Topic: Greed or risk - page 19. (Read 2637 times)

Gambling involves both greed and risk since your friend has bet he has taken risk because he has earned a lot. A person is not lucky every time he is really lucky even after betting so much no one can guarantee a win in gambling maybe he knows the right gambling strategies. An experienced gambler analyzes the market and takes risks. He probably has a lot of confidence that he will win this time so he is taking a risky bet so that he doesn't have to regret it later. Maybe he thinks that this kind of opportunity doesn't come often not everyone will take as much risk as your friend and everyone will cash out after winning.

I think there is a misinterpretation from your image and the amount to cash out. That ticket was only a single match between Barcelona and Real Madrid bet which means tbe player staked ₦1,000,000 which is equivalent to $865 in dollar according to today's rate and expect Real Madrid to win as an away match of 2.74 odd. The potential win that player is expecting is ₦2,730,000 which is almost 3X amount of what was staked for that game.

You are not going to know amount that you can cashout until you touch "cashout" option, that's when you can cashout some amount and the cashout is dependent on how favorable your game has been. Since he bet on Real Madrid, they were winning toward the 70+ minute, if he want to cash out some amount, he will be allow but will be slightly higher than his staked amount. However, if Real Madrid was losing in that match and you feel like cashing out, you might get half the amount you staked. That's how cashout works.

Coming back why people cashout is all about how you feel along the way on your games. Some people don't mind to see their money gone because they believe so much in their predictions, they don't cashout even if they see cashout options in their tickets.

This is an individual choice and you will probably make different decisions in different situations, but whatever you choose, you should remember that when you cash out, the casino takes an additional margin from you. From a mathematical point of view, it is better to take a risk and find out whether the bet will work or not.
But of course, if this is a huge amount that you are risking once in your life (in this case, mathematical calculations regarding optimal behavioral strategies are not important), then it is better to make a cash out.

There are two sides to the story as there are two sides to the coin flip.Most gamblers would cash out that amount as most gamblers have not that huge amount of money to gamble with as a beginning and to them this bet slip may look like a one in a lifetime opportunity so if they were in the place of the bettor they would cash it out and be very happy about it.

The other side is that if the bettor has enough money only greed can be applied to it if  he let it run risking big to lose money,the one that bring huge risks is the greed but most likely the bettor applies in life the statement "huge risk,huge reward" and as such he does not cash out.

Well, most of the gamblers tends to be greedy especially if the desire to win is in peak, To the point thaf they will forget all the limitations and bounderies that they've set into theirself. Risk and being greedy has a difference because being greedy is you're not sure on what you are doing, what's on your mind is to gamble and to win, however when it comes to risk, you are aware on your decision and you think it so many time before you proceed on your plan.

Maybe there is something I am missing here, or not seeing, or maybe I am just plainly confused, somebody should please correct me just incase I am wrong..

I am not seeing where the cash out amount is written on this bet ticket, what I can see on this ticket is the Stake amount, which is 1,000,000. And then the pot. Win, which means potential winning amount, which is 2,730,000 . Where is the cash out amount written please?

I hope op is not referring/taking the Potential winning amount, as the cashout amount???

When it comes to gambling, a gambler is expected to be greedy in his decisions sometimes to be able to win big but one thing to be considered is if he'll be able to afford the effects of his greed when it doesn't go his way.
It's is the ability to take risks when necessary that makes one a true gambler. So wether greedy or not, the goal is to win at the end of the day

yes mate , that is the best action in this situation specially that we are not that rich to risk more , let those addicted gambler do that but we that have a great understanding about money? lets not to the same.
and hoping that the one who had that picture do the same , to save his good amount risking and crying after that result .
gambling is not for all the time ,  we have a limit in luck access so when you already have this then better to get out .

different people must have different opinions, some say that it is greed, some say it's a matter of risk. but i have the view that it is a risk. he took the risk of gambling the amount of money and hoped that he got the reward. maybe he has his own analysis and believes that he can win the bet. moreover, he seemed confident that the team he held could win so he did not hesitate that gamble of that much money.

It is the psychology of a greedy person becoming even greedier because of the opportunity to get money. Therefore, he runs the risk of losing his personal money. The casino is never at a loss, so all this psychological things have long been well calculated mathematically. Winning is much less common than losing.

Was your friend the one who placed the bet? It was greed if your friend didn't immediately cash it in because after all, your friend has already earned that much money and he still wants more. He would be truly lucky if he could win it to the end. But if not, he will only regret it because he has wasted this golden opportunity. He may not get such great results another day because that golden opportunity might rarely come his way again. If that happens to us, we should immediately cash out rather than wait until the end, where there is no guarantee we can win. But that's up to him because it's his money and we don't have any responsibility to him.

Well, the image shows that your friend takes the risk. We can't say that it is greedy, as shown he is that your friend bet a huge amount of money and if it was really his bet, then he earned a lot of profit, which is a good thing. As they say big risk means big profit, he takes the risk maybe because he's so sure about his bet. I'm sure your friend is not dumped to go into a bet where he will be in a bad situation. If so, then that's what we call greedy or, let's say, an irresponsible gambler. Imagine betting that huge amount of money on a bet. You are not sure if it will be on your side. That's too much risk. I'm like your friend if I'm sure about the bet I will too take the risk because why not, if I'm really sure about the odds then take it.

It's greed, if it's me I would have cash out and enjoy my win, I don't know why people go extra lent on something that they don't sweat on, this is free money we are talking about, the fact is nothing is free and that's why gambling seems hard, because we are all chasing free money, this isn't going to come easily compare to chasing life goals through hard working, this is why many gamblers always lose, because they are chasing free money.

Even after they win they still believe there is more, I don't know where they get their minds, hoping from something they break no single sweat on, when free money comes you take it with no complains, been greedy on free money is the most stupid thing anyone can do.

He is lucky this time but I am sure with the mindset he carries around he will be in trouble sooner or later, this method ain't going to last for him, he is a good example of a greedy gambler, they always learn after everything that's related to their gambling strategy goes against them.

It's not always about greed, someone who can afford to take the risk would obviously do it if they wouldn't be bothered much even if they lose the bet after not cashing out. It all depends on the mindset and the financial situation of the person who has made the bet, someone who doesn't have a lot of money and has used everything they had on the bet and is getting a good return would probably cash out before it's too late, but someone who knows that they can afford to take the risk and they might get a higher reward wouldn't do it, of course.

So, we shouldn't really judge people like that, whatever we think, we should keep it to ourselves since everyone has their own perspective for seeing things, and everyone has different situations and conditions in their lives that may differ from ours and we might be judging them based on what we are going through or thinking about.

Thing is, it's great and all to lock in your wins and earn your keep, but there are people who gamble for the thrill of it and not for the profit. Do we persecute them for making risky choices out of the fact that they are driven by the excitement that these types of games bring to them? I don't think so. Sometimes "greed" is good, but only if we're doing it in such controlled scenarios wherein you still greed for shit, but not necessarily for the money. Am I making sense lol, I feel like I got off into tangent.

In any case the only thing that matters really when you gamble is that you don't succumb to revenge gambling, once you're able to successfully get over that you're good to go.

Honestly, what should we, you, or gamblers actually debate about in their gambling cases, as is the title of this thread. the question is, what is the essence of the debate you have with your friend? What is certain is that it will only bring justifications for ourselves according to our habits and thought patterns.The point is, every gambler has different habits and also a different mindset.
In this case, the casino only offers the options they give us. there are only two choices, take it, or keep going.
For someone who thinks it is greed, let it be, someone has the right to what they think and even their habits. For those who are confident and have the habit of always waiting for the results until the match is decided, there is nothing wrong with that and it has nothing to do with greed.

But what is clear is that everything we bet on is always related to risk.
Firstly, we are well aware that betting requires money as a medium. Every bet always involves risks involved. Winning and losing are normal things. After all, aren't we well aware of the essence of betting? for anyone cashing in like you said in this post. There is nothing wrong with that, after all it is someone who makes the choice, and all decisions are in the hands of the gambler. However, if it turns out that the results of the match match predictions, someone must be sincere, because he has cashed in first. however, if it is the other way around, someone is lucky to avoid loss. In essence, every choice a person makes is completely theirs. As for the casino, they only offer features to their users.

For me personally, as soon as I make betting options. I won't check it again, let the game run until it's over. If I win, I'm lucky, if I lose, what can I do, it's all part of the risk anyway. the only greed in this case, a gamble that is not ours, we claim it to cash out. then, we ask for a share so that we can get money from the bet. By the way, greed has a broad meaning, depending on how we understand it and respond to it. Regarding risk, this is an inseparable part of gambling. Well, that's my understanding. If you don't agree with what I said, it all depends on our own understanding.

You need money? Be greedy and take that money.

You are not greedy? It's just the same as continuing to risk that whether you gamble that again. Are you confident that you'll be able to get that money again? If not, get it and think that the casino might get it back again from you.

Everyone's mindset is all about gettin that money because that's the goal of everyone who gambles and that's to win and take your money as soon as you get wins.

Whoever played the game knew the risk's involved and must have strong believe in Real Madrid. I also saw the post on Twitter from a punter.
Some years back when Real Madrid played against Juventus during that final, I saw similar high stake. I won't consider this greed no, whoever did was either expecting a win or loss and know what? He had he's profit Yeah?

Why rush for small penny? Lol! Good, though, personally if I did stake such a game, I won't cash out. The money used to stake the game even if lost won't affect me because it'll be easier to replace. I know the risk before jumping in. Congratulations to the punter, most of them showcase this to attract engagement.

  I won’t call this greed, he saw an opportunity and he was willing to take whatever risk that might be the outcome.. In gambling then is always two possible outcomes it’s either you win or you lose. No matter what outcome it may be it left for the person to bear. Everyone has the freedom to do what ever they want to do as long their decision is not affecting others. We should minimize the way we criticize others on their decisions. But then before one will place such amount on a bet he should have done his research on who is favorite to win.
 If the bet wins (which it did ) will you still call it greed ?  No!! rather you will wish why you didn’t play that’s how life is they won’t encourage you when you are starting but when they starts seeing results they will want to clap for you and even follow your footsteps. Without risk they’re are no rewards. But before you take any risk first know if the risk is worth taking and it’s effect it will have on you if it doesn’t go in your favor. Not every risk are worth taking, you just have to use your head in everything you do. That’s just the basic code of life. Your friend saw some potential in the odds and decided to jump on it. He would have probably done his own research in his part to warrant him to play with such amount. It will be all smile for me cause his risk was reward. That’s how it should be when we see opportunity knocking at our door we shouldn’t hesitate to grab it when it’s comes .

This is a dangerous bet and it is only people that have large amount of funds that can bet on this kind of game with huge capital. I don't see this kind of game as a greed since the player is believe to have enough funds to bet on this kind of game. Those who have the fund can bet on something like this with confidence and if they lose, they will have no one to blame. Gambling is more about the risk we are taking and the amount we want to make. If we are okay if the future results, we can go on but if it is the contrary, we can decide to leave it.