Greed can cause a lost bet, (true or false) - page 7.

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Quote from: topbitcoin on August 07, 2023, 10:14:56 AM

Greed also makes us lose everything. Small wins are the trigger, especially when you get the win at the start.

When we get the win at the beginning, that's where the desire to get the big win peaks where we keep increasing the number of bets many times over, running out of deposit balance again to continue chasing big wins. Indeed there are some people after doing this it is not in vain that they get big wins. However, from most of the gamblers that I met when doing this, it was precisely what happened that the wins never came and the money ran out without remainder.

It's good when we can't control our emotions when playing gambling, it would be better if you ask your friends to accompany you to play so someone will make you aware when you lose control.

Not only in gambling lose everything, in trading too if you are too greedy enough then it will lose your profit value.

That is the heat of emotion when you win at the beginning but with a small bet feel a little emotion why not place a big bet, finally he did a double bet with the hope of the same victory but it actually made him even worse because with the continued double bet it makes your balance quickly depleted and of course this will quickly lose it.

In gambling games you have to be calmer, don't get carried away with emotions that make your blood rise because of previous losses, if you want to play longer then don't use buy spins, just normal rounds with smaller bets.

Finally, be responsible for all your actions in gambling.

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Greed also makes us lose everything. Small wins are the trigger, especially when you get the win at the start.

When we get the win at the beginning, that's where the desire to get the big win peaks where we keep increasing the number of bets many times over, running out of deposit balance again to continue chasing big wins. Indeed there are some people after doing this it is not in vain that they get big wins. However, from most of the gamblers that I met when doing this, it was precisely what happened that the wins never came and the money ran out without remainder.

It's good when we can't control our emotions when playing gambling, it would be better if you ask your friends to accompany you to play so someone will make you aware when you lose control.

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Quote from: Gozie51 on August 06, 2023, 03:10:17 PM

I accept that, greed can turn into a blessing. Sometimes we are persistent with what we believe in like if you try and keep trying because you see that light is at the end and at the end it may turn into good. Sometimes some gamblers are persistent in coming back to try after losing. I have witnessed much of this when a gambler losses in visual game and after losing much they still try the last game which turned out to be the remedy that brought them back to regain all the money lost earlier.

Yes that's what I am seeing. Sometimes I think that greediness is being a two-edged sword sometimes we can be motivated by it but most of time it doesn't especially when people like us don't know how to control our emotion our greediness it will be a problem soon , that's why we need to manage it . All people has their own greediness inside and we cannot deny it.

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For me, greed can cause a lost bet. It's because if you let your emotions take over you, it can affect the process of how you do things and later on impact the results as well. The moment you lose your discipline, it will all change. If you become ambitious to the point that it isn't making any sense and isn't really practical, you'll lose touch of the reality and soon lose your money to gambling.

Remember, everything that is too much is harmful. Everything should be done in moderation and responsibly. And if something is done with greediness, it will be excessive and irrational that could lead to spiraled results instead of a straightforward one. You can consecutively lose because of greediness and collectively lose a huge amount in the long run.

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Quote from: ethereumhunter on August 07, 2023, 01:29:21 AM

Quote from: Blitzboy on August 06, 2023, 06:53:20 AM

Many people engage in gambling, which involves playing games with the intention of winning or losing. Many engage in it for enjoyment, for winning or losing. But what exactly is winning and losing? You mention winning, losing, and your desire to win more. Its common to want to win more, but it may be risky as well. Dangerous because the need for more can result in failure. losing everything, losing more. After that, you discuss self-control. Controlling oneself is crucial. It functions something like a device that prevents you from taking undesirable actions. But is it sufficient? Is self-control alone sufficient? Perhaps, perhaps not. The issue with gambling is that it seems to continue on forever, in circles, and never ends. And therein lies the issue. a serious issue.

If the gambling addicts want to be honest with their families that they have become gambling addicts, their families can help them without waiting long. A gambling addict experiences gambling addiction because they play gambling too often without restrictions, so they have difficulty controlling it. And this desire to gamble grows and eventually becomes an addiction to continue gambling without stopping. If they have unlimited sources of income, there will be no financial difficulties. But the problem is, many people don't have a definite source of income but instead play gambling to win money. And when they win, they are overcome by the desire to get another win even though they have won before, which is greed that arises after winning. One must know when to stop so that it will not become an excessive gambling addiction that will be difficult to cure.

People become addicted to gambling because they gamble, and gambling causes them to gamble even more, which is extremely harsh

But here's the thing: individuals must be aware of what they're doing. Similarly, if you gamble, you should be aware that you are wagering, correct? If you're gambling and you tell your family, "Hey, I'm gambling, and it's a problem," they can help, but not too much, just the appropriate amount

And, similarly, having money is not always a problem, but it can be. If you have limitless funds, it's fine to gamble to gain money, but if you don't, it's risky to do so. Knowing when to halt is difficult due to the desire to continue moving. Consequently, wagering is something that requires caution. There are no straightforward solutions to this extremely complex issue

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Greed is really a trait that should not exist in life. I say this as someone who has lived it myself and even though it didn't really cost me much, it taught me a good lesson.
Everyone has their own life and a lesson learned here can actually help us not to get in the way of things that will cost us more in real life. We may not think that even a small rate that we add increases the risk, assuming that it increases a little bit when we make a high amount of aggregate odds. For example, we have created a 5-match coupon and the total odds of your coupon are 50. Finally, we added one more bet with a sudden decision and I must say that we trust this bet very much. Let the odds of this bet be 1.50. The total odds were 75 and the total number of bets was 6. We forget that the low odds increase the risk of the coupon not showing up. This reduces the probability of winning.

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Quote from: Blitzboy on August 06, 2023, 06:53:20 AM

Many people engage in gambling, which involves playing games with the intention of winning or losing. Many engage in it for enjoyment, for winning or losing. But what exactly is winning and losing? You mention winning, losing, and your desire to win more. Its common to want to win more, but it may be risky as well. Dangerous because the need for more can result in failure. losing everything, losing more. After that, you discuss self-control. Controlling oneself is crucial. It functions something like a device that prevents you from taking undesirable actions. But is it sufficient? Is self-control alone sufficient? Perhaps, perhaps not. The issue with gambling is that it seems to continue on forever, in circles, and never ends. And therein lies the issue. a serious issue.

If the gambling addicts want to be honest with their families that they have become gambling addicts, their families can help them without waiting long. A gambling addict experiences gambling addiction because they play gambling too often without restrictions, so they have difficulty controlling it. And this desire to gamble grows and eventually becomes an addiction to continue gambling without stopping. If they have unlimited sources of income, there will be no financial difficulties. But the problem is, many people don't have a definite source of income but instead play gambling to win money. And when they win, they are overcome by the desire to get another win even though they have won before, which is greed that arises after winning. One must know when to stop so that it will not become an excessive gambling addiction that will be difficult to cure.

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Quote from: RockBell on August 06, 2023, 04:46:07 PM

Quote from: Pierre 2 on August 06, 2023, 03:32:25 PM

Well gambling is a risky way of making money and our skills and luck determine our fate in it. But mainly luck part. When I feel lucky I always get greedy because I think that's life's answer to my desires. But logic should always be involved and considered. Even if you are the luckiest person ever in existence some gambling options are very very low possibility and sometimes you should rather pick lower amount of money too.

Gambling is not a reliable source of income for anyone; it entails a lot of risk and can cost you a lot of money, even if you lose everything. Luck is a key component of gambling, or more accurately, the basis upon which it is built. When it becomes uncontrollable, greed becomes a major problem since it always has the purpose of winning, which is a trap, I found about gambling. If you can't control yourself, greed eventually creeps in. Today, it's even getting harder to truly win, so experts advise that we always take our betting budget into account, even though occasionally taking a risk is the best course of action. Gambling is fun when played responsibly.

stories like what OP just shared is not new in this business. i bet a lot of gamblers experienced similar ones over and over again. i don't think they will stop once they experienced it. for sure, they will try their hands again, maybe a different time or game, but once a gambler tasted such, they will try again their luck. greed is i believe, one of the most common emotions that we can experience when we are in front of gambling or any other money-making opportunities. so it is no doubt, at one point, we are guilty of this emotion.

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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.

Despite the fact that gambling is extremely risky, unreliable, and difficult to profit from, it is true that greed has caused many people to lose their gambling earnings. Nevertheless, we assert that no game is certain. In some games, if we choose 1 or 2 games and bet to win a small amount of money, we will occasionally win. However, because we are greedy and want to win a large sum of money, we combine numerous games to bet in an attempt to win huge, Due to our desire for high risk and consequent greed, what reasoning why we are not winning bets. Greed has a big part to play in why we lost a bet we were intended to win.

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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.

The trouble is you thought you saw a pattern or some sort of logic in your betting pattern that simply did not exist. Each bet in independent of any other bet and it's all driven by random algorithm that is weighted, as advertised, towards the house. They don't even need to use any sort of trickery or rig the games in any way, it comes down to simple mathematical odds that will enable them to win over the long run. They also know that most gambles are much more likely to run their deposit balance down to zero rather than withdraw less money than they deposited. However they might seek to tantalize you with wins at strategic times, if they think that it can entice you to bet more, as ultimately they do have control of the whole backend system and can engineer it however they like.

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Quote from: Pierre 2 on August 06, 2023, 03:32:25 PM

Well gambling is a risky way of making money and our skills and luck determine our fate in it. But mainly luck part. When I feel lucky I always get greedy because I think that's life's answer to my desires. But logic should always be involved and considered. Even if you are the luckiest person ever in existence some gambling options are very very low possibility and sometimes you should rather pick lower amount of money too.

Gambling is not a reliable source of income for anyone; it entails a lot of risk and can cost you a lot of money, even if you lose everything. Luck is a key component of gambling, or more accurately, the basis upon which it is built. When it becomes uncontrollable, greed becomes a major problem since it always has the purpose of winning, which is a trap, I found about gambling. If you can't control yourself, greed eventually creeps in. Today, it's even getting harder to truly win, so experts advise that we always take our betting budget into account, even though occasionally taking a risk is the best course of action. Gambling is fun when played responsibly.

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Quote from: Gozie51 on August 06, 2023, 03:10:17 PM

Quote from: Maslate on August 06, 2023, 02:55:36 PM

What I want to say is that greed can sometimes be your friend because having greed is somewhat the same as having a gut but again, don't let it drive you as that will really put you in a situation that you never wanted. No need to eliminate it as greed is just like luck, you never know when will it hit you.

I accept that, greed can turn into a blessing. Sometimes we are persistent with what we believe in like if you try and keep trying because you see that light is at the end and at the end it may turn into good. Sometimes some gamblers are persistent in coming back to try after losing. I have witnessed much of this when a gambler losses in visual game and after losing much they still try the last game which turned out to be the remedy that brought them back to regain all the money lost earlier.

I may have a contrary opinion to the both of you, despite the fact that I agree with both opinion in some ways that greed can indeed be a great tool but more also when we want to discuss the subject of greed in any phase we must have to make a constant attempt to point out its negative effect in all our decisions because there is no way that greed will be over good for a gambler well being, even if he becomes greedy to have to continue gambling and eventually winning.

It won't still save him in the long run, this is because there is always a deep hole on the other side, so risking more is risking too much so there is no way that greed can ever be a friend in gambling.

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Quote from: Pierre 2 on August 06, 2023, 03:32:25 PM

Well gambling is a risky way of making money and our skills and luck determine our fate in it. But mainly luck part. When I feel lucky I always get greedy because I think that's life's answer to my desires. But logic should always be involved and considered. Even if you are the luckiest person ever in existence some gambling options are very very low possibility and sometimes you should rather pick lower amount of money too.

You are not alone,I do exactly the same,gambling deceives me the same way as it does to you.Whenever I am getting a great amount of money I think,now just a bit more and I am getting rich this time,I am already thinking what to do and what to buy with my money that I think will I win further on the game play.Unfortunately greed is a bad friend,the worse of them all,as it keeps you pushing to win more and more until you lose the very last cent of your money remaining once again wondering why did I not do that withdraw and to have some spare money at least.

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Quote from: Twentyonepaylots on August 06, 2023, 03:54:40 PM

Quote from: lienfaye on August 05, 2023, 09:12:12 PM

This is often the reason why instead of having some profit in gambling, we tend to continue playing for wanting more, believing we can gain more if we continue. Also happened to me many times and after losing it all that's when I realized the mistakes that I did.

True. Greed can really lead people to make unethical and irrational decisions. I once experienced this in traditional gambling. I was winning more than I was losing, but then I started to feel greedy and wanted to win more, so I stopped paying attention and kept my bets higher. As a result, I started to make mistakes, risking too much, and as a result, I started losing more than my winnings. My greed has overtaken me, and I left the casino with few in my pocket.

After that day, I regretted what I did and promised never to let greed control me again and stick to my limits.

All of us could do inevitably be able to experience out such condition if we do speak about being greedy on the time that we do have some gambling sessions on which its never been that something new or something that
could really be avoided specially when we are still newbie or on the time that we are just starting up. Even professional or veteran gamblers do really have this kind of characteristics knowing that there's really indeed a time
that your greed would really be kicking in on the time that you do see that you are really that earning money which we know that being lucky isnt something that could really be sustainable or do last on this space.
If you cant be able to handle out your greediness then it would be resulting into further actions which might lead into disaster on the time that you cant be able to control it. Normally we would really be experiencing out
the bitter situation of because of being too greedy but on the time that you have learnt up things then for sure you would really be avoiding this on next.

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Quote from: Maslate on August 06, 2023, 02:55:36 PM

Quote from: Josefjix on August 02, 2023, 11:50:45 PM

Quote from: retreat on August 01, 2023, 02:43:11 AM

Greed is something that is usually very difficult for gamblers to endure. Usually our feeling always says "A" but because of greed our choice changes to "B" either because the reward is bigger or for other reasons. But actually if we can control our greed for our choices, it can save us from bad choices, even though it's quite difficult, but actually we can train ourselves to control our greed. If we get used to restraining ourselves, I don't think greed will control us anymore.

Greed is one of the worst thing that could happen to any gambler, we just have to relaxed and deal with our challenges other than run from them. Most gamblers in the space exhibit greed; there is nothing we can do to totally eliminate it, but we can supply remedies to help lower it to a minimum standard. It is steadily depleting gamblers and making more room for account liquidation. Greed has caused many gamblers to miss out on huge earnings from the system, as they are usually hesitant in their activities and make sure they have everything in order before ending playing for the day.

It's not even debatable whether if greed can cause troubles or not because that is situational and it depends how you handle it, and not to let greed to handle you. And to start with, greed is already with us even before we start on betting specially after the fact that we are there to make money while entertainment comes second.

What I want to say is that greed can sometimes be your friend because having greed is somewhat the same as having a gut but again, don't let it drive you as that will really put you in a situation that you never wanted. No need to eliminate it as greed is just like luck, you never know when will it hit you.

I hear what you're saying about greed being somewhat like having a gut feeling, but there's more to it, isn't there? See, greed, it's one of those things, like luck or maybe even like bad luck, that you can't always control. But control it, and it's like a tool, yeah? But you know, even tools can cause troubles, especially if misused, misused like a screwdriver trying to hammer a nail.

I agree with you, in a way, it’s something that’s there, and if used right, it's like an advantage. But it can cause problems, real problems, if you let it get the better of you. That's where the situational part comes in, I guess. It's like knowing when to hold and when to fold in a card game, yeah?

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Quote from: lienfaye on August 05, 2023, 09:12:12 PM

This is often the reason why instead of having some profit in gambling, we tend to continue playing for wanting more, believing we can gain more if we continue. Also happened to me many times and after losing it all that's when I realized the mistakes that I did.

True. Greed can really lead people to make unethical and irrational decisions. I once experienced this in traditional gambling. I was winning more than I was losing, but then I started to feel greedy and wanted to win more, so I stopped paying attention and kept my bets higher. As a result, I started to make mistakes, risking too much, and as a result, I started losing more than my winnings. My greed has overtaken me, and I left the casino with few in my pocket.

After that day, I regretted what I did and promised never to let greed control me again and stick to my limits.

Pierre 2

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Well gambling is a risky way of making money and our skills and luck determine our fate in it. But mainly luck part. When I feel lucky I always get greedy because I think that's life's answer to my desires. But logic should always be involved and considered. Even if you are the luckiest person ever in existence some gambling options are very very low possibility and sometimes you should rather pick lower amount of money too.

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Quote from: Maslate on August 06, 2023, 02:55:36 PM

What I want to say is that greed can sometimes be your friend because having greed is somewhat the same as having a gut but again, don't let it drive you as that will really put you in a situation that you never wanted. No need to eliminate it as greed is just like luck, you never know when will it hit you.

I accept that, greed can turn into a blessing. Sometimes we are persistent with what we believe in like if you try and keep trying because you see that light is at the end and at the end it may turn into good. Sometimes some gamblers are persistent in coming back to try after losing. I have witnessed much of this when a gambler losses in visual game and after losing much they still try the last game which turned out to be the remedy that brought them back to regain all the money lost earlier.

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Quote from: Josefjix on August 02, 2023, 11:50:45 PM

Quote from: retreat on August 01, 2023, 02:43:11 AM

Greed is something that is usually very difficult for gamblers to endure. Usually our feeling always says "A" but because of greed our choice changes to "B" either because the reward is bigger or for other reasons. But actually if we can control our greed for our choices, it can save us from bad choices, even though it's quite difficult, but actually we can train ourselves to control our greed. If we get used to restraining ourselves, I don't think greed will control us anymore.

Greed is one of the worst thing that could happen to any gambler, we just have to relaxed and deal with our challenges other than run from them. Most gamblers in the space exhibit greed; there is nothing we can do to totally eliminate it, but we can supply remedies to help lower it to a minimum standard. It is steadily depleting gamblers and making more room for account liquidation. Greed has caused many gamblers to miss out on huge earnings from the system, as they are usually hesitant in their activities and make sure they have everything in order before ending playing for the day.

It's not even debatable whether if greed can cause troubles or not because that is situational and it depends how you handle it, and not to let greed to handle you. And to start with, greed is already with us even before we start on betting specially after the fact that we are there to make money while entertainment comes second.

What I want to say is that greed can sometimes be your friend because having greed is somewhat the same as having a gut but again, don't let it drive you as that will really put you in a situation that you never wanted. No need to eliminate it as greed is just like luck, you never know when will it hit you.

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It's true that greed is sometimes a factor to losing but not all the time. Some people tend to place all their hopes on winning a bet, some go as far as planning what that winning would be for and as such get tempted to go for an odd that has a slim chance of entering.
Like I said that greed can be a factor, sometimes it's not the game that was last added that might cause the game from not entering, rather in some cases it's the one with the small odd that has greater chances.

Another reason why greed can be a factor is when you don't know how to take in your winnings. Some feel that because they started the game with $50, they must win higher even after they managed to win like $30, that's where the greed comes in.

Topic: Greed can cause a lost bet, (true or false) - page 7. (Read 2276 times)