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Gambling to many people is just a way of fun and spending free moments, but to some others, gambling is a way of making passive income well the both are right but how we handle our responsibility matter in our entire well-being.

Many gamblers have become addicted because of the quest to make more profits and some run into debt just trying to recover what there have lost in gambling all because of uncontrolled greed.

First, we have to understand what greed is and how it affects our decisions in gambling.

 (Greed) is letting your desire to make excessive profit-taking the major part of your decision making, this has led so many gamblers to make an unhealthy decision at all time and as a gambler, we must stay away from greed because of its aftermath negative effect

Greed will be always the worst thing in any activities you'll do in your life. In gambling, greed gives you the "you're gonna be s millionaire" mindset but the sad truth about it is you're not. Greed will blind you to see the truth, the reality about how you play gambling, that's why you'll continue to gamble your money even though you're not making any profits and convincing yourself that you're enjoying it, so why stop.

Greed is a killing factor not just in gambling sector alone but in life generally. What greed does to a gambler is exactly what death does to a criminal. Once a gambler removes fun from his/her motive of gambling such is set to attract emotional trauma if the entire money goes down most times it might keep such in perpetual debt. Keep the gambling for just for fun.

You are right.
Anything that is excessive and greedy is bad. It will create problems for yourself that end up regretting. You have to know when you start and when you end. You must have a good plan for your actions. Usually a greedy person will have a sad ending. In history I have never heard of a greedy person living a quiet life.

In terms of gambling, I believe this is the most difficult to overcome because we all know that if we keep winning, controlling our emotions becomes increasingly difficult unless we are used to it. Greed causes people to lose a lot of money because they are unable to control their bets, resulting in large losses. Usually, this happens in all-in bets because you thought you could double your money but it was a loss. The issue now is that it is extremely difficult to maintain control but hoping that over time you could control it.

I don't know if anyone of you experience this, mostly here's what happen to me: Placing small bets (doesn't care) > win > win > more winning > started to get serious > win > win. From this point I can choose whether to enjoy my winnings or be greedy and of course choose to be greedy and I ended up losing all.

Greed is really dangerous all round, not only in gambling. A greedy gambler cannot earn and hold much because of his/her insatiable nature. I have once been in a gambling house in my country and witnessed someone who came in to gamble on virtual games, after two games he made an amount not so big but like three times what he brought to gamble with.

Instead of him to call it quits for that day and take his earnings away, he decided to play some more games probably thinking that he will make more. He played some more and lost all the money he made including the original amount he brought in with him and left sad and depressed.

This is a perfect example of greed in gambling that can lead to loss of capital and profit and can also cause sadness and depression.

Passive income is "doing nothing" by its definition. If you get some income via gambling, it's still active income (even if you use auto play feature). Passive income in gambling is when you invest in the house bankroll.

Gambling is the "game of greed." Without greed, there's no gambling.

I know a person who invested like 5$ worth of Bitcoins on Roobet and then he ended up making 300$, that was really lucky. For me if I do something like that, I end up loosing everything. Gambling is not a way to make passive income for sure. You have to understand that there are games which are not just based on luck but also skills and these are the one's that you can use to see how far you can go. But when you talk about a game like *crash* it should more or so be a one time thing, these games do not end well if you continue to play. That's where the addiction starts tho, you have to careful and when you see that you are loosing your stance you should take a break and get help with addiction through various services, most of them are free.

Being greedy in gambling means you don't have the satisfaction and you will just always lose in the long run.

The basic requirement for responsible gambling is to be responsible, because that's the only way you'll be able to minimize the risk and if you will develop your skills, you might also become one of the few gamblers who are successful of making a living in gambling.

Wait I'm confused, how is gambling considered as 'passive income' ? You are literally engaging yourself against the odds without any guarantee of income on your part. Gambling cannot be, and will never be, considered as passive income (unless you are the owner of the gambling website/establishment).

Gambling is indeed, the game of greed. Without any self-discipline and control, one would have to suffer the consequences of losing all of their resources. Like what most have mentioned, greed is what calls the gambler on getting stuck on the gambler's cycle.

Greed is the mother of all evils I would say and this is no different in gambling.I think the only driver which drives the criminals is greed,they want more and fast and without being tired by working like all of us do.Greed can make you go broke if you don't know how to control it.In gambling it can make you play more and more until you go broke.Once it does that the next step it can make you become addicted as greed tells to keep playing no matter what.If greed gets you the best you can do is quit immediately gambling and stay calm and think for a few moments,you will realize nothing good can come out of it.

I guess, we have a lot of similar discussions already pertaining to this topic. However, let's accept that greed is human nature. So it is up to you as a gambler, how you will manage such behavior. At the end of the day, no one will take care of your business but yourself. You always need to keep in mind your goals why you are in this industry. If you can't afford, better stay away while you can control yourself.

Greed is one factor affecting most of us in gambling and even any other investment we must come to terms with the fact that greed and being overly emotional is a loser attitude and have to distance ourselves from greed as it destroys our resources all in the quest to accumulate unmerited profits.

We all know the answer is "Losing" if you are greedy you wanted more and more wins until you lose. That's always the ending if you choose to be greedy, in other words you will not stop being greedy until you experience lose, it just show that being greedy is not really good especially in playing gambling games.

Couldn't agree more. Not knowing when to stop is a common unhealthy decision that somehow leads to loss instead. For the lack of better word we call it greed. We don't stop when we are winning.

Every gambler must have experienced this first hand especially when they think they have discovered the greatest strategy to make gambling as source of income.

no one likes to lose money, everyone gets angry when they lose money, that's a fact. It is precisely because people lose money that they continue to play and make debts because they think that with this they will be able to recover the losses, but time makes them addicted to games. then there is the problem of high expectations that people create, when they win they start to think they can get rich fast and here they start to become greedy making bets with higher amount of money so that they can get high profit in case of victory , but when they lose money they get angry and don't give up, they start to borrow money or sell goods to continue the game and end up poor, in debt and addicted

actually this topic is often discussed, basically greed in gambling depends on how the person responds to gambling, as a pleasure or as an outlet? That greed mentality usually comes when he keeps wanting more and that's the point.
Not being able to control profits, trying to get more lucky than now, until in the end it's not profit, just in addition to uncontrollable addiction, he will fall into gambling control. Even though ideally we are the ones who control gambling, not us being controlled.

Even if we understand our problem, it doesn't necessarily mean we could solve it already. A lot of the factors that people face with their problems is the acceptance of the situation is. Either you can do anything about it, or you cannot or are not willing to. That's mainly the dilemma that we people face in our daily lives and whether or not someone will get hurt eventually if you didn't tread lightly. Whether it's your family or just someone who cares about you.

That's the part where people tend to fail, the wants that you want to get over the necessity on things to do and greed is just one of them, and the feel of the rush with gambling would make it even worse.

We have a local saying here *You can't take down the house*, and that is true.

If you have this kind of mentality whenever you play in a landbase or online casino, you will end up losing more. That's why you don't need to be greedy, if you have won big already, it's time to cash out or withdraw your funds. Otherwise, you will be carried by greed and think that you can still make more profits because you are lucky that time. But we all know the "science" behind it, - house edge. Sooner or later house edge will caught up on you and the ending? You lost everything.

Greed would be one of the emotions that dominate the player who ends up having problems. Not infrequently the player who has problems with the game knows that he should not play anymore, that he has played too much and that he should not try to recover his losses. And conversely, the one who has a stroke of luck and wins a good jackpot, the best thing to do is to go away and enjoy the money, but the one who does not control his emotions cannot stop and ends up losing everything and more.

People who are very emotional, better stay away from gambling.

The ability to control greed is what differentiate a good gambler and a bad one,there are some gamblers who had luckily won some bets and earned some reasonable amount of bucks, instead to call it a day and leave for another day but rather due to greediness and the lust to win massively, they will stay and continue to gamble until they lose all their profits and ended in negative, to make matter worse some continue to gamble blindly and increase their stakes in a bid to recovering their lost funds but ended up bankrupted, all these can be attributed to addiction which is a very serious challenge in the lives of some gamblers.

for now, gambling is indeed one of the reasons for some people to seek pleasure and profit from it.
but this is not too much and do not be greedy with you gambling because this will not be profitable for you but on the contrary will trouble yourself and make you lose.
do it naturally and don't get carried away by lust when you are in this realm, but what you get now is often different, both in defeat and victory, sometimes people at that level become forgetful and don't care about anything. when he wins, he will continue to gamble again and again in the hope of increasing profits so that even more and when he is in a loss phase no matter what is at stake in the hope of returning the losses he received.
but this is wrong because something that starts with greed and lust alone will bring you in trouble and loss

I was once, succumb to greed, and all that I got was a failure, for example, I was once don't know to read the movement of Cryptocurrency mostly Bitcoin, and I have gained enough in the increasing value of bitcoin but I still didn't sell an amount I have gained, so the next day the value just dip to a lower amount that I freak out and have sell it to a lower value, but when it comes to gambling I think the same thing is happening aswell when a person experience pleasure in gambling the body release dopamine that triggers the greed of excitement, to still play more.

We have really discussed greed a couple of times on this very board and I know it's one topic that can't just be overemphasized because as gamblers we need to be reminded constantly about what greed does to high-profit seekers and how it enslaves the minds of people who forsake the fun of it and seek for passive income leading them slowly into addiction. I think this is just like a constant reminder

Greed isn't just a gambling thing you know, it's a measure emotion that compromises investment plans too. It's a very serious matter that has made so many persons go bankrupted and some even look for the easy way out by ending their life.
Greed always steps in when you've got unchecked desires to use a single move in solving all your problems or perhaps, you won in one step and all of a sudden, you feel its your lucky day and as such, your in to win. Another way is, being affected by the success of others around you such that, you wish it were to be you and as such, you go about taking steps without proper consideration of the stakes.
One way to put your greed in check is,

* Aiming for that which has a logical conclusion and such archiveable and
* Knowing when tovcabit a day.

Putting greed in check could save your life.

Both are not right. The first guy, who  gambles for fun is the one that knows what gambling is. The other guy who gambles for making "passive income" doesn't know what gambling is or how it works. You can never earn passive money through gambling. Keep on gambling and if you are unlucky you will be losing a lot of money. Be like the first person. Gamble for fun. Think of the profits as extra reward for having fun.

It's an act that is hard to resist. But you know, there are greedy people who are not changing despite massive losses.

That's what you called a responsible gambler. There are lots of big losses that happened in the gambling world but some of them are still on their usual traits. Of course, they feel the pain of losing but knows how to accept the defeat and are able to move on.

Greed is just the reason why I'd lose my winnings, also thinking a game will provide income overall regularly is quite greedy vs the normal idea is has to be earnt.   Mostly its unrealistic, also those who recognize good luck and banks some of their capital in respect of that should do far better on average those who believe they deserve all good luck continually.  This amounts to acting greedily hence greed is not good or profitable in betting.  Stay humble walk away richer whenever possible  8)                                                                                                            

When we can control greed, can we control our emotions in defeat? can we give up today's big defeat and avenge it tomorrow? After seeing how the game spins we may have thought of a few tricks, this is like a suggestion in the mind. Feel the next game we can return all previous defeats, even be the end for us.

Greed is good for sometime since this would really be giving out some  dedication for you to pursue your goals since you do aim to make yourself better and i do mention about some scenario that arent
talking about gambling but rather on investment.

When everything turns out to be excessive then this is the time where things becomes wrong specially in gambling.It will really result into addiction and total wreck
if you do force out yourself to chase  profits

Effects? We do already know that greed is  never been good in most cases.This is why we should really try to control it as we can.

Losing all the money that he won is usually the case when you become greedy, sometimes the greedy gambler enjoys too much of his luck that he runs out of it after pushing for more. This happens over and over to addicted gamblers that they are already indebted. We know how it ends because one effect leads to another, probably lives under the basement of their parent's house.

Greed in my opinion is one of the worst things human beings can have!!

I believe that anything that is excessive and greedy will be harmful to the person. Unfortunately I know several people (including friends) who have lost practically everything they have because of greed (related to gambling as well).

Being greedy is not good at all because all your winnings are useless because you continue to gamble and for sure you’ll just lose that money again because of being greedy. We know having a bad emotion in gambling is not good, being greedy will result to addiction, we should avoid this just of emotion at all cost.

Not to glorify greed but i think sometimes you need it, those guys we hear about winning millions from a couple of dollars would never have done it if it wasn't for greed, imagine off a $100 you have a cashout option of $10000 many would take the deal and a few greedy gamblers will go all the way hoping to catch the millions.