Gambling Retirement Plan

[Die_empty]

It's amusing to think that gambling can have a retirement period. But I would argue that in any activity, there are natural periods of diminished interest. A period of diminished interest can easily be followed by a period of increased interest and inspiration, for example, through occasional wins. However, occasional losses, especially large ones, are demotivating and force one to engage in philosophical reflection.

During retirement one might have enough time to engage in fun activities since there is no full-time job. Some retirees in my area spend time reading newspapers, gardening, hang out with friends and family members, etc. I also see some of them in casinos enjoying themselves. Gambling is not a strenuous activity so I don't think I will retire because of old age. It might continue to be part of my entertainment until I finally lose interest in it.

[Dunamisx]

Knowing that gambling is an entertainment and we may not be well in the best position of being advised to retire from being entertained to have fun, do you have for their might not be a specific age limit on time for everyone of Us to consider quitting gambling and get retired except we are already done by ourselves and feel we cannot continue any longer, and this is not like a pension scheme whereby we expect a return of all the losses or money stake at bets we took in the past.

[AicecreaME]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

I don't think there's a retirement in gambling.

I believe it is the other way around. If you will retire on your job because of your age or whatever the reason is, you wil have more time to do whatever you want. For sure you will get bored, and you'll be focus on the things that can entertain you, and if gambling is one of that, then there's your answer.

Instead of having the "retirement" you were talking about, it is more likely an addiction that will be develop overtime if gambling will become your hobby to cure your boredom as a retired person.

[Youngrebel]

First of all, gambling is not a job that people should retire from. gambling is the act of risking money or something valuable on an event with an uncertain outcome in other to win money or a prize.

imo, this argument that gambling should have a period which someone most retire doesn't make sense to me, Because people gambling for different reasons, personally, I gamble because I just want to have fun, so whether I win or lose it is not my concern.

Therefore, I don't understand where you got this your idea from that people should have a specific period they should gamble, retire from it and hand over to the next generation.

So because someone is having fun in gambling then an old man should probably go to a gambling hall,  and gambling amongst younger people of age. Maybe his amongst his grandchildren and children.  It will not look matured. Infact it can even turn to a mockery thing amongst them. Either he is using his personal devices to visit a gambling sitevor not it still doesn't look so palatable seeing an old man at a certain age.

It is difficult to apply it to yourself because we even break the simple rules we make for ourselves, let alone retiring from gambling, someone can retire from gambling if he really doesn't have the money to gamble and the fitness doesn't allow it.

I think this is not about a decision thing even. It shout be like a self realisation. Because the more you get advanced you get there should be some refrain you get with certain activities like this gambling activities.  It should just come naturally and nothing more. You realise you have outgrown some certain things and you leave it for the younger generations

It's a different thing with gambling. Maybe if you are seeing it as a source of living, hence you should know when to stop it from doing. Gambling can make your emotions go wild so if you are in your retirement age, obviously your mind and body can no longer carry that risk. So retire early.

However, if you are just gambling for the sake of entertainment, I think that won't require any retirement. As long as you are still capable to do it and you have funds to enjoy, then you can gamble but still with an amount you can afford to lose.

I still feel having fun should have a limit. At old age I totally doubt that you can still get the joy and fun you deserve from gambling.  Besides old age  ones with lots of health complications and things like gambling that always makes ones heart skip because of expectations should be part of it. This can cause heart complications for an old person. hence, other choice of fun activities should be adopted at such age.

[ruykeri]

Knowing that gambling is an entertainment and we may not be well in the best position of being advised to retire from being entertained to have fun, do you have for their might not be a specific age limit on time for everyone of Us to consider quitting gambling and get retired except we are already done by ourselves and feel we cannot continue any longer, and this is not like a pension scheme whereby we expect a return of all the losses or money stake at bets we took in the past.

After a certain age, people no longer have the desire to have entertainment like before. And since there is a matter of losing or winning in gambling, in that case, many times mental instability works because of what the result will be. That is why it is not right to have this kind of tension when you are older. Again, when income decreases with age. There is no source of income. Then gambling is a little more risky. That is why after a certain age, when you pay more attention to mental peace and physical health, you do not have the mentality to gamble.

[gunhell16]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

I don't think casinos would think the same way you think, OP, because gambling is a game of chance that is played only to enjoy what they are entertained by gambling.
There are indeed these types of gamblers, and there are others who have similar habits.

Now, that's really unclear because most other gamblers are probably 60-plus years old and still playing, and then there's the money that casinos are talking about,
and we know that, but that still depends on the casino owners.

[Frankolala]

I might hang my boot from gambling when I'm no longer enjoying the fun but I'm not gon pass it on to any younger one because I don't want any of my kids, nephews or nieces to be a gambler. We leavegood achievement for our children to inherit and not gambling because it's like giving a snake to your children. This is the first time, I have heard of such.

[Tungbulu]

gambling is not a property or valuable document that you can handover to, it's laughable when we say handling over gambling to the young ones, gambling is a game of luck and when you're tired of gambling base on you're loss experience...Nobody handover gambling to the offspring, quiting gambling is a decision and continue gambling is also a decision of a gambler.

I agree with all you’ve said here except for the above bolded part. There can be several reasons why anyone would wanna quit gambling, while loss experiences can be one of the reasons, it’s not the only reason why anyone would wanna quit gambling  for some it could be that they found something that potentially replaces the entertainment and vibe they got from gambling and so don’t see find much need for gambling anymore. There can be several reasons more.

[bitzizzix]

What you need to know is that most people who have retired from their jobs choose to gamble to fill their free time or as a form of entertainment, especially those who no longer have a partner and consider gambling a companion.
This also occurs among those who have previously stopped gambling and return to it for entertainment when they are older. Quitting gambling cannot be equated with working, because retirement is something people eagerly anticipate when they are old and tired, as work requires energy, thought, time, and so on. Unlike gambling, which can be done under any circumstances, even when sick, and will be a source of entertainment.

[EarnOnVictor]

I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. rs of gambling.

Gambling is a voluntary activity, such that affords some people fun, which makes it difficult to retire from it.

Personally, I don't see myself gambling at the age of 65. This is not a plan I am just talking about, I'd had it a long time ago. But it is not everybody who can have that thought to set the limit, and even those who set it might have issues actualising it. It's a beautiful plan though. At that age, normal sports watching and games playing without the involvement of money is fair enough.

[Achalugo BTC]

Knowing that gambling is an entertainment and we may not be well in the best position of being advised to retire from being entertained to have fun, do you have for their might not be a specific age limit on time for everyone of Us to consider quitting gambling and get retired except we are already done by ourselves and feel we cannot continue any longer, and this is not like a pension scheme whereby we expect a return of all the losses or money stake at bets we took in the past.

Gambling is essentially made to be for entertainment and understanding that aspect will really play a vital in the life of every gambler. That is why its encouraged for them to adhere or stick to responsible gambling for the benefits of their emotions and their wellbeing as well. Which also helps to keep the fun intact and prevent them from anything that will cause them to become addicted. But its important to treat it to be for fun and entertainment and not for any financial purposes.

[CryptoYar]

Idea of gambling retirement plan is interesting, only that, unlike in regular job where employee receives pension, more you spend gambling higher chances that you will lose as result of house eedge. High number of people are not able to quit as they are constantly seeking last win to get back their losses and in fact, as one gets older, they become less good at judging risk.

In my opinion, all gamblers need to have stop playing age, as by age of 50s or 60s you should have reached your financial goal and best retirement gain is decision not to lose any more money. So the best method of retiring in gambling is not to wait until you win lottery, but to know when to quit before you have nothing left.

[eisen33]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

I think this is pointless, it's like saying I should have a plan for when I'll stop drinking coffee or riding a bike, because it could be dangerous. But that would only be a matter of my desire or my ability, I wouldn't limit it in any other way. The same goes for gambling, I'll stop whenever I want, maybe much earlier than my retirement, or maybe I'll continue gambling in retirement I don't even know yet.

[giammangiato]

I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

Gambling isn't a job (from my point of view), it's a game.
The peculiarity of gambling is that you can play it at any age. It's certainly difficult to understand why a 90-year-old man still wastes money gambling, hoping to win a lot of money (which, unfortunately, due to his age), he will be able to enjoy in a limited way.
Honestly, just because of the type of business, even if I had made the money, I wouldn't pass the baton to my successors, because since gambling is based on luck, I could only pass on problems to my successors.

[Grace333]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

If the target is to win certain amount of money before retirement then count me out because that mindset can get you in a loop system whereby you'll want to keep gambling just to attain that target and if it doesn't come early you will bankrupt yourself and realize that you have exhausted your retirement fund lol a fool at 70 is nothing to write home about about. We all have to be careful how we interact with gamble and it start from now, if you can't discipline yourself financially you'll be having series of problems with gamble especially when you're getting old.

[Findingnemo]

Gambling is something you supposed to be enjoying while you are in retirement, not to retire from gambling. Stop treating gambling as a job or a task that brings money, it is something like watching a cinema which don't have any age limit right?

[swogerino]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

Gambling is a vice and not a business or activity despite many people calling it activity gambling is not an activity. They say that vices you have only exit your body together with your spirit meaning only when you die and gambling is no different than any other vice, it is something that despite doing you harm you enjoy doing it still. There is nothing to leave to your descendant from gambling habit as maybe habit is a better term than vice, still in a negative meaning of the word. You have nothing to transfer to your younger children from gambling, may be if you have won a lot of Bitcoin and still have it you can transfer your wallet to them.

[Yaunfitda]

Gambling is something you supposed to be enjoying while you are in retirement, not to retire from gambling. Stop treating gambling as a job or a task that brings money, it is something like watching a cinema which don't have any age limit right?

First time that I have heard about gambling retirement plan because it's supposed to be only in job related things that we hard about it as there are a lot like 401k in the US and other similar in different country. And I do agree that it should be the opposite, there is no such thing as retiring from gambling. If you enjoyed it till the old age then why not? Specially if you have build so much wealth in your life that you wanted to relax after retiring and maybe go into gambling to have some fun here. In any case if there are gamblers who might have been saving money thru their gambling win then good. But they shouldn't force themselves to do that.

[Findingnemo]

Gambling is something you supposed to be enjoying while you are in retirement, not to retire from gambling. Stop treating gambling as a job or a task that brings money, it is something like watching a cinema which don't have any age limit right?

First time that I have heard about gambling retirement plan because it's supposed to be only in job related things that we hard about it as there are a lot like 401k in the US and other similar in different country. And I do agree that it should be the opposite, there is no such thing as retiring from gambling. If you enjoyed it till the old age then why not? Specially if you have build so much wealth in your life that you wanted to relax after retiring and maybe go into gambling to have some fun here. In any case if there are gamblers who might have been saving money thru their gambling win then good. But they shouldn't force themselves to do that.

Apart from that old folks are the targeted customers by the casino because they will have the money saved for their old age and they have every reason to take bold decision because of the fact they are not going to be here for too long to worry about their next decade so why not enjoy it instead of making it complicated.

[ovcijisir]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

I am amazed how many people think of gambling as a job or career. The gambling sholuld be leisure activity with entertainment as a goal.

Making retirement plan based on gambling makes no sense, as gambling is not value adding activity and when person gambles he makes nothing that someone would pay money for.