Healthy mindset to save earnings from gambling

[Baofeng]

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.

Definitely, but most of the time its hard to control your emotions and it's a dilemma,

a. you are in a roll, winning successively and you want to stretch your luck and continue to play
b. you are losing, and yet you think you can recover and bounce back, you just need one win to feel better and off you go.

But most likely in both cases, you might still end up losing and then you see where you made the mistakes and identify it. So the next time you play you wouldn't make the same mistakes, but guess want, you are in that dilemma again but still didn't make the "right" decision.

[dothebeats]

Winners of huge sums of money don't understand that their money will literally run out if they don't do something that will generate them more money. It's something that, once you have money, you won't ever think about. But if you have a mindset that feels like you'll always need more money, you'll make more and you'll never run out. Also, don't splurge like your money is never ending; it will always have its limits. Lastly, get a financial advisor - it's worth it, if you don't know how to handle your finances.

[Don Pedro Dinero]

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.

I think your approach is generally wrong, unless you are referring only to those who play the lottery as in the image you put in the picture or games like the Las Vegas slots where you can win millions. The average gambler's winnings are usually much lower. Let's say someone who goes to the casino with $100. They usually bet less than $100, they don't gamble it all at once. If he makes bets between $5 and $10, how much can he win with a stroke of luck? $1500?

That money is not worth saving, it's extra money worth enjoying, spending, and then coming back with $100 again next time.

I for one keep my saving and investing money completely separate from what I spend on gambling, in that I behave more like the example.

[shogun47]

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.

I think your approach is generally wrong, unless you are referring only to those who play the lottery as in the image you put in the picture or games like the Las Vegas slots where you can win millions. The average gambler's winnings are usually much lower. Let's say someone who goes to the casino with $100. They usually bet less than $100, they don't gamble it all at once. If he makes bets between $5 and $10, how much can he win with a stroke of luck? $1500?

That money is not worth saving, it's extra money worth enjoying, spending, and then coming back with $100 again next time.

I for one keep my saving and investing money completely separate from what I spend on gambling, in that I behave more like the example.

There are a few presuppositions that should be cleared up before we even talk about a "rich" mindset and "broke". What does rich even mean in this context? Relative to once starting point or relative to Elon Musk? Or being able to pay the most important bills on a monthly basis and a nice car on top?

I think what's missing in OP's graphic is also the word "luck". The right place at the right time, so timing is an issue as well. I know Op tried o sum it up in simple terms, but if becoming rich was simple, everyone would do it.

If gambling is the means to an end and that end is becoming rich, how would someone save earnings from gambling when actually that someone is forced to reinvest the money into gambling in order to become rich? It will be about luck and becoming rich with gambling only requires a lot of it.

[piebeyb]

Winners of huge sums of money don't understand that their money will literally run out if they don't do something that will generate them more money. It's something that, once you have money, you won't ever think about. But if you have a mindset that feels like you'll always need more money, you'll make more and you'll never run out. Also, don't splurge like your money is never ending; it will always have its limits. Lastly, get a financial advisor - it's worth it, if you don't know how to handle your finances.

I always believe that luck in gambling will not come again and again, when I am lucky to get a big win I will not let the winning money be in my account, I will immediately withdraw it then invest in stocks or crypto expecting long term profits outside the gambling platform, we are not will never control ourselves in managing finances if we often splurge.

Mindset is indeed important for self-control in gambling, that's why people who have a long-term mindset, of course, know how to take advantage of their winnings and gambling income so that they don't run out, yes, even though I've never earned income from gambling, it's nice to see people can change patterns. think they become positive while gambling.

[romero121]

Mindset depends upon the wallet backing, and in such situation how come a person with low wallet balance will have rich mindset. Whether it is rich mindset, rich person, broken person or whatever if there is zero luck then he/she gonna end up losing and end up broke.

Everyone have the mindset of turning themselves rich through gambling. The reality doesn't happen as we expect. This means luck factor is not in favour of us. Even with low wallet balance if we were able to win good then automatically the mindset will change from broken state to healthy state.

[lienfaye]

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.

You're right. The chances to lose again is very high if you can't refrain yourself from playing. However, for many gamblers, this is hard especially you already experience to win. The thought that you might become lucky once again will hunts you. Hence only gamblers who have self-control can think of what's the wise thing to do when you're in such situation.

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.

It's really a must that you're able to control your emotion so you can gamble responsibly. But thinking of becoming rich through gambling would not be a good idea because not all can be lucky. So just enjoy the game to entertain yourself and have less expectation. Because if you less expect to win but it happened, believe me that's certainly more satisfying.

[Mauser]

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.

I agree with you, if people are unwilling to save some of their winnings it's a serious problem of their mindset and might come from unhealthy expectations or being too greedy. Everybody knows the excitment of winning in gambling and the rush of positive thoughts from our brain. At least for me my brain keeps telling me that there is no chance I am going to lose now and that I should keep on gambling. Not sure if this comes from our mind looking for patterns, or it's just our faith believing in us. Nonetheless we need to keep our emotions in check and don't give into such thinking. My approach to a big win is to take some of that money out and not add to my bankroll. If I don't withdraw some of my winnings the risk is too big that I will just keep gambling with it and eventually lose it again.  I don't know if the mindset alone will be enough to transform a poor person into a rich person, but it will definitely make things better in the longrun. What I agree with is that we need a strong mindset to at least keep the money we already have. Also having strong financial and money management skills are important to control our overall finances. It's not only our gambling balance we need to control, our whole monthly budget for living expenses and paying bills should be controlled in the same way.

[len01]

-snip

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.

It's really a must that you're able to control your emotion so you can gamble responsibly. But thinking of becoming rich through gambling would not be a good idea because not all can be lucky. So just enjoy the game to entertain yourself and have less expectation. Because if you less expect to win but it happened, believe me that's certainly more satisfying.

becoming victorious from gambling is just a mindset that bookies have and for gamblers to have a rich mindset it will only be a very impossible story unless you are really lucky but luck only comes once in a lifetime in gambling and all luck is not always in large numbers.
from according to the OP's story this is related to lottery gambling and I admit that lottery gambling if you are lucky to get the right numbers you will definitely get a very large multiplier but this type of bet really depends a lot on luck.
but to just try my luck I think it's ok every day buy a lottery ticket with a smaller amount stay in self control everything will be fine.
because even though this type of lottery bet is a little easy to control yourself not to be too greedy to buy tickets at high prices, sometimes someone will start to get emotional and buy tickets in large numbers when the numbers bought are almost right.

this healthy mindset must be correct in all types of bets because with this one can avoid poverty, which always spends money only for the rich mindset of gambling.

[tusandii]

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.

You're right. The chances to lose again is very high if you can't refrain yourself from playing. However, for many gamblers, this is hard especially you already experience to win. The thought that you might become lucky once again will hunts you. Hence only gamblers who have self-control can think of what's the wise thing to do when you're in such situation.

I'm not sure there are gamblers who are experienced at winning and winning at gambling cannot be obtained regularly.
After all, if gamblers get wins very often, they can be limited by the casino.
Most gamblers have the mindset of being able to make more profits, not saving finances, so it's difficult if you want to have self-control when you win, so that the wins don't disappear again.
It's hard to have that kind of mindset and few gamblers can do it.

[Dzwaafu11]

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.

If you withdraw your casino winnings to your bank account or wallet, it can be under your control, and you might also benefit from continuing to play casino games the way you have before. However, keep in mind that you have control over both the casino and your wallet and bank account. As a result, you can see that when a gambler wins a sizable sum of money, in my opinion, the only solution is for them to immediately invest that money in another venture rather than holding onto it for an extended period of time. If not, They will undoubtedly continue to gamble with that money.

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.

People who have been gambling for a long time won't notice these because they will believe they are accustomed to it, and if they have won a lot of money before, they won't use a small sum to gamble because they will be thinking that another game may be in their favor. As a result, they will wager a large sum in the hopes of obtaining the same amount of money as before.

[Gozie51]

Even with low wallet balance if we were able to win good then automatically the mindset will change from broken state to healthy state.

A low wallet balance can be pragmatically used and utilized to become a rich balance if we play with more precision and focus on the target but all still depends on our luck on the time because despite the research we conduct sometimes it doesn't favour, luck come like the wave of the wind. However, I have seen series of low balance accounts being built into rich account but the challenge is lack of management because they will lose the winning pattern and keep playing heavy until they go back low. Discipline is important in gambling.

[Helena Yu]

A low wallet balance can be pragmatically used and utilized to become a rich balance if we play with more precision and focus on the target but all still depends on our luck on the time because despite the research we conduct sometimes it doesn't favour, luck come like the wave of the wind. However, I have seen series of low balance accounts being built into rich account but the challenge is lack of management because they will lose the winning pattern and keep playing heavy until they go back low. Discipline is important in gambling.

I don't think there's a gambler who's not play more precision and focus because they're looking to earn money, they always consider loss in gambling is shameful which mean they will trying to win. But sadly they're always lose because the casino has a house edge for few %, this make the gambler has no way to beat the casino in the long run. Discipline, consistent etc are useless in gambling.

The first thing is gambling and investment give an opposite result in the future.

[komisariatku]

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.

Yes, you're right, I'm not sure anyone can save money made on gambling wins. Most people will spend that money on the next game. Even though the winnings have been withdrawn, tomorrow they will deposit again and again until the money is gone. In the world of gambling, if you lose, you are curious and if you win, you are greedy. It seems that the law in gambling circles is like that, though not all, but most people are like that

When talking about the world of gambling, then you should stop if you don't want your money to disappear altogether. If not, limit yourself very strictly so you don't always make deposits on gambling sites. Maybe you can make gambling for fun, but don't use gambling to make money

I have friends who are able to manage finances and have strong common sense so they can stop after winning. But most of my friends are not like that

[ethereumhunter]

A low wallet balance can be pragmatically used and utilized to become a rich balance if we play with more precision and focus on the target but all still depends on our luck on the time because despite the research we conduct sometimes it doesn't favour, luck come like the wave of the wind. However, I have seen series of low balance accounts being built into rich account but the challenge is lack of management because they will lose the winning pattern and keep playing heavy until they go back low. Discipline is important in gambling.

I don't think there's a gambler who's not play more precision and focus because they're looking to earn money, they always consider loss in gambling is shameful which mean they will trying to win. But sadly they're always lose because the casino has a house edge for few %, this make the gambler has no way to beat the casino in the long run. Discipline, consistent etc are useless in gambling.

The first thing is gambling and investment give an opposite result in the future.

If their goal is to make money, they may have difficulty finding it because gambling is not a place to make money. Those who bet must remember that even if they are more thorough and focused in their analysis, they must know that the game situation can change instantly. And if that happens, they can start losing and it will start with small losses several times until finally, they decide to try to bet big but in the end, they still lose anyway. And if they still decide to gamble, especially if they keep using big money, they will experience even more losses. Discipline, self-control, and emotional regulation are necessary in gambling to avoid that big loss.

[borovichok]

Winners of huge sums of money don't understand that their money will literally run out if they don't do something that will generate them more money. It's something that, once you have money, you won't ever think about. But if you have a mindset that feels like you'll always need more money, you'll make more and you'll never run out. Also, don't splurge like your money is never ending; it will always have its limits. Lastly, get a financial advisor - it's worth it, if you don't know how to handle your finances.

I'm ambitious being and making more money keeps ringing in my head, I'm not bluffing or trying to say this to make anyone feel better, most of us don't know how to handle and spend money, when it's available, that's the moment we start spending unnecessarily and even go further in buying stuffs that are not important, only to go broke and find out that we need to work, that's the moment we fall back to gambling, and trust me when I say, it's a wrong path. We've been brainwashed into believing that the money system will collapse if we don't look for several sources of it or rely on one source that is completely out of line. Our funds will continue to deplete because we just depend on a single source of income.

[asriloni]

Those people who keep going all in even after won big amounts of money were just trying to bet on their luck. As long as they have agreed to lose their money once they will be facing the loss and it's fine. I don't even think you can call people is not having healthy mindset by not saving their reward from gambling. Anyone as their own reason why they have no intention to save it for long term.
They keep try to win more and that's it. People have ambition that must be achieved. That's also pushing the winner to try even harder in the next bets.

[danherbias07]

A low wallet balance can be pragmatically used and utilized to become a rich balance if we play with more precision and focus on the target but all still depends on our luck on the time because despite the research we conduct sometimes it doesn't favour, luck come like the wave of the wind. However, I have seen series of low balance accounts being built into rich account but the challenge is lack of management because they will lose the winning pattern and keep playing heavy until they go back low. Discipline is important in gambling.

I don't think there's a gambler who's not play more precision and focus because they're looking to earn money, they always consider loss in gambling is shameful which mean they will trying to win. But sadly they're always lose because the casino has a house edge for few %, this make the gambler has no way to beat the casino in the long run. Discipline, consistent etc are useless in gambling.

The first thing is gambling and investment give an opposite result in the future.

It is true. It becomes a stressful day after a loss which means every gambler is truly focused on winning but defeating the house is just too low of a chance even if you take 12 hours of gambling. I think I've done it once and said to myself I should stop it, those slot games are sometimes really addictive and fun to watch the pictures rolling.  
I think the only discipline that works is if a gambler can find his way out after a win. Because many times after a winning roll, a gambler tends to look for more, that's greed working in our brain and it's not easy to stop.
That is also why someone with a rich mindset can definitely beat a casino but only a few can do that, we always want more after a win because we have the balance to do so. Like 10 more bets will become 20 and so on until you are back to your default balance or worst, to zero.

[Pierre 2]

I always strongly claim that only people will strong will and dedication will become rich (if coming from poor background). It doesn't change in gambling for sure, all same. If I get huge amount of money from lottery or gambling I would definitely take some share and use for myself. Some people are seeking greater and greater profits and asking for trouble so end up losing a lot of money. Many gamblers I know would think 10k dollars as incredible amount of money but they could waste it all.

[Eureka_07]

<snip>
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.
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It is ironic that you are discussing a "rich mentality" while the context seems to indicate a "hopeful gambling" mindset. It has been said many times that gambling should only be viewed as entertainment, particularly if one lacks skill in games that require expertise. Otherwise, everything will simply rely on luck, which, in my opinion, does not reflect a "rich mentality."