By Waheed Adegbite Gambling is a gamble itself, but so are other ways of making money, such as starting a business and investing in stocks. It's true some play more of a risk than the other. Gambling is a very high risk, true, but if you gamble right and have some self-control you can find yourself losing little or gaining a lot. Also, make sure you have a good understanding of whatever game you are playing. Another good thing to do is when you gamble set your limit. Once you reach your limit.