Does the risk have to be significant?

[lombok]

Something I often write about is that betting often requires unique circumstances. In trading, these are setups, but in gambling, it's something similar. We should only place a bet if the situation meets many of our criteria. For example, in sports betting, you might start betting when you believe Team A's win is significantly undervalued relative to its odds. But imagine that your betting system requires many such conditions that rarely occur. But if you do encounter such a unique combination of conditions, would you really place a small bet?

What would appear as an ideal scenario sometime challenge inner tranquility in committing a final choice. One may think that the chance of winning is really great since all the supporting evidence appears to be persuasive to the mind. But putting all your money in one event is very risky in your future in terms of finances. Skillful maintenance of the bankroll is the chief preventive of repentance.

[fruktik]

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.

If we're talking about gambling, we should immediately discard any notion of risk. Casinos weren't invented by idiots, and these people were well aware of the player's mental state. Therefore, all actions are carried out in such a way that the player is forced to increase the bet and ignore the risks. This is why so many people lose money, rather than the opposite. It requires a very strong-willed character, which is not typical for most people.

[bubilas]

Risk is truly extremely attractive. And different people experience it differently, depending on their daily activities and genetics (you don't need me to tell you that it's genetic; scientists have proven this time and again). As for activities, if someone has a daily, necessary job where they don't experience exciting emotions, they'll be hungry for vibrant and positive (not necessarily) emotions. Yes, I know what I'm talking about. And such a person will want to find those same vibrant emotions through casinos and betting, but they won't necessarily even want the results.

[LUCKMCFLY]

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...

Yes, this reminds me of a friend I advised that if a girl likes you, you're already guaranteed a "no" from her (if you do nothing). But if you do something, or at least go and talk to her, you're already fighting for a possible "yes." So you shouldn't take things for granted, you have to go after them. It's possible that in a moment that feeling will disappear, but it can also multiply. Above all, I think we should have a good attitude even if we lose, because the fun remains.

[Jody.Drummer]

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.

If we're talking about gambling, we should immediately discard any notion of risk. Casinos weren't invented by idiots, and these people were well aware of the player's mental state. Therefore, all actions are carried out in such a way that the player is forced to increase the bet and ignore the risks. This is why so many people lose money, rather than the opposite. It requires a very strong-willed character, which is not typical for most people.

The occurrence of bad behavior such as ignoring obvious risks and only focusing on uncertain profits is a mistake in gambling and that is because they gamble irresponsibly or even irresponsibly with the gambling they do. With so many people losing money in gambling it is a fact that cannot be hidden, even though there are some players who win it is not worth the amount of losses experienced before, we must be able to understand that gambling is a thing that has a big risk that has the potential to cause serious harm.

[Italian Panic]

If we're talking about gambling, we should immediately discard any notion of risk. Casinos weren't invented by idiots, and these people were well aware of the player's mental state. Therefore, all actions are carried out in such a way that the player is forced to increase the bet and ignore the risks. This is why so many people lose money, rather than the opposite. It requires a very strong-willed character, which is not typical for most people.

You are absolutely right. I saw a BBC documentary (if I remember right) about the loss of a sense of time inside a Las Vegas casino, where there’s no contact with the outside world, no windows or glass doors, precisely to make players lose track of time and draw them into a gaming tunnel that encourages them to spend money, thanks to lighting effects and continuous jingle.

[Betwrong]

~but the thing is that you will not stop until you lose it all.

Some gambling addicts do have some words that they use to encourage themselves, thinking tomorrow will be better. This is an example of it but I know another one which is if someone failed, he has not failed but he can use the failure to build better tomorrow. It is an encouraging thing but some gamblers can think they can have a better tomorrow if they continue to gamble. I have heard it from a gambler before but I corrected him, he did not listen.

You did the right thing correcting him. Whether he's listening or not, it's his business, but at least you tried to prevent his future losses. Our losses (or wins) have no impact on tomorrow, nor do they have any impact on our future bets today. A gambling addict’s brain blocks that knowledge, even if it exists.

[rachael9385]

If we're talking about gambling, we should immediately discard any notion of risk. Casinos weren't invented by idiots, and these people were well aware of the player's mental state. Therefore, all actions are carried out in such a way that the player is forced to increase the bet and ignore the risks. This is why so many people lose money, rather than the opposite. It requires a very strong-willed character, which is not typical for most people.

You are absolutely right. I saw a BBC documentary (if I remember right) about the loss of a sense of time inside a Las Vegas casino, where there’s no contact with the outside world, no windows or glass doors, precisely to make players lose track of time and draw them into a gaming tunnel that encourages them to spend money, thanks to lighting effects and continuous jingle.

The earleir people realize that everything the casino does is to make gamblers lose the better for them. Time is a crucial factor and when gamblers lose track of it they tend to get hooked and gamble irresponsibly. Another thing that a lot of casinos set in place are free alcoholic drinks, this doesn't seem like a big deal but it is actually a strategy to make gamblers lose their money because they act under the influence of alcohol.

[Mr_Brilliant$]

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.

It wouldn’t really be wise to go with that kind of statement when you’re not even willing or ready to accept the risk involved in gambling.

Yeah, “high risk, high reward” might be true in some cases, but that doesn’t automatically mean you should go for high risk if you’re not capable of handling it.
It’s more about knowing your limit and playing within what you can actually afford. not just chasing significant risk because it sounds cool.

That is the truth, risk does not have to be significant tbh, people feel like if it is not a big risk, then the reward is not worth it… so they overdo it..
But gambling is not about all of that.  If anything, smaller controlled risks make more sense, especially if you’re not built to handle big losses..

At the end of the day, it really just comes down to knowing yourself..  If you can’t handle losing it, then it’s already too much risk..

[irsykes]

Something I often write about is that betting often requires unique circumstances. In trading, these are setups, but in gambling, it's something similar. We should only place a bet if the situation meets many of our criteria. For example, in sports betting, you might start betting when you believe Team A's win is significantly undervalued relative to its odds. But imagine that your betting system requires many such conditions that rarely occur. But if you do encounter such a unique combination of conditions, would you really place a small bet?

What would appear as an ideal scenario sometime challenge inner tranquility in committing a final choice. One may think that the chance of winning is really great since all the supporting evidence appears to be persuasive to the mind. But putting all your money in one event is very risky in your future in terms of finances. Skillful maintenance of the bankroll is the chief preventive of repentance.

Control is crucial when gambling if want to remain safe and in control. For example, when I make a deposit and my instincts tell me the game is going well, I feel the urge to increase my bet, as a big win is possible. However, when the urge arises, it can reverse course and lead to lowering the bet when the game is no longer in multiples. To ensure that my initial capital remains secure, control is crucial.

[Yorubek]

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.

It wouldn’t really be wise to go with that kind of statement when you’re not even willing or ready to accept the risk involved in gambling.

Yeah, “high risk, high reward” might be true in some cases, but that doesn’t automatically mean you should go for high risk if you’re not capable of handling it.
It’s more about knowing your limit and playing within what you can actually afford. not just chasing significant risk because it sounds cool.

That is the truth, risk does not have to be significant tbh, people feel like if it is not a big risk, then the reward is not worth it… so they overdo it..
But gambling is not about all of that.  If anything, smaller controlled risks make more sense, especially if you’re not built to handle big losses..

At the end of the day, it really just comes down to knowing yourself..  If you can’t handle losing it, then it’s already too much risk..

Risks can be taken, but it is better to keep it within your means, there is the highest risk of losing money through gambling, so it is better to gamble with a small amount of money that we can lose, losing will not create additional financial pressure on ourselves, it is better to decide to gamble with that amount of money. Many people think that the chances of winning money through gambling with a small amount are low, so they start gambling with more money and start taking big risks. Money cannot be won by taking big or small risks through gambling, to make money through gambling you have to depend on luck, if you are lucky, you can win. The chances of winning do not increase by betting big.

[Mindyspace]

Risk is truly extremely attractive. And different people experience it differently, depending on their daily activities and genetics (you don't need me to tell you that it's genetic; scientists have proven this time and again). As for activities, if someone has a daily, necessary job where they don't experience exciting emotions, they'll be hungry for vibrant and positive (not necessarily) emotions. Yes, I know what I'm talking about. And such a person will want to find those same vibrant emotions through casinos and betting, but they won't necessarily even want the results.

It makes sense; risk is indeed attractive, and each person experiences it differently.

But it's not just genetics or a lifeless routine; some people in this situation don't even gamble.

In the end, many people seek adrenaline more than money, and this can become a difficult cycle to control, unfortunately.

[Orpichukwu]

Risk is truly extremely attractive. And different people experience it differently, depending on their daily activities and genetics (you don't need me to tell you that it's genetic; scientists have proven this time and again). As for activities, if someone has a daily, necessary job where they don't experience exciting emotions, they'll be hungry for vibrant and positive (not necessarily) emotions. Yes, I know what I'm talking about. And such a person will want to find those same vibrant emotions through casinos and betting, but they won't necessarily even want the results.

Gamblers are to avoid being in a state where they will be finding it difficult to control their emotions by doing the right thing and if they are be observant enough, they will take note of when their emotions wants to be in control of them, which is why taking gambling to be a way of eradicating poverty in their lives, which will destroy their lives instead of the helping them as they imagined or planned. But, having the right mindset push them away from taking the path that will lead them into becoming addicted or into losing more than they expected.

[LUCKMCFLY]

I was reading through a post on Reddit and someone made a comment which interested me. The statement was, "if only we could treat gambling or see the money we use for gambling as donations to the industry, there will be less to worry about after staking, because we donate only what we can do without and what we feel is right" to some extent his right everyone have their own way of just viewing gambling which can be considered as their means of gambling safely.

That's a really interesting concept; I hadn't thought of it that way before, but it makes you wonder if it makes sense. It's not exactly a donation, and casinos shouldn't frame it that way because they'd lose all their customers But things are definitely heading in that direction, not so much as a donation, but as an exchange of money for entertainment, where abuse is quite costly. That's why, for me, gaming is adult entertainment.

[r_victory]

For me, the risk must be worthwhile and very well calculated, in addition to having a plan B. We've already discussed bankroll management, self-control, and other topics excessively here. We all know how important it is, but I believe that not taking risks is already a risk. Just don't do anything reckless.

[shasan]

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.

At the last sentence you have got the correct point that people gamble for the excitement and it hapepns on the both time whether the person loss in gambling or winning in the gamble. If it was only for the money making then many a people would stay out of the gambling. Thoiugh a portion of people only play for the money though the result makes them more loser.

[Hispo]

For me, the risk must be worthwhile and very well calculated, in addition to having a plan B. We've already discussed bankroll management, self-control, and other topics excessively here. We all know how important it is, but I believe that not taking risks is already a risk. Just don't do anything reckless.

Generally, when people say that not taking risk is by itself a risky behavior, they mean life itself is about taking calculated risks in order to achieve our objectives. All investments carry some degree of risk with them, people choose to take risks as part of their careers when they wish to change their job for a different one.
The choice of having a sentimental partner and live with another person is also an actions which carries risk with it.

There are many people who die because of food poisoning, that does not mean we all are going to stop eating out of fear to suffer a similar destiny. The sole act of eating can cost us our life, but we wont stop.

also, not all risk has to have a plan b or some alternative, there are things which are supposed to be faced upfront in order to get what we want or what we need.

[STT]

The earleir people realize that everything the casino does is to make gamblers lose the better for them.

I dont think they have to, the simple underlying element that drives profits is revenue.  They want you to play and if you win, make sure everyone knows we got a winner so others will follow the bet hence more revenue.   If all gamblers lose, its going to really drive down revenue it will bring a cursed feeling to the players and make them feel like going elsewhere.
  Positive feedback vs negative, they want more positives and some of that does have to come from winners.  On average the house is always going to be winning if they get enough people playing, its one of the greatest ever businesses for profits if you just feed every element required to make it run right.

[xenomorfo]

I dont think they have to, the simple underlying element that drives profits is revenue.  They want you to play and if you win, make sure everyone knows we got a winner so others will follow the bet hence more revenue.   If all gamblers lose, its going to really drive down revenue it will bring a cursed feeling to the players and make them feel like going elsewhere.
  Positive feedback vs negative, they want more positives and some of that does have to come from winners.  On average the house is always going to be winning if they get enough people playing, its one of the greatest ever businesses for profits if you just feed every element required to make it run right.

I think they are looking for a sort of balance, not many have to win but someone has to win.
If no one wins, then the game loses its appeal.
If everyone wins, they will win ridiculous sums and the game, as above, loses its appeal.
It's not easy to manage this balance.

[TopTort777]

For me, the risk must be worthwhile and very well calculated, in addition to having a plan B. We've already discussed bankroll management, self-control, and other topics excessively here. We all know how important it is, but I believe that not taking risks is already a risk. Just don't do anything reckless.

How can you calculate risk very well? If you are able to do that, then you probable be able to guess every outcome correctly, but such thing will never be possible in gambling. Even a 1.01 odd has good chances of losing (some say that chances to lose are 1%, but in general chances of losing are higher).

I do believe that risk must be significant, but it must be adequate your finances and expectations. Everything above 3 is super risky, but below 1.20 is a waste of time (because risk is still high but profit is too low). Between 1.5-2.5 is a significant and suitable risk level for me.