Think more about your financial status than your potential win

[robelneo]

Your financial status is more essential than your potential win in deciding if you should cash out or not.

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.

[rachael9385]

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.

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.

[Miles2006]

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.

[Su-asa]

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.

[Pi-network314159]

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.

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.

[adultcrypto]

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.

[Proty]

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.

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.

[batang_bitcoin]

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

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.

[_BlackStar]

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.

[programmer3666]

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.

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.

[Marykeller]

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.

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

[Dunamisx]

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.

[lienfaye]

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.

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.

[passwordnow]

Your financial status is more essential than your potential win in deciding if you should cash out or not.

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.

[Onyeeze]

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.

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

[Nwada001]

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.

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 For instance, you were very determined to wait till the gameplay was at the end even as your friend tried to convince you.

[Samlucky O]

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.

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.

[DubemIfedigbo001]

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.

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.

[qwertyup23]

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.

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.

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.

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.

[Agbamoni]

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.