Post
Topic
Board Gambling discussion
Re: Not taking risks can actually be good?
by
bubilas
on 19/06/2025, 14:02:03 UTC
Found this article about not taking risks and it benefitting them. The story is not as relevant but what it said at the start was interesting to me. The risk-taking culture of gambling gets a lot of attention these days far from the floors of any casino: Not only in business — where a willingness to take a risk is an ordinary part of life, at least to a point — but in many other sectors, including government.

Zero risk-taking can lead to stagnation, but too much of it can lead to catastrophe, and the trick is in navigating the difference.


It got me thinking to how this can be applied in gambling. I know that almost all kinds of gambling require some sort of sacrifice and some risk taking but the levels vary. Do you reckon it is better to not risk that much in gambling and just keep playing low risk games and win even small amounts or do you always think that taking big risks is always the way to go?

The risk must be proportionate to the potential profit. If someone has been betting on a certain team all his life and knows their strength and ability to play against certain opponents, then such a bettor can easily bet with a high level of risk. He knows all the information and can estimate what the risk will be in the end and what profit can be extracted. This will be calculated from the proposed odds.