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Author Topic: Use your winning responsibly  (Read 2134 times)
bakasabo
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January 08, 2024, 09:34:53 AM
 #101

This «use winning responsibly» only works when you win a large amount of money. For example if you win x10 or what your deposit, then it might you should be considering being responsible. But if you deposit $10, win $5 and withdraw $15, then what? Go to shop and buy food that wont expire for long time? Make investment? Or buy medicine for example? Imo with small winning people would be always irresponsible, no matter how financially educated, experienced in life or smart in general they are.

Finally I see a different situation by reading the ideas you convey, honestly I quite agree with your statement that the situation experienced by the OP is only when we are really lucky and then consider choosing a more appropriate and wise decision by prioritizing cashing out the winning amount, this is a situation where gamblers manage to get a big win which means several times the amount of capital they bring. But on the other hand, this wise consideration I think is quite difficult for them to choose if the winnings are not much, they will think and assume that "this amount is meaningless" even though basically it can also still be called a win and the difference may be only a small amount that is visible.

In situations like this I'm sure that most gamblers would prefer to prioritize greed over cashing out, honestly on the other hand maybe I will also admit that usually I will decide to cash out when I get a return with a percentage of 100%, for example bringing a capital of $10 and if for example it increases with a win and reaches the amount of $20 then usually I agree with myself to cash out.

Of course we should congratulate OP with turning 8k NGN into 328k NGN, but what he tells is rather obvious thing. If you win large amount, dont spend it stupidly on things you dont need. I think everyone would the same, buy something reasonable. For me this topic looks like "I bet, I win, I bought". Nothing to discuss for 5 pages.

Yes, the OP is lucky, shared his experience. But where is responsible gambling here, that OP is talking about? Placing 8k NGN with +73 odd looks irresponsible to me, as this is super risky.

R


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Victorybit1 (OP)
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January 08, 2024, 11:38:36 AM
 #102

Bro, congrats, but you still need a lot to do in that living room...lol. I hope you can win more next time to give me the contract. I got you. Wink

Sure, I have plans of doing more. I've always wanted to change my television and I used this chance for it. Hopefully other winnings will come and I will use it to decorate my living room.
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January 08, 2024, 11:59:28 AM
 #103

This «use winning responsibly» only works when you win a large amount of money. For example if you win x10 or what your deposit, then it might you should be considering being responsible. But if you deposit $10, win $5 and withdraw $15, then what? Go to shop and buy food that wont expire for long time? Make investment? Or buy medicine for example? Imo with small winning people would be always irresponsible, no matter how financially educated, experienced in life or smart in general they are.

Finally I see a different situation by reading the ideas you convey, honestly I quite agree with your statement that the situation experienced by the OP is only when we are really lucky and then consider choosing a more appropriate and wise decision by prioritizing cashing out the winning amount, this is a situation where gamblers manage to get a big win which means several times the amount of capital they bring. But on the other hand, this wise consideration I think is quite difficult for them to choose if the winnings are not much, they will think and assume that "this amount is meaningless" even though basically it can also still be called a win and the difference may be only a small amount that is visible.

In situations like this I'm sure that most gamblers would prefer to prioritize greed over cashing out, honestly on the other hand maybe I will also admit that usually I will decide to cash out when I get a return with a percentage of 100%, for example bringing a capital of $10 and if for example it increases with a win and reaches the amount of $20 then usually I agree with myself to cash out.

Of course we should congratulate OP with turning 8k NGN into 328k NGN, but what he tells is rather obvious thing. If you win large amount, dont spend it stupidly on things you dont need. I think everyone would the same, buy something reasonable. For me this topic looks like "I bet, I win, I bought". Nothing to discuss for 5 pages.

Yes, the OP is lucky, shared his experience. But where is responsible gambling here, that OP is talking about? Placing 8k NGN with +73 odd looks irresponsible to me, as this is super risky.
Winning on gambling does give out that kind of good feeling but on the time that you would really be that wise on taking assurance into those winnings that you had taken.
Buying up something that you should really be that wise considering that you might be losing back those money back again into the house if you do continue on playing gambling.
If you are really that wise then it would really be just that common that you would really be buying up something came from on your gambling winnings on which this would really be like a remembrance into the winnings that you have got on doing gambling.Yes, it might be that giving that kind of hesitance because you would really be using those amounts for
doing gambling even more but at least you have assured out on buying something that you could make use of.
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January 08, 2024, 12:00:16 PM
 #104

As you are gambling, make sure to use the money won to do something that you will be proud of and happy about. You can invest some in Bitcoin, buy properties, etc.
Do not use all the money back to gamble, that's not wise.
This is true. If you are one of the gamblers out there who is fortunate to win in gambling, think smart by withdrawing your profit and use the money to buy something good for yourself. It happened to me before as well, though the amount is not that huge. Just enough to buy food and some nice clothes. Well, it's been a while now since I last win in gambling. Anyway, congrats for winning and spending it for something useful for you. That's a wise decision.

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January 08, 2024, 12:18:11 PM
 #105

As you are gambling, make sure to use the money won to do something that you will be proud of and happy about. You can invest some in Bitcoin, buy properties, etc.
Do not use all the money back to gamble, that's not wise.
This is true. If you are one of the gamblers out there who is fortunate to win in gambling, think smart by withdrawing your profit and use the money to buy something good for yourself. It happened to me before as well, though the amount is not that huge. Just enough to buy food and some nice clothes. Well, it's been a while now since I last win in gambling. Anyway, congrats for winning and spending it for something useful for you. That's a wise decision.

Winning in gambling is not simple and when we win it's interesting to celebrate in any meaningful way that can improve our gambling experience. If you play gradually and follow some ethics you could win again. It's rare to find a gambler who haven't won some significant amount in the past. What matters is the consistency, how often the player wins. Gamblers who have other utilities that interests them are to be encouraged to maintain such attitude. Because as gamblers we need not to be intrigued by gambling alone. Switching interest within intervals helps us to escape addiction. A player like Op would hardly get addicted because he have other things he needs to add to his living room. Hence, he doesn't think about gambling alone, or investing his winnings back to gambling. Using our winning responsibly is a crucial aspect of gambling, every gambler need to adapt, instead of wagering all on gamble at once. Splitting it helps in maintaining our bank roll.

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Findingnemo
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January 08, 2024, 01:02:29 PM
 #106

As for reinvesting money, some people are too obsessed with it to the point that they only reinvest and never afford anything, then one day they realize that what they wanted all along they actually don't need anymore. Life is too short and every day can be our last - that's why I say "Memento Vivere".

Having a million dollars and buying a high-end tech is really different from having $100 as a bank balance and buying $1000 worth of TV. You are talking about the former but I am talking about the latter which is the majority who are unaware of financial independence get caught up in the consumerism trap and they work all their life to make someone's bank account get fat.

I do agree that we have to live our life and for that money is the most important thing. Wink

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BitcoinPanther
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January 08, 2024, 01:12:27 PM
 #107

You think buying bigger hi res TV as a responsible way of spending?

I see spending money items that we use for entertainment to be irresponsible but that's my opinion and your money you have the way of spending it. But ask again, you are going to make your life better if you see big pictures in a TV or if you invest on something that may give you returns later. Smiley

Not really, it depends if the person can afford the entertainment or not.  If a person need to borrow money to buy his entertainment item then that is very irresponsible of a person but @OP don't borrow the money, instead he used his winnings to buy the item he wanted.  It is a free money that he bought for his entertainment and I do not think that is an irresponsible act.   It can be considered  a better way to spend his winnings than losing it all to casino.  But of course there are better ways of spending the money like what you have stated but a comparison between what @OP did and losing the money back to the casino, @OP did the better thing.

I do agree that we have to live our life and for that money is the most important thing. Wink

One of the important thing probably but not the most important thing...
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January 08, 2024, 01:18:34 PM
 #108

Congratulations on your win and how you spent it wisely. It is memorable for sure because as the years go by when you see that television you will say that you bought it because of your winnings in gambling, it recalls your winnings and how you spent them. I haven't tried to win that huge amount but I always buy food whenever I win or eat at a restaurant just to treat myself and make my stomach full. I do hope others will do it too but there are only a small number of people doing that as others will re-bet it.
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January 08, 2024, 01:33:59 PM
 #109

Do you know why people still say trash about gambling, probably after winning they don't have any plan with their money and they just don't want to buy something valuable after winning so from year to year they can't brag with any property they achieved from their winning money that's why they keep saying trash about gambling, this act is very rare mostly in my area. Sometimes people should also see the good side of gambling and afterward let's not joke with the money rather let's use that money to buy something nice just like what the op did but greed will not allow some addict to do same.
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January 08, 2024, 02:13:34 PM
 #110

This «use winning responsibly» only works when you win a large amount of money. For example if you win x10 or what your deposit, then it might you should be considering being responsible. But if you deposit $10, win $5 and withdraw $15, then what? Go to shop and buy food that wont expire for long time? Make investment? Or buy medicine for example? Imo with small winning people would be always irresponsible, no matter how financially educated, experienced in life or smart in general they are.

Finally I see a different situation by reading the ideas you convey, honestly I quite agree with your statement that the situation experienced by the OP is only when we are really lucky and then consider choosing a more appropriate and wise decision by prioritizing cashing out the winning amount, this is a situation where gamblers manage to get a big win which means several times the amount of capital they bring. But on the other hand, this wise consideration I think is quite difficult for them to choose if the winnings are not much, they will think and assume that "this amount is meaningless" even though basically it can also still be called a win and the difference may be only a small amount that is visible.

In situations like this I'm sure that most gamblers would prefer to prioritize greed over cashing out, honestly on the other hand maybe I will also admit that usually I will decide to cash out when I get a return with a percentage of 100%, for example bringing a capital of $10 and if for example it increases with a win and reaches the amount of $20 then usually I agree with myself to cash out.

Of course we should congratulate OP with turning 8k NGN into 328k NGN, but what he tells is rather obvious thing. If you win large amount, dont spend it stupidly on things you dont need. I think everyone would the same, buy something reasonable. For me this topic looks like "I bet, I win, I bought". Nothing to discuss for 5 pages.

Yes, the OP is lucky, shared his experience. But where is responsible gambling here, that OP is talking about? Placing 8k NGN with +73 odd looks irresponsible to me, as this is super risky.

Yes it seems that the OP was really lucky at the time so he could buy the items he needed to complete the needs in his house, but this topic only dominates when someone is really lucky by managing to get a big win, of course with that then maybe we can complete the idea that in gambling it is not always about winning but there are two situations of winning and losing, the situation will be different and will not be included in the discussion in this topic if for example we lose. But overall I think what the OP is doing is something we should consider and follow in terms of using the winnings wisely rather than applying greed and starting over with an uncertain end result.

However this is a good idea but there will always be people out there who are still too sure of a much bigger win so they act on something that is never recommended in gambling such as applying greed, I see that the responsibility said and suggested by the OP is nothing more than allocating the winning budget for something wiser than putting it all back into gambling with an unknown end result.

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January 08, 2024, 02:23:45 PM
 #111

Do you know why people still say trash about gambling, probably after winning they don't have any plan with their money and they just don't want to buy something valuable after winning so from year to year they can't brag with any property they achieved from their winning money that's why they keep saying trash about gambling, this act is very rare mostly in my area. Sometimes people should also see the good side of gambling and afterward let's not joke with the money rather let's use that money to buy something nice just like what the op did but greed will not allow some addict to do same.
I wish I have an extraction Smerits, I would have given you some because you just said exactly what was on my mind, however that's true, many gamblers don't know what to use their money for, so even if they win bigger money or small money they will still use them to gamble instead of using part of it to buy or do something that when ever they sees it, they will remember where they got the money to buy them.
Like the OP, she did well because it is not every gambler that will do as she did, because some of them can might find it very difficult to stop playing and use their money to do important things for them.
Although, a lot of gamblers don't know what to use their money for, that's why they can still gamble and lose back the money that they win from gamble, think about it,,, most gamblers, if they win, they sill not withdraw the money, they will still gamble with it because they might be thinking that the money is not enough to do what they want to use it for and some gamblers don't really know what to use the money for.

R


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January 08, 2024, 02:31:59 PM
 #112

OP it's really nice to see evidence that some gamblers as still cashing out regardless that some others are also incurring losses but notwithstanding, it is a nice experience to win huge and utilize the money on important things that you'll look up to and also see that you've also achieved something in gambling but the problems with some gamblers is that after winning and buying things of this nature just like the plasma you bought, some gamblers even gamble more hard and before you know it they will exhaust the money they have and start thinking of reselling the property with which they bought with the money they won initially which is a very bad habit.

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January 08, 2024, 03:51:49 PM
 #113


As you are gambling, make sure to use the money won to do something that you will be proud of and happy about. You can invest some in Bitcoin, buy properties, etc.
Do not use all the money back to gamble, that's not wise.


Yes I'm doing that in fact, I bought a desktop with my winning and when I'm using it, it always reminds me that the desktop comes from my winning in the casino, we seldom win a big amount of money so if you win be big amount or even a small amount be sure to buy something of value, there's a pleasure when you buy stuff out of your winning, it makes you boast that at one point, you beat the house and make you gamble intelligently so you can buy more stuff if you win, so sometimes that motivation will help you win.   
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January 09, 2024, 08:44:08 AM
 #114

Winning on gambling does give out that kind of good feeling but on the time that you would really be that wise on taking assurance into those winnings that you had taken.
Buying up something that you should really be that wise considering that you might be losing back those money back again into the house if you do continue on playing gambling.
If you are really that wise then it would really be just that common that you would really be buying up something came from on your gambling winnings on which this would really be like a remembrance into the winnings that you have got on doing gambling.Yes, it might be that giving that kind of hesitance because you would really be using those amounts for
doing gambling even more but at least you have assured out on buying something that you could make use of.

You dont get it. It is ok that OP shared his luck and happiness of buying long time desired TV. I feel happy for him, his wish, goal is fulfilled now. But he was talking about responsibility, while his bet was rather irresponsible. He was talking about being wise when spending money won, but he has spent his money on a risky bet. That does not make sense. He was talking about one thing and did completely opposite previously.

And if we talk about spending wise, is buying a big TV a wise purchase (when he already had one)? This does not look like a thing of first necessity . Technologies go forward so quickly nowadays, that this TV has already lost its value.

R


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January 09, 2024, 09:11:03 AM
 #115

The only thanks I can give is to livecasino that do give we his campaign participants free spin. Last year, I remember I won over $450 in two free spins. The second was just two weeks ago that I won over $250. These money are the ones I used for something good.

There are other free spins given that I won. Sometimes I use it to gamble and won and sometimes I use it to gamble and lost. But my winning is also more than my losses. There were others I did not gamble with that I withdraw like the $200 and $250 that I won. These are the ones that I use for something good.

Aside those, I gamble with just little amount of money to win just small odd. If I win, I can use it to enjoy the weekend. If I lose, I will fund my gambling site account with 5% of my weekly earning. Those are small amount. Probably because of the approach I have towards gambling, my winning and losses are small and the winning can not be buy something expensive.

Yes, I see that among the qualified participants in the weekly bonus. As long as greed does not enter, the gambler will be able to win in his gambling. That's why most gamblers become irresponsible because of greed.

We know that it often happens when they win; they don't stop, they keep playing, and they don't notice that they gradually lose what they won again, so the ending still ends up being a loss, something that other people shouldn't imitate. gambler who is not yet greedy.



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January 09, 2024, 09:22:35 AM
 #116

You are right. Many did not get the idea of this topic. Imho it sound like "know where to stop". It actually does not matter how or on what gambler spends his winning. The most important is that he has beating his inner greedy goblin and withdraw balance and ended day with a profit. Realizing that you cant beat the casino or win its all money is what matters. Because if gambler does not understand this, then today he has won and withdraw money, but tomorrow he will deposit twice as more.

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January 09, 2024, 11:05:41 AM
 #117

Congrats OP.
That's true that despite we being gamblers, we still need to set aside some from our profits. It doesn't have to be big amount that we have to keep but it's all about your discipline per winnings that you make. It's fine to take a few of it and save it for something important you need to spend.
Don't forget about yourself that you need to buy things whether it's a need or a want.


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January 09, 2024, 11:10:45 AM
 #118



I'm just wishing and hoping that when you lose in the next gambling gaming you will never consider selling that TV just to have more funds to gamble and tell yourself to buy again once you win back your losses. Grin Grin
if you really are wise person then you should stop gambling instead  and use your money in more productive and more functional ways.

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January 09, 2024, 11:16:45 AM
 #119

Using your gambling wins wisely is the beat thing a gambler can do for himself. This is because if you use them to buy something that is important to you, you will be happy that you are a gambler that has used gambling to achieve something for yourself.

If you don't buy something with your wins, don't forget that you will still lose it back to gambling which makes it as if you never won. Also the money that we have being using to gamble for long, if we put it together, it would have reaches a significant amount, which can be used to achieve something good, no matter how small the amount that you use to gamble with. If you win and use your win wisely, it means that the amount you lost all through, part of it has been used for something good.

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January 09, 2024, 11:39:38 AM
 #120

Do you know why people still say trash about gambling, probably after winning they don't have any plan with their money and they just don't want to buy something valuable after winning so from year to year they can't brag with any property they achieved from their winning money that's why they keep saying trash about gambling, this act is very rare mostly in my area. Sometimes people should also see the good side of gambling and afterward let's not joke with the money rather let's use that money to buy something nice just like what the op did but greed will not allow some addict to do same.
Greed arises after winning the first time and thinking, I could win more if I gamble more. In the end, gambling is a trap for those who want more, a trap for people who are not using smart of their winnings, it goes back to the casino where it comes.

I've heard a story about our country that won the jackpot prize, it is a huge money but after a few months, all of it was gone including his assets and it is because of a wrong spending habit. And this will certainly happen to all the winners if mismanaged, it will turn to dust too quickly. Easy money, easy to lose as well.

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