How greedy you are ?

[adzino]

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

[98problems]

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

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.

[aakashsangwan]

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.

[misterycoins]

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

[masterzino]

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

[Patatas]

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.

[Shogen]

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

[Buziss]

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.

[patt0]

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

[jayce]

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.

[SyGambler]

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

[titibach]

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.

[harizen]

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.                                                                                                      

[tyz]

Greed is the greatest danger for success. So, I learnt to usually stop being greedy when I won two or three times in a row. If you try to compete your luck more, then you usually will lose all again

[ticoti]

I try to get the profit when I have it because I know that I have a high chance to lose it if I keep playing with a high objective

[foxbitcoin]

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

the most important thing, After loosing money on a bet, don't get emotional and put big sums on stupid bets in hope that it will recover your losses

[jayce]

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.

I think you haven't tried any dice gambling site, that's why you never feel greed. But I saw your post in other thread and stated that your most favorite gambling is sportsbook. Then what about your promise? 

[Herbert2020]

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.

I think you haven't tried any dice gambling site, that's why you never feel greed. But I saw your post in other thread and stated that your most favorite gambling is sportsbook. Then what about your promise? 

feeling greedy in gambling always is bad and will lead to the person losing his money. but if he think over his strategies and start being smart then he can use this greed for good purposes.

but greed in gambling on dice is never ever good, because it is 100% chance and you are going to lose in the end . so it is better to stop now rather than later.

[Dennis7777]

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 ?

No it doesn't. I have full control of my greed and I play for fun only.
Sometimes I win and sometimes I lose, but the amount I win or lose is tiny and doesn't really affect me.