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?
That statement is false and misleading. The only similar statement I have read which makes sense is when you are in the bear market and you are holding bitcoin. You only lose when you sell at lose.
Come to gambling, the statement is erroneous but somehow universal.
A man told me that the only way to get money is to continue chasing money with money and how to chase the money is to gamble. That every gambler has a winning day.