IMO, actually the saying "no bet is a waste" is just a figure of speech. We can interpret the meaning of these words broadly and depend on our own point of view.
Well, referring to what you said. when we bet on the team that is the favorite, or bet on the team that we support, all of that is fine even though in the end our favorite team loses. but because they played well, even though they lost, it was worth it. or we can define it in another way, depending on our own. which at its core, the title of this thread is just allegory. it could also, to motivate us gamblers. anyway, the point the OP was referring to in the thread was to share his betting tips.
Talking about a gamble, basically, every gamble we're going to make. must be accompanied by knowledge, yes, knowledge regarding what we are betting on. Get to know before making a bet, analyze the two teams that will compete, both from formations, players, systems, rotations, injuries, odds, options, and all things related to betting. after that, then we decided to bet. this too, could fall into a category like the title of this thread. so, no bet is a waste. if, done right.
Absolutely! "no bet is a waste" echoes the sentiment of "victories and defeats intertwine". Losing? It's a vexing enigma!
Nonetheless, risks harbor a tantalizing allure. Life is but a fleeting moment, and occasionally, we must cast the die into the unknown, embracing serendipity. Refrain from gambling your entire fortune on a single equine contender! Possessing surplus currency and sensing the winds of fortune? Venture forth!
Bear in mind, gambling should evoke exhilaration, not anxiety. If mirth eludes you, bid adieu to the game.
To be honest, it's not easy to sense the winds of fortune so that you can venture forth to gain high multipliers or consecutive wins based on your luck, it that was possible and anyone could know, I believe casinos would simply go bankrupt in no time. The house edge doesn't really let the winds be on your side even if you are sensing some luck at a moment.
Sometimes, you may miss a big win only because you are either out of funds already or feeling angry and frustrated and have no patience left in you so you just exit and leave the game right at the time when you could win something, but again, when we follow such guts, we also lose more sometimes.