Taking risks responsibly.

[purple_sparkles]

Responsible risk, for me it`s when you clearly understand the possible consequences  all positive and negative outcomes, and are willing to accept either outcome. Of course, the focus should be on winning, but the outcome may still not be in your favor. This idea applies not only to gambling, but to any area of ​​life, if people never took risks, they wouldn`t do many things for example they wouldn`t start a new business, they wouldn`t move to new places, or even quit a bad job.

[Moreno233]

This is a basic norm for longevity and peaceful gambling. Taking risk responsibly is not complicated like many people think because it simply means gambling with what you can afford to lose without losing your mind. It is the prerequisite for every gambler because if you miss attaining that level of responsible gambling, it would hunt the individual for a very long time because chances are high that the person will slide into gambling addiction.

In order to ensure I gamble responsibly, I usually allocate a portion of my monthly income to gambling such that what I'm putting there will not be more than 10% which I can bear should I lose it.

[hedgeh0g]

The latter though is what a strategy is and not more of a calculated risk. But I do agree with your first definition that we should "gamble the money that we can afford to lose". And so even if we lose then nothing will be affected. We can wake up in the morning and not being traumatized by the money that we have lost the night before. And then maybe stop for a while, who knows.

With that, a gambler that uses calculated risk is more of a thinking gambler, a intelligent one. He knows what is at stakes and could make his bold decision to bet big or not stay away. This is in contrary of what we call YOLO gamblers.

For example, I have long developed a certain amount of money that is ready to lose for myself, but is not ready to spend more. Because I distributed a bankroll in stages and every stage I can spend a little more or a little less. I tried different options throughout my way in gambling and this seemed to me the most suitable. I will not have an option when I lose at a time too much and then I have been sitting without a game for a month. It becomes not comfortable for me and I want to play more, but if I do it, it will affect my life needs and my family, and in no case can I allow it

[$crypto$]

Players must dare to take risks responsibly because this is the limit where money is spent on gambling --- for example $ 100 per month that can be lost then that means the risk you are ready to take.

It's not just money that is about being responsible where they must be able to control emotions, playing time, and the games you play.

At least that's a responsible risk. What is clear in this case is that money is more important where you must be able to set limits if you have exceeded the limit you must be able to stop responsibly.

[Dr.Bitcoin_Strange]

If someone mentions "responsible risk," The first thought that comes to my head is the ability to risk what you can afford to lose, ability to take your leave after winning so much because you don't know if situation could turn around the next minute and you lose everything you won. Lastly, in sports betting, such risk includes how much you are willing to lose and the ability to take your cash out when you doubt the outcome of the other legs in your parlay, and the ability to stake on games that you know to have more chance of winning, instead of just betting because of the game odd and profit you are expecting.

[Hanadawa]

Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible? How many players, in your opinion, have responsible risk?

I will try to summarize it according to what I know. First Yes I like the phrase. For me responsible risk is in gambling all we do is take risks, rely on our knowledge and luck to win. But you still know the limits of risk that if you lose or fail, you can bear the consequences that do not have a big impact on your life. Like in sports betting. Once you have knowledge of a game and you place a bet, then I will consider you responsible when you place a bet with an amount that will not ruin your life in the real world. I have no problem with you betting on high risk or low odds bets. But it will be a problem if you spend 50% of your monthly salary in the hope that you can take home more money from the casino.

[Ruttoshi]

Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible?

Whatever actions that we take in life is a risk but when you take a responsible risk, it will end up playing out in your favor. Back to gambling, the only responsible risk that I see in gambling is for you to know how to manage your bankroll and have self control over your emotions. This will help you limit the risk in gambling and give you a hedge to addiction.

When you fail to mange your bankroll, it leads to excessive gambling and losses. When you are in big loss, it becomes a problem for you to control your emotions and that will lead to loss chasing and frustration.

[Promocodeudo]

Yes, “responsible risk” makes sense to me. It’s not about avoiding risk completely, but about knowing what you’re getting into and setting clear limits. I try to keep my risk responsible by staying aware of how much I can afford to lose and not letting emotions take over. Honestly, I think most players don’t really manage their risk  they just go with the flow and hope for the best.

I think you're right, a gambler should be able to identify what he or she is risking for but the problem is, as we know that gambling doesn't have a certain end so how will a gambler know when he or she is taking a calculated risk since we also know that gambling isn't an investment, although I take the point where you said setting a clear limit, I think that's a very clear advise to any other gambler out there, as a gambler there should be some kind of limit in what you are doing to avoid losing everything you have worked for, to me, I think  being aware that losing or winning is not in your power to control as a gambler helps you to play safe at all time.

[Maslate]

Risk can be understood as how much you're willing or able to lose, it's the money you're putting on the line, so it's something you should be ready to take.

The thing is, gambling carries a high risk of loss since we don’t really have the edge, so even before taking the risk, we need to be clear about what we’re actually willing to lose.
If we don’t manage that properly, even a small risk can grow into something bigger over time, and that leads to irresponsible gambling.

[HONDACD125]

Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible? How many players, in your opinion, have responsible risk?

Yeah, I like the phrase and I believe in it, and I believe every person who considers themselves responsible players or gamblers would like that phrase, and they probably practice it as well. When you are gambling, if you are not making reckless bets, which means you are not going over your limit and thinking that you are going to make more money this way, or you either win or lose it all, this means you are a responsible gambler and you are taking responsible risks since you are not putting everything at stake at once, but you are doing it responsibly, so that if you need to, you can stop.

This can also apply to other things, such as trading. Someone who has a budget for trading, and they want to trade a coin or a token that they believe is a high-risk investment, maybe because it's a meme coin or something, so they don't invest a large amount, knowing that they might even lose the money, so what they do instead is invest a small percentage of the total budget, so that even if they lose the money, it doesn't affect them much.

[danherbias07]

It does sound funny.

Anyway, this is the first time I heard about it but I do understand the point. I think those who would stop at some point when they are losing are also responsble risk takers. They know they cannot win and the risk is too high to continue playing so stopping would be the best option to avoid more losses.

Another thing is a gambler who would look for a lower volatile game and try to gain back his losses although it will take longer. I think that a good example of a responsible gambler who still wants to play after some losses.

[Akbarkoe]

This discussion is the same as gambling responsibly, because the description is the same, namely using money that is ready to be lost, setting limits on the amount of money used, in general taking risks that do not bother you in gambling if you lose. So that your gambling is healthy.

[Proty]

"Taking risks responsibly" is an interesting phrase. We cannot avoid risk, and we cannot not take risks either. But excessive and stupid risk is not needed, it only brings us closer to failure. In the end, a smart player must choose a certain balance. This is how the phrase "responsible risk" is born. It may sound funny, because when you take risks, you put yourself at the mercy of the elements, you become dependent on luck. However, by adjusting many parameters of your risk, you can make it responsible. Here we can see an analogy with "responsible gaming" and a "responsible player" who knows that he is taking a risk, he does it consciously and he manages his risk as much as possible in order to reduce the risk of adverse consequences, minimize it and increase the probability of success. Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible? How many players, in your opinion, have responsible risk?

Well for me as long as am concern taking risk is very important  because that's the only way to grow . Anyone who has vow not to take risk has vow not to grow. However there are risk that aren't necessary and shouldn't be taken in the first place, we shouldn't just take risk rather we should take calculated risk. There are thousands of mistakes many gamblers has made during gambling and it will be unwise to take risk and still make such mistakes. So  to me I feel we are taking responsible risk when our risk is calculated and back by thorough plan if not to me risk is just risk .The fact that one takes a risk and fail doesn't mean it an irresistible risk because failure is part of growing process.

[DPHOR]

Responsible risk is as good as being so calculative, rational and productive before endulging In such risks. In other words, we should be able to accept whatever thing we are doing before engaging ourselves into such thing , such as accepting the risk and gambling with the amount we can afford to lose while taking such decision.

"Taking risks responsibly" is an interesting phrase. We cannot avoid risk, and we cannot not take risks either. But excessive and stupid risk is not needed, it only brings us closer to failure. In the end, a smart player must choose a certain balance. This is how the phrase "responsible risk" is born. It may sound funny, because when you take risks, you put yourself at the mercy of the elements, you become dependent on luck. However, by adjusting many parameters of your risk, you can make it responsible. Here we can see an analogy with "responsible gaming" and a "responsible player" who knows that he is taking a risk, he does it consciously and he manages his risk as much as possible in order to reduce the risk of adverse consequences, minimize it and increase the probability of success. Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible? How many players, in your opinion, have responsible risk?

[peter0425]

Do you like the phrase "responsible risk"? What meaning do you put into this concept?

It means taking a risk but in a way that is not impulsive. It is like when you jump off a cliff. That is risky and doing that will ultimately be stupid but let us say you decide to jump off a cliff but you have a harness. There are safety regulations put in place. There are medics around. You could say that the risk is quite lessened now so this is responsibly taking risks.

Is your risk responsible? How many players, in your opinion, have responsible risk?

It is not the risks that should be responsible but rather you should be the one that is responsible enough to weigh risks and benefit ratio.

[lizarder]

Here we can see an analogy with "responsible gaming" and a "responsible player" who knows that he is taking a risk, he does it consciously and he manages his risk as much as possible in order to reduce the risk of adverse consequences, minimize it and increase the probability of success. Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible? How many players, in your opinion, have responsible risk?

This is something basic when someone is involved in gambling responsibly and generally we need to think about how to minimize the risk of losing a lot of money when gambling. Sometimes this seems difficult because most of us find it difficult to set limits on the risk that we can be responsible for, but if we slowly do something based on limits, it will be much easier to limit it.

Simply put, just use a limited budget and affiliate with a cold budget that is not used for other needs and also take certain bets with a small percentage. The risk taken should not be much greater than the capital used and the betting period must also be adjusted so as not to be too over when betting.

[dimonstration]

Do you like the phrase "responsible risk"?

Yeah I like it and that’s the calculated gambling looks like.

What meaning do you put into this concept?

Imo it means that you are betting on a game that has winning chance rate in proportion to your bet size. A high risk means lower bet amount and a lower risk means a higher betting amount or some sort that makes you adjust your bet size based on the risk you are taking.

Is your risk responsible? How many players, in your opinion, have responsible risk?

For me yes, I don’t know about other but most of this people are those frequently winning the casino tournament with small bankroll.

[Cryptoprincess101]

Risk is inevitable in life, be it in gambling or any other aspect of life but you should not take risks that will threaten your peace of mind and that of others. We should know the kind of risk that we take, is not every risk that is worth taking and as a gambler you have to cross examine the risks you take so that it won't lead you to wrong financial management. Many times, we have deliberated on the need to gamble responsibly because it gives you a direction of not gambling above your limit.

[uneng]

Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible? How many players, in your opinion, have responsible risk?

Responsible risk is a must in gambling. You have to adjust the risks accordingly to how much you can afford to lose and for how long you want to play. Personally, I have the impression most gamblers are responsible over the risks they take in gambling, otherwise the rates of problem gamblers would be much more expressive, while what we see in fact is a small percentage of problem gamblers worldwide.

Responsability doesn't come overnight, though. Quite often people have to commit mistakes in order to learn how to be responsible. It's a long lasting process, where can learn more and more each new day. Those who are able to learn in order to not repeat the same mistakes over and over again are making progress, and can use their personal experience to enlight others on the right path.

[rachael9385]

Even though Gambling is all about taking risks it's important that you gamble responsibly especially if you know that you are not wealthy. People who are extremely rich can decide to gamble wrecklessly because they have something to always fall back to, someone who's struggling financially should know that he must always take calculated risks. If you stake high to chase big rewards you'll lose more