Greed can be the downfall of even a seasoned horseplayer. It is the single most destructive aspect of wagering on horse races. Succumb to greed at the track and you will surely be severely punished. Many horseplayers learn, early on, that being greedy is counter productive, but many more go through life seeking the “big score” while never finding it.
I remember watching the excitement on the face of a former acquaintance when he hit a Pick 3 worth about $500. You would have thought he had hit the mother lode during the California gold rush in the mid-1800s. He was never the same after that. His focus shifted from that of a handicapper to that of a degenerate gambler almost immediately. He spent hours concocting Pick 3, Pick 4 and Pick 6 tickets. Occasionally, he would hit another winning combination, but the money he spent on tickets was usually more than the amount he received when he cashed out at the end of the day.
His losses never deterred him, though, even when his wife divorced him because she was tired of watching him self-destruct; tired of not having enough money to pay the rent and buy groceries. I am not sure what ultimately happened to this guy, but decades passed during which time I never saw him on my excursions to the track. Hopefully, he got some help, but more likely he wound up on skid row.
Betting on horse races is not something everyone is meant to do. If you are the type of person who cannot buy a soda at the local convenience store without also buying a few scratch-off tickets, perhaps you should refrain from visiting your local racing emporium too often. The balance in your bank account will thank you.