Topic: Greed can cause a lost bet, (true or false) - page 3. (Read 2271 times)

For me I could say that it is true, If a gambler couldn't control their greed they would just continue until they have nothing left.
As a gambler we need to set up our limits, know when to stop or quit, if we couldn't control it we would just continue to play even if we already have a good profit.
We have to learn how to be contented, if a gambler would be controlled by their greed they wouldn't stop until they lose everything.

On the moment that you would really be making yourself getting involved with gambling is that you should really be having that good control towards greed or simply having that good control when it comes to emotions that might come up on the moment that you would really be finding yourself having that kind of emotions that you would really be able to encounter on the moment that you would really be losing up such bet or session.
People do always have that kind of anticipation that they would really be able to win up a particular bet and made out some huge winnings without even trying to think on what are the possible things that could happen into them on which they are really that expecting that they would really be ending up on having that kind of winning session but on the moment that they have lost then this is where they would really be that becoming impulsive.

One of the common reason on why you would really be that ending up on miserable on dealing up with gambling just because you had not been able to control your greed on which we know that on the moment
you have lost that control then you would really be that ending up on messing up your finances which is commonly a scenario that happen on most gamblers in the field.

I think some gamblers might disagree with you on that thought because the base of all the action carried out is still dependent on one main factor which is the fact that in gambling there is no certainty so it's even better to try and enjoy your gambling with a stake of $1 for the chance and luck of winning $1million over a high losing option of heavy funds like betting a game with huge money just for the assurance that the game is going to play and at the long of things it actually didn't play out well.

A greedy gambler will because of his greediness make a spoil of all he has made to turn to vain, you can discover a typical example of this from those who would have place bet and then later reconsider some decisions on the bet and influence changes because they were being told or they feels making such addition will incur more winning on their stake, but at the end of the match, they will then discover that the little changes made was the reason to the loss on that bet placed, so greediness can make us see the right thing and go for the wrong one.

Greed is one the major setback for gamblers, however realistically gamblers are naturally greedy and this happens just like that unexpectedly, gambling as a game of luck needs carefulnees and the ability of gamblers to understand that ni matter how good you are in the selections, any thing is possible, op talking about your virtual encounter, it happens, sometime your stake and trying to increase your winning potentials can lead you to loss, this has happened to me twice but i learned to be very cautious of my instinct because most times our instinct can be deceitful, once am done with my selections and ready to bet on them am not going to add any other game to my bet slip again and that's it, gambling is being controlled by many forces, the earlier we realize this, the better for us.

Repetitive gambling process remains the way gambling works. Many people undergo this process for a long over due period and still don't tend to change their behavior. It's actually as you said that the players lack reading comprehension on gambling responsibly. Many players go through those write ups and still don't implement it while gambling. Such things are as a result of not remembering vividly what they've read about gambling.

However, gamblers also need to realize that playing the game is not as easy as it seems. Greed shows up unexpectedly to the player and he may not be well prepared to control or withhold the pressue at which it was accompanied with, the gravity forces gamblers to extraordinarily lose more money. The game is focused on the emotions of the player so that he could get controlled and decide on things that wouldn't yield him enough profit on the long run.

My advice to you is that you should not beat yourself unnecessarily over this, it is one of those things. In your case, let me say it is not even greed per se, you were just unlucky in this case. I define greed separately to what happened to you even as it is contributory at the same time, and at times, the added game could even be won and those you chose earlier than it could be lost, that's gambling for you. It's bad you are beating yourself now and feeling bad simply because it was the last game you added that cut the ticket, it should not be like that.

Luck is what I see here, but unfortunately, it was not on your side, still, continue to analyze your match very well and bet your thing, one day, you will win the whole ticket. But still, I advise people to limit the amount of betting they loop together, it is never worth it when it is getting too much. We should know that the higher the number of games we combine together in a ticket, the higher the difficulty of winning the game and also the higher the possibility of losing the match. This is why I bet my games independently so that if I lose a match, it will not affect the others. This is not about what earns me a huge amount of winnings but the consistency and how it helps me to manage my gambling portfolio better even as I win more with it.

Greed is tricky at casinos. Casinos now focus on psychology rather than luck and games. These operators are masters of seduction, manipulating probability and our innate inclinations. To them, encouraging you to play is about them, not you. More you play, more they win. Betting supports a system that favors them virtually constantly. Math isn't enough; you must see through their illusions

Now, your less-greed theory is intriguing. People might win more if they weren't greedy. Unfortunately, most people don't know when to quit. Playing even if they win little helps the casino win in the long run. In addition to avarice, lack of education and self-control. Casino operators profit from ignorance. Winning, losing, and longing to win repeats

Of course, if you take more risk in gambling, the winning amount will be much higher but there will be no certainty of winning. If you are lucky you will win and if you are not you will lose. Some people take more risk to win more but in reality they lose the ability to bet. Here a gambler has to control his level. Gambling comes down when a gambler craves extra winnings. A gambler should reassess his financial situation before placing every bet. If he loses, what he will do or how to conduct his activities should be planned in advance. A downfall occurs when a gambler conducts his gambling activities beyond his means.

In fact, as gamblers, we have to have a little greed so that our chances of winning are big enough, but excessive greed will only result in big losses, the portion must be standard.

I am also a gambler but I am not that greedy, when I win big enough from the capital I have spent then I will withdraw my profits and let me continue betting with my initial capital and if my capital runs out I will stop playing, nothing that I need to force.

Above are the bets placed just a few minutes ago. I won't be placing big bets, and I just tried with 128 USDT and won two bets. Greed accompanied and lost the next two bets. The result was a big loss, and in the event of recovering what I'd lost, I kept playing with the balance amount and finally ended up with nil balance in the wallet. So, it is always good to be careful while gambling, and you also need to be in perfect control. We don't know when we get greedy.

Higher risk comes with great higher rewards is such a tempting call for us to bet higher amount, Many people have proven that when you risk a large amount, there is a chance that you will win a lot but there is no guarantee that you will win, again, when it comes to gambling, it is always 50/50, either you win or you lose, there are only two as for the outcome you will receive there, you should assess it carefully before you decide on the move that you will make. you also need to look at your current situation, can you afford to risk such a large amount? do you have any left? Do you still have excess in your bank roll? or maybe you will use all your savings just for gambling? think carefully because once the decision you followed is wrong, you will have a hard time getting back the money you lost.

That's why many gamblers are being greedy because of the phrase "higher risk means higher reward" although this is true but the thing is this phrase is what I hate to be with gambling because even though the rewards or winning amount can be tempted the thing about gambling is that you should always assume the you will lose, because that's how gambling is, its more like you are going to lose than to win, that's why you should always take the calculated risk so that even if you will lose the effect will not be too much, based on OP's situation he already has the winning amount that is enough but out of greedy just because he wants more then the damage becomes too greater, as he said it will be a lesson but for sure he will do it again, and again will say that it will be a lesson, many gamblers are gaslighting there selves saying about it will be a lesson but the truth is they will repeat it again and again.

Stopping the game after reaching a profit of 30% of the total capital is a fairly good and wise approach. because doing this can help you to lock in the profits you have earned, and help prevent you from careless behavior, playing continuously in the hope of winning more, which often ends in losing everything you have earned. Likewise, stopping after experiencing a 10% loss of capital is a good way to minimize further losses and admit that perhaps this is not your lucky day.

However, it is very unfortunate, most people prefer to continue playing in the hope of recovering losses or multiplying gambling profits, which usually only leads to greater losses. By setting clear boundaries and sticking to them, you can reduce the emotional impact of gambling and make more rational decisions.

And it is quite important to understand, that gambling algorithms are always changing, and the results are always random. Because understanding this can help you not get trapped in a narrow mindset, the mindset that there is a sure way to win consistently.

Greed does not only happen in casinos it also happens in trading, investment, or any business this emotion will make you lose your capital instead of making a profit. I learned something about gambling if you already made I think just 30% of your total capital you should stop and gamble next time and then when you lose 10% of the capital you should also stop meaning you are not lucky today you need to gamble again on the next day until you feel no loses and have winning streak don't go all in just be consistent if get one lose then stop gamble again on the next day. You just need to make sure the algorithm always changes so that it won't lose all of your money and has a higher chance of winnings and profit than losing or negative profit.

Sometimes people also forgets Greed is one of the most exploited feelings by casinos. It is something I have seen also happening in real life and in small casinos in small towns. Whenever the gambler starts to gamble and they consider to withdraw and not to continue, the operator actually encourages them to keep on gambling because it is "their day of good luck" and they better "take advantage of it". It is actually about waking up the greed of the gamblers so they can continue until losing it all to the house again. Any operator with a minimum knowledge on how mathematics and the laws of chances work in their business is aware that the more the gamblers wager their money, they (as operators) are more likely to profit from the volume of wager.

I have the personal theory than if people did not experiment as much greed as they usually do when they start to win money from casinos and bookies, it would be easier for the average gambler to profit. Anyways, we all know that is not going to happen...

To win a bet, you rely on 100% risk of losing, the good news in your story is that you are still gambling within the required responsible limits, this is what we should look at all the time, because even though you are aiming at winning around 1.5 million Local Naira currency with a bet amount of 1700 naira.
Any thing that happens in gambling, should be taken as incurrence to build experience from, and just like in this situations what if you have won the bet, you be happy for it, so relax and try again next time, who knows your luck will play out, but don't ever get greedy and at the same time bet amount you can comfortably lose and still be ok with.

Well, you have a point and I believed every gambler knows about this already. However, in every bigger odds there is always a higher chance of loss, and those bigger odds doesn't end well for us all the time mostly when luck is not to be found.
There is different between greed and higher stakes, when a gambler is greedy he/she will want to use $1 to win a million dollars which is very much impossible, but when we talk about a higher stake, a gambler can decide to select just 3 games and bet in it with s significant amount (thousand dollars or million dollars). Those small games with higher stake have little assurance because the games are not much, but in all luck is what makes the gambler to win a bet, even if the money is big or small.

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.

I totally understand your points but what I can say is that as a human beings we are, we should not let greed consume our minds because it will make us lose more more especially in terms of gambling.
However, if you control our greediness, it will help us get more, sometimes, many gamblers don't think about the front and the back before they conclude on they stake on.
When I lost this bet, I didn't just take it as something because I believe it is not yet my time to win big, however, every gamblers have the specific time for there big win, we can't fast forward the time to when we will win big.