Which is easier, stop when you are winning or stop when you are losing?

[South Park]

When something happens so often that it gets its own name then it should be obvious which of the two options given by the OP is easier, I have never heard of people chasing winners but I have heard and see a lot of people chasing their losses, they simply cannot admit they lost money to the casino even if it is a mathematical certainty that if you play a game with a negative expectation for the long term that you are going to lose money, for some reason they are unable to accept this fact and they keep chasing their losses regardless of it.

For the fairness' sake, I must say that it is currently unknown, for how long one should play so that the house edge would certainly overweigh any possible luck. With millions of bets made, house edge would definitely show itself, but we can't say the same about, say, 400-500 bets.

"Chasing losses" is a bad practice overall, because it nudges you on the path of an addicted gambler, but I wouldn't say that winning with that is against math.

You are talking about the law of large numbers and you are right but it is not rare at all to find gamblers that have made hundreds of thousands of bets on dice games and as such to desire to see anything different but the expected probabilities is a mistake, anomalies happen from time to time but when you gamble so much those anomalies will even out, still chasing losses is not a desired behaviour at all because even if you were to recover your money in that instance the next time it happens the gambler will have a tendency to do the same and next time his results may not be as positive.

[Betwrong]

When something happens so often that it gets its own name then it should be obvious which of the two options given by the OP is easier, I have never heard of people chasing winners but I have heard and see a lot of people chasing their losses, they simply cannot admit they lost money to the casino even if it is a mathematical certainty that if you play a game with a negative expectation for the long term that you are going to lose money, for some reason they are unable to accept this fact and they keep chasing their losses regardless of it.

For the fairness' sake, I must say that it is currently unknown, for how long one should play so that the house edge would certainly overweigh any possible luck. With millions of bets made, house edge would definitely show itself, but we can't say the same about, say, 400-500 bets.

"Chasing losses" is a bad practice overall, because it nudges you on the path of an addicted gambler, but I wouldn't say that winning with that is against math.

You are talking about the law of large numbers and you are right but it is not rare at all to find gamblers that have made hundreds of thousands of bets on dice games and as such to desire to see anything different but the expected probabilities is a mistake, anomalies happen from time to time but when you gamble so much those anomalies will even out, still chasing losses is not a desired behaviour at all because even if you were to recover your money in that instance the next time it happens the gambler will have a tendency to do the same and next time his results may not be as positive.

I absolutely agree with you on this one. To me, chasing losses, or borrowing money for gambling, or gambling in order to pay out a debt, are almost the same things, and they are unacceptable, because in most cases they lead to misery. But math is an exact science, and when we say that there's a mathematical certainty of something happening, we must specify, during what period of time, or within how many tries.

[Kupid002]

It's easier for me to stop when I'm losing and seeing my money came to loss easily. But sometimes I just depend on the situation when I know I can manage the game and my mindset is to bring back what I've loss. Sometimes I've manage to win even in the start I loss a little amount of money. I know it's my day.
Sometimes I invited my friends so that if I lose my track, they are there to advise me to stop if I loss a lot. Losing a lot my lead us to being greedy in gambling and resulting for being addicted.

Well if you lose you dont have any other option than to stop unless you still have capital to play again.
If  i am the players and in the winning side it will hard for me to stop i will just secured profit and will continue playing until  im satisfied playing.

[ethereumhunter]

It's easier for me to stop when I'm losing and seeing my money came to loss easily. But sometimes I just depend on the situation when I know I can manage the game and my mindset is to bring back what I've loss. Sometimes I've manage to win even in the start I loss a little amount of money. I know it's my day.
Sometimes I invited my friends so that if I lose my track, they are there to advise me to stop if I loss a lot. Losing a lot my lead us to being greedy in gambling and resulting for being addicted.

Well if you lose you dont have any other option than to stop unless you still have capital to play again.
If  i am the players and in the winning side it will hard for me to stop i will just secured profit and will continue playing until  im satisfied playing.

It is better to stop if we don't have any money and don't even try to borrow the money because that will give you another problem. I think you should try to control yourself so when you win, you can stop it right away, and you can save the winning money for another thing. It is better to take the profit and withdraw it while you can because you will have not a chance in the future if you continue playing gambling.

[gandame]

In my experience, I find it hard to stop when you are winning. I feel very lucky so I can't stop from playing, I continue until I am satisfied but that is also when I realize that I have no more funds to bet.
Some may find it easy to stop when you win, but most of the time, being greedy is the one that make you continue from playing.

[bitcoinst]

It's easier for me to stop when I'm losing and seeing my money came to loss easily. But sometimes I just depend on the situation when I know I can manage the game and my mindset is to bring back what I've loss. Sometimes I've manage to win even in the start I loss a little amount of money. I know it's my day.
Sometimes I invited my friends so that if I lose my track, they are there to advise me to stop if I loss a lot. Losing a lot my lead us to being greedy in gambling and resulting for being addicted.

You said quite controversial things. You continue to play while luck favors you, but at some point you find that you no longer have funds to bet.
Thus, we can assume that at some point you start to lose and therefore try to win back, which ultimately leads to the loss of all money.

In other words, specifically in your case, it is more difficult for you to stop both during a successful outcome of events and during your loss.

[butcherme]

Of course stop when you are losing, because most of the gambler can't stop when they won.
They still have money to gamble but when you are losing it is easier to stop because you don't have enough money to bet.

[mbakruroh]

I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

This is why leave gambling so hard and they chose to stay for more winning. Every gambler will break his rules and limit if can't control his emotion, revenge first loan later. Stop is about mindset and family ( society ), you need both to stop. If you choose stop after win/ loss I'm sure you'll come again, stop is stop and leave forever.

[Darker45]

I like to know your opinion about the question because I believe every gambler has a different way of managing himself.

My answer to the question is I can easily stop when I am winning because I am afraid I might end up with nothing since I know to myself that I am not yet consistent enough to win in gambling, however, based on my experience, I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

Do we have the same attitude or not?

Same here. Stopping with a prize or profit is a lot easier than stopping with a loss. The feeling to get back, to try recovering the lost money, is far stronger than the feeling of wanting to continue playing for more prizes because there is always the anxiety that what was already won might be lost as far as the latter is concerned.

But the easiest is stopping when finally losing after a long winning streak. That, to me, is a very easy decision to make.

[bitcoinst]

I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

This is why leave gambling so hard and they chose to stay for more winning. Every gambler will break his rules and limit if can't control his emotion, revenge first loan later. Stop is about mindset and family ( society ), you need both to stop. If you choose stop after win/ loss I'm sure you'll come again, stop is stop and leave forever.

Therefore, professional gambling players simply need plans and strategies full of restrictions and limits.
Thus, the player eliminates the role of emotions during the game session due to the fact that follows a strict, simple, and understandable plan.
The vast majority of players use such strategies, therefore the level of gamblers is so high.

[onrise]

I like to know your opinion about the question because I believe every gambler has a different way of managing himself.

My answer to the question is I can easily stop when I am winning because I am afraid I might end up with nothing since I know to myself that I am not yet consistent enough to win in gambling, however, based on my experience, I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

Do we have the same attitude or not?

Same here. Stopping with a prize or profit is a lot easier than stopping with a loss. The feeling to get back, to try recovering the lost money, is far stronger than the feeling of wanting to continue playing for more prizes because there is always the anxiety that what was already won might be lost as far as the latter is concerned.

But the easiest is stopping when finally losing after a long winning streak. That, to me, is a very easy decision to make.

I also believe the same and even experienced it that when you have money you can quit as you are going with a Happy mood rather than sad of losing money and more for people who’s are addicted to it and cannot stay without it or only gamble to make money from it . When on losing mode you always play to win to recover that lost money so not an easy to stop gambling at that point .

[bassbity]

Therefore, professional gambling players simply need plans and strategies full of restrictions and limits.
Thus, the player eliminates the role of emotions during the game session due to the fact that follows a strict, simple, and understandable plan.
The vast majority of players use such strategies, therefore the level of gamblers is so high.

Professional gamblers know when to gamble and implement their strategies he does not carelessly play and see the gaps and how to play, so gamblers always do the most important thing before gambling.
But it seems we are difficult to become a professional gambler because we have to capital big money and can back up when losing in gambling.

[lienfaye]

I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

It might because of the eagerness to recover what you have lost. Even we set a limit on how much to spend for the duration we're going play sometimes we dont follow it. Losing the money is depressing thats why its hard to stop and in the end you have this regrets why you gamble the money instead of spending it to buy food or other important things. But we have different way how to handle such situation and it depends on the mindset of a gambler. Its much easier to stop if you win rather than if you lose.

[Gheka]

I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

It might because of the eagerness to recover what you have lost. Even we set a limit on how much to spend for the duration we're going play sometimes we dont follow it. Losing the money is depressing thats why its hard to stop and in the end you have this regrets why you gamble the money instead of spending it to buy food or other important things. But we have different way how to handle such situation and it depends on the mindset of a gambler. Its much easier to stop if you win rather than if you lose.

Agree, the odds of stopping when we win will probably be higher because at least in this situation, our eagerness can still be controlled when we start losing again, happy mood and profit are always a good point for us to handle situations and make the best decisions. While in the opposite context, the loss is only brought with a feeling full of wrath, the chance of stopping is too difficult when we are extremely bad, the only thought is to try to find what was lost but continue to lose what is possessed is the next fate, can not stop in the loss

[hahay]

It would be better for you to have a target and a limit when betting, because by having these limits and targets at least we will only bet with a limit of money that can be spent and if you get losing streak then you will easily stop. Likewise with a target for example for a profit achievement that is indeed a target or maybe you have a plan like just going to roll a few times and then stop, no matter what the results are because having a mature plan at the beginning will be better.

[adzino]

You are going to get a lot of mixed answers. Truth is, it depends from person to person. A person might find it easy to stop when he is winning but really hard to stop when he is losing. Similarly, one might get tires/exhausted from have a losing streak and might stop for the day. Unfortunately, for a gambling addict, none of the ways are easy for them. They want to gamble and win more when they are winning, they will want to gamble and win back what they lost when they are losing.
Though I guess, it would be easier for a person to stop when they are winning once they realize that in the long run the house always win.

[South Park]

In my experience, I find it hard to stop when you are winning. I feel very lucky so I can't stop from playing, I continue until I am satisfied but that is also when I realize that I have no more funds to bet.
Some may find it easy to stop when you win, but most of the time, being greedy is the one that make you continue from playing.

But does not this means that you have problems to stop gambling regardless of the circumstances? If you cannot stop yourself to keep gambling if you are winning and then you realize you have no more funds then that means that you could not stop your behaviour when you were losing either, I think it is time to take control of your gambling activities before this could develop into a problem, set yourself a goal in terms of the money you will spend or the time you want to use to gamble and then stick to it no matter if you are winning or losing.

[FlightyPouch]

Of course stop when you are losing, because most of the gambler can't stop when they won.
They still have money to gamble but when you are losing it is easier to stop because you don't have enough money to bet.

Because of the perception that you could still win despite the profit you are having. Instead of wrapping up, you continue gambling still wanting to earn more and never realize that they are still risking that profit they already got. I think I could stop when I won since I know how it feels when you lose and it is more disappointing to lose the money you already won.

[Betwrong]

Of course stop when you are losing, because most of the gambler can't stop when they won.
They still have money to gamble but when you are losing it is easier to stop because you don't have enough money to bet.

It's true that for some people it's harder to stop when they are winning, but let's not forget about common gambler's fallacy, namely, to think that after a long losing streak a win or two must definitely appear soon. Thinking this way, and thus "chasing their losses", as they say, people lose a lot of money.

I think most gamblers would agree that it's much harder to accept your loss, and stop, than to stop after a good win.

[JoMarrah Iarim Dan]

I like to know your opinion about the question because I believe every gambler has a different way of managing himself.

My answer to the question is I can easily stop when I am winning because I am afraid I might end up with nothing since I know to myself that I am not yet consistent enough to win in gambling, however, based on my experience, I can't easily stop when I am losing despite the fact that I already set up a limit to gamble in a certain day or a certain session.

Do we have the same attitude or not?

For me, I stops when I am winning because when I already know that the I won the money my mind setting is "Yes I already have money time to go and tomorrow is another day". On the other hand if I am losing, sometimes my mind setting is to "OK try another one until you win". In that case I may continue losing.