Greed first begins with the thought of having or adding just a bit more, and then it becomes uncontrollable.
In the case of gambling or betting, where this becomes a problem is when maybe a bettor wins once and becomes so confident or exited, that he decides to try again.
It also is a problem when one strategy of betting or gambling becomes too familiar that one only just has to play without thinking.
Greed is one of the emotions that lead men to gamble more than necessary. They don't just know when to stop and if they do, they just can't stop, mostly when enough is being drunk, it is a weekend or rest duration from work, when the wife or kids are too much to handle.
And, greed never gets you anything in the long run, even if you manage to get something out of greed temporarily, you will eventually lose it all back, so it's a very bad thing to have but it's in every human's nature, some manage to resist it but others can't, so they go with the flow and what happens next remains history for them to remember forever, greed never leaves good memories for you behind and you will always remember the decisions that you take out of greed.
Gamblers mostly tend to be greedy, because even if they manage to win some, they want more from what they've won, and this thing, most of the time, makes them lose what they've managed to earn, that is why there should never be greed taking over your mind in any situation, especially when you are gambling.
Well, if should all should be honest with ourselves, greed is not entirely bad, every emotion that human exhibits has its good side and how benefit from it, but like its commonly said that too much or everything is bad, this also applies to being greedy, and one thing about greed is that it only requires a very little application of it in whatever its been applied on, anything more than required it becomes too much, and that is where the whole problem starts..
Like in trading, greed sometimes helps us with investments decisions, remember we are told to be greedy when others are fearful, and be fearful when other are greedy, if one can correctly apply this strategy, they may likely make good profit that is beyond their imagination, so lets not speak of greed as if it comes from the pit of hell, it is here to help us with that extra push, its application, how its been applied is where the problem lies.