How to be a low risk gambler

[Crypto Library]

Ultimately, gambling is always about entertainment. Yes, it's just one word: "entertainment," but its effects are profound and can save us from various significant negative impacts.

It's true, as you said, that anything high-risk shouldn't be taken seriously. This doesn't mean we ignore the risks, but rather that we shouldn't think too much about them, especially the losses we might experience, because the consequences can lead to us losing even larger sums of money due to emotions.

So, understanding that gambling is nothing more than entertainment is crucial.

You actually get my points.
Because gambling contains high-risk and I have never seen good results for those who take it seriously as an investment. And it is also very natural that if something is used for some other purpose instead of the purpose for which it should be used, it will not be possible to be successful in that case.
Anyway, success should not be used in gambling, we are here to receive entertainment, the main purpose is to get entertainment from here, even if we hope to win but face the loss.

[ASloveapg]

To be a low-risk player is simple: don't risk too much money, bet little, and only what you're willing to lose I'm a low-risk gambler, and I actually enjoy it a lot... even winning? Very little But I don't use the casino or sports betting to get rich. To get rich, I do my DCA in BTC.

Choosing to gamble to get rich is never the right decision, but rather it is the wrong decision that will destroy you even more. To become rich or achieve financial success, you have to choose the right path, such as investing or doing business, creating a source of income, and trying to achieve financial success through hard work. But for those who dream of becoming rich overnight by gambling without doing any work, this dream will never come true, but rather they will get into more trouble.

[PrivacyG]

To become rich or achieve financial success, you have to choose the right path, such as investing or doing business, creating a source of income, and trying to achieve financial success through hard work. But for those who dream of becoming rich overnight by gambling without doing any work, this dream will never come true, but rather they will get into more trouble.

I do not agree with you at all.  There are people who choose a good path and work harder than any of the Members on this Topic do.  And still they work in misery and are poorer than all of us.  Then there are people who were lazy all their lives and won a large amount of Money at the lottery or in their local Casino.  Hard work is not equal to a better life and being lazy does not always keep you poor.

[Rabata]

why people who purposely bet with low amount are people who their source of income is very low and there are gambling with what they can afford to lose

Sometimes it's challenging for low income players who can't hold on the thrills of winning. The mistake there isn't simple to handle for many, that is why, in the range of compulsive gamblers, the low income participants still surge. They're people who are not comfortable with their possessions and would wish to make out a better living through gaming, seeing betting as a way out, the urge to place more bets could end up getting them indebted.

Low-income gamblers have hopes of changing their lives through gambling. When they win one or two bets, they start researching the bets to win more. They think that gambling is the only source of income for them, with which they will get the opportunity to lead a better life than their current life. But when they lose, they are able to understand their mistake. Low-income gamblers' emotions go up and down very quickly. Those who fall under this type of gambler must have good knowledge about this.

[Byebyebtc]

Being a low risk gambler From the link, gamblers who are finding it difficult with the way they lose money can learn from this three steps.

Gamble no more than 1% of household income: It is greed that cause some huge loses that gamblers encounter, either they are going to chase what they have lost and they increase how much to gamble with or they are naturally a high risk taker. The best way to have a reasonable gambling experience is to use small amount at least 1% of monthly income. The table below also show an example how that can be calculated with the monthly salary.



Gamble no more than 4 days per month: I don't know how easy this will be for many gamblers because even around me, gamblers don't just gamble 4 times in a month. Gambling 4 times means 1 per week and I think that is reasonable. It will be easier for those who don't have Android phones   or those who are really busy with office work and barely have time, just on weekends. But this is reasonable and will help to reduce addiction if we have the emotional control. My suggestion is, to gamble four times in a month, you have to focus on few games or sports, maybe just focus of football and particularly with few leagues.

Avoid regularly gambling at more than 2 types of games: Yes like I suggested above, if you are playing on many games you will have that push to always gamble but the fewer the games the lesser times you gamble.

So how do you play as a low risk gambler?

Or you just can't adjust with the numbers of times you gamble?

This is actually a good one to help gamblers, but the truth is that gambling its harder physically than on paperwork, but it takes a good amount of disiplen to keep to this nevertheless it can never be accurate, and one percent for low income gamblers might be tooo small for them, so they can probably increase with some percentage. Gamblers shoild just be disiplen in gambling yoi should priorities riwk management.

[Mehmet69]

Low-income gamblers have hopes of changing their lives through gambling. When they win one or two bets, they start researching the bets to win more. They think that gambling is the only source of income for them, with which they will get the opportunity to lead a better life than their current life. But when they lose, they are able to understand their mistake. Low-income gamblers' emotions go up and down very quickly. Those who fall under this type of gambler must have good knowledge about this.

Yes, you are right. Low-income gamblers' emotions go up and down very quickly. Every gambler wins at least once in their life. After that, they start thinking about how they will win again next time. But due to lack of experience, they lose and the addiction to winning attracts them to gamble again and again. They use their maximum without realizing it and keep gambling. Such low-income gamblers keep losing again and again.

So all these gamblers should understand that you cannot win in gambling with emotions.

[Derekfunds]

Ultimately, gambling is always about entertainment. Yes, it's just one word: "entertainment," but its effects are profound and can save us from various significant negative impacts.

It's true, as you said, that anything high-risk shouldn't be taken seriously. This doesn't mean we ignore the risks, but rather that we shouldn't think too much about them, especially the losses we might experience, because the consequences can lead to us losing even larger sums of money due to emotions.

So, understanding that gambling is nothing more than entertainment is crucial.

You actually get my points.
Because gambling contains high-risk and I have never seen good results for those who take it seriously as an investment. And it is also very natural that if something is used for some other purpose instead of the purpose for which it should be used, it will not be possible to be successful in that case.
Anyway, success should not be used in gambling, we are here to receive entertainment, the main purpose is to get entertainment from here, even if we hope to win but face the loss.

Almost everything is risky and that of gambling is really crazy because we can not really tell when we will make profit because the chance of winning is low while that of losing is very high but regardless I don't see gambling as an entertainment I mean I don't gamble for fun I gamble to make money and even If I don't win I know that is normal. Funny enough some people who say they are gambling for entertainment or for fun still feel bad and sometimes regret when they incur loss. The best thing is just to gamble, knowing that nothing is certain in gambling and knowing this will also help some folks don't stake high I mean what they can not really afford to lose.

[Fredomago]

To be a low-risk player is simple: don't risk too much money, bet little, and only what you're willing to lose I'm a low-risk gambler, and I actually enjoy it a lot... even winning? Very little But I don't use the casino or sports betting to get rich. To get rich, I do my DCA in BTC.

Choosing to gamble to get rich is never the right decision, but rather it is the wrong decision that will destroy you even more. To become rich or achieve financial success, you have to choose the right path, such as investing or doing business, creating a source of income, and trying to achieve financial success through hard work. But for those who dream of becoming rich overnight by gambling without doing any work, this dream will never come true, but rather they will get into more trouble.

Yeah, instead of dreaming big while gambling better to find other means to earn, like the example you mentioned investing or establishing business is the best option, gambling must be treated as source of entertainment and not a quick way to make money, loses and earnings needs to be balance well and it's important that you are not forcing yourself to keep on gambling to avoid addiction and to maintain good practices to play just to enjoy and not to pressure yourself in trying to keep winning huge.

[danherbias07]

I always adjust it my way, but I do think I should put some effort into making a plan for it. A plan on when to gamble, the minutes to play, and how frequently it should be. The money should also be calculated, which I didn't do in the past.
I know that I am in control, but there are times when it gets out of hand whenever I feel like I am being cheated, and I need to take my revenge. This is actually when I spend more, which is definitely not suggested.
There must be discipline, and that's the truth. Although it's difficult to follow, it must be done.

[Hispo]

. Recreational gambling has a lot to do with spontaneity, and plans like the ones proposed in the article are not valid for that.

When someone sees gambling as a recreational activity, they just simply need to see it as a activity with no chance of getting money back.
There could be some planning when comes to deciding how often to gamble, and who much money to use, the key is not to include profits within that planning.
As long money is out of it then I would say it is pretty much safe to gamble regularly, and accordingly to our income.

[DaNNy001]

OP, if you want to be a "low risk gambler", then perhaps you shouldn't actually gamble and use your gambling budget to purchase more Bitcoin and HODL.

Because you're "low risk", then you probably don't like losing the money that you have actually earned, no? Don't waste the limited money you have.

That's a good suggestion, and bitcoin seems to be the best crypto coin to invest in because it has a low volatility compared to altcoins but can still go through market changes...The only advantage to this is that the no matter how dip the market gets it's still going to increase in value..this is why it's a low risk investment...there are really no ways to avoid risks in gambling, nothing is Sure, it's all based on luck

[Fivestar4everMVP]

Gamble no more than 4 days per month: I don't know how easy this will be for many gamblers because even around me, gamblers don't just gamble 4 times in a month. Gambling 4 times means 1 per week and I think that is reasonable. It will be easier for those who don't have Android phones   or those who are really busy with office work and barely have time, just on weekends. But this is reasonable and will help to reduce addiction if we have the emotional control. My suggestion is, to gamble four times in a month, you have to focus on few games or sports, maybe just focus of football and particularly with few leagues.

You said that gambling only 4 times in a whole month can only be possible for those who don't own an Android phone, or those very busy in the office that they barely have time except weekends.
My question now is, what about those who indeed do not own an Android phone but to own an iPhone? Does this mean that they too can actually be able to gamble only 4 times in a month? Is iPhone not a device that can be used to access online casinos at one's convinent time?
As a matter of fact, Android and iPhone are not the same but does the same things, anybody with an android or iPhone can gamble anytime they want and this is why you should have been more specific..

But overall, nice thread though, I agree with every other thing you have said, but then, it only applies to those who are maybe problem gamblers and really want to do better, or those who are being very careful with their spending in other not to run into some financial issues as a result of gambling.

[fredericktaylor]

I think when a person gambles by determining time and money and does not gamble to get back the lost money due to emotion or greed, after a big win or loss, he can take time to control the greed and gambling with money you can afford to lose and thinking about the future, after deducting all the necessary expenses, he creates a emy fund with the remaining money and uses it for gambling. When a gambler follows these rules correctly while gambling and has self-control over himself by gambling consistently, the risk of losing money will be reduced many times over.

[Akbarkoe]

I always adjust it my way, but I do think I should put some effort into making a plan for it. A plan on when to gamble, the minutes to play, and how frequently it should be. The money should also be calculated, which I didn't do in the past.
I know that I am in control, but there are times when it gets out of hand whenever I feel like I am being cheated, and I need to take my revenge. This is actually when I spend more, which is definitely not suggested.
There must be discipline, and that's the truth. Although it's difficult to follow, it must be done.

Discipline, budget plan, managing emotions and managing time for gambling is an action to limit oneself so as not to overdo it in gambling, because gambling affects a person's physiology in making decisions therefore requires a mature mind awareness in gambling, precise calculations to have a reasonable risk need to be made as a principle in gambling so that spending money according to the amount that can be lost in gambling.

[JunaidAzizi]

What if a gambler has access to multiple devices? How can he stay on one day of gambling? There are greater chances that he can go to any sites for gambling, and I am sure they are doing so. Therefore, your second step is violated, and his low risk gambling will no longer be low risk. I think you can add that a gambler can limit himself to betting on one day a week and put restrictions on using mobile phones or any device that has access to those sites. Many more modifications are needed to provide low risk gambling, but for now, this is all that is needed. Thanks.

[I_Anime]

As a gambler one should focus more on risk management not the winning , cause you can’t actually control your rate or winning or losing but you can actually manage your risk reducing the rate if you Losing and same time winning .

Those who focus on winning alone trying to go overboard in gambling will always regret their actions in the end so better to keep the pace of healthy gambling .

[ASloveapg]

As a gambler one should focus more on risk management not the winning , cause you can’t actually control your rate or winning or losing but you can actually manage your risk reducing the rate if you Losing and same time winning .

Those who focus on winning alone trying to go overboard in gambling will always regret their actions in the end so better to keep the pace of healthy gambling .

Yes, since we cannot predict any outcome in gambling, everything happens unexpectedly, that is why it is necessary to have control over financial management, without limitations and controls it is impossible to stay away from big losses. Many people become blinded by the addiction to winning, due to greed and emotions they lose the power of realistic thinking, and start making decisions based only on emotions, due to which they do not care about the amount of loss they are facing, as a result, in the end they face a lot of losses, and then they have nothing to do. So you need to be careful before facing such a situation, otherwise it can lead to a terrible disaster.

[Makus]

This is just my opinion but I think 1 percent of your income isn't really anything, this isn't a way of telling you to start gambling irresponsibly but if you are going to be careful to such an extent then I suggest you don't gamble at all. Such level of discipline would be better to apply in forex trading or crypto. It's okay if you set aside just one percent of your income to gamble if you are just entertaining yourself but in a case where you hope to make profit it's really going to be difficult for you to make something substantial from it, at least five percent is okay

[Mpamaegbu]

The best way to have a reasonable gambling experience is to use small amount at least 1% of monthly income.

I don't think the 1% bet thing is realistic. We all can assume it's possible but it's not, whether we're low income earners or high income earners.

Just kidding, actually it's easy on paper but it's the will behind the driving factor.

Exactly. It's easier said than done. Anyone that gambles than low shouldn't regard themselves as gamblers and I doubt people gamble like that. Except they only bet on sports and those bets will be only when just one team they support plays. Any day they eventually win on their bet, they will regret not staking more bets. It happens that way with wins than with losses.

No one should remind a low income earner that he should plan well in other to be able to manage his financial resources effectively...

Sadly, these are actually the ones who gamble more. They believe gambling can take them out of their poverty. So, every little fund they get goes into gambling.

[YOSHIE]

So how do you play as a low risk gambler?

I act in gambling activities to minimize low risks, it is very simple, I have a commitment to myself, money, time and place.

What I mean is, I really gamble with money I can afford to lose, meaning it's not money from my salary, I use money from other income, for example tips, so the amount I use is 100%, I don't care about the risk of losing.
Of course I gamble as long as I have the tip money and of course it's in a secret place where my family isn't there, so that's how I gamble for low risk.