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Author Topic: How to manage gambling winnings  (Read 2244 times)
el kaka22
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February 15, 2024, 01:21:52 AM
 #221

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.

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February 15, 2024, 01:38:11 AM
 #222

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.
When it comes on winning some money or earning it on various sources on which if its big or even small then it would be better that you shouldnt really be telling about money.
You arent really that making yourself that being swarmed with those people around but also you are really that putting up yourself at risks when it comes to this.
This is why it would really be that best that you should really have those kind of limitation when it comes on letting someone know about these things.

Gambling wins could neither be spend out or would be used in means of investment on which this is something that will really be that depending on a certain
person on which not all would really be that having that kind of approach when it comes into their winnings. This is why it would be best that
you should really be mindful about investing on which adding up the income source.

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February 15, 2024, 02:43:27 AM
 #223

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.

True, hiding or keeping the victory a secret from others one of which may be a friend is an option, I must advise you to ask yourself about whether if you tell them about the victory you managed to get you will really be sincere to share that victory with others? If not and your intention is nothing more than just bragging about the winnings you managed to get then obviously the choice is better not to tell anyone, because as we know that according to some people asking or claiming other people's winnings especially some friends who are lucky is a tradition in gambling and therefore when you are not willing to share it better keep it a secret because obviously in the end it can be a problem in a friendship relationship, And also like you said that sometimes we like to complain about running out of money so it's better to manage and keep the winnings to yourself but when it comes to the closest people in your life like your family or partner then I think it's a choice and it's fine if you tell them.

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February 15, 2024, 09:46:19 AM
 #224

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.
It is normal for us to complain often because it is human nature. And we also don't need to complain to anyone about what we are facing even though we feel it is difficult because we need a place to talk about our problems. But when it comes to getting winnings from gambling, we have to be able to manage it well and don't need to share it with people we don't know well. And even though they are people we know, we must be more selective in sharing our winning moments.

And we should only share our winning moments with our partners or parents because they are the ones who accompany us all the time. Outside of those people, we don't need to share it with them because we don't know what they will do to us. Maybe some people will approach us because they know we won a lot of money, so they want to ask for a little money, among other reasons.

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BitcoinTurk
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February 15, 2024, 12:45:15 PM
 #225

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.

Definitely, we should never talk about our wins and losses to others because talking about it may cause different problems. In particular, in case of possible high winnings, we should never tell or show this to anyone because in such cases we may become the target of malicious people and become prey. This is true, not only in gambling but also in investing and similar situations as you mentioned. In fact, as you stated this is valid not only for the earnings obtained from gambling or investment but also for a person's assets because knowing others about your assets is also enough to become a prey.

For example, everyone thinks that I can be rich in cryptocurrency because I have been trading in the cryptocurrency markets since 2012 but no one can confirm this since no one has seen the balance in my wallets and I have never shown it to anyone. So, no one including my family knows whether I am a real millionaire or whether I have the same financial assets as I do in my daily life because I don't earn any profits just by following cryptocurrencies.
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February 15, 2024, 01:13:16 PM
 #226

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.
And we should only share our winning moments with our partners or parents because they are the ones who accompany us all the time. Outside of those people, we don't need to share it with them because we don't know what they will do to us. Maybe some people will approach us because they know we won a lot of money, so they want to ask for a little money, among other reasons.
Yes, and in my opinion, the only people we can fully trust are our parents or other close relatives, as they are the only ones who know us well enough to fully understand even the smallest problems we may have. However, I believe that if we disclose it to others who are not family members, we may open ourselves up to people who could turn on us or have malicious motives. Additionally, it's possible that some people are merely reaching out to you because they know you win big at gambling or have a profitable business. In this case, they're more likely to try to build a personal relationship with you in order to ask for a favor or take advantage of another opportunity to gain anything from you. Therefore, it's crucial that we only tell our closest family members about our victories since they are the ones who can honestly advise us on whether the path that we are going to take is right or wrong.
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February 15, 2024, 01:32:58 PM
 #227


The more important point is to have the right understanding about gambling, and with the right understanding then I am sure you will not make gambling as a place to earn because you know that the possibility of risk is much greater while on the other hand your winnings always depend on how lucky you are when running a session, so if you really feel that you are experiencing financial problems after you get involved in gambling then I think you have to correct your understanding along with changing your approach to gambling.

Good and accurate understanding will lead us on a good path. In gambling, good understanding will be very useful for us so that we don't gamble continuously and prevent us from becoming addicted to gambling. It is true that if we are experiencing difficulties regarding the finances we use in gambling, we should immediately think logically and correctly that gambling is not a place to make money, and immediately think about getting out of there.

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February 15, 2024, 01:53:06 PM
 #228

True, hiding or keeping the victory a secret from others one of which may be a friend is an option, I must advise you to ask yourself about whether if you tell them about the victory you managed to get you will really be sincere to share that victory with others? If not and your intention is nothing more than just bragging about the winnings you managed to get then obviously the choice is better not to tell anyone, because as we know that according to some people asking or claiming other people's winnings especially some friends who are lucky is a tradition in gambling and therefore when you are not willing to share it better keep it a secret because obviously in the end it can be a problem in a friendship relationship, And also like you said that sometimes we like to complain about running out of money so it's better to manage and keep the winnings to yourself but when it comes to the closest people in your life like your family or partner then I think it's a choice and it's fine if you tell them.


The gamblers who had bad friends who get jealous on their victory,they should avoid of sharing to those people.Because they will not happy on their victory,instead share to the friend who was with you in your hard times.All the gamblers get the hardest situation when they had loss the funds in the gambling site,the gambling loss is not the repeated one.But it was the alternative one.Some people will give loan money to balance the loss in the gambling site.So don’t forgot those people who help at the hardest time.If possible help your friends after you had earned huge money at the time of gambling luck.Every gambler get the luck in the gambling site.
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February 15, 2024, 02:42:58 PM
 #229


The more important point is to have the right understanding about gambling, and with the right understanding then I am sure you will not make gambling as a place to earn because you know that the possibility of risk is much greater while on the other hand your winnings always depend on how lucky you are when running a session, so if you really feel that you are experiencing financial problems after you get involved in gambling then I think you have to correct your understanding along with changing your approach to gambling.

Good and accurate understanding will lead us on a good path. In gambling, good understanding will be very useful for us so that we don't gamble continuously and prevent us from becoming addicted to gambling. It is true that if we are experiencing difficulties regarding the finances we use in gambling, we should immediately think logically and correctly that gambling is not a place to make money, and immediately think about getting out of there.


Think about making a pause and try to reset everything. If you feel that you are getting too deep, and you see that you are almost in the position where you can't control your emotions, better to stop and quit before you, gone deeply and unable to escape from becoming addicted, I agree with your statement regarding to proper understanding as it will allow us to keep in the safe side and not to fall into any possibility that you'll become addicted.

Controlling yourself and keep that positive mindset where if you win then quit with the money, if you lose, move forward and forget about adding more deposit to recover as quick as possible, luck is not always beside you, most of the time your aggressions made you lose more than what you can afford.

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February 15, 2024, 03:23:02 PM
 #230

Controlling yourself and keep that positive mindset where if you win then quit with the money, if you lose, move forward and forget about adding more deposit to recover as quick as possible, luck is not always beside you, most of the time your aggressions made you lose more than what you can afford.

Self-control is actually very important before playing gambling because we can control ourselves when we lose and are not reckless in making a deposit just to recover from our losses and yes, it is true that it is important to use a positive and healthy mindset because we can try to control ourselves properly when we win. withdraw money then leave and when we lose we don't really chase it or try to recover it, after all when playing gambling, besides having to be ready to win, you also have to be ready to lose at gambling.

This really has to be instilled in our mindset where gambling doesn't always give us a win, sometimes we are not always lucky and get a win so in the end we have to accept every loss we get, that's how to understand gambling because gambling isn't just about winning. but also defeat too, people sometimes never understand how to control themselves like that, so many of them end up addicted to gambling. different for those gamblers who can control themselves when gambling.

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February 15, 2024, 03:30:50 PM
 #231

Controlling yourself and keep that positive mindset where if you win then quit with the money, if you lose, move forward and forget about adding more deposit to recover as quick as possible, luck is not always beside you, most of the time your aggressions made you lose more than what you can afford.

Like you rightly said, self control is actually very vital whenever we are gambling as it'll help us not to take any decision that we might just regret later when we are done with our gambling activities.
When a gambler lacks self control and wins big in gambling, he might not wisely put his winnings to good use which will make him to regret his actions later. So when a gambler wins, he's expected to invest his winnings into something meaningful that'll financially back him up whenever he needs money instead of lavishing his winnings by making excess merry.

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February 15, 2024, 03:59:29 PM
Last edit: February 17, 2024, 01:28:07 PM by Asuspawer09
 #232

I mean that is a great strategy for sure keeping a small portion for sure is going to be great in the long run creating small interest as well could pay off through the years of investing. It is just like saving a portion of percentage of your salary and putting it investing it in Bitcoin or cryptocurrency so that it might make some profit or interest in the future.

But I just couldn't keep up, well congratulations if that is what you're doing to keep on making money on gambling, but I just can't imagine how you can keep up winning even though you could average it per year, for sure there might be some year where you actually lose some on your investment right? Or are you just great at gambling that you could keep up and keep on winning? Considering the tax it might be difficult to make some profit overall if you're not actually lucky, It is probably possible but there are only a few who are able to make a living on gambling, and huge loses as well could easily make you break.

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tusandii
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February 15, 2024, 03:59:46 PM
 #233

Controlling yourself and keep that positive mindset where if you win then quit with the money, if you lose, move forward and forget about adding more deposit to recover as quick as possible, luck is not always beside you, most of the time your aggressions made you lose more than what you can afford.

Like you rightly said, self control is actually very vital whenever we are gambling as it'll help us not to take any decision that we might just regret later when we are done with our gambling activities.
When a gambler lacks self control and wins big in gambling, he might not wisely put his winnings to good use which will make him to regret his actions later. So when a gambler wins, he's expected to invest his winnings into something meaningful that'll financially back him up whenever he needs money instead of lavishing his winnings by making excess merry.
Gambling responsibly and with self-control is very important before deciding to start gambling because these two important aspects can help us avoid the evils of gambling if we gamble excessively and not only that, gambling with good self-control can help a person gamblers must manage their finances well, for example, if luck is not on their side, of course we have the decision to end the gambling session and if we get a win, we will definitely decide to stop betting without expecting an even bigger win.

From what you have said and what I have said, this really really helps gamblers to be safe when gambling or if they don't have good self-control, there are always signs of addiction that we are not aware of.

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February 15, 2024, 06:58:04 PM
 #234

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.
Not only security, but simplicity. In a society when everyone's bragging about their gains, isn't playing the underdog thrilling? I wonder: does constant underestimate not fatigue you? I see it as a double-edged sword. It keeps gold-diggers away, but I sometimes feel like I'm not being myself. Even in informal betting or financial chats, judicious sharing is an art.

I support "fun gambling" with information and money. Keep your cards near and bluff occasionally in this clever strategy. The actual talent is knowing when to release enough riches to make the game exciting, not just hiding it.

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February 15, 2024, 07:06:51 PM
 #235

The one common thing that everyone talks about is the fact that you should never share it with anyone. This isn't even just something you could tell to other people when it's regular trading or investment neither. Basically, it is clear that you should not tell that you have money to anyone ever, that's the most important part. I like to just keep on complaining that I have none and life is so expensive, sometimes it's true that I have none, sometimes I do have some money but yet I still complain.

Everyone thinks that I am very poor, and there are times when I was rich, I still made them believe that I am poor. That's the most important part. I get that we are going to have very close people, like parents or spouse, they can know about it.

Well, it's true that we should not tell everyone that we have been earning that much amount of money through gambling or by any other means but that is just one thing and there are a number of reasons for this but this is not what is meant by the "Managing the gambling winnings".

I guess, managing the gaming winnings means that the gambler is able to secure his winnings and able to withdraw the winning and use it for non-gambling purposes. Most of the gamblers will just keep on playing with the winnings amount and will lose everything, thus not enjoying the winnings.

If only we know that how much percentage of gambling winning, we would be playing with and how much percentage of gambling winning we would be taking out of gambling, these calculations would help us a lot in securing our profits.

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February 15, 2024, 07:14:11 PM
 #236

Controlling yourself and keep that positive mindset where if you win then quit with the money, if you lose, move forward and forget about adding more deposit to recover as quick as possible, luck is not always beside you, most of the time your aggressions made you lose more than what you can afford.

Like you rightly said, self control is actually very vital whenever we are gambling as it'll help us not to take any decision that we might just regret later when we are done with our gambling activities.
When a gambler lacks self control and wins big in gambling, he might not wisely put his winnings to good use which will make him to regret his actions later. So when a gambler wins, he's expected to invest his winnings into something meaningful that'll financially back him up whenever he needs money instead of lavishing his winnings by making excess merry.
Gambling responsibly and with self-control is very important before deciding to start gambling because these two important aspects can help us avoid the evils of gambling if we gamble excessively and not only that, gambling with good self-control can help a person gamblers must manage their finances well, for example, if luck is not on their side, of course we have the decision to end the gambling session and if we get a win, we will definitely decide to stop betting without expecting an even bigger win.

From what you have said and what I have said, this really really helps gamblers to be safe when gambling or if they don't have good self-control, there are always signs of addiction that we are not aware of.
Control is the key but this is where most people do really fail on doing so specially on the time that they are neither on winning or losing state. When they are losing then stopping and dont chase up
loses is something the key point on here but majority do failed up on following on this one, same goes when you are on winning state on which on the time that you would really be finding
on gaining but ending up on losing it again back into the house then its not worth. This is where self control should really be kicking in on the time that you would really be securing those wins
on buying up something tangible or something that you can hold or something that you could benefit with specially if the amount is significant but lets focus on something small
then buying up something isnt really that a bad idea i should say.

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February 15, 2024, 08:29:12 PM
 #237

~

Understanding this will prevent us from being addicted to gambling, because we know that gambling luck is not easy for us to get, but we will often experience many losses, so that if we gamble we will not get anything. really hope to win, there will definitely be a win. defeat and we definitely shouldn't get carried away by the temptation of strategies in gambling.

Another reason why being able to analyze and evaluate the real odds and risks in gambling can assist you in making informed choices and reduce the likelihood of losing a large amount of money.

One of the most important things to remember when engaging in gambling is to avoid strategic plans and making yourself bet more after an unsuccessful round; it’s not good for your financial and mental health. But always bear in mind that gambling should be played wisely and with the understanding that losing is part of the gambling experience.

winning at gambling depends on luck and the amount of winning at gambling also depends on the number of bets we make, the bet is small then the winnings will also be small, gambling with large bets then the winnings can also be large, but what is clear is that if it is You are lucky by getting a win, because whether the bet is big or small, there is no guarantee that you will win for sure. with many gamblers experiencing big losses, this is due to their thinking that they are sure that the gambling they do can give them big wins, but in reality the beliefs and hopes they have tend to only result in losses which can also be large.

with the fact that many people say that winning at gambling is based on luck, it has been proven that the percentage of losing at gambling is large, therefore if you have indeed won at gambling then the thing you have to do is withdraw it, if you do continue gambling again you tend to will trigger emotions and the desire to gamble, which can occur through carelessness, excessive courage, such as being more daring in increasing the amount of the bet but not paying attention to the downside, which also increases, and I think the big chance of continuing gambling after winning is losing. which will trigger us to lose control which could make us deposit more money to gamble because we want to recover the winnings we have lost.

It is true that when it comes to gambling, luck plays a significant role in determining the outcome of the game. thus, a gambler cannot win all their bets. Even when you stake a big amount of money, there is no assurance that you will walk away with a large sum of money. In other words, one can win huge amounts but also lose equivalent amounts. An important factor in keeping gambling under control is being aware of the actual nature of these opportunities and risks. In case you are lucky enough to win a bet, it is suggested to cash out your winnings and not fall into an endless cycle of hoping to win more through continuous gambling.

Recognizing that fortune plays a vital role in gambling can save you from being haunted by emotions and making hasty decisions once you succeed. Continuing to bet after winning may be quite perilous since it stirs up emotions and an urge to win back what has been lost, which might eventually lead to even larger losses.

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February 15, 2024, 08:40:17 PM
 #238

So many people cannot manage themselves or the things in their care,  now how will they be able to manage what belongs to them, just as we expect them to be able to manage their winnings when they lack the capacity for doing that, it is very important that we learn to developed ourselves into something tangible that we could also be ever grateful for when we disciplined ourselves, gambling must be done with utmost caution, if we didn't plan well on how to utilize the winning, it will later appears as if we never had any.


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February 15, 2024, 08:57:33 PM
 #239

So many people cannot manage themselves or the things in their care,  now how will they be able to manage what belongs to them, just as we expect them to be able to manage their winnings when they lack the capacity for doing that, it is very important that we learn to developed ourselves into something tangible that we could also be ever grateful for when we disciplined ourselves, gambling must be done with utmost caution, if we didn't plan well on how to utilize the winning, it will later appears as if we never had any.
For some, winning comes very easily, but this is just an illusion of it. These players have not experienced that real pain like many who cannot win for years and who are very unlucky. So what happens then is that the winners spend this money like dust, without thinking about tomorrow. I would have thoughts about how to make cash flow in business or other interesting and useful business, so that I would no longer have to completely depend on luck. I think these are the right thoughts, but people are all different and some only think about how to live for their own pleasure without thinking about anything. Who knows, there's probably some meaning here too. Having made conclusions, you probably need to combine an increase in cash flow and a life of pleasure. This is definitely the perfect blend for me.

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February 15, 2024, 09:20:47 PM
 #240

Controlling yourself and keep that positive mindset where if you win then quit with the money, if you lose, move forward and forget about adding more deposit to recover as quick as possible, luck is not always beside you, most of the time your aggressions made you lose more than what you can afford.

Like you rightly said, self control is actually very vital whenever we are gambling as it'll help us not to take any decision that we might just regret later when we are done with our gambling activities.
When a gambler lacks self control and wins big in gambling, he might not wisely put his winnings to good use which will make him to regret his actions later. So when a gambler wins, he's expected to invest his winnings into something meaningful that'll financially back him up whenever he needs money instead of lavishing his winnings by making excess merry.

Self-control, in my understanding, pertains to managing the extent to which you engage in gambling. It's essential to recognize that excessive gambling can have detrimental effects, both financially and psychologically. Therefore, it's crucial to exercise restraint and moderation in gambling activities.

One aspect of self-control is regulating the frequency and intensity of gambling. Continuously gambling or persisting in gambling when it's not yielding positive results can lead to significant losses. It's essential to have the discipline to limit the time and resources allocated to gambling.

Self-control involves making prudent decisions about the type of gambling games to participate in. Not all games offer the same odds or level of risk. It's important to choose games wisely and avoid reckless gambling practices.

For example, it's unwise of you to gamble with your last penny or essential funds. Gambling with money that is needed for necessities or obligations can lead to financial distress if losses occur. Also, using borrowed money for gambling is highly discouraged by me, as it can result in debt and financial instability.

I appreciate your reply on investing the profits from gambling into more sustainable businesses rather than solely relying on gambling as a source of income, you can explore opportunities to invest your earnings in tangible and lucrative businesses. This approach can help reduce the risks associated with gambling and provide long-term financial stability.

While gambling may offer occasional wins, it's not a reliable or sustainable means of making a living. By exercising self-control and channeling profits into prudent investments or businesses, you can safeguard your financial well-being and achieve more stable returns over time.

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