What would you do with your winnings? - page 69.

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Quote from: crwth on January 19, 2017, 02:08:43 PM

Quote from: boyptc on January 16, 2017, 06:16:49 AM

Quote from: FFrankie on January 15, 2017, 03:24:47 PM

I think everyone here is a fool to think that they do not take their winnings and simple turn them into losings. I win some, I lose a lot, I have fun in a process thats what it is all about, right?

I am not that type of player that doesn't secure and take my winnings. I always use to plan immediately on what I'm going to do with my winnings. And most of the time I'm saving it and whenever I had enough, I will stop for awhile because I don't want that my winnings will be get back by the house. It may be fun to win some but losing a lot, I don't think so.

Well, you should be the type of player that saves. I'm trying to be that guy, hoping that in the future, you could use it for a better purpose maybe for buying what you want because you deserve it. Always buy first what you need then buy what you want. It's better to win small amounts rather than lose it all. I'm practicing my patience and strategies when it comes to gambling.

I always send my winning money to my bank account. That's the best and secure ways to lock our profit. Will start again when I got some satoshi from signature campaign or from other type of giveaways. So, I am on the right path, aren't I?

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Quote from: boyptc on January 16, 2017, 06:16:49 AM

Quote from: FFrankie on January 15, 2017, 03:24:47 PM

I think everyone here is a fool to think that they do not take their winnings and simple turn them into losings. I win some, I lose a lot, I have fun in a process thats what it is all about, right?

I am not that type of player that doesn't secure and take my winnings. I always use to plan immediately on what I'm going to do with my winnings. And most of the time I'm saving it and whenever I had enough, I will stop for awhile because I don't want that my winnings will be get back by the house. It may be fun to win some but losing a lot, I don't think so.

Well, you should be the type of player that saves. I'm trying to be that guy, hoping that in the future, you could use it for a better purpose maybe for buying what you want because you deserve it. Always buy first what you need then buy what you want. It's better to win small amounts rather than lose it all. I'm practicing my patience and strategies when it comes to gambling.

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Quote from: nelson4lov on December 11, 2016, 09:47:48 AM

If I should win a huge amount, I would use it to complete my Education & also upgrade my skills since these are areas I'm poor at. Gambling doesn't make you rich until you hit a Jackpot Cheesy

It is really nice to invest your winnings through education because this is one of the biggest achievement in your life and if your really dedicated to be rich, you will work hard for it and not to wait for you to become a millionaire through gambling. Or make some business that is suitable for you to earn big and never gonna have bankruptcy.

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Quote from: Kotone on January 19, 2017, 10:02:11 AM

I saved them for the next gambling activity haha i want to earn from another day if i lost i try to deposit again and chase that money of mine its like when you lose try again if you win withdraw as simple as that, even i get low profit atleast i have and i can called it profit from my hard work.

You surely are a tough gambler and always manage to make your winnings as your capital for your next gambling game. It is going to be better if you are going to save that winnings for real. And let your capital for your past gambling will be the one that is going to be used for your continuous gambling activity again and again.

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Quote from: crwth on December 11, 2016, 09:26:14 AM

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?

Depends how much money we're talking about. If it was a big win like $50,000 or something then I'd use it as a deposit for a house.

If we're talking a couple of hundred dollars then pay bills or something boring.

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Quote from: Kotone on January 19, 2017, 10:02:11 AM

I saved them for the next gambling activity haha i want to earn from another day if i lost i try to deposit again and chase that money of mine its like when you lose try again if you win withdraw as simple as that, even i get low profit atleast i have and i can called it profit from my hard work.

Well you are right with that mate its better to save it even its just a small amount of winnings better than losing a bankroll its also enjoyable seeing that your bankroll is increasing and showing that you are achieving some good amount.

Kotone

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I saved them for the next gambling activity haha i want to earn from another day if i lost i try to deposit again and chase that money of mine its like when you lose try again if you win withdraw as simple as that, even i get low profit atleast i have and i can called it profit from my hard work.

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Quote from: wxa7115 on January 18, 2017, 12:43:58 PM

Quote from: EdenHazard on January 17, 2017, 10:08:33 PM

Quote from: LuanX3 on January 17, 2017, 08:46:28 PM

Quote from: boyptc on January 17, 2017, 08:40:00 PM

Quote from: dylanc on January 17, 2017, 05:23:42 PM

Hopefully, I will have the good sense to invest it in something worthwhile.

That's a good way of using your winnings but to be specific what is/are the investments that you think that can be worthwhile for you? For me, I will use it for trading and I will save it for holding and if I keep on winning, I will use some of it for using as my capital in gambling so that my capital will be safe already.

Trading is a good way of retaining your wealth and possibly increasing it too. You just have to learn how to trade though, at first it will be hard to learn it and you will lose some money. Don't worry it's part of the learning curve. Then you can also try to invest in casinos. It's a good long term investment too.

instead to make your gambling earning for trading which for me it is a similar thing , trading = gambling at some point. will be better to invest it all on something like gold or in store your profit to buy bitcoin and hold it!

you should have a passive income beside an active income, then the answer is to invest it on something real.

Trading is not equal to gambling, when you gamble you have no way to predict the outcome, but in trading you can with the use of tools, analysis and math you can begin to predict with a certain degree of accuracy how the market is going to move.

i never say trading equals to gambling anyway Roll Eyes

, pretty clear i say similar.

means at some point there is a same thing but also a lot of different thing. both are actually about predicting , the one predict the market price and the other predict on the outcome. so i will not make my gambling earning for trading, will never.

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Quote from: Finestream on January 18, 2017, 11:02:34 PM

Quote from: shintosai on January 18, 2017, 10:11:24 PM

Quote from: michkima on January 18, 2017, 08:26:23 PM

Quote from: bhadz on January 18, 2017, 08:14:25 PM

Quote from: OshiHugo on January 18, 2017, 03:47:51 PM

Does anyone here do gambling for living?

There are people who are for sure gambling for living, if those gambling operators / owners will be considered, then they are counted as making gambling industry for their own living. Also there are few individuals in this world that are making it as source of their main income, just like those people who are joining poker tournaments and hoping to win millions of bucks.

I think they are not gambling for a living. They are operating a gambling site for a living, that's a better description of them. What I think is a person that gambles for a living are people that actually gamble in casinos or some sort of gambling facility. Maybe a real life example is Dan Bilzerian. He's filthy rich from gambling, go google him!

they are also some small time gamblers who manage to earn some bucks from gambling not aiming for a big hit but just continue life and enjoy, i know that its hard for most of us but experience teach them to take advantage learning your edge from the long period of doing it might help to achieve liing from your gambling activity.

If I am in the situation where I could make money in gambling consistently, I would not go for small money only, I will also go big and abuse the gambling sites using my skills. We can take advantage on the gambling sites and that is what our mind says but in real life we are not getting a good results we are aiming, honestly, I gamble for money back then but I was upset as despite of the effort I made I cannot still find the right formula to win in the long run.

That formula wont really be find or invented and its not only you is the one whos searching for that but all gamblers because they really like to make money out of gambling that's why they do play gambling for profits.If we won already on a certain game we should really secure our profits and use it,diversify it on something to continue for more profits and use it for other investments.

Gustavv

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Imo gambling is to get profita not to get entertainment, because not funny if we only wamt enjoy gambling and should risk our money
if i win huge amount i will cashout it no need to get more and more it will risku better back again next time enjoy the winning first

Finestream

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Quote from: shintosai on January 18, 2017, 10:11:24 PM

Quote from: michkima on January 18, 2017, 08:26:23 PM

Quote from: bhadz on January 18, 2017, 08:14:25 PM

Quote from: OshiHugo on January 18, 2017, 03:47:51 PM

Does anyone here do gambling for living?

There are people who are for sure gambling for living, if those gambling operators / owners will be considered, then they are counted as making gambling industry for their own living. Also there are few individuals in this world that are making it as source of their main income, just like those people who are joining poker tournaments and hoping to win millions of bucks.

I think they are not gambling for a living. They are operating a gambling site for a living, that's a better description of them. What I think is a person that gambles for a living are people that actually gamble in casinos or some sort of gambling facility. Maybe a real life example is Dan Bilzerian. He's filthy rich from gambling, go google him!

they are also some small time gamblers who manage to earn some bucks from gambling not aiming for a big hit but just continue life and enjoy, i know that its hard for most of us but experience teach them to take advantage learning your edge from the long period of doing it might help to achieve liing from your gambling activity.

If I am in the situation where I could make money in gambling consistently, I would not go for small money only, I will also go big and abuse the gambling sites using my skills. We can take advantage on the gambling sites and that is what our mind says but in real life we are not getting a good results we are aiming, honestly, I gamble for money back then but I was upset as despite of the effort I made I cannot still find the right formula to win in the long run.

shintosai

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Quote from: michkima on January 18, 2017, 08:26:23 PM

Quote from: bhadz on January 18, 2017, 08:14:25 PM

Quote from: OshiHugo on January 18, 2017, 03:47:51 PM

Does anyone here do gambling for living?

There are people who are for sure gambling for living, if those gambling operators / owners will be considered, then they are counted as making gambling industry for their own living. Also there are few individuals in this world that are making it as source of their main income, just like those people who are joining poker tournaments and hoping to win millions of bucks.

I think they are not gambling for a living. They are operating a gambling site for a living, that's a better description of them. What I think is a person that gambles for a living are people that actually gamble in casinos or some sort of gambling facility. Maybe a real life example is Dan Bilzerian. He's filthy rich from gambling, go google him!

they are also some small time gamblers who manage to earn some bucks from gambling not aiming for a big hit but just continue life and enjoy, i know that its hard for most of us but experience teach them to take advantage learning your edge from the long period of doing it might help to achieve liing from your gambling activity.

michkima

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Quote from: bhadz on January 18, 2017, 08:14:25 PM

Quote from: OshiHugo on January 18, 2017, 03:47:51 PM

Does anyone here do gambling for living?

There are people who are for sure gambling for living, if those gambling operators / owners will be considered, then they are counted as making gambling industry for their own living. Also there are few individuals in this world that are making it as source of their main income, just like those people who are joining poker tournaments and hoping to win millions of bucks.

I think they are not gambling for a living. They are operating a gambling site for a living, that's a better description of them. What I think is a person that gambles for a living are people that actually gamble in casinos or some sort of gambling facility. Maybe a real life example is Dan Bilzerian. He's filthy rich from gambling, go google him!

bhadz

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Quote from: OshiHugo on January 18, 2017, 03:47:51 PM

Does anyone here do gambling for living?

There are people who are for sure gambling for living, if those gambling operators / owners will be considered, then they are counted as making gambling industry for their own living. Also there are few individuals in this world that are making it as source of their main income, just like those people who are joining poker tournaments and hoping to win millions of bucks.

crwth

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Quote from: stadus on January 16, 2017, 06:10:23 AM

Quote from: FFrankie on January 15, 2017, 03:24:47 PM

I think everyone here is a fool to think that they do not take their winnings and simple turn them into losings. I win some, I lose a lot, I have fun in a process thats what it is all about, right?

For sure we do not think that way, what we think is we lose in the long run due to the house edge. If you believe you can win in gambling and you have proven it then you are exceptional as only few can do that. But do not ever think that it would be very easy for others to follow your path.

Due to the mere fact that most gamblers are losers, we tend to convince ourselves that gambling is only for fun.

That's true; we lose in the long run because of the house edge. If you have managed to make a strategy that maintains that, that's okay. You can win over the house edge by gambling small amounts; you will arrive at a point with a long lose streak and still win if you have a great strategy. Yeah, that's what everyone says, it's only for entertainment, is it really?

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Quote from: error08 on January 18, 2017, 05:06:59 PM

Quote from: crwth on December 11, 2016, 09:26:14 AM

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?

Most of us will do the same thing to withdraw the initial funds and go on with the profits.
The intended to gamble must be to get profits instead of just losing the money, so if I get a lot of profit than it should be use to make another profits. I may win or lose but at least my initial funds had separated and save in wallet.

to me it depend on the profit that come from gambling. i reserve 50 % for gambling in case i lost my own invested money, and the remaining 50 % i use for shopping completing other daily needs and pocket money, and if the profit is a good one the i deposit it in my bank account.

error08

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Quote from: crwth on December 11, 2016, 09:26:14 AM

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?

Most of us will do the same thing to withdraw the initial funds and go on with the profits.
The intended to gamble must be to get profits instead of just losing the money, so if I get a lot of profit than it should be use to make another profits. I may win or lose but at least my initial funds had separated and save in wallet.

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I think all of us often lose in gambling and only a few are sometimes lucky enough to win a considerable amount, I myself usually gamble and when I win I don't withdraw until reaching my goal, yes when I gamble at first I set a goal which is an amount and only if I reach that goal then I withdraw everything.

Quote from: OshiHugo on January 18, 2017, 03:47:51 PM

Does anyone here do gambling for living?

There are a few that I know of counting on gambling earnings but other than admins and casino owners I think depending on gambling for an income source for living is the definition of being stupid or desperately foolish.

OshiHugo

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Does anyone here do gambling for living?

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Quote from: wxa7115 on January 18, 2017, 12:43:58 PM

Quote from: EdenHazard on January 17, 2017, 10:08:33 PM

Quote from: LuanX3 on January 17, 2017, 08:46:28 PM

Quote from: boyptc on January 17, 2017, 08:40:00 PM

Quote from: dylanc on January 17, 2017, 05:23:42 PM

Hopefully, I will have the good sense to invest it in something worthwhile.

That's a good way of using your winnings but to be specific what is/are the investments that you think that can be worthwhile for you? For me, I will use it for trading and I will save it for holding and if I keep on winning, I will use some of it for using as my capital in gambling so that my capital will be safe already.

Trading is a good way of retaining your wealth and possibly increasing it too. You just have to learn how to trade though, at first it will be hard to learn it and you will lose some money. Don't worry it's part of the learning curve. Then you can also try to invest in casinos. It's a good long term investment too.

instead to make your gambling earning for trading which for me it is a similar thing , trading = gambling at some point. will be better to invest it all on something like gold or in store your profit to buy bitcoin and hold it!

you should have a passive income beside an active income, then the answer is to invest it on something real.

Trading is not equal to gambling, when you gamble you have no way to predict the outcome, but in trading you can with the use of tools, analysis and math you can begin to predict with a certain degree of accuracy how the market is going to move.

Certain degree of accuray but not precisely right? You can predict price in trading but the prediction does not turn to be always right instead often time opposite happens. Aside from that time frame is also a factor which gambling factored out. In gambling you can win instantly unless you are up to a scheduled lottery. I am not saying gambling is better but there are factors where gambling is better against trading.

Topic: What would you do with your winnings? - page 69. (Read 29928 times)