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Topic: Why one should apply wisdom when gambling! - page 2. (Read 343 times)

hero member
Activity: 1484
Merit: 928
September 23, 2024, 11:01:34 AM
#31
Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.
When we are already winning in our games, even if we have the opportunity to cash out, we are always greedy, we always want to win everything. I am sure something like this will have happened to most gambler before. Sometimes we are supposed to learn how to take the little that we have already made, but most people are always finding it difficult. What happened to you has happened to me multiple times. I do have the opportunity to cash out, but I will still be confident in my prediction and am going to leave it. I will want all matches to be played, which at the end, I do lose sometimes.

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.
You played 26 games, that’s kind of much to me, you should expect something like this to happen, you should have just cashed out when you had the opportunity, if I will be honest with you, 26 games is just kind of much.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
September 23, 2024, 10:25:30 AM
#30

The reason why it is important to gamble smart is because there's a difference between gambling and having the wisdom to make good decisions. Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.
Chasing losses is something that is common amongst amateur Gamblers, but then even the gamblers who are experienced at times are suffering this same fate but then how well we keep it in control and check makes the difference because that is what keeps a disciplined gambler from a regular gambler who's going to be an addict.

Anyways successfully Gamblers are not successful because they don't chase losses actually, sometimes it's just their ability to have all of their emotions in check and remain consistent with how they manage their funds and how they make their stakes but in your case you were very lucky and you cashed out because it was possible  the game wouldn't have been won as in gambling anything is possible at anytime and so we can not put all our hope on gambling all the time.
hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
September 23, 2024, 09:44:33 AM
#29
The reason why it is important to gamble smart is because there's a difference between gambling and having the wisdom to make good decisions. Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.

That must have been heartbreaking for you, the first time I encountered this, not being able to cash out when I should. I have a hard time sleeping and have had depression for days.

Its a hard pill to swallow.. The only consolation is you get to experience how one should not be to greedy for profit when it comes to gambling and if you are tempted to take a shot or take a risk for additional profit, you should be comfortable with the outcome.

I think common sense and control is what gamblers need, whenever they log in to gamble because you never know what situation you will face, Even though you are trying to have fun, there are some challenging moments.
hero member
Activity: 2632
Merit: 626
Vave.com - Crypto Casino
September 23, 2024, 09:38:30 AM
#28

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.

Some gamblers have argued that introduction of cash out is antithetical to having a good win or huge win on their game while some too have argued that the cash out system provides them a good leverage to decide to stay longer into the game or decide to cut off their winning potential where they are no longer comfortable with the game and ending up in total lose.

Truly in gambling you win or lose but with the cash out, it is now easier to record accumulated bit by bit wins whose profit can amount to bigger wins. So to watch half of your profit run away from you because you want to go all the way winning the total potential isn't quite rational. Therefore, the wisdom there would have been to cash out and use a good amount to then replay that last one game that later cut. This is the wisdom instead of trying to win all.
hero member
Activity: 1498
Merit: 501
DGbet.fun - Crypto Sportsbook
September 23, 2024, 09:36:49 AM
#27
.............
The reason why it is important to gamble smart is because there's a difference between gambling and having the wisdom to make good decisions. Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.

I go along with smart gambling being vital in striking the fine line between relishing the game and refraining from getting engulfed by significant losses. On some occasions, calling it a day or not chasing after the losses is the smartest action though tough at that moment. It really testifies to the weight of controlling your emotions and not allowing such an appetite to overcome you, wanting to "win back" what you've lost.

Wins and losses are transient in gambling. However, with a little intelligence and some common sense, one can steer clear of the greed trap. Quitting is just quitting, one small part of being in control among many others. In the long run, discipline, and the capacity for rational thinking are more valuable than quick riches.
Indeed, the mind is a sentinel between the two regions of paradise of enjoyment and the gloom of night, a gambler who knows how to be diplomatic with this sentinel will expand the region of paradise and as the name suggests, here there are only the most pleasant emotions that we receive. But perhaps this dexterity is not established permanently, simply the intellect creates too strict points, the gambler always needs to look at the expression of the guard to make a choice, and a person who lives with ambition will like to cross this boundary and attack the dark zone to expand more interest, unfortunately this dark zone only exists the so-called despair
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
September 23, 2024, 09:03:19 AM
#26
There are some very crucial skills when we are going to gamble that we must have. At least, we really have and want to be wise and responsible. because, wise and responsible can influence the way of looking at things, mindset, targets, tactics, strategies, and also self-management that is much more appropriate.

and at least, it must be:
  • Understand and Familiarize the rules of the game
  • Prefer to real game statistics
  • Gambling is for entertainment, so stop immediately once you're losing.
  • affordable and realistic budget.

and more here we can take:

Source: Wise and Responsible Betting in Gambling

being wise and responsible in gambling is not easy, especially with the various temptations about both. Therefore, it does require thorough preparation and also efforts so that we stay to be wise and responsible for any action and decision to take.
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
September 23, 2024, 08:51:58 AM
#25

It is understandable that some gamblers would really opt not to cash out because they have the target to win big. And we all know that hitting such multiplier is like punch in the air, most of the time. If I was in the OP's position, I might have cashed out especially if I was not very sure about the last bet. Because I already learned my lesson so many times - if I have the chance to get something from my bets, I will.
So don't get too greedy or else, you won't get any penny after seeing such good amount of money. You will end up with heartaches instead.
Not sometimes, but we definitely want maximum winnings from the bets we make. I can understand that feeling because I also experienced it. But when we are not sure about the last match, then I will not think twice to cash it out at that time, because I don't want to take risks and I don't want to regret it in the end. It doesn't mean we won't regret it when we cash it out, because if the last match is on our side, then we will regret it too.
All decisions are in our own hands, so make sure we are ready for the risk, cashing out or not, don't make us regret it because it is our own decision. Very often in a situation like this, and I am sure all gamblers who bet will always be in a situation like this.
sr. member
Activity: 1106
Merit: 397
Duelbits
September 23, 2024, 08:50:33 AM
#24
.............
The reason why it is important to gamble smart is because there's a difference between gambling and having the wisdom to make good decisions. Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.

I go along with smart gambling being vital in striking the fine line between relishing the game and refraining from getting engulfed by significant losses. On some occasions, calling it a day or not chasing after the losses is the smartest action though tough at that moment. It really testifies to the weight of controlling your emotions and not allowing such an appetite to overcome you, wanting to "win back" what you've lost.

Wins and losses are transient in gambling. However, with a little intelligence and some common sense, one can steer clear of the greed trap. Quitting is just quitting, one small part of being in control among many others. In the long run, discipline, and the capacity for rational thinking are more valuable than quick riches.
member
Activity: 154
Merit: 47
September 23, 2024, 08:00:04 AM
#23
You should have added more parlays with different permutations and combinations to your remaining bets to ensure guaranteed profit.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
September 23, 2024, 07:58:34 AM
#22
Of a truth, no one loves to cash out more than I do. As I mentioned in my post, I recently cashed out on a game that won, which made me overlook this one, hoping the remaining two games left before they gave me the cash out would win. It was my previous experience that made me hold off on this one, but lesson learned.
At least cashing in is better because you have learned from previous experiences so instead of waiting uncertainly it is better to take this opportunity.

Several times in situations like yours, I have allowed not to cashout but what happened the last match even lost and only regret happened at that time, then there is another opportunity like this then it is better to cashot than to let it.

Let people dislike and prefer to finish first but the chance is still in a 50% state, sometimes with the favored team can lose this can make us even more upset.

It is understandable that some gamblers would really opt not to cash out because they have the target to win big. And we all know that hitting such multiplier is like punch in the air, most of the time. If I was in the OP's position, I might have cashed out especially if I was not very sure about the last bet. Because I already learned my lesson so many times - if I have the chance to get something from my bets, I will.
So don't get too greedy or else, you won't get any penny after seeing such good amount of money. You will end up with heartaches instead.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
September 23, 2024, 07:54:42 AM
#21
Wisdom is the ability to stop in time. But until you lose, you do not make such conclusions. Where is the wisdom here? However, if you do not waste energy and emotions on experiencing those steps that you think were wrong, you are also wise, since, unfortunately, nothing can be returned, but you must motivate yourself by the fact that you have acquired another experience that can help you next time.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
September 23, 2024, 07:48:52 AM
#20
Of a truth, no one loves to cash out more than I do. As I mentioned in my post, I recently cashed out on a game that won, which made me overlook this one, hoping the remaining two games left before they gave me the cash out would win. It was my previous experience that made me hold off on this one, but lesson learned.
At least cashing in is better because you have learned from previous experiences so instead of waiting uncertainly it is better to take this opportunity.

Several times in situations like yours, I have allowed not to cashout but what happened the last match even lost and only regret happened at that time, then there is another opportunity like this then it is better to cashot than to let it.

Let people dislike and prefer to finish first but the chance is still in a 50% state, sometimes with the favored team can lose this can make us even more upset.
hero member
Activity: 938
Merit: 703
September 23, 2024, 07:40:02 AM
#19
Once again, I encounter the nonsense of multiple betting methods and the relationship between sports betting beside hitting a jackpot. When someone places a bet on more than two matches, the odds increases significantly and tempting you with huge returns from a small wager. Some bettors spend thousands of dollars and place hundreds of bets daily, hoping to catch a rare chance at a massive win, just to realize that what they have lost is way beyond what a maximum profit from multiple bets can be surprise you.

However, the harsh truth about multiple betting is that the odds of winning are extremely slight once you start applying mathematical analysis. As in your example, getting 26 correct bets without losing any is not just difficult, but it's nearly impossible. In my opinion, this isn’t about wisdom or anything else, it's simply a matter of pure luck and greed. Betting on multiple outcomes is similar to playing Plinko or any other game with high odds but very low probabilities of winning.
hero member
Activity: 2702
Merit: 672
I don't request loans~
September 23, 2024, 07:39:28 AM
#18
~
Honestly thought it was wisdom cuz you wanted to stop but didn't and won lol. It's honestly not even sticking to your bets (or sticking to them), it's just being able to handle the things that happen afterward. Whether you win, lose, get pissed, get mad, regret, you should be able to handle that calmly and skillfully to the point where you won't get swayed to spend more.

Honestly the only real "wise" thing a gambler can do is to, well, not gamble at all. Outside of that, there's just that dumb bit to us that keep on playing even though we know we all lose out in the end but hey, it can simply just be the price for having fun.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
September 23, 2024, 07:34:13 AM
#17
The reason why it is important to gamble smart is because there's a difference between gambling and having the wisdom to make good decisions. Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.

In gambling, you win some and lose some. But in all things, let's strive to make smart decisions and avoid letting greed take over. Cut 1 game out of the 26 I played Yesterday.
While that is true that we win some and lose some but if I am on that shoe, I'll chase the profit instead. It doesn't matter if I win that bet or not as long as I've got guaranteed profit and my capital is back, that's already fine for me. It depends on your goal and for sure that many will continue with that bet even if there's already a guaranteed profit that you can choose to cash out.

But maybe next time OP if you will be in the same situation again, you'll choose to cash out. I know that it is tempting to proceed with the potential winnings but you have to choose what is best for you. No problem if you continue and won't choose to cash out but if you're in need of money and you just want to take that home happily, control your emotion and withdraw.
sr. member
Activity: 294
Merit: 433
HODL - BTC
September 23, 2024, 07:28:05 AM
#16
I've never succeeded with more than 20 matches in one bet... This time you have the opportunity to cashout so do it, especially if you bet a small amount of less than $1 while a big opportunity is in front of you.

If you profit in front of your eyes... It will not take long for the cashout button to be pressed instead of letting wait for another uncertain match.

You may be free to do so... I don't think you should let this opportunity pass you by.
hero member
Activity: 1260
Merit: 561
Leading Crypto Sports Betting & Casino Platform
September 23, 2024, 07:23:29 AM
#15
Of a truth, no one loves to cash out more than I do. As I mentioned in my post, I recently cashed out on a game that won, which made me overlook this one, hoping the remaining two games left before they gave me the cash out would win. It was my previous experience that made me hold off on this one, but lesson learned.

Actually, the pot win is enough reason for us to understand why you didn't cash out at 23 games. It's not a mistake as most other people would say, gambling is always both sides, and we must choose an option. Moreover, the pain would have tripled assuming you withdrew and ended up winning the 26 games. But it will not be as bad as winning nothing.
full member
Activity: 160
Merit: 84
September 23, 2024, 07:01:56 AM
#14
Of a truth, no one loves to cash out more than I do. As I mentioned in my post, I recently cashed out on a game that won, which made me overlook this one, hoping the remaining two games left before they gave me the cash out would win. It was my previous experience that made me hold off on this one, but lesson learned.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
September 23, 2024, 07:01:38 AM
#13
Normally, I would have cashed out on this game, but because of my previous experience, I decided to leave it and still ended up losing everything. However, I find solace in the fact that a successful gambler doesn't chase losses and is able to control their emotions during both winning and losing days.


If I understand you correctly, you didn't cash out at this point and ended up losing everything?

I won't call that wise, I can say brave and bold decision but it's not smart, if you have cashed out at this point you still have made money instead of losing anything and you're not in control you got tempted from your previous experiences for the sake.

I won't mind cashing out and even if I won the game after cashing out, I still can claim that I made atleast some to call it a day.
hero member
Activity: 700
Merit: 673
September 23, 2024, 06:08:04 AM
#12
Don't be greedy, it's better to cashout than lose it all. Cheesy
I wonder how many more matches are left to win this whole bet? The multiplier is already quite big while you bet a small amount, I guess I calculated 150K NGN that's about $80 more which is quite a decent amount of money for you.
Some gamblers will argue otherwise, but for me, I'm always of the opinion of going for a cashout where necessary. As long as there is profit from the amount that I initially used to place the bet, I will cash out.
 
Besides, anyone who places a bet for more than 6 games, which they can't follow up on, can't say it's for fun alone again, so they should just take the profit and minimise the risk of losing all.
 
That cashout should be around $91 if converted from my local currency to USD using the current exchange rate.
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