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Author Topic: Why one should apply wisdom when gambling!  (Read 321 times)
Victorybit1 (OP)
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September 23, 2024, 09:39:02 AM
 #1


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

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

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September 23, 2024, 09:46:38 AM
 #2

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

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

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September 23, 2024, 09:50:10 AM
 #3

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

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September 23, 2024, 09:51:37 AM
 #4

I never saw this as greed because there's this trust in the game; most times we might also make the wrong decision in cashing out and later regret it. In much-trusted games, I will always apply a strategy that I call an unpopular opinion. I gamble in different forms, like you replaying this game, and cash out one when the game is getting tougher and keep the other one going, and with this you wouldn't be able to lose all your money at once. 
 
Without greed, you will be able to get more than what you have gambled.
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September 23, 2024, 09:56:18 AM
 #5

26 matches? why don't you cash it out immediately when you get the chance to make a withdrawal early? whereas many gamblers feel that greed will cause losses for ourselves even though we feel satisfied when you can win it but the risk of losing is also greater. Indeed, we must be able to bear all the risks, whether we lose or get it, but we must also be wise in making decisions so as not to continue to lose and try not to be greedy.
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September 23, 2024, 09:59:09 AM
Merited by famososMuertos (2)
 #6

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

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

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Victorybit1 (OP)
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September 23, 2024, 10:00:39 AM
 #7

This is the reason why sometimes I like to reprint my bet slip after making my first bet. I replace the bet again, and sometimes I remove a few games.
I always reprint my bet slip too. That's why I keep wondering what happened that I didn’t do so for this one. I would have definitely cash out one.

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September 23, 2024, 10:08:07 AM
 #8

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

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

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

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Dr.Bitcoin_Strange
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September 23, 2024, 10:13:12 AM
 #9

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

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

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September 23, 2024, 10:24:40 AM
 #10

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

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

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September 23, 2024, 10:35:29 AM
 #11

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

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

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

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September 23, 2024, 11:08:04 AM
 #12

Don't be greedy, it's better to cashout than lose it all. Cheesy
I wonder how many more matches are left to win this whole bet? The multiplier is already quite big while you bet a small amount, I guess I calculated 150K NGN that's about $80 more which is quite a decent amount of money for you.
Some gamblers will argue otherwise, but for me, I'm always of the opinion of going for a cashout where necessary. As long as there is profit from the amount that I initially used to place the bet, I will cash out.
 
Besides, anyone who places a bet for more than 6 games, which they can't follow up on, can't say it's for fun alone again, so they should just take the profit and minimise the risk of losing all.
 
That cashout should be around $91 if converted from my local currency to USD using the current exchange rate.

 
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Findingnemo
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September 23, 2024, 12:01:38 PM
 #13

Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.


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

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

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

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September 23, 2024, 12:01:56 PM
 #14

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

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September 23, 2024, 12:23:29 PM
 #15

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

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

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September 23, 2024, 12:28:05 PM
 #16

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

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

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

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September 23, 2024, 12:34:13 PM
 #17

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

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.
While that is true that we win some and lose some but if I am on that shoe, I'll chase the profit instead. It doesn't matter if I win that bet or not as long as I've got guaranteed profit and my capital is back, that's already fine for me. It depends on your goal and for sure that many will continue with that bet even if there's already a guaranteed profit that you can choose to cash out.

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

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September 23, 2024, 12:39:28 PM
 #18

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

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

 
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September 23, 2024, 12:40:02 PM
 #19

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

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

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September 23, 2024, 12:48:52 PM
 #20

Of a truth, no one loves to cash out more than I do. As I mentioned in my post, I recently cashed out on a game that won, which made me overlook this one, hoping the remaining two games left before they gave me the cash out would win. It was my previous experience that made me hold off on this one, but lesson learned.
At least cashing in is better because you have learned from previous experiences so instead of waiting uncertainly it is better to take this opportunity.

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

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

R


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