Only a gambler with self-control can distinguish between risk and greed. If you don't have self control, you will take wrong gambling decisions and boost that you are taking risk. I have noticed that gamblers who make poor gambling decisions are quick to justify their actions by claiming "no risk, no gain." All gamblers should understand that gambling risk should always be calculated, which means that it should not have a significant impact on a gambler's income and ability to live.
I totally agree that self control remains the hallmark of every responsible gambler, as this remains the only thing that enables gamblers maintain a leveled head when faced with certain circumstances and still manage to make better gambling choices. And this includes the ability to distinguish between calculated risks and greed. Without self control, every gambler is bound to often rationalize poor gambling decisions and to justify themselves, they often hide behind the no risk, no reward mantra.
The word is actually correct, but it will be fatal if we do not understand it very well. Now the question is how much risk can we take? If we only hold on to the word "risk" we might spend our money, because we hide behind the word brave.
But in gambling we must be able to understand every word correctly, because if not it will have bad consequences.
You’re absolutely right.
In the end it’s all about knowing your own personal risk tolerance level and then work on your management risk, because risk tolerance level is something that may differ from person to person, which could also be determined by several factors, a person’s knowledge and experience on the particular risk he tends to take, the person’s financial capacity, the impact of the risk on the person should things goes bazaar and several other reasons. Once you’ve weighed these factors, you may be able to identify your risk tolerance level and then be able to focus on your management skills.
Some people end up taking certain risks simply because they see others taking the same equal amount of risk without fully calculating and checking the weight of the risk on their end, and then hiding in the shadow of the no risk, no reward term, which of course could lead to heavy financial losses