What's your position on this thought?
It is true we all direct our attention to the potential amount we are standing a chance on winning should our games go as predicted. But you have to note one thing here, and that is, when you eventually lose the bet assuming it's in sports betting, that when you get to understand the statement "gamble with what you can afford to lose". Because at the end you don't think anymore about the potential win but the amount you used in staking which could affect you if it was some big amount you had to lose
That's true, any gambler that stake with a huge amount that was meant for something else especially when it's for an important needs and they used it to bet on a game and end up losing the bet, that's when they will realize the importance of staking with the amount they can afford to lose. With such experience, next time they want to gamble again it will be with a very small amount so that even if they didn't have the potential win, it will not hurt them if they money is lost.
This reminds me of a story about a one time neighbour I used to have who once used his one month salary after receiving his paycheck to bet on a 2 odds for a match he had felt so confident about not losing it. To cut story short, he lost the bet and throughout that entire day he never was himself, it got to him from what he has lost which was his salary and not actually the potential win he was expecting. That's why we say people should at all times gamble with what they can afford to lose.
Always been the golden rule when you are that trying out to gamble then you should be that always make use of the amount on which you can afford to lose and never ever make yourself that spending into those amounts like having that 1-month salary of yours on betting into 2.0x odds just because you've been that confident? Come to think off about into the possibilities that would happen once you do lose up your bet. Can you be able to provide yourself for the entire month if ever you would be losing up? This should be primarily into your mind at the time that you do gamble on which you would be needing to think up ahead on what are the consequences or problems that you might be able to face on at the time that it do happens. Always considerate about into the money that you would be gonna spending and thats why its been advised or been said that you should be that only make use of the amount that you can afford to lose and so that you wont be finding yourself that getting compromised when it comes to financial at the moment that you have lost up that much. There are just that those times that you do become that naive when it comes to decision making.
People would only realize into the mistakes that they have done at the time that they have already lost that amount, on which they can be able to stop those disasters if they were just that mindful into the things that they've been dealing into. You are the ones will be making out such action for you to be able to avoid those potential problems ahead. Never ever make yourself that too optimistic as if you've been thinking about having that 100% winning chance because there's no such thing that would be that on doing gambling. The best thing only when you are that making use of the amount that you can afford to lose is that you can easily move on and call it a day without affecting something on which unlike into those people who had been that gambling out their entire month pay just because they cant be able to control out their gambling urge on which this is one of the main indications that you are that heavily addicted into gambling and thats something that you do need up to resolve out before anything gets worst.