I like the way that you put it "all your profit", since it is profit then that is not a problem as long as it is not your capital or money for other important purposes. Responsible gambling is very important because you will be cautious of how much you are staking with.
The problem is that some gamblers wants to double their money and that is why they take high risk to see if they will be lucky. One tho g about gambling is that when it is your lucky day if you bet with a huge amount of money, you will still win your bet, but who knows when is their lucky day and that is why you should only gamble with little amount to control your emotions.
Topic: Avoid Miscalculated Risks In Gambling. - page 6. (Read 549 times)
Then I wonder why some people would bet heavily on odds above 5 points, some would even risk all their profits to make more profits.
You have a point in your post but I don't think it is about the weight or how many odds a game has but something that you consider also a 50/50 change and not 95/5 chance of winning against losing. That will be foolishness. So a gambler who wants to risk the big odd should first study and analyze the game that he wants to bet on to the effect of the chances of winning and not to just throw in money to grab the big odd, and while betting on the big odd it has to be on a single game separate from other games so that it doesn't affect other games when it fails which is the most ideal way to bet on big odds. I know that some gamblers have won with big odds but they were well researched games.
Gambling is about risk and nothing is wrong to take risk only need to take reasonable risk and not put all your bankroll on a bet because it is still 50/50 chance of success and sometimes some bet are below 50/50 .
Gamble responsibly.
Taking unnecessary risk in gambling is mostly done by ignorant people, or those that are newly into the system, well it's understandable because they're ignorant of the risk management of gambling, but what baffles me is seeing experts taking unnecessary risk like betting heavily on risky odds, I consider that unwise cause no matter how rich one is you don't go wasting money all in the name of taking risks. we all know that in event where winning is a 50/50 chance one is required to bet wisely right?
What you call unnecessary risk and heavy amount might just be like peanut to the people you are addressing. As long as we have not seen a case of those celebrities going bankrupt because of the amount they gamble with, I will have nothing negative to say about them. Besides, most of them win low key and will never put it to the public, it is always when they lose we get to know that they actually gamble. I have also observed that some of them gamble to promote the casinos, meaning they are paid to gamble and not just wasting their money. The only problem I see is that some people will begin to copy their style, even those who do not have the resources to do so. As gamblers, we must gamble within our limits and not allow ourselves to be influenced by what others do with their money.
Taking unnecessary risk in gambling is mostly done by ignorant people, or those that are newly into the system, well it's understandable because they're ignorant of the risk management of gambling, but what baffles me is seeing experts taking unnecessary risk like betting heavily on risky odds, I consider that unwise cause no matter how rich one is you don't go wasting money all in the name of taking risks. we all know that in event where winning is a 50/50 chance one is required to bet wisely right? Then I wonder why some people would bet heavily on odds above 5 points, some would even risk all their profits to make more profits. The aim of one who wants to be successful in gambling shouldn't be to waste money in the name of taking risks, it's avoiding numerous loses and spending wisely even if you want to take risks it should be calculated risks not risking all your profits to make more profits. Stick to your limits, bet on low risk odds, take profits and don't bet all your profits one very risky odds, and most importantly bet on what you can afford to lose, these are what is expected from a gambler who wants to be successful, not taking unnecessary risks.
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