Topic: 5 Things You Need to do After a Big Win. (Read 1606 times)

Greediness puts them in a situation where they can missed that kind of opportunties, if they managed to make that hard stop and not  to push thinking that they can win more, they might be able to enjoy their big wins, diverting the money to grow more and not to use it to keep betting, its all about discipline and how good you are managing your money and let it work for you and stop being greedy.

Yes, that is right because they have a chance to win from the games but they can not hopes that they can always win from that. But many people still forget to stop their gambling activity especially when they win the money but they want to win bigger money. They becomes greedy when win some money and hopes they can win bigger. What they need to do when they win big money is withdraw the money and leave the casino so they can enjoy the win money and celebrate it. They can back to casino anytime they want but the important thing is they must withdraw their win money and stop gambling.

There are really that two types of gamblers on which into those who do gamble for fun and to those who do gamble for money or profits. This is usually the main reason on why people do end up on miserable or having some problems about finances just because they do make themselves that being too delusional and desperate about winning up the game. On the time or moment that you do win up something big then it will really be that not up to your concern on how you do make use of those winnings because on the time or moment that you will really be having that boost up of emotions then the primary thing that comes up into your mind is to play up even more and hoping for more winning. This is why its really that important that you should having that good self control and moderation with those emotions.

On the time or moment that you do have that kind of mindset then you are definitely making up yourself on having that huge trouble on the time or moment that you do spend up
too much money because of gambling. It will really be that important that you should really be that having that control and discipline because it will really help you out on
avoiding those potential disasters that will happen into your life. So better be mindful into the decisions that you are making.

One of the reasons why people put in so much passion for gambling is because of the profits in it, some gamblers still make a big mistakes after winning big in gambling they carried away and forget to set up something good that can generate money as steady source of income, and they still believe money can always be gotten in playing gambling. It is not easy to win gambling and if one should be lucky to win something reasonable, I think it is a privilege to use money well not to depend on gambling so much. When one already have something that gives money the interest they have for gambling, mindset of making money quick reduces.

Gambling Generally people gamble by following different strategies, many gamble to earn money and there are unique gamblers who gamble for fun. People who gamble mainly to make money can retire with big gambling wins, but those who have a stash of money are mainly gambling to fulfill their desires and hobbies.
 But I think after getting a big win from gambling it should be put to good use and keep some money and gamble again. Because gambling usually depends on luck, if there is a bigger win in his luck then his next life will be successful.
But the biggest reason is to stay away from gambling addiction, because only those who are addicted to gambling have faced losses.

I agree with what you say, particularly things Work well when you get income all the time from work, work is what gives us the income that we can always receive, the fact that you have earned money, well, you have to use it to Invest it and thus Multiply it , that's the Only thing I can Say when there is extra money, then in this aspect things can be decisive, I see that if things are done that way , even if it's buying BTC, you are already Saving and Earning as long as life Continues as it goes , and obviously Accepting one thing or another improves with the money earned.

Well I will say something here that believe me when you know, understand and realize about the difficulty of earning money then you will know how to appreciate the money you have regardless of the amount, and I am sure that it will be in your mind when for example you have  your own business for example where you will be aware of the difficulty of earning money, and I think that is enough to make someone aware that gambling  should not be an option, and also I am sure that they will prefer other entertainment options that do not involve the risk of losing money, so  the point is when you realize about the difficulty of earning money then you will know how to properly appreciate money, I am not saying that you will always lose every time you gamble, it does not matter if you want to get involved in gambling but make sure  from the start that you are ready to lose that amount of money.

And will also change one mindset concerning gambling, especially those who are gambling for money alone , if they could open a good business with the money they won from gambling it will help them to reduce that urge of wanting to gambling always, changing their mindset to gambling for fun always, which will definitely help to minimize risk and losses .

I would never recommend quitting job or selling house and that sort of advices. The backing of the job and a stable income is a cushion for the person in question, those who dont understand this have a poor idea of managing finances.

In the period after getting a big win the ecstatic phase needs to be passed away in calmness, otherwise the money will be lost. That is the most vulnerable period when rash and idiotic decisions are made like the one above.

Similarly quitting the gambling habit should be looked in after a big win because this is a redemption attempt and it should not go in vain.

Yes and I think it is indeed very possible to happen, or what I mean is when you succeed in getting a large amount in gambling then of course it is very unlikely for you not to try gambling again, believe that the urge of curiosity and self-confidence is very big when you have previously succeeded in getting a large amount of winnings, I am sure that you will think that "I succeeded before and I will definitely succeed again using the same method as before", I am sure that is what will be in your mind and at the same time will continue to encourage you to try.

On the other hand, this is also the reason why a gambler always finds it difficult to ignore the greed in him, and this is also one of the reasons that someone will only stop when they have run out of money. The analogy you gave in your second paragraph is correct, I agree with that and I am sure one of the biggest reasons why a gambler can really make the decision to quit his job is because of the high hopes and beliefs that gambling can provide everything, and that belief arises due to the effects of the big wins they have made before.

That's if the winner doesn't already have a plan for the win. If they do, I don't think there should be anything delaying them further than to plunge into what their dream is and make it come alive.

Those are true. It's needless announcing oneself too soon after a major breakthrough. You never can know who isn't happy with your success.

That's apt and sound reasoning. Take cash out online and put in offline venture(s). It's a better way of safeguarding one's source of living. If the lucky winner is a crypto or forex trader, it will be ideal to also invest there.

Absolutely right, and I have seen many examples of people who received a lot of money and they did not become better, but on the contrary, they showed everyone their true bad nature. After all, they no longer had to pretend to benefit from others. I also have an example of an organization that was bought by a rich man from the guy who created it. I am talking about a small bank, famous in my country. So, that bank lost all its attractive programs for people and became very mediocre.

I don't think so because that will depends on the person. If you can finds an honest financial assistant who can works good as you wants, you will not just waste your money but you will see many plans from him. You can use that plans or modifying to what you wants so you can follows the plans to have a better life in the future. Besides that, we can search for the financial assistants that will not cost too high but have a good works.

I prefer to buy Bitcoin using that big money from the winning because Bitcoin is the best asset of the investment that we can have.

That's right, most people will buy what they want when they win big in gambling. It is rare for someone to save their big win for their future, most of them will immediately spend it on what they need or want, but even so I think this is a natural thing because many people do gamble because they need money to buy something they want but because they don't have enough money they look for ways to double it and gambling is one of the choices.
I agree with you, it would be nice if we could use it well, such as buying what we need, not what we want, because sometimes what we want is not as important as what we need. However, the behavior of buying what we want has become something that is difficult to avoid.

1.Let it sit for 1 month which it won't really be giving out the guarantee that you won't be spending it again in gambling.It will still have the possibility that you would be spending it all.

2. Spending up some time with your family with your winnings is a good action to make yet spending up something for family  is always been a good thing but it should be in moderation in comes on spending money.

3. Changing life style that isn't that in line with your source of income is really just suicide. Don't try to make yourself get in line with other people who do have much better situation that you because we do have different status in life.

4.If the amount is significant then this is the time you do consider on getting one.

5.Quitting your job isn't recommended and also it's really that boring if you won't be doing something despite of having a huge money or sustainable income, but who doesn't like to work 8-5 forever?

By doing so, you are moving forward to let that winning amount to work for you, consulting someone who knows how business will work for you or whatever investment that may be fit for you is the right thing to avoid losing it back, it's more benefiting if you manage to preserve the money, not just to use it for something that will allow you to enjoy but more on the side of investing to grow and give you more decent financial stability.

What about giving what belongs to ceaser? I mean giving your 10% to your church and celebrate your win? Just kidding. I think one of the things you need to do when you win something huge from a casino, the first thing you should do is to remove the capital and if the profits is big, withdraw it and use the initial to continue the betting especially if you have some initial bank roll on your account, it's every dangerous and tempting to leave huge amount of money on the casino.

If you ever win something big with your casino, use it to do something you will appreciate. If it's business you want to do, start it and if it's investment you want to start, do it quickly. By the time you start touching that money, you will not know when it finished from your account. This is not proven but I have seen people useless casino money on something that are not valuable.

This is some basic good advice, although many average earners might not necessarily consider a win of 20x of their monthly income to necessarily be a life changing amount because it is barely a year and a half worth of salary - although it would certainly be welcome! That being said, most of the tips would still apply. While it would certainly be wise to invest it and start or extend your existing portfolio, it is going to have a rather minor impact unless you are consistently adding further to that investment afterwards. I personally might tell a couple people close to me about this smaller sum, if you started approaching the hundreds of thousands or millions, then you would certainly want to be much quieter about it.

These two complements each other. So, if your winning is a lot of money and it can last a lifetime. Consult someone that's an expert on financial matters. But at the same time, you have to learn on your own because not everyone is going to help you out as exactly as how they are paid for. You don't have to be reliant on them while they're giving some meaningful advises that you can extract, take or ignore. You are still going to be dependent on how you want it to be with the money you are having from the winnings that you have. People believe that if money comes from gambling and you've won it here, it will also be taken away quickly. I don't believe in such, it's all about how we make our decisions.

Starting a business is the right choice so that the money from gambling can circulate and produce something that can be used as passive income. However, if you have debts or other financial obligations that must be paid every month or the like, you should pay them off immediately because it can help improve your financial stability. And if you choose to do business from big wins in gambling, do it seriously and also work hard if you like the business you create, over time you will definitely be able to forget about gambling because you don't have time or are very busy and from all that you must also have a serious intention beforehand so that everything goes well.