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

[Sandra_hakeem]

That's a Mastermind to every loss anyone would face...
I'm not saying every single lose gets instigated by Greed though; well mostimes, that's the case.
When you've got an ability to control your actions and your decisions towards whatever you indulge in, that's discipline and I believe in gambling, it has a vital role to play when it comes to maximizing losses. Alot of peeps mistake "opportunities" for "trials" - they keep wagering even when it's really unnecessary... There's always a time to heal, which is what you should understand; give yourself that time!

Sandra 🧑‍🦰

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[harizen]

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.

In your case, I don't consider it a literal greedy act to win.

You even think of a possible strategy to win. I can't blame you for what happened but simply you just want to win. Don't make it too technical just because you lose. You will soon get over from it as that was really part of doing gambling, experience indeed. It's good if you will consider stopping or minimizing your gambling after that incident but on the other hand, it's fine to return as long as you understand what's the stake.

This is gambling and the best approach here is to become responsible at all times regardless if you will continue to do it or not.

[Josefjix]

That's a Mastermind to every loss anyone would face...
I'm not saying every single lose gets instigated by Greed though; well mostimes, that's the case.
When you've got an ability to control your actions and your decisions towards whatever you indulge in, that's discipline and I believe in gambling, it has a vital role to play when it comes to maximizing losses. Alot of peeps mistake "opportunities" for "trials" - they keep wagering even when it's really unnecessary... There's always a time to heal, which is what you should understand; give yourself that time!

Sandra 🧑‍🦰

Losses are unavoidable; all we can do is ensure that the pace of our losses is drastically reduced. We have momentary to lose and gain from the system from our standpoint. The truth is that greed creates a lot of terrible losses in the gambling industry. I've met a lot of gamblers who have no rules and keep triggering more bets on games. Greed causes most gamblers to return to a losing run since they can't keep their minds off games and are always desperate to wager on games just because they have the requisite funds, and thereby giving rooms for losses.

[wxa7115]

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.

I have often seen some users arguing that sport bets have no house edge and as you state this is not true, casinos are not a charity offering their services for no gain to themselves, they have a lot of expenses they need to cover and they give themselves a small edge on every single bet and try to balance their books so regardless of the outcome they make money.

This is how they keep themselves on business, however thanks to the fact that sports bets is a game in which not everything is up to luck then this house edge can be overcome with skillful play, it is not easy but it can be done by those that know a particular sport really well.

[pakhitheboss]

I have often seen some users arguing that sport bets have no house edge and as you state this is not true, casinos are not a charity offering their services for no gain to themselves, they have a lot of expenses they need to cover and they give themselves a small edge on every single bet and try to balance their books so regardless of the outcome they make money.

This is how they keep themselves on business, however thanks to the fact that sports bets is a game in which not everything is up to luck then this house edge can be overcome with skillful play, it is not easy but it can be done by those that know a particular sport really well.

I agree with what you are saying Casinos are run to make profits and they would use different strategies to make money. However, to break the house edge a user can user has to be selective and utilize their sports betting skills to find accurate bets against the odds. Apart from that disciplined money management and risk assessment is very crucial. These things do give a slight edge over the house, they do not work all the time but they do help a pro bettor in long term. A casual bettor like us won't be able to overcome the house edge in the long term.     

[Learn Bitcoin]

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.

I have often seen some users arguing that sport bets have no house edge and as you state this is not true, casinos are not a charity offering their services for no gain to themselves, they have a lot of expenses they need to cover and they give themselves a small edge on every single bet and try to balance their books so regardless of the outcome they make money.

Whoever says sports bets do not have a house edge, don't they notice the odds difference from one platform to another? I would say sports bets have more house edge than others. You never know that. I am not a fan of sports bets, so I do not understand how platforms set the odds for each game. I believe it does by the provider. But what are the criteria? I don't think they will reveal that.

Most casino platforms earn more money from sports bets. A gambler can win or lose massive amounts of money by playing instant games. So, even if the house edge of the casino game is low, the platform still makes money from each bet. But a sports bet can take up to four or five days (Test cricket match) for the final result. Don't you think casinos also milk high profits from those bets?

[Mauser]

That's a Mastermind to every loss anyone would face...
I'm not saying every single lose gets instigated by Greed though; well mostimes, that's the case.
When you've got an ability to control your actions and your decisions towards whatever you indulge in, that's discipline and I believe in gambling, it has a vital role to play when it comes to maximizing losses. Alot of peeps mistake "opportunities" for "trials" - they keep wagering even when it's really unnecessary... There's always a time to heal, which is what you should understand; give yourself that time!

Sandra 🧑‍🦰

I think that we need to distinguish between losses that are part of gambling and will occur regularly, and losses that come from wrong actions and could have been avoided. Many times these wrong actions are giving in to our bad emotions like greed and not knowing when to stop. After winning a few rounds in a row it's hard not to fall for greed that keeps telling us we need to bet more to make more money. My main concern is that greed lets me focus only on the profit side of gambling and I slowly forget about the higher risks I take with every bet. During a winning streak it's greed that leads to my downfall, and during a losing streak it's recklessness that leads to me chasing my losses. A good discipline is one way to avoid falling for greed. Having fixed systems in place on how to deal with a losing or winning streak is a good way to try and minimise our losses or save some our winnings from betting it all again. Your advice on taking a break is very good and I try to do it myself after big losses and big winnings. Going for a walk and clearing my head helps a lot to make better decisions later again.

[ethereumhunter]

I have often seen some users arguing that sport bets have no house edge and as you state this is not true, casinos are not a charity offering their services for no gain to themselves, they have a lot of expenses they need to cover and they give themselves a small edge on every single bet and try to balance their books so regardless of the outcome they make money.

This is how they keep themselves on business, however thanks to the fact that sports bets is a game in which not everything is up to luck then this house edge can be overcome with skillful play, it is not easy but it can be done by those that know a particular sport really well.

I agree with what you are saying Casinos are run to make profits and they would use different strategies to make money. However, to break the house edge a user can user has to be selective and utilize their sports betting skills to find accurate bets against the odds. Apart from that disciplined money management and risk assessment is very crucial. These things do give a slight edge over the house, they do not work all the time but they do help a pro bettor in long term. A casual bettor like us won't be able to overcome the house edge in the long term.     

You are both right. But if a person cannot control his gambling game, in this case, sports betting and only indulges his lust to place bets on the sports he likes, he may not be able to get the big profits he wants. So, in this case, when a person becomes more and more greedy to get more wins, he will only find himself losing and might suffer a big loss if he continues to gamble. So self-control here has a role in reducing the number of defeats someone loses and even though we feel that our analysis can be correct, we also have to realize that we have gambled enough that we need to stop first. There's still plenty of time to bet.

[wiss19]

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.

Wanting to have money and working to earn it can't be called greed, greed is when you have some and you want more of it and when you are ready to risk something to get more of it, that's what we call greed. When you don't have money and you want to have money and you want to keep getting it which can also imply wanting to have a steady income through a job or any means possible, and I don't really see any problem in that since you don't have negative thoughts at all.

When we get greedy, we are not positive, we know that we might lose what we already have or have things go wrong but we still decide to go with it just because we are greedy and we don't want to lose the opportunity of getting more, and that is not a good thing to have or do.

[3kpk3]

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.

I disagree. There are plenty of gamblers out there who primarily care about the fun factor and don't really care about earning money. They are happy regardless of whether they win or lose at the end of the day.

One of the best examples in this case are elites who are 100% financially free.

[Fivestar4everMVP]

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.

Wanting to have money and working to earn it can't be called greed, greed is when you have some and you want more of it and when you are ready to risk something to get more of it, that's what we call greed. When you don't have money and you want to have money and you want to keep getting it which can also imply wanting to have a steady income through a job or any means possible, and I don't really see any problem in that since you don't have negative thoughts at all.

When we get greedy, we are not positive, we know that we might lose what we already have or have things go wrong but we still decide to go with it just because we are greedy and we don't want to lose the opportunity of getting more, and that is not a good thing to have or do.

Let me tell you something my friend, or rather, explain this that you may understand, if life's problems keeps coming and never a time can we say that we are without any problem that requires money to solve, then having money and still wanting more money is not completely being greedy, what turns it into greed is that manner at which we choose to approach the whole pursuit for the more money..
Some, even though they are already quite comfortable financially, still will do anything, take any risk, kill anybody that stands in their way whether for good or for bad, just to get money, this is the highest level of greed.
like most of our politicians, even after having made more than enough for themselves, families and even unborn generations to come, they still keep looting the little left for the poor mases , and dont care who gets hurt in the process, that pure greed.
For a gambler who have made good money from a casino, and still try to cheat the casino, or take advantage of a vulnerability they found in the casino's system, all because they wanna gather more wealth for themselves, thats greed .

[CarnagexD]

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.

I disagree. There are plenty of gamblers out there who primarily care about the fun factor and don't really care about earning money. They are happy regardless of whether they win or lose at the end of the day.

One of the best examples in this case are elites who are 100% financially free.

Exactly. Because if their aim is just to entertain themselves, then there's no greed in that. They just need to participate. Because they have sufficient money to play with. And that money are those they are willing to lose.

Unlike to those people whose aim are to make money, they have the pressure. Because they must, and have the feel and need to make some gains. In which in gambling, there is no assurance that you make money. So there is the greed. That once that the have earned enough, they never stop. They pushed their luck too much and losing all their winnings.

[slapper]

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.

Wanting to have money and working to earn it can't be called greed, greed is when you have some and you want more of it and when you are ready to risk something to get more of it, that's what we call greed. When you don't have money and you want to have money and you want to keep getting it which can also imply wanting to have a steady income through a job or any means possible, and I don't really see any problem in that since you don't have negative thoughts at all.

When we get greedy, we are not positive, we know that we might lose what we already have or have things go wrong but we still decide to go with it just because we are greedy and we don't want to lose the opportunity of getting more, and that is not a good thing to have or do.

While I follow your logic about wanting a steady income, I'm not completely sold on the idea that the intent behind wanting money can entirely absolve one from being tagged as greedy. Sometimes, the act itself, irrespective of intent, can hint at greed. You know, the whole "actions speak louder than words" thing?

When it comes to risking to get more, isn't that part and parcel of life? It's not always about greed, is it? For instance, in the world of investing, risk-taking is pretty much the name of the game. The crux, I believe, lies in striking a balance and not letting greed blur our judgment, as you've mentioned

[suzanne5223]

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.

I disagree. There are plenty of gamblers out there who primarily care about the fun factor and don't really care about earning money. They are happy regardless of whether they win or lose at the end of the day.

One of the best examples in this case are elites who are 100% financially free.

You don't need to agree with me but just check the fact and I believe you can learn this through celebrities like Drake. Mayweather Jr, etc. which is into gambling. Despite how rich they are and gambling for fun they still hope and wish they get something out of it because it normal nature of human when you are putting money into something you will also expect something in return.

[Westinhome]

That's a Mastermind to every loss anyone would face...
I'm not saying every single lose gets instigated by Greed though; well mostimes, that's the case.
When you've got an ability to control your actions and your decisions towards whatever you indulge in, that's discipline and I believe in gambling, it has a vital role to play when it comes to maximizing losses. Alot of peeps mistake "opportunities" for "trials" - they keep wagering even when it's really unnecessary... There's always a time to heal, which is what you should understand; give yourself that time!

Sandra 🧑‍🦰

It was the big unsaid behind the big loss in the loss,Even the gamblers will loss their entire money they get as a winnings from the gambling sites.When the gambler had won the big money,he get the greedy mind to target the big win.Targeting the big win is not the wrong one,but you need to have the same good time all the time.But luck will not favor us all the time,Sometimes we get luck and sometime we can't.So the better option i withdraw the full profit from the website after the big win,this should be followed by all the gamblers to avoid of big loss in the casino.

While I follow your logic about wanting a steady income, I'm not completely sold on the idea that the intent behind wanting money can entirely absolve one from being tagged as greedy. Sometimes, the act itself, irrespective of intent, can hint at greed. You know, the whole "actions speak louder than words" thing?

When it comes to risking to get more, isn't that part and parcel of life? It's not always about greed, is it? For instance, in the world of investing, risk-taking is pretty much the name of the game. The crux, I believe, lies in striking a balance and not letting greed blur our judgment, as you've mentioned

The steady income from the gambling was the not possible one,because we can both win or loss in the continuous match.So how it's possible to win subsequently in the gambling.Some greedy people can lose the entire money from the gambling winnings,So pause the game after the bg win.The gambling also based on the risk taking,if you lose the funds.It's your full responsibility to the loss or win.

[danherbias07]

Was there no cashout option? This is like a parlay right?
Most sports bookies now do have a cashout option in their features because it gives a chance for sports gamblers to take their profits if they want to in exchange for a lower amount but a safe take-home prize.
True, greed can sometimes be a dick. Well, it's always up to us if we will let it consume us. It's difficult to avoid it when it comes to gambling because it had always been a part of it, the twin brother of regret because that's what comes next after being greedy.
IMO, just add this to the experience. There will be more instances where this will happen to you and next time you will know what to do. Also, I wish you could find a sports bookie which has a cashout option so you could pull out whenever you like to.

[Vaskiy]

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.

I disagree. There are plenty of gamblers out there who primarily care about the fun factor and don't really care about earning money. They are happy regardless of whether they win or lose at the end of the day.

One of the best examples in this case are elites who are 100% financially free.

You don't need to agree with me but just check the fact and I believe you can learn this through celebrities like Drake. Mayweather Jr, etc. which is into gambling. Despite how rich they are and gambling for fun they still hope and wish they get something out of it because it normal nature of human when you are putting money into something you will also expect something in return.

Agreed, everyone at some point gets directed into winning money. Losing will surely make them unhappy, how rich they're is secondary. With most of the gamblers, the beginning is just for fun. Over time they get active into gambling looking for win. The mind never find satisfied and the winning streak lets the gambler to continue whereas the losing makes the gambler go behind the recovery. In all means it is the same that keeps the gamblers active in the event of trying to win.

[traderethereum]

Agreed, everyone at some point gets directed into winning money. Losing will surely make them unhappy, how rich they're is secondary. With most of the gamblers, the beginning is just for fun. Over time they get active into gambling looking for win. The mind never find satisfied and the winning streak lets the gambler to continue whereas the losing makes the gambler go behind the recovery. In all means it is the same that keeps the gamblers active in the event of trying to win.

Indeed, at first, they just want to have fun, but after they have managed to get several wins, the desire to have fun will change into the desire to win more.
From there, they started to feel greedy to win more money, but they needed to remember that their victory was because of their luck, which came at the right time.
And when they continued playing gambling several times, the wins began to change with losses and would continue with even more losses.
From there, they should be able to judge that their luck has started to leave them, especially if they have started to lose a few dollars of their winnings.
And they should be able to immediately realize and stop gambling because if they continue, they can lose their winnings and all the money in their balance.

[retreat]

Greed is something that is usually very difficult for gamblers to endure. Usually our feeling always says "A" but because of greed our choice changes to "B" either because the reward is bigger or for other reasons. But actually if we can control our greed for our choices, it can save us from bad choices, even though it's quite difficult, but actually we can train ourselves to control our greed. If we get used to restraining ourselves, I don't think greed will control us anymore.

[Slow death]

many people have criticized and talked about greed harming gamblers, but we have to analyze why people become greedy, games of chance were designed in a way that only the casino or bookmaker is profitable, so the people spend a lot of time playing and losing, and as if it were a place where there was a great fighter, with extremely high skills and that all the other fighters who are challenging the very strong fighter lose, then the scenario that you see in casinos and houses betting is very similar to what I described, the only way players had to beat the bookmaker or casinos

and that they keep playing until they hit a jackpot, only when they manage to win a lot do they recover all losses, but the problem is that hitting a big jackpot is very difficult, but people don't give up and keep betting more each until they get it get it right, for example in the case of sports betting so that people can win a lot of money they need to make multibet bets, which makes them lose even more and even when they win they cannot cover the losses, so I would not consider greed when bettors keep betting more, I think they do it in order to beat the bookmaker or casinos

for all of us we get angry when we lose, but there are people who are more radical, they don't accept defeats at all, even if they have to lose for many months, they keep playing until they get it right, they are proud people