Greed can cause a lost bet, (true or false) - page 14.

Yatsan

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In short greed may yield you to a huge loss. One of the common instances is winning big time and still deciding to continue playing because of expectation to again win the game. Having a better vision of any scenario is indeed a good thing to have but not with gambling. Think of it as something that you won't get on a daily basis. Once you experienced winning huge amount, it is not necessarily to quit already especially if you are enjoying it but atleast try taking a pause of it 'coz emotions would be playing afterwards for sure and that is a huge no in gambling.

Quote from: tusandii on July 25, 2023, 03:19:12 AM

Quote from: Sim_card on July 25, 2023, 01:31:23 AM

Greed has led so many gamblers to great loss and the problem is that gamblers will never change from their greedy habit because they want to hit it big. I am not exempted from this,since sometimes I prefer betting on longer slip than short ones. The fact is that as gamblers,we always have that hope and belief that we will win the game and that is where greed blind folds us on. If a gambler forgets about winning a game,he will stay more focused on betting wisely and will also put lost into consideration. This will enable him gamble for fun and he might end up winning.

Greed is possessed by almost everyone and only a few gamblers can control themselves not to have a greedy attitude.
So far, there have been lots of adverse events that gamblers have experienced because they always want to get bigger things and of course this is a disaster for anyone.
The average gambler who often has greed is those who want wealth from the results of gambling, that's why every win is unacceptable and instead wants to have bigger wins.

The idea of getting back with previous losses would more likely to take place as well which is one's way to hide greed., aside from just earning more. Then it would be a domino effect. First attempt would be okay but the second one will give a gaslight that you still have more of your winnings, then it would continue. In gambling it will always be advised to be preventive of negative outcomes no matter how huge your advantage is.

Jody.Drummer

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Quote from: ethereumhunter on July 25, 2023, 06:04:13 AM

Quote from: Sim_card on July 25, 2023, 01:31:23 AM

Greed has led so many gamblers to great loss and the problem is that gamblers will never change from their greedy habit because they want to hit it big. I am not exempted from this,since sometimes I prefer betting on longer slip than short ones. The fact is that as gamblers,we always have that hope and belief that we will win the game and that is where greed blind folds us on. If a gambler forgets about winning a game,he will stay more focused on betting wisely and will also put lost into consideration. This will enable him gamble for fun and he might end up winning.

That's very true because when we are greedy and still want another victory even though we have already won, it will lead us to defeat. After all, our lust will increase. It is that hope and belief that makes us greedy that we can win one more time and then quit when what happens to most gamblers is they will lose and lose their money. And if he can gamble just for fun, it can make him enjoy and relax gambling, so sometimes this can give him luck and he can win. But the other thing that happens is that someone already has their victory but still wants another victory and that is greed.

Just the name "greedy" has a negative meaning attached to it. In any case greed will destroy a person's life, especially this is gambling which we all know that we must really suppress that greedy nature.
In cases like this, usually a gambler has won and earned a decent profit from the amount they deposited. But because they want a bigger win, then they will be uncontrollable. this is where something detrimental will come, they should be able to get a win even though it is small, in the blink of an eye they will experience a loss, maybe they will even chase the initial loss by making another deposit.
You are right, if we only play with the aim of having fun, then we will not be greedy, because surely we will realize that it is a victory that we should enjoy, not even want more.

ethereumhunter

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Quote from: Sim_card on July 25, 2023, 01:31:23 AM

Greed has led so many gamblers to great loss and the problem is that gamblers will never change from their greedy habit because they want to hit it big. I am not exempted from this,since sometimes I prefer betting on longer slip than short ones. The fact is that as gamblers,we always have that hope and belief that we will win the game and that is where greed blind folds us on. If a gambler forgets about winning a game,he will stay more focused on betting wisely and will also put lost into consideration. This will enable him gamble for fun and he might end up winning.

That's very true because when we are greedy and still want another victory even though we have already won, it will lead us to defeat. After all, our lust will increase. It is that hope and belief that makes us greedy that we can win one more time and then quit when what happens to most gamblers is they will lose and lose their money. And if he can gamble just for fun, it can make him enjoy and relax gambling, so sometimes this can give him luck and he can win. But the other thing that happens is that someone already has their victory but still wants another victory and that is greed.

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Quote from: Sim_card on July 25, 2023, 01:31:23 AM

Greed has led so many gamblers to great loss and the problem is that gamblers will never change from their greedy habit because they want to hit it big. I am not exempted from this,since sometimes I prefer betting on longer slip than short ones. The fact is that as gamblers,we always have that hope and belief that we will win the game and that is where greed blind folds us on. If a gambler forgets about winning a game,he will stay more focused on betting wisely and will also put lost into consideration. This will enable him gamble for fun and he might end up winning.

Greed... corrosive and tempting, especially in gambling. Gamblers pursue huge riches despite the danger of disaster. I admire your self-awareness in choosing longer odds. I'd suggest an alternative angle. Gamblers are optimistic, not greedy. Despite logical impossibility, persistent faith in victory. Realistically tempering this optimism isn't awful. As you correctly said, smart betting involves more than just winning. Gamblers may enjoy the game more and win if they balance their optimism with pragmatism and loss control.

tusandii

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Quote from: Sim_card on July 25, 2023, 01:31:23 AM

Greed has led so many gamblers to great loss and the problem is that gamblers will never change from their greedy habit because they want to hit it big. I am not exempted from this,since sometimes I prefer betting on longer slip than short ones. The fact is that as gamblers,we always have that hope and belief that we will win the game and that is where greed blind folds us on. If a gambler forgets about winning a game,he will stay more focused on betting wisely and will also put lost into consideration. This will enable him gamble for fun and he might end up winning.

Greed is possessed by almost everyone and only a few gamblers can control themselves not to have a greedy attitude.
So far, there have been lots of adverse events that gamblers have experienced because they always want to get bigger things and of course this is a disaster for anyone.
The average gambler who often has greed is those who want wealth from the results of gambling, that's why every win is unacceptable and instead wants to have bigger wins.

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Quote from: rachael9385 on July 23, 2023, 04:34:46 AM

Last 2 night I signed up to an online bet called betking (become a KING) and I bet a virtual stake with 1700 naira to win 1,438,540.92 naira, but the game was lost and the bet that made it to lost was the last one I added, before I added the last one that made the winning to be this amount, I was having double thoughts like should I make the winning a random figure 1.5 million or I should stake it at 1.3? But out of greed I refused to bet the game at 1.3 and I added the one that lost the bet, what a pity?
Greed is one thing that gets some game lost, the stake we are supposed to win out of greed we add another that get the game lost.
Out of my own experience I have learnt my lessons, but I don't believe that this opportunity might ever come again because I don't bet often, on a second thought this my story is what makes some people put more interest on gambling.

Greed is the cause of all losses in gambling , as this will never let you to be contented and keeps seeking for more and more , imagine that I even experience the same thing when I have got to make my capital x 40 but out of greed? i come to lose all my money even my capital.
this is greed and will always make you regret your last gaming .

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Quote from: rachael9385 on July 23, 2023, 04:34:46 AM

Last 2 night I signed up to an online bet called betking (become a KING) and I bet a virtual stake with 1700 naira to win 1,438,540.92 naira, but the game was lost and the bet that made it to lost was the last one I added, before I added the last one that made the winning to be this amount, I was having double thoughts like should I make the winning a random figure 1.5 million or I should stake it at 1.3? But out of greed I refused to bet the game at 1.3 and I added the one that lost the bet, what a pity?
Greed is one thing that gets some game lost, the stake we are supposed to win out of greed we add another that get the game lost.
Out of my own experience I have learnt my lessons, but I don't believe that this opportunity might ever come again because I don't bet often, on a second thought this my story is what makes some people put more interest on gambling.

Betting always depends on luck and sometimes experience is useful. I can say something about your betting that you bet with 1700 Naira and it won and your net worth is 1,438,540.92. But it is best to quickly withdraw your funds from the site you followed for betting. Because your assets are not on a trusted site, it is best to move your assets elsewhere as soon as possible. When gambling, use trusted sites that will keep your assets fully secure.

Sim_card

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Greed has led so many gamblers to great loss and the problem is that gamblers will never change from their greedy habit because they want to hit it big. I am not exempted from this,since sometimes I prefer betting on longer slip than short ones. The fact is that as gamblers,we always have that hope and belief that we will win the game and that is where greed blind folds us on. If a gambler forgets about winning a game,he will stay more focused on betting wisely and will also put lost into consideration. This will enable him gamble for fun and he might end up winning.

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604 odds? Lol! Those are some crazy odds and you lost it because of bad luck op(Not because of greed). Personally, I lost several big accumulator bets so far primarily due to one or two bad bets which is way more common than you think.

You shouldn't expect to win such high odds bets regularly honestly speaking. Instead, you should just focus on the fun aspect basically.

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Quote from: rachael9385 on July 23, 2023, 04:34:46 AM

Greed is one thing that gets some game lost, the stake we are supposed to win out of greed we add another that get the game lost.
Out of my own experience I have learnt my lessons, but I don't believe that this opportunity might ever come again because I don't bet often, on a second thought this my story is what makes some people put more interest on gambling.

Since you also bet at a scam casino, it's very possible that if you win the bet you won't be able to withdraw it or the casino will be complicated so you can't take the money. Greed has always been a cause for players to lose but fear can also prevent players from getting big wins.
But other gamblers can interpret greed as the courage to take risks because the opportunity to get big profits will only be achieved if you dare to take risks, so in my opinion you are more of a person who dares to take risks but is not ready for the results you get, and if you are that type then whatever win you get, take it and start a new bet while saving the profit you have earned, and you will always have the opportunity to make a profit if you continue to bet, of course with analysis, not just betting randomly or just by feelings.

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dont be greedy

Isn't it a familiar cycle of gambling that occurs in society at large? Where someone who achieves a significant win in gambling will always extend their playtime to pursue new gains just obtained.

Individuals without restraint will bet until their last remaining hope, whereas those a bit wary of losses will secure their initial funds along with their modest winnings first. As long as no one knows what fortunes lie ahead of them, I believe all decisions are beyond reproach. Whether driven by greed or not, no one knows the extent of their luck in the future. However, the key is to avoid losing control and succumbing to stress due to gambling.

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Quote from: internetional on July 24, 2023, 01:47:15 AM

Quote from: tusandii on July 24, 2023, 12:54:23 AM

Big opportunities sometimes blind gamblers to be able to take a little profit.
I myself would rather accept the offer and use part of it to bet again than having to lose the total profit and capital at stake when all matches are over.

It's fascinating how big opportunities can blind us, but considering your strategy, I wonder: How do you decide when to accept the offer and reinvest in bets, and when to secure the total profit to protect your capital? Is there a specific approach you follow or just a gut feeling?

It is common for us to forget about risks when faced with great opportunities.
When betting and what we are betting on experiences an advantage, we can take cashout to have a number of advantages without having to wait for the betting session to finish because many of the final results are not as expected and in the end our bets lose.
I immediately withdrew some money when I won and left a little to bet again, so far I think you can understand what I mean.

Back again that it all depends on ourselves which respond to every action.

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Quote from: Vaskiy on July 24, 2023, 06:59:20 PM

Greed is common among the people when we're on the winning streak. This can't be overcome that easily. It needs time, because a person getting into greed might succeed out of luck or he gets down. To get out of the mentality ends when he/she experience a massive loss. Here the OP is good that his spending is very limited and doesn't hurt him in any means. From my understanding this is the base, small bet amount will slowly increase when the person experience to win big money. So, it is all about how we have control over our activity.

Or you can keep continue with small bet. There's no need to be greedy. The big bet can be done for those who have unlimited sum of money. The small fish shall not be greedy. The fact that if our winning being determined by the system. We can only hope if we are lucky enough in winning the prize or even jackpot. As long as people are not losing their mind and they can think about it carefully. Many people lost everything caused by they could not accept their lose.
That's why we must use our sense when it comes to the gambling. It's far better rather than try to be blindly putting bet.

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Quote from: rachael9385 on July 23, 2023, 04:34:46 AM

Last 2 night I signed up to an online bet called betking (become a KING) and I bet a virtual stake with 1700 naira to win 1,438,540.92 naira, but the game was lost and the bet that made it to lost was the last one I added, before I added the last one that made the winning to be this amount, I was having double thoughts like should I make the winning a random figure 1.5 million or I should stake it at 1.3? But out of greed I refused to bet the game at 1.3 and I added the one that lost the bet, what a pity?
Greed is one thing that gets some game lost, the stake we are supposed to win out of greed we add another that get the game lost.
Out of my own experience I have learnt my lessons, but I don't believe that this opportunity might ever come again because I don't bet often, on a second thought this my story is what makes some people put more interest on gambling.

Since you did not had a way to know this was going to happen then you should not lament yourself about this, I know it is hard but if you ask anyone that has played poker before this is incredibly common.

During your session you are doing well, however you get a very good hand near the end of it and instead of folding your cards and leave, you think you can win even more money, then things do not turn out as expected and what was a nice evening suddenly takes a turn for the worse and now you are experimenting losses instead of profits due to your greed and your desire to win at all costs.

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Greed is common among the people when we're on the winning streak. This can't be overcome that easily. It needs time, because a person getting into greed might succeed out of luck or he gets down. To get out of the mentality ends when he/she experience a massive loss. Here the OP is good that his spending is very limited and doesn't hurt him in any means. From my understanding this is the base, small bet amount will slowly increase when the person experience to win big money. So, it is all about how we have control over our activity.

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Quote from: Jawhead999 on July 23, 2023, 04:40:45 AM

BetKing is a scam casino, it's better for you to choose other casino that's more trusted and reputable, check the representative account in this forum whether the account has negative feedback or not.

I'm not sure you guys are talking about the same betking as, I am somehow familiar with the one in OP judging from the interface and its more of sportsbook than a casino.
Hope OP clarifies that though.

And yeah at OP, of course greed happens to be the reason behind most lost bets but, I don't see it grow the angle your viewing it as, its still a huge probability that, the last added game could have not been the lost game and lost bet. Anyone could have been a lost bet.

You accumulated way too many bets and tried to be safe with the double chance market option but, this is gambling. It hits you when you least expect and so, you can always bare it as an experienced gambler.

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Quote from: Unsoldier on July 24, 2023, 04:17:16 PM

Greed has to do with the illusion of control, where the player thinks he can influence the outcome of the game. But the outcome of the game depends largely on probability. This belief in a lucky outcome leads to irrational behaviour where a person bets based on a sense of luck rather than on reasonable calculations.

I do not understand when you say that greed has to do with the illusion of control, and about player influencing the outcome of the game. What I understand about greed is being not contented with the winnings and aiming to get more. This often results in bankroll depletion because as we aim for higher winnings, there is a possibility of losing the bets and triggering chasing wins, or chasing losses when our bankroll starts to get depleted.

Quote

It is important to realise that casinos always have an advantage, so bets should be based on sensible decisions.

Yeah, I agree that gamblers must know that casinos has always an advantage and gambler should always consider securing their wins and withdraw them as much as possible.

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Greed has to do with the illusion of control, where the player thinks he can influence the outcome of the game. But the outcome of the game depends largely on probability. This belief in a lucky outcome leads to irrational behaviour where a person bets based on a sense of luck rather than on reasonable calculations.
It is important to realise that casinos always have an advantage, so bets should be based on sensible decisions.

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If you want to play safe you most likely won't be having a change to win much. Word greed has a negative connonation but it doesn't mean being greedy is always bad. Especially if you want to win big you need to be a little greedy. Otherwise you would settle on lesser prizes than huge jackpots. So in short, yes, greed can cause a big loss but that's only because without it you wouldn't have big wins either.

But your question doesn't have one answer. And obviously opportunities like that are rare, but they will eventually come again. And they will come more often if you happen to be lucky. (Not in superstitious sense).

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Quote from: iv4n on July 24, 2023, 10:16:36 AM

Quote from: 348Judah on July 24, 2023, 09:22:13 AM

Greed can cause a gambler to loose what he ought to earn and also loose along what he had already earned and saved, while gambling, we must have the courage to maintain the little we could afford to earn while gambling by reducing the risk involved and increasing the probability for winning than trying to win but ended loosing everything, some bets we made should not be on our emotional control but doing what is right to do at the right time and not being too greedy for a win in other not to accoumulate loss than winning while gambling.

Well, I guess you are right... if we are greedy we can lose a lot more than one bet. In most cases, greediness comes when we are in some profit, and we want a bit more. But what happens is that greediness wipes out our balances and extra deposits so quickly... just because we wanted more in some second and we got carried away by pushing and waiting for some big win... that win sometimes comes, but in most cases, we end up broke after tilting.

Greed could either result in a win or lose but most of the time it would really be in lose considering that you cant really think up more when we do speak about whether on stopping and securing profits or cant think up

about making some strategies on your next bet just because you are really that pushing yourself on making that next bet on a rush way and this is why it would really be just that wise that you should really be
that wise on stopping when you are in profits and proceed if you are really wary about the risks, not all would really be having that kind of mindset if they arent really that greedy in the first place.
This is why it would really be that wise on securing profits while you are in greens or really on gains and dont push through for more bets if you arent that sure.

This is usually the case of situation into those people who do really aims for more when it comes to profiting because they are really that being mindful about having more
wins due to the current situation they are experiencing on.

Topic: Greed can cause a lost bet, (true or false) - page 14. (Read 2286 times)