Greed or risk

[maydna]

~snip~

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 what we have to do when gambling, but unfortunately, that's not the case because what happens is that if someone loses, he will tend to continue gambling by depositing his money again if he has run out of money. If he still had money, he would probably use all his money to try to recover his losses. But he didn't have a bigger chance because this was a gamble where one wouldn't be able to win easily. They must accept that they have lost, and it is better to end the gambling game and rest immediately. By doing this, at least they have reduced their desire to continue gambling and can think about what has happened to them so that they can control their gambling more in the future.

[0t3p0t]

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.

[Blitzboy]

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.

There is a chance that the allure of gambling holds the mind like a vice, blocking out logical thought with the allure of winning. This idea of protection, or rather the lack of it, at the start does make you think.

what does it really mean to "run away" after a win? Is it a show of how strong you are or just a short-lived victory over your natural greed? Furthermore, it is clear that the casino is keeping this loop going because it wants to make money. It makes you think about who is responsible and the constant battle between doing the right thing and making money. Indeed, a very complicated fabric.

[Huppercase]

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 get how some gamblers have so much confidence to stake huge amount of money on a single game. The risk is high and to make the ticket worse, he bet on a game that is highly competitive, match like Elclasico is not something I will want to put huge amount of money on, the odds might he tempting as he was given a straight win of Real Madrid over Barcelona but when the match began, it was Barcelona that open the match with a goal, I wonder how tense he will be during that match.

Risk to ratio should always be far >>> than the amount you are trying to stake in match. Like staking 100k in any amount to get 270k is too risky for me but I can stake low amount on such type of single games because even anything should later happen to my prediction, I will not feel any pain of losing money. If I even go high in this kind of situation, then I will know that I have exceeded my limit of gambling, not longer for fun but waste of my resources.

[Weawant]

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 don't consider that as greed especially if the cash out isn't up to your capital you actually staked with, cashing out below your stake is still loss but I'd the cash out is above your stake and you think the game may end against your prediction I think it's safer to cash out.

Gambling generally is all about risk, even staking such amount on a single game it's risk, so for you to win, you must be willing to take some amount of risk as if you don't risk anything you don't win or loose anything aswell, that game I'm sure did went in his favourite because Madrid wom against Barcelona so he was rewarded from his risk. It's most reasonable with game you have some level of certainty with.

[knowngunman]

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.

To me cashing out depends on the game but I don't normally see cash out as best option. That's why I don't like checking my bets when I have placed them. Whenever I placed a bet, I use to assume that the money has gone or might in return in fold but cashing out is not part of plan. I don't want anything to tempt me. Seeing cashing seems to make one confuse and make you to think too much with assumption of what to do with the money and some time before you should even conclude your decision, the game has changed direction again.

Instead of thinking about it as money that's yours, you could think of it as a number on a screen. That way, you can make a more rational decision about whether to cash out or not. So, I would just allow the game to settle itself and free myself from thinking on whether I am being greedy, I already took the risk.

[Dewi Aries]

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.

That's right, there's no reason for you to keep chasing the win by increasing your playing time and increasing your budget because there's absolutely no guarantee of winning. It's really just about luck and whether or not you get lucky in your sessions, the fact is that one can never know when they're going to get lucky and walk away with a win, if it was predictable then there wouldn't be gamblers who suffer so many losses.

Taking a risk that you can be responsible for a bad result is better than putting a large amount out of greed and assuming that the winnings will be greater, the question is what if you lose? Yes you will be silent and maybe cry. So there is no reason whatsoever for you to chase victory and be greedy, everything goes randomly based on individual luck, there are no guarantees and certainties. You should pay attention to this statement it seems.

[Yatsan]

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.

That's right, there's no reason for you to keep chasing the win by increasing your playing time and increasing your budget because there's absolutely no guarantee of winning. It's really just about luck and whether or not you get lucky in your sessions, the fact is that one can never know when they're going to get lucky and walk away with a win, if it was predictable then there wouldn't be gamblers who suffer so many losses.

Taking a risk that you can be responsible for a bad result is better than putting a large amount out of greed and assuming that the winnings will be greater, the question is what if you lose? Yes you will be silent and maybe cry. So there is no reason whatsoever for you to chase victory and be greedy, everything goes randomly based on individual luck, there are no guarantees and certainties. You should pay attention to this statement it seems.

Will always depend on your next move.
It is not greedy to best a huge amount ‘coz for sure you know to yourself the consequences of doing so. Greed is indeed when you already won but is seeking for more or that you will do it again hoping to get the same result. Point is to play it safely as much as possible. Everyone’s free to take the risk of betting huge but always make sure that it’ll be an amount inside your betting and losing tolerance. There are just people who o ly embraces the risk but never the consequences. Either you win or lose, what would matter the most is how well would you be in any outcome?

[goxcraft]

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's his money. It's his decision. You can't just tell someone a greedy person, even if that person is your friend. He has his own reason to bet that much. You can try to make him change his mind, advise him, or correct him, but you can't judge him. If he doesn't understand the mistakes he is making, I'm sure your words won't matter anyway. Most of the time, it's not the risk or greed. It's an addiction that all gamblers have. It's the worst kind of addiction one can have. Believe me, I know, I have been there.

Is your friend a professional gambler or just someone who gambles just for fun?

[Renampun]

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.
...

how can you suggest something like this to your friend who is someone who likes gambling, they won't listen to what you say, besides I'm sure he is able to make a profit in every gambling activity he does, he knows what he is doing when he gambles, so when you suggest he withdraw all his winnings and stop it is an insult he feels. If I were you, then I would just congratulate that friend and maybe even ask him for some advice that I can try when betting.

[Oilacris]

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.
...

how can you suggest something like this to your friend who is someone who likes gambling, they won't listen to what you say, besides I'm sure he is able to make a profit in every gambling activity he does, he knows what he is doing when he gambles, so when you suggest he withdraw all his winnings and stop it is an insult he feels. If I were you, then I would just congratulate that friend and maybe even ask him for some advice that I can try when betting.

For sure they wont listen and who the heck are you, would really be that getting involved with their best on the first place? Its their money and its none of your business on how they would really be gonna doing it.  . As a friend then it would be normal that you would really be giving some advises but dont make out those kind of words on which it seems that you are really that commanding him on doing such thing but rather it would really be that so suggested that just let him be on what are the things that he would really be tending on doing so because if it turns out to be that kind of bossy approach
on telling him to cash out even if he dont want to then it might really be that resulting with that kind of result on which it might be ending up for having those kind of friendship issues
specially if your friend does really give out importance on the things that he's been doing.

[skarais]

~~~

For sure they wont listen and who the heck are you, would really be that getting involved with their best on the first place? Its their money and its none of your business on how they would really be gonna doing it. 

Of course, it was his money and he was solely responsible for whatever he planned to use it for next. Even if he wins more, no one has the right to argue about what is best for him especially about how he spends. When we are not responsible for the risks he takes, then what is the importance of us telling him how best to spend them (unless he asks for advice).

[Mr.suevie]

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 won't call it greed because,for some gamblers this particular type of game is actually normal, even the staked amount and example of such gamblers would be drake the musician, he can attain such wins and still decide to gamble or the money on another ticket or game to actually win more which for him is actually normal because he has the funds already but for other gamblers it will be a different matter.

[passwordnow]

Me too.
If I am the one who already has that amount, I won't have any doubts about myself and I'll take the money so that it is not going to be taken away from me. But if you feel that money is going to be sufficient as your new bankroll, try to take out what you have started with. It's best when you get to secure your money back. So we want to say that don't be greedy and don't take risk anymore and just be happy, go home with the money and take it. Well, we don't have the same mindsets because someone might just go for the push and gamble for more with that if he thinks that he can win some more.

And that's the reason why we see gamblers regret because of the decision that should have been made that they need to get out and have that money, removing the risk and the greediness by withdrawing but they do the opposite.

[Bananington]

...

Some people are patient to see their bets out to the end, while some people are not, do what you are comfortable with, you do not need to follow what others do. If you are comfortable with cashing out what you have won, you do so, but if you have it in you to wait, then wait. It is not always greed, sometimes it is believe!

[wheelz1200]

Crazy risk and gamble.  But yeah I see those crazy parlay slips that are like 13 or 14 leg and down to 1 game.  It would be tough to not cash out and just cut your losses.  But I guess everyone has a price and everyone has a level of risk they are willing to take.  Guaranteed money is tough to turn down for me.

[Finestream]

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 will never win in gambling if you decide not to take risk. Of course, you should risk some amount but it doesn't mean that you risk all your hard-earned money, that is already being greedy. However, if the bettor here has a huge bank roll, then probably he only risk on his comfort zone, even if it means that's too much on our part.

To be honest, if you are a regular gambler, risk and greed are present one way or another. Meaning, you risk some huge amount because there is greed in you that's irresistible, and the only way to make it possible is by betting above your comfort zone at some point. But if you want to play safe, just gamble an amount that you can afford to lose, you still  have your greed but you know how to control it.

[Sandra_hakeem]

Bruuuhh!!! That's so lame to think of!! How could who ever is behind that ticket bet a single game with such a stake?? For real??.. uhmmm
even if I'm supposed to believe that to be true, what's the possibility of getting away with a win in the game?...  Side of view: I seriously see this to be propelled by greed ... nothing more. Maybe he feels it's just so easy to get away with a win in games between two strong teams like that.. especially when the odds between them teams are kinda identical.

Sandra 🧑‍🦰

[junder]

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.

There is a chance that the allure of gambling holds the mind like a vice, blocking out logical thought with the allure of winning. This idea of protection, or rather the lack of it, at the start does make you think.

what does it really mean to "run away" after a win? Is it a show of how strong you are or just a short-lived victory over your natural greed? Furthermore, it is clear that the casino is keeping this loop going because it wants to make money. It makes you think about who is responsible and the constant battle between doing the right thing and making money. Indeed, a very complicated fabric.

Yes it is possible and there is a point because the attraction of gambling is very extraordinary, as we know that the final result is usually always not in accordance with what is expected but strangely many people are getting more and more involved in gambling, maybe one of the causes in my opinion is the word "opportunity", they are too exaggerated in interpreting what is meant by opportunities in gambling, yes it is a chance to win, I understand that but I think they have also proven it themselves that the fact that always happens in the final session is defeat. And besides that, they do not pay attention to what they should understand when they are involved in gambling at the beginning, don't let you be careless by not preparing anything at all at the beginning, because it will be fatal if you are late and end up with regret.

No other than because it is better, if indeed they have managed to get a win then it is better to go and enjoy the victory, rather than you put greed with very high hopes for greater results, but not the final result is always unpredictable, right? Therefore it is better for you to take precautions by running away after winning, it is better than you play another greedy but eventually lose. Of course the casino will expect you to lose, it's their profit and their goal.

[danherbias07]

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.