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Author Topic: What would you do with your winnings?  (Read 29831 times)
kidsrock
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January 18, 2017, 05:10:10 PM
 #281

i think i will withdraw my bitcoin winning and buy some product like clothes, jeans, hat, make saving in my bank account and i will buy bitcoin again when the price is getting down and i am sure that i can make profit. to buy that products, i think i will have to make a big win so i can buy it.
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January 18, 2017, 05:38:53 PM
 #282

if i win a  big amount of money  i wil help my familly and invest in a litle project work and uprgrade it ..and the rest i will buy something i need it maybe and the rest i'll put it in the banc
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January 18, 2017, 05:43:58 PM
 #283

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.

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serjent05
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January 18, 2017, 07:39:49 PM
 #284

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.

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OshiHugo
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January 18, 2017, 08:47:51 PM
 #285

Does anyone here do gambling for living?

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January 18, 2017, 08:56:47 PM
 #286

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.
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.

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error08
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January 18, 2017, 10:06:59 PM
 #287

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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January 19, 2017, 12:03:57 AM
 #288

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.
crwth (OP)
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January 19, 2017, 12:59:16 AM
 #289

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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bhadz
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January 19, 2017, 01:14:25 AM
 #290

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.

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michkima
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January 19, 2017, 01:26:23 AM
 #291

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!
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January 19, 2017, 03:11:24 AM
 #292

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.

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January 19, 2017, 04:02:34 AM
 #293

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.

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January 19, 2017, 04:11:44 AM
 #294

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
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January 19, 2017, 10:30:41 AM
 #295

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.

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January 19, 2017, 02:22:32 PM
 #296

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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Kotone
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January 19, 2017, 03:02:11 PM
 #297

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.

Pamadar
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January 19, 2017, 03:07:00 PM
 #298

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.
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January 19, 2017, 03:11:04 PM
 #299

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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January 19, 2017, 03:17:34 PM
 #300

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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