This is my contribution to this thread there are actually lots of good ones but this one is personal and still trying to apply to my gambling session.
Hoping to recoup is what ruins the gambler.
Hoping to recoup is what ruins the gambler. Baltasar Gracián y Morales, a 17th century philosopher.
I'm surprised that this philosophy already exists in the 17th century I thought, just recently or in our generation where gambling is very rampant.
Yeah I'm so shocked that most of this philosophies already existed far back in the 17th centuries which simply implies that out forefathers where more gamblers than we could Imagined.
I saw this thread and had to google but was shocked how most of the quotes were from heats back.
I also love the quote shared here as truly hoping to recoup will definitely ruine the gambler over the time were see how much people try to chase their losses but only ended up making more loses and that is why I always tell people to know when to draw the line and when to pause gambling when the losses are getting much in a role rather than trying to recoup those loses.
This part is true because you said that the more we gamblers think about recovering our losses, it only increases instead of stopping or cooling down first because it shows that we are not lucky when we gamble we
That's why our fellow gamblers always say that we should only gamble with the amount that we can afford to lose, not the same budget that will be used for our gambling table.