I am interested to know your personal perspective and experience as well. I understand that as gamblers, we have different financial statuses in life. Some gamble for fun, while others are very serious about it. Can you relate to the question and answer it? How realistic is your target profit when gambling? Are you already happy with a 100% return, or do you want a 1000% return? Please use figures in your explanation so we can understand it better.
I used to gamble with no objective in mind on how much i need to win before calling it a day and it seems that the result was not very nice at all as often times i ended with nothing. To date, i changed my strategy and i targeted a 100% percent return and if i already hit my target then i quit and came back again on the other day, this strategy is working fine with me now as my win rate has improved drastically.
It is difficult to target profits when gambling, especially with 100% or 1000% because in my opinion, profits when gambling are uncertain, often when we target the profits we want, we actually experience defeat and ultimately lose our capital. However, I have a good option if we are close to the target of victory, for example almost 80%, it is better to stop immediately than to target the right number (100%) from the beginning I have stated that gambling is an uncertain game rather than losing all your winnings, it is better to just accept the profit whatever the nominal amount, without having to target something uncertain.