Not taking risks can actually be good?

[kotajikikox]

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?

[un_rank]

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 -

[Charles-Tim]

Taking big risk is not a way to go at all because it is not ending good with more than 99% people or more and the negative aspect of it is very bad and ugly. People should think of the negative side of it and not go for high risk taking.

This is not about the games themselves or the bet but the amount of money used for the gambling or betting. You can go for high risk games as long as you use small amount of money for it, an amount of money that you can afford to lose.

[Frankolala]

It's good that when you're gambling you know how to limit your losses and reduce the risk attached to gambling. If you are after big wins, you will end up in big losses, and vice-versa. People fail to understand that gambling is not a guarantee for profit but a guarantee for losses because the house edge will always win and casinos are out there for business.

[Ivystar5]

In life generally it's risky not to take risk but if you're on a budget on gambling it's very good to take risk because it wouldn't affect your daily life after the risk if you loss it will only stop you from Gambling more than you would want to do but if you take it outside the budget then it's definitely going to affect you.

But not taking risk in my opinion is not any way good because it limits you from opportunities that you would have gotten if you risk it. imagine you took the risk and you life changed wouldn't if be nice? in my opinion it's because to take the risk in a budget instead.

[Alphakilo]

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?

I reckon try the two - taking low risks and taking high risks and developing the risk management strategy for both scenarios. One of the viable risk management strategies that you will learn is to know when is the best time and situation to take which type of risk.

Risks is inevitable. As the famous line goes - No guts, no glory.

[Awaklara]

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 gambling, if you take high risks, then your chances of losing will be higher. You can take risks or increase your bets when you are sure that your chances of winning are good enough. You should set your bets according to your ability.
There are gamblers who do take risks by betting bigger, but still try not to do it too much. Every gambler has their own way to enjoy their bets. I will enjoy low-risk games more, even though I win a small amount.

[retreat]

It depends on the gambler, if he wants to make his bankroll last longer and lower risk, then he can gamble with a lower amount. But maybe there are some gamblers who prefer to take big risks, then maybe he will gamble more money.. but big risks mean his chances of losing money are higher, and he might lose his money in one game, whether it is worth it or not depends on the gambler, but usually most gamblers who take big risks will end up with big losses too, so gamblers need to think about the impact of the decisions they make, don't let it make them stressed and make stupid decisions.

[Floxynice]

Can we really avoid taking risks? In our businesses, investments, and every aspect of life, there are risks involved and gambling is no exception. While talking about the negative effects gambling has had on gamblers, we should not always fail to mention the news we've read online and the people in our neighbourhood who have gotten a lifetime opportunity through gambling. People hate gambling because it's too risky and will always paint it black as much as they want.

The focus should be on spreading knowledge about responsible gambling. Instead of avoiding risks entirely, pick only smaller risks you can handle. It is only a greedy gambler that will go for what is bigger than him.

[Cantsay]

I’d recommend shuffling both those of low risk and that big high risk - don’t just focus on one and neglect the other totally. It’s okay to minimize the amount you’re risking in gambling but once in a while it’s not that bad to increase the risk and see if you’ll be able to make something good out of it - but you should be cautious so you don’t make it an habit of always increasing your risk, remember not everyone has the same risk tolerance and because Mr A does X as his way of increasing his risk doesn’t mean you should also do the same.

There are people out there who made it big by risking small while there are some who had to increase their risk significantly before they could make something nice off of gambling - so shuffling in between might just be the best way to figure out which of them you’d be lucky to hit big in.

[Wiwo]

Taking big risk is not a way to go at all because it is not ending good with more than 99% people or more and the negative aspect of it is very bad and ugly. People should think of the negative side of it and not go for high risk taking.

This is not about the games themselves or the bet but the amount of money used for the gambling or betting. You can go for high risk games as long as you use small amount of money for it, an amount of money that you can afford to lose.

Yes since any game or bet can become a lose bet, staking high amount will automatically end you up in bankruptcy so there is no need to risk big in gambling since gambling results are unpredictable.

Is always wise to risk a small amount of money, if it means you can risk such small amount steadily depending on your luck ratios in the games, that way, you will be at a safer side.

[Maslate]

There’s really no such thing as zero risk when it comes to gambling. If you don’t want to take any risks, then just don’t gamble, or maybe just earn from gambling by being an affiliate, since that’s pretty much risk-free. Because, once you’re putting your own money on the line, that’s already a risk. Even casinos are taking risks, but the difference is they have the edge, so they end up winning against most gamblers like us.

Honestly, I think the article you shared doesn’t fully capture the reality of gambling. Every time we place a bet, we’re always taking on risk.. risk of losing, risk of getting addicted, and so on.

[HONDACD125]

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?

Taking risks doesn't mean having a $20 budget and losing it by placing $0.1 bets; that's normal gambling, and most people do that. Risk-taking is when you spend more money than you should or even can afford to lose with the hope that you might win and have double the amount, and then enjoy. When someone puts at stake something that they can't lose, they are taking the risk, and that's exactly how it works in gambling too.

In my opinion, I do agree that not taking risks is much better, and it's true that taking huge risks can be devastating because gambling is a game of luck, and you can't take risks on something where you know the chances of you winning or losing are 50-50, which means you that you can win, but you can also lose and they have equal odds which makes it too much of a risk to take.

I wouldn't even take a big risk if my chances of losing are 5% because I have seen people losing bets with 99% winning probability, and that's how bad gambling can be sometimes.

[Nwada001]

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

This said it all, and it can be applied in every area of life and hustle, not just gambling, which should be for both fun and profit-making, but I would rather prefer to go with the analogy where I don't risk at all and don't reap the benefit that comes with risking than risking big and losing it all. They said no risk, no gain, but it's not always that way. If we must risk, we should risk on a minimal level; applying some safety measures will help keep the person on track so that the risk won't kill the person.

[Altryist]

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?

It is definitely better to minimize any risks which means leaving no room for luck to decide anything instead of you. You need to have a clear algorithm of how you will act in any situation and to minimize risk you should never play with big bets. One bet should only be a small percentage of your deposit no matter how confident you are about this bet.

I understand how many people want to take a risk and hope that they will be lucky. Yes and some will be lucky. But if you play with big bets your luck will run out very quickly. Sooner or later you will hit a loss which will be very hard to recover from. So full control and minimum risks are what will help you sleep well and stay away from heavy losses.

[Odusko]

Risk have double faces, you see the bad face and the good face, you can only be right in your assumption about risk when you experience the bad face of risk, that is you go in with big amount of risk that you can not bear if you get unlucky to lose, while on the other hand, you can hit a jackpot just by taking that one time high risks, so it depends on the angle you looking at things from to see what risk is in the right perspective.

[Ultegra134]

I don't think there's a go-to strategy that can fulfill all gamblers, or even real-life scenarios perhaps, not even each one of us individually. Sometimes taking bigger risks works out, while other times it doesn't, and the opposite also applies: taking small risks may sometimes pay off, while other times it doesn't. From my perspective, a combination of both is often what yields the best results. As long as you're within budget and you're accustomed to the idea that you may lose money in the long run, I believe you're responsible and safe within your habits.

[DaNNy001]

Gambling and risk taking cannot be separated but there's a way that you can be smart about it, instead of going all in you can actually take calculated risks. Some gamblers take too much risks that lead to a lot of disastrous situations... personally I don't think taking too much risk is good, it's capable of causing more harm than good, it's wise to always apply moderation in everything you do especially gambling

[Felicity_Tide]

~snip

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?

I'm not sure of how to answer this now, since our risk differs from each other. Wether you take a big risk, or you take a small risk, you still end up taking a risk, which determines what you are aiming for. A person that assumes that a bet might go in his/her favour might be tempted to risk bigger amount inorder to get a bigger reward, which isn't bad from every sense of gambling. But I guess everyone knows the consequences of betting with some big.

I personally try to play safe most often by risking with smaller amounts rather than bigger amounts. I'm not a fan of huge wins, so I don't bother going all in, knowing fully well that it cost more to do so.

[Pi-network314159]

Taking big risk is not a way to go at all because it is not ending good with more than 99% people or more and the negative aspect of it is very bad and ugly. People should think of the negative side of it and not go for high risk taking.

That's actually true, and quit pretty sure but the fact is that some people like taking risk despite knowing the outcome is highly risky. Some people believe in the slogan that say it is better to leave for something than die for nothing. And this is referring to taking risk than not taking atol.  I could remember some of my guys who like only a single game with a reasonable odd to risk high than accumulating thousands of odd with lesser amount because they feel that is laziness. So guys always figure out easy way for them. As what you see as risk may not be for them.