Topic: Use your winning responsibly - page 7. (Read 2085 times)

Money management is very important, whether it is money from winnings or money you have from work, you must still be able to have restrictions on its use, especially if this is related to gambling, good management is really needed.
A gambler who does not have boundaries and good management will only experience series of problems that arise with their own finances, whether it is lack of money or running out of all the money they have.
Money is very valuable and when we have certain amount of money we must be able to use it as well as possible, if financial management is messy then it will also reflect that someone life is quite messy.

Responsible use can provide good attitude for the future, and on average, people who are able to manage money well are business people.
I often see businesspeople who gamble responsibly and all of this is also influenced by their responsible attitude and spirit.
A businessman without sense of responsibility will never develop, the same thing also applies to gamblers.

Each person is different when it comes to decision making in life on which there would really be those who do have that mindful about their future on which on the time that they would be able to make or earn money on gambling via winning then this is something that you would really be that making use of  those winnings into more worthy like investment or having business but there are those
people who do have those kind of mindset that they would really be making use of those funds back into the casino or playing again on which they would really be hoping that they would really be
able to win up more or simply they do become that confident that they could really be able to beat up the house or beat up the system on which this is something delusional.

Even if a person can do whatever they want with their money, there should be some limits, when we gamble we do not do so with all our money and instead we only use a small portion of it, and the same should be true when it comes to whatever money we may get while gambling, so spending a little bit of that money to obtain even more entertainment is acceptable, but most of it should be spent in something that we really need and that could make our life slightly better.

Spending your winnings in gambling is another achievement. So aside from winning with that bets you make, if you're going to keep that money and spend into important things, you're an achiever and more than a winner.

Whilst the others keep on spending them back on casinos instead of stopping and going back in the next day, they're not going to stop unless the casino takes it back.

IMHO, that's fine as long as he gets the satisfaction of his money and it's from his profits.

We suffered for the winning and when we finally make tremendous profits, we ought to used them proficiently. Gambler worked so hard to earn good profits from the system, and we shouldn't undeestimate any status because we don't have a clue how these gamblers are able execute their strategies and earn good profits. Mistakes are recorded daily and we shouldn't be in a hurry to feel remorseful regarding our actions, rather we should pave path to becoming good version of ourselves, no stopping to limits because we can not afford to reach certain limits in the system.

Congratulations on what you were able to buy with your winnings, it is better than spending it on things that are unnecessary and would not be useful to you. However, i cannot tell people what to do with their winnings, some people prefer to enjoy their winnings, either by going to parties or clubbing with the money, it may be wrong but if that is what makes them happy, then that is fine. Me i spend my winnings to acquire something that i do not have, especially when the money is huge, if it is a small amount of money i will just spend it how i like.

While I understand what OP had in mind I wouldn't call throwing my money away on electronics a responsible spending. It's like buying yourself a bigger phone because people no longer feel envy when you show your old one.

OP had a smaller TV, could buy a smaller one but decided to go with the biggest he could afford with the money. It really feels like buying a wallet with your last money, or throwing everything away on an expensive sports car when you don't even have a garage to keep it in.

The message is good, gamble responsibly and don't bet everything you win. From time to time you need to spend or invest some of it.

Gambling actually its a something that is quite simple when talking about the whole thing, but not everyone can master gambling well.
In the past we have only been too fixated on the big wins we have achieved and even though we have tasted the victory sometimes we are never satisfied and always want something more to get even bigger wins than we have ever had before.
But they are not aware of the victories they already have because they are always fixated on the victories they have not achieved and things like this are what makes gambling a situation where it can never be pursued because it continue to expect victories that we actually don't know our abilities and always hope for more even though we have already made a sizable profit.
Try to think of something more rational in the end, when we have won then it is a sign that we should try to stop and enjoy the sensation of victory and when we lose then we also have to stop and start another day because it is forced and it will not have a good impact on the mentality we have and the calmness that should be in every game we play in gambling.

This should be discouraged. We shouldn't act deaf to the truth. We all gamble to better our living or add to our pleasure. In simple terms, all gamblers have a reason for gambling which has to do with an increase in something.

Thus, it becomes irrational to return all winnings to the bookies after winning. There is a need to, first of all, utilize 90% of the winning for something productive or buy something of value to us. That's the only way we can feel compensated for all the losses recorded over time.

Gambling immediately after winning is not a good way to gamble for a gambler who's look forward to make money through gambling, when one win he should stop and use part of the money to do something that will remind him of the money he won some days ago.
If one is thiking that he's a good analyzer, he should make a time to check if really he is a good bet predictor by staking on 10 different games to see his results.
One can not tell if you are a good game analyzer when he have not seen some good results, so when you bet on 10 different games the numbers of the winning tickets will tell how good you are on analysing games.

You have really done well, when you are making money, then you should make it useful to yourself. Some people are finding it difficult to use the amount won on gambling for reasonable things, I find it surprising that after some people win from gambling, they always end up losing everything to gambling, they will want to increase the amount they have won, and in the process of doing that, they are going to lose everything. After winning some reasonable amount of money, you should just stop gambling, don’t think if you continue gambling with it, your money is going to increase, just stop gambling, and use your money for something reasonable.

You have really done well, and am sure post like this will encourage gamblers to at least use their win for something reasonable rather than wasting it on gambling after again after winning, money won from gambling can be used for things useful, get yourself things that you know you are in need of.

Most of the gamblers with huge money holding will choose the gambling for the entertainment.The fact was the gamblers who doesn’t need to have the money as the profit will get the more chance of winning the money in the same gambling site.The gamblers should not lose the hope after the loss in the gambling site,many new gamblers had loss their money in the gambling site.So they also loss the chance of winning big money losing the hope in the gambling site.Many gamblers should still ready to build their own gambling strategy to make the huge money in the same gambling site.The gamblers without strategy should create by spending time in gambling site.

Well, needless say that you are actually right, winning in gambling may not mean much for rich people, possibly because they already the most things the average and the poor crave and are possibly gambling for, for example, a rich person already have multiple investments in multiple places, have a house and no longer paying rent, have their own car, have everything they need in their houses, wear good cloths, eat good food, own good phones and computers, and most importantly, own big businesses generating good profit on daily basis in multiple places, what exactly will a person or persons of such class be needing the money they won from gambling for..?

I would even say that for people of this class, their reason for gambling may mostly be just having fun, though not bad to win money since winning also makes gambling more fun, but for type of persons, they possibly may not stop gambling after winning a rather huge sum, because they have far more than that in their different bank accounts, except on occasions where the money won is really significant to them, they may possible purse to reflect on the win and think of what to do with it.

And I believe I don't have to say that what or all this I've said does not actually apply to every rich people, for there still some rich people who are so greedy that they never ever contented.

I know about the thrill of a huge win—I love fun gambling! Anything seems conceivable in that moment of joy. I've been there and know the temptation to keep going, feeling like "Maybe this is just the beginning." Now, reality and duty. People are here because they love the game, but life is more than chance

I recommend treating wins like friends. Would you risk a friend for anything uncertain? Do you nurture them to ensure long-term happiness and security? Making clever investments or sensible use of profits shows love to yourself and others. Just balance the pleasure of the game with the love of a well-lived life

It's control, basically. Choice, money, and life control. Fun gambling with smart financial planning are a delicious compromise. Take it! Celebrate wins and plan ahead. The greatest win in life is retaining control, having fun, and embracing every moment

Sudden gambling winning money is a very exciting event for a gambler. Especially if that money is a little bigger. Gamblers enjoy that moment very much. But I have also seen a few such events where after a gambler gets their money they are busy increasing their bankroll, they are not willing to spend money on gambling because they think if they can increase their money then their subsequent winnings can be bigger. However, I do not fully agree with this idea. Because no gambler is sure whether they will win or lose. Moreover, a gambler can lose all his money by making a small mistake.

I deserve managing the winnings properly is definitely a big responsibility of the gambler. A responsible gambler never thinks he is addicted to gambling but when he wins there he tries to convert his winnings into a profitable business. It can be used as an investment or for personal use. However, I personally encourage the use of gambling money for any purpose, but I think it is best if there is a planned investment because gambling is uncertain, so in the future avoid economical problem in gambling, the financial aspect should be considered strong.

Perhaps it depends on every gambler, and for those who have a lot of money, maybe they are not thinking of how big they win, they still going back to play again and again. But for us here, and I think the majority will agree, if we win, we might think of using that money in other things, specially if is supposedly "free" and it comes from the casinos. Just like in my case, I won last night playing online, never had the urge to comeback (perhaps later), and I used my winnings to pay with some of my bills, like credit card and even my internet bills as well for the previous month. Just so happy that the risk that I took paid eventually and everything was lucky for me last night.

I agree with this because we will always be able to gamble at any time but we should also be able to enjoy the results of the winnings we get because it is not something we will always be able to get, in fact the chance of losing everything can be greater.
Congratulations because you can control yourself well and choose to make a withdrawal and enjoy the winnings because usually we will be very tempted to increase the bet, especially if some of our multi-bet bets work well, meaning we can feel like we are a good analyst and think to make more money by increasing the bet amount.

Yes that's right, if you do manage to get a win on one of your gambling sessions then obviously putting some of that winnings into something else that has the potential to grow money such as investments or other businesses is more advisable than you going back to gambling. But unfortunately it seems that very few people can do this, most of them prefer to apply greed when in that situation and put all their winnings back into gambling by increasing the number of multipliers and hoping to get a much bigger win which in the end turns out to be the result of dedication that creates significant disappointment when the results at the end of the session turn out to be losing, but most gamblers are always like this and even repeat it several times.

On the other hand it is true as you say that gambling is nothing more than a game of probability and this is indeed a true fact, there is enough evidence that we can make a benchmark such as those who apply greed but most always end tragically by losing everything they have won, therefore allocating money from winnings to other things such as investments or other potentially profitable businesses is a fairly effective idea to apply.

Yes, I agree, since I see it as a reward for our hard work, effort, and the range of feelings and thrills we experience when we bet. Winnings from gambling can be seen as an accomplishment or stroke of luck, right? Purchasing our wants and needs can serve as a means of rewarding ourselves for achieving success, resulting in a feeling of fulfillment and happiness. For me, buying significant items leaves us with a lasting impression, much like old photos that bring back fond memories as we age.
 
I believe that long-term financial security will be achieved if, for instance, the profits are used to pay off debts, invest in assets, or save for the future.
 
When we win big, even if it's only momentarily, we can use it to pay for schooling or other emergencies, like medical bills. This can have a big impact on our quality of life, even if it's only temporary, and it can also give us the opportunity to meet our immediate needs.
 

I support your opinion. Winning in gambling can become a nightmare if it is not invested. Some people won the lottery but broke after a while due to a lack of investment and an increase in their staking power. The fact that gambling is a game of probability is enough to remind us why we shouldn`t hesitate to invest or buy something of desire when we win. Desist from the urge to save because savings can be tampered with and used for gambling.