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Author Topic: Greed or risk  (Read 2621 times)
Shamm
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November 02, 2023, 03:55:45 PM
 #101

since the amount already grow more than a double, it only means he is about to win huge so why cashout instead.  it don't make sense. they only do that when they are not confident anymore but usually when they cashout its almost guaranteed more than half the amount is lost.

if it were me its a win. and let the game end to celebrate victory. the odds is quite not the teams favor actually so he is rooting for the underdog.


Once we won a big amount of money then  there's a possibility that it will doubled or  trippled  and if it will happen then we can cashout it all away. If we do not want to cashout and then we risk our money there's a high possibility that we loss all our funds. So it's better to think twice which is better if we are gonna cashout right away
but it's up to the gambler if he will withdraw  or take a risk  but there's a high chance of loses.  But for me cashout is the best  option.

R


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November 02, 2023, 04:56:10 PM
 #102

That was pure luck, and for me he just take the risk and that risk was worth it. If he has to take another risk I can call that a greedy move. If I was the one won that amount I will surely cash it out because that is enough for me and my family to survive.
I don't think it's pure luck because this is sports betting. The guy could also be skillful because he is confident that he will win and he didn't cash out early. Gambling is all about taking risks no matter what type of game we are playing, as long as our goal is to earn a profit. If not, it can simply give us an entertainment. Since the guy is already successful, I think it's fine to allocate some money to try again.

I am not sure if it's a greedy move but it may be, if he keeps on playing and using all what he won earlier. Not all have the same appetite for gambling. Maybe yours is lower than him but other than that, you also think about others. Your a good guy.

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November 02, 2023, 05:43:03 PM
 #103

since the amount already grow more than a double, it only means he is about to win huge so why cashout instead.  it don't make sense. they only do that when they are not confident anymore but usually when they cashout its almost guaranteed more than half the amount is lost.

if it were me its a win. and let the game end to celebrate victory. the odds is quite not the teams favor actually so he is rooting for the underdog.


Once we won a big amount of money then  there's a possibility that it will doubled or  trippled  and if it will happen then we can cashout it all away. If we do not want to cashout and then we risk our money there's a high possibility that we loss all our funds. So it's better to think twice which is better if we are gonna cashout right away
but it's up to the gambler if he will withdraw  or take a risk  but there's a high chance of loses.  But for me cashout is the best  option.

However, in my opinion, if someone gets a big win, they will most likely increase the bet value because at this time greed will take over them so they are not satisfied with what they get, of course this will be bad for them by increasing the value of a small bet to possibly get a bigger win.
It's true that you said it's up to them although withdrawing everything is the best option but it seems difficult to withdraw everything because those who are dominated by greed think this is an opportunity for them to get bigger. However, many of the gamblers I think will return to play by increasing the value of the bet because of the dissatisfaction they feel even with the risk of losing back the winnings they get, I myself think that winning big and increasing the value of the bet will actually spend everything they get back. Because opportunities don't come twice.

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November 02, 2023, 06:02:24 PM
 #104

Is none of your business on how the intend to go about their bets and. someone who staked such an amount to cash out $800+ as in a cashier that is not so good enough and also doesn't show any excitement in the whole process because I am sure that the ops have a hard lot of good waiting for his game to fully play out even though his prediction may become wrong and he ends up losing everything.


Although from the screenshot you shared you did not show anywhere that that amount of cash out was available so for that we may argue that the amount in total available cash out may be incorrect because there is no evidence to show that in this regard.

If it's his friend then it might be his business. I talk with friends about various things and we don't tell each other in a rude way to do this or that, but we share opinions. It all depends on how you say it.

As for the second argument that you have, when the button is green, allowing you to click it, or press with your finger in case of a phone, the money is available. Before that the button is inactive and usually gray. It's a common thing, especially in parlay bets that they allow players to take smaller profit half way through their games.

I'd probably take the money and not wait until the end.

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November 02, 2023, 07:31:32 PM
 #105

Greed will always come to you, whatever the results you receive from gambling. If you win, greed will become even greater. And if you lose, greed will also tell you to play one more round, and if you still lose, greed will keep telling you to try again and again. ~

I think this algorithm of emotions works if a person has an addiction (of varying degrees), because if you take simple human instincts/logic, then if you win something, then you need to take it and run away. If you lose, all the more you need to run away because losses are harmful and a person always wants to avoid losses. That is why the main efforts of the casino are aimed at ensuring that players remain in the game for as long as possible because this will cause them to become addicted.
I believe whether you're addicted to gambling or not, greed is always there. The only difference is that there is higher greed that has been developed when you are already addicted in gambling, and because of that the urge to gamble more becomes more uncontrollable as well.

However, both greed and risk are undeniably present in a gambler. The moment you spend your money to bet without any assurance to get returns or not, that is already taking a risk regardless of the amount. After all, you really need to take risk for you to win, big or small. And the bigger the amount you take risk, the higher the greed you developed, the lesser the amount you bet, it seems the more controllable your greed is.
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November 02, 2023, 07:37:29 PM
 #106

since the amount already grow more than a double, it only means he is about to win huge so why cashout instead.  it don't make sense. they only do that when they are not confident anymore but usually when they cashout its almost guaranteed more than half the amount is lost.

if it were me its a win. and let the game end to celebrate victory. the odds is quite not the teams favor actually so he is rooting for the underdog.


Once we won a big amount of money then  there's a possibility that it will doubled or  trippled  and if it will happen then we can cashout it all away. If we do not want to cashout and then we risk our money there's a high possibility that we loss all our funds. So it's better to think twice which is better if we are gonna cashout right away
but it's up to the gambler if he will withdraw  or take a risk  but there's a high chance of loses.  But for me cashout is the best  option.

However, in my opinion, if someone gets a big win, they will most likely increase the bet value because at this time greed will take over them so they are not satisfied with what they get, of course this will be bad for them by increasing the value of a small bet to possibly get a bigger win.
It's true that you said it's up to them although withdrawing everything is the best option but it seems difficult to withdraw everything because those who are dominated by greed think this is an opportunity for them to get bigger. However, many of the gamblers I think will return to play by increasing the value of the bet because of the dissatisfaction they feel even with the risk of losing back the winnings they get, I myself think that winning big and increasing the value of the bet will actually spend everything they get back. Because opportunities don't come twice.
Greed is something that it is really hard to control and does really need up that internal discipline and really that mindful about on the things that must done. Easy to say but it is really hard to be done on the time that you are on such situation on which there's no way that you could really be able to make yourself that able to do such thing on point. On the time that you are on such condition seeing that your bet is winning and would be having that early cash out opportunity then for sure it would really be that disrupt up your initial plans considering that you would really be thinking about those probabilities of comeback and might be resulting into losses of those bets which you do see that it is really that a sure win but we know as long the game isnt over there's always a chance or tendency for comeback.

Somehow, its none others business on what you would gonna do with your bet since its your money and you do have the full rights whether you would really be pushing it through or would really be cashing it out earlier.
There are really just those people who cant really just that bare up the risks and would really be going on the safer side of things but we do also know that there are
really people who are really that risk takers and could really do able to bare up with those risks involved.

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November 02, 2023, 07:46:12 PM
 #107

I was telling someone that if I'm the one to have such a slip and the game is already showing me to cash out such an amount of money, which is equal to $865 based on our local exchange rate, seeing such an amount as cash out available and leaving it will make me appear like someone who is too greedy, but the guy was telling me it's not being greedy but it's all about taking risks. The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.
The way of thinking of people who actively gamble will always be different from people who only gamble for fun. For us, maybe that much money would be much better if it was withdrawn first and left in a certain amount for future betting needs. But for some people their views will never be in line with our thoughts, there is no debate on this issue and it would probably be quite stupid for us to debate in such conditions.

No matter how rational your argument is, it will not be useful to them and will still not make them agree with your thoughts. That's how gambling affects people's attitudes and your way of thinking will always be different from theirs. So stop arguing and for those who like to take risks it's not a big deal because they have often done that long before you knew.

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November 02, 2023, 07:59:11 PM
 #108

Well, it’s his bet and he can do what he wants to do. He fully knows the risk and wants to keep on holding out till the end. I personally don’t think greed may be at play here but I may be wrong. But whatever the case, the player is obviously aware of the opportunity he has to withdraw a considerable amount and still choose to hold on.
Greed is also a possibility here. I’ve also had someone I know lose out after having an opportunity like this. Perhaps, having high hopes and thinking more about the amount to be gotten, he decided to hold on till the end of the game and ultimately lost out in the end. It’s really all about taking the risks and bearing the outcome later on.
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November 02, 2023, 08:26:35 PM
 #109

The way of thinking of people who actively gamble will always be different from people who only gamble for fun. For us, maybe that much money would be much better if it was withdrawn first and left in a certain amount for future betting needs. But for some people their views will never be in line with our thoughts, there is no debate on this issue and it would probably be quite stupid for us to debate in such conditions.

No matter how rational your argument is, it will not be useful to them and will still not make them agree with your thoughts. That's how gambling affects people's attitudes and your way of thinking will always be different from theirs. So stop arguing and for those who like to take risks it's not a big deal because they have often done that long before you knew.
Maybe with that much money for an active gambler is not an addiction he will definitely continue to give arguments so as not to lose the debate, while the one who has fun in gambling will not spend much to hundreds of dollars unless he is an active gambler with the expectation of winning more than that, so it is necessary to ignore this kind of debate is definitely not going to be in line because we certainly think that money is very valuable for other purposes than gambling completely.

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November 02, 2023, 08:29:21 PM
 #110

This is a game,  no matter the amount involved.  Gambling is all about risk taking. Your friend is only trying his luck, if he wins then it's fine. And if he loses, its still his business. I wouldn't want to tag it as greed. Every gambler has these atom of greed in them, we always want more and we expect a win from every gamble whether we are Gambling for the money or for fun. If he is matured enough to accept the outcome of the gamble , then let him carry on. Gambling is risk.

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November 02, 2023, 08:54:13 PM
 #111

I saw this image below on one of my friend's WhatsApp statuses earlier today. I don't know if the game was played by him or if it was an image saved from somewhere, but the image got me thinking, and we got into a debate because of that.
 
I was telling someone that if I'm the one to have such a slip and the game is already showing me to cash out such an amount of money, which is equal to $865 based on our local exchange rate, seeing such an amount as cash out available and leaving it will make me appear like someone who is too greedy, but the guy was telling me it's not being greedy but it's all about taking risks. The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.
 
Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.

Well I wouldn't blame the person if they wishes to allow the game play to the end, considering the fact that most people are very wealthy that even a lose of 1 million will not even affect them in anyway, so whenever they play a game and it gives them a reasonable cash out they don't bother considering it because which ever way the game turn out to be he will not be affected emotionally or otherwise.

So I cannot call it a greed but instead is a risk, but however if a poor man has that kind of cash out and refuses to accept perhaps we could call it a greed.

So for me in as much as I'm sure on the possibility of wining the bet, I will always accept a reasonable cash out if there is any because anything can happen.

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November 02, 2023, 09:07:23 PM
 #112

I saw this image below on one of my friend's WhatsApp statuses earlier today. I don't know if the game was played by him or if it was an image saved from somewhere, but the image got me thinking, and we got into a debate because of that.
 
I was telling someone that if I'm the one to have such a slip and the game is already showing me to cash out such an amount of money, which is equal to $865 based on our local exchange rate, seeing such an amount as cash out available and leaving it will make me appear like someone who is too greedy, but the guy was telling me it's not being greedy but it's all about taking risks. The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.
 
Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.
It can be both, maybe your friend knows exactly what they are doing and they are simply taking the best odds possible for their bet and they have good chances of winning it, which seems to be exactly what it happened, however this does not necessarily discard the possibility that this was because of their greed as well, as betting that amount of money in a single match is simply too much, unless your friend is a professional gambler or he has way more money than that saved and they can allow themselves to make such bets.
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November 02, 2023, 09:14:59 PM
 #113

I saw this image below on one of my friend's WhatsApp statuses earlier today. I don't know if the game was played by him or if it was an image saved from somewhere, but the image got me thinking, and we got into a debate because of that.
 
I was telling someone that if I'm the one to have such a slip and the game is already showing me to cash out such an amount of money, which is equal to $865 based on our local exchange rate, seeing such an amount as cash out available and leaving it will make me appear like someone who is too greedy, but the guy was telling me it's not being greedy but it's all about taking risks. The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.
 
Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.
It can be both, maybe your friend knows exactly what they are doing and they are simply taking the best odds possible for their bet and they have good chances of winning it, which seems to be exactly what it happened, however this does not necessarily discard the possibility that this was because of their greed as well, as betting that amount of money in a single match is simply too much, unless your friend is a professional gambler or he has way more money than that saved and they can allow themselves to make such bets.
When it comes to sporting gambling, I think anyone who wants to be successful in it needs to be greedy at some point in other to be able to win massively.
That being said, I think there should be a limit to everything one is doing with the picture I saw, I think it's excessive greed which isn't advisable for your friend not to cash out such amount of money and considering the amount be used in staking the game. In sport betting, there's no game that's very easy to predict the outcome so it's greed taken too far not to accept to cash out such amount of money

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November 03, 2023, 10:08:03 AM
 #114

Both.
It's greed and risk. Maybe your friend just believed that the team he is rooting for can really win that game but it ended up bad. The greed factor is, there's really a big difference when you win it all rather than cashing it out early.
Some will play safe like I do and perhaps I will cash it out because of the amount that is on the line. But a gambler will always be a gambler. They won x5 and it's not enough. Some won x1000 and still not enough because they feel like it's their lucky day. If I were you I wouldn't debate this matter because gamblers have different kinds of approaches when it comes to their bets.
Earlier I had a long parlay that was winning but because of the small amount that I put into it I didn't try to cash it out and I wanted to see how it would end. Sadly, it didn't win but I don't regret it much because I can afford the losses that I made.
I think what you said at the end is also what matters in this situation. Someone who can afford to lose a certain can take the risk and try their luck knowing that they can win a higher amount through the bet and even if they don't, it won't be an issue for them since they can easily afford to lose the amount they've used for the bet. Greed is when you know you can't lose the money but you still don't cash out thinking that you will double the money that you've bet.

You are also right that it depends on a gambler's profit appetite, some may become happy if they get even 0.5x of their bet but some might not be satisfied even after getting many folds because they usually aim for higher profits and they do it by risking the money that they've allocated for this purpose.

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November 03, 2023, 10:21:46 AM
 #115

since the amount already grow more than a double, it only means he is about to win huge so why cashout instead.  it don't make sense. they only do that when they are not confident anymore but usually when they cashout its almost guaranteed more than half the amount is lost.

if it were me its a win. and let the game end to celebrate victory. the odds is quite not the teams favor actually so he is rooting for the underdog.


Once we won a big amount of money then  there's a possibility that it will doubled or  trippled  and if it will happen then we can cashout it all away. If we do not want to cashout and then we risk our money there's a high possibility that we loss all our funds. So it's better to think twice which is better if we are gonna cashout right away
but it's up to the gambler if he will withdraw  or take a risk  but there's a high chance of loses.  But for me cashout is the best  option.


Just as you've said, if one leaves then he's safe and nothing bad is going to happen, but staying back to continue is a display of greed and that is very risky because one will eventually lost everything to that same particular bet, the way we see bet isn't the way it appears, we take the risk in doing it, but when the risk becomes dominant than the advantage, it's better to withdraw before the worse should happen and we loose the entire opportunity.

R


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November 03, 2023, 11:20:35 AM
 #116

Just as you've said, if one leaves then he's safe and nothing bad is going to happen, but staying back to continue is a display of greed and that is very risky because one will eventually lost everything to that same particular bet, the way we see bet isn't the way it appears, we take the risk in doing it, but when the risk becomes dominant than the advantage, it's better to withdraw before the worse should happen and we loose the entire opportunity.
Everything will depend on each gambler and you said it right. If he continues gambling because he follows his greed, he will only experience more losses. Supposedly, when he can win, he can stop first to lower his tension and not follow his ego to win more money. And he could indeed lose all his money if he decides to continue gambling, especially as many gamblers have experienced this. Gamblers must pay attention to themselves when gambling and not be so engrossed in gambling that they forget when to stop.

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November 03, 2023, 11:45:44 AM
 #117

since the amount already grow more than a double, it only means he is about to win huge so why cashout instead.  it don't make sense. they only do that when they are not confident anymore but usually when they cashout its almost guaranteed more than half the amount is lost.

if it were me its a win. and let the game end to celebrate victory. the odds is quite not the teams favor actually so he is rooting for the underdog.


Once we won a big amount of money then  there's a possibility that it will doubled or  trippled  and if it will happen then we can cashout it all away. If we do not want to cashout and then we risk our money there's a high possibility that we loss all our funds. So it's better to think twice which is better if we are gonna cashout right away
but it's up to the gambler if he will withdraw  or take a risk  but there's a high chance of loses.  But for me cashout is the best  option.


Just as you've said, if one leaves then he's safe and nothing bad is going to happen, but staying back to continue is a display of greed and that is very risky because one will eventually lost everything to that same particular bet, the way we see bet isn't the way it appears, we take the risk in doing it, but when the risk becomes dominant than the advantage, it's better to withdraw before the worse should happen and we loose the entire opportunity.
Better to cash out to avoid risk no one knows for sure if a win will lead to a subsequent win then the funds are at risk of being wasted. And if you lose by cashing out but the bet still has a shot you will be able to cash out and reduce your losses to less than your bet. Cashing out can be tempting because it allows you to lock in profits or reduce your losses without putting any money at risk. Also creates opportunities to secure a portion of the winnings or as the odds change for or against you.
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November 03, 2023, 11:56:17 AM
 #118

Just as you've said, if one leaves then he's safe and nothing bad is going to happen, but staying back to continue is a display of greed and that is very risky because one will eventually lost everything to that same particular bet, the way we see bet isn't the way it appears, we take the risk in doing it, but when the risk becomes dominant than the advantage, it's better to withdraw before the worse should happen and we loose the entire opportunity.
Everything will depend on each gambler and you said it right. If he continues gambling because he follows his greed, he will only experience more losses. Supposedly, when he can win, he can stop first to lower his tension and not follow his ego to win more money. And he could indeed lose all his money if he decides to continue gambling, especially as many gamblers have experienced this. Gamblers must pay attention to themselves when gambling and not be so engrossed in gambling that they forget when to stop.

Yes, it's true what you said, when they win, they should stop for a moment and rest to calm their minds so that greed does not occur which will make them experience huge losses. and that is a self-control by limiting gambling games.

But most gamblers do the opposite of what you said, they gamble with no limits until they forget the time when they have to stop. at this point they have begun to be consumed with greed that makes them addicted.
Only a few people are able to limit gambling, by withdrawing the winnings they get and not continuing the game because they already know what will happen if they continue the game by increasing the value of the bet.

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November 03, 2023, 12:04:43 PM
 #119

Just as you've said, if one leaves then he's safe and nothing bad is going to happen, but staying back to continue is a display of greed and that is very risky because one will eventually lost everything to that same particular bet, the way we see bet isn't the way it appears, we take the risk in doing it, but when the risk becomes dominant than the advantage, it's better to withdraw before the worse should happen and we loose the entire opportunity.
Everything will depend on each gambler and you said it right. If he continues gambling because he follows his greed, he will only experience more losses. Supposedly, when he can win, he can stop first to lower his tension and not follow his ego to win more money. And he could indeed lose all his money if he decides to continue gambling, especially as many gamblers have experienced this. Gamblers must pay attention to themselves when gambling and not be so engrossed in gambling that they forget when to stop.
But sadly, gamblers often continue to play and follow their greed. We can say that the reason behind it is because of their addiction. AFAIK, when getting addicted to gambling, a psychological effect can stimulate a person's brain, something like a reward system, the more a person repeatedly does (winning or losing), the more addicted you get.

This state can be considered the same with compulsive gambling, causes of chasing your bets that lead to more losses. Even if the gambler pays attention to his behavior, nothing will still happen as he continues to disregard it when gambling.


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Dave1
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November 03, 2023, 12:16:37 PM
 #120

Just as you've said, if one leaves then he's safe and nothing bad is going to happen, but staying back to continue is a display of greed and that is very risky because one will eventually lost everything to that same particular bet, the way we see bet isn't the way it appears, we take the risk in doing it, but when the risk becomes dominant than the advantage, it's better to withdraw before the worse should happen and we loose the entire opportunity.
Everything will depend on each gambler and you said it right. If he continues gambling because he follows his greed, he will only experience more losses. Supposedly, when he can win, he can stop first to lower his tension and not follow his ego to win more money. And he could indeed lose all his money if he decides to continue gambling, especially as many gamblers have experienced this. Gamblers must pay attention to themselves when gambling and not be so engrossed in gambling that they forget when to stop.
But sadly, gamblers often continue to play and follow their greed. We can say that the reason behind it is because of their addiction. AFAIK, when getting addicted to gambling, a psychological effect can stimulate a person's brain, something like a reward system, the more a person repeatedly does (winning or losing), the more addicted you get.

This state can be considered the same with compulsive gambling, causes of chasing your bets that lead to more losses. Even if the gambler pays attention to his behavior, nothing will still happen as he continues to disregard it when gambling.

You are right, gamblers are not going to stop and will continue to played despite winning big because of their greed. Perhaps people are build with it, I mean if you by chance continue to win then you think you can get more and continue to bet for more.

And then you suddenly fell into big gambling addicts and you think that you are invincible. So it's very hard to control's one emotion and behavior. It will take a lot from the gamblers to really stop their gambling habit and kick it out for good.

R


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