Topic: Greed or risk - page 11. (Read 2783 times)

Sadly, there are more people in the gambling industry who cannot control themselves when they are winning and they are not capable of doing that because they are addicted to it. It's really hard to stop playing when you have all the means to do so but in reality, you need to stop and not be greedy because no one has ever been successful in this world when they cannot be satisfied with what they currently have. Rather they keep grinding until they lose everything because they even choose to take huge risks like gambling just to increase their wealth or to become rich quickly.

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I saw this image below on one of my friend's WhatsApp statuses earlier today. I don't know if the game was played by him or if it was an image saved from somewhere, but the image got me thinking, and we got into a debate because of that.
 
I was telling someone that if I'm the one to have such a slip and the game is already showing me to cash out such an amount of money, which is equal to $865 based on our local exchange rate, seeing such an amount as cash out available and leaving it will make me appear like someone who is too greedy, but the guy was telling me it's not being greedy but it's all about taking risks. The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.
 
Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.

If someone has won at gambling and he is still waiting for the gambling to end while placing a small bet then subconsciously that person will slowly run out of money because he is unable to control his behavior when gambling, he should go home and enjoy his winnings by having fun. And it is true that if someone is greedy, it is very difficult to have a good mindset not to continue gambling and we still often encounter behavior like this in the field.

I was telling someone that if I'm the one to have such a slip and the game is already showing me to cash out such an amount of money, which is equal to $865 based on our local exchange rate, seeing such an amount as cash out available and leaving it will make me appear like someone who is too greedy, but the guy was telling me it's not being greedy but it's all about taking risks.

It was still greed because he only used a small amount of money to place the bet but he rejected the winnings that were already in front of him by not cashing out because he still expected to get the full winnings. He should have been able to take the money and withdraw it to his account so he could celebrate his win even if he didn't complete the bet. But that meant more than him still waiting until the match was over so he could get all the money. Of course, it can wait until the match is over, but he should also be able to realize that he has bet with little money money and can get quite a lot of money. So he shouldn't be greedy to get more. He can also still bet on other matches and still have a chance to get another big win.

I can consider this being greedy if the gambler used money that was not his own to stake in that game, and he is already making a huge profit but doesn't want to cash out. Also, I will consider this greedy if the gambler used only $1 to stake in that game and has about $2k to cash out but refuses to.

Yeah risk can be good and bad at the same time,  but what is most important is to take calculated risk because that is the only way you be make something good out of the risk,  and for that, if you take risk for just risks sake truly it will end in regret because chances are there that you will make a wrong choice along the line regardless of what the outcome of the risk may be.

First, for a reasonable person,  there is no risk if it is not calculated and for such in some cases you select the risk you take and I think that is the smartest way to handle risks

And again, not all risks are profitable, some risks some people take are very stupid and uncalculated risks, even if they end up making something good from such risk, it's only by luck, some will call it grace.

But what i do know is that, 99 percent of stupid and uncalculated risks always end up on losses and disaster for the risk taker, so even though it's good to take risk, as we cannot succeed without taking some level of risk, it is also very important that we mind the type of risk we take, else, we end up losing the little we have managed to gather over the years or period of time.

Basically, greed is shared by all humans, even if we relate it to gambling. and we are well aware that greed is something that is not good and is not even worth emulating. the problem is, what is the difference between greed and risk in this thread. Honestly, I don't get the essence. When we discuss gambling, we cannot say that every gambler who bets with a large bankroll is a greedy gambler. because, it all depends on a person's ability and how much he can afford to lose. Plus, gamblers who gamble with high bankrolls are well aware of the risks.

In this phase, greed and risk become a part that is biased and confused from my personal point of view. I mean, referring to the thread of this post. but referring to what you said in this post, we agree and there is nothing wrong with that. that is a very bad habit. and the most appropriate point to describe greed is, we will be hungry to win more than average.
But on the gambling side, in fact this is a very common thing. We are gamblers, you will try to get the maximum limit of your winnings. after that, you will be more interested in getting more results. and that's natural, because we know very well that gambling requires capital and contains risks. so what it should be, I think this depends on how we look at it. if we think from the negative side, then the results will be negative. But if we think from the gambling side, then this is a risk. If you don't want to take risks the answer is simple, just stay away from gambling.

Sometimes you need to take risks to get something bigger, I see something in the picture is more about taking risks. Someone who always believes in his decisions will always be confident in the results obtained, he hasn't thought the way you think, there will be the right time to cash in and enjoy the results at stake. What is seen in the picture gives rise to different speculations, but the final decision depends on the owner of the money. His decisions are very correct based on his ability to predict, he will feel like the luckiest person because the risks taken are in line with expectations.

Sometimes you need to take risks to get something bigger, I see something in the picture is more about taking risks. Someone who always believes in his decisions will always be confident in the results obtained, he hasn't thought the way you think, there will be the right time to cash in and enjoy the results at stake. What is seen in the picture gives rise to different speculations, but the final decision depends on the owner of the money. His decisions are very correct based on his ability to predict, he will feel like the luckiest person because the risks taken are in line with expectations.

Sometimes you need to take risks to get something bigger, I see something in the picture is more about taking risks. Someone who always believes in his decisions will always be confident in the results obtained, he hasn't thought the way you think, there will be the right time to cash in and enjoy the results at stake. What is seen in the picture gives rise to different speculations, but the final decision depends on the owner of the money. His decisions are very correct based on his ability to predict, he will feel like the luckiest person because the risks taken are in line with expectations.

I am not sure what you’re trying to say but being greedy is a very bad habit. If you choose to gamble recklessly (take unnecessary checkjust because you’re trying to be greedy, you may end up with a lot of losses than can evertually grow to debts. Also you will eventually stop paying attention to the limits you set because you’re hungry to win more more than average.

Becoming greedy in gambling is a sign of addiction once the greed works in them after winning then they bet to get more and gradually it becomes addiction. When gambling consumes a person's thoughts actions behaviors and behaviors even after repeated attempts they cannot be stopped from doing so. Then they harm themselves and get involved in various evil deeds the addicted person wants to satisfy those needs at any cost and wants to gamble do not act without feeling regret later.

It is very difficult not to do things like that as you say, because generally at least when I was a rookie I always made the mistake of chasing my losses and what I gained was more losses, so in this order of ideas we are the people who are more responsible in every sense for what we do and what we can do later, so sometimes without meaning to but out of mere instinct we seek to correct errors immediately and in a casino we seek to correct or put everything back on the ground of obtaining again winnings to recover what was lost, well that does not apply, because mainly when things are very hard in a casino, people resort to returning to recover what they have lost and that is the main reason in some cases that addiction exists, copsa Which seems a little silly to me because a person who is in a casino must understand how things and the money work there, this is something that can be quite understandable.

When a person enters a casino, they must be clear about what they can do, but they must also understand the fact that the house always wins, that the fact of putting a lot of money in a casino does not guarantee that they have to win because they put in a lot, The casino has its own way of obtaining profits, this is why we are always going to make the difference, each time we go to play we must understand this, apart from making our own plan, the last thing to do is :

1.Have a total balance to lose.

2.- Have an autocontrol, the autocontrol must go from the first moment you register or enter a game and bet responsibly because you are not going to bet everything in a single shot, because it is easier to do without anything.

These are also things that the rest of us should learn, there is no other way , for me it is very important that a person educate themselves before entering a casino, and thus avoid losing money Unnecessarily.

this scenario you are talking about may be more indicative of an early sign of addiction than previously experiencing greed and an uncontrolled gambler indulges in greed and loses more and then he will feel regret but continue to gamble with the aim of chasing his losses and regret it again until in the end he feels frustrated. and doing other things that are detrimental to themselves, such as getting drunk and when they come home feeling sorry and their thoughts are influenced by alcohol, they often end up getting angry with their family.
In this case, greed is the beginning of addiction. If you cannot ignore your greed, a gambler will slowly turn into a bad addict.

I am not sure what you’re trying to say but being greedy is a very bad habit. If you choose to gamble recklessly (take unnecessary checkjust because you’re trying to be greedy, you may end up with a lot of losses than can evertually grow to debts. Also you will eventually stop paying attention to the limits you set because you’re hungry to win more more than average.