Healthy mindset to save earnings from gambling

[coin-investor]

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.

The problem with people with broken mindsets is they are not ready, and they have many dreams and wish when they get rich, so when they hit the jackpot they only realize their wish and dreams and they have no plans for what to do with their huge winning, they only realize that they need to set up a business and money management when all their money are vanishing.
They travel a lot, buy luxury things even things that they don't know, we have a saying if you keep buying things that you don't need, you will end up selling things that are valuable to you.
People even if they do not have the means to set up a business should have a good money management and should have a long term goal.

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[Fivestar4everMVP]

I can't help but agree, in my lifetime I've heard several stories of how some people made millions from gambling, winning the lottery but at the end of the day, they returned back to being broke again, they say image speaks better than words, and I think  the inforgraph op shared says it more than any one of us here can say it, in gambling, any body can get so lucky and hit some major big money, but it takes a rich mindset to sustain that wealth and even pass it to the next generation.

[Sim_card]

Greed is what I guess causes lottery winners to get broke after hitting the jackpot. Addiction is a major problem as it plays a major role in a gamblers spending rate. Sometimes these lottery winners might have good plans for their wins when it comes but after hitting the jackpot,they become excited and thinks that they will be lucky again to win big and wouldn't have plans towards investing the money. Instead they will go back and keep on playing till the money gets dried up due to lack of self control.

[demonica]

When you unexpectedly become a millionaire or even a billionaire on a single day through gambling or lottery, you're not prepared on what and where are you going to use your winning money. Most of the time, the first thing gamblers do is to buy the things they want and spend a lot on their wants. Who wouldn't? You can afford to do or buy anything you want without worrying about finances since you win a big money. Also, the common mindset is that they still have plenty of money so it won't hurt gambling again. But sometimes they lost track of how much money they already spend on their continuous gambling. Sometimes gamblers tend to enjoy spending their winnings too much that they forget to allocate some of it to circulate the money and maintain the wealth they have.

[leonair]

People have a good mind and everything is good so they go gambling with a good mind they can control themselves from gambling and think well to make any decision due to which it is easy for them to overcome big losses. And through healthy mindset it is possible to think smart which is why earning from gambling is also possible. Gambling is a critical thing that can make people get rich very quickly and also make people from rich to poor very quickly. So one must start with a healthy and fresh mindset for gambling which will help in avoiding big losses. this is a good strategy to get better at gambling

[alastantiger]

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.

Financial discipline is the hallmark of every wealthy and successful person that I know. The thing with people winning the lottery or winning big monies from sports bet and squandering it within the blink of an eye is the because these people are come from poor background with a lot of financial stress. They don't know how to save and what comes to them is consumed immediately. Some have never made $100k once and so whenever luck shines on them and they win, the thing on their mind is how to fulfil their wants -  buy an expensive car, go clubbing with a bunch of escorts girls and just do dumb stuff. They only come to the realization when the money left is a couple of bucks left.

People in the category mentioned by the OP are those who gamble responsibly. They have already built up a healthy gambling pattern that they know what to do when they win money from the casino, no matter how small it it.

[Gozie51]

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.

You made a wrong analysis of the intention of the post. I only made an analysis of the way a gambler can save money by withdrawing some of his money out of the casino wallet and to his own personal wallet because leaving it there and playing from it is tempting to continue playing after losing. So if he has withdrawn some away, he may decide not to refund after losing the money he left in his wallet. I understand whotnot about 2FA . Some times we could procrastinate towards getting to refund an account so that is the purpose. Such break between losing money in casino wallet and refunding can make a bettor take some break thereby saving that money.

[Jawhead999]

It's no surprising for a lucky gambler use most of his winnings to buy every expensive things and take many vacations without need to think about the future. He might think he will become the winner when he joined the next lottery, so we all know it's completely wrong because the chance to win in lottery is almost impossible, it's very lucky for someone win a lottery for twice. He will regret after he don't have any money anymore.

[_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.

You made a wrong analysis of the intention of the post. I only made an analysis of the way a gambler can save money by withdrawing some of his money out of the casino wallet and to his own personal wallet because leaving it there and playing from it is tempting to continue playing after losing. So if he has withdrawn some away, he may decide not to refund after losing the money he left in his wallet. I understand whotnot about 2FA . Some times we could procrastinate towards getting to refund an account so that is the purpose. Such break between losing money in casino wallet and refunding can make a bettor take some break thereby saving that money.

What kind of wrong analysis than you are posting what is not absolutely correct. If you are using an exchange to save your coins, it is better you get it right now that you are not doing yourself something good. You should use a noncustodial wallet not an exchange or a custodial wallet. To send money on noncustodial wallet, it is very easy. I further explain that discipline is very important. If you are a gambler and you are truly gambling, you will know what I am talking about. To send coins from wallet to an exchange account is very easy. But if you have a gambling budget, that will help a lot. If you win, send you money out of the casino account and do not lose more than the weekly gambling budget. If I say all that, that is very correct and a valid discussion on this thread. Accept correction.

[Merit.s]

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

From my own point of view,those who win big in lottery don't invest their money into businesses because they lack someone who will advice them on what to do with the money. As a gambler,if you have someone to give you advice,you will be better of than someone who is gambling secretly and don't tell anyone about his gambling activities. Some gamblers fail to understand that winning big is about luck and will happen once in a while that no one can tell the actual time,they will use the money to live an extravagant life because they think that gambling is a job, forgetting the risk involved in it or forgetting how long they have lost before the big win

[Gozie51]

If you are using an exchange to save your coins,

Friend , the last time I checked the post you are responding to I didn't mention exchange or was I making reference to exchange wallet. You are imputing the above because I didn't mention exchange and that response was misinterpreted if you add what was not on the post.

[CarnagexD]

And oftentimes than not, it's all about what kind of person you are becoming and not how much you've won on a bet. If you've won big but don't have the proper mindset to keep that sum of money, you will just lose it again or give it back to the casino losing all your wins. But if you have the proper mindset plus the persistence to stick to your own rules and parameters and gambling. You know that if you're patient enough, the right timing for your wins will come at you, and be able to keep and multiply it also. So regardless if you now broke or gone rich. If you have the rich and proper mindset, that's already a win in the long run.

[BitcoinGirl.Club]

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.

I do have that. it's not that I don't win but almost all the time I lose all deposit balance including the winnings and after few weeks or months I repeat the same. Today, I lost around $300 with two gambling sites. Only around 1 mbtc left in one of the site and I am sure I will be losing that soon too before giving a break for another few weeks or months LOL

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.

A close relative won few millions in lottery back in 2012 or 2013 after few years he is back to his regular hustle. I heard it's not just him, many people who instantly win a large amount of money, can not keep up with the wealth. Sooner or later they discover they spent all. 

[ethereumhunter]

That's very true what @OP said because by saving victory, it means we appreciate what we have got. And instead of using the winning money to increase the balance, play gambling to get another big win. It can also provide a risk of losing more money than we can afford, so it's better for us to save the winning money and keep using that amount of money to gamble and get other wins. We can save the winning money. Even if we win, we can collect more money. And indeed, only people who have good self-control can do it so if we don't have it, we need to learn it to keep the winning money.

[tusandii]

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.

A close relative won few millions in lottery back in 2012 or 2013 after few years he is back to his regular hustle. I heard it's not just him, many people who instantly win a large amount of money, can not keep up with the wealth. Sooner or later they discover they spent all. 

I have also found the same thing several times where someone when they get a big win they forget a little about other things besides gambling but in fact if this kind of incident is not stopped it can actually be disastrous where a person can get addicted and lose more money than the amount he was supposed to win.
It's no wonder gamblers often go bankrupt after a big win and what's always natural is that money that is easy to get will also run out faster, like the example of money from gambling.

[Eternad]

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

I don’t understang how a rich person and rich mindset can affect the outcome of the lottery players to win the lottery. I doubt having that kind of mindset will help you successful on gambling. The broke mindset and broke person is really true because people that keep gambling without considering saving money for their own will always be broke because they are relying on luck to change their financial status instead of hardworking through jobs.

I think the key on withdrawing profit in gambling is to set a target profit before gambling so that your mind will be programmed to withdraw at that profit level. It's very hard to stop on gambling if you are continuosly winning without any goal because you will keep chasing profit.

[bittraffic]

There have been many lottery winners who got millions in their hands but go broke after years. They party and give away their money as well to please some friends. These people are pleasers and did care what others are saying about them so they were naively vulnerable. For them, it's easy to spend the money that they also got by winning a jackpot.

They learned the hard way about people with so much money have tons of friends but are also unimportant when they have no money.

[Josefjix]

There have been many lottery winners who got millions in their hands but go broke after years. They party and give away their money as well to please some friends. These people are pleasers and did care what others are saying about them so they were naively vulnerable. For them, it's easy to spend the money that they also got by winning a jackpot.

They learned the hard way about people with so much money have tons of friends but are also unimportant when they have no money.

Close friends are victims of disastrous pondering; we spend our money to reap enormous earnings, but the opposite is always evident. A healthy mindset will keep us from squandering money on unimportant budgets. Perhaps there are categories of people who hit the Lotto and received enormous rewards from the system; they spend the money impulsively because they did not have to suffer or work for it; in their current state, they have nothing to offer other than chitchat about the extravagant lifestyle they lived when they were earning massive returns from gambling. We all have a tale to tell.

[adzino]

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.

-snip-

Not being about to take their profits has nothing to do with having a "healthy mindset". They are addicted to gambling. Even if they do take the profit, they will eventually start playing again and very likely lose more than what they have earned. This will keep on going on until the person goes broke. Only few lucky people can make millions better few bucks. The rest, they all end up making huge losses in the long run. There is no way you can "earn" from gambling to "save" money.

[qwertyup23]

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.

I also do think that the mindset and focus of a person is a big priority when it comes to winnings/losses.

When a person losses, the obvious and initial reaction that they feel is to recover them by gambling again. Unfortunately and most of the time, by attempting to recover these losses, they incur more in the process which thereby increases their losses significantly.

A proper mindset and having a designated priority is key in order to minimize losses and maximize profit. Once you profited in a given match, that should be the sign to just take it easy, re-evaluate, and cash-out your earnings to avoid any losses.