Does the risk have to be significant?

[vs2014]

You will not get value for risking everything so what you should apply in gambling should not be at all. Because if you gamble to increase your wealth the calculation of losses will make you depressed. So gamble only for fun and if you lose forget everything quickly. You can take high risks in any moving business that is your offline business. Gambling has given wealth to very few people but has ruined wealth of most people. You are not forcing yourself but it is up to you where and how you will use your wealth.

[TheUltraElite]

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.

Everyone is a loser when it comes to gambling and hence you should not feel bad about it. Because the system in which a casino functions you are always expected to lose money only not win. Hence the hope that you can win big should be kept to a minimum.

The risk can be high, but you might not be able to cover that risk and win big enough to cover the entire loss even if you manage to hit the big win. Hence keep it simple and play only for the fun.

The losing part is common, the winning part is also going to happen but cumulative losses will be much more.

[Africolo]

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.

Yes, every risk has to be significant that's why it's called a risk you must have fate that it will either be successful or failed while trying, some of the risks that the gamblers takes is bound out of greed to win more because tell me why someone that has been able to win a substantial amount of money from gambling won't pull out the money he has won and use it for something tangible, instead he will prefer to gamble with the money and lost all in pursuit of winning extra.

The type of risks we take determines the outcome of our profits for instance, if you stake with a low amount of money, you will also win a small amount of money likewise to when we stake higher amount. What is most important in gambling and risk taking is that we should risks what we can afford to loose if it doesn't go the way we have planned it, every risk taker knows one thing which is he might loose or win at the end of the day.

[yixichloro2xx]

The problem is not the risk, because everything that involves money or anything must always come with risk. It can't be avoided.  The problem should be how the risk is taken. There's a difference between betting with risk management and betting blindly. risk management gives you minimal losses with protection of capital. but betting blindly or without risk management can make lose more than what you win, due to chasing losses or making gambling a means of survival. People who have survived long through betting doesn't rely on luck alone but also discipline, self control, and proper risk management.

[Inior]

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.

I think everyone should work with their risk tolerance irrespective of how risky it is. As a bettor or gambler, if you fail to work with your risk tolerance you will end up losing more than you can afford to lose and that is a bad move. However if you want to win big you can increase the odds but keep the stake simply, it would be a bad idea to try to go all in with a significant amount of money knowing fully well that it wasn't meant for gambling but for something important.

[danherbias07]

You will not get value for risking everything so what you should apply in gambling should not be at all. Because if you gamble to increase your wealth the calculation of losses will make you depressed. So gamble only for fun and if you lose forget everything quickly. You can take high risks in any moving business that is your offline business. Gambling has given wealth to very few people but has ruined wealth of most people. You are not forcing yourself but it is up to you where and how you will use your wealth.

All you said was right, but difficult to do. We can always tell gamblers to just have fun, but when you are in that moment, especially when you are losing, it's actually difficult to control it. That is why we must learn about the risk we are taking. Even if we bet just a cent or a dollar per roll, we must accept the fact that the high risk is there and losing is very normal.
Once we accept that, it gets easier. That's when the fun part will begin. The knowledge that we had after experiencing losses is what will make us be calm even if we are having a losing streak. It's the experience and accepting that winning is very hard in gambling because of the risk that we took.

[Queen uloma]

People who take big risks without advantage will always lose money with time. In Reality risk isn’t about tempting fate, it’s about how you manage uncertainty. Most gamblers are going into gambling because of the profit, they ain’t gambling for fun or entertainment. Risk taken isn’t bad but reckless risk is bad. Successful investors are not gambling for the profit, they focus more on protecting their money and trying their best in controlling risk. Gambling has made people to be rich and also made people to be poor. That’s why it’s advisable for gamblers to only gamble with money they can afford to lose, once that money is finished you call it a day, and leave, don’t risk or take risk on something you ain’t sure of.

[Yorubek]

You will not get value for risking everything so what you should apply in gambling should not be at all. Because if you gamble to increase your wealth the calculation of losses will make you depressed. So gamble only for fun and if you lose forget everything quickly. You can take high risks in any moving business that is your offline business. Gambling has given wealth to very few people but has ruined wealth of most people. You are not forcing yourself but it is up to you where and how you will use your wealth.

There is no confirm of winning money through gambling, it is better to decide to gamble with money that you can afford to lose. Gambling is good for entertainment, gambling with extra risks just to make quick money is absolutely foolish. There is a possibility of winning money through gambling, but it requires proper knowledge, research and luck. Luck plays the biggest role in winning in gambling, lucky people can win money repeatedly by gambling. There is no confirm of winning money by gambling beyond your means. Therefore, gambling with money that you can afford to lose is good for entertainment purposes.

[ASloveapg]

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.

Most people initially see gambling as a means of earning, because when we win a few times in the beginning, we gain deep confidence and think that winning here is always so easy, but this is our biggest wrong mentality and thinking. Gambling can never be a source of income, it is only a means of entertainment, but when someone wants to make it a profession, then a kind of pressure is created in him, and each loss creates a deeper emotion in him, so he wants to recover his losses in any way, this is how many people actually fall into big losses and addiction.

[Nwada001]

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.

Risk is risk; the only difference is that when you are taking investment risk, you have to weigh your chances of making a profit out of it, the possibility, and other options that you have if it's thoroughly worth it. In gambling you can also do the same thing, but the results are not always the same; no matter the effort you put in, it's always better to go in with less funds, like someone who already made up their mind that the money is not coming back.

[Wakate]

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.

Most people initially see gambling as a means of earning, because when we win a few times in the beginning, we gain deep confidence and think that winning here is always so easy, but this is our biggest wrong mentality and thinking. Gambling can never be a source of income, it is only a means of entertainment, but when someone wants to make it a profession, then a kind of pressure is created in him, and each loss creates a deeper emotion in him, so he wants to recover his losses in any way, this is how many people actually fall into big losses and addiction.

Winning has never been easy for gamblers even for the newbies that are just gambling for the first time. If they are very lucky, they're first bet can become profitable for them but this does not happen to all the gamblers trying to be profitable.
You can not be profitable gambling always except you are a skilled gambler with adequate luck.

[Achalugo BTC]

You will not get value for risking everything so what you should apply in gambling should not be at all. Because if you gamble to increase your wealth the calculation of losses will make you depressed. So gamble only for fun and if you lose forget everything quickly. You can take high risks in any moving business that is your offline business. Gambling has given wealth to very few people but has ruined wealth of most people. You are not forcing yourself but it is up to you where and how you will use your wealth.

Increasing your stake just because of getting rich through gambling has lead most gamblers to go into depression because when they realize the amount they have wasted just because of gambling will be enough for to invest in a very good business that will be giving them good benefits. That is why its important that one should bet with what they can afford to lose , which will really benefit them from a lots of problems. So you are right, there is no point in risking everything into gambling when there is no gain to show of it.

[Versatile_choice]

Increasing your stake just because of getting rich through gambling has lead most gamblers to go into depression because when they realize the amount they have wasted just because of gambling will be enough for to invest in a very good business that will be giving them good benefits. That is why its important that one should bet with what they can afford to lose , which will really benefit them from a lots of problems. So you are right, there is no point in risking everything into gambling when there is no gain to show of it.

Increasing of stake is normal in gambling especially for those that are gambling for profit , they think increasing thier stake would make them become rich, there's a guy that like going with high amount in all his bet then I ask him why to know his reasons then he Said that the reason why he usually go with high amount is because he don't know when luck will come so he wouldn't want a situation where he will win a little amount if he eventually get lucky. But looking at it from the two angles you will see that he made the wrong decision because before luck will get to him he must have loss something very huge which he can't be able to recover from his wining.

[ASloveapg]

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.

Most people initially see gambling as a means of earning, because when we win a few times in the beginning, we gain deep confidence and think that winning here is always so easy, but this is our biggest wrong mentality and thinking. Gambling can never be a source of income, it is only a means of entertainment, but when someone wants to make it a profession, then a kind of pressure is created in him, and each loss creates a deeper emotion in him, so he wants to recover his losses in any way, this is how many people actually fall into big losses and addiction.

Winning has never been easy for gamblers even for the newbies that are just gambling for the first time. If they are very lucky, they're first bet can become profitable for them but this does not happen to all the gamblers trying to be profitable.
You can not be profitable gambling always except you are a skilled gambler with adequate luck.

I think it is impossible to always be profitable in gambling, the more we win in gambling, the more we lose. The games in casinos are designed in such a way that in the end the house is in profit. I would never consider gambling as a way to succeed, but those who keep playing to make a profit do not have a realistic mentality, and that is why they keep playing but end up losing everything.

[livingfree]

I think it is impossible to always be profitable in gambling, the more we win in gambling, the more we lose. The games in casinos are designed in such a way that in the end the house is in profit. I would never consider gambling as a way to succeed, but those who keep playing to make a profit do not have a realistic mentality, and that is why they keep playing but end up losing everything.

That can't do. Someone who's so profitable in gambling will have to go through with a thought that luck is with them and they shouldn't stop.

And when they do, that's the time they will lose everything they have won. The belief of themselves that they're not going to lose is a lie.

[Achalugo BTC]

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.

And yet, most people will feel that their advise is of no use to them, which they think also that they are depriving them of becoming successful in life. But, if they try and stick to the instructions and the rules of gambling, they will be at peace when gambling, which doesn't have to hurt their emotions badly while gambling, because onec their emotions is hurt and they can't be in control if it, it will lead them into the traps, which will destroy their plans.

[Churchillvv]

I think it is impossible to always be profitable in gambling, the more we win in gambling, the more we lose. The games in casinos are designed in such a way that in the end the house is in profit. I would never consider gambling as a way to succeed, but those who keep playing to make a profit do not have a realistic mentality, and that is why they keep playing but end up losing everything.

That can't do. Someone who's so profitable in gambling will have to go through with a thought that luck is with them and they shouldn't stop.

And when they do, that's the time they will lose everything they have won. The belief of themselves that they're not going to lose is a lie.

Very brilliant, that self belief that derives one to success is in skill based things and learning not gambling or luck based things. If you’re not a lucky person you will fall out and loss yourself to gambling not just money but everything you have to it, including an existing family. So it’s better to be on the consciousness that gambling is just based on what you have to loss and of possible gain it back when you loss.

[Big Dirams]

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.

And yet, most people will feel that their advise is of no use to them, which they think also that they are depriving them of becoming successful in life. But, if they try and stick to the instructions and the rules of gambling, they will be at peace when gambling, which doesn't have to hurt their emotions badly while gambling, because onec their emotions is hurt and they can't be in control if it, it will lead them into the traps, which will destroy their plans.

Walking into the casino without actual plans, strategies and analysis is a very wrong idea because we might end up leaving the casino with hurt feelings and unpleasant memories. As a gambler applying risk management to our gambling activities and knowing when to quit and when to walk in is a big consideration for us if not such gambler will end up losing a lot than he or she could have imagine.
 Gambling without proper risk will only result into loss of funds and emotional trauma. Let make sure we listen to gambler that have much experience about the casino and has made so much from the casino, let not just think we can take any decision we wish to without proper risk management.

[Somto9Light]

I think it is impossible to always be profitable in gambling, the more we win in gambling, the more we lose. The games in casinos are designed in such a way that in the end the house is in profit. I would never consider gambling as a way to succeed, but those who keep playing to make a profit do not have a realistic mentality, and that is why they keep playing but end up losing everything.

That can't do. Someone who's so profitable in gambling will have to go through with a thought that luck is with them and they shouldn't stop.

And when they do, that's the time they will lose everything they have won. The belief of themselves that they're not going to lose is a lie.

Very brilliant, that self belief that derives one to success is in skill based things and learning not gambling or luck based things. If you’re not a lucky person you will fall out and loss yourself to gambling not just money but everything you have to it, including an existing family. So it’s better to be on the consciousness that gambling is just based on what you have to loss and of possible gain it back when you loss.

True, but only that gambling isn't just luck based alone, there are also gambling games that are also skill based, like poker, card games and some other games, these type of games really does require and depends on how skillful the player really is, and if you are just expecting luck to come to your rescue here, you'll really see something else coming your way.

[WhoYouCantKill]

Risk is risk; the only difference is that when you are taking investment risk, you have to weigh your chances of making a profit out of it, the possibility, and other options that you have if it's thoroughly worth it. In gambling you can also do the same thing, but the results are not always the same; no matter the effort you put in, it's always better to go in with less funds, like someone who already made up their mind that the money is not coming back.

That's right, risk is risk, no matter how small or big one may bet with, its better to bet with the amount you won't feel bad about, that is to say that gamblers are to risk what won't hurt them and be able to walk away when necessary and also be able to control their emotions because if they bet with what they can risk, there will be no refund of their loss and no chasing, which there is every high can that if they decide to chase after their losses, they will still lose more.