Taking risks responsibly.

[Dr.Bitcoin_Strange]

The biggest mistake a gambler can make is trying to get  rich with gambling, this mindset has a way of propelling gamblers to lose...The reason why it's easy for gamblers with such mentality to keep losing is due to greed...a lot of people blame their lack of self control on dopamine rush but this is just an excuse for indiscipline and it's one thing that keeps them mentally trapped, it's all about having self control

Another reason for this, is ignorance, a good amount of gamers don't think or picture what's life like being responsible. The term look weird to them and doesn't fit into their perspective of what gambling should be, so they end up making grievous mistakes out of no prior training on how to deal with the excessive desire for wealth through gambling.

Before someone even starts to conceive that idea of becoming rich through gambling, they should ask their selves if there are many gamblers that has became rich through gambling and that can give them a rethink that they should gamble responsibly and only take calculated risk.

[|MINER|]

The biggest mistake a gambler can make is trying to get  rich with gambling, this mindset has a way of propelling gamblers to lose...The reason why it's easy for gamblers with such mentality to keep losing is due to greed...a lot of people blame their lack of self control on dopamine rush but this is just an excuse for indiscipline and it's one thing that keeps them mentally trapped, it's all about having self control

True.
The biggest mistake in gambling is to think of gambling as a way to get rich, and this is what most new gamblers do. However, there are many people who cannot control their greed and make the same mistake over and over again, even after they have a lot of experience in gambling.

And for this, we are actually responsible. I don't think there should be any other arguments or blaming anyone else. Rather, if we understand at the right time that we need to increase our self-control and limit gambling to entertainment only.

[Makus]

The biggest mistake a gambler can make is trying to get  rich with gambling, this mindset has a way of propelling gamblers to lose...The reason why it's easy for gamblers with such mentality to keep losing is due to greed...a lot of people blame their lack of self control on dopamine rush but this is just an excuse for indiscipline and it's one thing that keeps them mentally trapped, it's all about having self control

Another reason for this, is ignorance, a good amount of gamers don't think or picture what's life like being responsible. The term look weird to them and doesn't fit into their perspective of what gambling should be, so they end up making grievous mistakes out of no prior training on how to deal with the excessive desire for wealth through gambling.

Before someone even starts to conceive that idea of becoming rich through gambling, they should ask their selves if there are many gamblers that has became rich through gambling and that can give them a rethink that they should gamble responsibly and only take calculated risk.

The motivation most people get could  e as a result of a friend of theirs who has been hitting the jackpot  for a while now and all he tells them is, i jusy made it huge win and the  the next week same thing again. That would definitely  make them curious to how easy this person manages to pull such a huge win within a short time frame unknow to them that the part they heard off is just a fraction of what that other person has gone through or should I say an edited version of the entire story. Because  of that they never failed to doubt for once that they can also pull off same win. And majority of the time our first trial is always the lucky one so that gives them more conviction that gamble is the right part to follow

[Ever-young]

Before someone even starts to conceive that idea of becoming rich through gambling, they should ask their selves if there are many gamblers that has became rich through gambling and that can give them a rethink that they should gamble responsibly and only take calculated risk.

People often act without thinking, especially when the crowd are doing the same thing, they just assume it's right and there's no need to really think about it. Some are pushed by desperation, but just like you said, if most gamblers can only sit and ask themselves this important question, how many rich main in the world got their wealth via gambling? I believe this is meant to at least give them a clue, even if they were to argue that the fact that there's none yet doesn't mean there can't be.

[Lanatsa]

The biggest mistake a gambler can make is trying to get  rich with gambling, this mindset has a way of propelling gamblers to lose...The reason why it's easy for gamblers with such mentality to keep losing is due to greed...a lot of people blame their lack of self control on dopamine rush but this is just an excuse for indiscipline and it's one thing that keeps them mentally trapped, it's all about having self control

Another reason for this, is ignorance, a good amount of gamers don't think or picture what's life like being responsible. The term look weird to them and doesn't fit into their perspective of what gambling should be, so they end up making grievous mistakes out of no prior training on how to deal with the excessive desire for wealth through gambling.

Before someone even starts to conceive that idea of becoming rich through gambling, they should ask their selves if there are many gamblers that has became rich through gambling and that can give them a rethink that they should gamble responsibly and only take calculated risk.

The motivation most people get could  e as a result of a friend of theirs who has been hitting the jackpot  for a while now and all he tells them is, i jusy made it huge win and the  the next week same thing again. That would definitely  make them curious to how easy this person manages to pull such a huge win within a short time frame unknow to them that the part they heard off is just a fraction of what that other person has gone through or should I say an edited version of the entire story. Because  of that they never failed to doubt for once that they can also pull off same win. And majority of the time our first trial is always the lucky one so that gives them more conviction that gamble is the right part to follow

Friend stories about big wins trigger fomo because they show only highlights not the full playbook
what gets shared is the edited version wins get shouted losses stay quiet so it looks easy when it really isnt.
Many fall for survivorship bias they notice winners and ignore the many who lost before that lucky hit
first trial luck fools a lot of people into thinking skill was involved when it was just variance.

Social pressure also plays a role hearing a mate boast repeatedly creates urgency and curiosity and that makes bad decisions feel normal
people often copy without asking for proof like bankroll size loss history or how often the wins happened compared to losses.
Set strict bankroll rules and stop limits before placing a bet start with tiny amounts to test claims and keep a log of results so decisions are data driven not emotional never borrow to chase a story and avoid chasing losses after an initial win. Remember, the house edge and variance always exist, a single win doesnt prove a repeatable method treat those tales as entertainment and skepticism as protection, that way relationships stay intact and money stays safer.

[junder]

True.
The biggest mistake in gambling is to think of gambling as a way to get rich, and this is what most new gamblers do. However, there are many people who cannot control their greed and make the same mistake over and over again, even after they have a lot of experience in gambling.

And for this, we are actually responsible. I don't think there should be any other arguments or blaming anyone else. Rather, if we understand at the right time that we need to increase our self-control and limit gambling to entertainment only.

I believe that those who have sufficient experience but still can't control their greed are due to a lack of awareness. They tend to maintain a positive mindset in every gamble, focusing solely on the guaranteed win and ignoring the greater chance of losing.

Even if they realize that gambling is merely entertainment, they won't overdo it. Furthermore, once they have sufficient experience, they should be able to view gambling as merely entertainment, not as a means to wealth.

[Fivestar4everMVP]

True.
The biggest mistake in gambling is to think of gambling as a way to get rich, and this is what most new gamblers do. However, there are many people who cannot control their greed and make the same mistake over and over again, even after they have a lot of experience in gambling.

And for this, we are actually responsible. I don't think there should be any other arguments or blaming anyone else. Rather, if we understand at the right time that we need to increase our self-control and limit gambling to entertainment only.

I believe that those who have sufficient experience but still can't control their greed are due to a lack of awareness. They tend to maintain a positive mindset in every gamble, focusing solely on the guaranteed win and ignoring the greater chance of losing.

Even if they realize that gambling is merely entertainment, they won't overdo it. Furthermore, once they have sufficient experience, they should be able to view gambling as merely entertainment, not as a means to wealth.

I can tell you that there are alot of well experienced gamblers today who view gambling, both online and offline, not as any means of entertainment but solely as a means for them to make money, this type of gamblers treat gambling as a serious business and this is how we usually see some of them that are particularly interested in playing lotto or pool, we see some of them sitting in the game shop, searching through a large paper which contains all the numbers that previously won, from this, they will try to forecast what number will play in the present and future, they can spend their entire day doing this.

But personally, I would say that the sooner a person realizes and only treat gambling as a fun venture, the better their life becomes, except if the person is already rich before he or she started gambling.

[Fredomago]

True.
The biggest mistake in gambling is to think of gambling as a way to get rich, and this is what most new gamblers do. However, there are many people who cannot control their greed and make the same mistake over and over again, even after they have a lot of experience in gambling.

And for this, we are actually responsible. I don't think there should be any other arguments or blaming anyone else. Rather, if we understand at the right time that we need to increase our self-control and limit gambling to entertainment only.

I believe that those who have sufficient experience but still can't control their greed are due to a lack of awareness. They tend to maintain a positive mindset in every gamble, focusing solely on the guaranteed win and ignoring the greater chance of losing.

Even if they realize that gambling is merely entertainment, they won't overdo it. Furthermore, once they have sufficient experience, they should be able to view gambling as merely entertainment, not as a means to wealth.

Most of those who managed to treat gambling as part of entertainment they managed to lessen the amount of their losses, knowing that it should be treated as entertainment and not a surce of income that you can always win, though there are experienced gamblers who still unable to manage their gambling the way it should be, as you mentioned they unable to overome that lust to win decently.

[sotelorene]

True.
The biggest mistake in gambling is to think of gambling as a way to get rich, and this is what most new gamblers do. However, there are many people who cannot control their greed and make the same mistake over and over again, even after they have a lot of experience in gambling.

And for this, we are actually responsible. I don't think there should be any other arguments or blaming anyone else. Rather, if we understand at the right time that we need to increase our self-control and limit gambling to entertainment only.

I believe that those who have sufficient experience but still can't control their greed are due to a lack of awareness. They tend to maintain a positive mindset in every gamble, focusing solely on the guaranteed win and ignoring the greater chance of losing.

Even if they realize that gambling is merely entertainment, they won't overdo it. Furthermore, once they have sufficient experience, they should be able to view gambling as merely entertainment, not as a means to wealth.

Most of those who managed to treat gambling as part of entertainment they managed to lessen the amount of their losses, knowing that it should be treated as entertainment and not a surce of income that you can always win, though there are experienced gamblers who still unable to manage their gambling the way it should be, as you mentioned they unable to overome that lust to win decently.

Yea and even without seeing gambling as an entertainment one should not take gambling so serious and personal because it can be very disastrous and dangerous if we do, it will make us want to gamble to win more even when there is no possiblity or chance of winning because of wrong perspective or mindset. Gambling should not be done every time rather it should be done at one free time or moderately so that it doesn't get into our head because the more one gamble the more they are drawing near to addiction. The truth is that no matter how careful you are, if you gamble almost all the time there is a high chance you will turn an addict.

[|MINER|]

I can tell you that there are alot of well experienced gamblers today who view gambling, both online and offline, not as any means of entertainment but solely as a means for them to make money, this type of gamblers treat gambling as a serious business and this is how we usually see some of them that are particularly interested in playing lotto or pool, we see some of them sitting in the game shop, searching through a large paper which contains all the numbers that previously won, from this, they will try to forecast what number will play in the present and future, they can spend their entire day doing this.

But personally, I would say that the sooner a person realizes and only treat gambling as a fun venture, the better their life becomes, except if the person is already rich before he or she started gambling.

I will agree with you that there are still many gamblers who take gambling very seriously, sometimes they even consider it as a source of income and at the same time there are big gangs who are also involved in big criminal activities like match fixing.
And at the same time I will also say that just as these incidents are real, gambling in this way is definitely not a good sign. And I would also like to say that those types of gamblers often realize later in their lives that what they did was not responsible gambling, but rather that their lives are being put in a terrible situation because of that type of gambling. So we should all take risks responsibly before it's too late.

[leonair]

"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?

It is normal to take risks while gambling, but if someone gets too excited and wants to take a big risk, then it will be an addiction and he will have to face a lot of losses. If you do not take responsibility for your losses, then it will be very difficult to avoid big losses.
Many people cannot manage the issue of risk management. As a result, they become very excited and as long as they have funds, they do not hesitate to use them in betting. A big aspect of risk management is to stay within a limitation. If you continue to gamble without following any kind of limitation, you will never be able to manage risk.

[Tmoonz]

Everything that has to do with games of chance and sports betting , we must have financial maturity, It is known that when betting that money it is not safe, we are risking losing that money Completely There are some daring gamblers who do not give it the required importance and they do it , some win , others do not, but at this moment in life I am not capable of Taking a risk in sports betting or in a casino, in fact most of the bets are with very little Money.

If you can't risk it, there is no point in even giving it a thought in the first place. The little you are comfortable with wagering in any bet keeps your mind at rest and at peace whateverthe result of the game comes out like. You have not much to worry about because you stake little, but you see the type of risk that those gamblers take that say, "no risk, no reward," and they take high risk and stake high. The level of unrest they have in them while they wait for a game result is something that can send a BP patient straight away to the hospital.

Gambling is as simple as bit what you can swallow and failure to recognize this the end of the story might not really be good although some might solve it while some might not and life goes keeps going on, no matter how much we talk about this there must be those who will never learn until the hard way, the bp you are talking about this days doesn't only take people to the hospital there are ongoing death rates as a result of bp, while not save your safe from such trauma, people will intentionally go beyond their limits and say it is the hand of the devil, there is nothing as principle as gambling within your limits and most importantly with the money that belongs to you that you can easily do away with.

[POPOLUV]

Taking risks responsibly should always be in the back mind of every gamblers  because there are some risks a gambler can take in life having the mindsets that the particular game will change his life if the game he stake eventually wins and it happens that he lose the game, believe me that such gambler can kill himself because of the amount he used to stake the game, I'm talking out of experience because there is this man in place that sold his plot of land just to play three sure draws and the used all the amount he used in selling the plot of land to the three draws in pool office and when the results came out and it happens that the three draws cut by one game and the fall immediately and died because he used his only assets for gambling, so it is very important and necessary to risks responsibly.

[programmer3666]

"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?

I like the phrase responsible risk it kind of speaks some sense to someones brain because people get carried away by making quick profits this days...TBecause it means knowing that gambling always carries risk, but making sure you set limits so it does not get out of control for you is a really a big blessing. like it is advisable to only be betting what you can afford to lose, not chasing losses and knowing when to walk away are part of being responsible with risk if i am to point out. I don’t think most players really gamble with responsible risk at all. Many people get carried away once emotions kick in!!! especially when they are losing... a responsible player accepts that luck can go both ways and does not let the excitement push them into bad decisions...so honestly the risk is always there but the way you manage it decides if you are being smart or reckless...

[junder]

I can tell you that there are alot of well experienced gamblers today who view gambling, both online and offline, not as any means of entertainment but solely as a means for them to make money, this type of gamblers treat gambling as a serious business and this is how we usually see some of them that are particularly interested in playing lotto or pool, we see some of them sitting in the game shop, searching through a large paper which contains all the numbers that previously won, from this, they will try to forecast what number will play in the present and future, they can spend their entire day doing this.

But personally, I would say that the sooner a person realizes and only treat gambling as a fun venture, the better their life becomes, except if the person is already rich before he or she started gambling.

It's undeniable that many people gamble, even those with experience, and some do it as a way to make money, even though I suspect they understand the risks. And with what you mentioned about the numbers, this happened to my brother-in-law. Every day he carries paper and writing tools to write down certain numbers. I saw quite a lot of them, lined up sideways and down. I myself don't understand this type of gambling, which is usually called lottery in my neighborhood. That's a routine activity my brother-in-law does, but I've never seen him win, or perhaps he's deliberately hiding it.

[nullama]

"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?

That's actually true.

We live in a world that has intrinsic dangers. There's a risk of getting killed while crossing the street, yet everyone does it.

The key thing is to manage risks.

Some risks are so low that you can just ignore them.

Other risks are higher, but their rewards are so high that it's worth it.

It's up to each person to establish what is a reasonable risk for them.

[xenomorfo]

True.
The biggest mistake in gambling is to think of gambling as a way to get rich, and this is what most new gamblers do. However, there are many people who cannot control their greed and make the same mistake over and over again, even after they have a lot of experience in gambling.

And for this, we are actually responsible. I don't think there should be any other arguments or blaming anyone else. Rather, if we understand at the right time that we need to increase our self-control and limit gambling to entertainment only.

Well done Miner, you hit the nail on the head. By betting, playing poker, or playing slot machines, you don't get rich. You get poor if you play with these expectations.
But if you say, i have a budget of 10 euros and i want to have some fun, then everything changes. In my opinion, this is something we need to understand.

[Olatundespo]

"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?

It is normal to take risks while gambling, but if someone gets too excited and wants to take a big risk, then it will be an addiction and he will have to face a lot of losses. If you do not take responsibility for your losses, then it will be very difficult to avoid big losses.
Many people cannot manage the issue of risk management. As a result, they become very excited and as long as they have funds, they do not hesitate to use them in betting. A big aspect of risk management is to stay within a limitation. If you continue to gamble without following any kind of limitation, you will never be able to manage risk.

You cannot win in gambling if you do not take risks. If you expect to win big, you have to take risks. Now the biggest problem in gambling is controlling excitement. If gamblers are excited, they cannot take big risks because they are afraid of excitement and they are not able to play the desired amount.
Risk management is as important for gamblers as it is for you if you do not take risks, your gambling will be worthless. Not everyone gambles just for fun. There are many gamblers who play to win and make money. I think that limiting risk gambling is the first step in risk management. The second step is to allocate limited time.

[hedgeh0g]

Taking risks responsibly should always be in the back mind of every gamblers  because there are some risks a gambler can take in life having the mindsets that the particular game will change his life if the game he stake eventually wins and it happens that he lose the game, believe me that such gambler can kill himself because of the amount he used to stake the game, I'm talking out of experience because there is this man in place that sold his plot of land just to play three sure draws and the used all the amount he used in selling the plot of land to the three draws in pool office and when the results came out and it happens that the three draws cut by one game and the fall immediately and died because he used his only assets for gambling, so it is very important and necessary to risks responsibly.

It may sound harsh, but I believe that the gambler is entirely to blame if he tries to pawn and sell everything he has in order to replenish his gambling deposit. And if he hopes that this will change his life, then such an irresponsible player deserves to receive a slap in the face from life, also if he does not come to his senses after this.

Responsible gamblers play only with the remainder of their income, after they have fulfilled all their obligations to themselves (food and utility bills) or family.

[|MINER|]

Well done Miner, you hit the nail on the head. By betting, playing poker, or playing slot machines, you don't get rich. You get poor if you play with these expectations.
But if you say, i have a budget of 10 euros and i want to have some fun, then everything changes. In my opinion, this is something we need to understand.

We should not forget that the real purpose of gambling is that gambling was originally born for the purpose of entertainment and it is actually visible to us that if we do not consider it as a means of getting rich very easily or a means of generating money without entertainment, then what can happen to us. So not only in the case of slot casino games but in the case of any type of gambling including the sport betting, we should only consider it as entertainment.

And accordingly, to gamble responsibly, we should only spend what we can afford to lose.