Does the risk have to be significant?

[Wakate]

It is true that you have to take big risks sometimes but you need to ask yourself if the risk is actually worth taking especially if you are not in a position to take those steps comfortably. what i mean by that is simple, someone who isn't financially stable should not be considering to take big risks. The goal is to win big but remember that there is a possibility that you might end up losing all of it. I will always prefer to play safe even though I don't win much, this has been able to control the losses that I have incurred so far, you have no business with taking such steps unless you are rich.

There are risks that are not worth taking due to the amount of money that is involved. It is better to take lesser risk when gambling so even if you do not use big amount to stake the bet and it ended in a win, you will still make some profits than when you use big amount to stake and you win becoming too excited and later you use big amount to stake another game and it ended in a lose.

[LastKiss]

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? ~snip~

I think high risk and high reward isn’t for everyone because it’s only suitable for people who are prepared to lose money. We shouldn’t blindly follow some advice from books that encourage taking bigger risks to build wealth. Not everyone who takes risks is immediately aiming for wealth, some are still learning, adapting to the system and building patience before increasing their risk, etc.

Imagine a beginner reading a book and then using a large amount of money to gamble on a high risk game without any knowledge. That’s likely just a waste of money. It’s better to increase your risk only when you have enough knowledge and feel ready not just because you heard someone say you should.

[TokenTikas]

It said, "The risk has to be significant (otherwise, what's the point)."

Taking risks should be done in a reasonable way and I personally believe this is the right approach. It is not just about taking risks but understanding them properly before acting, because random risks cannot bring any meaningful result. Even though every risk carries some level of danger, there are certain calculated risks that can give something worth expecting.

In the ending point, it is important to be mindful when taking risks and make sure the risk is taken with proper awareness and purpose.

[TheUltraElite]

Imagine a beginner reading a book and then using a large amount of money to gamble on a high risk game without any knowledge. That’s likely just a waste of money. It’s better to increase your risk only when you have enough knowledge and feel ready not just because you heard someone say you should.

Knowledge is not enough in gambling. It is luck that you need on your side to be able to convert that risk to a decent reward. People who are gambling are taking this risk on their head and thinking that they have a risk appetite that can suffice this but they are doing it often in the wrong manner.

Most games that are EV- will end up with a loss before you know it. Even an EV+ game can turn out bad because of no reason whatsoever. This is why the places where you put money in should have a good distribution of risk. Dont put a lot in high risk or too much in low risk.

[jcojci]

People risking their money in gambling to win so they willing doing that. They believes that they will win even after they try hard with the games. Even they finally lost much, they will not stop gambling but still trying for more.

Managing the risk is a must for gamblers so they are not facing big risks which will not worth for their money. The risk has to be significant but they should understand that if they lose control, that only makes the risk bigger.
We don't have much chances to wins but we still challenge ourselves and expect soon we will win.

[bitcoindusts]

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.

Are we talking about gambling here?  If we are talking about gambling, if we want to win huge sum of money, we need to stake huge sum of money.  Yes there are these jackpots and huge multiplier, where small amount of money can hit a life changing wins but it is somehow very hard to hit, and if one is not lucky enough to hit it at the initial bet, the accumulated wagered amount would be significant and yet the jackpot or huge multiplier has yet to be won.

To increase the chance of winning, if one wants to hit huge amount of money, one must wager huge amount of money in one go.  Just for example, in a dice, if we want to maximize the winning percentage and have big amount to win, we need to bet bigger amount and set the odds to higher, although the profit percentage is smaller, it is covered by the bigger bet amount.  The significant risk here is getting unlucky and get series of losses.  with the setup, it is very hard to recuperate the losses.  Thus in gambling, it is crazy to say the risk have to be significant because everything lies on luck, there is no fail safe button to minimize our loses nor to recover them except for continuously injecting funds.  So if we want to stay longer in gambling we must minimize the risk and make a significant approach to manage our bankroll.  Gambling is not meant for players to be a source of income but rather it is created for entertainment for customer and a means of income for the host.

In business, it is different since there is this risk management where we can calculate possible risks and implement fail safe methods so that we won't suffer huge losses.

[OsaiEmma]

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.

From my understanding, I think the risk being significant is about what ur taking the risk for. Let's say, you want to play a game, you see two big teams, one have a slightly higher odd than the odd, it's better to take a risk on the one with a slightly higher odd, then it's somewhat a significant risk.

But from that book, I think it's talking basically about taking risk and adventures or ventures that is significant, that is worth it, not necessarily risking a higher or significant capital.

[Julien_Olynpic]

That's right. It's just that if your risks are insignificant, that means your profits likely won't be significant either. At the same time, keep in mind that you should spend a fair amount of time analyzing an upcoming sports match, for example. You need to analyze a ton of information, invest time and energy. And, most importantly, your future trade will likely be a rare instance of meeting the entry criteria. Good situations are rare. And if you bet 1% on them, you'll miss out on time, money, and opportunities.

[Julien_Olynpic]

What's the point of gambling around when risks aren't significant at all? It's like you are gambling for nothing worth valuable, you are wasting your money without thrill and excitement from the very beginning.

Of course, risks have to be significant because you are not just gambling without expecting for returns, but you are gambling your hard-earned money even your life savings and that any time they will be gone from you if you never execute risk management and set limits from your gambling activities.

However, a gambler is a risk-taker itself. You gamble without guaranteed returns, that's one of the risks that we can never put certainty when gambling.

That's right. It's just that if your risks are insignificant, that means your profits likely won't be significant either. At the same time, keep in mind that you should spend a fair amount of time analyzing an upcoming sports match, for example. You need to analyze a ton of information, invest time and energy. And, most importantly, your future trade will likely be a rare instance of meeting the entry criteria. Good situations are rare. And if you bet 1% on them, you'll miss out on time, money, and opportunities.

[sotelorene]

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.

Wealth creation ordinarily has nothing to do with putting too much money or taking too much risk in gambling because gambling is not consider or recognize as a means of getting or making a living, so when they say risk I think they are talking about other business and investment and not really pointing towards gambling because the chances of getting a win in gambling is not certain or guarantee so it is a pure luck kind of thing and we should not try this kind of luck with a good amount of money because it won't worth it unless we succeed.

[eisen33]

From my understanding, I think the risk being significant is about what ur taking the risk for. Let's say, you want to play a game, you see two big teams, one have a slightly higher odd than the odd, it's better to take a risk on the one with a slightly higher odd, then it's somewhat a significant risk.

But from that book, I think it's talking basically about taking risk and adventures or ventures that is significant, that is worth it, not necessarily risking a higher or significant capital.

You can go for higher odds in a match between evenly matched teams, but in that case it starts to feel more like guessing, like flipping a coin and trying to predict what comes next. The only difference is that you’re taking on extra risk just for a slightly better payout. I think the real point here is to understand whether it’s worth taking big risks, either by bet large amounts of money or by going for very high odds.

[Hispo]

That's right. It's just that if your risks are insignificant, that means your profits likely won't be significant either. At the same time, keep in mind that you should spend a fair amount of time analyzing an upcoming sports match, for example. You need to analyze a ton of information, invest time and energy. And, most importantly, your future trade will likely be a rare instance of meeting the entry criteria. Good situations are rare. And if you bet 1% on them, you'll miss out on time, money, and opportunities.

Ironically, if someone needs to invest a lot of time and energy in order to h ave a good enough chance to make money on sport betting, that person could pretty much just get a job and invest a similar amount of time and energy for the sake on money.
It is something have seen myself, people who have refused to get into labor force, so they cand dedicate themselves to be professional bettors, but their live with bad standards of living because they need much effort in order to get a minimum of consistency. They would be better off just getting a job, but those are people who take pride on being able to live without having to comply with a schedule or having bosses.

it is a little bit sad if you think about it.

[LUCKMCFLY]

Because by definition, you are risking the money you are betting, but how much you choose to bet is a different issue. It's pointless to risk your livelihood, but when you bet, you are already accepted probable loss.

That's very true. When we gamble and take risks, we must accept that the money being risked is already lost. It's better to see it that way than to risk money that is extremely valuable and essential to our lives; that would be irresponsible. That's why it's so wise to say that we should only risk money we are willing to lose. After that, there's nothing more to it but allocate our remaining funds to our commitments.

[Wakate]

People risking their money in gambling to win so they willing doing that. They believes that they will win even after they try hard with the games. Even they finally lost much, they will not stop gambling but still trying for more.

Managing the risk is a must for gamblers so they are not facing big risks which will not worth for their money. The risk has to be significant but they should understand that if they lose control, that only makes the risk bigger.
We don't have much chances to wins but we still challenge ourselves and expect soon we will win.

People are risking their money to make more money which has been the system for long now. If you are not ready to take risk while gambling, do not forget that you are not going to get the kind of outcome you may be longing to get.
Do not forget that not all risks are worth it and people that want to make money must measure the risks they want to take before going for it.

[AmoreJaz]

Because by definition, you are risking the money you are betting, but how much you choose to bet is a different issue. It's pointless to risk your livelihood, but when you bet, you are already accepted probable loss.

That's very true. When we gamble and take risks, we must accept that the money being risked is already lost. It's better to see it that way than to risk money that is extremely valuable and essential to our lives; that would be irresponsible. That's why it's so wise to say that we should only risk money we are willing to lose. After that, there's nothing more to it but allocate our remaining funds to our commitments.

In gambling, I believe, you should always treat your money as a loss already. Because like it or not, you have no upper hand to see if you will win or not. Thus, much better if you will think that it is your extra and so you have no expectations for the outcome of this habit. If you want to have a messy life, start using your funds from savings and you will surely regret such decision especially if you either lost quite significant amount or you will lose it all. So either way, your life will be chaotic if you decide to use your money that is not for gambling in the first place.

[Mandoy]

People risking their money in gambling to win so they willing doing that. They believes that they will win even after they try hard with the games. Even they finally lost much, they will not stop gambling but still trying for more.

Managing the risk is a must for gamblers so they are not facing big risks which will not worth for their money. The risk has to be significant but they should understand that if they lose control, that only makes the risk bigger.
We don't have much chances to wins but we still challenge ourselves and expect soon we will win.

People are risking their money to make more money which has been the system for long now. If you are not ready to take risk while gambling, do not forget that you are not going to get the kind of outcome you may be longing to get.
Do not forget that not all risks are worth it and people that want to make money must measure the risks they want to take before going for it.

The risk in gambling does not always have to be huge, and it is a more important factor that can be effectively handled. Most players think that it would be more rewarding to take bigger risks, and in most cases this would only lead to higher losses. A calculated and controlled method is more long-term sustainable. The actual threat is when players get emotional particularly following losses, which cause them to pursue victories. Such an attitude is risky out of control. Intelligent gamblers also have limits, are disciplined and realize that not all risks are worth taking since consistency and control is more important than taking a risk.

[Hispo]

Because by definition, you are risking the money you are betting, but how much you choose to bet is a different issue. It's pointless to risk your livelihood, but when you bet, you are already accepted probable loss.

That's very true. When we gamble and take risks, we must accept that the money being risked is already lost. It's better to see it that way than to risk money that is extremely valuable and essential to our lives; that would be irresponsible. That's why it's so wise to say that we should only risk money we are willing to lose. After that, there's nothing more to it but allocate our remaining funds to our commitments.

In gambling, I believe, you should always treat your money as a loss already. Because like it or not, you have no upper hand to see if you will win or not. Thus, much better if you will think that it is your extra and so you have no expectations for the outcome of this habit.

Though, it is difficult to assume all money deposited into casinos is already loss though, because traditionally we assume whatever we see on our account balance (traditionally associated with banks and exchanges) is something which belongs to us and it is not something which could be considered to be already lost.

Funnily enough, i have see responsible gambling websites and casinos as well sayin their gamblers that they should indeed consider all deposits to be already loss when they are sent, but realistically it is very rare for someone to be so aware and responsible with their gambling money and their gambling money in general...

[Achalugo BTC]

The risk in gambling does not always have to be huge, and it is a more important factor that can be effectively handled. Most players think that it would be more rewarding to take bigger risks, and in most cases this would only lead to higher losses. A calculated and controlled method is more long-term sustainable. The actual threat is when players get emotional particularly following losses, which cause them to pursue victories. Such an attitude is risky out of control. Intelligent gamblers also have limits, are disciplined and realize that not all risks are worth taking since consistency and control is more important than taking a risk.

But most of them won't accept that fact, which they have to take a pause or break from gambling and keep their emotions in check, so that they won't be tempted to make irrational decision that won't be of any benefit or help to them, which will land them a lots of problems due to lack of self-control, which they are to understand that there are some risks that are not worth it. So, its better that they take break from gambling sometimes, as it shield them from being trapped in addiction or problems that they will find it difficult to escape.

[SuperBitMan]

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.

Wealth creation ordinarily has nothing to do with putting too much money or taking too much risk in gambling because gambling is not consider or recognize as a means of getting or making a living, so when they say risk I think they are talking about other business and investment and not really pointing towards gambling because the chances of getting a win in gambling is not certain or guarantee so it is a pure luck kind of thing and we should not try this kind of luck with a good amount of money because it won't worth it unless we succeed.

This is your believe and not the believe of others, 70% of people that are gambling wants to make money from gambling. They are not gambling for fun, they are gambling in order to make wealth or money from gambling and so far so good some few people have taken their self away from poverty through gambling, I know of someone in my home town who won huge amount of money, I mean millions and he used the money to establish himself and today he’s very successful, he has used gambling to take himself out from poverty.
And this set of people that have successfully used gambling to take themselves out from poverty, make sure that their risk was very significant, so if you are part of those people or set of people that want to use gambling to make money then your risk must be significant that is the point.

[Su-asa]

Increasing the risks doesn't increase the chances of winning so it is better for you to always stay on the safe side and that is to always bet responsibly and taking minimal risks. you can only consider to take big risks if you are a rich gambler but if you are the type of gambler that is still struggling financially then it is not advisable to take significant risks. The most important thing about gambling is to always make sure that you are playing safe and avoiding addiction by all means. Taking big risks is only going to increase the chance of losing big amounts of money.