Topic: Greed or risk - page 5. (Read 2637 times)

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?

Gamblers who can just stop gambling are gamblers who have good self-control. When someone wants to continue gambling when they have won, perhaps it is because their greed has started to increase and if they cannot control themselves, they will only follow their lust to continue gambling. When that happens, a person will start to become addicted to gambling and if he continues to allow it, his gambling addiction will grow and he will not be able to control himself.

We can only limit our gambling activities so that we don't experience gambling addiction as a result of greed and taking bigger risks. We control gambling activities and not greed controls it, so we must really control ourselves in gambling.

But which gambler will simply stop? That is a very rare occasion and who gets to decide what is greed and what is the desire for relaxation and pleasure? It is like someone who loves to play poker and got lucky once big time. Telling that person to stop or believing that the person will top by themselves is not realistic.

But I agree with you that in a perfect world if someone gets lucky one time and maybe makes a lot of money, the best would be to stop or to continue in such a moderate way that whatever the person won will never be at risk to be lost entirely.

Maybe that's what makes gamblers think that they can get rich from gambling with little money so they continue gambling while trying to win several gambling games. That is the greed that comes to them, especially for those who manage to win from gambling because they don't know that the harder they try, the more they can experience a lot of losses. And it won't make them rich from gambling.

The sensation of winning will blind them to the reality that they will receive if they continue gambling after winning. They will have difficulty winning the gambling game because they will not be able to win easily. That inner strength may work for them but most of the time, it won't work because it will go back to the people who have their luck. The more greedy we are to get more wins, the more money we can lose, so we have to know ourselves by limiting the money we spend on gambling. Besides, it's not worth doing, especially since we're just small gamblers who only use a little money to gamble.

If this is successful, the gambler should be able to stop gambling rather than continue gambling because it will not always be successful in winning. They will not always be able to win and must be able to control their greed so that it does not create difficulties for them. By always controlling themselves when playing gambling, they will realize that winning is not easy and they have to have many things before they can win. Skill and luck are required to win so if they have already won, it is time to stop gambling and leave the casino.

some time that is the class separations between rich forks and average person while comparing the level and rate of risk,  but then also when it comes to risk vs greed,  there are levels to that and at some point, we all have to accept the fact that greed is more dipper than risk and but the risk can give birth to greed but greed can never become risk most especially in a situation where the individual is taking a calculated risk at some point.

When the rich get greedy we may tend to call it risk because their have the surplus to play around with,  but in the end greed is greed and nothing to relate it to risk at all.

Greed or not I think that's what the person wants and we should respect the decision, he felt like he will earn more and it seems he can take risks, I will not call it greed but he just want more, it's obvious everyone wants more and nobody will decide to settle for less. But I will peacefully cash out my money to avoid stories that touches the heart.

Every gambler must exhibit one of this habit, being careful or careless and that's normal because we must not be the same, it's best to choose what's best for ourselves, when it comes to our gambling life we should avoid taking risk to avoid depression.

I think the bigger problem is that if it works once, the gambler thinks that it can work multiple times. But what is the probability that it works once and then it doesn't work several times in a row? That probability is pretty high and it could mislead a gambler into thinking that he has done the right things instead of just realizing that they got lucky. This really is a common trap because I have seen many people thinking they are geniuses because they won this one impossible jackpot maybe in betting, blackjack, poker or some other game. That's where bad things can get started.

Yes, it is possible to turn $10 into $100 by betting on sports, which is similar to the idea of getting rich quickly. But isnt this the well-known gambler's fallacy? Many people get caught in a cycle of constant gaming because they think they are "due" a win. The odds are always in favor of the house; bettors will lose over time.

You may ask, "What about inner strength?" It very important, but famously hard to find in the gambling world. The thrill of a possible win often gets in the way of making smart choices. Being aware and controlling your greed arent enough. You also need to see gambling for what it is: entertainment, not a safe way to make money. So, shouldnt we question whether its smart to expect to win all the time in a system thats set up to lose? People who can leave at the right time are the ones who really risk something.

Well, in this scenario, its greed to a low income person and risk to a high income person. For someone who's financial situation isn't really affected by the outcome of the bet, he's just trying to catch cruise and make a point to probably his friends that a certain team can win by betting. He sees it as a risk and just feels good while its going in his Favour.  His heart doesn't skip a beat even if the outcome travels in an opposite direction. He is financially stable and all these are mere fun to him. Unlike someone who places bets and casts his hope on the outcome of the bet, that kind of not so well off guy on seeing this cashout and leaves the match to continue rolling is really playing with fire and for me, that's greed on his path because its clear that he's almost got all his gains remaining almost nothing and such greed can be very costly because football isn't mathematics and anything, even the unthinkable can happen in the blink of an eye. I'm not gonna pity him at all if the tables turns around.

First of, that amount there isn't the available cashout value, that's the Potential win. The game is 2.7 odds and was played with 1M to give you a potential value of 2.7M. but if eventually that was actually the cashout value, Whether I take out the cash out or not depends completely on my financial status or my bankroll and also the level of risk I took in staking the game. Let's say I used 1M to stake a game and I'm expecting a potential win of 10M and then I'm seeing a cashout of 2M. Or 3M, I sure won't take the cashout, I'll let the game finish and be prepared for the outcome. But if I'm expecting a 3M or 4M potential win and then I see a 2.7M cashout, hell yeah I'll take it out cos it would be greedy of me to let that amount slip off my finger and I'm uncertain about the outcome the game.

Yes of course, for people who have a personality and character that is easily emotional or provoked about anything that turns out the end result is not in accordance with what they want then the conditions will be even more complicated, not only in gambling but in real life it also applies, especially in gambling that usually a gambler is required to have self-control and emotions that then while on the other hand usually defeat will occur more often than victory, so of course I think such people will be very down with the unusual impact of uncontrolled gambling.

A big win is not the end of the world or that means it's not a real win, because everyone has different desires and expectations, like humans usually most have greed in them and usually when they get a win then instead of withdrawing the money from the win but instead act out of control that is greedy with the intention of getting a bigger win and finally all the winnings he has got are lost again because his luck has run out. Honestly, it is very dangerous if someone has devalued the concept of money, but it is very likely to happen when they get a win that they think is easy to get when on the other hand they are just lucky.

Yes, that's true because each gambler has a different fund allocation so they will gamble based on their fund allocation. But most gamblers who use small bets and can win large amounts of money will try to gamble again to win even more. Even though it is not recommended, that is what happens to many gamblers so it only increases the number of losses later. We cannot hope that luck will remain with us in the next round so that the final result will remain uncertain whether we win or lose. They may only be able to continue gambling but have to accept the risk if they lose because they desire to continue gambling.

Every gambler who has problems with a strong passion for betting goes through a typical path. The loss of self-control always begins with a big win, after which the gambler devalues the concept of money. He doesn't want to work anymore, he thinks he can make money gambling. After that, he loses all the winnings and starts taking on debts. After that, he makes another gross mistake: he thinks that he can recoup and close debts, but in fact he "buries" himself deeper.

Honestly, no matter how good the knowledge is it will be useless if you don't apply your knowledge at the right time. Those who become greedy for gambling lose their wisdom. Betting bigger to get more then risk losing greed can have a profound effect on individuals causing significant problems in many areas of their lives. The urge to gamble can quickly turn into a compulsion that is difficult to control most of the time is passed by gambling or thinking about gambling. Ready to make big bets day in and day out proper planning can prevent a person from doing bad things. Also if the person has to control himself then it is easy to avoid damage if he can control his emotions.

It all depends on the psychology of gambler, if they have good psychology in every action and under any circumstances then they will definitely have calm and there is very little chance of emotional disturbances that make it difficult to think positively.
But if gambler only relies on emotions without calm mind then it is true that they can be very affected by emotional and mental stress which makes it difficult to control themselves, especially to stop and think carefully.
It seems that many gamblers fail to have good psychology so that they experience several bad things which of course have quite dangerous negative impacts on the continuity of their gambling activities.
We must be able to control everything if we want to remain safe in gambling and we must have several efforts to achieve this control.

Of course I would cash out if I were the one, I can't see this as a greedy decision.
Gambling is all about taking risk, sometimes you will cash out and regret it, and other times you will risk it and still regret it.
It really depends on the kind of gambler. Some professional gamblers can take the risk because they are financially sound and they won't feel any pain of losing  however, in other cases, they know that cashing out is the best option, the bettor has the final say over whether to proceed or not

Not all gamblers that plays with a small amount of  money in order to win big amount do so out of greed it could be that  the small money of $10 was the amount they had with them at the time of making the bet, some however, do use small amounts as a means to be able to have many chances of playing to try their luck instead of using all of the money at ones. While some are just mere greed, they want to win even more than a $100 with just $5, even if it's possible with luck setting in but it's rare to happen and before it does you could have lost many times more than whatever amount you will be winning.

Indeed, gamblers can win $100 with a betting capital of $10, but that is very rare for most gamblers. Most gamblers will only lose that $10 and will be motivated to deposit more money to win the gambling game. They feel they can still gamble by depositing more money so they choose to deposit more money. Sports betting is a game that they can choose because they can bet with small stakes several times but they must have the ability to find a team that has a chance of winning.

But gamblers should be careful because if they win and continue gambling, maybe they won't have much chance of winning again. And if they can't control their greed in gambling, they will only spend more money. To win, you must be more alert, control yourself, and not continue gambling.

What I know for sure is that it's not only beginner gamblers who make profit but they become greedy. I think there are many gambler who have that kind of attitude who don't feel satisfied when they get a profits and try to continue their gambling activities hoping to make even more profits, even though thats actually the case can make him lose control so that the profits can run out due to too much pursuit of bigger profits and can cause losses instead of profits.

Beginner gambler really needs to be taught so that they don't have an attitude that is too greedy like that, perhap by losing a lot of money or losing profits that won't increase or even run out, they can think for themselves, being too greedy is indeed an action that should not be applied to gamblers. They must be able to assess the pros and cons of such an attitude so that when one day they want to gamble again they can limit themselves when they have made a profit.

It is possible to play with a small amount of $10 and win $100 in return. It’s a slim possibility for having a win but one nevertheless. Such games I’ve personally seen are football games having a large number of games to be played. I wouldn’t say games played with such amounts are played entirely cause of greed. Some play having crazy high hopes of a win while some play looking to see how many of their predictions came out correct.

Such games like the one posted by the OP, if lost can’t be fully attributed to greed. It could also be poor decision making at the time. Some players who are willing to take the risk to see how the outcome would be keeping in mind that the outcome may not favor them.