Topic: How to manage gambling winnings - page 5. (Read 2315 times)

Definitely, we should never talk about our wins and losses to others because talking about it may cause different problems. In particular, in case of possible high winnings, we should never tell or show this to anyone because in such cases we may become the target of malicious people and become prey. This is true, not only in gambling but also in investing and similar situations as you mentioned. In fact, as you stated this is valid not only for the earnings obtained from gambling or investment but also for a person's assets because knowing others about your assets is also enough to become a prey.

For example, everyone thinks that I can be rich in cryptocurrency because I have been trading in the cryptocurrency markets since 2012 but no one can confirm this since no one has seen the balance in my wallets and I have never shown it to anyone. So, no one including my family knows whether I am a real millionaire or whether I have the same financial assets as I do in my daily life because I don't earn any profits just by following cryptocurrencies.

It is normal for us to complain often because it is human nature. And we also don't need to complain to anyone about what we are facing even though we feel it is difficult because we need a place to talk about our problems. But when it comes to getting winnings from gambling, we have to be able to manage it well and don't need to share it with people we don't know well. And even though they are people we know, we must be more selective in sharing our winning moments.

And we should only share our winning moments with our partners or parents because they are the ones who accompany us all the time. Outside of those people, we don't need to share it with them because we don't know what they will do to us. Maybe some people will approach us because they know we won a lot of money, so they want to ask for a little money, among other reasons.

True, hiding or keeping the victory a secret from others one of which may be a friend is an option, I must advise you to ask yourself about whether if you tell them about the victory you managed to get you will really be sincere to share that victory with others? If not and your intention is nothing more than just bragging about the winnings you managed to get then obviously the choice is better not to tell anyone, because as we know that according to some people asking or claiming other people's winnings especially some friends who are lucky is a tradition in gambling and therefore when you are not willing to share it better keep it a secret because obviously in the end it can be a problem in a friendship relationship, And also like you said that sometimes we like to complain about running out of money so it's better to manage and keep the winnings to yourself but when it comes to the closest people in your life like your family or partner then I think it's a choice and it's fine if you tell them.

When it comes on winning some money or earning it on various sources on which if its big or even small then it would be better that you shouldnt really be telling about money.
You arent really that making yourself that being swarmed with those people around but also you are really that putting up yourself at risks when it comes to this.
This is why it would really be that best that you should really have those kind of limitation when it comes on letting someone know about these things.

Gambling wins could neither be spend out or would be used in means of investment on which this is something that will really be that depending on a certain
person on which not all would really be that having that kind of approach when it comes into their winnings. This is why it would be best that
you should really be mindful about investing on which adding up the income source.

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.

I have always found this issue of taxes on gambling to be quite controversial... as the government already collects a lot of money from casinos and betting sites that could be used to provide more benefits for players and this is a tax that entrepreneurs pay in any situation. , both when the player wins and also when he loses.
So wouldn't the player having to pay taxes again on profits be a double tax?

Anyway, disregarding this doubt about what is "legal" or not in the collection, I found your responsibility for paying taxes very interesting too, many people certainly don't do this because they don't even know how to do it.
Generally in lottery winnings the tax is automatically deducted from the final prize, but in casinos it is not... this responsibility lies with the player/client

Since my time of experiencing gambling I don't think that there is a method of that you can use that is obvious to escape loss in gambling or to continue a gambling within your own experience or your own strategies basically you and I knows that gambling is all about opportunity and when the opportunity come then you win the gambling without any strategic way but when the opportunity is not by your side you lose gambling so this is what I know concerning gambling because many people who is into gambling and they said that they have much experience and gambling they always lose in gambling but they don't share their experiences of loss to any other person so what I'm trying to say in summary is that there is no strategic way to ignore loss in gambling because it is something of luck

Expect that you would be flooded out with those so called  friends on which you dont even expect that they would really be having those approach on you on which it would really be just that
normal thing that there's someone who would really be pretending about congratulating you or saying some sweet words just for them to get some bonus or something such as this
on which its not something new anymore into those kind of people.This is why it would really be always ideal that you should really be that prepared if ever you do make those
nasty wins but of course it wont really be something that you would really be that not minding since we know that winning huge in gambling is really that close to impossible.

Avoid friends without benefits, someone who only shows up when they know that they'll be getting benefits from you, it's a must to put yourself in a reality of life, that kind of luck will not always be there so having those kinds of prevention is really needed,  though we mostly getting excited and it us who broadcast the win, people or those who so-called friends will arrive and will try to ask either a lend or they will for some money from you.

Better to start investing while you still have decent amount from your winnings, think ahead of time and look forward to a much better stand in terms of financial aspects.

If you're ever privileged to have the opportunity of making high win in gambling, then try as much as possible to maintain this safety practice for yourself.

1. Avoid public announcement of your winnings.
2. Avoid friends without benefits to you in anyway.
3. Invest with your money and make business.
4. Avoid gambling or reduce the rate at which you do it for the main time.

In my opinion, even experienced gamblers, if they don't have luck, can't win at gambling, but what I see is that I usually see novice gamblers win, but with that, they become convinced that gambling can give them a definite win. but in reality it actually traps them themselves. So it's not surprising that many beginners gamble again after winning, because they were lulled by the initial win they got.

because indeed gambling will attract them to continue gambling, with the winnings that the casino gives to gamblers it can make them forget themselves, where they can be sure to continue gambling, even though gambling will not always give them a win. However, if they believe in gambling it will generate profits for the gambling company itself, and indeed that is the goal of the gambling company, to make many people confident in gambling but even so the company does not force gamblers to gamble.

I simply do not buy your idea, my friend, it seems that you are giving all the kudos of gambling winnings to luck. But you are so wrong. Luck might be part of gambling indeed, but to be factual, it is merely an expression, though I am fine with it. But believing that you must be lucky all the time before you win, then you are still not ready for gambling. Many aspects of gambling might need luck truly, but many other aspects of gambling rather need your expertise and management and not luck. If you are good at what you know and do, you will certainly make the money and will also be making it consistently. Many sports betters have always talked about the good side of it, they are making their money consistently and I must say that I am not taking the backseat in this regard as well.

So, as long as you know how to work things through with it and do not believe that one certain term called luck will be your saviour all the time, then it is highly likely that you will be successful via it. You need to know how to select the right teams, and also at the right time. You will do this through a whole lot of analytical means of sports, and by this, you will often know the team that will win mostly, which is so easy for me. Also, there are some aspects of the lotto as well to buttress this, for instance, that mathematical calculation will tell you the result (expertise). I've witnessed this many times where people win based on their calculations and expertise, but not luck. However, if you continue to rely on luck rather than know-how, you will continue to suffer in gambling.

True, luck is something that can never be predicted when it will come and when it will go, while winning always depends on this and this is the reason why we should not overdo it in gambling because what is worried is when you are away from luck which in the end is clear instead of getting the expected victory but the opposite happens, you suffer a lot of losses, I am not saying that you will not win because there will be times when you are lucky and win but it is better as you said that we should be more patient and also gamble by only putting small amounts because in the end you can also win like everyone else.

The more important point is to have the right understanding about gambling, and with the right understanding then I am sure you will not make gambling as a place to earn because you know that the possibility of risk is much greater while on the other hand your winnings always depend on how lucky you are when running a session, so if you really feel that you are experiencing financial problems after you get involved in gambling then I think you have to correct your understanding along with changing your approach to gambling.

Of course, the luck of all of us gamblers will never know when we will get it, whether we are professional gamblers or experienced gamblers, it is very likely that they will be far from winning, even for gamblers who are still beginners. he's only played two or three times, maybe he can get that win.
If your luck in gambling is not optimal then be patient, maybe one day you will get it.

Yes, of course, if gamblers are not equipped with a good understanding of gambling, they will easily be tempted by the atmosphere of the gambling place. This is very difficult to stop because gamblers do not realize that it is a trick to attract gamblers to gamble continuously until the money they have runs out.

Yes and a calm mood along with a relaxed feeling can only be obtained when you gamble without putting any hopes and expectations on winning, because obviously on the other hand if you put your hopes then the game that runs will be very stressful in the sense that you will feel really worried about losing, on the other hand you have said some things that are likely to be felt by gamblers when they come with the intention of earning and that is true when in the end they lose then we can be sure that some out of control actions will of course be taken as a result of the emotions that dominate. And this is the importance of being a responsible gambler, because with the responsibility you have it will be able to make you more relaxed because you are able to accept whatever the results at the end of the session are especially ready to lose, because with this then I think it is less likely for you to do things that are prohibited or not recommended, and one thing I want to say that the number of attempts made by gambling addicts will actually only make them end up with a lot of significant regrets.

I agree with you, winning at gambling is only achieved by people who really have luck in gambling, even though there are people who try as hard as they can to gamble with the aim of winning, but if they don't have luck then it will all be in vain. in vain, this has been proven and I have felt it myself, where I have been gambling for a long time but have never won a big win, but with my own brother who doesn't know anything about gambling, he got a big win just by gambling once, this makes me believe that winning at gambling is just based on luck.

In my opinion, the magnitude of the temptation that gambling has is strong because I feel it myself, but with good thinking and being able to see the bad sides and impacts of gambling, I can finally restrain myself from gambling excessively. I am sure that only a few people can manage their winnings well, many gamblers still waste the winnings they have obtained, because they have been lulled by the large multipliers with their winnings.

with the fact that the chance of losing is greater than winning, it is likely that we will lose more often in gambling, betting with small or large capital in my opinion is the same as there is no guarantee that we will be able to get a really big win, because big wins can only be obtained by Those who just have luck, no matter how small the bet they make, if they have luck, it can result in a win. and conversely, no matter how big a bet you make, if you don't have luck, it will be difficult to win at gambling.

In my opinion, we have to gamble using money that we are willing to lose, so that the possibility of losing is definitely acceptable. In my opinion, many gamblers experience big losses because they cannot accept the fact that there is no luck on their side, but they still continue to gamble because they are sure that there will be a win after many losses, but it is not certain either, so they become frustrated because they never get a win. Even though they have been gambling for a long time or frequently which in the end only puts them at a big loss, if they have self-control they probably won't experience big losses or be frustrated by the losses that occur. I agree with you that gambling will be bad if it is done emotionally, and if it is responded to well then everything will be good

That's right, we must be able to emphasize the luck that we have, if indeed the gambling that has been done does not result in a win then it is better to stop and return to gambling another day, maybe there will be luck on another day. In my opinion, the fault lies in those who are too serious about considering that gambling can give them a definite win so that they are very confident that they can win easily, but in reality it is not that easy to win, because if you are not lucky it will be difficult to win.

Yes, that's right, gambling is a means of entertainment where we have to use money to be able to feel the sensation in it, just like going to a tourist spot where you have to use a ticket or a cinema That makes sense, if there is no risk of loss or loss of the money we use then why not place a large bet,  but in reality the risk is there and cannot be avoided. In my opinion many people find it difficult to withdraw their winnings because they have been lulled by gambling and the winnings they have obtained make them believe they can get back bigger winnings so there are many cases of big losses in gambling If all gamblers could be aware of the risks of gamblings I don't think there would be big losses, but of course everyone's attitudes and thoughts are different.

Yes, that's right, gambling that is done must be done in a relaxed manner and we must also be able to enjoy it even if in the end we lose, but if we really enjoyed the game before then it won't be a problem, because I think most gamblers gamble using small amounts of money. To bet, of course you want to win, so it automatically makes each round tense, especially with large bets. Therefore, before gambling, we must first be able to understand gambling well, respond to gambling correctly, so that nothing happens that triggers resentment, annoyance or frustration.

Indeed, this is the habit that occurs most often, even though they have won a big win, they still continue gambling because they still want to get a bigger win, with the win that they have obtained, it makes them lose control because their thoughts also encourage them to win bigger, even though with winnings that are difficult to obtain, you should be able to realize that when you win, the best option is to cash it out or withdraw it, then leave the casino to enjoy the winnings you have obtained. Even though continuing gambling after winning is everyone's right, at least close friends will certainly be annoyed if they see actions like this, unless they both have thoughts about pursuing a bigger win, then their friends will also encourage them to take risky actions. big.

In my opinion, the best way to manage winnings is to withdraw them, because that way we will be able to do many things besides just gambling with the winnings that we have obtained in gambling. It's true that what you said is that everyone has their own way of managing their winnings, but the most important thing when you win at gambling is to cash it in or withdraw it, if you still want to gamble, please withdraw the winnings you have obtained but leave a little to continue gambling again, but even so better is to cash it all out.

It's true what you said, we won't always be able to win with the bets we make. because of course gambling industry companies won't let their gamblers win often, unless they have god-level luck, maybe they can win often, but I doubt that. what happens more often or is obtained is only defeat, not victory. because gambling has a random system and also depends on our own luck which will determine whether we win or not at gambling, but we must remember that luck does not come every time or often, if it comes often it cannot be said to be luck. Therefore, we must be aware of the luck that has given us victory, and must make the best use of the victory that is difficult to obtain.

winning at gambling depends on luck and the amount of winning at gambling also depends on the number of bets we make, the bet is small then the winnings will also be small, gambling with large bets then the winnings can also be large, but what is clear is that if it is You are lucky by getting a win, because whether the bet is big or small, there is no guarantee that you will win for sure. with many gamblers experiencing big losses, this is due to their thinking that they are sure that the gambling they do can give them big wins, but in reality the beliefs and hopes they have tend to only result in losses which can also be large.

with the fact that many people say that winning at gambling is based on luck, it has been proven that the percentage of losing at gambling is large, therefore if you have indeed won at gambling then the thing you have to do is withdraw it, if you do continue gambling again you tend to will trigger emotions and the desire to gamble, which can occur through carelessness, excessive courage, such as being more daring in increasing the amount of the bet but not paying attention to the downside, which also increases, and I think the big chance of continuing gambling after winning is losing. which will trigger us to lose control which could make us deposit more money to gamble because we want to recover the winnings we have lost.

Most gamblers will have difficulty managing their finances and underestimate this problem, and they will use more money to gamble without thinking about losing a lot of money. The important thing is that they can gamble to win without thinking about how much money they use. This mindset is wrong and must be corrected immediately. Otherwise, they will run out of money without recovering their losses. If they can manage their finances well, they will not exceed their limits in gambling and will use enough money to gamble because they think there are still other needs that must be met. They will also be careful about spending money on gambling because it means they may have difficulty meeting their daily needs. Even when they have lost, they will not try to deposit more money, so they will just end the gambling game and immediately leave the casino not to be tempted to continue gambling.

Yes, we should be able to have fun playing gambling. Otherwise, we shouldn't use gambling for fun. Many other things can also be pleasures, so we should not focus on gambling for fun because there is a risk of losing even more money if we exceed the limit.

Confidence in winning is a good motivation, but we have to be able to place or understand it correctly, by not taking it as seriously as you said, but just think of it as our motivation to gamble, as long as it is accompanied by a good self. -controls to fine-tune everything. And gambling is just for fun and entertainment for ourselves when we are confused about what activity to do, moreover in my opinion it is not a problem as long as we don't play too much.


Understanding this will prevent us from being addicted to gambling, because we know that gambling luck is not easy for us to get, but we will often experience many losses, so that if we gamble we will not get anything. really hope to win, there will definitely be a win. defeat and we definitely shouldn't get carried away by the temptation of strategies in gambling.

A good understanding, and you really understand that being able to win in gambling is not an easy thing, unless we are really lucky. And this is an understanding that can help us not gamble too hard by betting continuously to the point of causing large, accumulative losses.

Meanwhile, in a bet, to be able to get a big win, we also have to bet a large bet amount. but instead of us continuing to pursue something that is uncertain. As you said, it would be better if we bet with small bets, or in other words we bet according to our ability to lose that amount of money. And regarding financial management, no matter how big a win we get in gambling, if the winnings are not managed well, then the money will be lost again to gambling or to things that are not important, which have no useful value at all.

And it is quite a wise decision for you to make, namely "leaving gambling after winning". which of course can help us prevent unwanted things and other losses.

Gambling with a little amount of money when our belief are still in doubt and when we are not absolutely convinced is a good approach to gambling as it'll reduce the chances of a gambler from getting addicted to gambling but that's actually not the subject of discussion in this particular topic rather the OP is asking of the best possible means of managing our gambling winnings so that people can actually learn from each other.

That being said, I'll have to drop my humble opinion about the subject matter. I'm not regular in my gambling engagements but whenever I do and happens to win, I'm always very quick to put my winnings in to good use just to avoid using what I get in my winnings to invest in to gambling again.

Some other people have their own way of managing their winnings but because I know that if I fail to invest my winnings into other financial platforms that I won't easily access them ,  I'm surely gonna end up using all of my winnings to gamble again and in most cases, I'll be unable to win whenever I gamble with my winnings.