Greed is human nature and when dissatisfaction is released it becomes a danger for him, and in gambling greed is a great enemy that makes gamblers feel dissatisfied with their winnings which will end in losses as well as regrets.
actually playing gambling can get full benefits if you stop when you are in a winning position even though it's not much. And most of them are never satisfied and continue to play in the hope of getting another win, and that's how gambling actually works which will make gamblers feel dissatisfied and continue to play with ambitions that will end in defeat.
and gamblers like that must be overcome immediately and it is an addiction that will make gamblers lose more than they win because of playing with greed.
Topic: Greed can cause a lost bet, (true or false) - page 15. (Read 2276 times)
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.
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.
It is true that greed can cause us our bankroll. Since instead of stopping and quit one session for the day since we are winning, greed make us not contented and aim for a higher winnings. So we decide to continue our session that make our bankroll depleted while chasing a win.
Sometimes it's just too hard to ignore playing that one bet that might make you lose all the money you were supposed to win so you can try this, play the game as you initially wanted to play because if you add the extra game you might lose but win without the added game.
Instead of taking the risk of losing all you reward, get the reward first then you can bet again to try winning more reward. When gambling we should follow our instinct because they'll always favour us. Greed is one of the biggest enemies of a gambler it can destroy any gambler.
One way of fighting greed when gambling is to always have a plan and follow that plan to the end, ignore the voice that tells you to increase your stakes to win more reward and stick to the plan you had from the beginning. Also don't think you'll always be lucky when gambling.
There is no point in regretting what happened, greed is very difficult to get rid of in gamblers, what you have in mind at that time wants to get a bigger return than the bet you applied. At least you have gained valuable experience from this incident, greed only brings you regret that has no edge. You don't need to regret the money you spent at the casino, it's not your right, you have indirectly let the money change hands by placing a bet there.
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 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.
That's very true and there have been many who are greedy in gambling instead of losing a lot of money.They should be able to learn from other people's experiences that greed will not give anything and instead make them lose.
And if it is gambling, he better overcomes his greed because otherwise, he will only suffer defeat after defeat, which can frustrate him.
We have to manage the money and only gamble with what we can afford and when we have won, don't try to get another win because it will never be easy.
We must try to limit ourselves and know what we can do so we don't cross the line.
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.
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.
Sometimes it becomes difficult for the gambler to control his greed in gambling. Some gamblers may lose big bets simply because of greed. I myself fell into such temptations. I had a chance to withdraw money on a bet that was bigger than my gambling bet but lost all the money due to my excessive greed. Sometimes there have been situations where I bet more money out of greed and lost at the end. So first of all in gambling greed should be controlled. It should be remembered that you cannot become rich in a day. If you don't win the lottery or jackpot. Gambling can be controlled with the mindset that you have to gamble patiently.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.
It will be difficult if their expectation is so high and they are approaching unrealistic expectation towards their bets most likely they will fall in that category. But if they just bet without any risky intention maybe they can enjoy the game and possibly can take home some profits on those games you played. Gambling can really be control if you are well disciplined and know how to acknowledge the risk.
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.
Sometimes it becomes difficult for the gambler to control his greed in gambling. Some gamblers may lose big bets simply because of greed. I myself fell into such temptations. I had a chance to withdraw money on a bet that was bigger than my gambling bet but lost all the money due to my excessive greed. Sometimes there have been situations where I bet more money out of greed and lost at the end. So first of all in gambling greed should be controlled. It should be remembered that you cannot become rich in a day. If you don't win the lottery or jackpot. Gambling can be controlled with the mindset that you have to gamble patiently. 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 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.
I'm tempted to argue here that your own case may not be issue of greed because you never got to the stage of cash out and left it to be filled. You only took a chance to maximize your profit and it happened that way. Any other game would have caused you to lose and not because you added one more game.
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.
Don't keep fighting yourself because you lost or trying to chase back the lose because you will see yourself playing often and probably become an addict. You have to see your effort as a worthy one and anytime you are moved to gamble you can freely do so but not to put pressure on yourself. Opportunities come and go but they are never lost if you also identify it when it present itself.
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.
There are many gamblers that have been opportuned to win a fortune through gambling but greed has made them miss out on such opportunities, greed sometimes is an enemy to gambling and people should avoid being greedy, if you're already sure of the outcome of an event, be cotempted with the profit it comes with or you could stake higher if don't think the profit is enough for you and not including more games to it. another thing is understanding a game that suits your strategy before including it into your predictions.
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.
The betting that Op is referring to is a Nigerian betting site whose brand ambassador is the famous Jay Jay Okocha. It is not the one that is flagged in the forum. It could be a similarity of domain name but one is .com while the scam is .ioOne is fiat while the other is cryptocurrency.
OP, I don't know how you make your own bet but I do not look at my winnings when staking. I just put matched that I know will not fail and I do not really care about the potential winning.
Your experience wouldn't necessarily encourage people to be interested in gambling rather a lot gamblers will learn one or lessons from your mistake, personally I would have withdraw atleast half of that money and bet with rest once I lost I quit immediately and move on
Basically, that's the best thing to do if you still have got balance left in your account. You better withdraw what's the best you think that you should have. You withdraw and then continue to gamble what's left with you, that's the most satisfying decision that a gambler can always do as he takes profit and then keeps on enjoying to gamble.Also, I heard that this online casino is a bad one, start using platforms that high-rank members are promoting, I am currently promoting Fortune Jack and I also gamble on the platform myself, so I can say it's safe, there are others too, just DYOR.
Yeah, they've got a bad reputation in the community and that's why if there are still interested gamblers going on with that casino they better find another one that has a good reputation and is known to the community.
The only greed in gambling that I am aware of is trying to recover what you have lost or just lost, and the other is trying to win more money after you've just won a round, instead of quitting you sit believe in the luck you just had, thinking it's going to go your way again, this is greed.
The mistake many gamblers are making is understating the game but not the system, if you understand what gambling system is all about you will know how slim your chances are, even if you want to rely on your luck you will give your luck a try with what won't affect your business and your life.
If you don't know how to play safe with gambling you shouldn't be gambling, the money we use or we should use for gambling must not come from our financial life, what I am saying is do not use money that's intend to keep your business or store running to gamble, if you lose such money you are sure heading down fast.
The mistake many gamblers are making is understating the game but not the system, if you understand what gambling system is all about you will know how slim your chances are, even if you want to rely on your luck you will give your luck a try with what won't affect your business and your life.
If you don't know how to play safe with gambling you shouldn't be gambling, the money we use or we should use for gambling must not come from our financial life, what I am saying is do not use money that's intend to keep your business or store running to gamble, if you lose such money you are sure heading down fast.
That's a very small amount and that shows that you aren't greedy, because it's gambling after all, with $2+ you are free to keep trying your luck because this is a sign that you are a responsible gambler.
A greedy gambler will use what they can't afford to lose, money they won't be able to recover from, just because they want to get a particular figure.
Also, I heard that this online casino is a bad one, start using platforms that high-rank members are promoting, I am currently promoting Fortune Jack and I also gamble on the platform myself, so I can say it's safe, there are others too, just DYOR.
A greedy gambler will use what they can't afford to lose, money they won't be able to recover from, just because they want to get a particular figure.
Also, I heard that this online casino is a bad one, start using platforms that high-rank members are promoting, I am currently promoting Fortune Jack and I also gamble on the platform myself, so I can say it's safe, there are others too, just DYOR.
Definitely greed is the most harmful thing for a gambler as well as for an investor. If you can’t control your greed then definitely you will end up making losses. When you are gambling, you should be careful and calculate all the expenses that you spend on a bet. Always set a profit limit and stop accordingly when it is achieved. If you keep on gambling then the chance of losing the money also continues. So whatever OP has mentioned, I am completely satisfied with that statements. Green always causes a loss bet.
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I wouldn't say your mistake is being greedy, but it's more about pushing your luck by including that one leg that cost you the win. I used to place parlays frequently back then, and it's normal to lose by one, so don't feel too bad about it. I'd also suggest checking out some of the sportsbooks available because they sometimes have a promotion on parlays, and if you placed that same bet on another sportsbook, you could've won at least a free bet instead of nothing.
I think it very much has to do with the circumstances under which that last bet which cost op his winning was placed, that will determine if it was actually a sheer of greed or just him pushing his luck, but based on what or how he explained what happened, i still will call it greed, not him trying to push his luck, and besides, it is commonly said that too much of everything is bad, pushing your luck too much can also turn into you being greedy if its done in the extreme way, Op said he wasn't so sure about that last game, but just because he needed more money as a potential winning, he included it, that is greed if you ask me. 
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.
First of all, you need to choose a platform that you know is trusted among the community and is never going to scam you out of your money even if you manage to win a certain amount whether it's small or large, and after that, you definitely need to do your research and analyze the results properly before you go ahead and place your bets because if you are betting on multiple games in one bet, one lost match can result in you losing all your bet and everything goes in vein.
And it is definitely true that greed can make you lose even if you are winning, if we talk about gambling games like slots or dice or any other game, whenever you are winning and have got something above your deposit, you start thinking that you can win even more and then you lose everything back.
And it is definitely true that greed can make you lose even if you are winning, if we talk about gambling games like slots or dice or any other game, whenever you are winning and have got something above your deposit, you start thinking that you can win even more and then you lose everything back.
I don't think greed had anything to do with you losing this bet. You bet a parlay and those period are the hardest bets to win. The odds of you winning go down with each game you add, but the amount of money you can win goes up. So it's risk reward to the highest degree. Why they are so har is you have to win every single game you picked, 1 wrong and it's game over.
If you decide to make this type of bet again, try making it with less picks(3-4).
I agree with you sir Yahoo, because the more the game selections the higher the chance that a game will cut the ticket, I have experienced this before and I came to the realization that multiple games selection is a pit hole for gamblers, and one other thing is odds, because some sport stakes follow odd since that is were their rewards come from so some of them get carried away with odds and decide to risk on that. If you decide to make this type of bet again, try making it with less picks(3-4).
But in ops' own situation, I think the number of games selection is what has led to the loss of the bet, and just as you rightly said, 2 games selections at most for me, because is better to risk a higher amount to stake and expect something moderate in winning then wanting to win millions with low stake amount and multiple games selection at higher risk of losing the bet.
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