Topic: Greed can cause a lost bet, (true or false) - page 10. (Read 2126 times)

It sounds to me like you think sports betting has no house edge. That's not correct. True, in sports betting you're not directly playing against the gambling site itself, but there's still an inherent advantage for the bookies, which is how they make money. They set the odds in their favor, and that's where the house edge comes into play.

Then I think they should be ambitious, but not greedy. Because ambition can work nicely as an encouragement to keep working and improving more and more in order to achieve better results, while greed is an egoistical and obsessive kind of impulse which can put the person in serious financial and moral issues.

It's true most big businessmen and politicians in the world are greedy and that they have made great financial returns so far thanks to this mindset, but on the other hand, they must have sacrificed many good things on their lives that valued more than money to reach where they are right now, like the relationship with their families, friendships and the opportunity to help others and being nice to them.

So even in the cases greed is seen as a powerful tool towards success, we shouldn't be so certain about that, as we don't know the backstages of those greedy people's lives. If life is an immense set of continuous bets we execute all the time, greed may look the right path for those who are on the middle of the way, but that will inevitably lead them feeling lost and regretful on the end of their journey.

Casinos operate primarily thanks to the greed factor everywhere around the world. I have never heard of a casino that isn't greedy since they would have to shut shop pretty quickly obviously.

That depends on the person. Some people truly treat gaming and gambling as fun activities without taking them too seriously.

Would be most likely the case on which if you dont know on when to stop specially when you are already that profiting then those winnings would really be taken back by the house considering that we arent that lucky most of the time and specially if we are dealing or playing with gambling games which does really have that pure luck approach but if you do speak about those sports betting and some strategic game then it might take a while
but since on the time like this where your greed is activated and having that kind of all in kind of behavior then for sure those winnings would really be just break even or would be given back without being noticing until
you would really be spending up your bankroll completely and realized it but its already too late. This is something that a very common scenario on which most gamblers do really experience on, on which they would really be just starting on regretting on the time that they had noticed that their winnings had already depleted out on which they should have done it earlier on stopping. Greed could really push you up on playing even more
even there's some moment that would be telling you on stopping but since human beings are greedy and thinking that making themselves rich overnight then this would really be the primary reason on making yourself
pushing forwards until you do get wrecked.

It is very important to know that being greedy does not make any changes to what we want to become or achieve in life, rather it will make them more far from our achievements, whereby at the end of the whole struggle we dont make profits because of our greedy nature, maybe by nature we can say everyone is being greedy for one thing or the other because we will all want to make money and have it continuously, some will also want this same offer and will not be willing to give it the demands it takes because they are greedy.

Let's be honest with ourselves. Is gaming really only for fun? We don't need to hide the true intention of people gambling 24/7 saying they are doing it for fun whereas they are doing it for fun and the chance of earning.

Every human is greedy by nature but the aspect of not controlling greed is what mostly leads to failure because limited to everything and when there's an excess of it it will lead to malfunction.

Well, that is what happens when you don't stop at the right time, no matter how much you've won, it is not important that you keep winning, as they say, the house will eventually win it back if you give it the opportunity. A wise gambler is someone who exits the casino at that exact moment when they see they've already won something and are ahead of the house because if they continue gambling after that, they will most likely lose everything back to the house.

That is why it is important to have a lot of patience and self-control as a gambler to be able to get some profit when you have the opportunity, we all know that it is not an easy thing to do as a gambler since you always feel like you can win more if you have managed to win this much so far.

     -      At this point you said I don't agree that greed is good from time to time, well, that's your assumption, because for my understanding, being greedy is not a good habit for an individual gambler, because this is what drives a gambler to become an addict.

How do you say it's beautiful? Is it because you got to the point where you won gambling? Because you won a large sum of money, is it okay for you to be greedy? most gamblers who are greedy are winners who have already lost.

If his goal is just to have fun, he's fine with making little or even infrequent profits because he's not chasing those wins. And he also already knew that he might not be able to win like other people so he could take it well. Indeed, that's how one should treat gambling as entertainment so that he will not be trapped by his desire to win. And I agree with you about learning from our mistakes so we can make smarter decisions in the future. And we still have to learn even though our abilities have increased because this lesson will never end.

This reminds me of when I played Utopia some years ago where players can choose the race they want to play, humans are one of the races and one of its characteristics is being greedy. So greed is indeed part of us and it is up to us if we are going to activate it especially when we are into gambling.

Most of the time, greed leads to losing a bet. I experienced it many times too not just in gambling but in some other ways like investing. The best way is to just follow the plan and be contented with any profit small or big.

Basically, you were triggered and that's why you lost it. When you're triggered, you'll be forced to bet everything that you've got.

When you got the winning already, you have to secure yourself with it so that you don't have to experience the problem later on. If a problem exists, you already secured the profit that you deserve.

And it's up to you next whether to gamble again with the remaining one but whether you lose or not, you are able to get what you need to have.

Well, it s the same ive said before though, being greedy for and on the right things isnt a bad thing to be honest, for example, using gambling now as a point of reference, being greedy for more money on a certain level that is healthy isnt a bad thing until the gambler begins to go above that level that it is considered healthy, the real problem here is that, most people do not know exactly where to draw the line, or until which level it becomes bad, so they tend to consider anything greed as a bad thing whereas its not.

Every business in the world is greedy for more profit, but what that greed drives them into doing will tell if their greed level have gone above the level its considered healthy and not bad, online casino are greedy for more and more profit, that is why they keep their services open 24 hours a day and 7 days a week and 365 days a year, they never shut their system down as long as everything is running well.

haha, thats true, greed is an inherent aspect of human nature, and in our modern lifestyle, it's challenging to avoid it. personally,  i'll admit, i'm not immune to greed, struggling to maintain control over my winnings. when i win $100, i crave $150, and when that's achieved, i yearn for $200, only to find myself losing it all eventually.  :p, sometimes this is like a joke, not stopped when get win and in the end i play for nothing can withdraw. 

Let's focus on the chances here, the house edge over the gamblers. Stating it as a hyperbolic statement emphasizes the advantage of the gambling site, suggesting that gamblers like us don't have a fair chance to win in gambling.

I'd also like to emphasize that we have gambling types like sports betting where we can win, but it's not against a gambling site since they merely facilitate bets from both sides and make money from the juice or commission. Our attitude towards gambling does indeed affect the outcome, and if we become greedy, it increases the likelihood of losing, just like how a gambling site might lose their funds if they are vulnerable to hacking. However, that's out of the topic, as I solely wish to emphasize that we can win in gambling, even in the long run, by believing in our chances and ensuring consistency.

This is not completely true though. Most of the successful people in this world are actually extremely greedy and ambitious though they seldom show it for obvious reasons despite the fact that it's a bad quality.

It's ok to be greedy sometimes if you ask me as long as you don't cross certain limits and your intentions should be pure.

Greed is the cause of all losing from everything in profiteering , though at some chances this gives multiple return but the majority is losing and desperation .
when you already gain doubled from your capital then best to leave the table , unwind and enjoy your winning because the moment you decide to chase more?
then will come that you will lose more.
actually almost everyone experience this once in their gambling career, but once you become mature then you will understand to learn not to use greedy attitude in gambling.
try to consider small winnings for a day then comeback the next day ,because Luck will never sit with us forever,

dude, you are right, gaming and playing are for fun, you are very rarely going to make profit so greed is completely linked with failure, even if you make a couple of good bets and you feel chances are with you, it will not ever end up well. Anyway, the key is also to learn from our mistakes and then make some smarter decisions in the future. That's learning.

Cmon bro whats a man without his greed   . And am speaking from experience too, there are many times where one plans to go away with their winning but instead end up going away with nothing because of the opposite taught of how you could gather more instead of the one you intend going with and this was my major problem when I was letting my greed in the way of my gambling life.

Isnt' the want for more money resembles greed?  If you take it that way then even with establishing a business, it still does mean a person is being greedy.  I do not think that just merely gambling means a person is being greedy.  The person might just want to entertain himself and does not care whether he win or lose his bet.  So generalizing gambling is greed is wrong IMHO.


That is a serious accusation.  Telling something black even without seeing them.  Or telling a casino shady even without sufficient evidence.



In what sense the act of gambling is greed?  There are people who gamble due to curiosity, while others wanted to escape reality and use gambling for it.  Not all gamblers aimed to win huge money while others just gamble for fun.  If you think aiming for winnings is greed then how about those who work to earn money?  Both have the intention to acquire money even though they use different methods.

BTW dropping the meaning of greed

Is this really something we need to discuss! Grred=loss!

Is this what we are really up to?
Gres means that you are on the dark side, you are on the losing side..sorry, I can't promote a greedy person as a successful person, that he will never be. .