Think more about your financial status than your potential win

[Free Market Capitalist]

The problem with these stories is that people do not make conscious rational decisions; they let themselves be carried away by their emotions.

We ought to think of our financial status first whenever we have a huge cashout. Most times the cash out offer is probably an amount a particular individual have never seen before even his yearly pay is not up to that amount. Also, we should also consider what problem the cash out offer can solve for us instead of looking at the potential win.

You may think that today, but come Friday, you could go on a gambling spree. It's not uncommon for that to happen. People get carried away.

[Agbamoni]

We ought to think of our financial status first whenever we have a huge cashout. Most times the cash out offer is probably an amount a particular individual have never seen before even his yearly pay is not up to that amount. Also, we should also consider what problem the cash out offer can solve for us instead of looking at the potential win.

You may think that today, but come Friday, you could go on a gambling spree. It's not uncommon for that to happen. People get carried away.

No doubt people get carried away easily, but as for me, I have grown thick skin when it comes to making rational decisions. I may not be 100% discipline but I dont get carried away by uncertain payout. If the cash out is comfortable for me, I will cashout. Thats final.

[Versatile_choice]

The problem with these stories is that people do not make conscious rational decisions; they let themselves be carried away by their emotions.

We ought to think of our financial status first whenever we have a huge cashout. Most times the cash out offer is probably an amount a particular individual have never seen before even his yearly pay is not up to that amount. Also, we should also consider what problem the cash out offer can solve for us instead of looking at the potential win.

You may think that today, but come Friday, you could go on a gambling spree. It's not uncommon for that to happen. People get carried away.

Yeah, this is true alot of people easily get carried away during this process. As most of them will start calculating how long it will go if they end up getting the potential outcome at the same time considering the amount that is been offered to them as cash out. Before you know greed will just kick in, and they would rather hold on to it to get the full potential return without minding thier financial status. And yeah this has happened to several gamblers especially those who are not financially balance, they see everything as life changing opportunity.

[mak013]

I was scrolling through instagram and I came across this story
https://www.instagram.com/reel/DNqQIlNg99m/?igsh=cGJ5NGlveGY2ZzV3

This is a story of a poor man who played a sport betting game with little money but the potential win was big according to the story he was gifted an opportunity to cash in on a good amount that to his financial status is more than good for him but he decided not to and ended up with nothing.

First thing I do after placing a bet is see my potential win as not mine, those figures written as your potential win are dream money it’s never yours I don’t care if your last game is Real Madrid against a team in the fourth division of Iran’s league.
The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.
Your financial status is more essential than your potential win in deciding if you should cash out or not.

Money becomes yours` when you withdraw it. In my strategy i have money only for 2-3 bets on deposit, all money, that i win - i withdraw. When i make a bet, i mark it as expenses. I calculate profit only when i withdraw it.
The worst thing that you can do is too think about potential profit and plan how to spend it.
Also, if you a poor man - it would be better to use money for something more useful with less risks.

[Churchillvv]

Perhaps to some it better come as a whole than part and this logic makes them to loss more, while some getting half bread is better than a full loaf, it’s a matter of individual preference but then do I have to loss for any reason after getting a potential cash out? Nahhh! would better take that and try more times. Truth is man in the store my is going to ever live in the regret of that action.

[peter0425]

The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.

I get your point but a lot of people who gamble for money do think about their financial situation and in fact they think that if their financial situation is so bad they can improve it by gambling and winning big. They are that point of desperation where they have so little that they think they don’t have much to lose anymore.

[Joy_learns_crypto]

The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.

I get your point but a lot of people who gamble for money do think about their financial situation and in fact they think that if their financial situation is so bad they can improve it by gambling and winning big. They are that point of desperation where they have so little that they think they don’t have much to lose anymore.

Anyone that thinks their financial situation is bad and want to improve it but doesn’t cash out on an amount that is  life changing compared to the amount they own that person is actually not thinking about their financial condition.
Even in the midst of desperation to make your financial situation better you should still consider you uncertain chance of winning a bet a cash out is life line you can use to go with something.

[Gozie51]

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

Just like the man lost out on everything, so many other gamblers have also lost in regret. I have witnessed someone losing out on $1,000 because his potential is $5,100.

However in my area, some gamblers who vowed not to use cash out because of the potential that they finally lost at the end of the day when the bet they cashed out on eventually became successful are beginning to have a change of mind to use it as they have lost many cash out on a game that they later lost because they were focusing on their potential. Potential is just an audio money, it does not get to you until all games have turned out into your favour and many times you will lose. So why don't gamblers take what has been giving to them and move on to another bet but greed is one factor that doesn't allow gamblers to turn down on the potential winning. And some want to prove that they know how to analyze and predict games which should not matter to allow your cash out disappear for ever.

[Ruttoshi]

I was scrolling through instagram and I came
Your financial status is more essential than your potential win in deciding if you should cash out or not.

You are right OP. If all gamblers when gambling consider their financial status at that moment, I believe that majority of them will appreciate their little profits and limit their losses. Of course, it's the money in your casino account that is yours and not the one on your bet slip which is the main reason whenever, I see a cashout offer on parlay bet, I don't think twice but cashout to avoid story that touches.

However, greed can make a poor gambler to ignore the cashout offer because he has the dream of winning big and transform his standard of living with his bet but that's all illusion on your bet because the last game might end up cutting your slip.

[Accardo]

Perhaps to some it better come as a whole than part and this logic makes them to loss more, while some getting half bread is better than a full loaf, it’s a matter of individual preference but then do I have to loss for any reason after getting a potential cash out? Nahhh! would better take that and try more times. Truth is man in the store my is going to ever live in the regret of that action.

Op really shared a unique approach, the financial status has to be placed first, before potential win, I wouldn't add that greed is the reason for waiting for the potential win to actualize. However, risking everything knowing fully well that losing it all would lead to a harsh regret days after, due to the current financial status and responsibilities that would have been met with the cash out, it'll be nice to pick up the offered money and balance strong financial needs.

Because the potential win is not yet yours, take what's yours and leave, instead of losing it all entirely. Then, people who are sure of their financial status can aswell wait for the potential win. Lossing it won't be painful.

[rachael9385]

This is the simple truth, if you think about your financial status, you can hardly go wrong because at that point you will be gambling with what you can afford to lose. But if your mind is fixed on the potential win, you will not think straight because you will have the justification to do anything to achieve it. Most addicted gamblers started by looking at what they can achieve through gambling, forgetting that gambling is supposed to be mainly for passive income and not a source of income.

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

[Rockstarguy]

First thing I do after placing a bet is see my potential win as not mine, those figures written as your potential win are dream money it’s never yours I don’t care if your last game is Real Madrid against a team in the fourth division of Iran’s league.
The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.
Your financial status is more essential than your potential win in deciding if you should cash out or not.

It is really what gamblers need to consider while gambling because potential wins are not always certain. Many gamblers always fixate on the potential win as something very certain, and they miss the opportunity to cash out while gambling.

 Gambling is a game, and it is important for gamblers not to always think about winning the overall amount because the opportunity to cash out while the game is still going on may not come again.

[TheUltraElite]

Its a good point, first one should secure their financial position and then decide on betting. If someone is getting money regularly through a job they shouls not leave it but make sure it goes upwards in the corporate ladder and that money can be used to pay for needs which may include gambling.

But securing the first takes priority. Those who try to sell assets in order to get money to gamble make a poor choice.

[maydna]

You don't have to think about financial status when gambling. If  you see the potential win, you should take it and leave gambling. You can win full money in the match so cashing out when available is better to do. If you can wisely, you will not think about your financial status but will take the opportunity to get the money.

Gambling should be for fun so when the cash out is available, you should not take too long to click on that. Gambling is supposed to be for fun and not to make money but if you have a chance to make money when the cash out shows up, you can take it.

[summonerrk]

I was scrolling through instagram and I came across this story
https://www.instagram.com/reel/DNqQIlNg99m/?igsh=cGJ5NGlveGY2ZzV3

This is a story of a poor man who played a sport betting game with little money but the potential win was big according to the story he was gifted an opportunity to cash in on a good amount that to his financial status is more than good for him but he decided not to and ended up with nothing.

First thing I do after placing a bet is see my potential win as not mine, those figures written as your potential win are dream money it’s never yours I don’t care if your last game is Real Madrid against a team in the fourth division of Iran’s league.
The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.
Your financial status is more essential than your potential win in deciding if you should cash out or not.

You are saying absolutely right things, but unfortunately, our human nature is such that we always want to believe in the good. Therefore, bookmakers, as well as online casinos, take advantage of this and it confuses us with our analytical component and we begin to feel with our heart and emotions, which, of course, is very bad in any world where analytics and calculation of chances are needed.

[blomen]

it's easy to judge yourself when you get a chance like this and then lose it. you think, “what if i had cashed out?”

but when you have the chance to win something much bigger, especially when you have the chance to win such a large amount of money, i don't think any gambler would settle for a 10% win. that goes directly against the nature of gambling.

[Shinpako09]

That’s why it’s very important to only gamble what you can afford to lose. It’s not bad to dream or wish for a big win, let’s admit it, that’s what we all want in gambling, but we shouldn’t dwell on it too much, because it will only lead to destruction instead of focusing on the game. The story clearly shows he let his emotions take over instead of cashing out. Greed consumed his mind. It’s like he was given a meter but wanted to take a mile. Well, some gamblers really don’t have contentment, especially when they’re faced with the very thing they’ve been dreaming of.

[Maslate]

You can actually think of both, but first you need to look at your own status. There’s a simple rule we should follow: only gamble what you can afford to lose. By checking your financial situation, you’ll know if you’re capable or not (just be honest with yourself).

After that, then you gamble - it’s fine to aim high, but we shouldn’t forget our limits. That’s what we call responsible gambling. And really, gambling is for anyone who can afford it, whether poor or rich, because these days it’s not even that expensive. You can gamble with less than a dollar and still enjoy it.

[Oluwa-btc]

This is a story of a poor man who played a sport betting game with little money but the potential win was big according to the story he was gifted an opportunity to cash in on a good amount that to his financial status is more than good for him but he decided not to and ended up with nothing.

I tell you there's much need to pay close attention to ones financial status other than a win in gambling, it gives a special confidence of gambling safe but alot of gamblers tend to neglect the issue of setting their financial status as a priority. This is a thing of decision provided your gambling responsibly you would take heed of the signs of when to go in or not.

[MAAManda]

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