Think more about your financial status than your potential win

[MAAManda]

There are many such stories, usually caused by past cases where a player cashed out too quickly, even though if he had continued to trust his slip, it would have been completely correct. @OP, if you're truly a compulsive gambler, you can certainly relate to that guy decision to cash out or continue his streak. I can relate, having been at least once a compulsive gambler.

[junder]

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.

It's quite understandable that many people gamble, and many are confident that they can win big on a single bet. However, this often leads to addiction, making it difficult to break free, and ultimately ruining their finances because most of their money is spent on gambling.
Therefore, we must be self-aware. Betting within our means is the right behavior. For those who bet beyond their means, gambling is no longer just entertainment but rather a means of profit.

[Outhue]

Unfortunately many gamblers will end up with like him, I watched the video you post OP and under the comment section many people are still believing that they will do it right and become luckier than him.

The day you mixed financial freedom with gambling is the day you cursed yourself because it's not going to happen and you will spend years of your life wasted with nothing to show for it.

If you like yourself so much make sure you don't conclude or make up your mind on how much you have to win in gambling before you feel satisfied, it's like a dooms day reckoning on your dumb head.

[Peanutswar]

Gambling is a full of risk so people wanted to risk what they have with a short term phae which is they seeing that in playing gambling even though those money are their last sort of living, which is this part is against with me because you need to consider first the state of what are your current financial status, do you cater your needs and wants, how much extra you are earning because thats the point you can consider you can play a gambling for a potential earning now if you doesnt have any kind of these and even source of income and that just one time money do you have ended up lossing you will back to zero days again. Nothing. And wondering how are you now.

[cryptoaddictchie]

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

Thats smart thinking. The money you see as possible winnings isn’t really yours yet, it’s just numbers until the bet is over. A lot of people make the mistake of thinking it’s already theirs and push too far, just like the guy in the story. At the end of the day, your real life situation is more important than chasing the biggest payout  sometimes taking a sure win is the smarter choice.

[bitzizzix]

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.

This story reminds me of a time I was betting on soccer on a reputable betting site when all major leagues were on break. I was betting on a league I wasn't familiar with after winning my previous two bets. I was eager to increase my winnings and was tempted by the potential victory of my chosen team, which was also favored and guaranteed to win. However, after my team was already leading 1-0 and nearing the end of the match, the opposing team scored, equalizing the score. It was incredibly frustrating, disappointing, and regrettable, but I had to accept it with grace. It also taught me not to be tempted and overconfident, as anything can happen unexpectedly in betting outcomes. I should be grateful for those two memories, and I should have capitalized on them and avoided being tempted in the third match.

[Z_MBFM]

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.

Yes, if you follow your financial status, you can often control your emotions. Gambling sites make you lose as much as you win. This happens for all types of games. However, our mind is such that we do not keep big losses but keep small wins in mind and continue gambling.

No matter what your financial status is, if you want to gamble, it is not in your mind. Then tension is created in your mind and panic sets in. To tell the truth, I am currently in debt of $1800, but I do not stop gambling. Sometimes I lose $100-200, but if I had lent that money, the amount of the debt would have been reduced. Gambling is actually a different thing that roots the mind.

[Odohu]

There are many such stories, usually caused by past cases where a player cashed out too quickly, even though if he had continued to trust his slip, it would have been completely correct. @OP, if you're truly a compulsive gambler, you can certainly relate to that guy decision to cash out or continue his streak. I can relate, having been at least once a compulsive gambler.

There are many things that make me decide to cash out or leave the game and it has little to do with being a compulsive gambler. If I have a running game that span five days to one week and 90% of the games have played, even if I'm offered 70% of the payout, I will cash it out if the remaining games gives me any form of doubt. But if the remaining games are the games I have more confidence in, I can risk letting it to finish. The most important thing in gambling is ensuring you gamble within your financial limits and whatever you are gambling with is something you can lose without being depressed.

[Oshio-man]

Some people are still going into gambling with greedy mind set, that will make them to loose the little one that would have lead them to a bigger winning, when you Play many games and some are going to the right direction to favour you, you can take the risk not to cash out quick because you know you can't lose all the games that is going to the right direction to favour you at the end,  but in my own case, Once I bet in a particular game, I don't cash out until I see the end of the game, and i don't regret when the game fail or successful because i always believed either you win or lose in gambling which some gamblers don't have that mind set before going into gambling these days, and any one you prefer to choose, make sure your winning is high than your losing which is the only thing that will make people to be happy with you when they hear your gambling story.

[Promocodeudo]

There are many things that make me decide to cash out or leave the game and it has little to do with being a compulsive gambler. If I have a running game that span five days to one week and 90% of the games have played, even if I'm offered 70% of the payout, I will cash it out if the remaining games gives me any form of doubt. But if the remaining games are the games I have more confidence in, I can risk letting it to finish. The most important thing in gambling is ensuring you gamble within your financial limits and whatever you are gambling with is something you can lose without being depressed.

You're correct, you know people take unnecessary and unrealistic risk, i have seen some bet slips owned by some gamblers that I think that's unrealistic with good cashout but you know what some of them will still want to allow all the selections to end and as the wait the slip may cut, I know is there decision but how smart is such decision, some say something like since they know that no gamber knows the game that will come, they'll have to risk it to the end without cashing but the same people will start regretting as soon as the slip cut, dude i think what you said is very right, it should be all about what you can let go which is your risk tolerance that matters.

[traderethereum]

Some people are still going into gambling with greedy mind set, that will make them to loose the little one that would have lead them to a bigger winning, when you Play many games and some are going to the right direction to favour you, you can take the risk not to cash out quick because you know you can't lose all the games that is going to the right direction to favour you at the end,  but in my own case, Once I bet in a particular game, I don't cash out until I see the end of the game, and i don't regret when the game fail or successful because i always believed either you win or lose in gambling which some gamblers don't have that mind set before going into gambling these days, and any one you prefer to choose, make sure your winning is high than your losing which is the only thing that will make people to be happy with you when they hear your gambling story.

They are supposed to lose the little one but they actually lose bigger because they don't realize the fact. That is normal because they become greedy and do not think or calculate how much money they used before. They just follow their guts to keep playing without seeing that they have already lost. But if we have a chance to cash out, we should get it before it is gone and make us regret it. We can not let that happen without taking advantage of the situation, especially since we can not accurately predict. Besides that, the match can change so when we see the cash out option available, we can take it. That will not be a matter if the potential win is not much because we can place in the other matches and that still gives us more chances to win.

[Zigabel]

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.

That imagination sometimes even grows into greed and these gamblers do not know because for them the fantasy of eventually winning that money is even at that point more important than for them to get that which they can at the moment considering their financial status like you did mentioned. i love the fact that you had to point out that the money is not your own yet but just figures printed on those papers or tickets and until you win and its been paid to your account it is not yours yet but some people will even go as far as budgeting such funds already.

[virasog]

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.

It's quite understandable that many people gamble, and many are confident that they can win big on a single bet. However, this often leads to addiction, making it difficult to break free, and ultimately ruining their finances because most of their money is spent on gambling.
Therefore, we must be self-aware. Betting within our means is the right behavior. For those who bet beyond their means, gambling is no longer just entertainment but rather a means of profit.

If anyone thinks that he can take one single bet with going all in and putting all his money in their bet and think that he will become rich because he will win that bet then I'm afraid he's going to lose it.

No doubt gambling is risky but when gamblers do such foolish things it shows how desperate they are to get quick money but doing so they will only add disappointment and they will lose money and become frustrated. I don't understand why people believe in the success stories where one person win jackpots those are such once in a blue moon.

[Iroh]

Thats smart thinking. The money you see as possible winnings isn’t really yours yet, it’s just numbers until the bet is over. A lot of people make the mistake of thinking it’s already theirs and push too far, just like the guy in the story. At the end of the day, your real life situation is more important than chasing the biggest payout  sometimes taking a sure win is the smarter choice.

Right.. Sometimes, taking a sure win is actually the smarter choice. Like in the case of the man described by the OP, the choice to cash out would have been better and he would still have won some good money too. I don't know if I should say it's cause of greed or the man was extremeey hopeful seeing as most of the games he bet on had already been played and he won on those games.
People fail to realize, perhaps having an unrealistic level of hope that the potential amount to be gotten after placing a bet can also be lost. The man in the stroy relayed by the OP should have considered his present financial predicament and taken the nice sum given when he had the opportunity to do so. He would have been better off.

[Davidvictorson]

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.

Not a bad story at all. He made a good call in my estimation. He did what he thought was right and knew the risks and consequences involved. We should not judge him. What if the story was the other way around, we would probably be saying he made a great call. It is a lesson for him and not for us. Gambling is not for making money per say it is for fun and if he had fun which he sought, then that is fine in my own opinion. Maybe the next time, he would decide to cash out. Nobody can tell and that would not make the news.

[Plaguedeath]

Many people believe in high risk thing because from their belief everything has a risk, I agree with that, but they're too risk taker. I think it's better to build from step to step rather than getting a jackpot after being broke for many years.

Because when we build our wealth from step to step, it make us to learn how to make decision and know thing good-bad.

Someone who have never manage a lot of money will shock after they get it.

[Obim34]

This is why gambling is more dangerous to people that are poor and that reason for that is because they can go to any length to make sure that they achieve financial stability through gambling. People in this category don't gamble for fun they only gamble to make money desperately. Gambling doesnt really work that way. If you focus on making it a source of income it's only going to make you lose the little you have

There are levels of being poor, and not all poor people think the same way. A poor person with disciplined mindset knows when to make right decisions. Gambling is always about the uncertain till it happens to become certain. Until the game has ended there is no certainty of rewards, every gambler with experience about such turnover will know that taking cashout is far better than relying in probability of ending the whole bet.

I have known the poor to take more risk than the rich in gambling, it's always been hitting big profits with minor deposit plus high risk.

[Patikno]

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.

When talking about financial status, it means referring to the economic position of individuals or groups, indicating the level of income, wealth owned, and ability to access financial resources. However, what we are talking about here is individuals, who should be aware of their financial situation or condition. So, I think every bettor or gambler should be aware of this when gambling, especially when someone's financial condition is not good, and there is a moment for him to cash out, then it is best to do it immediately to avoid regret when bad luck occurs.

But unfortunately, from the external sources you mentioned, I saw some comments that seemed to not understand how important this is, I even saw some saying that real gamblers don't cash out, even though in fact winning in a gambling session is about when someone successfully cashes out, even though in the future they will still have gambling sessions, but this is done for the sake of sanity when gambling, especially to save his finances.

[Josefjix]

The whole truth is that, if a cashout option is available for an amount greater than the staked amount should be cashed out immediately, there shouldn't be greed when dealing with this kind of opportunity, also, of a gambler is looking at the potential win to be completely available, then that's a bad attitude towards gambling.

[Kelward]

The whole truth is that, if a cashout option is available for an amount greater than the staked amount should be cashed out immediately, there shouldn't be greed when dealing with this kind of opportunity, also, of a gambler is looking at the potential win to be completely available, then that's a bad attitude towards gambling.

It depends on the bettor, I've seen a couple of threads on this forum that condemns cashing out, they say that they will rather see the game through to the last. I think that if a bettor is given the option of cash out they should consider it seriously, firstly they should think whether they need money urgently. If they are in dire need of money it will be a good financial decision to take it because failure to do so they might lose everything. However if you used a small amount that you can afford to loose and you're not in dire need you can wait till the end of the game.