The only thing I think this would apply to is you are betting on sports. If you feel a lot confident about your analysis and your predictions then you might want to raise the amount you are betting but even then, your confidence would not give you guarantee that you will win because anything can happen in a sport.

I think it’ll just be a lot better if you stuck with a designated amount of money to bet on. Because if you lose after betting more, you are just going to feel bad.