Taking risks responsibly.

[ejikeme24]

You kw, I tell a lot of people that the main thing with gambling is not even the risk itself but how you handle it. A lot of people enter the game without control, they just keep chasing wins and before they know it, they have crossed the line.

Knowing the risk that is involve should not be take for granted Because is also a problem if you don't know about this risk you may not know how to handle it, knowing the risk about gambling is supposed to be the first thing a gambler should know before looking for a way to handle it. Yeah Alot of people were seeing gambling in the simplest form especially when they see people making profit from gamble, they feel that making wining from gambling is very simple not until they tested it. sure if you don't know how gambling works you will definitely end up crossing the line and before you will realize what you're doing by then you must have lose Alot of money. 

[Agbe]

Knowing the risk that is involve should not be take for granted Because is also a problem if you don't know about this risk you may not know how to handle it, knowing the risk about gambling is supposed to be the first thing a gambler should know before looking for a way to handle it. Yeah Alot of people were seeing gambling in the simplest form especially when they see people making profit from gamble, they feel that making wining from gambling is very simple not until they tested it. sure if you don't know how gambling works you will definitely end up crossing the line and before you will realize what you're doing by then you must have lose Alot of money. 

Having a better understanding about the Risk in gambling is not just important but very very essential and many of us need to have that understanding. Many people are moved into gambling just because we see others win, without knowing that behind every win they have been so many countless losses that we don't know about.  Gambling is not easy as so many of us see it as. To me I see it as a system that's built with odds that often favor the house, not the bettors.
So yes, knowing the risks of gambling should be the first step. It helps gamblers protect their finances, and stay within their limits. Without this understanding, its 100% sure that one can make a very big financial mistake.

[Ricardo11]

"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?

Responsible risk taking is crucial when it comes to gambling, because it is actually the bed rock to what determines the success or failure of any gambler who consistently risk his/her funds on games, while hoping to get lucky someday. Because to be frankly speaking, it is only by taking calculative risk, that the gambler can avoid going bankrupt and enjoy his/her moment while gambling. Because the moment a user becomes addictive, it becomes dangerous to both himself and the people around him, as he is likely to spend more time and money gambling, which is likely to have both psychological, mental and physical effects on him. Hence, the reason why responsible gambling is meant to be  every gamblers top most priority.

Responsibility is the most important thing in gambling, and no one can ever ignore it, because ignoring responsibility will only lead to greater losses. In gambling, you can easily get out of control, because it is so tempting, so you have to be careful from the beginning. Only a person who plays within his limits, keeps a budget, learns to accept losses and controls his time can keep himself safe in the long run, because the more limited and controlled his activities are, the less likely you will be to become addicted.

[Slow death]

Yeah, “responsible risk” makes sense to me. For me it’s about setting limits and knowing when to stop. Honestly though, I think only a small part of players actually manage that.

I think the vast majority of gamblers actually gamble responsible, as in, they don't spend all their life savings in gambling

Only a few gamblers actually end up losing it all

Unfortunately, despite the vast majority of people playing for entertainment, the small number of people who become addicted to gambling manage to lose a lot, commit suicide, which tarnishes gambling to the point that all news channels and governments ignore the fact that there is a vast majority who are playing and are not addicted. Governments simply rush to accuse gambling of destroying society and impose sanctions and bans. Unfortunately, this is the harsh reality.

[Ivystar5]

Yeah, “responsible risk” makes sense to me. For me it’s about setting limits and knowing when to stop. Honestly though, I think only a small part of players actually manage that.

I think the vast majority of gamblers actually gamble responsible, as in, they don't spend all their life savings in gambling

Only a few gamblers actually end up losing it all

Unfortunately, despite the vast majority of people playing for entertainment, the small number of people who become addicted to gambling manage to lose a lot, commit suicide, which tarnishes gambling to the point that all news channels and governments ignore the fact that there is a vast majority who are playing and are not addicted. Governments simply rush to accuse gambling of destroying society and impose sanctions and bans. Unfortunately, this is the harsh reality.

Right, even doing government have proof that there is much more number of good gamblers or people who can go for entertainment without getting addicted yet they would rather go for those addicts data's to judge the entire population of gamblers just to milk them with sanctions and the impose possible tax on those who at the end of the day even with those tax still wins. This part of reality we can not beat it, we just have to deal with it.

[CryptSafe]

Knowing the risk that is involve should not be take for granted Because is also a problem if you don't know about this risk you may not know how to handle it, knowing the risk about gambling is supposed to be the first thing a gambler should know before looking for a way to handle it. Yeah Alot of people were seeing gambling in the simplest form especially when they see people making profit from gamble, they feel that making wining from gambling is very simple not until they tested it. sure if you don't know how gambling works you will definitely end up crossing the line and before you will realize what you're doing by then you must have lose Alot of money. 

Having a better understanding about the Risk in gambling is not just important but very very essential and many of us need to have that understanding. Many people are moved into gambling just because we see others win, without knowing that behind every win they have been so many countless losses that we don't know about.  Gambling is not easy as so many of us see it as. To me I see it as a system that's built with odds that often favor the house, not the bettors.
So yes, knowing the risks of gambling should be the first step. It helps gamblers protect their finances, and stay within their limits. Without this understanding, its 100% sure that one can make a very big financial mistake.

Normally before anything is done, one must do well to run their analysis which also includes risk management and this is one of the major focus to best capitalise on so that one isn't taken unawares.

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

[GeorgeJohn]

You kw, I tell a lot of people that the main thing with gambling is not even the risk itself but how you handle it. A lot of people enter the game without control, they just keep chasing wins and before they know it, they have crossed the line.

Knowing the risk that is involve should not be take for granted Because is also a problem if you don't know about this risk you may not know how to handle it, knowing the risk about gambling is supposed to be the first thing a gambler should know before looking for a way to handle it. Yeah Alot of people were seeing gambling in the simplest form especially when they see people making profit from gamble, they feel that making wining from gambling is very simple not until they tested it. sure if you don't know how gambling works you will definitely end up crossing the line and before you will realize what you're doing by then you must have lose Alot of money. 

anyone who is into gambling has already know the risky that is involved in gambling, the risk of gambling is very obvious and you cannot go into gambling one time and the expect winning getting winning is by opportunity it is not a guarantee that you are going to win for gambling that is primary things that every person who is in to gambling supposed to have understand or know before now, so what I'm trying to say is that we are supposed to understand the basic things that have to do with the risk of gambling

Someone who takes series in gambling or who bet in gambling knows that there is no Assurance of winning and there is every possibility that what you stake can be against you and on that note it will lose totally, that is why people do have a team gambling because they will have a different idea, and different funds from different persons.

[Rockson1]

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

Of course the risk attached to gambling is loss, the chasing of loss is a habit that people cultivate having in mind that as they become consistent in gambling they will eventually end up winning big but it becomes a mind deceit at the end, does loss chasers even think about addiction, although I understand what you are trying to say but I now understand better that some gambler don't play safe when they want it big, they don't care about anything at the point of chasing shadows, something I wonder if some don't know about loss, I think addicted gamblers are the causes of their own shit, I understand that it is not easy to stay safe while gambling people are doing it so I believe that it just about being disciplined that's all.

[CryptSafe]

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

Of course the risk attached to gambling is loss, the chasing of loss is a habit that people cultivate having in mind that as they become consistent in gambling they will eventually end up winning big but it becomes a mind deceit at the end, does loss chasers even think about addiction, although I understand what you are trying to say but I now understand better that some gambler don't play safe when they want it big, they don't care about anything at the point of chasing shadows, something I wonder if some don't know about loss, I think addicted gamblers are the causes of their own shit, I understand that it is not easy to stay safe while gambling people are doing it so I believe that it just about being disciplined that's all.

Gamblers do not just become addicted overnight, but it is an act that has repeatedly transformed into a lifestyle which was nurtured unknown to the person.  Gamblers play games and not mind or play with caution. A disciplined gambler would quit immediately their budget finishes because they have a budget for that day gambling and the desperate gamblers with no budget continues to gamble and not minding what is before them and they eventually gamble beyond they had budgeted for which makes the begin to chase their loses and for the fact that they have no knowledge of gambling principles, they begin to chase their loses and end up being addicted.

[laijsica]

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

Of course the risk attached to gambling is loss, the chasing of loss is a habit that people cultivate having in mind that as they become consistent in gambling they will eventually end up winning big but it becomes a mind deceit at the end, does loss chasers even think about addiction, although I understand what you are trying to say but I now understand better that some gambler don't play safe when they want it big, they don't care about anything at the point of chasing shadows, something I wonder if some don't know about loss, I think addicted gamblers are the causes of their own shit, I understand that it is not easy to stay safe while gambling people are doing it so I believe that it just about being disciplined that's all.

It is not about chasing big wins, gamblers are running to recover their lost money and become addicted. Gamblers think that they will keep winning small amounts and gradually they will be able to recover their money. I think they do not think about addiction because at that time they only want to recover their lost money. That is why gamblers should not have the only intention of making money while gambling. If the purpose is entertainment, the tendency to earn money is very low and they will not chase after recovering money, which means that gamblers will be much less likely to become addicted.

[alastantiger]

Someone who takes series in gambling or who bet in gambling knows that there is no Assurance of winning and there is every possibility that what you stake can be against you and on that note it will lose totally, that is why people do have a team gambling because they will have a different idea, and different funds from different persons.

Gambling is a game of chance hence for anyone gambling, they have to be willing to leave their chances of winning to fate or luck. There's no guarantee that any game is going to come out as you predicted because you're not incharge or you don't have any power of the final result. Everybody is only hoping that their choices gives them profits and that's why we have to take risks responsibly so we don't regets when we don't get the results that we wanted. When the game doesn't go as you planned but your capital was moderate, you won't feel the impact of the losses but when the staked amount was over your budget, you'll get overwhelmed with the losses and this might start other reactions that won't be healthy like you panicking and trying to recover your losses by taking more risks.

[nullama]

In my opinion, it is difficult to understand what a "responsible risk" is without resorting to mathematical probability theory.

In life, risks are quite difficult to assess, since there is a possibility of losing not only money, but also health, time, reputation, and even life itself. In gambling, everything is simpler - a player, as a rule, can only lose money. Accordingly, risks (in this situation) can be assessed using mathematical probability theory.

When placing a bet, a player can lose a certain amount of money (with some probability), or he can win a certain amount of money (also with some probability). Having made such a calculation, the player shows that his risk is a "responsible risk".

To do this, it is enough to make sure that the probability of winning 1 dollar in his case is higher than the probability of losing this 1 US dollar.

Yeah, I think the issue with the whole phrase of responsible risk is that basically allowing to continue gambling but without having the requirement of banning or anything like that.

Basically you can continue to gamble, but not too much, but who gets to decide what's enough.

[Rockson1]

It is not about chasing big wins, gamblers are running to recover their lost money and become addicted. Gamblers think that they will keep winning small amounts and gradually they will be able to recover their money. I think they do not think about addiction because at that time they only want to recover their lost money. That is why gamblers should not have the only intention of making money while gambling. If the purpose is entertainment, the tendency to earn money is very low and they will not chase after recovering money, which means that gamblers will be much less likely to become addicted.

Good statement, you know the reality here is, not every gambler understand that chasing big wins might likely result to adducton if they don't retrace very quick, sometime i ask whats the news of chasing loss, although new gamblers don't understand this things espacially those ones that believe that they can get very rich through gambling, I think the mindset of most gambler is the reason for considering chasing big wins win as the best option they can apply while gambling, gamblers is not a daily, weekly or monthly paid sure job, it is part of fun and entertainment and I think it should be the reason why gammblers should see it as such to avoid getting lost while trying to close down the casinos which is impossible.

[andywolfer]

I do like the phrase. For me “responsible risk” means knowing the downside before you act, setting limits, and not letting emotions take over. Most players probably don’t practice that — they chase wins or losses — but the few who manage their risk consciously are the ones who last longer.

[CryptSafe]

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

Of course the risk attached to gambling is loss, the chasing of loss is a habit that people cultivate having in mind that as they become consistent in gambling they will eventually end up winning big but it becomes a mind deceit at the end, does loss chasers even think about addiction, although I understand what you are trying to say but I now understand better that some gambler don't play safe when they want it big, they don't care about anything at the point of chasing shadows, something I wonder if some don't know about loss, I think addicted gamblers are the causes of their own shit, I understand that it is not easy to stay safe while gambling people are doing it so I believe that it just about being disciplined that's all.

It is not about chasing big wins, gamblers are running to recover their lost money and become addicted. Gamblers think that they will keep winning small amounts and gradually they will be able to recover their money. I think they do not think about addiction because at that time they only want to recover their lost money. That is why gamblers should not have the only intention of making money while gambling. If the purpose is entertainment, the tendency to earn money is very low and they will not chase after recovering money, which means that gamblers will be much less likely to become addicted.

Chasing big wins isn't the major factor that leads to gamblers addiction, but rather the thought of chasing their loses to recovering all they've lost is one of the things that triggers the addiction which they have no idea about. This has been the issue facing gamblers and they seems not to really understand this aspect of gambling because majority of them do not to have knowledge of gambling principles which could have enlightened them more about gambling and consequences of chasing loses.

[Ricardo11]

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

Of course the risk attached to gambling is loss, the chasing of loss is a habit that people cultivate having in mind that as they become consistent in gambling they will eventually end up winning big but it becomes a mind deceit at the end, does loss chasers even think about addiction, although I understand what you are trying to say but I now understand better that some gambler don't play safe when they want it big, they don't care about anything at the point of chasing shadows, something I wonder if some don't know about loss, I think addicted gamblers are the causes of their own shit, I understand that it is not easy to stay safe while gambling people are doing it so I believe that it just about being disciplined that's all.

In fact, this mentality of recovering losses leads a gambler to addiction even without his knowledge, he may think that the next round will bring him a big win.
And in the hope of this big win, he keeps losing round after round, and in this way his losses become huge, which ultimately becomes a very big loss and pushes them towards addiction.
I agree that most addicted gamblers have lost a huge amount of money in gambling due to their own wrong decisions and have become addicted, if they could have accepted defeat and stopped themselves at the right time, they would not have suffered this loss.
But their emotions do not let them stop, and this is the biggest problem for a gambler. So if you cannot be realistic here, it is difficult to stop at the right time.
You must decide through reality, losses cannot be recovered from gambling, you must accept this reality and only conduct gambling for entertainment purposes in a limited scope, then I think it will definitely be possible to escape from this terrible addiction.

[Ever-young]

I do like the phrase. For me “responsible risk” means knowing the downside before you act, setting limits, and not letting emotions take over. Most players probably don’t practice that — they chase wins or losses — but the few who manage their risk consciously are the ones who last longer.

It could also mean knowing when to take a break and when to continue playing. So many gamblers lack this ability, there are times that the game can get so intense and proceeding could end in disaster, many gamblers at this point would still wanna keep playing even when they know the odds are completely against them and proceeding would land them into even bigger troubles, this is not a responsible practice at all, because a responsible gambler would be able to discern that it’s already game over for them and then they’d gently just step.

[NurseHub]

Responsible risk is applying the rules of gambling to what you can afford to lose. been calculative in gambling, been careful with their stake. Because if there's no risk in gambling, a lot of people won't make big wins, but those that take this risk sometimes make a lot of calculations. There are people who are ready to put in all the money in their wallet or even borrow to make a bet on a game; some call it a sure odd. This is not a responsible risk.

[Scarlett_23]

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

Of course the risk attached to gambling is loss, the chasing of loss is a habit that people cultivate having in mind that as they become consistent in gambling they will eventually end up winning big but it becomes a mind deceit at the end, does loss chasers even think about addiction, although I understand what you are trying to say but I now understand better that some gambler don't play safe when they want it big, they don't care about anything at the point of chasing shadows, something I wonder if some don't know about loss, I think addicted gamblers are the causes of their own shit, I understand that it is not easy to stay safe while gambling people are doing it so I believe that it just about being disciplined that's all.

Gamblers do not just become addicted overnight, but it is an act that has repeatedly transformed into a lifestyle which was nurtured unknown to the person.  Gamblers play games and not mind or play with caution. A disciplined gambler would quit immediately their budget finishes because they have a budget for that day gambling and the desperate gamblers with no budget continues to gamble and not minding what is before them and they eventually gamble beyond they had budgeted for which makes the begin to chase their loses and for the fact that they have no knowledge of gambling principles, they begin to chase their loses and end up being addicted.

Watching gambling, a person's interest in the game arises. From that interest, the game gradually starts. If someone can control himself and play only for fun, he is saved from loss. On the other hand, the person who loses control while playing, his life becomes very challenging. He continues to play beyond his budget and tries to extort money from his loved ones at home in various ways. If he does not want to give, they often resort to theft. In this way, a person addicted to gambling gradually moves away from his family, friends and loved ones. The gambler makes the most mistakes when he runs after winning. The greed of winning catches him in such a way that he drowns in debt. Therefore, it is more reasonable to play by keeping his memory awake and creating a budget instead of playing ignorantly.

[CryptSafe]

In gambling, the risk involved is loss of funds to games and others factors which also includes possibility of chasing losses which leads to addiction is a major risk to put into consideration and draw your plans so that you do not have any issues with your gambling lifestyle and this is what many gamblers fail to look into and this aspect of one's duty is seriously lacking little wonder you see addicted gamblers everywhere making reckless mistakes.

Of course the risk attached to gambling is loss, the chasing of loss is a habit that people cultivate having in mind that as they become consistent in gambling they will eventually end up winning big but it becomes a mind deceit at the end, does loss chasers even think about addiction, although I understand what you are trying to say but I now understand better that some gambler don't play safe when they want it big, they don't care about anything at the point of chasing shadows, something I wonder if some don't know about loss, I think addicted gamblers are the causes of their own shit, I understand that it is not easy to stay safe while gambling people are doing it so I believe that it just about being disciplined that's all.

In fact, this mentality of recovering losses leads a gambler to addiction even without his knowledge, he may think that the next round will bring him a big win.
And in the hope of this big win, he keeps losing round after round, and in this way his losses become huge, which ultimately becomes a very big loss and pushes them towards addiction.
I agree that most addicted gamblers have lost a huge amount of money in gambling due to their own wrong decisions and have become addicted, if they could have accepted defeat and stopped themselves at the right time, they would not have suffered this loss.
But their emotions do not let them stop, and this is the biggest problem for a gambler. So if you cannot be realistic here, it is difficult to stop at the right time.
You must decide through reality, losses cannot be recovered from gambling, you must accept this reality and only conduct gambling for entertainment purposes in a limited scope, then I think it will definitely be possible to escape from this terrible addiction.

All these happens to a gambler who does not have orientation on how gambling works. Most of them began to gamble just because they heard someone or any of their friends win big and that served as their conviction to gamble without any prior knowledge of how it is done. For the fact that they are ignorant, they play without principles and have no orientation about gambling. And when they begin to encounter  challenges of consecutive game loses, they begin to chase their loses to recovering all they've lost and in the process,they become addicted without them knowing about it as they would be thinking it is just a normal thing as they gamble regularly.