Topic: How to manage gambling winnings (Read 2336 times)

It sounds like You are good at gambling and it's a good move to saving your winning money in bank and enjoying such APY. Although i never thought about saving gambling winnings that way cause gambling is so challenging. There's no surety that i will be in profit for long time. I would be in lose too. Besides I don't use to bet that much. My gambling amounts are always loward what I can effort to lose I don't gamble for earn money rather for entertainment. So this theory isn't suitable for everyone but might be suitable with gamblers like you who consider gambling seriously and good at it. But i like this concept. Its better to save money thus way instead of multiplication

That's right, I agree with you, indeed everything that involves money or profit can certainly lead to greed, because everyone of course wants money and big profits. It is true that humans definitely want more things, especially with money, because money is an important thing in life, therefore everyone will definitely become greedy if they are struggling with profit or money. managing money or winnings obtained in gambling is not easy, only a few people can manage it well, many gamblers who get their winnings do not cash it out because as you said. In anything that involves money, greed may arise.

It is clear that the temptation that exists in gambling is so strong that many gamblers have won but they still continue gambling because they still want to get a bigger win. With the reality in gambling about the chances of winning and losing, there is a greater chance of losing, so if they continue gambling when they have already won, it will most likely only end in defeat, so they will clearly experience regret. Sometimes winning at gambling lulls us into continuing to gamble until we lose control of ourselves, but what you definitely have to do when you win is to cash it in and be able to see and be aware of the obvious losses that can occur at any time.

I think that is the reason why we as people can do something and learn that when we are in a year and we win, we should not hesitate to withdraw our money , why? because we Need to feel it , if we are in a physical casino, there is no Problem, the money is immediate, we are not going to leave it there, we have to have it in Our hand s, Otherwise things can be different in an online casino, if we have it a profit of at least 300usd, and we get it, what remains is to spend it, it doesn't matter that you don't continue playing anymore, that has to be Earned, you have to have that money and it's a day to spend money, if we start to leave the Money in the casino sooner or later we will spend it, and this is a strategy that I did not learn playing or in any casino, this strategy of mine comes from my experience in trading, doing trading which only in this Particular situation is analogous, and is You can say that I apply it to gambling when there are Profits.

This is something that we have to study and see if it is appropriate, but I do not see that it is convenient for Andie to have money in his hands, that is something that I see well, saying no to money in hand is not correct.

For those who have won and will withdraw money and do not want to withdraw everything because they want to continue playing, they are somewhat greedy, if they can do it but at least I recommend withdrawing 75% of what they have won so that they can enjoy that money equally, the other 25% can be put to continue playing, it is something that is already the responsibility of that person if they win it or not, although I recommend that they not leave 25% but 15% to continue playing and get that idea out of their head, because the casinos They are like that , always under any circumstances they will have the house Advantage.

In everything that involves money then greed could possibly come out and since we are just humans then we will really be having that chance to make those impulsive actions
due to that intent that we do really need up more and since we do make money with gambling then we would be proceeding and continue on what we are doing.
When we are on a winning position then quitting or stopping midway is never or unlikely to be on the minds of most gamblers and this is why they do have those later regrets when they have
lost it all when they have decided to play even more because of those beliefs. This is why you should really be that realistic on whatever things that you do have in mind in regarding about gambling.

It is clear that the possibility will occur, if greed has controlled itself, everything will become messy where thoughts that only think about winning will encourage us to continue gambling. Of course, when you get a win, it's not easy to stop and withdraw the winnings, because with that, of course, the temptation will be even stronger, especially if greed has taken over, it can eliminate the winnings that have been obtained. Cashing out the winnings is not easy to turn the palm of the hand, because only a few people can do it.

But in my opinion, clearly the best choice from getting a win is to cash it in, there is no other best choice besides that, because of course the winnings that have been obtained must be managed as well as possible. although the victory cannot cover all the defeats that have occurred, there is nothing wrong with managing the winnings that have been obtained properly. It's true what you say, when you get a win there will be an urge to bet more like increasing the amount of the bet, but that is certainly a big risk, including being able to eliminate the winnings that have been obtained.

Yes but maybe we can only hope because there is no way we can force  the people around us to fully care about the things we do, but on the other hand we can do it to others, or that means we can advise or give some advice to people we know who are also gamblers by suggesting what you said which is telling them to cash  out rather than applying greed when they do win, Because on the other hand there is no other way than cashing out when you get a win because it is possible when you go further for something  bigger that the results are not suitable or lose.

So the point remains that you need to have a proper understanding of  gambling if you want to know when to continue and when to stop, with this kind of management  then I think you will really be able to enjoy real gambling where you can enjoy some of the winnings when you are lucky and you can also put some others to gamble in the next session, and on the other hand it is good advice to divert money from gambling winnings to other things that really have the potential  to grow the amount and value of your money such as the investment you suggested, this is a wise choice..

Yeah, it's indeed hard to suppress but if we want to be responsible gamblers with a great level and have good self-control, we must always try to master that skills so that we don't have intention to playing gambling after we won. We know that we will difficult to win more money after the last winning so we decide to stop gambling and cashout the money before our greediness become bigger.

It's enough if we can win from gambling because not many people can win like us. We need to limit our gambling activity to avoid many problems that may occur. We can use the money for many things include to buy foods to celebrate it with our friends or family and saving it for our future. We should grateful that we can win the gambling games while other people still hard to win.

If we are surrounded by people that truly love and care about us, the moment we make a wining that is high, what they should do is in advising us on how we can maintain and manage up the wining for our future sustainability and not how we are going to spend the money for our own personal use together with them all, and for the sake of the married among gamblers, their partner could give the very best idea in what they could invest with and have the money tied down on something profitable.

If greed dominate inside you, the only thing that you mind is to conitnue winning, thinking that the same outcome will be on its way to provide more money to your wallet, Understanding luck and wisely using it is something that really hard to do when you are already drunk with winning, lut and desire is always present when you are in the winning streak, but sooner or later when you start losing aggression will push you to bet more and you'll soon lose more.


True, it's not from your pocket but you can use those amount in another potential investment instead of bringing it back and lose it inside gambling, though it's really depends from how a gambler take his decision when he has his chance to take the money out and use it for enjoyment or investment.

We ought to have a life outside gambling because there's no way this will help us, rather it will aides in draining us. We gamble because we have targets to win but in our pursuits for winnings, we should also use our head and ensure we don't get entrapped to losing steaks. Considering the amount of money for gambling, none of these figures should be consider small because gambling is risky and not easy, so when we're finally stack in profits, we become free and desperate for more, that shouldn't be the main problem we faced.

You would really be mainly thinking that what if you would really be continuing to play? You would really be getting more winnings. If these questions do pop out into your mind on the time that you do gamble then this do really indicates that you are a greedy person or gambler. If you aren't then you would be having those second thoughts on calling it a day whether you would really be making use of those winning amounts into other means like buying gadgets or simply that would be beneficial for you or simply having some other day budget for gambling again but at least you arent
that making use of your own money for you to gamble. Yes, it might fall on the same story on spending it again on gambling but the amount had been put up isnt came from your own pocket
which means that it is really that avoiding you on spending up tons.

“What you did was very wise, which certainly cannot be done by everyone involved in gambling.”

With the big wins in gambling that we did, this succeeded in making us more confident to continue playing, because we thought that luck was on our side, this feeling was able to convince us that we would get bigger wins than before. Until in the end we place a bet again with a higher amount, which in the end instead of getting a bigger win, the bet actually uses up the winnings we got previously. We really wasted that opportunity.
That's when talking about victory, when talking about defeat, the defeats we experience often make us feel a little disappointed with the final result, which sometimes this feeling of disappointment can make us a little emotional in the end. We bet again with the hope that in the next betting session we will get a win that can replace the previous loss. However, instead of winning, this actually deepens the losses we experience. And this almost happens to every gambler, whereas if we talk about wise and responsible gambling, it is a gambler who is able to manage the winnings he obtains well, and can prevent large losses.

It's hard to suppress that desire and urge to gamble with the money that you've won in gambling and this is the reason why most gamblers aren't able to do it. Some gamblers can barely spare a buck from what they manage to win no matter how much money it is because they lack self-control and always give up against the urge to gamble.

So, only responsible gamblers with a great level of patience and self-control can be able to use their gambling winnings to do something useful for themselves so that they can benefit from it in the future. As you said, the best way to use the money is to make investments or start a small business if the money is enough for that.

You have a good point but that means when you actually caught the bird . However when you start winning you don't allow it to get into your head so you don't end up losing everything at ones. Most atimes we let the happiness of winning let us gamble more thinking we are going to win. Moreover, you have a point at when you start saying you use small money to stake, that's actually true but many are looking for a way to hit it big so some still don't care when care and want to make the winning big at ones. But gamble safe are good.

That is if you are also playing everyday and if so, I am sure you won't win every single day because no gambling house will survive on that. If you can't won even just a few cents, then how much more whole dollars? Winning always starts with it.

If we keep our money close to us, there is a tendency that we will use it, so it's also a good idea to keep it away from our reach and it can be from someone's pocket or the banks but as long as they are trusted and offers insurances once something bad happens. Not all casino supports cheap coins but it does not mean that they are now ugly anymore and vice versa, so fees or supported currencies are not all.

Yes that's right buddy, I think it's a fact that even though we always advise the do's and don'ts of gambling but sometimes we ourselves are also fooled and like being hypocrites because we ourselves also do it , but on the other hand I think it's still reasonable because after all it's a difficult thing to be really consistent in doing the things that are suggested because gambling is an activity that involves our feelings, or I mean you are very likely to lose a little awareness because of the many temptations in gambling so you can sometimes make mistakes like that.

But the point here is, "at least we have reminded each other" because it does help, it doesn't matter if we can't be the best but it is possible that people who hear the advice will experience significant changes thanks to the advice we give. On the other hand you have complete freedom over whatever you want to decide, and if indeed after knowing this you want to make a change especially for the better by being someone who comes only for entertainment then obviously this is the best for you and is indeed the recommended approach to gambling.

The TAKE SOME PROFIT OFF THE TABLE approach can really save a gambler a lot. I'm gambling, there's a concept called THE GAMBLER'S RUIN. which states that if you keep risking your entire stake on each bet, you stand a chance to loose all your funds. So by taking some money off the table, you're protecting your wins against this eventuality and also ensuring that you'll always have something to fall back on just incase things take a wild turn.

There's a claim that THE GAMBLER'S RUIN concept isn't just a theory, that it's already been proven mathematically, but it's fascinating to think about how it plays out in the real world. A lot of gambler's have fallen victim to LOSS CHASING. They keep betting more and more, the more they bet the higher they increase their stakes which is likely to lead to more losses. This has led many gamblers to ruin and even kept them in debt.

If you caught the bird of luck by the tail, and you managed to win, do not run and spend the entire amount at once or go straight to the casino. It is necessary to take a break, soberly weigh the situation, and you can continue to play, using a small percentage of the winnings. Be sure to withdraw some of the amount in cash to make sure that you can really win

Even we do already know about the basics but on the  time that we are on such condition then it would really be that so damn hard to follow and this is something that majority of people do really fail on doing so. This is why it would really be best that on the time that you have won significant amount of money then you should really know on how to make use of it ideally. You shouldn't really that be getting blinded with greed because once you do then it would really be that too hard to control and this is something that you should be avoiding. Managing ones self would really be able to save you up on potential or probable problems which it isnt really just that limited on gambling but also in other things in life on which it is really needing up that good decisions for you to be able to benefit
or something that could stop you from potential huge problem.

It's really hard to follow those suggestions though, even if we know it already, but if we are into gambling and winning, it's really hard to quit. Of course, it might take a while before we really learn this by heart, and make the timely decision to quit while we are winning. Just like today, I already won some money, some part of me says to continue, but I just decided to stop and withdraw the money. Just just withdraw from online platform, but really put it in your bank and then have my ATM ready and go to the nearest to withdraw it. So that I won't be able to make a comeback and deposit and most likely I might lose this time. I'm happy that I did make the right decision this time.