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Topic: Greed or risk - page 7. (Read 2637 times)

newbie
Activity: 13
Merit: 0
November 26, 2023, 08:30:35 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.
https://talkimg.com/images/2023/10/28/TBmu8.jpeg
At the end of the day it depends on the person and his faith in whatever game that is played and in this situation this person definitely has that money to spare, plus he is confident that the game is going to come through. I am the kind of person that will cashout immediately i see a tangible profit because from experience i have been in such position and thinking the game will e a success, it failed in  the last minute. not everybody is lucky enough to see a huge cash out and it come through so to me it depends on the confidence level, if i feel confident enough not to cash out i leave the game until it is completed, but if i dont i take my profit and go.
hero member
Activity: 1582
Merit: 514
November 26, 2023, 07:30:09 PM
Risks always wait for greedy people. Lucky people, if they are greedy, cannot avoid the risks that await them. When losing at gambling, everyone will want to add more capital to get back the money they lost. And even those who have won also want their account to continue multiplying. At that time, their minds were no longer alert enough to continue gambling. But they still engage in gambling. Of course, it is difficult for anyone to always win in gambling. Luck cannot come to them continuously. Greed in gambling is the path that leads them to heavy losses.

The greedy people always take the risk in the gambling game.Some of the times they will achieve the biggest record which can't achieved by the ordinary gamblers.But sometimes they will loss the entire game and loss the capital invested to the gambling.So the gambler need to wait for the better option,if the gambler not ready to take the risk in the gambling sites,it was the significant one for the gambler with the margin win like 10 dollars from the usage of 100 dollars.Honestly it was the good return for the gambler with the ten percentage as the profit.At this time the gambler use the risk option with the remaining 100 dollars and withdrew the profit of 10 dollars.So the risk was the risk and it may leads to the complete loss of 100 dollars.If he withdrew the 110 dollars,he may end up with the profit.
sr. member
Activity: 560
Merit: 253
November 26, 2023, 07:23:50 PM
Risks always wait for greedy people. Lucky people, if they are greedy, cannot avoid the risks that await them. When losing at gambling, everyone will want to add more capital to get back the money they lost. And even those who have won also want their account to continue multiplying. At that time, their minds were no longer alert enough to continue gambling. But they still engage in gambling. Of course, it is difficult for anyone to always win in gambling. Luck cannot come to them continuously. Greed in gambling is the path that leads them to heavy losses.
hero member
Activity: 2282
Merit: 589
November 26, 2023, 05:53:48 PM
Without a doubt that is what happens and this can be terrible for a newbie gambler, because now what they want is to obtain profits out of gambling, and while we know that a few gamblers are able to do that, a newbie gambler does not have the tools to produce those kind of results, so they may begin to use way more money than what they originally thought, only to find themselves losing all of that money and not knowing what to do as that was money they actually needed in order to pay their bills and other debts they may have had.
The worry of new gamblers can lead to greed if they want high profits in every bet, especially if they ever reach a profit of x10 then greed can no longer be controlled to achieve higher profits, they will increase the number of bets and redeposit their money in gambling, so whoever is a gambler Beginners must be given the knowledge to gamble properly to avoid greed and the high risks of gambling. Another reason is that they speculate too much to get high profits from gambling but they don't know that the ratio of wins in gambling is much lower than losses, so they need to limit funds for gambling before they experience the risk of high losses.
legendary
Activity: 2534
Merit: 1338
November 26, 2023, 05:05:16 PM
I have always thought that one of the worst things that can happen to a newbie is to actually obtain some level of early success when they gamble, because then they may begin to wonder if they can actually gamble not for the fun they could get out of those games, but instead they will consider gambling for profits, and since they do not have the knowledge or the skills to do this then whatever profits they got will soon disappear, and then their capital will follow.

Oh, when the gambler's mindset is like that, there is an immediate greed that settles in his personality. And that's not a good start for a gambler in a casino. It's hard to get out when it starts like that.

There is no room for negative things; positive things will always be seen, even if the method he is using when he starts gambling is no longer correct.

Without a doubt that is what happens and this can be terrible for a newbie gambler, because now what they want is to obtain profits out of gambling, and while we know that a few gamblers are able to do that, a newbie gambler does not have the tools to produce those kind of results, so they may begin to use way more money than what they originally thought, only to find themselves losing all of that money and not knowing what to do as that was money they actually needed in order to pay their bills and other debts they may have had.
legendary
Activity: 2450
Merit: 1855
Leading Crypto Sports Betting & Casino Platform
November 25, 2023, 03:24:01 PM

For those that may not be convinced, creating a simulation that show us our potential results when we gamble is something that now can be easily done in any spreadsheet software, and if someone does it then they will soon realize how empty and impossible are their dreams of making money when gambling, however most people do not go through this exercise and believe it is actually possible to accomplish this goal, and many of them will pay dearly for that mistake.

The gambler should use of the spreadsheet to store all their win and loss in the gambling sites.Some of the gamblers use the bot for the gambling prediction,but he need to understand the prediction of the gambling was the random one and based on the algorithm in the gambling sites.If they had a chance to find using the bot,the gambler will become the millionaire in few days.So the prediction can't be made using any software or bot in the gambling sites.The gambler who had the software for gambling will not be worked,it's better to do the use of the software for the crypo trading.Because the gambling based on the knowledge and can't be predicted using the software.So the gambler should risk in the gambling sites to make the big win from the gambling sites.It was possible one in the gambling sites.

This is very interesting, recreating the events through a simulation is not bad, but in part it is not my style, I prefer to make my predictions without using bots, spreadsheets, plus I am a very lazy person, I like to do I do things for myself and well without much, in what I consider to be like that, is because I like to do things with quality, so that later I don't have to repeat and study more than I should, but rather do it only once and well. , that's why the cuetines when it comes to making sports bets and everything related to it is easier to see from the point of view that the one who knows the most is the one who has the most proabldaibdes of winning, in the casio delf ´tubol Because I always like to use soccer as an example since it is my favorite sport, I always make my prediction, at least saying who wins or who doesn't win, marking is something more difficult to do, however one tries to do it, So when we are in that process, I don't trust doing it with a robot or simulation.

The simulations and bots can be used for other types of games, perhaps the games of some casino, poker, black jack something like that, but I think that for the demoportes not, unless it is a super AI that is updating every second of the game. troubles that happen in the world, even so I don't see it very well, in your case a person can be emphatic with their greed, avarice that for me is just the most, but it should be noted that it is something very interesting because technology is used to do all kinds of things, currently things that have to do with bets, with predictive bets are using all possible tools to help themselves, but prediction tools are something that can vary a lot because you can have the best predictor, but the best Predictor is based only on the things that can be generated, that's fine, but the luck factor? Where is that?
sr. member
Activity: 2618
Merit: 439
November 24, 2023, 09:57:58 PM

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

This is a tough decision if you are already in Lucky day , how could we deny the fact that we can double or even higher that amount ?
sometimes Luck is the one who must be blame , it can be cruel sometime but can be friendly .
we are just easily said thing when we are not the one involved but once it is ours on that shoe , trust me things in decisioning will change specially when we are in the winning streak  so lets do it when we are the one involve but be supportive for others who aer passing the game.
This is a big risk for me and the amount staked does not even worth the winning in which ever way. This is not how to gamble for me since the amount is extravagantly too high for anyone to stake juts to winning 2.5×. It doesn't worth it at all and we need to bet on games with small amount stake to win big amount. That is how to bet not taking too much risk just to win this kind of amount. The risk to reward ratio is too high and this alone can make a gamble to have a consequential bad day if the outcome turns negative.
but the part of which the account react isn't revealed meaning we are all blinded to what really happened if it was withdrawn or being continued betting.

but yes this means too greedy to tell if it was being betted not unless the owner is really winning and that amount was just part of His lucky wins so yes he can just bend the bet over.

small rollers like us is contented with x5 wins so what more this one that has really a huge amount of winning.
legendary
Activity: 2898
Merit: 1152
November 23, 2023, 07:09:35 PM
I have always thought that one of the worst things that can happen to a newbie is to actually obtain some level of early success when they gamble, because then they may begin to wonder if they can actually gamble not for the fun they could get out of those games, but instead they will consider gambling for profits, and since they do not have the knowledge or the skills to do this then whatever profits they got will soon disappear, and then their capital will follow.

Not only newbies, but also old-timers.  This kind of success in gambling triggers overconfidence which affected even seasone gamblers.  So all gambler must be wary of this kind of mindset, that they are invincible with their strategy, and end up losing everything.


Oh, when the gambler's mindset is like that, there is an immediate greed that settles in his personality. And that's not a good start for a gambler in a casino. It's hard to get out when it starts like that.

There is no room for negative things; positive things will always be seen, even if the method he is using when he starts gambling is no longer correct.


Greed is never been a good thing since it portrays excessive wanting which is negative in all aspects.  Not actually no room, I think gambler always has this hesitation but due to being greedy, they do it anyway, continuously betting to get a huge win even though they are already winning.  That is bad because it can easily deplete his bankroll if luck decides to part way.
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
November 23, 2023, 06:57:58 PM
At first, every gambler starts to play for fun or just because he likes the process of playing. But all gambling is built on human psychology. Therefore, very often a person becomes addicted to gambling. After that there is greed and a person seeks to get the winnings and not just play for fun.

Yes everyone wants to play for fun and when they earn for the first time then they thought appears in their mind that they are lucky and they will win always. But it is impossible that a gambler win all the time without losing any amount so those who initiate gambling as a fun will eventually become a permanent participant of gambling.

This can be greed but at last I think gambling become a compelling activity because there is no other option with gambler to earn and he is also not supported by his family so if he continues gambling then his borrowed money will be increases and if he leave gambling then how he will earn and return his borrowed money therefore in such way gambling become an addiction.
I have always thought that one of the worst things that can happen to a newbie is to actually obtain some level of early success when they gamble, because then they may begin to wonder if they can actually gamble not for the fun they could get out of those games, but instead they will consider gambling for profits, and since they do not have the knowledge or the skills to do this then whatever profits they got will soon disappear, and then their capital will follow.

Oh, when the gambler's mindset is like that, there is an immediate greed that settles in his personality. And that's not a good start for a gambler in a casino. It's hard to get out when it starts like that.

There is no room for negative things; positive things will always be seen, even if the method he is using when he starts gambling is no longer correct.
full member
Activity: 504
Merit: 198
Next Generation Web3 Casino
November 23, 2023, 06:47:44 PM
Yes everyone wants to play for fun and when they earn for the first time then they thought appears in their mind that they are lucky and they will win always. But it is impossible that a gambler win all the time without losing any amount so those who initiate gambling as a fun will eventually become a permanent participant of gambling.

Yeah, a lot of people start out playing innocently and for fun but when they start down on the path of winning, they feel luckily enough to continue playing believing in themselves they would always win.
It’s def impossible to have a gambler win all the time and in this case of having played for a while and winning, that would motivate anyone to continue playing and by then, the fun isn’t there anymore as the player is just now playing to see how much he could win. This is when losses would start to happen and if you’re someone with no discipline on how he spends his money, that person would likely spend money trying to chase his losses.
when you haven't won before to experience the sweetness of  gambling money you won't you be be desperately conscious with that desire to quickly get another win again. The temptation to chase losses began when you have had a taste of how winning tastes like and within you you wanna sustain that winning streaks which is not possible, and that's how greed comes in that if you are not careful with how you conduct yourself you'll start playing without control believing that it's from excessive plays that another winning will be made. I'll say this, winning money in gambling should motivate us in enjoying the game instead of getting greedy at it, it distract us from the fun when we get greedy.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
November 23, 2023, 06:46:43 PM
This is nothing than the greed aspects of our lives trying to manifest at some particular point or stages we get into, sometimes we ma also not know that we have this kind of greedy nature from the way we appear not until we are found for its test of time, we take in some level of risk because we are this greer to see that everything is being achieved by us at all costs not minding the consequences that might follows through our greedy desires.
Sometimes we mistaken people's principle for greed in cases as this, most persons have their preference up on which they keep their principles to make choices, personally I don't just cash out except it UpTo a certain amount bor percentage of my initial capital as the case may be.

Someone else could come see such Cash out and seeing me refusing to accept it may think I'm greedy or not appreciative enough but then it's all risk and for me to to want to cash out at that point it simply means I'm in for any risk that comes there after but most persons fail to understand stand this and call it greed, which in some cases is actually not one turns greedy only when they have won and wants to double up on a second trial.
hero member
Activity: 714
Merit: 521
November 23, 2023, 06:01:24 PM
Yes everyone wants to play for fun and when they earn for the first time then they thought appears in their mind that they are lucky and they will win always. But it is impossible that a gambler win all the time without losing any amount so those who initiate gambling as a fun will eventually become a permanent participant of gambling.

Yeah, a lot of people start out playing innocently and for fun but when they start down on the path of winning, they feel luckily enough to continue playing believing in themselves they would always win.
It’s def impossible to have a gambler win all the time and in this case of having played for a while and winning, that would motivate anyone to continue playing and by then, the fun isn’t there anymore as the player is just now playing to see how much he could win. This is when losses would start to happen and if you’re someone with no discipline on how he spends his money, that person would likely spend money trying to chase his losses.

This is nothing than the greed aspects of our lives trying to manifest at some particular point or stages we get into, sometimes we ma also not know that we have this kind of greedy nature from the way we appear not until we are found for its test of time, we take in some level of risk because we are this greer to see that everything is being achieved by us at all costs not minding the consequences that might follows through our greedy desires.
sr. member
Activity: 658
Merit: 275
November 23, 2023, 05:55:19 PM
Yes everyone wants to play for fun and when they earn for the first time then they thought appears in their mind that they are lucky and they will win always. But it is impossible that a gambler win all the time without losing any amount so those who initiate gambling as a fun will eventually become a permanent participant of gambling.

Yeah, a lot of people start out playing innocently and for fun but when they start down on the path of winning, they feel luckily enough to continue playing believing in themselves they would always win.
It’s def impossible to have a gambler win all the time and in this case of having played for a while and winning, that would motivate anyone to continue playing and by then, the fun isn’t there anymore as the player is just now playing to see how much he could win. This is when losses would start to happen and if you’re someone with no discipline on how he spends his money, that person would likely spend money trying to chase his losses.
full member
Activity: 1176
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★Bitvest.io★ Play Plinko or Invest!
November 23, 2023, 05:31:02 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.

But where's the Cash out value on the photo you posted, all I see there is the amount used in staking the game and the potential win... If there's a cash out there I can't see it. We all know that gambling is all about risk and we all know about the popular saying no risk no reward. There are people who are willing to take those huge risks and there are people who cannot take that much risk. That's why we have different types of gamblers with different gambling limits they get for themselves. There are people that can lose 10 million in just a twinkle of an eye and it still wouldn't affect them and you can be rest assured that these people when they also win, your wins are also very massive. For me I prefer to take this kind of risk, picking a single game or two that you're pretty certain will come through, stake it with a huge sum and make at least x2 or x3 rather than picking over 10 to 50 games in just one slip/ticket and then expect a miracle to occur all of a sudden.
legendary
Activity: 2534
Merit: 1338
November 23, 2023, 04:49:27 PM
At first, every gambler starts to play for fun or just because he likes the process of playing. But all gambling is built on human psychology. Therefore, very often a person becomes addicted to gambling. After that there is greed and a person seeks to get the winnings and not just play for fun.

Yes everyone wants to play for fun and when they earn for the first time then they thought appears in their mind that they are lucky and they will win always. But it is impossible that a gambler win all the time without losing any amount so those who initiate gambling as a fun will eventually become a permanent participant of gambling.

This can be greed but at last I think gambling become a compelling activity because there is no other option with gambler to earn and he is also not supported by his family so if he continues gambling then his borrowed money will be increases and if he leave gambling then how he will earn and return his borrowed money therefore in such way gambling become an addiction.
I have always thought that one of the worst things that can happen to a newbie is to actually obtain some level of early success when they gamble, because then they may begin to wonder if they can actually gamble not for the fun they could get out of those games, but instead they will consider gambling for profits, and since they do not have the knowledge or the skills to do this then whatever profits they got will soon disappear, and then their capital will follow.
legendary
Activity: 2716
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Leading Crypto Sports Betting & Casino Platform
November 23, 2023, 02:41:57 PM

Gamblers, by their nature, engage in risk-taking behavior. They enter a world of uncertainty, hoping to reap the rewards of a gainful gamble. the irony lies in their reluctance of accepting loss, which is an inherent part of gambling. The key to a more balanced and enjoyable gambling experience lies in striking a harmonious balance between the excitement of the game and the potential outcomes. This entails making informed decisions, setting clear limits, and approaching gambling not as a guaranteed path to riches but rather as a source of entertainment.

Gambling should be about self-awareness and deriving pleasure from the experience, not solely about the financial gains. By acknowledging the inherent risks involved, exercising self-control, and viewing gambling as a form of leisure rather than a means to an end, people can transform their gambling experience into a more enriching and fulfilling one. it's about finding that sweet spot where the thrill of the game coexists with a healthy acceptance of the possible outcomes.
At first, every gambler starts to play for fun or just because he likes the process of playing. But all gambling is built on human psychology. Therefore, very often a person becomes addicted to gambling. After that there is greed and a person seeks to get the winnings and not just play for fun.

Gamblers who realize that gambling is nothing more than a lucky activity then they will gamble with the intention of seeking entertainment or fun only, I agree to that statement but on the other hand it is always undeniable and not always possible that you will always be able to apply such a mindset, as you said that gambling is very much tied to human psychology, I think there will always be some points that can make you quite upset, and after that your psychology will start to be disturbed, even though you come with a healthy mindset, it doesn't mean that you don't have the potential to have desires like gambling addicts.

Winning and losing is the final answer that is certain but usually will lose more often than winning because your losses are profits for the casino, if you continue to play and without any restrictions even though your goal is for entertainment but on the other hand believe me that it is very likely that you will start to enter the addiction phase without you realizing it. After that, it's not about fun but you gamble with the intention of recovering losses. Therefore, there is nothing better than not touching gambling at all, or stopping before it's too late.
sr. member
Activity: 1428
Merit: 326
Eloncoin.org - Mars, here we come!
November 23, 2023, 01:53:17 PM
At first, every gambler starts to play for fun or just because he likes the process of playing. But all gambling is built on human psychology. Therefore, very often a person becomes addicted to gambling. After that there is greed and a person seeks to get the winnings and not just play for fun.

Yes everyone wants to play for fun and when they earn for the first time then they thought appears in their mind that they are lucky and they will win always. But it is impossible that a gambler win all the time without losing any amount so those who initiate gambling as a fun will eventually become a permanent participant of gambling.

This can be greed but at last I think gambling become a compelling activity because there is no other option with gambler to earn and he is also not supported by his family so if he continues gambling then his borrowed money will be increases and if he leave gambling then how he will earn and return his borrowed money therefore in such way gambling become an addiction.
hero member
Activity: 700
Merit: 523
Leading Crypto Sports Betting & Casino Platform
November 23, 2023, 12:04:44 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.

Your decision to cash out is based on economic factor from what I can predict. It is not based on greed or risk. At that point in time you are choosing to do what is best for you. There is no right or wrong motive here. The decision we take here will be based on our economic and financial situations.

Who knows what how much $865 would go in solving a need for you. So no shame in it. And if anyone says its greed accept it cash out. Maybe use 20% out of it for your next bet.
I completely agree with you, there is a thin line between being greedy and managing risk, this I believe is the reason why some gamblers tend to confuse the two.

If anything, I did say that being greedy in gambling is actually a normal thing, as long as the gambler is able to control him or her self in such a manner it does not negatively affect them in terms of money management, self control, knowing and keeping to set limits and so on. I say this because, gambling casinos themselves are as greedy af for our money, this is why they usually do not hesitate to confiscate a gamblers winning or money at any slight mistake from the gambler.
So for me, It not wrong if a gambler seize every opportunity made available to him or her, to make profit for him or her self, this is not greed, but more like risk management, knowing when to exit a bet to secure profit.
You should also look at it from this side that if a gambler is greedy, he might get carried away with his greedy nature and when he is winning, he will think that he can continue winning and wouldn't stop at the right time that he is suppose to stop gambling because he feels that he is on his lucky day, which might turn around and he will loss big because he couldn't know that his luck has expired.

Also greed can make a gambler to continue chasing his losses thinking and hoping that he will win the next game. Greed is something that shouldn't allow it to control our gambling activities, when we are gambling because it will bring more of harm than good to us. I am not sayin that I don't understand your point but most gamblers can control their greedy nature and it is such gamblers that thinks that gambling is to make profit.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
November 23, 2023, 11:45:14 AM

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.

Your decision to cash out is based on economic factor from what I can predict. It is not based on greed or risk. At that point in time you are choosing to do what is best for you. There is no right or wrong motive here. The decision we take here will be based on our economic and financial situations.

Who knows what how much $865 would go in solving a need for you. So no shame in it. And if anyone says its greed accept it cash out. Maybe use 20% out of it for your next bet.
I completely agree with you, there is a thin line between being greedy and managing risk, this I believe is the reason why some gamblers tend to confuse the two.

If anything, I did say that being greedy in gambling is actually a normal thing, as long as the gambler is able to control him or her self in such a manner it does not negatively affect them in terms of money management, self control, knowing and keeping to set limits and so on. I say this because, gambling casinos themselves are as greedy af for our money, this is why they usually do not hesitate to confiscate a gamblers winning or money at any slight mistake from the gambler.
So for me, It not wrong if a gambler seize every opportunity made available to him or her, to make profit for him or her self, this is not greed, but more like risk management, knowing when to exit a bet to secure profit.
sr. member
Activity: 1022
Merit: 368
November 23, 2023, 11:14:23 AM

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.

Your decision to cash out is based on economic factor from what I can predict. It is not based on greed or risk. At that point in time you are choosing to do what is best for you. There is no right or wrong motive here. The decision we take here will be based on our economic and financial situations.

Who knows what how much $865 would go in solving a need for you. So no shame in it. And if anyone says its greed accept it cash out. Maybe use 20% out of it for your next bet.
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