Cash out or keep playing? - page 24.

coolcoinz

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I've always had that dilemma when gambling, especially in games that allow you some time to think like poker and blackjack.
I had that voice in the back of my mind saying I should stop and take the money. Usually when you're just a little bit ahead, like 2-3% it doesn't appear, but when you're like 50% ahead it gets stronger. If I doubled my money I'd stop playing for sure, but i have a problem with stopping while being ahead 10%. It feels like too low of a profit to even care and then it often turns into a 10% loss Wink

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Quote from: CryptSafe on October 20, 2023, 10:31:46 AM

Quote from: angrybirdy on October 20, 2023, 07:43:14 AM

I suggest to cash out your capital and at least 10% of your profit then keep the remaining amount so it could be used on your next game. do not be greedy, Just set a certain limit on yourself once you win and follow your momentum in playing but once you hit the jackpot prize, You can withdraw it all and then allocate the winning prize to your savings and investment. keep a small portion for your leisure and budget for gambling.

Cashing out of capital is very much important but I think 100% of your investment would be good because your efforts were fully compensated. Then the remaining wins can be splitted into different budget as you may wish to. If possible, do away with gambling for a while before starting up again to gamble as that would save you some stress of imminent game loss.

People prefer to cashout when they've reached specific target, but the mind never accept it giving a feel that we're on the winning streak and the same could bring more money on further wagering. I personally wager with small win target and once reached I used to go for bigger win. This way the wager continues, and our intention to stop at the specific target doesn't come to an end. If I were in very emergency need of money and I don't have any other go, I used to Cashout. If not I used to go further wagering with the hope that God have got a better plan for me.

CryptSafe

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Quote from: angrybirdy on October 20, 2023, 07:43:14 AM

I suggest to cash out your capital and at least 10% of your profit then keep the remaining amount so it could be used on your next game. do not be greedy, Just set a certain limit on yourself once you win and follow your momentum in playing but once you hit the jackpot prize, You can withdraw it all and then allocate the winning prize to your savings and investment. keep a small portion for your leisure and budget for gambling.

Cashing out of capital is very much important but I think 100% of your investment would be good because your efforts were fully compensated. Then the remaining wins can be splitted into different budget as you may wish to. If possible, do away with gambling for a while before starting up again to gamble as that would save you some stress of imminent game loss.

SmartCharpa

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Quote from: Hatchy on October 17, 2023, 05:13:38 AM

I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

I've often wondered how many of us can truly stop playing when we are ahead. It's a challenge because the allure of winning more can be irresistible. I've witnessed situations where a friend deposited money into a casino, faced losses, and just when he was on the brink of frustration, he struck a significant win. Did he stop playing? No, he left his winnings in the casino, only to lose it all again.
So, I ask you all, what would you do when you finally make that big win? Would you cash out immediately to enjoy your winnings, or would you keep playing in the hopes of an even more substantial prize? Shocked

When you say "cash out," you're talking about sports betting. People who keep playing in this condition become addicted to gambling, while people who gamble for enjoyment won't make such a thing. Like me, occasionally, whenever I feel like putting my money on a few games, and if I win, I'll take my winnings and put them aside till I feel like playing again. However, those who view gambling as a means of achieving success in life will continue to play until all the money has been lost once more, and they won't be able to predict when to win again. You see, God provides us with opportunities in everything we do, so when it's my chance to win, I'll simply take my winnings until another opportunity. I have absolutely no hope in gambling; if you win, it's your turn.

In this case, if I were your friend, I would take the profit and enjoy my life for the moment because I don't know when I will win again, gambling is all based on luck. Although, if care is not taken, your friend would lose his money and the profits he made, which is not really helpful at all because he lose all the money the pain will be much for him.

Kasabus

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Quote from: Silberman on October 18, 2023, 01:30:01 AM

Quote from: Hatchy on October 17, 2023, 05:13:38 AM

I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

I've often wondered how many of us can truly stop playing when we are ahead. It's a challenge because the allure of winning more can be irresistible. I've witnessed situations where a friend deposited money into a casino, faced losses, and just when he was on the brink of frustration, he struck a significant win. Did he stop playing? No, he left his winnings in the casino, only to lose it all again.
So, I ask you all, what would you do when you finally make that big win? Would you cash out immediately to enjoy your winnings, or would you keep playing in the hopes of an even more substantial prize? Shocked

Without a doubt when a person has been doing badly during their current session and suddenly their luck changes for the better it is very difficult for that person to stop, and instead they will keep gambling hoping for their luck to remain the same, but this hardly happens and they lose all those profits and maybe a little bit more, so as hard as it may be gamblers need to learn to be happy when they get a big win and stop gambling for some time, otherwise they will regret their decision and instead of enjoying their time gambling they will be mad about what happened, and in that case why gamble at all? Since in that case you are not getting any kind of entertainment out of the activity and you are just getting frustrated because of it.

You know, if only people get satisfied easily with their present winnings regardless if its big or small, then there won't be any further losses that we will incur that will only make us depressed and frustrated. That's how simple life should be, but I don't think gamblers will stick to that. Let's admit the fact that we all want to gamble and make more money, so if we are given chances to be lucky and make consistent wins, then most likely we will continue seizing the luck until we realized that it's gone anymore and lose everything we've won.

The book will obviously tell to cash out what you've won and leave the casino immediately, but if the urge to gamble more is still high, then we resort to continue to gambling instead. Maybe that's the reality about gamblers, we won't be encouraged to stop betting if we are still ahead of the house, and the only way that we will stop gambling is when all our money have returned to the casino house again and leave us with no choice but to leave the casino immediately.

alastantiger

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Quote from: angrybirdy on October 20, 2023, 07:43:14 AM

I suggest to cash out your capital and at least 10% of your profit then keep the remaining amount so it could be used on your next game. do not be greedy, Just set a certain limit on yourself once you win and follow your momentum in playing but once you hit the jackpot prize, You can withdraw it all and then allocate the winning prize to your savings and investment. keep a small portion for your leisure and budget for gambling.

I use this method. I don't do percentages I just see to myself that I would leave this amount of money and use it to gamble some other time while I will draw the remainder. That way even if the one left in the casino wallet doesn't win me more money, I will be at rest knowing that there are no "what ifs".

Juse14

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Of course this depends on the person's brain awareness situation and the time spent gambling affects the mentality and obsession of the heart, for example me, if my psychology is affected by gambling so that I have greed of course even though I get extraordinary wins in my gambling, I will definitely want more, and that can have an impact on the amount of time and targets desired at the start of gambling.

But when my mind is in a conscious state and adheres to the gambling principles that I have developed and only a few attempts at gambling using a small amount of time, my mentality will definitely be very good and I will definitely be able to stop at that time when I get a big win in the near future, there is a phase where gambling will affect our gambling principles from the amount of time we spend gambling, and yes it depends on each individual's awareness in suppressing greed.

0t3p0t

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Quote from: hd49728 on October 17, 2023, 05:39:48 AM

Quote from: Hatchy on October 17, 2023, 05:13:38 AM

I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

Gambling or trading or investing, when you hit a big win, you must do the same.

Cash out your initial capital, save it from gambling, trading or investing. Cash out part of profit to do something that can help you to enjoy your life like buying something, having a vacation, buying a course to learn something.

The rest money, you can continue to use it for gambling, trading, investing and I am sure you can afford losing it without losing your initial capital. It's good as you already enjoyed your life from part of profit too.

If ever I had to gamble I would do the same like cashing out the capital and then save the other half for future betting or just continue gambling. Hitting a big win is pretty difficult to achieve that is why it is reasonable to cash out the capital to lessen the possible loss.

Docnaster

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Quote from: angrybirdy on October 20, 2023, 07:43:14 AM

I suggest to cash out your capital and at least 10% of your profit then keep the remaining amount so it could be used on your next game. do not be greedy, Just set a certain limit on yourself once you win and follow your momentum in playing but once you hit the jackpot prize, You can withdraw it all and then allocate the winning prize to your savings and investment. keep a small portion for your leisure and budget for gambling.

There's no assured process that guarantees winning when it comes to gambling and that's why a lot of people are advised to use their diverse gambling tricks as what works for a certain person might likely sink the other person.
However, I think one of the simple measures to use when gambling is the avoidance of greed and that's why I suggest cashing out and leaving little amount of money whenever one one wins. Leaving your money in your gambling account while gambling more will likely make a gambler to lose more money

Fivestar4everMVP

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Quote from: angrybirdy on October 20, 2023, 07:43:14 AM

I suggest to cash out your capital and at least 10% of your profit then keep the remaining amount so it could be used on your next game. do not be greedy, Just set a certain limit on yourself once you win and follow your momentum in playing but once you hit the jackpot prize, You can withdraw it all and then allocate the winning prize to your savings and investment. keep a small portion for your leisure and budget for gambling.

Aside the capital as you said, withdrawing just 10% of the total profit is way too small if you ask me, it is important that we come to the understanding that casinos and gambling is not a money-making venture or avenue, gambling is generally believed to be a recreational means of just having fun, while the casino we are playing on is just a medium or platform that makes having that fun possible for those interested in paying for it, which is the money we stake in the course of our gambling activities.

So, with the above registered in our minds, it's important for us to always make judicious of every opportunity we have to make from our gambling activities, to at least better our lives in some way no matter how little or insignificant, it makes no sense wasting money on entertainment where you have the opportunity to also make money, then luckily make the money, and then still waste it back by losing it back to the casino.

Dickiy

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Quote from: Stable090 on October 20, 2023, 07:22:16 AM

Quote from: rodskee on October 20, 2023, 05:15:41 AM

this is one thing that I am regretting till now , when there are several occasion that I come to win Big(at least big for me) but instead of taking them out to savor, what I did is tried my very luck so ending? i lose everything.

Every gambler has made a similar mistake before. You will be winning( it might not be a big amount of money), but when you are supposed to stop gambling, you won’t stop because you will have the belief that you are too to win more if you continue to gamble, but at the end both your capital and your profits will be lost again. That's why when gambling, even if you are winning, always know when you are supposed to stop, you can't continue winning. At some point, you will be experiencing losses. Always take profits, don’t claim a day is your lucky day, and you will want to win back all the money you have lost.

It is true that in general, anyone (gambler) will ever feel like that or be in such conditions and I say that "that's greed", although basically I understand that everyone must have greed, especially about money, and when they gamble by seeing that there seems to be a great opportunity that they can get there then they will continue to do so until the time limit which in my opinion cannot be determined. An example of a small case is what we are discussing, when they have managed to get the winnings they should withdraw it and go to enjoy the winnings at least buy some pizza to enjoy with friends, but what happens is? Yes they are greedy, they think that by betting again they will be able to get a bigger win, but in fact they lose everything, I think cases like this are very common and almost every day someone will experience it if indeed he cannot be grateful for something he has managed to get at the beginning.

Therefore we must be able to be wiser in gambling, please if you want to pursue victory but I hope that if you have already got the winning position you must be able to restrain yourself and stop and enjoy your victory. I think it's right to say that "it's not a victory if you can't enjoy it".

angrybirdy

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I suggest to cash out your capital and at least 10% of your profit then keep the remaining amount so it could be used on your next game. do not be greedy, Just set a certain limit on yourself once you win and follow your momentum in playing but once you hit the jackpot prize, You can withdraw it all and then allocate the winning prize to your savings and investment. keep a small portion for your leisure and budget for gambling.

Stable090

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Quote from: rodskee on October 20, 2023, 05:15:41 AM

this is one thing that I am regretting till now , when there are several occasion that I come to win Big(at least big for me) but instead of taking them out to savor, what I did is tried my very luck so ending? i lose everything.

Every gambler has made a similar mistake before. You will be winning( it might not be a big amount of money), but when you are supposed to stop gambling, you won’t stop because you will have the belief that you are too to win more if you continue to gamble, but at the end both your capital and your profits will be lost again. That's why when gambling, even if you are winning, always know when you are supposed to stop, you can't continue winning. At some point, you will be experiencing losses. Always take profits, don’t claim a day is your lucky day, and you will want to win back all the money you have lost.

Natsuu

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It’s the classic dilemma of the gambling world. Personally, I believe it all boils down to self-control and knowing your limitsw. I prefer to do both like do it in half. I mean it’s preferable to continue playing from my winnings, right? I think theres a thrill in the possibility of even greater winnings after a large win. It's not just about the money, it's about the excitement and the hope for an even more bigger prize. But its still essential to approach this with caution and set clear limits. Responsible gambling means knowing when to walk away and not letting the pursuit of more winnings overshadow the joy of the initial winning. It's a delicate balance between enjoying the moment and being mindful of the risks involved. After all, the key is to have fun while staying with what you can afford to lose.

CryptSafe

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Quote from: AmoreJaz on October 19, 2023, 06:59:17 PM

Quote from: CryptSafe on October 19, 2023, 06:54:48 PM

If you gamble for fun mate then you should know that the best option at that moment is to withdraw your wins and go away. Responsible gambling is likely in a test at this stage if truly one claims to be a responsible gambler. I kmow theurge and desire to continue gambling will come once it happens yu have a big win but exercising self restraint is all what is required of me to do mate. I will walk away wth my wins. I gamble for fun and not for earnings. I am a responsible gambler.

if you want to save heartache at the end of your game, better separate some funds of your winnings. be firm with yourself that you won't touch it. and if you do want to continue playing, don't use all your winnings. remember, it is gambling, you can lose it all in one bet. do you want to go home as a loser?

Separating some funds from your wins is quite alright but I think the urge will still be there if as a gambler, one does not know how to exercise self-restraint when ever they have made a decision on gambling at the sport but if the other way round, one can be able to do that as a responsible gambler who gamble for fun and not for earnings. It would be better that way so as to avoid losing all again to gambling after a long time of gaming and a successful win.

JungleCasino

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Indeed, this is a common dilemma among gamblers, and the decision can be influenced by various factors, including the player's personality, financial goals, and risk tolerance.

Personally, if I were in such a situation, I would probably consider withdrawing a portion of the winnings to secure a part of the victory. This ensures that, no matter what happens next, there would be something positive to take away from the gaming experience.

However, it might also be tempting to reinvest a part of the winnings to see if luck persists, while being prepared to accept the potential loss.

rodskee

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Quote from: Hatchy on October 17, 2023, 05:13:38 AM

I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

this is one thing that I am regretting till now , when there are several occasion that I come to win Big(at least big for me) but instead of taking them out to savor, what I did is tried my very luck so ending? i lose everything.
and the sad part is not once but I believe 3 that this happened.
and so I promised myself to never do this again once given a chance but sadly , from that day? never that I won big again instead always suffering from losses even when just starting the games.

AHOYBRAUSE

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This question never gets old.

For me it is easy to answer, whatever I do it is ALWAYS the wrong decision.
I cash out, my team suddenly goes on a run and secures the win and/or makes a big comeback.
If I let it run they suddenly fall apart and lose the game in crazy fashion.

It is hilarious how often this happened to me and ever since I totally ignored the cashout feature. I only lost plenty of money with it for no reason.

Another thing I have to mention about cashouts, over the past 2 years I almost only used stake and the cashout on the site is hilariously low.
I mean if I bet on odds of 2.5 and the game goes my way and the odds are down to around 2.0 or 1.9, if I cashout at the point I only get my original stake back, how greedy is that.
Also if you make a bet, line has not changed, and you check the cashout number it is 10-15% smaller than what your stake was. At for example sportsbet.io it only takes 3-5% from you. Amazing how bad the odds and cashout numbers at stake are.

I must have played with eyes closed there before finally coming to my senses and taking my business somewhere else.

michellee

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Quote from: naira on October 20, 2023, 03:30:44 AM

Quote from: michellee on October 19, 2023, 05:51:27 AM

The most frequently encountered case is self-control, where gamblers who have won cannot stop gambling. They become greedy and want a bigger win so they continue gambling. They don't think that what they have is luck that not many gamblers can get and they are not satisfied with what they have. If they realized that they had to stop gambling immediately with the winnings they had won, they would do it immediately.

So if we later win from gambling and it is a big win, we must be able to remember that and immediately decide to withdraw the winnings and stop gambling as soon as possible. We can't always win in the next round because it depends on our luck, analysis and others. So while we still have time to stop and withdraw the winnings, we must do it immediately.

We have other time to play gambling so we do not have to play more after winning.

Recently I had a trick to deal with when I got a big win and could control myself to enjoy the win, namely by inviting a friend next to me and watching me play. The goal is that I appointed this friend to give him the task of being an advisor if I win so that I can immediately withdraw from the casino. So far this trick has been successful considering the friend I invited doesn't really like gambling so when faced with a large amount of money in front of him he can immediately respond. Of course, in this case I gave him payment for successfully carrying out his duties.

It's a good trick because by having friends by your side, they can quickly pull you out of the casino. They can also see how long you have been gambling and when you should stop gambling.

Maybe it can be done by people who gamble frequently because it can help them to stop gambling. But the problem is, if they are gamblers who hide their activities, how can their friends come in and be by their side?

But whatever it is, if more people know how to stop, they can reduce gambling addiction cases. And that is a good thing to do for gamblers because they can also limit their gambling activities.

Fivestar4everMVP

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Quote from: Hatchy on October 17, 2023, 05:13:38 AM

I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

Speaking from some experiences, not with me but with some close friends of mine, i would say that, it mostly never ends well for most gamblers who kept playing after winning some significant amount of money, so for me, it's a straight withdraw.

If by playing, luck struck hard on me, and i win some amount of money that is life-changing, i tell you that i will first and foremost be shocked, and i possibly cannot be playing the game while in shock, and when eventually come out from that shock, which means that i have then come back to myself and believe that everything is real and not me dreaming, I will straight up request withdrawal of 90% or 95% of the entire winning in to my private wallet, after i have withdrawn, i will relax and probably take a little break of like 30 to 60 days from gambling, might be longer depending on the amount of money involved, this is to enable me make proper plan on what and how to use the money so it doesn't end up going back to where it came from.

Topic: Cash out or keep playing? - page 24. (Read 3915 times)