Think more about your financial status than your potential win

[Joy_learns_crypto]

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.

[Odohu]

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.

[Charles-Tim]

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

Then I discussed it with my friends and they ask me to cash out but I refused then Sassuolo turned the game around and Score two goals.

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

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.

[Jaycoinz]

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

[Findingnemo]

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.

[Iroh]

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.

[Wiwo]

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.

[Oluwa-btc]

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.

[Joy_learns_crypto]

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.

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.

[Fortify]

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.

[Joy_learns_crypto]

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

Then I discussed it with my friends and they ask me to cash out but I refused then Sassuolo turned the game around and Score two goals.

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

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.

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.

[CryptoHeadlineNews]

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.

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.

[alani123]

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.

[Charles-Tim]

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.

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.

[DaNNy001]

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

[Joy_learns_crypto]

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.

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.

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.

[Versatile_choice]

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.

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.

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.

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.

[Stalker22]

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?

[coin-investor]

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.

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.

[btc_angela]

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.

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.