Quote from: Silberman on Today at 05:33:37 AM

Quote from: Dewi Aries on November 21, 2023, 01:12:35 PM

Quote from: rodskee on November 21, 2023, 04:54:34 AM

With my experiences in Gambling , then yah I will Cash Out because I know that
I can never beat the house and my luck is limited and if time ends? I made sure that I already withdraw
my winnings and wont let the Gambling site take those from me again like what id does in the past gaming
in which I am always the loser.

Good if that's the case, the mindset that many people should have when they bet is to cash out when they get a win even if it's small, because as you said it won't be easy to beat the house, and it's also impossible to beat the system that has been created. It will be difficult even almost impossible to beat easily. They play like there is no risk that will happen to them so they play confidently to get a big win, even though they have lost a lot of money, but still chase a vague victory. That is greed, and dissatisfaction is also what they feel when they win a small amount, so they feel dissatisfied with the winnings they get and continue the game by increasing the bet amount.

Another reason to cash out immediately after a big win is simply that this is the right thing to do as it is part of the philosophy of this market, after all Satoshi created bitcoin to allow people to become their own banks, and if you let a third party to store your coins instead of doing it yourself, you are simply going against the intended goals of this market, and while it can be done and you can get away with it we have seen many people doing this before and losing their money because of this decision.

I believe you are confusing "withdrawal" with "cashout". withdrawal is when you want to withdraw money from your balance account while cashout is when you place a bet on a specific game and during that same game the team you bet on is winning as there are still a few minutes left to finish the game so the bookmakers Bets allow you to cancel bets and keep those winnings from that moment, to make it easier to understand: imagine that you placed a bet on the Brazil versus Argentina game. you bet that argentina would win and the odds for argentina to win are 2.50 so you watch the game, in the 1st half argentina scores 3 goals and brazil doesn't score any goals

you placed 10$ on this bet, then the game starts at 2half, it turns out that at 70 minutes you see that there is already a cashout option of 17$, you can cancel the bet and end up with 17$ or you can not cancel the bet and wait for the game finish because then you will be left with 25$ if the game ends with Argentina's victory, the problem with this is that in a football game while the game is not over it is still possible that it will end in a draw, which is why making cashout in certain situations is a good choice, I hope that with my explanation you can understand what the thread is talking about, I'm not an expert in explaining things, so I hope you can understand