Topic: Greed can cause a lost bet, (true or false) - page 4. (Read 2271 times)

Even though there is this positive side has very small chance and can hardly be obtained by most existing gamblers and until now greed only leaves defeat and misery because anyone who gambles with greed will lose all the valuable things they have.
It quite shame that there are still some people who think they can get decent things from gambling greedily but they don't realize that because of greed there will be difficult times waiting.

Yes some people feel dissatisfied or cannot accept what they have got so there is desire to get bigger results with higher risks of course.
It may be true that luck is only owned by those who dare to take risks but if what you do is take risks with greed then it is not luck that you will have but bad luck or defeat.

So that why self-control is very important and must be possessed by every gambler because self-control can prevent gambler from being greedy and also acting recklessly.
But it seems that only handful of gamblers are able to have control and can gamble responsibly without the desire to get bigger results by sacrificing more money at stake.

Countless times, that is basically the reason why people get greedy because deep inside they know that there is at least some possibility of ending up being on the positive side but at 0.001% rate still gamblers do get convinced with that rare positive side which is really unfortunate.

Most of them do, greed is generally not a good thing but once in a blue moon it works in your favor which is mathematically at less than 0.001% rate.

It occurs when you feel that you can get more despite what you have already got and if you don't have enough self-control, you will go for it and there is no point in regretting later.

It happens but only with those who don't have any self-control and can't control the urge to gamble more because they feel they might be able to win more.

You are very right, in terms of controlling yourself it is easier to say but it will be very difficult to do because this will really depend on our own personality and if we want to change these bad habits we have to do it consistently in order to have a good personality in terms of control ourselves. However, in my opinion, greed is very bad in any case and if greed occurs in gambling, it is certainly a very detrimental thing because we will never be able to experience victory in the gambling we do.

I agree on this. I think greediness is part of a human nature and I believe that we all felt greedy at some point in our life. It is really hard to detach ourselves from greediness, if in the first place, it is considered to be part of us. So, I think this is more of a matter on how we can manage and control our greediness. But again, this is easier said than done because it is difficult to manage greediness. One of the ways that I am seeing to control it is to develop discipline within ourselves. Set limits and boundaries, and know when to stop. Of course, you will not just set this limits, but you have to follow them as it can help you avoid from having huge losses. And yes, I think in the context of gambling, greed is really a bad thing.

We can actually control the human greediness by being contented with your current winnings. Being greedy starts with thinking of winning more and hoping for more winnings. They feel like they still don't have enough with the excitement and enjoyment in gambling like there's more winning and fun that they can feel if they continue to gamble.

As long as there is this mindset like "I can still win or what if my next bet will be the lucky one", being greedy will always be there. This is the hardest thing to do in gambling but can be control if you can manage to control yourself.

It is impossible to control our greed especially when we are new to gambling. We do not know how greediness can destroy our portfolio but we only realize it once we have lost a lot of money in gambling. When we analyses our loses, we see that most of the time it is because of our greediness because if we had stopped the game and not wished for more profit, we could have enjoyed our profits and not converted the sure shot profit into losses.

Greed is a human behavior that is difficult to eliminate, but we can control it when gambling, therefore learn to control emotions and control yourself to gamble wisely, of course gambling must be responsible but we also need to know and understand the meaning of responsibility in terms of This, don't waste money unnecessarily. Always limit your budget before gambling as an alarm for us to stop.

Usually we can control our greed when we have a really good mindset, for example gambling just for fun, nothing more than that, let alone making money and making gambling a source of steady and consistent income, so listen to the experts on this forum, always remember the message that Always remind and read this thread because it is important for us to be able to control greedy behavior.

I guess greed at some point will make you profitable as well. Although there’s no guaranteed winnings from gambling, but sometimes if you are more greedy to win, that will attract positive outcome as well. It’s like when you feel you can be more lucky to win, you decide to increase your bet and end up winning a huge amount. However, at some point, it’s also true that if you are not greedy, you will not lose anymore. Remember that once you decide to gamble, you are prepared to lose your money. So being greedy when gambling could sometimes lead into winning or losing, depending on how you manage your greed.

It's not hard to understand why people who are greedy in gambling will lose, either in the short run or in the long run; the outcome is always 'loss.'

As experts say, gamble responsibly. When you are greedy, that's already a significant non-compliance with responsible gambling. So, expect that you'll lose; there's no need to further explain this.

I'm sorry in advance, I don't get the essence of good things from greed. The definition of greed has a negative meaning, so I don't find the essence of something good in greed. but whatever it is, your assumptions are still yours.

So, what we are discussing is gambling. in gambling is complicated, because it involves our emotions every time we play a game session. When we are in the winning phase, it would be very natural for someone to want to multiply their winnings many times over. whether it's because the games we play are giving us pleasure. I mean, as if we were lucky in the game session.
So, the bets we make always get a good hit.  In this phase, we enjoy the game session more. our situation and mood, are in happy mode.

Well, at the same time, we don't know when is the best time to stop a betting session. and this is what almost all gamblers experience. in fact, even if one has discipline. because psychologically, we tend to want to continue doing enjoyable activities. in this case, during the lucky phase.
IMO, there is no theory that really works perfectly when we have a gambling session. some say it's surrender, some say it's natural, if you want to get something much bigger. For me, all of that is part of every risk that we must be ready to face and accept. If we win big, one will not say that it is greed.

That happens in the majority of the times but sometimes it was not only greed although I would define it as some sort of greed as when the money was about to run out I have increased a lot the bet,bought the bonus game and have won big,I continued to do so and kept winning so not 100% of the times greed is bad but of course 99.99% is so better to stop and start to educate yourself about the dangers of chasing loses.

There is also this other truth which I agree,when you win with lower bet amounts as soon as you raise it you are done and this is also greed which bring you to such decisions so overall greed is really bad for gamblers.

For the problem of greed, in my opinion, it is one of the reasons why they gamblers are too protracted in their downturn (defeat), although there may be greed that is not always a bad start but I will celebrate that something done with greed will usually always end up with worse things that you never expected, especially in gambling problems as you said above. That's right, afterwards it is very likely that they will gamble with the aim of revenge because it turns out that their initial results were far from expectations because they were too greedy, and this is the beginning of the real destruction.

It is clear and also true that the problem of greed will never disappear from them (gamblers) even though they refuse but still will definitely do it under certain conditions, almost all gamblers experience it. So actually winning is also not the end of everything, I mean even if you win not necessarily you will be able to stop and enjoy the results of the victory, but it is very likely that you will continue to play and do not know when to stop because everyone who gambles usually likes to feel dissatisfied and always want more, and that is greed.

Has there ever been a time when greed brought good to a gambler? Didn't all the gamblers who got into greedy behavior have bad results in the end? Greed only occurs when you don't know how to use self-discipline and self-control, because if you lose it, it's not unlikely that you'll get greedy in the long run.

So there is a truth, and that often happens to all gamblers, and even I experienced it, winning, and then because I didn't stop, I even lost in the end and even used up my balance playing gambling.

The gambler risk their huge money by targeting the big win or targeting the huge money.But the fact is the greed in the gambling will made the gambler to lose the huge money in the gambling.Some gambler doesn’t ready to wait for the big win and play the game with maximum money per day,by following daily the gambler became the gambling addict in the few months.So then they hard to away from the gambling addiction.The main cause for the gambling addiction was targeting the loss money in upcoming games.

If your goal is to win a lot of money, that's okay, but you also have to look at your situation. If you experience loss more often, you don't need to force yourself to win because that will make you want to gamble longer. And when you win, you can become greedy because you want more wins even though you have experienced more losses. And we know that not many gamblers can win consistently from gambling so they don't need to try to make gambling a source of income. When they win, they should stop immediately to reduce tension and excessive excitement because it can make you greedy. It's up to you to decide, but at least you can think about it before you decide to continue gambling.

sometimes its good to be greedy, you aimed to win high which is a good thing. what i think is lacking is luck to have added the one that would have won as well. my observation is that anyone into gambling needs to know their limit , this will help you to be disciplined. you have a high possibility of winning if you can make some few trials. most times its not about winning big, its about winning consistently especially for those who wants to make it a source of income.

You have a good point, man. Playing with borrowed money has a higher risk than betting on your personal funds. I see that the only people who do such things are those people who are so desperate for money. At that time, they bet on borrowed money. They lose more because their mindset is just to win and nothing else, but when the mind of a gambler is not occupied with anything, that's when winnings start coming..
The amusement part of gambling is that when you don't need money in a rush, that's when you start to win and, since you don't need money at that point, you might end up still losing it back to the casino, but when you have a limit on your winning, you can leave the casino, so you will not give it back to the casino while you lose.

It is very risky borrowing money for gambling; the chances of taking irrational decision, when playing with borrowed funds, is high. When your mind is not relaxed, how will you win? It even become very easy making mistakes in such a situation.

From personal experience, I tend to win more when I am not desperately in need of money. I don't know why it is like that but anytime I plan with the money I'm yet to win from gambling, I hardly win. Like I always maintained, gambling is more of psychology than skill.  

The truth is that hope is an important ingredient of life. Having hope is very important but it is not good to hope on something that is already doomed to fail like gambling with money that is not yours. Even when there is no data to substantiate this, I think the chances of success with borrowed funds is less than 20%.

If you are not able to sort out needs, don't bother gambling!

Most times, it is very hard for some people, not only gamblers, to keep to their word, mostly when they start winning from what they do, and it is common somehow these days because it looks like we don't want to win.
It is easy to quit while we are losing at gambling and come back later or the next day to gamble again, but while we are winning it is not easy to quit and come back again.
When we are winning, happiness flows at that specific period, but after the winning has gone and the losing starts, the happiness goes away and you can decide to go home or live in that casino hall and come back later or the next day to try again.

Paying our debts should be prioritized, but a great deal of people out there are looking for fast solutions to their problems, not understanding that if it took them many years to accumulate their current debts then it should take them a long time as well to get out of them.

So gambling for those people is a form of escapism, as they do not want to face the reality they created for themselves and they want to fix it by believing things will somehow turn alright if they just get lucky and get huge wins at the casino.