Topic: Consequences of greed - page 5. (Read 2401 times)

The guy that predicted the winning games was too ambitious and thinks he has the authority and magic wand over bookies not minding that gambling is very risky and a game of luck, he gave out a winning ticket instead of sticking with it and play it accordingly unfortunately overconfidence and too ambitious costed him a whooping 15 million naira, the lost would serve as a big lesson to him and in the future I hope he wouldn't repeat such a mistake again although this type of opportunity of winning massive is very rare it's just like hitting a jackpot thus guy that costly mistake would continue to hunt him unless he wins another massive or huge win

Many gamblers doesn't know when they must stop from playing gambling and that makes them lose much money. When our greed increases, we will forget about everything including our limitation and makes us lose more and more money. We will not thinks that playing gambling is for recreation or have fun but we will thinks that playing gambling is for winning the money.

Greed will go ups and downs so we must know how to control ourselves and prevents the greed becomes big. That is why we must learn many things to control ourselves so we can enjoy playing gambling and will not spends much money. When we can win from gambling, we don't have to thinks about winning more money instead just thinks to stops from playing gambling and save our win money.

May not actually be an act of greed as you may be considering it to be. Don't forget that every gambler has their targets in mind whenever making predictions to bet on sports games, and moreover nobody had known if the first predictions amounting to 15milliin was going to play. What am thinking here is that the dude tried to increase his chances peradventure the games played we wouldn't be calling it as an act of greed like you're saying now but it would have been a different story altogether.

Since his friend won the 15 million by staking in the games without altering it, he can still share a portion to the predictor of the games with double as his friend. It's a win-win case and there's nothing anyone can do about it since gambling is a world of uncertainty  we just keep trying out ways to make profit and it's either you lose or win while trying.

even though we gamble without any feelings of emotion or greed, victory is still difficult to obtain, especially if gambling is done with a sense of greed or emotion which of course only makes things worse in the future. the actions that will be taken tend to only be done spontaneously, there will be no considerations made until the greatest possibility is that a big risk will occur, on the other hand, even though there is luck that can provide victory, it is not certain either.

when experiencing a loss from gambling that has been done, the thing that must be done is to stop and that is what must be done because there is a possibility that emotions will arise if you continue to gamble with predictable results that will happen is defeat, of course it will make our emotions provoked. this is what must be avoided, because when we do not take the wrong steps, there will be no emotions or greed that arise, many people experience stress or frustration just because they follow their greed.

The thoughts of other player's wins stimulates greed. Wondering about other players' rewards takes away good decisions off a gambler's mind. And increases his greediness. Gamblers need to be themselves, always. It's failure, competing with ourselves to win like somebody else.

There is a big possibility that they are gamblers who are not really aware of the high impact that gambling can cause when they cannot control all their actions at all, or when they treat gambling blindly, which in most cases is often caused by a gambler who is too enthusiastic in responding to the opportunity to win so that all they want is to keep gambling.
I think maybe most of us have experienced the same scenario when we were beginners, we can't lie that getting free money with just a little effort is a very pleasant situation, but actually if you are a little careless then it can be a trap that will lead you to an impulsive approach in the end.

Regret will always come at the end and is something that someone will definitely feel, so that means even though it may now be difficult for us to give advice to addicted gamblers, maybe in the end regret will slap them.

Everyone has greed in them but many know how to control their urge of greed so that they won't become a victim in future. As gamblers we are letting greed to be a part of us makes it hard for us to win because when emotions is involved greed will be the next thing, it's either we decide to chase losses or increase our stakes. However I think if we won't to get rid of more losses, we better stop gambling when we have any loss, although we might have some luck to win back the money but that's how greed starts, the moment we continue to think of winning back what we lost we should think what if we don't.

This often happens to me. I also sometimes feel annoyed, After giving input or predictions to friends about which team to choose for betting but I myself do not win. For example, in soccer betting, I predict 8 matches and I place all bets because if I win the payout will definitely be big, but my friend sorts the choices I give into only 7 matches. After all the matches are finished he wins, I don't.

That's right. Greed is a disease in gambling, especially greed to win big even though by predicting only a few teams we can win the bet. However, if there is a greedy attitude, it will actually make our bets that should have been won disappear.

Not only just on gambling but also in other things as well on which it is really just that involving money then on the time that you would really be finding yourself having that kind of
thinking and impressions or simply being greedy then you would really be that too desperate on trying out to acquire money as much as you could. Therefore, if you are really that playing
gambling and you do make yourself that being too greedy then expect that you would really be ending up on committing tons of mistakes and errors specially into the actions that you are making which does
really involves money and this is something that will really be that a huge challenge for you specially on trying out to control it. If you would really be having that kind of discipline and
moderation then it wont really be that much of an issue.

When playing gambling then you should really be that be at least having that kind of idea on what are the things that you've been doing. Making up some decisions which is obviously
that could really be worsen up the situation then it would really be that advantageous if you are really that wary on what are those probable things to happen.
Its never been that advisable on having such thing but if this one turns out that you have already set those limits and tolerance then it will really be having no
issues or places at all.

You know greed is among our emotions and you know we humans are emotional being . So we can just stop the greedy urge but we can actually control that urge like knowing when to stop , and always keep to our budget . Because we all have budget of the amount money  we can spend but most time most folks usually go beyond that balance due to and stuff, especially when they are losing , that`s when they usually chase after losses .  And endup losing more than they have already.

This is not greed from my own point of view because I have seen people that are given booking codes to place a bet but when they get to the gambling office and the games are being displayed on the screen with the options that are being selected what they do is to go through the selection to see if there is any game they feel will go in contrary from the selected options so i feel they just want to be smart but end up becoming foolish because since gambling is about luck, a bet you have a contrary opinion about can even be the one that will end up winning instead of the one that is being done with a lot of scrutiny. This is just to say that being too smart in gambling can lead to losses because you will always be going in contrary with your initial predictions and that of others, sometimes even if you don't agree about an option given to a particular event by you or another gambler, just place the bet like that and see the end results instead of wanting to be smart that you can predict better and end up missing your luck and opportunity.

With how the minds of the people that live in the world today is programmed, it has become a very common practise that anything or activity that involves the possibility of one making money, such activity can easily be abuse, I used the word "abuse" here because gambling is generally abused this days if we were to go by the real purpose of gambling, and this we all should know that it's a recreational form of entertainment, but gamblers of today have completely forgotten about the entertainment side of gambling, every one is out here to make money, and I do not want to say that this is unfortunate because at the end of the day, there are still a very few lucky ones who have made money from gambling, and this have changed their life completely, so for this group of persons, gambling is a savior, life saver or anything good we can think of.

We've gone past when people gamble for entertainment alone, every body wants to make some money, what we should be preaching now is, people should learn to only stake what they can afford to lose, for not adhereing to this rule is usually the beginning of almost all gambling problems.

Greed has always been an enemy in gambling. Many people have lost almost entire savings in gambling due to their greed.
People should acknowledge the fact that gambling, most of the times if not almost is designed for people to lose money.
We should be able to control our greed and only then we will be able to play gambling for entertainment and not for money.

Emotional control is the main thing and it is difficult to control because if you have poor emotional control it usually becomes very chaotic in any case.
We can be jealous, losing and winning is a common thing in a game, we cannot increase it, and maybe luck does not favor the same person on the same day, one must understand that so that he does not have more sadness because of his defeat and his friend's victory.

But it does come with a bit of greed and overconfidence.

Of course, financial management is something that must be owned by a gambler and applied in their approach to gambling, none other than because no matter what and no matter when gambling will always be a risky activity where when you are unable to put management and limits on finances then in the end it is certain for you to lose 90% of the money you have.
Another thing related to emotions, yes, it should be able to be controlled, but I would say that there must be something that must be corrected first if you really don't want to experience any emotions at all, which is an understanding and awareness of risky gambling in the sense of realizing that losing is a very natural result in gambling.

So there are two things, namely financial management and also self-acceptance regarding risk, where both of these things lead to risk management to minimize the possibility of losing large amounts of money and also to minimize the occurrence of significant emotions.
In the case mentioned by the OP, I think it seems that the actions taken by the person were not only based on greed but the inability to accept the fact that his friend won while he lost, so maybe as you said that it was a jealous nature.

Greed is bad but what transpires between these guys can't be entirely condemned, what if the risk won? That means more money and the other friend who won the N15m would have been hurt if it worked for his friend and a lot of questions and regret would have been running through his mind as to why he didn't take more risk as the friend risked it. That's human beings for you.

Again, the person who can win as much as N15m is not without a high risk as well, the only difference is that he was lucky that his limited risk compared to that of his friend worked for him this time but the other friend was merely unfortunate. To avoid a situation like this, I often advise people to limit the number of permutations/accumulation they do while betting on sports as anything painful can happen, particularly if it is only a bad prediction that spoils the high number of won games.

The most effective way to do this is to distribute the betting on 3-5 tickets depending on the number of games to bet. For instance, if you want to bet on 15 matches, you might do that on 4 tickets where you may bet 3 matches on the 1st ticket, 5-7 matches on the 2nd ticket, 9-12 matches on the 3rd ticket and whole 15 matches on the 4th ticket. If you are a good bettor, it's possible you win at least 2 of the tickets and it would have recovered your wagered amount for you in most cases instead of lumping it on a single ticket which is riskier.

What exactly is Envy? And what exactly is Greed? I know that this two are not the same, but they sure both work hand in hand.
Greed in a simple explanation or definition I would say is a lack of contentment, that is, a feeling that what you have is not enough and you need or deserve more.

While Envy on the other hand is also known as jealousy, which is a person not being happy for what another has achieved, he or she wished it was him or her who achieved that, and you can feel some level of greed in there, and thus is why I said greed and envy work hand in hand.

So, in the nutshell, be rest assured that where ever you find envy, you definitely will find greed as well, if two friend play gambling, and one win while the other lost, and the one who lost is not happy for his friend who won, that ought not to be and shows that that friend is a bad person, and should be avoided.

I think it is important to manage emotions and finances because in gambling you can win and lose. Of course it is not fun to see your friend win and you lose at that time. But what you have to know is if you lose today then you will win another day. So is what happened to your friend. I also can't call it greed. But I think it is arrogance and envy because he saw his friend get the advantage. In the end you will choose to gamble to show that you also win. I don't think I can call it having fun.

That's right, hardly ever do such gamblers keep track of how much they're betting and how much they're spending in total. Unfortunately, it's a quite common occurrence, especially for those just starting out. I was never in the position of having such minor amounts of money; I've happened to have $10–$20 on my account after a loss streak and decided to gamble them away, but not them being my last cash for the week or month. I've had acquaintances gamble away their last money until their next paycheck.

Indeed the case with many gamblers, they think the amount is small and it would not matter but the accumulated losses over years of gambling can show the cumulative loss. Also gamblers will never be content with the initial amount spent, they will often cross the bankroll limits and move into risky territory making the entire process of bankroll management useless.

Gambling who are keep on quitting should start charting their losses, it will motivate them to quit rapidly.