Topic: Healthy mindset to save earnings from gambling - page 14. (Read 1457 times)
hero member
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Leading Crypto Sports Betting & Casino Platform
That's very true what @OP said because by saving victory, it means we appreciate what we have got. And instead of using the winning money to increase the balance, play gambling to get another big win. It can also provide a risk of losing more money than we can afford, so it's better for us to save the winning money and keep using that amount of money to gamble and get other wins. We can save the winning money. Even if we win, we can collect more money. And indeed, only people who have good self-control can do it so if we don't have it, we need to learn it to keep the winning money.
Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
I do have that. it's not that I don't win but almost all the time I lose all deposit balance including the winnings and after few weeks or months I repeat the same. Today, I lost around $300 with two gambling sites. Only around 1 mbtc left in one of the site and I am sure I will be losing that soon too before giving a break for another few weeks or months LOLAnother factor that affect litter lottery winners is the fact that they don't have any plans, and it's very easy to spend money you didn't work hard to get inappropriately.
A close relative won few millions in lottery back in 2012 or 2013 after few years he is back to his regular hustle. I heard it's not just him, many people who instantly win a large amount of money, can not keep up with the wealth. Sooner or later they discover they spent all. 
And oftentimes than not, it's all about what kind of person you are becoming and not how much you've won on a bet. If you've won big but don't have the proper mindset to keep that sum of money, you will just lose it again or give it back to the casino losing all your wins. But if you have the proper mindset plus the persistence to stick to your own rules and parameters and gambling. You know that if you're patient enough, the right timing for your wins will come at you, and be able to keep and multiply it also. So regardless if you now broke or gone rich. If you have the rich and proper mindset, that's already a win in the long run.
If you are using an exchange to save your coins,
Friend , the last time I checked the post you are responding to I didn't mention exchange or was I making reference to exchange wallet. You are imputing the above because I didn't mention exchange and that response was misinterpreted if you add what was not on the post.
Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.
Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.
https://twitter.com/10XGrowthPro_/status/1677512278948859904
From my own point of view,those who win big in lottery don't invest their money into businesses because they lack someone who will advice them on what to do with the money. As a gambler,if you have someone to give you advice,you will be better of than someone who is gambling secretly and don't tell anyone about his gambling activities. Some gamblers fail to understand that winning big is about luck and will happen once in a while that no one can tell the actual time,they will use the money to live an extravagant life because they think that gambling is a job, forgetting the risk involved in it or forgetting how long they have lost before the big win If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.
Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.
https://twitter.com/10XGrowthPro_/status/1677512278948859904
If you withdraw some and leave some there is tendency that you might have a break for sometime either because you don't want to stress yourself to login into your personal account, activate your password, get email codes or phone codes and all other necessary requirements to access your wallet funds before transferring to your casino wallet.
You do not need to login with 2FA or any code if you are talking about wallet. It is very easy to transfer money from your wallet to a gambling site account. The confirmation time will even be faster if you use altcoins.If you use an exchange and it has been long that you login, those kind of codes can be asked. But if active on the exchange, you may only be required for authentication code. Some people even have some addresses that they have whitelisted on an exchange which needs no authentication or password.
It's no surprising for a lucky gambler use most of his winnings to buy every expensive things and take many vacations without need to think about the future. He might think he will become the winner when he joined the next lottery, so we all know it's completely wrong because the chance to win in lottery is almost impossible, it's very lucky for someone win a lottery for twice. He will regret after he don't have any money anymore.
If you withdraw some and leave some there is tendency that you might have a break for sometime either because you don't want to stress yourself to login into your personal account, activate your password, get email codes or phone codes and all other necessary requirements to access your wallet funds before transferring to your casino wallet.
You do not need to login with 2FA or any code if you are talking about wallet. It is very easy to transfer money from your wallet to a gambling site account. The confirmation time will even be faster if you use altcoins.If you use an exchange and it has been long that you login, those kind of codes can be asked. But if active on the exchange, you may only be required for authentication code. Some people even have some addresses that they have whitelisted on an exchange which needs no authentication or password.
You made a wrong analysis of the intention of the post. I only made an analysis of the way a gambler can save money by withdrawing some of his money out of the casino wallet and to his own personal wallet because leaving it there and playing from it is tempting to continue playing after losing. So if he has withdrawn some away, he may decide not to refund after losing the money he left in his wallet. I understand whotnot about 2FA . Some times we could procrastinate towards getting to refund an account so that is the purpose. Such break between losing money in casino wallet and refunding can make a bettor take some break thereby saving that money.
Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.
Financial discipline is the hallmark of every wealthy and successful person that I know. The thing with people winning the lottery or winning big monies from sports bet and squandering it within the blink of an eye is the because these people are come from poor background with a lot of financial stress. They don't know how to save and what comes to them is consumed immediately. Some have never made $100k once and so whenever luck shines on them and they win, the thing on their mind is how to fulfil their wants - buy an expensive car, go clubbing with a bunch of escorts girls and just do dumb stuff. They only come to the realization when the money left is a couple of bucks left.People in the category mentioned by the OP are those who gamble responsibly. They have already built up a healthy gambling pattern that they know what to do when they win money from the casino, no matter how small it it.
People have a good mind and everything is good so they go gambling with a good mind they can control themselves from gambling and think well to make any decision due to which it is easy for them to overcome big losses. And through healthy mindset it is possible to think smart which is why earning from gambling is also possible. Gambling is a critical thing that can make people get rich very quickly and also make people from rich to poor very quickly. So one must start with a healthy and fresh mindset for gambling which will help in avoiding big losses. this is a good strategy to get better at gambling
When you unexpectedly become a millionaire or even a billionaire on a single day through gambling or lottery, you're not prepared on what and where are you going to use your winning money. Most of the time, the first thing gamblers do is to buy the things they want and spend a lot on their wants. Who wouldn't? You can afford to do or buy anything you want without worrying about finances since you win a big money. Also, the common mindset is that they still have plenty of money so it won't hurt gambling again. But sometimes they lost track of how much money they already spend on their continuous gambling. Sometimes gamblers tend to enjoy spending their winnings too much that they forget to allocate some of it to circulate the money and maintain the wealth they have.
Greed is what I guess causes lottery winners to get broke after hitting the jackpot. Addiction is a major problem as it plays a major role in a gamblers spending rate. Sometimes these lottery winners might have good plans for their wins when it comes but after hitting the jackpot,they become excited and thinks that they will be lucky again to win big and wouldn't have plans towards investing the money. Instead they will go back and keep on playing till the money gets dried up due to lack of self control.
legendary
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I can't help but agree, in my lifetime I've heard several stories of how some people made millions from gambling, winning the lottery but at the end of the day, they returned back to being broke again, they say image speaks better than words, and I think the inforgraph op shared says it more than any one of us here can say it, in gambling, any body can get so lucky and hit some major big money, but it takes a rich mindset to sustain that wealth and even pass it to the next generation.
Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.
The problem with people with broken mindsets is they are not ready, and they have many dreams and wish when they get rich, so when they hit the jackpot they only realize their wish and dreams and they have no plans for what to do with their huge winning, they only realize that they need to set up a business and money management when all their money are vanishing.
They travel a lot, buy luxury things even things that they don't know, we have a saying if you keep buying things that you don't need, you will end up selling things that are valuable to you.
People even if they do not have the means to set up a business should have a good money management and should have a long term goal.
Lottery winners before winning do not have any idea that they would ever win. That is the reason they are not prepared to suddenly get rich. When it happens they do not have any plans for the money. That is what I feel might be the reason they lose every penny that they won. I do agree with the healthy mindset you would enjoy gambling. Those who enjoy gambling never think about the loss but are there to enjoy the adrenaline rush. I also agree with your point that most are hooked on gambling.
It depends on the amount more than the healthy mindset which of course I fully agree with.Let me make you an example from the different lottery we have here,national lotteries,we have both of them running from private companies who are watched by state entities and the people who win the small amount lottery like 25.000-45.000 dollars I have never seen anyone of them going broke for the simple fact that they buy max 1-10 tickets while for the huge lottery which can go up to 700.000 dollars depending on sales I have seen many people claiming that they will do this and that and in fact they all lost it in different casinos,these people most of the time go broke because of not having that healthy mindset.So in the end it depends on the healthy mindset but also on the won amount.
Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.
Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.
Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.
Sad but true, I mean if you win the lottery, maybe the first thing to do is to buy stuff, like cars, houses and other material things. And you could give some to your friends and relatives too. So they didn't think of their future, but instead becoming like what we call one day millionaire.
And as years past by, they continue to live exorbitant and there will be a time that they will realized that all the winning money is gone and all those friends and relatives that the winner gave money is not going to help them.
If someone think a gambler can save earnings from gambling, their mindset are unhealthy.
You wouldn't earn money through gambling, the chance of hit the jackpot is really small and you might hit it after you spend a big amount money than you get. Any game has a house edge and you will lose in the long run. A gambler can become rich because of his monthly salary from working, not gambling, they only use small amount money for gambling.
You wouldn't earn money through gambling, the chance of hit the jackpot is really small and you might hit it after you spend a big amount money than you get. Any game has a house edge and you will lose in the long run. A gambler can become rich because of his monthly salary from working, not gambling, they only use small amount money for gambling.
I agree! When it comes to gambling, I'd say it's a healthy mindset is a mindset that allows you to enjoy the game. It is not a mindset that thinks you can make money from gambling, but rather one that enables you to enjoy the experience of playing.
I found an article, there were 23 lottery winners with millions of dollars, but his life became tragic in a few years.
Sources: https://www.gobankingrates.com/net-worth/bankruptcy/lottery-winners-who-lost-millions/
From what I read indeed they live increasingly crazy after winning millions of dollars they do not think of a healthy pattern let alone to invest, but more concerned with their own satisfaction by buying luxury goods in order to meet the needs of his prestige, in the end their lives become homeless and money from millions of dollars was exhausted in a few years, cases like this may be a lot.
It is still difficult to maintain wealth from gambling, I know not all the same but at the end of his They are trapped in the ugliness of his life.
Sources: https://www.gobankingrates.com/net-worth/bankruptcy/lottery-winners-who-lost-millions/
From what I read indeed they live increasingly crazy after winning millions of dollars they do not think of a healthy pattern let alone to invest, but more concerned with their own satisfaction by buying luxury goods in order to meet the needs of his prestige, in the end their lives become homeless and money from millions of dollars was exhausted in a few years, cases like this may be a lot.
It is still difficult to maintain wealth from gambling, I know not all the same but at the end of his They are trapped in the ugliness of his life.
Gambling requires a healthy mentality and effective money management. Gambling winners can struggle to withdraw and keep their riches, which can be attributed to psychological and behavioural issues. However, it is crucial to understand that the results of gambling depend heavily on luck and probabilities.
Long-term success can be aided by having a strong mindset, the capacity to restrain one's emotions, and sound financial management, but it's crucial to know that gambling involves hazards. Even with a sound outlook and sound money management techniques, it is always possible to lose money.
Long-term success can be aided by having a strong mindset, the capacity to restrain one's emotions, and sound financial management, but it's crucial to know that gambling involves hazards. Even with a sound outlook and sound money management techniques, it is always possible to lose money.
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