Topic: Healthy mindset to save earnings from gambling - page 12. (Read 1402 times)

Yes, you're right, I'm not sure anyone can save money made on gambling wins. Most people will spend that money on the next game. Even though the winnings have been withdrawn, tomorrow they will deposit again and again until the money is gone. In the world of gambling, if you lose, you are curious and if you win, you are greedy. It seems that the law in gambling circles is like that, though not all, but most people are like that

When talking about the world of gambling, then you should stop if you don't want your money to disappear altogether. If not, limit yourself very strictly so you don't always make deposits on gambling sites. Maybe you can make gambling for fun, but don't use gambling to make money

I have friends who are able to manage finances and have strong common sense so they can stop after winning. But most of my friends are not like that

I don't think there's a gambler who's not play more precision and focus because they're looking to earn money, they always consider loss in gambling is shameful which mean they will trying to win. But sadly they're always lose because the casino has a house edge for few %, this make the gambler has no way to beat the casino in the long run. Discipline, consistent etc are useless in gambling.

The first thing is gambling and investment give an opposite result in the future.

A low wallet balance can be pragmatically used and utilized to become a rich balance if we play with more precision and focus on the target but all still depends on our luck on the time because despite the research we conduct sometimes it doesn't favour, luck come like the wave of the wind. However, I have seen series of low balance accounts being built into rich account but the challenge is lack of management because they will lose the winning pattern and keep playing heavy until they go back low. Discipline is important in gambling.

If you withdraw your casino winnings to your bank account or wallet, it can be under your control, and you might also benefit from continuing to play casino games the way you have before. However, keep in mind that you have control over both the casino and your wallet and bank account. As a result, you can see that when a gambler wins a sizable sum of money, in my opinion, the only solution is for them to immediately invest that money in another venture rather than holding onto it for an extended period of time. If not, They will undoubtedly continue to gamble with that money.


People who have been gambling for a long time won't notice these because they will believe they are accustomed to it, and if they have won a lot of money before, they won't use a small sum to gamble because they will be thinking that another game may be in their favor. As a result, they will wager a large sum in the hopes of obtaining the same amount of money as before.

I'm not sure there are gamblers who are experienced at winning and winning at gambling cannot be obtained regularly.
After all, if gamblers get wins very often, they can be limited by the casino.
Most gamblers have the mindset of being able to make more profits, not saving finances, so it's difficult if you want to have self-control when you win, so that the wins don't disappear again.
It's hard to have that kind of mindset and few gamblers can do it.

becoming victorious from gambling is just a mindset that bookies have and for gamblers to have a rich mindset it will only be a very impossible story unless you are really lucky but luck only comes once in a lifetime in gambling and all luck is not always in large numbers.
from according to the OP's story this is related to lottery gambling and I admit that lottery gambling if you are lucky to get the right numbers you will definitely get a very large multiplier but this type of bet really depends a lot on luck.
but to just try my luck I think it's ok every day buy a lottery ticket with a smaller amount stay in self control everything will be fine.
because even though this type of lottery bet is a little easy to control yourself not to be too greedy to buy tickets at high prices, sometimes someone will start to get emotional and buy tickets in large numbers when the numbers bought are almost right.

this healthy mindset must be correct in all types of bets because with this one can avoid poverty, which always spends money only for the rich mindset of gambling.

I agree with you, if people are unwilling to save some of their winnings it's a serious problem of their mindset and might come from unhealthy expectations or being too greedy. Everybody knows the excitment of winning in gambling and the rush of positive thoughts from our brain. At least for me my brain keeps telling me that there is no chance I am going to lose now and that I should keep on gambling. Not sure if this comes from our mind looking for patterns, or it's just our faith believing in us. Nonetheless we need to keep our emotions in check and don't give into such thinking. My approach to a big win is to take some of that money out and not add to my bankroll. If I don't withdraw some of my winnings the risk is too big that I will just keep gambling with it and eventually lose it again.  I don't know if the mindset alone will be enough to transform a poor person into a rich person, but it will definitely make things better in the longrun. What I agree with is that we need a strong mindset to at least keep the money we already have. Also having strong financial and money management skills are important to control our overall finances. It's not only our gambling balance we need to control, our whole monthly budget for living expenses and paying bills should be controlled in the same way.

You're right. The chances to lose again is very high if you can't refrain yourself from playing. However, for many gamblers, this is hard especially you already experience to win. The thought that you might become lucky once again will hunts you. Hence only gamblers who have self-control can think of what's the wise thing to do when you're in such situation.

It's really a must that you're able to control your emotion so you can gamble responsibly. But thinking of becoming rich through gambling would not be a good idea because not all can be lucky. So just enjoy the game to entertain yourself and have less expectation. Because if you less expect to win but it happened, believe me that's certainly more satisfying.

Mindset depends upon the wallet backing, and in such situation how come a person with low wallet balance will have rich mindset. Whether it is rich mindset, rich person, broken person or whatever if there is zero luck then he/she gonna end up losing and end up broke.

Everyone have the mindset of turning themselves rich through gambling. The reality doesn't happen as we expect. This means luck factor is not in favour of us. Even with low wallet balance if we were able to win good then automatically the mindset will change from broken state to healthy state.

I always believe that luck in gambling will not come again and again, when I am lucky to get a big win I will not let the winning money be in my account, I will immediately withdraw it then invest in stocks or crypto expecting long term profits outside the gambling platform, we are not will never control ourselves in managing finances if we often splurge.

Mindset is indeed important for self-control in gambling, that's why people who have a long-term mindset, of course, know how to take advantage of their winnings and gambling income so that they don't run out, yes, even though I've never earned income from gambling, it's nice to see people can change patterns. think they become positive while gambling.

There are a few presuppositions that should be cleared up before we even talk about a "rich" mindset and "broke". What does rich even mean in this context? Relative to once starting point or relative to Elon Musk? Or being able to pay the most important bills on a monthly basis and a nice car on top?

I think what's missing in OP's graphic is also the word "luck". The right place at the right time, so timing is an issue as well. I know Op tried o sum it up in simple terms, but if becoming rich was simple, everyone would do it.

If gambling is the means to an end and that end is becoming rich, how would someone save earnings from gambling when actually that someone is forced to reinvest the money into gambling in order to become rich? It will be about luck and becoming rich with gambling only requires a lot of it.

I think your approach is generally wrong, unless you are referring only to those who play the lottery as in the image you put in the picture or games like the Las Vegas slots where you can win millions. The average gambler's winnings are usually much lower. Let's say someone who goes to the casino with $100. They usually bet less than $100, they don't gamble it all at once. If he makes bets between $5 and $10, how much can he win with a stroke of luck? $1500?

That money is not worth saving, it's extra money worth enjoying, spending, and then coming back with $100 again next time.

I for one keep my saving and investing money completely separate from what I spend on gambling, in that I behave more like the example.

Winners of huge sums of money don't understand that their money will literally run out if they don't do something that will generate them more money. It's something that, once you have money, you won't ever think about. But if you have a mindset that feels like you'll always need more money, you'll make more and you'll never run out. Also, don't splurge like your money is never ending; it will always have its limits. Lastly, get a financial advisor - it's worth it, if you don't know how to handle your finances.

Definitely, but most of the time its hard to control your emotions and it's a dilemma,

a. you are in a roll, winning successively and you want to stretch your luck and continue to play
b. you are losing, and yet you think you can recover and bounce back, you just need one win to feel better and off you go.

But most likely in both cases, you might still end up losing and then you see where you made the mistakes and identify it. So the next time you play you wouldn't make the same mistakes, but guess want, you are in that dilemma again but still didn't make the "right" decision.

Of course, the reality for gamblers who cannot save their wins or use them for something more valuable is that they believe they can still make more wins any day, which could even be a bigger one. That gives them the courage not to save up some money that they are gaining from gambling. Another thing is greed, which lures them into having bad emotions that can cause them to chase their losses until they end up losing everything that they have succeeded in winning. "Wisdom is profitable to direct."


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

This boils down to Financial literacy because no matter how much money you have or your winning is, if you don’t know how to spend your finances, you’ll become broke again after years. I’m guilty of this, because I didn’t save that much from my winnings and that’s my mistake during my early years in gambling, now I’m slowly recovering and trying my best to save from any winnings, having this small steps can still be a big help. There’s a lot of stories already about the failure of the lottery winners, I hope many already know how to spend their lottery winnings properly, that’s a huge money but they should control their spending.

^It could also be called, determination for me.
Because in my own opinion, the true winners in the realm of gambling are those who possess mental strength and emotional control, coupled with effective money management skills. We must understand the significance of preserving our winnings and making wise financial decisions, especially in gambling. By exercising discipline and avoiding impulsive risks, they increase our chances of accumulating wealth over time.
Think about it, for me,  it is not solely about winning at gambling, it is about cultivating a mindset that supports long-term financial stability.

That is not really a reason my friend because you can always get an advisor for your financial and you can learn from that as well if in case you hit big time in the lottery and in this way, you will avoid such instances and mistakes like getting broke again after a couple of years. Instead, having a correct advisor will help you in the right path and to choose the correct decisions in life so that your wealth will be preserved and will likely go up in the next couple of years.

Most of the lottery winner are poor people meaning they don't have the knowledge about financial literacy and all they know is to spend the money and that's why most of them become broke again because they are not too prepared for this. In gambling, you are more prone to play more if you don't have the financial budget as well and don't have strategy on how to handle your winnings. If you are able to win some, better to have more savings or convert it to your other investment so by this, that winning can have the chance to make profit again for you.

One of the main things on which gambler would really be having in their minds about on spending up money more so that they could be having the chance on earning more but since we know that the fact about

gambling that luck isnt always on our side on which means that those winning you do have earlier would really be just given back into the casino once again if you would really be tending to play even more.
This is the sole reason on why gambling industry is really that so big and something that profitable its just because of this common behavior of gamblers when it comes to winning and trying to play
once again just because they cant really just able to control their greed. The main thing on their mind is that they do get these winnings on easy way then they wouldnt bother on securing it out
but instead they would play even more.

This is why the cycle would continue because of this kind of impression and things in mind on a certain gambler. Earning easy money at the same time it would really be that easy to be spend out back
if you do aim for more wins.