How has a significant win in gambling changed your life?

[SamReomo]

I have won many bets in gambling but none of those winning were significant enough to change my life in anyway. I still win some bets and mostly I enjoy the won amount as it's also a way of entertainment for me. However, if in future I get a significant win then surely I'll invest the 50% of that won amount into Bitcoin so I can retire early when it reaches $1M per coin.

[Doan9269]

This will be more for those who already have tasted what it means to win a very big amount of money in gambling, not for those who are still aspiring for such an opportunity, though it doesn't mean we cant plan and prepare ahead prior the time when ours will come, most of those who won big in gambling needed up wasting the money and got broke back because they never planned for it, ours should not be the same way, we have to prepare ahead and use our money wisely on profitable investments.

[DaNNy001]

This will be more for those who already have tasted what it means to win a very big amount of money in gambling, not for those who are still aspiring for such an opportunity, though it doesn't mean we cant plan and prepare ahead prior the time when ours will come, most of those who won big in gambling needed up wasting the money and got broke back because they never planned for it, ours should not be the same way, we have to prepare ahead and use our money wisely on profitable investments.

But the bitter truth about gambling money is that it actually tastes different as it brings out the other character and sometimes this shallow mentality of the money being free money keeps playing on your mind and that's why most people who experience the bigs never really think twice before spending the money thinking that there is still plenty where the one they are spending came from.

[ethereumhunter]

The winner will want to win more and the loser will want to get back the money they lost . Indeed , controlling greed and emotions in gambling is not easy and I don't see many people who will be able to do it .

I believe that most of us gamblers have a plan to withdraw money after winning big and leave a little to continue playing, this is quite a common plan . But one thing I see is that when people lose the remaining money, they tend to deposit more money to continue playing, so if we cannot control our greed, withdrawing money will not have much effect . So let's focus on controlling our emotions and controlling our greed instead of thinking that withdrawing money is a good plan, IMO.

That's normal if they wants to do like that because their greediness will comes and telling them to keeps playing gambling without thinks that they already gets what they wants. They must remember that winning in gambling is difficult and not many people will gets their luck and wins much  money. They must realizes that is their chance to change their life to better with that wins money so they can have another source of income.

If they can't control themselves and tend to keeps playing gambling, they will see that they don't have a big chance to wins more money because that will depends on their luck. That's why if we wins much money or hit the jackpot, we must quit gambling immediately and not thinks to keeps playing gambling and chase more winning. We can use that money for many things and even we can build a new business that can generates more money to us.

[EarnOnVictor]

Hope your big wins, did not just go back into the casinos.  

I usually spend small winnings to get back into betting at the casino. As for bigger wins, I rarely get them, maybe we could call them the biggest wins for every gambler, which of course is different. I will withdraw and spend it. it can run out or leave little to continue the game.
I don't think there's anything wrong with returning to play after winning. even with the winning results that we have obtained. in fact, we will also return to betting regardless of whether we make a withdrawal for our enjoyment or not.

You are similar to me in my gambling expedition, I do not believe it is an avenue where I will make wealth, so I wager little, especially in my casino betting. For this, there is no way I can make a huge return, but I am okay with it. After all, if I did not risk too much, I couldn't lose too much as well. Still, there are times that despite not expecting anything big, the luck will shine on us, that's a big payday for us even if it is not more than $150, we can still do something reasonably with it.

But in my case, I hardly withdraw money from my casino accounts when I win, and the reason is that I do not want to stress myself depositing and withdrawing all the time. Imagine if I withdraw all my winnings now and still come back the next day to redeposit again, that is stressful and not cost-effective because no one will pardon me for the transaction fee. However, if I have enough in the account, I might just withdraw about 30% of it and continue wagering the 70%. By this, I can't be under any compulsion to redeposit quickly.

[Frankolala]

This will be more for those who already have tasted what it means to win a very big amount of money in gambling, not for those who are still aspiring for such an opportunity, though it doesn't mean we cant plan and prepare ahead prior the time when ours will come, most of those who won big in gambling needed up wasting the money and got broke back because they never planned for it, ours should not be the same way, we have to prepare ahead and use our money wisely on profitable investments.

But the bitter truth about gambling money is that it actually tastes different as it brings out the other character and sometimes this shallow mentality of the money being free money keeps playing on your mind and that's why most people who experience the bigs never really think twice before spending the money thinking that there is still plenty where the one they are spending came from.

Free money like you said will make one spend recklessly without reserve because he did not work hard to get the money. The mindset will always be there that you will win more and with that orientation the gambler will lose control on spending his wins.

However, I see it as a wrong mentality towards gamble wins because if we look back from when we started gambling till date before the big wins, you will realize that it is not free win but the money that you have being losing to gamble has come back to you, and it will make you take advantage of your wins and invest it.

I have won an amount that I was able to use to buy an airforce one Nike sneakers and I was very happy with what I did with the money even though I do lavish some of my wins.

[Awaklara]

However, I see it as a wrong mentality towards gamble wins because if we look back from when we started gambling till date before the big wins, you will realize that it is not free win but the money that you have being losing to gamble has come back to you, and it will make you take advantage of your wins and invest it.

although thinking like that is quite correct, but I will not use thinking like that in my gambling. victory is still a victory, and defeat will remain defeat. it was a different round.
if I consider all the games and bets I make like that, then all that happens is chasing victory. I would rather enjoy however I will spend the money from winnings. and come again to play with new episodes.
But there are also friends of mine who will spend any winnings just to bet again. I once admonished him not to do that, but it seems like his gambling satisfaction lies in how long he plays. nothing could be done, as long as he didn't regret anything.

[stadus]

I have won many bets in gambling but none of those winning were significant enough to change my life in anyway. I still win some bets and mostly I enjoy the won amount as it's also a way of entertainment for me.

Same here, it only changed my life for one day as I acted like I was a one-day millionaire, lol. Money coming from gambling should be spent because we don't win most of the time, so we have to celebrate when we have the opportunity to get lucky. I won a big amount in the past, but if I were to total my losses and wins, I'm still negative. So, I should not take it seriously as it will only disappoint me.

However, if in future I get a significant win then surely I'll invest the 50% of that won amount into Bitcoin so I can retire early when it reaches $1M per coin.

That's a big dream but it's not impossible though. I also hope bitcoin will reach $1 million but I don't think I'll have to rely my luck on gambling before I decide to invest.

[Dewi Aries]

Of course, winning can be a trap for gamblers, especially for those who are really enthusiastic about responding to the win they have just got, and also especially for those who really make winning a priority in their gambling involvement. The trap that is meant is yes, they will experience an increase in interest and hope regarding winning in gambling, continue the session expecting a larger amount of winnings and in the end be disappointed and regretful when it turns out the results are not suitable, and of course this is the beginning where someone will lost control and tried to make another deposit in the hope of getting back his previous winnings, but it was too late.

In the end, instead of winning, you end up losing everything along with your initial capital amount. This means that winning is not difficult, but sometimes it is the gamblers' behavior that causes them to lose their winnings again. On the other hand, you have a good strategy, friend, by first cashing in all your initial capital and continuing the gambling session with the profit amount, that's good, because even though for example in the next session you lose, you only lose the profit from the previous session when you win.

Unfortunately, it goes both ways. For someone with no self-control or responsibility, the result will probably be the same. Just like you said, winning isn't impossible. I have this specific friend who always loses, but that's because he can't put a stop to it. He'll deposit €20, play a few games, and grow his balance up to €60. Instead of withdrawing the €40 in profit, he'll continue, but this time with larger bets. The result is usually losing all of it, and it's something I've seen with my own eyes.

The issue is that with these amounts that some would call "minor,"  the gambler rarely takes them into consideration because it's just €20 or €30, not that big of a deal. If you look at the bigger picture, you lose that amount of money on a weekly basis, and it's a significant loss.

Yes, that is the point, friend, everyone has their own luck and sometimes luck is not too difficult to get, meaning that winning is not something that is very difficult to get, but it is the behavior of gamblers that sometimes makes a winning situation turn into a defeat. because they cannot make decisions quickly and instead apply greed. So there are two things here that are a problem, firstly, let's say that winning is not something that is too easy to get, and in addition there is the behavior of gamblers which actually makes winning turn into defeat like what your friend did, and I'm sure that the majority of gamblers must have done it.

On the other hand, I will tell you about one of the reasons why a gambler who has succeeded in winning and applying greed actually experiences total defeat again in the sense of losing all his money, which is when in the process of applying greed, for example, they actually experience a decrease in the total balance they have at the time. At that time, usually they will try to return the balance to the initial position and say that "I promise I will withdraw it when the balance returns to the initial winning amount" but it turns out that as time goes by the balance becomes increasingly depleted and finally ends up with nothing remaining in the sense of lost the amount of capital and the amount of profit that they had previously managed to get. This is a scenario that gamblers will experience and feel before they finally run out of all their winnings and I feel this way.

On the other hand, you also said the correct scenario where they think that it is a small amount of loss, but they do not realize that this situation occurs repeatedly, which means that if you calculate it, it is clear that the amount must be significant.

[erep]

I have won many bets in gambling but none of those winning were significant enough to change my life in anyway. I still win some bets and mostly I enjoy the won amount as it's also a way of entertainment for me.

Same here, it only changed my life for one day as I acted like I was a one-day millionaire, lol. Money coming from gambling should be spent because we don't win most of the time, so we have to celebrate when we have the opportunity to get lucky. I won a big amount in the past, but if I were to total my losses and wins, I'm still negative. So, I should not take it seriously as it will only disappoint me.

I don't know how much winnings you got from that bet, but I don't agree that you have to spend that money without consideration, we have to be wise in managing finances and you can allocate that money for other needs, even for savings, even if you consider gambling to be just entertainment, but If you are lucky to win then it is advisable to withdraw some of the money before the winnings are lost in gambling.

The average calculation is that no gambler gets a higher win than a loss, when the casino provides luck to recover losses from winnings for you, then withdrawal is the best solution to avoid gambling greed.

[KTChampions]

This will be more for those who already have tasted what it means to win a very big amount of money in gambling, not for those who are still aspiring for such an opportunity, though it doesn't mean we cant plan and prepare ahead prior the time when ours will come, most of those who won big in gambling needed up wasting the money and got broke back because they never planned for it, ours should not be the same way, we have to prepare ahead and use our money wisely on profitable investments.

By the way, the issue of preparation and goal setting in general is very interesting. I am sure that 99.9% of gamblers see their life after a big win as “do nothing and enjoy.” But for this to last for a really long time, the winning amount must be very large (something like the jackpot in the national lottery in the USA). It is not surprising that most of those who win quickly spend everything and come to the point where they started (no money and need to work). If they had initially been focused not on spending, but on how to increase money or at least save it, this would not have happened.

[o48o]

When I started gambling a few years ago, I won a pretty big amount of money and that opened new doors for me to pursue new business ventures. Some of these ideas panned out and some flopped miserably, but I still managed to generate some money from the the ventures that were successful.

I now have something that can generate some "passive" income and something that needs a lot of my time and attention, but overall it improved my quality of living and it encouraged me to follow my dreams.

I still gamble, but not as much as I did before... because time management has become an issue. This will not secure my retirement, but it gives me some freedom to experiment with more ideas. (I still need to work between 8 to 10 hours per day.... and weekends, but I have something to fall back on, if something bad happens)

Hope your big wins, did not just go back into the casinos.  

Only significant win i have won from a scratch card something like 20 years ago, and i bought a laptop and roller skates with that. It changed my life in a way that i got heavily using those roller skates and got my endurance up in a way i probably wouldn't have without them. And at the time my desktop was on end of it's road, so i kept tabs on what's happening in the world with my laptop.

Mainly i was using it to watch pirated series and practising my writing and learning, which looked very different 20 years ago with a computer.

Time management is my issue as well, but as i have come to terms with the limited time, it's easier to limit some vices and how much time i am using to them. For example i loved to play poker, and still do, especially when playing live, but i just don't have enough time for it online. Tournaments take hours and while i might get money from that, the risk that i am not getting any is just too high for me to ignore. I rather play sports and slots from time to time.

[Die_empty]

This will be more for those who already have tasted what it means to win a very big amount of money in gambling, not for those who are still aspiring for such an opportunity, though it doesn't mean we cant plan and prepare ahead prior the time when ours will come, most of those who won big in gambling needed up wasting the money and got broke back because they never planned for it, ours should not be the same way, we have to prepare ahead and use our money wisely on profitable investments.

Most people who win big in gambling don't have a plan of how to maximize the win because they never expected such a jackpot. They will end up spending the money wastefully or gambling it off. There was a story of a gambler in my area who won big but didn't use any part of the win, he gambled with all of them within a few hours. People who were present said he believed he could win more money.

We all know that gambling shouldn't be seen as a source of income but it will not be out of place to have an investment plan. The plan should be available in case you have access to funds not just from gambling but from other sources. There are also Professional investment managers who can give sound bits of advice, that can assist big winners to invest wisely.

[SamReomo]

That's a big dream but it's not impossible though. I also hope bitcoin will reach $1 million but I don't think I'll have to rely my luck on gambling before I decide to invest.

Yes, it's not very possible but in gambling things can happen sometimes. Surely, most of us believe in Bitcoin and we hope to see it at $1M value and most of us are still doing our best to invest money in it to accumulate some amount of it from time to time. However, it's going to be much faster to accumulate Bitcoin right now if we get some significant wins from gambling.

[junder]

I don't know how much winnings you got from that bet, but I don't agree that you have to spend that money without consideration, we have to be wise in managing finances and you can allocate that money for other needs, even for savings, even if you consider gambling to be just entertainment, but If you are lucky to win then it is advisable to withdraw some of the money before the winnings are lost in gambling.

The average calculation is that no gambler gets a higher win than a loss, when the casino provides luck to recover losses from winnings for you, then withdrawal is the best solution to avoid gambling greed.

Remembering that winnings and profits from gambling are not easy to obtain, we have to be wise when the gambling we have done has succeeded in winning. When I gamble and I succeed in getting a win, I immediately spend it with what I need at the moment or spend it by buying drinks or food to enjoy with friends while watching the latest film. In my opinion, the winnings I get from gambling don't have to be saved. because I have my own perception that winnings from gambling must be spent as soon as possible before I have any thoughts of wanting to gamble again. I once won quite a big win and at that time I really had the desire to buy a new cell phone, of course without thinking twice I immediately cashed it in and bought it straight away. a new cell phone that I really need.

Well, that's what you have to pay attention to, of course there is no win that occurs more often than a loss, so the wins you get must be utilized as well as possible because winnings in gambling are very rare, so you have to be wise in making decisions when you win. Apart from that, it is very rare for a win to cover all the losses that have occurred. cashing out is the best option rather than continuing to gamble. unless you are ready to lose everything, including the winnings you have obtained.

[Kakmakr]

I just need to add something quickly.... I won this money, before the Bitcoin price went up significantly... so the Bitcoin price increase actually gave me a huge boost.

I think the lesson I wanted to teach people are just to withdraw the winnings after a big win.... if you leave it in the casino, it will be gone in a matter of days. Take the money, do something with it that will generate passive income and if you want to gamble, use some of that income... not the money that you won.

I said.... "some" of the money, because you still need to keep a percentage of the income to cover inflation and taxes and also to pay the bills.   

[o48o]

I just need to add something quickly.... I won this money, before the Bitcoin price went up significantly... so the Bitcoin price increase actually gave me a huge boost.

I think the lesson I wanted to teach people are just to withdraw the winnings after a big win.... if you leave it in the casino, it will be gone in a matter of days. Take the money, do something with it that will generate passive income and if you want to gamble, use some of that income... not the money that you won.

I said.... "some" of the money, because you still need to keep a percentage of the income to cover inflation and taxes and also to pay the bills.   

Well you can tap yourself on the back, as it wasn't just a normal casino win then, but more to do with speculative trading / investment

I myself have done the mistake of turning those winnings to money several times, because i was too afraid of the bear market, and while sometimes it pays off, sometimes i really regret doing that. Like winning SOL during the bottom of the recent dump, and immediately turning it to cash, because it was "going to the ground". I don't even want to do the math on how much it would be worth.
¨
Not to mention my early gambling with btc, doge or eth. With those, i would have been set for life, but i am not going to be captain hindsight about that, as if i might as well would have bought more and saved it at the time. Some things are just not worth using my time regretting. It's only money after all.

[KTChampions]

I just need to add something quickly.... I won this money, before the Bitcoin price went up significantly... so the Bitcoin price increase actually gave me a huge boost.

I think the lesson I wanted to teach people are just to withdraw the winnings after a big win.... if you leave it in the casino, it will be gone in a matter of days. Take the money, do something with it that will generate passive income and if you want to gamble, use some of that income... not the money that you won.

I said.... "some" of the money, because you still need to keep a percentage of the income to cover inflation and taxes and also to pay the bills.  

If it's not a secret, what was the winning multiplier? The most I achieved was X91 (of course, this is not about bets of one cent/satoshi).
As for taxes, the most correct and profitable solution is to avoid paying them. I used to be tolerant of taxes, but now I understand that this is pure robbery and any responsible citizen should evade them. Thank God crypto provides these opportunities.

[YOSHIE]

How has a significant win in gambling changed your life?

Yes, it's definitely gambling and winning large amounts, at least it has hope for us to do something in business for the future, Even though the effort fails at some point, that doesn't make us back down and keep trying to do the best for ourselves.

Unfortunately, I haven't won a large amount gambling, maybe one day I will be as lucky as expected, but if I have good luck in gambling and have a business, I will probably stop gambling completely, because all of us here really understand how gambling does something to users, when I win big that's when I close all accounts and if I want to gamble, maybe I'll do it manually, not on the internet.

[doomloop]

I'm not from that class of the iconic winners who made their fortune from gambling. But let me to dream. If I were in their shoes I , most likely, would have some pragmatic rather than romantic desires which would prevent me from the daily routines and open up opportunities to feel  myself as a fully free man.

I would do the same thing if I had won something significant from gambling but unfortunately, that never happened to me so far. I haven't been a heavy gambler which means that I never spend a lot of money on my gambling activities, but I try my luck every now and then and it never worked for me because I have always only won small amounts but nothing significant enough that I could use to do something for my life.

Those who get to win a lot of money from gambling are blessed because gambling is not something you can expect a lot from, it mainly makes you lose money in the long run but if you are able to get something out of it, consider yourself lucky and blessed for that.

Many people win some money from gambling but waste it on useless things instead of starting some sort of business or doing something for their future. When you spend all the money on materialistic things to get some happiness, you would regret it in the future.