How much risk is it worth taking?

[Mindyspace]

This question comes up all the time, especially when the subject involves money, bets or decisions that can turn out well... or very badly.

Taking risks is part of life. Sometimes it's how we grow, learn and achieve something new. But there are also times when risk can turn into a headache, especially when it comes to gambling.

Is it worth it to gamble without thinking? Or to get caught up in the idea that you'll solve your problems with a stroke of luck? Difficult, right? The truth is that if you're going to take risks, you have to do it consciously. Don't bet what you can't afford to lose.

However, when the risk is well thought out, with limits and strategy, it can even be worth it. The important thing is to know how far you can go without getting lost along the way.

And for you, when does the risk start to no longer be worth it? 

[Odusko]

Fact checked and confirmed that, life is runned on the basis and wing's of risks, most especially when you come to gambling and anything that involves financial dealing and the results, or outcome doesn't depend on you alone but in collaboration with others, so for sure if you don't risk it, you can't get the results you want, but what is important is that, while you are risking it, try as much as possible to take only calculated risks, and and just any risks that comes your ways.

[bitbollo]

All risks are useful are worth to be take if the total sum Is positive at the end. I think its all directly linked on the balance that you have.
Best option Is always to have a budget and a strategy. Be ready for a Plan B but always have a clear plan if you're betting huge amounts/you want reach a profit...

[bitterguy28]

Is it worth it to gamble without thinking? Or to get caught up in the idea that you'll solve your problems with a stroke of luck? Difficult, right? The truth is that if you're going to take risks, you have to do it consciously. Don't bet what you can't afford to lose.

of course not

if you are going to take risks make sure that it is a calculated one otherwise you might end up in the streets with no home, no money or no anything do not risk your whole life by doing something without absolutely thinking about it that is not brave but that is stupidity

[Hispo]

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And for you, when does the risk start to no longer be worth it? 

Well, there is always some degree of risk in everything we do in life, in our daily routine there are several actions which could be taken as risky, but the keys is to k ow how we manage our risk and when we are being reasonable and when we are being reckless with our money or resources.
Since we are implicitly talking about casinos and betting in sports, risk tolerance is unique and depends on each one of the people who gambles and puts their money at stake, there are ones who cannot afford to lose one hundred dollars, while at the same time, there are people whom could call that amount "pocket change".

Taking risk in general is not worth it when there is a good chance it could permanently change your life negatively, in such scenarios we must do our best not to get caught by temptation and listen to our common sense and seek examples of people who have had important losses on casinos and betting houses because they believed that amount of risk was worth it, when it was not at all.

[freedomgo]

When you’re no longer having fun, that’s the point where taking risks just isn’t worth it anymore. You need to stop, otherwise you’ll just keep losing and end up miserable.

We can’t deny the fact that most gamblers lose in the long run. The only thing that really justifies it is the entertainment value we get out of it. So if you’re not even enjoying it anymore, there’s really no point in gambling at all.

[uneng]

And for you, when does the risk start to no longer be worth it? 

The risk doesn't worth for me when I don't have money I can afford to lose. On the other hand, if I have spare money I can use without prejudicing my finances later, I have no problem in trying my luck through gambling, because I know I can recover that money later through another sources of income which don't involve the same risks of gambling. At same time, I can still grow my funds into a bigger amount (in case I'm lucky), while having some fun time.

[mirakal]

All risks create uncertain outcomes. Sometimes you win, but most of the time with gambling, you lose. Now, asked if there risks in gambling can be worth it? It depends on how you initiate and manage the risk.

Otherwise, if you are gambling blindly and is just solely reliant on luck most especially when you are in sports betting, most of the time you will face a negative outcome. But if you are only betting on a small amount and just betting for entertainment, even if the risk is not worth it, still  it won’t be a big deal for you in the end.

[Charles-Tim]

And for you, when does the risk start to no longer be worth it?

When I am spending more than 1% of my weekly income on gambling, I always think it is not worth it. But what I always do is that if I have used more than 1% of my income to gamble, I will not gamble after that time until it averages to 1% of my weekly income after some weeks has passed. But recently I do not gamble often and not using even up to the 1%.

[Agbamoni]

Risk is a must thing in life, so i expect everyone to have been in a situation where they have to take a risk. But risk have different level to which it can affect us and as a human there are people who have not build themselves to the level of managing some kind of risk or recovering from a risk taking.

We need to check ourselves, and know what category of humans we are. What risk can we tolerate and recover from irrespective of the damage it has done. If we know we cannot withstand the effect then those risk are not worth it to us.

[stadus]

And for you, when does the risk start to no longer be worth it?

When I am spending more than 1% of my weekly income on gambling, I always think it is not worth it. But what I always do is that if I have used more than 1% of my income to gamble, I will not gamble after that time until it averages to 1% of my weekly income after some weeks has passed. But recently I do not gamble often and not using even up to the 1%.

You must have a pretty big weekly income to really enjoy that 1% you’re setting aside. For people who are only earning, say, $100 a week, that means their weekly gambling budget is just $1, which honestly doesn’t seem worth it anymore. So basically, if you’re only earning $100 per week and you stick to that kind of budgeting, you really can’t afford to gamble.

[Cantsay]

Second topic about risk in gambling.

Well for me, whenever I feel any slight difference with the fun I’m having, when it start to feel as if I’m about to start stressing myself I’d instantly know that I’ve gotten to my risk tolerance level and anything above that would put a strain on my mental health and that’s one thing I don’t want.

There’s no way you can go through life without taking risks - being alive alone is a risk on its own. You just have to understand what you can tolerate. Don’t compare someone else’s risk to yours; don’t assume that because they could withstand a certain risk, you’ll be able to do the same. If you approach life or gambling with that mindset, you’ll only end up in ruin, chasing outcomes that were never meant for you in the first place.

[lovesmayfamilis]

Risks should always be taken wisely. There are moments in life when a person needs to prove himself, take a risk, and get out of his comfort zone. However, I do not think that you should take risks in gambling if you do not have the amount in your wallet, having lost a part of which you will be in need. Sometimes we see the antics of millionaires, those who risk huge amounts, but not a single normal and thinking rich person will risk all his property. Such actions are most often inherent in fools or people who have lost their minds. It is reasonable to take risks in cases where there is no such obvious probability of losing; perhaps it is too boring, but at least it will not leave a person completely without funds.

[rdluffy]

Nice to see you here @Mindyspace 
In my case, this risk control is very easy
I set a bankroll beforehand and stick to it until the end, without desperate bets or thinking ahead
I do more sports betting, so I set a value for each championship I bet on and stick to it until it's over.
If I run out of money I stop, but it's never come to that
With casino betting I'm also very controlled, I like the fun and I don't have the thought of getting rich betting hehehe

[Fivestar4everMVP]

This question comes up all the time, especially when the subject involves money, bets or decisions that can turn out well... or very badly.

Taking risks is part of life. Sometimes it's how we grow, learn and achieve something new. But there are also times when risk can turn into a headache, especially when it comes to gambling.

Is it worth it to gamble without thinking? Or to get caught up in the idea that you'll solve your problems with a stroke of luck? Difficult, right? The truth is that if you're going to take risks, you have to do it consciously. Don't bet what you can't afford to lose.

However, when the risk is well thought out, with limits and strategy, it can even be worth it. The important thing is to know how far you can go without getting lost along the way.

And for you, when does the risk start to no longer be worth it? 

Risks that are uncalculated, unplanned or unprepared for are not worth taking so long as I am concerned, every risk we take should be planned, well calculated and prepared for, this is how we tend to better our chances of coming out victorious, and on the other hand, we lower our chances of making any silly mistakes almost down to zero when we plan, prepare and calculate a risk before taking it..

This is like someone driving on a single lane where there are vehicles coming and you are going, before you overtake any vehicle on your front, you must prepare, plan, and also most importantly, calculate how far the vehicle coming in front of you is from you, and at what level of speed the vehicle is coming, this helps you know if you risk an overtake or wait behind for the coming vehicle to pass first, which such calculations, you will end up in an accident that should have easily been avoided..
Risk calculations only require a little bit of patience and that it, and like I said before, an uncalculated risk is not worth taking

[summonerrk]

This question comes up all the time, especially when the subject involves money, bets or decisions that can turn out well... or very badly.

Taking risks is part of life. Sometimes it's how we grow, learn and achieve something new. But there are also times when risk can turn into a headache, especially when it comes to gambling.

Is it worth it to gamble without thinking? Or to get caught up in the idea that you'll solve your problems with a stroke of luck? Difficult, right? The truth is that if you're going to take risks, you have to do it consciously. Don't bet what you can't afford to lose.

However, when the risk is well thought out, with limits and strategy, it can even be worth it. The important thing is to know how far you can go without getting lost along the way.

And for you, when does the risk start to no longer be worth it? 

The irony is that many gamblers, having lost exactly what they should not have lost and should not have lost, immediately try to win this money back in a complete panic. They continue to bet money that they should not lose and continue to "dig themselves a hole" even deeper.
And then someone does even worse: gamblers with very weak self-control begin to lend money at a high interest rate to try to get back the money that they should not have lost, and the horror of the situation is that they begin to lose this money too. It turns out to be a chain reaction due to one wrong decision.

[yahoo62278]

Look at it like a 401k at your job. You can play it safe and just put money into a savings and earn small interest, or you can buy some risky stocks and try to multiply your money by 10x, 20x, or even 50x. Safe people are always going to have that money sitting there til retirement and live a comfortable life in their old age, while the risk takers may end up broke. They might end up millionaires though and live like kings. You are the 1 who has to decide if the risk is worth it. IMO, you may not live to be 75, so risk it for the bizkit.

[TheUltraElite]

Things in life always carry a risk but even in that gambling is one thing that has zero rewards if your risk turns out bad. Others might give you a good experience to share with someone or learn something new in the process or make some new friends but in gambling it will always turn sour.

So I tend to use that line very carefully. Of course gambling can also lead to some good memories and allow you to spend a nice time only if you have the mature mindset and accept that the money you spend that day will be spent and not won back.

Only then the risk become worth taking. Dont ever think that you will make a living off gambling - that is the casino's job.

[Kelward]

Risks can sometimes be inevitable in life and if we must take it, it's important to minimize it as much as possible. We cannot remove risks from gambling because we're putting our money at stake so to minimize risks we need to minimize the value of money that we use to gamble. We don't have control over the games that we play but we can control how much we're willing to play the gamey with. So the risk worth taking in gambling is amount that you can afford to loose because gambling wins are by luck. The more amount that you're willing to gamble with the higher risks you're taking to win more.

[stomachgrowls]

This question comes up all the time, especially when the subject involves money, bets or decisions that can turn out well... or very badly.

Taking risks is part of life. Sometimes it's how we grow, learn and achieve something new. But there are also times when risk can turn into a headache, especially when it comes to gambling.

Is it worth it to gamble without thinking? Or to get caught up in the idea that you'll solve your problems with a stroke of luck? Difficult, right? The truth is that if you're going to take risks, you have to do it consciously. Don't bet what you can't afford to lose.

However, when the risk is well thought out, with limits and strategy, it can even be worth it. The important thing is to know how far you can go without getting lost along the way.

And for you, when does the risk start to no longer be worth it? 

The only important thing on here is:

1. Self control
2. Risks management
3. And never be greedy.....

You wont be putting up yourself into such huge problem if you are just that responsible into the actions that you are taking and not just that making up some rush decisions just because you've been that too greedy on making money. Risks taking is part at the time that you do play gambling but since this thing do pertains about on to have that fun and then entertainment then it isnt something that too important on trying out to make money with it because it is just that a bonus aside from the fun that you had been able to get. There are those conditions or times that you've been that being too optimistic thats why it becomes that making you desperate on which is very wrong.

Gamble into the amount that you can afford to lose then you wont be having any problems when it comes to this specially on losing up money since you are already wary about into the potential risks that you might be experiencing.