High Risk In Gambling

[sunsilk]

Things with trading are different, it doesn't matter if you earn a little with trading, that percentage helps because it's profits, betting is always a risk that is taken, but I don't advise taking big risks betting, it's not healthy, you have to think about what you are going to lose, you don't have to think about what you will win, if we get excited about what we will win it may not happen, in betting one must have a lot of iron heart.

Most gamblers who have gambling as part of their daily living won't have any problem in taking huge risks. But they know the consequences of it if the results go against their expectation.

But it is common for all gamblers to think of what they're going to win because we're all positive thinking that we'd win and so, we gamble.

A gambler won't think of negative outcome from the beginning because if so, they wouldn't take any risk if they tend to just lose although the reality clicks and we all know that more than half of us are losing more. And maybe, some of them losses what they can't afford.

[uchegod-21]

Things with trading are different, it doesn't matter if you earn a little with trading, that percentage helps because it's profits, betting is always a risk that is taken, but I don't advise taking big risks betting, it's not healthy, you have to think about what you are going to lose, you don't have to think about what you will win, if we get excited about what we will win it may not happen, in betting one must have a lot of iron heart.

Most gamblers who have gambling as part of their daily living won't have any problem in taking huge risks. But they know the consequences of it if the results go against their expectation.

But it is common for all gamblers to think of what they're going to win because we're all positive thinking that we'd win and so, we gamble.

A gambler won't think of negative outcome from the beginning because if so, they wouldn't take any risk if they tend to just lose although the reality clicks and we all know that more than half of us are losing more. And maybe, some of them losses what they can't afford.

I understand that it is way easier and convenient to focus more on what you stand to gain than what you stand to lose. I don't think @danadc was wrong when he said gamblers should think about what they stand to lose. This is infact the first step to a successful risks management.

What this implies is that the gambler after evaluating what he might likely lose if the outcome doesn't end in his favour, will at that point decide on what budget is best to gamble with so he does not regret his actions. Gamblers who borrow and sell off their properties just to gamble truly missed out on this particular stage of evaluating themselves and their risks tolerance.  Winning is sweet, but the real emotions reflects on you when you lose unexpectedly. If I know I will hurt myself if I lose that money, I will seek for alternative means to multiply that money.

[Eternad]

If a gambler can gamble with only small amounts he can afford to lose, not minding the fact that he might be winning small amount too, he will be saving himself from the dangers involved. Greed is the major enemy of gamblers, those who have conquered this enemy have nothing to worry about.

Overcoming greed is not easy if a gambler sees gambling as a way to earn money. Greed is always present in our personality so when there is a chance we are getting what we wanted, there is always the urge to want more of it.

Greed is only not an issue for gamblers that plays for fun and doesn't care if they win or lose the game. Their only goal is to seek enjoyment through gambling.

[gunhell16]

Things with trading are different, it doesn't matter if you earn a little with trading, that percentage helps because it's profits, betting is always a risk that is taken, but I don't advise taking big risks betting, it's not healthy, you have to think about what you are going to lose, you don't have to think about what you will win, if we get excited about what we will win it may not happen, in betting one must have a lot of iron heart.

Most gamblers who have gambling as part of their daily living won't have any problem in taking huge risks. But they know the consequences of it if the results go against their expectation.

But it is common for all gamblers to think of what they're going to win because we're all positive thinking that we'd win and so, we gamble.

A gambler won't think of negative outcome from the beginning because if so, they wouldn't take any risk if they tend to just lose although the reality clicks and we all know that more than half of us are losing more. And maybe, some of them losses what they can't afford.

While some gamblers might think that way, the majority still don't, right? Because most people truly rely on the luck they might get. So we can expect that gamblers with only a small
capital are definitely the ones who are truly hoping for luck.

However, gamblers with a large source of funds probably don't think like that. Instead, their mindset is likely similar to what you mentioned in your first paragraph, dude.

[nakamura12]

It's not very good to think that gambling is can be a way to earn profit since it's not always what you wanted to happen because it is base on luck even if the game you are playing isn't slot games. The reason why it is not good is that there's a high chance that you will lose your money so it's better if you gamble for entertainment. You may say that there are some people who did it but they are pro gamblers and surely have some good income since you will need a lot of money to do it.

[Odusko]

It's not very good to think that gambling is can be a way to earn profit since it's not always what you wanted to happen because it is base on luck even if the game you are playing isn't slot games. The reason why it is not good is that there's a high chance that you will lose your money so it's better if you gamble for entertainment. You may say that there are some people who did it but they are pro gamblers and surely have some good income since you will need a lot of money to do it.

So.e people have taken it to be a way of making steady income most especially those that plays sport bets this make them to think that they are professional in some ways, but in the end it all ball down to disappointment for them since majority of time, their lose more than than they win which make the whole point of thinking to make profits from gambling to be useless and frustrating for them, that is the reason we have always advised that gambling should be taken and done for the fun of it and nothing more than that as an agenda to gamble.

[Mindyspace]

I've never gambled, but from what I've seen, gambling seems quite risky precisely because everything depends on luck. Unlike trading, where you can study and better control how much you risk, in gambling the outcome seems completely unpredictable. Therefore, I think betting everything hoping to win more can be quite dangerous.
But is there any way to play more safely, even knowing the risk is high?

Your words seem very realistic. In fact, reducing risk in gambling is not entirely safe. Some people think that if you play small amounts or set a limit, you can stay safe, but when everything depends on luck, there is no such thing as control. The most dangerous thing is to think that if you win a little, you will win big if you play more. So no matter how much control is talked about, in the end, it is not in your hands many times. There is no such thing as safe gambling, so the wisest thing to do is to stay away. And if you want to move towards gambling for fun, then that is your personal matter. If you can gamble with caution, then you can enjoy that gambling more.

You spoke a hard-to-swallow, but real truth: the idea of control is often just an illusion. Many people start thinking they'll stop whenever they want, but before they know it, they've already gone too far. And this mindset of "just one more because I won the last one" is what drags people down the most. But is it possible to enjoy this kind of game just for fun without falling into this cycle, or does it always get out of control at some point?

Pretty confusing, right?

[khaled0111]

OP, hello OP, are you there!
You posted this topic like four days ago and there are already four pages of comments but you haven’t addressed any of them! May I know why you have created this topic if you are not interested in responding to members’ comments and engaging in the discussion?

Anyways, the first thing you need to understand is that gambling has nothing to do with trading. Second, when you gamble, you should not expect any return, as you said, you can win as you can lose. So, you should not expect to make a steady income out of it.

[Fivestar4everMVP]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.
We all know the higher you stake the higher you gain, but we should learn how to take a risk, you can't stake all what you got and sit back praying for a grace to fall.
How is that helpfull ?

Well, whether helpful or not, some gamblers still stake every thing they have and hope they win so that they don't lose the money, and if they are unfortunate at the end of the day to lose the money, even though maybe angry and disappointed, they still know there is nothing they can do about the loss, so the best thing is to simply move on to the next activity whether is gambling again or doing something else.

I believe that every gambler, both old and new all understand the risks involved in gambling even before they get into it, who ever is gambling and doesn't understand or know the risks involved is either a complete new person or he is not with his or her right senses.
Gambling risk is what every gambler must understand to avoid getting into unprepared problems or issues, most especially when it comes to finance.

[Frankolala]

I understand your point OP. You should know that majority of gamblers are using gambling for the wrong purpose. They gamble for profits and not for entertainment. This is why they do use all their money to gamble in a section bit by bit. Trading is to make profits and that's why a trader can become a professional in trading. Only gamble for fun in order to limit your losses.

[sunsilk]

~snip~

I understand that it is way easier and convenient to focus more on what you stand to gain than what you stand to lose. I don't think @danadc was wrong when he said gamblers should think about what they stand to lose. This is infact the first step to a successful risks management.

What this implies is that the gambler after evaluating what he might likely lose if the outcome doesn't end in his favour, will at that point decide on what budget is best to gamble with so he does not regret his actions. Gamblers who borrow and sell off their properties just to gamble truly missed out on this particular stage of evaluating themselves and their risks tolerance.  Winning is sweet, but the real emotions reflects on you when you lose unexpectedly. If I know I will hurt myself if I lose that money, I will seek for alternative means to multiply that money.

We're all emotional and so, we don't know at the start if we're going to lose. But there's the acceptance that we might and still we continue to gamble.

We only evaluate when we're done gambling and that's for us to decide whether to continue or not.

Because if we know that we'll just lose money and without even trying to take a risk, we won't have any trouble. Yet, that's the thrill there, there is the risk, we might lose but we might win as well.

While some gamblers might think that way, the majority still don't, right? Because most people truly rely on the luck they might get. So we can expect that gamblers with only a small
capital are definitely the ones who are truly hoping for luck.

However, gamblers with a large source of funds probably don't think like that. Instead, their mindset is likely similar to what you mentioned in your first paragraph, dude.

Yeah, most big gamblers won't think that much even if they lose. It's part of their routine and they're ready to recover in any means that they can.

[Bright0515]

There nothing like a professional trader to me, as some point traders lose their money, someone whso a professional in what they do don't make mistakes, they always get successful through what they are good at. Gambling is a game of link as you have said and it's not guaranteed either. As gambler you are, there's always a disadvantage when you bet because you your money might not bring profits to you. From what's I have read so far in the this gambling board it's said that gamblers should take what they can afford to lose and that's a wise decision to take. Because if you risk too much you will never get what you wanted in gambling.

[@nn@_pen9]

I've never gambled, but from what I've seen, gambling seems quite risky precisely because everything depends on luck. Unlike trading, where you can study and better control how much you risk, in gambling the outcome seems completely unpredictable. Therefore, I think betting everything hoping to win more can be quite dangerous.
But is there any way to play more safely, even knowing the risk is high?

Their is no two ways that you can do without the risk in gambling. Gambling is always risky and you can only control the risk in gambling by gambling with the amount that you can afford to lose and another way you can also reduce the risk in gambling is just for to have a limit in gambling and don't try to exceed your limits in gambling.

Trading had it own risk but the risk in trading is much better than what we have in gambling. Risk in trading is always massive when people go into trading and not having the knowledge which is required to trade. Trading risk can be reduced by understanding it.

I believe both carry similar risks if we aren't skilled at playing them. In both gambling and trading, the results are often unpredictable. This uncertainty can lead to losses if not managed properly. In both activities, emotions such as greed, fear, and hope can influence decisions. Managing these emotions is crucial for rational decision-making. Knowing when to stop is key to avoiding further losses. If you've reached your predetermined loss limit, it's important to stop playing and not try to chase losses. In trading, use a stop-loss order to minimize losses.

[mid9tclaw02]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.
We all know the higher you stake the higher you gain, but we should learn how to take a risk, you can't stake all what you got and sit back praying for a grace to fall.
How is that helpfull ?

we all know that when it comes to gambling is a lose or gain so before you involve you already know what you are up against

[Jaycoinz]

It's not very good to think that gambling is can be a way to earn profit since it's not always what you wanted to happen because it is base on luck even if the game you are playing isn't slot games. The reason why it is not good is that there's a high chance that you will lose your money so it's better if you gamble for entertainment. You may say that there are some people who did it but they are pro gamblers and surely have some good income since you will need a lot of money to do it.

But it's pretty simple the more you think that you can make a living out of gambling the more deeper shit you put yourself, hello there are some crazy people who claim that making an ends means through gambling is possible but truth be told how possible is it that someone is going to make constant profit from something that is purely based on luck, like you don't know when your next winning will be  and that alone is a factor that someone should carefully analysis before you take careless risk in gambling.

[SATWAT]

I believe both carry similar risks if we aren't skilled at playing them. In both gambling and trading, the results are often unpredictable. This uncertainty can lead to losses if not managed properly. In both activities, emotions such as greed, fear, and hope can influence decisions. Managing these emotions is crucial for rational decision-making. Knowing when to stop is key to avoiding further losses. If you've reached your predetermined loss limit, it's important to stop playing and not try to chase losses. In trading, use a stop-loss order to minimize losses.

Most of the time when talk is going about gambling peoples engaging trading as well which is completely different thing even few arguments are favoring about similarities but still it's not worth to talk about both on same platform because always needs to stay on topic is better.
Gambling is always high risky with predictions have never been easy about winning and having profit from this even now sports betting is heading for another level with stats and analysis are giving some edge but still its never been easy to have profit.
Greediness always kills which heads for more engagement and bring loses peoples those wants to have steady income from this found this never been easy for them need good work and use of positive mind.

[leonair]

I believe both carry similar risks if we aren't skilled at playing them. In both gambling and trading, the results are often unpredictable. This uncertainty can lead to losses if not managed properly. In both activities, emotions such as greed, fear, and hope can influence decisions. Managing these emotions is crucial for rational decision-making. Knowing when to stop is key to avoiding further losses. If you've reached your predetermined loss limit, it's important to stop playing and not try to chase losses. In trading, use a stop-loss order to minimize losses.

Most of the time when talk is going about gambling peoples engaging trading as well which is completely different thing even few arguments are favoring about similarities but still it's not worth to talk about both on same platform because always needs to stay on topic is better.
Gambling is always high risky with predictions have never been easy about winning and having profit from this even now sports betting is heading for another level with stats and analysis are giving some edge but still its never been easy to have profit.
Greediness always kills which heads for more engagement and bring loses peoples those wants to have steady income from this found this never been easy for them need good work and use of positive mind.

Trading means you are buying a digital asset and selling it at a profit. So it cannot be compared to gambling in any way. Yes, trading is very risky because crypto is very volatile, due to which if you buy a coin without knowing the correct analysis, you may not make a profit from it but instead lose. But this loss never takes anyone to Zero unless someone uses leverage to trade. But gambling is betting where the chance of winning is very low but the chance of losing is very high because the odds will be very high. Making a bad loss there means losing the entire bet. But in the case of trading, even if there is a loss, it is a loss of a few percent, but it does not completely destroy the financial situation.

[virasog]

But it's pretty simple the more you think that you can make a living out of gambling the more deeper shit you put yourself, hello there are some crazy people who claim that making an ends means through gambling is possible but truth be told how possible is it that someone is going to make constant profit from something that is purely based on luck, like you don't know when your next winning will be  and that alone is a factor that someone should carefully analysis before you take careless risk in gambling.

Well, a gambler can wish to earn profits from gambling, but one thing they should know is that there is no way a gambler can make a constant profit from gambling.

This is the reason one should never think that gambling can provide a regular income and that gambling is not the replacement of your regular job or business. I know some people want to quit their job and make gambling as their full time profession. Those people have no idea that this decision or thinking may ruin their life in the mid to long term. Short-term profits bring so many wrong expectations from gambling.

[Odohu]

Gambling is mainly known as a game of win or lose, whereby sometimes gamblers do make some mistakes along their profit making journey, we all know it a game of luck, which makes us have no guarantee if it gon be a win or lose.
Unlike a professional trader, whose interest is to make even a cent, though they don't have much higher expectations like a gambler, because all they do is to invest 1% out of 100% of their balance, they don't stake all they have in trade, for example if they are having $1000 they invest just $10, in crypto trading you can even go for your own research on a specific coin of your target and still the prediction might not be certain.
We all know the higher you stake the higher you gain, but we should learn how to take a risk, you can't stake all what you got and sit back praying for a grace to fall.
How is that helpfull ?

Whatever you can do in trading about risk management, you can do the same in gambling. You can decide to gamble with less than 1% of your capital, you can also decide to risk everything, you are entirely in control of how you manage your capital. Therefore, on the basis of risk management, there is no difference between trading and gambling but on the basis of the skill involved and how organized they are, trading is far more professional and less dependent on luck than gambling.

[Floxynice]

But it's pretty simple the more you think that you can make a living out of gambling the more deeper shit you put yourself, hello there are some crazy people who claim that making an ends means through gambling is possible but truth be told how possible is it that someone is going to make constant profit from something that is purely based on luck, like you don't know when your next winning will be  and that alone is a factor that someone should carefully analysis before you take careless risk in gambling.

Well, a gambler can wish to earn profits from gambling, but one thing they should know is that there is no way a gambler can make a constant profit from gambling.

This is the reason one should never think that gambling can provide a regular income and that gambling is not the replacement of your regular job or business. I know some people want to quit their job and make gambling as their full time profession. Those people have no idea that this decision or thinking may ruin their life in the mid to long term. Short-term profits bring so many wrong expectations from gambling.

There are some successful people who have been blessed through gambling. Not neccessarily because they are making profits from gambling alone, but because the few times they were lucky enough to have won, they invested their money which now earns them steady income. They are still active gambler which some clueless gamblers see and believe that these successful guys are only making all that money through gambling alone.

No one is that fortunate to be earning constantly through gambling, who ever believes that gamblers are successful through being active gamblers alone are just deceiving themselves. If it was that easy and simple to make such profits from gambling, then every gambler would be rich.