Not taking risks can actually be good?

[Agbamoni]

Can we really avoid taking risks? In our businesses, investments, and every aspect of life, there are risks involved and gambling is no exception. While talking about the negative effects gambling has had on gamblers, we should not always fail to mention the news we've read online and the people in our neighbourhood who have gotten a lifetime opportunity through gambling. People hate gambling because it's too risky and will always paint it black as much as they want.

I will be surprised to see someone who say they can avoid taking risk in almost every aspect of their life. The possibility that we cannot avoid risk forever in life is 100%, it's a certainty. In fact not taking risk is already a risk from my understanding.

Anyone who is afraid of taking risk should know that growth and development can only come when we take risk, whether it is in finance, career, health, or any aspect of our life that needs improvement risk must be included. So instead of avoiding risk, the best thing to do is to prepare for them and learn how to manage them to our own advantage.

[viljy]

~
Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

It is impossible to find a loophole to luck in probability theory. Therefore, risk management should be based not on attempts to "cheat chance" in their favor, but based on the financial condition of the gambler. You should take as much risk as the bankroll allows. Then the pleasure of gambling will not be overshadowed by the fear of a critical loss of money, and it will be easier to make risky decisions.

[libert19]

...
Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

Yeah, this statement sounds wise, but don't think it applies to gambling, I consider risk taking in gambling skin to shooting your own foot.

...I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary.

What sacrifice?

Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

I don't take risks in gambling, due to that I don't have big wins to show, but then again I don't have any regrets of losing big either.

[wakier]

In business taking big risks can still be tolerated but if gambling I think it is not necessary because gambling will not make someone rich while business can make someone rich depending on its management and depending on their success in business while gambling is more profitable for casino owners and gamblers will be disadvantaged if they are too brave to take big risks because there is no guarantee of winning big with it.

For me it is better to bet with low risk and not expect too much from gambling.

[cryptomaniac_xxx]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

Yes, it can be applied to gambling, and as per my experience and we all know that, if you excessively gamble, then it has a bad result which is you becoming a gambler. As compare to let's say you just a risk taking, like the story of the FedEx, Fred Smith the CEO who go to Las Vegas and risk the last money of the company and won and make it 5x and with that win he continue to stay afloat his business.

But after that, he didn't go back to gambling again and spend that money rebuilding the company itself. And up to this day, FedEx still stands and one of the biggest company that we have in the world even though there are a lot of challenges as time is moving very fast.

[Cryptmuster]

I will be surprised to see someone who say they can avoid taking risk in almost every aspect of their life. The possibility that we cannot avoid risk forever in life is 100%, it's a certainty. In fact not taking risk is already a risk from my understanding.

Anyone who is afraid of taking risk should know that growth and development can only come when we take risk, whether it is in finance, career, health, or any aspect of our life that needs improvement risk must be included. So instead of avoiding risk, the best thing to do is to prepare for them and learn how to manage them to our own advantage.

Any bet is already a risk (even in its minimal manifestation, but it is so), and you are able to regulate the level of this risk yourself. After all, only you choose the bet size that you are ready to risk, and if you are ready to risk half of your deposit in one bet for the sake of a big win, or even worse, to play all-in, then such a risk cannot be justified and will most likely lead to you losing all your money that was intended for gambling. So you need to manage risks, and it should be reasonable.

[Kelward]

We take risks in most things that we do in this life, from investing our money in a project that we don't have a control over to staking our money in gambling where we don't know if we can win. Where we cannot avoid taking risks what we can do is try as much as possible to minimize the risks so if the negative of risk happens we won't be affected much. The chances of losing is greater than winning in gambling so to minimize gambling losing is to use smaller amounts. The smaller the amount the lesser the risk, the higher the amount the higher the risks, every gambler has to decide how much risk they're willing to take by the amount they use for gambling.

[Webetcoins]

For me, I'm fine now with taking a small risk. It does not always mean though that my reward are now small or tiny. It still has a potential for a bigger one, since I'm playing slot games that are a bit high in terms of volatility. Not taking a risk is different.

It can mainly mean that one must not play gambling at all but I realized that it is still possible to win even without taking a risk and that is by taking advantage of the casino's bonuses. You know, the ones that doesn't need a deposit and only has a small or better no-wagering condition at all. It is just that again, the profit that we can get here is usually small but it is up to us if we will take more risk by continue risking what we have won and then upping our bets more this time.

[Dr.Bitcoin_Strange]

Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

Well, it depends on the person's strategy, the person's financial status and how much they can afford to lose. Someone can afford to lose $2k at once but to another gambler, that money can even serve them to gamble for a whole 12 months. So, even if the gambler can only afford gambling with just small amount, it's very possible that they can win huge amount. Recently someone turned $0.03 to $171,591.95, you can find the thread on this board. That was a huge win for a bet was not even up to $0.5 cent. Practically, with risking huge amount or gambling with just small amount, it's possible that someone that wagered with just a small amount can win huge more than the person that risked a huge amount.

[rachael9385]

It's good that when you're gambling you know how to limit your losses and reduce the risk attached to gambling. If you are after big wins, you will end up in big losses, and vice-versa. People fail to understand that gambling is not a guarantee for profit but a guarantee for losses because the house edge will always win and casinos are out there for business.

It is obvious that a double dealer will also double lose because these the risks, if you double deal and you lose, you will not just lose half but all of the deal. When making a deal in gamble through the amount you are staking you should stake with little money (the amount that you can afford to lose) and do not expect anything from it because you might not get want you have been expecting. Play for the entertainment, and if you can't afford to entertain yourself in gamble then don't gamble.

[giammangiato]

Life is made of risks, from when you go out to the supermarket (an accident is enough) to when you go to war (increasing the probability of risk)
The main factor is to understand, is the risk worth it?
The question to ask yourself even in gambling is before making any bet (is it worth it?)
If it is worth risking a bet even for a low win, do it without hesitation, but the evaluation is strictly personal.
I personally use this technique also in life, I always ask myself, is it worth it?

[Fivestar4everMVP]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

Risks vary and so does the levels, so also does the reward as regards to gambling, some risks can be very high but so also is the reward that goes with it, while some risks can be high and the reward that goes with it is very low, this is a type of risk to avoid.

On the other hand, some risks are pretty low and of course with pretty low reward, while on the rare side, it's also possible to find a game with pretty low risk of losing and with high reward, this is the type of risk which is rather an opportunity we must never allow to pass us by.

In the nutshell, risks are important to take if we must succeed in life and in what ever we do or are doing, but like it's commonly said that too much of everything is bad, so also is taking too much and unnecessary risk is bad as well, we as the risk bearers must know where to always draw the line, and also ensure the type of risk we are taking, whether it's one that is really worth the potential reward or not.

[stomachgrowls]

Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

Well, it depends on the person's strategy, the person's financial status and how much they can afford to lose. Someone can afford to lose $2k at once but to another gambler, that money can even serve them to gamble for a whole 12 months. So, even if the gambler can only afford gambling with just small amount, it's very possible that they can win huge amount. Recently someone turned $0.03 to $171,591.95, you can find the thread on this board. That was a huge win for a bet was not even up to $0.5 cent. Practically, with risking huge amount or gambling with just small amount, it's possible that someone that wagered with just a small amount can win huge more than the person that risked a huge amount.

All matters into the amount on which you can actually be able to afford to lose and since each person is different when it comes to financial capacity then can be able to tell that decisions be made will be that definitely different. Not taking up any risks actually do have some perks or some advantage on which you would be able to avoid on losing up money on which this isnt that only talking about gambling but also in business or investment but the cons is that you wont be able to potentially make money or make profits. The only shit thing about gambling is that it do have that higher chance on busting up your  money than or in compared when you are investing or doing up some business.

Its good on the sense that you can avoid on losing money but there's no chance for you to earn one but since we are talking about gambling then not taking risks or not been involving with gambling is much more better rather than on spending into it.

[purple_sparkles]

Life is made of risks, from when you go out to the supermarket (an accident is enough) to when you go to war (increasing the probability of risk)
The main factor is to understand, is the risk worth it?
The question to ask yourself even in gambling is before making any bet (is it worth it?)
If it is worth risking a bet even for a low win, do it without hesitation, but the evaluation is strictly personal.
I personally use this technique also in life, I always ask myself, is it worth it?

It is very important to be able to set priorities and ask yourself the right, honest questions. One of the most important is: “Is it really worth it?” And not just to ask, but to find a sincere answer. Why do I need this, what am I truly trying to gain, and what might I lose? When you understand the reason behind your risk, you are the one in control, not just going with the flow. Awareness isn’t about fear, it’s about maturity. Only conscious decisions bring real stability and genuine satisfaction, both in life and in the game.

[goldkingcoiner]

Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.

It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

There is no such thing as not taking risks. There is such a thing as not taking unnecessary risks.

I say there is no such thing as not taking risks because that is what life is, everything is a risk. Nothing is risk-free in life. But some risks weigh more than others and therefore should be carefully considered beforehand.

If more people considered gambling as entertainment instead of income sources, then their risk-taking would be more evenly and thoughtfully weighed and I think they would stop losing as much money as they used to.

[Cointxz]

Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

It depends on what will give you the most satisfaction. Some people preferred slow gambling by playing on low house edge game to gain small amount little by little until they built up their profit.

While others like me like a more risky bet to have a higher profit expectation once bet won.

There’s no right or wrong in gambling because everything is based on luck. What matters the most is where you can get maximum satisfaction by playing. Play on your own style.

[peter0425]

Can we really avoid taking risks? In our businesses, investments, and every aspect of life, there are risks involved and gambling is no exception. While talking about the negative effects gambling has had on gamblers, we should not always fail to mention the news we've read online and the people in our neighbourhood who have gotten a lifetime opportunity through gambling. People hate gambling because it's too risky and will always paint it black as much as they want.

I will be surprised to see someone who say they can avoid taking risk in almost every aspect of their life. The possibility that we cannot avoid risk forever in life is 100%, it's a certainty. In fact not taking risk is already a risk from my understanding.

Not taking a risk just means staying in your safe zone. There is no risk in that because you are just stuck in one place. Yes you are safe but you will not be progressing. You will be forever in one place while the rest of the world moves ahead of you and past you. You are right no one can avoid having to take risks but if someone keeps trying to they will just end up not progressing beyond the place they should have left a long time ago. At some point they will realize this and finally start taking risks.

[junder]

I myself think that gambling mostly depends on luck so it doesn't seem to require players to take risks such as betting their money on a large scale or large amounts and ignoring other needs and not caring if it will end in losses.

Behind that, there must be players who take big risks in their gambling and I think it is done because they cannot accept the losses they have experienced. People who are wise in gambling seem not to take risks or maybe not do it at all.

[Iranus]

In business taking big risks can still be tolerated but if gambling I think it is not necessary because gambling will not make someone rich while business can make someone rich depending on its management and depending on their success in business while gambling is more profitable for casino owners and gamblers will be disadvantaged if they are too brave to take big risks because there is no guarantee of winning big with it.

For me it is better to bet with low risk and not expect too much from gambling.

Agreed. Although there is no guarantee that if we start a business, we will be successful, taking risks in business is worth it because we have the opportunity to get rich if we have the right strategy and plan. But in gambling, whether we accept the risk or not, there is only one result, which is loss. The greater the risk, the greater the loss. Therefore, it would be unwise to take a big risk when we know for sure that it cannot bring better results.

It is better that we do not put our hopes on gambling.

[Akbarkoe]

snip
It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

Don't take too many risks in gambling, stick to bets that you are ready to lose because you are different from them, don't let the temptation of big wins when taking risks be your reference in making bets, it is the wrong choice and you will not be able to be a responsible gambler.

I think risk taking is always related to taking big capital in betting, and that is not good, because you will lose faster if you lose even though you can get 10 times the same amount of money with the possibility of winning that can still be obtained in the next session.