Topic: Greed or risk - page 4. (Read 2864 times)

Greed is one primary evil that needs to be defeated by all gamblers,  this is because many at times,  the negative reports of cases of gambling addictions all start from the gambler's inability to control their greed and also put them in control and check,  so many time,  the gambler just play based on his feeling and expectation from the games and this expectation can be sometimes misleading.

Because for a gambler who already made a decent winning,  to now want to continue gambling with the expectation of that he will make more winnings,  this will only lead him to multiple losses which if not controlled could be called a deformity since their mental balance is not near accurate to discover that,  gambling shouldn't be taken seriously.

Failing on control your greed on the time on where its on peak specially when we are on winning side, then it cant really be avoided that we would be thinking that we should be playing
even more to get more winning. We are just humans then it would really be just that so normal that  you would really be thinking up this way or the emotions would really be kicking in on the time that we are in on such condition on which its inevitable. It would really be just that a matter of choice on how someone would really be that taking up corresponding actions basing up on the situation.
You would really be finding up yourself getting wrecked in longer runs if you do let your greed control you and this is something a very common scenario on gambling field.

Well for me, I may not take a total exit from gambling if I make a big win or hit a jackpot but I may likely take a short break from active gambling and for that, I may take a month or two to enjoy my winning and also limits my loses at all time, because by continues playing,  you may end in more loses at some point, then also greed may set in at some point in the process of being actively playing while you already made a winning.

Sometimes, what leads gamblers to lose more than they win is their inability to defeat their greed tendency and also chase a particular direction thinking that the result will repeat itself.

I see things in the same way, while I do gamble from time to time if I was lucky enough to get a massive win you can be sure that despite my feelings of gratitude towards gambling due to such a happy occurrence, I will make sure to not gamble again, since I know very well that one of the most common mistakes gamblers make is to let greed control them, and they keep gambling hoping to get even more money from the casinos and lose it all during that process.

Well, it's OK that you used 99.9999 percent and not the word "all", because personally, I believe that it is very possible for a gambler to leave gambling and never try gambling again, ever, if he or she hits it big and manages to build a good business with the money.

Atleast, for a fact, I trust myself that, if luck locates me and I win up to a hundred thousand dollars from gambling tomorrow, I may never gamble again to be honest, except for what ever reason, I mismanaged the money, which is not possible at all, or that for what ever reason, my business isn't going well, which also Is not possible.

Overall, any gambler who is not addicted to gambling does have the potential and capability to quit gambling and never gamble again, but then, the need for more and more money will be the only reason why the gambler will keep coming back and back, over and over again.

"Like a fish swallowing a bait" your scenario is very good at explaining things quite simply but clearly. Gamblers think that by winning everything will be over and they will feel great in that state without knowing that everything has just begun. If I were to give you a choice between $10 or $100 which would you choose? I know the answer would be to take the $100 because it's obviously a much bigger amount than $10, the same with someone who has just won money in gambling, if they get a $10 win they will think that "the win can be increased and more than this", they assume that it is a condition that will really give them a big win so they will continue to get their first $100.

Basically even if you withdraw $10 for example, you won't be able to escape or avoid the curiosity that is getting higher, in the sense that the next session your expectations are no longer about $10 but $100. This is the initial cycle of someone before entering the addiction phase, there is something like nicotine in their mind which means that the addiction begins to grow and emotions begin to increase because the answer in the second session is not what they expected. Impatience, loss of control, greed accompany them.

Basically gambling addiction can come or start from anything, even from the smallest things it can have an impact on gambling addiction, like your story here which starts with a jealousy that it turns out that they are not as lucky as their other friends in terms of winning gambling at the end of the session, and after that because of a sense of unacceptance that they are not as lucky as their friends, they will very likely make several attempts or even dozens of attempts in the hope of achieving satisfactory results or big wins to prove to their friends that they can also get big wins.

But will it happen? yes it is possible but the problem is how much money they have to sacrifice just to get such results, it is really unknown because luck can never be predicted when it comes and when it disappears. If they can't get a win like that to prove to their friend then obviously the more money they lose and this is where the addiction starts, then they are no longer looking for a win to prove to their friend but their goal is to gamble to get back the money they have lost, I think this is one scenario that is very likely to happen.

Who uses profit from gambling money as a source to pay household bills or any kind of bills. I think no one should be that stupid because when you are not sure if you will be able to earn anything, when you know that income from gambling is not stable and many times you will be in loss instead of profit, then how can we think of paying our monthly bills by gambling money.


Yeah, gambling can make a person lazy if he thinks that he will solely earn from gambling.
When he do not earn from gambling, then he will sell his belongings to gamble more and hope if he can make income without any effort and just by gambling. To be honest, gamblers with such mindsets never succeed.

But sometimes players become addicted to gambling in a different way - they are unlucky on their first bets, but at the same time their friends, or one friend, are lucky. And they boast that they are smarter and much better versed in betting or roulette. And it is precisely this envy and rejection of the fact that the player himself is unlucky - he begins to play more and more, expecting that he will be lucky. But this does not happen, and then the player begins to lose money, playing first his own and then other people’s.

But I still don't get the idea why a specific moment to stop should be better than another moment for as long as I understand that gambling is a losing game if I only do it for a long enough period of time. Because maybe I do stop today, but what about tomorrow with my next session? 99.9999% of gamblers in the world don't stop gambling entirely and never touch it again when they had one lucky streak. That is the most unrealistic thing ever. Over time my lucky streak will turn into what it was supposed to be from the very beginning, a game that makes me lose money over a long period of time.

I have long heard that when a beginner makes his first bet and wins, it is worse than when he loses. Maybe this is a bad example, but it’s like a fish swallowing bait, but after that the fisherman will catch it. After a win, especially a very big one, it seems that now our life is settled and if we need money the player will come there again, but instead of giving us the same winnings, the player will lose and end up leaving several times more money there than he brought initially . That's why players take out loans to win back, confidence begins to disappear, but it's too late, greed has completely taken over them. The risk taken was exceeded tenfold. To prevent this from happening, we must not allow greed to take over us. If a person is very greedy and risky, then it is better for him not to enter into this, because the probability of failure is quite high.

That is true because most people will be triggered to continue gambling until they run out of money for those who cannot control their emotions and themselves. But if they can control themselves, that won't happen because they will always remember that in gambling, winning is difficult and if they win, they must be able to restrain themselves from trying to chase victory. They must be able to think quickly to stop gambling immediately before their greed gets bigger and they can no longer control themselves. Playing gambling is just for fun and with small bets so that we can gamble for a while and enjoy the gambling game. But when we have had enough of gambling, we must immediately stop gambling and leave the casino.

Gamblers who have lost control of themselves will never be satisfied and immediately stop gambling because they still want to continue playing. And even if they lose, that won't stop them from gambling and maybe if the money runs out, then they can stop. But that probably won't stop them because they can just deposit more money into their gambling account to continue gambling. Maybe they can win on the second chance but that doesn't stop them from completely stopping gambling because greed is already in them and asks them to continue gambling again.

This is a cycle most common with most gamblers out there, they always think gambling will definitely pay the bills especially if it turns out they have been lucky at the casino for a quiet some time, they literally become more confident in gambling than normal.

And this is how their mistakes grow till it turns out an addiction problem for them which turns out to cost them fortune especially when the start selling out their valuables and get a substitute with the mindset they they will win some day and replace that which they sold earlier to fund their gambling habit. Early winning actually causes them to become lazy because they will feel making money can be that easy.

A lack of  satisfaction and high expectations is what makes some gamblers to still continue playing after having a win that was supposed to be taken as the achievement of the day but they get unsatisfied with the amount bethinking that maybe if they could try another bet again it might get them lucky to win again but it most times ends in loss. For the fact that I was lucky to win ones or probably twice at a row doesn't make it certain that I might continue in the winning streaks. Sometimes that one win after many times of losses for the day is just fortune own way of smiling at us so we don't go back home completely emptied.

There are not many such players who can stop and walk away victorious to do this you need to have iron willpower, not everyone has that. And even if such a player is found, he will be tormented by the thought that his winning streak could definitely continue and the next day he will go and lose everything he won. Gambling sites know this, so they always try to remind you about themselves in an email or social network. In any case, I prefer to play for small stakes and have a lot of fun, sometimes I manage to leave gracefully, but still we know that we will definitely return, even if not the next day, then in a month.

Knowledge is a waste if we can't use it right, and the more we are not using the knowledge to build a good betting style and manage our account and also get to be practical with what we learn, the more it will be a waste of time. Imagine a gambler who is betting and betting and cannot stop, no matter what such has learned, it's a waste because emotion is ruling, and every other thing is secondary. Such would realise his errors only when he lost all or almost lost all the money in his betting account, so we fight that psychological part of ourselves when we bet, that is how anything we know can be fully utilized.

This applies to when we are having losing or winning streaks, we should just be sure that we are in control and put a stop to it when we feel any iota of emotion. This is particularly good especially when we are even winning, and we've seen a big winner turned to a big loser in just a day.

It is rare for a gambler to win ten fights in a row, even if it is only 3 wins. But if someone manages to win a gambling game 3 times, he should immediately end the gambling game because, in the next game, there is no guarantee that he will win again. If he can end his gambling game, he has acted wisely with his winnings and been careful with his money to avoid using too much money for gambling.

It had something to do with greed because he also took advantage of his winning momentum by telling himself that he was lucky to win the gambling game. He must have thought that while he had won several times, at least he could add another win in the next round. But as I said, there is no guarantee he can win again in the next round.

In fact, this is a very difficult moment when the player is brought down to earth and destroys his illusions about constant earnings from gambling. He thought that now he would be able to pay off the loan for the house, but in reality it usually happens at the end of the month that he has nothing to feed his family. Here he can be completely devastated and continue to play because of his greed, which will of course be a complete mistake. If we want to start something like this, we must be prepared with a large reserve of money for 6 months - 1 year so that decisions in the game do not affect us and we do not think about how we will close one month. Probably, wild greed won't arise in us either.

Agreed, as said, it happens in reality. The more a person expects to win in gambling, the greater the extent of his greed. There are many gamblers who start thinking of gambling as their main activity and when they lose their money they become restless for debt. At one point, while paying that loan, a major disaster came in their lives. Although greed is common in gambling, when the gambler cannot control his excessive greed, he will go far away from his normal life. In gambling greed and risk are very common but that definitely will be in gamblers limitation. In gambling where a gambler can take a break from gambling whenever he needs is less likely to lose.

But sometimes I think it is also about exploiting momentum because let us take the example of poker and you have a damn lucky streak one evening playing cash game. Now because you have a lucky streak, you feel that everyone else at the table is tilting. You can notice because of the way they play. Should you now stop because you know you played bullshit but won ten showdowns in a row or should you now tighten up and keep playing solid poker? I think this is an interesting question as well because sometimes it just feels like it is your day. Does it have to do with greed or with riding a momentum?