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?
I don't think this statement is really correct. The rationale behind it I can understand and it makes sense to a certain extent, but I don't think it's a good advice to follow. It's true that once you stop gambling that you lose all your chances of recovering your previous losses, it also means that we can't lose more money. The question is also does it mean quitting gambling forever, or only to stop gambling for some time. Because when we are having a bad day and are only losing at the casino, I think it's better to take a break instead of chasing our losses. We can only lose our money once and it's better to spread it out to try again on another day than going Allin. The most common saying when it comes to gambling in my country is "don't gamble with money that you can't afford to lose". My father who never visited a casino likes to tell me another saying when I tell him about my gambling adventures: "sometimes you lose and sometimes the casino wins".