Originally <a href='https://www.sportsbookreview.com/forum/showthread.php?p=30203010'>posted</a> on 04/08/2021:

Quote Originally Posted by KVB View Post
Can’t emphasize the truth of the statement enough, so many people really do get it wrong. Those that argue that they didn’t expect to win therefore it’s just “house money“ are really just setting themselves up with a rationalization for losing it.
Many feel more comfortable using someone else’s money than their own and to tell themselves it’s someone else’s like “the House” just helps shield them from the tragedy of loss.
Appreciate these comments on "house money", Vyasports and KVB. Something to think about, for sure. I probably do look at it that way to cushion the blow of losing it all. Or maybe the fear of a book stiffing me.