Topic: Greed or risk - page 16. (Read 2864 times)

I completely agree with you bud.

First, just as you have tightly said, in Normal circumstances or conditions, taking risk is good for it is the only way we get a chance at making more money, and gambling is not left out in mediums through which people can take risk, but then, I think the problems with most of us is that, we often don't know when a safe risk shifts from we taking risk to become we being greedy. That is, most of us lack understanding of when a risk turns into greed, and this is something we really need to pay attention to as gamblers..

Some risks can really be stupid,  and this is the type I personally assume to be greed, though it is true that some people's risk might or can be some other people's greed and verse versa, it all depends on how much money one has and how much he or she can afford to risk and lose in a game, for those that probably have made some money and continue to play, and now, above their normal limits, it's a pure greed on them, and this can cause them to lose even all that they have managed to earn, while for those who win, and still continue to play because, they still have more than enough money that they can afford to lose regardless, it's still a normal risk for them.

Their is something I always lament in anything concerning gambling and concerning predictions, if you belive that you will win a gambling game don't make a noise or blame anyone when you loss, because in this case I will not hesitate to cash out since the money I used for playing the game has being recovered from the game and I still make a profit so tell me what will delay me not to cash out the money, I have to cash out and take my profit and it's only the greedy person that will delay not to cash out money.

Your luck doesn't play out the same every time. So if you have won a good amount of money in your bet then just cash it out. Taking risk is a process of getting successful in life. But when you can't afford to lose what you have, it is the best choice to take whatever you have and live your life. In gambling, your skills and experience doesn't do a thing. It's all about luck and either you win it or lose at all.

Gambling is not a way of making money and making a living. Taking a risk in a situation like this is foolish. And at this point, it is not even risk. It becomes greed. And we all know what greed does to people. But if you are a person who already have more money to spend on gambling, then I think you can call it a risk. You already have enough and losing that won't affect you.
We can say that it varies from people to people. To some it is greed and to some it is risk. For me, I won't go for either and cash out to enjoy what I have.

Greed is something that we cant really be avoid on experiencing specially if we are really that engaging with gambling on which we do really know that it is something that a very normal thing to be felt when dealing up with something that involves money.On the time that we are on the verge of winning or profiting then it would really be that normal on having that kind of urge in speaking on going further or making bets even more specially if we are seeing that we are really that on positive. There's no way that  you could really be able to avoid such feeling since we are just that humans on which we are really that born naturally greedy.
It is really just that there are ones who are really that good on having that kind of control towards themselves and this is why we do see that there are people who are really that good in control
and there are ones who do really fail on doing so.

Basing up on the situation or condition that we've seen then its something that do talks about a matter of choice considering that if we've seen that early cash out thing
then it would really that a matter of decision whether you would really be cashing out early or not. It does really that depend on a certain gambler since not all would really be
that mindful when it comes to this manner on which if you do choose up on cashing out early then expect that winning amount would be less which is common sense
but if you are really that going for assurance then it would be that not bad on doing such step further.

I agree with what you say, but what you say is still debatable. Not always, gamblers continue to play because they follow their greed.  we also have to look at it and other perspectives, case to case. In gambling, it is complex, we don't just look at it from one point of view or just based on one story in this thread.
Well, there are a few different points from my point of view regarding addiction. Usually, those who are addicted to their main point are not how to win gambling. but more so, to fulfill his desire to gamble. Whether it's a matter of winning or losing, every gambler knows for sure that this is part of the risk. like another point you said, "psychological effects usually manipulate a person's brain like a reward system". which increasingly encourages someone to fulfill their gambling desires. whether you win or lose, the more addictive you become. So, where is the discussion point of greed.

IMO, to me these are two different cases that we can discuss if necessary. for the points below, can you say that we agree. but in the context of the OP's thread title, it's about greed and risk. the point is we have to look at it case by case, and cannot generalize. one more thing, greed is an inseparable part of human beings themselves. like emotions, which are always involved in whatever our activities are. especially when it comes to gambling.

It is true that we are people who can make a difference , in every game in every casino we can feel greed, greed, but those feelings lead us to become closer to Reason , because what we do is think about what we want to win and what we can do, to have more money, that is something that we must control, but what we Must feel is the Value of the Money that we are Betting, that is why Every time we stay in a casino we should only come to the point where the money We are betting, we are willing to lose, it is true, if what we lose does not happen, the loss is Assumed and , if not , the money will be won, then Congratulations, We have done Well and if you can Withdraw the money to enjoy it better.

In any case we cannot Assume that We are going to win all the time because we would be very wrong if that works like That , what we can do is believe that things can be handled in many ways, the bottom line is that we have to be case that we do not Let's lose the Money we Give you or Commit to doing anything, among those Things we can Generate while we are in a Lifestyle where the Main thing is to put Everything in context so that we are and have some Earnings , and When we are in a Situation like that the best It is to see this as if it were a Business, that is, let us settle for the profits, let them be few, because with few profits we can assume that some money is coming in, not as we want but something, then we must begin to assume what profits are Profits, and that there is no other, that is why when we are not in a Casino we have to control everything, the emotions the things that make us lose like Avarice , Greed, if we already have Something, that something is better than nothing, 'because not It can be assumed that you have Nothing when at least 1 or 2 Dollars have entered the account, or at most 5 USD in the Account, that for me is Profit and that Adds up.

We have also experienced this incident and several years ago my friend won a gambling bet on one of the online sites and he showed us a big win which made several of my friends suggest withdrawing his winnings. But what is quite surprising is that he actually made a mistake because in the end the winnings were all lost in the next bet that was placed repeatedly, that's why I say arguing with people like that has no results.

If we understand the conditions of gambling maybe winning that much is enough to make us stop gambling temporarily and withdraw money first. But it is different from those who are addicted because gambling activity is a game that has given them a level of satisfaction. Although in general people think it's stupid and they don't necessarily care about that statement.

See, if he followed your advice and cashed out he would have blamed you, your friend seems to be comfortable with his bets so arguing with a guy who is comfortable with whatever the outcome is, is pretty useless.

There are really gamblers who are risk-takers and they are more excited and entertained when faced with a situation where the winner takes everything, and your friend happens to be one of these guys.

We've seen people posting their winnings here and some of them are posting 5 or 6 digits, these people are proven risk takers so they are proud of who they are, and they find enjoyment with this, taking risks and showing off their winnings.
 

For us to take risk as a gambler does not mean that we need to be greedy. Greedy comes when we crave for the line of results we are very sure that we can not get even when we gamble with a lot of money. When we are contentious with what we have, that is when we can have full or partial control of greed freeing us from the probability of having loses that we should have avoided for a very long time.

 It is very important for us to work on the way we bet whether we have the habit of using smaller funds to win something bigger or a big funds to bet and win something huge, it is very important for us to stay safe from excessive or greediness.

You are right, gamblers are not going to stop and will continue to played despite winning big because of their greed. Perhaps people are build with it, I mean if you by chance continue to win then you think you can get more and continue to bet for more.

And then you suddenly fell into big gambling addicts and you think that you are invincible. So it's very hard to control's one emotion and behavior. It will take a lot from the gamblers to really stop their gambling habit and kick it out for good.

But sadly, gamblers often continue to play and follow their greed. We can say that the reason behind it is because of their addiction. AFAIK, when getting addicted to gambling, a psychological effect can stimulate a person's brain, something like a reward system, the more a person repeatedly does (winning or losing), the more addicted you get.

This state can be considered the same with compulsive gambling, causes of chasing your bets that lead to more losses. Even if the gambler pays attention to his behavior, nothing will still happen as he continues to disregard it when gambling.

Yes, it's true what you said, when they win, they should stop for a moment and rest to calm their minds so that greed does not occur which will make them experience huge losses. and that is a self-control by limiting gambling games.

But most gamblers do the opposite of what you said, they gamble with no limits until they forget the time when they have to stop. at this point they have begun to be consumed with greed that makes them addicted.
Only a few people are able to limit gambling, by withdrawing the winnings they get and not continuing the game because they already know what will happen if they continue the game by increasing the value of the bet.

Better to cash out to avoid risk no one knows for sure if a win will lead to a subsequent win then the funds are at risk of being wasted. And if you lose by cashing out but the bet still has a shot you will be able to cash out and reduce your losses to less than your bet. Cashing out can be tempting because it allows you to lock in profits or reduce your losses without putting any money at risk. Also creates opportunities to secure a portion of the winnings or as the odds change for or against you.

Everything will depend on each gambler and you said it right. If he continues gambling because he follows his greed, he will only experience more losses. Supposedly, when he can win, he can stop first to lower his tension and not follow his ego to win more money. And he could indeed lose all his money if he decides to continue gambling, especially as many gamblers have experienced this. Gamblers must pay attention to themselves when gambling and not be so engrossed in gambling that they forget when to stop.

Just as you've said, if one leaves then he's safe and nothing bad is going to happen, but staying back to continue is a display of greed and that is very risky because one will eventually lost everything to that same particular bet, the way we see bet isn't the way it appears, we take the risk in doing it, but when the risk becomes dominant than the advantage, it's better to withdraw before the worse should happen and we loose the entire opportunity.

I think what you said at the end is also what matters in this situation. Someone who can afford to lose a certain can take the risk and try their luck knowing that they can win a higher amount through the bet and even if they don't, it won't be an issue for them since they can easily afford to lose the amount they've used for the bet. Greed is when you know you can't lose the money but you still don't cash out thinking that you will double the money that you've bet.

You are also right that it depends on a gambler's profit appetite, some may become happy if they get even 0.5x of their bet but some might not be satisfied even after getting many folds because they usually aim for higher profits and they do it by risking the money that they've allocated for this purpose.

When it comes to sporting gambling, I think anyone who wants to be successful in it needs to be greedy at some point in other to be able to win massively.
That being said, I think there should be a limit to everything one is doing with the picture I saw, I think it's excessive greed which isn't advisable for your friend not to cash out such amount of money and considering the amount be used in staking the game. In sport betting, there's no game that's very easy to predict the outcome so it's greed taken too far not to accept to cash out such amount of money

It can be both, maybe your friend knows exactly what they are doing and they are simply taking the best odds possible for their bet and they have good chances of winning it, which seems to be exactly what it happened, however this does not necessarily discard the possibility that this was because of their greed as well, as betting that amount of money in a single match is simply too much, unless your friend is a professional gambler or he has way more money than that saved and they can allow themselves to make such bets.

Well I wouldn't blame the person if they wishes to allow the game play to the end, considering the fact that most people are very wealthy that even a lose of 1 million will not even affect them in anyway, so whenever they play a game and it gives them a reasonable cash out they don't bother considering it because which ever way the game turn out to be he will not be affected emotionally or otherwise.

So I cannot call it a greed but instead is a risk, but however if a poor man has that kind of cash out and refuses to accept perhaps we could call it a greed.

So for me in as much as I'm sure on the possibility of wining the bet, I will always accept a reasonable cash out if there is any because anything can happen.

This is a game,  no matter the amount involved.  Gambling is all about risk taking. Your friend is only trying his luck, if he wins then it's fine. And if he loses, its still his business. I wouldn't want to tag it as greed. Every gambler has these atom of greed in them, we always want more and we expect a win from every gamble whether we are Gambling for the money or for fun. If he is matured enough to accept the outcome of the gamble , then let him carry on. Gambling is risk.