Greed or risk

[Hirose UK]

It all depends on the gambler point of view because everyone will have different thoughts just like you and your friends arguing with each other because of differences of opinion.
If we are normal and wise gamblers we will definitely think something like this is greed, but for those who are addicts True gambling would be said to be form of taking risks because they are risking it to make the biggest possible profit.

But if I see the value that can be obtained then I personally will be more interested in it and take advantage of what I can get.
This is such big amount that even some gamblers would call win like this a big win, it would be bit of an exaggeration not to take it.

[Richbased]

Well everyone have their play pattern as some persons like single bets with huge amount why others prefer accumulated games with little amounts. So for me, he isn't greedy because one, he also wants to win about double of his stake and secondly before he played that amount it must be that he has more than the amount he staked and the staked amount may also be his betting budget so whether the game plays or not he will still be alright.

Now the game is less risky since it's only a single bet as all his attention will only be focused on the game as he didn't make accumulation that he will start monitoring their outcome one after the other before he confirm his winning, from what am even seeing, it looks like a won bet so kudos to the player as he's about #1.73 million richer.

[Fiatless]

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.

You cannot judge anyone's actions in gambling. Everyone has their views, budgets, and targets for bets. What you perceive as greed might be seen as a risk by another person. The people who cannot afford to lose such an amount will see it as greed, while many who can afford to lose it will see it as risk-taking. I know if he loses the game it will bring much regret but on the other hand, a win makes him a celebrated gambler. I don't think I will fail to cash out immediately if it gets to this sum because it is already a big win for me.

[Nrcewker]

Definitely it’s subjective to be honest. It varies from person to person. I won’t say that it’s pure greed, as when the payout it high, definitely the game was in your favour. So it’s obvious that the gambler will take more risk to make the most profit out of it. It will be useless if you fear in the mid game and cash out the bet. Yes you are taking some risk here, but you need to understand that with the risk intake, the profit also increases. So according to me the gambler took the wise decision.

[TimeTeller]

Definitely it’s subjective to be honest. It varies from person to person. I won’t say that it’s pure greed, as when the payout it high, definitely the game was in your favour. So it’s obvious that the gambler will take more risk to make the most profit out of it. It will be useless if you fear in the mid game and cash out the bet. Yes you are taking some risk here, but you need to understand that with the risk intake, the profit also increases. So according to me the gambler took the wise decision.

And if you are very sure about your bet, then, high likely that you will push this bet and not cash out.
You will only cash out if you have the feeling that you are gonna lose the next bet.
Of course, you can always cash out if your bet still allow you to do that, because in most cases, bookies won't allow you to cash out for certain period as the game is fast progressing.
Either decision on this matter is all yours - your money, your choice. So you don't have to worry about what will others will say to you on this regard.

[lienfaye]

We have different perspective regarding this so it depends on your own view since we have our own way of thinking. Anyway, IMO it will be called you're greedy, if you already had more losses and that's your chance to get some, yet you still push through, that's greed. However, if you're fine regardless of the result and still want to continue that's taking risk so it depends on the situation. The point is as long as it's your own money that you didn't owe to anyone then I don't see a problem.

If it's me I better cash it out rather than continue. Because this amount is already there, should I let this pass by? I don't know what would be the next result and it can turn to worse therefore I will not hesitate to cash out.

[Hatchy]

Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.

I believe the person who owns this slip might have a good reason for not cashing in their winnings. Most of us would cash out because the amount they bet was very large, and they were very lucky to win. We shouldn't judge them because they likely understand the game well to use such a big amount. Personally, I would take my winnings and perhaps think about betting again later.

[coin-investor]

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.
 

Not all gamblers are the same some can take small risk some can take high risk some wants moderate winnings and some are greedy to want more, if your friend wants to go for more because he is comfortable taking a risk then let him, it is money that he is using, some gambler does not look on winning but they look more on being challenged not on winnings.

I never debate with my friend when it comes to gambling his money, I can only suggest and offer him different scenarios if I see that he will be comfortable with the outcome he knows that it's possible to lose everything and he understands the disadvantages of going against a house edge, I just let him decide for himself
I just want him to be mature enough to accept the results and consequences.

[piebeyb]

It seems that this is yesterday's match, so it's probably not a saved image and he seems to have won so there's no need to match your point of view, after all no one is greedy when we withdraw our winnings and that's the right choice, maybe it's a friend's Whatsapp status you bet because he is a Madrid supporter so he bets for his favorite club, so there is no problem with that, everyone has a reason to risk all their money to get money from winning, I also often bet all my money and that too is full of analysis so I don't bet carelessly .

Moreover why should you discuss other people's bets, he is not harming you and betting with his own money taking his own risks so it is his right to bet and win that bet, I don't think you need to find out more about other people's wins and care about it because I often I saw a lot of people making Whatsapp statuses about their victory and I didn't care about that.  

[TravelMug]

This is the very definition of gambling though, you take that big risk in hope that you are going to win it. So it's really depends on the individuals and how he is carrying his gambling activities. I mean does he used to bet big already? And this is like normal beating for him? Or is he such a individual that is willing to risk and not cash out early because he is thinking of that big win?

So it's really hard to say whether it's greed or risk.

But then again, it will not be gambling for us, if we are not willing. And all we can do is hope that the gambler won that big. Because it that is us, then obviously we need all the luck in the world.

[davis196]

The question is not greed OR risk. Greed and risk have a direct correlation, not the opposite. Bigger greed leads to bigger risk and vice versa.
Some gamblers prefer less risk and bet more often, while others prefer maximizing their risks and profits(and making bigger loses, if the bet doesn't win). I guess that the gamblers who prefer higher risks are two types:
1.Gambling addicts, who start "chasing" their loses trying to recover them by taking bigger risks. I don't recommend this to anyone.
2.Rich people, who can afford to lose big time, and that's why they place big bets and take higher risks. The rapper Drake is one of those people.

[Cantsay]

Lucky for anyone who ever has that bet slip, it seems like the game played in his favour.

I believe the site this person used to place this bet is “sportybet” and the 1,000,000 you’re seeing there is not the amount he won rather the amount he staked which means that despite the ticket showing him cash out if he obliged to withdraw he will only be taking back the money that he wagered and sometimes the amount might even reduce so he might loss some of his money even before the game started.

Like we discussed in a different thread, there are some punters that use a huge amount of money that makes use think “what the heck is wrong with this person?” And to them it’s just a normal game for them. So this person that owns this ticket might have more than enough in his account to make 1,000,000 looks like normal 1,000 to him so to him it’s just risk noting more.

[blckhawk]

If that's not your friend's bet slip, then it's safe to assume that the person who owns that slip is someone who's probably not worried about losing the bet. Regarding your debate, I think you're thinking the same thing and you just have a different definition. What I mean by that is that you're already being risky if you're greedy right? So in a way, you're kind of disagreeing over nothing but that's to my perspective though. @davis196 already said what needs to be said

Greed and risk have a direct correlation, not the opposite. Bigger greed leads to bigger risk and vice versa.

[FatFork]

The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.

Why even engage in debate with him? That's his calculated risk and his decision. Those who can't handle risks involved shouldn't be gambling at all.

Besides, if you're going to call it greed, then I guess we (gamblers) are all greedy by your definition. I don't agree with that.

[stomachgrowls]

The debate didn't end well, so I decided to bring this up here to see the responses from experienced gamblers.

Why even engage in debate with him? That's his calculated risk and his decision. Those who can't handle risks involved shouldn't be gambling at all.

Besides, if you're going to call it greed, then I guess we (gamblers) are all greedy by your definition. I don't agree with that.

Something that do talks about generalization just because he didnt make some early cashout/payout even seeing those opportunities and now its been called being greedy? You are right on which it isnt really that we
dont really have that or having no sense on making debate or argumentation or trying out to say that he had made out a bad decision just because he didnt cash out early even if already on profit.
We do have our risks tolerance on which it might really be that already enough for you to get out but the a dude or your friend who had made out he bet then he would be tending on cashing it out
on full odds thats been set.

This is the very definition of gambling though, you take that big risk in hope that you are going to win it. So it's really depends on the individuals and how he is carrying his gambling activities. I mean does he used to bet big already? And this is like normal beating for him? Or is he such a individual that is willing to risk and not cash out early because he is thinking of that big win?

So it's really hard to say whether it's greed or risk.

But then again, it will not be gambling for us, if we are not willing. And all we can do is hope that the gambler won that big. Because it that is us, then obviously we need all the luck in the world.

Shots taken would really be totally be depending on you on which each of us does have that decision whether its been that involved with too much greed or still having in good control or moderation
towards your spending. There's no way that we could really be able to tell on whats the next move because each bettor does have their own actions basing up on what they do
have in mind since from the start. If he wishes to prolong the bet and doesnt really decided to cash out earlier then just let them be.

[Coin_trader]

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,

Can you clarify if the currency on the betting slip is in $ or in your local currency because your definition of cashout balance is bit confusing. The cashout amount on the screenshot is not shown while you are looking at the potential win when the match is win.

I’m assuming that the currency on this bet slip is not in $ that’s why you convert it to USD.

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.

The amount Stake shows how huge the bankroll of this user. The odds is 2.7 which means this kind of bet has highly chance of losing. There’s a lot of confidence on this bet probably due to his bankroll. Clicking cashout while you place this bet aiming to win the potential amount will kill the excitement. Your opinion is based on your personal preference since you don’t have that kind of bankroll but the owner of this consider this money as he can afford to lose which is why he make this bet.

[Nwada001]

well , like yours OP if given that kind of chance to withdraw? surely i will take it easily as I have experience so much of that in the past of my gambling addiction.when there are already huge profit and winning but instead of taking our? i decided to gamble all and yes I go home without even Gas Money lol.

I will also do the same thing if the amount I used to wager on the game was really nothing close to this available cash out. Since I have not had such a big win before seeing one like this, I won't want to waste the opportunity as the risk is just too much for me to take.
 
As I have come across many cases of others who have such opportunities of cashing out a large amount, due to how confident he is in the game, he decided not to cash out the game, but it happens the opposite way as the game didn't play in his favour, but that's what makes him a gambler. He has no regrets, and it's one of those things, and it was actually worth the risk.

[Mr. Magkaisa]

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.

        -   Did you actually get into that argument with him, mate? After all, if he hadn't also staked a sizable sum of money, he wouldn't have won as much. Because I used to wonder when I was gambling, When Would I Experience a Big Win?

If I hadn't made a large wager, such thoughts and questions wouldn't have occurred to me. And I can't really win huge because the only wager size I ever use is the minimal 0.2 dollars, and the biggest win I've ever had using this bet size was just about 105 dollars, according to my experience.

[Slow death]

I confess that I can't understand some things in this post. this barcelona game against real madrid was a game they played in yesterday. Barcelona scored the first goal in the 6th minute of the game, so the odds value for Real Madrid to win the game went up a lot and the value of the money that this guy bet went down a lot, I estimate that if he wanted to make cash he would probably only have 30% of the money he bet, meaning he would be left with a 70% loss. so it is not true that he could cashout in this game and make a profit. And I'll say more, Real Madrid tied the game in the 68th minute and therefore the cashout value would probably be around 50%, meaning the guy who made that bet would have a 50% loss if he cashed out.

another very important point is that real madrid only scored the second goal at 90 + 2 minutes and the bookmakers at 90 minutes they no longer offer a cashout option, at 90 minutes the person who made that bet could no longer withdraw part of the money (make cashout). So OP, this person who made this simple bet could not cashout after 6 minutes of the game, because he would not make a profit. This has nothing to do with greed, I think people need to understand some things before drawing conclusions. In simple bets, it is unlikely that anyone will cashout and make a profit. but in the case of multibet bets things are different.

in a multibet bet with, for example, 8 games, when the person gets 6 games right and 2 games left, then the person can cashout and make a profit. but in OP's case they are faced with a simple bet and a scenario in which it was impossible to cashout and make a profit. just look closely at the result of the game:

[so98nn]

Gambling is surely not the topic of debate but it is all about how you see it personally. If I was this guy then I think I would have cashed out already. There is no point for me in going way further than this if I am satisfied with my bet. If it is in green and I see a clear b button with cashout on it then I am definitely stopping myself. I would usually end up taking a break after winning and might come way later to enjoy the gambling again. Most of the peeps in the name of gambling go way ahead in betting the amounts (greedy). The risk is when you start spending money that is not your expense quota or maybe it is getting deducted from your savings account. If that situation arises then man, such a person is not really thinking straight, and it's risky.  He can hamper all his finances in the blink of an eye when you trade or gamble to that level. It's not an argument of what you will earn by taking risks, but it's about what is being staked. Your savings? Your last-moment money?