Topic: Greed or risk - page 20. (Read 2864 times)

Personally, I would let it ride all the way instead of cashing out regardless of whether the bet won or lost because I am a yolo punter and I live by the all-in philosophy most of the time in gambling.

He probably felt the same way too. You could say that I am greedy for sure in this situation, but it's not a con since I am willing to lose my investment.

If he was willing to lose his investment, good on him. If not, he is truly dumb as hell.

If it's your friend's WhatsApp status, maybe you can ask him whether it was his own bet or taken from the internet. You can also estimate whether your friend has that much money or not

In my opinion, whether you are greedy or not depends on the gambler's financial condition. If he has a lot of money of course the value of 1,000,000 is not that big, but if he only has that money and gambles using all that money in one football match then that is no longer greed but stupidity.

It's his money and it's his call, if your friend is ready for the risk then so be it.
We might see this as an opportunity already to take profit but your friend is still willing to go for more, and whatever the result is I'm sure your friend will be fine since he's more confident and responsible for his action. Being greedy is not that bad, sometimes if you see a good opportunity you become more greedy and it can be rewarding too. As a friend, better to just support him/her not unless if that decision can really harm your friend.

I wouldn't have said the same thing if I know that that person knows a lot more than me when it comes to the game that they're betting on.

I'm an opinionated man, though I keep my opinion where my knowledge is. If I think something is wrong with the trail of thought of the person I'm speaking with, but I don't have enough knowledge about the topic we're discussing, I'd rather go on his own way and not interfere anymore.

Perhaps there's something that that bettor knows compared to us. Perhaps he knows a lot of more detailed stats hence why he never cashed out. We'll never know until the conclusion of the game. Also, that feature from the bookies is a way for them to minimize their losses, especially if the outcome is already obvious and they want to persuade the gambler to think that it could go wrong really quick.

That bet ended up winning btw.

Giving advises wont really be that bad specially if he was your friend but it would be that ideal that you shouldn't really be forcing him on what to do because he does have the full rights on what he would really be doing in regarding about his bet. If he do listens then its good but if its not then its none of your business, its their money so its their right on how they would really be handling it out. There are indeed
people who are really that risk takers even if they do have the chance on securing profit but still they have decided to proceed further or could really be able to take up the risks.
Greed? Its totally normal if you are doing gambling on which its matter of winning and losing and since we do know that it is really just that good for fun then it would really be just that alright that you would
really be dealing with it. It is really just that important that you should really know on setting up the limits or else you would really be that messing up your finances.

Risk is there but its not really that needing that extreme thinking but rather it is really just that common sense on which you could really be able to avoid those risks if you are really that wary.
People do mess up their lives if they would really be losing off their control.

in fact, the advice you gave was very good to your friend because the potential for him to lose more while continuing to play would be greater, but I noticed that your friend is someone who is very brave to take high risks.  it will be difficult for you to give advice to people who like to take big risks because they will have made quite a large profit even though the capital spent is quite large, just look at how your friend lives in the real world, if he really still has a comfortable life and if he is not in debt and his relationship with his family remains harmonious then he is definitely a responsible gambler and able to manage his finances well, so let him stick with his thoughts.

If you check his screenshot shared. Cashout value is not visible on the screenshot so probably he mistakenly assumed that the amount in the screenshot next to the stake amount is the cashout value since the cashout button is right below the value on the screenshot he show.

I check too the game when I read this post and it really doesn’t make sense that cashout is available when the enemy team is already score since cashout typically not available after the first half.

That was a really exciting match, unusual in terms of scoreboard, but that's what you can expect from "El Clásico". After the first goal of Barcelona one could imagine a draw, and Madrid's goal confirmed this belief, but the comeback in the last minute was really surprising for almost everyone.

About the question you posed, it depends on the degree of aversion to risk, and it is not only very personal but also varies depending on the moment. You shouldn't argue with your friend because different points of view, as everyone has his own beliefs, and you might be surprised if you were in such situations.

In my case, I can't surely tell what I'd have done if I was him. When I see television contests I always think like "WTF, why don't you continue? you don't see that the potential prize is much higher than the misery you get if you quit now!?", but I'm sure that my feelings and thoughts would be otherwise if I was in his shoes.

This is not a form of greed but luck. and what is called greed in gambling is when someone has won a big win in a bet but he is not satisfied with the win because he wants an even bigger win than that. And in the end he again risked all his winnings in a gambling game. And we also have to remember that greed will never give us any profit, greed will only lead us to big losses in gambling.

This person has dared to do something reckless in his gambling by betting quite a large amount and indeed this is too risky because that person could lose all the money he bet in the blink of an eye. And that person is wise enough because he prefers to withdraw his money rather than having to spend the money again on gambling.

Gambling is surely not the topic of debate but it is all about how you see it personally. If I was this guy then I think I would have cashed out already. There is no point for me in going way further than this if I am satisfied with my bet. If it is in green and I see a clear b button with cashout on it then I am definitely stopping myself. I would usually end up taking a break after winning and might come way later to enjoy the gambling again. Most of the peeps in the name of gambling go way ahead in betting the amounts (greedy). The risk is when you start spending money that is not your expense quota or maybe it is getting deducted from your savings account. If that situation arises then man, such a person is not really thinking straight, and it's risky.  He can hamper all his finances in the blink of an eye when you trade or gamble to that level. It's not an argument of what you will earn by taking risks, but it's about what is being staked. Your savings? Your last-moment money?

I confess that I can't understand some things in this post. this barcelona game against real madrid was a game they played in yesterday. Barcelona scored the first goal in the 6th minute of the game, so the odds value for Real Madrid to win the game went up a lot and the value of the money that this guy bet went down a lot, I estimate that if he wanted to make cash he would probably only have 30% of the money he bet, meaning he would be left with a 70% loss. so it is not true that he could cashout in this game and make a profit. And I'll say more, Real Madrid tied the game in the 68th minute and therefore the cashout value would probably be around 50%, meaning the guy who made that bet would have a 50% loss if he cashed out.

another very important point is that real madrid only scored the second goal at 90 + 2 minutes and the bookmakers at 90 minutes they no longer offer a cashout option, at 90 minutes the person who made that bet could no longer withdraw part of the money (make cashout). So OP, this person who made this simple bet could not cashout after 6 minutes of the game, because he would not make a profit. This has nothing to do with greed, I think people need to understand some things before drawing conclusions. In simple bets, it is unlikely that anyone will cashout and make a profit. but in the case of multibet bets things are different.

in a multibet bet with, for example, 8 games, when the person gets 6 games right and 2 games left, then the person can cashout and make a profit. but in OP's case they are faced with a simple bet and a scenario in which it was impossible to cashout and make a profit. just look closely at the result of the game:

        -   Did you actually get into that argument with him, mate? After all, if he hadn't also staked a sizable sum of money, he wouldn't have won as much. Because I used to wonder when I was gambling, When Would I Experience a Big Win?

If I hadn't made a large wager, such thoughts and questions wouldn't have occurred to me. And I can't really win huge because the only wager size I ever use is the minimal 0.2 dollars, and the biggest win I've ever had using this bet size was just about 105 dollars, according to my experience.

I will also do the same thing if the amount I used to wager on the game was really nothing close to this available cash out. Since I have not had such a big win before seeing one like this, I won't want to waste the opportunity as the risk is just too much for me to take.
 
As I have come across many cases of others who have such opportunities of cashing out a large amount, due to how confident he is in the game, he decided not to cash out the game, but it happens the opposite way as the game didn't play in his favour, but that's what makes him a gambler. He has no regrets, and it's one of those things, and it was actually worth the risk.

Can you clarify if the currency on the betting slip is in $ or in your local currency because your definition of cashout balance is bit confusing. The cashout amount on the screenshot is not shown while you are looking at the potential win when the match is win.

I’m assuming that the currency on this bet slip is not in $ that’s why you convert it to USD.


The amount Stake shows how huge the bankroll of this user. The odds is 2.7 which means this kind of bet has highly chance of losing. There’s a lot of confidence on this bet probably due to his bankroll. Clicking cashout while you place this bet aiming to win the potential amount will kill the excitement. Your opinion is based on your personal preference since you don’t have that kind of bankroll but the owner of this consider this money as he can afford to lose which is why he make this bet.

Something that do talks about generalization just because he didnt make some early cashout/payout even seeing those opportunities and now its been called being greedy? You are right on which it isnt really that we
dont really have that or having no sense on making debate or argumentation or trying out to say that he had made out a bad decision just because he didnt cash out early even if already on profit.
We do have our risks tolerance on which it might really be that already enough for you to get out but the a dude or your friend who had made out he bet then he would be tending on cashing it out
on full odds thats been set.

Shots taken would really be totally be depending on you on which each of us does have that decision whether its been that involved with too much greed or still having in good control or moderation
towards your spending. There's no way that we could really be able to tell on whats the next move because each bettor does have their own actions basing up on what they do
have in mind since from the start. If he wishes to prolong the bet and doesnt really decided to cash out earlier then just let them be.

Why even engage in debate with him? That's his calculated risk and his decision. Those who can't handle risks involved shouldn't be gambling at all.

Besides, if you're going to call it greed, then I guess we (gamblers) are all greedy by your definition. I don't agree with that.

If that's not your friend's bet slip, then it's safe to assume that the person who owns that slip is someone who's probably not worried about losing the bet. Regarding your debate, I think you're thinking the same thing and you just have a different definition. What I mean by that is that you're already being risky if you're greedy right? So in a way, you're kind of disagreeing over nothing but that's to my perspective though. @davis196 already said what needs to be said

I believe the site this person used to place this bet is “sportybet” and the 1,000,000 you’re seeing there is not the amount he won rather the amount he staked which means that despite the ticket showing him cash out if he obliged to withdraw he will only be taking back the money that he wagered and sometimes the amount might even reduce so he might loss some of his money even before the game started.

Like we discussed in a different thread, there are some punters that use a huge amount of money that makes use think “what the heck is wrong with this person?” And to them it’s just a normal game for them. So this person that owns this ticket might have more than enough in his account to make 1,000,000 looks like normal 1,000 to him so to him it’s just risk noting more.

The question is not greed OR risk. Greed and risk have a direct correlation, not the opposite. Bigger greed leads to bigger risk and vice versa.
Some gamblers prefer less risk and bet more often, while others prefer maximizing their risks and profits(and making bigger loses, if the bet doesn't win). I guess that the gamblers who prefer higher risks are two types:
1.Gambling addicts, who start "chasing" their loses trying to recover them by taking bigger risks. I don't recommend this to anyone.
2.Rich people, who can afford to lose big time, and that's why they place big bets and take higher risks. The rapper Drake is one of those people.

This is the very definition of gambling though, you take that big risk in hope that you are going to win it. So it's really depends on the individuals and how he is carrying his gambling activities. I mean does he used to bet big already? And this is like normal beating for him? Or is he such a individual that is willing to risk and not cash out early because he is thinking of that big win?

So it's really hard to say whether it's greed or risk.

But then again, it will not be gambling for us, if we are not willing. And all we can do is hope that the gambler won that big. Because it that is us, then obviously we need all the luck in the world.