Gambling Retirement Plan

[impulse709]

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.

Interesting point, but I think gambling is a bit different. But in gambling there’s really no kind of “legacy” you can pass on. Every player is on their own, playing with their own money and taking their own risks.
In my opinion, the most reasonable approach is to treat gambling either as entertainment with a limited budget (which is probably the most realistic option), or simply as a risky activity where you should have a clear exit plan beforehand. That way the question of “when to retire” kind of answers itself.

What about those who are considered professional gamblers is it possible they’ll pass on their gambling skills? But I personally don’t think that’s likely to happen; after all, gambling offers no guarantees, and players face risks that are inevitable because they can’t be avoided. When it comes to gambling, the right approach is certainly to treat it solely as entertainment, not for other purposes like seeking or chasing profits. Setting limits whether on the budget used or the time spent gambling is important, as you said, and that makes more sense. And as for when to stop, I think we’ll each have our own judgment, but clearly, once you’re married, it’s better to quit.

I understand that gambling is nowhere near a regular career where individuals are able to foresee a definite retirement or leave something behind to the upcoming generation. Even professional gamblers are not able to assure the success of other people by merely observing them as they are always risky and uncertain. One can share skills and experience, but everything will always be based on luck and personal decisions. This is why I believe that the most appropriate solution is to make gambling more of an entertainment and never exceed any time and money limits. It is also important to have an exit plan. Since responsibility increases, particularly when one is married or has a family then it is natural that one may either decrease or even quit gambling altogether.

[xenomorfo]

People who really devote their whole life to gambling don't really know the kind of mess they do make for themselves. If it's just gambling from time to time and seeing it as the only activity the person does in their free time, it might not have a strong effect on them. Where it will be worse is if the person is hoping to make a living out of gambling because they will eventually fall into the hands of chasing losses, which is the worst of it all.

Surely they have a problem, because there are many good things to do in life. Gaming is one of them, obviously. But being with friends, going to the beach, going on a picnic together and eating, these are the things that make life beautiful. The game is part of one of them, but just playing it would be very boring.

[junder]

I don't completely agree. For many people gambling is really just entertainment, they play occasionally and take a break when they want. But then there are also people who gradually get more involved in it then it's not just fun, I think anyone can stay away for a while if they want but if it becomes a habit or an addiction, the temptation to come back is much stronger, especially in the case of sports betting people think their analysis was right, so they want to try again, So in the end it depends a lot on the person's own control and mental state.

People who gamble purely for the thrill of it are a common occurrence in the world of gambling; they fail to control themselves, and it’s likely that everyone has experienced gambling addiction at some point. I myself haven’t made plans to quit gambling yet, but I do intend to change my approach—to move from bad habits to better ones. Everyone has their own perspective, so you’re right: it all comes down to the individual.

[justdimin]

I am so sorry to tell you this my friend but you are on a path of destruction if you don't rethink about your crazy strategy, ther are people who have spend their whole lives as a gambler and they have nothing to show for it, if you want to risk everything on something make sure it's not gambling, investment is better because the chance of having accomplishments is higher than that of gambling, you can dedicated all your life as a gambler hoping that one day you will win and you will get nothing great, ask those who have been buying lottery tickets since their youth days and they are over 70 years old and not a lottery winner yet.

I mean "retire with gambling wins" is something they must be aware that it is not going to happen, not like it's some obscure idea and we all know that it won't happen and even OP knows that or anyone else. If you keep gambling then you are going to lose money and you are not going to be able to gamble that much, it's as simple as that.

I think it's quite obvious that we are going to face something that would be a lot different on the long run. Hopefully, they will realize that taking this chance isn't a smart move and the best way to approach this would be just accepting the fact that something that barely ever happens, will not happen to them. Which is hitting the jackpot, if you do that, there are millions of dollars to be made and that could be the one.

[Africolo]

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.

This question sounds and looks a bit ridiculous because gambling is not a job that people get enrolled for and have a duration for retirement nor it's a pensionable , this is just a craft that people enjoy either by gambling to make profit or fun and getting entertainment so we shouldn't have a retirement plan for gambling and so to say gambling don't require your age, even though  a gambler clocks 70 years of age so long he can still analyze his games perfectly he will still be gambling. There's no age deficient in gambling.

Talking about handling over gambling to the Younger ones is also a way of encouraging them into gambling the best way to go about it, is if you are old and can no longer gamble, it is advisable to stay off it than having to engage any young minds into it. That's not a very wise decision to take, on the nutshell no one can get a retirement benefit from gambling even when you win you can't win back all your have lost in your life time of gambling.

[Cityhunter34]

It seems you are viewing gambling as a personal Job. It is a something that you are sure that you would talk of retirement plan not gambling at all. Honestly, I don't know why most gamblers normally forget about the fact that there's no guarantee of winnings in the game because is getting out of hand, like I don't really understand if they are planning for themselves in the future.

Gambling is meant for fun and entertainment with only what you can easily afford to lose because the game is program for the house to benefit more than the gamblers, so having this mindset while gambling is absolutely not encouraging.

[KTChampions]

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'd like to know how you imagine it  Should person leave his children the legacy of the formula "bet on black, and if you lose, double your bet!"? Or something like that. If you know some formula that gives you an advantage in gambling (in fact, such a formula exists: be a casino), then it is better to make money and, in addition to raising and educating, leave your children capital in the form of assets and money, and not just knowledge.

[viljy]

In my opinion, the "gambling pensioner" is a utopia. Gambling is not a stable source of income for gamblers, and therefore cannot provide retirement savings. I mean, for most people, that's exactly how it is. Since gambling is not a job or a career, you can do it until old age, which is actually full of examples. Old people gamble too. Moreover, old people also play computer and video games, and even more than young people.

[Hewlet]

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.

Most gamblers actually gambles even more at the time of retirement because at such time, what mostly becomes their pre occupation is things that keeps them all relaxed and the things they consider to be fun is going to be what they are going to put more attention to. gambling is not a full time job that one should consider retiring from after a certain age or after one has gained a certain level of financial benefit. it is a thing of fun and for that reason, at any point in time, you can decide to stop gambling and that will be all fine.

[Woodie]

Should we even consider gambling as something to retire from ??

Let's treat gambling as an entertainment venture, if you make your profits be happy about it.. you lose money don't chase your losses but a living off gambling isn't for everyone and should not cross your mind as it's not a sustainable lifestyle !!

[Nwadiche]

Gambling is not a full time job that comes with retirement, I really don’t know how most of you view gambling,I have seen elderly men in their free time predict games and play it , wealthier it wins or not, there shouldn’t be any specific time or age to stop gambling, if you feel like quitting or the winning is not coming fort  , it’s up to you , if you also use your free time to try your luck it’s still up to you , so I don’t think their should be a certain age to retire From gambling.

[Kelward]

Should we even consider gambling as something to retire from ??

Let's treat gambling as an entertainment venture, if you make your profits be happy about it.. you lose money don't chase your losses but a living off gambling isn't for everyone and should not cross your mind as it's not a sustainable lifestyle !!

Gambling is not a job or where we operate heavy machineries that only able bodied young men can do so by all means if you still get the thrill of gambling at old age and it's not disturbing you mentally you can continue in retirement. If gambling is an entertainment for you you there is no reason to retire except on health grounds or lack of money to gamble with, aside from these two limitations I can gamble in my old age. It is advisable to take breaks from gambling since we don't need it to survive, we can come back anytime and gamble responsibly, if everybody understands gambling like I do they won't take it too seriously or worry about retirement age, you can stop whenever you want.

[panjul07]

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 you think that gambling should also have a retirement, do you consider gambling like a daily activity or regular activity like what you do with your job?
For me, gambling does not need retirement as long as you know when to start and when to break then when to restart. 
Gambling should be done when we are ready only, not something to be forced in regular basis like daily or weekly.
I do not need to retire from gambling, lets say I have a great luck to win something huge one day, I will still gamble but remain with my own betting style and limit without significant adjustment.

[nara1892]

While quitting gambling is always the best decision to make because it can cut down on unnecessary expenses, one thing I'll say here is that gambling isn't a job, so there's no specific rule requiring someone to stop gambling completely. However, as I mentioned above, not gambling is much better.

The bottom line is that gambling is fine as long as you stay within your limits. If you want to quit, you don't have to wait until you're older; you can do it anytime, and the sooner the better.

Even staying at your limits for a long period of time is dangerous as no one guarantees you that with the passing of time you will not fall prey to some anger or rage that can lead to breaking the limits and drowning or start drowning in the abyss of gambling addiction. I agree that is much better to quit early if you plan to quit than rather continuing without any real objective which is the case in many gamblers. As I said gambling for longer periods of time only bring bad things to the person doing it.

Yes, I fully understand what you mean here, and yes, it’s true that setting limits doesn’t guarantee long term safety. The reason is that gambling is full of temptations; I’ve been in situations where I was on the verge of winning, and the success of that win almost led me into addiction.
From this, we can conclude that it’s true the best option is to quit entirely, but feel free to continue gambling if you wish as long as you can truly implement and manage risk effectively. Combining strict risk management with a firm approach, in my opinion, is a good idea to strengthen your defenses.

[Mr_Brilliant$]

I was not told gambling has now turned into a profession with retirement plans and handover ceremonies. Haha  Since when did betting become a career where you work for some years and then retire with benefits?

Let’s be real to ourself pls... Gambling is not a stable job, it is a risky game were the platform always has the edge..  You can win today and lose everything tomorrow.  So planning a retirement from it like it is a government work or a company position is just jokes..  we should stop turning gambling into something bigger than what it is..

[dimonstration]

I was not told gambling has now turned into a profession with retirement plans and handover ceremonies. Haha  Since when did betting become a career where you work for some years and then retire with benefits?

Let’s be real to ourself pls... Gambling is not a stable job, it is a risky game were the platform always has the edge..  You can win today and lose everything tomorrow.  So planning a retirement from it like it is a government work or a company position is just jokes..  we should stop turning gambling into something bigger than what it is..

Haha, User on gambling discussion board becomes creative on topics here. I believe the main point of the retirement plan is when will user should stop gambling based on different factor.

Retirement plan is just frequently being use for jobs or careers but it can be use too on other things that user continuously use in the long run.

For me, I will stop gambling if I’m already not physically fit or my finances is already not suitable for gambling expenses.

[Dr.Bitcoin_Strange]

Gambling is not a full time job that comes with retirement, I really don’t know how most of you view gambling,I have seen elderly men in their free time predict games and play it , wealthier it wins or not, there shouldn’t be any specific time or age to stop gambling, if you feel like quitting or the winning is not coming fort  , it’s up to you , if you also use your free time to try your luck it’s still up to you , so I don’t think their should be a certain age to retire From gambling.

Apart from the limitations that minors have in gambling, there's no other age limitation for adults in gambling, some people started gambling at the age of 20 and quit 10 years later while some quit 50 years later, that's to say their their no age regulations for when someone must retire from gambling, it's a personal decision and based on onces self discipline too and the form of entertainment that the person chooses.

[m2017]

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.

Pension savings created from the money gamblers win at casinos? But what about the assertion that most gamblers gamble for fun? How are you going to calculate pension contributions measured in fun?

Set a goal to earn a certain amount of money to quit gambling? But what about the fact that most gamblers lose, and therefore won't be able to save up? Then let the winning players contribute to the gamblers' pension fund?

No matter how cleverly try to develop this idea, it still comes out as nonsense. You'll also suggest creating gambler's unions to fight for their rights.

[Sticky Bomb]

Since responsibility increases, particularly when one is married or has a family then it is natural that one may either decrease or even quit gambling altogether.

This is possible, but I'm yet to see a gambler that quit because he is married or has a family. In most cases, I've seen the gamblers now hide to gamble not to be distracted by their wives or children, even taking their laptops to the toilet with the excuse of having an important job schedule to complete .

Quitting gambling has more to do with age than responsibilities IMO, real gamblers with lots of responsibilities always shift their gambling activities to probably weekend or late at night. I believe everything has an exit time and gambling isn't a forever activity, so quitting is still at the discretion of the gambler.

[Yorubek]

Since responsibility increases, particularly when one is married or has a family then it is natural that one may either decrease or even quit gambling altogether.

This is possible, but I'm yet to see a gambler that quit because he is married or has a family. In most cases, I've seen the gamblers now hide to gamble not to be distracted by their wives or children, even taking their laptops to the toilet with the excuse of having an important job schedule to complete .

Quitting gambling has more to do with age than responsibilities IMO, real gamblers with lots of responsibilities always shift their gambling activities to probably weekend or late at night. I believe everything has an exit time and gambling isn't a forever activity, so quitting is still at the discretion of the gambler.

Gambling addiction does not respect any relationship, be it family or marriage. However, after marriage, a gambler gambles very carefully so that no one else can know about his habit. I have see very few people who have completely stopped gambling after marriage. Gambling is completely a person's own will, so if a gambler quits gambling after marriage, it is possible through his own will. However, it is very rare for a gambler to stop gambling completely after getting married.