Everyone knows that gambling is a combination of luck and skill, but how much control can you have over luck? Gamblers are spending thousands of dollars or more, what did we get in return? But there are many people in this world who spend very little but get a lot.
The skill aspect of gambling is base on the kind of game played by the gambler but all the games in the world need luck, luck is the primary thing every gambler needs. Luck can only come through prayer. Professional gamblers do not afraid to use the thousands because they know that definitely out 10 games one or more must be won but the baby gamblers who just join the gambling market are also afraid to spend big money because they are afraid to loss it. Gambling does not need spending of big or small amount. Even you spend $5, you can win millions, as you said earlier, the skill which the kind of game you played, the luck you have on the game, and how good are you in the prediction aspect of the game.
So I think people who don't have enough money should gamble with small amounts of money which would be comparatively less risky.
Do you have any memorable events where your expenses were very low but you got relatively high returns in casino gambling or any kind of Sports betting?
Yes for the risk management one has to spend little amount of money to bet or play games but remember the amount of money use in playing game can not predict your win. It is only reduces your anxiety.
Last week I used $10 to place a bet of 10 games which was to win $25 millions, out of the 10 games it was one game spoiled (cut) the slip. Now it was not the money that I spent to played the games pained me but the amount that I would have won. So, not necessarily the spent amount but also the wins amount pains someone.