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Author Topic: What would you do with your winnings?  (Read 29833 times)
crwth (OP)
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January 15, 2017, 04:38:13 PM
 #221

just as you said
" If you would have a winning bet that would give you
a lot of profit" then you just keep betting with the profit, but to most people who does not get any profit in betting will just have to stay away from it, than having losses at all time
So you would really gamble all your earnings from the imaginary big bet that you won't? That would be disappointing if you still want to gamble with your large winnings. Ithink you should just enjoy your winnings with your family and prevent possible losses coming from gambling.

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crwth (OP)
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January 15, 2017, 04:43:55 PM
 #222

If i win, i would store it on my wallet first then after i gather enough bitcoin/satoshis. I will cash it out and put it in a bank. 'coz that's the easiest and safest vault (away from hacker). And also there is an interest on a bank. While you are putting a trust on the bank your money there will have a little interest. But it's okay at least you have a passive income. That's all my winnings go. So i think other people have many ideas where to put there winnings.
In my case, I use my cold storage to store all my winnings so I would definitely keep it and stay unspent until I have enough or possibly, at the end of the year. I'm trying to get all my winnings and limit myself even if it's a small profit. I don't intend to use banks because of the small interest rate they give and Bitcoin is actually created to prevent third parties so you would be in your control of your money.

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January 15, 2017, 05:08:25 PM
 #223

If i win, i would store it on my wallet first then after i gather enough bitcoin/satoshis. I will cash it out and put it in a bank. 'coz that's the easiest and safest vault (away from hacker). And also there is an interest on a bank. While you are putting a trust on the bank your money there will have a little interest. But it's okay at least you have a passive income. That's all my winnings go. So i think other people have many ideas where to put there winnings.
In my case, I use my cold storage to store all my winnings so I would definitely keep it and stay unspent until I have enough or possibly, at the end of the year. I'm trying to get all my winnings and limit myself even if it's a small profit. I don't intend to use banks because of the small interest rate they give and Bitcoin is actually created to prevent third parties so you would be in your control of your money.
it seems you are a smart gambler, not much of a gambler who thinks will store their money, I think this is a pretty good feeedback and possibility I will imitate because most of my winning is used for something that is not important.

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January 15, 2017, 05:13:10 PM
 #224

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?

When I win (normally small amount) I use it for paying "bus card" "charge my phone" and other little expenses that I can afford with a real or virtual credit card.
Sometimes I try to save also a 10% of each win in a cold wallet, just to not spend all funds in some bets or service

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January 15, 2017, 08:10:26 PM
 #225

For my winnings, I just keep them and not really touch it unless I feel the need to do so. I'm not a one-day millionaire and I understand that it is really hard to get a hold of these coins to begin with. I don't gamble them back once I already won a certain amount instead I just keep them on a cold storage and forget about them, just like what I do to the coins I bought and sold once I already profited a lot.

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January 15, 2017, 08:12:47 PM
 #226

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?

If i keep on winning in gambling, i would first save it.  When I have enough, I want to put up a business.  Something like supplement business and accept bitcoin as mode of payment.  My own little way of supporting Bitcoin economy.
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January 15, 2017, 08:16:08 PM
 #227

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?

If i keep on winning in gambling, i would first save it.  When I have enough, I want to put up a business.  Something like supplement business and accept bitcoin as mode of payment.  My own little way of supporting Bitcoin economy.

I would rather keep my winnings and reinvest it to gambling again to keep on winning more.  Then if I have enough, I will give part of it to my parents, and continue gambling with the rest.  I just hope I keep winning so I can give money to my parents aside from the share they get from my day job.
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January 15, 2017, 08:24:47 PM
 #228

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?
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January 16, 2017, 11:10:23 AM
 #229

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.

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January 16, 2017, 11:16:49 AM
 #230

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.



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January 16, 2017, 11:29:36 AM
 #231

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?

If i keep on winning in gambling, i would first save it.  When I have enough, I want to put up a business.  Something like supplement business and accept bitcoin as mode of payment.  My own little way of supporting Bitcoin economy.
Good idea but it is not possible that you can not win keep on in gambling. You have big bankroll you can make a huge profit, but still, it's not sure. If you can control your feelings in gambling, then it is possible you can save money and invest it in any other work. But in gambling world, there are a lot of people don't have control on their play, so they will lose their winnings in long run process. I will not make this mistake, and i will use some money for my personal use and some money for gambling.

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January 16, 2017, 11:44:06 AM
 #232

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?

If i keep on winning in gambling, i would first save it.  When I have enough, I want to put up a business.  Something like supplement business and accept bitcoin as mode of payment.  My own little way of supporting Bitcoin economy.
Good idea but it is not possible that you can not win keep on in gambling. You have big bankroll you can make a huge profit, but still, it's not sure. If you can control your feelings in gambling, then it is possible you can save money and invest it in any other work. But in gambling world, there are a lot of people don't have control on their play, so they will lose their winnings in long run process. I will not make this mistake, and i will use some money for my personal use and some money for gambling.


It's possible to win in gambling but it's hard to do it. By using our winning in a more legitimate way of making money you are taking advantage of your luck to bring your better results in the future. We do win and that is true but if we will not learn when to stop, then we will surely suffer the reality by losing in the long run. It's the same as my plan, I will quit gambling once I have raise the amount I desired for my business plan.

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January 16, 2017, 01:10:05 PM
 #233

- I will use the money won for investment, continue gambling just makes me lose all
- I want to invest in trading, it helps me make more money
- And I will buy a house, get married, and then live happily forever
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January 16, 2017, 01:30:34 PM
 #234

If you have determined how much money will you use to gamble from the beginning, and after you play to win, you'd better be split between the money you use to gamble and go back to your mistress. And should the amount of money you use to gamble has not changed from the beginning. So that you can see and calculate how much profit or loss you get for gambling.
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January 16, 2017, 01:38:02 PM
 #235

Most people would gamble their winnings. Their winnings are merely an additional capital to their gambling addiction. I'm like most people back then, but now I don't gamble anymore. If I were to enjoy some money from totally nothing but pure luck on gambling alone, I would buy myself something nice. Maybe buy some ice cream, take myself to a nice restaurant, or buy a new t-shirt. I don't have anything out of this world plan when I have winnings from gambling.

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January 16, 2017, 02:06:06 PM
 #236

Maybe I will still gamble it until my target amount will be reach. It's a just a plan since I have not experience winning a decent amount of money in gambling. The opposite is happing to me right now, I hope I can turn things around and be on the winning side in the near future.

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January 16, 2017, 02:22:03 PM
 #237

Maybe I will still gamble it until my target amount will be reach. It's a just a plan since I have not experience winning a decent amount of money in gambling. The opposite is happing to me right now, I hope I can turn things around and be on the winning side in the near future.

Well there's no guarantee that will happen dude, and the scary part there is that the more you hope to win and turn things around, there's a chance you may just get yourself in deeper trouble. For me, in case you win already a decent amount, it would be better if you use that winning to invest in something. It doesn't have to be something that you would profit from but something that would make you feel happy about your win

 
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January 16, 2017, 02:35:43 PM
 #238

Hmm im gonna use it for my personal use nor either going to save it and will be for some emergency or investment since i don't have kids yet im thinking always for my future also to my future wife i don't want her suffer. While im young and still can do multi task i will still continue earning money.
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January 16, 2017, 03:24:46 PM
 #239

The winning is used to increase the betting amount for the next events and possibly if I make few continuous winning then used to save a small amount in a separate wallet for my daily needs or for the conversion to fiat.

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January 16, 2017, 03:32:14 PM
 #240

The winning is used to increase the betting amount for the next events and possibly if I make few continuous winning then used to save a small amount in a separate wallet for my daily needs or for the conversion to fiat.
Thats my way of saving money from gambling games too, I save small amounts on separate wallets in order to save bitcoin and use it up when I want to regain my losings, Increasing your bet on a consecutive win is an technique buy you need to be aware that gambling sites has houseedge. Know our limits
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