Does the risk have to be significant?

[Supreme Donvic]

I believe if you want to make an impact in gambling your risk must be significant if your risk is not significant I don't think you can make huge impact in gambling, what I mean by making huge impact is winning huge amount of money, majority of those who have won huge amount of money are those who their risk was very significant they use huge amount of money to gamble and they got what they really deserve you cannot take less risk and then expect huge impact or win, I know in some cases it happens like that some set of people take less risk and then end up winning huge amount of money this kind of things usually happen once in a while it does not happen regularly if you want to make an impact in gambling your risk must be significant and that is it.
One of the reasons why people usually don't make their risk significant in gambling is because they only gamble with what they can afford to lose but I believe you can still make your risk significance by gambling with what you can afford to lose.

[danherbias07]

I think the winning part is what makes a gambler come back for more, and they won't even think about the risk anymore because all they want is to experience the win again. It won't matter if the risk is high, and there are times a gambler will play high-risk or high-volatility games because of the high rewards that they can give.
About the loss part, I think patience will be the key to it. Most of the time, it will take long patience before a big win can happen, and I think I have been there many times, which is why I can say it. You will lose money, that is true. Sometimes, a lot of money is spent before it is given back. But the pleasure of receiving high rewards can be worth it.

[Hispo]

Risk is always supposed to be significant when comes to the creation of wealth, that is a basic rule of life. People can always leave their money at their bank and see if interests are good enough, but true entrepreneurs do not do that and seek to get more money risking their capital through investments.
We are talking about both gambling and investing (in the traditional sense of the meaning of the word).

If there was not risk involved in investments and gambling, when the world economy as we know it would not exist at all. It is a necessary element for the economy to exist and thrive.

[xenomorfo]

Risk is always supposed to be significant when comes to the creation of wealth, that is a basic rule of life. People can always leave their money at their bank and see if interests are good enough, but true entrepreneurs do not do that and seek to get more money risking their capital through investments.
We are talking about both gambling and investing (in the traditional sense of the meaning of the word).

If there was not risk involved in investments and gambling, when the world economy as we know it would not exist at all. It is a necessary element for the economy to exist and thrive.

If you don't risk, you get nothing, this is what my dear deceased grandfather always said for many years now, not to mention decades.
He was right.
You have to measure the risk, if the risk is fatal and gets you into trouble I don't think it's worth taking it in my opinion.
Then everyone does as they want.

[Dareo]

Yes, it is true that you have to take risks but it is not to take big risks blindly. In fact smart risk and reckless risk are not the same thing. If someone can manage their capital, keep their limits in check then they will not lose everything again and again, In my opinion winning or losing is not just a matter of luck discipline is also a big factor. And many people honestly play for the excitement but if they let it get out of control, that is when the problem starts, So if you take risks you will lose it is not that, but how you take risks is the real issue.

[Awaklara]

I believe many gamblers today bet to win, not just seeking thrills and excitement. Basically, no gambler has an advantage to keep winning or to win more than losing. But because of the wins and hope offered by casinos, gamblers will continue placing bets. For those who keep losing, they may soon realize that gambling will always be detrimental. But for those who have experienced wins that make money in a short time, there will always be a reason to continue betting, even if it means taking risks.

[cxtreenal]

Risk is always supposed to be significant when comes to the creation of wealth, that is a basic rule of life. People can always leave their money at their bank and see if interests are good enough, but true entrepreneurs do not do that and seek to get more money risking their capital through investments.
We are talking about both gambling and investing (in the traditional sense of the meaning of the word).

If there was not risk involved in investments and gambling, when the world economy as we know it would not exist at all. It is a necessary element for the economy to exist and thrive.

It is true that real entrepreneurs do not keep their money in banks. They choose risky paths to take risks and as a result they earn sufficient profits. Your clear statement about taking risks to create wealth is an important direction because we cannot be satisfied with the amount of funds that are deposited in the bank and the amount of interest that is paid. It is the temptation to create wealth that drives us to take risks.

The risk-taking ability of a large number of entrepreneurs is largely responsible for keeping the world economy running. As they were active in the past, they are currently and their scope of work will increase further in the future.

[demonica]

Although the line could mean the same thing for different scenarios like in real life situations or gambling, I think it applies differently.

“The risk has to be significant (otherwise, what's the point).”

This line could be apply generally in life. Like, if you’ll be taking risk, do it bigger to have bigger result where it could be life changing. And although it could also mean “high risk bet, high rewards” in gambling, it’s not really advisable for everyone. Gambling is still gambling. This could only work for gamblers who are willing to spend huge amounts in gambling. I wont encourage other gamblers to take high risk games if they aren’t capable of losing it.

[uneng]

In gambling the risk has to be significant, so the gambler has the chance of making a decent profit margin. But in another sectors where people can build wealth, it's not a fact at all. The risk doesn't have to be significant on your job. You just have to make sure to be working on a demanding sector, where you can supply a lot of customers in a daily basis. It can be a quite safe niche of  the market, but still a profitable one.

Gambling is a completely different thing. It's not a job, neither an investment, neither an activity you can make a living from, so the rules aren't the same for your job and gambling.

[robelneo]

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)."

It is simply saying that if you're going to do something challenging, whether it's a business or in gambling, it's worth doing it because of the reward and the experience that we're going to get, you could lose money or your motivation in the process but the experience is all worth it because of the challenge, it's like picking the fight that's worth fighting.

I have encountered it many times, and many of these risks are life-changing and about going for something if it is a significant risk. I believe it depends on the situation and the person on how they will and can handle the risk.

[Sim_card]

I don't have that significant edge that can enable me win often which is the main reason why I wouldn't take a significant risk because it's not guaranteed that you will make profit after a significant risk. Everyone can say what they like about gambling but you as a person needs to use your head and gamble responsible in a way that will limit your losses.

[Hewlet]

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)."

A risk that's significant and that's not well calculated is a foolish risk and more of a throwing away of your hard earned money. Even when it appears as though you have a clear picture of what you're talking tye Rian for, you still have to take a proper risk that doesn't land you in utmost ruin.

The constant factor that must exist while taking any kind of risk should be that you're risking what you can afford to loose and that what you're risking for is something that's worthwhile. If you're just trying to prove a point that you're an hard risk taker, then it's completely useless and the outcome will be to your own ruin.

[Joeboy]

Surely, taking significant risks will only delay the inevitable, it doesn't increase gambler's chances in any way at all, and so the bigger/or reapetedness of the risk, the more quickly your loses could come.. Gambling is a game of luck and so the odds will always be against gamblers right from the very start...And also OP I do not really think that gamblers are entitled to any sort of significant edge that gives them to edge to constantly increase their chances if wins, and so gamberz skills matters less as far as gambling is concerned...

[Grace333]

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.

I don't think this rule or statement applies to gamble. That might be intentioned on making money from other genuine source and not in the form of gambling. No matter what we shouldn't forget that gambke is an entertainment not an avenue for making or creating wealth. The aim of the casino is to grow their business and not to pay you like you're on a scholarship or charity program, and this is why their game structure was designed so they have hedge over you and not the other way around. In fact, when it comes to gamble we shouldn't go beyond our risk tolerance all In the name of trying to hit it big.

[Jubilee58]

Some gamblers are high stakers, they stake high so that they will equally earn high. The truth is that, in gambling taking a significant risk does not guarantee winning, but anytime you win, your winning will likely become significant too. One thing is obvious, when you take high risk , and you have a successful outcome, you will be glad taking high risk.
Those who fear risk end up not making it huge. This same thing applies in life. Risk comes with courage, when you are not strong hearted you cannot take a significant risk, and if you ask me, taking significant risk both in gambling, and in   life's journey  can easily make you great if you are successful in any of your significant risk.

[Sammye3]

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.

A significant risk could only mean one thing, which is taking a risk you are well aware would fail but blindly ignoring that certainty but believing in the 1% hope for a different outcome. That sounds like "recklessness " to me, and I can't uphold such knowledge because it cannot be applied in every sector. There is no way you would take a significant risk that could cost the downfall of your business only to expect a miracle to happen, that is poor business management.

Comparing this to gambling, it is not any different and would be applied the same way. Taking risk is inevitable but risk management should be duly considered to avoid making financial mistakes that could hunt you in the future.

[Odogwu-Blockchain]

Its not different with the statement that risk only you can afford to lose. Thats the problem with gambling users. When we already win some good money we always tend to gambling for more and risk a lot of money instead cashing it out.

Well thats a really gamblers life but not all can always do that. Some are smart to take whats needed and just put up some miney they can allow to be gone. Cause we all know that gambling can potentially drained our wallets no matter what odds we win on every bet.

What causes this kinda behavior is excessive desire for gambling, not knowing exactly what you want, how much you want and how to stop instantly when limit is reached, these are the behavior they exhibit that pushes them into gambling more than necessary.

The risk taken at that point isn't even significant because this victim doesn't even had a plan before gambling, they don't know how much they want, some of them even win more than enough and end up draining all because they had no plan of the money. This hurts a lot.

[Findingnemo]

Its not different with the statement that risk only you can afford to lose. Thats the problem with gambling users. When we already win some good money we always tend to gambling for more and risk a lot of money instead cashing it out.

Well thats a really gamblers life but not all can always do that. Some are smart to take whats needed and just put up some miney they can allow to be gone. Cause we all know that gambling can potentially drained our wallets no matter what odds we win on every bet.

What causes this kinda behavior is excessive desire for gambling, not knowing exactly what you want, how much you want and how to stop instantly when limit is reached, these are the behavior they exhibit that pushes them into gambling more than necessary.

The risk taken at that point isn't even significant because this victim doesn't even had a plan before gambling, they don't know how much they want, some of them even win more than enough and end up draining all because they had no plan of the money. This hurts a lot.

Everyone knows exactly they want but they don't know how much is enough. Once they make 2x they will think this is very easy. Probably, they should push it for 10x and even if they made it to 10x they will keep pushing because we said never to make more money. I won't say it is wrong to push a little further after winning big, but they also know when to pull the plug, it should be before they drain all that big money from that big win, I would say go for 10% of that win and if they didn't have the chance then it should be the time to break.

[Fiatless]

It is simply saying that if you're going to do something challenging, whether it's a business or in gambling, it's worth doing it because of the reward and the experience that we're going to get, you could lose money or your motivation in the process but the experience is all worth it because of the challenge, it's like picking the fight that's worth fighting.

I have encountered it many times, and many of these risks are life-changing and about going for something if it is a significant risk. I believe it depends on the situation and the person on how they will and can handle the risk.

In business people can take high risks since they can predict sales and gains. I once invested in poultry and I can easily predict our gains at the end of every business cycle. But we cannot say the same about gambling. In betting the outcome is highly unpredictable, so it would be unwise to take risks that you cannot afford to bear. Significant risk is relative. Everyone should take risks based on their level. The risks in business and gambling are different.

[Z_MBFM]

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.

In gambling, no one really knows how much they will lose, so considering the risk, you should use the amount of money that you can afford to lose. This is a common issue in risk management in gambling, only you know best how much risk you can take and how much you can afford to lose because you have previous ideas and information about your entire financial structure. So of course I think that each of your risks should be significant. In this way, you will be limited to a boundary that will never put you in great danger. And this is very important for financial management