Topic: Anyone here who retired with Gambling winnings ? - page 9. (Read 1326 times)

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.

I completely agree with your gambling and retirement views. No matter how much you win, it never entirely covers past losses. The cycle is as random as dice. The fun of gambling is the play, not the finish. As you pointed out, gambling retirement is personal.

What if we view gambling as fun rather than a financial strategy? Imagine using it like a movie or theme park ticket. Fun and excitement cost money. Setting restrictions is like budgeting for another pastime. Gambling stays fun without becoming a financial disaster.

Balance matters. Gambling responsibly and for enjoyment may be fun. When it gets boring, you should step back. Thus, retiring from gambling becomes more about listening to your heart and laughter than pursuing loses or gains. Isnt it ideal to win a little, lose a little, and always smile?

Of course and it will only be a waste of their time, from one side alone we can already conclude that it is very difficult to achieve the success of getting a big win as a provision for retirement if the place to find funds is gambling, as you said, let alone to get a big win like that basically to get a win with a medium amount or 100% of the capital we bring alone is very difficult, so with that already don't be too excessive in putting your hopes on gambling, this idea will only endanger yourself. Instead of getting money to fund retirement but what happens instead is losing a lot of money as a result of your process of chasing big wins that are completely uncertain.

Yes even experienced gamblers I don't think will be able to get results like that, I don't mean you can't but I doubt you will be able to go through the process, big wins can happen but the problem is can you survive the many trials that have the risk of losing all your money? If you answer based on emotions then obviously you will say "Yes" but try to use a healthy mindset in gambling because emotions will only make the situation worse. That's right, forget the idea of getting a big win, it's not unattainable but it's just too difficult and I doubt you'll be able to withstand all the pressure that could potentially make you depressed.

This question is empty words from the first word to the last. You don't know how someone lives, what responsibilities someone has, what goals the person has, what other income the person had, what addictions the person has. There are numerous things that you did not ask for, which instantly invalidates your question. It is irrational to ask this without giving a kind of framework you want this question to be embedded in.

If someone wins $10 million in poker and plays high stakes with $1 million buy ins, can the person retire? I don't know, probably not. Can the person afford a bunch of Ferraris and a villa? Maybe if no other expenses are recurring monthly.

It has to be a fantastic amount or at least be able to have assets from that money whose assets can provide passive income and I haven't gotten it yet and it seems that of the many gamblers only a small percentage can retire from gambling because won a fantastic amount, like when they can win the lottery whose value is life-changing or like what happened in one of the famous casinos on this forum where there was a player who managed to get $42 million, and if the gambler wanted to retire he could comfortably enjoy his life with that much money but my guess is that he was already rich before looking at the amount of bets in the game based on luck is a fairly high value and only a few gamblers can bet with the value that the gambler uses.

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.

I believe that when the money is so damn enough it's a calling to quit gambling forever, like the guy who used $50 to make $42 million dollars?

https://bitcointalksearch.org/topic/unreal-sportsbetio-pays-out-a-42000000-usdt-casino-win-5480517

I believe this person won't need to ever come back again, because this amount of money is more than enough to set a generational wealth for his generation, unless he is a stupid person who lack the knowledge.

What am I even saying? This is a possibility, many gamblers lacks the money management skills, that's why they gamble recklessly in the first place, and if a reckless gambler win a lot of money, it won't make them smarter.

Allow me to ask, what is your motivation for asking and what is the basis for your thinking with the pensuin idea of ​​your gambling winnings for example. honestly, I never crossed my mind with this question. is this an idea, or... well, I agree with the point made by another member under your post, "Gambling is not a job". and what he said is the most appropriate answer to your post. Gambling is not a job, because there are no certain results when we gamble. in most cases, a person accepts defeats more than wins. then, how will we retire with our gambling losses. unless, someone hits a jackpot in multiples of millions of dollars. either from the lottery, or other gambling that involves very large winnings. examples there are many, for example I bet on sports multibets with a large bankroll. and when I win, I get millions of dollars for that win. it can also be done with other forms of gambling, one bet with all the money you have, in other words All IN. you can play the game you like, whether it's roulette, baccarat, or other types of games. when victory is on your side, you will get a win commensurate with what you bet. then, are we going to stop or just say retire. probably 99% won't. except, those of you who have ideas like this.

To be honest, I'm not a gambler who always bets with a large bankroll. I usually adapt to my needs when gambling, but there are still limits that I have to obey. I don't think gambling is a job, a place to make money, or anything else that has the idea of ​​a livelihood. for me, gambling in this era is an instant form of entertainment amidst our busy routines. with a busy work schedule and limited time, this entertainment is the most efficient thing I can do. besides, I really like gambling, especially football. I get a lot of entertainment, whether it's from watching a match, analyzing a challenge, or getting an adrenaline rush. with this, I feel alive, because there are exciting challenges in the remaining free time I have. this is the form of entertainment I get, regardless of wins and losses.

Retirement cannot be done if it is targeted, winnings are unpredictable and luck does not always come, sometimes people who are involved in gambling spend their time and money there, it is impossible after winning to retire of course they still consider it a big loss if they have to stop only winning a few percent of the money he has spent since the beginning. so that stopping retirement cannot be implemented.

Stopping to retire from gambling must be from the heart, not focused on the finish point where you have to stop and have to get a big win, gamblers will not always end well in the end, they will still be a loser, experience defeat and also go bankrupt because of gambling, the point is, don't ever think. get a win and then you can retire easily because to stop gambling or retire must come from the heart, not the money you get from winning.

Target amount are of different sizes remember!, so this is something I believe you should try and emphasize on possibly when next you make a comment like.
For example, a person target could be to win atleast, a hundred dollars then or before he or she quits or stops gambling, winning a hundred dollars should take ages if the gambler surely knows what he or she is doing, even though there is still a chance that before he or she wins that hundred dollars, he or she must have spent and lost more than that on gambling, but this is if luck isn't on the gamblers side totally.

This also can be as well compared to someone who wished or targets to win a million dollars or more before quiting or retiring, this is way more harder to achieve, coupled with the fact that to win such an amount in one go, the gambler will have to be staking high, which brings us to the fact that if luck Is not on the gambler's side, he or she may as well spend more than a million dollars before ever winning such an amount, or he or she may never even win it.

I personally do not see setting targets in gambling as something I would ever do, I think it can lead to irresponsible gambling.

Well, I think that someone must win at least 40/30 years of annual wage and this amount should be wisely invested.
Let's take some basic count... Here in Italy a (low) salary is at 1000 Euro Monthly.
12000 euro / yearly... It means at least 480K euro as single win!
I believe this is the "minimum" to leave. Of course doesn't implies a lavish lifestyle (at least here in this continent) but probably it's a decent sum in many many other places.

When someone wants to retire from gambling with a lot of money, he must be able to realize that his wish will not be easily achieved because just getting a win is already difficult, especially when it involves big wins that he can use to retire. It is true what you said that if he was a casino owner, he could easily retire and hand over management to other people he trusted so that he only had to receive his pension money every month. But this is about getting big wins from gambling, which will not be easy to get even for a pro or experienced gambler. By becoming a casino owner, it would make more sense to be able to retire from gambling and enjoy the profits earned by his casino so that he doesn't have to think about his business but just wait for his retirement money to be sent from his casino.

So it is better for those who want to retire from gambling with a lot of money to forget about it, and they should retire from their jobs because it will give them pension money every month that they can use every day. They can also gamble and try to win the game so that maybe they can win some money from the gambling games they master. The mindset of getting big wins from gambling so they can retire must be changed because it can't be obtained, so they don't need to have that mindset, especially if they never get a big win at all.

It depends to a persons perspective about winning, maybe Some people have a goal of winning and when they get to the goal, they stop but Some people have also been so obsessed with gambling that even if they win a lot, it seems normal for them. For those who have become a hobby of gambling, it is difficult to determine whether they are willing to stop it because sometimes even if they say a word,  they never follow it because they know for themselves that they really don't want to stop, Especially if a gambler is a full-time gambler and has no other job, he has more time to continue gambling.

The amount of money needed to retire will depend on too many factors, like the country where you live, the lifestyle you want to enjoy, your age, your life expectancy, health, your partner expenses habits if you have any, and your kids if you have any too.

So the amount that you need to retire may vary massively depending on those factors, with some people only needing a few hundreds of thousands of dollars, while another person may need tens of millions in order to do the same.

Most games are designed to make you lose in the long term by a slight difference, so chances are that the more you play the more money you end losing. Luck doesn't last forever, and even if a lucky player won 10k, if he kept gambling with it most probably he would end up losing at least a part.

That's why I especially like lotteries. Because, if you win the big prize, you can forget about continuing playing, because you already won enough for a luxurious retirement. And even if you continued playing, the cost of each ticket is so low that it wouldn't impact in the prize won (unless you play with thousands of tickets per draw).

In reality, only few had probably retired due to gambling wins since most of us losses money continuously. Probably it's high likely that we retire in gambling first before we can't afford to gamble anymore than retiring because we already win a lot of money. That's why gambling is not good to be considered as retirement as it's called as an entertainment for a reason, it's not considered as our business or job where we can milk money,  it's the other way, at least on most of us.
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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 don't think that someone here is going to reveal that they've won something big in gambling, that's a mistake to do in my opinion because there's malicious people online that might try and track you via your confession that you're a winner of a really big jackpot so they're either here not revealing anything or there's no one here that has win that big of a money in gambling.

At least humor what OP is saying and I do think that what OP meant that if you were to win like a hypothetical jackpot that whether what amount would you consider continue gambling or retire gambling. I do think that OP doesn't mean that gambling is a job, OP probably just find that the word retire is a fitting word in the situation and the question. For me though, I feel like a jackpot of $10 million would be enough for me to retire and just do what I want to do in life which is traveling to the different islands in my country, there's a lot of it and I don't think it's a bad idea to not visit any of them at least once, also that kind of money enables me to fully live like a nomad.

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.

In my opinion it is very impossible to retire from gambling, in my opinion if someone has become a fan or hobby of gambling, it is very difficult for him to just retire, maybe if one day he wins then he will think about stopping for a while. while enjoying the results, so that it can be used for long-term investment and it is possible that he will also gamble again even though it is not every day.
Meanwhile, if someone often loses when gambling, then he will be more brutal in trying to get his money back because he may not accept the defeat so he may continue to gamble in pursuit of winning.