Healthy mindset to save earnings from gambling

[naira]

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.

And actually, therefore don't take gambling too seriously. If you realize that you are just an average gambler who can't control much, then the solution is to play normally just for fun and not be upset when you lose money because you were prepared for the amount you lost from the start. Personally, I still don't really trust the casual gambler who really gets rich completely off of gambling, because as you say, they win big but in the end the money still goes back to the casino. As for the category of people who have a lot of followers, they are affiliated with a casino so a familiar collaboration is established. Being part of the casino workers already has its advantages, and when playing you can already know the casino work system.

[aioc]

Since you have this picture as your example all of these are true, the right mindset is everything and powerful this is the one that triggers us to reach our goal and the one that manages our emotions to control the wealth that suddenly comes to us, part of that right mindset is knowledge in money management, you cannot have a right mindset if you are not properly educated to handle unexpected wealth.

[hahay]

But it's not just about using the money again to gamble in the next day, because usually or most of those who win gambling can easily use the money they have earned. Usually, the money from the winnings is used like something to party and or buy other things. That way, the money they get from winning in gambling will certainly run out quickly. So yes, in this case at least they also have to be aware that money management is also needed, because if they don't have good money management, then they will still feel like lost even though they have won at gambling.

[yahoo62278]

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

Someone who has never had anything and then suddenly becomes rich is always going to be a disaster. They are going to impulse but everything they ever wanted as soon as they see it. If you are a lottery winner and have always been broke, taking the 20 year payout option is the best thing you could do for yourself and your family. Always going to have money coming in each year.

Another good thing would be to go to your bank and look into some long term investments and try to make your money work for you.

[Blitzboy]

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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.

Its apparent that winning big can distort our judgment and lead us down a slippery slope. Indeed, losing can be overwhelming, causing us to gamble more to win. The vivid colors, whirling reels, and anticipation of scoring a jackpot make slot games irresistible. Like any addiction, its important to realize the hazards underneath this alluring facade.

Your observation about greed affecting gamblers' decisions is interesting. Winning sprees can be disastrous. The illusion that more balance means more wins is exactly that. Casinos usually favor the house, so a "rich mindset" wont help. It takes discipline, risk evaluation, and the ability to quit. Accepting zero balance sometimes beats seeking infinite wins.

[BitcoinGirl.Club]

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.

The difference between rich mindset and poor mindset is not in how much wealth you have. It's in how well you manage your wealth. The lottery winners are not taught money management, they have no idea how to do that so when they suddenly find huge money they starts spending it. They think it's enough for rest of their life so they never think of investing it or making a business from it. If you can not accumulate your wealth and always spend from the savings then soon you will run out of cash.

By the way, I lost the last part of remaining balance from the last sportsbook LOL. Now again I am in a break for the next few weeks or months 😉

[Fortify]

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.

There is a lot of truth in your infographic but not many people will realize it until they are older and some will never connect the dots their whole lives. Learning about finance is one of the most important things that you can do with your life and is highly relevant to gambling. Sensible people know that betting is just a small form of entertainment and only place "fun" money on to it, expecting to lose it all. The most desperate people, usually those with lower financial means, often see it as a way out or a shortcut to wealth, which leads you down a very dangerous path with one bad ending. I recommend that you read a good 10-20 important books on the stock market and you'll start to pick up so much knowledge in finance to defend yourself.

[bayu7adi]

Neglecting discipline can indeed backfire on someone. I found myself in such a position when I ventured into a new gambling platform for the first time. The funds I used came from passive income, so it didn't disrupt my primary finances.

Initially, I experienced a few wins, resulting in a doubling of my assets. I had a strong intention to set aside a portion of the profits and continue playing with the remaining amount.

However, a string of losses fueled my curiosity to prolong the game in pursuit of the illusory triumph I desired. Deep down, I anticipated this outcome, yet I made the same mistake once again. I chose to gamble away all the initial winnings until my balance was completely depleted.

It appears that my emotions, discipline, and curiosity were not in sync, leading to this predicament.

[shogun47]

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.

The difference between rich mindset and poor mindset is not in how much wealth you have. It's in how well you manage your wealth. The lottery winners are not taught money management, they have no idea how to do that so when they suddenly find huge money they starts spending it. They think it's enough for rest of their life so they never think of investing it or making a business from it. If you can not accumulate your wealth and always spend from the savings then soon you will run out of cash.

By the way, I lost the last part of remaining balance from the last sportsbook LOL. Now again I am in a break for the next few weeks or months 😉

But you can argue the other way around as well. If it is a person that always took care of the money and never spent a lot, but afforded to play a little bit of lottery every now and then, how likely is it that that person will go broke quickly if that person is used to spending on the lower minimum and didn't afford luxury? This is back and forth and I believe it is a question of character, intellect, life experience and discipline. Even if someone never learnt a think academically about money management, they might still have anxiety in terms of the future and hence save a lottery win until they die.

[Lanatsa]

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.

The difference between rich mindset and poor mindset is not in how much wealth you have. It's in how well you manage your wealth. The lottery winners are not taught money management, they have no idea how to do that so when they suddenly find huge money they starts spending it. They think it's enough for rest of their life so they never think of investing it or making a business from it. If you can not accumulate your wealth and always spend from the savings then soon you will run out of cash.

By the way, I lost the last part of remaining balance from the last sportsbook LOL. Now again I am in a break for the next few weeks or months 😉

On the time that you do get your wealth on something on a hard or tough method and not something that called inheritance or other similar things correlated to it on which you wouldnt really be able to mind off clearly and would really most likely that you wouldn't care about on the money that you do currently posessing on which spending up some on other means which it isnt really that limited on gambling which
you would likely be on doing so. Speaking about mindsets then it would really differ on each person whether you are poor or rich but if you do have that kind of control towards gambling then
you wouldn't really be putting yourself into big trouble.

Its a matter of common sense and being wary about on the actions you've been doing.If you do treat up gambling as a form of entertainment and wouldn't really be chasing up about on getting rich
then for sure you would not find yourself putting on big trouble towards gambling because you have done it the right way and treatment on it.

[molsewid]

But it's not just about using the money again to gamble in the next day, because usually or most of those who win gambling can easily use the money they have earned. Usually, the money from the winnings is used like something to party and or buy other things. That way, the money they get from winning in gambling will certainly run out quickly. So yes, in this case at least they also have to be aware that money management is also needed, because if they don't have good money management, then they will still feel like lost even though they have won at gambling.

I agree, if they don't know how to manage their wealth it will be bad for them. No matter how many times you won a large prize but as long as you don't know how to manage your money and don't have plan to diversify it but you only spent it to  nonsense things eventually it will all gone, what comes easily will go disappear easily as well, that's the rule of life I learned.

[Mame89]

But it's not just about using the money again to gamble in the next day, because usually or most of those who win gambling can easily use the money they have earned. Usually, the money from the winnings is used like something to party and or buy other things. That way, the money they get from winning in gambling will certainly run out quickly. So yes, in this case at least they also have to be aware that money management is also needed, because if they don't have good money management, then they will still feel like lost even though they have won at gambling.

What you say is real and very many have experienced something like that. To save the results from winning gambling is not an easy matter, even after winning gambling the next day don't play gambling again. but the money will run out quickly because we get it easily and of course the winnings from gambling will be used up for a spree or buying something unnecessary.

There is also the opposite mindset, It's not about the actual money, it's about the thrill of gambling. This is the story of a close friend of mine, he was always in a situation where he always won a lot playing gambling and couldn't stop playing. because he feels the adrenaline and thrill of rising and winning always overrides the logic and rationality of cashing out as a winner. that is why gambling can never make money.

And in the end, I agree with your opinion, for anything related to money, we have to change our mindset to be able to manage our finances wisely and well. Whether it's when you win at gambling or when you get profits from investments.

[harizen]

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.

To tell you honestly, those persons you are referring to in that statement are mostly not present in the gambling world.

Why? In the first place, if the goal is to be rich, why do gambling? If a person is good at money management skills, why do gambling?

In the world of gambling, there's no such thing as controlling emotions stuff at 100% since that was human nature. What we are trying to keep up with gambling is trying to be responsible all the time regardless of winning or losing. Believe me, even if a gambler does have continuous wins and is able to cash out as always, that won't lead to the path of being rich as these winners will always find a way to experience that wonderful feeling of being a winner and will continue to face the risks in gambling, in the long run, chasing that purpose.

[AmoreJaz]

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.

To tell you honestly, those persons you are referring to in that statement are mostly not present in the gambling world.

Why? In the first place, if the goal is to be rich, why do gambling? If a person is good at money management skills, why do gambling?

In the world of gambling, there's no such thing as controlling emotions stuff at 100% since that was human nature. What we are trying to keep up with gambling is trying to be responsible all the time regardless of winning or losing. Believe me, even if a gambler does have continuous wins and is able to cash out as always, that won't lead to the path of being rich as these winners will always find a way to experience that wonderful feeling of being a winner and will continue to face the risks in gambling, in the long run, chasing that purpose.

very rare that a gambler can be a winner at the end because most will continue playing even after winnings. but for some who can have this money management skills, after winnings, they are allocating some funds to savings or business. if a gambler can do such job, he won't go totally broke. now the problem is, if he won't stop gambling, and if he will use the money that he saved for gambling again, then he will go to that route of being broke. that's the dilemma of most gamblers, they can't stop up until they are already broke.
and for those with such rich mindset, after winnings, they will set aside the funds for possible business venture and not go back to gambling. and the number of such people are few.

[bitbollo]

very rare that a gambler can be a winner at the end because most will continue playing even after winnings.
....

as I have often written into this section, "playing" "betting" DOES NOT get anyone rich!
not only because a gambler continue to play but because these bets that yield life-changing sums are so rare that it practically makes no sense to consider them a viable option for the future.
money management, and in general a professional approach to this field can provide a decent "extra"... but not expect "lifechange wins" this will be something impossible...

[slapper]

Neglecting discipline can indeed backfire on someone. I found myself in such a position when I ventured into a new gambling platform for the first time. The funds I used came from passive income, so it didn't disrupt my primary finances.

Initially, I experienced a few wins, resulting in a doubling of my assets. I had a strong intention to set aside a portion of the profits and continue playing with the remaining amount.

However, a string of losses fueled my curiosity to prolong the game in pursuit of the illusory triumph I desired. Deep down, I anticipated this outcome, yet I made the same mistake once again. I chose to gamble away all the initial winnings until my balance was completely depleted.

It appears that my emotions, discipline, and curiosity were not in sync, leading to this predicament.

You learned a hard lesson through gambling. You were attracted back into the game despite having a well-planned strategy to set aside a portion of the profits and play with the rest. The prospect of victory was too tempting. After the first success, losses were inevitable. Every gambler thinks they can win, even if losing is statistically inevitable. The 'gambler's fallacy' strengthens this idea with each loss. Your experience may highlight the need of emotional control and discipline. Mastering these qualities is the only way to keep a clear head and make sensible decisions when faced with rapid, easy wins.

[letteredhub]

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.

You can only be proactive in making investment plans towards a winning or money you're somewhat sure of. Many lottery players do get involved without a mindset of winning at all looking at the millions of persons playing the lottery, they just want to do what every other person around them is doing not believing that they can be lucky to win it. So when they become the luck lottery winner with no prior plans buying of more other tickets with the hopes of getting another winning would likely look like a good business to them. It's rare to see a lottery winner make good investment use of his lottery money this is because they never expected to see themself making a win. When you have a winning mentality it's possible to prepare ahead of it someday.

[seleme]

A broke mindset leads to poverty sooner or later, that statement has been proven by experienced economists and this rule can be applied in various industries including gambling. The rich person with the right mindset may break the system mechanics and get out of the "rat race" if you know what I mean. Not all lottery winners stay rich till the end of their life for mentioned reasons, IMHO. They usually fail to manage the wealth they get and many relatives keep using them for their own advantages, unfortunately.

[Sandra_hakeem]

What every gambler needs to understand is that winnings don't come just immediately; now the scary part of the story is that you do not have a choice to stay and wait, without Putting up the work... Which invariably means you gotta keep trading your losses on tomorrow's hope - which fate again' could decide to introduce you to the opposite of it....that's too much risk to take!!
Well, to some point, your strategies would actually do alot of good to 'em gamblers that won't wanna hold themselves away from the game.

Sandra 🧑‍🦰

[flipme]

Gambling is a risky activity. Gambling again with money won in gambling leads to potential losses. After all, making money in gambling is based on luck. When luck gives us an opportunity, we should use it well. So when we win money in gambling, we must act rationally and protect the money. Otherwise, if we lose the money we earn in gambling, we will enter a vicious circle. If we cannot get rid of vicious circles, we should not hesitate to seek professional help. Gambling addiction is a common problem experienced by many people.