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Author Topic: Greed can cause a lost bet, (true or false)  (Read 2147 times)
Juse14
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May 25, 2024, 09:19:28 PM
 #341

In fact, as gamblers, we have to have a little greed so that our chances of winning are big enough, but excessive greed will only result in big losses, the portion must be standard.

I am also a gambler but I am not that greedy, when I win big enough from the capital I have spent then I will withdraw my profits and let me continue betting with my initial capital and if my capital runs out I will stop playing, nothing that I need to force.

Although it can provoke a desire to win, a little greed can be beneficial in gambling. But extreme greed results into great loss, which means that it is important to find the middle ground.

One of the essential principles for a gambler is knowing when to stop. Should you happen to have made a huge win, it is advisable that you withdraw your profits and only play with your principal amount. Conversely, once the initial capital dwindles, discontinuing the game would be a judicious choice. This can help in avoiding more substantial losses that might impact you financially, ensuring that gambling remains enjoyable without causing any harm to your financial situation.

In addition, for a gambler such discipline is important. After large wins, only bet with your principal capital and withdraw profits, you can be at ease playing the game without tension over losing it all. It will also help you retain control of yourself; moreover addiction can be prevented in this way.

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Mia Chloe
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May 25, 2024, 09:19:59 PM
 #342

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
Many things can cause a gambler to lose a bet . Of course greed is one of them and in fact I would in this case even tag it as the worst of them all. I have come across cases where a gambler continuously and consecutively hit jackpots for some period of time and instead of them to pause and take a break they continue to stake even to the extent that some of them stake the whole of their previous wins and unfortunately end up losing it all. In fact the idea of being a responsible gambler also entails being able to place bets logically by knowing only what to stake but also when to take a break .
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May 30, 2024, 02:15:53 PM
 #343

I have similar experience last night, I would've win a bet yesterday on Msport but because of greed I lost the bet, yesterday I selected 4 games and that was like 4 point something odds so I decided to make it 5 or 6 odds by adding one more, low and behold the last game I added was the same game that cut my ticket last night. The first 4 games that I selected played well but that last one spoiled my night so this time around anytime I have selected games to play and I found out that the last one is giving me double thought I will remove it fast cause this last game has not being fair on me for some time now.

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Questat
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May 30, 2024, 02:45:48 PM
 #344

I have similar experience last night, I would've win a bet yesterday on Msport but because of greed I lost the bet, yesterday I selected 4 games and that was like 4 point something odds so I decided to make it 5 or 6 odds by adding one more, low and behold the last game I added was the same game that cut my ticket last night. The first 4 games that I selected played well but that last one spoiled my night so this time around anytime I have selected games to play and I found out that the last one is giving me double thought I will remove it fast cause this last game has not being fair on me for some time now.

That's like chasing your losses, or in short, greediness. You're not alone in this, as I'm sure a lot of bettors have experienced it in their gambling journey. That's why bankroll management is very important. It helps you stay disciplined and you don't need to chase your losses, as there's always another day. Keep it slow and be smart with your choices, and eventually, you'll be in profit if you have the skills in gambling.

Sometimes our emotions make us do stupid things, resulting in losing everything. Even if we are ahead at the beginning, if we don't know when to stop and then experience a losing streak, we might decide to chase by doubling our bets, which often results in losing everything. This is really exhausting because you've put in the effort but end up with nothing.

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May 30, 2024, 03:04:32 PM
 #345

That's like chasing your losses, or in short, greediness. You're not alone in this, as I'm sure a lot of bettors have experienced it in their gambling journey. That's why bankroll management is very important. It helps you stay disciplined and you don't need to chase your losses, as there's always another day. Keep it slow and be smart with your choices, and eventually, you'll be in profit if you have the skills in gambling.

Sometimes our emotions make us do stupid things, resulting in losing everything. Even if we are ahead at the beginning, if we don't know when to stop and then experience a losing streak, we might decide to chase by doubling our bets, which often results in losing everything. This is really exhausting because you've put in the effort but end up with nothing.
Chasing loses most times always leads to more lose and regret, it's made lots of bettors lose lots of money to the bookies, I've been in that category and I regretted take such risk thank goodness my experience change my mindset about lose chasing and henceforth whenever i lose a bet, it's either I pause for the day or accept my fate. One thing that makes most people chase lose is because they fail to understand that gambling is a game of luck and go into it with the mindset of cashing big from it and even when they lose they'll still insist on trying again instead of accepting their fate or restrategising. In my own case I won and instead of taking profits I decided to double it and lost, I couldn't control the emotions I got from losing and decided to recover my lose and lost again, immediately I realised that I was about to lose what I profited I had to pause and that was a very big lesson learnt. Maybe if I had continued I would've keep having more losing streaks and probably lost everything.

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Su-asa
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May 30, 2024, 04:09:59 PM
 #346

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
Many things can cause a gambler to lose a bet . Of course greed is one of them and in fact I would in this case even tag it as the worst of them all. I have come across cases where a gambler continuously and consecutively hit jackpots for some period of time and instead of them to pause and take a break they continue to stake even to the extent that some of them stake the whole of their previous wins and unfortunately end up losing it all. In fact the idea of being a responsible gambler also entails being able to place bets logically by knowing only what to stake but also when to take a break .
Greed has a lot of side effects and losing is the list of them. Greed makes the OP to lose his bet, so there are still other gamblers out there that greed has made them to lose. If gamblers can keep the thoughts of greed far away from gamble, there will be more positive things in the life of those gamblers. Greed causes loss and greed also makes a gambler become addicted to gamble, and it's only greed that makes us to chase our losses.

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May 30, 2024, 04:24:30 PM
 #347

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
Many things can cause a gambler to lose a bet . Of course greed is one of them and in fact I would in this case even tag it as the worst of them all. I have come across cases where a gambler continuously and consecutively hit jackpots for some period of time and instead of them to pause and take a break they continue to stake even to the extent that some of them stake the whole of their previous wins and unfortunately end up losing it all. In fact the idea of being a responsible gambler also entails being able to place bets logically by knowing only what to stake but also when to take a break .
Greed has a lot of side effects and losing is the list of them. Greed makes the OP to lose his bet, so there are still other gamblers out there that greed has made them to lose. If gamblers can keep the thoughts of greed far away from gamble, there will be more positive things in the life of those gamblers. Greed causes loss and greed also makes a gambler become addicted to gamble, and it's only greed that makes us to chase our losses.
When gambling, one needs not to be greedy because it is a vice that can make you run at big loss. Greed will make you not to be satisfied with your bet and you will want to bet more or increase the amount that you are using to get. When you are greedy, you will not be able to control your emotions and from there, you will start chasing your losses.

This is why whatever that will make us not to be able to control our emotions when gambling, one should stay away from it, so that you can gamble responsible and manage your loss. A lot of gamblers are addicted just because they are greedy to stop at the right time and feel that they can win back their losses.

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May 30, 2024, 05:38:46 PM
 #348

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
Many things can cause a gambler to lose a bet . Of course greed is one of them and in fact I would in this case even tag it as the worst of them all. I have come across cases where a gambler continuously and consecutively hit jackpots for some period of time and instead of them to pause and take a break they continue to stake even to the extent that some of them stake the whole of their previous wins and unfortunately end up losing it all. In fact the idea of being a responsible gambler also entails being able to place bets logically by knowing only what to stake but also when to take a break .
Greed has a lot of side effects and losing is the list of them. Greed makes the OP to lose his bet, so there are still other gamblers out there that greed has made them to lose. If gamblers can keep the thoughts of greed far away from gamble, there will be more positive things in the life of those gamblers. Greed causes loss and greed also makes a gambler become addicted to gamble, and it's only greed that makes us to chase our losses.

Yes, and one of the side effects that most gamblers who use greed always experience, apart from losing money, they also experience significant regret and apart from that, it is very likely that this situation will trigger emotions that can dominate a gambler, which in the end is where various Other bad things will happen, and it's clear that emotions are something that can always trigger various actions that will cause more harm to them when they are unable to control them. On the other hand, in the context of greed, I will not completely conclude that every greed will always end in loss, because however there is still an aspect of luck that might happen or come at the right time when you apply greed, which means you will be able to win according to your wishes. want, but yes it is a situation that is really difficult to happen which means it is very likely that losses of significant amounts will occur more often if the gambler does not immediately stop his actions.

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May 30, 2024, 08:49:48 PM
 #349

Although it can provoke a desire to win, a little greed can be beneficial in gambling. But extreme greed results into great loss, which means that it is important to find the middle ground.

One of the essential principles for a gambler is knowing when to stop. Should you happen to have made a huge win, it is advisable that you withdraw your profits and only play with your principal amount. Conversely, once the initial capital dwindles, discontinuing the game would be a judicious choice. This can help in avoiding more substantial losses that might impact you financially, ensuring that gambling remains enjoyable without causing any harm to your financial situation.

In addition, for a gambler such discipline is important. After large wins, only bet with your principal capital and withdraw profits, you can be at ease playing the game without tension over losing it all. It will also help you retain control of yourself; moreover addiction can be prevented in this way.

Overall I agree with what you say, especially if we are able to discipline ourselves to remain under control when carrying out gambling sessions. unfortunately in practice it is not as beautiful and easy as what you or I say or discuss in this post, especially the principles you raise as points for knowing when we should stop. This is the complexity in gambling, when we play, various emotions will participate psychologically. At its peak, awareness is what can reduce it. even then, if we don't lose control and focus on the rules that we apply and are supported by discipline.
However, humans always have changing nature. we are gambling fans, not athletes who are educated to carry out their work with discipline and uphold professionalism. Sometimes, we get carried away by atmosphere and situations that influence our playing patterns. In fact, this is like a cycle that often occurs over and over again. even though, we really know the principles and rules that we apply when gambling. Unfortunately, to obey or even know when to stop, always goes against our minds which have been contaminated with emotions. whether it's emotions of anger, emotions of joy, or something else that makes us stay and continue gambling sessions. Not a few people also lose track of time because of their gambling activities. Well, that's why for me gambling is complex.

Personally, I have principles and rules that I apply in betting sessions. but not infrequently, I often ignore it. The point I want to emphasize is, basically gambling is simple, easy to play, and quite fun. Even though you are equipped with discipline and as you said in principle, in practice it is not as simple as what we discussed. The steps are very correct, that's why I agree with you. But in essence, gambling is not as ideal as we discussed. I am sure, only a few gamblers are able to limit their gambling. For me, all of this carries risks. Sometimes I get carried away by emotions of anger, not infrequently I can control the gambling sessions that I do. and during every betting or gambling session, the conditions and situations are not always the same. that's why I prefer to enjoy every risk. After all, we are not always filled with despair during gambling sessions.


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May 31, 2024, 06:21:08 AM
 #350

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
Many things can cause a gambler to lose a bet . Of course greed is one of them and in fact I would in this case even tag it as the worst of them all. I have come across cases where a gambler continuously and consecutively hit jackpots for some period of time and instead of them to pause and take a break they continue to stake even to the extent that some of them stake the whole of their previous wins and unfortunately end up losing it all. In fact the idea of being a responsible gambler also entails being able to place bets logically by knowing only what to stake but also when to take a break .
Greed has a lot of side effects and losing is the list of them. Greed makes the OP to lose his bet, so there are still other gamblers out there that greed has made them to lose. If gamblers can keep the thoughts of greed far away from gamble, there will be more positive things in the life of those gamblers. Greed causes loss and greed also makes a gambler become addicted to gamble, and it's only greed that makes us to chase our losses.

Yes, and one of the side effects that most gamblers who use greed always experience, apart from losing money, they also experience significant regret and apart from that, it is very likely that this situation will trigger emotions that can dominate a gambler, which in the end is where various Other bad things will happen, and it's clear that emotions are something that can always trigger various actions that will cause more harm to them when they are unable to control them. On the other hand, in the context of greed, I will not completely conclude that every greed will always end in loss, because however there is still an aspect of luck that might happen or come at the right time when you apply greed, which means you will be able to win according to your wishes. want, but yes it is a situation that is really difficult to happen which means it is very likely that losses of significant amounts will occur more often if the gambler does not immediately stop his actions.

yeah right, not all greed ends up in losing because it seems like it's just luck, there are times when you lose when you follow the bet and placing huge amount without thinking properly because you have the intention to win, but if you don't have it in mind you have made a lot of money, there are times that it's your lucky day and sometimes the greediness of a person goes right, it really depends on the situation.




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May 31, 2024, 06:51:51 AM
 #351

yeah right, not all greed ends up in losing because it seems like it's just luck, there are times when you lose when you follow the bet and placing huge amount without thinking properly because you have the intention to win, but if you don't have it in mind you have made a lot of money, there are times that it's your lucky day and sometimes the greediness of a person goes right, it really depends on the situation.
But if he were still greedy, he would lose even more money. He will not realize he lost his money because he was too engrossed in betting. If he places a large bet without thinking about what would happen if he loses, he still doesn't have a great chance of winning. However, greed will make us lose what we already have and we should be able to control ourselves when gambling. Few people can earn money without paying attention to their greed because they can control their emotions and themselves well. That's what we have to do when gambling so that we don't lose a lot of money and can also enjoy gambling as entertainment.
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May 31, 2024, 08:15:29 AM
 #352

It's not that greed can cause a bet, even without greed, people lose all the time. It's just that with greed, you actually want to bet more, which in turn leads to further possibilities of losing (and winning as well). In most cases or experiences shared, losses are more emphasized than winning, hence why the general perception of greed is that it can cause you to lose.

And tbf, seeing the original bet and the max win, seems like your chances of winning were pretty close to zilch, so I don't think there's anything to question about it really. And as others have pointed out, it's a scam casino, so if that lightens the load on your mind then might as well just think of it that way instead of blaming your greed.

Yes, that is what we surely misunderstood, we always think that greed is what is really causing why we are always losing because if we win the first, we will want to gamble more in order to win more instead of leaving when we have win the first time although that is human being for us, we already have greed in our body, it's not only in gambling self, anything we don in this life, we do apply greedy in it, we are not always satisfied by what we have no matter how big or little it is, we will always want more and that is one of the things that brings most people now, the lose the little they have in their hands while looking for money, although it might turn out good or bad for us that is we can either lose or win in gambling if we decide to gamble more when we have a win or not.
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May 31, 2024, 10:26:26 AM
 #353


Yes, and one of the side effects that most gamblers who use greed always experience, apart from losing money, they also experience significant regret and apart from that, it is very likely that this situation will trigger emotions that can dominate a gambler, which in the end is where various Other bad things will happen, and it's clear that emotions are something that can always trigger various actions that will cause more harm to them when they are unable to control them. On the other hand, in the context of greed, I will not completely conclude that every greed will always end in loss, because however there is still an aspect of luck that might happen or come at the right time when you apply greed, which means you will be able to win according to your wishes. want, but yes it is a situation that is really difficult to happen which means it is very likely that losses of significant amounts will occur more often if the gambler does not immediately stop his actions.

yeah right, not all greed ends up in losing because it seems like it's just luck, there are times when you lose when you follow the bet and placing huge amount without thinking properly because you have the intention to win, but if you don't have it in mind you have made a lot of money, there are times that it's your lucky day and sometimes the greediness of a person goes right, it really depends on the situation.


Of course because after all gambling is a lucky activity which means that even if for example a gambler applies greed but if only at that time luck comes at the right time then they will also be able to get a win, but yes as we know that it is a situation that is really difficult to get when someone applies greed, and it is also very unlikely for a greedy person to cash out his winnings because in some cases they usually continue to continue playing which simply means that they will only stop when they run out of money.

This means that even if a greedy person manages to win because the luck came at the right time but the problem is that I believe that it is very difficult for them to feel enough with the amount of victory that in the end they will most likely continue, and this is why greed is a very prohibited action because in the end the idea will only continue to lead us to defeat even if we have previously won.

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May 31, 2024, 11:20:29 AM
 #354

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
Many things can cause a gambler to lose a bet . Of course greed is one of them and in fact I would in this case even tag it as the worst of them all. I have come across cases where a gambler continuously and consecutively hit jackpots for some period of time and instead of them to pause and take a break they continue to stake even to the extent that some of them stake the whole of their previous wins and unfortunately end up losing it all. In fact the idea of being a responsible gambler also entails being able to place bets logically by knowing only what to stake but also when to take a break .
Greed is a very bad attitude in gambling and no gambler is safe from it unless the gambler is disciplined and determined to do the right thing. No serious gambler should just be gambling without a budget and plan, the absence of this is what causes greed, and unless the gambler does not follow his plans and the management calculated per session, then greed and other emotions could creep in and this can't be good at all.

However, I still do not see greed as the worst issue in gambling because it could be momentary, what I see as the worst issue in gambling is desperation as a context. It doesn't matter whether it is the desperation for the money or desperation too achieve a goal through gambling, so long as gambling is involved, then an issue will surely arise.

Desperation also works hand in hand with fear, so I fear fear in gambling than greed because greed is done in a relaxed mood but desperation is birthed by many issues which include fear and could result to something worse if care is not taken. Regardless, the two are bad and we should do all we can to avoid them both.

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May 31, 2024, 12:10:13 PM
 #355


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.
Loses can occur in gambling, whether the gambler is greedy or not, we should understand that the higher the amount that is used to gamble, the higher the risk and if the gambler wins, the the higher the amount. People can bet with a small amount of money, meaning that they're not greedy, yet they can lose their bet, so being greedy or not doesn't really matter to me, because gambling is mostly about luck.

If a person can gamble with the amount that they can afford to loose, then they can go ahead and add more games if they want, afterall the extra one can give that mega win.

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May 31, 2024, 01:53:46 PM
 #356

It's not that greed can cause a bet, even without greed, people lose all the time. It's just that with greed, you actually want to bet more, which in turn leads to further possibilities of losing (and winning as well). In most cases or experiences shared, losses are more emphasized than winning, hence why the general perception of greed is that it can cause you to lose.

And tbf, seeing the original bet and the max win, seems like your chances of winning were pretty close to zilch, so I don't think there's anything to question about it really. And as others have pointed out, it's a scam casino, so if that lightens the load on your mind then might as well just think of it that way instead of blaming your greed.

Yes, that is what we surely misunderstood, we always think that greed is what is really causing why we are always losing because if we win the first, we will want to gamble more in order to win more instead of leaving when we have win the first time although that is human being for us, we already have greed in our body, it's not only in gambling self, anything we don in this life, we do apply greedy in it, we are not always satisfied by what we have no matter how big or little it is, we will always want more and that is one of the things that brings most people now, the lose the little they have in their hands while looking for money, although it might turn out good or bad for us that is we can either lose or win in gambling if we decide to gamble more when we have a win or not.
To describe more fully, it is destined that we will lose in betting without the need for other emotions, greed is just the thing that is most strongly aroused to make our losses appear more sudden and exponential than normal, blaming greed is not reasonable when it is already attached as a part of personality, many people will cover it up more carefully, many people will not be tactful and let greed manifest too quickly to the point of losing their minds. It can be said that greed is just a supporting role in losing bets, the main factor still comes from psychology and the ability to manage emotions, as well as how these factors break down so quickly.

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May 31, 2024, 03:14:11 PM
 #357

In gambling, losses are certain. The best approach against gambling is getting satisfy and asking yourself wether or not you wanna risk this amount to get .... potential winnings.
Lack of satisfaction on a bet is what leads to greed, thus you expect much, and want big wins than normal which always leads to the regret of "I had know".
In essence be satisfy, and always remember a mansion was not built in a day.
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May 31, 2024, 04:43:11 PM
 #358

We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
Many things can cause a gambler to lose a bet . Of course greed is one of them and in fact I would in this case even tag it as the worst of them all. I have come across cases where a gambler continuously and consecutively hit jackpots for some period of time and instead of them to pause and take a break they continue to stake even to the extent that some of them stake the whole of their previous wins and unfortunately end up losing it all. In fact the idea of being a responsible gambler also entails being able to place bets logically by knowing only what to stake but also when to take a break .
Greed is a very bad attitude in gambling and no gambler is safe from it unless the gambler is disciplined and determined to do the right thing. No serious gambler should just be gambling without a budget and plan, the absence of this is what causes greed, and unless the gambler does not follow his plans and the management calculated per session, then greed and other emotions could creep in and this can't be good at all.

However, I still do not see greed as the worst issue in gambling because it could be momentary, what I see as the worst issue in gambling is desperation as a context. It doesn't matter whether it is the desperation for the money or desperation too achieve a goal through gambling, so long as gambling is involved, then an issue will surely arise.

Desperation also works hand in hand with fear, so I fear fear in gambling than greed because greed is done in a relaxed mood but desperation is birthed by many issues which include fear and could result to something worse if care is not taken. Regardless, the two are bad and we should do all we can to avoid them both.
Greed isnt temporary. This primordial impulse promotes ambition, innovation, and healthy competition. Some ambition never hurts, right? I believe a good dosage of greed may motivate us to realize our best potential and surpass ourselves. Harness greed and use it for good. It takes discipline and a good strategy. Clear goals, good bankroll management, and knowing when to quit are essential. Folks, ambition and wild recklessness are fine lines.

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May 31, 2024, 04:52:41 PM
 #359

Greedy or not it will still depend on your luck but the only disadvantage when you are greedy is that you are maximizing the amount of money you are going to lose which is not a good habit and we all know that do you? If you are having that good timing to hit your luck while playing greedy, that's one in a million luck so yeah good luck next time.



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May 31, 2024, 09:04:14 PM
 #360

Greedy or not it will still depend on your luck but the only disadvantage when you are greedy is that you are maximizing the amount of money you are going to lose which is not a good habit and we all know that do you? If you are having that good timing to hit your luck while playing greedy, that's one in a million luck so yeah good luck next time.

That's just it , either you are greedy or not one's wins still depends on luck . When greed is bad is when one don't actually know when to stop , because greed can come in two ways either by winning or losing , like for instance a gambler is winning most of his gambling section of that day , he or she won't want to stop because of the urge of wanting more .

While in the scenario when one is Losing, he or she will have this greed of wanting to get those losses back or even more . Before they will stop and most time they normally stop with that mindset after encounting alot or countless losses that lead to them not having any cash for gambling.

That's why you just have to gamble normal , without the interferance of any emotions . that's most people will say don't gamble when you are too happy or when you are sad.

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