Greediness kills opportunity to win!

[rachael9385]

Sometimes, not overcoming our greed can lead us into more trouble and not just losing out alone but the chance to become an addicted gambler if you tend towards greed inside you as a gambler because whatever makes you chase winning and eventually losing along the line, something applies to chasing the loses also both of them will eventually put you in a tith condition that you could have avoided eventually.

So as a gambler, always measuring our reach and making sure that we don't overstep our boundaries is what sustains us throughout becoming a stable gambler.

A lot of gamblers get too overambitious and that's a problem, a friend of mine said he planned to get a thousand dollars from 10 dollars through a daily rollover and my response to him wasn't as positive as he expected it to be. To cut the long story short he managed to flip his capital to a hundred dollars, my advice at that point was for him not to get greedy, I told him to take out 90 dollars and start all over but he had other plans. It turned out that he ended up losing everything. Sometimes bad luck isn't the problem it's greed.

[mak013]

Sometimes, not overcoming our greed can lead us into more trouble and not just losing out alone but the chance to become an addicted gambler if you tend towards greed inside you as a gambler because whatever makes you chase winning and eventually losing along the line, something applies to chasing the loses also both of them will eventually put you in a tith condition that you could have avoided eventually.

So as a gambler, always measuring our reach and making sure that we don't overstep our boundaries is what sustains us throughout becoming a stable gambler.

A lot of gamblers get too overambitious and that's a problem, a friend of mine said he planned to get a thousand dollars from 10 dollars through a daily rollover and my response to him wasn't as positive as he expected it to be. To cut the long story short he managed to flip his capital to a hundred dollars, my advice at that point was for him not to get greedy, I told him to take out 90 dollars and start all over but he had other plans. It turned out that he ended up losing everything. Sometimes bad luck isn't the problem it's greed.

I think it is not greediness but just game without strategy. The goal to make x100 is not a goal, but a dream. I can suppose, that when he got $100, he decided, that he will continue winning. But he had to think about safety. He could decrease bet size - anyway it could be more than on the start. He could withdraw part of money.
I can`t call such behavior greediness - as for me it is just stupidity.

[swogerino]

Sometimes, not overcoming our greed can lead us into more trouble and not just losing out alone but the chance to become an addicted gambler if you tend towards greed inside you as a gambler because whatever makes you chase winning and eventually losing along the line, something applies to chasing the loses also both of them will eventually put you in a tith condition that you could have avoided eventually.

So as a gambler, always measuring our reach and making sure that we don't overstep our boundaries is what sustains us throughout becoming a stable gambler.

A lot of gamblers get too overambitious and that's a problem, a friend of mine said he planned to get a thousand dollars from 10 dollars through a daily rollover and my response to him wasn't as positive as he expected it to be. To cut the long story short he managed to flip his capital to a hundred dollars, my advice at that point was for him not to get greedy, I told him to take out 90 dollars and start all over but he had other plans. It turned out that he ended up losing everything. Sometimes bad luck isn't the problem it's greed.

I think it is not greediness but just game without strategy. The goal to make x100 is not a goal, but a dream. I can suppose, that when he got $100, he decided, that he will continue winning. But he had to think about safety. He could decrease bet size - anyway it could be more than on the start. He could withdraw part of money.
I can`t call such behavior greediness - as for me it is just stupidity.

It is never a good idea to decrease bet size hoping that you can win by doing so, I have tried different games with 0.10 dollars bet and a balance starting of 250-300 dollars and over some hours all the games have shown that I had lost more than half of a balance and in some cases even more. Dreams are what keeps us alive, some call them goals and objectives and some dreams, usually gamblers have dreams and not clear objectives as that what makes gamblers, people who dream, I don't know any person who has a goal or objective and is a gambler, so I would not blame him for trying to get more and more, after all we are playing to hit that max win multiplier or huge jackpot that in some places is a life changing event.

[Su-asa]

Getting a profit is already a good trend, after that the first thing you should think about is cashing out the winnings, especially if the winnings are hundreds of dollars. I think that most gamblers play much smaller, their bets are only a few dollars, and they can only dream of winning hundreds of dollars, so if they got such a profit, they would probably think about cashing out such a win.

Considering that winning in gambling depends on luck, in other words, it is rare to win, so when you have managed to win, the best option is to cash it in, but the desire to win big is always there and this is where self-control is needed. When greed takes over us, we may lose the winnings we have earned, which should be a lesson not to repeat the same thing.

You are right. Everyone that's gambling always want the winning and I'm not exempted also. However there are times when you observe that you are on a losing streak, you shouldn't chase your losses cause it will attract more losses to you. But like you have said earlier, that the desire of many gamblers is winning and not the fun and that's why it's kinda difficult for many to win.

[BITCOIN4X]

~Snip

A lot of gamblers get too overambitious and that's a problem, a friend of mine said he planned to get a thousand dollars from 10 dollars through a daily rollover and my response to him wasn't as positive as he expected it to be. To cut the long story short he managed to flip his capital to a hundred dollars, my advice at that point was for him not to get greedy, I told him to take out 90 dollars and start all over but he had other plans. It turned out that he ended up losing everything. Sometimes bad luck isn't the problem it's greed.

It's really an unpleasant story to hear, especially if it was experienced by your own friend. Sometimes being greedy and overconfident can make a person lucky, but that opportunity doesn't always come. There are times when we need to withdraw money and leave 10% in the account, but there are times for all this when there is a good opportunity. Gambling is a game with a high risk of losing money, so I hope someone who realizes that can really be responsible.

In gambling, sometimes other people's suggestions or advice can influence decisions, but sometimes they don't. In your friend's case, he seemed confident to continue his gambling journey and wanted to multiply his profits, but unfortunately he had to accept defeat. At least, protect 50% of your winnings as a reserve so you can have more options when you lose.

[Lanatsa]

Getting a profit is already a good trend, after that the first thing you should think about is cashing out the winnings, especially if the winnings are hundreds of dollars. I think that most gamblers play much smaller, their bets are only a few dollars, and they can only dream of winning hundreds of dollars, so if they got such a profit, they would probably think about cashing out such a win.

Considering that winning in gambling depends on luck, in other words, it is rare to win, so when you have managed to win, the best option is to cash it in, but the desire to win big is always there and this is where self-control is needed. When greed takes over us, we may lose the winnings we have earned, which should be a lesson not to repeat the same thing.

You are right. Everyone that's gambling always want the winning and I'm not exempted also. However there are times when you observe that you are on a losing streak, you shouldn't chase your losses cause it will attract more losses to you. But like you have said earlier, that the desire of many gamblers is winning and not the fun and that's why it's kinda difficult for many to win.

There are those gamblers who do really that play for the sake of fun but most of the time on which that fun or leisure seeking turned out to be that completely different at the moment that you've become that already changing up that mentality on which you've been that hoping that you should be that winning up and trying to chase up that kind of profit making when doing gambling. When greed kicks in then it will be that so hard to control no matter what the things that you would gonna do. You will definitely be that thinking off that you should be that playing on continous so that you do able to hit up some good winnings until you do have that funds that is left into your pocket. There are those moments or times that you cant be able to stop yourself just because of having this kind of approach. Never ever tend to end have those kind of assumptions because once that things becomes that triggered out then finances would be at risks.

Its always that important that you do really know into the things that you've been dealing into and on the risks that lies ahead. You can play gambling without any issues but thats if you do have that good self control and discipline on which this is where most gamblers do really failed on doing so. There are those moments or time that you will be ending up on having no control when it comes into your greed or emotion on which it causes up for you to have that kind of impulsive approach on which it do ended up on disaster if you dont really not that minding about the potential problems that lies ahead.

[KTChampions]

We all have daily profit targets when gambling. Say you're playing normally with realistic bets, aiming for $200 that day. You actually hit your goal... but then greed kicks in. Instead of walking away, you keep playing and end up losing everything. Sound familiar? How many times has this happened to you? And more importantly - did you finally learn your lesson?

I don't see anything wrong with greed. Taking into account that if we don’t confuse greed and addiction. It's a question of priorities - let's say you only need a small win to finish your gaming session. But if you reach it and finish it, then the path to a big win is closed for you, right? If you want to win big someday, you can call it greed, but it is quite logical that you should try to do it and not stop at the beginning of the path.

[Hispo]

We all have daily profit targets when gambling. Say you're playing normally with realistic bets, aiming for $200 that day. You actually hit your goal... but then greed kicks in. Instead of walking away, you keep playing and end up losing everything. Sound familiar? How many times has this happened to you? And more importantly - did you finally learn your lesson?

I don't see anything wrong with greed.

The inherent problem with greed is how it can be the beginning for any gambler, who initially started in the right path, to lose their focus and start to gamble for the wrong reasons, you know. There is a good reason both addiction and greed are frown upon in most of cultures and religions around the world, because it can lead to evil.
You are right when you say greed is not addiction, but greed as turn into addiction and addiction leads to despair.

Ironically, in the end, gamblers how started their sessions on casinos winning money, eventually lost it all because either greed or addiction. So I think there is something bad with greed itself and the nature of the greedy human being.

[madnessteat]

I believe that greed causes more problems than it helps us in gambling. After all, it is because of greed that we chase losses and it is greed that contributes to our addiction. Therefore, I try to control greed by limiting the deposit for gambling and trying to take away any winnings. Unfortunately it does not always work out, because to fight greed you need a lot of work on yourself and internal discipline. And this is not easy to do.

[MaxMueller]

In case you believe greed is bad and discipline for limiting greed is good. How would a smart money management in gambling look like? Might be easier to talk about when its detailed and comprehensible.

[Sim_card]

I believe that greed causes more problems than it helps us in gambling. After all, it is because of greed that we chase losses and it is greed that contributes to our addiction. Therefore, I try to control greed by limiting the deposit for gambling and trying to take away any winnings. Unfortunately it does not always work out, because to fight greed you need a lot of work on yourself and internal discipline. And this is not easy to do.

Greed is part of human nature and that's why the world is passing through what we are facing today. I want it all to myself and you aren't contented with the little one in your possession. If you bring in this kind of habit to gambling, you will ruin your finance and finally get frustrated due to addiction, because there is no way that you can win the casinos in the long run.

[pawanjain]

We all have daily profit targets when gambling. Say you're playing normally with realistic bets, aiming for $200 that day. You actually hit your goal... but then greed kicks in. Instead of walking away, you keep playing and end up losing everything. Sound familiar? How many times has this happened to you? And more importantly - did you finally learn your lesson?

Yes ofcourse we all have been there and felt the same thing upon loasing what we had already won.
The truth is that despite feeling the harsh pain of losing the won money, the greed still comes back after a certain period of time.
Only if we have a strong self control and the mindset to take our profits and close for the day, then we can sustain those profits.

[iv4n]

We all have daily profit targets when gambling. Say you're playing normally with realistic bets, aiming for $200 that day. You actually hit your goal... but then greed kicks in. Instead of walking away, you keep playing and end up losing everything. Sound familiar? How many times has this happened to you? And more importantly - did you finally learn your lesson?

I don't have profit targets. Having profit targets for gambling is a bit silly in my opinion. It's gambling, we never know what will happen next... that's why it's gambling, it's on us to try it and wait for the results.

Too much greedines will kill our profits, in most cases. That's why we need to learn to stop, it's a hard lesson to learn and even harder to apply in moments when we are on fire.

Yes it sounds familiar, too familiar. So many times it's impossible to count... So yes, I learned many lessons, but still I fail to apply that in some crucial moments, so I still slip here & there. But I always say, when you make a deposit you have to be aware that there are real chances of losing everything. Gamble responsibly, just with money you can afford to lose.

 

[Fivestar4everMVP]

I believe that greed causes more problems than it helps us in gambling. After all, it is because of greed that we chase losses and it is greed that contributes to our addiction. Therefore, I try to control greed by limiting the deposit for gambling and trying to take away any winnings. Unfortunately it does not always work out, because to fight greed you need a lot of work on yourself and internal discipline. And this is not easy to do.

Sorry but I don't completely agree with you, greed is not the reason people chase after their loses, this is absolutely not true, it is completely normal for a person to try to recover what he or she has lost, this doesn't happen in gambling alone but also in the outside world, even in trading, traders try to recover money they lost in past trades and it's absolutely normal.

What greed means is that after winning, maybe big or small amount, instead of taking a rest, you are eager for more and that desire to win more keep you gambling when you ought to have stopped, any this often times will lead the gambler into losing that which he had won and many when the capital at the end of the day.
Chasing after your loses in gambling is not advisable but it's also does not mean you are being greedy, greed means having something and still not being satisfied, you want more, that's lack of contentment.

[bakasabo]

I believe that greed causes more problems than it helps us in gambling. After all, it is because of greed that we chase losses and it is greed that contributes to our addiction. Therefore, I try to control greed by limiting the deposit for gambling and trying to take away any winnings. Unfortunately it does not always work out, because to fight greed you need a lot of work on yourself and internal discipline. And this is not easy to do.

Can you please give an example when greed helps, because I cant find any example of help in gambling. Limiting the deposit - do you really do that because you are greedy and want to achieve more with less? Or because you are smart in managing finances.

The only example when greed helps (and even then it isnt a direct help or about greed) that came to my mind is free food sampling in stores. Instead of spending own money, a person can try decrease hunger with free food.

[traderethereum]

We all have daily profit targets when gambling. Say you're playing normally with realistic bets, aiming for $200 that day. You actually hit your goal... but then greed kicks in. Instead of walking away, you keep playing and end up losing everything. Sound familiar? How many times has this happened to you? And more importantly - did you finally learn your lesson?

Yes ofcourse we all have been there and felt the same thing upon loasing what we had already won.
The truth is that despite feeling the harsh pain of losing the won money, the greed still comes back after a certain period of time.
Only if we have a strong self control and the mindset to take our profits and close for the day, then we can sustain those profits.

We should know that greed will get our money easily plus with our win money. If we have a daily target when gambling, we must quit gambling immediately when the target reach so we don't have to face the greed that become big.

Many gamblers has that experienced, me is one of them

But from our experienced, we know that we must stop gambling before the situation change. We learned from that so we don't chase more if we already win.

We will stop gambling and not take too long. We don't want to see the loss so we can hold ourselves from the will to keep gambling.

[Fredomago]

We all have daily profit targets when gambling. Say you're playing normally with realistic bets, aiming for $200 that day. You actually hit your goal... but then greed kicks in. Instead of walking away, you keep playing and end up losing everything. Sound familiar? How many times has this happened to you? And more importantly - did you finally learn your lesson?

Yes ofcourse we all have been there and felt the same thing upon loasing what we had already won.
The truth is that despite feeling the harsh pain of losing the won money, the greed still comes back after a certain period of time.
Only if we have a strong self control and the mindset to take our profits and close for the day, then we can sustain those profits.

Practice and good discipline will gives good outcome, yeah you said it right greediness will always at the back of your minds, only those who have a good self-control will able to managed and not to let it dominates in terms of decision making, if you keep practicing and you put that discipline inside you, then you'll be able to manifest a good results especially when taking your profits and not to fall with pushing and aiming for more if you already got some decent amount to cashout.

[Cryptmuster]

I think it is not greediness but just game without strategy. The goal to make x100 is not a goal, but a dream. I can suppose, that when he got $100, he decided, that he will continue winning. But he had to think about safety. He could decrease bet size - anyway it could be more than on the start. He could withdraw part of money.
I can`t call such behavior greediness - as for me it is just stupidity.

It also matters what bet the player makes on x100, if it is a bet of $1, then there is not much point in it, because you can wait a very long time for a win with x100, and in the end you get only $100, and this amount will not be able to change your life in any way, for this the bet must be much larger, but I doubt that there are many players who will risk big money in order to make a bet with odds of 100, and this will need to be done more than once until you win, so this is unlikely.

[madnessteat]

I believe that greed causes more problems than it helps us in gambling. After all, it is because of greed that we chase losses and it is greed that contributes to our addiction. Therefore, I try to control greed by limiting the deposit for gambling and trying to take away any winnings. Unfortunately it does not always work out, because to fight greed you need a lot of work on yourself and internal discipline. And this is not easy to do.

Can you please give an example when greed helps, because I cant find any example of help in gambling. Limiting the deposit - do you really do that because you are greedy and want to achieve more with less? Or because you are smart in managing finances.

The only example when greed helps (and even then it isnt a direct help or about greed) that came to my mind is free food sampling in stores. Instead of spending own money, a person can try decrease hunger with free food.

Above someone said that if we control our greed, we deprive ourselves of possible winnings and emotions. Greed provokes us to take more risks and consequently can lead to more winnings. For example, I try to finish a gambling session increasing my bankroll even by 20-30%. Maybe that's why I have not won big wins for a long time, which were noticeably more when I did not limit myself in gambling. On the one hand I began to lose less, but on the other hand it does not bring those bright emotions. In my opinion, everything needs a measure and in restrictions too.

[mak013]

I think it is not greediness but just game without strategy. The goal to make x100 is not a goal, but a dream. I can suppose, that when he got $100, he decided, that he will continue winning. But he had to think about safety. He could decrease bet size - anyway it could be more than on the start. He could withdraw part of money.
I can`t call such behavior greediness - as for me it is just stupidity.

It is never a good idea to decrease bet size hoping that you can win by doing so, I have tried different games with 0.10 dollars bet and a balance starting of 250-300 dollars and over some hours all the games have shown that I had lost more than half of a balance and in some cases even more. Dreams are what keeps us alive, some call them goals and objectives and some dreams, usually gamblers have dreams and not clear objectives as that what makes gamblers, people who dream, I don't know any person who has a goal or objective and is a gambler, so I would not blame him for trying to get more and more, after all we are playing to hit that max win multiplier or huge jackpot that in some places is a life changing event.

May be it depends on gambler and games he plays. I`m mostly in sport betting and prefer slow but stable moving forward. Increased bankroll -> withdraw some money -> increased bet size. Repeat next week. If week was unsuccessful - decrease bet size.
May be in random games it works in another way. I play it only to relax with minimal bet.