Topic: What would you do with your winnings? - page 59. (Read 29928 times)
Ilove spending my profits from good ma and items frim internet i always shopping it or exchangeing it into foat currency to use it on my personal purposes like paying my tuition fee or other things that can be done with it.
When I have a decent sized win I normally take 50% of the profit and invest it into Alts that I think will make me a return in the long term. That is how I have built up a nice Altcoin portfolio when I win big, the rest I add towards my bankroll so that I can continue to keep betting even if I have a couple of bad days in a row like i have been having betting on the NBA.
I do the same just to make sure I have a win whenever I take out my bankroll. I have an attitude of withdrawing the bankroll if it gets 2x taking the 50% profit with the withdrawn bankroll. This way I can still play, while preserving 50% of my win.
That's the way to go about it as I sometimes see people take the whole amount of profit and spend it but I say what happens if you have a few bad days in a row which can happen. They simply just add money from their own pocket to make up for the loss but if they took at least 50% of that profit and put it towards their bankroll then there would be no need to use money from their own pocket. I still have my bankroll from a few years ago when I first started betting. I must admit I did have a lot of luck on my side when I first started betting on my countries Football games as I know this sport very well. And now I bet on US sports and European football, I must admit I'm not 100% that good at it just yet but I'm slowly getting there as it takes time to get used to the teams and players as it's always changing in this sport.
When I have a decent sized win I normally take 50% of the profit and invest it into Alts that I think will make me a return in the long term. That is how I have built up a nice Altcoin portfolio when I win big, the rest I add towards my bankroll so that I can continue to keep betting even if I have a couple of bad days in a row like i have been having betting on the NBA.
I do the same just to make sure I have a win whenever I take out my bankroll. I have an attitude of withdrawing the bankroll if it gets 2x taking the 50% profit with the withdrawn bankroll. This way I can still play, while preserving 50% of my win.
When I have a decent sized win I normally take 50% of the profit and invest it into Alts that I think will make me a return in the long term. That is how I have built up a nice Altcoin portfolio when I win big, the rest I add towards my bankroll so that I can continue to keep betting even if I have a couple of bad days in a row like i have been having betting on the NBA.
Many gamblers really are trying hard to control their greediness over money and that is really hard, money is power, you have money you have power that's why its hard to stop gambling. Imagine having a winning roll and you are holding a thousand dollars from 10$ it is hard to stop right? You still want to test your luck and aim for 2000$ but the thing is it is a expectation which lead to regret.
Now I am confused. Shouldn't they preserve that power instead of gambling it to earn more power or lose all that power?
I will always save money or BTC whenever I got a decent winnings. I always try to quit while I am winning to sign out of the site with a win. It is not that hard if we are able to control ourselves regarding being greedy.
I spend all my winnings paying for things I need or to keep aside for something like of my car breaks down. I am not much of a gambler so the winnings are not much that is why I mostly use it to pay for small things like digital purchases. I normally will move my winnings to a different wallet or I'll just gamble it somewhere else.
the best thing to do so that you get the maximum benefit is to save and spend Part of the money you get from gambling for your everyday needs. Use the rest of the money you get to gamble, so you can still meet your needs and can also play your hobby. Do not spend all the money you get to gamble, it will only be wasting your money only.
if you have good management with your money and you can control your self not to over use what you've got and the best practice should be keep put limits on your bankroll set expectations with that you will be able to enjoy those winnings together with your gambling activity.
I have seen even the most talented and professional guys and they also even cannot manage their bankroll and other things, so I agree with @kodes88 that money should be taken out of that cycle asap.
I spend all my winnings paying for things I need or to keep aside for something like of my car breaks down. I am not much of a gambler so the winnings are not much that is why I mostly use it to pay for small things like digital purchases. I normally will move my winnings to a different wallet or I'll just gamble it somewhere else.
the best thing to do so that you get the maximum benefit is to save and spend Part of the money you get from gambling for your everyday needs. Use the rest of the money you get to gamble, so you can still meet your needs and can also play your hobby. Do not spend all the money you get to gamble, it will only be wasting your money only.
if you have good management with your money and you can control your self not to over use what you've got and the best practice should be keep put limits on your bankroll set expectations with that you will be able to enjoy those winnings together with your gambling activity.
I have seen even the most talented and professional guys and they also even cannot manage their bankroll and other things, so I agree with @kodes88 that money should be taken out of that cycle asap.
The best thing we have to do is we have to keep our profits in safe place and again i will start gambling with the investment i made into it. Because we have to control ourselves not to invest with all the money we got through gambling. We have to set some rule to control ourselves not to play with winning money.
it depend on the amount, if i won a huge amount that let me retire comfortably for the rest of my life, i would keep the money and never gamble again,otherwise i would keep gamble again and again with the other amount remained, in the first case i don't need to contorl myself, in the latter yes
everyone dreams of retiring but i don't think gambling can make your dream come true, because winning a huge amount off gambling is very rare.
i am gonna make withdraw and send it into the exchange which i can use it to sell in fiat and then i will use it to buy bitcoin when i see the price is lower. i am prefer to withdraw into my bank account if i can have more than $30 in my exchange account so i can reduce the fee for withdraw.
Cool idea friend and I also plan such things when I initially deposit but as I win my plans keep changing like if I have made $20 profit I think lets withdraw to bank ( a local buyer actually ) and I will buy some things for myself when I actually make that $20 then I cannot resist the temptation and set new goal like for 50$ and so on, unless I loose. In rare cases though my brain is balanced enough to cash the winnings
The best thing we have to do is we have to keep our profits in safe place and again i will start gambling with the investment i made into it. Because we have to control ourselves not to invest with all the money we got through gambling. We have to set some rule to control ourselves not to play with winning money.
Yes it is the best thing to do. Make sure that your winnings will be stored on a secured place where you can use it again for more valuable things. Don't just gamble with it again because that can lose immediately. I experienced to win good amount in playing online poker but because of my ignorance with my profit, I lose them all together with my capital.
Always consider all the important things to win, this is not a short journey but seek for a longer term.
The best thing we have to do is we have to keep our profits in safe place and again i will start gambling with the investment i made into it. Because we have to control ourselves not to invest with all the money we got through gambling. We have to set some rule to control ourselves not to play with winning money.
Yes it is the best thing to do. Make sure that your winnings will be stored on a secured place where you can use it again for more valuable things. Don't just gamble with it again because that can lose immediately. I experienced to win good amount in playing online poker but because of my ignorance with my profit, I lose them all together with my capital.
The best thing we have to do is we have to keep our profits in safe place and again i will start gambling with the investment i made into it. Because we have to control ourselves not to invest with all the money we got through gambling. We have to set some rule to control ourselves not to play with winning money.
it depend on the amount, if i won a huge amount that let me retire comfortably for the rest of my life, i would keep the money and never gamble again,otherwise i would keep gamble again and again with the other amount remained, in the first case i don't need to contorl myself, in the latter yes
The best thing we have to do is we have to keep our profits in safe place and again i will start gambling with the investment i made into it. Because we have to control ourselves not to invest with all the money we got through gambling. We have to set some rule to control ourselves not to play with winning money.
i am gonna make withdraw and send it into the exchange which i can use it to sell in fiat and then i will use it to buy bitcoin when i see the price is lower. i am prefer to withdraw into my bank account if i can have more than $30 in my exchange account so i can reduce the fee for withdraw.
Withdrawal fees is a problem for me too that is why I often try to use my bitcoin directly for my needs like I recharge my mobile phone directly with bitcoin and along with that I often shop from those stores where bitcoin is accepted as payment with that I do not pay the higher withdrawal fees to the exchanges and to the banks etc. 
I've read here a lot about "Gambling doesn't make you rich" So I thought about it, and it does make sense. So what do you feel about gambling then? Just entertainment? I think that's not everybody's mindset.
In the back of my mind, I want to be rich but not because of gambling. But when I gamble, I still always want to win. So when you always win, you become more rich and more risk will be involved. Anyway, if I would earn a winning bet that would have a lot of profit from, I would withdraw the initial bet or the bitcoins I deposited to get it back, then still gamble.
If you would have a winning bet that would give you a lot of profit, what would you do with it?
Good thinking , but in my opinion you can't became rich through your gambling job , instead of getting profit you will lost in the last .In the back of my mind, I want to be rich but not because of gambling. But when I gamble, I still always want to win. So when you always win, you become more rich and more risk will be involved. Anyway, if I would earn a winning bet that would have a lot of profit from, I would withdraw the initial bet or the bitcoins I deposited to get it back, then still gamble.
If you would have a winning bet that would give you a lot of profit, what would you do with it?
Here I will suggest you to start own casino if you want to be rich from gambling because without owning a casino you will only loss money .
Secondly if you got some better profit with the winning bet then use 60% of the profit for the gambling and withdraw all of your investment in gambling . Because in this way your profit became sure and you can play more gambling game without any mind pressure of loss money .
Here I will give you suggestion that always gamble with stretagy and tricks which turned you loss into profit or you can say maximize your chances of winning .
i am gonna make withdraw and send it into the exchange which i can use it to sell in fiat and then i will use it to buy bitcoin when i see the price is lower. i am prefer to withdraw into my bank account if i can have more than $30 in my exchange account so i can reduce the fee for withdraw.
i think that is a great idea on managing your winnings or profits but i dont win really much on these gambling especially when i am mad. I just win a small amout really like .0000010, something like that because in online gambling, i just use faucets and free rolls.It is very right and true fact that whatever we take out of gamble is the actual win while what we gamble again is what we will surely loose. So the more we can withdraw in real life or even bitcoins ( lock them in a wallet maybe ) that is the actual profit. Guy winning 1 bitcoin is not a winner if he losses it next day while a guy winning 0.01 is a winner if he worths it.
It is silly, if you win then you win no matter what you do with your winning. Even if you spend it again on gambling that doesnt matter because you win and it is your fault for not stopping. Some people dont really care wether they win or lose and they just keep going until they feel satisfied, at this point it means reaching the amount that they are satisfied with
It is very right and true fact that whatever we take out of gamble is the actual win while what we gamble again is what we will surely loose. So the more we can withdraw in real life or even bitcoins ( lock them in a wallet maybe ) that is the actual profit. Guy winning 1 bitcoin is not a winner if he losses it next day while a guy winning 0.01 is a winner if he worths it.
It is silly, if you win then you win no matter what you do with your winning. Even if you spend it again on gambling that doesnt matter because you win and it is your fault for not stopping. Some people dont really care wether they win or lose and they just keep going until they feel satisfied, at this point it means reaching the amount that they are satisfied with
I spend all my winnings paying for things I need or to keep aside for something like of my car breaks down. I am not much of a gambler so the winnings are not much that is why I mostly use it to pay for small things like digital purchases. I normally will move my winnings to a different wallet or I'll just gamble it somewhere else.
the best thing to do so that you get the maximum benefit is to save and spend Part of the money you get from gambling for your everyday needs. Use the rest of the money you get to gamble, so you can still meet your needs and can also play your hobby. Do not spend all the money you get to gamble, it will only be wasting your money only.
i am gonna make withdraw and send it into the exchange which i can use it to sell in fiat and then i will use it to buy bitcoin when i see the price is lower. i am prefer to withdraw into my bank account if i can have more than $30 in my exchange account so i can reduce the fee for withdraw.
i think that is a great idea on managing your winnings or profits but i dont win really much on these gambling especially when i am mad. I just win a small amout really like .0000010, something like that because in online gambling, i just use faucets and free rolls.Lol i think instead of thinking on what you will do with your winnings, you need to manage your emotion first. If you are successful with managing your emotion then managing money will be much easier for you to do
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