Bitcoin Forum

https://talkimg.com/images/2024/09/23/gf1pP.jpeg
The reason why it is important to gamble smart is because there's a difference between gambling and having the wisdom to make good decisions. Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.

It would be painful if you lost that bet. You used $0.3 to bet to win around $274. That is huge. I do not like to cash out but I will be tempted if I were you. But I may not also cashout. Sorry about the loss.

I can not blame you at all because that is how gambling is. Do not blame yourself that you did not cashout.

This is the reason why sometimes I like to reprint my bet slip after making my first bet. I replace the bet again, and sometimes I remove a few games.
 
Other times I can just use the cut one or cut two option so that whatever way the game ends up playing, I will still not be left empty-handed, but that pattern always reduces the potential winning amount, but in some series of selected matches it's worth it.

I never saw this as greed because there's this trust in the game; most times we might also make the wrong decision in cashing out and later regret it. In much-trusted games, I will always apply a strategy that I call an unpopular opinion. I gamble in different forms, like you replaying this game, and cash out one when the game is getting tougher and keep the other one going, and with this you wouldn't be able to lose all your money at once. 
 
Without greed, you will be able to get more than what you have gambled.

26 matches? why don't you cash it out immediately when you get the chance to make a withdrawal early? whereas many gamblers feel that greed will cause losses for ourselves even though we feel satisfied when you can win it but the risk of losing is also greater. Indeed, we must be able to bear all the risks, whether we lose or get it, but we must also be wise in making decisions so as not to continue to lose and try not to be greedy.

So you wanted to hit x817 on sports betting with 26 games... I don't see anything wise or smart here. You are gambling, or better to say you are playing the lottery. Only one game got you down this time, but be kind and tell us how many times you've missed half of 20+ games.

Eventually, you will win, but as I said it's a lottery... this is not wise & smart gambling. It's just gambling... wise & smart would be cashing out after you hit 23 games.

I always reprint my bet slip too. That's why I keep wondering what happened that I didn’t do so for this one. I would have definitely cash out one.

Although I don't like cashout, but 500 to 150K means 300x multipliers, that's huge in sports betting.

I usually only bet maximum of 10x multipliers, so if I were you, I would cashout since I can't take more risk.

But yeah, it's what it's, I guess when you brain and heart think to cashout your current winning, you should cashout it. Regardless the upcoming match ended like your prediction or false, at least you still enjoy your winning.

You would have cashed out the NGN 151,000 and used about NGN 30,000 to stake on the remaining live games. Any time I stake a small amount and get a significant cash out like this, that's what I usually do, mate. Sometimes too, I could stake on that game twice (that's two identical game on two different tickets) and the reason why I do that is because if there is a significant cash out offer, I will cash out the first one and leave the second one.

Sorry mate, you should have taken the advantage when you had it, but you didn't see the lose coming.

Don't be greedy, it's better to cashout than lose it all. :D
I wonder how many more matches are left to win this whole bet? The multiplier is already quite big while you bet a small amount, I guess I calculated 150K NGN that's about $80 more which is quite a decent amount of money for you.

I know some bettors don't like cashing out before the bet is over, you'll regret it if you don't take this opportunity.
I would still cashout instead of letting it go.

You mean, in gambling, you win some, you lose more. :D That's what I know.

Well, normally that is what we should do. Take a deep breath after losing such an amount and might as well control yourself from chasing losses while taking the rest. It's not like the gambling sites are running away from us, they will just be there ready to take our money if we want to.
With that fact, we can always tell ourselves to gamble again the next instead of continuing it all on the same day that we lose. That adds to the entertaining factor of gambling, we miss it a bit and then we are excited to bet again the next day.

Some gamblers will argue otherwise, but for me, I'm always of the opinion of going for a cashout where necessary. As long as there is profit from the amount that I initially used to place the bet, I will cash out.
 
Besides, anyone who places a bet for more than 6 games, which they can't follow up on, can't say it's for fun alone again, so they should just take the profit and minimise the risk of losing all.
 
That cashout should be around $91 if converted from my local currency to USD using the current exchange rate.

If I understand you correctly, you didn't cash out at this point and ended up losing everything?

I won't call that wise, I can say brave and bold decision but it's not smart, if you have cashed out at this point you still have made money instead of losing anything and you're not in control you got tempted from your previous experiences for the sake.

I won't mind cashing out and even if I won the game after cashing out, I still can claim that I made atleast some to call it a day.

Of a truth, no one loves to cash out more than I do. As I mentioned in my post, I recently cashed out on a game that won, which made me overlook this one, hoping the remaining two games left before they gave me the cash out would win. It was my previous experience that made me hold off on this one, but lesson learned.

Actually, the pot win is enough reason for us to understand why you didn't cash out at 23 games. It's not a mistake as most other people would say, gambling is always both sides, and we must choose an option. Moreover, the pain would have tripled assuming you withdrew and ended up winning the 26 games. But it will not be as bad as winning nothing.

I've never succeeded with more than 20 matches in one bet... This time you have the opportunity to cashout so do it, especially if you bet a small amount of less than $1 while a big opportunity is in front of you.

If you profit in front of your eyes... It will not take long for the cashout button to be pressed instead of letting wait for another uncertain match.

You may be free to do so... I don't think you should let this opportunity pass you by.

While that is true that we win some and lose some but if I am on that shoe, I'll chase the profit instead. It doesn't matter if I win that bet or not as long as I've got guaranteed profit and my capital is back, that's already fine for me. It depends on your goal and for sure that many will continue with that bet even if there's already a guaranteed profit that you can choose to cash out.

But maybe next time OP if you will be in the same situation again, you'll choose to cash out. I know that it is tempting to proceed with the potential winnings but you have to choose what is best for you. No problem if you continue and won't choose to cash out but if you're in need of money and you just want to take that home happily, control your emotion and withdraw.

Honestly thought it was wisdom cuz you wanted to stop but didn't and won lol. It's honestly not even sticking to your bets (or sticking to them), it's just being able to handle the things that happen afterward. Whether you win, lose, get pissed, get mad, regret, you should be able to handle that calmly and skillfully to the point where you won't get swayed to spend more.

Honestly the only real "wise" thing a gambler can do is to, well, not gamble at all. Outside of that, there's just that dumb bit to us that keep on playing even though we know we all lose out in the end but hey, it can simply just be the price for having fun.

Once again, I encounter the nonsense of multiple betting methods and the relationship between sports betting beside hitting a jackpot. When someone places a bet on more than two matches, the odds increases significantly and tempting you with huge returns from a small wager. Some bettors spend thousands of dollars and place hundreds of bets daily, hoping to catch a rare chance at a massive win, just to realize that what they have lost is way beyond what a maximum profit from multiple bets can be surprise you.

However, the harsh truth about multiple betting is that the odds of winning are extremely slight once you start applying mathematical analysis. As in your example, getting 26 correct bets without losing any is not just difficult, but it's nearly impossible. In my opinion, this isn’t about wisdom or anything else, it's simply a matter of pure luck and greed. Betting on multiple outcomes is similar to playing Plinko or any other game with high odds but very low probabilities of winning.

At least cashing in is better because you have learned from previous experiences so instead of waiting uncertainly it is better to take this opportunity.

Several times in situations like yours, I have allowed not to cashout but what happened the last match even lost and only regret happened at that time, then there is another opportunity like this then it is better to cashot than to let it.

Let people dislike and prefer to finish first but the chance is still in a 50% state, sometimes with the favored team can lose this can make us even more upset.

Wisdom is the ability to stop in time. But until you lose, you do not make such conclusions. Where is the wisdom here? However, if you do not waste energy and emotions on experiencing those steps that you think were wrong, you are also wise, since, unfortunately, nothing can be returned, but you must motivate yourself by the fact that you have acquired another experience that can help you next time.

It is understandable that some gamblers would really opt not to cash out because they have the target to win big. And we all know that hitting such multiplier is like punch in the air, most of the time. If I was in the OP's position, I might have cashed out especially if I was not very sure about the last bet. Because I already learned my lesson so many times - if I have the chance to get something from my bets, I will.
So don't get too greedy or else, you won't get any penny after seeing such good amount of money. You will end up with heartaches instead.

You should have added more parlays with different permutations and combinations to your remaining bets to ensure guaranteed profit.

I go along with smart gambling being vital in striking the fine line between relishing the game and refraining from getting engulfed by significant losses. On some occasions, calling it a day or not chasing after the losses is the smartest action though tough at that moment. It really testifies to the weight of controlling your emotions and not allowing such an appetite to overcome you, wanting to "win back" what you've lost.

Wins and losses are transient in gambling. However, with a little intelligence and some common sense, one can steer clear of the greed trap. Quitting is just quitting, one small part of being in control among many others. In the long run, discipline, and the capacity for rational thinking are more valuable than quick riches.

Not sometimes, but we definitely want maximum winnings from the bets we make. I can understand that feeling because I also experienced it. But when we are not sure about the last match, then I will not think twice to cash it out at that time, because I don't want to take risks and I don't want to regret it in the end. It doesn't mean we won't regret it when we cash it out, because if the last match is on our side, then we will regret it too.
All decisions are in our own hands, so make sure we are ready for the risk, cashing out or not, don't make us regret it because it is our own decision. Very often in a situation like this, and I am sure all gamblers who bet will always be in a situation like this.

There are some very crucial skills when we are going to gamble that we must have. At least, we really have and want to be wise and responsible. because, wise and responsible can influence the way of looking at things, mindset, targets, tactics, strategies, and also self-management that is much more appropriate.

and at least, it must be:

• Understand and Familiarize the rules of the game
• Prefer to real game statistics
• Gambling is for entertainment, so stop immediately once you're losing.
• affordable and realistic budget.

and more here we can take:
https://talkimg.com/images/2024/09/23/gyBwH.png
Source: Wise and Responsible Betting in Gambling (https://theenterpriseworld.com/wise-and-responsible-betting-in-gambling/)

being wise and responsible in gambling is not easy, especially with the various temptations about both. Therefore, it does require thorough preparation and also efforts so that we stay to be wise and responsible for any action and decision to take.

Indeed, the mind is a sentinel between the two regions of paradise of enjoyment and the gloom of night, a gambler who knows how to be diplomatic with this sentinel will expand the region of paradise and as the name suggests, here there are only the most pleasant emotions that we receive. But perhaps this dexterity is not established permanently, simply the intellect creates too strict points, the gambler always needs to look at the expression of the guard to make a choice, and a person who lives with ambition will like to cross this boundary and attack the dark zone to expand more interest, unfortunately this dark zone only exists the so-called despair

Some gamblers have argued that introduction of cash out is antithetical to having a good win or huge win on their game while some too have argued that the cash out system provides them a good leverage to decide to stay longer into the game or decide to cut off their winning potential where they are no longer comfortable with the game and ending up in total lose.

Truly in gambling you win or lose but with the cash out, it is now easier to record accumulated bit by bit wins whose profit can amount to bigger wins. So to watch half of your profit run away from you because you want to go all the way winning the total potential isn't quite rational. Therefore, the wisdom there would have been to cash out and use a good amount to then replay that last one game that later cut. This is the wisdom instead of trying to win all.

That must have been heartbreaking for you, the first time I encountered this, not being able to cash out when I should. I have a hard time sleeping and have had depression for days.

Its a hard pill to swallow.. The only consolation is you get to experience how one should not be to greedy for profit when it comes to gambling and if you are tempted to take a shot or take a risk for additional profit, you should be comfortable with the outcome.

I think common sense and control is what gamblers need, whenever they log in to gamble because you never know what situation you will face, Even though you are trying to have fun, there are some challenging moments.

Chasing losses is something that is common amongst amateur Gamblers, but then even the gamblers who are experienced at times are suffering this same fate but then how well we keep it in control and check makes the difference because that is what keeps a disciplined gambler from a regular gambler who's going to be an addict.

Anyways successfully Gamblers are not successful because they don't chase losses actually, sometimes it's just their ability to have all of their emotions in check and remain consistent with how they manage their funds and how they make their stakes but in your case you were very lucky and you cashed out because it was possible  the game wouldn't have been won as in gambling anything is possible at anytime and so we can not put all our hope on gambling all the time.

When we are already winning in our games, even if we have the opportunity to cash out, we are always greedy, we always want to win everything. I am sure something like this will have happened to most gambler before. Sometimes we are supposed to learn how to take the little that we have already made, but most people are always finding it difficult. What happened to you has happened to me multiple times. I do have the opportunity to cash out, but I will still be confident in my prediction and am going to leave it. I will want all matches to be played, which at the end, I do lose sometimes.

You played 26 games, that’s kind of much to me, you should expect something like this to happen, you should have just cashed out when you had the opportunity, if I will be honest with you, 26 games is just kind of much.

It's easy to tell you won't cashout but considering the fact that you might only lose that huge amount in the end, then it's safer to just cashout and avoid too much greedy because that will only cause us to lose more in the end.

Gambling will always be gambling. And the more you gamble, the bigger chances you'll end up losing more of your funds. That's based on experience.

Man... you read the answers (https://bitcointalk.org/index.php?topic=5510048.msg64561967#msg64561967)! I don't think, really you're burning money, if you're going to play something like that, you just wait for it to happen and that's it... above you got a very good answer to your situation and it's not the first post in this thread, but that's another story.

A few days ago I hit a 10x and they are generally a rarity in sports betting, let's say they do happen and even for 100x or more... I don't think you're learning the lesson as you say.

I won't call it greed in that case because you were right to have left the game instead of cashing out. Sometimes it is worth taking the risk and then luck will fall on your side as you win the game. In some cases, you may choose to cash out because you need the available money. To some persons the cash out available is not what they are chasing after that is why they wouldn't cash out. While to others it's a good amount of money to them. Judging from the amount that was used to bet on the game the cash-out value was good in my own opinion. However, you dont have to regret it at all. Some days things will go as planned.

Wisdom in gambling is necessary needed because you will know how to act based on the situation you get. If you think that is the right time to leave gambling meaning take the profit without think to win more, you will do that. Greediness will not posses you once you know when you must stop gambling.

We should take the profit before that chance is gone and left us with a regret. We can not turn the times back so we will have that chance, no we can't do that. So that is why when we think that we already win and profit from the games, we must get out from the games before everything is change.

With getting more and more experience in gambling should make us become wiser than before. We can act based on the situation and will not rush in gambling.

If you had won big, I am sure you wouldn't have created this thread. Most people who are criticising you for not cashing out would have celebrated your courage. I think you made a choice but it didn't go as you predicted. I don't believe that there is greed in gambling; all I see is risk-taking. If a gambler decides not to cash out because he wants to win big, that's not greed; it's simply taking a risk. Most big winners in gambling are high-risk takers. My advice is that next time, if you have the urge to cash out, do that without hesitation to avoid regrets.

500 naira to cash out 150k and you're reluctant? Nah, I don't want to call it greed but I wouldn't agree that it's the best of decision you've made, bro. If I'm in your shoes, I would cash out ASAP without thinking otherwise. I know that based on past experiences and the game that's left to be played, thier are a lot in instances when you don't cash out and you get lucky to enjoy the dividend of your patience but such should only be when the amount you're given to cash out from is quite a small amount that's relatively lesser than what you stand to gain if you allow the game run to completion. This is gambling and you don't do it allowing emotions to come into play for any reason. Potential win is not win regardless of the team that's left on the list.  Even if man city is playing against  a team that's at the bottom on the relegation zone, first cash out and then let what's not yours go. Even though you can't win all your games and your emotion can't be trusted at that occasion, the smartest decision I would normally take will be to cash out first.

Some people will call you greedy for leaving the game to run and not cash it out but the truth is, if you become so used to cashing out your bets, you will hardly win big money because you will always look at the cash out option. The cash out option is good but developing the discipline to allow the game play completely may be the best option on the long run.  This is because it is always good to trust one's analysis or any style of gambling after carefully making the selection.

This type of decision that OP made, in my opinion, was not a good decision because in sports betting we always need to take into account that even if we see a game in which the favorite has odds of @1.10, this favorite can still lose the game. And when we have a multibet bet of 26 games, the chances of getting all the games right are very difficult, it becomes similar to a lottery ticket. So if the person manages to get at least 10 games right, it is better that the person should cash out and be content with the profit they made and not look at the results of the remaining games anymore. Because later the person will start to regret if the 26 games are actually right. In my case, I always choose to make multibet bets with only 4 to 7 games at most. to reduce the risk of losing and even then I lose a lot.

Kudos for the effort! I wouldn't have stomach to keep on watching to the end. Even though in the last game, probability to win is very high. But that's only because probability calculations reset for each seperate game, only as whole, before any games have been played, changes to win are extremely low.

As some context, throwing a coin once, you have 50/50 change to choose correctly, but choosing right 25 times in a row, you have changes of 1 : 33554432 to succeed, before there has been any coin tosses, and in the last throw, it's 50/50 change again. So i completely understand why someone would see that last game and wouldn't quit.

Since I do a good amount of gambling a good bit of my friends realize this and will sometimes ask me for guidance, but I can't count how many of them just made ridiculous bets or didn't set things up properly, which of course ended up costing them plenty

As for things like card games, you've got to have knowledge for most off them, study by reading books or by YouTubing watching.  Of course if you do so, make sure the people that you're listening to are TRULY experts.

This is a nice way to gamble with lees stress. The money that you staked is quite small and you winning bigger with little fund is massive and this is the kind of approach many of us that are gamblers need to embrace. Gambling should be more of less risk and bigger rewards just like in trading, taking a smaller risk to earn bigger amount. It is not always the wise for us to use bigger amount to stake a game with a low turnout compared to the amount of money we have staked. Gambling should be constructive and smart without taking too much risk. If we really want to make bigger amount of money as gamblers, we need to learn how to use small capital to earn big.

Gambling wisely is very important. What separates gambling for fun from gambling wisely is the ability to make the right decisions, especially when things go wrong. It takes experience and self-control to not get carried away by emotions and chase losses. Every game has the possibility of winning or losing, and one needs to have the knowledge to know when to stop, rather than getting greedy. After all, wise choices are far more valuable than chasing wins without limits

.

Yes, many people jump into gambling without understanding and end up losing big. In card games, for example, knowledge plus strategy are essential. Books and videos by professional experts can be insightful. However, as you said, make sure to learn from people who actually have experience and expertise in the field. Without a solid foundation, gambling will be just speculation without direction.

I know right! Especially in sports betting. You apply knowledge and analysis to be able to understand the odd and minimize the risks of losing. That alone, you are already using your wisdom. But hey, that's not the only time you are using it, because after you win, you will need to decide on whether you carry on or cash the money out. Though sometimes, wisdom may not be enough. As far as I know, those who have patience are the most successful ones when gambling. 

as long as you don't chase losses I guess it's good enough, not every gambler can stop themselves from chasing losses.

regarding your bet, I would have cashed out that, the fact that you were able to win more than 20 games on that bet slip is impressive enough since the chance of that happening is extremely low. I wonder how many times have you been able to win more than 20 games on a 26 game parlay.

Every gambler will definitely experience frustration, especially when the loss is beyond expectations, we are very light to say, "gambling with money you can afford to lose" but still when the money is lost we will feel very upset, this is where it is important to apply discipline in gambling, not chasing losses

It should really be something like this on which on the moment or time that you do play gambling or making up some bets then you shouldnt really be chasing up loses on the time or moment
that you do deal up with it. Yes, you do win some or lose some and thats the reality of it and this is something on where you should really be that accepting, because on the time or moment
that you do find yourself having being that too delusional or into the moment that you do find yourself that being too impulsive on things, then you will really be finding this thing to be an issue later on or a problem on which it will really be that hard to be resolved. Play gambling according into your leisure and entertainment seek on and not for seeking money because this will really be that making
you desperate on the time or moment that you do find yourself such problem.

As real fellow bettor or sport bettor that you are, here is something I want you to know today. If you have stake your money on any game and your plan was to bet and win those games, stick to it and let it play out. If it goes as you expected, fine and if doesn't, there is nothing absolutely you can do about it, just improve on the next one bet because you can't control what happen in the games sometimes, nobody expects Trosard to be do that foolish mistake that result into red card yesterday.

However, you can mitigate this kind of mistakes, any time you bet on games like this, don't cash out when you see opportunity to do so because you never can tell if it will still go as you initially bet but you can do some damage control before the beginning of the playing. Always bet the same games again with the same amount and give it an option to flex 1,2,3 and so on depending on how you think the ticket might cut, so that even though one team fumbled later, you can still win instead of making hard decisions of chasing out or not and you will be fine.

Well, this rule applies not only to players, but in general to all people who also feel disappointed when something does not go according to the planned plan. But what players must have is the ability to stop and soberly analyze the reason for their loss, otherwise the loss will be even greater.

Though I won't blame you, as it's a normal thing for us gamblers to want to take bigger risk and hold some bets open for longer time. It's tempting though but for me something as huge as that I would have just cashed out. Though you have learnt a lesson from this experience that gambling is just by applying proper wisdom. One doesn't have to always be greedy when it comes to taking your wins. One good win can cover up all your losses for a very long future time. So it's better to always apply proper wisdom when it comes to gambling..

I don't know how much odd you bet that amount for but I can say it's not a small odd of 10 matches and from that amount, the currency looks much like the bet was settled in Naira and you have made almost 38x of your money stake, you should have been reasonable enough to half of the money if you are not sure of the games outcome, there should be something up there telling you to take the cashout but you gamble it and loss everything.

If you have take the half of the cashout and leave the rest, it's going to be a 50-50 win even though the rest of the potential payout will be reduce. It doesn't reduce the fact that you have already cashout more than what you have risk in the game and in the event no longer go as you expected the games, you will be happy for taking out that portion of cashout. Perhaps you should try it next time you see the opportunity, don't hesitate.