How much risk is it worth taking?

[tech30338]

Gambling is a fast-moving experience where it’s easy to lose oneself in the process. If I'm at a point when I lose the track of time and/or I'm starting to feel frustrated, compulsive about taking one more step, and then another one etc. — that's how I'd describe the moment when I'm losing control and it's time to stop.
Thankfully, that doesn't happen often, but I do remember getting carried away sometimes in the past. To ensure it doesn't lead to major losses, I think it's good to have a strict budget limit for gambling.

People often make mistakes, but we also learn from them. Losing control of oneself is a common problem for most gamblers, as they let their emotions take control of their minds. If we can fight it back and stay within our limit, that is never going to happen. Unfortunately, gambling can be manipulative. We say this is the last bet, but when it wins, it ends with another one.

Good thing for you that you still have the faith to keep your gambling lifestyle at the limit. Many gamblers want it, but many fail.

Lots of gamblers often say they will limit how they gable but after winning all changes and what they said before turn on to be just history, I've seen people who act like they know what they are doing until they suffer the first loss slowly losing control in the process, selling stuff one by one, until nothing left, this happens in our country they even sold their car, and ending up their life after, or being chase by people outside.
True that high risk high reward, but like what other said we don't know the result we just gamble, so better take a limit and self control should always the top priority at all times.

[Onyeeze]

Gambling is a fast-moving experience where it’s easy to lose oneself in the process. If I'm at a point when I lose the track of time and/or I'm starting to feel frustrated, compulsive about taking one more step, and then another one etc. — that's how I'd describe the moment when I'm losing control and it's time to stop.
Thankfully, that doesn't happen often, but I do remember getting carried away sometimes in the past. To ensure it doesn't lead to major losses, I think it's good to have a strict budget limit for gambling.

I have made this kind of comment severally concerning gambling budget, everyone who is into gambling is supposed to have a budget knowing that gambling is all about risk, so that you will not gamble more than your expectations in gambling, because sometimes when we gamble without having budget it really affects us, so we need to have plans in gambling and gambling without plans or budget that will make someone to be addicted without knowing that is affected or addicted in the gambling, so most of us that gambles have to take adequate plans so that gambling will not consume our money or affect our other business we do, consistent gambling consume a lot of capital from a gambler unknowingly

[Alpha Marine]

As long as that risk is not a risk that will ruin you or any part of your life if it fails, you can go ahead and take the risk. That is why it's not advisable to idolise what people do without knowing the context.
For example, you can hear a person say he took a risk of $1 million, and it paid off for him. That can inspire you to take more risks, but you fail to see that the person you're taking inspiration from was worth way more than a million dollars, and if the risk had backfired, he would have been perfectly fine. Meanwhile, if you $10k, you will be in a lot of trouble.

I agree that we need to know our limits. We can't do what others do, and that is why gambling is only for adults. It is assumed that as an adult, you have what it takes to make decisions for yourself.

[baeva]

Gambling is a fast-moving experience where it’s easy to lose oneself in the process. If I'm at a point when I lose the track of time and/or I'm starting to feel frustrated, compulsive about taking one more step, and then another one etc. — that's how I'd describe the moment when I'm losing control and it's time to stop.
Thankfully, that doesn't happen often, but I do remember getting carried away sometimes in the past. To ensure it doesn't lead to major losses, I think it's good to have a strict budget limit for gambling.

People often make mistakes, but we also learn from them. Losing control of oneself is a common problem for most gamblers, as they let their emotions take control of their minds. If we can fight it back and stay within our limit, that is never going to happen. Unfortunately, gambling can be manipulative. We say this is the last bet, but when it wins, it ends with another one.

Good thing for you that you still have the faith to keep your gambling lifestyle at the limit. Many gamblers want it, but many fail.

Lots of gamblers often say they will limit how they gable but after winning all changes and what they said before turn on to be just history, I've seen people who act like they know what they are doing until they suffer the first loss slowly losing control in the process, selling stuff one by one, until nothing left, this happens in our country they even sold their car, and ending up their life after, or being chase by people outside.
True that high risk high reward, but like what other said we don't know the result we just gamble, so better take a limit and self control should always the top priority at all times.

It's actually not uncommon and nowadays it's treated normally, as if it were the order of the day. I'm very interested in how quickly people in this situation realise what is happening to them? After all, when they do this and look for money they are clearly under the influence of gambling and excitement, a person in his right mind would never do this.

[passwordnow]

Yeah, it is what I am saying. They're different story but the principle of taking risk in gambling is both applied in invesing as well. And that's the worth a gambler gets with how risky they are in their bets. They can even take more risk in investments. So, there's no need to expound that much about the difference of it because I agree that they're completely different worlds. But the attitude, approach and principle that someone does as they take risk, they're applicable in different walks of our lives and not just in gambling.

Actually, the reason I am saying this extra here is that I have never seen any investor who was able to take risks in investing because he could take risks in gambling.

Rather, I have seen many investors who have successfully built businesses and later gambled large amounts of money for entertainment. What I really mean is that the ability to take risks in gambling should not be taken positively.

Well, it's kind of a mix up to you and I won't go futher with that anymore because I think that even if with so much explanation, this will just get expounded and will still end up with what you think and you're right. I agree that I've seen those investors, gamblers invest and take risk money and became successful in their own end. And yeah, taking risk in gambling shouldn't be taken that lightly and it's not a pros anymore.

[Fivestar4everMVP]

As long as that risk is not a risk that will ruin you or any part of your life if it fails, you can go ahead and take the risk. That is why it's not advisable to idolise what people do without knowing the context.
For example, you can hear a person say he took a risk of $1 million, and it paid off for him. That can inspire you to take more risks, but you fail to see that the person you're taking inspiration from was worth way more than a million dollars, and if the risk had backfired, he would have been perfectly fine. Meanwhile, if you $10k, you will be in a lot of trouble.

I agree that we need to know our limits. We can't do what others do, and that is why gambling is only for adults. It is assumed that as an adult, you have what it takes to make decisions for yourself.

Absolutely correct bud and well spoken, The brain of an adult is far different from the brain of a child, adult have had experiences and know how to navigate their way to try to stay away from troubles, this is not the case for a child who hardly tell with accuracy what is wrong from what is right, this is indeed is one for the reasons why gambling is something or an activity that is reserved for adults.

Risk is absolutely normal to take so long it's gambling we are talking about, without risk, there is no gambling and this is just it, so in other to gamble safely, knowing the level of risk we can take and be very comfortable when things fail to go as we planned is very paramount to our wellbeing both mentally and emotionally as gamblers, a gambler who does not take into account his ability of risk taking will end up taking a risk that may completely damage him or her when things fail to go according to plan.

[Slow death]

In all things there is risk, that's why we always need to calculate the risks well, each person has their own lifestyle, has their own budget and has their bills to pay, so it's up to each person to calculate how much money they use to pay all the bills per month and how much money after paying all the bills is left and based on that they will define how much money will be allocated to entertainment

and in this money destined for entertainment they would still need to take part of gambling. After that they will have to define the risk they intend to take: for example, if it's in sports betting, they could define how to bet on only games with odds of @1.50 and always placing $2 on each bet

[|MINER|]

In all things there is risk, that's why we always need to calculate the risks well, each person has their own lifestyle, has their own budget and has their bills to pay, so it's up to each person to calculate how much money they use to pay all the bills per month and how much money after paying all the bills is left and based on that they will define how much money will be allocated to entertainment

and in this money destined for entertainment they would still need to take part of gambling. After that they will have to define the risk they intend to take: for example, if it's in sports betting, they could define how to bet on only games with odds of @1.50 and always placing $2 on each bet

I would like to agree with you and what you said in your post actually refers to those gamblers who basically gamble responsibly. Those who gamble responsibly always set a budget in advance based on their affordability and take their high risks accordingly.
In this case, some people have the ability to take a $200 risk, while others have the ability to take a $2 risk. This is the reality. However, what I think is best in my personal experience is to always fund gambling below 5% of your income. Funding above this, I think will affect the average person's other expenses or savings.

[GxSTxV]

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

I have learned many lessons so many times while gambling with different risks, just as risking important funds to pay my bills, risking my own education future, risking family time, right before I decided that it is really important to know when the risk worth the sacrifice. I took a long break from taking any form of bets, gathered money, paid back my bills and loans and realized that I was wasting much time gambling more than money itself.

When I started to gamble again, I truly enjoyed very little wins while gambling less than when I used to spend much money, more funds and ending up winning big or losing all. I was risking too much, and when I win the feeling of joy wasn’t actually worth it. Taking bigger risks taught me that the result after isn’t always good even when it is positive. My advice is to rethink about gambling twice if you can really reach that good satisfaction feeling even when you win, if not then the risk isn’t even worth the prize.

[irhact]

Lots of gamblers often say they will limit how they gable but after winning all changes and what they said before turn on to be just history, I've seen people who act like they know what they are doing until they suffer the first loss slowly losing control in the process, selling stuff one by one, until nothing left, this happens in our country they even sold their car, and ending up their life after, or being chase by people outside.
True that high risk high reward, but like what other said we don't know the result we just gamble, so better take a limit and self control should always the top priority at all times.

People that don't have decisive mindset are the ones that get into this type of problem more but for someone that's a man of his words, he won't find himself doing this that often. Most gamblers aren't able to say they'll stop gambling and do what they said because they're already addicted and there's something that gambling give to them that they can't get from other things. Gambling is very addicted and when it becomes your own problem, you can't run away from it unless you decide to stop gambling totally but there's a problem when trying to stop because you won't be able to get it done. Risk you're taking should be ones that you can control and not those out of your control.

[kojektea]

The risk is not worth it, it is putting too much money in the casino, it will invite our desire to continue playing, taking a risk is worth it, when you have more money and free time, gambling to fill your free time without having to burden and think about losing, enjoying every bet is the best way

[r_victory]

For me, it's no longer worth taking risks when those risks will clearly harm you or someone close to you. Although risks are part of everyday life, they are calculated risks, or at least they should be. Every decision is risky; whether we made, the famous "what if?", always lingers in our minds.

My body alerts me when I'm about to "do" something I shouldn't. I feel anxious, genuinely uncomfortable (I'm not talking about doing something wrong or unethical; I have a clear conscience about certain actions), and I've taken many risks before, and I still do today.

[Ever-young]

The risk is not worth it, it is putting too much money in the casino, it will invite our desire to continue playing, taking a risk is worth it, when you have more money and free time, gambling to fill your free time without having to burden and think about losing, enjoying every bet is the best way

Gambling should be done when the person is free from what ever they are doing, it can also be done when the gambler make out time to fill in their pleasure and catch fun out of it, their are also those who make it a part time job which means it’s on their schedule list, what matter is the gambler is using money they can afford to lose to place bet on the game of their choice, where the risk won’t be worth it is if the gambler wager on a game with an amount that’s above what they can afford and on a game that’s promising a higher odd which also implies that it have a higher risk of losing that money.

[Julien_Olynpic]

It is not the absolute risk itself that is important, but what is behind the risk. It also matters how real the risk is. I usually use the analogy that if you have to walk through a minefield and you do not know the safe path, your risk is close to 100 percent. That is, the risk of dying is almost 100%. If you know the safe path through the minefield, then your risk is small. You can only die if you deviate from the safe route or forget it. This analogy emphasizes the importance of knowledge. It is very important to have good knowledge before you take significant risks. If your knowledge is exceptional, then the risk is essentially irrelevant - you will succeed. In this type of gambling, knowledge is a good strategy.

[Altryist]

For me, it's no longer worth taking risks when those risks will clearly harm you or someone close to you. Although risks are part of everyday life, they are calculated risks, or at least they should be. Every decision is risky; whether we made, the famous "what if?", always lingers in our minds.

My body alerts me when I'm about to "do" something I shouldn't. I feel anxious, genuinely uncomfortable (I'm not talking about doing something wrong or unethical; I have a clear conscience about certain actions), and I've taken many risks before, and I still do today.

It is worth listening to this inner feeling, if you have doubts about the bet, it is better to listen and skip it. This does not give you an exact guarantee that you will be right, but it is worth developing in yourself. We know what is best for us, and if we learn to listen to ourselves, then this can work. And it is also worth observing risk management, this will help you determine the bet that will not be detrimental to you in case of loss. Everything regarding risks will depend on your discipline, which is extremely important in gambling.

[bakasabo]

For me its not worth taking risk via gambling when you try to earn with gambling. No matter what is the goal, to win and buy an island, car, repay debt or just a soda can. If goal of gambling to earn then its a taboo. As gambling is entertaining for me, its not about taking risk, its about having fun, but the only moment when I am ready to risk and be involved in big risk, is when my favorite team or country participate in sport event.

[danherbias07]

It is not the absolute risk itself that is important, but what is behind the risk. It also matters how real the risk is. I usually use the analogy that if you have to walk through a minefield and you do not know the safe path, your risk is close to 100 percent. That is, the risk of dying is almost 100%. If you know the safe path through the minefield, then your risk is small. You can only die if you deviate from the safe route or forget it. This analogy emphasizes the importance of knowledge. It is very important to have good knowledge before you take significant risks. If your knowledge is exceptional, then the risk is essentially irrelevant - you will succeed. In this type of gambling, knowledge is a good strategy.

I agree. Knowledge will somehow increase our chances of winning and maybe also lessen the risk that we are taking when it comes to gambling. It's our only weapon when it comes to gambling.
Experience comes after it. Those who have learned their lesson, either the tough or easy way, will be more careful with what they decide. We always have a choice of taking the high risk or the lower one, and sometimes the high risk can be more profitable if we know what we are doing, and that's by using the knowledge and experience that we received in the long run.

[bubilas]

No matter how other gamblers claim that at a certain level of knowledge the risk is no longer important, because you can achieve a result in any case, but I still think that gambling is therefore different from any hobby, craft or business in that the luck factor here is especially large, and sometimes it is even one hundred percent, and the ability to control your Money management emotions and deposit well still does not guarantee an absolutely accurate achievement of success.

[Smartprofit]

When assessing risks, in my opinion, you need to answer several questions for yourself. The first question can be formulated as follows: how bad will it be for me (assessment on a 100-point scale) if I take this action and lose? The second question can be formulated as follows: how good will it be for me (assessment on a 100-point scale) if I take this action and win? By honestly answering these two questions, you will get an answer to the question: how justified is the risk in this situation? You are not taking risks just like that, you are taking risks in order to move from the current situation to a more favorable one for you. This is why a big risk should always be associated with a big gain. Because if you move from the current situation to an even worse one, then you will need an even bigger risk to improve the situation. Or you will need a lot of time for this, and time is the most valuable resource. And it is a pity to lose it.

[DaNNy001]

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.

A risk is always based on luck, it's a 50/50 thing... There's a chance that you might end up regretting your actions at the end of the day so what's the point of going down that lane...I would rather take a very calculated risk than trying to go all in because this is something that can cause a lot of damage when it goes wrong...you can get a lot when you end up winning true but what if you lose... Better safe than sorry