How greedy you are ? - page 70. | Bitcointalksearch.org

harizen

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Quote from: titibach on July 28, 2015, 08:27:49 AM

No im not greedy on anything, that why im enjoying my life without any worry about less money or work like a machine..

But i had a time when im betting on football event on Europe Cup, and it was disaster to my life, that was the first and the last time i promise it... I dont want make stupid move anymore.

Well for me , betting on sports is not a greedy move. Its just that you place your bet on the wrong team. But hey at least you support your team hehe.

titibach

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No im not greedy on anything, that why im enjoying my life without any worry about less money or work like a machine..

But i had a time when im betting on football event on Europe Cup, and it was disaster to my life, that was the first and the last time i promise it... I dont want make stupid move anymore.

SyGambler

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guess who's back

Quote from: jayce on July 28, 2015, 06:55:18 AM

Quote from: Patatas on July 27, 2015, 09:30:28 PM

I'm not greedy, I always stop whenever I win enough bitcoins then continue the next day
I always stop when I win, but greedy people stop only when they lose.

I think if you get big winning, you wont get satisfied easily, and will play again no matter how much you have to spend it. People will be greedy when they can win big bucks previously and force their luck to bet again and again.

well you have just defined what Greed is , and that plays a main factor in -EV games
people who can be satisfied with some winnings will have a better chance to keep their bankroll with that small profit

jayce

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Quote from: Patatas on July 27, 2015, 09:30:28 PM

I'm not greedy, I always stop whenever I win enough bitcoins then continue the next day
I always stop when I win, but greedy people stop only when they lose.

I think if you get big winning, you wont get satisfied easily, and will play again no matter how much you have to spend it. People will be greedy when they can win big bucks previously and force their luck to bet again and again.

patt0

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Quote from: Shogen on July 27, 2015, 10:39:20 PM

Quote from: 98problems on July 27, 2015, 11:53:32 AM

Quote from: srgkrgkj on July 27, 2015, 11:38:12 AM

Quote from: 98problems on July 27, 2015, 11:34:29 AM

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

i tried to recover from my looses too when i was a newbie on gambling though after a few times i noticed that if you want to be successful in it you have to undergo all your looses and try again later, its much more better than betting non stop

varience also plays a part in this so after a bad streak you are more "likely" to get a good streak (which is why people try prerolling and more lol)

how? even after 50 looses in a row if you play on 50 per cent chance its still 50 per cent possibility that you will loose yes? or am i getting something wrong about game of luck?

That is the famous Gambler's fallacy.
Some people (in fact quite a large proportion of people I see here and in Vegas) somehow believe the game has memory. If the roulette ball lands on red multiple times, it will land on black more likely next time, which is obviously not true.

I don't think it's that simple. I mean yes game has no memory, so you are totally correct. That isolated event has the same odds that the game provides itself. Every toss of a coin has 50% chance, and even after 50 heads in a row, that 51 toss will have 50% chance of either head or tail, but if you stick to one of them you are decreasing variance, because the odds itself on the long run will tend to be 50% of heads and 50% of tails, because those are the odds of the game, so if you have 50 heads in a row (which is a almost an impossible event, it's very close to 0 in 1 Million tosses), you should stick to tail because in the long run, assuming the coin is not rigged, those to events will balance themselves.

Buziss

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I consider myself not greedy at all.
I set a target before I play and will stop right there if I am lucky that day. When I am not lucky, I never chase my losses.

Shogen

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Quote from: 98problems on July 27, 2015, 11:53:32 AM

Quote from: srgkrgkj on July 27, 2015, 11:38:12 AM

Quote from: 98problems on July 27, 2015, 11:34:29 AM

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

i tried to recover from my looses too when i was a newbie on gambling though after a few times i noticed that if you want to be successful in it you have to undergo all your looses and try again later, its much more better than betting non stop

varience also plays a part in this so after a bad streak you are more "likely" to get a good streak (which is why people try prerolling and more lol)

how? even after 50 looses in a row if you play on 50 per cent chance its still 50 per cent possibility that you will loose yes? or am i getting something wrong about game of luck?

That is the famous Gambler's fallacy.
Some people (in fact quite a large proportion of people I see here and in Vegas) somehow believe the game has memory. If the roulette ball lands on red multiple times, it will land on black more likely next time, which is obviously not true.

Patatas

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I'm not greedy, I always stop whenever I win enough bitcoins then continue the next day
I always stop when I win, but greedy people stop only when they lose.

masterzino

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Quote from: misterycoins on July 27, 2015, 01:57:50 PM

I Won about a 5 on PrimeDice myself. Hardest part is to know when you should stop.
Went back later and lost everything so yea rip

I am greedy I will play until I win infinitely many coins ... just joking i can stop when I feel it is enough

misterycoins

sr. member

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I Won about a 5 on PrimeDice myself. Hardest part is to know when you should stop.
Went back later and lost everything so yea rip

aakashsangwan

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PUGG.io

I know that people loose more money than they win on the gambling sites.
So I prefer to play online with virtual money just for fun.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: 98problems on July 27, 2015, 11:53:32 AM

how? even after 50 looses in a row if you play on 50 per cent chance its still 50 per cent possibility that you will loose yes? or am i getting something wrong about game of luck?

Yes, even after 50 red losing streak your chances are still the same that is you still have a 50% chance on winning that next bet.

98problems

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Quote from: srgkrgkj on July 27, 2015, 11:38:12 AM

Quote from: 98problems on July 27, 2015, 11:34:29 AM

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

i tried to recover from my looses too when i was a newbie on gambling though after a few times i noticed that if you want to be successful in it you have to undergo all your looses and try again later, its much more better than betting non stop

varience also plays a part in this so after a bad streak you are more "likely" to get a good streak (which is why people try prerolling and more lol)

how? even after 50 looses in a row if you play on 50 per cent chance its still 50 per cent possibility that you will loose yes? or am i getting something wrong about game of luck?

adzino

copper member

Activity: 2968

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www.Crypto.Games: Multiple coins, multiple games

Quote from: srgkrgkj on July 27, 2015, 11:38:12 AM

Quote from: 98problems on July 27, 2015, 11:34:29 AM

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

i tried to recover from my looses too when i was a newbie on gambling though after a few times i noticed that if you want to be successful in it you have to undergo all your looses and try again later, its much more better than betting non stop

varience also plays a part in this so after a bad streak you are more "likely" to get a good streak (which is why people try prerolling and more lol)

This is not true. Your next roll has no correlations with your previous rolls! All pre-roll does is change your seed hash.

srgkrgkj

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Activity: 1218

Merit: 1000

Quote from: 98problems on July 27, 2015, 11:34:29 AM

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

i tried to recover from my looses too when i was a newbie on gambling though after a few times i noticed that if you want to be successful in it you have to undergo all your looses and try again later, its much more better than betting non stop

varience also plays a part in this so after a bad streak you are more "likely" to get a good streak (which is why people try prerolling and more lol)

agustina2

legendary

Activity: 2436

Merit: 1008

How greedy I am? Until Im not satisifed I will play and play. And besides I bet only for small amount. No worries even If Im lose but much better If I will win.

98problems

sr. member

Activity: 364

Merit: 250

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

i tried to recover from my looses too when i was a newbie on gambling though after a few times i noticed that if you want to be successful in it you have to undergo all your looses and try again later, its much more better than betting non stop

patt0

legendary

Activity: 1694

Merit: 1005

Betting Championship betking.io/sports-leaderboard

Quote from: adzino on July 27, 2015, 09:52:31 AM

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

Recovering is the worst thing you can do. You should always stop when you think you have lost enough instead of trying to chase back your loses. And why do you even have to run after your loss? Were you not just gambling the money you didn't need?

I agree with adzino.
You can gamble for fun or be a poker or sports betting pro, but they both have something in common and that is the bankroll management. In either of them you can only bet the money you already know you can lose so you can have fun if that is your purpose or so you can keep your focus on what you are doing if you are there to make a living out of gamble. If you are chasing your losses you are nervous and in bad emotional shape so you will not having any fun, and you will not think straight which will make just lose more and feel bad about it.

So yeah that is the main rule about gambling that people really have to master, only bet what you can really lose without getting emotional about it. You can be mad for the bad decision or bad luck, that is normal, but you can't be mad for the loss of money, thus you can't try to recover it. That can't be the purpose or gambling.

adzino

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Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: apriyani420 on July 27, 2015, 09:24:32 AM

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

Recovering is the worst thing you can do. You should always stop when you think you have lost enough instead of trying to chase back your loses. And why do you even have to run after your loss? Were you not just gambling the money you didn't need?

apriyani420

sr. member

Activity: 406

Merit: 250

Quote from: jayce on July 27, 2015, 09:05:47 AM

I was playing smart until got some bucks, then I couldnt stop my greed and lost everything Cheesy

I played again to recover my previous loss, and I lost it again. Bad luck.

it always happen to me also if i try to recover my losses for example of 5 dollars i play more and more and end up loosing like 20 dollars or even more money, i have to block the websites on my pc to avoid loosing

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