Not taking risks can actually be good?

[LUCKMCFLY]

In my opinion, the main danger of adrenaline rush is that we can go into a state of euphoria and feel a sense of superiority that does not actually exist. This state is very often accompanied by rash actions and disregard for risk management. Moreover, this applies not only to gambling, but also to trading, sports, etc. At such moments, it is easy to make mistakes, so I believe it is very important not to cross that line.

You're right, that's when people feel like they're the luckiest in the World and have the world at their feet, but we have to remember that luck is very volatile and it goes Away ,  just like money, no matter how much you have, it still runs out and those are the pillars of what we should take advantage of all the time, when we are in those moments that are so Rich , we must have the Control and discipline to know how to retire with money, it's difficult, no one said it was Easy, but it's the best.

[tech30338]

In my opinion, the main danger of adrenaline rush is that we can go into a state of euphoria and feel a sense of superiority that does not actually exist. This state is very often accompanied by rash actions and disregard for risk management. Moreover, this applies not only to gambling, but also to trading, sports, etc. At such moments, it is easy to make mistakes, so I believe it is very important not to cross that line.

You're right, that's when people feel like they're the luckiest in the World and have the world at their feet, but we have to remember that luck is very volatile and it goes Away ,  just like money, no matter how much you have, it still runs out and those are the pillars of what we should take advantage of all the time, when we are in those moments that are so Rich , we must have the Control and discipline to know how to retire with money, it's difficult, no one said it was Easy, but it's the best.

Control and discipline this two are the one that will continue a person life at the top, all the rich and wealthy people always have this two, no matter what money they have they still have control and don't let money dictate them, the same reason why people that have less continue to have less, because when they have money they spend it on luxury things, that will not help them grow, but drag them down.

[As-Soon-As]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

The risk mainly depends on the gambler, the more experienced the gambler is as a gambler, the more risk he is capable of taking. Maybe I am weak as a gambler but if I take big risks then of course I will have the highest chance of losing. But this is the most important thing to remember for every gambler, one should take big bets in gambling based on experience, a person I know has been playing for about 18 years and is not that experienced.
But he took big risks and bet and won the first time, later he faced people and bet more than that again and lost all his money. So the lesson to be learned from this is that it is best to bet based on experience as a gambler.

[Samlucky O]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

actually from the link provided above shows that from the risk taking culture, zero risk taking can lead to stagnation, but too much can lead to catastrophe. this means that taking risk is good but becomes crucial when we over do it. so i will say that we can not completely say that we aren't going to take risk, but we are not surely going to overdo it, but it will be a mixture of high and low risk games but not specifically only one strategy. maintaining a balance between both can be very important for a very long time. at least it will be sustainable.

[LUCKMCFLY]

When you have money ready to be spent for other things, this makes it even bad for you.

And that is the main reason why things when playing have to be put into Context as they should be, and it is always before playing you have to have the money that you can lose , if you have that intelligence there will be no problem, you will not spend money that you should not Spend and the person will have fun, whether you win or not is something that you have to know what can happen , if you lose the most logical thing is to accept that you lost and not seek revenge.

[Tungbulu]

You're right, that's when people feel like they're the luckiest in the World and have the world at their feet, but we have to remember that luck is very volatile and it goes Away ,  just like money, no matter how much you have, it still runs out and those are the pillars of what we should take advantage of all the time, when we are in those moments that are so Rich , we must have the Control and discipline to know how to retire with money, it's difficult, no one said it was Easy, but it's the best.

I quite agree with you.
A lot of gamblers feels like the only time to worry about is when one is constantly losing or on a losing streak, and then they forget that it's also worth worrying about, when you're on a winning spree, because this is mostly the moments that raises/boosts the gambler's confidence, and like we all know, it can be very dangerous and has disturbing outcomes when gamblers feels overly confident in themselves or their gambling skills/strategies. It releases some dopamine and this could lead to lack of discipline and risk management and of course severe losses.

[happybitcoinph]

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

It's not even a question.

Low-risk games don't fall into the category of being less risky games. Just imagine with that thinking, you don't realize how much you are already losing in total because you are just playing on low-risk games and not even winning small amounts.

You can't call it gambling without associating it with the term risk.

[harapan]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me.The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

In life what I know is risks taking has so much of a benefits and one can attain some level of success if not taking risks in any way be it small or big. Yeah I agree to the fact that one should risk what they can afford instead of going overboard, so keeping it at low risk can actually save one of big problems later on cause you gamble with what you can afford.

[Dr.Bitcoin_Strange]

A lot of gamblers feels like the only time to worry about is when one is constantly losing or on a losing streak, and then they forget that it's also worth worrying about, when you're on a winning spree, because this is mostly the moments that raises/boosts the gambler's confidence, and like we all know, it can be very dangerous and has disturbing outcomes when gamblers feels overly confident in themselves or their gambling skills/strategies. It releases some dopamine and this could lead to lack of discipline and risk management and of course severe losses.

So, between winning and losing streak which is more riskier and which is more advantageous? I do feel that gamblers can control their self more when they are winning than when losing because during losing streak, they lose their cool and chase after losses but when winning,  they could have intensions of winning more but yet can avoid losing the money back, meanwhile losing streak can cause more harm, no?

[Tungbulu]

So, between winning and losing streak which is more riskier and which is more advantageous? I do feel that gamblers can control their self more when they are winning than when losing because during losing streak, they lose their cool and chase after losses but when winning,  they could have intensions of winning more but yet can avoid losing the money back, meanwhile losing streak can cause more harm, no?

slightly
I quite agree with you. But looking at the situation from a  different angle, nothing makes a gambler feel more motivated to gamble than a winning streak, and this form of boost can easily release dopamine on the gambler which could potentially lead to making some irrational decisions without properly thinking about the potential disadvantages of these decisions. What a gambler is constantly winning or in a winning streak, he'll want to keep winning, thereby making it almost impossible to turn back, so evening when the losses starts coming, it becomes impossible to make a U turn because the gambler is hopeful that the next game would definitely be a win, and I've come to realize that most losing sprees often started in this manner.

[romero121]

What does risking mean? Sacrificing something for the betterment or to attain something better in life. Life without risk will give a steady living, but to reach the next level or move to a better position in society, one needs to take risks. It can be in business or any sort of other activities, not gambling. In my view, gambling is not the right choice to take risks. It is the choice to examine whether you're lucky or not. So, here one should not risk what one can afford to lose. One can spend as if spending on a movie.

[rachael9385]

It all comes down to the strategy that you adopt. As long as you have your gambling budget under control you can adjust how much you make accordingly.

I like to stake low, but can sometimes stake higher $1 or more on slots. This may not be high for most, but it is higher than what I typically stake on slot games.

- Jay -

Risk management is the key to having a better result, a lot of times strategies can end up failing you, the only thing that can reduce your losses is how moderate your stakes are. Just as you said, if your gambling budgets are in control then you don't have anything to worry about. The only time you should worry is when you are gambling wrecklessly. One thing I have learnt so far is to not go beyond my maximum stake

[_BlackStar]

-snip-

Risk management is the key to having a better result, a lot of times strategies can end up failing you, the only thing that can reduce your losses is how moderate your stakes are. Just as you said, if your gambling budgets are in control then you don't have anything to worry about. The only time you should worry is when you are gambling wrecklessly. One thing I have learnt so far is to not go beyond my maximum stake

Limiting yourself and your gambling budget is basically highly recommended - it is mandatory if the gambler does not want to get various problems over time. Gambling is a game that is at risk of losing - not only about money, but time and also a healthy mindset. Uncontrollable gambling addiction often makes gamblers desperate and they cannot get out of the zone easily - but realizing it early on by limiting the budget is a good step.

Most of them gamble for fun - but in fact their goals change over time and they plan to profit from gambling. I don't blame everyone for their goals - but it's best to set limits and do everything with consideration.

[AYOBA]

Control and discipline this two are the one that will continue a person life at the top, all the rich and wealthy people always have this two, no matter what money they have they still have control and don't let money dictate them, the same reason why people that have less continue to have less, because when they have money they spend it on luxury things, that will not help them grow, but drag them down.

Normal life is good for a person to have these two things: both the discipline and the control, especially the control. If a person has control over whatever they are doing, it will save them from having issues. But some of the people lack those things; that’s why most of them fail, and it commonly happens to them in gambling.

Because they refuse to get a little experience about the gambling, and even though the gambling doesn’t deserve knowledge, at least it’s good to have even a little experience to avoid losing a lot. Honestly, even those rich people we’re seeing, they plan well; that’s why they’re able to be wealthy today and spend their money on luxury things.

[Yamifoud]

It was impossible in gambling. But if you are just gambling with your extra money, that is very okay. Unfortunately, the common problem for most of us is that we break our limitations. Supposedly, we are just about to use a certain amount, but we tend to use more due to uncontrolled behavior.

It is about knowing that gambling is full of temptation. That is why we should deal with this carefully and think about whether we can manage ourselves or not. Otherwise, the best thing we can do is to stop gambling.

[Sonia_123]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

Life is all about risk taking whoever is not ready to take risk in his/her life is not ready to make it and be successful in life .
Risk taking gives you the strength and zeal to pass through difficulties in the labour market .
Gamblers are risk takers and so any gambler that is not ready for risk taken should not attempt gambling at all because gambling is full of risk and you have to take it and be patience with it, if you will win or not and so gambling is risky, therefore you gamble with what you can afford to risk that will not come back to you, a gambler that is not ready to take risk is not a real gambler but an observer .

[ralle14]

It's always better to take those low-risk opportunities, like the promotions that casinos release every few months. The only downside is that you might get limited by the casinos if you take one too many of their promotions.

Sticking to big risks for the most part isn't something i'd recommend unless you're the type of gambler who can endure and accept losses easily and move on.

[tsaroz]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

Everything revolves around making a balance between risk and reward. Every investment has its own reward level that is directly proportional to the risks involved. Be it on saving on bank, bonds, stocks, crypto investment or gambling. It doesn't necessarily mean that low reward options are 100% safe but they are many degree safer the the high risk ones.
Gambling is similar but you get the results quicker, in matters of seconds in some casino games. You might be virtually safer if you go on very low odds like 1.01 always. But a couple of mishaps in like 200 games and you are exactly where you started.
Just like other investment, I suggest people to diversify their risks, this way you would have at least some wins and might even get some big wins now and than and its lot more fun than losing it quicker on a single bet or event.

[DaNNy001]

I haven't seen someone who takes a big risk in gambling who tells the story of their risk in a good way that it pays off for others to learn from. What you hear mostly from them is bitter complaints about the big losses they have made in gambling.

Those of us who don't risk much in gambling tell the good side of gambling to be fun. When we tell others about our losses and small wins, people won't feel pity for us instead they will like to gamble like us, with little money, so that they will have many years to enjoy gambling without fear of financial bankruptcy compared to those who risk their money to make a fortune from gambling

Some people have actually made progress from a big risk they took, generalizing it isn't really accurate... everyone's experience with gambling isn't the same and the honest truth is that not everyone is going to win...some people have flipped thousands of dollars and they lost it some have flipped the same amount and they won from it , it's hard to know what the outcome would be so it's best to play it safe

[Stormisover]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

The risk mainly depends on the gambler, the more experienced the gambler is as a gambler, the more risk he is capable of taking. Maybe I am weak as a gambler but if I take big risks then of course I will have the highest chance of losing. But this is the most important thing to remember for every gambler, one should take big bets in gambling based on experience, a person I know has been playing for about 18 years and is not that experienced.
But he took big risks and bet and won the first time, later he faced people and bet more than that again and lost all his money. So the lesson to be learned from this is that it is best to bet based on experience as a gambler.

I think in gambling taking risk is actually the most important role, wether you stake high or low the fact is they are all risk, what if being afraid of losing more then you settle for low stake and keep losing, maybe before you might get a win you've lost more than what you are about to win, note there are some winning we consider as winners lose, like with you settling for lower stakes you've lost more than you expect then when finally have a win it's not equal to what you've lost, and that alone can make you regret at last for not staking high on that particular game, and note while gambling luck might be on your side for the first few minutes you might spend there, and you being a low staker will regret every of your winning that moment, but imagine staking high one of two winning can make you leave there with a heart full of joy, so in my opinion high stake and low stake they are all risk so you have to make it more beneficial while gambling.