Topic: How to manage gambling winnings - page 4. (Read 2244 times)

Easy to say but if you are already on such condition or situation then you would definitely be ashamed on the condition that you are into.When you do win up on gambling then it would really be just that depending on you whether you would really be securing your profits into something which is worth. I do agree that when the time comes that you are really that mindful about having some other source of income then you would be thinking on having those investment kind of spending with those winnings but just like on what most people been saying on here on which i do agree that majority of those gamblers would really be
using back those winnings into the house and aiming for more. One of the main reasons on why gambling industry is really that profitable due into this kind of behavior.

In this case, I there agrees with you and disagrees you need to know that when you win, it means luck is on your side and it is like a windfall that God gives you through gambling. Even though God may don't like the behavior of gamblers, it doesn't rule out the possibility that the luck is from the creator, it doesn't matter if you don't share it. to anyone. But if I win, I always remember the people under me so I might go sharing the good fortune that I have earned, regardless of the money I get from gambling, because sharing with people who live on the streets will open up good fortune for us.

However, I also agree with you that it is enough for a partner or family to know that the neighbors don't need to know if we win at gambling because that will trigger people to borrow money, but that doesn't mean that when we are given good fortune, we close our eyes to people who are in trouble sharing doesn't need to wait rich apart from that, you can also manage your winnings wisely and not go on a spree.

We can tell our parents or family members who are close to us about the problems we face so they can start helping and finding solutions for us. We have to open ourselves up to accept their presence and start telling them about our problems so that it won't make it difficult for them to find a solution. If we can't open up, it will be difficult for them to know the real situation that is happening to us so it will also be difficult for them to find a solution. But to talk about our win, we should also not tell people we don't know closely because we don't know what will happen, and we should only tell our win to the people closest to us and celebrate it with them. But we also don't need to tell them about our winnings in gambling, especially if later there is a misunderstanding of our story and we just invite them to have fun without telling them about our winnings. By telling people close to us about our moments of win, we will avoid people who want evil or unkind intentions towards us so that we don't have to think about it.

That because they don't think that getting certain amount of money is hard work and not easy.
Most gamblers underestimate things like this, but it shame that when they lose more than they expected, they feel disappointed.
They think that after winning they will be able to win bigger and they think that betting more by increasing the bet is chance for bigger win, but this is an ambiguous thought and everything cannot be according to expectations.
Gamblers do not have awareness and definite steps in protecting themselves, so many mistakes occur and result in problems that are difficult to solve or can be accepted well.

Every gambler should have management that has been planned, instead of doing useless things just for the sake of an achievement that is very impossible to get, they are not satisfied with the existing winnings and risk all the winnings to get bigger one.
Hahaha, this is an attitude that really brings gamblers close to regret and they will become gamblers who just waste money without having the opportunity to enjoy it.

You're correct, managing your gambling winnings is very important, it's how you manage your winnings that determine if you'll be poor or comfortable, if you can't manage you winning you'll always return back to gambling anytime you need money but if you manage the profits that you got from past gambling, you won't need to gamble when you need money. Managing gambling winnings can be done through investment and the investment will make your profits to keep increasing.

I always gamble with cryptocurrency therefore when I want to withdraw my winnings I withdraw them through cryptocurrency too and I trade those cryptocurrency or hold them to make more profits. When you're winning regularly from gambling, you have to keep some money and not finish all your winnings hoping that you can win more games. Gambling isn't reliable and won't be giving your profits everytime.

Yep, good thinking, friend, stopping for a moment when we are not sure about the results and strategies that we will get and doing it is the right step so as not to experience many losses in gambling and good self-control balanced with a positive mindset will be very useful in the future In making decisions and policies, if we have won, of course we think about using the money we have in savings, that is the right step and not chasing losses in order to get back the money we lost, just accept the results we get from gambling.

Self-control, in my understanding, pertains to managing the extent to which you engage in gambling. It's essential to recognize that excessive gambling can have detrimental effects, both financially and psychologically. Therefore, it's crucial to exercise restraint and moderation in gambling activities.

One aspect of self-control is regulating the frequency and intensity of gambling. Continuously gambling or persisting in gambling when it's not yielding positive results can lead to significant losses. It's essential to have the discipline to limit the time and resources allocated to gambling.

Self-control involves making prudent decisions about the type of gambling games to participate in. Not all games offer the same odds or level of risk. It's important to choose games wisely and avoid reckless gambling practices.

For example, it's unwise of you to gamble with your last penny or essential funds. Gambling with money that is needed for necessities or obligations can lead to financial distress if losses occur. Also, using borrowed money for gambling is highly discouraged by me, as it can result in debt and financial instability.

I appreciate your reply on investing the profits from gambling into more sustainable businesses rather than solely relying on gambling as a source of income, you can explore opportunities to invest your earnings in tangible and lucrative businesses. This approach can help reduce the risks associated with gambling and provide long-term financial stability.

While gambling may offer occasional wins, it's not a reliable or sustainable means of making a living. By exercising self-control and channeling profits into prudent investments or businesses, you can safeguard your financial well-being and achieve more stable returns over time.

For some, winning comes very easily, but this is just an illusion of it. These players have not experienced that real pain like many who cannot win for years and who are very unlucky. So what happens then is that the winners spend this money like dust, without thinking about tomorrow. I would have thoughts about how to make cash flow in business or other interesting and useful business, so that I would no longer have to completely depend on luck. I think these are the right thoughts, but people are all different and some only think about how to live for their own pleasure without thinking about anything. Who knows, there's probably some meaning here too. Having made conclusions, you probably need to combine an increase in cash flow and a life of pleasure. This is definitely the perfect blend for me.

So many people cannot manage themselves or the things in their care,  now how will they be able to manage what belongs to them, just as we expect them to be able to manage their winnings when they lack the capacity for doing that, it is very important that we learn to developed ourselves into something tangible that we could also be ever grateful for when we disciplined ourselves, gambling must be done with utmost caution, if we didn't plan well on how to utilize the winning, it will later appears as if we never had any.

Another reason why being able to analyze and evaluate the real odds and risks in gambling can assist you in making informed choices and reduce the likelihood of losing a large amount of money.

One of the most important things to remember when engaging in gambling is to avoid strategic plans and making yourself bet more after an unsuccessful round; it’s not good for your financial and mental health. But always bear in mind that gambling should be played wisely and with the understanding that losing is part of the gambling experience.


It is true that when it comes to gambling, luck plays a significant role in determining the outcome of the game. thus, a gambler cannot win all their bets. Even when you stake a big amount of money, there is no assurance that you will walk away with a large sum of money. In other words, one can win huge amounts but also lose equivalent amounts. An important factor in keeping gambling under control is being aware of the actual nature of these opportunities and risks. In case you are lucky enough to win a bet, it is suggested to cash out your winnings and not fall into an endless cycle of hoping to win more through continuous gambling.

Recognizing that fortune plays a vital role in gambling can save you from being haunted by emotions and making hasty decisions once you succeed. Continuing to bet after winning may be quite perilous since it stirs up emotions and an urge to win back what has been lost, which might eventually lead to even larger losses.

Control is the key but this is where most people do really fail on doing so specially on the time that they are neither on winning or losing state. When they are losing then stopping and dont chase up
loses is something the key point on here but majority do failed up on following on this one, same goes when you are on winning state on which on the time that you would really be finding
on gaining but ending up on losing it again back into the house then its not worth. This is where self control should really be kicking in on the time that you would really be securing those wins
on buying up something tangible or something that you can hold or something that you could benefit with specially if the amount is significant but lets focus on something small
then buying up something isnt really that a bad idea i should say.

Well, it's true that we should not tell everyone that we have been earning that much amount of money through gambling or by any other means but that is just one thing and there are a number of reasons for this but this is not what is meant by the "Managing the gambling winnings".

I guess, managing the gaming winnings means that the gambler is able to secure his winnings and able to withdraw the winning and use it for non-gambling purposes. Most of the gamblers will just keep on playing with the winnings amount and will lose everything, thus not enjoying the winnings.

If only we know that how much percentage of gambling winning, we would be playing with and how much percentage of gambling winning we would be taking out of gambling, these calculations would help us a lot in securing our profits.

Not only security, but simplicity. In a society when everyone's bragging about their gains, isn't playing the underdog thrilling? I wonder: does constant underestimate not fatigue you? I see it as a double-edged sword. It keeps gold-diggers away, but I sometimes feel like I'm not being myself. Even in informal betting or financial chats, judicious sharing is an art.

I support "fun gambling" with information and money. Keep your cards near and bluff occasionally in this clever strategy. The actual talent is knowing when to release enough riches to make the game exciting, not just hiding it.

Gambling responsibly and with self-control is very important before deciding to start gambling because these two important aspects can help us avoid the evils of gambling if we gamble excessively and not only that, gambling with good self-control can help a person gamblers must manage their finances well, for example, if luck is not on their side, of course we have the decision to end the gambling session and if we get a win, we will definitely decide to stop betting without expecting an even bigger win.

From what you have said and what I have said, this really really helps gamblers to be safe when gambling or if they don't have good self-control, there are always signs of addiction that we are not aware of.

I mean that is a great strategy for sure keeping a small portion for sure is going to be great in the long run creating small interest as well could pay off through the years of investing. It is just like saving a portion of percentage of your salary and putting it investing it in Bitcoin or cryptocurrency so that it might make some profit or interest in the future.

But I just couldn't keep up, well congratulations if that is what you're doing to keep on making money on gambling, but I just can't imagine how you can keep up winning even though you could average it per year, for sure there might be some year where you actually lose some on your investment right? Or are you just great at gambling that you could keep up and keep on winning? Considering the tax it might be difficult to make some profit overall if you're not actually lucky, It is probably possible but there are only a few who are able to make a living on gambling, and huge loses as well could easily make you break.

Like you rightly said, self control is actually very vital whenever we are gambling as it'll help us not to take any decision that we might just regret later when we are done with our gambling activities.
When a gambler lacks self control and wins big in gambling, he might not wisely put his winnings to good use which will make him to regret his actions later. So when a gambler wins, he's expected to invest his winnings into something meaningful that'll financially back him up whenever he needs money instead of lavishing his winnings by making excess merry.

Self-control is actually very important before playing gambling because we can control ourselves when we lose and are not reckless in making a deposit just to recover from our losses and yes, it is true that it is important to use a positive and healthy mindset because we can try to control ourselves properly when we win. withdraw money then leave and when we lose we don't really chase it or try to recover it, after all when playing gambling, besides having to be ready to win, you also have to be ready to lose at gambling.

This really has to be instilled in our mindset where gambling doesn't always give us a win, sometimes we are not always lucky and get a win so in the end we have to accept every loss we get, that's how to understand gambling because gambling isn't just about winning. but also defeat too, people sometimes never understand how to control themselves like that, so many of them end up addicted to gambling. different for those gamblers who can control themselves when gambling.

Think about making a pause and try to reset everything. If you feel that you are getting too deep, and you see that you are almost in the position where you can't control your emotions, better to stop and quit before you, gone deeply and unable to escape from becoming addicted, I agree with your statement regarding to proper understanding as it will allow us to keep in the safe side and not to fall into any possibility that you'll become addicted.

Controlling yourself and keep that positive mindset where if you win then quit with the money, if you lose, move forward and forget about adding more deposit to recover as quick as possible, luck is not always beside you, most of the time your aggressions made you lose more than what you can afford.

The gamblers who had bad friends who get jealous on their victory,they should avoid of sharing to those people.Because they will not happy on their victory,instead share to the friend who was with you in your hard times.All the gamblers get the hardest situation when they had loss the funds in the gambling site,the gambling loss is not the repeated one.But it was the alternative one.Some people will give loan money to balance the loss in the gambling site.So don’t forgot those people who help at the hardest time.If possible help your friends after you had earned huge money at the time of gambling luck.Every gambler get the luck in the gambling site.

Good and accurate understanding will lead us on a good path. In gambling, good understanding will be very useful for us so that we don't gamble continuously and prevent us from becoming addicted to gambling. It is true that if we are experiencing difficulties regarding the finances we use in gambling, we should immediately think logically and correctly that gambling is not a place to make money, and immediately think about getting out of there.