Topic: Greed or risk - page 3. (Read 2637 times)

They just want to believe in a better future that will happen in the course of their lives. Freud even said something similar: In essence, everything that he (the player in our case) thinks should happen only because he wants it. But in reality this does not happen, it is only fueled by our greed that sits inside us.

No one will explain this to these players because they simply will not listen to anyone, some of them are even obsessed with the thought of anticipation and the unknown that awaits them. The truth is that many of them will pay dearly for these feelings.

However, regardless of whether the betting slip really belongs to your friend or the image is saved somewhere else, it may be true or false. What is certain is that I often see the results of bets like that on various social media, betting slips like that.
For example:


The point is: I also think the same as you, just letting that much money sit there gambling, it seems too greedy for us, but it all comes back to each of us, It could be that your garden has a lot of cash reserves elsewhere, so he doesn't care about that money, maybe.

I watched so many interviews with independent gamblers - a lot of them! And for some reason, for some reason unknown to me, they always really believe that they will win back in the end. And the belief in this is unshakable, and therefore they bring bags of money into the casino with a smile, and then begin to take out loans.
At the same time, they do not have the thought that they are making things worse and worse for themselves. And when the time comes to repay old loans, these people take out new ones, and I think that they are about to recoup.
And only at later moments do some of them realize that it’s time to stop. Get a normal job and start paying off your debts

Such cases have happened several times, not even jackpot but just win of perhaps several thousand dollars has made them forget and become lulled into carelessness because of the desire to have fun and go beyond the limits.
They will only experience condition where the winnings will be useless and in vain because they will only be used to have fun and enjoy the nightlife with their friends.
But it natural because they are still young and still obsessed with having fun with women and also entertainment venues.

In fact, everyone has money management, it just that this management will be different depending on how much income they can earn in their work or business life.
Usually those who can only meet their living needs and standard lifestyle will have more mismanagement if they manage to get large amount of money.
Such as from winning lottery or from any prize they feel like they want to have fun like rich people by using the winning money.
Or even worse, because they have never had big win before, they feel luck is on their side and try to get the same win again and start betting bigger amounts.

I agree, if you are still young and manage to win that huge amount, there's a big chance that you may fall to a lot of temptation
in life, especially if you are not really use being wealthy.

Mismanaging your finances and possible of using it to something that will bring it back to any form of gambling, though chances also is possible
for responsible person to work more and grow his fortune.

It's a case to case scenarios in terms of greed and taking that big risk to add more for your money.

That's the problem with those sudden winners and I think that's where they should seek advice from those who are studying in this field. Financial advisors. Sure, they are expensive to hire but I do believe it's more expensive to just waste money from things that we don't really need. Somehow, these specialists can show us the right way how we can manage our financial accounts and assets.
There is always a chance that greed will be there and a gambler who won big from gambling might come back thinking he is lucky and will consume more money to test it out which I think is a bad idea.
Once we win an amount that may change our lives, it's best to stay away from gambling and then find a new way to make profits in which risks are not that high anymore. Investment, businesses, or whatever it may be that will give us passive income.

The main reason why majority of gamblers starts gambling from day one is to make money, and when they win only very little its very hard to be satisfied, someone close to me have once called a car dealer to buy a ride when the gambling match was still ongoing, and in the end he lost the money, imagine gambling doing such thing to you, I knew that people have high expectations from gambling that's why they are used to getting rammed by losses.

The lower your expectations from gambling, the better your results will be, and you will be able to control your greed too, people are too greedy, trying to turn $10 into a million dollars, they will add so many games on their ticket, hoping that all the games comes positive in the end, this habits ruins the mind and make someone lose hope on themselves.  

It's not easy to get rich, make sure your way is fair enough, not some superstition way of living, when I gamble with $10 I don't dream to net even a thousand dollars, I have took $20 profit before and I stop gambling for the day, it's free extra $10 and it's a win for me.

There is no if X then Y. Some people will feel superior to others while some people might feel the need to hoard their money even more after a big win. Human beings are individuals and make their decisions in different ways and under different circumstances. But experience has a lot to do with the course of action they may take in the future. I have the feeling that especially older people who didn't have much when they were younger tend to hoard more than others. But if you are in your 20s to 30s, have never been poor nor rich, and out of a sudden you win this lottery jackpot, I think a lot of things can go wrong.

That means it depends on how someone can manage their finances well and correctly, especially if they can get big wins. It will require careful planning to carry out. Having a lot of money from big wins from gambling will make someone feel that they are superior to other people and they will start buying things that they don't really need. They can still live simply as before and the money from their big winnings can be saved for other things. They are better off using their winnings for long-term investments that can provide big profits rather than buying things they don't need. By investing, they can have a source of passive income to prepare for the future and they can still live a simple life and there will be no problems.

I think that it comes more down to financial literacy and whether people understand accompanying costs that come with certain assets. For instance if someone wins a lot of money and buys houses and cars, that person might not have the understanding of those assets necessary to calculate long-term financial consequences and also short-term costs that could be inflicted for unexpected reasons or just reasons not known to the new owner. A lot of money needs a lot of planning if there is a lot of buying. If someone just leans back in their old apartment paying for the same stuff as before, life will be easy and wonderful.  

Self-control must be trained continuously, especially in gambling games so that we can know when to stop gambling. If not, we will only experience difficulties because we cannot stop and will instead spend all our money without being able to win. And even though we can win, it won't stop us from trying to win more and that means our greed has increased and we can no longer control it. And that will obviously make us addicted to gambling, which we cannot control because we just want to gamble for a long time. Playing gambling longer than before means we are taking a greater risk of losing money than before.

Yes, managing big winnings is not as easy as we imagine because we will definitely be tempted to buy things that we don't actually need but just follow our lifestyle so we won't know how much money we have spent to buy these things with money the win we got. This also requires self-control to be able to deal with the winning money that we get so that we only buy the things we need and save most of the money for our future or use it to create a business and invest so that we can have a source of income.

Many lottery winners waste their money in improper ways, such as buying things they don't need. Only a small percentage can really use their winnings well and prepare their future well too. These are the people who can change their lives for the better in the future. They don't mind if they still live simply with the winning money because they only think about their future with the winning money.

Yes, it is an illusion that the players around us are more successful and luckier than us. Many people’s character doesn't allow them to live with this and they try to refute it in practice and prove to themselves and those friends that we, too, can win no worse than them. This is where greed and disproportionate risk taken come to the fore. It has long been known that people tend to believe in something better, this is inherent in nature itself. But we must turn on our reason and remember that in this world, not everything is often so good and carefree. Gambling establishments will not waste money on everyone who wants it; there will always be more losers. And we must understand this very well.

If we discuss something in terms of hopes and desires then obviously it will always have no end, as happens in real life, usually we have difficulty in choosing about what is actually needed and what is wanted, often we are fooled because of these two things that usually unconsciously we prefer desires that basically do not really have a positive role / impact on our lives. It's the same with gambling, when people have high hopes following the desire to get something bigger then obviously they will prefer to increase the risk when in reality they can't accept all the consequences if they end up losing.

So in my opinion there are only two things that have the possibility to stop it, namely awareness and regret, realizing that everything they do including the mindset they carry is wrong and only makes them worse and with that incident there is some potential that makes them feel regret. If you gamble with high hopes and desires then obviously it is not entertainment that you get but a lot of pressure and new problems that arise because you are wrong in understanding the real gambling.

Yep, a gambler who gambles only to earn money from it barely gets satisfied with the winnings no matter how big the amount they've won is, they will always try to increase their winnings and in that pursuit, they lose what they've won if they aren't wise enough to stop at the right time and in most cases, greed takes over the mind of a gambler who is gambling just for the sake of profits and don't consider gambling a source of entertainment or a time killer for them.

People who are gambling for gains and have been losing constantly don't consider a win to be good enough if it's insignificant to cover all the losses they had to bear so far because they would want to recover their losses before they end the session but in most cases, they end up losing everything which will be the end of the session for them.

It might also depend on who that person is that won big once in a lifetime. If it is someone who knew forever how to deal with money, how to avoid buying unnecessary items and whatever else some could afford, then it might be possible that someone just walks away from gambling.

But there are many examples also of lottery winners who wasted their money in a way that at first seemed to be impossible. That's why I said 99.999% because I doubt that it is the overwhelming minority which would stop gambling forever.

Self-control is not something that you just say you have but a skill that you need to develop while playing, your good anticipation
plus, your understanding with the type of game or sports that you'll going to bet in.

Greed is always behind but with good control of emotion chances that you will enjoy the possible benefits of your gambling participation may occur.

It's more on thinking positively and not to be careless when opportunity is already in front of you, choose wisely and enjoy playing.

Yes, it is an illusion that the players around us are more successful and luckier than us. Many people’s character doesn't allow them to live with this and they try to refute it in practice and prove to themselves and those friends that we, too, can win no worse than them. This is where greed and disproportionate risk taken come to the fore. It has long been known that people tend to believe in something better, this is inherent in nature itself. But we must turn on our reason and remember that in this world, not everything is often so good and carefree. Gambling establishments will not waste money on everyone who wants it; there will always be more losers. And we must understand this very well.

Gambling is a psychological game with yourself as well as a financial one. This test requires discipline, risk evaluation, and emotional control. Isn't greed in gambling more about failing to handle these characteristics than gambling itself? Greed is an issue when it blinds us to chances and risks. To resist greed and respect gambling's uncertainty, you must adopt a mindset. Your suggestion about pausing after a loss to reestablish a normal mindset is crucial. For some, the line between hobby and addiction is dangerously thin. Beyond waiting until one feels normal, one must understand why they gamble. Excitement, escape, or something else? This reflection can be more useful than a halt. We often focus on finances, but emotional and psychological factors are also important. The goal is to have a healthy, controlled, and most crucially self-aware gambling relationship. Aren't these the true challenges for everybody who enjoys this traditional pastime?

If you can master good self-control, you can control yourself whenever you gamble, even if it is the next day, because you know that gambling is for fun and not to make money. Most gamblers will not stop gambling completely, but they should be able to reduce their gambling activities, especially when they start gambling too often. Actually, it doesn't have to coincide with a certain moment to be able to stop gambling because you decide when you gamble and when you have to stop gambling. If you can't determine it, you will have difficulties and it will result in losing money when gambling. Continuing to gamble means we take a greater risk of losing. And if we have won but don't stop gambling, it may be because our greed tells us to keep playing and we take bigger risks to face what we will receive later.

No gambler is greedy. Gambling is a game of risk and so deciding to participate in gambling means that you are ready to shoulder the risk. Mostly, bettors don't stake games to cash out the game. I always ask this question "How do you win big when you are always quick to cash out games at every slight opportunity?

Gambling requires patience and belief. These are virtues that will make you benefit from gambling which is as unpredictable as life itself. I always equate the uncertainties in gambling with that of life but notwithstanding those uncertainties have benefited most gamblers.

Every gambler has a target and a reason for every game he stakes and it would be unjust to address anyone as greedy simply because he doesn't buy into your idea of " cash out". I will conclude by saying, show me a gambler who won millions and I will show you a gambler who didn't cash out.