Anyone here who retired with Gambling winnings ? - page 8.

yudi09

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Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ?

There is no time limit on when to retire from gambling. Retirement means stopping. Quitting gambling sooner before losing a lot of money may be better.

Quote from: arhipova on January 06, 2024, 06:42:02 AM

If not, how much you think is sufficient to retire as Gambling winning ?

Winnings in gambling also cannot be counted if gamblers play to enjoy it simply to entertain themselves.
Gamblers who record the number of wins and losses during gambling will say that the number of wins is very small from the number of losses received during gambling.

Gambling must be done consciously. If you want to continue after getting a big win or want to stop after getting a big jackpot, it depends on the gambler.

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Quote from: Promocodeudo on January 08, 2024, 06:48:37 PM

Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

People most not win to retire in gamble, if you are waiting to win before you retire in gambling, I think you have not started, I don't think there is any comfortable amount a gambling will win that will make him or her to retire in gambling, you should also know that retirement does not mean that you have left gambling totally, but what I know about gambling is that, the mire you win, you will want to go harder feeling that you will win, this is the mindset of gamblers, this can come in play when a gambler has decided not to indulge in the act again but as for retiring with a gambling winning as you asked, is no no for me.

A gambler does not know when he will win big or is there any guarantee of winning big. People who gamble can never retire from gambling. Maybe he can take a break temporarily but it's hard to break away from it. Because for some it is a means of earning money but for some it is a means of entertainment. Among gamblers there are gamblers who have hit the jackpot but again it is hard to find instances where they quit gambling. However, it is different for those who are older. I have heard some common words from addicted gamblers who vowed to quit gambling after losing too much but again they continue gambling.

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Quote from: Crypt0Gore on January 09, 2024, 05:12:01 AM

It's very possible to make millions in gambling, but if you don't know how to quit gambling you will pay it all back to the casino, this is the spirit of gambling, you don't actually win until you know when to put a final stop to gambling.

It is indeed possible to make millions in gambling but the problem is that not many can get that opportunity but instead will lose a lot of money. Most people don't know when they should stop gambling so we still see many people who end up losing a lot of money and can't get the winnings they want. And that's why only a few people can retire from gambling by getting big wins. But people will still try to get that victory because they still hope and dream of it. And because of that, we should be able to realize that because it is difficult to win from gambling, there is no need to make us try too hard to win the gambling game.

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Quote from: Crypt0Gore on January 09, 2024, 05:12:01 AM

Few people have successfully done this before but the question is are they able to move on? Without thinking about gambling ever again? Because so many gamblers find it very hard to quit even after they made a lot of good money.

Now that they have everything, why find it very hard to move on? This is why one need to be careful with gambling, it's too easier to become an addict.

It's very possible to make millions in gambling, but if you don't know how to quit gambling you will pay it all back to the casino, this is the spirit of gambling, you don't actually win until you know when to put a final stop to gambling.

Yes you are right it won't work most people who win large amounts of gambling will not completely stop completely, I'm sure they will come back to gambling again and start spending a few percent of their winnings on gambling again, retiring and stopping gambling is not possible. stop if only because you won big, if you really want to do it you must from deep within your heart want to stop everything completely.

Because if you stop or retire because you get a big win, it definitely won't work. As a small example, my friend feels like he has won and the profits from all his losses have been paid off. In fact, when he gets a big win, according to him, he will start to stop gambling and retire. but after a few weeks later I saw him playing gambling again, then I asked him again why he was gambling again, didn't he win big yesterday, he just said "There is no fun entertainment other than gambling", lol Wink

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Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

I don't think I will stop gambling because I won big. The mistake most people who win big make is that they increase their gambling budget when they win big. This unwise decision might make them gamble out all they have won. But if I win big, my gambling budget will remain the same because I gamble mainly for fun. My win will be invested and I will continue entertaining myself gambling with a little chunk of the win. However, if I perceive gambling as a source of income, $3m will be enough for me to start something that will give me a steady income.

Quote from: bitvalak on January 08, 2024, 03:06:26 PM

How can you say retire winnings from gambling?
Do you make gambling your job?
Meanwhile, gambling is not a job. Gambling is about winning and losing, not something that gives you the certainty of winning consistently.
If what you mean is quitting gambling after winning, I think that makes more sense. Because many people do that, especially people who are new to gambling.

You are correct, I think the OP means what amount can make you stop gambling for life. He used the wrong word because retirement relates to leaving or resigning from a job. I have seen some people that quit gambling after winning big. However, most of these people perceive gambling as a major source of income. So immediately they win big which is their target, they use the money to invest in a profitable venture and stop gambling.

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Quote from: Publictalk792 on January 07, 2024, 11:47:33 PM

Quote from: Jody.Drummer on January 07, 2024, 10:24:54 PM

Yes we agree, I think this is nothing more than a joke, basically it is very difficult to be able to think clearly when you have just won a very large amount, big wins are possible even though it is very unlikely but what is more certain is that I don't think you will be able to think of stopping gambling when you actually get these results, Instead the opposite will happen where a change in mindset will occur and also I'm sure you will put higher hopes and beliefs in winning, as you said that next they will put a much larger amount with the aim and hope "hopefully a win like before can happen again" it is very difficult to accept the fact that you will not expect anything.

One of the things that makes you more likely to gamble again with a higher budget amount is because the previous win is like a motivation that gives you the spirit to keep going, it won't be that easy to leave gambling because the casino knows what's in the gambler's mind, the casino has a formula to keep the gambler going so that's also the reason why gamblers can get addicted. Yes that's right, gambling is not a job in general that requires retirement time, for me this is just an activity to accompany me when bored, not a serious activity.

It is true that winning a lot of money can be exciting and make it hard to think clearly. But it is important to understand that gambling have bad effects and risks. Thinking that winning once means anyone will want to gamble more and bet more money is dangerous. It can make him/her addicted and cause him/her to lose a lot of money.
Also the idea that casinos can control and addict gamblers is not true. Casinos do use tactics to make more money but people still have the ability to make their own decisions and control themselves. It is important to understand the risk of addiction and get help if needed to have a healthy relationship with gambling.

Of course and because it is the big winnings that make a person forget the real facts about gambling which eventually get carried away and usually end up with addiction if in the process they can't reach awareness at all, yes I understand what you said about the bad effects that exist in gambling but as I said above and you have also said it that big wins have made it difficult for gamblers to be able to think clearly which ultimately makes awareness difficult to achieve, what will happen is to double the capital they bring with the aim of getting a much bigger win.

The misconception about the chances of winning in gambling makes it difficult for a person to achieve awareness to be able to know that the percentage of possible adverse effects is much greater than the chances of winning, maybe we also already know and experience that in gambling usually lose more than win and that is the reason that the percentage of winning is much smaller. So with this fact, it is clear that it is more advisable to gamble in moderation, there is no prohibition on gambling but there must be limits.

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Few people have successfully done this before but the question is are they able to move on? Without thinking about gambling ever again? Because so many gamblers find it very hard to quit even after they made a lot of good money.

Now that they have everything, why find it very hard to move on? This is why one need to be careful with gambling, it's too easier to become an addict.

It's very possible to make millions in gambling, but if you don't know how to quit gambling you will pay it all back to the casino, this is the spirit of gambling, you don't actually win until you know when to put a final stop to gambling.

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Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

Not me, I haven't win that big to the tune of hundreds of thousands of even millions. And I doubt though that someone will retire from gambling per se. 2 night ago I was in a land base casinos and I witnessed a lady who's playing in the slots and believed me when I tell you that he had millions and yet she is still playing.

Unless you really win a lottery, maybe you will think of retiring from gambling for good. But if you are just randomly playing and hoping that you will get lucky in a casino, let's ay in a slot machine, even if you hit that grand jackpot, you will go on the next day and try to reproduce your winnings.

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Quote from: darkangel11 on January 08, 2024, 02:46:14 PM

How much is enough? It depends on where you live and what are your expectations. For example the minimum amount to have as a retirement would be $1k a month times the number of months you plan to live. If you're 50 and want to retire, you're probably going to live for another 30 years, so $360k would be a bare minimum to survive. But that would only pay basic bills for 1 person and buy you food. To live a normal life and be able to afford holidays, private medical facilities and such, you'd need close to a million.

You know, I think that winning a minimum amount to survive, or the amount a person earns multiplied by number of months till pension, not going to work. If someone wins a million and think that it will be enough to live 10-20 years, then this is a false statement. When you get a lot of money, your habits also change. A persons start to think about think he could afford right now, a person starts to buy expensive things instantly. I am sure that first thing people buy will be house or apartment, then a car, furniture, devices. And a million quickly turns into $500k for example. When a person gets an access to money, he does not think about saving anymore.

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Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

People most not win to retire in gamble, if you are waiting to win before you retire in gambling, I think you have not started, I don't think there is any comfortable amount a gambling will win that will make him or her to retire in gambling, you should also know that retirement does not mean that you have left gambling totally, but what I know about gambling is that, the mire you win, you will want to go harder feeling that you will win, this is the mindset of gamblers, this can come in play when a gambler has decided not to indulge in the act again but as for retiring with a gambling winning as you asked, is no no for me.

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Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

I can go off gambling even if I don't win and any time. Those who can't make it are those gamblers who are already addicted but if you are a responsible gambler, there is no such thing as "retirement", we can stop whenever we want.

We have to note that gambling is not a job that we have to stay long. If we just wait to hit the jackpot prize before leaving gambling, we possibly spend our whole life in gambling and I can't really imagine doing that --maybe you?

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How can you say retire winnings from gambling?
Do you yourself make gambling your job?
Meanwhile, gambling is not a job. Gambling is about winning and losing, not something that gives you the certainty of winning consistently.
If what you mean is quitting gambling after winning, I think that makes more sense. Because many people do that, especially people who are new to gambling.

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Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

Gambling can never give you money for retirement because it is not a job and any gambler that wins big will definitely continue gambling because he sees it as an opportunity to win more money since he already have won big.

It is only addicted gamblers that needs to quit gambling but a responsible gambler will continue gambling because he sees gambling as fun. The fact remains that as a gambler, you will lose more than you win and there is no hope for retirement funds in gambling.

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How much is enough? It depends on where you live and what are your expectations. For example the minimum amount to have as a retirement would be $1k a month times the number of months you plan to live. If you're 50 and want to retire, you're probably going to live for another 30 years, so $360k would be a bare minimum to survive. But that would only pay basic bills for 1 person and buy you food. To live a normal life and be able to afford holidays, private medical facilities and such, you'd need close to a million.

Quote from: Marykeller on January 08, 2024, 02:28:28 PM

Do gamblers really gamble to retire from it?

No, OP is daydreaming about retiring on profits from gambling. Sure' it's possible, fir example a lottery winner can do that if the win is big enough, but how many people actually will achieve something like that? 1 in a million? Pro poker players sometimes retire as gamblers too, but that's a very hard and demanding "job" if you can call it that. It's going to leave a mark on you even if you manage to be good at the game.

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There could be someone who has retired outside from here but so far I never come across any post that related with someone retiring with gambling, you know this is very funny for someone to retired with gambling. Okay if I make asked how do you mean by retiring with gambling?
Does it mean becoming a share holder in a particular casino or does it mean becoming the highest winner ever since the casino/ gambling site was launched? If so then there is every possibility for someone to be retired with gambling.

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Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

Is that even possible? I bet 99% of the people who gambles won't going to achieve that. Well, this could be possible for those who win in lottery jackpot, but for casino games, I don't think anyone of us here can achieve it.
When you're young maybe or adult around 30s or 40s, you would definitely need to have at least $500m that I could say I am comfortable with retiring, considering that there could still be a lot of years you need to spend for you to live and live a normal life not lavishly, but in this case you won't going to go back to gambling otherwise you'll get bankrupt before you reach senior years lol.
Nevertheless, this can't be attainable. Millionaires may win millions as well, but they don't retire because they still need to run their business. So, no my answer to this is, no you can't make retirement plans with gambling wins.

Marykeller

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Do gamblers really gamble to retire from it? For those who want to retire from gambling, how much are they willing to risk in gambling for them to actualize that? OP, these are some of the questions you need to take to heart before bringing the question to the forum.

OP, to what I can understand best, gamblers don't retire from gambling the moment they win big, they retire when they have lost a whole lot of money they can't afford to lose. Retiring because of a big win doesn't come into play so easily because any gambler who wins big would like to win more because of greediness.

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Quote from: moneystery on January 08, 2024, 09:15:02 AM

gambling cannot be used as a job to earn money that can be used to live in retirement in peace because gambling is entertainment where people have the risk of losing their money. even though on some occasions someone can retire from gambling from the money they get from gambling, this cannot be used as a role model for someone to follow in those footsteps by gambling for the purpose of retiring from it, since getting a jackpot from gambling is very low and only a few people can achieve that.

That's right and that is the reality, I think everyone has the right to choose their decision as long as they can take full responsibility for the gambling actions they take. Here the point is that gambling cannot be used as a reference for getting money, but if your luck doesn't run out then you will definitely continue gambling without thinking about when you want to retire. So actually it comes back to each individual and I think when some people start to fail in gambling they should have thought about retiring and it would be better to try something new outside of gambling.

Maybe not many people can get endless luck, but sometimes there are unexplainable factors that only he understands, so we can't describe things in such detail when that person continues to experience luck when gambling, especially for those who often win the jackpot.

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Quote from: zaim7413 on January 07, 2024, 11:54:23 PM

Quote from: arhipova on January 06, 2024, 06:42:02 AM

Anyone here who retired with Gambling winnings ? If not, how much you think is sufficient to retire as Gambling winning ?

It is impossible to win the target amount and then retire after reaching it. Gambling is full of twists and turns, maybe today you are lucky by winning a certain amount of money, tomorrow it is not certain that luck will come back with you. Gambling is not a job that can give you regular income every week or every month, when you target a certain amount before retirement, that's when you have started an adventure that is very difficult to reach the finish line.

I have to agree with you but at same time, I can not totally agree with you because gambling is all about luck and you know, a gambler might have the luck of winning when the right time comes.
So, if a gambler have a specific amount that he or she would like to win, and when the time of luck reaches, he or she can win the amount he or she wants and then resign.
Even if a gambler do not stake high, when the right time comes fir him or her to win the amount he or she wants, they will still win them.
Although, it is very hard but believe me this, that only luck can make such dreams come through.

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Quote from: bakasabo on January 08, 2024, 04:51:29 AM

I think that it is impossible to retire from gambling if you win a lot. First of all, like Oshosondy said in second post, gambling is not a job. It is not a job that you work for years and then get a pension. Second reasons - it is impossible to win so much that you wont have to work anymore. With great money comes great expenses. If you earn $2k a month and win a million, you wont continue living like you earn $2k only. People will always want more and more. And from this comes a third reason why it is impossible to retire - when a person wins a lots, he is more stimulated to continue gambling. Not only that persons wants to repeat his achievement or success, but also he wants to improve, to surpass it.

If you do make yourself that relying into gambling winnings for you to retire then better to have not that kind of perception or believe because it would really be just that making you desperate
on the things that you are currently doing. You should really be that at least realistic when it comes to things that you are dealing then it would be always best that you should really know
on whats ideal and whats not. We do know that gambling is really just that good for fun and not for making money and thinking about retirement? Those things are really just that possible
when you do able to hit up some nasty jackpots. Someone heard about those slot jackpot of $42M recently? Those things on where people or gamblers do really target on,
on which having that lifechanging opportunity.

Topic: Anyone here who retired with Gambling winnings ? - page 8. (Read 1326 times)