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Author Topic: Anyone here who retired with Gambling winnings ?  (Read 1019 times)
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January 06, 2024, 01:56:28 PM
 #21

Anyone here who retired with Gambling winnings ? 

Do you think someone that already retired through gambling winning will really be satisfied to their win? I think only few people manage to experience this retirement through gambling but I’m pertaining to lottery winner and not the typical casino bettor. It’s very hard to get enough amount for retirement on casino due to casino limits and house edge advantage of the casino.

If not, how much you think is sufficient to retire as Gambling winning ?

This is a case to case basis depending on someone satisfaction to be considered as retirement money.

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January 06, 2024, 02:01:26 PM
 #22

If I did win this huge amount of money, I would retire my current job or my business (if I have) instead of retiring to gamble lol. Such amount is really big for me, I only need to invest and I will earn passive income or dividend that more than enough to fulfill my needs.

I will still become a gambler, but I won't increase the amount, I'm not someone who think luck can happen more than once.

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January 06, 2024, 02:06:01 PM
 #23

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
There is nothing like retirement after winning gambling except if you are talking of winning a jackpot which is absolutely uncommon, gamblers who gamble responsibly do so for fun to earn an extra income thus wouldn't stake a huge amount of money to gamble in a bid to win a huge  amount of money knowing the risk involved which could lead to their bankruptcy  which is one of the consequences of doing such risky venture thus if you know anyone with a mindset of winning huge amount of money through gambling thereafter retire such a person is likened to chasing a shadow this is absolutely unachievable and unrealistic.

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January 06, 2024, 02:06:33 PM
 #24


Up till now, no one knows how much the guy spent in his time gambling. For some to have been able to place a $50 dollar bet on a slot game means he must have more than enough already, even those streamers we watch don’t even use up to that amount in a single bet.

Is it still important? I mean, this guy who bet $50 for a single bet on slot game doesn't mean he is betting $50 every time. Why can't we just focus on how much he won? Man, that's $42 million, it's a life changing winnning, and I'm pretty sure that this lucky guy wasn't able to spend a total of $1 million is his lifetime as a gambler.

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January 06, 2024, 02:07:52 PM
 #25

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Are you saying you're playing for your own retirement fund? If this is the case I can tell you that its hard to achieve that kind of target and seriously you might not be able to achieve in because winning in gambling is not guaranteed so don't gamble your retirement fund in gambling because its too risky. Retire when the time is right and when you are already prepared, though in gambling you can still gamble as long as you still have the funds even after your retirement.
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January 06, 2024, 02:11:22 PM
 #26

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
I have not seen a retired gambler before and I don't know what will be the motivation for someone to say he has retired from gambling that is not even seen as a profession.  What I do know is that some people may decide not to gamble again  when they have experience that is not in agreement with their expectations.  

It is like a gambling addicts overcoming his addiction and in the process decide not to gamble again, that is the only way I see someone will stop gambling.

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January 06, 2024, 02:14:15 PM
 #27

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
So far that wasn't on my playlist, I'd rather put it on some investment products rather than put most of it through gambling. I think the sufficient amount would like be at seven figures but I think that'll depends on how much you'll get contented for.
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January 06, 2024, 02:15:48 PM
 #28

How much you think is sufficient to retire as Gambling winning? You must be joking. Have you been gambling to decide how much someone needs to win before the person retire from gambling. Gambling is not a job, it is just for fun. No retirement. Just gamble with small amount of money that you can afford to lose and not thinking about earning in gambling all the time. Gambling is not like that.
If I by a stroke of luck over the course of 10 years could have made a profit winning from gambling if up to 50 million dollars and such monies has been used to invest in a business other any other investment other than sitting docks in the bank, maybe then it could cross my mind to retire. But this is just wishful thinking, even those gamble at a professional level have rarely won this amount. Retiring through gambling may cause one to become a compulsive and problem gambler and still would be admitted in a rehab and not retirement.

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January 06, 2024, 02:18:43 PM
 #29

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Gambling is not a job or occupation that can generate steady money so there is no such thing as retiring from gambling, unless you have recovered from an acute gambling addiction and even then without having any money.
Gambling is just for fun and playing to enjoy the game and if you are lucky to get a big win you don't necessarily have to retire. Because there are also gamblers who use their big winnings to buy something expensive or go on holiday and so on to enjoy their winnings.
And there are also big wins that are used to gamble again and run out slowly and there are also those that run out in an instant. So there is no such thing as retiring from gambling unless you have lost everything and become very poor, or have been addicted and recovered. Even so, there is no guarantee you will retire.

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January 06, 2024, 02:20:37 PM
 #30

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?

I always thought gambling was an incredibly risky business to try to live off of winnings from. But my friend psychologist recently told me that the idea that the desire to make money in gambling and live on this money can be a dangerous outlook on life.
After all, the only correct approach to gambling is the desire to get pleasure, but definitely not earnings. You should not expect to win from gambling; as soon as a player makes a deposit, he must immediately say goodbye to this money. Therefore, I am very surprised at people who take out loans or borrow money from friends only to lose it again in roulette or slots.

Therefore, you cannot retire because of gambling winnings.

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January 06, 2024, 02:38:44 PM
 #31

Retire from gambling, after getting a big win...? Are there really people who behave like that. Isn't it that when someone gets a big win in the gambling he does, then he will be more addicted to continue playing and increase the amount of bets. And isn't the big win that he got before, the reason why they return to gambling, even though they have often lost.

As it is difficult to find someone who retires from gambling, after he gets a number of big wins. And it is the opposite that happens, where people stop because they have experienced considerable losses. So in my opinion, what can make someone realize the badness of gambling, not from the victory he gets, but from a big loss they experience.

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January 06, 2024, 02:40:07 PM
 #32

How much you think is sufficient to retire as Gambling winning? You must be joking. Have you been gambling to decide how much someone needs to win before the person retire from gambling. Gambling is not a job, it is just for fun. No retirement. Just gamble with small amount of money that you can afford to lose and not thinking about earning in gambling all the time. Gambling is not like that.
If I by a stroke of luck over the course of 10 years could have made a profit winning from gambling if up to 50 million dollars and such monies has been used to invest in a business other any other investment other than sitting docks in the bank, maybe then it could cross my mind to retire. But this is just wishful thinking, even those gamble at a professional level have rarely won this amount. Retiring through gambling may cause one to become a compulsive and problem gambler and still would be admitted in a rehab and not retirement.
You are completely right, winning a very huge amount of money and retiring from any form of work will only be the starting of a new era of hardship in the life of such a gambler, for it is very certain that such person can sure retire from working, but can't retire from gambling, and as long as he or she keeps gambling, it is a matter of time before the money (no matter how much it is) will get finished and the gambler will return to zero level again.

This I believe is the same thing that plays out in the life of lottery winners, who win  hundreds of millions of dollars and feel they are completely made, they quit all form of work, they just relax and continue gambling and this time, they are spending hundreds of thousands of dollars on single bets hoping to keep winning millions of dollars, but unfortunately, before they know what is happening, their whole money is gone and they are broke and back to square one.

It's like I've said in my previous comment, no amount of money I win from gambling will make me retire, and just live doing nothing other than gambling, I will rather use that money to build business, companies that I will managing and will be making me more money.

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January 06, 2024, 02:50:00 PM
 #33

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Gambling is not a career where you can make a lot of money, so even if you win big, you can't just quit. It will also rely on the individual's financial objectives and way of life. Some wealthy people even like to gamble just for recreational purposes, seeing it as a means of relaxing and taking time away from their hectic schedules. Then you're here, thinking about how much money you can win from gambling so you can retire Cheesy Also, there are others who, even if they win, use their winnings to wager on the game they play and eventually lose. It was almost like a cycle, so I don't think any of us gamblers could ever truly retire from gambling or even have sufficient funds to retire from it.

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January 06, 2024, 02:54:39 PM
 #34

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Is money ever enough? I have never heard of someone who claims that a one-time payment they received or won was sufficient for them to live lavishly the rest of their life and retire without considering starting any other business or try and make some more money to sustain a lifestyle. Money is never enough, and I'm usually scared of hearing this kind of stories because it can encourage people to gamble more thinking that if someone can retire from the earnings they got from gambling, then they can as well.

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January 06, 2024, 05:01:32 PM
 #35

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
$2 billion maybe, Lol, actually I'm trying to make you understand that the need and want for money is almost insatiable and that could mean that except for addiction and bankruptcy, most persons will not retire from gambling because if some one actually wins the $2billon I did mention earlier they will get to a point when the will exhaust the money especially for the reckless spenders and would most likely return to the casino, as a matter of fact such person will return to the casino to get premium entertainment probably after investing a better half of the money.

I'm of the opinion that majority of gamblers will not retire with the winnings even if they win the highest jackpot expect for someone who has before now had it in mind to retire and then an opportunity in that form avails it self then they will make good use of it .

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January 06, 2024, 05:24:48 PM
 #36

I'm not a gambler who wants big wins because up to now I've been gambling just for entertainment, but I'm also not a hypocrite when asked what the right amount is for retirement, I think 1 million dollars is more than enough for my future life with my growing family. business, but that doesn't guarantee I will stop gambling because usually if I need entertainment I often gamble.

I think everyone has their own goals when gambling, some are just looking for entertainment, there are also those who really make money from gambling, usually people who tend to make money from gambling definitely have their own amount so they can stop gambling and really retire from gambling. , it cannot be said that the value is certain, they are expecting a large amount that they have never received in their life.  Grin

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January 06, 2024, 05:48:58 PM
 #37

I'm not one of those who decided to retire after getting a big win in gambling. But I have plans to get there.

I always hope that, before I end the gambling activities I do every week, I will get a big win first. But it turns out that was the wrong idea, because the more I chased big wins, the more I lost. Because to be able to win a large amount, we also have to place a large bet amount and the more we increase the bet amount, this will only accelerate the losses we will experience. And because I am too focused on achieving big wins, this sometimes encourages me to behave carelessly and stupidly by missing out on some of the small wins that I get.

So in my opinion, if you decide to end your gambling and retire from this activity. So don't wait until you get a big win, because that will only make you gamble longer and make you lose even more.

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January 06, 2024, 07:04:40 PM
 #38

I think it's difficult. but maybe there are some people, although I myself have never seen anyone who retires after winning because usually winning is a temptation for us to return to gambling and so it continues, even as if it has no end until the loss streak occurs again. if that happens to me or anyone else maybe it's the luck of a lifetime. Unfortunately that didn't happen to me, but I'm sure there are people like that, it's just that brands don't want to show off their winnings.
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January 06, 2024, 07:12:56 PM
 #39

How can someone would retire from gamble winning. When he is winning. Anything that gives you money will never tire you and you will not let it go just like that. The richest man in the world is still looking for money by doing businesses to sustain his wealth therefore there is no amount that you have in gambling that is sufficient to stop gambling and retire. When you have won enough and all what you can do is to take a break and later in the year, you can come back again. Gamblers are not satisfied with their winnings and they are always having the mindset to win bigger. Therefore there nis no specific amount for gambling retirement.
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January 06, 2024, 07:15:24 PM
 #40

I always thought gambling was an incredibly risky business to try to live off of winnings from. But my friend psychologist recently told me that the idea that the desire to make money in gambling and live on this money can be a dangerous outlook on life.

You could have just asked me. I would have saved you a few bucks on your psychologist friend's overpriced therapy sessions. Grin

Therefore, you cannot retire because of gambling winnings.

I disagree. There's always that small chance of winning. Let's take the lottery, for instance. While most players don't win anything significant, there are always those few fortunate individuals who strike it rich by winning a life-changing jackpot every now and then. So, you cant just say that no one can retire with gambling winnings.

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