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Author Topic: Anyone here who retired with Gambling winnings ?  (Read 1268 times)
Dewi Aries
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February 09, 2024, 08:37:55 PM
 #181

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
Unfortunately I think it's never enough for most people. If you are able to make money, or you think you're able to do it at least, why would you stop? You will always find people richer than you, you will always want things you can't afford. So I think most successful gamblers never stop until they make a mistake, be scammed/stolen or get an endless unlucky bad streak.

In the event that you're looking for the most effective way to get the most out of your home, then you've come to the correct place, If we look at it in terms of needs then it will be endless while we are still alive and the other is that everyone has a desire for everything that makes them interested, so of course if gambling can really provide income then obviously no one will stop doing it because the reason is clear as I said above that everyone needs money while they are alive.

On the other hand however  gambling is not a job or a profession, rather it is nothing more than an activity to fill your spare time when you feel bored, so there is absolutely no retirement in gambling, simply put if this activity costs you a lot in all respects, especially losing financial balance then obviously at that time you can stop. So basically in my opinion gambling is not a place that can provide you with provisions (especially in large amounts) for your retirement because there is no certainty there to really get a big win.

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February 09, 2024, 08:52:02 PM
 #182

As I am not professional gambler, I don't need to count my winning or losing amount. Just consider gambling as entertainment, that's it. And I don't think gamblers will stop gambling easily. There are some many kind of gamblers. People who gambling for fun, won't stop gambling. Even people who are greedy, they also won't stop gambling as because they are aiming to generate more income from gambling. I haven't heard anyone who retired from gambling. But yeah, people who are addicted in gambling, should be retired or should become responsible. Gambling could be dangerous, if people win big in gambling, then there'll be chance that they'll loss big in gambling in next. Well i don't have any retirement plan yet. But if i were professional gambler then maybe $2/3M would be decent amount for retirement from gambling
I absolutely understand your point and I think it's absolutely valid as everyone have their different methods and ways gambling. Just like you, I don't gamble  regularly but as a gambler who's not regular with his gambling activities, there's a certain amount of money that I'll win and immediately quit anything that has to do with gambling. Gambling to me isn't an engagement that one needs to put in more of his energy and time in as it might end up ruining the person's life so when I get up to $1m in my winning, I'm certainly go retire from gambling

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February 09, 2024, 08:54:29 PM
 #183

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
in gambling we don't have a specific amount that someone supposed to retire with so gambling is all about Game of luck game of opportunity and again a game of success so there is every tendency that you might not win any game before you can retire in gambling because some people just retire in gambling willing without having any lost or any profits they just retired willing why some people retire because of the game the lost or the game they win, especially when you win a good amount of funds through gambling and you are aged that is something that makes some people to retire in order to utilize theirs funds

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February 09, 2024, 09:42:02 PM
 #184


In the event that you're looking for the most effective way to get the most out of your home, then you've come to the correct place, If we look at it in terms of needs then it will be endless while we are still alive and the other is that everyone has a desire for everything that makes them interested, so of course if gambling can really provide income then obviously no one will stop doing it because the reason is clear as I said above that everyone needs money while they are alive.


The gambler who want to make the more money should use to play the game in the home.Because home with the room is essential for the free minded game.The game without the peace of the mind will leads to a loss,because the gamblers use to make the random get most of the time.Because the random betting was the cancer for the gambler,it will kill the holding assets of the gamblers in few hours.The desire of playing should be their to play the gambling at your old ages.Because many people get away from the gambling after the age of 40+ years because of the family commitments after the marriage will leads to quit after 40 years by gamblers.
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February 09, 2024, 09:46:15 PM
 #185

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
in gambling we don't have a specific amount that someone supposed to retire with so gambling is all about Game of luck game of opportunity and again a game of success so there is every tendency that you might not win any game before you can retire in gambling because some people just retire in gambling willing without having any lost or any profits they just retired willing why some people retire because of the game the lost or the game they win, especially when you win a good amount of funds through gambling and you are aged that is something that makes some people to retire in order to utilize theirs funds
Its never been considered to be something which it would be getting in line with retiring because we do know on how risky gambling is, instead on making money you would
rather be losing instead.If you wont really be careful then you are just that putting up yourself on such trouble on which we do know that it is really just that right that
we do really make out those kind of actions on which it would really be just that appropriate on the things that you are dealing with. You cant really just that make gambling
as your retiring indication on which waiting up for you to win up some significant amounts before you would really be doing such act? You are really just that putting yourself on such danger.

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February 09, 2024, 10:21:42 PM
 #186

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

Retire as gambling winnings? What do you mean by this? So every time you gamble, do you always win when you play at the casino? Isn't there a day when you don't lose when you gamble? Because playing gambling can't be considered work, right?

Or maybe you mean that when you get lucky and get the jackpot in a casino, you will retire from gambling, right? Is this what you mean by that?



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February 09, 2024, 10:41:37 PM
 #187

Have you heard of the word greed? From your question, you’re telling me that you will win a huge amount of money and decide not to continue winning more of it? You need to be honest and a bit more realistic because we human beings are greedy and we always want more. The really big guys who have millions of dollar are still gambling to make more money and you think that you will quit when you taste the main thing. If you want to stop gambling, you have to stop it with something else but saying that you’ll stop when you make a specific amount doesn’t make sense because you (as a human) will likely extend it.



 

 

 

 

 

 


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February 09, 2024, 10:56:01 PM
 #188

~
Its never been considered to be something which it would be getting in line with retiring because we do know on how risky gambling is, instead on making money you would
rather be losing instead.If you wont really be careful then you are just that putting up yourself on such trouble on which we do know that it is really just that right that
we do really make out those kind of actions on which it would really be just that appropriate on the things that you are dealing with. You cant really just that make gambling
as your retiring indication on which waiting up for you to win up some significant amounts before you would really be doing such act? You are really just that putting yourself on such danger.
That is an important point about the risks associated with gambling, especially as it relates to retirement planning. Relying on gambling as a means of funding the retirement is inherently risky and can lead to financial instability and hardship. Gambling is inherently unpredictable, and the odds are typically stacked against the player in the long run. Relying on winning significant amounts of money through gambling to support the retirement is not a prudent or sustainable strategy.

People need to approach retirement planning with a focus on sound financial practices, such as saving, investing, and budgeting, rather than relying on speculative activities like gambling. Gambling can have negative consequences beyond financial losses, including mental health issues, relationship strain, and addiction. Relying on gambling as a retirement plan can exacerbate these risks and lead to significant harm in the long term. Planning for retirement should involve careful consideration of the financial goals, risk tolerance, and long-term sustainability, rather than relying on unpredictable and potentially harmful activities like gambling.

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February 09, 2024, 11:15:29 PM
 #189

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
in gambling we don't have a specific amount that someone supposed to retire with so gambling is all about Game of luck game of opportunity and again a game of success so there is every tendency that you might not win any game before you can retire in gambling because some people just retire in gambling willing without having any lost or any profits they just retired willing why some people retire because of the game the lost or the game they win, especially when you win a good amount of funds through gambling and you are aged that is something that makes some people to retire in order to utilize theirs funds

It's rather unusual for me to think that someone would even reason that they could go out with some fix amount of winning in their gambling career because gambling is not something that is planned for and you can't really tell what will happen in a split second within when you are gambling.


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February 09, 2024, 11:22:59 PM
 #190

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

Your satisfaction, your own rules. There's no such thing as an exact amount of winnings before a gambler will retire from winnings.

Winning big can even make gamblers more eager to gamble since they already tasted that experience. Instead of retiring, winning big from gambling might even fuel the eagerness of that gambler to gamble more as they already experience that unique feeling of becoming a big winner. They want to repeat it over and over again.
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February 10, 2024, 06:45:24 AM
 #191

It's not advisable to just rely on gambling winnings for retirement, as gambling is unpredictable and risky. Having a retirement plan should include savings, investing wisely, and seek professional advice. It varies based on an individual of how much the amount they needed to retire.
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February 10, 2024, 08:49:51 AM
 #192

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
I wish to be one of those who retire through gambling winnings like from lottery. For me as long as I achieve financial freedom with the said winning it's all good. But since you asked us how much then I think if given a chance $1M would be enough for me and my family to live a safe, and decent life.



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February 10, 2024, 09:07:22 AM
 #193

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
maybe there are but not many, some people are determined to stop gambling because they get a big win, they are building a business and they don't like gambling anymore, but most people will gamble more and more often after they get a lot of wins, these wins make them more actively play because they want to get even bigger wins
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February 10, 2024, 09:19:14 AM
 #194

It's not advisable to just rely on gambling winnings for retirement, as gambling is unpredictable and risky. Having a retirement plan should include savings, investing wisely, and seek professional advice. It varies based on an individual of how much the amount they needed to retire.
It is difficult to retire from gambling if they cannot get a big win and they will only try to gamble until they can win a big win then they stop their gambling activities and retire. Maybe some can, but only a few can retire from gambling after getting a big win, especially from lottery games with very large jackpot prizes. But many people can't retire from gambling and instead experience bankruptcy because they can't control themselves from their gambling games so they experience lots of losses and then spend all their money. If they want to retire from gambling, they don't need to wait until they get a big win because it is very difficult. They can stop immediately and will not stop gambling without waiting until they get a big win.

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February 10, 2024, 09:20:16 AM
 #195

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

No I didn't retire yet, not from gambling and not from crypto winnings. For that I would need a lot of more money. It's a bit hard to give one general answer for how much money you need to retire early. It would help to know more about you, where you live, what the average living expenses are in your country and if you already own a home or are renting. Assuming that we don't need to pay taxes on our gambling winnings I would say 4m USD is enough to retire. For 1m USD we can buy a home for ourselves, which leaves us with 3m. That money I would invest aiming for a 10% annual return to not take on too much risk. With 300,000 USD we should be fine to pay taxes and all bills, take care of our family, own a nice car and go on vacation every year. With less money than that I think the risk is too high what we need additional funds during a crisis and will have to start working again.
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February 10, 2024, 09:38:49 AM
 #196

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
maybe there are but not many, some people are determined to stop gambling because they get a big win, they are building a business and they don't like gambling anymore, but most people will gamble more and more often after they get a lot of wins, these wins make them more actively play because they want to get even bigger wins
When some one gets a big win and decides to stop gambling but rather, give attention or focus on building a business, then I also assume that such a person has decided to retire from gambling, so, I guess it's alright to assume that such a person have retired.

But for those who after winning the same huge amount of money and keep gambling, that's up to them, and I guess that also proves that they are enjoying the game they play, not just about them wanting to win more money.
For example, I myself, if it happens that I win a huge amount of money from gambling, I possibly might take a break from gambling for a while, this is to enable me focus and do something good with the money, after this,, I likely will continue to gamble, not because I want to win even more money, but for the fact that I just enjoy the game I play.

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February 10, 2024, 09:47:04 AM
 #197

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
I've not seen or heard about the retirement of a gambler because he /she is winning a good amount of Money. And also like what other said above gambling is different from job cause gambling will be never become our daily jobs cause it will not help us to make more money everyday which is there's no guarantee or assurance that we will win every time we put our bet. And also retirement is you don't need to gamble any more but in reality gamble is a habit that can not be controlled once a gambler become an addict.

R


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February 10, 2024, 09:52:50 AM
 #198

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
I've not seen or heard about the retirement of a gambler because he /she is winning a good amount of Money. And also like what other said above gambling is different from job cause gambling will be never become our daily jobs cause it will not help us to make more money everyday which is there's no guarantee or assurance that we will win every time we put our bet. And also retirement is you don't need to gamble any more but in reality gamble is a habit that can not be controlled once a gambler become an addict.
Of course, there are a small number of people who just gamble for fun without unexpectedly getting a big win, they don't gamble anymore because they know that if they continue to gamble they will get addicted, but this is just a small part, not the general picture.

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February 10, 2024, 06:06:30 PM
 #199


In the event that you're looking for the most effective way to get the most out of your home, then you've come to the correct place, If we look at it in terms of needs then it will be endless while we are still alive and the other is that everyone has a desire for everything that makes them interested, so of course if gambling can really provide income then obviously no one will stop doing it because the reason is clear as I said above that everyone needs money while they are alive.


The gambler who want to make the more money should use to play the game in the home.Because home with the room is essential for the free minded game.The game without the peace of the mind will leads to a loss,because the gamblers use to make the random get most of the time.Because the random betting was the cancer for the gambler,it will kill the holding assets of the gamblers in few hours.The desire of playing should be their to play the gambling at your old ages.Because many people get away from the gambling after the age of 40+ years because of the family commitments after the marriage will leads to quit after 40 years by gamblers.

On the other hand I quite agree with you that calmness can make us feel more exciting in every game we play, but if you mean that peace of mind can make you produce a much bigger win then I would honestly say that "it's not true", this is gambling where your money is at stake and in the end there are two answers at the end of the session between winning or losing, you will get one of the two results, meaning that you may win or vice versa.

Your advice is good regarding composure but I would say that it is more of a precautionary measure because by being calm your emotions can be minimized or you can avoid making some mistakes that you don't need to make, which means that composure really can't make you "very lucky" by getting a bigger winnings. However, I will say that you will get a big win if you are really lucky, nothing more than that.

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February 13, 2024, 11:16:31 AM
 #200

Anyone here who retired with Gambling winnings ?  If not, how much you think is sufficient to retire as Gambling winning ?
I wish to be one of those who retire through gambling winnings like from lottery. For me as long as I achieve financial freedom with the said winning it's all good. But since you asked us how much then I think if given a chance $1M would be enough for me and my family to live a safe, and decent life.
It depends on several factors, like where you live, what kind of life you want for yourself and your family in the future, and price hikes, inflation, and other important factors of the future because things won't have the same value forever and we all know that as we enter the future, our money will not have the same value anymore if they are stored in fiat currencies since they lose value if not value, they probably will lose purchasing power over time.

So, for some, $1M might be a lot, more than enough, to live a simple and good life, but for some, it might not be enough, especially if one wants to live a luxurious life with all the amenities and everything because you can't have everything in your life with just $1M, no matter where in the world you live.

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