Why one should apply wisdom when gambling!

[lovesmayfamilis]

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

[AmoreJaz]

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.

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

[memehunter]

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

[Juse14]

.............
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.

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

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

[Jody.Drummer]

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

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

[TelolettOm]

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

and at least, it must be:

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

and more here we can take:

Source: Wise and Responsible Betting in Gambling

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

[Gheka]

.............
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.

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

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

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

[Gozie51]

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.

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

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

[coin-investor]

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.

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

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

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

[Weawant]

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.

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

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

[Issa56]

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.

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

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

[mirakal]

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.

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

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

[famososMuertos]

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.

Man... you read the answers! I don't think, really you're burning money, if you're going to play something like that, you just wait for it to happen and that's it... above you got a very good answer to your situation and it's not the first post in this thread, but that's another story.

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

[Dailyscript]

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

[michellee]

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

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

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

[Fiatless]

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.

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

[Hewlet]

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.

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

[adultcrypto]

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.

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

[Slow death]

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

[o48o]

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.

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

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