Allow me to pose a question, when you are playing casino games when should you quit? Should you stop when realizing a predetermined result? If you are not winning then the answer is absolutely yes, and the faster the better. And that is probably the case. However what about when you are doing well? Then the answer is fuzzy.
Understand that when you continue gambling, you will absolutely lose it all back in due time. But that truth could take a good long while to be realized. In the meantime you possibly might continue riding high. And you are lucky enough to be gambling with the casino chips now, so your own money is not being risked. That cozy fact tends to make a gambler want to stay playing. After all, you came to have fun, right?
Yes and no. Stopping with a win is pretty fun as well. And losing back winnings is not much fun at all. It is crucial to think on that point when deciding on a stopping point. How well would you handle that if it occurs? If that will not effect you emotionally then you should be more prone to not stop yet. If it will ruin your day then be more prone to run with the win.
Locking in winnings is smart, but what if you just got into the casino and were planning on spending a lot more time playing? Ever thought of going to the movies? I admit perhaps I am being ridiculous. I realize, we are in the mood to gamble when we get to the casino. However taking a break is never a bad concept when you are lucky and win significantly right away. It just feels great to strut around some with the winnings in your pocket. Even for a little while.
However that does not handle the issue of whether or not quitting when you are winning has any affect on your long run returns. The conclusion is: Only if you are quitting for good. If you are going to simply start gambling again sometime in a bit then there truly is no difference so you may as well go on gambling since this is what you came to do. In that case you should never even pay attention to your results because that it is simply entertainment. And that actually is the best attitude to cultivate, because casinos are not giving away any money. Have a wonderful stay and pay no reference to your results, win lose or draw.
If only it were so easy! We people usually have a hard time blowing off losses, and treating wins with prudence. That is unfortunately our nature, and it can interfere with making prudent bookkeeping decisions. The truth is that any funds you have at the moment is just as real and just as spendable as all the money that you worked hard for. So perhaps the best thing to do is to set aside a certain amount of funds for gambling with and expect to part with all of it. That way any part of it that remains at the end of your playing will be a surplus that you can take home.
Understand that when you continue gambling, you will absolutely lose it all back in due time. But that truth could take a good long while to be realized. In the meantime you possibly might continue riding high. And you are lucky enough to be gambling with the casino chips now, so your own money is not being risked. That cozy fact tends to make a gambler want to stay playing. After all, you came to have fun, right?
Yes and no. Stopping with a win is pretty fun as well. And losing back winnings is not much fun at all. It is crucial to think on that point when deciding on a stopping point. How well would you handle that if it occurs? If that will not effect you emotionally then you should be more prone to not stop yet. If it will ruin your day then be more prone to run with the win.
Locking in winnings is smart, but what if you just got into the casino and were planning on spending a lot more time playing? Ever thought of going to the movies? I admit perhaps I am being ridiculous. I realize, we are in the mood to gamble when we get to the casino. However taking a break is never a bad concept when you are lucky and win significantly right away. It just feels great to strut around some with the winnings in your pocket. Even for a little while.
However that does not handle the issue of whether or not quitting when you are winning has any affect on your long run returns. The conclusion is: Only if you are quitting for good. If you are going to simply start gambling again sometime in a bit then there truly is no difference so you may as well go on gambling since this is what you came to do. In that case you should never even pay attention to your results because that it is simply entertainment. And that actually is the best attitude to cultivate, because casinos are not giving away any money. Have a wonderful stay and pay no reference to your results, win lose or draw.
If only it were so easy! We people usually have a hard time blowing off losses, and treating wins with prudence. That is unfortunately our nature, and it can interfere with making prudent bookkeeping decisions. The truth is that any funds you have at the moment is just as real and just as spendable as all the money that you worked hard for. So perhaps the best thing to do is to set aside a certain amount of funds for gambling with and expect to part with all of it. That way any part of it that remains at the end of your playing will be a surplus that you can take home.
