crwth (OP)
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December 11, 2016, 02:26:14 PM |
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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?
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audaciousbeing
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December 11, 2016, 02:30:18 PM |
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Winnings does not mean being rich. If I put 1btc and win 1.2btc does not amount to being rich as the amount I won is not enough to make me rich. The reason why it is generally agrees that you can't be rich through gambling is because before that winning, do you how many losses I have to live with subtracting that from the winnings, I am still at deficit so what I will do is withdraw the amount or sometimes you will be tempted to wager the winning then still lost everything depending on the attitude of the individual involved.
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milewilda
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December 11, 2016, 02:33:44 PM |
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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?
Mindset and aims of becoming rich on gambling is always there and most people would really have that intention thats why we play gambling because this is the fast way to earn money but thats not always the case and the results are somehow expected and that is lossing money. In my own situation on which i do earn or win amounts on playing gambling i just keep it or save it for future use either for personal or for gambling again but mostly will go to buying things. |
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nelson4lov
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December 11, 2016, 02:47:48 PM |
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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  |
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Red-Apple
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December 11, 2016, 02:52:07 PM |
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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.
i may have misunderstood what you are trying to say here but you should always try to gamble only for entertainment not to get rich. you may even gamble for profit (although i don't suggest it) but never to get rich. the only way you may get rich with gambling is if you win the lottery and we all know the chances of that happening is so small. If you would have a winning bet that would give you a lot of profit, what would you do with it?
it would be money so i would do the same thing i do with money! depending on the amount it goes in my hot wallet if small or cold storage if it was big and possibly i buy something nice with it. |
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shanem
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December 11, 2016, 02:53:15 PM |
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I will keep a portion of my winnings into my personal fund. Then I will use the remaining to fund my bankroll. Anyway, I don't really bet big so my winnings and losses are not big enough to affect me. Taking profit is very important in gambling no matter how much you are wagering.
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btcdevil
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December 11, 2016, 02:54:34 PM |
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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?
I am a professional Sports Betting person, i have my daily limit of betting and from that limit i split it in different bets what ever i win or lose my daily limit dont change, so in long term my ROI is high, after i get triple of my invested limit i just withdraw bitcoin which i invested even i keep only my daily limit bitcoins balance i keep it in other wallet for future betting if anyday my bad day i lose daily limit i have to use the reserve limit for next day betting. |
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sabbirshm
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December 11, 2016, 02:57:24 PM |
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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?
I always dont get profit.Sometimes i got few btc by gambling.If i get huge profit from gambling then i will try to buy some digital goods on online through bitcoin.Again,i will spend some money on my late night party.I dont wanna save those on cold wallet because i have enough money to cheers!  |
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hawkins
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December 11, 2016, 03:09:59 PM |
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when I win, I guess the best thing I do is to enjoy it, and save or redeem the money I got. when you win a gambling game, especially when you're betting in large amounts, it will make you confused. will probably get two choices, go play or not. but I prefer not, and enjoy the fruits of my game. |
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d@nte
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December 11, 2016, 03:27:15 PM |
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I will keep a portion of my winnings into my personal fund. Then I will use the remaining to fund my bankroll. Anyway, I don't really bet big so my winnings and losses are not big enough to affect me. Taking profit is very important in gambling no matter how much you are wagering.
Even in trading, taking advantage of small profits is very important. One should not let greed take too much space, and must be cautious to recognize the limitations. Whether in glambling or in investments, a step in the wrong place can be very costly if the individual does not recognize the risks. |
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crwth (OP)
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December 11, 2016, 03:31:10 PM |
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Winnings does not mean being rich. If I put 1btc and win 1.2btc does not amount to being rich as the amount I won is not enough to make me rich. The reason why it is generally agrees that you can't be rich through gambling is because before that winning, do you how many losses I have to live with subtracting that from the winnings, I am still at deficit so what I will do is withdraw the amount or sometimes you will be tempted to wager the winning then still lost everything depending on the attitude of the individual involved.
Yeah, I understand that. That's not what I asked also. What if you had won a profit, for example, your 1 BTC turned into 22 BTC (betting on the underdog with lots of guts). What would you do with it? That's what I'm asking about here in this thread. |
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crwth (OP)
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December 11, 2016, 03:49:39 PM |
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Mindset and aims of becoming rich on gambling is always there and most people would really have that intention thats why we play gambling because this is the fast way to earn money but thats not always the case and the results are somehow expected and that is lossing money. In my own situation on which i do earn or win amounts on playing gambling i just keep it or save it for future use either for personal or for gambling again but mostly will go to buying things.
Yeah, do you have that mindset as well? It's hard not to think of wanting to get rich even if Gambling is not the purpose of it. But it just happens that you lose money because of greediness I guess. Have you experienced winning than buying some item that you really want and have you saved some? |
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crwth (OP)
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December 11, 2016, 03:55:45 PM |
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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 Yeah! This is what I was talking about. So you earn bitcoins for your education? That's really nice. I'm inspired to see people who had discovered bitcoin to support themselves. I salute you! What skills are you talking about? Let's hope to win always a jackpot! |
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Shinpako09
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December 11, 2016, 04:09:36 PM |
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Currently, im earning btc for me to have a money whenever there is a sale in the mall. Thats what my money goes from btc gambling. But next year I would have change it gonna use the money for looking a job.
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crwth (OP)
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December 11, 2016, 04:09:54 PM |
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i may have misunderstood what you are trying to say here but you should always try to gamble only for entertainment not to get rich. you may even gamble for profit (although i don't suggest it) but never to get rich.
Well yeah, that's what I also thought about and that's what everybody is saying. I hope we could get even more profit from it, from betting small parts. Well that's it. it would be money so i would do the same thing i do with money! depending on the amount it goes in my hot wallet if small or cold storage if it was big and possibly i buy something nice with it.
What kind of things do you plan to buy or already bought something? |
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crwth (OP)
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December 11, 2016, 04:16:49 PM |
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I will keep a portion of my winnings into my personal fund. Then I will use the remaining to fund my bankroll. Anyway, I don't really bet big so my winnings and losses are not big enough to affect me. Taking profit is very important in gambling no matter how much you are wagering.
I see. Personal fund meaning is only spending it on necessities like groceries, utilities, and other necessities. I am also planning to have my bankroll, and I just don't know how much should I start. I would want to learn how to wager smarter eventually. :* |
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NorrisK
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December 11, 2016, 04:33:01 PM |
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I would definatively withdraw the vast majority of the winnings and use it to invest in something like a house, bitcoin or stocks.
Statistics are not in your favor, so if you win big, don't push it but take the winnings and use it to your advantage.
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Superways
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December 11, 2016, 04:38:25 PM |
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That is interesting topic you started. yes t is possible hat someone win and win every time if he is lucky to play with a weak opponent and if you find that money enough for starting a business or is enough to buy a luxurious thing for your life then you have to withdraw them but if you find them not enough to get some beneficial thing and you think that you can earn further if you play more then you have to continue.
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Golftech
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December 11, 2016, 04:41:51 PM |
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I would definatively withdraw the vast majority of the winnings and use it to invest in something like a house, bitcoin or stocks.
Statistics are not in your favor, so if you win big, don't push it but take the winnings and use it to your advantage.
for me i agree with your idea mate if you win you must think wisely on how to use your winnings so instead of playing back and try your luck much better to invest it to something that might be profitable those two examples are good placing your money with the house or investing it even inside alt trading better to deal with this instead of losing it again. |
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crwth (OP)
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December 11, 2016, 04:41:59 PM |
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I am a professional Sports Betting person, i have my daily limit of betting and from that limit i split it in different bets what ever i win or lose my daily limit dont change, so in long term my ROI is high, after i get triple of my invested limit i just withdraw bitcoin which i invested even i keep only my daily limit bitcoins balance i keep it in other wallet for future betting if anyday my bad day i lose daily limit i have to use the reserve limit for next day betting.
For a professional sports betting person, how do you research on bets and how do you manage to do that? How much limit do you also have? So what is your biggest win then? What did you do with it? I agree with your withdrawal style of making it triple before withdrawing it. I would try to do that myself. |
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