Consequences of greed

[Kelward]

I can not call it greed if he is able to afford to lose the money that he used to stake the bet. If his friend have not won, he may not even think of the bet at all. But he might not like the situation as his friend won but he did not win. He will not like the situation not because his friend won, but because he lost and he gave his friend what to select to bet with.

I won't call it greed either because gambling is based mainly on luck and the guy with his friend that won didn't know that the ticket will win. If the additional game that the guy added had won, his win could have been greater than his friend's own and we would've been praising him for being very brave not greedy. Gambling is risky and the more you're increasing your chances of winning more the riskier it gets, the guy's friend won that huge amount because of the high amount of matches on the ticket. It'll no doubt be painful to him for not winning because he added another match but if he gambled with the amount that he can afford to loose then he should move on. He has to console himself because if the game had played accordingly he'd be smiling so better luck to him next time

[Mr. Magkaisa]

       -     Greediness never really does anything good, so it really shouldn't be allowed to enter our personalities as gamblers. It's just that most of the crypto gambling communities can't avoid it. If it's me, I've experienced it once too, but I managed to stop myself.

So as long as we can control and discipline ourselves, let's do it and be responsible gamblers most of the time. Let's not let our emotions be implemented incorrectly, or else we will be controlled by them, which will eventually end up in defeat for sure.

[TheUltraElite]

That's how you fall into the trap of spending every last bit of your money; it's just $20, you say, and keep on gambling. You never actually realize that if you multiply these $20s multiple times per month, you have a healthy amount of money that you could have saved but instead prefer to gamble them away even though they are the last bit of cash you have available. I've seen it in person in more than one instance.

Indeed the case with many gamblers, they think the amount is small and it would not matter but the accumulated losses over years of gambling can show the cumulative loss. Also gamblers will never be content with the initial amount spent, they will often cross the bankroll limits and move into risky territory making the entire process of bankroll management useless.

Gambling who are keep on quitting should start charting their losses, it will motivate them to quit rapidly.

[Ultegra134]

Indeed the case with many gamblers, they think the amount is small and it would not matter but the accumulated losses over years of gambling can show the cumulative loss. Also gamblers will never be content with the initial amount spent, they will often cross the bankroll limits and move into risky territory making the entire process of bankroll management useless.

Gambling who are keep on quitting should start charting their losses, it will motivate them to quit rapidly.

That's right, hardly ever do such gamblers keep track of how much they're betting and how much they're spending in total. Unfortunately, it's a quite common occurrence, especially for those just starting out. I was never in the position of having such minor amounts of money; I've happened to have $10–$20 on my account after a loss streak and decided to gamble them away, but not them being my last cash for the week or month. I've had acquaintances gamble away their last money until their next paycheck.

[Rampagoe004]

I can not call it greed if he is able to afford to lose the money that he used to stake the bet. If his friend have not won, he may not even think of the bet at all. But he might not like the situation as his friend won but he did not win. He will not like the situation not because his friend won, but because he lost and he gave his friend what to select to bet with.

I think it is important to manage emotions and finances because in gambling you can win and lose. Of course it is not fun to see your friend win and you lose at that time. But what you have to know is if you lose today then you will win another day. So is what happened to your friend. I also can't call it greed. But I think it is arrogance and envy because he saw his friend get the advantage. In the end you will choose to gamble to show that you also win. I don't think I can call it having fun.

[Fivestar4everMVP]

I can not call it greed if he is able to afford to lose the money that he used to stake the bet. If his friend have not won, he may not even think of the bet at all. But he might not like the situation as his friend won but he did not win. He will not like the situation not because his friend won, but because he lost and he gave his friend what to select to bet with.

I think it is important to manage emotions and finances because in gambling you can win and lose. Of course it is not fun to see your friend win and you lose at that time. But what you have to know is if you lose today then you will win another day. So is what happened to your friend. I also can't call it greed. But I think it is arrogance and envy because he saw his friend get the advantage. In the end you will choose to gamble to show that you also win. I don't think I can call it having fun.

What exactly is Envy? And what exactly is Greed? I know that this two are not the same, but they sure both work hand in hand.
Greed in a simple explanation or definition I would say is a lack of contentment, that is, a feeling that what you have is not enough and you need or deserve more.

While Envy on the other hand is also known as jealousy, which is a person not being happy for what another has achieved, he or she wished it was him or her who achieved that, and you can feel some level of greed in there, and thus is why I said greed and envy work hand in hand.

So, in the nutshell, be rest assured that where ever you find envy, you definitely will find greed as well, if two friend play gambling, and one win while the other lost, and the one who lost is not happy for his friend who won, that ought not to be and shows that that friend is a bad person, and should be avoided.

[EarnOnVictor]

-snip-
What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend. So have you given anyone a booking code and he won then you lose?

Greed is bad but what transpires between these guys can't be entirely condemned, what if the risk won? That means more money and the other friend who won the N15m would have been hurt if it worked for his friend and a lot of questions and regret would have been running through his mind as to why he didn't take more risk as the friend risked it. That's human beings for you.

Again, the person who can win as much as N15m is not without a high risk as well, the only difference is that he was lucky that his limited risk compared to that of his friend worked for him this time but the other friend was merely unfortunate. To avoid a situation like this, I often advise people to limit the number of permutations/accumulation they do while betting on sports as anything painful can happen, particularly if it is only a bad prediction that spoils the high number of won games.

The most effective way to do this is to distribute the betting on 3-5 tickets depending on the number of games to bet. For instance, if you want to bet on 15 matches, you might do that on 4 tickets where you may bet 3 matches on the 1st ticket, 5-7 matches on the 2nd ticket, 9-12 matches on the 3rd ticket and whole 15 matches on the 4th ticket. If you are a good bettor, it's possible you win at least 2 of the tickets and it would have recovered your wagered amount for you in most cases instead of lumping it on a single ticket which is riskier.

[Dewi Aries]

I can not call it greed if he is able to afford to lose the money that he used to stake the bet. If his friend have not won, he may not even think of the bet at all. But he might not like the situation as his friend won but he did not win. He will not like the situation not because his friend won, but because he lost and he gave his friend what to select to bet with.

I think it is important to manage emotions and finances because in gambling you can win and lose. Of course it is not fun to see your friend win and you lose at that time. But what you have to know is if you lose today then you will win another day. So is what happened to your friend. I also can't call it greed. But I think it is arrogance and envy because he saw his friend get the advantage. In the end you will choose to gamble to show that you also win. I don't think I can call it having fun.

Of course, financial management is something that must be owned by a gambler and applied in their approach to gambling, none other than because no matter what and no matter when gambling will always be a risky activity where when you are unable to put management and limits on finances then in the end it is certain for you to lose 90% of the money you have.
Another thing related to emotions, yes, it should be able to be controlled, but I would say that there must be something that must be corrected first if you really don't want to experience any emotions at all, which is an understanding and awareness of risky gambling in the sense of realizing that losing is a very natural result in gambling.

So there are two things, namely financial management and also self-acceptance regarding risk, where both of these things lead to risk management to minimize the possibility of losing large amounts of money and also to minimize the occurrence of significant emotions.
In the case mentioned by the OP, I think it seems that the actions taken by the person were not only based on greed but the inability to accept the fact that his friend won while he lost, so maybe as you said that it was a jealous nature.

[bangjoe]

I can not call it greed if he is able to afford to lose the money that he used to stake the bet. If his friend have not won, he may not even think of the bet at all. But he might not like the situation as his friend won but he did not win. He will not like the situation not because his friend won, but because he lost and he gave his friend what to select to bet with.

I think it is important to manage emotions and finances because in gambling you can win and lose. Of course it is not fun to see your friend win and you lose at that time. But what you have to know is if you lose today then you will win another day. So is what happened to your friend. I also can't call it greed. But I think it is arrogance and envy because he saw his friend get the advantage. In the end you will choose to gamble to show that you also win. I don't think I can call it having fun.

Emotional control is the main thing and it is difficult to control because if you have poor emotional control it usually becomes very chaotic in any case.
We can be jealous, losing and winning is a common thing in a game, we cannot increase it, and maybe luck does not favor the same person on the same day, one must understand that so that he does not have more sadness because of his defeat and his friend's victory.

But it does come with a bit of greed and overconfidence.

[pawanjain]

Something happened earlier yesterday in my area and I would like to share it here so we can discuss about it to see if something similar to this has happened to anyone here.
Earlier yesterday a dude won 15 million naira on sport bet from a betting shop closer to my area.
How it happened was that the dudes friend gave him a betting code on sport games and the potential winning amount is 15 million naira and the dude played it according without removing or adding any other games.
But what surprised me was that the guy that predicted the game would have played the game exactly how he predicted it but he added some more games and he lost his while his friend won his own (to increase the potential winning amount).
What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend. So have you given anyone a booking code and he won then you lose?

Greed has always been an enemy in gambling. Many people have lost almost entire savings in gambling due to their greed.
People should acknowledge the fact that gambling, most of the times if not almost is designed for people to lose money.
We should be able to control our greed and only then we will be able to play gambling for entertainment and not for money.

[Fivestar4everMVP]

Something happened earlier yesterday in my area and I would like to share it here so we can discuss about it to see if something similar to this has happened to anyone here.
Earlier yesterday a dude won 15 million naira on sport bet from a betting shop closer to my area.
How it happened was that the dudes friend gave him a betting code on sport games and the potential winning amount is 15 million naira and the dude played it according without removing or adding any other games.
But what surprised me was that the guy that predicted the game would have played the game exactly how he predicted it but he added some more games and he lost his while his friend won his own (to increase the potential winning amount).
What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend. So have you given anyone a booking code and he won then you lose?

Greed has always been an enemy in gambling. Many people have lost almost entire savings in gambling due to their greed.
People should acknowledge the fact that gambling, most of the times if not almost is designed for people to lose money.
We should be able to control our greed and only then we will be able to play gambling for entertainment and not for money.

With how the minds of the people that live in the world today is programmed, it has become a very common practise that anything or activity that involves the possibility of one making money, such activity can easily be abuse, I used the word "abuse" here because gambling is generally abused this days if we were to go by the real purpose of gambling, and this we all should know that it's a recreational form of entertainment, but gamblers of today have completely forgotten about the entertainment side of gambling, every one is out here to make money, and I do not want to say that this is unfortunate because at the end of the day, there are still a very few lucky ones who have made money from gambling, and this have changed their life completely, so for this group of persons, gambling is a savior, life saver or anything good we can think of.

We've gone past when people gamble for entertainment alone, every body wants to make some money, what we should be preaching now is, people should learn to only stake what they can afford to lose, for not adhereing to this rule is usually the beginning of almost all gambling problems.

[Cryptoprincess101]

What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend.  

This is not greed from my own point of view because I have seen people that are given booking codes to place a bet but when they get to the gambling office and the games are being displayed on the screen with the options that are being selected what they do is to go through the selection to see if there is any game they feel will go in contrary from the selected options so i feel they just want to be smart but end up becoming foolish because since gambling is about luck, a bet you have a contrary opinion about can even be the one that will end up winning instead of the one that is being done with a lot of scrutiny. This is just to say that being too smart in gambling can lead to losses because you will always be going in contrary with your initial predictions and that of others, sometimes even if you don't agree about an option given to a particular event by you or another gambler, just place the bet like that and see the end results instead of wanting to be smart that you can predict better and end up missing your luck and opportunity.

[I_Anime]

       -     Greediness never really does anything good, so it really shouldn't be allowed to enter our personalities as gamblers. It's just that most of the crypto gambling communities can't avoid it. If it's me, I've experienced it once too, but I managed to stop myself.

So as long as we can control and discipline ourselves, let's do it and be responsible gamblers most of the time. Let's not let our emotions be implemented incorrectly, or else we will be controlled by them, which will eventually end up in defeat for sure.

You know greed is among our emotions and you know we humans are emotional being . So we can just stop the greedy urge but we can actually control that urge like knowing when to stop , and always keep to our budget . Because we all have budget of the amount money  we can spend but most time most folks usually go beyond that balance due to and stuff, especially when they are losing , that`s when they usually chase after losses .  And endup losing more than they have already.

[Lanatsa]

Something happened earlier yesterday in my area and I would like to share it here so we can discuss about it to see if something similar to this has happened to anyone here.
Earlier yesterday a dude won 15 million naira on sport bet from a betting shop closer to my area.
How it happened was that the dudes friend gave him a betting code on sport games and the potential winning amount is 15 million naira and the dude played it according without removing or adding any other games.
But what surprised me was that the guy that predicted the game would have played the game exactly how he predicted it but he added some more games and he lost his while his friend won his own (to increase the potential winning amount).
What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend. So have you given anyone a booking code and he won then you lose?

Greed has always been an enemy in gambling. Many people have lost almost entire savings in gambling due to their greed.
People should acknowledge the fact that gambling, most of the times if not almost is designed for people to lose money.
We should be able to control our greed and only then we will be able to play gambling for entertainment and not for money.

Not only just on gambling but also in other things as well on which it is really just that involving money then on the time that you would really be finding yourself having that kind of
thinking and impressions or simply being greedy then you would really be that too desperate on trying out to acquire money as much as you could. Therefore, if you are really that playing
gambling and you do make yourself that being too greedy then expect that you would really be ending up on committing tons of mistakes and errors specially into the actions that you are making which does
really involves money and this is something that will really be that a huge challenge for you specially on trying out to control it. If you would really be having that kind of discipline and
moderation then it wont really be that much of an issue.

When playing gambling then you should really be that be at least having that kind of idea on what are the things that you've been doing. Making up some decisions which is obviously
that could really be worsen up the situation then it would really be that advantageous if you are really that wary on what are those probable things to happen.
Its never been that advisable on having such thing but if this one turns out that you have already set those limits and tolerance then it will really be having no
issues or places at all.

[ndutndut]

So have you given anyone a booking code and he won then you lose?

This often happens to me. I also sometimes feel annoyed, After giving input or predictions to friends about which team to choose for betting but I myself do not win. For example, in soccer betting, I predict 8 matches and I place all bets because if I win the payout will definitely be big, but my friend sorts the choices I give into only 7 matches. After all the matches are finished he wins, I don't.

That's right. Greed is a disease in gambling, especially greed to win big even though by predicting only a few teams we can win the bet. However, if there is a greedy attitude, it will actually make our bets that should have been won disappear.

[rachael9385]

       -     Greediness never really does anything good, so it really shouldn't be allowed to enter our personalities as gamblers. It's just that most of the crypto gambling communities can't avoid it. If it's me, I've experienced it once too, but I managed to stop myself.

So as long as we can control and discipline ourselves, let's do it and be responsible gamblers most of the time. Let's not let our emotions be implemented incorrectly, or else we will be controlled by them, which will eventually end up in defeat for sure.

You know greed is among our emotions and you know we humans are emotional being . So we can just stop the greedy urge but we can actually control that urge like knowing when to stop , and always keep to our budget . Because we all have budget of the amount money  we can spend but most time most folks usually go beyond that balance due to and stuff, especially when they are losing , that`s when they usually chase after losses .  And endup losing more than they have already.

Everyone has greed in them but many know how to control their urge of greed so that they won't become a victim in future. As gamblers we are letting greed to be a part of us makes it hard for us to win because when emotions is involved greed will be the next thing, it's either we decide to chase losses or increase our stakes. However I think if we won't to get rid of more losses, we better stop gambling when we have any loss, although we might have some luck to win back the money but that's how greed starts, the moment we continue to think of winning back what we lost we should think what if we don't.

[nara1892]

When someone makes such radical decisions , the game is very dangerous, dangerous in the sense that they can lose a lot of money and risk their entire capital. I wouldn't do it , At one time when I was a novice, I did, but at this point I don't do Something like that, because I evaluate all the consequences. For me, the biggest consequence of letting yourself be carried away by greed and losing everything is that the person will begin a direct path to Addiction.

Such a person does not think long but only follows his desire to continue to want to gamble, I also experienced when I was a beginner in gambling but in the end we learned how gambling must be managed as well as possible so as not to overdo it which requires all capital in gambling.

If all the capital for gambling then believe me he bankruptcy will come quickly, when he is bankrupt he will regret being a poor person who has no money anymore, well then we should not take radical action in gambling if this is considered fun then it is impossible for all capital to be spent in gambling games.

There is a big possibility that they are gamblers who are not really aware of the high impact that gambling can cause when they cannot control all their actions at all, or when they treat gambling blindly, which in most cases is often caused by a gambler who is too enthusiastic in responding to the opportunity to win so that all they want is to keep gambling.
I think maybe most of us have experienced the same scenario when we were beginners, we can't lie that getting free money with just a little effort is a very pleasant situation, but actually if you are a little careless then it can be a trap that will lead you to an impulsive approach in the end.

Regret will always come at the end and is something that someone will definitely feel, so that means even though it may now be difficult for us to give advice to addicted gamblers, maybe in the end regret will slap them.

[Accardo]

Everyone has greed in them but many know how to control their urge of greed so that they won't become a victim in future. As gamblers we are letting greed to be a part of us makes it hard for us to win because when emotions is involved greed will be the next thing, it's either we decide to chase losses or increase our stakes. However I think if we won't to get rid of more losses, we better stop gambling when we have any loss, although we might have some luck to win back the money but that's how greed starts, the moment we continue to think of winning back what we lost we should think what if we don't.

The thoughts of other player's wins stimulates greed. Wondering about other players' rewards takes away good decisions off a gambler's mind. And increases his greediness. Gamblers need to be themselves, always. It's failure, competing with ourselves to win like somebody else.

[Jody.Drummer]

Everyone has greed in them but many know how to control their urge of greed so that they won't become a victim in future. As gamblers we are letting greed to be a part of us makes it hard for us to win because when emotions is involved greed will be the next thing, it's either we decide to chase losses or increase our stakes. However I think if we won't to get rid of more losses, we better stop gambling when we have any loss, although we might have some luck to win back the money but that's how greed starts, the moment we continue to think of winning back what we lost we should think what if we don't.

even though we gamble without any feelings of emotion or greed, victory is still difficult to obtain, especially if gambling is done with a sense of greed or emotion which of course only makes things worse in the future. the actions that will be taken tend to only be done spontaneously, there will be no considerations made until the greatest possibility is that a big risk will occur, on the other hand, even though there is luck that can provide victory, it is not certain either.

when experiencing a loss from gambling that has been done, the thing that must be done is to stop and that is what must be done because there is a possibility that emotions will arise if you continue to gamble with predictable results that will happen is defeat, of course it will make our emotions provoked. this is what must be avoided, because when we do not take the wrong steps, there will be no emotions or greed that arise, many people experience stress or frustration just because they follow their greed.

[Lida93]

.
What I want to say is that it's greed that made the predictor of the game to lose his chance of winning 15 million naira instead of winning along side his friend. So have you given anyone a booking code and he won then you lose?

May not actually be an act of greed as you may be considering it to be. Don't forget that every gambler has their targets in mind whenever making predictions to bet on sports games, and moreover nobody had known if the first predictions amounting to 15milliin was going to play. What am thinking here is that the dude tried to increase his chances peradventure the games played we wouldn't be calling it as an act of greed like you're saying now but it would have been a different story altogether.

Since his friend won the 15 million by staking in the games without altering it, he can still share a portion to the predictor of the games with double as his friend. It's a win-win case and there's nothing anyone can do about it since gambling is a world of uncertainty  we just keep trying out ways to make profit and it's either you lose or win while trying.