Topic: Greed or risk - page 15. (Read 2637 times)

You know what? Gambling is a beast that wants to destroy everything. It's a serious business where the house always wins, not just a game. Your friend, I've heard this scenario far too often, was dealt a poor hand. People don't talk about their gambling because it's like a shadow following them around until it eats them up. Now, this forum is full of these kinds of sad stories. However, it's a good thing that they're shared. Why? Because each of these stories is a neon sign, just as clear as the neon lights of Las Vegas, warning off. These are not merely heartfelt tales; they are harsh, painful, but essential teachings. To show what gambling is really like, we need to talk about the loses as well as the wins

Regarding your friend, it's harder than most things to start over from scratch. However, it's not impossible. It's like a business, right? It is essential that you own a well-defined approach and stick to it. No taking short cuts or waiting for good fortune. It's about working hard and choosing wisely. You can help by being there, giving advice, and speaking up when the urge to bet comes calling. That's how one makes an impact

yes, that's just some people, and I'm sure there are still many people who are responsible for their gambling, who still care about their financial health and don't really expect big wins at gambling because of that.
It's impossible, like looking for a needle in a haystack, even though getting even a small profit is already very grateful.
I personally take more into account the expenses I will use for gambling, limit my finances to a minimum and don't chase losses when the money I use has run out.

The gambler don’t know the exact result from the gambling bet,So they can withdrew from the game any time.But the gambler who accept the risk in the gambling had the big win in the gambling site.The gambler should understand the opportunity in the gambling sites.Many people get rich using the gambling site,but some people also loss their entire money to the gambling site.So the gambler should not to be greedy in their game in the gambling sites.If they get greedy the gamblers emotions will added to the gambling bettting,So it may leads to the loss for the gambler at the end of the game.So avoid the greedy and emotion in the game.

I concur, if the OP was talking about someone they do not know then we may say that it is none of their business how someone else spends their money, but friends are supposed to call each other out when they are stepping out of line, as by doing that you can help a friend to stop a behavior that could ruin them early on and decrease the damage they could do to their lives in this way, however when your friend conceals everything about it there is no way to help them, as it seems to be the case on the story you share with us.

But some people cannot be careful placing their bets because they are tempted to use big money bets, so they try it. And when they lose, they become curious, so they want to keep trying. In this case, they have taken a bigger risk because they have bet with big money, so they also lost a big amount. Supposedly, after their first loss with big money, they immediately realized that this was a mistake and had to stop or reduce the amount of their bet immediately so they could continue their gambling game. But what's better is that they can stop gambling to calm their emotions because losing large amounts must be painful, and there must be a desire to recover from their losses, which will not be easy.

That's cold, it's always not anyone's business until they lose everything, and would have been better if they swallow all the pains that comes with it, but instead they will create an account on this forum only to share their bad story and how their life get *uck up by gambling, I don't see anything wrong in what Op is sharing, some gamblers are truly reckless with gambling and it's not bad using them to make examples on the forum, I have a friend who we never thought was into any gambling until he lost everything when gambling and he end up seeking for help, we were all surprised because we don't even know.

At the same time, I recall how secretive he has always been, that's who he is but if he has voiced out about it I would have just warned him about gambling and maybe give him some guide that will safe him from getting totally wrecked like what happened now, he is starting from the beginning again, like how much can I help him compare to if he start gathering the pieces all by himself?

Do not feel like you are always in control, that's when you should be more careful, my parent always say that I should be careful when I believe that I am standing, if I am falling I won't even notice it, this is the case with gambling, especially when you win once or twice, you will feel kind of special like a God of gambler, the fact about gambling is why I know how to avoid it's mess.

It could be quite the opposite of what you are describing, but there is no fixed rule as to how players with or without experience would play. I think first of all it is their relationship with money and how they treat and value money. There are very different characters out there and this is a great example when someone wins big what to do with it. There is one group that says that money won is money earned and hence can subsequently turn into a serious loss. Whereas another group might say that whatever they won isn't really part of their wealth and they keep treating it like play money. If they lose it all, they argue that they haven't lost any because it wasn't earned in the first place.

Someone goes up 1 million and then loses 1 million, says: - 1 million
Someone goes up 1 million and then loses 1 million, says: nothing lost

Yes, it is possible and quite reasonable, because usually someone will be more aggressive in gambling when they have already had a big win, in the way of preparation is also quite different between those who are beginners and those who are already quite significant about their gambling involvement. For those who have had several big wins usually like I said they are more aggressive as in how to gamble and put a budget because small wins don't seem to mean too much to them and also yes of course they will increase the amount of bets.

As for people who are still quite new to gambling or for example have never had a big win according to them, usually they will be more careful in gambling such as paying more attention in terms of the amount of budget that is not excessive which indirectly the risk taken is also not too significant if they end up losing. But basically I wouldn't say that's entirely true because for all the gambling they do it depends on themselves especially in terms of their goals of coming to gambling. Of course for those who cannot control themselves in gambling it will be very dangerous because addiction will continue to follow them, and also yes maybe the amount of control will continue to increase because they cannot put limits on when to stop from that activity.

But would you also do the same thing when the odds were on your side in bet?
Everyone needs lot of consideration whether to continue or stop and take most of the winnings because in the future no one will know what the final result of the bet will be.

Talking about opportunities actually does not guarantee victory and there are many incidents where team has succeeded in having an advantage and has big chance of winning but it is not finished because there is still time left and in the end there is a big surprise that makes the superior team lose.
This kind of thing should be matter of concern and learning that everything that looks like it has a chance may not necessarily end well.

Here I agree with @Kelward in his last sentence and the decision he made is the first step to staying safe and being able to have or maintain a number of benefits that have been obtained.

Those who have never experienced a big win in gambling will definitely be very careful in placing their bets and they will also make good decisions in placing their bets because they don't want to lose from the bets they place, while those who don't can control themselves in gambling, of course they will play without being able to control themselves in placing their gambling bets so that they will experience defeat more quickly in the gambling they do.

In a debate there is no winner. Both sides of the argument are right. I didn't even see the need for such debate because what one person calls greed may be regarded as a risk for the neighbor and what the neighbor calls a risk may be regarded as greed for the other. A person who hasn't made such a huge amount may call it greed while someone who has had repeated amounts of such wins would call it a worthy risk.

I seems to understand your point and I agree with that. Probably the money staked is not too much for him and he can afford to loose it. One thing I also realise from this might be that the bet was in solidarity with the team he supports,  his was of showing that he believe in the team. Even though I might not go with his decision, he came out right after all and made more money than he would have made if he had cashed out the bet.

When we look at betting slips for really big bets it can have two reactions. Some will ask to withdraw money from bets, while others who like to take risks will focus on taking risks. But my personal opinion in this case is that if someone is in such a position and has the condition to take the risk then he can take the risk. Because betting is a simple act of taking risks. Even if he doesn't take risk now, he has to risk another bet. It is not possible to win in betting without risk. Here greed and risk are at the same level. But the common expression that can be found when losing a bet is greed. Everyone then blames greed. So the gambler is the only person who can make the proper decision.

They should be able to overcome their greed so that it doesn't make them addicted to gambling because it will clearly have a bad impact on them. Yes, they don't realize the losses they have suffered so they will continue gambling and even though they experience more losses, that still doesn't stop them from gambling. Maybe they have to experience losing all their money until there is nothing left before they can stop, but that also doesn't guarantee they will immediately stop gambling because they can deposit other money to continue gambling.

Chasing the win will only lead to more defeats because they will never know when they can win so they should be able to learn from previous experiences where if they keep chasing the win, more losses will come to them. And yes, it is the dealer who will get a lot of money from people like that because the dealer only has to wait for his time to collect all the money lost by the gamblers and that is the profit that the dealer will get.

and to add, some of those gamblers who won't cash out know that they have very high chance of winning particularly those who live and breath such sports. so i guess, it is not about greed but the chance also about the bet. if you have the feeling you are on the winning side, you won't cash out.
but of course, if you want to make sure you are going home with some cash, you can cash out before such opportunity expires as there are only certain period that you can cash out.

Greed or risk, I think that it depends on the mindset and financial strength of the gambler, because what you're worrying about for him might be his adrenaline to keep going in the game. Some people are natural risk takers, they'll want to finish the game no matter the outcome, it doesn't matter to them if they lost, so far they won't lose more than the amount used to place the bet. While others will cash out, out of fear of losing everything, i believe that most reasonable gamblers will fall into this category. Another category are those that very rich, they don't care if they will lose the bet, and cashing out is not an option for them, they're just in it for the thrill.

Personally I'll cash out if given the opportunity to do so, because if i don't and eventually lose the bet, I'd be very heartbroken and blame myself for being greedy. This is probably because I'm not rich, if I'm rich and lose a bet, it'll likely be  risk for me.

Not everything as such should be tied to greed, in my perspective from what at looking at this gambler decided to take a risk , a risk that not everyone will want to take therefore it doesn't mean it's greed. He didn't placed his bet with an initial intention to cash out in the middle of the game for an amount below the total he had hope for to win.

Life in general it's about risk, we should not perpetually get satisfied and accept every little thing we are handed out when we have an option to take a risk and probably have it in full. Just like what we saw about the result of this game it eventually played to the favour of the gambler.

Betting should never involve greed, especially in sports betting where we'll only find out the outcome once, with a predetermined multiplier. I see this as a risk in betting. When someone chooses an underdog team, they need to bear the associated risk. On the other hand, greed is when, after winning one bet, you want to keep winning more bets or on other matches. As long as you only have one betting slip, it means there's just one bet taking place, and in my view, that's not greed.

I often bet on strong teams like this, and winning and losing is something that happens regularly. As long as we can control our emotions over lost money, it's safe for our livelihood. For anyone, $800+ could mean a lot or a little because the value of money is relative. If your friend earns $100k per month, it means that the bet is relatively small, right?

The greedy was the mistake made by the gamblers in the gambling,becasue once the gambler had won 250 dollars from the 100 dollars as the initial.Almost all the gambler will get greedy now,because they try to multiple the money to 1000 dollars from the 100 as the initial betting.So they get loss the full money by the algorithm of the gambling site.Once you get the chance of winning,you should use it wisely and cash out the money with the profit.So this was the professional gambler move,they are safe with the profit by withdraw the funds,but holding the fund and losing your luck will made the gambler end with zero dollars.

If am the one that owns this bet slip I will cash out, my reason for cashing out is the risk involved, this bet has a high risk, staking a bet with 1m with a potential winning of 2.730m is very risky and I won't go for this, despite that sometimes it works exactly this way, this is a no for me unless I won't put the loss into consideration which is not even possible, no matter how rich you are, when you lose money you will feel it, minimizing your risk and maximizing your profit in gambling will help to avoid much loss in gambling, remember prediction is not a sure thing, it is just what you instinct feel at that time but mind you, your instinct doesn't say the exact thing most time, so don't be a greedy gambler.