No risk no gain

[yohananaomi]

It's a difficult choice for me because I don't gamble and don't want to gamble, currently I'm focusing on my final college assignment.
But if I choose this, maybe I will definitely take that risk, I lose 10 USD if I lose and 60 USD if I win.

This guess is like being in a FUN position, but if I bet on soccer betting above 10 USD then it looks like it will make my life miserable.
Remember, this is just my metaphor if I gamble and I don't gamble. So, 10 USD for gambling capital if you win 60 USD is very reasonable and that's a big value in my place.

The best way not to gamble is not to do it; it can be difficult to do that. As you said, by risking $10, you will get $60 if you win, but what is the percentage chance of winning compared to losing? It is certain that the percentage of losses is greater than that of wins; if that is the case, it is certainly wise not to gamble.Remember, gambling will be addictive, just like consuming illegal drugs, so don't try to do it as long as you can avoid it.

[Papusha20]

It's a difficult choice for me because I don't gamble and don't want to gamble, currently I'm focusing on my final college assignment.
But if I choose this, maybe I will definitely take that risk, I lose 10 USD if I lose and 60 USD if I win.

This guess is like being in a FUN position, but if I bet on soccer betting above 10 USD then it looks like it will make my life miserable.
Remember, this is just my metaphor if I gamble and I don't gamble. So, 10 USD for gambling capital if you win 60 USD is very reasonable and that's a big value in my place.

The best way not to gamble is not to do it; it can be difficult to do that. As you said, by risking $10, you will get $60 if you win, but what is the percentage chance of winning compared to losing? It is certain that the percentage of losses is greater than that of wins; if that is the case, it is certainly wise not to gamble.Remember, gambling will be addictive, just like consuming illegal drugs, so don't try to do it as long as you can avoid it.

Gambling generally gives people pleasure, because many gamblers enjoy playing. If you are new to gambling then chances of loss will be high, and if you are experienced in gambling then chances of winning will be high. There are many gambling strategies that have been followed by thousands of gamblers to win. You can win if you gamble using experience and strategy but you will face losses when you become addicted to gambling. You need to take 2-3 Days retirements a week to avoid gambling addiction.

[Agbe]

Op you have well articulated for the risk management thread. If you want to make it in life you must have risk or you must face risk to succeed in life. Nobody played bet and still expect lose from the bet and that mindset is the risk involved as well and also the high tension of the gambler causes the risk in the betting. And in this season whenever Chelsea is playing with someone, just support the opposite team. And keep the faith in it. Risk is everywhere.

[DaNNy001]

Op you have well articulated for the risk management thread. If you want to make it in life you must have risk or you must face risk to succeed in life. Nobody played bet and still expect lose from the bet and that mindset is the risk involved as well and also the high tension of the gambler causes the risk in the betting. And in this season whenever Chelsea is playing with someone, just support the opposite team. And keep the faith in it. Risk is everywhere.

I couldn't stop laughing 😁 why the reference to Chelsea, I think you don't bet that much because you would have known that Chelsea are now keeping up and have won their games on a row so betting against them is actually not a good idea at all. Although when it comes to risk and success the two are tied like brother of the same feathers so its highly imperative that every successful man must have taken one or two risk in his build up to the success he is enjoying.

[Altcoin1998$]

No Risk No Gain This applies to all aspects of life. No matter how much you invest in life if you don't take risk there will be no chance of benefit especially in the cryptocurrency world there will be risk behind every investment you make only if you take risk there is only chance of profit. Risk investing is just like crypto currency in gambling, here some people invest with risk and become rich overnight in a short period of time and some people invest with risk and end up bankrupt due to the cruel irony of fate. However, with every investment, the two words risk and gain are closely related. No investor can ever avoid these two things.

[Baofeng]

No Risk No Gain This applies to all aspects of life. No matter how much you invest in life if you don't take risk there will be no chance of benefit especially in the cryptocurrency world there will be risk behind every investment you make only if you take risk there is only chance of profit. Risk investing is just like crypto currency in gambling, here some people invest with risk and become rich overnight in a short period of time and some people invest with risk and end up bankrupt due to the cruel irony of fate. However, with every investment, the two words risk and gain are closely related. No investor can ever avoid these two things.

Exactly, but it is more pronounced in gambling as the very definition of it is risk. So yeah, if you don't try and take that risk, you don't know if you are going to win or lose. And as gamblers, we are willing to take on that one. However, there are risk that we should also learn to mitigate. Specially if the money that you are going to play is allotted for something.

And with that, in any investment and gambling, risk will be involved no matter what. It's just how to to control and implementing these risk mitigation strategies, individuals can gamble more responsibly, reduce the likelihood of significant losses, and maintain better control over their gambling behavior.

[Altcoin1998$]

No Risk No Gain This applies to all aspects of life. No matter how much you invest in life if you don't take risk there will be no chance of benefit especially in the cryptocurrency world there will be risk behind every investment you make only if you take risk there is only chance of profit. Risk investing is just like crypto currency in gambling, here some people invest with risk and become rich overnight in a short period of time and some people invest with risk and end up bankrupt due to the cruel irony of fate. However, with every investment, the two words risk and gain are closely related. No investor can ever avoid these two things.

Exactly, but it is more pronounced in gambling as the very definition of it is risk. So yeah, if you don't try and take that risk, you don't know if you are going to win or lose. And as gamblers, we are willing to take on that one. However, there are risk that we should also learn to mitigate. Specially if the money that you are going to play is allotted for something.

An important prerequisite in every business is risk management and how to mitigate the impact of risk to achieve business success and change conditions. Gambling is no exception, but the amount of risk in gambling is much higher than in other investments.  Especially those who take risks in gambling and often hold big bets can sometimes become millionaires and billionaires if luck favors them.

[MUGNIA]

It's a difficult choice for me because I don't gamble and don't want to gamble, currently I'm focusing on my final college assignment.
But if I choose this, maybe I will definitely take that risk, I lose 10 USD if I lose and 60 USD if I win.

This guess is like being in a FUN position, but if I bet on soccer betting above 10 USD then it looks like it will make my life miserable.
Remember, this is just my metaphor if I gamble and I don't gamble. So, 10 USD for gambling capital if you win 60 USD is very reasonable and that's a big value in my place.

The best way not to gamble is not to do it; it can be difficult to do that. As you said, by risking $10, you will get $60 if you win, but what is the percentage chance of winning compared to losing? It is certain that the percentage of losses is greater than that of wins; if that is the case, it is certainly wise not to gamble.Remember, gambling will be addictive, just like consuming illegal drugs, so don't try to do it as long as you can avoid it.

I think the percentage is 50:50, it's just luck in gambling if win , everything is regulated by the gambling organizers, actually when you can win and lose . if all players win when will the gambling owner make a profit.
better to avoid than to try I think

[0t3p0t]

It's a difficult choice for me because I don't gamble and don't want to gamble, currently I'm focusing on my final college assignment.
But if I choose this, maybe I will definitely take that risk, I lose 10 USD if I lose and 60 USD if I win.

This guess is like being in a FUN position, but if I bet on soccer betting above 10 USD then it looks like it will make my life miserable.
Remember, this is just my metaphor if I gamble and I don't gamble. So, 10 USD for gambling capital if you win 60 USD is very reasonable and that's a big value in my place.

The best way not to gamble is not to do it; it can be difficult to do that. As you said, by risking $10, you will get $60 if you win, but what is the percentage chance of winning compared to losing? It is certain that the percentage of losses is greater than that of wins; if that is the case, it is certainly wise not to gamble.Remember, gambling will be addictive, just like consuming illegal drugs, so don't try to do it as long as you can avoid it.

I think the percentage is 50:50, it's just luck in gambling if win , everything is regulated by the gambling organizers, actually when you can win and lose . if all players win when will the gambling owner make a profit.
better to avoid than to try I think

Well yeah, that is really the most accurate the 50:50 chance of winning and losing depends on how fair play works if it favors on the side of the owner then expect a devastating loss. We all know that it's all random based on what algorithm and program casino owners use but yeah all in all a win/win for the casino owners I think.

[tommynine]

Essentially without risk there is no benefit. Because even in business you are constantly risking your money, but you can also risk in gambling. I had an experience when I opened a coffee shop and lost and when I tried to play on the fairspin platform on the advice of a friend and earned more on this platform than on my own business with minimum effort. Luck decides everything

[yohananaomi]

Essentially without risk there is no benefit. Because even in business you are constantly risking your money, but you can also risk in gambling. I had an experience when I opened a coffee shop and lost and when I tried to play on the fairspin platform on the advice of a friend and earned more on this platform than on my own business with minimum effort. Luck decides everything

Maybe in business, as you say, the concept will be different, although perhaps the gambling is in the concept of running a business, which usually always requires the courage to step up and open the first time. As you experience, on the one hand, you do it but don't succeed, but on the other hand, you can succeed well. gambling in the business you do in positive terms.

[SmartGold01]

yeah is true but sometimes we can say is a calculated risk where you need to be very mindful before involving in such bets otherwise you could lose or lets come to think of this if that you placed the bet and it went against you would have reacted like this? I think you will be angry with yourself for losing that game coupled with your money, so it's sucking when you plan your games and it went against you even with fate that you will win the bet and it turns out to be lost you won't be happy, therefore before we go into any bet we should be ready to accept the lost and risk associated with it before taking the bold steps to gamble.

[Litzki1990]

I believe that progress in life is not possible without taking risks, but taking risks in the wrong places is always foolish. We are taking a risk on something that we have no idea about or taking a risk on something that we are most likely to lose our money on. The risk we take in investing is definitely right for us but if we take high risk in gambling it is not very safe for us. This is why you shouldn't risk maximum money in gambling because if your prediction is even a little wrong in gambling then there is a possibility of losing the entire money. If we gamble responsibly then gambling is fine for us but if we are addicted to gambling and do not risk money then it is not fine for us at all.

[DragonF]

Essentially without risk there is no benefit. Because even in business you are constantly risking your money, but you can also risk in gambling. I had an experience when I opened a coffee shop and lost and when I tried to play on the fairspin platform on the advice of a friend and earned more on this platform than on my own business with minimum effort. Luck decides everything

I agree with you. Taking risks is an inherent part of gambling. Gamblers are constantly making decisions that involve some level of risk because placing a bet on an outcome that is so uncertain is risky. For example, taking up your hard-earned money to a betting shop and then using the money to bet on a set of accumulated games involves a significant financial risk, as there is no guarantee of success  - there is always the possibility of losing. However, with this risk comes the potential for great reward. If the bet plays, the gambler stands to make a profit. This notwithstanding, the risk should always be calculated to prevent irreparable loss.

[Emmanuel1]

"So here is my question, have done something like this knowing fully well that the risk is what brings the rewards and how did it go for you own experience.

Everything about life is a risk and is even risky  not to take a risk, there is a saying that said "if you don't take the risk you will not eat the biscuit"so eating good biscuit and meant for people who take major risk, every work or business you do have at least a minimum amount of risk attached to the job or business, but in everything you do always take calculated risk.