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Don’t we all know that greed leads to losses in gambling? That greed kicks in when we don’t set a target making us keep playing even when we’re already up, until our luck runs out and we end up losing. Can’t we see that? Maybe that’s the reason we don’t win because we don’t know when to stop.

I’m sure the regular gamblers here have experienced this before -- that moment when you say to yourself, "I should’ve just stopped… I could’ve walked away with my profits."

Who can relate?

Have felt this in the past, from winning to finally losing money is not left in the casino account.

The problem is that there are still many gamblers who believe that when they win they want to continue playing because they feel that luck is still there - because there is a sense of curiosity to end up playing and not realizing that the winnings have been used up again due to defeat.

It should always set limits to win, whether you want to win/lose, there must still be limits, don't trust the instinct that says luck is there again because you never know.

It doesn't take too long for lucks to run out when gambling, one second you keep racking in money and another second everything start to decrease right in front of your face.

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It's not because of greed is why people don't win, greed isn't generally that bad or evil, you just have to apply it right, but not in gambling for sure, knowing when to stop keeps you in control.

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When you win some money, it's the best time to stop gambling.

Also when you lose all your money it is the best time to leave as well.

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Don't even think about anything, just quit instantly and wait for another day, acceptance that gambling is based on luck is what many people don't want to accept, and they knew about luck already but some people feels special or different, thinking they are some kind of gambling guru.

Everyone is gambling so that they can win, and that's why when they're on the winning streak, they forget that, their bet can turn in the opposite direction the next minute. This is why whatever profit that you have seen, you should stop the game and walk away, otherwise, you will lose it all, and regret it.

What I do is that, I set a time limit for my gambling activities and I also have a gambling budget. Whenever, I am gambling and my time limit is exhausted, I quit the game no matter if I'm losing or in profits. If you don't set limits for yourself, your might end up losing all your bankroll in a session.

I had this moments earlier, I deposited initially lost, and so I make a second deposit and then I was able to recover, and on the 3rd spin, I was playing roulette by the way, I won and so I have some winnings already.

But I didn't stop until I lost again, good thing that I was able to control not to deposit again.

I don't know why I didn't stop when I have my goal reached already win I already won some. And the last thing I remember is that I could have still won more but unfortunately I didn't, maybe it was greed that really took over my mind.

I have my limit for my loss and profit but I’m still frequently losing because of the losing streak that usually consume my bankroll.

Gambling is about hitting first winning streak or  losing streak that will decide the outcome of your game. Losing has higher chance to come first because of the house edge and that’s the common reason why we don’t win frequently.

The greediness on the other hand is other cause on why some gamblers can’t win but most of the time the losing streak is what makes gamblers lose.

I can relate.
The one thing I feel that gamblers don't know how to do is,  knowing when to stop.
The one thing that gamblers must learn how to do is, Knowing when to stop.

To stop is to take your profit and walk away to bet again another time.
To stop is to accept your losses and walk away to bet again another time.

I think it depends on what kind of gambler you are. If you are someone who deposits for example $1000 and goes full mode, then if you are fortunate that day, you should really set winning limit because if you win $5000 with $1000, then it's a good win and it's not necessary to win more, just take the money and go at home but if you are my type of gambler who deposits for example $50 and doesn't care whether wins or loses, then it's not necessary to set winning limits.
I deposit a few dollars and gamble till I lose my money because I want to have fun from gambling and financial benefit is secondary to me. Btw if I win a jackpot, of course I'll stop gambling and immediately withdraw it.

You really need to learn from your experience, otherwise, you’ll waste the chance to win. The problem is, you don’t know when to stop. Typical gambler mentality, I guess. That’s why we must instill discipline; it’s the only way to keep greed in check. Of course, who doesn’t want to win? But we can’t beat the casino by playing for hours, unless the game’s outcome depends on skill, which usually it doesn’t.

This is such a common experience for gamblers. Whether we win or lose, that emotional high sticks with us, making it hard to walk away. Greed is just human nature, but when you lose control, it’s a different story. You’re no longer following a winning strategy; instead, you’re chasing the thrill until you’ve burned through all your money. In the end, all that effort is wasted, and you’re left with nothing. It might be okay if you at least enjoyed the ride, but losing? That never feels good.

This has happened to me several times before when I was very addicted to betting. I can start the day good and probably have won severally that day but later I will start to lose, lose all my profits and start losing my money and end up losing all the money. But this was over after I quit the addiction few years ago. If I win now, I stopped gambling. Also if I lose, I stopped gambling. Both has really helped me.

Ehhhh can be because some people set a really significant amount as a cap. E.g. a million you can say. Technically still abides by the rule, but haven't really achieved yet. Honestly that's where my mind went to first when I read the title but a bit more dumb in logic since I expected the context to be stopping only because you've reached your goal and I was like, "bruv I can't even reach double my money, let alone money I can use to retire for myself".

Personally don't set such a thing, just max cap on losses instead. I'm more than down actually to lose all my money as long as I own up to actually spending it on gambling (and that I do spend it on gambling). Gotta agree on the not winning part though but hey as I said, different goals. To profit is just the bare minimum in some peoples mindsets (which it is tbf).

Most definitely we probably all do know the impact of greed in gambling but the zeal to not allow it interfere with our gambling emotions if one of our greatest challenge. sometimes we may have set targets but then when we win and loose we seem to panic and then we may try to double up or try to get more because we usually want more because we may be thinking that we now so good and want to try more attempts at it only will expose you to even more dangers of loosing and you never can tell because gambling is basically about luck and so its one in which we are not going to completely put all our hopes on at once.

I have an experience with all of this and so i have a good idea into all of this and how they work at times. sometimes you may actually want to walk away with your profits but then you think that you can still make another profit with another attempt only to loose by the next attempt and then gradually begin to get hooked when you are unable to win because you wan to recover that which you have lost.

Personally, I wouldn’t say I’m addicted to gambling, but losing focus is easy when you’re not a professional. We aren’t trained to handle our emotions, and since winning is so rare, we often make poor decisions in the heat of the moment. But if this keeps happening, it’s a clear sign of addiction, and that never ends well.

I can relate, definitely. We are greedy, and we convince ourselves that going on with the game is the best decision even after winning some good money. We rationalise saying things like: "I came here to play", "I started with nothing so I'm losing nothing if I don't win" and things like that.

The problem is that, even if you keep winning, there must be a moment when you decide to stop, or the game itself will stop you with consecutive losses, eventually. And when this happens, we say "I should've just stopped...".

It is very important for a gambler to be able to stop in time so as not to succumb to the temptation that fate is kind to him and he can try to win even more money. Alas, greed can play tricks on a person. Therefore, we should be happy with the winnings that are already in our hands, if the amount won is close to what we would like to win, say, this evening. A bird in the hand is worth two in a bush.

The reason is always easy, because the amount of victory will not always be determined. You may be able to double it from the amount you deposit, but it will still require discipline for you to always meet your target.
You mean well, but we know, the limit of victory allows us to be forced to stop. But the limit of victory is only our discipline, that will determine whether to continue the game or stop. Everyone has a different satisfaction in playing.

Btw, I use both because every time I win big and if I keep betting, my balance will usually decrease drastically. I don't know why but my assumption from the amount deposited when maxwin means there is no more chance for you to win at the same time. Therefore I am aware of having a win limit. 100% feels reasonable and interesting capital + 50%, the rest I try to bet elsewhere.

This is where most gamblers go wrong. Being greedy. I am sure a lot of us are setting our loss limit but we have never thought about the winning limit. I do have one when it comes to slots. Whenever I reach x300 og f my default bet then I withdraw it. If it goes higher than that, then I am happy to withdraw more.

Let's say I am betting for $0.1 each roll in slots. If I hit a multiplier of 300 which is $30 then I gone for good. Maybe play again tomorrow or the next day after that. I think ita important to have this kind of habit to cut losses.

Yes, I have experienced that before so I don't make any target in gambling but will stop gambling immediately. It is enough my losses in the past and I don't want to experience the same. Gambling can give you the win and also the loss so it is up to you how will you treat gambling. If you realize that gambling is just an activity you can do to fill your free time, you should not playing gambling too long and only use the money you can afford.

When you win, you can say stop to yourself and not chasing more winning. You can think that there is no guarantee for you to win more so it is better you stop gambling before your winning is gone.

Because we use logic?

What is the point of limiting losses? It is so that you don't lose your savings, your house, your all!
What is the point of limiting winning? None!


Gambler's fallacy
Just because you had a long streak of losses, it doesn't mean you will start winning.
Just because you had a long streak of winning it doesn't mean you will start losing.

Because we're expected to lose, not to win?

That's just the gambler's mindset, we're really just in it for the thrill, and losing is just part of the game. That's why discipline is key and you have to set limits. As they say, only gamble what you can afford to lose.

When it comes to winning, sometimes we just want to push our luck. The problem is, we often push too far... and that's when luck turns against us.

I don’t know if this mindset is generalized but I don’t have this kind of mindset. I’m always looking forward that I will win that’s why I keep playing or else why do we need to punish ourselves on gambling if our expectations is always losing before we even place a bet.

Having a mindset of expecting to lose and playing the game with house edge that gives us higher chance losing is different.

Gambling is about beating the odds and enjoy the fun of thrill on risk.

That's something a lot of gamblers can relate to, that moment where you start regretting why you didn't just withdraw your profits...I have come to figure out that having those regretful thoughts also makes it hard to move on from losses..if you chased more wins and ended up losing in the process all you have to do is to accept the consequences of your actions and just move on, reminiscing about it isn't going to change anything it would just make you more tempted to chase your losses.

For a lot of gamblers, sadly, that is the case, they can't win because they don't know when to stop, and then they end up chasing their losses until their initial fund is depleted. But a lot of gamblers also know when to stop when they are winning.

I've experienced it, it is a stupid and frustrating action to make that you'll only realise when you have already lost.

Ahh, that's our gambling is never satisfied with the actual results, $ 10 wishes $ 100 and so on, human nature in general.
Everyone is aware, winning gambling at the bet will lose, it all we understand, but that is human.

It is the same as those in someone advised, don't go there, even though they know there is a great danger, maybe the Javanese can be threatened, but at the urge of their lust their feet still stepped.

Gambling is like a suggestion that takes people to the high memorable realm and takes them to high financial levels, that is the world of gambling, for now there is no posts that can handle the case.

Of course, each of us blames ourselves for our greed at some point. Sometimes it seems that we would be more successful if we stopped at the win and finished the game. But since we understand that there is free money, what we consider a win, and there is an opportunity to increase it, we repeat the game until we lose everything. Maybe we are not upset about the losses, since we played with free money; nevertheless, there is an understanding that everything could have been much better. It is difficult for me to say whether I can determine for myself the minimum after which I need to stop, since sometimes the game can end very quickly, and the pleasure from the game has not yet been received. But there must be some red flag or signal screaming that if we continue, everything will turn into a minus.

They all do know that. But sometimes, they always feel like they could possibly change things around -- like, the usual craziness.
I can, although that hasn't happened to me personally. Having a daily experience at a casino mall must have been another level of awareness on my own part. Since you can't hide your reality from the cashiers that help place each wager request, I normally had no choice (especially in very devastating cases) but to call them off -- like.. "This is your final round. Anymore rounds after this will count as invalid and will not be attended to" . I know how well that has helped most old-time gamblers with Credulous desire.

Please who are the people that are gambling with free money? I do not gamble with free money except sometimes that I receive bonus from the gambling site. I only receive bonus after I have lost very well. Also the bonus may not favour but be in a way that I will probably lose the bonus while gambling with it.

I never had limits on my winnings because my luck sometimes does that for me and if I do put a limit then it might encourage me to chase it all the time.

Instead of limiting my wins, I try other ways to limit myself like cutting my sessions abruptly for example or downsize my bets even further.

It doesn't hurt to try new solutions, but still there's no need to do things differently unless you think you're winning too much and afraid of getting limited by the casino/sportsbook.

OMG! I never thought about this part.
The simple answer is, there is always a point where we cannot entertain losing again which is why we do set loss limit, as for winning no one can say he do gets tired of winning when gambling.

Mind you, the reason why they don't set winning limit is not because of greed it is because they want to take more risk to see if they can win more.

We set loss limits because pain is immediate. Reward is abstract, so we set no winning limit. Losing (or almost losing) triggers that gut punch far faster than a win provides

Chasing wins endlessly instead of banking them? Yeah, that's not just you being dumb, it's expected dumbness. Something about prospect theory, there is science underlying why our brains behave that way. Once we're ahead, we change our "gains" in mind to be future ammo. It becomes house money. So, we keep going even though we know we should, because our brain doesn't recognise contentment as a signal to stop. Having a positive balance does not cause the dopamine curve to flatten

I think we can all relate to the "I should have stopped" feeling. We still walk back in, though, remembering that moment. Why? Since we find the loop addictive. Setting a win limit goes beyond mere tactics. We have to ask ourselves if we can live without needing more at this moment

I would prefer to say "winning target" than "winning limit", because if we limit our win then the logic is that we should not win more than the limit we set.
In general, it will be something against the purpose of gamblers who want to make money from gambling.
While if we use winning target, we will have a minimum winning amount to be reach but if we win more than the target, it is an additional bonus.
However I understand the main point of your topic, most gamblers are greedy (we cant deny about this fact) so once they win something, most of the time they will try to get more.
About losing limit, I myself have no losing limit as anytime I started my gambling session with a deposit, that's the amount I'm ready to lose so I do not need a losing limit.

This happens often, lespecially when you are not contempted with what you have gained and it happens as a result of ( a.k.a Mr. greed).
If you have to cut down your loses by setting stop limits same thing you should do with catching profits. When you have set all these set ups in place,  it will help decrease your loses and increase your profitability. Some people gamble with the hope of hitting jackpot so they don't like walking away when they're profitable, and they keeping gambling as if the whole thing is going end that day.

I gave you an alternative for using another feature to set up some winning.

In Stake you have a limits with Waggering. If you already winnning a lot, just a set up waggering maybe into 1 cent and for the interval is up to you 1 day or 30 days. Then, boom just bet 1 cent and you can't bet anythings for the next.

So, you use waggering limits to control your winning limits.

I actually set winning limits when I play slots, I'm more comfortable to play slots with high RTP rates which give the "lowest" highest multipliers compared to slots with low RTP rates.

In sports, I didn't set winning limits, but I'm not taking big risk. Usually I bet on single match where the odds are above @2.00 and lower than @6.00, if I bet parlay, the odds won't exceed more than @10.00.

That’s the actual definition of greed my friend. You winning potential on casino has no boundaries which means you will never hit a stop if you don’t have a winning limit.

The only time you will stop is when you bust your bankroll. Wanting to win more is not bad if your current profit is still not that big enough. The greed part comes when you already win big from a lucky bet that result to high multiplier but you still continue to play because you expect to win more with same huge amount.

It’s easy to lose if you are already on the winning zone then suddenly it shift to losing streak while you keep increasing your bet due to greed.

The word stop is a hard one to apply and maybe the limit is not only when someone is losing because when we are winning it is also hard for us to do. What makes people have difficulty setting limits? From my experience because we don't know how to handle gambling responsibly so the motivation when involved in gambling is only about chasing the win.

After experiencing much worse conditions I began to realize that gambling should be handled differently and maybe the budget limit is not much bigger than the percentage of other needs that we will spend on gambling so that when the money is gone we can stop.

Yeah some days are like that when we have been lucky to win but due to greeds of chasing more wins we ends up loosing everything.

Although it could be regrettable sometimes but at lost it is accepted likely since non could agree that there is a winning limit and in the other way, it could be tolerated since we already have it at the back of our minds of betting with an affordable amount.

But being sincere, this is call of concern which has really been of gamblers negligence because if we can also set a winning limit, it could as well curtail to a good management so save us from more looses maybe if we have been able to win some bits.

I can relate OP. Most times, it is difficult to stop when you are winning a game because at that moment, you feel your luck is at its peak so what you will be thinking is quite very far and different from the normal reasoning when you initially started the game and for that reason, you will continue playing till the lose streak begins and same thing happens with you still thinking of chasing your losses and that is how it happens that you see people winning and winning and all of a sudden they begin loss games and more without clear straight thought.

Whenever we win in gambling, there is a sudden rush of adrenaline instantly curing that 5 to 10 seconds of anxiety in knowing the results. If we see that our bet won, then that anxiety is absolutely extinguished and converted to a sense of relief and addiction. This feeling is what most people feel whenever they bet and won in their gambling activities. Additionally, people get excited whenever they conquer anxiety- they tend to repeat this process over and over again.

Unfortunately whenever we are high in spirits, it is significantly difficult to stop. Chasing the feeling of joy and happiness are endless; and this what makes gambling addictive as a whole.

For that simple reason, this is why we recommend that we always set limits to losses than winnings. It feels ecstatic whenever you won; but it feels like the end of the world with every loss.

The regretful thoughts always Hits after they have made sone careless decisions that would have been controlled easily if they had taken a different approach. Greed is the main things that can wreck a gambler, it makes you constantly chase profits and this would lead to losses st the end of the day. If you can't deal with your emotions as a gambler is better you don't even gamble in the first place. First thing you must learn is how to set limits for yourself and also knowing when to stop

Thats a good question in the OP. I reckon most users here are in that situation already. We always got that big win and instead we keep playing instead of stopping. Thats precisely what happened on most profits. Instead we take home something we end up losing more cause if we win we never stop.

Theres a habit to limit losses when we play but if we win we couldnt go home sooner. Kek.

The reason some of them never stop gambling is because they have lost a lot of money to gambling, that any day they see as their lucky day, they usually just want to milk it out, and make as much money as they can. The bad thing is nobody knows when luck stops or runs out, so they never know when to stop until they have lost and then end up in regrets. It will really take a disciplined and content person to win and then be satisfied without wanting to try again, to others, it will be like the person does not like money without actually understanding that not gambling again shows you like your money.

I make it a habit of withdrawing a good part of my winnings, especially when it is of a good amount; if i simply leave my winnings in the casino, i would run it out still gambling. So what i do is i take out some of it, and leave the smaller portion to continue gambling, i feel good doing this because it gives me the mental satisfaction that i have won something, if you win and lose it all again, you'd not feel so good.

I can relate due to past experiences and I’ve used that to develop myself and now I no longer wait for my account to get to a very huge amount before calming it a quit - the moment I feel that I have won something nice whether big or small I’m ending that session and I’ll come back when I fell like gambling again (not that same day though).

Some gamblers - tend to have this “if I just gamble a little bit more I’ll be able to win a bigger amount than I already have” and this has led so many gambler to lose their entire bankroll both their initial deposit and then amount they were suppose to go with.

I think we now have the same habit: Always withdraw when winning especially in large amounts, it is more appropriate to secure the asset so that it does not run out due to greed because it continues to play, if it has been withdrawn partly then we will still be happy because we have secured it.
Then with the little remaining in the account to bet again by trying to bet whether it will win or lose then we don't care about the results, because some of the big winnings have been secured.

A greedy gambler cannot make significant progress in gambling, you would always want to chase more wins even after making a lot of Profit. If you can control yourself enough to know when to stop when you are winning or losing then half of your problems in gambling has been solved. A lot of gamblers still deal with this and this is the major problem they have with gambling. Greed is human nature and it must be tamed otherwise it's going to cause problems for you.

When we are winning then we do just that basically not that wanting to have that bad momentum on which our mind would be telling us that we should be playing even more to have that kind of advantage or having that more winnings on which this will be the primary thing that comes up into your mind. Never ever make yourself having that kind of thinking because it will be just that ruining up the situation because if you do win up then it would be temporal and if you arent that wise on taking up profits then regrets will be that in the end and this is something that you must avoid.

Regrets do always happen in the end and make it sure that once you do able to have that grasps about on the real essence of gambling then you wont be trying out to seek for profits but rather you do rather see it to make yourself that enjoy but somehow securing winnings too will be that worth or viable rather than on losing it back again into the casino on which this is always the case.
Enjoy the game and if you do won some amounts then secure it out and call it a day.

a gambler needs to control their emotions and understand their limits and say 'enough' to the winnings they get.. because many gamblers have lost all their winnings because they did not set limits and were satisfied with the winnings they got. they kept playing and thought that luck could be on their side again if they played a few spins until they were satisfied, but unfortunately it was not as they expected and finally they lost all the money they had. setting limits and knowing when to stop is important, or you will lose all your money.

Exactly, the reason is clear bro, if we win, we don't want to stop and want to get more winning or jackpots. That's why there is no winning limit. We always want to get more profit, no matter if we lose again or not after that. Greed is the reason why not many gamblers applying winning limits. Stop loss is also not applicable for those who are emotional. gamblers like this will be failed to learn from mistake and decide to stop when win or cut the loss before loss more money.

Yeah agree to that, and if ever that there are some who can managed to quit away while they are still in green that percentage is really small compared to those who continue to push forward thinking that they can win more, that kind of mindset when a gambler thinks that luck is never ending and if they will continue they will win more.

Only to realize that at the end of the day all those earnings already consume back together with their initial deposit, it's always best to have both limitation when you reached either one of it, just quit and take a break there's always another time to play.

You're right, we do have experienced that feeling of regret after losing everything even after being profitable initially, only because we thought maybe we can win some more, and with that thought, we continue. Still, as soon as we realize that we've already lost a portion of our profits, we think that we should at least recover that and then we will stop, but that never happens. We keep going and going until we realize that we've already lost it all, not only profits but also the money we initially had as our deposited bankroll.

However, that's what irresponsible gamblers do. If we have experienced it, it means we've all been irresponsible gamblers because a responsible gambler, even if they don't have a winning limit decided, will stop immediately after getting some profits, or, even if they don't stop immediately after getting some profits, they will stop as soon as they realize they are already losing their profits.

If you are using the martingale strategy, you will find it even more difficult to stop as you will want to see the game through to the end. ;D
Thinking about it is funny, the gambler will be having the existential crisis in their head on whether to stop or finish up the strategy.  As for me even though I know losses cannot be avoided the moment I am experiencing a loss, my mind will go off from the game.

But the moment I am winning, my mind is not actually off from the game but I will immediately begin to think about the withdrawal and what to reward myself with from the winnings of the game.

::)
I think as there's greed in human nature, every gamblers will find it difficult for them to set a winning limit by knowing when to stop during their lucky season. However a responsible gambler that knows the implications of greedy on gamble will try his or her bet to stop when they win or when they are losing.

Gamblers that have no discipline will always lose at the long run. They might make a lot of Profit and lose everything back to gambling because they don't have self control. This is something I can relate to and I learnt a lot from my experience. Chasing more wins after making profit is the worst mistake a gambler can make, it's tortures you mentally to know that you made a significant amount of money only to throw it back, this would make you start having regretful thoughts and you will keep wishing you made a different decision.

Those mistakes are what lead us back to gambling, and the cycle is challenging and involves many emotions. When in a winning position, many people even forget to withdraw their initial capital, and in such situations, what they think is that this is a lucky day, why not just keep going. Many people dare to break loss limits, so when winning, there is no such thing as a win limit.

I believe, most of us here are guilty of that at one point in our gambling life. And that I think is normal reaction for most gamblers. As we want more profit, the tendency of pushing your luck is always there. But if you don't want to subject yourself to financial troubles, better get out when you already busted your bankroll. Don't try to take a loan from someone else just to continue your games. If you are on the losing end and you have no more funds, it means, you need pause and stop your games.

I am, but I haven't experienced being greedy when it comes to gambling. You know why? Because there's no reason to be greedy when you aren't winning at all. :D There's no reason to being greedy when your target profit isn't being reached because you're constantly losing. That's where I am right now. :D

Kidding aside, greedy really is the main reason why we don't have a profit limit and this isn't only applicable in gambling, but also in trading as well. I'm not saying that not putting a target profit is bad, but putting one will make you more disciplined along the way. Just imagine you put your target profit, reached it already, and choose to stop and call it a day. That would be better for me than risking it for more profit only to end up losing those profit plus your capital. You'll just feel regret in the end instead of excitement.

For sure we became greedy when it comes gambling at least once. There's no problem with it because you will learn not to be one through experience.

Why would anyone want to limit their wins? If you are capable of winning, you are gonna wanna do it infinitely. So people would hope that if you win a certain amount, you can do even double more of that the next round. Of course, not the best way of gambling but I am pointing out only how people think this way. We only turn around when we see too much damage already on us.

That's us trying to minimize risks, but the wrong way. Many gamblers think that minimizing risks has only to do with quitting after losing, not knowing that effective risk management demands that we put in ALL MEASURES to ensure we do not lose significant amounts. This must also include setting reasonable profit limits the same way we set loss limits. But unfortunately, greed has made quite a good number of us confuse greed for bravery. Well, the outcome of our games will show us how our decisions impact our finances.

There is more chances in losing in gambling compare to the chances of winning that is why it is important to set limits,  it is not easy to win in gambling. Greed is as a result of lack understanding. Setting limits in gambling reduces the risk of losing money. Even if in setting limits loses are not the same amount as win, at least it is an amount that one can afford to let go. Greed is something that needs to be put aside in gambling because in most case it is very difficult to get what you want in becoming greedy instead you lose more .

Personally i used to set win limits, i always gamble with a clear goal, and the run is to lose it all and hit the win that I'm chasing, but it wasn't ever like that, in the past i used to gamble with a goal, just for fun, but the amount of times that i used to walk away with profit was really low, so, i learned the lesson by the hard way and when i gamble now is to hit the goal or lose it all.

Winning limits help us to have clear what are we doing and where are we aiming, because if we don't gamble that way then we will en losing it all in the long run.

This is just one of those things that few people will ever have a need for in most types of gambling. Pretty much every day you'll find gamblers losing money, but it's a lot more of a rarity that you'll find people winning "too much money" in a single day, if there is such a thing. It is one of the age old questions in gambling and what keeps casinos so rich, because people can simply be too greedy and they always want a little bit extra, then when they lose some money they just need to get back to the peak amount, then lose some more and they just need to breakeven again. It's a vicious cycle and casinos might want to create features like these, but it's unlikely to be used much at all, it'd build an illusion that winning big amounts is possible.

In my opinion, it is because that when it comes to gambling is that the chance of a gambler loses is not low so you will only see a loss limit and never winning limit. It's not like you will dee everyday that someone won a lot of money and need to have winning limit yet we know it's unlikely to happen. Casino owners won't even bother put a win limit when it comes to gambling since many people will become greedy and will most likely gamble all the money.

That's exactly what OP pointed out, and that was absolutely right. However, we all have different experiences. Even when we know the right approach, we sometimes struggle to follow it. This is what separates truly disciplined gamblers (usually the pros) from casual players like most of us.

Gambling should be enjoyable. The moment it adds stress instead of fun, something's wrong. The key is learning when to walk away. At the end of the day, we need to remain in control of our actions, not let the game control us.

It's not easy to stop when you are winning, your mind will want to play more and win a greater amount. In that greedy situation, you can make a mistake that leads you to lose all your winnings. I think if someone really wants to set a target for winning, then they need to set some rules for themselves and obey them very strictly, ensuring that none of their rules are broken. This situation will make them bound to the rules, and when they play, even in a winning position, they will stop for the day once they reach their target for winning or losing. So, everything depends on your mentality and how you can manage it, the results will follow accordingly.

Thomas Hobbes psychological arguments claims "man by nature is greedy" this sorts to prove that. it's very difficult for guys who aren't disciplined enough to made up their minds to stop when it's time to stop but since we want more we keep going and it all ends in regrets but however personally, I think I've come to the point where I decide to gamble when I want to stop when I need to.
 
The problem with us is that we don't know the differences between want and need, we then to association them together and that makes us loss more in gambling, when you win you need to stop or when you loss much you need to stop, once you find the need spot you can do excel in gambling.

Regret always comes too late, that is an undeniable fact. I've felt it too and it's really not fun at all when I have to stop with 0 balance in my account after winning a bet a few moments ago. But don't assume that everyone is the same in gambling and the goals of each gambler are different. I wouldn't call everyone who plays until their balance runs out greedy, while they do it for fun. It might not be a big deal for them to lose $200 in winnings plus $100 in capital, they will still forget that because the goal of playing is for fun.

Things will be different for those who really want to win money from gambling. Losing will be very annoying and they will regret it when they also lose their winnings because they continue playing. If the goal is to make money, then they should not be allowed to continue playing after winning the bet. They should stop with a win, pull it out and enjoy it.

This is gambling, like it or not, we are headed mostly in losing our bankroll. Hence, we usually set our limit to losses and not our winnings. Because just think about it, how many times you will win vs you will lose. It is not common that you will go home as winners every time you have session, but mostly, you go home broke and a loser, if you don't know when to stop.

You're absolutely right, we need to focus more on loss management since that's what usually trips us up. I'm not sure what's riskier., failing to control our losses or giving back winnings because we didn't set profit targets. Maybe we should regularly evaluate our progress as it's frustrating when we're actually improving but still miss cash-out opportunities simply because we don't know when to walk away.

Setting target to take profit is very important and when you allow greed to take over you, you’ll end up losing even the little you’ve gained overtime. The ability to consistently win is not assured here, so whenever you get a win, try and enjoy it and not let greed take over you to continue to want to play because only one loss can wipe away the profits you’ve earned from many games played. This happens more specifically to people that don’t even practice risk management at all. In the end, it always ends up in an had I know situations and that makes it even more difficult to learn to some and they’ll still make such mistakes over and over again while only a few will learn from this and adjust their game to be in the profitable end always.

We set limits on losses to protect ourselves from losing big. But in winning, we didn't because we believed we might win more. We think, why stop gambling if you're still lucky? Yes, greed has nothing to do with good in our lives, but suffering losses. Most of the time, I increase my bets when I feel lucky. Sometimes it works well, but most of the time it ends badly and in losses. We usually think that once we still have money left in our pocket, we continue gambling until it's empty.

I'm not sure with you folks. If you've been gambling and winning some money, why not take those profits and set some limits. Or, there is no need to set a winning limit. As long as your bankroll remains intact and you can walk away happily and log out your casino accounts, that's a better story. Setting for both losses and wins, they're a good strategy but it's true that most of us are only setting the losses and we rarely think of how much win rates we should get and decides to get out.

When we talk about money and profits most people failed to set a limit on how much profits to be taken because is our inability to satisfy ourselves, because is most important to limit ourselves in whatever direction fits our preferences, most of the time, what makes most people lose most in trading is because of their inability to take profits when the market is in the favor, until it dropped down against them, so never be greedy.

This is the reality, the chance of losing in gambling is much greater than winning. And not only that, sometimes we can't even predict or analyze at all that we will actually win or lose this time in the bet. Because yes indeed, there are other factors that often make the situation reverse direction, be it luck or other factors. What is clear is that the risk of losing money in gambling is much higher than the possibility of winning. but that doesn't mean we can't apply the winning limits set, because there are indeed some that do need to be set. only, this is not often used, maybe.

I believe pretty much every gambler has gone through such experience and allowed greed to overcome their sense, feeling tempted to gamble more and more money while they are having a good luck streak.
It is easier to set a limit to our losses because we can easily imagine the amount of money we don't want or cannot afford to lose, on the other hand, we cannot easily set a limit to how much money we would be satisfied with, prompting us to wager more and accumulate money as fast as possible through gambling.

If people set realistic winning limits to their sessions and stuck to them, there would be less people addicted to gambling and more people with better discipline.

As a gambler, I have to admit I find it very hard to stop betting especially when I’m already in the winning streak. Maybe that’s how greedy we are when it comes to profits, not to mention that we come here to gamble to make more money. But most of the time, we end up losing all our anticipated profits, maybe because we become too greedy to the point of losing ourselves that made us turn into making wrong decisions.

We tend to ignore setting our loss limits, but end up blaming ourselves and regretting if only we stopped earlier and listened to ourselves.

Addicts won't buy into the idea of accepting a limited profit taking since their thoughts are being filled with a high level of greed and unsatisfaction, so taking profits means going at a loss so for sure they become unlimited and at the end loss even all, this is same like in gambling, some gambler's tend not to have a limit to the online activities so most tend to gamble way beyond their budget.

As a gambler, is very important to always have a set limit both for taking a loss or taking profits but the casino won't allow you to have the take profit feature since it means they're losing to you as a trader, there will won't you to keep risking waiting to the opportunity to strike.

It is not like everybody does is that way. There is some logic behind it as some guys might have a certain amount they want to play with and if that amount is gone, it is their stop loss as there is no more money for games. On the other hand if someone is lucky for a longer period of time, there is money to continue playing. Again though not everybody plays until the last penny is gone.

In my own view, if you don't have some rules that guide your gambling activities, you might become uncontrollable. It is easy to have a loss limit since you are putting in your money. But when it comes to winning, we just want more so there is no need for setting limitations. But having a limit you will gamble no matter how much you have won is important. In my own case, no matter the amount I won, it would immediately walk away if I got to my gambling limits for the day or week. Having the consciousness that a single win is regaining part of your losses overtime is important to me.

believing you can still make a lot of money and being over confidence is the real reason why gambler end up losses instead of having a wining days.  That's the truth, and no one can deny of it especially those who are not satisfied of the results and realy wants to achieve a specific amount before they stop betting, because they are the one who always regrets afterwards. Lol

For me to be honest, It's actually useless even you know how to set limitbut you don't know how to control your emotions, that's the reason of exceeding or making the results to negative after good results.

Nah, not for me. I always set limits on both, even before. But there are times when I really can’t stop myself, especially when I’m on a red streak. I’ll try to recover, thinking I can do it, maybe because of the emotions too.

It’s the same when I’m winning. Even if I reach my quota, I’ll still try to surpass it and hit at least one more green. But there are also times when I actually stick to it, then I have to divert my focus to other things like playing games, watching videos, reading, or anything that can help me think of something else until I calm down.

Yes, you should have your own boundaries when gambling, such as your weekly budget and time. Uncontrolled gambling never brings good results and tempts you to lose more. I am aware of examples of gamblers who crossed their boundaries and became addicted. The initial stage is more important for gamblers when gambling because it is at this time that they are more likely to become addicted and fail to do justice to their money. Your chances of winning at gambling will never be high if your luck is not in your favor. Setting boundaries can be difficult for some gamblers, but it is important for them to implement them regularly to maintain discipline.

Having a loss limit allows you to manage your risk before you gamble. But in terms of having a winning limit, you can't really predict it ahead of time. There will be times where you will hit your target in just 5 bets or less and there are also times where you won't earn anything even if your bankroll runs out. If you hit your target early and you still have some capital left, it won't hurt playing more as long as you won't touch your profit until your bankroll runs out. Who knows, maybe you can win some more and exceed your target that day. It's just all about discipline in gambling. Whatever rule or limit you have, if you can't control yourself when greed kicks in then you will likely lose all the money you have in the end.

When I gamble, I set limits for this. I make sure to have a target amount; let's say I gambled $50, and if I make it to $75, I would stop and gamble for another day. This is my way of having winning limits because too much of it might become greedy. It's hard to control yourself and your emotions when feeling invincible. That's the time when you might be coming down.

Thats why people are minding that much about losses just because its the common occurrence when we do gamble on which its recommended that when setting out limits will be that pertaining about loses. When winning then its unlikely that you will be trying out to make out those limits just because you've been that thinking that on the moment that you do win up then you already having that momentum on which this is the moment that you do keep on playing while you are on a winning situation because you've been thinking that you can win up even more and wont be having any that further loses and thats why whenever loses do keeps on piling up again and eating up those winnings gradually until you have lost it all including your capital then this is the time that you do made out such regret into the mistake that you have done.

Gamblers will be that usually thinking when the damage has already been done and not on the time or moment that they are on a winning situation or condition. We are the ones who do make out such decisions basing up into the current condition that we are that dealing into. When losing then you should stop on the moment that you do exhaust up your limit for that day or simply with your gambling budget. On the moment that you are winning then this is the time that you do consider out on stopping when it do hits up your profit target or simply you've been contented on what you are currently experiencing into.

Yes, I have experienced it before and I realized that acting like that is very wrong because we only think about the limits of defeat rather than the limits of victory, but now I have set a target to limit both so that I can be more controlled in playing even though I get a small profit, at least it is better than losing everything, being greedy will never be satisfied with whatever results we get, instead we must be grateful for the victory we have achieved.

Yeah! I can clearly relate with you on this subject..
On a norm when I am gambling I do set limits for myself, like the amount I am using to bet and whenever such amount are being exhausted I wouldn't go further dipping my hands to have additional funds added to my gambling account. Also when I tried to have winning no matter how it's I wouldn't go again because I know such winning is to lure someone into gambling more with the mindset they would win more than expected. As responsible gambler knowing when to exit the market is a crucial point for us gamblers because if such is not applied we may gamble out of control without knowing when to quit, this mostly come to worse when you manage and secure winning for the first time it would increase your adrenaline level thinking that more winning is possible.

This has certainly been felt by gamblers when they experience victory, they decide to continue playing in order to get a bigger victory, but when the balance decreases, they will try to return it but the amount continues to decrease. This kind of thing is not strange anymore when getting a victory will always feel dissatisfied but after going bankrupt, they have a plan to limit the game

That is why you must control your greed while gambling so you can anticipate the big lose. If you already set a target, you need to stick to that and never think about add more money to your allocation money and chase the target. We never know when we will win so when we get that, we must leave casino immediately and not think about chasing more win.

We will not have a big chance to win more money especially if we don't have luck to win. So rather than losing more money, that could happen anytime, it is better we save our last win money and enjoy it if we can withdraw the money. But if not too big, we can leave that in our account and close the browser and do other activities to distract our mind.

In my opinion it's more like a human instinct, more like... "why do I need set on winning, the more win the better." while losing, the more you lost the more it's bad. So I think it's also the other term for being greedy, as the more you want to win, the more bets you're going to make and in the long run, you'll just end up losing.

Though I tried setting winning limits in trading such as $40-50 profits per day and $20-30 loss limits per day, and it could work. So I think applying this to gambling could work too, I haven't personally applied it but I will now.  :D

Everyone want to win but they don't want to lose, and yet they see gambling as the right place to hope for winnings only, people are out of their god damn mind, it is like they don't read or learn, even the answers lies in the definition of gambling itself.

If you are a gambler and you don't expect to lose money you are a total idiot, get used to losing because it is going to happen more than you will win, this is what gambling truly means.

How you are going to lose and not get affected by the loss is in your hands as a gambler, if you like drop every penny you save into gambling on a 1 hour gambling session and lose it all, it is your problem.

Just because I won 340 from gambling days ago doesn't mean I am expecting another one, it happend even while I don't expect to win, this is how a gambler should think.

Gamblers needs to structure their gambling habits otherwise they'll keep gambling on instinct. It's important for every gambler to know when to stop and call it quit for the day, if you can't control it you'll keep going because gambling can be addictive. It's only when you have a strategy and be disciplined to apply it that you can gamble responsibly. Not chasing loses and not being overconfident to continue when you're winning is where you can say that we have internally set lose limits and win limits. People who can't control themselves in gambling are the ones that ends up being addicted to it

Many, many times... This happens to me mostly when I play slots. Many times I have been lucky enough to get into a profit (x5 or more my deposit), but the desire to play more, to play even harder, destroys me in the end, and I lose everything. Eh, it's some crazy gambling mode.

But I use "stop on win" when I play some in-house games on autobet. Especially when I play in lighting mode (not all casinos have that one), but I didn't do that in a while... it's tricky to play thousands of bets without winning/losing limits.

Of course, it can work as long as you're good at gambling. If you approach it like trading, you might actually have a shot at being profitable. You’ve gotta pick the right games, though, because this won’t work in games with a house edge since no strategy beats the house in the long run. You might prolong the inevitable, but eventually, you’ll still lose.

Might as well give it a try, my friend. Who knows? Maybe you’ll find it easier to make money here than in trading, and way more entertaining too. Wait, scratch that becaue trading isn’t even supposed to be entertaining in the first place.  :)

Because humans like to spend as low as possible and get as big as possible, while in this world in order to get high return, you must sacrifice high as well.

With this mindset, I no longer looking to hit jackpot because I know I might not spend as much as the jackpot. Like in lottery, the reward is $1 Million, but you only spend $1 to get one ticket, you're highly unlikely to win.

The possibility is still exist, but if we use our logic, it doesn't make sense.

I think this is more about system betting, which isn't exactly what the OP was discussing. It's more about when we win at whatever we're playing, but we're not satisfied and keep gambling anyway. and you know the real issue? it's not having a clear target. That's what I believe the point of this topic is about.

Gambling, in any situation, whether we lose or win, is necessary to set some limits. It is just having an entry and exit plan. Otherwise, we are always gambling for a loss. When I hit a decent amount, I stop. because I know, and based on my experience, that chasing more wins leads to losses. It stuck in my mind, and so I don't allow it to happen again. We know that luck never stays long. That is why we need to be contented with small wins rather than chasing big ones. Learning this approach may not give us a chance to win a lot of money, but at least it will save us from losing a lot.

In business, taking big risks can pay off, but gambling is different.

You can't expect to earn big by betting big because the house always has an edge. The more you wager, the more you're likely to lose. That's why smart gamblers keep their bets small, treating losses as entertainment expenses rather than serious investments. When you lose small, it's easier to walk away unlike business losses, which can be much harder to stomach.

Indeed, as long as you understand well the types of game or bets that you'll going to take, same strategy with trading may work or may not since the outcome defends from your luck and your knowledge, and how you decide each end of session that you place your bet, a gambler who put in set targets for both winnings and losses are those who can execute good descipline that will guide them to avoid making incorrect justification especially when you are in the winning side.

You are right, I can relate to this perfectly well because I've experienced this a couple of times in all my gambling life, and it's always one the most painful experiences in gambling, I rather choose from the beginning of a session, that is, lose all my bankroll and rest, than win at the beginning of the game, only for me to continue playing and end up losing everything at the end, this always leaves me regretting why I didn't quit or walk away at that very beginning when I had that first win 😁

But then again on the other hand, we don't have to regret or blame ourself much while in such a situation because gambling results are mostly unpredictable, and I honestly think it's better to set limit on loses than set winning limits because sometimes, setting limits on winning might just mean you limiting yourself from more winnings you would have encountered, so instead of setting limits on winning, I rather take profit and stop gambling immediately I see that I am running out on my capital, while the profit I made from that first win is already secured.

It's just greed, a lot of gamblers usually have a specific amount of money they aim to win but after getting that amount of money they tend to let greed take over. Our wants as humans are insatiable the more we get the more want. They forget that gambling is just about luck, just because you got lucky the first time doesn't mean that you are going to get lucky again the second time.

Not all gamblers will feel greedy after winning. Some gamblers must be satisfied with the victory they get and feel enough to end the game. That's when the gambler gets the victory.
The limit when you win will be difficult for gamblers to do because of the dissatisfaction of the gambler. The greedy nature of humans is indeed the reason. But all of that can actually be overcome, and start to get used to it. When the restriction pattern is carried out consistently, then the gambler can definitely get used to what he does consistently.

I have been through this several times when I won good winnings and of course my brain switched off, because I did not want to think at all, but only to win even more, because it seemed to me that I had caught luck by the tail. And the most problematic thing is that I understand that gaming sessions need to be stopped in such cases, but I just could not do anything with myself. You still need to have fortitude and not let the winnings fool you, because building castles in the air when you win is not the best solution. Today I have already learned to control myself, because the last time I won, thanks to my experience, I was able to take the winnings and stop, but I am still sure that only a few players can do this, because everyone always wants more.

This is actually quite funny. Let's imagine the following:

A person has $100 and decides to go and play at a casino, and is very lucky enough to win $100,000. Then this person stops playing and withdraws all the money.

But the question that this person will have to ask himself after withdrawing all the money from the casino:

Has he stopped playing forever?

because if he hasn't stopped playing forever, then he will start playing again and will be losing money to the point that he will spend years losing and when he calculates how much he has lost over the years, he will see that it has exceeded $100,000.

by this I mean that only those who win a lot of money and stop playing forever make a profit

This happens even to the best of us. When you hit your targets, whether in gambling or work, you forget that you were praying and working so hard to get that target. You start aiming for more, with the mindset of "if I could get this, maybe I can double it" or "maybe I can also get this." If you don't control your emotions well and discipline yourself at that moment, you'll find yourself playing away the money you just won.

Discipline and strict self-control are important to help us avoid playing away our winnings or when you have a near miss, it takes great courage to walk away, but you can do it if you put your mind to it. Otherwise, you'll experience more losses, and that's not the sole goal of being a gambler. You lose some, you win some and on those lucky days, you maximize your money.

"Why Do We Only Set Loss Limits But Never Winning Limits?" - This would be a correct strategy to stop in time, but I believe that most gamblers dont set any limits for themselves at all. In fact, they do, but in the excitement of the game they dont fulfill their own limits.

Low RTP leads to losing in a casino first of all. :)

This is said when you have already lost. "Sobering up" from a gaming session occurs when there is nothing left because of the losses.

The gambler relate this until a new gaming session begins and then immediately forgets.

It's good that you learned now because of the mistakes you made before, and you're right that even until now there are still many gamblers who still don't really learn.
You know that greed is the main problem of gamblers that most of them are usually overcome by it.

So it's really important for every gambler to have limits on gambling, where the purpose of this is to limit losses when playing at the casino, now if there is also self-control, for sure like you they will also know when they should stop playing gambling and this is when they know they have won.

Personally I do set winning limits for myself most of the time. Whenever I walk into the casino or I find my online casino account to gamble, first of all I set a limit for my losses because the truth is that I mostly anticipate the losses more than the wins, but if eventually I start winning then I’d feel it’s my lucky day, but I sure do not push my luck at all as I immediately set a winning limit for myself, if my target is making a 2x, that becomes my limit and as soon as I hit that limit, I take a walk immediately without having the intention of pushing further.

The pains of loosing at last after you have been leading in winning and profitable position is such a heartbreaking.
After all winnings and have been such lucky on that day refilled your wallet with profits made and instead of just turn of greeds and walk away happily with your current achievement, you will still get tasty to win more and when it begin turns the opposite side of you loosing when expected you were going to win more, greed will still trigger you to recover that percentage of the profits the house edge had just taken from you but unfortunately... You will find yourself loosing even more and more.
Okay, take a leave, no way. Not until you lost it all up to your capital that you would not even have a damn to stake again, only that moment we don't find it hard to leave.
Shame!!!

For me, if I must lost it all, I would prefer if it occur from the onset probably let my bad day of loosing show up earlier maybe I may have that courage not to even stay longer as I may expect and I am sure to take the lost tolerably but when I am found prospect from the beginning but lost it all at the end because ofu greeds, sorry, the memory will always be traumatic.

At that point we don't have choice so instead of letting the bad experiences weigh us down, we just have to let go because we ail still find ourselves back to the game house but if there must be an adjustment, it would just be of the tough lessons not to be greedy again and know when to stop.

Greed often makes gamblers lose more money than they gain. They get carried away and overconfident which makes their judgments go wrong, and that makes them continue gambling even after securing wins in hopes of achieving even greater rewards. This causes a person to experience significant losses, since they are unable to be satisfied with what they get and do not have a strategy to exit when they have the opportunity to do so. And that is why setting limits and controlling emotions is very important for gamblers to mitigate the influence of greed and prevent them from making wrong decisions after they win.

Apparently the reason is that losses happen more often and in this case you will reach the loss limits much more often than cases when you double your deposit and need to think about withdrawing the winnings. The focus is aimed at preserving what you have, and when you start losing, this focus shifts to winning back and returning what you have lost. You can set any limits in any direction, but this will not greatly affect profitability, in order to start winning you need to become a better player, and not set limits.

Of course greed is the main thing that normally lead to more losses in gambling. Because most gamblers always find it very hard to stop when winning in gambling, they always have this feeling that once they are on winning streak that they can never lose again, without noing that is a luck that keeps them winning. It's always essential to understand that luck is the key in gambling, so as a good gambler once you are winning also remember when to stop and take a break.

Sure I can relate with this. Our emotion will always play a fast one on us. In fact while we are playing it seems we are up against our emotions and we should take that into cognizance, that we have to consider our emotion. Most gamblers have experienced such and that is greed causing that. If you don't allow greed to come in then a gambler should know when to stop playing and that time is when you have made reasonable profit. There are gamblers who feel that since they have already started making profit on their bets then it must be a lucky day and therefore, they must stay back and continue playing to maximize the days benefit. But, it doesn't happen that way all the time. The buttom line is to know that you have made some profit and you need to exit. Also when you are losing, you don't need to start chasing your loses.

This is a completely reasonable idea and for some reason it seems to me that it is quite reasonable to set two limits at once before the start of the gambling session.

Of course, I mean the loss limit and the win limit, so they should be equally distant from the zero value.
So it would be very reasonable if a person loses a certain amount, he will leave the table. And the same thing, if he wins the same amount, he should end his gambling session.

Greed more likely lead to losses but it is not an absolute thing. There are rare instances where the greed of a gambler brings them more winnings before eventually ending their session.  This is because gambling result is random and not a pre-destined thing.


Even  when we set a target, when greed kicks in, it will make us to continue playing.  And if the gambler fails to control their urging greed, they will end up losing all their bankroll.


Not maybe, it (greed) is the reason why many gambler who are winning in their early game  ends up losing later in their session.



I can relate to this situation, I believe many gamblers can relate since I think, once in their gambling session they have experienced winning but due to wanting to win more ended up chasing losses and emptied out their bankroll.

Even if greed doesn't creep in there would always be an attempt of losses cause it's unpredictable which is why it's best to play safe and with that I think we shouldn't just set limits for losses because it's what drives us to the extreme cause is the ability of not wanting to lose but setting some winning limits it's a good idea but knowing when to stop is best. And again i believe we set loss limits so we can bypass it but it keeps coming so it's best to stop at that moment.

Setting limits in gambling isnt all about just setting limits, without self discipline, the limits we are setting will be absolutely useless because we can only manage to play according to the limit we set only but for a time, maybe few days or at max, a week before we forget about the limit and return to our usual way of gambling before.

This is why we see alot of people write new year resolutions at the beginning of the year, they manage to practise what they have written only for a few days or weeks, and by the next, they are back to the same lifestyle they were living in the previous year which they resoluted to stop this year.
Discipline is very important when it comes to setting any type of limits for ourselves, without discipline, we are only but wasting our time.

It's simple to run into conclusion with that and that's simply because nothing excites gamblers like winning their bets. The momentum to keep playing will be there as all fears tend to fly away when one is winning. We know it's not proper to change a winning team and it's in that regard a winning gambler is lured into playing for more. It's only one with a bad experience of how their winnings turned sour that will stop playing. I'm yet to see a man who stops making money when they've it easily set before them at their beck and call.

As for experience, I've yet to have such a bad one. I tend to stick to my limit on everything I do. Stretching myself beyond limit, even if the engagement is positive in my favour, often gets me distracted. Distraction isn't what anyone gambling should tolerate. It leads to poor results.

That's a very common experience in gamblers that really needs to be overviewed.Overcoming losses is also a way of avoiding several occurrences in gambling like financial hardening as we all know to be called "Broke."
Losses or been broke is an incomplete feeling whereas, nobody wants to experience such so they observe measure to help them stay guided and informed ahead of the future.

Greed does not show up as a need for more. Sometimes it's called momentum in disguise. That inner voice saying, "I'm on a roll, I've cracked it, just one more push". You can't rely on confidence in probability games. These systems are mechanical and cold. While you might win today, the longer you stay, the more likely that math works against you

The story reversal causes the suffering more than the loss of money. When the narrative of rising fortunes flips, it causes more than just bankroll damage. Shock of identity. Early loss hurts less for this reason. It breaks the illusion before it builds. Late loss? Until it wasn't, it was yours, and that breaks you

Also, shame isn't a bad thing. The system honors impulse, penalizes restraint, then moralizes the results. Classic casino psychology. But learning doesn't just help you be less greedy. It also about separating outcome from self-worth. That is the challenge

Every casino have an amount that is what you can win maximum for a bet, even if we didn't set something like you describe we are limited to some amount. But honestly who wants to stop themselves from winning big and that's irrelevant in my opinion in gambling, we can win too huge an amount with very small bet amount and that's what the attracting factor to the gamblers so casinos won't do anything that affects their user base and only we need to be careful and responsible with our betting amount.

Yes I feel it and I am sure all gamblers must have experienced such a situation where their greed leads them to an unfavorable situation and ends in regret, and with this it means of course I also agree with your statement OP that a gambler should know when they should stop and the ability or planning to stop at the right time does not only apply when you lose but also when you are successfully winning.

I myself usually when my winnings reach 100% or even 50% of the capital then I do not hesitate to stop and cash it out, one thing I think is that ending up with a win is much better than going home empty-handed even though the amount is not too big.

I think most or all of us gambler has experience or can relate to it.
And I am sure I am not the only one who are setting up limits when gambling, I would set on how much I could gamble and how much profit would it takes for me to stop.
The events where I already gained profit but couldn't control my greed has taught me that setting up limit is important.

It is easy to set stop loss limit as we don't want to go down a certain amount of money and we put this limit in most of the gambling that we do and not only gambling but also trading if we happen to do it also. The fact that we don't put a limit when we are winning is that we are in full adrenaline and our brain emits a lot of dopamine when doing so and that is reason why we are not concerned, our brain is putting us in happy mode and when in happy mode we think that even better things will come to us by doing the same and that usually leads to destruction. It is good practice to have a win limit which in whenever hit it we should stop and withdraw.

It’s always better to win a small amount but on a consistent basis compared when you hit a big win and eventually lose it all because of greed. However, having small wins are sometimes overlooked because for them it’s still not winning at all. That’s the mindset of irresponsible and greedy gamblers, so it’s not surprising at all why these kind of gamblers are mostly seen losing and regretting in the end.

Yep, this happens all the time, I think majority of the gamblers experience this one. Greed is the real opponent of every gambler, most of us lose not ‘cause we had bad luck, most of us are not stopping even though we have the upper head. I mean it's not wrong to aim high but of course there are thresholds to things, there are many things you experience because it's meant to be for you and just there, don't cross the line. If you want to have more, then there are many risks to come because you want more.

Most of the gamblers have that scenario that they should've contented to the gains.

It's always with the mindset of whether you keep winning more than losing all, that's the essence of greed to a gambler who does not know how to control this moment when it comes. Setting a limit is good when losing or winning, the more you extend your stay in a casino, the higher the chances of losing everything including your deposits.

Depends on where you play at, waiting 100% of your capital may not be generous because you never plan on losing but it happens, just get contented when you begin to gamble and know when to jump out.

You are absolutely correct greed is what brings about loss In gambling and not only in gambling even in some other things in life, though every human being have this little greed in them but it is left for them to show it out or let it control their emotions. Greed always causes more harm than good though sometimes greed can make you get something that if you didn't choose to be greed you won't get it but where it is not good is that the possibility or chance of you getting that particular thing is very small. I have been in this state of asking why didn't I stopped and it was not because of greed actually but because I was enjoying that moment.

Greed makes us go beyond the limits of anything. In case of gambling If you are not greedy then you will have the opportunity to gamble for a long time but when you are greedy then if you are lucky then you will get big wins otherwise you will cross your limit and spend on gambling which will bring you loss rather than profit. That is why controlling greed is the most important thing. Gamblers who can control their emotions can usually control their greed as well. Just as we set a limit for losing, similarly if we set a limit for winning and and if we take a break as soon as we cross that limit then we will be able to enjoy the profit at the same time it is possible to keep our emotions and greed under control.

Everything which is too much will be that bad or not that recommended. Its always been that best that you should be that having the control or having that kind of handling whenever you are on a winning situation.
It always been best that you do really know on when to take out profits and on when to stop specially if you are already in positive. Usually gamblers do really seek out even further profits on which this what makes them that being impulsive and couldnt be able to have that control on which this causes up with those impulsive actions on which it will be leading into sure loses. Setting out limits on losing is recommended, same goes when you are winning on which dont let your extreme greed that controls you or you will be able to forget on what are the things that you do need to do. If you are playing for the sake of fun then using up those winnings back wont be that a bad idea but on the time that you've been that trying out pursue because of greed or more winnings then it would be an another story.

When we are setting out limits then it wont be just that only at the time that we do deal up with gambling but also in other things as well on which if you arent that setting out those limitations then you are that bound on experiencing up such huge problems later on. Its important that you do really know on what you are doing and on what are the things that you've been dealing with.

I don't know about you, I do that and I urge every gambler to do so. This will show that they know what they are doing, and even if they lose, the losses will not be harmful. Gamblers must know their minutes/hours of gambling, the amount to gamble per risk, the number of times to gamble and the total amount to gamble. This must include how they behave around winnings and losses, so that they have a preplanned behaviour rather than irrational/random ones.

Sometimes, it's not greed, it's just the insatiable nature of human beings in play, especially if you don't have a good plan.

Absolutely right, I think that before the gambling session begins. Each gambler must determine for himself: what percentage of the initial deposit he can lose if Fortune does not smile on him that day.
And this is an absolutely smart decision, because I believe that if a gambler loses about 60% of his deposit in one session, then his brain will switch off and he will go into such a tilt that the gambler will simply lose the rest of his deposit, following unwise decisions and huge bets, which will definitely lead to his deposit becoming zero.

I'd rather prefer to have this since somehow those big gains would just come if we are lucky to hit big multipliers especially if we are playing slot games. But I don't intend to go more beyond my limits because don't want to lose lots of money due to unwanted situations also decision that I might made while gambling.

That's why I set loss limits so that there's certain reminder that I need to quit and I am in bad shape already. Greedy gamblers usually lose a lot of money and get stressed out with it. But if we are in control we can simply eliminate those bad thoughts and still get happy with the result we get.

Well it's hard to stop when you lose but it's even harder to stop when you win to be honest, because you want to win big amounts when you gamble, not small ones. And then when you get a good streak you want to see wherever you can lend and which amount you are able to reach. It's hard to not nothing maybe this is my moment and I'm going to get the big winnings, the unlikely jackpot infinite streak I am waiting for since such long time.

There are lots of gamblers that are greedy and this is affecting them everyday. Chasing losses constantly would definitely make you lose money at the long run. Just like the strategy you explained, starting with small stakes and increasing gradually overtime can help mitigate losses. It's important to have boundaries and know where to stop, if you keep losing and maybe your losing streaks are becoming too much you can just take a break for a while and come back to the game when your head is In the right place.

The greedy is the one affecting most of the gamblers that’s why set a winning limits is very hard for them all the times, if to say most of those gamblers aware that  the greedy is always lead them to lose much of their money in gambling they some people’s could’ve already give up in gambling; but since it already an addiction to their that’s why it has difficult for them to the gambling.

There’s some people that since the time they started the gambling they never win even once upon say their losing every blessing day, but they don’t want to step back even those that are very emotional they can’t afford to lose much of their money instead of them to stay away from gambling and they will continue pursue how they can able to win.

I did this mistake in the beginning time of mine, I just put a limit on my loss where I should stop wagering and that was one of the reason why I am just task my loss limit and bring back with zero pocket. And this was a continuous scenario on that time.
And then I just for a discussion in this forum like your topic where a person said about that we should set both limit meaning and loss otherwise we don't even take a penny to our wallet. If I share my experience when I don't set any limit on my winning even I was make a good multiply when I wager that and got 0.5x I was just like being a crazy and just chase the losses and after chasing the losses I just make my balance zero. So both are important.

I've always do that, setting my win limit. As i always said, to limit your wins is to limit your losses. Because sometimes even you already make profit, but when your greed kicks in you will continue to play until the casino recover your profit back and turns to losses instead. Setting a win limit is always a good to way to prevent gamblers greediness.

It's a common problem for gamblers who don't set a winning limit, because they want to gain more and probably majority of us wants that idea, right? However, if there's still a chance to stop since you already profit then do it. The result is not often in our favor hence don't wait before the casino get back your earnings.

The reason why self-control is necessary It's understandable to be greedy sometimes but be wise on knowing when to stop if you already win. Because you'll never know if on the next game the result is still what you expected it to be.

You are applying safety measures while enjoying your game in the best possible way that you can, getting your winnings out and leaving a small portion of it. It's a way to save yourself from overspending and passing your gambling limit, although withdrawing some does not guarantee that you can't redeposit them back, as that's based on personal decision and discipline, just as it's easy to spend it all without knowing when you have all of it in the casino.

I did put winning limits on my gambling sessions. So I stopped gambling for the day as soon as I reached my goal. However, I was back for more on the following day or as soon as I needed more money. Then, at some point I started losing money to gambling, and felt I should chase losses.

As you can see, even when you put winning limits to your gambling sessions, it doesn't mean much after a while, as you hit long term losses and feel tempted to recover everything through further bets. Winning limits is a good thing on the scenario you hit a big prize and should stop immediately to put those funds into an investment for future passive income or to do things you always dreamed about, but never had the money to do so.

I have already addressed this topic several times because I see the same thing as you... many people are concerned about controlling their losses but never their winning limit, and I think this is due to the nature of any player to always maximize their winnings and not be satisfied with what they have already achieved.

I think the reason why we do not set winning limits is because many times we do not know when to stop, since it is easy to get carried away by emotion and keep playing, hoping that luck will continue to favor us... we say that we will stop when bad luck comes, but many times it comes brutally, taking away all the winnings that we have achieved with a lot of effort and time dedicated.

It is certainly very important to set winning limits as well as loss limits, because this helps to avoid losing control and maintain discipline even in the best moments... you need to stop playing when you reach this limit and enjoy your winnings, without complaining about the money that you "missed out on" if you had continued. Instead, we should think about what we could have lost if we had continued and bad luck knocked on our door.

At this point I felt I should stop but being greedy I was tempted to continue for longer because my friends tempted me to play more so that I could win more. The moment I won I should have left the place which most gamblers understand but cannot do. The addiction to earn more or the desire for more entertainment or the instigation of friends. Most of the reasons why I failed to stop gambling are probably familiar to gamblers. If he can identify his failure it will be easier to control himself. Moreover self-control helps him to determine the necessary strategy.

Of course that is the reason people get addicted, the act of not stopping wether winning or losing. I was more concerned about the topic of discussion that mostly emphasis on why people set loss limit but never wining limits? Well wining limits And loses limit are similar but people usually neglect the wining limits than the loss limit. Both of them have different feeling that's why. Let's take for example a person that is losing may set loss limit because he is losing much. But a person wining will always have that feeling of wanting to win more without stopping until he sees that loses are beginning to become more frequent then he may decide to set loses limit. Infact people don't set wining limits untill they begin to loss before they set limit. It's Only few people that set win limit and stops when they see that continues gambling may leeds to losing. But apart from that, almost all gamblers sees wining as an avenue to gamble More.

Losing can be caused by both the lack of limits on short-term money loss and the lack of limits on short-term winnings. Winnings intoxicate us, making us take excessive risks. We lose the sense of reality and can put all previous winnings on the bet in the next game and lose all the money. That is probably why limits are needed both on winnings and on losses. Luck is not always friendly. Sooner or later, luck runs out and you are in for a cold shower. But generally speaking, limits alone are not enough for long-term successful play. Limits are just limits. They are simply what limits your play, no matter how successful or unsuccessful it is.

Yes, greed can easily make us keep playing without think about how much we already lost. We can not stay away from the interest offers from the casino especially from the temptation that whisper in our ears. That is why many gamblers fall deeper in gambling and difficult to let them out from gambling and many are become addicted to gambling.

We set loss limits because we are rare to win so we realize that limiting the loss will be better to us. We can prevent the big lose that can happen anytime while we only need to enjoy our time in gambling. We don't need to recover the loss so when our stop limit almost reach, we will stop gambling.

Yeah right, it's still a personal decision that matter the most in terms of spending what you'v got inside your casino wallet, and adding to that there are wise gamblers who understand the risk and already knew what to do whenever they've got a chance winning from the house, after cashing out they'll take some rest to enjoy their winning money knowing that opportunity to win is not always better to enjoy from it before spending another money to casino and who knows what will happen next.

It is basically true that greed can lead us to deep defeat when gambling. Therefore, it is necessary to have a limitation on the target of defeat or victory. But for me personally, I have my own way to limit it, to limit the defeat by determining how much bankroll will be brought to play and I can afford to lose it, regarding the limitation of my victory around 2-3 times the increase. So far that is what I have applied personally so as not to fall into greed which can lead to deep defeat or even addiction.

Apart from being unable to control a greed, it is difficult to determine the limits of victory is also influenced by a sense of wanting to get much greater money in gambling without considering risks. Bankroll limits to spending money in gambling are an alternative but need to train themselves not to install other amounts when experiencing losses to the boundary bankroll.

Transfer the focus on other activities when experiencing limits to spend money in gambling so that someone can make some adjustments and re -place bets at the specified time limit. For example we will bet for one week twice and stop in a condition indeed or lose and continue on the next week.

I think that the limit should be set in the amount and not in the number of bets, because you can make two bets of 100 each, or you can make ten bets but of 10 each, so making more bets does not mean placing more. You can set more specific limits first by the amount, and if there is a need for this, then also by the number of bets. Twice a week this can be due to a limited number of suitable games, which can also be considered the right criterion.

Guilty, we can set the loss, because we have to control the money we have and allowance and savings.
For winnings, everytime we win, we feel the eagerness and wanting more as we feel so lucky :)

I am GUILTY about that :D but i hope i will have more control to myself when i am winning, coz sometimes or most of the time,
I loss everything even i did a x10 of the bankroll.

It's true that the aim of every gambler has always been to maximize profit, and as such that's the reason why they don't set winning target, but will rather prefer setting a losing target, simply because want to minimize loses and maximize winning in a long run. Because basically, setting of winning target can mostly be done on games like Aviator, crash and plinko, which are all luck base game, and as such a gambler can target a certain multiplier he/she intends to achieve during a certain gambling period. But normally it's idea as gamblers to set both winning and losing target in every gambling session, in other not to get carried away by emotions and you may end up making mistakes that may lead to loses.

It's all quite logical... Big losses can ruin us, and big wins (on the contrary) can bring us great joy! That's why we, as players, set limits on losses, but forget to set limits on wins.

At the same time, it is well known that greed leads to very negative consequences.

In my opinion, when we are faced with a win, we need to, if not stop playing completely, then at least reduce the stakes. For example, cut them in half. And after the first loss, abruptly stop playing. In addition, it is advisable to reward yourself after each win by buying yourself something valuable and pleasant.

Because it is not the gambling itself that is important, life is important, an interesting and pleasant lifestyle is important. This is what we should strive for.

I mean the limit of the amount not on the bet because as you said in one bet we can place two to five. The limit can probably be adjusted by each individual because the most important thing is how we can manage it well so that involvement in gambling is not excessive which can have a bad effect. Most fail to set limits because of the desire to get more wins and sometimes placing bets of one to five does not determine victory.

I explain based on individual experience and maybe you have a slightly better concept than us, so that it can help to make it easier so I think it is worth discussing based on some of the experiences of the gamblers themselves.

Any gambler will find a moment in his gaming memories when he regretted continuing to play. He saw that his deposit balance grew, and he remembered this moment, because we all immediately remember such good things. But the thing is that if such a gambler continues to play, then he agrees that his deposit is again at risk of loss due to the fact that luck turned away from him today. But few people realize this. And when the deposit already becomes equal to half of what it was, then such a gambler will think that the casino deceived him.
My main idea is that our memory remembers the good well. And perhaps at such a moment it is better to stop.

Funny thing is that, a gambler can have an amount of money he desires to win from gambling and after being lucky and winning that amount of money he gets greedy and goes for more, this is where things can start taking a different turn. Greed is one of the main reason why gamblers can use their profits reasonably... setting limits during winning is also something that gamblers need to learn, it shouldn't only be done when you are losing.

I can deeply relate this experience, and I also think that here also lots of people have the same experience what I have. I have multiple time face losses just because of my overconfidence like when I just win once I got the same confidence for the next time and I make wager and wager and then I started losing and losing and after some loss chasing I find my self in zero fund.
In the beginning time it was happened at to me regularly and that's why even I won good good amount I can't withdraw that so I think in the beginning time it was a lack of strategy and after experienceing it if we do the same thing again that's mean a we have lack of self control.

There should be a limited number of players that would like to stop winning when at the peak of winning various games played, I got to understand your point because whatever decision made to stop loosing would be the same also to stop winning in as much as such decision is a great one to make your gambling life seems easy going.

It is not always easy though to know when the exact time to stop winning before ruining yourself out, it's best to always give yourself some actual number of consecutive winning bets at a time, like me, I can give myself 3 consecutive wins to stop the whole day.

If you set stop loss, then why do you need to set winning limit? I mean, isn't it better the more you win? Why should there be a limit. If you have set a loss limit like today I'm not gonna exceed $50 loss and then you win $1000 via the next roll, did you need limit here? Does it matter if you win $1000 or $30,000? Loss limit means you are not going to lose more than X amount of money. If you think about it in percentages, then that's a different thing but I think it's better to set fixed limits, so you won't have to worry further.

It's a wise decision setting your limitation on both side not just the amount that you are willing to let go but also the amount that you wanted to earn, and like what you said there are times that a gambler set it's expect target but when he experienced the win he change it up and aimed for more, that's where greed dominates and instead of enjoyng with some profits, it ended losing everything including their deposit money.

Winning is least of our concern since it’s very rare for us to encounter that our bankroll is on profit and having dilemma to stop or continue gambling. I usually rely on my instincts and personal satisfaction when it comes to stop gambling when I’m already at profit rather than having fixed amount as target profit.

I always gamble using money that I can afford to lose in literal way. I can bust my bankroll without feeling strong remorse in most cases that’s why even loss limit is already controlled the moment I deposit my bankroll because my bankroll itself is my limit rather than having a limit on your bankroll on how much you can lose.

Just walk away with a profit now but make a deposit later and lose them all. This is exactly what happened to me, and this is because we are encouraged to gamble more because we already think that we have funds to gamble. That is why, no matter how many times we win, still the casinos take it back. In the end, a gambler never wins.

This is not about discouraging people from gambling. We're just trying to tell them that being a responsible gambler is necessary. And most of all, we have to accept the fact that gambling never gives us winning assurance. That is why we don't have to expect too much from this and think that we can multiply our money because it is likely impossible.