Healthy mindset to save earnings from gambling

[noormcs5]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.




https://twitter.com/10XGrowthPro_/status/1677512278948859904

[Cantsay]

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

Another factor that affect litter lottery winners is the fact that they don't have any plans, and it's very easy to spend money you didn't work hard to get inappropriately. Take for example a bettor wins a lottery ticket if he doesn't have any knowledge of investment or how to make good use of the money to improve his business instead he wants to keep buying ticket hoping to win more he'll only end up with nothing.

[boyptc]

This thread should be on the Gambling discussion. --> https://bitcointalk.org/index.php?board=228.0

First of all, I think if someone's goal is to build wealth. Then, it shouldn't be pursued with gambling. I know that there are rare and lucky people that have made their wealth through gambling but, this isn't the case at most times.

But I do agree that if someone who has a rich and positive mindset and will pair it with hard work and then will upgrade to working smartly, we will see the results positively and even better if it's not with gambling.

[Stepstowealth]

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

A problem with sudden money is that it can go away as quickly as you get it because it is something you did not expect and something you have never gotten. Because you are unused to that kind of riches, now the amount you have won from gambling, in excitement you can begin to spend the money even without settling down to plan for it. It is usually after a huge amount has been spent, that is when the person begins to want to plan for what is remaining and then discovers that it is not enough again. Gambling will have to continue so maybe he can win some more.

[Oshosondy]

One thing a wise person will do is to think of a better way which is very less risky to make money after he make huge money from gambling. In gambling, huge money comes not in long term, it income at once and this makes some gamblers to spend the money anyhow they want and to use it to gamble more, they stake more. If they are wise, they will look for any other means which is not that risky to make money from.

[piebeyb]

A healthy mindset will allow us to control our emotions and keep ourselves from gambling too deep so that following passions also wastes unnecessary money, usually people who have a healthy mindset will limit their daily budget when gambling so they don't lose more money when you win big, so you can collect every win and store it properly.

That's why I prefer to prioritize changing my mindset before gambling, because to prepare money and mentally before gambling I'm definitely very prepared, but the mindset must really be straight on a healthier and more positive path because with the right mindset then when getting a win is certain we will automatically stop playing and collect money in the bankroll before withdrawing it. besides that it will be difficult to control with a bad mindset.  

[btc78]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.




https://twitter.com/10XGrowthPro_/status/1677512278948859904

But there are very few that will dedicate their mindset before gambling, most are being hooked after trying.

[Gozie51]

There is a way that you could save money from gambling earning that it will be easy and you can control your emotions on it if you make it mandatory and a decision. That method is to withdraw your winning from the casino account out to another account that you own or your wallet. I'm sure this is a good strategy because if you leave the whole of the winnings there and you keep seeing it anytime you login, your inching fingers will keep tempting to keep playing after you have lost some so long you still have balance there. The way this works is if you withdraw some, you can see the remaining balance as the only money you have to bet and you will be prudent with it. Being prudent with it means you will play carefully, reasonably with reasonable amount that you can bear the lose just like you are gambling afresh in the beginning.

If you withdraw some and leave some there is tendency that you might have a break for sometime either because you don't want to stress yourself to login into your personal account, activate your password, get email codes or phone codes and all other necessary requirements to access your wallet funds before transferring to your casino wallet. In fact, all the necessary delays could make you change your mind and have a break for sometime until your zeal, addiction etc have cooled down and by then you would have saved that part of winning that you sent out from your casino wallet.

[danherbias07]

Wow, not being a hypocrite but I think I have a rich mindset.
Recently, I won $100 by playing Crash. It took almost 12 hours being focused on the game and then I cashed it out. I never even think about it, I just enjoyed the money being with the kids, letting them play on a paid playground, and then eating dinner outside. It's fun and even if I am left with just a little amount then I will just try to increase it again by gambling slowly.
I think a rich mindset also has a number in his plan on where he would withdraw but those who are too greedy, I don't think they have a number as long as they think they can make more. It's not healthy and those are the type of people who are prone to gambling addiction.

[avp2306]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

If you are into gambling maybe forget about targeting to have a savings on your earning since maybe it will hust disappoint you if your target has not been meet.

Maybe try to be situational and try to feel if bad luck starting to occur then quit either you lose or win since from thay you can minimize the burn or even you can always take home your winnings on whatever figure it is.

[$crypto$]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

Because winning in gambling is instant, it doesn't go through a long process, even though there are many losses, but with big wins it can be called instant, so it's clear if they don't have a healthy mindset, how from this big win, of course, in the end, the money will run out how to scatter or return in gambling games.

It's very difficult to be a healthy thinker in gambling, maybe with a strong mentality they can figure out what to do with that big win, but I see other news about winning cases that tend to be more glamorous than other investments or savings.

[Wexnident]

Hmm isn't this biased? Cause I mean, lottery winners being successful with whatever stuff they did after winning isn't really reported by news outlets, however, people who fucked up big time after winning the lottery, now that's headline-worthy. Though I guess I also assume that the majority of people who win the lottery majorly fuck it up most of the time.

I'd say it's not the same with gambling though, it's just that a LOT of people like taking risks, hoping for more. It's why casinos are profitable in the first place. It's a whole nother thing if I were to describe it. Plus, even a rich person would not be able to increase the odds of their diceroll no matter how "rich" their mindset is.

[_act_]

If you withdraw some and leave some there is tendency that you might have a break for sometime either because you don't want to stress yourself to login into your personal account, activate your password, get email codes or phone codes and all other necessary requirements to access your wallet funds before transferring to your casino wallet.

You do not need to login with 2FA or any code if you are talking about wallet. It is very easy to transfer money from your wallet to a gambling site account. The confirmation time will even be faster if you use altcoins.

If you use an exchange and it has been long that you login, those kind of codes can be asked. But if active on the exchange, you may only be required for authentication code. Some people even have some addresses that they have whitelisted on an exchange which needs no authentication or password.

Discipline is very important for people that are gambling. Some people will withdraw money from a casino site and leave some. If they lose the one they have on the casino site, they will deposit the money they have withdrawn. If they lose it, they will deposit more money and continue to lose. That is just gambling unless you discipline yourself not to have a bad gambling habit.

[Solosanz]

If someone think a gambler can save earnings from gambling, their mindset are unhealthy.

You wouldn't earn money through gambling, the chance of hit the jackpot is really small and you might hit it after you spend a big amount money than you get. Any game has a house edge and you will lose in the long run. A gambler can become rich because of his monthly salary from working, not gambling, they only use small amount money for gambling.

[Ulven]

Gambling requires a healthy mentality and effective money management. Gambling winners can struggle to withdraw and keep their riches, which can be attributed to psychological and behavioural issues. However, it is crucial to understand that the results of gambling depend heavily on luck and probabilities.
Long-term success can be aided by having a strong mindset, the capacity to restrain one's emotions, and sound financial management, but it's crucial to know that gambling involves hazards. Even with a sound outlook and sound money management techniques, it is always possible to lose money.

[ajiz138]

I found an article, there were 23 lottery winners with millions of dollars, but his life became tragic in a few years.

Sources: https://www.gobankingrates.com/net-worth/bankruptcy/lottery-winners-who-lost-millions/

From what I read indeed they live increasingly crazy after winning millions of dollars they do not think of a healthy pattern let alone to invest, but more concerned with their own satisfaction by buying luxury goods in order to meet the needs of his prestige, in the end their lives become homeless and money from millions of dollars was exhausted in a few years, cases like this may be a lot.

It is still difficult to maintain wealth from gambling, I know not all the same but at the end of his They are trapped in the ugliness of his life.

[decodx]

If someone think a gambler can save earnings from gambling, their mindset are unhealthy.

You wouldn't earn money through gambling, the chance of hit the jackpot is really small and you might hit it after you spend a big amount money than you get. Any game has a house edge and you will lose in the long run. A gambler can become rich because of his monthly salary from working, not gambling, they only use small amount money for gambling.

I agree! When it comes to gambling, I'd say it's a healthy mindset is a mindset that allows you to enjoy the game. It is not a mindset that thinks you can make money from gambling, but rather one that enables you to enjoy the experience of playing.

[btc_angela]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

Sad but true, I mean if you win the lottery, maybe the first thing to do is to buy stuff, like cars, houses and other material things. And you could give some to your friends and relatives too. So they didn't think of their future, but instead becoming like what we call one day millionaire.

And as years past by, they continue to live exorbitant and there will be a time that they will realized that all the winning money is gone and all those friends and relatives that the winner gave money is not going to help them.

[swogerino]

It depends on the amount more than the healthy mindset which of course I fully agree with.Let me make you an example from the different lottery we have here,national lotteries,we have both of them running from private companies who are watched by state entities and the people who win the small amount lottery like 25.000-45.000 dollars I have never seen anyone of them going broke for the simple fact that they buy max 1-10 tickets while for the huge lottery which can go up to 700.000 dollars depending on sales I have seen many people claiming that they will do this and that and in fact they all lost it in different casinos,these people most of the time go broke because of not having that healthy mindset.So in the end it depends on the healthy mindset but also on the won amount.

[elevates]

Lottery winners before winning do not have any idea that they would ever win. That is the reason they are not prepared to suddenly get rich. When it happens they do not have any plans for the money. That is what I feel might be the reason they lose every penny that they won. I do agree with the healthy mindset you would enjoy gambling. Those who enjoy gambling never think about the loss but are there to enjoy the adrenaline rush. I also agree with your point that most are hooked on gambling.