Increasing the risk isn't always worth it because it's 50/50, that best way to gamble is always to stake low, you never can tell if you would actually make profit of lose. But here's the thing that people don't talk about often times, even though you staked low and it turns out that you still ended up winning, the bright side is that you didn't lose and you made profit. The reason why people regret why they didnt stake higher is just greed
A common disease among gamblers is that when they win a bet with a small risk, they regret why they did not bet more, and when they bet with a big risk, they feel disappoint. In such a situation, it is better to manage gambling by placing low risk bets. Because winning and losing in gambling are uncertain. If there is luck, then the gambler will be happy. One should not make one's gambling Unenjoyable by placing high risk bets. When gambling, greed will play negative role, which is why it is best to be able to gamble while keeping greed under control.
When some wins bet, they feel they are professionals and begin to act wise forgetting that it's all luck. Yea, I see all as luck. Because winning in gambling is not certain always. You could win, you could lose. For me, I prefer placing low risk bets since winning is not certain. With this, if I win, which I wish, I get so excited, but if I lose, I man up since it's not that high financial involvement. This helps me feel free in mind because I did not lose much funds.
Staking low is my thing. Because that helps me manage the risk of losing. The pain for losing will be different for a highly staked bet. Just like you said, I feel greed also plays some role. Taking greed out of placing a bet will go more good. This helps you to maintain balance while placing bets and also feel in charge even when you lose a bet.