Effects of Greed in Gambling

[Poker Player]

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.

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[gabbie2010]

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.

[herurist]

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

[YuginKadoya]

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.

[Zilon]

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

[Smartvirus]

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.

[adzino]

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.

-snip-

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.

[goinmerry]

(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

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.

[STT]

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                                                                                                              

[huu78]

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.

[dunfida]

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.

[cabron]

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.

[gagux123]

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).

[crzy]

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.

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.

[Woodie]

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.