This saying is actually true that there is no risk there will be no gain. But I want to say that this should not be accepted in the case of gambling. Because most of the time this word is used in business purpose like if you don't take risk in business you can never achieve anything good. It is one of the qualities of a good businessman to have a risk-taking mindset. Moreover, taking risks in gambling is only as good as a person can afford to lose. If I say better about this, I will say that if he gambles, he should take the risk of that amount, which will not have any effect on his real life leading.
A good proverb will be good if it is applied to the right thing, but if it is misused it is still something wrong, so I agree with you on this.
But this will come back to what our goal is in gambling, are we just looking for fun? or hoping for a big win? If we hope to always win, then the saying seems true, but in the case of gambling it might have bad consequences for us. So we also have to be clever at distinguishing between what is good for us.
Nothing can be achieved without taking risks in life, so taking risks can certainly lead to victory anywhere. Risk taking is definitely the most important factor behind progress and success, a person who does not take risks in life will never reach the happiness of others.
you are right, but due to this mindset alot of individuals have . They normally takes risky recklessly hoping that one day they would surely hit it big (which is true ), but to the reckless way of taking risk they may endup getting themselves reckt before that time ( hitting a big life changing jackpot). Just imagine someone going all in with his hard earn funds without thinking twice , that he or she can either gain or loss . Just imagine such individual endup losing he or she may endup doing something crazy . And the funny thing is that even by any chances such users endup winning , he or she would be encouraged more to continue taken such kind of reckless risk on a stead and he or she may endup losing everything either way , so we should mind the type of risk we taken we should always to emphasize in risk management.
It’s true, big achievements often require taking risks, but there’s a fine line between being bold and being reckless. Your cautionary words about the potential downsides of not practicing risk management, from the possibility of significant losses to the dangerous cycle of chasing losses with more risks, resonate deeply.
It’s crucial to remember that smart risk-taking involves calculated decisions, not just leaps of faith. Knowing when to take a step back, assess the situation, and perhaps most importantly, when to say no, can save us from significant distress. It’s all about walking that tightrope with eyes wide open, recognizing that while risks can lead to great rewards, they should be approached with wisdom and restraint.