Exactly, you absolutely must have risk management. You should only bet if you're prepared to lose. You have to be a complete idiot to bet everything you have, and don't even get me started on the people who go into debt to gamble—what idiots!Well, it is always good to go with the gold old rule. Gamble away only what you can afford
You said that gambling is dirty game that can quickly wipe out all your savings. I have seen many gamblers bankrupt and into huge debt because of this bad addiction.My default position on gambling is that it always leads to financial woes.
I don't get how some people can just gamble away their life savings. It looks like they are not mentally stable.Exactly, you absolutely must have risk management. You should only bet if you're prepared to lose. You have to be a complete idiot to bet everything you have, and don't even get me started on the people who go into debt to gamble—what idiots!