"Most lottery winners go broke after few years" - page 2.

mammusu

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Quote from: taufik123 on December 02, 2024, 04:56:48 PM

Quote from: mak013 on November 30, 2024, 06:59:24 AM

There is just one situation when it is possible to control the result of other gamblers. It is when I want to overperform them. But it is true for sport betting and some card games - situation when the gambler can influence the outcome. Lottery is just about of luck, just don`t waste a time even reading about it.

You can study it and you can research how sports betting works, because it's not just about luck,
but about how you do your research on each player or club you play at.

And the lottery is indeed just a matter of luck, because there are many numbers that will appear, and the winnings will not always appear.
Many lottery players have bought enough lottery tickets but have never been lucky, this is indeed just a matter of luck but it will not always appear.

That's why compared to slots and lotere, I personally prefer to betting in sports, because sports betting, of course research and analysis can be our reference in dtermining betting choices, so it is very important to know details such as player performance, team strategy, and match conditions, which may be able to provide a significant advantage for us in Predicting.

As for the lottery, as you said, it is entirely dependent on luck during this time, and I don't think there is any strategy that can guarantee a win because in lottery the results are completely random all along.

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Quote from: Dave1 on November 30, 2024, 02:39:11 AM

Yeah, for sure those who bet on the lottery is looking to get out of their poverty and so they go and try their luck and there are a lot of people who have won, changes their lives for the better and never be poor again.

But on the flipside, those who win who might not have seen this kind of money before in their lives and doesn't know to handle it, could just throw parties around and giving away their money to their close friends. And then when they don't have the money, those people suddenly disappear, and that is the curse of lottery winners.

Yes, this happens all the time in life. A friend of mine got a lot of money. Every day, a huge number of people gathered, thirsty for freebies. As soon as the money ran out, everyone ran away and forgot about the person, as if nothing had happened. That's what society is like. You can understand both sides. No one is interested in communicating with a poor person. He has practically no opportunities. Boring and nothing more, isn't it?

mak013

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Quote from: taufik123 on December 02, 2024, 04:56:48 PM

Quote from: mak013 on November 30, 2024, 06:59:24 AM

There is just one situation when it is possible to control the result of other gamblers. It is when I want to overperform them. But it is true for sport betting and some card games - situation when the gambler can influence the outcome. Lottery is just about of luck, just don`t waste a time even reading about it.

You can study it and you can research how sports betting works, because it's not just about luck,
but about how you do your research on each player or club you play at.

And the lottery is indeed just a matter of luck, because there are many numbers that will appear, and the winnings will not always appear.
Many lottery players have bought enough lottery tickets but have never been lucky, this is indeed just a matter of luck but it will not always appear.

That is what i`m talking about. Reading such articles or "researches" we just increase the interest to the lottery without any reasons of winning. I read information how works lottery in my country several years ago. The officially allowed profit of the lottery organizer is 50%. He even don`t need any tricks - he het stable profit. And he is interested in increasing ticket sales. And everyone who read about lottery one moment begin to think about buying ticket.

I but such tickets as a small present sometimes, but i never heard about serious wins from these people.

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Quote from: mak013 on November 30, 2024, 06:59:24 AM

There is just one situation when it is possible to control the result of other gamblers. It is when I want to overperform them. But it is true for sport betting and some card games - situation when the gambler can influence the outcome. Lottery is just about of luck, just don`t waste a time even reading about it.

You can study it and you can research how sports betting works, because it's not just about luck,
but about how you do your research on each player or club you play at.

And the lottery is indeed just a matter of luck, because there are many numbers that will appear, and the winnings will not always appear.
Many lottery players have bought enough lottery tickets but have never been lucky, this is indeed just a matter of luck but it will not always appear.

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Quote from: Beparanf on November 28, 2024, 09:01:53 AM

Poor financial management is always the reason why lotto winners here got broke after few years.

It is never taught properly to anybody unless someone in the family knows and is keen on teaching them. In fact with proper financial management skills, the person would never become a gambler but open a casino to make money.

I still think paying back their debts drains out most of the winning money rather than buying luxury and maintaining them. The net amount is always a loss even after a lottery win.

Quote

Only few lottery winners manage to stay rich because they invest on businesses to gain more profit since they already have the capital.

I am sure that number of individuals is nothing more than handful.

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Quote from: bering on November 30, 2024, 05:30:05 PM

Quote from: tread93 on November 30, 2024, 02:34:10 AM

I feel like most of these folks who win are just every day folks who don’t have money and of course it’ll be those people that lose it all first. because that’s how they do it and it’s almost always a free for all and they go on.

I have been reading about the stories of winning lotteries and indeed most of them are poor people which before win huge prizes they don't have much money into their bank account and when they won the lotteries these people don't have good skill to managed their financial and all they know is when have money usually they only spend for unnecessary things so those people never thinking want to invest their money prizes or build their own bussiness for their future so that's why within years those people have bankrupt and return to being poor again

If a poor person suddenly becomes the owner of a large amount of money, then it is difficult for him to do even normal tasks because he is so excited at that time that he is not able to understand what to do. Moreover, poor people always have high emotions due to which they cannot take the right decision in using money. I will not say that all lottery winners are poor, but if those lucky people do not have the skill of money management, then they can lose that money quickly. There may be many cases where even after getting a big win, they have become poor again.

If a gambler cannot use that money in a business or purchase of property or any other profitable work after a win, then his wealth will be lost. It is difficult to get win one after another. That is why a gambler must give importance to the proper use of money.

mammusu

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Quote from: Koadharber on December 01, 2024, 12:22:51 AM

Quote from: bering on November 30, 2024, 05:30:05 PM

Quote from: tread93 on November 30, 2024, 02:34:10 AM

I feel like most of these folks who win are just every day folks who don’t have money and of course it’ll be those people that lose it all first. because that’s how they do it and it’s almost always a free for all and they go on.

I have been reading about the stories of winning lotteries and indeed most of them are poor people which before win huge prizes they don't have much money into their bank account and when they won the lotteries these people don't have good skill to managed their financial and all they know is when have money usually they only spend for unnecessary things so those people never thinking want to invest their money prizes or build their own bussiness for their future so that's why within years those people have bankrupt and return to being poor again

Not all poor people do really win up though but majority are, Why? rich people or do have that financial capacity wont really be caring that much on winning up or betting on lottery since they do have the money
or doesnt really care because they do know that odds are almost close to impossible but for those who are sitting in poverty line or simply being poor condition then for them to be able to get out such condition.
Just like on what been said by most people on here is that the main reason on why people do become poor again or goes back into their previous situation is that because of mismanagement of those funds.
It is really just that a waste of those winning money if they will really be that careless on spending it up and they do become wary on the time that they are already having some financial problem again.

Those who are rich have better money management than the poor, so far the rich have only made gambling a pleasure and also entertainment for them to spend time and money, while those who are poor of course have great hope if gambling and lotteries can change their lives although in the end it only destroys their lives,for those who are poor, of course, the big victory makes them surprised and happy extraordinarily, so that they lose control in spending the money only for splurging and with the absence of good financial management, of course, it only makes them poor again.

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Quote from: DaNNy001 on November 30, 2024, 03:38:55 PM

Statistically there's no record of anyone that has achieved financial stability from gambling..I'm not disputing the fact that people win millions on a daily basis but how long does the money last? Why do they end up broke after a while? These are key questions you need to ask yourself.. Gambling comes with the urge of trying continuously even when you are winning, greed is part of the mental trap...so it doesn't matter how much you win there's a high chance that you would go back into it and lose what you have won or you might make careless financial mistakes because the money was too easy to get.

Greed has mastered everything, therefore no matter how much we win, in the end the victory returns to gambling. and as happened to me, before I placed a bet I liked to imagine and make a business and investment plan if one day I won big in gambling, and it turned out that I got the opportunity that although the amount of money won was still far from what I imagined, but it was a large enough amount, and could increase the amount of my investment to buy some coins. but after getting the victory, what I had planned, which was to increase the amount of my investment, the plan disappeared who knows where and was not realized at all. Meanwhile, the money I got was used up again in gambling, because I tried to move from site to site in the hope that a bigger victory was waiting for me. And instead of being able to generate more profit, it could only eliminate what I had won and I even had to dig into my wallet again to fulfill my desire to gamble.

This is a loss incident, a stupid thing I have ever done and I promise not to repeat it again.

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Quote from: mak013 on November 29, 2024, 02:57:09 AM

Quote from: Adbitco on November 29, 2024, 02:31:43 AM

One thing I know is that people must always talk about those who win lottery or those who even win huge amount on gambling because they usually feel or think that those money are being useless back into the gambling site while for those with lottery, when they win people seems to talk what they don't know about the person.

You know, lot of people have this belief that gamblers does not utilize their money being won from gambling because they will definitely send them back to the gambling site but for lottery they feels that they use the money for for non-important issues or maybe, using the money to flex just as you have mentioned above because they felt is a free money and of course, lottery winners always have this mindset that the money is free.

But sincerely most people has won huge amount through lottery and they have also established themselves through that amount they won from lottery while there are some people who aren't able to make judicious use of their money because they felt it is a free money.

It is just waste of time to analyze how someone spends his money as for me. We always will compare ourselves with such winners and think how we can spend this prize. It would be better to concentrate on our own business and try to increase our own income.
There are different winners, some of them used their prize clever, the other just spent all their money. I doesn`t care about it - it isn`t my situation and my problems. All these talks increase our interest for gambling and make us spend our money.

One thing you must understand about people is that they usually talk what does not concern them because everyone has the power, the ability and the tendency to use their money to what they feel like using it for after making money from gambling. But this, some people decide to talk about how others use their money or spend their money on their life and their partner, and of course I have the Will power to use the money and can move back to the gambling site or use the money for other businesses which I felt is productive to me than gambling again or joining back a lottery again. So sincerely, people should keep off from what doesn't relate to them or concern them and how other spend their money from gambling.

tread93

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Quote from: Dave1 on November 30, 2024, 02:39:11 AM

Quote from: tread93 on November 30, 2024, 02:34:10 AM

I feel like most of these folks who win are just every day folks who don’t have money and of course it’ll be those people that lose it all first. because that’s how they do it and it’s almost always a free for all and they go on.

Yeah, for sure those who bet on the lottery is looking to get out of their poverty and so they go and try their luck and there are a lot of people who have won, changes their lives for the better and never be poor again.

But on the flipside, those who win who might not have seen this kind of money before in their lives and doesn't know to handle it, could just throw parties around and giving away their money to their close friends. And then when they don't have the money, those people suddenly disappear, and that is the curse of lottery winners.

It’s a sad way to end it all indeed, folks like that are In constant need of attention and there is definitely some big hole in their heart that make them need this kind of attachment or social interaction even if it comes at a price and is ingenue. Certainly they are an easy target that people can take advantage due to their insecurities. Being generous when money isn’t an issue always feels good too so there is also that.

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Quote from: mirakal on November 30, 2024, 08:47:55 AM

It’s easy to spend millions if we don’t control our spending habits or have a clear purpose for it. This is the harsh reality for many people who win big in gambling—they often think only about enjoying life. But if every expense is carefully thought out and invested in something that brings a solid return, those millions won’t disappear; instead, they multiply.

Unfortunately, regrets usually come after the mistake, and we can’t deny that only a small percentage of lottery winners manage to hold on to their fortune. Most end up broke and empty-handed.
It is very clear that it is not about how much you win but it is about how wisely we manage what we have won.

That is what my dad said and that is right because we can see when someone getting paid from his work, he tends will use to spends many things without think that he must prepare that money for a month. Only some people who can realize that he must have a reserve funds for a month and for preparation for the urgent situation. That will work when someone hit the jackpot which makes him get huge money.

He can use almost all of the money for something that he may not really needed. He really need to think and make a plan what he should do with that money and prepare that with his family and always reminds their future plan so they can use that money with right.

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It isn’t just lottery winners. People who have but aren’t capable of performing high paying jobs, people who get inheritance money, people who Rob and steal… Basically anyone who comes into money they didn’t earn is at a massive risk of losing it all. You gotta crawl before you walk and countries do a horrible job and financially educating their citizens.

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Quote from: bering on November 30, 2024, 05:30:05 PM

Quote from: tread93 on November 30, 2024, 02:34:10 AM

I feel like most of these folks who win are just every day folks who don’t have money and of course it’ll be those people that lose it all first. because that’s how they do it and it’s almost always a free for all and they go on.

I have been reading about the stories of winning lotteries and indeed most of them are poor people which before win huge prizes they don't have much money into their bank account and when they won the lotteries these people don't have good skill to managed their financial and all they know is when have money usually they only spend for unnecessary things so those people never thinking want to invest their money prizes or build their own bussiness for their future so that's why within years those people have bankrupt and return to being poor again

Not all poor people do really win up though but majority are, Why? rich people or do have that financial capacity wont really be caring that much on winning up or betting on lottery since they do have the money or doesnt really care because they do know that odds are almost close to impossible but for those who are sitting in poverty line or simply being poor condition then for them to be able to get out such condition.
Just like on what been said by most people on here is that the main reason on why people do become poor again or goes back into their previous situation is that because of mismanagement of those funds.
It is really just that a waste of those winning money if they will really be that careless on spending it up and they do become wary on the time that they are already having some financial problem again.

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Quote from: tread93 on November 30, 2024, 02:34:10 AM

I feel like most of these folks who win are just every day folks who don’t have money and of course it’ll be those people that lose it all first. because that’s how they do it and it’s almost always a free for all and they go on.

Are you approving of the carelessness of the lottery winners and their being truly broke after a while? I do not agree with that and I do not know any trusted and verifiable statistics that can buttress those claims, which is why each case should be treated differently.

Of course, some would have "blown off" the money and regretted it, but I tell you that many more would have utilised it judiciously and even caused other people to become rich as money can't be spent alone. And for those who are not selfish with their family and friends, a substantial portion given to others could even be a seed to their (beneficiary) wealth.

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Is there really such a myth that winning lottery ruins people's lives? Really? I didn't know about that. There are really some circumstances when it really ruins lives but that's rare and that happens because the winner was a lucky one without a brain. Such people immediately leave their job, give some money to friend and relatives, do big parties, spend lots of money on travelling and dinner in luxury restaurants and then they discover that suddenly, their money is gone. Or there are cases when they start a business and make very unwise decisions. But as said in this article, most of the time, life goes for better for these winners.

Quote from: o48o on November 25, 2024, 10:11:56 AM

Sure, financial skills and hard work play a part, but that doesn't mean anyone with those would get rich. There are numerous reasons for that but i will sum it up to "correct circumstances".

Most of the time, financial skills and hard work mean that you are a good worker in the bank, that's all!

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Quote from: tread93 on November 30, 2024, 02:34:10 AM

I feel like most of these folks who win are just every day folks who don’t have money and of course it’ll be those people that lose it all first. because that’s how they do it and it’s almost always a free for all and they go on.

I have been reading about the stories of winning lotteries and indeed most of them are poor people which before win huge prizes they don't have much money into their bank account and when they won the lotteries these people don't have good skill to managed their financial and all they know is when have money usually they only spend for unnecessary things so those people never thinking want to invest their money prizes or build their own bussiness for their future so that's why within years those people have bankrupt and return to being poor again

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Quote from: Jawhead999 on November 25, 2024, 10:27:16 AM

Interesting research, I think it's similar like majority beliefs where gambling is bad, while it's not necessary true.

Many gamblers get addicted, but we should know that there are more gamblers aren't get addicted, instead it could improve their life since gambling is entertainment.

They ought to go broke because it's quite hard to make something good out of money gotten from this aspects, mostly I see alot of people in my area that play lottery but whenever they get a win and after some time you'll definitely observe they are needing help from you again, so it's normal for them to go broke after a win. And basically planning plays a vital role in making sure the money still exist.

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Statistically there's no record of anyone that has achieved financial stability from gambling..I'm not disputing the fact that people win millions on a daily basis but how long does the money last? Why do they end up broke after a while? These are key questions you need to ask yourself.. Gambling comes with the urge of trying continuously even when you are winning, greed is part of the mental trap...so it doesn't matter how much you win there's a high chance that you would go back into it and lose what you have won or you might make careless financial mistakes because the money was too easy to get.

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Quote from: ethereumhunter on November 30, 2024, 01:47:25 AM

Quote from: Wonder Work on November 29, 2024, 01:34:31 AM

However, I have seen many people who have earned money from casino games and left the world of casinos at once. They are using the money they earn from the casino to do something else and are living a good life, although this is seen in very few cases. Only those who can use the money properly can do something like this; no one else can do it.

Again, I have seen many people who have earned a good amount of money from here, but at the end of the day, they are empty again because they cannot use it properly. Those who cannot use it later regret what they did with so much money. It is also heard that they even lose their homes and become destitute, misbehave with their families, and even ruin themselves. If you can use money properly, it is said that the money earned from casinos is sound.

That is the right decision from those people if they can think their future and what they can do with that win money. They get huge money from gambling so that means they have a chance to change their lives to be better. They can't just use the money without having a plan for their future so they must create a plan and run it. They must learn from other people's experience so they can use the money properly.

It’s easy to spend millions if we don’t control our spending habits or have a clear purpose for it. This is the harsh reality for many people who win big in gambling—they often think only about enjoying life. But if every expense is carefully thought out and invested in something that brings a solid return, those millions won’t disappear; instead, they multiply.

Unfortunately, regrets usually come after the mistake, and we can’t deny that only a small percentage of lottery winners manage to hold on to their fortune. Most end up broke and empty-handed.
It is very clear that it is not about how much you win but it is about how wisely we manage what we have won.

mak013

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Quote from: taufik123 on November 29, 2024, 03:58:15 AM

Quote from: mak013 on November 29, 2024, 02:57:09 AM

It would be better to concentrate on our own business and try to increase our own income.

That's more important, don't just calculate how someone wins and gets the jackpot.
Just forget about that and focus on being able to win as well, because someone who loses focus will just waste their chance to win.
If you do sports betting, then focus on doing research on players and how the condition of the club is, etc.

There is just one situation when it is possible to control the result of other gamblers. It is when I want to overperform them. But it is true for sport betting and some card games - situation when the gambler can influence the outcome. Lottery is just about of luck, just don`t waste a time even reading about it.

Topic: "Most lottery winners go broke after few years" - page 2. (Read 1747 times)