Which is easier, to quit when winning or to quit when losing? - page 13.

Casdinyard

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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.

Which is way more easier to deal with, the regret of knowing you can win more, or the regret of knowing you could've saved all those wins had you just been half sensible and more careful with your bets and actions? This is the reason why there's a saying called "quitting while you're ahead". You can't let the enemy inch an advantage against you because when they do get that advantage, no matter how miniscule, they could make a mile out of it and make you lose everything, as is the case with casinos.

So while it's way easier in theory to quit when you're losing cause you literally have no money to play with anymore, it's way more fulfilling to stop while you're winning and grab profits whenever possible. Saves you the burden of having to revenge gamble too.

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Anyone who understands that it is impossible to win again and again will accept his winnings and leave thinking that today is enough. However, some players will always be tormented by the greed of others and the hope of large sums, which most often leads them to lose. I believe that every player has his steps with which he can raise the stakes, relying on his intuition. Experience is always important here; if you know you won once and were able to leave on time, then you can do it again. If not, the game will give you different experiences and lessons to learn.

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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?

Dr.Bitcoin_Strange

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

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.

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Quote from: darkangel11 on June 23, 2024, 03:09:45 PM

It's much easier to stop when you're winning. Most people have a goal when they start to gamble and they have some ideas of what they'd spend the money on. When they double it, it's already enough for many people, but OP gave an example of going to $500 from $100, so that would make most people quit, or partially quit, withdrawing $400 and leaving the last $100 to check if the luck is still there and they can squeeze out more. IN my case I'd play it safe and withdraw at least $450 and leave $50 for another bet when I'm in the mood.
When you're down to $10 most people will say fuck it, saving $10 won't make losing $90 any easier Wink

That's a good answer, so the gamblers can still enjoy the profit even they lose in their next gambling session rather than risking all the $500 in order to earn more. Sometimes we're really lucky and can multiply our bankroll for short time, if we're stop to gamble, we will not feel happy because we're still want to gamble.

Yeah there's no point o save the remaining $10, you can wait till next week or month to reload your bankroll.

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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 a player manages to make his bankroll double to 5x, he will definitely be faced with difficult choices, because gambling when winning or losing is not an easy thing to stop., but if I can make my bankroll multiplied up to 5x and decide to continues until only $ 10 remains then there is no reason to stop and save the rest, I will continue the game even if it finally makes my balance run out then should be because there is already a much more fund lost so losing 10% of the initial deposit amount is just like completing the game session at that time.
If I want to stop it should be done when the balance is still quite a lot or more than the initial bankroll, or withdrawing some of the existing funds and the rest in the account is used for the game session tomorrow, I withdraw more often even if it's partially, because sometimes when I get a large enough profit the game becomes boring.

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Quote from: Jawhead999 on June 23, 2024, 09:05:35 AM

I will quit if I've make $500 and I will keep gamble instead of save the remaining $10, because I have a specific target when I want to withdraw my money and I've budgeting my weekly gambling activity, so I don't have to save my remaining money in order to gamble in the next week.

Let's say I budgeted $40 per month, which mean I will gamble $10 per week, so I will gamble until I met the specific target or gamble it all.

So you have an allocated amount that you can afford to lose and you will not stop until you lose everything, right? What about your target for winning? Do you set that as well? In this discussion, we are talking about a $100 bankroll, so what's your target profit from your original bankroll?

Quote from: Oshosondy on June 23, 2024, 08:48:48 AM

My work makes me to be busy during week days and I may not gamble until the weekend.

How do you manage your gambling that it will not affect your work in a negative way? I'm just curious as I'm reading some comments before that they got distracted when they are gambling at work.

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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.

For me now, i would say it is easier for me to quit when losing, morever if i already grown my bankroll. I learnt from my experiences, i used to be an addicted gambler who never quit when winning or even when i already got any loss.

But, i'm feeling lucky when i got realized that i am addicted to gamble. So, the point is we should be aware of what we are doing, whatever it is, always think about the positive and negative ways of our acts. If you had that awareness, trust me, you will get my point, and will be a "responsible gambler", and not an "addicted gambler" as i used to be.

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Quote from: Quidat on June 23, 2024, 04:56:22 PM

Quote from: Yatsan on June 23, 2024, 09:33:03 AM

Personally, I find it harder to quit when I'm winning. Greed will be constant to many of us and it takes strong self-discipline to over come it. One reason why I think quitting when you're in loss is easier, is because of financial limitations wherein you will come to a point that you no longer have an amount to gamble forcing you to quit. Unlike with when you are winning, basically you have enough margin to continue and not to mention the idea that you could bet for more because you might be lucky that time and such thing does not happen on a daily basis. Fortunately I managed to cope up with greed. I now track my win-loss data to help me be consistent with monitoring the money I am engaging in gambling activities.

Well, for sure it is not the same to all of us. Some people will be doing anything to continue despite of loss and due to frustrations, however, the reaosn why many gamblers are in loss is because they lack control of oneself to secure profit at least if you have the game for that day.

When greed kicks in, then this is the moment that you would really be finding yourself having that kind of situation on which you have made your small capital into big ones because of winning or simply being lucky then on that particular point you would really be thinking about having that luck all the way on that point on which having those thoughts or feelings that you could really be able to do
such thing when it comes to winning up the game even further and making those balance way more bigger on which you had already that anticipated. If you would be able to make it big then good for you
because luck is on your side on that point but majority will really be busting all of those winnings back into the casino on which this one would really be leading up into such huge regret on the moment that you will really be losing up.

Yes that's right and maybe I will simplify your idea above about gamblers who cannot ignore greed in themselves, in the sense that when they are in a lucky situation that makes them win big usually they will think that by continuing then they will be able to get a much bigger amount of winnings, in the sense that they feel that luck will last longer, even though however it can never be known, because after all the name of luck is something that will come without being invited and leave without saying goodbye.P

And in the end as you said that often gamblers who apply greed end up in a worrying situation, in the sense that all the winnings they have managed to get back to the casino due to intolerable losses. It is clear that this is the reason why applying greed is always prohibited in gambling, because there is absolutely no certainty for you to get a bigger amount, so it is better to avoid such actions if you do not want to end up with regrets.

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It will be much easier for me to exit when I'm winning and have already won something on top of my initial bankroll. Reaching $500 from $100 is a lot, I wouldn't even wait that much. If I start with $100, reach $200, and start losing, I will stop immediately because more than 50% of your initial bankroll is more than enough for you in a single gambling session and if someone doesn't take that much profit, they are doing it wrong.

I know that most people don't stop when they have already won a significant amount because they have lost more than that in their previous sessions, but that doesn't make things any better, if you take the profit and exit, you will at least have something recovered from what you have lost previously.

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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 think this would certainly be an individual difference thing though... I could personally decide to not stop wagering as long as I'm winning, but others could wanna stop wagering and prefer to do the opposite when they're losing... Now that makes alot of sense to have a bankroll... That's exactly the only way to control your actions EITHERWAYS.

"It looks like I'm treading water and I'm not floating if I decide to keep wagering when I'm pulling up a huge number of lost tickets". Another big disadvantage of wagering in a losing spree is that you may be tempted to drain yourself, just to see how could recover atleast a half of what you lost already.

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Quote from: Yatsan on June 23, 2024, 09:33:03 AM

Personally, I find it harder to quit when I'm winning. Greed will be constant to many of us and it takes strong self-discipline to over come it. One reason why I think quitting when you're in loss is easier, is because of financial limitations wherein you will come to a point that you no longer have an amount to gamble forcing you to quit. Unlike with when you are winning, basically you have enough margin to continue and not to mention the idea that you could bet for more because you might be lucky that time and such thing does not happen on a daily basis. Fortunately I managed to cope up with greed. I now track my win-loss data to help me be consistent with monitoring the money I am engaging in gambling activities.

Well, for sure it is not the same to all of us. Some people will be doing anything to continue despite of loss and due to frustrations, however, the reaosn why many gamblers are in loss is because they lack control of oneself to secure profit at least if you have the game for that day.

When greed kicks in, then this is the moment that you would really be finding yourself having that kind of situation on which you have made your small capital into big ones because of winning or simply being lucky then on that particular point you would really be thinking about having that luck all the way on that point on which having those thoughts or feelings that you could really be able to do
such thing when it comes to winning up the game even further and making those balance way more bigger on which you had already that anticipated. If you would be able to make it big then good for you
because luck is on your side on that point but majority will really be busting all of those winnings back into the casino on which this one would really be leading up into such huge regret on the moment that you will really be losing up.

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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.

It's easier for people to stop gambling after losing a lot, especially after playing for years, destroying their lives and falling into addiction. In most cases, people stop playing forever only when they have lost everything and no longer have the money to continue playing. These are very small cases in which people play and even though they have the money to continue playing they manage to say: "tomorrow I'm going to stop playing forever" and tomorrow arrives and they actually stop playing and are fine with that decision. In these cases, it shows that the person had not reached the stage of becoming dependent on gambling

When people win a lot of money gambling, the tendency of most people will be to continue playing and then lose everything. This happens to people who play slots, sports betting, all card games. only people who participate in lotteries and when they hit the jackpot and become rich they immediately stop playing forever, but in most cases they spend all their money on nonsense and become poor and then go back to buying lottery tickets and never win again

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Well, for me, I have my own rules or discipline, so for example, if I have a capital of $100 and at some point I am playing gambling and I notice that I have already won an amount double my initial capital or more than my capital, let's say $500 as an OP example, then I would stop from there. Why? Because I already doubled my capital, but in some cases, if I still want to enjoy playing, then I will keep the $200 safe and secure it, making sure that I will not use it to gamble again, and the remaining $300 will be the funds that I will use to gamble more, so no matter what happens to that, I will not regret it. That's it. But if, of course, I'm losing, and I notice that I only have $10 left, I will still use it or gamble it, because, as I said, whenever I play gambling, I have specific funds to use, and if I lose it or double it, that's it—nothing more, nothing less.

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Quote from: Hatchy on June 23, 2024, 01:09:53 PM

The choice most time can be hard to make. Though as a gambler we should be able to make good choices that would help us reduce our risk of losing. Our Choice would determine how far we will win or lose.if for any reason you have made more profit from what you have deposited initially, then you might be wise enough to withdraw. You might consider continuing but you have to make good strategy before going on. You might also stop after making lose. Most time gamblers becomes greedy and may want to keep playing which eventually will lead them to loss.

You know, choices can only be hard to make if you don’t stick to your goal. If you are seeing already a huge profits on your bankroll, then there’s no reason anymore to gamble more because that will only make you prone of losing your profits and return to the casino. Don’t be too greedy when it comes to money, otherwise you will only get the reverse of it. Instead, be contented even with not so big profits, remember that gambling cannot guarantee winning at all times, you’re even lucky if you already made a good amount.

Sometimes, it’s easy to just quit when you are still winning compared to when you’re seeing your money being used up. At least, you don’t go home with empty pocket, and if you plan to gamble more, you can do it in some other time when you think you’ll be lucky again.

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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?

in this situation, for me, it'll be easier to quit if my bankroll is down to $10. my logic with this would be, that it is not my day and I need to have a break and I can just use the remaining balance the next time I am going to gamble. on the other hand, if my bankroll has increased from $100 to $500 my mindset would be, that it is probably my day and I would probably continue gambling and further try my luck, that being said, I don't plan on gambling all my winnings away.

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The temptation to continue playing after winning is more real and stronger than when you lose.

There are at least two supporting factors that make me choose to stop when I experience defeat. The first factor is because I run out of capital to place another bet, and the second factor is because losing requires me to feel pessimistic that the next bet will go well and make a profit. Although sometimes losing can make us even more curious about gambling so we choose to continue playing and look for additional capital to bet. However, I was still able to restrain myself from continuing the game, because for me losing was a bad sign.

Meanwhile, when I won, to be honest, I found it quite difficult to decide to stop gambling. Because the temptation I received was so strong, apart from making me more curious, it also made me more confident in continuing the game, because I often thought that victory and luck were on my side. And to prevent that from happening, I always ask for help from those closest to me to accompany me in playing, so that if I get out of control when I win, there are my friends who try to make me aware of that behavior.

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

~

Idk, if I'm having fun I'd continue. But if I'm satisfied, I'll stop and have fun with that $500 in my next session. I've always said that I leave the money I win in the casino for my next session usually, rarely do I actually withdraw it. It's usually a minus to my usual bankroll deposit and in this case, that's like 5 more sessions of me not having to deposit! Sounds like a win.

As for the $10 one, hell yea why not. I can probably play quite a few with it still. Probably wouldn't last more than 10 minutes but hey, good enough for me.

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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.

I don't quit when I'm in a profit rather I take profit, let say I have made $500 , why would I quit? But I will take $400 off the table and continue to bet with the remaining $100 ,then when I'm down $10 the funds is already finished ,I will only call it a day the moment I have lost the entire money, because that $10 could possibly revive me into being in profit, so letting go that moment no longer make sense to me because it as much as losing the entire funds.

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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.

Well for me I think it's always easier to quit when you are at a win than when you are losing because from all my experience as a gambler and I feel lots of gamblers too can relate to this, it's better than to actually have a target to reach when the winning spree starts and when that targets reach you simply quite and leave because if you don't you will definitely encounter the opposite and that time it's a lot harder to quit.

Topic: Which is easier, to quit when winning or to quit when losing? - page 13. (Read 2303 times)