The more you take risks there is more chance to be successful too. If you place a bet for 5$ then you may lose 5$ only but if you win then you will get the return base on 5$ only. When you will place a bet for 1000$ there will be a chance to lose that 1000$ but if you win then that will be based on 1000$ too.
Right it's risk reward return and how much risk you are willing to take will determine the profits but sometimes in rare cases you are extremely lucky to hit the highest multipliers and make a fortune out of small bets only so we can say gambling is luck and risk based.But yes more risk more chances of high profits.
I also have heard that the women are more risk averse than man
What's this point? I have never heard something like that before like women are at more risk then men because it's just a gambling and how can your risk be determined by gender? Can you explain it further?
I think - the statement should be men takes bigger risks than women. But is true too.
That is one of the reasons mostly men are at the higher positions than woman. Because they can take daring steps - also there are strong women too but than again discussion is long. No One can win this