Which is easier, to quit when winning or to quit when losing? - page 12.

Dave1

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Quote from: uchegod-21 on June 25, 2024, 06:34:10 PM

Quote from: stadus on June 23, 2024, 08:43:11 AM

I know that as gamblers, everyone can relate to this question, as we have surely experienced it in real situations.

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

If I eventually turn $100 to $500, I will have to withdraw $400 and remain $100 to continue my adventure. But if by any reason by $100 turns to $10, I'll not withdraw it, rather I'll leave it in my gambling portfolio for further adventure.

So the question of whether it is easy to quit when winning or when lossing applies to individual differences. Someone who is greedy will find it difficult to quit while winning and that same greedy man will be willing to chase his losses until he losses all.

That could be a good approach in paper, but when you are there, it's really hard to say. I mean yeah, you already made a withdrawal of $400 and just playing that $100 and by chance you lose it, maybe you are going to think to deposit and try to get that $100.

I'm sure gamblers here at one time in their gambling activity has done it. Not about greedy I guess, but it's more on the mentally of not wanting to lose. So in that case, it's better to withdraw all of that $500.

uchegod-21

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Quote from: stadus on June 23, 2024, 08:43:11 AM

I know that as gamblers, everyone can relate to this question, as we have surely experienced it in real situations.

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

If I eventually turn $100 to $500, I will have to withdraw $400 and remain $100 to continue my adventure. But if by any reason by $100 turns to $10, I'll not withdraw it, rather I'll leave it in my gambling portfolio for further adventure.

So the question of whether it is easy to quit when winning or when lossing applies to individual differences. Someone who is greedy will find it difficult to quit while winning and that same greedy man will be willing to chase his losses until he losses all.

GeorgeJohn

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Quote from: Bananington on June 25, 2024, 03:49:50 PM

Quote from: stadus on June 23, 2024, 08:43:11 AM

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

Making $500 from $100 is very good and I'll quit to gamble another time because I have already made 4 times more money so why would I be risking losing that money that I have made to get more. People who think that they can make more are greedy and they might lose everything including their bankroll of $100. If I was also down by $50 from the bankroll of $100, I'll stop and used the remaining $50 for another day. Losing 50% of my bankroll depending on how much was involved is my limit. Sometimes we mightn't be lucky when gambling and if we keep pushing it. It wouldn't make any different and we would have lost all the bankroll.

it is obvious that gambling is all about risk so if you want to get more in gambling you must make sure that you have risk more and then when the loss want to come you will use the same mega amount that you use to participate in gambling so two things are involved in it because when the opportunity of profit in gambling also manifest I think that will be able to make a mega amount of profit through gambling, so that is why you don't need to think otherwise income money because everything in gambling is all about risk and they have to accept it if you mistakenly venture into gambling or see yourself in gambling, you should bear in mind that it may result out good or bad.

sunsilk

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Quote from: Don Pedro Dinero on June 24, 2024, 08:52:39 AM

Quote from: sunsilk on June 24, 2024, 07:40:02 AM

If I have won with that much, I will take as much as I can and I will continue to gamble with the lesser amount that I can.

So if I have won $500, I might take $400 and I will continue to gamble with the remaining $100 that I have.

And if I lose and the remaining amount is $10, it doesn't make sense that I stopped on that amount, I'd take the losses then and will lose it entirely.

I, as I have commented in other threads on the subject, do something similar to you but not exactly the same. If I enter with $100 and in the first few plays I win $500 I cashout and leave. I don't want to stay as I know how that ends. On the other hand, if I have $100, nothing comes out and the money goes down, with some small prize that allows me to stay, I bet it until it runs out.

So it costs me very little to stop betting if I win, especially if it's a good amount.

That's actually a better decision. I won't leave with the entire amount if I still feel the heat and luck with me.

But then, if I am not in mood and I think that it's just best to leave with the whole amount, that's what I am going to do.

So, I typically set withdrawing bigger than my bankroll if I continue so if I lose then that money is free to fly wherever it should be or should I say destined to lose that acceptable amount.

Stable090

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Quote from: stadus on June 23, 2024, 08:43:11 AM

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

It’s just kind of difficult to stop gambling when you are losing and when you are winning. When we are gambling and winning, we will always want to keep on gambling just to increase the amount that we have won, until things go wrong and we start losing back all the amount that we have won. Most gamblers are always losing back the amount they have won just because they keep on gambling when they are supposed to stop.

When losing money from gambling, most people do feel bad, and they will always try to win back the amount they have gambled with before they stop gambling, but when they are doing that, they will end up losing more money. So when gambling, if you are not disciplined, you will find it difficult to stop gambling.

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Quote from: stadus on June 23, 2024, 08:43:11 AM

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

Making $500 from $100 is very good and I'll quit to gamble another time because I have already made 4 times more money so why would I be risking losing that money that I have made to get more. People who think that they can make more are greedy and they might lose everything including their bankroll of $100. If I was also down by $50 from the bankroll of $100, I'll stop and used the remaining $50 for another day. Losing 50% of my bankroll depending on how much was involved is my limit. Sometimes we mightn't be lucky when gambling and if we keep pushing it. It wouldn't make any different and we would have lost all the bankroll.

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Quote from: Viscore on June 24, 2024, 09:25:10 AM

Quote from: Dr.Bitcoin_Strange on June 24, 2024, 06:47:13 AM

If perhaps am not able to increase the $100 far more and I ended up to lose all of it just in one day, I will definitely leave and not repeat again through out that day but if I had allow all the $500 to site in my casino balance, I will definitely have the urge to keep trying luck and before you realize it, i must have already lose all the money, so it's better to save yourself of the temptation and withdraw your profit, leaving behind the amount you are willing to gambling off. I don't love to spend too much on gambling just in one day, $100 is even too much to waste just in a daily staking.

Thanks for answering my question. I can see that you are a responsible gambler. You have plans that you follow, and you understand how and when to stop. Personally, I'm not so disciplined when it comes to gambling. Though I must say that I have learned a lot from my years of being a gambler, from time to time I have this problem where I cannot stop when I'm down because I want to end the session with a profit. As a result, when I try to break my rules, I end up losing my focus in the game. Most of the time, when I do this kind of thing, not only do I lose my winnings, but also the entire money I have, including my initial bankroll.

I think your biggest mistake in your gambling activities is very clear that you have too high expectations of gambling, and of course it is the wrong mindset if applied to a place that does not have any certainty and guarantee in the matter of results such as gambling. And another mistake is that you can't take responsibility for all the decisions you've made which when you lose you can't accept the facts of the situation.

On the other hand, I am sure that you will still end up in a situation of concern in your gambling activities, and I am also sure that you will always feel the tension in every gambling session due to the fear of losing money. Therefore the first thing you have to correct in yourself is the understanding of how gambling really is, I would suggest understanding the whole about gambling, don't just look at the chances of winning but also look at the risks, because when a gambler realizes that gambling is a risky activity then most likely they will always calculate according to their abilities every decision they make such as in terms of allocating the amount of budget, fix it as soon as possible friends.

Fivestar4everMVP

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Quote from: stadus on June 23, 2024, 08:43:11 AM

I know that as gamblers, everyone can relate to this question, as we have surely experienced it in real situations.

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

First, let me say that this is a very good topic for discussion, and to answer the question based on my own personal experience, I would say that it's easier to quit after a win, than when losing.

For example, using, using the same out of money you used above for your example, if I had $100 in bankroll and manage to get it up to $500, I will quit, take out my profit of $400 into my private wallet and then continue playing the next day or any other time I have chance, or feel like to play again..

But if I had same amount of $100 and have gotten it down to $10 due to constant loses, I will continue to play until the entire amount is totally gone, this way, I simply quit knowing fully well that there is nothing left to keep playing the game with.

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Quote from: Dr.Bitcoin_Strange on June 24, 2024, 06:47:13 AM

Quote from: Viscore on June 24, 2024, 04:55:41 AM

Quote from: Dr.Bitcoin_Strange on June 24, 2024, 04:33:35 AM

This topic makes me remember and relate it to this one: "The real winning of gambling is withdrawals."

We could use that as a basis and compare on how many times we withdraw versus the times we deposit.

Personally, I can say that I have more deposits, so I don't need to check my record if I'm doing fine because I would only be upset, lol.

Quote from: Dr.Bitcoin_Strange on June 24, 2024, 04:33:35 AM

While gambling, if you are winning and you decide not to withdraw your profit, you may still end up losing them all in the casino, and that is why I will personally withdraw my winnings and only leave to withdraw a small amount, which I can use later to gamble with.

Just as you have said, @OP, let's assume I have a $100 bankroll and I increase it to $500. That means I have made a profit of $400, right? What I will do is withdraw the $400 and only leave the $100 I initially started with. I don't have to wait until I have lost almost all the money up to $10.

That's a safe strategy. At least with that $100, when we gamble, it doesn't give us a lot of pressure anymore. I hope we will be able to stay disciplined, as there are gamblers who get affected and chase their losses. So, in your case, if you win and have withdrawn the $400 but lose the $100, do you think it would be easy for you to walk away with that $400 after losing the remaining $100, or would you feel challenged and think about depositing again?

If perhaps am not able to increase the $100 far more and I ended up to lose all of it just in one day, I will definitely leave and not repeat again through out that day but if I had allow all the $500 to site in my casino balance, I will definitely have the urge to keep trying luck and before you realize it, i must have already lose all the money, so it's better to save yourself of the temptation and withdraw your profit, leaving behind the amount you are willing to gambling off. I don't love to spend too much on gambling just in one day, $100 is even too much to waste just in a daily staking.

Thanks for answering my question. I can see that you are a responsible gambler. You have plans that you follow, and you understand how and when to stop. Personally, I'm not so disciplined when it comes to gambling. Though I must say that I have learned a lot from my years of being a gambler, from time to time I have this problem where I cannot stop when I'm down because I want to end the session with a profit. As a result, when I try to break my rules, I end up losing my focus in the game. Most of the time, when I do this kind of thing, not only do I lose my winnings, but also the entire money I have, including my initial bankroll.

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Quote from: bitcampaign on June 24, 2024, 08:43:49 AM

I'd rather stop when a loss occurs, why is that? Because if you stop when you win, then what's on someone's mind is to keep playing, it's impossible if a win occurs, just stop, what's more, if he's a heavy addict, then it's very likely that it's difficult for someone to do, it all goes back to the criteria of humanity, what are the criteria of the players because everyone has their own playing characteristics.

Which forms the diversity in gamblers and one of the biggest issues that the gambling niche face today. They'll be not reasonable means of holding on to all the gamblers to practice a specific routine of gambling. What we see most gamblers do is as a result of their knowledge and who they spend time gambling with. Hence, the answers we see on this thread shows how differently most gamblers think of the game. Many will pick the after winning and many more would go for after losing. Personally, I'd go for stopping when I'm satisfied with my gambling session. Nothing else beats stopping when we feel like to stop. Because, after stopping immediately we win or lose, we'd be in a hurry to play again. That wouldn't save the gambler enough time for rest.

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Quote from: stadus on June 23, 2024, 08:43:11 AM

I know that as gamblers, everyone can relate to this question, as we have surely experienced it in real situations.

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

- You know it's actually easy to quit gambling, whether you win or lose, when you don't have any greediness that builds up in your personality as a gambler. I have done that several times.
When I win $50,, I immediately take out the $30, leave the $20, and come back another day because there is no greed in my personality.

But if from the beginning you have greed in your person as a gambler in a casino, for sure you will have a hard time quitting whether you are winning or losing a large amount.

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Quote from: sunsilk on June 24, 2024, 07:40:02 AM

If I have won with that much, I will take as much as I can and I will continue to gamble with the lesser amount that I can.

So if I have won $500, I might take $400 and I will continue to gamble with the remaining $100 that I have.

And if I lose and the remaining amount is $10, it doesn't make sense that I stopped on that amount, I'd take the losses then and will lose it entirely.

I, as I have commented in other threads on the subject, do something similar to you but not exactly the same. If I enter with $100 and in the first few plays I win $500 I cashout and leave. I don't want to stay as I know how that ends. On the other hand, if I have $100, nothing comes out and the money goes down, with some small prize that allows me to stay, I bet it until it runs out.

So it costs me very little to stop betting if I win, especially if it's a good amount.

bitcampaign

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I'd rather stop when a loss occurs, why is that? Because if you stop when you win, then what's on someone's mind is to keep playing, it's impossible if a win occurs, just stop, what's more, if he's a heavy addict, then it's very likely that it's difficult for someone to do, it all goes back to the criteria of humanity, what are the criteria of the players because everyone has their own playing characteristics.

sunsilk

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If I have won with that much, I will take as much as I can and I will continue to gamble with the lesser amount that I can.

So if I have won $500, I might take $400 and I will continue to gamble with the remaining $100 that I have.

And if I lose and the remaining amount is $10, it doesn't make sense that I stopped on that amount, I'd take the losses then and will lose it entirely.

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Quote from: stadus on June 23, 2024, 08:43:11 AM

I know that as gamblers, everyone can relate to this question, as we have surely experienced it in real situations.

Surely it is the journey of most gamblers. Greed is reason for most loses. You could see winning turning back to loses because of not gambling responsibly.

Quote from: stadus on June 23, 2024, 08:43:11 AM

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue?

I think for experienced gambler, you already may have had such experience where you stayed back and lost all because of such greed of refusing to wake away, like they say experience is the best teacher. I would work away faster when I'm winning in profit than when in lose.

Quote from: stadus on June 23, 2024, 08:43:11 AM

Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10?

There is this saying that he that is down fear no fall and that should be the scenario of this kind. If you have gambled away a large sum of your money away to the extent that you can only have the chance of one more bet from the left over of your bankroll, you would want to go ahead to bet it. The reason for this most times is that you want to think it could bring you luck that will help you recover your loses. Another point is you may see it as worthless having it when you have lost a greater percentage of your money. I think this will be the mind of gamblers, majority of gamblers when they have lost more.

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To me it is harder to quit when winning, but that's because I always stick to a limited balance I always set on beforehand, as many of my colleagues here. If the money allocated for betting evaporates, that's a clear game over for me; so it is more difficult to don't go greedy when I get profit because, although it is not, it is difficult not to see it as "free money". And you know what they say: what easy comes...

aioc

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Not every day can you grow your bankroll to five times, but I can easily quit with that five times profit and spend a glass of beer. I don't want to experience what I experienced so many times of doubling or tripling my bets only to lose everything I don't want to end up chasing my losses, so if it's five times the bankroll, I'll quit cashout and log out.
People should not be too greedy to want more; of course, it's different if you do not care about the outcome and you want to play for the sake of playing; you're playing just for the sake of playing.

KTChampions

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Quote from: stadus on June 23, 2024, 08:43:11 AM

I know that as gamblers, everyone can relate to this question, as we have surely experienced it in real situations.

Suppose our bankroll is $100 and it has already grown to $500, would you quit or continue? Conversely, if with our bankroll, we are down to $10, would you still continue or save the remaining $10? I used specific amounts to make it easier to discuss this situation. I understand that we all gamble with different amounts based on our income, but consider this as an example. You can mention any amount you want based on your personal experience; it doesn't matter.

First, you need to clearly define what you mean by the word quit. Do you mean a gambling session or gambling in general? Judging by the amount discussed, you mean only the session. In this case, there is no problem for me to stop at any time - I mainly place bets on sporting events and this process is initially very drawn out in time (sometimes a week passes from the bet to the receipt of the result, especially in the case of multi-bets).

Reid

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To quit when winning. When you are satisfied with the amount that you won, it's easier to cash it all out without feeling any regret. That's my opinion on that matter. While when we are losing it's gets harder and harder to stop because you are going for revenge and you want your money back at any way possible. This is actually where it all goes wrong when a gambler tries to chase his losses, he won't stop until he either get back all the losses or he want more win after he acquired the losses back.
Some winners might be greedy but if we have a bracket of when to withdraw then I think we will exit without any trouble.

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Quote from: Viscore on June 24, 2024, 04:55:41 AM

Quote from: Dr.Bitcoin_Strange on June 24, 2024, 04:33:35 AM

This topic makes me remember and relate it to this one: "The real winning of gambling is withdrawals."

We could use that as a basis and compare on how many times we withdraw versus the times we deposit.

Personally, I can say that I have more deposits, so I don't need to check my record if I'm doing fine because I would only be upset, lol.

Quote from: Dr.Bitcoin_Strange on June 24, 2024, 04:33:35 AM

While gambling, if you are winning and you decide not to withdraw your profit, you may still end up losing them all in the casino, and that is why I will personally withdraw my winnings and only leave to withdraw a small amount, which I can use later to gamble with.

Just as you have said, @OP, let's assume I have a $100 bankroll and I increase it to $500. That means I have made a profit of $400, right? What I will do is withdraw the $400 and only leave the $100 I initially started with. I don't have to wait until I have lost almost all the money up to $10.

That's a safe strategy. At least with that $100, when we gamble, it doesn't give us a lot of pressure anymore. I hope we will be able to stay disciplined, as there are gamblers who get affected and chase their losses. So, in your case, if you win and have withdrawn the $400 but lose the $100, do you think it would be easy for you to walk away with that $400 after losing the remaining $100, or would you feel challenged and think about depositing again?

If perhaps am not able to increase the $100 far more and I ended up to lose all of it just in one day, I will definitely leave and not repeat again through out that day but if I had allow all the $500 to site in my casino balance, I will definitely have the urge to keep trying luck and before you realize it, i must have already lose all the money, so it's better to save yourself of the temptation and withdraw your profit, leaving behind the amount you are willing to gambling off. I don't love to spend too much on gambling just in one day, $100 is even too much to waste just in a daily staking.

Topic: Which is easier, to quit when winning or to quit when losing? - page 12. (Read 2318 times)