Topic: Use your winning responsibly - page 10. (Read 2443 times)

Well, needless say that you are actually right, winning in gambling may not mean much for rich people, possibly because they already the most things the average and the poor crave and are possibly gambling for, for example, a rich person already have multiple investments in multiple places, have a house and no longer paying rent, have their own car, have everything they need in their houses, wear good cloths, eat good food, own good phones and computers, and most importantly, own big businesses generating good profit on daily basis in multiple places, what exactly will a person or persons of such class be needing the money they won from gambling for..?

I would even say that for people of this class, their reason for gambling may mostly be just having fun, though not bad to win money since winning also makes gambling more fun, but for type of persons, they possibly may not stop gambling after winning a rather huge sum, because they have far more than that in their different bank accounts, except on occasions where the money won is really significant to them, they may possible purse to reflect on the win and think of what to do with it.

And I believe I don't have to say that what or all this I've said does not actually apply to every rich people, for there still some rich people who are so greedy that they never ever contented.

I know about the thrill of a huge win—I love fun gambling! Anything seems conceivable in that moment of joy. I've been there and know the temptation to keep going, feeling like "Maybe this is just the beginning." Now, reality and duty. People are here because they love the game, but life is more than chance

I recommend treating wins like friends. Would you risk a friend for anything uncertain? Do you nurture them to ensure long-term happiness and security? Making clever investments or sensible use of profits shows love to yourself and others. Just balance the pleasure of the game with the love of a well-lived life

It's control, basically. Choice, money, and life control. Fun gambling with smart financial planning are a delicious compromise. Take it! Celebrate wins and plan ahead. The greatest win in life is retaining control, having fun, and embracing every moment

Sudden gambling winning money is a very exciting event for a gambler. Especially if that money is a little bigger. Gamblers enjoy that moment very much. But I have also seen a few such events where after a gambler gets their money they are busy increasing their bankroll, they are not willing to spend money on gambling because they think if they can increase their money then their subsequent winnings can be bigger. However, I do not fully agree with this idea. Because no gambler is sure whether they will win or lose. Moreover, a gambler can lose all his money by making a small mistake.

I deserve managing the winnings properly is definitely a big responsibility of the gambler. A responsible gambler never thinks he is addicted to gambling but when he wins there he tries to convert his winnings into a profitable business. It can be used as an investment or for personal use. However, I personally encourage the use of gambling money for any purpose, but I think it is best if there is a planned investment because gambling is uncertain, so in the future avoid economical problem in gambling, the financial aspect should be considered strong.

Perhaps it depends on every gambler, and for those who have a lot of money, maybe they are not thinking of how big they win, they still going back to play again and again. But for us here, and I think the majority will agree, if we win, we might think of using that money in other things, specially if is supposedly "free" and it comes from the casinos. Just like in my case, I won last night playing online, never had the urge to comeback (perhaps later), and I used my winnings to pay with some of my bills, like credit card and even my internet bills as well for the previous month. Just so happy that the risk that I took paid eventually and everything was lucky for me last night.

I agree with this because we will always be able to gamble at any time but we should also be able to enjoy the results of the winnings we get because it is not something we will always be able to get, in fact the chance of losing everything can be greater.
Congratulations because you can control yourself well and choose to make a withdrawal and enjoy the winnings because usually we will be very tempted to increase the bet, especially if some of our multi-bet bets work well, meaning we can feel like we are a good analyst and think to make more money by increasing the bet amount.

Yes that's right, if you do manage to get a win on one of your gambling sessions then obviously putting some of that winnings into something else that has the potential to grow money such as investments or other businesses is more advisable than you going back to gambling. But unfortunately it seems that very few people can do this, most of them prefer to apply greed when in that situation and put all their winnings back into gambling by increasing the number of multipliers and hoping to get a much bigger win which in the end turns out to be the result of dedication that creates significant disappointment when the results at the end of the session turn out to be losing, but most gamblers are always like this and even repeat it several times.

On the other hand it is true as you say that gambling is nothing more than a game of probability and this is indeed a true fact, there is enough evidence that we can make a benchmark such as those who apply greed but most always end tragically by losing everything they have won, therefore allocating money from winnings to other things such as investments or other potentially profitable businesses is a fairly effective idea to apply.

Yes, I agree, since I see it as a reward for our hard work, effort, and the range of feelings and thrills we experience when we bet. Winnings from gambling can be seen as an accomplishment or stroke of luck, right? Purchasing our wants and needs can serve as a means of rewarding ourselves for achieving success, resulting in a feeling of fulfillment and happiness. For me, buying significant items leaves us with a lasting impression, much like old photos that bring back fond memories as we age.
 
I believe that long-term financial security will be achieved if, for instance, the profits are used to pay off debts, invest in assets, or save for the future.
 
When we win big, even if it's only momentarily, we can use it to pay for schooling or other emergencies, like medical bills. This can have a big impact on our quality of life, even if it's only temporary, and it can also give us the opportunity to meet our immediate needs.
 

I support your opinion. Winning in gambling can become a nightmare if it is not invested. Some people won the lottery but broke after a while due to a lack of investment and an increase in their staking power. The fact that gambling is a game of probability is enough to remind us why we shouldn`t hesitate to invest or buy something of desire when we win. Desist from the urge to save because savings can be tampered with and used for gambling.

Actually there is nothing wrong with buying what we want after getting high profits from gambling, like you said that you want a smart TV with a wider screen for your comfort in watching sports compared to a small TV, we need to know that everyone has a goal for goods. who want it with full consideration and don't use money to buy expensive things that they don't need.

The decision to buy a dream item or invest both depends on the amount of funds and the priority scale according to each person, so no one needs to be blamed for the decision, because investment can also be prepared after the next gambling win.

Using the money from gambling winnings for important things is wise, there have been many gambling winners who have fallen into poverty because they didn't use the money from their gambling winnings for something that built their wealth when they won gambling, they instead squandered the money so they ended up returning life is difficult when the money runs out.
I once won up to $400 in gambling, I used the money to buy a new smartphone which had higher specifications than my old smartphone, I used the smartphone for my daily activities and it really helped me use the money from my gambling winnings for important things.

It is better to spend on items that you like than to gamble again, it is not certain that you will win, but when you buy goods you will feel satisfied because you have won it from a large gambling win because for me it is difficult to win in gambling in large quantities, let alone buy expensive items, so it is a great achievement and applied to something useful.

Yeahh the point is not to be greedy because if you obey it then you will become defeated again and even lose all of it, so by winning big and then investing for future profits then you hope where it will be for the investment and don't need to rely on luck anymore.

Winning in gambling increases the gambler's expectations, which makes buying expensive things a second thought. TV is an important thing for entertainment, I myself bought a smart TV when I got an unexpected big win. My main purpose of buying a smart TV was to watch sports as I was not comfortable watching sports on my small TV. So it seems to me that he bought the TV as thoughtfully as I did.

When winning big in gambling, it is important to invest that money properly, because there is a lot of risk involved, so anything can happen at any time. So a large part of the money won from gambling should be invested which will give good returns in future.

Participating in gambling and earning money from gambling and putting that money to good use is very commendable. While I support that you make money from gambling and use that money to help your family, I would be more supportive if you invested the same amount in gold/land/any other asset instead of buying a TV. Also it would have been better if you had bought and invested bitcoins with your winnings. A TV was needed for entertainment but since you had a small TV you could play on that TV. However, since you put it to good use, you must have done a good job, but my advice to every gambler is to put your gambling winnings to good use  There are many gamblers who earn money from gambling and use that money to gamble, but this is not right in my view.

Money management is a Skill most gamblers lack because when they gamble and win, they always feel that the money is definitely coming through again so they tend to spend that which they have got already any how they feel okay spending it so it's usually good we get advice that will help our money habit just before we happen ro be in such situations.

Having a separate account that hold funds Incase of emergency is very much needed so it will serve as one of the means to helping you keep your money safe, out of reach with no easy Access. been able to access accounts anytime may sometimes contribute to the way we spend because we believe there's always a way out and money somewhere which can always be used. Having a plan to help you put your expenses inorder does go a long way to help ease the stress of spend and at same time having saving as Incase it's not happening ass we did planned out our expenses.

And we must do what we can in order to avoid feeling that regret, because if we do not it and we experiment a huge loss then most likely we will enter a tilt state and become very aggressive with our bets trying to recover the money that we have lost as soon as possible, and as you may guess whenever that happens our luck goes down the drain and the losses that you can accumulate in that period of time can be enormous, a thing that will cause you even more regret and could even cause you to enter tilt again.

We should take that into consideration, we must understand the potential if we will going to do things like this, taking half of your money from either your investment or from your gambling capital while you are already in green is a good decision to take, you are just securing your money and leaving portion of that to continue enjoying or continue aiming for more if luck permits is not a bad choice, it's simply saying that who knows maybe that luck will continue but you just don't want to risk everything and it's wise to take both initial capital and some portion of your winning money.

Be practical as it is, since most of the time, those who continue to keep playing without withdrawing their initial might lose everything back then regret after.

This kind of thinking is also very useful when people invest, after all how many times we have seen on the past that some people earn great deal of money with altcoins, and instead of selling most of their coins and just keep their original investment there they get too greedy and lose it all? This is a very common occurrence and if we do not want this to happen to us we need to have a plan in order to deal with an unexpected windfall, regardless of the way we may have earned that money.

The big win isn't always coming so when there is an opportunity to win such, it should be well utilized. Such money is not free money like many would term it, it is also not from an illegal source that warrants it to be wasted, so it should be treated like the money that someone sweated for. This is possible only if we appreciate the big win rather than being subjected to emotions where people waste it one way or the other simply because they believe they got it cheaply through gambling. If the money is big enough, some people could even start a business with it, but if that is not your calling, why not try investing online, or buying land and properties with it?

One could also buy assets like gold with it so that when they see it, they will know that this is from their big winning from gambling and they can forever remember and appreciate it better that way. Not wasting it in the bar, clubs and other places, or gifting friends anyhow, that is a waste. However, gambling continues still, one should not because they had won big totally abandon gambling, they can continue with a small fraction of that money as it will also be unwise to commit a bit amount or all their winnings back to it.

I have heard and seen a gambler who gambles with money from selling his valuables but that is for gamblers who are irresponsible and cannot manage their finances but like the OP I am sure he is someone who can manage his finances well even though he spends his money to buy electronic goods but of course he has set aside a little money to gamble the next day without having to worry about getting money to gamble and for me spending the winnings to buy electronic goods or other items that have benefits for himself is the best way to spend money rather than taking another risk on investment which produces results but still takes a big risk.

It all depends on how a gambler manages his finances. as I said before, if a gambler can manage his finances well, he will not have problems in terms of budgeting for gambling and will not have problems spending his winnings to buy valuable items.

I think while there is a big win the gambler should reinvest the fund in another space so that there might be a potential income so that the person does not need to worry when there is a loss on the gambling or there is no profit on the gambling. And from the earning the person can fulfill their small dream.