I was scrolling through instagram and I came across this story
https://www.instagram.com/reel/DNqQIlNg99m/?igsh=cGJ5NGlveGY2ZzV3This is a story of a poor man who played a sport betting game with little money but the potential win was big according to the story he was gifted an opportunity to cash in on a good amount that to his financial status is more than good for him but he decided not to and ended up with nothing.
First thing I do after placing a bet is see my potential win as not mine, those figures written as your potential win are dream money it’s never yours I don’t care if your last game is Real Madrid against a team in the fourth division of Iran’s league.
The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.
Your financial status is more essential than your potential win in deciding if you should cash out or not.
In your story, I think the man was just unlucky, that's all. I've seen people who cashed out and regretted it. I've a friend in a betting group who cashed out around $100 from his running game and used the money to bet on another game he deemed better, guess what! The second game lost and the game he cashed out on which was played by a friend of his who didn't cash out was reading a pot. Winning of $2000 and he was lamenting bitterly about the wrong decision he made.
He was just unlucky since he wanted to win very big. Gambling is a thing of mind, if you've the balls you can wait and attempt winning big, if you don't you can apply the damage control policy of cashing out early.