Do you think it's something that's really of any importance to humans? I don't think so, but rather, it's something that is inevitable, but it's mostly uncontrollable in some situations. Just like you mentioned, we cannot have control over it, but there are some situations where one can actually avoid it, but because of ignorance, they will do something that they have been warned not to do, and when the consequences of their action start, they will then start regretting it. 

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August 25, 2024, 06:23:54 PM
 #185

Regrets are an important part of being a human. And where there are regrets, it usually comes in the end and not at first. That's why sometimes regrets are unavoidable since you have less control on it or you might have the control but you didn't take the risk, that's also something that is common in a human being. If you don't take the risk and end up profitable in the end, regrets are there, simply because no one knew that it will be the outcome then.


Do you think it's something that's really of any importance to humans? I don't think so, but rather, it's something that is inevitable, but it's mostly uncontrollable in some situations. Just like you mentioned, we cannot have control over it, but there are some situations where one can actually avoid it, but because of ignorance, they will do something that they have been warned not to do, and when the consequences of their action start, they will then start regretting it. 

I think the point is that as long as humans are in a normal stage of thinking (except having a mental disorder) then regret will always be something that can never be completely avoided, we are no more than ordinary humans who do not always know about what is likely to happen in any case, meaning regret will always be something that is certain to be felt. Ignorance will always drive curiosity and when the action is not accompanied by the ability to accept the consequences of the risk then regret will occur, meaning in my opinion there are two ways to avoid regret, namely either you do nothing or you prepare yourself from the start to accept anything that will happen that you did not know before.

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August 25, 2024, 06:29:47 PM
 #186

Regrets are an important part of being a human. And where there are regrets, it usually comes in the end and not at first. That's why sometimes regrets are unavoidable since you have less control on it or you might have the control but you didn't take the risk, that's also something that is common in a human being. If you don't take the risk and end up profitable in the end, regrets are there, simply because no one knew that it will be the outcome then.


Do you think it's something that's really of any importance to humans? I don't think so, but rather, it's something that is inevitable, but it's mostly uncontrollable in some situations. Just like you mentioned, we cannot have control over it, but there are some situations where one can actually avoid it, but because of ignorance, they will do something that they have been warned not to do, and when the consequences of their action start, they will then start regretting it. 


I agree. It will happen, but it's not because we want it to or because it's natural, but because we are not in charge Grin

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August 25, 2024, 06:41:44 PM
 #187

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?
From expressions of the gamblers I have cut across I think that of a pain out of  regret has been much severe than pains from losing a bet due to a risk taken. In fact we take risk everytime we set out to gamble so we've got to get use of pains from risk. But that of a pain from a winning that would have changed your life and you missed it, the regret gonna stay there for a long time before you get over it. Am saying this out of experience. It's like an opportunity missed, it's had to handle and accept it that you have missed a life charger while people around you took up the chance.
The answer to the question will be based on individual experience and the amount that was lost or would have been won. I will regret more if I lose since money is already involved. Betting with a huge amount and losing is very painful, especially when you have confidence that you will win the bet. The pain of losing an opportunity to win big because of fear of taking risks is painful, but it wouldn't last for a long time. Since I didn't lose any funds, in a few days, I might overcome the pain. Although I might still recall it once in a while every gambler should believe that the future is better. There will always be more opportunities to win big if you don't give up.

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August 25, 2024, 07:36:46 PM
 #188

By the way, today I planned to bet on Real (with or without a handicap, I was not completely sure) but I did not have time to do it either. I had almost no doubt that Real would win (it is impossible for two favorites to consistently perform below expectations). So today I can regret the missed opportunity but now is the very beginning of the season so I will go on knowing that there are a lot of opportunities ahead.

Yea, in sports games, if you miss an opportunity, you must not kill yourself for it because there would still come another game that can really play according to your prediction if you still stake on it. Sometimes one could still risk a certain amount in some bet and still lose it. That's when they will start to regret why they had to risk such an amount, and if it's in a situation where they also did not stake in the game and it played as they must have predicted, they will still regret why they never played the game. Human being is not usually satisfied with any result that they get; if they knew, they could have gotten more. 
Regrets are an important part of being a human. And where there are regrets, it usually comes in the end and not at first. That's why sometimes regrets are unavoidable since you have less control on it or you might have the control but you didn't take the risk, that's also something that is common in a human being. If you don't take the risk and end up profitable in the end, regrets are there, simply because no one knew that it will be the outcome then.
In general people regret way more a missed chance than a risk taken, and this is because when it comes to the risk you took, at least you can find solace in the fact that you tried your best despite your failure, but when it comes to the missed opportunities, you will always wonder what it may have happened if you took your chances, which is why if the risk you face is on the low side, it is preferable to take the risk as there is a chance that things could turn in your favor and you may get what you want.
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August 25, 2024, 07:57:39 PM
 #189

Considering risk and regret, which do you think will be the most painful for a gambler?
The risks and regrets are subjective, so it depends on the gambler and the context in which they are used, and they could be both painful with almost the same magnitude.

Risk: Wrong risk will definitely be painful especially if the gambler loses and could be aggravated if a huge amount void of proper management is involved. While the right risk is less painful because it can't be associated with a big risk and the gambler must have understood the risk he is taking.

Regret: It may also come in several ways and magnitude. You might regret if you take a risk when the outcome is negative and you might regret when you refuse to take a risk when your intended option and outcome come as you wanted.

Above all, risk and regret can be used interchangeably in gambling, notwithstanding, it's better you missed the opportunity rather than regretting later out of mistakes and senseless risk-taking.

You are correct that risk and regret in betting are highly subjective and can be equally painful depending on the situation. However, one must keep in mind that both can be steered clear of, or at least minimized, with a more measured and thoughtful approach.

Risk-taking is part of gambling, but it can be curbed by being well informed about your limits and proper management. Regret typically results from imprudent actions; most of the time, regret stems from acting without thought. Hence, it is wiser to be prudent in decision-making than to have avoidable regrets come later on a platter.

Ultimately gambling should be, done with a full awareness of the downside and not just chasing opportunities uncalculated risks.

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August 25, 2024, 08:11:05 PM
 #190

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?
From expressions of the gamblers I have cut across I think that of a pain out of  regret has been much severe than pains from losing a bet due to a risk taken. In fact we take risk everytime we set out to gamble so we've got to get use of pains from risk. But that of a pain from a winning that would have changed your life and you missed it, the regret gonna stay there for a long time before you get over it. Am saying this out of experience. It's like an opportunity missed, it's had to handle and accept it that you have missed a life charger while people around you took up the chance.
Gambling and risk goes hand in hand and for sure it worth getting used to because when we are used to that pain of loses from our risk, the impact on our mental health will be less, unlike those that risk with the mentality of winning and also risking more than they can afford to lose, those in that category will face more pain when they lose along the lines they become pained to the point of losing it even more than just regret, because at times some of those gambler's may even go as far as borrowing money just to take that risk which at most will definitely put the in a tite corner when they expectations failed, when it comes to cryptocurrency gambling, there is the need to always take calculated risk and not just jumping on anything based on greed because greed can only lead to frustrating outcome at most times.

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August 25, 2024, 08:14:10 PM
 #191

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?
From expressions of the gamblers I have cut across I think that of a pain out of  regret has been much severe than pains from losing a bet due to a risk taken. In fact we take risk everytime we set out to gamble so we've got to get use of pains from risk. But that of a pain from a winning that would have changed your life and you missed it, the regret gonna stay there for a long time before you get over it. Am saying this out of experience. It's like an opportunity missed, it's had to handle and accept it that you have missed a life charger while people around you took up the chance.
Your right. It's preferable a gamblers to accept the fact that they lose a bet when they gamble knowing full well that they may win or lose from the beginning than having to not bet the game and at the end of the day the game later played. The regret of not staking the game will be more painful but one cannot predict when a game will play that is why most gamblers fall victim to this kind of situation.

There are several reasons why people end up regretting gambling which is because they did not play the game because they are low on finances or they missed the period. A missed opportunity for life-changing experience can never  be forgetting.

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August 25, 2024, 08:17:44 PM
 #192

All the gamblers will go for the regret because already we al know that gambling is risky so there is nothing to be afraid of. And it will be painful if you didn't risk the fund to play and someone bet or play the game and win exactly the way your were thinking of to play.
Gambling is risk event so whoever involved in it supposed know that so that you won't have the heart attack.

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August 25, 2024, 08:32:36 PM
 #193

Regrets are an important part of being a human. And where there are regrets, it usually comes in the end and not at first. That's why sometimes regrets are unavoidable since you have less control on it or you might have the control but you didn't take the risk, that's also something that is common in a human being. If you don't take the risk and end up profitable in the end, regrets are there, simply because no one knew that it will be the outcome then.
Is regret an important part of our lives? Sometimes, in most cases, I consider it a punishment for not making the right decision, but in most cases, I also see it as something that tells us that we are still alive and can still reconsider the decision we have made in the past.
 
Whichever way I consider it, if it’s possible for us to avoid experiencing regret, we should avoid it, even as in most cases, it creates room for opportunity compared to taking a risk, which will burn out the amount used to place the bet.

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August 25, 2024, 08:47:26 PM
 #194

Considering risk and regret, which do you think will be the most painful for a gambler?
The risks and regrets are subjective, so it depends on the gambler and the context in which they are used, and they could be both painful with almost the same magnitude.

Risk: Wrong risk will definitely be painful especially if the gambler loses and could be aggravated if a huge amount void of proper management is involved. While the right risk is less painful because it can't be associated with a big risk and the gambler must have understood the risk he is taking.

Regret: It may also come in several ways and magnitude. You might regret if you take a risk when the outcome is negative and you might regret when you refuse to take a risk when your intended option and outcome come as you wanted.

Above all, risk and regret can be used interchangeably in gambling, notwithstanding, it's better you missed the opportunity rather than regretting later out of mistakes and senseless risk-taking.
Every risk can lead to regret, and every regret was once a risk you took. It's that simple. A smart gambler gets this. They don't fear the high stakes; they embrace them. They're prepared. The real pain of gambling isn't losing money; it's the gap between what you wanted and what you got

Regret? That's your teacher, harsh as hell, but it'll make you better. Learn from it. Use it to make smarter bets next time. Supporting "healthy" gambling means teaching people to gamble smart. It's about strategy, not luck. It's about knowing yourself, your limits, and your desires. Gambling can be a vice, sure. But it can also teach you about money, about people, and most importantly, about yourself

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August 25, 2024, 09:27:48 PM
 #195

Regrets are an important part of being a human. And where there are regrets, it usually comes in the end and not at first. That's why sometimes regrets are unavoidable since you have less control on it or you might have the control but you didn't take the risk, that's also something that is common in a human being. If you don't take the risk and end up profitable in the end, regrets are there, simply because no one knew that it will be the outcome then.


Do you think it's something that's really of any importance to humans? I don't think so, but rather, it's something that is inevitable, but it's mostly uncontrollable in some situations. Just like you mentioned, we cannot have control over it, but there are some situations where one can actually avoid it, but because of ignorance, they will do something that they have been warned not to do, and when the consequences of their action start, they will then start regretting it. 


Who doesn't regret making a terrible mistake that led to losing money or an opportunity to win cash? The real action is to get rid of the recurring thoughts that regret launches on the person's memory. I prefer learning from my mistakes, it helps me plan a better gambling strategy. Reminiscing over a painful past diminishes happiness. And, living in regrets is a chronic illness that could ruin a player's life. Minimizing it can help stabilize the health condition of any player.

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August 25, 2024, 09:35:59 PM
 #196

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?

I don't know for me but there is no pain in rising anything in gambling as long as you do it and practice it in a way the money involved is something I can afford to lose, I can't feel any pain when I lose a dollar. Sometimes in my local currency, I do bet a cent and it do worth something later even if you make a conversion to dollar currency. Just gamble amount you know you can afford to lose and you will be fine with the pain of the risk.

As for the regret, I'm not sure about that as well. Its better to not to gamble and lose your staking power, your judgement should have a reason why you are not doing it and if it's okay by it, if the result turn out the other way round, you should never bother a out it. Perhaps it was never yours to play in the first place, you can't be lucky everytime you know.

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August 25, 2024, 10:13:08 PM
 #197

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?
From expressions of the gamblers I have cut across I think that of a pain out of  regret has been much severe than pains from losing a bet due to a risk taken. In fact we take risk everytime we set out to gamble so we've got to get use of pains from risk. But that of a pain from a winning that would have changed your life and you missed it, the regret gonna stay there for a long time before you get over it. Am saying this out of experience. It's like an opportunity missed, it's had to handle and accept it that you have missed a life charger while people around you took up the chance.
Opportunity they say comes only but once and when missed it almost never comes again that's why it will appear even more painful than an opportunity you did failed at. For gamblers especially those who have gambled for a long time and are used to loosing, they would say they will not be pained by loosing a game as much as a game they didn't place a stake on and it did turned out the game was won, probably it could have been a turning point for them especially for heavy stakes but for a regular Gambler it would have taken care of a bill or the other, putting all this together gets them to feel pained they didn't grab the opportunity when they saw it.

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August 25, 2024, 10:40:30 PM
 #198

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?
From expressions of the gamblers I have cut across I think that of a pain out of  regret has been much severe than pains from losing a bet due to a risk taken. In fact we take risk everytime we set out to gamble so we've got to get use of pains from risk. But that of a pain from a winning that would have changed your life and you missed it, the regret gonna stay there for a long time before you get over it. Am saying this out of experience. It's like an opportunity missed, it's had to handle and accept it that you have missed a life charger while people around you took up the chance.

Assuming that the topic consider a life changing amount on the regret then I totally agree with this statement since all the lose can be ignored after a few days or weeks of abstaining gambling while missing the opportunity to win life changing amount will always remain forever the pain.

I still have this kind of what if regrets until now since I do have a chance to become a millionaire before if I didn’t sold my early crypto holdings in the past. This is same when you have an opportunity missed if you already have a chance to get it.
Many times when we never take the opportunity to bet on a right changing games that would have given us profits, this can be very hard to be forgetton compared to the bets that we lost. Opportunity is not something that we can easily forget that is why we would keep thinking about it and how ones life would have changed entirely. Their are so many bets I have played and never win a dime but I can still remember so many bets I should have taken that could have given me better results making it a remarkable day my life would have changed. I have also learnt to say bye to every  of my regrets, I believe in new opportunities.

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August 25, 2024, 11:18:20 PM
 #199

Regret over a win not claimed is less of a problem to me than a risk gone wrong, especially in such a scenario as gambling. When you gamble not only are you putting money down the line, you're also risking your own mental health even more, especially if you're someone who hasn't steeled their resolve just yet. So while wins not claimed might sound bad, and they are don't get me wrong, I think in the grand scheme of things it's much worse to lose it all in the process since at the end of the day that's money that's gone.

Plus risk is something you can control, the amount of wins you would incur, not so much. That's why risk management is a thing in the first place, you have to play around the risks that you will be facing, to maximize your profits and minimize your losses.

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August 26, 2024, 01:12:59 AM
 #200

Regrets are an important part of being a human. And where there are regrets, it usually comes in the end and not at first. That's why sometimes regrets are unavoidable since you have less control on it or you might have the control but you didn't take the risk, that's also something that is common in a human being. If you don't take the risk and end up profitable in the end, regrets are there, simply because no one knew that it will be the outcome then.
Is regret an important part of our lives? Sometimes, in most cases, I consider it a punishment for not making the right decision, but in most cases, I also see it as something that tells us that we are still alive and can still reconsider the decision we have made in the past.
 
Whichever way I consider it, if it’s possible for us to avoid experiencing regret, we should avoid it, even as in most cases, it creates room for opportunity compared to taking a risk, which will burn out the amount used to place the bet.
Regret isn't important from my own perceptive. There are mistakes or things I did I wish I never did. Although those things made me change and get better, at the same time they left a scar in my heart that I do not forget. The reason why I say regret is not important is because, sometimes it pushes us to do negative things or make the wrong decisions. Imagine a case where we regret not gambling a particular game and then the same played. Another time we may be pushed to bet on a game not because we want to or have made a good analysis of the game but because we remembered that we did not bet the last time and that will make us bet the game and end up losing it.

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