Greed can cause a lost bet, (true or false) - page 16.

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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?

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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.

Greed is a terrible emotion that we should never focus our decision making on. In general, it's a good idea to try and avoid to gamble and react to any type of emotions. There are good and bad emotions, but once we start giving in to one of them like greed for example, we are more likely to follow all our emotions. This is a very dangerous situation because it will cloud our judgement and lead to bad decisions in the long run. When it comes to money (it doesn't matter if it's spending money, investing money, or gambling with money) we should focus on our brain to make the right decisions and not to our stomach. We all know the feeling of greed and recklessness that crawls up on use when we are having a good run. I always feel like I can never lose and my body tries to tell me to bet even larger amounts. This is obviously not realistic and I know better than to trust that feeling. For me it's best to make some fixed rules, like gambling until I lost my initial balance or play until I win a big bet.

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Quote from: rachael9385 on July 24, 2023, 12:57:26 AM

Quote from: Mr.suevie on July 23, 2023, 04:05:26 PM

Well greed is actually the basis for experiencing loses for every gambler but for this your case this risk you took with the number of odds was too much I think and thats why I prefer playing just two or three games that am sure since am not playing for the money am supposed to win so I just let it flip hoping to see if the games I predicted would come true.

Hey @mr.suevie cut that shit Man, you are likely talking as if you are very sure about the 2, 3 game you want to stake, if you will give me the chance to talk I will like to tell you that theirs isn't any sure odds or game anywhere because some times I think the betting companies play another disc so the odds can change.

Well bro I don't how you read my comment but I thought what I said its "I prefer playing two or three games" and the option of how sure the game is, well that's left for me to find out because it's my own personal decision as I don't intend to share my games with anyone and certainly not try to convince anyone to playing it

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Quote from: Mr.suevie on July 23, 2023, 04:05:26 PM

Well greed is actually the basis for experiencing loses for every gambler but for this your case this risk you took with the number of odds was too much I think and thats why I prefer playing just two or three games that am sure since am not playing for the money am supposed to win so I just let it flip hoping to see if the games I predicted would come true.

Hey @mr.suevie cut that shit Man, you are likely talking as if you are very sure about the 2, 3 game you want to stake, if you will give me the chance to talk I will like to tell you that theirs isn't any sure odds or game anywhere because some times I think the betting companies play another disc so the odds can change.

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Quote from: Don Pedro Dinero on July 23, 2023, 11:19:33 PM

Quote from: Sim_card on July 19, 2023, 07:39:21 AM

Last months I placed my bet on 7 games that was to be played for two days. When the 5th game was played,all matches came out as predicted and I was called by the casino,to offer me a cash out of $200 in my local currency and I refused it because if the other two games was played and the I got the predictions right. I will win $1200,so I turned the offer down. The painful part of it was that the two games were to kick off on the same time,and after the games,my prediction for the two games was wrong. I felt so bad because I allowed greed to control my emotion.

Luckily for me, I have no such problems. As I said in another thread, I gamble recreationally, with money I can afford to lose and without putting false hopes on it.

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.
But anyone will definitely prefer to remain confident in their bets because there are a number of sizable advantages when they win.

Incidents like this should be a lesson for all of us so that in the future we are not too ambitious to be able to have bigger profits and just take what we can take as long as it is profitable.

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Quote from: Saint-loup on July 23, 2023, 02:54:56 PM

Thank you for the picture and the testimony bro, I think it's the first time I see such thing with such high odds to be honest, you managed to be unexpectedly lucky and unlucky at the same time. You could have been a big winner until this small one ruined it all. Could you tell us on which outcomes was your bets exactly? We see 1X double chance bets but we don't see the name of the teams.

You are welcomed for your appreciation, I don't think I lost the bet out of greed, the 1x opinions are double chande, for i.e 1x double means the team might win or draw the match is combining two options together,
The teams are Manchester United 1x, Liverpool 1x, Manchester city 1x, arsenal 1x, Bournemouth 1x, Newcastle 1x, Fulham 1x, Everton 1x, crystal palace 1x and crystal palace was the last one I added that lost the bet.

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

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.

It often does. Just read this section, you are not the first to tell such a story. A similar one would be this one:

Quote from: Sim_card on July 19, 2023, 07:39:21 AM

Last months I placed my bet on 7 games that was to be played for two days. When the 5th game was played,all matches came out as predicted and I was called by the casino,to offer me a cash out of $200 in my local currency and I refused it because if the other two games was played and the I got the predictions right. I will win $1200,so I turned the offer down. The painful part of it was that the two games were to kick off on the same time,and after the games,my prediction for the two games was wrong. I felt so bad because I allowed greed to control my emotion.

Luckily for me, I have no such problems. As I said in another thread, I gamble recreationally, with money I can afford to lose and without putting false hopes on it.

ralle14

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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.

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This is common thing with gambling. When you gamble for money, automatically greed and the running behind the lose accompanies you. Losing out of greed happens when you're making good win, and the next thing when we go behind the loss to be recovered. This is really tough and could make our entire earnings washed off. So, we should spend what is available or allocate and get into gambling, if not this is going to be a big problem. Here OP have been more responsible as his spending is very small and the same doesn't hurt him.

Slow death

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man this is something that happens to most people who make multibet bets, if you were making multibet bets often you would have seen these cases very often for example you could have made a multibet bet with 7 games in it, but after 5 sure games you could have canceled that same bet and after the remaining 2 games ended you could see that you hit the 7 games and that you would win much more than that amount you got when you canceled your bet, so you would be regretting having canceled your bet, today you made this post because you lost this bet

That's why you're talking about things like greed, but that's not true, that has nothing to do with greed, when you make a multibt bet it counts as a single bet in which if you win you can celebrate and if you lose you can move on with defeat, it's that simple. now if you see that multibet bets are too risky then you should stop doing that, just make single bets, for example if you manage to get a lot of single bets right then you would be in profit, there is no reason to be doing multibet bets if you are not prepared mentally

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It's just your bad luck, not greed. If it wasn't the last game you added, it could have been any of the other games.
I would consider it greed if you have added a game with a very high high multiplier which is unlikely to win. Based on the photo you posted, this is not the case since you nailed other games with higher multiplier.
I know how you feel but don't blame yourself and don't think of it too much. I would call it greed if the casino offered you a good cash out deal and you refused it.

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Quote from: coin-investor on July 23, 2023, 05:17:33 PM

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.

Two things that will make us lose after winning, chasing our losses, and striking while the iron is hot, the only solution is the right time to stop, you need to be in control and you need to be an experienced player to do new players are always tempted to pursue their losses and continue playing on when they are doing great, you have to have the feel of the game on where you stop.

If we are winning, I think we don't have to chase losses probably what you are trying to say is chasing more wins. While striking the iron while it hots simply means a person is on a lucky streak but when it gone cold and we failed to noticed it then that is the case where we lost all our winnings. I agree that the only solution for this kind of situation is to know when to stop. Gambling responsibly and knowing when to stop is among the best method in preserving our bankroll and winnings.

Quote

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.

History repeats itself so who knows, you might end up in the same situation but at least as you learned your lesson, you know what to do next time.

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Quote from: coin-investor on July 23, 2023, 05:17:33 PM

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.

Two things that will make us lose after winning, chasing our losses, and striking while the iron is hot, the only solution is the right time to stop, you need to be in control and you need to be an experienced player to do new players are always tempted to pursue their losses and continue playing on when they are doing great, you have to have the feel of the game on where you stop.

Quote

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.

I bet that you will now gamble more often because you have experienced to be in this situation, This is the same situation I'm in where I almost hit the jackpot and I want to be on it again to correct my error, but sad to say I never learn.

People would never ever learn until they would realize that they dont have already money on their pockets for them to bet or spend on gambling.This is why it would really be just that wise that you should really control your greed because if you dont then you would definitely be losing lots of money if you cant really that able to control that kind of impulsiveness. Intuition sometimes do really alter out those kind of situations on which it would really be causing up for you to change up decisions despite on being on the winning site but due to those changes then it did result into negative on which it would really be giving out that kind of regret on which you should
have avoided it if you are really just that contented on what you had earned or win then you wont really be ending up on this situation. Contentment is the main issue for most gamblers i would say.

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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.

Two things that will make us lose after winning, chasing our losses, and striking while the iron is hot, the only solution is the right time to stop, you need to be in control and you need to be an experienced player to do new players are always tempted to pursue their losses and continue playing on when they are doing great, you have to have the feel of the game on where you stop.

Quote

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.

I bet that you will now gamble more often because you have experienced to be in this situation, This is the same situation I'm in where I almost hit the jackpot and I want to be on it again to correct my error, but sad to say I never learn.

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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.

It's really nothing my friend, if you are this experience to win that straight list of games with only a single match unsuccessful, then I believe this is not your first time, it's a regular thing that happen to every gambler and then you be like "if I had known" I wouldn't pick that, "I was been greedy", this and that but it's just the normal after effects of betting, there is nothing to feel bad about. If you can actually make good predictions in this manner, you can try more because by calculation, you had 90% of probability of winning, the last game was the 10% lost, try again next time, you never can't tell anything is possible.

I really salute your caurage, I don't like virtual gambling, that's sh!t has made many go broke, I don't know you manage to have that spirit to play it because they are one the most volatile gambling I have seen people play and lost, I have never tried it before because of the risk.

Casdinyard

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While I wouldn't really go so far as to persecute you, cause after all you're gambling as responsible as possible but at the same time I would agree. Sometimes we get ahead of ourselves and that proves to be our downfall cause when we feel invincible that's when we're humbled by the losses. But then again, as long as the loss is not debilitating so much so that you're no longer able to gamble or provide for yourself after, you should be good to go. I take it sometimes as "just testing the waters and seeing if we can get more from taking a bigger risk", which we as gamblers do every now and again anyway.

Quote from: Blitzboy on July 23, 2023, 03:58:30 PM

Thats a rough one, man. You guys really missed it. On the other hand, as the old adage goes, "You miss 100% of the shots you dont take." You gambled, and while it didnt pay off this time, you'll be more prepared for the next one.

Bets can be compared to actual sporting events. Some days you win, some days you lose. Getting a perfect score isn't always the goal. What matters is how you get yourself up after falling down.

Try not to be overly critical of oneself. Perhaps a more helpful strategy would be to establish a betting limit and stick to it no matter what. In this way, you can avoid the temptation of including a potentially game-changing addition to your wager. Always keep in mind that the first step of a thousand (or in this case, bets) is the hardest. Don't give up, mate!

Exactly. That's what I'm trying to say lol I just couldn't quite put the finger on what the saying is but yeah. Taking risks and then losing is better than regretting that you didn't take it. I take it that OP is gambling properly anyway and just took this chance to go big or go home, but I would agree, a better gambling strategy wouldn't hurt.

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Quote from: lionheart78 on July 23, 2023, 12:25:54 PM

Quote from: Oshosondy on July 23, 2023, 04:43:16 AM

You do not have to blame yourself as you are gambling responsibly.

When I converted 1700 naira to dollar, that is just $2.2. That is a small amount of money. You can continue to try your luck and see if you will win one day so far it is a kind of money that you can afford to lose. You do not have to do it often too because you do not gamble often.

It would be good to use trustworthy betting site like bc.game or stake.com.

@OP stated that he had turned this $2.2 to more than $1.5k. That is a huge amount for a developing country unless @OP is filthy rich this amount does not matter. I can say @OP is lucky and skillful enough to baloone his bankroll for more than 500x but his greed does not know any bounds and lost them all.

I also have the same eperience where I tried to hit another winning amount target since I already hit my first target in the same session. Alas, I depleted my bankroll without getting near the next target winnings. It is indeed devastating if we let our greed run our game plan.

I'm very curious how he did that? It is a great event because Making from 2.2USD to go to an Amount as large as 1500usd, I have always Wanted to be there and do that kind of play , because I want to do something with Roulette, I would really like this as he did , if he could give Signals or something like he did it would be Spectacular, it could be that the things that this player Applies are so good that it can make a difference, the greed thing , Greed , all this is something that is in us , but I would like to know how it Happened It's the strategy that did it , we gamers have been Known to want more details.

BitcoinPanther

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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.

So in gambling it is not only the gambling addiction that we have to look out for if we wanted to have a good gambling experience without damaging our financial status, we also have to restrain our greed and don't let it control our decisions.

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Quote from: ImThour on July 23, 2023, 10:56:20 AM

The bet you are talking about was to convert $2 into $1800 i.e. 900x the bet amount. It's literally impossible and there is no need to be sad about it.

The amount we using at the moment to stake our bet doesn't to a large extend matter or determine the tendency of us winning our bets. For when it's our lucky day no matter the amount we use to wager the wins we just come in handy. But it's good to use big amount cause it reduces the risk of piling up much multiple predictions due to how little the staking amount is, and that can ruin our chances of supposedly getting regular wins.

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Well greed is actually the basis for experiencing loses for every gambler but for this your case this risk you took with the number of odds was too much I think and thats why I prefer playing just two or three games that am sure since am not playing for the money am supposed to win so I just let it flip hoping to see if the games I predicted would come true.

Topic: Greed can cause a lost bet, (true or false) - page 16. (Read 2276 times)