Don’t we all know that greed leads to losses in gambling? That greed kicks in when we don’t set a target making us keep playing even when we’re already up, until our luck runs out and we end up losing. Can’t we see that? Maybe that’s the reason we don’t win because we don’t know when to stop.
I’m sure the regular gamblers here have experienced this before -- that moment when you say to yourself, "I should’ve just stopped… I could’ve walked away with my profits."
Who can relate?
At this point I felt I should stop but being greedy I was tempted to continue for longer because my friends tempted me to play more so that I could win more. The moment I won I should have left the place which most gamblers understand but cannot do. The addiction to earn more or the desire for more entertainment or the instigation of friends. Most of the reasons why I failed to stop gambling are probably familiar to gamblers. If he can identify his failure it will be easier to control himself. Moreover self-control helps him to determine the necessary strategy.
Yes, greed can easily make us keep playing without think about how much we already lost. We can not stay away from the interest offers from the casino especially from the temptation that whisper in our ears. That is why many gamblers fall deeper in gambling and difficult to let them out from gambling and many are become addicted to gambling.
We set loss limits because we are rare to win so we realize that limiting the loss will be better to us. We can prevent the big lose that can happen anytime while we only need to enjoy our time in gambling. We don't need to recover the loss so when our stop limit almost reach, we will stop gambling.