How to manage gambling winnings

[Rabata]

I don't have a much more complicated computation on how I manage my winnings because I just do it in a very simple way. If I won, I'll be keeping 90% of that and reserve 10% to place bets again. But if that winning is worth a retirement fund or plans I think it will be enough for me to shorten my gambling session and instead focus more on investments.

I also try to save some of my winnings. I don't make those savings regularly but try to put some away from the big wins actually. Because I know that nothing is certain in gambling. If I can save some money then I will get support there in times of need. Moreover, a bettor must have such a financial system that he can get money from it regularly. If a gambler does not use his winnings properly then he will never be able to gamble long term. Those who wish to gamble continuously for a long period of time must ensure proper use of winnings.

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[Jody.Drummer]

In the event that you've got a lot of time on your hands, you're going to want to make sure that you're not going to have to spend a lot of money to get the job done, and that you're not going to have to spend a lot of money to get the job done, You can win because you are lucky and if you assume to put all the winnings back into gambling with the aim and hope of getting a much bigger win then you must really be prepared for the consequences which are very likely for you to lose again and everything you have gained is very likely to be lost.

We must understand that gambling  is always about winning and losing, meaning that you can win and can lose, so when you manage to get the winnings you really have to be able to make a very wise decision by preferring to cash it in because it is unknown whether you will be able to get a much bigger win or not when you apply greed.

This should be the same habitual action as receiving a salary, so that you can withdraw your winnings every few weeks, or at least once a month. This will help you see how much you can earn, or perhaps how much you are losing, each month.

Accounting is very important when it comes to finances, it is important to understand how profitable this activity can be for you. It is the analysis that can help you understand whether it is worth doing this, perhaps the profitability is disproportionately low compared to the time spent, and this will help you make a decision that gambling is not suitable for you as a way to earn money. Or perhaps you make money, but because you don’t withdraw your profits, you lose more in the future.

Because it is indeed a very good and wise decision to prefer cashing out when you are in a winning situation rather than applying greed. On the other hand, maybe we can use the method you suggested which is to make withdrawals as a mandatory thing to do when we are in a winning situation and calculate it within a certain period of time such as once a month or two months so that we can find out whether the number of wins is greater than the losses or vice versa and then we will be able to find out whether this gambling is an activity worth doing or not.

You're suggesting something good, but that's not the case because after all gambling is not an earning activity, so I think in general with the possibility of losing at any time along with the uncertainty of when you can win then that should be enough to consider that gambling is a high risk activity that should be avoided especially if you have a goal to earn. The main point is that people should be able to change their intentions and goals on gambling, if they come to earn then it is obviously very difficult for them to ignore the act of greed when the situation wins, and that means they should change their intentions to "gamble for fun" because with this then they will not have difficulty cashing out when they are in a winning situation.

[Docnaster]

I don't have a much more complicated computation on how I manage my winnings because I just do it in a very simple way. If I won, I'll be keeping 90% of that and reserve 10% to place bets again. But if that winning is worth a retirement fund or plans I think it will be enough for me to shorten my gambling session and instead focus more on investments.

I also try to save some of my winnings. I don't make those savings regularly but try to put some away from the big wins actually. Because I know that nothing is certain in gambling. If I can save some money then I will get support there in times of need. Moreover, a bettor must have such a financial system that he can get money from it regularly. If a gambler does not use his winnings properly then he will never be able to gamble long term. Those who wish to gamble continuously for a long period of time must ensure proper use of winnings.

Different people have their different ways of managing their gambling winnings and I'm very happy with this topic as I've been able to learn different ways of managing my gambling winning through it but I'll still have to share my own way of managing my gambling winnings as it might also be helpful to gambler out there.
Whenever I win in gambling, I immediately take 10% from my winning to merry as a way of celebrating my winning and after that, I bring out 15 to 20% of the winning and leave it in my gambling account for future use and then invest the remaining 70% in crypto trading. Any money I invest in my crypto trading is never to be used for anything that's not gonna be beneficial to me again

[IvugeoEvolutionCoin]

~snip~Many people forget to save most of their winnings and just use it for fun without thinking about their future. They don't think about investing their money in things that can provide benefits in the future and only think about the present. But if they can use their winnings well and wisely, they will get the benefits.

Most such people will only end up in prolonged depression due to losing a lot of money from their big winnings. Even though he could save his profits for other things, his only choice is to gamble and continue betting without any management. People like this don't have any planing, they just keep playing. I had a small winnings but I set them aside for emergencies and didn't use it all,

Before we start gambling we have to gamble with a small amount of money. If we start gambling with a large amount of money we will throw all the money away and spend extra time gambling. The less money we gamble.  I don't like to spend extra money for gambling. Whenever I start spending extra money for gambling I have to face various problems. So I don't want to spend money on gambling.  Lose so I don't like to gamble excessively.

[ethereumhunter]

I don't have a much more complicated computation on how I manage my winnings because I just do it in a very simple way. If I won, I'll be keeping 90% of that and reserve 10% to place bets again. But if that winning is worth a retirement fund or plans I think it will be enough for me to shorten my gambling session and instead focus more on investments.

I also try to save some of my winnings. I don't make those savings regularly but try to put some away from the big wins actually. Because I know that nothing is certain in gambling. If I can save some money then I will get support there in times of need. Moreover, a bettor must have such a financial system that he can get money from it regularly. If a gambler does not use his winnings properly then he will never be able to gamble long term. Those who wish to gamble continuously for a long period of time must ensure proper use of winnings.

It is recommended to set aside some of the big winnings and there is no definite amount that we can take because it will depend on each person and how much winnings we get. By setting aside part of the winnings, we can get additional money that we can use for other things to increase the allocation of money for daily needs. A wise gambler always does that when he manages to win a big win to have more money from gambling. By managing our winnings well, we no longer need to take money from our income because that can be enough money that we need to gamble another day to have money saved that is useful for the future.

[Mahanton]

~snip~Many people forget to save most of their winnings and just use it for fun without thinking about their future. They don't think about investing their money in things that can provide benefits in the future and only think about the present. But if they can use their winnings well and wisely, they will get the benefits.

Most such people will only end up in prolonged depression due to losing a lot of money from their big winnings. Even though he could save his profits for other things, his only choice is to gamble and continue betting without any management. People like this don't have any planing, they just keep playing. I had a small winnings but I set them aside for emergencies and didn't use it all,

Before we start gambling we have to gamble with a small amount of money. If we start gambling with a large amount of money we will throw all the money away and spend extra time gambling. The less money we gamble.  I don't like to spend extra money for gambling. Whenever I start spending extra money for gambling I have to face various problems. So I don't want to spend money on gambling.  Lose so I don't like to gamble excessively.

They key on here on the time that you do gamble is to make use or spend on the amount on which you can afford to lose. This is why it would really be that important that you should really know with those basic things because if you do make yourself not that mindful that much when it comes to this manner then you would really be that prone into tons of mistakes. This is why it would really be that best that you should be mindful
so that you would really be able to make out that kind of avoiding such addiction.Manage gambling winnings? You should really be that mindful whether you do call it a day and would be using those winnings into
another day or would really be just that planning or tending to make it use on buying something that you do like.

There are ones who are really that mindful on buying up something but majority would really be that spending it back again on gambling on which this is the case.
People would really be that mindful and be greedy so that you would really be that continuing into the things on what you are doing.
So its a matter of choice in between those things.

[borovichok]

I don't have a much more complicated computation on how I manage my winnings because I just do it in a very simple way. If I won, I'll be keeping 90% of that and reserve 10% to place bets again. But if that winning is worth a retirement fund or plans I think it will be enough for me to shorten my gambling session and instead focus more on investments.

I also try to save some of my winnings. I don't make those savings regularly but try to put some away from the big wins actually. Because I know that nothing is certain in gambling. If I can save some money then I will get support there in times of need. Moreover, a bettor must have such a financial system that he can get money from it regularly. If a gambler does not use his winnings properly then he will never be able to gamble long term. Those who wish to gamble continuously for a long period of time must ensure proper use of winnings.

Savings are very good because it is good to have something to fall back to at all times but when we save from our winnings we should use it for something productive and not to use the savings for gambling. Saving needs discipline it is this discipline that will prevent the gambler from gambling with the money. I remember saving money from my winnings but unfortunately, I still used the money to gamble when I felt I would win and even increase my savings.

However, what I learnt from my experience is that saving with a winning from gambling is like reserving money to gamble later so I only save from my monthly income and whenever I win from gambling I use it to pay bills and then gamble with the remaining money.

[Shishir99]

Before we start gambling we have to gamble with a small amount of money. If we start gambling with a large amount of money we will throw all the money away and spend extra time gambling. The less money we gamble.  I don't like to spend extra money for gambling. Whenever I start spending extra money for gambling I have to face various problems. So I don't want to spend money on gambling.  Lose so I don't like to gamble excessively.

Actually, you have repeated the same thing over and over so your text reads longer. I understood what you tried to say. You know that there is a saying, You should gamble only if you can afford to lose. Do not deposit an amount that you cannot afford to lose. When you deposit a low amount of money, you won't be able to place big bets.

You don't have to spend extra money there. I am not sure what did you mean by extra money. But I am sure you didn't mean it as left over money. Just make a deposit what you could lose so you don't care about it if you lose it. It's all about win and lose.

[danherbias07]

Before we start gambling we have to gamble with a small amount of money. If we start gambling with a large amount of money we will throw all the money away and spend extra time gambling. The less money we gamble.  I don't like to spend extra money for gambling. Whenever I start spending extra money for gambling I have to face various problems. So I don't want to spend money on gambling.  Lose so I don't like to gamble excessively.

Actually, you have repeated the same thing over and over so your text reads longer. I understood what you tried to say. You know that there is a saying, You should gamble only if you can afford to lose. Do not deposit an amount that you cannot afford to lose. When you deposit a low amount of money, you won't be able to place big bets.

You don't have to spend extra money there. I am not sure what did you mean by extra money. But I am sure you didn't mean it as left over money. Just make a deposit what you could lose so you don't care about it if you lose it. It's all about win and lose.

I guess he really just wants to point out what he means.

It's true, we don't have to spend too much on gambling. We don't have to worry about others telling us that we are cheap, they won't know and they should not care about it.
Don't stay with the chatboxes of the gambling sites because most people there are judgmental, they will say we are cheap because we are still on the lowest VIP rank. I've heard that a lot of times there. My account's life is a year but I don't give a damn if I am still a VIP 1, they wasted money to rank up, and I didn't. So who is the real winner?
Bet at your own amount, what you can afford to lose, and will not be stressed out even if you get rekt. I mean, the price where you can still sleep sound at night and would not worry about what you lost.
It's better that way than being stressed out at what you did and thinking you made a big mistake by betting too much which could've been for something else like paying the bills, going out for fun, or whatever entertainment you want from that money.
Gambling is entertainment, let's not forget that and we could be entertained only if we use the right amount that we can still swallow if we lose at the end of the day.

[slapper]

I don't have a much more complicated computation on how I manage my winnings because I just do it in a very simple way. If I won, I'll be keeping 90% of that and reserve 10% to place bets again. But if that winning is worth a retirement fund or plans I think it will be enough for me to shorten my gambling session and instead focus more on investments.

I also try to save some of my winnings. I don't make those savings regularly but try to put some away from the big wins actually. Because I know that nothing is certain in gambling. If I can save some money then I will get support there in times of need. Moreover, a bettor must have such a financial system that he can get money from it regularly. If a gambler does not use his winnings properly then he will never be able to gamble long term. Those who wish to gamble continuously for a long period of time must ensure proper use of winnings.

Savings are very good because it is good to have something to fall back to at all times but when we save from our winnings we should use it for something productive and not to use the savings for gambling. Saving needs discipline it is this discipline that will prevent the gambler from gambling with the money. I remember saving money from my winnings but unfortunately, I still used the money to gamble when I felt I would win and even increase my savings.

However, what I learnt from my experience is that saving with a winning from gambling is like reserving money to gamble later so I only save from my monthly income and whenever I win from gambling I use it to pay bills and then gamble with the remaining money.

Cycle you're in? Even the most disciplined fall for this classic trap. You've noticed a pattern, but here's the twist: Gambling savings are an illusion, not a financial strategy. Not solid ground, but quicksand. You're right about distinguishing gambling gains from stable income. That's smart. But change our approach. Savings should be holy. The intent matters, not the source. Make your monthly money your castle. As for winning? I have a fresh idea: invest them in an out-of-reach fund for future needs

You mentioned a discipline? It matters. But it's not only about gambling prevention. Building a savings wall for the future. Consider it financial hygiene. Instead of gambling it away, do something constructive with it

[tygeade]

I also try to save some of my winnings. I don't make those savings regularly but try to put some away from the big wins actually. Because I know that nothing is certain in gambling. If I can save some money then I will get support there in times of need. Moreover, a bettor must have such a financial system that he can get money from it regularly. If a gambler does not use his winnings properly then he will never be able to gamble long term. Those who wish to gamble continuously for a long period of time must ensure proper use of winnings.

It is recommended to set aside some of the big winnings and there is no definite amount that we can take because it will depend on each person and how much winnings we get. By setting aside part of the winnings, we can get additional money that we can use for other things to increase the allocation of money for daily needs. A wise gambler always does that when he manages to win a big win to have more money from gambling. By managing our winnings well, we no longer need to take money from our income because that can be enough money that we need to gamble another day to have money saved that is useful for the future.

This is the right way to go, there is really nothing that we could do to with the extra money right away that would not make us lose it all. So, the smart way would be just making sure that we put that aside for our future gambling, and depending on the amount maybe even just put it aside for something totally different. I get that it is going to be a tough thing, but at the end we have done something wonderful with winning, so why risk it further by doing something that would not be all that crazy.

Just focus on what you could do, and in return we could end up with a good way of making profit. So all in all, I think we should probably cause something that would not be all that easy, it has to be something that will go beyond temptation.

[ethereumhunter]

This is the right way to go, there is really nothing that we could do to with the extra money right away that would not make us lose it all. So, the smart way would be just making sure that we put that aside for our future gambling, and depending on the amount maybe even just put it aside for something totally different. I get that it is going to be a tough thing, but at the end we have done something wonderful with winning, so why risk it further by doing something that would not be all that crazy.

Just focus on what you could do, and in return we could end up with a good way of making profit. So all in all, I think we should probably cause something that would not be all that easy, it has to be something that will go beyond temptation.

As long as we can manage everything, we will not encounter any problems. We can use the winning money well and still prepare some money to gamble another day after we can calm down from the winnings and enjoy the winning money. We will also remember how difficult it was to get that big win so that we can appreciate the winning money we have earned and will not gamble excessively. We must be able to try to manage our winnings to get a better life.

As long as we have arranged everything and we don't exceed the limits of what we can afford, we can enjoy it well. Even when gambling, we can also enjoy gambling so that we won't experience any problems and won't become addicted to gambling, which has become a problem for many people.

[zuzie]

~snip~Many people forget to save most of their winnings and just use it for fun without thinking about their future. They don't think about investing their money in things that can provide benefits in the future and only think about the present. But if they can use their winnings well and wisely, they will get the benefits.

Most such people will only end up in prolonged depression due to losing a lot of money from their big winnings. Even though he could save his profits for other things, his only choice is to gamble and continue betting without any management. People like this don't have any planing, they just keep playing. I had a small winnings but I set them aside for emergencies and didn't use it all,

Before we start gambling we have to gamble with a small amount of money. If we start gambling with a large amount of money we will throw all the money away and spend extra time gambling. The less money we gamble.  I don't like to spend extra money for gambling. Whenever I start spending extra money for gambling I have to face various problems. So I don't want to spend money on gambling.  Lose so I don't like to gamble excessively.

Your opinion is absolutely correct, when we want to start gambling and our beliefs are still in doubt then we should gamble using only a small amount of money, then when we win we need to pay attention that we need to save some of our winnings. daily needs and don't think that when we gamble again using a lot of money, we will win again, even though the success is still in doubt.
It is better to play according to a small budget. If we lose we don't feel like we have lost much and when we win, even though the result is not much, we have to be able to accept it.

[Hirose UK]

~snip~

As long as we can manage everything, we will not encounter any problems. We can use the winning money well and still prepare some money to gamble another day after we can calm down from the winnings and enjoy the winning money. We will also remember how difficult it was to get that big win so that we can appreciate the winning money we have earned and will not gamble excessively. We must be able to try to manage our winnings to get a better life.

As long as we have arranged everything and we don't exceed the limits of what we can afford, we can enjoy it well. Even when gambling, we can also enjoy gambling so that we won't experience any problems and won't become addicted to gambling, which has become a problem for many people.

If you can manage everything, but most gamblers don't have financial management and can't manage everything when they win or even lose.
Average gambler fails in managing or managing every decision taken regarding financial sustainability in gambling, they will use winning money to increase the number of bets and deposit money when they lose.
This is almost the same context because everything will be related to how to manage and organize finances well, but on the other hand what they do is surprising because they only do whatever it is based on excessive ambition.
We can find many gamblers with this kind of attitude anywhere and at any age.

Have fun, this is mindset and approach in gambling that will be able to bring us to enjoy every end result of every betting session carried out, of course this will have quite significant impact on security in maintaining finances for gambling.

[danherbias07]

I don't have a much more complicated computation on how I manage my winnings because I just do it in a very simple way. If I won, I'll be keeping 90% of that and reserve 10% to place bets again. But if that winning is worth a retirement fund or plans I think it will be enough for me to shorten my gambling session and instead focus more on investments.

I also try to save some of my winnings. I don't make those savings regularly but try to put some away from the big wins actually. Because I know that nothing is certain in gambling. If I can save some money then I will get support there in times of need. Moreover, a bettor must have such a financial system that he can get money from it regularly. If a gambler does not use his winnings properly then he will never be able to gamble long term. Those who wish to gamble continuously for a long period of time must ensure proper use of winnings.

It will be good if you can discipline yourself to make that a habit because I agree, nothing is certain in gambling. Other gambling sites have a "vault" feature in them. If you want to save some, you could put it there in the meantime and then withdraw it if you feel like it's time or you reach the certain amount where it's decent to withdraw without getting hurt by the transaction fees or have a planned amount where you won't hesitate to withdraw it.
Mine was if I win $40, I'd rather withdraw it than risk it being left on a gambling site where the enemy is my urge that could make me gamble it again.

It's nice to have this kind of plan. We need it. I think that is one of the characteristics of being a responsible gambler. If we know when to stop and enjoy the profits then we are still good. We ain't gambling addicts or whatever they call it now. It's all just mental, somehow we got to have a strong mentality about when to stop and when to continue.

[Shishir99]

It's true, we don't have to spend too much on gambling. We don't have to worry about others telling us that we are cheap, they won't know and they should not care about it.
Don't stay with the chatboxes of the gambling sites because most people there are judgmental, they will say we are cheap because we are still on the lowest VIP rank. I've heard that a lot of times there. My account's life is a year but I don't give a damn if I am still a VIP 1, they wasted money to rank up, and I didn't. So who is the real winner?

Who cares about those haters? I don't give a damn if someone says something about my bet. It's my own money. If you care about my bet, why don't you tip and ask me to place a bet for you? LOL. To be honest, I haven't seen anyone telling that I am placing low amount bets because I do not engage in casino chats.

I guess the new casinos does not want to implement chat for their players for various reasons like spamming, begging etc. I know only few casinos which still allows players to chat while they play.

[junder]

Your opinion is absolutely correct, when we want to start gambling and our beliefs are still in doubt then we should gamble using only a small amount of money, then when we win we need to pay attention that we need to save some of our winnings. daily needs and don't think that when we gamble again using a lot of money, we will win again, even though the success is still in doubt.
It is better to play according to a small budget. If we lose we don't feel like we have lost much and when we win, even though the result is not much, we have to be able to accept it.

Gambling is different, some require using a fairly large budget and some can use a small budget, but whether small or large the budget for gambling is the same, it is clear that defeat dominates, it is rare to win in gambling. but what you say is true, we have to gamble with a small budget, because even with a small budget, there is still a chance of winning, but there is still a chance of losing with the possibility of losing.

In my opinion, there are rarely wins that can be obtained, this is the right reason for managing gambling winnings, many wins are in vain because there are gamblers who win at gambling but they waste their winnings, by continuing gambling and also by increasing the amount of their bet because they are still want to get bigger wins. So that in the end what will most likely happen is defeat and the loss of the victory that has been obtained. In my opinion, when you win at gambling, the best choice is to cash it in and leave gambling to enjoy the win, and if you still want to gamble, it's better to gamble again another day, don't continue gambling when you've won.

[Quidat]

It's true, we don't have to spend too much on gambling. We don't have to worry about others telling us that we are cheap, they won't know and they should not care about it.
Don't stay with the chatboxes of the gambling sites because most people there are judgmental, they will say we are cheap because we are still on the lowest VIP rank. I've heard that a lot of times there. My account's life is a year but I don't give a damn if I am still a VIP 1, they wasted money to rank up, and I didn't. So who is the real winner?

Who cares about those haters? I don't give a damn if someone says something about my bet. It's my own money. If you care about my bet, why don't you tip and ask me to place a bet for you? LOL. To be honest, I haven't seen anyone telling that I am placing low amount bets because I do not engage in casino chats.

I guess the new casinos does not want to implement chat for their players for various reasons like spamming, begging etc. I know only few casinos which still allows players to chat while they play.

True, even to myself would really be definitely be saying this on which its none others business on how should i be spending up my winnings or with my own money since its mine then
you dont have the rights on telling on what should i gonna do, whether i would be buying up something or would really be spending it all back into the house or casino.
Somewhat i do agree into those points that spending up on something tangible or something that you could hold is something that would really be that considerable too.
There are really just those individuals who are really that mindful when it comes into this aspect but well each person is different when it comes to approach.

[Fredomago]

It's true, we don't have to spend too much on gambling. We don't have to worry about others telling us that we are cheap, they won't know and they should not care about it.
Don't stay with the chatboxes of the gambling sites because most people there are judgmental, they will say we are cheap because we are still on the lowest VIP rank. I've heard that a lot of times there. My account's life is a year but I don't give a damn if I am still a VIP 1, they wasted money to rank up, and I didn't. So who is the real winner?

Who cares about those haters? I don't give a damn if someone says something about my bet. It's my own money. If you care about my bet, why don't you tip and ask me to place a bet for you? LOL. To be honest, I haven't seen anyone telling that I am placing low amount bets because I do not engage in casino chats.

I guess the new casinos does not want to implement chat for their players for various reasons like spamming, begging etc. I know only few casinos which still allows players to chat while they play.

I like that statement,  it's your money that you are using and they don't have any business about, whether you are playing in a low pace or you are just doing it for killing some time, and like the post above you said, it's not that you don't want to place larger bets but it's being wise to secure your money,  as long as you know your intentions and you are not begging to them to give money, there's no problem if how you feel and how you take your gaming.

More on working on your own and not being bothered by anything, if you  win then stop with the smile, if you lose then move forward and keep the enjoyment with you.

[Docnaster]

Whenever I win big and decides to keep the money without investing somewhere that I won't easily access the money until a stipulated duration, I'll end up losing all the winnings to gambling again and that's why I'm always quick to wisely invest my winnings where I won't easily access it.
That's my way of managing my winnings to avoid future regrets and would advise anyone who gambles to also to same