Topic: Greed can cause a lost bet, (true or false) - page 12. (Read 2283 times)

I don't think such scenario is possible, greed will eventually lead to losses.

As said even when you're greedy and if there is luck you'll be able to make big win. The opposite thing could happen if luck is not in favour of you. This is how gambling works, as said it is all about the luck rather than the greed. Greed can be the result of loss when the person have made big money out of small bets and couldn't stop it and ends up losing everything. Here luck had favoured, but the greed washed out everything.

That's called luck and nothing else. Anyone can be lucky on a certain day and not be lucky on another. The thing is, would this luck be consistent every day, such that being greedy is more rewarding rather than destructive? I don't think so. Luck runs out, and even if you know that something is going to be in your favor, it's best not to get greedy you aren't 100% sure that the outcome won't change.

I agree, what is worst is that even if gamblers are given a head-up advantage when they already won a certain amount of their gambling session, greed will nullify this advantage in a way that instead of stopping or quiting the session to enjoy the winning amount, greed will dictate them to continue gambling for the possibility of winning more, but instead they end up with losing the amount won and at the same time depleting the bankroll because the gambler is trap chasing losses.



Greed does not make a gambler win, because with greed there is no stopping until the gambler's bankroll is depleted.  Until the gambler satisfied his greed, he will continue to gamble until he has no more.

^Definitely right.
Without the ability to control their emotions and impulses, even significant winnings can be easily squandered, leading to potential financial ruin.
Greed can negatively impact the overall gambling journey and it can become a detrimental characteristic that hinders rational decision-making and leads to impulsive bets, thus increasing the chances of losses. We should not follow our emotions to become greedy it should be by setting limits on bets, knowing when to stop, and not letting emotions dictate actions that can lead to a better overall outcome.

Exactly, mate, the game is just 50/50. The more people have the advantage of winning, the more they also have the disadvantage of losing the game since it's just a matter of minutes. I have also seen people who go into that game hall to make some virtual betting, and at the end of the day, they always come out joyful; that's when luck seems to be on their side.
 
One thing I really don't understand about this virtual betting is how it is even being played; merely looking at those games, they look like what some dudes are around the corner controlling with game pads.

Yeah believe me you won't love to try it if you are not strong minded because I have seen so many folks play this virtual games and all they do is complain when the games wrong and it just makes one spend and spend some the time limit is short and if you are type who always chase after your loses then you would be in for a very long run with this type of bet

Singles, commonly referred to as straight bets, encompass placing wagers on a solitary outcome within a game or match. This particular category of bet grants bettors the opportunity to concentrate solely on a specific event, empowering them to meticulously analyze and comprehensively evaluate the odds with heightened effectiveness. By engaging in singles, individuals can delve deeper into their assessment, meticulously dissecting the intricacies and nuances that shape the ultimate outcome.

Parlays, on the flip side, encompass the amalgamation of numerous selections into a solitary bet, presenting the allure of augmented potential gains. Nonetheless, this approach concurrently heightens the precariousness, since triumph in all selections becomes imperative for a prosperous outcome. Astute bettors exercise judicious employment of parlays, opting to concentrate predominantly on singles, thereby upholding a modus operandi characterized by meticulousness and strategic acumen.

It is often observed that individuals harbor the mistaken belief that a mere small wager can be transformed into an astounding triumph, only to be met with disillusionment. However, astute and skilled bettors, who exhibit a sense of responsibility and professionalism, recognize the significance of prudently handling their financial resources and directing their attention towards wagers that possess genuine worth. They refrain from pursuing impractical fantasies of colossal gains, instead prioritizing rationality and feasibility in their betting endeavors.

I agree with you that sportbet have become the most favorite to many gamblers i including myself and that is because sports bet especially football is easy to be predicted and can easily be won and the ratio of winning vs the loses may be really close in proportion and that is something that most of the in house gamblers never understand because when playing in house games like slot Poker or other in house games you will notice that the house always have an edge against the gamblers and the ratio between winning and losing is closely together.

Greed in gambling can lead to serious financial losses. Many players often ignore the risks and count on a lucky break, which leads to a long series of failures. Such indiscipline can cause gambling addiction, negatively affecting a person's psychological and emotional state. It is therefore important to recognise the consequences of gambling greed.

I think that depends on your luck for the day, you may win it all in too many bets but remember you can lost it all in a single bet because of that greediness as well. It's still greed for me that causes lot of these bad decisions that lead too many losses for gamblers and that for sure is a fact we can't deny.

A greedy gambler might win because of greed but it wouldn't work in the long run because if he'll continuously be greedy, even if he has won huge profits, he could still lose everythinf in the end if he wouldn't be able to control his emotions.
Greed might work in a single time but it will affect our gambling journey if we will always have this characteristic all the time. It isn't a healthy attitude that will bring us success but rather a reason for us to draw nearer to failure. Self control and self discipline should still be an important attitude for us to grow as a gambler.

Please permit me to reason from the other angle of discussion. How about if a gambler is greedy and such greed leads the gambler into winnings.  Such that the more greedy he becomes, the more he wins. What do we call such a scenario or do we argue that such a scenario doesn't exist.

A serious bettor knows that singles and parlays are the only types of bets you should make if you are approaching betting professionally. All accumulators drastically lower the odds of winning, no matter their odds. People make the mistake of wanting to bet $1, place 20 different matches on the betting slip, and go home with $100.000 in their pockets. Most will never do that even if they played like that every day of their life.

Bigger stakes and smaller returns on bets that have value do the trick. But nothing is bulletproof when it comes to sports betting.   

What he meant by that is that the chances of losing most games is always higher than winning the game. Gambling winnings is based on the kind of game that one is betting on. There are some games that is based on skill,knowledge and luck. While some games are based mainly on luck. That that is based on luck has low opportunity of winning, compared to the game that is based on skill.

To wrap it up in gambling one can never win the house edge and if we put this in mind then we will accept our losses with fate. When one is greedy he will only be focused on one side which is winning and end up losing more instead of quitting.

Don't take his comment literally since it's a hyperbolic statement with the intent to emphasize the casino advantage over the players dueto many factor such as human error(greed,impatience,et.), house edge and more.

Gambling chances of winning varies on the type of game you are playing since each games has a different set winning chance depending on the options. It's that gambling is less fun if the chances of winning is very low but if we think on the return for winning that low chance then we can still enjoy it if we manage to hit big time.

What do you mean by that? If it's the chances of a gambler/gambling site, then gambling is not fun anymore. Let's be realistic. Although it's true that the house always wins, it does not work for all types of gambling. If you are into sports betting, you'll understand that it's not 25/75, as some successful gamblers focus on sports betting.

That's the reality about gambling, you'll win some and you'll lose some. We all felt greedy at some point, and I believe that is human nature. One advice that I can give to you is to only risk something what you can afford to lose. Gambling isn't actually a 50/50 game, it's more of a 25/75. So, let us all practice responsible gambling.

I believe most of us promise ourselves that we don't bet big again after losing a big bet. I do not gamble regularly. I usually deposit a small amount to gamble for fun. I was gambling moderately in the last six months. But, this week, I saw a good promo on a casino and decided to deposit $50. I won another $45 by playing those games and withdrawing the funds.

After a few hours, I saw the withdrawal wasn't released yet. So I decided to cancel it and play further. Guess what? I ended up losing all $95, and the last two bets was $45 each. I got some red streaks and I thought this time it will be green. I often promise that I won't do that. But, I end up losing them.

Some have greed and never know they do but whenever you discover that you're always being attracted to doing all things or aiming at achieving all things by all means then be careful you're likely to be having a little iota of greed in you before it turns to something very big one may not be able to control or contain, some gamblers have because of this same greed loose alot of opportunities they would have received while gambling from the decision they made when greed is being involved.