Quote from: entertheabyss on Today at 09:37:30 PM

We are used to say that a gambler should gamble with an amount he can afford to lose but in the actual sense do we think there is any amount a gambler can afford to lose? When a gambler places a stake what he sees is not the stake but the potential win. This is why when he does not win he panics regardless of how little the stake is and he will always mention the potential win rather than the stake as the amount lost. The gambling system especially sports betting works in a way that as a game plays the value of the stake keeps increasing and what may appear to be what the gambler can afford to lose may rise and become what he can no longer afford to lose and this becomes a source of concern for the gambler if he losses the bet. In fact, if a gambler accumulates the total of what he thinks he can afford to lose he would know that he is losing what he cannot afford to lose. I think that any penny spent on gambling is a money the gambler have decided to sacrifice with the hope of getting a bigger amount and not because he can afford to lose it.

What's your position on this thought?

The bolded part is where I have an issue with your post. If you are panicking about a bet, you likely bet too much and shouldn't be betting any longer as you are probably letting fear drive you in life.

When people say bet what you can afford to lose, they mean you have $20 laying around and if you were to lose it you wouldn't be panicking and scrambling on how to replace it. You can have a little fun without consequences basically.