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Author Topic: What would you do with your winnings?  (Read 29833 times)
mega
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March 05, 2017, 09:08:19 PM
 #601

I am not an regular gambler as I gamble with a small amount and that also once in a blue moon and I don't remember that I have won big someday but if I win then I would prefer to cash them out for fiat currency and spend them on my basic stuffs as if I keep on spending them on gambling again then there is a full possibility that I will loose everything that I have won so the smart thing would be either to spend that money or invest in trading.

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March 05, 2017, 09:58:18 PM
 #602

I am not an regular gambler as I gamble with a small amount and that also once in a blue moon and I don't remember that I have won big someday but if I win then I would prefer to cash them out for fiat currency and spend them on my basic stuffs as if I keep on spending them on gambling again then there is a full possibility that I will loose everything that I have won so the smart thing would be either to spend that money or invest in trading.

It is really better to cash out than let the winnings sit in the Casino.  Temptation is strong, do not test yourself with it.  In due time you will succumb to the temptation.  So it would be wise to cash out and save it.  Never put your winnings as your bankroll.  You will never win this way.
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March 05, 2017, 10:32:58 PM
 #603

If I am given a lucky day to win in a gambling game, i will prefer choose to invest the money in a profitable business which generates good passive income like fast food chains. That possibility of lucky winnings is not capable to do if you only won small amounts of bitcoin, but if the amount won reached at around 5btc and that's so awesome. Well, we really know that its so difficult to do but since you are actively gambling, don't lose your hope that the chance is always be there at your side all the time.

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March 05, 2017, 11:08:22 PM
 #604

If ever I won something big, the first time I will do is withdraw it.  Keep the 20% for savings, 10% a bankroll , 30% to investment and the remaining for daily needs.  I think I will continue to gamble with the allocated percentage and if ever I lose it all, I will stop playing gambling games.

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March 05, 2017, 11:45:33 PM
 #605

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 ever I win a gambling I'll put 50% at my bank roll, 30% for my savings and needs. And 20% for an investment. I want my funds in gambling to be huge but I won't bet a huge so that I can earn more from gambling without being bankrupt.

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March 06, 2017, 01:04:17 AM
 #606

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 ever I win a gambling I'll put 50% at my bank roll, 30% for my savings and needs. And 20% for an investment. I want my funds in gambling to be huge but I won't bet a huge so that I can earn more from gambling without being bankrupt.
That's somewhat for the small amounts I guess, when you win x2 or x3 your bankroll. But if you hit a jackpot, there are lots of possibilities that you can do with an enormous amount of money. What do you think about that? It's not safe to play anymore for me if I win a large amount, it's really hard to lose everything after all the things that you've done

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March 06, 2017, 02:09:06 AM
 #607

If ever I won something big, the first time I will do is withdraw it.  Keep the 20% for savings, 10% a bankroll , 30% to investment and the remaining for daily needs.  I think I will continue to gamble with the allocated percentage and if ever I lose it all, I will stop playing gambling games.

The most important is to set aside part of their daily needs, whether you win big or win small. When did you lose a big win again all that you get if you do not set aside part of your daily needs, especially if you're just a small win. It is not sure you're going to lose everything because of gambling can not predict the future, but at least if you put it aside most of you would not lose everything you have.
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March 06, 2017, 03:17:26 AM
 #608

If ever I won something big, the first time I will do is withdraw it.  Keep the 20% for savings, 10% a bankroll , 30% to investment and the remaining for daily needs.  I think I will continue to gamble with the allocated percentage and if ever I lose it all, I will stop playing gambling games.

The most important is to set aside part of their daily needs, whether you win big or win small. When did you lose a big win again all that you get if you do not set aside part of your daily needs, especially if you're just a small win. It is not sure you're going to lose everything because of gambling can not predict the future, but at least if you put it aside most of you would not lose everything you have.
I never think that way, I will not compromise my needs relying on my earning in gambling only because that will not come on a constant manner while our need to survive daily is necessary. Gambling winnings is only good to spent in things that you can enjoy and not necessarily for your daily needs, it's only possible if gambling is your main source of income.

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March 06, 2017, 07:42:57 AM
 #609

If ever I won something big, the first time I will do is withdraw it.  Keep the 20% for savings, 10% a bankroll , 30% to investment and the remaining for daily needs.  I think I will continue to gamble with the allocated percentage and if ever I lose it all, I will stop playing gambling games.

The most important is to set aside part of their daily needs, whether you win big or win small. When did you lose a big win again all that you get if you do not set aside part of your daily needs, especially if you're just a small win. It is not sure you're going to lose everything because of gambling can not predict the future, but at least if you put it aside most of you would not lose everything you have.
I never think that way, I will not compromise my needs relying on my earning in gambling only because that will not come on a constant manner while our need to survive daily is necessary. Gambling winnings is only good to spent in things that you can enjoy and not necessarily for your daily needs, it's only possible if gambling is your main source of income.
Well that is a good way setting aside for what you need particularly to save money for your needs.But it doesn't mean its for your everyday needs .I agree to stadus that gambling winnings is not for our daily needs, first of all gambling activity is not a job for you to spent time and to earn money for your needs .Its a very wrong situation and thinking over gambling.
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March 06, 2017, 12:36:01 PM
 #610

If ever I won something big, the first time I will do is withdraw it.  Keep the 20% for savings, 10% a bankroll , 30% to investment and the remaining for daily needs.  I think I will continue to gamble with the allocated percentage and if ever I lose it all, I will stop playing gambling games.
Such a good plan, I think you are doing an awesome job at least when time comes you will win you do not need to worry how to manage your funds. Actually that would help, not only because we won the money from gambling we just have to spend it with unnecessary things. Investing should be the main priority and I just hope always if I have a chance to win, it should be something that will satisfy me so I can start for a bigger journey.

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March 06, 2017, 02:06:44 PM
 #611

All my winnings in gambling i trade it in altcoins to get profit again. If i double my bitcoin in gambling i triple it in trading altcoins. Double income and all my profits i earned them gather them to deposit in my bank account. That is my routine every other days.
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March 06, 2017, 02:53:25 PM
 #612

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.

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March 06, 2017, 03:39:08 PM
 #613

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us


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March 06, 2017, 04:33:26 PM
 #614

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us

Exactly and that is the mistake most of the gambler does that they don't stop gambling even after they win and continue to gamble hoping that they will win every time but that is not possible and yes if you win then that amount should be invested so that it can grow safely over a period of time.
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March 06, 2017, 11:26:47 PM
Last edit: March 14, 2017, 01:11:57 PM by bitllionaire
 #615

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us

Exactly and that is the mistake most of the gambler does that they don't stop gambling even after they win and continue to gamble hoping that they will win every time but that is not possible and yes if you win then that amount should be invested so that it can grow safely over a period of time.
i think it is depending on the amount of bitcoin you make in gambling. if it is a big amount then you can even start a good and legal business with its income. i think most of the people are playing gambling in the hope to make money in gambling and then start a good new business with the winning amount. but most of the time they do not succeeded in their aims.
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March 07, 2017, 05:03:45 AM
 #616

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us

Exactly and that is the mistake most of the gambler does that they don't stop gambling even after they win and continue to gamble hoping that they will win every time but that is not possible and yes if you win then that amount should be invested so that it can grow safely over a period of time.
i think it is depending on the amount of bitcoin you make in gambling. if it is a big amount then you can even start a good and legal business with its income.
That could be great but it's hard to trust our future plan in gambling, it is better if we have different plans in gambling and in our investment because that should be treated separately. The failure in gambling will be the failure of all and I'm afraid we will not be able to get our expectation due to lack of advantage in gambling.

Anyway if it happen for you to win that big amount which will unlikely to happen if you have no decent bets to put, then it's nice to use that money in a legitimate business but do not rely on it too much.

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JL421
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March 07, 2017, 09:07:50 AM
 #617

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us

Exactly and that is the mistake most of the gambler does that they don't stop gambling even after they win and continue to gamble hoping that they will win every time but that is not possible and yes if you win then that amount should be invested so that it can grow safely over a period of time.
i think it is depending on the amount of bitcoin you make in gambling. if it is a big amount then you can even start a good and legal business with its income.
Wait starting a business don't you think that is too much , many gamblers only gamble again to keep making their loses bigger and bigger. There are very few gamblers who have actually started a business from their earnings from gambling.
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March 07, 2017, 09:47:56 AM
 #618

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us

Exactly and that is the mistake most of the gambler does that they don't stop gambling even after they win and continue to gamble hoping that they will win every time but that is not possible and yes if you win then that amount should be invested so that it can grow safely over a period of time.
i think it is depending on the amount of bitcoin you make in gambling. if it is a big amount then you can even start a good and legal business with its income.
Wait starting a business don't you think that is too much , many gamblers only gamble again to keep making their loses bigger and bigger. There are very few gamblers who have actually started a business from their earnings from gambling.

Actually it is the best way to do with a big wins.  Even if you think it is too much, there is no saying that the possibility of winning big in gambling is not impossible.  Honestly there are gamblers that have really good plan in their life and well verse with financial management, but sadly majority of them just want to either have fun or win money just to gambling again.

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March 07, 2017, 11:02:48 AM
 #619

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us

Exactly and that is the mistake most of the gambler does that they don't stop gambling even after they win and continue to gamble hoping that they will win every time but that is not possible and yes if you win then that amount should be invested so that it can grow safely over a period of time.
A little bit agree that investment often makes someone getting rich , just look at warren buffet.
He start the investment business since 11 years old and of course with small amount only. Set it as a motivation.
Gambling in the long run won't make you profitable , the winning amount from gambling will busted later if you keep doing it.
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March 07, 2017, 12:38:30 PM
 #620

Most of the winnings I save for the future and with some of it would gamble again hoping to win it more and sometimes I succeed and sometimes makes losses but its good to gamble as if luck favors then it can bring huge profits for me.
- Save for the future is good but if you want to become rich, you should invest. Hope there is a huge profit from gambling is very rare to happen and you should not believe in that. I usually use my winning to invest because money begets money, I rarely go back to gambling after winning because I know if I continue to play, I'll lose again. We should be satisfied with amount of money we win, too greedy can kill us

Exactly and that is the mistake most of the gambler does that they don't stop gambling even after they win and continue to gamble hoping that they will win every time but that is not possible and yes if you win then that amount should be invested so that it can grow safely over a period of time.
i think it is depending on the amount of bitcoin you make in gambling. if it is a big amount then you can even start a good and legal business with its income.

i am agree with you, if we win big money, then we can withdraw that amount and send it into our bank account and buy whatever we want or we can buy something in internet. but if the amount its not big, i think we can save it until we can collect more money then we can buy something.

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