Topic: How to manage gambling winnings - page 6. (Read 2222 times)

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.

We should be more relaxed and not tense in the game, this is perhaps the main thing that we should feel about the game. Otherwise, if we feel greed, excessive tension, worry and stress, we will definitely commit wrong and illogical actions, which will make us later regret what we did. The most common action here is to continue the game even if we win the jackpot. The player feels greedy and thinks that he is kissed by luck, this is complete nonsense, because luck does not depend on our past successes. A relaxed player will not continue, he will calmly withdraw this winnings and leave with plans to enjoy life. Of course, not being stressed is not so easy, but if we can’t feel like that, then we are not ready to win the jackpot and we don’t deserve it.

Yes and we have to keep telling ourselves that "you can win when you are really lucky" only luck can bring you the results you expect, don't take it too seriously and if you lose then it means you are unlucky. Seriousness in gambling can lead you down the wrong path, so avoid it because after all gambling is nothing more than a place to find a little fun through some thrills you feel from a few spins or something that can help enliven the atmosphere with a little adrenaline in the running game.

Since gambling is an activity that is suggested only for entertainment purposes then obviously isn't putting in a small amount the right approach? Of course, because what we are looking for here is entertainment and not profit, if there was no risk behind gambling then maybe I would put a very large amount for a profit, but the problem is that the victory in gambling is always unpredictable and this is the reason why we should be more concerned with risk management than profit by putting the smallest amount we have, and also another benefit of treating gambling as an entertainment activity is that you will have no difficulty in making the decision to "cash out" when you are really lucky.

Well, I have a very different point of view than everyone else, maybe I am a little more focused on trading and making investments that I like or that have a lot to do with gambling, but this has made me think in a very different way, it is In other words, the more financial education you have, the easier it is to take into consideration the things that can be done, for example when I am in a casino I see and I give a lot of importance to the money that I am willing to lose, there is no other option, it is a transfer I always have to do because I have to do it, and when I decide well what I'm going to do, I execute it and that's it, whether I have profits or not, I always 100% avoid being a person who is affected by the addiction of the game, so the profits as do I handle them? very easy, I have always learned something, through the books of Jesse Liverpiomere, a great market speculator and someone who expressed his insight into how he dealt with money because I learned many things from him.

Primarily a person to do trading, and in this case I am going to apply it to gambling, if I win at gambling what I do is basically stick to the fact that I have to Claim my Profits, and enjoy them, either by traveling or doing something with my family by Spending the money I don't know, doing something, buying toys for my children, whatever, to get the money and spend it, feel the money, it's the easiest way to enjoy our money, there's no problem, but of course according to Liverpmore extracted 50% of what he earned, but since this is galbling, well I recommend taking everything out and enjoying all the money, once the money is spent, then you have to start starting from scratch, not that it is so bad, and that is not to start with a lot of money, with little and gradually contain good capital, even if it is with little profits, but the important thing is to add that up, that is the way that I move my earnings, which are not many buts yes I can say that it works.
?

There are always options in every situation as we all know.
If you are betting small amounts, and is not willing to take that much of the risk then expect nothing less than winning small rewards or not winning at all. On the other hand, you may engage with parlay bets and sides, wherein you could bet small and win big but with higher risks. I tend to engage with parlays since you'll just more likely lose, then why not maximize it using small bets? If you lose then it won't be too frustrating and if you're lucky enough then you'd be rewarded big.

When it comes with quitting, for me if you really find joy with gambling then you don't have to completely quit and run with your profit. Money is money and it will eventually be all consumed. You may consider taking a pause and still continue once you are ready. Gambling is only bad if you will be driven by your emotions but if you manage things well, then it would be still fine doing so.

What you say is true, basically winning is very rare and difficult to get, only lucky people get it, therefore gambling with small bets will prevent us from experiencing big risks when defeat comes and if we win, manage it. our money to be used for useful and useful things. The important thing in our life is good and correct steps.
I agree with you, when you win, it is better to immediately leave the gambling place, so that we are not tempted and attracted again by the tricks in the casino.

Whenever I win big and decides to keep the money without investing somewhere that I won't easily access the money until a stipulated duration, I'll end up losing all the winnings to gambling again and that's why I'm always quick to wisely invest my winnings where I won't easily access it.
That's my way of managing my winnings to avoid future regrets and would advise anyone who gambles to also to same

I like that statement,  it's your money that you are using and they don't have any business about, whether you are playing in a low pace or you are just doing it for killing some time, and like the post above you said, it's not that you don't want to place larger bets but it's being wise to secure your money,  as long as you know your intentions and you are not begging to them to give money, there's no problem if how you feel and how you take your gaming.

More on working on your own and not being bothered by anything, if you  win then stop with the smile, if you lose then move forward and keep the enjoyment with you.

True, even to myself would really be definitely be saying this on which its none others business on how should i be spending up my winnings or with my own money since its mine then
you dont have the rights on telling on what should i gonna do, whether i would be buying up something or would really be spending it all back into the house or casino.
Somewhat i do agree into those points that spending up on something tangible or something that you could hold is something that would really be that considerable too.
There are really just those individuals who are really that mindful when it comes into this aspect but well each person is different when it comes to approach.

Gambling is different, some require using a fairly large budget and some can use a small budget, but whether small or large the budget for gambling is the same, it is clear that defeat dominates, it is rare to win in gambling. but what you say is true, we have to gamble with a small budget, because even with a small budget, there is still a chance of winning, but there is still a chance of losing with the possibility of losing.

In my opinion, there are rarely wins that can be obtained, this is the right reason for managing gambling winnings, many wins are in vain because there are gamblers who win at gambling but they waste their winnings, by continuing gambling and also by increasing the amount of their bet because they are still want to get bigger wins. So that in the end what will most likely happen is defeat and the loss of the victory that has been obtained. In my opinion, when you win at gambling, the best choice is to cash it in and leave gambling to enjoy the win, and if you still want to gamble, it's better to gamble again another day, don't continue gambling when you've won.

Who cares about those haters? I don't give a damn if someone says something about my bet. It's my own money. If you care about my bet, why don't you tip and ask me to place a bet for you? LOL. To be honest, I haven't seen anyone telling that I am placing low amount bets because I do not engage in casino chats.

I guess the new casinos does not want to implement chat for their players for various reasons like spamming, begging etc. I know only few casinos which still allows players to chat while they play.

It will be good if you can discipline yourself to make that a habit because I agree, nothing is certain in gambling. Other gambling sites have a "vault" feature in them. If you want to save some, you could put it there in the meantime and then withdraw it if you feel like it's time or you reach the certain amount where it's decent to withdraw without getting hurt by the transaction fees or have a planned amount where you won't hesitate to withdraw it.
Mine was if I win $40, I'd rather withdraw it than risk it being left on a gambling site where the enemy is my urge that could make me gamble it again.

It's nice to have this kind of plan. We need it. I think that is one of the characteristics of being a responsible gambler. If we know when to stop and enjoy the profits then we are still good. We ain't gambling addicts or whatever they call it now. It's all just mental, somehow we got to have a strong mentality about when to stop and when to continue.

If you can manage everything, but most gamblers don't have financial management and can't manage everything when they win or even lose.
Average gambler fails in managing or managing every decision taken regarding financial sustainability in gambling, they will use winning money to increase the number of bets and deposit money when they lose.
This is almost the same context because everything will be related to how to manage and organize finances well, but on the other hand what they do is surprising because they only do whatever it is based on excessive ambition.
We can find many gamblers with this kind of attitude anywhere and at any age.

Have fun, this is mindset and approach in gambling that will be able to bring us to enjoy every end result of every betting session carried out, of course this will have quite significant impact on security in maintaining finances for gambling.

Your opinion is absolutely correct, when we want to start gambling and our beliefs are still in doubt then we should gamble using only a small amount of money, then when we win we need to pay attention that we need to save some of our winnings. daily needs and don't think that when we gamble again using a lot of money, we will win again, even though the success is still in doubt.
It is better to play according to a small budget. If we lose we don't feel like we have lost much and when we win, even though the result is not much, we have to be able to accept it.

As long as we can manage everything, we will not encounter any problems. We can use the winning money well and still prepare some money to gamble another day after we can calm down from the winnings and enjoy the winning money. We will also remember how difficult it was to get that big win so that we can appreciate the winning money we have earned and will not gamble excessively. We must be able to try to manage our winnings to get a better life.

As long as we have arranged everything and we don't exceed the limits of what we can afford, we can enjoy it well. Even when gambling, we can also enjoy gambling so that we won't experience any problems and won't become addicted to gambling, which has become a problem for many people.

This is the right way to go, there is really nothing that we could do to with the extra money right away that would not make us lose it all. So, the smart way would be just making sure that we put that aside for our future gambling, and depending on the amount maybe even just put it aside for something totally different. I get that it is going to be a tough thing, but at the end we have done something wonderful with winning, so why risk it further by doing something that would not be all that crazy.

Just focus on what you could do, and in return we could end up with a good way of making profit. So all in all, I think we should probably cause something that would not be all that easy, it has to be something that will go beyond temptation.

Cycle you're in? Even the most disciplined fall for this classic trap. You've noticed a pattern, but here's the twist: Gambling savings are an illusion, not a financial strategy. Not solid ground, but quicksand. You're right about distinguishing gambling gains from stable income. That's smart. But change our approach. Savings should be holy. The intent matters, not the source. Make your monthly money your castle. As for winning? I have a fresh idea: invest them in an out-of-reach fund for future needs

You mentioned a discipline? It matters. But it's not only about gambling prevention. Building a savings wall for the future. Consider it financial hygiene. Instead of gambling it away, do something constructive with it

I guess he really just wants to point out what he means.

It's true, we don't have to spend too much on gambling. We don't have to worry about others telling us that we are cheap, they won't know and they should not care about it.
Don't stay with the chatboxes of the gambling sites because most people there are judgmental, they will say we are cheap because we are still on the lowest VIP rank. I've heard that a lot of times there. My account's life is a year but I don't give a damn if I am still a VIP 1, they wasted money to rank up, and I didn't. So who is the real winner?
Bet at your own amount, what you can afford to lose, and will not be stressed out even if you get rekt. I mean, the price where you can still sleep sound at night and would not worry about what you lost.
It's better that way than being stressed out at what you did and thinking you made a big mistake by betting too much which could've been for something else like paying the bills, going out for fun, or whatever entertainment you want from that money.
Gambling is entertainment, let's not forget that and we could be entertained only if we use the right amount that we can still swallow if we lose at the end of the day.

Actually, you have repeated the same thing over and over so your text reads longer. I understood what you tried to say. You know that there is a saying, You should gamble only if you can afford to lose. Do not deposit an amount that you cannot afford to lose. When you deposit a low amount of money, you won't be able to place big bets.

You don't have to spend extra money there. I am not sure what did you mean by extra money. But I am sure you didn't mean it as left over money. Just make a deposit what you could lose so you don't care about it if you lose it. It's all about win and lose.

Savings are very good because it is good to have something to fall back to at all times but when we save from our winnings we should use it for something productive and not to use the savings for gambling. Saving needs discipline it is this discipline that will prevent the gambler from gambling with the money. I remember saving money from my winnings but unfortunately, I still used the money to gamble when I felt I would win and even increase my savings.

However, what I learnt from my experience is that saving with a winning from gambling is like reserving money to gamble later so I only save from my monthly income and whenever I win from gambling I use it to pay bills and then gamble with the remaining money.