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Author Topic: Greed can cause a lost bet, (true or false)  (Read 1750 times)
FatFork
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August 11, 2023, 06:41:16 PM
 #281

Yup @OP, opportunity like that might won't come again anymore to you because you just lost it and didn't took advantage when it was there.

But, the reality is that if you try to gamble your way out of debt, then you are going to be in a lot more trouble. That type of greed is a lot worse, because if you win a lot and then lose that's at least understandable, but if you gamble and lose and then gamble again, that's trouble.
That's true, if your sole purpose to gamble is to pay all of your debts. You are unlikely going to succeed. Most gamblers are aware that when you do that, you're definitely doing the wrong thing. And instead of doing gambling, you should do some other things when your aiming to pay your debts.

I completely agree with the point about chasing losses - it's one of the most common pitfalls for novice gamblers.

Take my early gambling days as an example. I made the classic rookie mistake of chasing losses when I was just starting out. There's this distinct memory I have of losing a certain amount of money on an online casino, which, in retrospect, wasn't even all that significant. However, instead of being sensible and cutting my losses, I convinced myself that all I needed was a one more round to recover. So, I continued throwing more funds into the game, desperately hoping for that elusive big win. Regrettably, things didn't unfold as I had wished, and I ended up losing far more than I had initially been prepared to part with. The experience served as a tough but valuable lesson, one that remains etched in my memory.

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August 11, 2023, 07:41:25 PM
 #282

I made the classic rookie mistake of chasing losses when I was just starting out. There's this distinct memory I have of losing a certain amount of money on an online casino, which, in retrospect, wasn't even all that significant. However, instead of being sensible and cutting my losses, I convinced myself that all I needed was a one more round to recover. So, I continued throwing more funds into the game, desperately hoping for that elusive big win. Regrettably, things didn't unfold as I had wished, and I ended up losing far more than I had initially been prepared to part with. The experience served as a tough but valuable lesson, one that remains etched in my memory.


It's a widespread misstep that has become commonplace in the early stages of gambling. Admittedly, under certain circumstances, gambling does present itself as a tantalizing avenue for swift and transient gains. This allure has enticed a subset of individuals to view gambling as a means of financial pursuit, with their focus fixed on potential profits, oftentimes at the expense of the budget expended in chasing losses.

Many of my friends exhibit avaricious tendencies when it comes to slot machine play. The specter of last week's losses perpetually looms, pushing them to seek redemption either today or in the upcoming week. Their mindset is fixated on devising ways to recoup all the funds relinquished through their gambling ventures.
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August 11, 2023, 10:39:51 PM
 #283

This has been something that has caused a lot of trouble for a lot of people because they didn't realize what they are going for and what could be the consequences of greed. I understand that when you lose a lot of money gambling means that you are going to feel bad and you will want to go back to reset, not even make money, just manage to get your money back would be more than enough, hell sometimes not even all of it but some of it, even half.

But, the reality is that if you try to gamble your way out of debt, then you are going to be in a lot more trouble. That type of greed is a lot worse, because if you win a lot and then lose that's at least understandable, but if you gamble and lose and then gamble again, that's trouble.
All kinds of greed in gambling will always be the worst of gamblers and it cannot be avoided when something in their mind says they will win big after this and continue gambling continuously until they get what they want even if they have to lose too much.
Like the OP's story, if only he cashed out when he got a large amount he would definitely be very lucky, but he is more sure that everyone will win even though there will always be 1000-1 = 0, which means that every win or every bet made by OP is obvious some of the clubs or his predictions win but because one club loses he loses his big win and the bet slip seems useless.
But this can be a lesson for OP if one day he makes a multi bet again he has to be careful if he gets bigger it's better to cash out the money.

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August 12, 2023, 04:48:15 AM
 #284

But, the reality is that if you try to gamble your way out of debt, then you are going to be in a lot more trouble. That type of greed is a lot worse, because if you win a lot and then lose that's at least understandable, but if you gamble and lose and then gamble again, that's trouble.
That's true, if your sole purpose to gamble is to pay all of your debts. You are unlikely going to succeed. Most gamblers are aware that when you do that, you're definitely doing the wrong thing. And instead of doing gambling, you should do some other things when your aiming to pay your debts.

I completely agree with the point about chasing losses - it's one of the most common pitfalls for novice gamblers.

Take my early gambling days as an example. I made the classic rookie mistake of chasing losses when I was just starting out. There's this distinct memory I have of losing a certain amount of money on an online casino, which, in retrospect, wasn't even all that significant. However, instead of being sensible and cutting my losses, I convinced myself that all I needed was a one more round to recover. So, I continued throwing more funds into the game, desperately hoping for that elusive big win. Regrettably, things didn't unfold as I had wished, and I ended up losing far more than I had initially been prepared to part with. The experience served as a tough but valuable lesson, one that remains etched in my memory.
That's how it starts when we're telling ourselves that just one more and we're all good. Not until that one more bet and we're losing and that's where it goes. We can't control ourselves when we're on that moment when we're already so close of stopping and withdrawing our profits but then, when we're too curious and thinks that just one more will suffice us. That's when the trouble starts that we can't take it anymore until everything is gone to us.

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August 12, 2023, 06:56:07 AM
 #285

All kinds of greed in gambling will always be the worst of gamblers and it cannot be avoided when something in their mind says they will win big after this and continue gambling continuously until they get what they want even if they have to lose too much.
Like the OP's story, if only he cashed out when he got a large amount he would definitely be very lucky, but he is more sure that everyone will win even though there will always be 1000-1 = 0, which means that every win or every bet made by OP is obvious some of the clubs or his predictions win but because one club loses he loses his big win and the bet slip seems useless.
But this can be a lesson for OP if one day he makes a multi bet again he has to be careful if he gets bigger it's better to cash out the money.
Not only in gambling but in any case if there is a feeling of greed then it will only bring bad things and can even make someone feel very sorry.
But it needs to be underlined that greed is always there and is owned by anyone, even though for people who have good self-control, there must also be an occasional desire to get something bigger.
From what the OP said, actually taking the wins that have been obtained is also quite profitable, but again, the feeling of wanting to get a bigger one is there, so you forget about one win and wait for other bets to also win so that everything that is at stake multi actually succeeds multi bet gives very big win.

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August 12, 2023, 07:00:28 AM
 #286

There's a thread right here for the Betking try to check it up first they have an issue to their platform, and next is not all single wings have consecutive wings this is the most common misconception of the people. This just could be a hype to let you more to bet.
If you win and get satisfied take it home most of the gamblers are greedy that make them lose a lot than unexpected.

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August 12, 2023, 09:17:15 AM
 #287

That's how it starts when we're telling ourselves that just one more and we're all good. Not until that one more bet and we're losing and that's where it goes. We can't control ourselves when we're on that moment when we're already so close of stopping and withdrawing our profits but then, when we're too curious and thinks that just one more will suffice us. That's when the trouble starts that we can't take it anymore until everything is gone to us.
And in the end, we continued to gamble and didn't stop after completing one round because we lost again. This is usually the case with many gamblers so those who should be able to control their spending and stay within their limits lose more and more money and cross their limits. Curiosity, greed, and increased emotions will influence us to continue playing gambling so that we don't realize that we have crossed the boundaries we have set. And greed will indeed make us lose more money at the gambling table.

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August 13, 2023, 01:01:25 AM
 #288

I completely agree with the point about chasing losses - it's one of the most common pitfalls for novice gamblers.

Take my early gambling days as an example. I made the classic rookie mistake of chasing losses when I was just starting out. There's this distinct memory I have of losing a certain amount of money on an online casino, which, in retrospect, wasn't even all that significant. However, instead of being sensible and cutting my losses, I convinced myself that all I needed was a one more round to recover. So, I continued throwing more funds into the game, desperately hoping for that elusive big win. Regrettably, things didn't unfold as I had wished, and I ended up losing far more than I had initially been prepared to part with. The experience served as a tough but valuable lesson, one that remains etched in my memory.

Unfortunately people are encouraged to chase their losses, martingale one of the most famous betting progressions more than anything is just a way to chase your losses, as every time you lose you double your bet expecting to recover all the money you have lost.

And while this happens often due to martingale's nature, at the same time it is just a matter of time until this does not happen and then you lose all the capital you had at the casino.

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August 13, 2023, 10:25:25 AM
 #289

Yup @OP, opportunity like that might won't come again anymore to you because you just lost it and didn't took advantage when it was there.

But, the reality is that if you try to gamble your way out of debt, then you are going to be in a lot more trouble. That type of greed is a lot worse, because if you win a lot and then lose that's at least understandable, but if you gamble and lose and then gamble again, that's trouble.
That's true, if your sole purpose to gamble is to pay all of your debts. You are unlikely going to succeed. Most gamblers are aware that when you do that, you're definitely doing the wrong thing. And instead of doing gambling, you should do some other things when your aiming to pay your debts.
Gambling problems and gambling addictions often lead to deep debt is never good for anyone, gambling is a bigger risk, so it is best for every gambler to avoid debt. Taking out an additional personal loan can make sense in certain situations, but it can have a negative impact on you. Therefore, paying the loan and gambling according to one's ability will reduce the problem even if you lose. Get a second job to pay off debt depending on the primary source of income by working a few extra hours per week, paying off debt is a good decision if you can come up with more money.

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Solosanz
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August 13, 2023, 01:04:27 PM
 #290

Gambling problems and gambling addictions often lead to deep debt is never good for anyone, gambling is a bigger risk, so it is best for every gambler to avoid debt. Taking out an additional personal loan can make sense in certain situations, but it can have a negative impact on you. Therefore, paying the loan and gambling according to one's ability will reduce the problem even if you lose. Get a second job to pay off debt depending on the primary source of income by working a few extra hours per week, paying off debt is a good decision if you can come up with more money.
It's not easy as you saying, if there's a good or interesting job out there, they will apply for it and then start to work to collecting more money. Since they're lazy to learn a new skill or they're don't know how long they need to keep trying to learn the skill, they choose to make quick money via online. It's why they jump to gambling or trading since they think it's easy to buy low and sell high (trading) or press the spin button (gambling).

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August 13, 2023, 11:21:41 PM
 #291

That's true, if your sole purpose to gamble is to pay all of your debts. You are unlikely going to succeed. Most gamblers are aware that when you do that, you're definitely doing the wrong thing. And instead of doing gambling, you should do some other things when your aiming to pay your debts.
Gambling problems and gambling addictions often lead to deep debt is never good for anyone, gambling is a bigger risk, so it is best for every gambler to avoid debt. Taking out an additional personal loan can make sense in certain situations, but it can have a negative impact on you. Therefore, paying the loan and gambling according to one's ability will reduce the problem even if you lose. Get a second job to pay off debt depending on the primary source of income by working a few extra hours per week, paying off debt is a good decision if you can come up with more money.
Truly not good when someone is experiencing those because that's going to make you in deep debt and we don't want to be in that situation. Reality ticks in, there are gamblers that are experiencing those problems because they are not aware that it can happen to them. They've ignored the possibility because of how fun it is to gamble. There are many solutions just as what you've mentioned but we don't know how many of them have already compromised their jobs and can't even get to pay their debts that have been accumulated through gambling.

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August 14, 2023, 01:54:23 PM
 #292

Gambling problems and gambling addictions often lead to deep debt is never good for anyone, gambling is a bigger risk, so it is best for every gambler to avoid debt. Taking out an additional personal loan can make sense in certain situations, but it can have a negative impact on you. Therefore, paying the loan and gambling according to one's ability will reduce the problem even if you lose. Get a second job to pay off debt depending on the primary source of income by working a few extra hours per week, paying off debt is a good decision if you can come up with more money.
It's not easy as you saying, if there's a good or interesting job out there, they will apply for it and then start to work to collecting more money. Since they're lazy to learn a new skill or they're don't know how long they need to keep trying to learn the skill, they choose to make quick money via online. It's why they jump to gambling or trading since they think it's easy to buy low and sell high (trading) or press the spin button (gambling).
It won't work. They should think about applying for jobs so they can make money instead of just playing gambling. But all the problems can arise due to greed and wanting to get more money from gambling, so they can't see that gambling is not what they think it is. And to make money from gambling, they have to borrow money from other people and use it to play gambling. But if they keep thinking of making quick money online, they must be disappointed because there is no quick way to make money, whether offline or online.
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August 14, 2023, 02:04:46 PM
 #293

Truly not good when someone is experiencing those because that's going to make you in deep debt and we don't want to be in that situation. Reality ticks in, there are gamblers that are experiencing those problems because they are not aware that it can happen to them. They've ignored the possibility because of how fun it is to gamble. There are many solutions just as what you've mentioned but we don't know how many of them have already compromised their jobs and can't even get to pay their debts that have been accumulated through gambling.
I don't think you can feel fun during gamble using loan because you don't have any money and you actually not afford to lose any money. Gambling can be fun when you have a lot money and you have nothing to lose as you don't need to think how you can eat tomorrow, how you can pay bill etc.

It's really crazy to see someone can't manage their money, I mean, that's really not make sense for me.

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August 14, 2023, 03:40:19 PM
 #294

Gambling problems and gambling addictions often lead to deep debt is never good for anyone, gambling is a bigger risk, so it is best for every gambler to avoid debt. Taking out an additional personal loan can make sense in certain situations, but it can have a negative impact on you. Therefore, paying the loan and gambling according to one's ability will reduce the problem even if you lose. Get a second job to pay off debt depending on the primary source of income by working a few extra hours per week, paying off debt is a good decision if you can come up with more money.
It's not easy as you saying, if there's a good or interesting job out there, they will apply for it and then start to work to collecting more money. Since they're lazy to learn a new skill or they're don't know how long they need to keep trying to learn the skill, they choose to make quick money via online. It's why they jump to gambling or trading since they think it's easy to buy low and sell high (trading) or press the spin button (gambling).
Addiction in gambling will eventually lead a gambler to a lower position. The gambler will lose his natural enjoyment of gambling. A gambler does not have to endure any trouble if he loses his money. But when a gambler gambles on debt, he can become bankrupt in a short period of time. Debt will never allow a gambler to gamble normally but will only lead to more losses. A gambler must be more aware on this issue. But if only a gambler can control his greed then he can avoid such situation.

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August 14, 2023, 04:40:53 PM
 #295

Truly not good when someone is experiencing those because that's going to make you in deep debt and we don't want to be in that situation. Reality ticks in, there are gamblers that are experiencing those problems because they are not aware that it can happen to them. They've ignored the possibility because of how fun it is to gamble. There are many solutions just as what you've mentioned but we don't know how many of them have already compromised their jobs and can't even get to pay their debts that have been accumulated through gambling.
I don't think you can feel fun during gamble using loan because you don't have any money and you actually not afford to lose any money. Gambling can be fun when you have a lot money and you have nothing to lose as you don't need to think how you can eat tomorrow, how you can pay bill etc.

It's really crazy to see someone can't manage their money, I mean, that's really not make sense for me.
Gambling with loaned money? It's sheer madness, and you're spot on about that. Why the hell would anyone risk what they can't even afford in the first place? That's playing with fire, and you're not just burning your own hand, but potentially others' too. And the fun of gambling? That lies in the thrill, not in wondering if you can afford tomorrow's meal

But here's where you're missing a crucial point: for some, it's not about 'managing' money. It's about addiction, a beast that can make people act irrationally and against their best interests. It doesn't "make sense" to you? Understandable. But life isn't always about what makes sense to us individually

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abel1337
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August 14, 2023, 05:23:12 PM
 #296

Gambling problems and gambling addictions often lead to deep debt is never good for anyone, gambling is a bigger risk, so it is best for every gambler to avoid debt. Taking out an additional personal loan can make sense in certain situations, but it can have a negative impact on you. Therefore, paying the loan and gambling according to one's ability will reduce the problem even if you lose. Get a second job to pay off debt depending on the primary source of income by working a few extra hours per week, paying off debt is a good decision if you can come up with more money.
It's not easy as you saying, if there's a good or interesting job out there, they will apply for it and then start to work to collecting more money. Since they're lazy to learn a new skill or they're don't know how long they need to keep trying to learn the skill, they choose to make quick money via online. It's why they jump to gambling or trading since they think it's easy to buy low and sell high (trading) or press the spin button (gambling).
Addiction in gambling will eventually lead a gambler to a lower position. The gambler will lose his natural enjoyment of gambling. A gambler does not have to endure any trouble if he loses his money. But when a gambler gambles on debt, he can become bankrupt in a short period of time. Debt will never allow a gambler to gamble normally but will only lead to more losses. A gambler must be more aware on this issue. But if only a gambler can control his greed then he can avoid such situation.
Being into debt and an gambling addict at the same time is one of the worst case scenario that a gambler can end up. The pressure will be non-stop since you can't lose because you still have debt to pay and the enjoyment you receive was replaced by mental struggle of being pressure every gambling session you have. Adding to that is the additional motivation in being greedy knowing that it will never be enough because you have to pay debt. At the end of the day, the chance of losing if you are in debt is I think has higher chance than the one who are just doing gambling for fun.
serjent05
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August 14, 2023, 05:41:11 PM
 #297

Gambling problems and gambling addictions often lead to deep debt is never good for anyone, gambling is a bigger risk, so it is best for every gambler to avoid debt. Taking out an additional personal loan can make sense in certain situations, but it can have a negative impact on you. Therefore, paying the loan and gambling according to one's ability will reduce the problem even if you lose. Get a second job to pay off debt depending on the primary source of income by working a few extra hours per week, paying off debt is a good decision if you can come up with more money.
It's not easy as you saying, if there's a good or interesting job out there, they will apply for it and then start to work to collecting more money. Since they're lazy to learn a new skill or they're don't know how long they need to keep trying to learn the skill, they choose to make quick money via online. It's why they jump to gambling or trading since they think it's easy to buy low and sell high (trading) or press the spin button (gambling).
Addiction in gambling will eventually lead a gambler to a lower position. The gambler will lose his natural enjoyment of gambling. A gambler does not have to endure any trouble if he loses his money. But when a gambler gambles on debt, he can become bankrupt in a short period of time. Debt will never allow a gambler to gamble normally but will only lead to more losses. A gambler must be more aware on this issue. But if only a gambler can control his greed then he can avoid such situation.
Being into debt and an gambling addict at the same time is one of the worst case scenario that a gambler can end up. The pressure will be non-stop since you can't lose because you still have debt to pay and the enjoyment you receive was replaced by mental struggle of being pressure every gambling session you have. Adding to that is the additional motivation in being greedy knowing that it will never be enough because you have to pay debt. At the end of the day, the chance of losing if you are in debt is I think has higher chance than the one who are just doing gambling for fun.

If a person is in debt shouldn't he prioritize paying for his debt before gambling?  Many players get into huge problems because they don't know which to prioritize.  They tried to win money to pay their debt but it often made them lose putting pressure on their situation.  This is more likely being irresponsible and not greedy.

Greedy are those who had already win a huge amount of money but instead of stopping, chooses to continue to win more but then his funds got depleted because he keeps chasing the wins.  We must be content no matter how huge our winnings is in order for us to avoid being drained despite of the initial advantage.

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wiss19
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August 15, 2023, 06:33:08 AM
 #298

greed is a disease that hides in the human body and some people find it difficult to control it, in betting when you are unable to control your greedy desires then the decisions you make can be very wrong and tend to be bad, in the business aspect, greed also tends to make someone lose in the long term, greed never has a good impact on the perpetrator.  on the first page of the OP, it is an example of greed that leads to losses (hopefully it will be a lesson for everyone), setting minimum and maximum capital limits when gambling is also very important, don't let cases like OP happen again.
Someone with absolutely no control over their greed won't really follow a pattern that they've set for themselves when it comes to gambling. They won't see if they have set a limit for their wins or losses and that they need to follow it, but when they start winning, they think it is possible for them to win even more, so they gamble more until they lose everything back, and then they realize they made a mistake and start regretting their decision but to no avail.

So even if a gambler has set some rules for themselves like they won't gamble more than a specific amount if they are losing, and they won't gamble more if they have won a specific amount already, but if they don't have self-control, they won't be able to control their greed and go beyond those limits.

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wxa7115
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August 19, 2023, 01:28:05 AM
 #299

If a person is in debt shouldn't he prioritize paying for his debt before gambling?  Many players get into huge problems because they don't know which to prioritize.  They tried to win money to pay their debt but it often made them lose putting pressure on their situation.  This is more likely being irresponsible and not greedy.

Greedy are those who had already win a huge amount of money but instead of stopping, chooses to continue to win more but then his funds got depleted because he keeps chasing the wins.  We must be content no matter how huge our winnings is in order for us to avoid being drained despite of the initial advantage.
Paying our debts should be prioritized, but a great deal of people out there are looking for fast solutions to their problems, not understanding that if it took them many years to accumulate their current debts then it should take them a long time as well to get out of them.

So gambling for those people is a form of escapism, as they do not want to face the reality they created for themselves and they want to fix it by believing things will somehow turn alright if they just get lucky and get huge wins at the casino.

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rachael9385 (OP)
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September 20, 2023, 07:27:04 PM
 #300

greed is a disease that hides in the human body and some people find it difficult to control it, in betting when you are unable to control your greedy desires then the decisions you make can be very wrong and tend to be bad, in the business aspect, greed also tends to make someone lose in the long term, greed never has a good impact on the perpetrator.  on the first page of the OP, it is an example of greed that leads to losses (hopefully it will be a lesson for everyone), setting minimum and maximum capital limits when gambling is also very important, don't let cases like OP happen again.
Someone with absolutely no control over their greed won't really follow a pattern that they've set for themselves when it comes to gambling. They won't see if they have set a limit for their wins or losses and that they need to follow it, but when they start winning, they think it is possible for them to win even more, so they gamble more until they lose everything back, and then they realize they made a mistake and start regretting their decision but to no avail.

So even if a gambler has set some rules for themselves like they won't gamble more than a specific amount if they are losing, and they won't gamble more if they have won a specific amount already, but if they don't have self-control, they won't be able to control their greed and go beyond those limits.
Most times, it is very hard for some people, not only gamblers, to keep to their word, mostly when they start winning from what they do, and it is common somehow these days because it looks like we don't want to win.
It is easy to quit while we are losing at gambling and come back later or the next day to gamble again, but while we are winning it is not easy to quit and come back again.
When we are winning, happiness flows at that specific period, but after the winning has gone and the losing starts, the happiness goes away and you can decide to go home or live in that casino hall and come back later or the next day to try again.

R


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