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.
When talking about financial status, it means referring to
the economic position of individuals or groups, indicating the level of income, wealth owned, and ability to access financial resources. However, what we are talking about here is individuals, who should be aware of their financial situation or condition. So, I think every bettor or gambler should be aware of this when gambling, especially when someone's financial condition is not good, and there is a moment for him to cash out, then it is best to do it immediately to avoid regret when bad luck occurs.
But unfortunately, from the external sources you mentioned, I saw some comments that seemed to not understand how important this is, I even saw some saying that real gamblers don't cash out, even though in fact winning in a gambling session is about when someone successfully cashes out, even though in the future they will still have gambling sessions, but this is done for the sake of sanity when gambling, especially to save his finances.