Greed or risk - page 21. | Bitcointalksearch.org

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Quote from: Orpichukwu on October 28, 2023, 06:37:55 PM

The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.

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.

blckhawk

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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

Quote from: davis196 on October 29, 2023, 03:31:05 AM

Greed and risk have a direct correlation, not the opposite. Bigger greed leads to bigger risk and vice versa.

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Quote from: Orpichukwu on October 28, 2023, 06:37:55 PM

Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.

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.

davis196

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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.

TravelMug

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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.

piebeyb

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It seems that this is yesterday's match, so it's probably not a saved image and he seems to have won so there's no need to match your point of view, after all no one is greedy when we withdraw our winnings and that's the right choice, maybe it's a friend's Whatsapp status you bet because he is a Madrid supporter so he bets for his favorite club, so there is no problem with that, everyone has a reason to risk all their money to get money from winning, I also often bet all my money and that too is full of analysis so I don't bet carelessly .

Moreover why should you discuss other people's bets, he is not harming you and betting with his own money taking his own risks so it is his right to bet and win that bet, I don't think you need to find out more about other people's wins and care about it because I often I saw a lot of people making Whatsapp statuses about their victory and I didn't care about that. Grin

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Quote from: Orpichukwu on October 28, 2023, 06:37:55 PM

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.

Not all gamblers are the same some can take small risk some can take high risk some wants moderate winnings and some are greedy to want more, if your friend wants to go for more because he is comfortable taking a risk then let him, it is money that he is using, some gambler does not look on winning but they look more on being challenged not on winnings.

I never debate with my friend when it comes to gambling his money, I can only suggest and offer him different scenarios if I see that he will be comfortable with the outcome he knows that it's possible to lose everything and he understands the disadvantages of going against a house edge, I just let him decide for himself
I just want him to be mature enough to accept the results and consequences.

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Quote from: Orpichukwu on October 28, 2023, 06:37:55 PM

Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.

I believe the person who owns this slip might have a good reason for not cashing in their winnings. Most of us would cash out because the amount they bet was very large, and they were very lucky to win. We shouldn't judge them because they likely understand the game well to use such a big amount. Personally, I would take my winnings and perhaps think about betting again later.

lienfaye

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We have different perspective regarding this so it depends on your own view since we have our own way of thinking. Anyway, IMO it will be called you're greedy, if you already had more losses and that's your chance to get some, yet you still push through, that's greed. However, if you're fine regardless of the result and still want to continue that's taking risk so it depends on the situation. The point is as long as it's your own money that you didn't owe to anyone then I don't see a problem.

If it's me I better cash it out rather than continue. Because this amount is already there, should I let this pass by? I don't know what would be the next result and it can turn to worse therefore I will not hesitate to cash out.

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Quote from: Nrcewker on October 29, 2023, 12:37:18 AM

Definitely it’s subjective to be honest. It varies from person to person. I won’t say that it’s pure greed, as when the payout it high, definitely the game was in your favour. So it’s obvious that the gambler will take more risk to make the most profit out of it. It will be useless if you fear in the mid game and cash out the bet. Yes you are taking some risk here, but you need to understand that with the risk intake, the profit also increases. So according to me the gambler took the wise decision.

And if you are very sure about your bet, then, high likely that you will push this bet and not cash out.
You will only cash out if you have the feeling that you are gonna lose the next bet.
Of course, you can always cash out if your bet still allow you to do that, because in most cases, bookies won't allow you to cash out for certain period as the game is fast progressing.
Either decision on this matter is all yours - your money, your choice. So you don't have to worry about what will others will say to you on this regard.

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Definitely it’s subjective to be honest. It varies from person to person. I won’t say that it’s pure greed, as when the payout it high, definitely the game was in your favour. So it’s obvious that the gambler will take more risk to make the most profit out of it. It will be useless if you fear in the mid game and cash out the bet. Yes you are taking some risk here, but you need to understand that with the risk intake, the profit also increases. So according to me the gambler took the wise decision.

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Quote from: Orpichukwu on October 28, 2023, 06:37:55 PM

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.

You cannot judge anyone's actions in gambling. Everyone has their views, budgets, and targets for bets. What you perceive as greed might be seen as a risk by another person. The people who cannot afford to lose such an amount will see it as greed, while many who can afford to lose it will see it as risk-taking. I know if he loses the game it will bring much regret but on the other hand, a win makes him a celebrated gambler. I don't think I will fail to cash out immediately if it gets to this sum because it is already a big win for me.

Richbased

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Well everyone have their play pattern as some persons like single bets with huge amount why others prefer accumulated games with little amounts. So for me, he isn't greedy because one, he also wants to win about double of his stake and secondly before he played that amount it must be that he has more than the amount he staked and the staked amount may also be his betting budget so whether the game plays or not he will still be alright.

Now the game is less risky since it's only a single bet as all his attention will only be focused on the game as he didn't make accumulation that he will start monitoring their outcome one after the other before he confirm his winning, from what am even seeing, it looks like a won bet so kudos to the player as he's about #1.73 million richer.

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It all depends on the gambler point of view because everyone will have different thoughts just like you and your friends arguing with each other because of differences of opinion.
If we are normal and wise gamblers we will definitely think something like this is greed, but for those who are addicts True gambling would be said to be form of taking risks because they are risking it to make the biggest possible profit.

But if I see the value that can be obtained then I personally will be more interested in it and take advantage of what I can get.
This is such big amount that even some gamblers would call win like this a big win, it would be bit of an exaggeration not to take it.

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Keep that word "greedy" if you would judge to yourself only. We never judge a gambler for what they're doing because they have their own intentions. They might be betting only what they can afford to lose, if you catch my drift. Maybe you find the amount significant, but from the gambler's perspective (the one with the bet slip), it's seen as an opportunity to win big if they don't cash out the bet.

The phrase "bet what you can afford to lose" applies to everyone, but it varies for each individual user as we all have different financial statuses and risk tolerances.

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If you only see your friend's WhatsApp status and it's not yours, you shouldn't comment or argue with your friend. You also don't know whether he placed that bet or he got the picture from somewhere else and put it as a status on his WhatsApp.

But if you place a bet through your friend and it is your money, you can ask him to close the bet and take the money. Greedy or not greedy or it's all just about taking risks. Only your friend knows because he's the one who posted the WhatsApp status.

You can go to his house to ask for an explanation about the picture but that's not necessary because that is not your business. But if on another day, you place your own bet and you get that amount of money, you have to close your bet and withdraw the money.

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in that case (but in general if I can cash out or I have One vet with High staking) I would simply cash out without wasting time and risking a sudden change in the game.
obviously it depends on how the bet goes but it is always better to be on the safe side and avoid any risk...

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since the amount already grow more than a double, it only means he is about to win huge so why cashout instead. it don't make sense. they only do that when they are not confident anymore but usually when they cashout its almost guaranteed more than half the amount is lost.

if it were me its a win. and let the game end to celebrate victory. the odds is quite not the teams favor actually so he is rooting for the underdog.

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Quote from: Orpichukwu on October 28, 2023, 06:37:55 PM

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.

This will never come to a debate mate because we all have our own ways and target
wins , or ability to risk those are the qualities need to consider before decisioning what is good or bad.so let that slip owner decide for himself.

Quote

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.

That is if you are the one whos playing , but what if the owner wanted to win thousand
dollars ? or have you wonder how much have he deposited that day ? how much he have lost and how much is his target recovery?Come
one man 800 dollars is just a peanut to many gamblers trust me they care not that big losing that.

Quote

Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.

i use to win more than a thousand dollars and cash out only 400 dollars and let lose the remaining lol.

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Quote from: Orpichukwu on October 28, 2023, 06:37:55 PM

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.

"Appear too greedy"? That's not a thing, why would you give a damn about what others think of your bets? It might be a different thing if you were spending money from others like a madman, but if not, then really it's not anyone's business to care about it unless asked for. The other side didn't even need to entertain you ngl.

Honestly, this only becomes an issue if and only if said gambler has problems with money. Say if the money came from debts, or from family, then admonishing him can be possible regardless of whatever reason you have, anyway it's good for him. If not and he's living rather well and balancing it? Just let him be.

Topic: Greed or risk - page 21. (Read 2637 times)