Topic: How do you manage greed to place your bet - page 5. (Read 968 times)

It is common for many gamblers when they have a winning target that they want to achieve. But in reality, achieving their winning target is difficult because their money runs out before they can even win. We can only limit the use of money if we have a winning target that we want to achieve because that will make it difficult for us to get it. Apart from that, we also don't know when luck will come so that we can win the gambling game. And even if we keep trying, it also doesn't guarantee we can win because this is gambling where someone wins and loses.

This is really challenging for us once we are already addicted into gambling. I usually do small bets of $2 to $5 as I am living in a third world country. The max bet that I have back then was $20, but I was lucky enough to win and just called it a day.

I have set my own boundaries and limits when it comes to online casino gambling. The winning streaks are one factor that makes us slowly turn to being greedy. It’s something that is hard to control within our emotions.

Once I am already satisfied with my bets and winnings at a certain amount range, I am calling it a day even if it means I wanted more of that. Same thing goes if I lose at least twice then I stopped.

Exactly, it is very difficult to escape from such wrong instincts, even though initially you have managed to get a win but surely the assumption will come out that "I have to continue playing with a larger number of bets so that the winnings are also getting bigger", and after that your money including the results of the victory will run out, it usually happens when they have won. And then especially if you lose, as you said they will not accept the results and surely the first instinct that comes out is that they have to get their winnings again with a larger amount in order to cover the previous loss, then they will make another deposit with very high hopes and a little emotional feeling of revenge, but what happens? Well lose again, that's a fact that often happens and of course must be avoided because it is clearly very dangerous. The fact is that most people who end up addicted and end up with all the downturns start with problems like the ones I have said above.

I think it's just nonsense even though they initially said that they would make full control with some restrictions there, because of course it is very unlikely that they can do it when conditions are not good - okay. Cycles like this will continue to happen and only a small percentage can get out of a zone like this, so set the right mindset when you are new to gambling, don't be tempted by anything because it's just a trap, there is no certain victory but only defeat will continue to dominate.

If we only lets things depends upon our feelings , then I am afraid that we would not be able to make accurate decisions. Why we put our finicials descions to be decided on our feelings? We cannot rely on our feelings as they may vary depending upon our mood.

A better approach is to make a plan for gambling. A plan where we know that after certain money lost we will quit for the day. No matter what happens, we will stick to our plan. This is the only way to remain safe in gambling.

Maybe just step aside the money that you want to play and you will be good? The problem is that when we lost that money, our first instinct is to try to get it back and recoup our losses that's why we went and go deposit again and again until it's too late that we lost all our money. And the next time, we said to ourselves that we will try to control our emotions and yet we still fall for that trick of depositing again after a lost, unless you really are very lucky that day and recovering or at least on the positive side. So it's very very hard indeed to manage our greed. Actually there are players who already won but when greed sets it, they can't just get out of that cycle and wanted to play more.

That's a mistake that many of us usually make, putting targets to achieve them and if for example we still can't achieve them we will never stop. I think that's not entirely wrong because in gambling as long as you don't get too greedy it doesn't really matter, besides you play just for fun there you can also set targets but what I mean is that you have to set the target according to the capital you bring, for example you can only set a target of 50% - 80% of the capital you bring, meaning that if you can achieve victory according to that percentage then you can stop and you must remember not to put targets that are beyond the ability of the capital you bring. For example, you bring $10, well don't let you put the winning target at $500 for example, that's impossible my friend, and it will definitely be very difficult to achieve it even more so this is just about luck, so the point is to set a reasonable target, don't be too greedy because surely if you can't achieve it you will get emotional and possibly make a re-deposit, instead of wanting to win but even the opposite.

I think the point is the problem of your mindset and greed must be corrected, do not be too ambitious and aggressive when gambling, it is very dangerous, yes that's right, using feelings or feelings is also not too bad friends, if the spin is bad you can leave immediately.

In order to prevent greed when gambling it is necessary to always consider that there is a possibility of loss rather than focusing on gain. In this way, the amount of money you will lose in case of a possible loss will also affect your gambling psychology. In addition, it is necessary to play knowing that the opportunities in gambling are not always exhausted. In other words, instead of taking advantage of every opportunity with as high an amount as possible, budget management to take advantage of all opportunities with a good budget distribution will override your idea of making high bets. In addition, if you placed a higher bet than your budget and earned a profit you should definitely withdraw that winnings without spending it on gambling. This will actually help you feel better about the winnings and help you avoid being greedy and trying to earn more.

The key to dealing with all of this is to limit the gambling budget, because if we consistently limit the budget even when we lose and the money runs out we will automatically stop without having to make another deposit, emotions and greed will not cover our feelings when we lose, as long as we consistently limit our gambling budget so that can be an alarm for us when to stop gambling.

I even do that often and it's true that I'm not affected by increasing my bets because I've already reached my daily gambling budget limit. so I have to stop gambling and come back tomorrow to gamble again, if we are consistent with this habit it is guaranteed that it will not become an addiction too, in the end gamble wisely and responsibly. Everything must be managed properly, the point is to limit the budget.

yes.. I often do that, when my target hasn't been achieved I keep playing and hope that my target is achieved but everything runs out before I reach the target.

It is difficult to find a definite formula so that we can control finances and greed. Maybe we can only use feelings, if we feel that our luck is not good, we should stop playing and withdraw the remaining money before it is all gone. But it is always easier to say and very difficult to practice.

Yes, gamblers have experienced experiences like that, but many gamblers still have not learned from their experiences and are still trapped in that greed. They forget what they have experienced so they have to lose a lot of money because their greed encourages them to continue gambling.

I have also had experiences where after playing several rounds but not winning, I increased the bet in the hope that I could win. But that also didn't help me to win but instead, I got bigger losses. But if you set a winning target that you have to achieve, it often makes it difficult for you to achieve it because you might experience defeat before you can win, which often frustrates you.

I can bear the risk of 200 Naira to 2000 Naira of our native currency and that is the limits i can go so far, you know there are some games that are too tempting whereby you may wants to increase your wager for a higher profits.
I know its very hard to control this feeling as human are always engulfed with greed you may wants to place a bet with 500 Naira but since your mind keeps telling you that you could win the game and why not increase the wager for max profits.

I'm not a professional in this subject, but I think greed appears in all different places and don't think you can manage it. Different lessons of failure will make us sober up about that greed
I remember a few days ago having an experience on a few gambling platforms and after a period of only losses, it no longer brought joy happy but turned into a sad state. So I think everyone needs to experience it for themselves to know its authenticity.

I think greed is a trait shared by all gamblers. I'm sure all gamblers have had such experiences and we should learn from them. Often when we place a bet with a small amount it turns out it goes according to plan and when we increase the bet it turns out we lose and all that is left is regret.

Sometimes I make targets, how many winning targets I want to achieve. If the target has been met I will withdraw all or part of the money. Then I will play the remaining money that I have withdrawn so that when loses comes I don't lose my capital

First who predicted for you? because you have told us that something came up due to game that predict for you..
so we can discuss everything that you wanted to understand .

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I sometimes do this act mate but not because of someone predicted the game for me but instead when time comes that I have this instinct that I am gonna win that round.

but trust no one from gambling , because it is your money and for you

I do not regret whatever the result of my either small or large bet is. Gambling involves risk and there are times when I am feeling lucky. At these times, my hunger for risk taking is high. It is during this times that I slightly increase the percentage of my gambling budget from 5% to 10% and rarely 15%. I do all of these not under peer pressure but base on my risk management. Maybe what gamblers call greed is what I call a thrilling seeking adventure where we never know the outcome but we love the experience in itself.

winning is luck, losing is a small thing that must be accepted when gambling, that what I think.

in this concept it all depends on the budget that I have and I will tell you about sports betting. if one day I have a slightly large budget and believe that the match I choose will win maybe I will bet a slightly large amount but if I am not sure maybe only bet part of it and if I am in doubt after betting a large amount and losing that is the right thing Its natural because of course when you bet with a small amount you are always successful or always win and sometimes we think about regret or happiness. but its all still about luck and betting using money you can afford to lose and according to plan, even if you lose all your budget, we not regret it.

Greed will influence us to keep trying to chase bigger wins, which has happened to many gamblers. But those who have this problem don't realize it or they realize it but still try to pursue a win. But they also failed to get bigger wins because they received many losses.

And when they managed to get it, they didn't immediately stop thinking they had already won a big win. They instead try to get even bigger. That is not a wise thing because from there, defeat after loss will come to them.

In the end, they will return to their original state, which is losing more money because the winnings they got previously are also lost. However, we must be able to prevent this greed by stopping gambling and saving the remaining money we have. And if we have won and immediately stopped, we can enjoy the winning money.

Emotion is the only thing to manage when it comes to gambling and trading. Greediness is part of the emotion we pour into gambling. If we cannot control ourselves we might lose depending on how much we have invested in.

Yep, greed has always been in every person's character but there are certain level to that and each individual possess a different level of greediness. If there are other people who can't control such characteristic, there are also those who can control it, that's the very reason why some people may say greediness doesn't affect them.
Your sense of responsibility and self awareness to such character will be the key in over coming it. Once or twice you've been greedy, but that doesn't mean you lost a total control over it because you've learned a valuable reason from it especially when it gave you an unfortunate outcome like huge losses or worst empty your bank account in just one casino night.
So, yeah I believe some people doesn't easily give in to their greediness and so they can say it doesn't affect them.

Greed is actually difficult for us to get rid of because it is a natural trait that every individual has when faced with money or profit. But there are always many ways to minimize our greed.
When I was young and didn't have a family, I admit that I couldn't control my greed, especially when I gambled. But as time went by, my greed subsided due to encouragement and being made aware by my partner, and because I was aware of the many necessities of life that I had to bear which also encouraged me to limit my greed when I gambled.
Everyone definitely has different ways to avoid regret and the negative impacts of gambling. For me, to avoid big regrets when gambling, first we must have a clear goal for what we are gambling for. I myself have changed my views and goals about gambling, from the beginning I gambled to hope for additional income, then I changed my view that gambling is just for fun, happy and vent my gambling hobby not to earn income.
Make sure that when we gamble, we never assume that by gambling we can increase our income to meet our living needs and bills!. Then we have to set limits on the money we use for gambling. So winning or losing the money that we have limited will not be too burdensome for us.
In essence, in my opinion maturity of thought and life experience is an effective way to make ourselves aware so that we don't always become greedy in gambling.