Topic: Sudden Wealth Syndrome (SWS) In Gambling - page 6. (Read 668 times)

I didn't know this syndrome existed. I thought that people who suddenly earn a lot of money would be happier and calmer in life, but it turns out that for some people it was like disaster for them.
But I think that if we understand financial management and stay humble in any situation and don't need to overthink about everything, this kind of syndrome won't happen to us.

          -  I have never experienced such a thing, but I don't want to experience it again, maybe it happens often to those who win the lotto jackpot prize. Because of the lack of knowledge on mismanagement and financial management, this is also probably the reason for losing or ignoring large amounts of money won because they are shocked by the amount they are holding because they are only used to small amounts.

but of course I hope no one experiences it here in the crypto gambling community, we must play the right game in gambling here in the crypto space so that we don't get stressed in the end.

Well, I say most of the people who become rich all of a sudden goes through complete behavioral change but it is very normal thing if we thing realistic cause something happened that they didn't expect it to be but I am not going to call it as syndrome and people have to pay some money to get out of it.

This thing happens once in a million so probably there are not a lot of people to speak about as well but what they will do is just go rouge and spend all their money in a way that is not really necessary for them and get back into the same place where they started in a year of few.

I don't know anything about the Sudden Wealth Syndrome (SWS) and I'm hearing about it for the first time. Of course, the symptoms of this syndrome are not familiar to me, probably because I am not the owner of big gambling winnings or wealth in any other way.

People who have a chance to make a lot of money (even people who don't have this chance, because they may suddenly become the owner of a rich inheritance, for example) don't need to know about the Sudden Wealth Syndrome. If they suffer from this ailment, which they feel about, they can turn to specialists who will provide qualified assistance. I mean, as long as it doesn't bother you and doesn't spoil your standard of living, then you shouldn't fill your head with nonsense and worry about it.

What will I do if I win a big sum of money? Even I have no idea, because there are no prerequisites for this (I am not a gambler). I don't want to fantasize about this topic, because I think that problems need to be solved as they arise. If there is no problem with having wealth and the question of how to spend it, then you should not waste time thinking about it.

first of all the lottery winner will indeed become very rich if he is lucky because the multiplier that is obtained is indeed very large and can change someone economy to become richer with that victory and I have ever gotten that when from the bounty results and the results became even bigger in 2021 I feel luckiest when the NFT I held turned out to be very expensive.

at that time I did not feel this syndrome but I actually lost control of being a little arrogant buying whatever I wanted and actually I had hidden about my money but unfortunately people around know this and lots of friends who approach me every day. but after that the money was gone and I just felt like this syndrome felt sorry to want to punish myself after my money was gone all my friends avoided me or I felt isolated after not having much money. whether this is a syndrome or not, what is certain is that I feel this after having nothing else.

from my experience it provides a valuable lesson that for anyone who can make more money does not have to know this syndrome, it is enough to hide everything and look normal but take advantage of income on something that has a small risk but in the long run produces more. this way so that we do not feel isolated if a problem occurs because we will only be ourselves without being overvalued.

I could understand about the extremely not want to lose any money, but I can't understand why you should feel wrong when you win big and you need to insolated from your friends? you're making a good amount of money and there's nothing wrong about it, you're not steal your friends money or harm them. If you're lucky and your friends aren't lucky, that's not your mistake.

Well I never won a huge amount of money yet so I haven't experience a Sudden Wealth Syndrome, peradventure if I win any huge amount of money I don't think I will experience it, I will have a relax feeling and try as possible to keep cool because I had already laid out how I am going to invest my funds in case any big money suddenly comes my way, of course presently I have one or two abandoned projects due to lack of funds such a project will be my priority first whenever I hit a jackpot and for the fact that other people got their money through their daily job or investment doesn't consign me afterall I got my own money legitimately through gambling.

People who suffered from this are those who are not prepared and who do not expect to win huge amounts so they are faced with this syndrome, they do not expect to win huge amounts of money and they will just decide after they won a huge amount of money.
This is not recommended when you are betting when you are trading, and when you are investing, or just about anything because there's such a thing as unexpected money, so better to have a plan and as much as possible feel it so it will materialize and things will go smoothly when you hit the jackpot.

I think the probability for the average citizen is so low, like winning millions in the lottery, that it is not worth spending a lot of time worrying about it.


If there were many millions, a part, at least 10%, would be donated. The rest I would invest in such a way that I could live with passive income and dedicate my time to whatever I wanted, and the rest I would squander without any consideration. Even if I have been managing my finances well for a long time and I have become rich, the possibility that I could win an exorbitant amount all at once scares me a little. Having a lot of money, no obligations and all the time in the world ends up with more than one in rehab or dead from overdoses, things like that.

I expect this to affect those who are not from very harsh countries where your only chance of survival is money, I will never feel like this if I made a big amount of money from investment, I am expecting six figure in the next bull market, after waiting for years and accumulating different set of assets, I should now make 1 million dollars, which I wasn't expecting you now expect me to face SWS? That will never happen to someone like me, I have family that I need to help.

The only part that feels right is feeling unsafe, and that's because of those who doesn't have but always want to take things by force,  you know what I am talking about, it's right to feel unsafe when you are worth a lot of money.

I have never experienced sudden wealth syndrome before, maybe it's because I haven't made big amount of money yet but I know myself, I can never feel like that because making big money is my goal, if it comes it's because I deserve it.

I've never experienced Sudden Wealth Syndrome, as you describe and I'm lucky I didn't feel that way so I don't think there have been any significant changes since I got to know crypto. And when I managed to get my first money from crypto, it didn't immediately make me feel superior to other people, especially to my friends who were still working in offices. I didn't underestimate them either. Everything still goes normally.

This requires serious attention from people who can get big wins or large amounts of money because they will easily underestimate other people who don't have what they have. And I've often seen what people who suddenly managed to have a lot of money do. They usually act excessively and often annoy those around them with their attitude. But this depends on each person's awareness so that if they can earn a lot of money, they will not change their habits or other things and still act the same as before.

I wish and I would love to have all the desired things once in my life,if that moments come to me I will make sure I don't use it in vain by buying worthless things,something I usually do with excess money.Yet I have played for so long in slot machines,more than 5 years and never a single time to hit a max win,I guess I should be one of the most unlucky people when it come to gambling as I have seen that most other people who has played the same time as me have won at least once in some slot machine the max win,5 years playing slots consistently and never winning the max win is sure one hell of a huge bad luck.

I am well prepared though to know what to do if I get that huge amount,I will invest in several ventures to try to make me passive income.

No. I have never experienced such syndrome and I never will(probably). I know that I'm not lucky and I will never win the jackpot.
There's a saying "easy come, easy go" and I think that it applies to getting easy money out of nowhere.
When you win lots of money in an easy way, you just don't value them that much and you try to spend them for useless BS.
I don't understand how anyone would feel guilty about their luck and fortune. If they feel guilty why don't they just donate a decent amount of their winnings for charity and keep the rest of the money. This will take away the quilt for sure.

Of course they should, I never actually knew the name of this particular feeling not until after reading this thread and I believe I have seen someone who actually experienced it but for myself haven't experienced it at a large scale but all that happens to me is the sudden rush of adrenaline whenever I win what I might classify as a huge win in sports betting, I mean the feeling just makes you feel as if you are going crazy and at that moment confusion on how to use the funds just keep driving all in your head.

I don't know if this is included in SWS but some time ago when my income increased quite sharply from crypto trading, and money was so easy to get I had a hard time controlling myself from continuing to use it even for trivial things and slowly started to feel fear to lose the money.

To be honest, it will not be easy when we have been in an ordinary economic status for quite a long time and in a short time experienced a large increase in income, whether because of gambling, trading or also because of a business that can get profits quickly, and that happens because of our mentality not strong enough to manage emotions as a result of seeing the money we have increase very sharply, many people experience this, that's why we often see news of lottery or jackpot winners with life-changing amounts that only last a few moments to become rich and then bankrupt because unable to manage other than just continuing to fulfill desires.

But people who increase their income slowly will be very easy to maintain because they understand the difficulty of getting money so they will be more stable.

Yea, this is true for someone who has not really been seeing a huge amount of money, but all of a sudden, by luck in a bet, that kind of person makes such a huge win, and that's when they will experience the SWS, because ever In their life they have not really been seeing or even spending any amount that is close to that. For example, someone who is just earning like $100 every month maybe gets to win $1 million in a stretch while having not even made up to $200 at once in their life. I think the best way to handle it is just to be yourself and think positively about how you can improve yourself towards becoming a better person that is living on top of wealth that will be unending, because if the funds are misused, the person will still go back to not having anything meaningful while they had the opportunity to be rich. Perhaps if it's some one that was bragging and isolating himself or herself for their friends, he or she would still have to come back to them again after exhausting all the money.

Yes, it would help if people who suddenly become rich are aware of this. At least they know what it is they're going through, and they could also learn how to best navigate themselves away from it.

Sometimes, I and my neighbor friends talk of the possibility of winning the national lottery. While it's normal to hear the comment that he/she would share with us his/her winnings, it is ironic that it's also perhaps equally normal to hear the comment that he/she would quietly leave the place and settle somewhere far where nobody knows him/her.

I guess the latter is some kind of proof that becoming rich all of a sudden might indeed isolate somebody. The tendency is probably natural. Hence the feeling to relocate to another place.

I didn't know there is even such a thing. I guess it doesn't apply to everyone. I've had my share of winnings but not on the lottery levels yet. My priorities in life changed since I gained more and I made the decision of moving up the ladder instead of spending time hanging out so that kinda disconnected me from certain people I used to be with.

I can understand it existing but never really seen it in crypto personally.  I have way too many bills to ever suffer from this in my life ever and if I didnt have enough bills, I have a giant extended family.  I only need divide the millionaire fortune across my entire family and it'd be a hundred dollars each    Not sure I'd ever be that generous but certainly I'm used to considering money, balancing bills and income to stay liquid.
   A ton of people never think of money, they earn then spend their pay almost immediately its mere minutes per week for them; so yes this is a real 'syndrome' not made up and some people end up in trouble from worry etc.

The key here is planning ahead and keeping it discreet, when you're planning ahead it's not that you are expecting money to come its for you not to get a loss in making a decision when you suddenly win or accumulate a huge amount of money and another one is discretion not letting everybody knows what you've had until the time you know where to spend or what is the right thing to do with the money.

Sudden Wealth Syndrome (SWS) can also be overcome by not touching the money, for a period of time until you resolve the syndrome and awareness of the existing symptoms of Sudden Wealth Syndrome (SWS) will help you make the right decision.