What is the difference between greediness and risk,
In this concept which has to do with gambling, one could be said to be "greedy" if he has a certain amount of money and yet not satisfied with the little or huge which he has, i.e always wanting to have that which belongs to others, and one can also be said to take "risk" when he/she tends to gamble all he has with the sole aim of doubling it, which he could either lose or gain
Greediness and risk both are almost the same, because we wager looking for an outcome. If the outcome is same as our prediction we'll be the winner, if not we lose. Whether it is greediness or risk, we need to have luck to win against the house.
Greediness is worse than risk because the greed keeps you going even if you win as the human nature is so that it always wants more and more.While with risk you say I have this 100 dollars and I am going to risk it all on gambling and if you win (well greed keeps you going) but if you lose than you stop as you took a risk which didn't generate the results you were expecting.
That is a minor difference between these two but these can be the same for example when by risking we are winning which as I said leads to greed.
Since posts are written in this topic about the historical aspects of gambling, I think it is worth noting that modern generations of players, those who know how to have a fairly high standard of living, greed is not so relevant. And there are big differences between modern players and, for example, players in the Middle Ages. It seems to me that 4-5 centuries ago, greed was generally in the first place among the players. And all of them did not enjoy the game, as many now, but simply wanted to snatch more money. Also because a person in the Middle Ages was not at all smart, believed in all sorts of miracles and played only with a primitive thought,
to earn more. What do you think - am I right?