Topic: Sudden Wealth Syndrome (SWS) In Gambling - page 4. (Read 664 times)

Many people think that the worst symptom of this syndrome is impulsive financial decisions, but there are many people who for fear of not knowing what to do with so much money, end up going the other way... develop symptoms such as anxiety, depression and social isolations. Of course that the first thing that a person needs to do is recognize that have a psychological problem and then seek professional help, as a therapist is the best person to understand emotions and develop an "action plan" to help the person deal with it. this situation.

I also believe that family help is fundamental in this case, but you need to be careful to ask for help from those who can really help you and not attract people who are only interested in your money and who can take advantage of this fragility to deceive or steal you. And after your emotions are "in place", look for other professionals to help you invest your money in healthy sources of income that can make your fortune increase instead of decrease.

Yes, people will have anxiety if they plunge into something unexpected like huge money, at first they will be excited, but after that, they will show symptoms of Sudden Wealth Syndrome because they do not know how to act and what to think, they are excited to have all this money and yet they are afraid what people and his relatives will think of them it's a great feeling that you can be financially free but it seems the hardest part is shifting to a new level.
That is why those who won lotteries tend to lose almost everything they have after two or three years because they do not how to adjust and how to use their wealth properly, some of them even regret winning the lottery.

^I agree it is also important to develop a sustainable financial plan that suits with your values and long-term goals. I think this can help provide a sense of purpose and direction as you manage your wealth responsibly. While Sudden Wealth Syndrome can be a challenging experience, it's heartening to know that with time, self-awareness, and the right support, individuals can find ways to adapt to their new circumstances and thrive both emotionally and financially. Because for me, developing a well-thought-out financial strategy that includes saving, investing, and considering long-term goals can help ensure that any sudden wealth is used wisely and effectively to secure your future.

I have been thinking for long now on when it's going to be my own turn. I believe tables turn and if I am patient and always putting my effort to do some analysis using my strat, one day I might be fortunate to become a victim of sudden wealth syndrome.

This is going to be a big opportunity for and it might even make me to stay away from gambling for a long time because I wouldn't want to lose part of the money to the casino or company where I got the sudden wealth syndrome. This mostly comes unplanned and with great surprises that often lead to everlasting joy. The probability is very small for any gambler to have this kind of luck.

It's not just about that really, cause for all we care when we have the money we definitely know how to spend it. But in my personal case the one I got most troubled with is the fear that perhaps I'm not cut for it, and I only got lucky this time so if I fuck up and fail I won't be able to get back up again. Funnily enough this was disproven back in 2020, literally fell and lost everything in 2019, until the bull run came and helped me get back up my feet. In my opinion the stress this induces is what causes you to relish on these thoughts even more, the fear that you might lose your money one day, the fear that your friends are only there cause you can take me to dinners and drinkouts, the fear that your spouse may have been lying to you about her sincerity cause at the end of the day, you had the money already.

I think I know someone who actually suffered this kind of syndrome when he got some huge money from bounty rewards back in 2018 when altcoins were still fresh. One of my friends who earned a huge amount of money suddenly became distressed. instead of enjoying the rewards he got from his months of work instead, he seems can't find his peace and always getting insomnia even though his funds are already transferred to a trusted local exchange at that time. I can really say that this Syndrome is not to be laughed at because he just came back to his senses after he successfully distributed the money to his family members and bought some things he needed. People that are too scared to touch huge amounts of money are real, and thankfully he was back to normal after that.

You would totally find yourself lost in track on what are the things that should supposed to be done or those typical things that you've been doing specially on the time that you do able to experience huge profits or wins then

you would be basically be buying all sorts of things that you do want and would really be having that limitation in hanging out with your friends or would really be that more secretive even with your own family.
The main thing that you would be having in mind is on how to keep those money in safe and would really be away on other peoples awareness specially if this is an amount that you havent experience on holding on your entire life on which you would really be having that kind of boost of emotions that you could buy everything that you do currently have now. 

On the time that you would be experiencing that deplete of money and cant be able to catch up on making it grow or making some profits then this is where you would be starting on panic
because you dont like on getting into the situation on where you are before.This is where new problem would exist or would really happen.

I think it comes natural when you've basically lived your whole life thinking that this is all there is to it, that you'd remain a regular wage employee and you'd have to make ends meet if you want to get the nicer things in life. And then you get hit with the reality of the situation, the desirable reality that all you really need is a good break and you're already set for success. I've felt that too when I got my first massive earning in cryptocurrency. I adjusted quickly but at the same time the identity crisis lingered with me for a good while as I try to make sense of why I think I deserve to earn this much money in a week. It's really common is what I mean to say, it just hits you harder the more money you have looking in front of you.

My first time on hearing out this kind of normal emotional reaction or thing which turns out that this would really be that typical on the time that you do able to make some huge profits. Wayback not on gambling but also in investing or futures on which i do make out that huge money on which it is really that true that you would really be mainly be thinking on how you would really be spending up and trying out to make yourself that private as much as possible but i didnt really come into a point on which im already isolating myself with my friends or family. Money is important but not on the sense that i would be making myself like a paranoid.

I should say that this is really a matter of self control since not all would really be that good in terms of sudden burst of emotions specially on having that money. They would really be trying out to be that isolating themselve
which it comes into a point that it is really that affecting everything around which its not really that ideal. This is why it would really be that important that you should really be that having that good control towards
your emotions and towards the mindset that you do really have.

I've been there a few times after winning a few good casino promotions that I wasn't expecting to win, and what I did was exchange my winnings for fiat, as I don't have the same itch for spending money when all I have is fiat.

Gamblers need to be aware because even if they're not winning big in casinos, it can still lead them to make poor decisions that they shouldn't have made. They have to find a solution that would keep them grounded because winning can send a gambler's confidence through the roof and that's where the poor decisions could start.

Interesting, before that I didn't know about "SWS" Sudden Wealth Syndrome. but after reading from your review post, I thought for a moment and it seems I've experienced the same thing. in the case of gambling, I have never felt it. moreover, I'm not the type who likes to bet on the lottery. as you said, it is very likely that SWS symptoms will come to those who win the jackpot from the lottery. who was originally just an mediocre person, suddenly became a person who has a lot of money, aka rich. I believe, a syndrome like this has been experienced by most humans. in particular, those who initially lived in moderation or lived in all deprivation, then became rich in a short time.

Long story short, I experienced this phase, when the business I developed shot with very high graphics. plus, I get big profit from crypto investment. what you say, happened to me. but I feel more anxiety, and a high sense of fear. I think it's natural, even I don't know in the end I got used to it. so my conclusion, in the process one gets used to it. referring to gambling, this syndrome is rare. but we agree, lottery jackpot winners can experience these things.

   Sudden wealth syndrome, I can't say I've heard of this before and not real sure this is an actual thing or if you made it up..either way...I would love to contract SWS! 

The truth about this is people overall are simply financially illiterate, and they think "wow, I've got all this money all of a sudden, it's going to last forever" and often times it simply vanishes with over spending.  People tend to not do a good job of saving, and think that since they won, that they should keep gambling and it'll keep happening.

This is honestly the only syndrome that I want to experience. It rarely happens to a few people because only a few has a chance to get wealthy instantly. I think it only happens to those who aren't prepared for their life changes. There are fears and doubts but what important is we know how to deal with it wisely.
Once we get the chance of winning huge sums of money, we should embrace it and be wise in handling our finances and in managing our emotions. We have to accept the changes and be wise in making decisions since not all of us could be lucky.

It doesn't make sense. Wealth is not like some sickness or anything, if you give the wrong people a lot of money, of course they will do the wrong thing but that is not because they had money, they were always that person but didn2t had the money to be who they really are.

Anyone who goes and does drugs and escorts and just dies off overdosing, were already a person like that but didn't had the money to do that, which is stupid because you could always sell your stuff and get a loan and have a night like that and you do not have to think about afterwards anyway, it is really a stupid thing to do and only a moron would do it. In the end anyone decent would know that you put it in a safe place with a small return that is guaranteed and make sure you do alright.

Only few gamblers experienced this one,because they may be the luckiest person then me.Since I do have experienced this one,it doesn't mean I don't experienced in the future.The situation only for now,being the regular gambler,I will wait to experienced this one.Because it will change my entire life,who don't like the asset from the gambling money.We only need to continue our betting in the gambling,one day our luckiest day will come.But many gamblers doesn't have the patience to eat the fruit.They will plant the tree and pour water daily and die or out from the field before the result come.

I have heard of it and I know what it is and I know that people do experience it but I have not. I think it is what will happen to a man at least once in his life time. I can relate it to opportunity come but once and one is expected to make use of such opportunity of huge amount of money presented to him either in lottery or winning a bet. However, we don't need to allow our life to be stagnant in expectation of making it or hitting the jackpot one day, we have to keep moving in our endeavor so that if such opportunity comes, it will become an added advantage and if it doesn't come, we are still good.

Yes I have experienced this. It however had nothing to do with gambling or betting or winning a lottery. It had to do with the first time I won a contract bid to design a department jersey for more than 120students.
It was easy to just breakdown the amount as at then, because I already knew what to do, and had the knowledge and contact.
Although all this is in the past, the feeling of when I started earning then at my first job comes close to describing this sudden wealth syndrome (SWS).  I'd make a budget at first, but when the salary came, I would find out I had more expenses that the money won't suddenly become enough for.

I discovered it was because I didn't stick to my budget plan.
I outgrew this sudden wealth syndrome once I became more disciplined with my expenditures, once I stopped being a nice guy who gives money to people unnecessarily, also once I reduced my indulgence in activities like expensive outtings, or other pleasurable fun activities, with gambling inclusive.

It's just so much amazing how my mind became clearer then to know what it wanted, such that when the sudden wealth arrived, not only was I able to be responsible, I was also accountable to myself.


Yes, everyone who is still struggling or have the potential to come into such sudden wealth should be made aware. By word of mouth in a group setting, this would be much needed awareness someone will appreciate.

If you show the world you live a high life once upon a time and then suddenly you couldn't afford it anymore then your friends will really wonder you are not going out anymore when you used to like hanging out back when you still have a lot of money. So this SWS will affect your socialization.

But I don't see this as a disorder. Anyone who suddenly got a huge wealth that you are not used to may really decide to do something with the money after especially if they earn it easily.

this is one of the few diseases that one can wish for ?
Seriously, joke aside, this is a well-known problem and it's not just something that can be related to gambling.

I completely understand OP's point "bounty period".
Personally I experienced a certain lack of interest in other economic activities at that time, but I don't know if it could be connected to such a syndrome.

The idea of "huge" money can be relative. I've felt it before during winning streaks. I used those winnings to keep playing instead of withdrawing any, and now that you've introduced this syndrome, it makes sense.

Holding an NFT at that time was a gamble, and unfortunately, luck wasn't on my side. I even went as far as attempting to borrow money just to invest in it, lol.