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Author Topic: Anyone here who retired with Gambling winnings ?  (Read 1272 times)
aioc
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January 09, 2024, 02:53:06 PM
 #121

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Even if a gambler wins in a lottery I don't think he will retire and just turn his back on gambling, this is where he gets his winnings and this is where he gets his enjoyment, winnings are not something that will retire you, once a gambler will always gamble gambler will only retire if they are compulsive gambler and they are cured, or if they are so old that they cannot bet anymore because of Alzheimers and there is no amount of money that can make them retire, even if you give them that amount, they will find a way.

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January 09, 2024, 03:25:37 PM
 #122

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

A gambler can lose a huge amount of money and feels it's hight time he stopped gambling but he cannot win big and retire, no matter the amount. The winning alone is the motivation or driving force to keep gambling and as long as he's winning, he'll still be playing. So most persons will be gambling, it's just quite a few that might want to retire probably because they're aged but it cannot happen instantaneously, they'll have to be gradually withdrawing until they finally quit.
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January 09, 2024, 03:28:39 PM
 #123

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

People most not win to retire in gamble, if you are waiting to win before you retire in gambling, I think you have not started, I don't think there is any comfortable amount a gambling will win that will make him or her to retire in gambling, you should also know that retirement does not mean that you have left gambling totally, but what I know about gambling is that, the mire you win, you will want to go harder feeling that you will win, this is the mindset of gamblers, this can come in play when a gambler has decided not to indulge in the act again but as for retiring with a gambling winning as you asked, is no no for me.

A gambler does not know when he will win big or is there any guarantee of winning big. People who gamble can never retire from gambling. Maybe he can take a break temporarily but it's hard to break away from it. Because for some it is a means of earning money but for some it is a means of entertainment. Among gamblers there are gamblers who have hit the jackpot but again it is hard to find instances where they quit gambling. However, it is different for those who are older. I have heard some common words from addicted gamblers who vowed to quit gambling after losing too much but again they continue gambling.
Gamblers' oaths are like extremely beautiful lies, a person who has never seen the behavior of gamblers will believe this lie but this oath is only protected for a few short days, it may even be just a few hours when these people are invisibly bound to gambling, more precisely, intuition and gestures are urging them to return to that place, instead of living such a fake life. Usually, only people who are close to retirement age or retired can be idle and lucky enough to get money with gambling, young people who gamble only struggle and extend their retirement age further

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January 09, 2024, 03:56:32 PM
 #124

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Even if a gambler wins in a lottery I don't think he will retire and just turn his back on gambling, this is where he gets his winnings and this is where he gets his enjoyment, winnings are not something that will retire you, once a gambler will always gamble gambler will only retire if they are compulsive gambler and they are cured, or if they are so old that they cannot bet anymore because of Alzheimers and there is no amount of money that can make them retire, even if you give them that amount, they will find a way.

Well that's more likely to happen than them being determined to retire from gambling, after all who doesn't want money? I mean when someone is in that state then I think what's more likely in their mind is that they'll try it again another day with the aim and hope of getting the same or even a much bigger win as before. So what is very likely to happen is that they will just stop the session at that point and then gamble again another day.

Your idea of compulsive gamblers who will quit I think is too simple and even the fact is just the opposite, compulsive behavior is always synonymous with things that are difficult to control by them so the truth is that compulsive gamblers are the ones who have a very small chance of quitting gambling because they have difficulty managing their minds, uncontrollable behavior and thought patterns make it difficult for them to achieve awareness so it is difficult to consider something better to do such as quitting or even reducing it. But for other things like they have a reason that really requires them to stop gambling such as having a disease like you said maybe it can be a big enough push to make them realize and stop, the situation forces them to do better.

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January 09, 2024, 04:08:05 PM
 #125

Money is mentioned with number, and numbers will never run out. Winning a large amount in gambling doesn't necessarily lead to retirement. People will feel insufficient and continue to feel that way, no matter how much money they have. As much as they acquire, they will keep seeking ways to get even more. Greedy? Absolutely yes...much person in this world is greedy man.

Even the wealthiest people in the world ... still remain productive in seeking money. This means that winning big in gambling alone is not enough to make someone stop. There will always be other forms of gambling or perhaps different lines of work.
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January 09, 2024, 04:17:12 PM
 #126

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

I doubt you will find any gambling multi-millionaires anywhere here. Or to be honest, anywhere besides news articles.

That is how rare it is, to win a jackpot which will leave you sorted for life. Only a precious handful of people of the 8+ Billion earth population win a jackpot resulting in lifelong riches. And looking at those numbers, it puts the chances of becoming rich through gambling into a realistic perspective.

If you are going to gamble, I think you should gamble for fun only. That means gambling with tiny amounts of money and not expecting to make a living. That is the only way you will keep your money and your sanity.

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January 09, 2024, 04:56:17 PM
 #127

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Gambling is not a business investment that you or anyone as such should be expecting to have a winning that should be regarded as a retirement benefit. If a gambler is fortunate to win a good life changing amount from bet or lottery provided the amount is sufficient to start up a good investment then it can be regarded as something to retire for using the investment to build a better future for yourself and posterity.  Nonetheless, gamblers are fond of been greedy that  win amount that is supposed to be something to retire with from gambling they would instead want to increase their betting rate in the hope of winning much bigger amount, which the end there of is total losses.
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January 09, 2024, 04:59:31 PM
 #128

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Firstly, I  neither view gambling as a job not a career. This means that there's nothing like retirement from gambling, you don't retire from what doesn't employ you in the first place. You choose to start gambling, and you can choose to still it anytime. Nobody decides for you, unless you're in a helpess situation and need help.
I doubt anyone  stops gambling after a good win, its rare. People have told stories of their addiction stemming from their first big win. I'm a victim of such too. Just decided to show down 5 years ago after taking proper inventory of my myself after 4 years of addiction and little or no positive results.

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January 10, 2024, 12:04:42 AM
 #129

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Firstly, I  neither view gambling as a job not a career. This means that there's nothing like retirement from gambling, you don't retire from what doesn't employ you in the first place. You choose to start gambling, and you can choose to still it anytime. Nobody decides for you, unless you're in a helpess situation and need help.
I doubt anyone  stops gambling after a good win, its rare. People have told stories of their addiction stemming from their first big win. I'm a victim of such too. Just decided to show down 5 years ago after taking proper inventory of my myself after 4 years of addiction and little or no positive results.

True, gambling is not a job or profession that should be taken seriously, after all this is a game of chance which means there is absolutely no certainty and guarantee and that means that it really doesn't make sense if the word "retirement" is brought to gambling, because after all this is not a job but just an activity to fill your spare time or bored time when off work for example. After all, it is clear as you say that we really doubt someone who manages to get a win to stop or retire from gambling, in fact what is likely to happen is the opposite where they are even more excited to do the next session because of the increased hope and confidence after getting a win the previous time.

We must understand that people who finally enter the addiction phase all start from a victory and they are too excessive in responding to the excitement due to the victory they managed to get so that an increase in hope and confidence will occur in their mindset which ultimately always gambles by pursuing victory. So in essence I think it is very unlikely for those who have just managed to get a win especially with a large amount to think of retiring from gambling, such a situation is very unlikely to happen.

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January 10, 2024, 03:27:26 AM
 #130

How can you say retire winnings from gambling?
Do you yourself make gambling your job?
Meanwhile, gambling is not a job. Gambling is about winning and losing, not something that gives you the certainty of winning consistently.
If what you mean is quitting gambling after winning, I think that makes more sense. Because many people do that, especially people who are new to gambling.
There may be some people who get lucky from gambling like a miracle of God in their old age, get a lottery win for example, and he gets a decent winnings and enough for their retirement age, maybe this is what he is trying to get.

I agree with you gambling is not a place to make money or as a source of income because it is an impossible and difficult thing to do, I think that people who use gambling as a place where they look for income are stupid and do not understand the concept of gambling, because they only talk about pleuance and unpredictable opportunities.
I think it's a bit impossible for someone who in his old age is really lucky to win big, indeed we have certainly heard of someone who wons a large amount in the lottery and I don't think they just stopped or said they retired because of the fact that someone who is already familiar with gambling does not can completely let go of gambling, unless they really can't afford to gamble or say they can't afford it anymore. Maybe the age factor can stop gambling if they are satisfied with the pleasures of their youth, whether with wins or losses because as far as I know, gambling is full with defeat.

It is true that gambling cannot be used as a source of income because there is no guarantee that you will get consistent profits. Gambling is full of the risk of losing so it is better for us to use gambling as a fun game, no matter how bigs the win is, just think of it as a bonus.

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January 10, 2024, 03:47:44 AM
 #131

It's challenging to pinpoint a specific number; perhaps one million USD would satisfy most people. However, I'm quite certain that when you earn a million USD from gambling, it's hard to stop. Greed tends to arise when you have a lot of money, not when you have nothing. So, I believe that at that point, the greed of the majority will be immense.
We might plan to stop when we reach that amount, but after earning a million USD, the desire for more can be insatiable, especially when the money comes quickly. If you earn it over a long period, investing a lot of effort, you might consider retiring. I never thought about how much money I would retire with if I were lucky in gambling or investment because I know that only by maintaining work can you sustain that large amount of money in a sustainable way.

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January 10, 2024, 10:30:41 AM
 #132

It's challenging to pinpoint a specific number; perhaps one million USD would satisfy most people. However, I'm quite certain that when you earn a million USD from gambling, it's hard to stop. Greed tends to arise when you have a lot of money, not when you have nothing. So, I believe that at that point, the greed of the majority will be immense.
We might plan to stop when we reach that amount, but after earning a million USD, the desire for more can be insatiable, especially when the money comes quickly. If you earn it over a long period, investing a lot of effort, you might consider retiring. I never thought about how much money I would retire with if I were lucky in gambling or investment because I know that only by maintaining work can you sustain that large amount of money in a sustainable way.


I would say that 10 or 20 years ago, winning a million would be enough to stop working and enjoy life until retirement. Todays life is expensive. It is especially expensive if you dont own property, land and you are a bit lower than average class. I dont know where you are from, but in Europe, a million can be spend quickly. Buying a 3 room appartment with gray finish in new house cost about 150k. That is around 70-90m2 only. Add 100-150k for renovation and furniture. 50k for a new car. 1/3 of a million is gone. If you are 50+ and prefer to spend most of the time at home, it will be enough to retire. If you are young, that million will be gone in 5 years.

R


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January 10, 2024, 04:44:53 PM
 #133

I have been gambling for two years, but I have not retired from gambling yet, because I love gambling very much. Gambling is at least enjoyable if it is possible to win, profits and losses will remain in gambling. That's why I keep losses on my left side, because if a man is experienced in gambling then surely gambling will work in his favor. If I win a big jackpot, I'll take a little vacation. When my vacation is over I will be back to gambling again.
I think two years was still short although it can also depend on several factors like if we are struggling financially already. If so, then it's best to just quit it even if you say that you still love it. As long as the casino that we are playing with is not a scam, winning is possible. And yeah, there will be losses too. In fact, it can occur often. Experience can matter to some gambling games. And I think if we already have an experience, we already know if what games are those. If you win a big jackpot, then why only take a little vacation? But, little is better than not having a vacation at all and you will just re-deposit all of your winnings in the casino again.

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January 10, 2024, 04:53:39 PM
 #134

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
The funny thing is that those gambler four things that they will return as their gambling journey after a big jackpot those will can never left  or retire they are gambling journey because they are in poverty of money and that's why they are playing gambling. This is not the proper way to play gambling, gambling should be always for entertainment purpose not for this.

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January 10, 2024, 05:11:41 PM
 #135

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Do you mean to say retire from our main job after winning in gambling?
I may retire from a real life job if I win at least a million dollar, because this amount is enough for me to create my own business.
The question is, is it possible for me to win that much while I average bet is few cents only per bet? LOL

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January 10, 2024, 05:14:10 PM
 #136

It's challenging to pinpoint a specific number; perhaps one million USD would satisfy most people. However, I'm quite certain that when you earn a million USD from gambling, it's hard to stop. Greed tends to arise when you have a lot of money, not when you have nothing. So, I believe that at that point, the greed of the majority will be immense.
We might plan to stop when we reach that amount, but after earning a million USD, the desire for more can be insatiable, especially when the money comes quickly. If you earn it over a long period, investing a lot of effort, you might consider retiring. I never thought about how much money I would retire with if I were lucky in gambling or investment because I know that only by maintaining work can you sustain that large amount of money in a sustainable way.

There is no certain benchmark number that can satisfy gamblers so that they can retire from gambling because they will think about winning as much money as possible from gambling. But unfortunately, they won't be able to get it easily, and they will have to experience many losses, which won't guarantee they can get a big win. They need more than they can imagine to get their big win, and that won't be possible if one doesn't have great luck. Before they can get big wins many times, they will only experience their greed getting bigger, affecting their emotions, where they will become more and more eager to gamble. When their emotions have risen and become more eager to win, that's when they will lose control of themselves and will not see that they are being led to their destruction. But if they can be wise, they will not want to follow their desires and ego because they already know that it will only accelerate the loss of their money without them realizing it.

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January 10, 2024, 05:22:56 PM
 #137

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
There are few such gamblers who retired after winning gambling. Retiring after winning gambling is not an easy task. Not all gamblers try to stop themselves they cannot enjoy the winnings for greed after winning so they are difficult to predict. Gambling should be kept in fun without thinking of ways to earn more no one can retire.

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January 10, 2024, 05:26:04 PM
 #138

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
I think gambling addiction actually comes from winning several times after experiencing many losses. Are you saying that there is someone who wins gambling and then chooses to retire? I don't think so. People who retire from gambling are those who really want to stop there. There is no reason or motivation whatsoever. Some of them are those who are addicted to gambling and in my opinion they should stop because being addicted means you have wasted yourself and your family. You need therapy and live a normal life and you should have fun with sports betting or other betting, not an addiction.

R


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January 10, 2024, 06:16:17 PM
 #139

Do you know that people's need for money is never ending and gambling is the kind of game where after winning one gets the feeling of playing more. Suppose if you win $500 today then you will gamble more money tomorrow. When you are an addicted gambler you cannot stop gambling even if you want to because the lure of money will keep you playing. From my experience, the people who retire from gambling are those who lose gambling and become absolutely poor. Otherwise those who become rich reduce their demand for gambling because they are addicted to spending money in enjoy life.

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January 10, 2024, 06:30:26 PM
 #140

Anyone here who retired with Gambling winnings ?
I've not yet had the privilege to win so big that could be called my retirement money from gambling, and as young as I am now, even if I win so big irrespective of the amount, I can't call it quit so far I am below 60 years of age. This is because gambling is not burdensome for me and I have never been desperate of the money to be made through it.

Quote
If not, how much you think is sufficient to retire as Gambling winning ?
If I should suggest to anyone, it would depend on the plans of the person towards retirement. Do you want to stop working entirely and be spending the money or do you want to be doing business/investment but quit gambling with the money? Your answer determines the final values to be suggested, but I do not think this is ever a good idea if you are still young.

But making over $250,000 should be enough for someone to say goodbye to gambling if money is the reason why they gamble.

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