Does the risk have to be significant?

[junder]

Taking risks in gambling is good if you have the financial capacity, some gamblers prefer to take risks because it provides more entertainment. If you use the same amount of money on each bet, it can become a boring gamble. It is better to take risks on bets where the probability of winning is high because I think it is fair to make a large bet than to win on a small bet in the long run. Some gamblers do not want to take risks because they gamble for long-term entertainment and are satisfied with small wins.

You may be advised by many experienced gamblers to take risks because they know that without taking risks, the chances of not meeting expectations in gambling are very low. They also advise being risk tolerant because you can gain a lot by winning but also have a high risk of losing.

It's true what you said, although basically taking risks in gambling is not recommended but if we have sufficient financial capabilities then occasionally taking risks in gambling is not wrong.
 
Sometimes I'm like that too, so sometimes I take risks by betting using unusually large amounts but it's according to my own abilities and with the results I've gotten a win that is indeed a large amount too.

[Alpha1999]

Well i think every risk does not have to be significant but only the ones that can impact your outcome actually that one  matter . In crypto business or even gambling the key is not avoiding risk but a calculated risk is needed. Otherwise every one with a significant risk is just guessing and hoping for luck. Sometimes a beginner luck may be give benefit but it does not work everytime.

[TheUltraElite]

Well i think every risk does not have to be significant but only the ones that can impact your outcome actually that one  matter . In crypto business or even gambling the key is not avoiding risk but a calculated risk is needed. Otherwise every one with a significant risk is just guessing and hoping for luck. Sometimes a beginner luck may be give benefit but it does not work everytime.

Gambling carries a risk which I feel does not need to calculated risk but should be avoided as far as possible. Gambling should not be considered as a investment but as a mode of fun and entertainment which should take up a very limited budget - money that one can afford to lose, not money that one is looking to double in a few seconds, unlike popular belief.

Risks will be significant and the rewards will also be. Risk losing your asset that you are trying to double and live with that, instead of any of the outcomes in case you gamble it.

Beginners luck or random luck events might come in. But do not set these as examples, you will be mistaken.

[Antotena]

It's true what you said, although basically taking risks in gambling is not recommended but if we have sufficient financial capabilities then occasionally taking risks in gambling is not wrong.
 
Sometimes I'm like that too, so sometimes I take risks by betting using unusually large amounts but it's according to my own abilities and with the results I've gotten a win that is indeed a large amount too.

I think even the money you can afford to lose used for gambling is a risk because there is nothing like free money for gambling, the honest truth is that people gamble to make money but the risk they are taking will not harm them even if they don't win any money and that's why it's important for gamblers to bet within their limit so that when they see what they predict and doesn't go as they expected, they wouldn't feel disappointed or feel bad for taking such decisions.

Gambling isn't hard, it's the people that makes bad decision that makes it look like if they don't do it they will not make it. Some of them don't know that making gambling as a first class choice to make money will make you enter dimension of gambling loss, there is no way you are going there and think you are going to survive in the long run. Just do it with what you have and if you manage to make more than you expect, keep the energy that way.

[xenomorfo]

I think even the money you can afford to lose used for gambling is a risk because there is nothing like free money for gambling, the honest truth is that people gamble to make money but the risk they are taking will not harm them even if they don't win any money and that's why it's important for gamblers to bet within their limit so that when they see what they predict and doesn't go as they expected, they wouldn't feel disappointed or feel bad for taking such decisions.

Gambling isn't hard, it's the people that makes bad decision that makes it look like if they don't do it they will not make it. Some of them don't know that making gambling as a first class choice to make money will make you enter dimension of gambling loss, there is no way you are going there and think you are going to survive in the long run. Just do it with what you have and if you manage to make more than you expect, keep the energy that way.

Indeed the truth is precisely this, people play for the money and not because they like to play.
Some people in my opinion even hate some games, like I don't know black jack.
I have to tell the truth, I have fun for an hour, then I get bored. Ditto with standard poker.
the best is texas holdem, that's really fun.

[Bitcoin.com97]

Taking risk in gambling does not have any significant, gambling should be for fun ,  the uncertainty In gambling is much , adding risk means you have accepted loses , we know advices like take risk and succeed always comes in but not when the possibility is low , loses can be draining, so for your mental health taking risk to gamble should be totally out of it . gamble responsible and whenever you want to take risk it shown calculated risk .

We can take risks by gambling with the money we can afford to lose, which means that we will not face any big financial problems. There is no confirm of winning money through gambling, but if we are lucky, we can make money by gambling. I think our main goal should be to enjoy entertainment, nothing more. When we gamble with the money we can afford to lose, we can keep ourselves calm and manage our gambling in a disciplined manner, regardless of the outcome of the gambling, we can reduce the risk of losing too much money, and even free ourselves from gambling addiction.

Gambling with the money you can afford to lose is not risk , it’s actually what you can afford, what is seen as risk is when you go above your budget with the mindset to have a better outcome , which is the uncertainty we are talking about, because that doesn’t guarantee winning, taking so much risk to win , despite your financial capacity, winning and losing is what is unpredictable.

The earlier people understand and see it as entertainment the better to avoid some certain things, gambling is mainly luck based no matter how good you are at analysis .

[purple_sparkles]

All the stories I know where people constantly took risks in gambling usually ended badly. There may be occasional wins, but that is not a consistent pattern, and if you risk large amounts, overall the outcome will clearly not be in your favor. Although I’ve often seen that some people can make money from betting, I’ll repeat that even if you have an analytical mindset, it can be used much more profitably than for typical betting predictions.

[Wakate]

I think even the money you can afford to lose used for gambling is a risk because there is nothing like free money for gambling, the honest truth is that people gamble to make money but the risk they are taking will not harm them even if they don't win any money and that's why it's important for gamblers to bet within their limit so that when they see what they predict and doesn't go as they expected, they wouldn't feel disappointed or feel bad for taking such decisions.

Gambling isn't hard, it's the people that makes bad decision that makes it look like if they don't do it they will not make it. Some of them don't know that making gambling as a first class choice to make money will make you enter dimension of gambling loss, there is no way you are going there and think you are going to survive in the long run. Just do it with what you have and if you manage to make more than you expect, keep the energy that way.

Indeed the truth is precisely this, people play for the money and not because they like to play.
Some people in my opinion even hate some games, like I don't know black jack.
I have to tell the truth, I have fun for an hour, then I get bored. Ditto with standard poker.
the best is texas holdem, that's really fun.

The fact is that all gamblers want to make money from their gambling endeavors and no one will be happy when they don't make the kind of profits the have been aspiring to make.  Even when you think you are gambling for fun, you'll still want to be profitable since doubling your bankroll as always been the goal. Any gambler that is not making money from betting will not be happy at all because it could look like wasting money.

[Achalugo BTC]

Taking risks in gambling is good if you have the financial capacity, some gamblers prefer to take risks because it provides more entertainment. If you use the same amount of money on each bet, it can become a boring gamble. It is better to take risks on bets where the probability of winning is high because I think it is fair to make a large bet than to win on a small bet in the long run. Some gamblers do not want to take risks because they gamble for long-term entertainment and are satisfied with small wins.

You may be advised by many experienced gamblers to take risks because they know that without taking risks, the chances of not meeting expectations in gambling are very low. They also advise being risk tolerant because you can gain a lot by winning but also have a high risk of losing.

Even if they are financially stable doesn't mean they have to gamble recklessly, which have to make to spend unnecessary and that's not right because if they are unable to control themselves when gambling, they can go broke little by little until they have lost everything. And that is why they said nothing lasts forever, which is why its necessary for them to sustain the right mindset towards gambling, because doing the right thing doesn't mean they are failure but means they are protecting their mindset.

[DiMarxist]

Snip

Even if they are financially stable doesn't mean they have to gamble recklessly, which have to make to spend unnecessary and that's not right because if they are unable to control themselves when gambling, they can go broke little by little until they have lost everything. And that is why they said nothing lasts forever, which is why its necessary for them to sustain the right mindset towards gambling, because doing the right thing doesn't mean they are failure but means they are protecting their mindset.

This is why gambling experts will always advise people to have a limit to which any gambler can risk in the name of gambling. Because most people see taking uncalculated risk with their money and has lost big . Always gamble with money that even if you lose it will not affect you because taking risk has crippled alot of people. Self control is the key to responsible Gambling practice so every gambler should not neglect it because gambling without self control do doing harm to yourself.

[Versatile_choice]

Taking risks in gambling is good if you have the financial capacity, some gamblers prefer to take risks because it provides more entertainment. If you use the same amount of money on each bet, it can become a boring gamble. It is better to take risks on bets where the probability of winning is high because I think it is fair to make a large bet than to win on a small bet in the long run. Some gamblers do not want to take risks because they gamble for long-term entertainment and are satisfied with small wins.

There's nothing like capacity here, the instruction is to gamble with only what you can afford to lose and not about having the capacity or not. For the fact that one have financial capacity doesn't mean they will have to put it in gambling, moreover gambling is just a means of having fun and also get entertained I don't know why some people are trying to make a big it out of it.


Personally if I have financial capacity as you said then I will just treat gambling as fun because there's nothing else I'm looking for, the money is already there but for the fact that I'm saying this doesn't mean I won't take profit when it comes of course I will but my major focus will be centered in having fun.

[gracreavix]

Snip

Even if they are financially stable doesn't mean they have to gamble recklessly, which have to make to spend unnecessary and that's not right because if they are unable to control themselves when gambling, they can go broke little by little until they have lost everything. And that is why they said nothing lasts forever, which is why its necessary for them to sustain the right mindset towards gambling, because doing the right thing doesn't mean they are failure but means they are protecting their mindset.

This is why gambling experts will always advise people to have a limit to which any gambler can risk in the name of gambling. Because most people see taking uncalculated risk with their money and has lost big . Always gamble with money that even if you lose it will not affect you because taking risk has crippled alot of people. Self control is the key to responsible Gambling practice so every gambler should not neglect it because gambling without self control do doing harm to yourself.

Most people don’t even set limits when they gamble. They always have that just one more try thing, until everything is gone.
Using only what you can afford to lose is just the way forward, and it is where many people use to get it wrong. They always end up staking money that is meant for important things, and when they lost the money, the problem will then gets worse.

[Fivestar4everMVP]

Well i think every risk does not have to be significant but only the ones that can impact your outcome actually that one  matter . In crypto business or even gambling the key is not avoiding risk but a calculated risk is needed. Otherwise every one with a significant risk is just guessing and hoping for luck. Sometimes a beginner luck may be give benefit but it does not work everytime.

Yeah, the beauty of both gambling, investing in crypto currency generally is that we are always at the liberty of choosing our own level of risk, it's not like in the traditional settings where limits of thresholds (rather) are being enforced in majority of the services where the local currency is used, like for example, back in the day, investing in gold was a luxury that was only available for the super rich because one can't just wake up one morning with $100 and want to invest in gold, there is a minimum amount of money one can begin their investment with and it's way high.

So in gambling today, we all are at liberty to choose our risk level, whether significant, slightly significant or choose to be conservative, it's all a choice we make for ourself depending on our individual financial state and what we can afford to lose.

[kawetsriyanto]

Taking risks in gambling is good if you have the financial capacity, some gamblers prefer to take risks because it provides more entertainment.

Even if you have financial capacity, it doesn't mean you can take the risks carelessly. Whatever you financial level, you need to be wise in dealing with the risks. It isn't something can be reduce due to your financial stability.

Whatever people's goal in gambling (entertain or money), the risk always lies in gambling. If you still can lose your money, it means there is always the risk there. 

If you use the same amount of money on each bet, it can become a boring gamble.

This can be debatable because it depends on how you view it. There are people who always gamble at the same amount because they are discipline to stick with their allocation in betting. Anyway, what betting with same amount make us boring?

It is better to take risks on bets where the probability of winning is high because I think it is fair to make a large bet than to win on a small bet in the long run.

Whatever the amount of money you bet, you take the risks on the bet! Moreover if you raise the amount of money, it means you need to deal with the risk of losing more money. You need to understand that raising the amount of money doesn't mean to make a bigger chance to win the bet.

Some gamblers do not want to take risks because they gamble for long-term entertainment and are satisfied with small wins.

If the gamblers don't want to deal with the risk, they won't gamble. Well, some gamblers gamble with small funds, it is because they are trying to avoid the greed.

[famososMuertos]

I think it's a matter of concepts; it's not about inspirational quotes or individual insights. Risk is inherent in investing, regardless of the type of investment. So the question is: does that include gambling?

The answer is yes and no. When you do it for fun, it's an expense; when you take money and gamble it with the expectation of a return, it's an investment.

In conclusion, regardless of the importance you assign to it, the objective is the same.

[Promocodeudo]

The fact is that all gamblers want to make money from their gambling endeavors and no one will be happy when they don't make the kind of profits the have been aspiring to make.  Even when you think you are gambling for fun, you'll still want to be profitable since doubling your bankroll as always been the goal. Any gambler that is not making money from betting will not be happy at all because it could look like wasting money.

All gamblers how? I would've preferred it if you said that majority of gamblers want to win from their stake, you know that there are gamblers that gambles for fun, however, they are not moved by anything even though the lose they aren't worried because they gamble with their spare cash and wong get tensed if anything happens eventually, those that gamble for profit are the ones that fall within this category that you hinted here.
So you're trying to say that all gamblers have the same goals of doubling or tripling the amount the use in staking their bet? I know that wining bets generates some feelings in bettors but there are somethings you aren't making clear here.

[liasbaa]

Taking risks in gambling is good if you have the financial capacity, some gamblers prefer to take risks because it provides more entertainment. If you use the same amount of money on each bet, it can become a boring gamble. It is better to take risks on bets where the probability of winning is high because I think it is fair to make a large bet than to win on a small bet in the long run. Some gamblers do not want to take risks because they gamble for long-term entertainment and are satisfied with small wins.

You may be advised by many experienced gamblers to take risks because they know that without taking risks, the chances of not meeting expectations in gambling are very low. They also advise being risk tolerant because you can gain a lot by winning but also have a high risk of losing.

Even if they are financially stable doesn't mean they have to gamble recklessly, which have to make to spend unnecessary and that's not right because if they are unable to control themselves when gambling, they can go broke little by little until they have lost everything. And that is why they said nothing lasts forever, which is why its necessary for them to sustain the right mindset towards gambling, because doing the right thing doesn't mean they are failure but means they are protecting their mindset.

A poor gambler gambles in the same way a rich gambler gambles in the opposite way or according to his financial capacity. Financially sound gamblers will bet big, it is natural because they have sufficient funds. It is important to maintain control while gambling because you can be in any financial situation and it will not take long to go bankrupt due to risky gambling.

I also believe that nothing is permanent. There are examples of many gamblers who have lost a lot of money and become indebted through gambling. Some gamblers have become rich in a short time due to being lucky. Reckless gambling should never be done but the availability of money to you can tempt you to bet big. Gambling should be done with discipline and self control, no matter what your financial situation is.

[bubilas]

I once read an interesting book about risk management and wealth creation, and one sentence in it really got me thinking. It said, "The risk has to be significant (otherwise, what's the point)."
In my opinion, if you take risks, you're essentially tempting fate. You're simply delaying the moment of losing your money. Does the risk have to be significant? Significant risk essentially means you're repeatedly putting your capital at risk, and sooner or later, you'll lose your money. Do you have such a significant edge that it allows you to win more often than you lose, even with the odds? I think when people write that it's not just about winning, it means they're gambling for the thrill and excitement.

Every time I risked my life, I lost that bet. I don't know why; maybe I'm a loser. But when I bet small amounts and play for fun, my success rate is always about 50/50. But if I abandon these occasional games to make a really big bet, I always lose it. And this applies not only to gambling but also to trading. For example, when I bought Ether at what I thought was the bottom, but a couple of days later it dropped another 50%. I don't know why this happens, and I envy those who win big bets.

[xenomorfo]

The fact is that all gamblers want to make money from their gambling endeavors and no one will be happy when they don't make the kind of profits the have been aspiring to make.  Even when you think you are gambling for fun, you'll still want to be profitable since doubling your bankroll as always been the goal. Any gambler that is not making money from betting will not be happy at all because it could look like wasting money.

Profits from a game, and this is where the donkey falls as they say in Italy.
If you expect profits from a game then you are doing it wrong and you will be heavily punished by the system, which does not allow this type of mistake. In fact, the system automatically punishes those who play a lot and hard.

[Betwrong]

~ It's like saying "Treat gambling the same way u treat going to the beach, or an amusement park, or the zoo, or a cinema". Ok....it's not a bad idea, but seeing how we have an easy, and unrestricted access to these activities, through the Internet, someone can easily become an addict, just my opinion though.

I think I said these words some time ago. Anyway, whether you remember it or it’s your own idea, I’m glad to see that someone shares my views. Like every gambler, at first I tried to earn money through it, but later I realized that gambling should be treated as an amusement park or any other kind of entertainment, but never as a job.