How much risk is it worth taking?

[swogerino]

In gambling risk is taken in order to take a huge profit, as they say, the higher the risk the higher the profit. However it is to be thought well as anything in life, if not thought well it can become reckless and give you a huge headache. For gamblers though this is more emphasized, especially for those who have been lucky enough to hit a marvelous max win multiplier with a very robust and decent bet, they think that since luck favored them once it can do so in repetition which simply is not true and most stories of such guys we have read on journals, like people who have won the lottery after some years have gone reckless and homeless. The best advice it is always the same in such contexts, always play what you can afford to lose and immediately stop as soon as you have lost all the money.

[Pandu Geddon]

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

The risk taken becomes unworthy when you bet more than you can afford. Because the risk can result in serious things, such as financial ruin, and also harm to others.
We can limit ourselves to avoid betting beyond our ability. But when you think about taking a bigger risk, there is a possibility that you will violate your own discipline.

[Dunamisx]

Just because gambling is all about taking risks doesn't mean that you should take risks that would put you in a precarious situation. I see gamblers that go all in and decide to use everything they have, sometimes it can even be the money that's meant for something important like school fees, rent and other important bills. It's funny that they don't think about the consequences of their actions before doing it.

It's important for us to know that we should not take a risk that is too much for us to bear, gambling is not by force or a must to do, we should first take measure as a precaution to how we should gamble in a moderate manner we could manage to afford, we should not gamble while leaving other important things behind unattended to, this will cause us lots of disappointment and shame as we may not be able to meet up on other things.

[madnessteat]

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

The risk taken becomes unworthy when you bet more than you can afford. Because the risk can result in serious things, such as financial ruin, and also harm to others.
We can limit ourselves to avoid betting beyond our ability. But when you think about taking a bigger risk, there is a possibility that you will violate your own discipline.

Risk is justified only when we make some kind of profit. It is practically impossible to count on profit in gambling, so in most cases we exceed the risks without even realizing it. If someone thinks that when they risk only what they can afford to lose, it is a justified risk, they are mistaken. In my opinion, this is an unjustified risk because it led to losses. Unfortunately, we only find out whether the risk was justified or not after the gambling session is over.

[Rockstarguy]

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? 

Normally, it is important for gamblers to think about the risk they are about to take, the risk that is being considered, and to decide how to approach it. Thinking ahead is always a better option that won't lead one into any difficult situations.

The reason why I think it is good to always consider a risk before taking it is that it will help one reason whether the risk is worth it. If it is not, one will not even think about pursuing it. Unfortunately, there are some people who don't consider their risks because they are overly confident in winning at gambling; they may choose to take risks blindly, and it ought not to be so.

[DaNNy001]

What makes you a mature gambler is taking calculative risks not wreckless risks that's capable of damaging you... gambling has a lot of unexpected outcomes so it would be unwise to stake what you cannot afford to lose... There are times that I stake low amounts of money on casino games and win a fair amount but another thought creeps and makes me want to stake high to win more, you just have to control yourself

[famososMuertos]

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? 

Seriously, this post is worth 10 merits. No, I assure you, if they told me to bet on their topic to see if I'd win 10 merits, I'd say no. That's not risk, it's common sense. But I lost, never mind, I tried.

I think your question itself, like others I've seen, leaves you in a bad light regarding what you think risk is when betting. You have no idea about the experience of betting; you have ideas based on the experience of common sense. : )

(*)   The smiley face just means that my comment is fair and square, but I mean it very seriously.

[Slow death]

I don't place a bet without first carefully analyzing the teams that are going to play. I consider sports betting as entertainment and for me the fun is precisely when I look at a game and analyze it to predict the result. When I get it right, I feel very happy, not because I won money, but because I was able to predict the result thanks to my analysis. If someone asked me how I managed to predict the result of that game, I would have no difficulty explaining step by step how I analyzed the game and came to the conclusion of which team would win. I can't understand people who place bets without analyzing the game.

[_BlackStar]

In gambling risk is taken in order to take a huge profit, as they say, the higher the risk the higher the profit.

But when it comes to gambling - the higher the risk you take, the more likely you are to lose. I agree that high risk can give gamblers bigger wins - but gamblers should not risk everything just for the hope of winning which is not good.

Risk considerations in gambling must be wise without harming yourself and others. It is highly discouraged to risk all savings for a big hope of winning - as well as all monthly salaries. Gamblers should think twice or more before deciding anything - gambling can take away a lot of happiness if gamblers do not know the right way to approach it. Instead of getting pleasure - they have to bear so many problems if the risk is too big.

[sompitonov]

In gambling risk is taken in order to take a huge profit, as they say, the higher the risk the higher the profit.

But when it comes to gambling - the higher the risk you take, the more likely you are to lose. I agree that high risk can give gamblers bigger wins - but gamblers should not risk everything just for the hope of winning which is not good.

Risk considerations in gambling must be wise without harming yourself and others. It is highly discouraged to risk all savings for a big hope of winning - as well as all monthly salaries. Gamblers should think twice or more before deciding anything - gambling can take away a lot of happiness if gamblers do not know the right way to approach it. Instead of getting pleasure - they have to bear so many problems if the risk is too big.

Correct risk assessment is a skill that is not available to everyone, even after many years I have a rough idea of ​​where and what risk I am ready to bet on. Of course, professionals who work on themselves every day know how to choose a risk, but the main thing here is that this is only one of several components of a successful player. Even those who learn to do this may ultimately fail to cope with their emotions and simply burn out. There may be other reasons, for example, the lack of a profitable strategy that would allow you to regularly make a profit over a long distance, like poker players.

[Ricardo11]

What makes you a mature gambler is taking calculative risks not wreckless risks that's capable of damaging you... gambling has a lot of unexpected outcomes so it would be unwise to stake what you cannot afford to lose... There are times that I stake low amounts of money on casino games and win a fair amount but another thought creeps and makes me want to stake high to win more, you just have to control yourself

When gambling, you should make decisions based on reality, not emotion. Gambling is a risky place, and the chances of losing are much higher than winning. In fact, no matter what, you have won a good amount now, enjoy it, don't be greedy. And if you lose now, stop gambling, don't be emotional. Whether you win or lose, stopping is the most important thing, according to your ability, following the limit, and then you should gamble. Gambling with more money than you can afford due to excessive greed means excessive losses.

[Felicity_Tide]

Like I have said In few threads and I will continue to say, everyone has their own definition of risk. There are some people that takes risk without properly putting their financial status and life into consideration, while there are others that takes a calculated risk, and there are those that are in between. Some risk are sometimes worth taken, even if it doesn't go as planned, but only the risk taker can tell the effect it had on him/herself.

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

When there is consecutive losses, then I think one might need to make some adjustments. If adjustment isn't done, a gambler might be triggered to start chasing after losses with higher amount, with the hope of recovering everything that has been lost. So, it doesn't worth it to risk more after having consecutive losses.

[Awaklara]

When there is consecutive losses, then I think one might need to make some adjustments. If adjustment isn't done, a gambler might be triggered to start chasing after losses with higher amount, with the hope of recovering everything that has been lost. So, it doesn't worth it to risk more after having consecutive losses.

Some gamblers do increase their bets when in a losing situation, of course, with the aim of returning what has been lost. Even if the situation is successful by increasing the risk, I'm afraid gamblers also can't be satisfied with a situation of not losing or winning. In such a situation, the gambler will take the risk again by playing the game again, the opportunity to get the luck that has been obtained.
Some are more comfortable playing with small risks, betting as usual until the game session is over. But there are also gamblers who make some games with higher risks. Most importantly, after the session is over, leave the game and don't force yourself to continue playing.

[Frankolala]

When taking a risk, you have to weigh the positive outcome to see if it is higher than the negative outcome before taking the risk. However, if the negative side is higher, such risk should be avoided so that you don't regret your actions. Gambling is the same, you bet only with the amount of money that you can afford to lose in order for you to limit your losses because gambling on its own is risky.

[Ultegra134]

I don't place a bet without first carefully analyzing the teams that are going to play. I consider sports betting as entertainment and for me the fun is precisely when I look at a game and analyze it to predict the result. When I get it right, I feel very happy, not because I won money, but because I was able to predict the result thanks to my analysis. If someone asked me how I managed to predict the result of that game, I would have no difficulty explaining step by step how I analyzed the game and came to the conclusion of which team would win. I can't understand people who place bets without analyzing the game.

That's what I'm also used to doing, and I agree it's not always about the money but also for the joy of accurately predicting the outcome of the match. I wouldn't call myself a risk taker, but I've placed bets on football matches purely randomly; sometimes it worked okay, and other times it didn't. Taking risks is a part of our lives; it doesn't necessarily have to do with gambling. From my perspective, as one wise man said, you lose every shot you don't take; it's better to take risks and fail than to never take any.

[Z-tight]

There is nothing wrong in taking risks, but i don't think anyone should be gambling with the hope of getting rich through it or solving their financial problems through it, if you are lucky one day and it happens, then good for you, but it should not be something you go out to achieve. I always recommend that people gamble only what they can afford to lose and nothing more, you should also try not to put yourself under pressure as you gamble.

[coin-investor]

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

In gambling, only take risks when you are comfortable with it, without the expectation that you will gain from your action.
Gambling is a game of uncertainty; you have to accept the outcome and live with it, analyze the game give it some thought when you made up your mind go for it and hope for the best and accept whatever the outcome, the most important thing is you get out without being sorry for your action.

[Findingnemo]

I will never equate the risks we take in our lives for the progression of our career or choosing a different one out of passion with taking a risky bet. Yes, they are similar, but the context of a bet differs in my opinion.

While gambling, you can take as much risk as you want, as long as losing the bet will not affect your lifestyle in any way or ruin your financial choices like monthly rent, EMI/Mortgage or other such things.

[Sticky Bomb]

Risks are part of life, but everyone ought to take calculated risks and not damaging ones. Funds should be carefully managed in gambling and gamblers should engage with a budget.

When risks are taken excessively and without caution. It turns to a weapon against the gambler and can land him in financial struggles if care isn't taken.

[Ndabagi01]

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.

When you take risk, it is risky; and when you don’t take risk, it is also risky. So you have to know how to manage yourself through your gambling activity without it not bothering you to the extent of giving you headache. Gambling can be controlled and the better you control it early and not take risks that you can’t have control over.

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 risk begin not to be worth it when you begin to not see results of your efforts not coming out despite many trials. Gambling is a game of risk and when you risk so much that you can afford to take and don’t see results coming out, you’ll feel discouraged and won’t be willing to risk more. It is only at that point in gambling one might feel not encouraged anymore. It does happen but many people just overlook it and continue to gamble because they feel it is something of luck and the luck may not have found them at that time, but soon enough it will. The optimism in them makes them to continue betting even when they’re not winning and can leads to addiction if proper care is not taken.