Consequences of greed - page 7. | Bitcointalksearch.org

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Quote from: ethereumhunter on August 16, 2024, 02:57:28 AM

Quote from: Blitzboy on August 15, 2024, 09:29:29 AM

Everyone knows "A fool and his money are soon parted." Always true. Even smart individuals sometimes do stupid things out of greed. Greed teaches us. It helps us understand our vulnerabilities, what we cant control, and how to make sensible choices.

Winning makes it easier to get excited. You feel unbeatable. Thats when you must be cautious. It tests character and temptation resistance. Consider the probabilities, dangers, and make a calculated conclusion. Not only the money, but also your future, reputation, and piece of mind.

Some people say its crazy to stop while ahead, but they dont comprehend the game. Life is long-term investment, not gambling. Greed can make you prioritize short-term benefits over long-term success.

Understanding greed can help us avoid financial loss and the emotional and social effects of unwise decisions. Discipline, patience, and true success may be learned. Thats the jackpot, folks.

The point is if we can take care of our money with right, we will lose that money in gambling and no needs to takes too long to see that will happens. Greed will comes to us in gambling especially when we can win from gambling games so that will makes us to be aware from the temptation of gambling and must prevents that happens to us. Greed gives consequences to us by losing more and more money without we realizes so that is why we must have control over ourselves so we can prevents the big lose.

We must be wise when playing gambling and can see the current situation so we can decide when to stops from playing gambling. We don't want to get deeper in gambling because of greed because the consequences can becomes bigger and that means we will lose much money. Greed will not gives what we want instead just makes us lose our money and many people already lose everything they have so we must really avoids that thing. We only playing gambling for fun and not because chasing the win.

Gambling's for kicks, not riches. Greed? That's the monster under the bed, turning fun into financial ruin. You gotta recognize it - greed loves the wins, hates the losses. That's the pattern. Awareness is your weapon. Setting limits ain't enough. It's about never starting the slide in the first place. Think like a computer - every bet's an algorithm. Risk versus reward, not just money, but your peace of mind, your relationships. Don't just avoid losing, protect the reason you started: to have a good time

Remember, the house always has the edge. If you gamble, gamble smart. And never forget why you're there

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Quote from: LUCKMCFLY on August 15, 2024, 09:52:30 PM

Quote from: nara1892 on August 15, 2024, 01:09:29 PM

Yes, it is much easier to quit a gambling session when a gambler has lost all their capital and then consider it finished as you said.
The decision is made not because they no longer want to continue but clearly there is nothing more they can do when all their money is gone.

When someone makes such radical decisions , the game is very dangerous, dangerous in the sense that they can lose a lot of money and risk their entire capital. I wouldn't do it , At one time when I was a novice, I did, but at this point I don't do Something like that, because I evaluate all the consequences. For me, the biggest consequence of letting yourself be carried away by greed and losing everything is that the person will begin a direct path to Addiction.

But sometimes they will force themselves to continue gambling when their capital is completely gone, that is the beginning of the crime that will occur. Because they will justify any means and the most common is that they will take loans to gamble. They do not stop, but rather crazier because they are completely controlled by lust. In my opinion, there will be behavior that can be done by someone when they have spent a lot of money. The first is that they will be aware and the second is that they will be more than that as I said above. This will return to each of them and if no one reminds them, then the chances of the second happening will be very high. Especially if the family has ignored them.

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Quote from: LUCKMCFLY on August 15, 2024, 09:52:30 PM

Quote from: nara1892 on August 15, 2024, 01:09:29 PM

Yes, it is much easier to quit a gambling session when a gambler has lost all their capital and then consider it finished as you said.
The decision is made not because they no longer want to continue but clearly there is nothing more they can do when all their money is gone.

When someone makes such radical decisions , the game is very dangerous, dangerous in the sense that they can lose a lot of money and risk their entire capital. I wouldn't do it , At one time when I was a novice, I did, but at this point I don't do Something like that, because I evaluate all the consequences. For me, the biggest consequence of letting yourself be carried away by greed and losing everything is that the person will begin a direct path to Addiction.

Yes, that is the consequence of aggressive decisions made by gamblers and losing large amounts of money is a possibility that they will definitely experience. And of course, all gamblers will never want to lose large amounts of money, so it is clear that this is why the approach to gambling must always be measured, in the sense that you should never do anything that you cannot bear the consequences of.

On the other hand, I see that it seems that you are one of the gamblers who are able to make experience a lesson in the sense of not making the same mistakes as various impulsive actions including greed, and I am sure that all gamblers can definitely change their approach for the better when they are able to use their common sense well.

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Quote from: Blitzboy on August 15, 2024, 09:29:29 AM

Everyone knows "A fool and his money are soon parted." Always true. Even smart individuals sometimes do stupid things out of greed. Greed teaches us. It helps us understand our vulnerabilities, what we cant control, and how to make sensible choices.

Winning makes it easier to get excited. You feel unbeatable. Thats when you must be cautious. It tests character and temptation resistance. Consider the probabilities, dangers, and make a calculated conclusion. Not only the money, but also your future, reputation, and piece of mind.

Some people say its crazy to stop while ahead, but they dont comprehend the game. Life is long-term investment, not gambling. Greed can make you prioritize short-term benefits over long-term success.

Understanding greed can help us avoid financial loss and the emotional and social effects of unwise decisions. Discipline, patience, and true success may be learned. Thats the jackpot, folks.

The point is if we can take care of our money with right, we will lose that money in gambling and no needs to takes too long to see that will happens. Greed will comes to us in gambling especially when we can win from gambling games so that will makes us to be aware from the temptation of gambling and must prevents that happens to us. Greed gives consequences to us by losing more and more money without we realizes so that is why we must have control over ourselves so we can prevents the big lose.

We must be wise when playing gambling and can see the current situation so we can decide when to stops from playing gambling. We don't want to get deeper in gambling because of greed because the consequences can becomes bigger and that means we will lose much money. Greed will not gives what we want instead just makes us lose our money and many people already lose everything they have so we must really avoids that thing. We only playing gambling for fun and not because chasing the win.

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Quote from: rachael9385 on August 10, 2024, 10:18:16 AM

What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend. So have you given anyone a booking code and he won then you lose?

Although sometimes it is like that, no body is too sure of their predictions till it's plays. A game that has not been won can not be classified as greed because he was not sure the game would play, He was just trying to increase his chances of wining big. It would have been greed if he had win that amount and still gamble them to lost, like wining #15m and try to double it or triple it.

In other words i don't think if I've given anyone code which made him to win and I loose, but rather i have duplicates or reprinted a bet slip from someone and won while the person didn't play the game because he was convinced by his friend that the game will not play.

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Quote from: Nwada001 on August 15, 2024, 05:59:17 PM

Quote from: Su-asa on August 13, 2024, 12:08:04 PM

The urge of winning big money is what makes a gamblers to be so naive on gamble, greed misleads gambler to hunt for bigger money. Although most times they gets lucky but they still lose it again. However it feels bad to see someone win and still lose the money back, it's also this same thing that hunts some gamblers that's why they over react when they lose.

The urge to win big money is not the only thing in play here; in most cases, it's usually the greed of trying to use a small amount to win big money that makes people make the wrong choice of game in order for them to double their wager amount with games that provide them with high odds.

I have seen people who place bets with a small amount of money, which is not even up to a dollar, and will want to place a series of bets in up to 15 to 20 matches and will expect to use that small wager amount to win thousands of dollars, which, looking at it from a normal point of view, is an insane move.

That doesn't bother me as much as losing a single game can ruin the whole bet slip. It bothers me to see players who have lost a whole game because of a single game go ahead to book too many games in a slip. The player's desire to win more through added games always will fetch losses. Gaming is more beneficial with few games.

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Quote from: nara1892 on August 15, 2024, 01:09:29 PM

Yes, it is much easier to quit a gambling session when a gambler has lost all their capital and then consider it finished as you said.
The decision is made not because they no longer want to continue but clearly there is nothing more they can do when all their money is gone.

When someone makes such radical decisions , the game is very dangerous, dangerous in the sense that they can lose a lot of money and risk their entire capital. I wouldn't do it , At one time when I was a novice, I did, but at this point I don't do Something like that, because I evaluate all the consequences. For me, the biggest consequence of letting yourself be carried away by greed and losing everything is that the person will begin a direct path to Addiction.

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Quote from: Wakate on August 15, 2024, 03:09:57 PM

Quote from: bastisisca on August 15, 2024, 12:14:07 PM

Quote from: Dewi Aries on August 14, 2024, 09:08:54 AM

...
This is gambling, a business for casinos where they seek profit from gamblers who lose, meaning when you have indeed succeeded in winning then be wise in making decisions, don't let your decisions lead you to become a victim of the casino like your winnings being withdrawn by the casino, because of course I can also feel that it is very disappointing and causes significant regret.

you must understand that approaching gambling must be a way to pass a few minutes, if you make a big win many are tempted to try to replicate it, but luck doesn't always happen. In that case it is better to exit and continue as it has always been done. There is no strategy, there is no method. There is only luck and you cannot industrialize luck.

Gambling can be fun for us but when greed comes in, it might still be fun at the beginning but later, we might start seeing some unusual problems that could be making us keep losing funds within a space of time. It is quite good we have self control because this is the only way we could help ourselves adhere from greed when we noticed that its is eating us up. There are so many gamblers that are having the greed problem but they might not know yet thinking it's a regular thing in gambling. Greed can make us loses everything we have win within a space of time without us even recognizing what us actually happening to us.

Yes, If gambling is considered only as a center of profit, there is rather a loss. There will be gains and losses in gambling. Who manage their gambling through self-control without being greedy can be considered successful. While gambling, greed can drive a gambler off his track. But the gambler has to try to control there. If the gambler cannot control himself after winning then his loss is certain. It should be remembered that the probability of losing in gambling increases after a win. So the gambler won't suffer too much if he manages controlled gambling as much as possible or keeps himself away from temptation.

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15 million is quite a huge amount to be won and indeed the guy will indeed regret his actions at some point because if not that he added to wrong games to his selection, he also could have been ₦15 million richer but then this is gambling, anything can happen and only luck determine who wins or lose, so there shouldn't be too much bad feelings about this, but Indeed being contented is very important and should not be neglected when gambling, and greed cause more harm than the expected good.

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Quote from: Su-asa on August 13, 2024, 12:08:04 PM

The urge of winning big money is what makes a gamblers to be so naive on gamble, greed misleads gambler to hunt for bigger money. Although most times they gets lucky but they still lose it again. However it feels bad to see someone win and still lose the money back, it's also this same thing that hunts some gamblers that's why they over react when they lose.

The urge to win big money is not the only thing in play here; in most cases, it's usually the greed of trying to use a small amount to win big money that makes people make the wrong choice of game in order for them to double their wager amount with games that provide them with high odds.

I have seen people who place bets with a small amount of money, which is not even up to a dollar, and will want to place a series of bets in up to 15 to 20 matches and will expect to use that small wager amount to win thousands of dollars, which, looking at it from a normal point of view, is an insane move.

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Quote from: Pandu Geddon on August 13, 2024, 12:32:22 PM

Quote from: Kavelj22 on August 13, 2024, 12:14:09 PM

In addition, greed can lead to gambling addiction, which negatively affects the social and psychological life of the individual, as it may destroy relationships and lead to financial and financial problems.

I think that greedy gamblers in make bets are definitely addicted. Gamblers who are not addicted know the limits they can bet and do. All gamblers definitely want bigger wins, but we have to see if our potential and chances of winning will increase or decrease.
greed always leaves bad results. Just avoid it in all aspects not just in gambling.

In another post I was discussing the issue of anger, which can be a characteristic of a large group of gamblers, and I concluded that anger, like greed, is a trait associated with addiction, or that it can be described as a symptom of addiction. This is exactly what I wrote except I changed the word "anger" to "greed": (you'll see how this works both ways)

Greed can disable a person’s ability to make rational decisions. When greed takes over, a person becomes less able to objectively evaluate risks and benefits, leading to poor decisions, such as continuing to gamble despite losses. This irrational behavior is almost a common trait among addicts. People who gamble violently often find it difficult to control their urge to gamble. This loss of control is a key indicator of addiction. Over time, the violence becomes a driving force that keeps the individual returning to gambling again and again, even when they are aware of the potential harm.

uneng

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The situation faced by the gambler who lost the entire prize because he went further on his bets is a common situation experienced by gamblers who try to turn gambling into their primary source of income or job for a living. They want to make continuous profit from the activity and end losing all their money the more they play. You can only hope that they learn with their own mistakes, becoming more responsible and aware about gambling consequences in future gambling sessions. Thankfully his friend didn't follow his steps and stopped playing after winning the 15 million naira prize.

To have a good influence of a friend around can also help the greedy one to start changing his actions, as he can get inspired by his friend who was able to profit from gamble and quit for his own good. In every cases, gamblers have to be aware gambling won't guarantee them a reliable source of income every week or month. A gambler who can't accept this fact is fighting against reality and will inevitably face the consequences for being stubborn.

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Quote from: bastisisca on August 15, 2024, 12:14:07 PM

Quote from: Dewi Aries on August 14, 2024, 09:08:54 AM

...
This is gambling, a business for casinos where they seek profit from gamblers who lose, meaning when you have indeed succeeded in winning then be wise in making decisions, don't let your decisions lead you to become a victim of the casino like your winnings being withdrawn by the casino, because of course I can also feel that it is very disappointing and causes significant regret.

you must understand that approaching gambling must be a way to pass a few minutes, if you make a big win many are tempted to try to replicate it, but luck doesn't always happen. In that case it is better to exit and continue as it has always been done. There is no strategy, there is no method. There is only luck and you cannot industrialize luck.

Interesting! I enjoyed reading you both, truly luck can't be industrialized, and gamblers need this information. Greedy gamblers struggle with stopping after winning big, and it's abnormal. Most gamblers easily stop after winning and withdraw to enjoy other activities.

However, after winning, it's difficult for some players to quit. They see it as a huge opportunity to garner more. That's why such players end up losing all they've initially won.

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Quote from: rachael9385 on August 10, 2024, 10:18:16 AM

But what surprised me was that the guy that predicted the game would have played the game exactly how he predicted it but he added some more games and he lost his while his friend won his own (to increase the potential winning amount).
What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend. So have you given anyone a booking code and he won then you lose?

The reason why some gamblers always find it hard to win games is all because of greediness. In gambling, the spirit of greediness is always there, but someone has to control themselves. It's not really easy not to be a greedy gambler, especially when someone is poor, will just be looking for an opportunity to win big money so it can be same level with is other rich people. Everyone knows that gambling is based on luck but not fully, someone needs to do some analysis if they want to win.If someone is greedy, will they be able to do some analysis of all the games they pick, especially in terms of soccer betting? If we think wisely, we will discover that winning in gambling is not that hard if we are not greedy. Just imagine a person who is not greedy and he staking on two or three teams that are in good form, the opportunity of winning he winning the bet will be high.

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Quote from: bastisisca on August 15, 2024, 12:14:07 PM

Quote from: Dewi Aries on August 14, 2024, 09:08:54 AM

...
This is gambling, a business for casinos where they seek profit from gamblers who lose, meaning when you have indeed succeeded in winning then be wise in making decisions, don't let your decisions lead you to become a victim of the casino like your winnings being withdrawn by the casino, because of course I can also feel that it is very disappointing and causes significant regret.

you must understand that approaching gambling must be a way to pass a few minutes, if you make a big win many are tempted to try to replicate it, but luck doesn't always happen. In that case it is better to exit and continue as it has always been done. There is no strategy, there is no method. There is only luck and you cannot industrialize luck.

Gambling can be fun for us but when greed comes in, it might still be fun at the beginning but later, we might start seeing some unusual problems that could be making us keep losing funds within a space of time. It is quite good we have self control because this is the only way we could help ourselves adhere from greed when we noticed that its is eating us up. There are so many gamblers that are having the greed problem but they might not know yet thinking it's a regular thing in gambling. Greed can make us loses everything we have win within a space of time without us even recognizing what us actually happening to us.

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Quote from: dansus021 on August 15, 2024, 12:13:28 PM

Quote from: rachael9385 on August 10, 2024, 10:18:16 AM

Earlier yesterday a dude won 15 million naira on sport bet from a betting shop closer to my area.

15 million naira Shocked

it equal to 150 Million rupiah with that amount you equally work for 27 Months in the big city here Shocked

Greedy is something that every human here on earth has it all. I mean if you look the story of Adam and eve, adam basically life happily on heaven and then he just get tempted by a forbidden fruit and then you know the story hahah.

Personally I do greed a lot from trade, gambling and lot more it is hard to control it but if you succeed control this than you can control your money management haha

Maybe if that person didn't added some games and stick to the booking code which he have then he currently will have 15 million naira but this incident commonly happend in gambling world because when some people can able to predict the outcomes of the particular games then usually those gambler became an over confident because they were very sure can win from their bets but in fact they are the victims of their own greed

And actually i do have similar experience just like this before because some time ago i was share my prediction to my friend that if he want to win then he can used my tips and the friend of mine is really bets according to my tips and he won the bets but the funny thing is i lost my bets because i was too greedy and change my bets in the last minutes because i was aiming high odds

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Quote from: crwth on August 15, 2024, 01:15:54 PM

What is a booking code? I’m not so much familiar with that and I haven’t experienced using a code just to bet. It is mostly a referral code if there is any but not a booking code.

Well, I think it is important that the choices that you make are your own and you don’t have to decide to go with other people and change with what they think.

Just be happy when you win, I think that could save you a lot of money.

Booking code is the code you get after you're done with predictions of games you want in one slip with your preferred options. It's mostly used by sports betting platforms that also have a space for users of the betting site to input their booking codes when necessary. The essence of it is that when the code is encoded by you or another person that wants to bet on the exact games you've already booked, the games and the options that's already been initially predicted appears on your screen so you can go on to stake your bet.

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What is a booking code? I’m not so much familiar with that and I haven’t experienced using a code just to bet. It is mostly a referral code if there is any but not a booking code.

Well, I think it is important that the choices that you make are your own and you don’t have to decide to go with other people and change with what they think.

Just be happy when you win, I think that could save you a lot of money.

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Quote from: Hispo on August 15, 2024, 10:02:17 AM

Quote from: Blitzboy on August 15, 2024, 09:29:29 AM

...

You are directly implying it is easier for someone who is winning money at the casino to end up losing that money and even more from this gambling budget. It is something I have already seen and experimented myself. It is easier to log out the account after losing a few bucks and then call it a day,.than going through a winning streak with several dollars added to our balance, people in that state of mind in which they assume they could perpetually earn money in that session does not think of withdrawing, but multiplying their initial deposit as much as possible.
We all know how those cases wnd up, the multiplication of money never pans out and in the best of the cases gamblers manage to cut their losses and feel disappointment

Yes, it is much easier to quit a gambling session when a gambler has lost all their capital and then consider it finished as you said.
The decision is made not because they no longer want to continue but clearly there is nothing more they can do when all their money is gone.
And clearly the situation is very different from the situation when a gambler first managed to win, the increase in dopamine levels will cause an increase in confidence and hope, when you managed to win x10 of the capital, then you will change the goal to x1000 and so on until finally the situation will reverse where someone will lose all the winnings again along with the initial capital they brought until finally in some cases most likely the action of stopping will only be done when a gambler no longer has anything to bet.

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Quote from: Dewi Aries on August 14, 2024, 09:08:54 AM

...
This is gambling, a business for casinos where they seek profit from gamblers who lose, meaning when you have indeed succeeded in winning then be wise in making decisions, don't let your decisions lead you to become a victim of the casino like your winnings being withdrawn by the casino, because of course I can also feel that it is very disappointing and causes significant regret.

you must understand that approaching gambling must be a way to pass a few minutes, if you make a big win many are tempted to try to replicate it, but luck doesn't always happen. In that case it is better to exit and continue as it has always been done. There is no strategy, there is no method. There is only luck and you cannot industrialize luck.

Topic: Consequences of greed - page 7. (Read 2401 times)