Greed or risk

[redsun114]

It's not always about greed, someone who can afford to take the risk would obviously do it if they wouldn't be bothered much even if they lose the bet after not cashing out. It all depends on the mindset and the financial situation of the person who has made the bet, someone who doesn't have a lot of money and has used everything they had on the bet and is getting a good return would probably cash out before it's too late, but someone who knows that they can afford to take the risk and they might get a higher reward wouldn't do it, of course.

So, we shouldn't really judge people like that, whatever we think, we should keep it to ourselves since everyone has their own perspective for seeing things, and everyone has different situations and conditions in their lives that may differ from ours and we might be judging them based on what we are going through or thinking about.

[Outhue]

It's greed, if it's me I would have cash out and enjoy my win, I don't know why people go extra lent on something that they don't sweat on, this is free money we are talking about, the fact is nothing is free and that's why gambling seems hard, because we are all chasing free money, this isn't going to come easily compare to chasing life goals through hard working, this is why many gamblers always lose, because they are chasing free money.

Even after they win they still believe there is more, I don't know where they get their minds, hoping from something they break no single sweat on, when free money comes you take it with no complains, been greedy on free money is the most stupid thing anyone can do.

He is lucky this time but I am sure with the mindset he carries around he will be in trouble sooner or later, this method ain't going to last for him, he is a good example of a greedy gambler, they always learn after everything that's related to their gambling strategy goes against them.

[Assface16678]

Well, the image shows that your friend takes the risk. We can't say that it is greedy, as shown he is that your friend bet a huge amount of money and if it was really his bet, then he earned a lot of profit, which is a good thing. As they say big risk means big profit, he takes the risk maybe because he's so sure about his bet. I'm sure your friend is not dumped to go into a bet where he will be in a bad situation. If so, then that's what we call greedy or, let's say, an irresponsible gambler. Imagine betting that huge amount of money on a bet. You are not sure if it will be on your side. That's too much risk. I'm like your friend if I'm sure about the bet I will too take the risk because why not, if I'm really sure about the odds then take it.

[ethereumhunter]

Was your friend the one who placed the bet? It was greed if your friend didn't immediately cash it in because after all, your friend has already earned that much money and he still wants more. He would be truly lucky if he could win it to the end. But if not, he will only regret it because he has wasted this golden opportunity. He may not get such great results another day because that golden opportunity might rarely come his way again. If that happens to us, we should immediately cash out rather than wait until the end, where there is no guarantee we can win. But that's up to him because it's his money and we don't have any responsibility to him.

[fzkto]

You need money? Be greedy and take that money.

You are not greedy? It's just the same as continuing to risk that whether you gamble that again. Are you confident that you'll be able to get that money again? If not, get it and think that the casino might get it back again from you.

Everyone's mindset is all about gettin that money because that's the goal of everyone who gambles and that's to win and take your money as soon as you get wins.

It is the psychology of a greedy person becoming even greedier because of the opportunity to get money. Therefore, he runs the risk of losing his personal money. The casino is never at a loss, so all this psychological things have long been well calculated mathematically. Winning is much less common than losing.

[moneystery]

different people must have different opinions, some say that it is greed, some say it's a matter of risk. but i have the view that it is a risk. he took the risk of gambling the amount of money and hoped that he got the reward. maybe he has his own analysis and believes that he can win the bet. moreover, he seemed confident that the team he held could win so he did not hesitate that gamble of that much money.

[peter0425]

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.

yes mate , that is the best action in this situation specially that we are not that rich to risk more , let those addicted gambler do that but we that have a great understanding about money? lets not to the same.
and hoping that the one who had that picture do the same , to save his good amount risking and crying after that result .
gambling is not for all the time ,  we have a limit in luck access so when you already have this then better to get out .

[Docnaster]

different people must have different opinions, some say that it is greed, some say it's a matter of risk. but i have the view that it is a risk. he took the risk of gambling the amount of money and hoped that he got the reward. maybe he has his own analysis and believes that he can win the bet. moreover, he seemed confident that the team he held could win so he did not hesitate that gamble of that much money.

When it comes to gambling, a gambler is expected to be greedy in his decisions sometimes to be able to win big but one thing to be considered is if he'll be able to afford the effects of his greed when it doesn't go his way.
It's is the ability to take risks when necessary that makes one a true gambler. So wether greedy or not, the goal is to win at the end of the day

[Fivestar4everMVP]

Maybe there is something I am missing here, or not seeing, or maybe I am just plainly confused, somebody should please correct me just incase I am wrong..

I am not seeing where the cash out amount is written on this bet ticket, what I can see on this ticket is the Stake amount, which is 1,000,000. And then the pot. Win, which means potential winning amount, which is 2,730,000 . Where is the cash out amount written please?

I hope op is not referring/taking the Potential winning amount, as the cashout amount???

[angrybirdy]

different people must have different opinions, some say that it is greed, some say it's a matter of risk. but i have the view that it is a risk. he took the risk of gambling the amount of money and hoped that he got the reward. maybe he has his own analysis and believes that he can win the bet. moreover, he seemed confident that the team he held could win so he did not hesitate that gamble of that much money.

When it comes to gambling, a gambler is expected to be greedy in his decisions sometimes to be able to win big but one thing to be considered is if he'll be able to afford the effects of his greed when it doesn't go his way.
It's is the ability to take risks when necessary that makes one a true gambler. So wether greedy or not, the goal is to win at the end of the day

Well, most of the gamblers tends to be greedy especially if the desire to win is in peak, To the point thaf they will forget all the limitations and bounderies that they've set into theirself. Risk and being greedy has a difference because being greedy is you're not sure on what you are doing, what's on your mind is to gamble and to win, however when it comes to risk, you are aware on your decision and you think it so many time before you proceed on your plan.

[swogerino]

There are two sides to the story as there are two sides to the coin flip.Most gamblers would cash out that amount as most gamblers have not that huge amount of money to gamble with as a beginning and to them this bet slip may look like a one in a lifetime opportunity so if they were in the place of the bettor they would cash it out and be very happy about it.

The other side is that if the bettor has enough money only greed can be applied to it if  he let it run risking big to lose money,the one that bring huge risks is the greed but most likely the bettor applies in life the statement "huge risk,huge reward" and as such he does not cash out.

[KTChampions]

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.

This is an individual choice and you will probably make different decisions in different situations, but whatever you choose, you should remember that when you cash out, the casino takes an additional margin from you. From a mathematical point of view, it is better to take a risk and find out whether the bet will work or not.
But of course, if this is a huge amount that you are risking once in your life (in this case, mathematical calculations regarding optimal behavioral strategies are not important), then it is better to make a cash out.

[Cookdata]

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.

I think there is a misinterpretation from your image and the amount to cash out. That ticket was only a single match between Barcelona and Real Madrid bet which means tbe player staked ₦1,000,000 which is equivalent to $865 in dollar according to today's rate and expect Real Madrid to win as an away match of 2.74 odd. The potential win that player is expecting is ₦2,730,000 which is almost 3X amount of what was staked for that game.

You are not going to know amount that you can cashout until you touch "cashout" option, that's when you can cashout some amount and the cashout is dependent on how favorable your game has been. Since he bet on Real Madrid, they were winning toward the 70+ minute, if he want to cash out some amount, he will be allow but will be slightly higher than his staked amount. However, if Real Madrid was losing in that match and you feel like cashing out, you might get half the amount you staked. That's how cashout works.

Coming back why people cashout is all about how you feel along the way on your games. Some people don't mind to see their money gone because they believe so much in their predictions, they don't cashout even if they see cashout options in their tickets.

[Negotiation]

Gambling involves both greed and risk since your friend has bet he has taken risk because he has earned a lot. A person is not lucky every time he is really lucky even after betting so much no one can guarantee a win in gambling maybe he knows the right gambling strategies. An experienced gambler analyzes the market and takes risks. He probably has a lot of confidence that he will win this time so he is taking a risky bet so that he doesn't have to regret it later. Maybe he thinks that this kind of opportunity doesn't come often not everyone will take as much risk as your friend and everyone will cash out after winning.

[CODE200]

You need money? Be greedy and take that money.

You are not greedy? It's just the same as continuing to risk that whether you gamble that again. Are you confident that you'll be able to get that money again? If not, get it and think that the casino might get it back again from you.

Everyone's mindset is all about gettin that money because that's the goal of everyone who gambles and that's to win and take your money as soon as you get wins.

I couldn't agree more! You made a good point. I think that all of these boils down on one idea that we have different beliefs and that we perceive gambling differently. And we cannot name someone as 'greedy' just because his/her belief is different than yours. We all have different goals and reasons why we engage in gambling activities. If you wanted to make more money, then be as greedy as you want as long as you held yourself accountable from what can be the result of that greediness. You love taking risk? then do it because no one can tell you otherwise. Or are you someone who wanted to play safe? then might as well be it, because that's your own money and don't let other people tell you that you are boring because you are not that type of gambler who loves taking risks. What I mean is, we all have different playing styles and goals. What we can do is to just let people enjoy things and let them decide for themselves.

[Jody.Drummer]

different people must have different opinions, some say that it is greed, some say it's a matter of risk. but i have the view that it is a risk. he took the risk of gambling the amount of money and hoped that he got the reward. maybe he has his own analysis and believes that he can win the bet. moreover, he seemed confident that the team he held could win so he did not hesitate that gamble of that much money.

When it comes to gambling, a gambler is expected to be greedy in his decisions sometimes to be able to win big but one thing to be considered is if he'll be able to afford the effects of his greed when it doesn't go his way.
It's is the ability to take risks when necessary that makes one a true gambler. So wether greedy or not, the goal is to win at the end of the day

Well, most of the gamblers tends to be greedy especially if the desire to win is in peak, To the point thaf they will forget all the limitations and bounderies that they've set into theirself. Risk and being greedy has a difference because being greedy is you're not sure on what you are doing, what's on your mind is to gamble and to win, however when it comes to risk, you are aware on your decision and you think it so many time before you proceed on your plan.

Out of 100 people who gamble maybe I will make sure that 80 of them are greedy gamblers, even though they may initially come with the intention of seeking entertainment only but that does not mean it is impossible that in the end there will be a time when they apply their greed, not always in a conscious position but usually they will do it when in an unconscious position, such as for example a very good spin that gives them a win and in such conditions it is certain that sensation and pleasure are enveloping their minds so that they unconsciously apply greed because they think that this is a good opportunity to win in a larger amount. Even though on the other hand there is no guarantee whatsoever for you to win there.

And on the other hand if they are in that condition then yes it is very possible that some of the limits they have previously prepared will not be useful, they will not remember that and all that is on their mind is a big win. The point is that if someone is greedy then they will forget everything, especially the enormous risks that are there. Therefore, I think it is better to gamble normally, if you have won then it is better to withdraw and enjoy the money, rather than being greedy and then finally regretting it because the final result turns out to be worse.

[Reatim]

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

Correct that it is very lucky for any one to have that huge Bet slip , never that i experienced such amount for my many years of gambling in crypto or even in any online gambling . (maybe because I am small roller/bettor)

If this is mine , for sure I have already cash out that amount and Bought Bitcoin for the coming halving.
that how smart we must be because there is no continues win in gambling , instead we are all destined to lose so when having this opportunity then grab the win and go home.

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.

that is the confidence we need , but this confidence is mostly the reason why we are losing in gambling  

[maydna]

Gambling involves both greed and risk since your friend has bet he has taken risk because he has earned a lot. A person is not lucky every time he is really lucky even after betting so much no one can guarantee a win in gambling maybe he knows the right gambling strategies. An experienced gambler analyzes the market and takes risks. He probably has a lot of confidence that he will win this time so he is taking a risky bet so that he doesn't have to regret it later. Maybe he thinks that this kind of opportunity doesn't come often not everyone will take as much risk as your friend and everyone will cash out after winning.

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. People who do not control themselves will fall into the trap of greed, and they will not realize that it is a mistake they should avoid. At the same time, experienced gamblers will know that greed is already trying to tempt them, but they are not tempted to continue even if they lose. They better stop gambling for the day and leave the casino. Maybe they will return to the casino a few days later, but they don't try to recover their losses because they think that yesterday is over, and they now want to gamble for fun.

[KTChampions]

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.

[junder]

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.

That's quite reasonable, it's true that basically everyone has greed in themselves and for the problem of whether they will be greedy or not in gambling it depends on whether or not the person is addicted, as you said usually greed will occur or be applied by those who are already addicted to a certain level, it is quite difficult to think rationally when they are already addicted because all their thoughts have been instigated by all the temptations that exist in gambling, so maybe I wouldn't blame them too much if they were greedy because it's natural if someone is already in the addiction phase. It's because they're late to the party in terms of prevention at the beginning of their entry into gambling, always overestimating the odds that are clearly uncertain so they unknowingly enter into their addiction.

Running away when they have won maybe that will only be able to be done by those who are not addicted at all, meaning that whose mindset is still quite healthy in viewing gambling which is only about luck, they realize that even if they continue gambling it is not certain they can win again. And yes for casinos, they definitely want gamblers to keep playing because after all, their defeat is a profit for the casino, that's their priority.