A lot of players never know how to quit whether on the winning side or losing side of it. Don’t quit while your ahead might get you on the rebound. On the other hand if you don’t quit while losing you might really lose your shirt. What do you think?

When I go to a table, I have my set limit of what I can lose. As far as quitting while I’m ahead. If I have doubled my money, I put my original money away so that I’m playing with house money. If I get another 50% of that, I put 50% away… so I am generally sitting at the table with what I started. If the money goes, it goes, it’s the houses anyway and I still have my stash in my pocket to play another day.

When I go to the casino I take a set amount of money with me and when that is gone, if I am losing, it is time to leave. If I am winning I will usually leave once I take about $200. I know it’s a small amount of money to walk away with but it does add up over time.

I don’t leave just because I am losing because you never know when things will turn around and it will suddenly be your win. Instead I play for a set number of turns on a particular game, or until the money I take along runs out.

I have heard two different schools of thought on this. Some think that you quit when you are broke, because the only way you loose is if you stop betting and this is scary to me, but some people play like this.  Others, wiser I think, give themselves a cutoff limit when they have lost enough for one sitting, that is a good time to walk away I think.

The other big thing of course is to quit when you are ahead! If you get a win, don’t go giving it all back to the casino again-take it home and enjoy it a little longer instead!

ChipStack - 10 January 2009 04:25 AM

The other big thing of course is to quit when you are ahead! If you get a win, don’t go giving it all back to the casino again-take it home and enjoy it a little longer instead!

  I think this is the point that someone was making earlier in the thread, and you’re right, don’t give it back to the house!  But at the same time, If I make my own money back, I’ll sit on that, and then keep playing with the rest of it, which is, like someone else said, “the houses money”.  The more of that I can keep, great!  If I stay ahead, great, if I start losing, then it’s time to walk away.  It’s hard to walk away sometimes, though, isn’t it?

The players who rack up huge online or live gambling debts are the ones who don’t know when to quit playing. I usually keep that gambling principle in mind and I’ll be streets ahead of all the players and gamblers out there. I think that being a successful player is not just about winning, it’s the thought that I can’t win every time I play. Even if I am in the right frame of mind, it can be hard to quit. I would set a time-limit and money-limit so when I know how much money I can afford to lose, nothing bad can happen and I decide when it’s time to quit.

Generally I quit when:
I run out of money
I’m no longer having fun
I’m hungry and want something to eat
The table/casino closes
It’s time to go home

I stop when I suddenly realize I need enough money to get home, like for gas and that.

Then I get distracted and play the rest of my money anyway, lol. I’m pretty horrible.

When the liquor is gone.

I would leave if I am losing more than 50% than I came with or have won twice how much I came with.

I’m with the poster who said play with the house money if you can.  I take a set amount with me to the casino.  If I’m having a good night and win some, then I put my starting stake away and use the house money for as long as I can.  Anytime I make more than I started with, then I start putting some of that away, too.  Say if I start with $200 (my usual limit for one day of gambling) and I double my money.  I’ll put my $200 away and pretend the $200 I just won is my money for the day.  Anytime I double my money, I continue to put it away.  As to when I’m losing, unless I’m just having a really bad day, I play until the money is gone for that day.  Sometimes if I’m really having an off day, I’ll go do something else for a few hours and relax, then come back to the tables later when I’m refreshed.

I play till my initial money becomes half or I triple the same. I don’t like to play forever. I am a systematic man and like to be in system.

This is one of the most sensible question according to me! Its very important to know when should one quit.

Well I am not a huge gambler and moreover I can’t bear much of loss. So I quit once 25% of my initial money is lost.

Well I have a thumb rule. Bet till you’re brooke! Yes I keep on betting till I loose all the money I’ve brought for betting coz you never know when your luck will turn around.