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I was scrolling through instagram and I came across this story
https://www.instagram.com/reel/DNqQIlNg99m/?igsh=cGJ5NGlveGY2ZzV3

This is a story of a poor man who played a sport betting game with little money but the potential win was big according to the story he was gifted an opportunity to cash in on a good amount that to his financial status is more than good for him but he decided not to and ended up with nothing.

First thing I do after placing a bet is see my potential win as not mine, those figures written as your potential win are dream money it’s never yours I don’t care if your last game is Real Madrid against a team in the fourth division of Iran’s league.
The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.
Your financial status is more essential than your potential win in deciding if you should cash out or not.

This is the simple truth, if you think about your financial status, you can hardly go wrong because at that point you will be gambling with what you can afford to lose. But if your mind is fixed on the potential win, you will not think straight because you will have the justification to do anything to achieve it. Most addicted gamblers started by looking at what they can achieve through gambling, forgetting that gambling is supposed to be mainly for passive income and not a source of income.

So, it would not be like this one that you previously discussed about?


You will cash out this time that the money is huge  ;D.

If the money to cash out is also huge for me, I will not think two time before I will cash out. I do not cash out because most time I bet on a single match.

I think that a lot of people focus too much on their potential win and this is actually a problem. A potential win isn't promised, it's not certain that you are going to get it so if you are lucky enough to get an amount of money that can change your financial status significantly as your cashout offer then you should consider taking it instead of  waiting to get an amount that isnt guaranteed. That problem with some people is just greed

It is all due to being delusional, if they already won 9 out of 10 then they will think Why not the remaining one that could double the rewards, force them to take such risk. And I am being on the conservative side, will always choose the cash out option no matter what the potential win because the present is real and the future is unpredictable and if I made enough to consider a decent amount then I am not ashamed of backing out at that moment and it can't be considered as a cowardly action.

Watched the reel. I must say the mind in the story was single-minded and that made him lose sight of other possibilities that could very well happen. In the pursuit of a potential win, he lost sight of what could have been his and could have cashed out some good money. I don't know if I should feel sorry for him or not.
There's a saying.. "a bird in hand is lots more than a thousand in the bush" We should cherish and cling onto what we've got while pushing and hoping for a better one. The man in the story should have taken the option of cashing out rather than hoping for a better outcome. Now he lost on both sides and is still not better off than when he initally played the game.

I experienced this last week while sports betting on Betpanda. After winning a few games on the bet slip, I staked around $10 on the game, and the potential winning was somewhere around $50, While the game was ongoing and in my favor, I was offered a good amount of cash out, but because it was less than $10 to complete my total winning and the last game was around 85 minutes, I thought I had already won.

In a second, there was an equalizing goal from the opponent. It dawned on me that I had already messed up big time. This taught me a lesson, and I hope that I make a better choice next time when such an opportunity is presented to cash out a good amount instead of allowing my greed to make me lose everything.

Overestimating one's capacity and financial status in course of Gambling is a trap that leads one to unrealistic expectations.You're not supposed to ruin your finances that way, think more about your finances than fantasies,that way you've gained absolute control and confidence over financial status.

Exactly, thanks for even emphasizing on gambling with more than what you can afford to lose, according to the story the man labours throughout the day and gambles with the daily little money he had gotten, it is irresponsible to suffer hard labour and then gamble away what you have earned from that day.
Gambling with discipline should be taught to people more with lack of educational background.

This is the same gambling story since the beginning of time, it is the gamblers curse - they simply don't know how to quit when they are ahead and hand it all back to the house eventually. This is why it's better to stick to fun and casual play, but only when you have disposable income. You shouldn't be gambling if you cannot cover your basic bills and it should be the last thing on your mind, however desperation often leads us to doing foolish things. When you have stable finances and a suitable income you are much more likely to withdraw the money because you don't need to chase it ever higher. As you say, the risk in a sports bet is absolute - you either win something or lose everything, there's no middle ground. If you're lucky enough to double your money in a day you should be grateful and bank it, come back with fresh thoughts in mind for bets tomorrow.

From my topic it is about thinking about your financial status than your potential winning and not cash out once you see a cash out option. In my case I was not giving a cash out close to what the man in the story have and both my cash out and potential wins are below my financial status. I don’t see gambling as my financial liberator but I see it as fun so I may never be in the situation of the man in the story.

To emphasize again I am not against not cashing out but you should consider your financial status before making that decision.

Yes, that's absolutely true and I agree to it 100%. Because a bet potential winning is never ours, but rather an imaginary money that we are likely to win if certain factors are meant. And as such, our "Cash Out" option is a major factor that should never be overemphasized, most especially if the given Cash Out is already more than 10x of the amount that was used in playing the game. Because to be frankly speaking, I'm 100% sure that man will be regretting today why failing to Cash that money when he had the opportunity to. And as gamblers, both Newbie or not, it's one thing we should never overemphasized. However, for those who could afford risking it, just like the man in the story did, it is there decision to make. Because some people had took the risk before and won. But such risk is actually not for broke people.

Well this goes both ways because many people end up doengrading their financial status to take some bets that they end up losing in the end.

So I think the balance between cashing out and keeping it rolling depends on many situations.

For instance if a player can win a ticket or not being judged just by a single cash out means they're either extraordinarily lucky or they bet so much they can't afford to lose.

If it's the latter then this bet shouldn't have happened in the first place.

You did not understand what I meant. I am not against you and I am not also implying that you are not right. I am only implying that if the cash out is huge amount of money, that it is better to just cash out than to be greedy. Nothing more than that. We are on the same page about this.

Potential wins can be very deceiving..you must always re.ember that they are not real...a lot of people have lost the opportunities they had to win big because they were focused more on getting their potential win...Betting is a game of probability and chance....winning life changing amounts of money might require you to play parlays but  those that are smart are always quick to take cashout offers cause anything can happen

Oh my bad. Yes for sure I will cash out if the amount is big and between me and you it would have hurt if I had lost that game lol.
The safest option is cashing out you can’t go home with nothing if you make cashing out a habit but sometimes we always want to be daredevils but before being that make sure the cash out is not something bigger than your finances.

This mistake is very common among gamblers, and I must say that the man is a greedy gambler. Though I don't blame him for making such decision because he was hoping that if para venture he end up wining the ticket that the wining is going to change his life for good, I'm sure that this is what he have been thinking that made him not to utilize the very opportunity that was given to him. And yeah, this has happened to several gamblers yet those who are yet to experience this will still end up making this same mistake.



I like the fact that you said those potential wining written in our tickets is just a dream money that is very correct, is just like sometimes when seeing a movie you will hear people mentioning a huge amount of money that they can't even afford that very moment. So that's just how it is, and thank goodness you know that there's no guarantee in gamble even if a superior team is playing with underdog yet we are not still safe so we should always try to make use of the opportunity we have, there is this saying that a Bird at hand is worth more than million at the bush.

I guess I understand the argument in going after the main prize.

We are talking about a classic risk vs reward situation.  This man did not lose his money perhaps because he forgot his financial status.  He lost it, because the potential reward was worth the risk of losing his small bet. The man was betting on a life changing sum of money, not just a few extra bucks.  The potential to escape poverty, even if its a long shot, is certainly a powerful motivator.
Cash earlier is certainly the safer, more conservative option but it is not always the best choice.  To cash out early is a choice for those scared of losing what they have already "won" on paper.  Cashing out for a set amount of small money would leave the man exactly where he was before.  But ehat if he genuinely needed a big win to improve his life?

If you cannot control your greed, that’s what’s likely to happen. Some gamblers suffered amnesia when faced with the prospect of winning more if they continued.

They thought they could recover all their past losses; these types of gamblers are not adequately educated. They thought they had finally cracked the code, which would lead them to more winnings.

Only after losing what they had earlier won did they realize that they were wrong and should have cashed out earlier. Of all the gambling experiences of gamblers, this losing after winning a lot of money is the painful and hard to forget; it takes days or even weeks to forget it.

Of course this is the truth, but it's also the definition of gambling and risk for most of us. And others might dream of it, winning big and going home with that kind of money and change their financial status in life.

But it's very different from the reality, it's the unknown that we are betting here. We don't know what is the outcome of the game until at the last very minute. And then when things didn't go our way, then it's a hard and tough luck and then we are hit harder when we all know that we don't have any more money.

The poor guy in the story thought that it's a one-time opportunity, and luck was on his side, and he should proceed, thinking that if he did not, he would regret the vast amount that he would have won if he stopped.
This is greed taking over the poor guy. Gambling is never an opportunity; if you do not know when and how to cash out, you will keep losing.
You must learn how to be contented and see gambling not as an opportunity but as a way to relieve your stress and not a cause of it.

You are right, your financial status is more essential than your potential win, a lot of people need to understand that those any amount of money that is not in your bank account are just figures because they are not real. Blowing up your chances to cash out good amounts of money that can change your life In the pursuit of a potential that isn't worth it. The most important to you should be making profit.

90% of gamblers see their potential win in such manner, personally I fall in this category not because I can’t do without winning but, we all need a win if possible analyzing the game helps a lot. The common practice when it comes to cashing out, I always wait for my capital first before ending the game (cashout) at least with the little capital you can still re-bet some other day except the game ended wrongly. Gambling is risky so I don’t blame anyone when they refuse to cash out obviously they know what they’re doing, what’s more painful is losing everything as a result of greed like op mentioned prioritize your financial status first.

I don't really know because I haven't taken my h of my time to analyze this but from what I can tell, 70% of the reasons why many gamblers lose their bet is because they are greedy. Like we all know, greed is one of the reasons why many people lose their bet, either they accumulate more games to win big amount of money or they risk more than they can afford to lose or they also refuse to cashout when they see a reasonable amount of money offered to them as cashout. Alot gamblers lose their bets because they want all the potential winning, meanwhile there's no guarantee to win a penny in gamble.

You have just made an important point and I agree to that. People often neglect the fact that they dont have money and the potential win amount on ticket is not theirs but just an illusion, but they allow greed to take a greater part of them by not seeing other opportunities to cashout when necessary. I have seen and heard of many people who later regretted of not cashing out when necessary, but however people will still fall for it since the quest to making money from gambling is high, there is a great tendency that more people will still not cash out after having the opportunity to do so, just because they want to tale all and not some. If not greediness I don't know what else to classify such character.

It is better not to put your attention too much on the potential win but everything depends on planning. Even if you think about the potential win but you plan well, you can still discipline yourself to gamble what you can afford to lose knowing that desperation will not help you achieve the target. Without putting mind on the target, there will no be much motivation to gamble after losses happen. So the target is a good motivation but it should not make us go beyond out budget to gamble.

Sometimes the reason why gamblers used to see there potential winning as there's is purely because of over confidence. They fail to understand that gambling is a game of luck and as such it will be wrong for any gambler to treat there  potential winning as there's. However, I have seen scenarios were the reverse of what you actually explained happen.

Even if you think like that, that potential win is still yours. But I don't think that it'll do bad or good to you if that's how you think. The money that you place on any sports or casino games, it's yours unless you did that for someone else and they are the owners of that money. Whether gamblers care about thinking on the potential win, that cannot be removed in our minds because we're always looking forward on how much we might win with our bets.

The potential for winning is something that is not certain - so take risks very wisely and you should only do it with an amount that you can afford to lose. It is unreasonable to expect big wins without considering the risk of losing - gambling is not just about winning, in fact the potential for losing should be considered more possible than winning. Such a method can prevent you from many bad things including disappointment over the final result of the bet.

True talk bro!! most gamblers think that way. i kind of have that mentality because I always try to get my stake back first before anything else it is good to be safe than sorry!!! At least when you have your capital safe!! then you can still play another day the real pain is losing it all just because of greed.  gambling is risky so at the end of the day I think everyone have their own style and strategy but protecting your money should come first.

If it had been the poor man(as you address him to be) won the potential winning of his bet, the whole story of these would have changed to, wait for the last game before cashing out.

The point is that many gamblers have won and lost their games in their last games. If a gambler refuses or takes their cash out before their last game, that's an individual choice or decision. Some gamblers can risk it, of waiting for the last game of their bet, while some can't do that. They are good with little money or huge money they are to make at the end of the day. As every one of us has different reasons and targets of gambling for the day

When you have money and want to gamble, don't think about winning first, instead consider the risk or change of loosing the bet for fun and if later it comes as a win, then you must have been lucky to have that, you will appreciate and cherish on such, while on the other end, if your mind already had been on a game you played all with the expectation that it should come as a win game, but you loose it, you're going to be disappointed and feel timid, forgetting that we should use our money wisely on gambling as according to what we can afford, so that if the worse happens, we remained unshakable.

It's a human nature to become blinded for possible potential profit because of greed (I am guilty too). Then will regret the decision if the outcome is not what you expected it to be. So in this situation, it depends on how confident the gambler to face the outcome regardless.

Because we can't expect it will be in favor to us thus it's better to be wise to cash out and enjoy the profit. Gambling is a game of luck even you're playing a skill-based games. Therefore be wise to not risk what you already have.

I agree because when a gambler gets greedier. This makes them to do more and bet for more even if they have a cash out that's already good enough. They don't do that and makes them to bet a lot when in fact there should be some profit taking that's already happening. Me, whether the financial status is good or not, as long as I've got the money ready to be taken, I'm taking it out and it doesn't matter what others are going to say or what my second thoughts will show. The important thing in gambling is that you should take your profits whenever you can.

That is why it is very important to check your pocket very well before you participate in gambling because when you are not financially capable and enough it will make you to be addicted in gambling and you will see a gambling as a source of income why gambling have never be a source of income to anyone instead of that gambling we make you to put your hand in a place that you are not supposed to put your hand, so gambling with target is the most thing that we are supposed to have a mind so that we cannot exceed our gambling limit especially weekly, because when you are gambling with all your income that will really affect you and it is what makes people to be addicted in gambling unknowingly

You are right, but we talk about stories differently when we are not the ones directly involved in this matter. Not all the money we are presented with for cashout means that we are bigger financially; sometimes it's just something of us following our instinct and not as if we don't want to follow the advice we get from others. Let's just take  this your thread  (https://bitcointalk.org/index.php?topic=5557369.msg65748847#msg65748847) For instance, you were very determined to wait till the gameplay was at the end even as your friend tried to convince you.

It will be misleading for someone to hope on potential win amount on your ticket forgetting that those are not real money but just an audio money. It will be better for us to face the reality that we have nothing atol and embrace the opportunity to cashout when necessary than to wait and hope for the unknown. I have fall for this type of temptation of wanting to see to the end, and I discovered that it was not good and I never tried it again. Now I take advantage of any slightest opportunity I have to withdraw my wining or cashout as fast as possible since the cashout option helps us to minimize the risk of losing all, so it's better we use that strategy to help us minimize the risk of losing always.

In your story, I think the man was just unlucky, that's all. I've seen people who cashed out and regretted it. I've a friend in a betting group who cashed out around $100 from his running game and used the money to bet on another game he deemed better, guess what! The second game lost and the game he cashed out on which was played by a friend of his who didn't cash out was reading a pot. Winning of $2000 and he was lamenting bitterly about the wrong decision he made.

He was just unlucky since he wanted to win very big. Gambling is a thing of mind, if you've the balls you can wait and attempt winning big, if you don't you can apply the damage control policy of cashing out early.

As a general rule, you should always have a designated budget allocated primarily for your gambling habits. If you go beyond that budget, then that should be the sign for you to stop. Not only does this act practice being financially responsible but it also keeps you grounded to reality.

With that being said, a gambler should always be mindful about their current finances every time they gamble. Instead of seeing this habit as a means of winning or profiting, you should always view this as a means of entertainment for yourself.


Like what most have mentioned, having a proper plan and executing it faithfully should keep you away from being addicted easily. Lots of gamblers get overwhelmed by the profit they receive that sometimes cloud their judgement resulting in a loss in the long-run.

OP you're completely making good points here.

We ought to think of our financial status first whenever we have a huge cashout. Most times the cash out offer is probably an amount a particular individual have never seen before even his yearly pay is not up to that amount. Also, we should also consider what problem the cash out offer can solve for us instead of looking at the potential win.

The problem with these stories is that people do not make conscious rational decisions; they let themselves be carried away by their emotions.


You may think that today, but come Friday, you could go on a gambling spree. It's not uncommon for that to happen. People get carried away.

No doubt people get carried away easily, but as for me, I have grown thick skin when it comes to making rational decisions. I may not be 100% discipline but I dont get carried away by uncertain payout. If the cash out is comfortable for me, I will cashout. Thats final.

Yeah, this is true alot of people easily get carried away during this process. As most of them will start calculating how long it will go if they end up getting the potential outcome at the same time considering the amount that is been offered to them as cash out. Before you know greed will just kick in, and they would rather hold on to it to get the full potential return without minding thier financial status. And yeah this has happened to several gamblers especially those who are not financially balance, they see everything as life changing opportunity.

Money becomes yours` when you withdraw it. In my strategy i have money only for 2-3 bets on deposit, all money, that i win - i withdraw. When i make a bet, i mark it as expenses. I calculate profit only when i withdraw it.
The worst thing that you can do is too think about potential profit and plan how to spend it.
Also, if you a poor man - it would be better to use money for something more useful with less risks.

Perhaps to some it better come as a whole than part and this logic makes them to loss more, while some getting half bread is better than a full loaf, it’s a matter of individual preference but then do I have to loss for any reason after getting a potential cash out? Nahhh! would better take that and try more times. Truth is man in the store my is going to ever live in the regret of that action.

I get your point but a lot of people who gamble for money do think about their financial situation and in fact they think that if their financial situation is so bad they can improve it by gambling and winning big. They are that point of desperation where they have so little that they think they don’t have much to lose anymore.

Anyone that thinks their financial situation is bad and want to improve it but doesn’t cash out on an amount that is  life changing compared to the amount they own that person is actually not thinking about their financial condition.
Even in the midst of desperation to make your financial situation better you should still consider you uncertain chance of winning a bet a cash out is life line you can use to go with something.

Just like the man lost out on everything, so many other gamblers have also lost in regret. I have witnessed someone losing out on $1,000 because his potential is $5,100.

However in my area, some gamblers who vowed not to use cash out because of the potential that they finally lost at the end of the day when the bet they cashed out on eventually became successful are beginning to have a change of mind to use it as they have lost many cash out on a game that they later lost because they were focusing on their potential. Potential is just an audio money, it does not get to you until all games have turned out into your favour and many times you will lose. So why don't gamblers take what has been giving to them and move on to another bet but greed is one factor that doesn't allow gamblers to turn down on the potential winning. And some want to prove that they know how to analyze and predict games which should not matter to allow your cash out disappear for ever.

You are right OP. If all gamblers when gambling consider their financial status at that moment, I believe that majority of them will appreciate their little profits and limit their losses. Of course, it's the money in your casino account that is yours and not the one on your bet slip which is the main reason whenever, I see a cashout offer on parlay bet, I don't think twice but cashout to avoid story that touches.

However, greed can make a poor gambler to ignore the cashout offer because he has the dream of winning big and transform his standard of living with his bet but that's all illusion on your bet because the last game might end up cutting your slip.

Op really shared a unique approach, the financial status has to be placed first, before potential win, I wouldn't add that greed is the reason for waiting for the potential win to actualize. However, risking everything knowing fully well that losing it all would lead to a harsh regret days after, due to the current financial status and responsibilities that would have been met with the cash out, it'll be nice to pick up the offered money and balance strong financial needs.

Because the potential win is not yet yours, take what's yours and leave, instead of losing it all entirely. Then, people who are sure of their financial status can aswell wait for the potential win. Lossing it won't be painful.

This is why gambling is more dangerous to people that are poor and that reason for that is because they can go to any length to make sure that they achieve financial stability through gambling. People in this category don't gamble for fun they only gamble to make money desperately. Gambling doesnt really work that way. If you focus on making it a source of income it's only going to make you lose the little you have

And many lives in regret because of their wrong action when they're able to take that out and cash out but they don't do it.
They tend to bet for more and ask for more because they are not contented.
Someone's financial status is what makes them to crave for more but, they also don't realize that more people are losing it because they are not disciplined.

It is really what gamblers need to consider while gambling because potential wins are not always certain. Many gamblers always fixate on the potential win as something very certain, and they miss the opportunity to cash out while gambling.

 Gambling is a game, and it is important for gamblers not to always think about winning the overall amount because the opportunity to cash out while the game is still going on may not come again.

Its a good point, first one should secure their financial position and then decide on betting. If someone is getting money regularly through a job they shouls not leave it but make sure it goes upwards in the corporate ladder and that money can be used to pay for needs which may include gambling.

But securing the first takes priority. Those who try to sell assets in order to get money to gamble make a poor choice.

You don't have to think about financial status when gambling. If  you see the potential win, you should take it and leave gambling. You can win full money in the match so cashing out when available is better to do. If you can wisely, you will not think about your financial status but will take the opportunity to get the money.

Gambling should be for fun so when the cash out is available, you should not take too long to click on that. Gambling is supposed to be for fun and not to make money but if you have a chance to make money when the cash out shows up, you can take it.

You are saying absolutely right things, but unfortunately, our human nature is such that we always want to believe in the good. Therefore, bookmakers, as well as online casinos, take advantage of this and it confuses us with our analytical component and we begin to feel with our heart and emotions, which, of course, is very bad in any world where analytics and calculation of chances are needed.

it's easy to judge yourself when you get a chance like this and then lose it. you think, “what if i had cashed out?”

but when you have the chance to win something much bigger, especially when you have the chance to win such a large amount of money, i don't think any gambler would settle for a 10% win. that goes directly against the nature of gambling.

That’s why it’s very important to only gamble what you can afford to lose. It’s not bad to dream or wish for a big win, let’s admit it, that’s what we all want in gambling, but we shouldn’t dwell on it too much, because it will only lead to destruction instead of focusing on the game. The story clearly shows he let his emotions take over instead of cashing out. Greed consumed his mind. It’s like he was given a meter but wanted to take a mile. Well, some gamblers really don’t have contentment, especially when they’re faced with the very thing they’ve been dreaming of.

You can actually think of both, but first you need to look at your own status. There’s a simple rule we should follow: only gamble what you can afford to lose. By checking your financial situation, you’ll know if you’re capable or not (just be honest with yourself).

After that, then you gamble - it’s fine to aim high, but we shouldn’t forget our limits. That’s what we call responsible gambling. And really, gambling is for anyone who can afford it, whether poor or rich, because these days it’s not even that expensive. You can gamble with less than a dollar and still enjoy it.

I tell you there's much need to pay close attention to ones financial status other than a win in gambling, it gives a special confidence of gambling safe but alot of gamblers tend to neglect the issue of setting their financial status as a priority. This is a thing of decision provided your gambling responsibly you would take heed of the signs of when to go in or not.

There are many such stories, usually caused by past cases where a player cashed out too quickly, even though if he had continued to trust his slip, it would have been completely correct. @OP, if you're truly a compulsive gambler, you can certainly relate to that guy decision to cash out or continue his streak. I can relate, having been at least once a compulsive gambler.

It's quite understandable that many people gamble, and many are confident that they can win big on a single bet. However, this often leads to addiction, making it difficult to break free, and ultimately ruining their finances because most of their money is spent on gambling.
Therefore, we must be self-aware. Betting within our means is the right behavior. For those who bet beyond their means, gambling is no longer just entertainment but rather a means of profit.

Unfortunately many gamblers will end up with like him, I watched the video you post OP and under the comment section many people are still believing that they will do it right and become luckier than him.

The day you mixed financial freedom with gambling is the day you cursed yourself because it's not going to happen and you will spend years of your life wasted with nothing to show for it.

If you like yourself so much make sure you don't conclude or make up your mind on how much you have to win in gambling before you feel satisfied, it's like a dooms day reckoning on your dumb head.

Gambling is a full of risk so people wanted to risk what they have with a short term phae which is they seeing that in playing gambling even though those money are their last sort of living, which is this part is against with me because you need to consider first the state of what are your current financial status, do you cater your needs and wants, how much extra you are earning because thats the point you can consider you can play a gambling for a potential earning now if you doesnt have any kind of these and even source of income and that just one time money do you have ended up lossing you will back to zero days again. Nothing. And wondering how are you now.

Thats smart thinking. The money you see as possible winnings isn’t really yours yet, it’s just numbers until the bet is over. A lot of people make the mistake of thinking it’s already theirs and push too far, just like the guy in the story. At the end of the day, your real life situation is more important than chasing the biggest payout  sometimes taking a sure win is the smarter choice.

This story reminds me of a time I was betting on soccer on a reputable betting site when all major leagues were on break. I was betting on a league I wasn't familiar with after winning my previous two bets. I was eager to increase my winnings and was tempted by the potential victory of my chosen team, which was also favored and guaranteed to win. However, after my team was already leading 1-0 and nearing the end of the match, the opposing team scored, equalizing the score. It was incredibly frustrating, disappointing, and regrettable, but I had to accept it with grace. It also taught me not to be tempted and overconfident, as anything can happen unexpectedly in betting outcomes. I should be grateful for those two memories, and I should have capitalized on them and avoided being tempted in the third match.

Yes, if you follow your financial status, you can often control your emotions. Gambling sites make you lose as much as you win. This happens for all types of games. However, our mind is such that we do not keep big losses but keep small wins in mind and continue gambling.

No matter what your financial status is, if you want to gamble, it is not in your mind. Then tension is created in your mind and panic sets in. To tell the truth, I am currently in debt of $1800, but I do not stop gambling. Sometimes I lose $100-200, but if I had lent that money, the amount of the debt would have been reduced. Gambling is actually a different thing that roots the mind.

There are many things that make me decide to cash out or leave the game and it has little to do with being a compulsive gambler. If I have a running game that span five days to one week and 90% of the games have played, even if I'm offered 70% of the payout, I will cash it out if the remaining games gives me any form of doubt. But if the remaining games are the games I have more confidence in, I can risk letting it to finish. The most important thing in gambling is ensuring you gamble within your financial limits and whatever you are gambling with is something you can lose without being depressed.

Some people are still going into gambling with greedy mind set, that will make them to loose the little one that would have lead them to a bigger winning, when you Play many games and some are going to the right direction to favour you, you can take the risk not to cash out quick because you know you can't lose all the games that is going to the right direction to favour you at the end,  but in my own case, Once I bet in a particular game, I don't cash out until I see the end of the game, and i don't regret when the game fail or successful because i always believed either you win or lose in gambling which some gamblers don't have that mind set before going into gambling these days, and any one you prefer to choose, make sure your winning is high than your losing which is the only thing that will make people to be happy with you when they hear your gambling story.

You're correct, you know people take unnecessary and unrealistic risk, i have seen some bet slips owned by some gamblers that I think that's unrealistic with good cashout but you know what some of them will still want to allow all the selections to end and as the wait the slip may cut, I know is there decision but how smart is such decision, some say something like since they know that no gamber knows the game that will come, they'll have to risk it to the end without cashing but the same people will start regretting as soon as the slip cut, dude i think what you said is very right, it should be all about what you can let go which is your risk tolerance that matters.

They are supposed to lose the little one but they actually lose bigger because they don't realize the fact. That is normal because they become greedy and do not think or calculate how much money they used before. They just follow their guts to keep playing without seeing that they have already lost. But if we have a chance to cash out, we should get it before it is gone and make us regret it. We can not let that happen without taking advantage of the situation, especially since we can not accurately predict. Besides that, the match can change so when we see the cash out option available, we can take it. That will not be a matter if the potential win is not much because we can place in the other matches and that still gives us more chances to win.

That imagination sometimes even grows into greed and these gamblers do not know because for them the fantasy of eventually winning that money is even at that point more important than for them to get that which they can at the moment considering their financial status like you did mentioned. i love the fact that you had to point out that the money is not your own yet but just figures printed on those papers or tickets and until you win and its been paid to your account it is not yours yet but some people will even go as far as budgeting such funds already.

If anyone thinks that he can take one single bet with going all in and putting all his money in their bet and think that he will become rich because he will win that bet then I'm afraid he's going to lose it.

No doubt gambling is risky but when gamblers do such foolish things it shows how desperate they are to get quick money but doing so they will only add disappointment and they will lose money and become frustrated. I don't understand why people believe in the success stories where one person win jackpots those are such once in a blue moon.

Right.. Sometimes, taking a sure win is actually the smarter choice. Like in the case of the man described by the OP, the choice to cash out would have been better and he would still have won some good money too. I don't know if I should say it's cause of greed or the man was extremeey hopeful seeing as most of the games he bet on had already been played and he won on those games.
People fail to realize, perhaps having an unrealistic level of hope that the potential amount to be gotten after placing a bet can also be lost. The man in the stroy relayed by the OP should have considered his present financial predicament and taken the nice sum given when he had the opportunity to do so. He would have been better off.

Not a bad story at all. He made a good call in my estimation. He did what he thought was right and knew the risks and consequences involved. We should not judge him. What if the story was the other way around, we would probably be saying he made a great call. It is a lesson for him and not for us. Gambling is not for making money per say it is for fun and if he had fun which he sought, then that is fine in my own opinion. Maybe the next time, he would decide to cash out. Nobody can tell and that would not make the news.

Many people believe in high risk thing because from their belief everything has a risk, I agree with that, but they're too risk taker. I think it's better to build from step to step rather than getting a jackpot after being broke for many years.

Because when we build our wealth from step to step, it make us to learn how to make decision and know thing good-bad.

Someone who have never manage a lot of money will shock after they get it.

There are levels of being poor, and not all poor people think the same way. A poor person with disciplined mindset knows when to make right decisions. Gambling is always about the uncertain till it happens to become certain. Until the game has ended there is no certainty of rewards, every gambler with experience about such turnover will know that taking cashout is far better than relying in probability of ending the whole bet.

I have known the poor to take more risk than the rich in gambling, it's always been hitting big profits with minor deposit plus high risk.

When talking about financial status, it means referring to the economic position of individuals or groups, indicating the level of income, wealth owned, and ability to access financial resources (https://library.fiveable.me/key-terms/ap-hug/financial-status). However, what we are talking about here is individuals, who should be aware of their financial situation or condition. So, I think every bettor or gambler should be aware of this when gambling, especially when someone's financial condition is not good, and there is a moment for him to cash out, then it is best to do it immediately to avoid regret when bad luck occurs.

But unfortunately, from the external sources you mentioned, I saw some comments that seemed to not understand how important this is, I even saw some saying that real gamblers don't cash out, even though in fact winning in a gambling session is about when someone successfully cashes out, even though in the future they will still have gambling sessions, but this is done for the sake of sanity when gambling, especially to save his finances.

The whole truth is that, if a cashout option is available for an amount greater than the staked amount should be cashed out immediately, there shouldn't be greed when dealing with this kind of opportunity, also, of a gambler is looking at the potential win to be completely available, then that's a bad attitude towards gambling.

It depends on the bettor, I've seen a couple of threads on this forum that condemns cashing out, they say that they will rather see the game through to the last. I think that if a bettor is given the option of cash out they should consider it seriously, firstly they should think whether they need money urgently. If they are in dire need of money it will be a good financial decision to take it because failure to do so they might lose everything. However if you used a small amount that you can afford to loose and you're not in dire need you can wait till the end of the game.

What most people care about is their potential win they hardly see it from another angle that the potential win can still be a potential loss too , that's why one have to be conscious, and be ready to always risk what they can afford to lose rather than fixing their mind in that potential win and try all means to achieve it . Most time can lead to one making rash decisions and making reckless move when comes to gambling.

Some times a lot of gamblers decide to take some big risk because they feel like it's just their lucky may be it's not going to happen like that day again and you can't totally blame them.

Some poor people have been affected by poverty it made them to see every opportunity as an avenue to make it once that's why some of them end up losing everything when they fail to get it done step by step.

You already made a good point a poor man can't handle big money that's how they can't handle opportunities too when they come across one.

Many gamblers don't care about losing money because that's the risk of gambling, but they do care about the potential winnings, which is why they strive to maximize their winnings. All gamblers have considered their own risks, but if gambling puts you under pressure, don't gamble. Gamble for fun or gamble for money, we both ultimately risk losing money. Of course, we must set limits and be aware of our financial limitations, so we must still have realistic expectations.

Big risks for big wins, of course, but sometimes one can still lose a lot on low-risk bets. Winning at gambling is highly uncertain even if we believe it's possible, so we need to have limits so we don't get greedy just because there's a big chance.

I could remembered the last time I was making Prediction I keep accumulating odds to a point where I feel that the odds is enough, then when I checked the potential win it was around $1m ;D it was as if I'm still dreaming then  had to reduce the odds because the potential win is not something I should be hoping to get, I'm not this set of gamblers that aim High while gambling And I don't care if I lose or not.

 even though some people may be having higher expectations while gambling but I'm not that type of gamblers, and having higher expectations can make one to lose more often because without accumulating odds you won't get higher returns unless you will have to stake high.

If I care for the potential winning that I haven't seen what will stop me from caring for the one I have already? If I do not care for my money it makes me feel like I am gamble irresponsibly. The whole point of this is to gamble responsible so I will always think about the money I have before I think of the ones I haven't yet seen.
The potential winning is not even a potential loss, the potential losses are the money you used to stake to get the potential winning. Potential winning are something you don't have control over, you only have control on the amount you want to bet with. You can chose to stake big or small because you can control the money.

They show you the potential win to make you feel like you have that amount in your pocket; I think it's a common feeling, to see the result as yours.
It could just be a feeling, since you play to win, and just by placing that bet you start to think about what you would do with the potential win, but the bitter taste comes later when you don't make any wins and you're disappointed.
If you gamble, consider your current financial situation only to see if you can afford to play; don't think about the result and take it for what it is—a game where you win and where you lose.

I will always say it that once you have something huge tangible beyond your wager then just cash it out. The cashing out feature is two sided though but the casino will always payout anyways just that they benefit more if the game later comes in for you. Nevertheless , if you hit a huge win with the cash-out  open, don’t think twice just do it  :D..part of the win can be used to win multiple bets than just losing it at the end

So it means that casinos provide everyone an opportunity to become financially stable, but it's their own emotions that keep them poor and losers. I was thinking that casinos just drain money from the users, but actually, they are doing their work with more clarity, giving them a way to become rich. However, they are not happy with what they have, and then the casinos take that money back.

Remember, you are not a slave, you are the owner, so don't let your emotions lead you. Keep them below your head and make decisions based on reality, not imagination. If he keeps that money and comes out, he will get rid of many problems, and still, he will have some left for his next day of betting. But that user was a slave, and he got rid of everything in a single moment, and yeah, he lost all that winning money.

My principle is that, once my cash out balance move up to 50% or above, I will go ahead to cash it out, I am not so interested in the total winning amount, since it's not mind until the final whistle is blown, unlike some who get so greedy with their bet, their already fix their minds on their potential winnings and this affects them when making decisions.

There's nothing like the win is a guarantee one, always cash out when the option is available. Having small payouts from multiple cash out is better them losing because of having faith on a bet. All bets chances of winning are under probability so when you see a way inwhich you get something from the bet, don't throw away that chance. When gamblers allow the potential victory they'll be receiving if they win get over their head, they make wrong choices so that shouldn't be the situation we find ourselves we should always be in control our emotions in all situations.

The decision of cashing out is left for the gambler that own the bet, greedy gamblers exist infact there are people that don't want to hear anything that relates to cashout, I have a friend that has lost money severally to this cashout is either when he will evening a good amount to play to the end at process of waiting, he will lose everything or when he cashout the the slip will finally come, so he decide to start allowing the game to finish, he has win in some of occasions but one good thing about all this is that he's the one making making the decision.

Nice catch, Joy, yeah that possible win isn't really yours until you cash it out. Cashing out can secure your gain and also reduce losses, if you dont go through this process according it also pushes you to bet bigger and regret it later. i have seen many times when casino let you withdraw unlimited and find easier bet you will get confidance to place bigger bet. actually it is not confidence, I can't call it anything other than greed. So it's better to have a precommit rule or just do a careful partial withdrawal of money if the payout is really a big deal for your pocket. I'll protect my money , not the fantasy lol.

Regards

Duke

Sometimes many gamblers really push their luck to the end in the hope that if they wait a little longer, their current profits will be even greater, but they don't realize that luck can disappear in the blink of an eye from before them, if they are too greedy, and don't appreciate what is in front of their eyes, then in the end they will get nothing. just like this gambler, he thought that if he kept pushing his luck, he could get more money, but his greed ultimately left him with nothing, and in the end he regretted his decision not to cash out immediately when he had the chance to.

There's no need to worry about that, because I believe it's highly likely we'll lose, as the odds of losing are relatively lower for all players than the odds of winning. Therefore, we should be able to accept defeat. This acceptance allows us to avoid greater losses or more aggressive gambling.
While it's true that some players achieve big wins, I'm not sure they can achieve them consistently, even once a month. Luck is the key. Even if luck is always on our side, winning consistently is quite impossible, isn't it? Especially consistently.

I think every gambler realizes this when they win big or small. I think what destroys them is their greed and overconfidence when they win. In this case, a wise strategy is to use some of the winnings that have been withdrawn or secure your capital first and avoid the risk of losing everything if you continue playing. However, in gambling luck can change quickly, and there is no guarantee of continuous winnings. Therefore, discipline and self-control are very important to maintain the victory that has been achieved.

I don't see anything wrong with having the feeling that you would get the potential win. That's the feeling of the gamblers since we all play to win. Sometimes I begin to visualise the things I would buy if the game plays as I predicted. But it becomes a problem when you start spending more than your income because you assume that your bet is sure. It could lead to trouble when you borrow money to bet because you think that the bet is sure. Losing at this time might become frustrating. Mere wishing or visualising you wins causes no harm until you begin to make wrong decisions.     

Some gamblers are high-risk takers. These always go for the big wins, so cashing out is not an option. They are aware that the higher the risk, the bigger the win. I see gambling wins as payback for the money I have lost. Instead of putting them back into gambling, I prefer to use them to take care of my needs.

Grabbing the profit, once it's above the wagered amount and meaningful enough to settle few or more financial needs, then it's not a complete loss. Games change, and when luck shows a green light, it'll not be steadily rewarding to assume it'll stay greenish till the game completes, one team might cut the ticket, which is annoying.

I agree with that.

If there's an opportunity to get money, then we'd better take it. We can press the cashout button if we badly need it, and we can just ignore the rest of the game results so that we won't feel frustrated.
I have done this many times because I needed the money so I could bet on more games. Plus, I am just increasing my wagered amount, so whenever I see an opportunity to take a win like x3-x5, then I will cash out. There's no need to be greedy and complete the results if we can actually make money just by pressing one button.

Have big dreams, it's in human nature which are filled by solid strategy and an understanding of risk without having any strategy and playing for big always brings downfall drastically because gambling is unpredictable and it's also been proven that long-term success is never guaranteed.
I've read a few good suggestions from people who have won and they advise you to know when to exit and try to keep things in balance with controlling your emotions in gambling. Keeping your financial status balanced has never been easy but it's possible people who win are often successful because their greediness gets the best of them.

The new generation needs good awareness because they're mostly doing senseless things that aren't favorable for them mainly due to the influence of social media they jump and fall down badly because they're chasing quick riches, which is never possible.

For me following sports in one expect and gambling on it is another expect. I mostly gamble on the sports I'm closely following but doing so, my intention from the bet is to have profit. If I see potential counter bets that could yield me better result, I might take it. Like in a game where I bet for a team to win x3 something while during live, I got x5 for another team, considering I won't lose on any result, I  bet on the x5 chance and at last won from the x5 bet.
Similarly when I get more money than I have bet for before the result, I take it. I don't know how they work but sometimes the cashout they provide is good compared to risk I'll be taking in rest of the game.

Potential winning can only be yours when all you predicted games went as plan, some gamblers already see their potential win as there own which is bad when the game hasn't played, what makes gamblers loss entirely everything when gambling is greed when am been given a reasonable amount to cash i always make use the cash out button to make sure i never lost entirely no matter the game that is remaining as long as no game is sure as long as football or gambling is involved so i can have another staking power to bet another game.

There is no bet in gambling that is 100% guaranteed to win, even if I saw a match like in your example, when Real will play against a weak team from the fourth division, I would think that there could be some kind of catch, and if I made a bet, then as small as always, I would definitely not increase the bet even if I thought that Real's victory in this match was almost guaranteed. When a player is more confident in some bets compared to others, this can play a cruel joke on him.

First of all, we should know our qualifications. If we don't know what we will do with the amount of money to get, you will not be able to use that money properly. This is exactly what happened in the case of the poor man. He got more money than he expected. He should have cashed out and met his basic needs. I think he tried to make double the amount he got with the money he got. He was addicted. Being overly greedy got his results at the end of the day. The decision to cash out the remaining amount after winning in a short amount of money for the next betting seems very potential to me and that is what I actually do. My reasoning for this is that if I take the second bet the chances of losing are high, even though I bet on the best team it can create a reverse situation for me so I separate the profit and enjoy it and meet my needs.

It's more easier say than done, everyone becomes an advisor when it comes to third party situation but will never follow the same advice they give out in public. This is how most financial advisors mislead people into making decisions they would not take themselves.

OP same way you believed and didn't cashout on your game was the same way the guy on Instagram did too but unfortunately for him he lost unlike you. Similar situations, different outcomes. I heard of someone on X who lost 20m on cashout chasing 50m and that was someone who hasn't seen 20m in his entire life. That's greed.

With any form of gambling, the risk of losing is always greater than the chance of winning. For example, in sports betting, where a strong team plays a weak team, many people may be confident in betting on the stronger team, but that doesn't mean they can't lose.
Regardless, when gambling, it's best to consider your betting capabilities, such as betting within your means, and not wagering beyond your means, which could significantly impact your finances.

Once you gamble and start considering your potential win and decide to bet more than on what you can afford to lose, you are already at loss. Why? Because you have already release a good amount and that’s considered a loss, while you don’t have any guarantee if you will win and make good returns.

The moment you gamble, you are already losing your money. And worst is, if you still keep betting regardless of your consecutive losses because you’re still hoping to hit a big win, you are not a wise gambler, but a stupid one.

You are right but what if the game entered would they have brought up this thread? The answer No and so sometimes it is not just about status because when we say someone is poor, it can be relative in the sense that the person can be poor in some areas while rich in some areas though I know greed is something we human being need to care of because it can cause a lot of things. And if the person is totally poor in all aspects and sees that kind of opportunity to cash out a good amount of money and refused to then he should be ready to face and bare the outcome of his action although it is always a very hard decision to make or take when someone played like 12-15 games in a ticket and it is just remaining one, cashing out knowing how big the potential is, don't use to be easy so I don't actually blame the person.

That’s the hard part—when their mindset is already fixed on winning big amounts through gambling on whatever online casino platform they enter. Of course,
their minds are already closed to the belief that they will only experience winnings when they gamble, when in reality, that’s not the case.

It’s also difficult when their minds are closed to the idea that gambling has become their only remaining hope to escape poverty. Because of this, they no longer see how much effort and money they are actually sacrificing just to be able to gamble.

In such a situation where I have seen a huge cash out but still expecting the very huge potential win, what I will do is to take the cash out, after which, I will use some of the money to still stake on the game. Another thing that I used to do is to place the bet in different places, while the game is playing, I can take cash out on one of the ticket and then allow the second one to run to the end. There are special games that I feel very certain to apply this method because I know how it can be at time. When you want to wait for potential winning, you can miss our  big am out too.

What the person loses is the money used to bet, not the potential winnings that he can cash out. Even if he chooses to cash out, there is still a chance he will lose everything due to greed and not wanting to stop playing, as this is often experienced by players who are too excited because of winning.


Always use money that we can afford to lose so that when we choose to cash out or not the loss is an amount that we can afford to bear.

I've also been using this strategy when I make my multi-bet bets and place many teams. As soon as I see that the profit exceeds 3x, I prefer to use the cashout option. I've been using another rule: after using the cashout option, I don't look at the results of the remaining games. This is to avoid feeling guilty if I've won all the remaining games. There was a time when I had made a parlay with 10 games, I won 8 games, and I cashed out because I didn't want to be greedy.

It turns out that later I got curious and went to see how my multi-bet was going and discovered that after all, I could have won the remaining games, and with that, I would have made a big profit. At that moment, I got angry with myself and created the rule that I shouldn't watch the remaining games after I cashed out.

There are people who aren't content with what they have or what they've achieved, and they crave more and more. In my opinion, he was greedy. Luck smiled upon him, and he thought it would continue to smile, typical of someone lacking the emotional control to manage small victories. One day at a time, friends, and the benefits will surely be greater...

Sometimes it’s greed; sometimes it’s just the gambler trying to believe in himself more than just giving in to the cash-out option that the casino offers to them. Even as there is no sure game, there are some left games which can appear very decided, which, as the predictor, you can’t just accept the fact that it won’t play. You just have to wait till it plays to the end and take the risk. We know no risk, no reward, but there are times when we have to accept it all.