There's a popular remark among gamblers in the part of my country I reside. The saying is expressed like this "if you quit that's when you lose". They use this statement to encourage and give futuristic hope to themselves that no matter how much they loss today or how many wagers they have lost they don't need to quit as it's possible you may be the next jackpot winner tomorrow. For it's like say don't quit yet there may be a light at the end of the tunnel.
From what I observed from this statement is that, many of these gamblers have been misled by this very remark of a hypothetical hope which has liquidated their account. While some who would have quit gambling long ago still hedge their hope on the idea behind the statement and keeps wagering.
Now let's take this to a discuss; how correct is this statement? And is there any similar statement like that in your home-country that's popularly used among gamblers to encourage themselves from quiting gambling because they're losing?
Or would you allow your decision to quit gambling to be affected by any popular statement among your fellow gamblers or it's a no no thing for you?
It's the sort of psychological trick that gamblers have to do in order to rationalize losing money, because let's face it - losing money is painful and is basically an admission that they made a stupid mistake. It has no truth in reality however, because most casino games are totally detached from all past and future goes. Barring sophisticated algorithms that modern casinos might use to get players to keep depositing more, the casino is a for profit business and they make that profit by draining the bank accounts of players. The only people who are making regular long term money inside a casino are the owners and the staff that they pay to keep things running. They are trying to make it analogous to owning shares in the stock market - where a company has the potential to bounce back, but it's nothing like that.