Greed can cause a lost bet, (true or false)

[3kpk3]

Is this really something we need to discuss! Grred=loss!

Is this what we are really up to?
Gres means that you are on the dark side, you are on the losing side..sorry, I can't promote a greedy person as a successful person, that he will never be. .

This is not completely true though. Most of the successful people in this world are actually extremely greedy and ambitious though they seldom show it for obvious reasons despite the fact that it's a bad quality.

It's ok to be greedy sometimes if you ask me as long as you don't cross certain limits and your intentions should be pure.

[Ziskinberg]

it's more of a 25/75. So, let us all practice responsible gambling.

What do you mean by that? If it's the chances of a gambler/gambling site, then gambling is not fun anymore. Let's be realistic. Although it's true that the house always wins, it does not work for all types of gambling. If you are into sports betting, you'll understand that it's not 25/75, as some successful gamblers focus on sports betting.

Don't take his comment literally since it's a hyperbolic statement with the intent to emphasize the casino advantage over the players dueto many factor such as human error(greed,impatience,et.), house edge and more.

Gambling chances of winning varies on the type of game you are playing since each games has a different set winning chance depending on the options. It's that gambling is less fun if the chances of winning is very low but if we think on the return for winning that low chance then we can still enjoy it if we manage to hit big time.

What he meant by that is that the chances of losing most games is always higher than winning the game. Gambling winnings is based on the kind of game that one is betting on. There are some games that is based on skill,knowledge and luck. While some games are based mainly on luck. That that is based on luck has low opportunity of winning, compared to the game that is based on skill.

To wrap it up in gambling one can never win the house edge and if we put this in mind then we will accept our losses with fate. When one is greedy he will only be focused on one side which is winning and end up losing more instead of quitting.

Let's focus on the chances here, the house edge over the gamblers. Stating it as a hyperbolic statement emphasizes the advantage of the gambling site, suggesting that gamblers like us don't have a fair chance to win in gambling.

I'd also like to emphasize that we have gambling types like sports betting where we can win, but it's not against a gambling site since they merely facilitate bets from both sides and make money from the juice or commission. Our attitude towards gambling does indeed affect the outcome, and if we become greedy, it increases the likelihood of losing, just like how a gambling site might lose their funds if they are vulnerable to hacking. However, that's out of the topic, as I solely wish to emphasize that we can win in gambling, even in the long run, by believing in our chances and ensuring consistency.

[masulum]

Cmon bro whats a man without his greed   . And am speaking from experience too, there are many times where one plans to go away with their winning but instead end up going away with nothing because of the opposite taught of how you could gather more instead of the one you intend going with and this was my major problem when I was letting my greed in the way of my gambling life.

haha, thats true, greed is an inherent aspect of human nature, and in our modern lifestyle, it's challenging to avoid it. personally,  i'll admit, i'm not immune to greed, struggling to maintain control over my winnings. when i win $100, i crave $150, and when that's achieved, i yearn for $200, only to find myself losing it all eventually.  :p, sometimes this is like a joke, not stopped when get win and in the end i play for nothing can withdraw. 

[Fivestar4everMVP]

Is this really something we need to discuss! Grred=loss!

Is this what we are really up to?
Gres means that you are on the dark side, you are on the losing side..sorry, I can't promote a greedy person as a successful person, that he will never be. .

This is not completely true though. Most of the successful people in this world are actually extremely greedy and ambitious though they seldom show it for obvious reasons despite the fact that it's a bad quality.

It's ok to be greedy sometimes if you ask me as long as you don't cross certain limits and your intentions should be pure.

Well, it s the same ive said before though, being greedy for and on the right things isnt a bad thing to be honest, for example, using gambling now as a point of reference, being greedy for more money on a certain level that is healthy isnt a bad thing until the gambler begins to go above that level that it is considered healthy, the real problem here is that, most people do not know exactly where to draw the line, or until which level it becomes bad, so they tend to consider anything greed as a bad thing whereas its not.

Every business in the world is greedy for more profit, but what that greed drives them into doing will tell if their greed level have gone above the level its considered healthy and not bad, online casino are greedy for more and more profit, that is why they keep their services open 24 hours a day and 7 days a week and 365 days a year, they never shut their system down as long as everything is running well.

[livingfree]

That is what typically happens when we gamble. When we win, the celebration is there and we want to think that luck isn't going to be out by that time.

Greed will bring to nowhere. It won't make you satisfy until you don't have anything to get satisfied because you are already lack of money and even if you want to gamble, you just can't anymore.

It is important to look after yourself because you probably don't notice it anymore that you're already greedy and satisfaction can no longer be found on you.

It only happened to me once that I was winning a lot of money in the casino and I thought I was going to double what I was winning, I don't know, for a moment I forgot the magnitude of the money I was winning, it's not much , they were 500usd, but I did them in a way that I don't remember, I know I played without thinking and by mistake in the crash games I bet 5x and it was given to me, then I didn't settle, since I had enough money to bet I began to bet on the 7x and to withdraw with that, after that it reached 3x, 2x, it never reached 7x, and the last bet I abused, I put almost everything I had and yes, I lost it, later I didn't believe it, later If I had that money, I lost it all.

Basically, you were triggered and that's why you lost it. When you're triggered, you'll be forced to bet everything that you've got.

When you got the winning already, you have to secure yourself with it so that you don't have to experience the problem later on. If a problem exists, you already secured the profit that you deserve.

And it's up to you next whether to gamble again with the remaining one but whether you lose or not, you are able to get what you need to have.

[inthelongrun]

Cmon bro whats a man without his greed   . And am speaking from experience too, there are many times where one plans to go away with their winning but instead end up going away with nothing because of the opposite taught of how you could gather more instead of the one you intend going with and this was my major problem when I was letting my greed in the way of my gambling life.

haha, thats true, greed is an inherent aspect of human nature, and in our modern lifestyle, it's challenging to avoid it. personally,  i'll admit, i'm not immune to greed, struggling to maintain control over my winnings. when i win $100, i crave $150, and when that's achieved, i yearn for $200, only to find myself losing it all eventually.  :p, sometimes this is like a joke, not stopped when get win and in the end i play for nothing can withdraw. 

This reminds me of when I played Utopia some years ago where players can choose the race they want to play, humans are one of the races and one of its characteristics is being greedy. So greed is indeed part of us and it is up to us if we are going to activate it especially when we are into gambling.

Most of the time, greed leads to losing a bet. I experienced it many times too not just in gambling but in some other ways like investing. The best way is to just follow the plan and be contented with any profit small or big.

[ethereumhunter]

dude, you are right, gaming and playing are for fun, you are very rarely going to make profit so greed is completely linked with failure, even if you make a couple of good bets and you feel chances are with you, it will not ever end up well. Anyway, the key is also to learn from our mistakes and then make some smarter decisions in the future. That's learning.

If his goal is just to have fun, he's fine with making little or even infrequent profits because he's not chasing those wins. And he also already knew that he might not be able to win like other people so he could take it well. Indeed, that's how one should treat gambling as entertainment so that he will not be trapped by his desire to win. And I agree with you about learning from our mistakes so we can make smarter decisions in the future. And we still have to learn even though our abilities have increased because this lesson will never end.

[Mr. Magkaisa]

Is this really something we need to discuss! Grred=loss!

Is this what we are really up to?
Gres means that you are on the dark side, you are on the losing side..sorry, I can't promote a greedy person as a successful person, that he will never be. .

This is not completely true though. Most of the successful people in this world are actually extremely greedy and ambitious though they seldom show it for obvious reasons despite the fact that it's a bad quality.

It's ok to be greedy sometimes if you ask me as long as you don't cross certain limits and your intentions should be pure.

     -      At this point you said I don't agree that greed is good from time to time, well, that's your assumption, because for my understanding, being greedy is not a good habit for an individual gambler, because this is what drives a gambler to become an addict.

How do you say it's beautiful? Is it because you got to the point where you won gambling? Because you won a large sum of money, is it okay for you to be greedy? most gamblers who are greedy are winners who have already lost.

[fullhdpixel]

It only happened to me once that I was winning a lot of money in the casino and I thought I was going to double what I was winning, I don't know, for a moment I forgot the magnitude of the money I was winning, it's not much , they were 500usd, but I did them in a way that I don't remember, I know I played without thinking and by mistake in the crash games I bet 5x and it was given to me, then I didn't settle, since I had enough money to bet I began to bet on the 7x and to withdraw with that, after that it reached 3x, 2x, it never reached 7x, and the last bet I abused, I put almost everything I had and yes, I lost it, later I didn't believe it, later If I had that money, I lost it all.

Well, that is what happens when you don't stop at the right time, no matter how much you've won, it is not important that you keep winning, as they say, the house will eventually win it back if you give it the opportunity. A wise gambler is someone who exits the casino at that exact moment when they see they've already won something and are ahead of the house because if they continue gambling after that, they will most likely lose everything back to the house.

That is why it is important to have a lot of patience and self-control as a gambler to be able to get some profit when you have the opportunity, we all know that it is not an easy thing to do as a gambler since you always feel like you can win more if you have managed to win this much so far.

[suzanne5223]

dude, you are right, gaming and playing are for fun

Let's be honest with ourselves. Is gaming really only for fun? We don't need to hide the true intention of people gambling 24/7 saying they are doing it for fun whereas they are doing it for fun and the chance of earning.

you are very rarely going to make profit so greed is completely linked with failure, even if you make a couple of good bets and you feel chances are with you, it will not ever end up well.

Every human is greedy by nature but the aspect of not controlling greed is what mostly leads to failure because limited to everything and when there's an excess of it it will lead to malfunction.

[Aanuoluwatofunmi]

Every business in the world is greedy for more profit, but what that greed drives them into doing will tell if their greed level have gone above the level its considered healthy and not bad, online casino are greedy for more and more profit, that is why they keep their services open 24 hours a day and 7 days a week and 365 days a year, they never shut their system down as long as everything is running well.

It is very important to know that being greedy does not make any changes to what we want to become or achieve in life, rather it will make them more far from our achievements, whereby at the end of the whole struggle we dont make profits because of our greedy nature, maybe by nature we can say everyone is being greedy for one thing or the other because we will all want to make money and have it continuously, some will also want this same offer and will not be willing to give it the demands it takes because they are greedy.

[Mahanton]

It only happened to me once that I was winning a lot of money in the casino and I thought I was going to double what I was winning, I don't know, for a moment I forgot the magnitude of the money I was winning, it's not much , they were 500usd, but I did them in a way that I don't remember, I know I played without thinking and by mistake in the crash games I bet 5x and it was given to me, then I didn't settle, since I had enough money to bet I began to bet on the 7x and to withdraw with that, after that it reached 3x, 2x, it never reached 7x, and the last bet I abused, I put almost everything I had and yes, I lost it, later I didn't believe it, later If I had that money, I lost it all.

Well, that is what happens when you don't stop at the right time, no matter how much you've won, it is not important that you keep winning, as they say, the house will eventually win it back if you give it the opportunity. A wise gambler is someone who exits the casino at that exact moment when they see they've already won something and are ahead of the house because if they continue gambling after that, they will most likely lose everything back to the house.

That is why it is important to have a lot of patience and self-control as a gambler to be able to get some profit when you have the opportunity, we all know that it is not an easy thing to do as a gambler since you always feel like you can win more if you have managed to win this much so far.

Would be most likely the case on which if you dont know on when to stop specially when you are already that profiting then those winnings would really be taken back by the house considering that we arent that lucky most of the time and specially if we are dealing or playing with gambling games which does really have that pure luck approach but if you do speak about those sports betting and some strategic game then it might take a while
but since on the time like this where your greed is activated and having that kind of all in kind of behavior then for sure those winnings would really be just break even or would be given back without being noticing until
you would really be spending up your bankroll completely and realized it but its already too late. This is something that a very common scenario on which most gamblers do really experience on, on which they would really be just starting on regretting on the time that they had noticed that their winnings had already depleted out on which they should have done it earlier on stopping. Greed could really push you up on playing even more
even there's some moment that would be telling you on stopping but since human beings are greedy and thinking that making themselves rich overnight then this would really be the primary reason on making yourself
pushing forwards until you do get wrecked.

[3kpk3]

Every business in the world is greedy for more profit, but what that greed drives them into doing will tell if their greed level have gone above the level its considered healthy and not bad, online casino are greedy for more and more profit, that is why they keep their services open 24 hours a day and 7 days a week and 365 days a year, they never shut their system down as long as everything is running well.

Casinos operate primarily thanks to the greed factor everywhere around the world. I have never heard of a casino that isn't greedy since they would have to shut shop pretty quickly obviously.

Let's be honest with ourselves. Is gaming really only for fun? We don't need to hide the true intention of people gambling 24/7 saying they are doing it for fun whereas they are doing it for fun and the chance of earning.

That depends on the person. Some people truly treat gaming and gambling as fun activities without taking them too seriously.

[uneng]

Is this really something we need to discuss! Grred=loss!

Is this what we are really up to?
Gres means that you are on the dark side, you are on the losing side..sorry, I can't promote a greedy person as a successful person, that he will never be. .

This is not completely true though. Most of the successful people in this world are actually extremely greedy and ambitious though they seldom show it for obvious reasons despite the fact that it's a bad quality.

It's ok to be greedy sometimes if you ask me as long as you don't cross certain limits and your intentions should be pure.

Well, it s the same ive said before though, being greedy for and on the right things isnt a bad thing to be honest, for example, using gambling now as a point of reference, being greedy for more money on a certain level that is healthy isnt a bad thing until the gambler begins to go above that level that it is considered healthy, the real problem here is that, most people do not know exactly where to draw the line, or until which level it becomes bad, so they tend to consider anything greed as a bad thing whereas its not.

Every business in the world is greedy for more profit, but what that greed drives them into doing will tell if their greed level have gone above the level its considered healthy and not bad, online casino are greedy for more and more profit, that is why they keep their services open 24 hours a day and 7 days a week and 365 days a year, they never shut their system down as long as everything is running well.

Then I think they should be ambitious, but not greedy. Because ambition can work nicely as an encouragement to keep working and improving more and more in order to achieve better results, while greed is an egoistical and obsessive kind of impulse which can put the person in serious financial and moral issues.

It's true most big businessmen and politicians in the world are greedy and that they have made great financial returns so far thanks to this mindset, but on the other hand, they must have sacrificed many good things on their lives that valued more than money to reach where they are right now, like the relationship with their families, friendships and the opportunity to help others and being nice to them.

So even in the cases greed is seen as a powerful tool towards success, we shouldn't be so certain about that, as we don't know the backstages of those greedy people's lives. If life is an immense set of continuous bets we execute all the time, greed may look the right path for those who are on the middle of the way, but that will inevitably lead them feeling lost and regretful on the end of their journey.

[decodx]

Let's focus on the chances here, the house edge over the gamblers. Stating it as a hyperbolic statement emphasizes the advantage of the gambling site, suggesting that gamblers like us don't have a fair chance to win in gambling.

I'd also like to emphasize that we have gambling types like sports betting where we can win, but it's not against a gambling site since they merely facilitate bets from both sides and make money from the juice or commission. Our attitude towards gambling does indeed affect the outcome, and if we become greedy, it increases the likelihood of losing, just like how a gambling site might lose their funds if they are vulnerable to hacking. However, that's out of the topic, as I solely wish to emphasize that we can win in gambling, even in the long run, by believing in our chances and ensuring consistency.

It sounds to me like you think sports betting has no house edge. That's not correct. True, in sports betting you're not directly playing against the gambling site itself, but there's still an inherent advantage for the bookies, which is how they make money. They set the odds in their favor, and that's where the house edge comes into play.

[suzanne5223]

Let's be honest with ourselves. Is gaming really only for fun? We don't need to hide the true intention of people gambling 24/7 saying they are doing it for fun whereas they are doing it for fun and the chance of earning.

That depends on the person. Some people truly treat gaming and gambling as fun activities without taking them too seriously.

Yes, it depends on the person but those that treat gaming/gambling as fun activities do so because it's the only way they can put their buzz in check to prevent addiction or unnecessary gambling.
If you know any of the gamblers that treated gambling this way ask them and they will tell you they are still hoping for a chance of good winning.

[maydna]

Let's focus on the chances here, the house edge over the gamblers. Stating it as a hyperbolic statement emphasizes the advantage of the gambling site, suggesting that gamblers like us don't have a fair chance to win in gambling.

I'd also like to emphasize that we have gambling types like sports betting where we can win, but it's not against a gambling site since they merely facilitate bets from both sides and make money from the juice or commission. Our attitude towards gambling does indeed affect the outcome, and if we become greedy, it increases the likelihood of losing, just like how a gambling site might lose their funds if they are vulnerable to hacking. However, that's out of the topic, as I solely wish to emphasize that we can win in gambling, even in the long run, by believing in our chances and ensuring consistency.

It sounds to me like you think sports betting has no house edge. That's not correct. True, in sports betting you're not directly playing against the gambling site itself, but there's still an inherent advantage for the bookies, which is how they make money. They set the odds in their favor, and that's where the house edge comes into play.

Sports betting can give gamblers a chance to win as long as the gambler can analyze to choose a team that has a higher chance of winning than their opponent. But if we talk about greed, it will not allow us to get more wins. We may have the opportunity to lose more if we are greedy because we will not be satisfied with our results. But if we can suppress that greed, it looks like we can win another day in sports betting because we can also analyze the teams that will compete to choose the team that is likely to win.

[Casdinyard]

Let's be honest with ourselves. Is gaming really only for fun? We don't need to hide the true intention of people gambling 24/7 saying they are doing it for fun whereas they are doing it for fun and the chance of earning.

Yes. Gambling should only be seen as a form of entertainment and nothing else. However, in the situation you created where people are gambling 24/7 it's plain to see that it's no longer dedicated for fun and entertainment anymore, it's seen by people as a way to earn money which it shouldn't be. And just because they do it, doesn't mean that they are right and that act is normal. It still stands that people should only gamble when they can, and they could afford the losses they will incur, if they see gambling as a form of profit earning venture they might want to take a chill pill and relax cause they'd lose more money than they can recuperate.

Every human is greedy by nature but the aspect of not controlling greed is what mostly leads to failure because limited to everything and when there's an excess of it it will lead to malfunction.

Agreed. The call of greed is not what causes you to lose it all, it's the action upon heeding this call that leads to your downfall. People (like me) would attribute the losses to greed and all that but at the end of the day, if only you had temperance and discipline you wouldn't lose all of that.

[suzanne5223]

Let's be honest with ourselves. Is gaming really only for fun? We don't need to hide the true intention of people gambling 24/7 saying they are doing it for fun whereas they are doing it for fun and the chance of earning.

Yes. Gambling should only be seen as a form of entertainment and nothing else. However, in the situation you created where people are gambling 24/7 it's plain to see that it's no longer dedicated for fun and entertainment anymore, it's seen by people as a way to earn money which it shouldn't be. And just because they do it, doesn't mean that they are right and that act is normal. It still stands that people should only gamble when they can, and they could afford the losses they will incur, if they see gambling as a form of profit earning venture they might want to take a chill pill and relax cause they'd lose more money than they can recuperate.

There's no doubt that gambling should be seen as entertainment but that's for people who can't control their buzz so they could avoid being gambling addicted.
Nevertheless, the major concept of gambling is not only for entertainment because it was also created for earning chances.

Every human is greedy by nature but the aspect of not controlling greed is what mostly leads to failure because limited to everything and when there's an excess of it it will lead to malfunction.

Agreed. The call of greed is not what causes you to lose it all, it's the action upon heeding this call that leads to your downfall. People (like me) would attribute the losses to greed and all that but at the end of the day, if only you had temperance and discipline you wouldn't lose all of that.

Temperance and discipline are not whats only needed because just like some people do not have the capacity to day trade, some people also don't have the capacity to gamble for long, gamblers just need to understand what work for them in gambling.

[BenCodie]

Greed is one thing that gets some game lost, the stake we are supposed to win out of greed we add another that get the game lost.
Out of my own experience I have learnt my lessons, but I don't believe that this opportunity might ever come again because I don't bet often, on a second thought this my story is what makes some people put more interest on gambling.

Greed isn't what loses the losing bet. It's what both wins and loses you the bet. Gambling is greed, through and through. Even if you are being conservative, you are still being greedy by gambling. If you want to take systematic and controllable risk, start a business venture instead of throwing your money to a casino and hoping that more comes back.

Isnt' the want for more money resembles greed?  If you take it that way then even with establishing a business, it still does mean a person is being greedy.  I do not think that just merely gambling means a person is being greedy.  The person might just want to entertain himself and does not care whether he win or lose his bet.  So generalizing gambling is greed is wrong IMHO.

Unless you are some sort of nomad, then money is required to survive in almost every country. You can not possibly call someone who works honestly or takes a genuine risk to start a businsss, as as greedy as a gambler. A gambler is not only trying to defy statistics (because it is always not in their favor) but are trying to get more money through a quick means, which is not meant to be. If it was meant to be, casinos would not be in business.

BetKing is a scam casino, it's better for you to choose other casino that's more trusted and reputable, check the representative account in this forum whether the account has negative feedback or not.

Every casino in here is shady. There are very few casinos who have no valid complaints against them right now...and if they don't, their terms of service/KYC policy, their staff or their game fairness makes it only a matter of time before they become shady as well.

That is a serious accusation.  Telling something black even without seeing them.  Or telling a casino shady even without sufficient evidence.

It's not a serious accusation, it's a fact. Almost every casino in the board has a complaint about them and the amount of legitimate casinos vs. The amount that have scammed their players = magnitudes more in the latter category.

According on your experience, it's true greed can cause a lost bet because you're looking to make huge amount of money and accept the higher risk.

But it doesn't mean if you're not greedy, you will not lose in gambling, after all gambling is pure of luck and the more you gamble, in the end you will lose.

Right.
The act of gambling is greed. Every bet you place, the more greed you are accumulating, the more likely the imbalance of odds will strike and cause you to lose.

In what sense the act of gambling is greed?  There are people who gamble due to curiosity, while others wanted to escape reality and use gambling for it.  Not all gamblers aimed to win huge money while others just gamble for fun.  If you think aiming for winnings is greed then how about those who work to earn money?  Both have the intention to acquire money even though they use different methods.

BTW dropping the meaning of greed

greed
noun
intense and selfish desire for something, especially wealth, power, or food.

Gambling is a selfish desire for wealth. It doesn't matter whether you've tricked yourself into thinking that it's fun or whatever excuse you've created to excuse it - the business is built on greed....

And gambling to escape reality? Not only is that greedy but also destitute.