Topic: Avoid Miscalculated Risks In Gambling. - page 2. (Read 549 times)

That's what most people don't understand. When you understand that you're taking wrong decisions then you should stop at that very moment but unfortunately most gamblers still continue to gamble and that's a wrong thing.

It's ones own choice to either avoid something or do something and those who do wrong things should understand that such decisions can hurt them without any doubt. Every gambler wants to make profits as a gambler but most of those are too greedy and that's why they take wrong decisions.

Highly agree into these words on which these are really that on point.Whether which way you would really be tending to go, as long you are dealing up with gambling then you are really just that basically dealing up with risk.

The only thing that you should really be needing to look upon is on how you would really be able to assess yourself that realistically on dealing up with gambling. Spend only on the amount that you can afford to lose
and you wont really be tending to check nor really that tend to see about on how much you have lost since you had already fixated yourself or having those anticipations that you would really be losing it all.
Risks on what you can afford to lose and you wont really be that minding yourself about these matters.

On the moment that you would be making bad decisions then we do know on where it would really be ending up and this is something that you
should really be avoiding at all cost.

what you are emphasizing on is a pathway of discouragement to gamblers because it is obvious that gambling is a risk and as gambler you have to sacrifice knowing that the risk involved in gambling is high and there is every tendency that you might lose or benefits through your gambling so it differs when you say it is ignorant that makes people to take unnecessary risk in gambling that means you are contradictory gambling with the other things because for you to participate in gambling you are aware that it has to do with a risk measure and the possibility of you winning or benefiting from what you deposited is very high so it is out of luck and opportunity that made people to be one of beneficiaries of gambling from my own perspective

There's nothing like unnecessary risk.. in as much as there's nothing like a "sure game" or a "sure win", you can't expect small odds to pay you all the time; I've seen cases where a game with 12 odds played and won against a team with just 1.70 odds - what do you call that? Magic!
predictions will always differ, no matter how you try.. There are atleast 380 options in sport betting and everyone plays any options depending on how they make their predictions. Wagering on games with smaller odds doesn't necessarily mean you're about to secure a win.

There's no difference between miscalculated risk and uncalculated risk because both are considered as risk and could be cause of huge losses.

Some people calculate their risks and when they aren't able to calculate the risks properly then they say miscalculated risk while others avoid calculating their risks and continue taking more and more risks.

We all know that gambling is a risky thing and those who take huge risks with high odds often end up losing the amount they betted.

Looking at your topic of discussion I am tempted to ask, what is the difference between miscalculated risk and uncalculated risk ?

I am asking this because my father always say '' that it is better you take the risk and it did not work out than you did not take the risk and it works out''

In gambling you can never attain the height or level of an expert and that is something most of us fail to understand , I see you call yourself an expert In gambling as delusional because it's practically not possible to be an expert in luck, you only be an expert in a profession or a job or even a skill but in something that is so luck dependent that it has got a 50/50 chance, I don't think it's Ideal to reference one as been an expert and so keep expectations for such a person, rather an experienced Gambler is better as a reference than using expert, an expert in something almost makes no mistake in such so a gambler who is an expert should be winning always but there's never a person who does. Gambling is something we shouldn't do without risk management as that we we stand more chance to loose and so it's always better to make sure to check your risk than trying to be an expert.

  Here's the thing. When you gamble you will always going to be hit with the urge to go big or go home, and oftentimes the urge only stockpiles even more the more that you deny answering it. That's what happens to me at the very least. So what I did to make sure that I am able to really follow my gambling style, and still remain afloat, is incorporate a betting system that would make sure I don't lose money one way or another, and a larger bet size that would satisfy my adrenaline rush needs.

Now I'm not saying people should follow behind my footsteps, since people's capacity to gamble and their risk levels aren't going to be the same as I, but for those who can ball, do so in moderation and make sure you don't lose money in the process, you can do so by betting and stopping at certain levels. I don't know man, just some food for thought really.

Nope, risks in gambling is even more in compared into the risks that you are really that putting in trading on which we know that trading isnt something that you could really be treated out to be as entertainment or leisure on which you could really be able to take advantage with trading if you do really know on what you are doing and this is something that you would really be needing up to consider in this kind of approach
on which trading is something that cant really be having that gambler like mind or behavior or decision making but since we are talking about calculating risk in gambling then the only key on here is that you should really be just that only make use of the amount that you can afford to lose. Never ever make yourself having that kind of gambler like approach when you do make trading and on gambling then its just
for leisure purpose and not something that you can make income.

Risk is gambling is same with risk in trading most especially if you are trading on either deravatives or leverage trading where your entire equity could get liquidated because at a point you have to make the decision either to avoid greed and take profits no matter how little it is instead of using high leverage.


 Gambler's most time believe that the higher they risk, the better and quicker they are to making the desired big hit, this greed characteristic have made many to lose substantial amount because the house will always be at advantage against the gambler that is why one should gamble only the amount you are ready to lose.

Yeah artist also go bankrupt and even borrow after losing out lots of money through gambling. But, it's unfair to tag artists as rich people. I think the elite are actually called the rich. What would you call the boss to Drake? Gambling however shouldn't be categorized amongst any set of people alone. The rich and poor people have similar fates in gambling. Which enable them to make good and bad decisions.

We can't assume that the rich because they have some money, mistakes wouldn't be found in them. Predictions could work for a low roller and not for a high roller. On the long run if players are neglected and not told about their mistakes like the first member said, it'll cause lots of troubles in the society. Truly, lots of players need help to get around the tricky mistakes associated with gambling.

You can get caught up in the moment and feel invincible. Thats losing mindset. The real victors know its not about one big score. The key is clever, consistent plays. Discipline matters. You must know when to leave, even when on a roll.

That separates lucky winners from successful entrepreneurs. Stack modest wins. Build substantially. Avoid the next excitement; establish a promising future. Its not simply gambling. This is about life. You must recognize your limitations and control your impulses. The key is creating a winning approach and sticking to it. I've seen everything. I know winning strategies. And its not about winning a jackpot. To turn one win into a lifetime of achievement requires discipline.

Do you mean all rich people do that? If that's what you mean, no, I don't think so. I already get the point you are driving at, and yes, you are right, but it's not all rich gamblers who will just make predictions like they don't care. I know we have talked about how some rich people are only gambling for fun, but the fact also stands that there are still some rich dudes who are very interested in making a profit from gambling, and they cannot make this kind of joke or prediction. They are usually very careful and will only bet on low odds, which they believe can be successful.

         -   Even if we say that you are wise to bet and gamble in any casino, if you are unlucky in gambling on the day you played, for sure you will not win. You know what I mean, mate.
But even if you are not wise to bet on gambling, if you are lucky on the day you gambled, no matter what game you choose, for sure you will win everything you bet on.

Because there are instances like that, sometimes you can really think that the gambling battle is really just luck. Even if the capital you put into gambling is small, you will suddenly win a large amount. That is what gamblers usually believe that they will experience and that they will be lucky on the day of gambling.

We don't use the "rich people" to differentiate among gamblers because even if they are rich, they could still go bankrupt anytime. I mean, when you are rich, that would also mean you will be betting a huge amount of money, just like Drake, who is a millionaire but look at the bets he has lost. That's a lot of money if it will be added up, and if that continues to happen, in no time he'll go bankrupt.

We will only be safe in gambling if we have unlimited money, which is impossible. So that means everyone is at risk of losing everything they have in gambling, regardless of their financial situation.

It is not entirely true that these kind of people are addicted to gambling, people somehow are fond of taking high-risk bet with their fund while implementing bankroll management.  Taking high risk bet and gambling addiction is very different, let alone miscalculated gambling risk.  Miscalculated risk is an error in approaching or weighing which team to bet, the odds and other factors.  It can be fixed eventually and does not need gambling treatment unlike gambling addiction.



Addiction is just simply getting out of control of one's urges.  Like when a person becomes a gambling addict, he can't control his urge to gamble. When a person is a gambling addict it is not a matter of miscalculation anymore but how can he gamble the whole time.  So I do not think that an addicted gambling player is able to approach his gambling activities with calculated risk since he will be gambling until his funds is exhausted anyway.

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I agree with @OP's title that it is very essential to avoid miscalculated risk since our bankroll and funds relies on every decision we made.  This can be solve by digging deeper on the competing team and have a realistic approach on the possible odds.  Winning a huge amount of money is really good but if we tend to make an unrealistic prediction on the odds of the match then we will end up losing.

Rich people will not care that much about the risk especially in gambling where they place the bet all the time without even thinking for a possible negative result of it, we are talking about rich people here and they have the money to gamble with. We cannot dictate anyone on what to do in gamble, let them be and they will only realize those mistakes once they hit the bottom, and that is the only time for them to realize the risk.

It can also be tagged false loyalty towards a wrong gambling knowledge. Have thought about the need to also let go our losses and focus on a brief day rest to re-strategize. The player who led a newbie to gambling would stand with lots of percentage of the players thought whenever he's gambling. He'd play accordingly to what he was told by the person who held his hand to show him gambling. The uniqueness in gambling began with the difference of players and what who introduced them to the organization shared with them. Players that have made friends or followers online will find it a little worrying to achieve a well defined gambling strategy.

the main point is:

How many people make constant profit from sports betting?

most people are losing at the end of the day, even if they keep placing bets with odds of 1.10 they are still losing in the long term, even those people who make videos on YouTube talking about how they are professional bettors with more than 10 years of experience, They have already written many books about sports betting tips, they have worked for bookmakers. These guys who own YouTube channels who say this are also losing in the long term in sports betting. That's why they started making money on YouTube and other platforms, because they know that it's impossible to make money from sports betting as a bettor.

what has happened is that some people have chosen to choose games with very high odds because if they get it right they will at least win a lot rather than betting on games with moderate and low odds that they can win but in the long run they will lose everything because they just need to have a sequence of defeats to lose their entire bankroll, for these people they have resigned themselves to the fact that sports betting is not for them to make a constant profit nor for them to make a living from sports betting, so they see it as entertainment in which they place 10$ on a game that has odds of 5.00 for the underdog and If they get it right they get 50$ and celebrate and if they lose, they won't be sad

Most gamblers are risk-takers; some are unnecessarily greedy, and some don't have any idea what they are doing. It's their money; let them do what they please. It's not all gamblers that gamble in such a manner; some responsible gamblers are usually very careful and smart when making predictions, and some of those people who are addicted gamblers can usually make such miscalculations. Some people, too, who are gambling for fun, can actually make crazy predictions as if they don't care whether they lose or gain.