Why Do We Not Cashout, When We Are Ahead ?

[LaurieJim]

Why do some of us not cashout when we are well ahead of the casino?

(1) The thrill of the playtime and hope that the next spin, may be a jackpot?

(2) Are we just gambling addicts?

(3) Is it for relaxation, to unwind after a hard day?

(4) Could it be just plain stupidity, shoulda , coulda, woulda , what ever excuse makes us feel better?

(5) Is it just for the pure enjoyment of the games?

(6) Is it lack of will power that makes us keep pushing the spin button, instead of the withdrawal one?

Im guilty of all , im sad to admit....................laurie

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[mistertee]

all of the above apply to me !!! although I have improved on hitting the withdrawal button !!!

 

[katodog]

I ponder this also.I think at least with me is I deposit and am all excited to play and then it's over in minutes .This usually happens time and time again. But when I do get a nice win then I feel more relaxed and I know my play time is finally extended and the "pressure" is off.
I may up my bet a little trying to get to a large enough bankroll where I can cash out a good amount and still have some to play.(Trying to get my cake and eat it too). Once in awhile it works out but normally I find I kill my bankroll

 

[LaurieJim]

I ponder this also.I think at least with me is I deposit and am all excited to play and then it's over in minutes .This usually happens time and time again. But when I do get a nice win then I feel more relaxed and I know my play time is finally extended and the "pressure" is off.
I may up my bet a little trying to get to a large enough bankroll where I can cash out a good amount and still have some to play.(Trying to get my cake and eat it too). Once in awhile it works out but normally I find I kill my bankroll

This is where i find myself often, is the bankroll. Its just so tempting to up the bet and then it just seems to go in a flash, i guess if its the playtime im wanting, i shouldnt up those bets so quick, but like you, sometimes it works out in my favor and im like jeeze, that was a close one, so then i think it could be the thrill im looking for.......confusing huh?..............laurie

 

[coxwel]

this often happened to me as i made deposits without a bonus. you win in the first few minutes, should cashout as the chance to play it back is higher, BUT you are thrilled and wanted to spend some time playing.. so i often caught myself playing further, then bust out.

most times iam really disciplined to hit withdraw but sometimes its just impossible

i like it more to be down to my last bucks, then hit big and all the time you spend gets paid so playtime is a very important factor..


cheers

coxwel

 

[AussieDave]

Hi all,

If I'm playing on a comp then I tend to be less likely to cash out for some reason. I'd say I only cash out 25% of the time.

Last night over at 32red was playing on a $100 comp, was down to $8 and got that up to over $1800. Did I cash out...nope I blew the lot.

Whereas when I've sunk my own cash in then I'll withdrawal 95% of the time if I get it over $1K.

Sometimes greed kicks in especially when I have a decent bankroll. It worked a month ago @ 22.50 a spin on BDBA with the 4 emeralds and the wild for a cool $18.5K. But that's doesn't happen every time

Unfortunately like most who don't cash out on a decent win, I end up going down the tube too.


Cheers
T

 

[ultra100]

Why do some of us not cashout when we are well ahead of the casino?

The thrill of the playtime and hope that the next spin, may be a jackpot?

Are we just gambling addicts?

Is it for relaxation, to unwind after a hard day?

Could it be just plain stupidity, shoulda , coulda, woulda , what ever excuse makes us feel better?

Is it just for the pure enjoyment of the games?

... all excited to play and then it's over in minutes

Emotions. As Eric say:

Link Removed ( Old/Invalid) ​

 

[gloria460]

cashing out

Laurie

I'm guilty of that to. I hit 5k at rival 3 weeks ago..I upped the bet and was down to 2k before I knew itthen I tried to get back what I had put in and was down to 900 out of 5k and if it wasn't for scary rich I would have went broke. I ended up cashing out over 3k but I should have cashed out the first time.

I think we do it because the wins are so few and far between that we're trying to seize the moment and most of the time it backfires. Lately I have just been depositing small amounts and if I hit good and if I don't I don't feed the slots until the following week.

 

[RobWin]

I think the simple answer to that Laurie is the fact that it all boils down to "Greed". Players get all caught up in the ether of the moment, the thrill of the win, the anticipation of the possible larger win and then the "Greed Factor" sets in. It's the same with rich people, enough is never really enough!

 

[oldtrvlagt]

Nine times out of ten when I don't take a bonus I bomb out When I do take a bonus and have some decent wins I have to play FOREVER to get through the WR. By the time I do get through the WR I'm so tired of playing...if I have a decent amount I hit the cashout button just because I want to be done Does that make sense? Only once have I played $5 a spin and actually done any good..most of the time it is $1 a spin. Maybe $2 if the "Scary's" are being good...

 

[bb28]

Enough is never really enough!

As Robwin says and it's the perfect summation.

 

[vegetagirl2008]

The whole trick of it is. Cash out once you start losing, if you see your credits going down, down, down. That is time to stop and hit that withdrawal button. I have done that one time (over 5k) and I said never again.

 

[Boris303]

Its the thrill of winning, its the feeling that you achieved/acomplished something and that makes you feel good. I too have wasted many a good win, and questioned myself plenty of times, its definitely not greed with me, well lets say its not that im greedy for money, its probably more true that im greedy for the thrill/buzz/sensation of hitting something big, but thats the whole gambling thing isn't it?

We all play for various reasons, and if we all approached this like a true proffessional then we all be withdrawing at exactly the right time, in fact we would have a hard and fast rule about what we did when we won a large amount (like wagering a percentage of the win or withdrawing 90% instantly, or something like that). But do we? No most of us don't, most of us go by our yearning to play more for whatever reasons.

When you either get a big win or very nearly get a big win when playing your brain releases endorphins, and as gamblers we are chasing the release of these endorphins by hitting a big win. Now the casinos are fully aware of this, and rather unfairly to us, it doesn't matter if we hit a big win, or get very close to a big win, our brain releases endorphins on both occasions. So its not by accident that you'll get many occasions playing that you think you could have nearly won, but in fact you didn't.

 

[Balky]

I agree with RobWin. The biggest and most crucial problem is GREED.
Greed too often makes us continue "only a lil bit more", mostly destroying the bankroll and even the entertainment of the game. The other day I was up a decent amount while playing videopoker. Instead of cashing out I had the brilliant idea to continue playing until I make up for the loss I had had a few days earlier - very optimistic and especially sooooo clever.
The surprising end of that story: ending balance zero. After that session I told myself that I learnt a lesson. (I must have a lousy memory since I keep learning exactly the same lesson).

Cheers Balky

 

[DaveG39]

Why do some of us not cashout when we are well ahead of the casino?

(1) The thrill of the playtime and hope that the next spin, may be a jackpot?

(2) Are we just gambling addicts?

(3) Is it for relaxation, to unwind after a hard day?

(4) Could it be just plain stupidity, shoulda , coulda, woulda , what ever excuse makes us feel better?

(5) Is it just for the pure enjoyment of the games?

(6) Is it lack of will power that makes us keep pushing the spin button, instead of the withdrawal one?

Im guilty of all , im sad to admit....................laurie

If it's 3 or 5, that's what the For Fun account is for, especially 3..use it
When all is said and done, it's most likely 6 (from which 1,2 & 4 derive).

 

[love2winalot]

The surprising end of that story: ending balance zero. After that session I told myself that I learnt a lesson. (I must have a lousy memory since I keep learning exactly the same lesson).

Hiya. The above quote tells it all.

As to the original question. You deposit $250. You win $500, and now have $750. WOW, WooHoo, Weeeeee, and so on. You would never have deposited $750 at one time. Your balance is as high as it has ever been.

OK, OK, I will just play the $50, and if i lose it, i will cash out. $60 Gone=oops

OK, OK, I will just win the $10 back, and cash out at $700. $80 gone=oops

Fine, OK, I still have $610 left, and if it drops to $500 I will cash out. $130 gone=oops

Darn OK, I have $470 left, and $220 of that is profit. Hmmm, If I cash out, i am left with my starting balance, or less. What if i lose that? What good is it to cash out only $220-$250, and if i lose, i just have to deposit it back in again?

I should have cashed out earlier....= see the above quote.........

A Few small cashouts are usually better than holding on and trying to get a single large cashout. imhop

 

[classymom]

I agree - greed is probably my main reason I dont cash out sooner. I also keep playing to make a withdrawal worthwhile - with all the fees we incur w/ withdrawals.

 

[secret2]

I agree, too. Greed.

In my case, when I won the RJ (see, I'm catching on with the lingo ) it seems that the money I won almost was the amount of my losses over the few months playing. Now I will have to lose a lot to win any substantial amount to cash out.

And one other thing...I won $200 and then received a speeding ticket that almost equalled that. Maybe it's the law of Checks and Balances, for me, anyway.

 

[DiamondGeezer]

It isn't just greed though but for me it is the difficulty of controlling the highs and lows.

You are playing and your spinning finger is hotter than Tiger Woods' putter. Your balance is going up and up. Surely this is the time to keep on playing because:

1) This is the first day this month your are actually in form - why stop on the one day things are going your way? Let's really nail this win!

2) OMG maybe this thing is having some sort of glitch and it going to continue like this for a while!

Many of you will laugh at such thoughts but in the heat of the moment I have found both arguments extremely persuasive. And when you get into the downward spiral it's so easy to get fixated by trying to recover your balance to a certain point.

It's not just greed with me but more the handling of the rush a winning session induces.

The way I have found is to keep a bonus back in another account - preferably a small deposit big bonus that I am unlikely to cash out, like a Rival slots for example. So when I hit a big win I will shut the first account off and then shoot away at the second. When the very likely bust out happens I will have come down off the high. My first balance is intact and my other balance is busted but not too much of my own cash is gone.

I always shut the first winning casino off real quick and will do my withdrawing the next day. I find the quick shut down works well for me because it also avoids the balance fixation that is so destructive.

If I have no bonus around I have even taken $100 to the poker tables. I will just blow it off in a few $10 tournaments and play incredibly badly, almost forcing myself to lose. I find things work out a lot cheaper this way and I get to have some fun too. Every so often I need to get reminded about the losing side of things. But just not in that losing the whole balance back way.

 

[shadow123]

deposited 50 at a casino last week (I dont have much spare cash for gambling nowdays). Anyway built it up to 600,cashed out 400,played with
the other 200 which went down rapidy, as it approached zero,I reversed
the 400 withdrawal (something I NEVER do), balance continued downwards
then shot back up due a nice bunch of santas.
Back at 600,I did the same thing again,withdrew 400, reversed when the balance got low,managed to get back to 500.Lost 100 and withdrew the 400 for the last time, should be flushed in a couple of hours.
Could have saved a lot of effort with a bit of will power, but end result wasnt too bad. The casino takes about 10 days to process withdrawals so no fun for me till then but I was pretty brain dead so the break wont be a bad thing.
The sensible approach should be to set a target, withdraw on reaching it and never reverse

 

[shadow123]

got a special offer this afternoon from the casino re my withdrawal,
20% bonus if I reverse, by the time I read the email it the withdrawal had been flushed but I dont think I would have gone for it anyway

 

[Boris303]

got a special offer this afternoon from the casino re my withdrawal,
20% bonus if I reverse, by the time I read the email it the withdrawal had been flushed but I dont think I would have gone for it anyway

Unbelievable that casino should be ashamed of itself IMHO

Good for you anyway, glad you would have stuck to your guns

 

[AussieDave]

Hi All,

I can play at a land based casino and walk out the door most times with something in my pocket, or at least having the casino pay for my night out.

I don't play the slots though, I prefer roulette.

When ever I win a $100 chip that goes in my pocket and so on.

Whereas online well that's a completely different story.

Maybe because the chips are not tangible cash, they're are just numbers on a screen, credits. I can't go to the cage and walk away with money, instead I have to wait till it gets processed and then hit NT.

I'm still in the dark woods because the temptation to throw a couple of hundred back into the casino always wins out. And that normally turns into another $500 going the same way.

By the time I do visit the ATM insert my Net+ card I yank out maybe $1K or less.

At that point I realise I'm a BIG GOOF but it's too late it's all gone back into the pocket of the casino.


Cheers
T

 

[AussieDave]

got a special offer this afternoon from the casino re my withdrawal,
20% bonus if I reverse

Please tell me that was NOT Spin Palace or one of their casinos?

I remember that Fortune Lounge got hauled over the coals here for offering the same thing to players. I believe they no longer do this.

But if a MGS casino(s) are doing this, then eCOGRA needs to take a look at its operations. Because frankly that's just not on


Cheers
T

 

[BingoT]

Yes it's 101% Greed but many think that rainbow will come.
And they chase & chase and they never find it at the end of that rainbow.
Everyone needs to learn how to Hit & Run.
Hit and leave and come back in a day or two.

 

[NASHVEGAS]

Maybe because the chips are not tangible cash, they're are just numbers on a screen, credits. I can't go to the cage and walk away with money, instead I have to wait till it gets processed and then hit NT.

Cashing out is not a problem. But there is a problem. Designed in the TandC's of many casinos. 3,4,5,___ months

OK blame me and UIGEA. I can handle it. UIGEA,lol!...Those effing idiots invested with Madoff and Stanford. Got what they deserved

US Regulation will not blame me..........Kudos to the few that pay the Player in full!!

 

[steinhaug]

The most likely answerfor this is the fact that when we accually win, we hope that the machine is hot and this is the time we accually get some!

By the time the bank is 1/2, and our motivation is 1/2 - we just want to win back what we originally had. And there you have it! That's why we are great customers,

 

[chele]

50% greed

for me at least..

a few months ago I was up to 4,000 but decided I couldn't let the winning streak end (or so I thought) and I told myself I would cash out at 3,000 but the money went so fast that I ended up cashing out at 2,500. the wins are so hard to come by these days that I almost lost it chasing a bonus game. I take big risks all the time when I gamble and i'd say about 25% of the time they pay off..thats the fun part for me.

 

[slotplayer]

I've mentioned this before in different posts. I haven't deposited a red cent online or in a land casino since feb 13th.

At first I missed it, but to be honest I never even get the fever now. This time last year I was playing online almost every day.

After 10 years of gambling on and off I've concluded I just don't have the personality for casino gambling.

I tend to get obessive about things. When I channel that into something positive I do rather well which probabally explains why I used to get decent job reviews/raises.

 

[LaurieJim]

I think after posting this thread, it made me open my eyes to just what sums of money i was just pissing away by not cashing out.

This afternoon, i just decided to sit back, relax and have some fun, with the small amount i had on my card and cashout if i should get ahead..........cashed out 500.00 at 3 dice.........cashed out 300.00 at Inetbet( did have it up to 500.00 ) the greed factor tried to show itself .........cashed out 300.00 at Slots Oasis.........cashed out 150.00 at Jackpot Capital and 100.00 at Lucky Red, i can say for the day....im ahead and cashed out and its a pretty good feeling i havent felt in a long time.................laurie

 

[BLUEWATER]

I agree for not cashing out is GREED. We always want more wins or more money. It happen to everybody. To be a professional slot player or card players takes skill know when to stop and cash out. I would say start cashing out 3 or 4 times of your deposit and keep the deposit in the account for more action later.

Deposit $50 dollars. Balance is $300. Cash out $250 and leave the 50 dollars in the account. That way you have money on your way and $50 to play with. If you lose $50 dollars you will be thankful you cash out. Doesn't matter how much you want to play but just play it smart.

Most dangerous way to play is playing catch up. We always get angry or panic that we lost lots of money, that is a sure way to lose it all.

Take a break or a time out when you start losing and think about what you can use for that money when you cash out. We can't think straight when we are angry or disappointed. Remember the House always win. You can't win every time.

Play it wise!!! And Keep Cashing Out!!!

 

[Pinababy69]

I think after posting this thread, it made me open my eyes to just what sums of money i was just pissing away by not cashing out.

This afternoon, i just decided to sit back, relax and have some fun, with the small amount i had on my card and cashout if i should get ahead..........cashed out 500.00 at 3 dice.........cashed out 300.00 at Inetbet( did have it up to 500.00 ) the greed factor tried to show itself .........cashed out 300.00 at Slots Oasis.........cashed out 150.00 at Jackpot Capital and 100.00 at Lucky Red, i can say for the day....im ahead and cashed out and its a pretty good feeling i havent felt in a long time.................laurie

Congrats on the wins Laurie!! I think the "target" point for people is all relative to their starting bankroll and budget. Because I'm such a small depositor ie. $10 to $15 at 3D and Inet, and $20 at a time at 32Red....if I hit $100, I'll cashout. They all process withdrawals fast, so the turnaround time is almost non-existent. The way I look at it is....even if I only cashout $100, that's $100 of their money I can play with, which for me, is five or more deposits. Without having to go and put money on my card the next time I play. I wish I could say I have always had that mindset...but unfortunately not. It's just something I've finally come to accept....that the really BIG wins come few and far between...so grab what scraps you can, and use the casino's money in hopes of making more down the road. My two cents.

 

[4 of a kind]

Once awhile back going to Atlantic City my wife who enjoyed playing slots while I was at the tables, insisted we stop at the Trump Plaza first (a casino I really didn't enjoy) plus we were heading for the Taj, so she could cash a stupid $25.00 coupon they sent her in the mail. Of course she won the argument.

Apparently a bus load or two of customers must of just arrived cause the line to cash coupons had to be 100 deep. She gets on the line and me looking to get out of their as soon as possible, so we could check into the Taj told her I would be playing in the $5.00 slot pit which was close buy.

Only coin machines at this time so I buy a rack of $500.00 worth of $5.00 coins. On my third 3 coin pull I hit second prize for 15K or something very close to that either way. Wasn't in the casino for more then 30 minutes when this happened. Just as there paying me the cash, (of course I wouldn't take a check which might help me get home with the funds) my wife walks over and says "it could only go downhill from here, lets just go home and come back another day". Me, the Einstein degenerate gambler I was respond with "are you kidding me, this has got to be my lucky day", and convinced her to check into the Taj as planned.

Forty eight hours later, driving home negative 10K.

The amount of money I talk about is really not important. What 10k is to one person is the same as what a million or $100.00 dollars means to someone else.

Point being in my opinion, its all about the action. Some people prefer booze, others drugs. Everything done in moderation is fine. But once you cross that line to abuse, you no doubt entered the twilight zone.

Controlled gamblers like Kasino King are few and hard to come by. I consider myself now a reformed gambler at my age, from all the experiences I lived through. I certainly only lose a fraction of what I did in the past, but trust me, I'm still an asshole at the tables.

 

[steinhaug]

"it could only go downhill from here, lets just go home and come back another day" ... Forty eight hours later, driving home negative 10K.

Usually winning as soon as you enter, is bad! You belive you have more cash available and start wagering higher than usual, burning at 10x the speed you ought to. Done the same error myself. Why win 2K when I can loose 3K instead, I hear you!

I certainly only lose a fraction of what I did in the past, but trust me, I'm still an asshole at the tables.

I love honest words, I cannot agree more!

 

[shadow123]

Please tell me that was NOT Spin Palace or one of their casinos?

I remember that Fortune Lounge got hauled over the coals here for offering the same thing to players. I believe they no longer do this.

But if a MGS casino(s) are doing this, then eCOGRA needs to take a look at its operations. Because frankly that's just not on


Cheers
T

Hi

It is bingoonthebox,part of the Palace group.It is a bingo site with an MG flash casino

 

[Dinahnana]

The most likely answerfor this is the fact that when we accually win, we hope that the machine is hot and this is the time we accually get some!

By the time the bank is 1/2, and our motivation is 1/2 - we just want to win back what we originally had. And there you have it! That's why we are great customers,

I agree, when I start to lose I keep playing hoping that my balance will go back to what it originally was and of course it never does. Most of the times online gambling is fun and I consider it a success if I can play for a great deal of time with my deposit even if I never cashout. Anyway I agree with you 100% kimss because sometimes my justification to keep going is trying to get my balance back up.