Number of walks in a looped Vertex (path)

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If there is a vertex, V1. And V1 has a loop around itself. Why are there 4 walks around the loop?

Apologies, an error comes up when i attach an image, so I've got to describe the image with words.

Edit: I can only envision 2 walks. One walk going clockwise around the loop and the other anti-clockwise.

Thanks for any help.