How greedy you are ? - page 71. | Bitcointalksearch.org

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: panjul07 on July 26, 2015, 10:03:59 AM

Quote from: Hexcoin on July 26, 2015, 09:28:25 AM

Quote from: WalkerIVIV on July 26, 2015, 09:18:24 AM

Quote from: SyGambler on July 26, 2015, 07:02:09 AM

setting micro goals is the best thing to do when gambling since there is no working strategy
by doing this people won't be greedy , so after reaching the goal which should be really small amount people shouldn't gamble till the next day
this may safe many from greed and chasing their lost money

no it's not cause you earn 1% 100x and when you lost 100% one time you're over Cheesy

The guy never said to gamble with 1.01 odds. He probably means that you can gamble and stop when you won even small amounts, like what im doing

I think you're right...what I understand from what SyGambler said is that he will stop gambling when he get small profit after playing several hands/rolls/spins/bets depends on what game he play (not in one bet only)

yep that exactly what I meant , I didn't mention anything about how to bet or what payout to use
I meant that if your goal is to win 1% of your bankroll daily you should immediately stop after hitting it
cause there are many people win a good percentage and they keep rolling for a long period and increase their bet limits

jayce

legendary

Activity: 2982

Merit: 1506

Pie Baking Contest: https://tinyurl.com/2s3z6dee

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.

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: fox19891989 on July 26, 2015, 10:35:03 AM

Quote from: patt0 on July 26, 2015, 09:39:20 AM

I enjoy gambling, mainly in poker and sports bet. To be honest I think these 2 are a different kind of gambling because you can get them to be profitable if you are skilled, so it's not just a matter of luck like pure casino (dice, roulette, etc). You can however lose a lot in any of them, either the pure luck ones, or the ones with skilled involved, if you don't have an objective, and stick to it.

That's what makes you loose money, is the lack or a clear strategy with your limits for losses and profits well determined. So in my opinion is the lack of discipline and bad emotional control that makes you lose money, and not the gambling itself.

u are right, i remember a poker whale who has earned over 800k USD online, he said that gambling the thing which the odds he can control, like poker, sports betting. That's why we can see lots of good players are earning money on poker and sports in long term, very few guys are profitable on casino games in long term.

Well on long term casino its very hard to be profitbale on higher volume betting. With poker there are many players who have earned over 1 mil maybe the number is several hundred people quite easily.

Derrike

member

Activity: 84

Merit: 10

yup i have lost shitload of money in gambling but not real one but in virtual world. So i am a happy lad.

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: Tongkar on June 04, 2015, 10:32:03 AM

The only winners are the people that don't gamble.

Maybe but then some people only gamble what they can afford to lose and are successful in other walks of life, its just fun to them:

https://www.youtube.com/watch?v=eNAqNwD8BJ4

grendel25

legendary

Activity: 2296

Merit: 1031

I did that a lot when I first started. It's easy to get caught up in a winning streak and then forget that the same losing streak can come just as easy. It's also easy to get sucked into the idea of high win percentages offered by dice sites. But when you bet a 90% win chance don't forget that you can still very easily get four losses in a row and wipe out your strategy and bank roll. But that's how the odds are setup. They are there to make you think you have a good chance when the reality is that you should set very modest win goals and then get out when you hit that goal.

Erza

legendary

Activity: 1078

Merit: 1000

Quote from: SyGambler on July 26, 2015, 07:02:09 AM

setting micro goals is the best thing to do when gambling since there is no working strategy
by doing this people won't be greedy , so after reaching the goal which should be really small amount people shouldn't gamble till the next day
this may safe many from greed and chasing their lost money

I already try that method setting a low goals but its kind not enough and mostly after I win it I will addicted t it and in the end I will lose all of my bets. That is just the same for the next day, its hard for me to control my winning rate, always want to earn more and more. Seems its not effective for addicted player like me Grin

fox19891989

hero member

Activity: 840

Merit: 1000

Quote from: patt0 on July 26, 2015, 09:39:20 AM

I enjoy gambling, mainly in poker and sports bet. To be honest I think these 2 are a different kind of gambling because you can get them to be profitable if you are skilled, so it's not just a matter of luck like pure casino (dice, roulette, etc). You can however lose a lot in any of them, either the pure luck ones, or the ones with skilled involved, if you don't have an objective, and stick to it.

That's what makes you loose money, is the lack or a clear strategy with your limits for losses and profits well determined. So in my opinion is the lack of discipline and bad emotional control that makes you lose money, and not the gambling itself.

u are right, i remember a poker whale who has earned over 800k USD online, he said that gambling the thing which the odds he can control, like poker, sports betting. That's why we can see lots of good players are earning money on poker and sports in long term, very few guys are profitable on casino games in long term.

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: Hexcoin on July 26, 2015, 09:28:25 AM

Quote from: WalkerIVIV on July 26, 2015, 09:18:24 AM

Quote from: SyGambler on July 26, 2015, 07:02:09 AM

setting micro goals is the best thing to do when gambling since there is no working strategy
by doing this people won't be greedy , so after reaching the goal which should be really small amount people shouldn't gamble till the next day
this may safe many from greed and chasing their lost money

no it's not cause you earn 1% 100x and when you lost 100% one time you're over Cheesy

The guy never said to gamble with 1.01 odds. He probably means that you can gamble and stop when you won even small amounts, like what im doing

I think you're right...what I understand from what SyGambler said is that he will stop gambling when he get small profit after playing several hands/rolls/spins/bets depends on what game he play (not in one bet only)

shanem

legendary

Activity: 1344

Merit: 1000

I have learnt that it does not pay to be greedy.
Once you have reach a limit that you have set, you should leave and gamble another day.

patt0

legendary

Activity: 1694

Merit: 1005

Betting Championship betking.io/sports-leaderboard

I enjoy gambling, mainly in poker and sports bet. To be honest I think these 2 are a different kind of gambling because you can get them to be profitable if you are skilled, so it's not just a matter of luck like pure casino (dice, roulette, etc). You can however lose a lot in any of them, either the pure luck ones, or the ones with skilled involved, if you don't have an objective, and stick to it.

That's what makes you loose money, is the lack or a clear strategy with your limits for losses and profits well determined. So in my opinion is the lack of discipline and bad emotional control that makes you lose money, and not the gambling itself.

Hexcoin

hero member

Activity: 504

Merit: 500

Quote from: WalkerIVIV on July 26, 2015, 09:18:24 AM

Quote from: SyGambler on July 26, 2015, 07:02:09 AM

setting micro goals is the best thing to do when gambling since there is no working strategy
by doing this people won't be greedy , so after reaching the goal which should be really small amount people shouldn't gamble till the next day
this may safe many from greed and chasing their lost money

no it's not cause you earn 1% 100x and when you lost 100% one time you're over Cheesy

The guy never said to gamble with 1.01 odds. He probably means that you can gamble and stop when you won even small amounts, like what im doing

pissedoff

hero member

Activity: 616

Merit: 500

I lost some money on the football world cup because one game went to extra time which I bet on to win before extra time. that was a pain in the ass as i would have won in the excess of 50 bitcoin. but my initial bet was only something like 0.8 it was a parlay which I won all the rest.

other than that i havent lost anything and have broke even or gain a little profit elsewhere

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: SyGambler on July 26, 2015, 07:02:09 AM

setting micro goals is the best thing to do when gambling since there is no working strategy
by doing this people won't be greedy , so after reaching the goal which should be really small amount people shouldn't gamble till the next day
this may safe many from greed and chasing their lost money

no it's not cause you earn 1% 100x and when you lost 100% one time you're over Cheesy

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

setting micro goals is the best thing to do when gambling since there is no working strategy
by doing this people won't be greedy , so after reaching the goal which should be really small amount people shouldn't gamble till the next day
this may safe many from greed and chasing their lost money

maku

legendary

Activity: 1288

Merit: 1000

I am always being greedy. That is in the human nature to lust for things. You just need to be cool about and know where is your limit.
For example if you are betting your last money and expecting to win and then you lose you know that this is not the correct way of dealing with greed.
Crete set of rules and follow them no matter what, take control of your greed this way. Think of the consequences and your greed will help you gain more.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

I'm not greedy, just because I'm playing only with small amount of bitcoin, usually worth under 10 USD:)

anyway, I had a rule - if I sent something out, I will withdraw only once "investment" is doubled or in case of loose, I will not send additional BTC to somehow "cover it"

also is cool to read: https://en.wikipedia.org/wiki/Gambler%27s_fallacy before gambling:)

crazyjack

legendary

Activity: 1315

Merit: 1002

Second poll answer is contradictory, how can be gambling playing smart? The gambling itself represent the absence of reason and sanity, right? I mean if you play smart you expect some profit at the end of some game session, like investing? The other side of the story in playing for fun what i do, playing for fun, not taking care of my outcome, cause having fun is not always very bright idea, like drinking all night.

g1974ak

newbie

Activity: 14

Merit: 0

Quote from: RappelzReborn on June 04, 2015, 10:21:03 AM

Wanted to know how greedy people actually are , I'am personally not into gambling with the real meaning to be honest
however I see a lot of my friends says "im stupid" and stuff like that , because they start earning a lot on the begining then they get greedy and lose basically all , does it happen to you ?

I am tempted to gamble but I have not belief that it will be possible that I can win. I have heard my friend who have gambling that have lost money and never no one have won (or only irrilivant amounts that were lost immediately after gambling again). So better don't try. Have no money to lost. Wink

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: adaseb on July 26, 2015, 01:16:42 AM

Quote from: nydiacaskey01 on July 25, 2015, 06:23:00 PM

judging myself would make me feel really wrong.
give me enough money to feed myself and an extra 50$ every week and I'll be happy. am I greedy?

Doesn't mean you are greedy but what happens if you lose $50 every week instead of making $50. You will start betting $100, and then $200 and then $400, and that will make you greedy.

I wasn't actually talking about gambling. but I did lose 0.8BTC from gambling months ago and didn't try to recover my loss. I just stopped gambling for good.

Topic: How greedy you are ? - page 71. (Read 50874 times)