Has anyone here actually won big in gambling and then used that money as capital

[Achalugo BTC]

I've thought about that before, but when I think about it again, it doesn't seem like a good idea. If we build a business using winnings money & still continue playing, cash flow may not be good for the business. When you lose, you might take money you previously invested in the business to make deposits. It would be a good idea, when we actually leave gambling after the big win we got.

Treating gambling as a means to be earning, which is not proper and healthy thing to do. The goal should be to treat gambling as an entertainment and not an alternative. Though, it can be possible for one to make use of their winnings, if only they are aware and have a right perspective towards gambling, which they can control themselves by knowing when to gamble and when not to gamble, this way one can said to make use of their funds and still not returned back to gambling.

[LastKiss]

~snip~
Just wanted to ask if anyone here has actually done that.
Did you use your winnings to start something real, and did it work out in the long run?

Well, this is my dream if I ever get the chance to win an incredible amount of money. Right now, what I’ve won from gambling is only enough to buy small things like food, crypto, clothes, etc. In my opinion, not everyone will have the chance to get that kind of win since everyone luck is different. It’s a really rare occasion even my friends who started gambling earlier than me still haven’t won that much. I’m pretty sure that people who do make a profit from gambling will spend it on enjoyment and I think people who think the way you do are still quite rare.

[Bright0515]

I’ve been thinking about this for a while because a big gambling win can really change something, but at the same time it can disappear just as fast. That’s the part I want to avoid if it ever happens to me.

Instead of wasting it or putting it back into gambling again, I’d rather use it as capital for a small business or anything that can grow and become a steady income later on.

Just wanted to ask if anyone here has actually done that.
Did you use your winnings to start something real, and did it work out in the long run?

The actual truth here is that this is the one thing that is making so many people to continue gambling till today because they all believe that one day they will be lucky go win a very huge amount of money which they can use for start up something (business) that can be generating a steady source of income for them on a daily basis. But the truth about this is that, you might not be as lucky as you think because so many gamblers are not that lucky to win a reasonable amount of money. What's important is how you gamble, remove the mindset of generating capital to start up a business from gamble because you might not be as lucky as you think. Although it's not a bad ideal, but I'm only saying that there's no guarantee to win a reasonable amount of money from gamble.

[Merit.s]

No, I haven't been able to win big and successfully invested the money to generate more income. You know one thing with gamblers is that they tend to believe that they can win a bigger amount than the one that they won if they continue gambling due to their greedy nature and before they know it, they have blown it up.

I haven't win a good amount of money that I can use to start up a business because I'm not that lucky and I only gamble with little amount of money.

[Bluedrem]

If someone wins a jackpot while gambling, they should withdraw the majority of their winnings. Otherwise, if they use the money as a gambling portfolio, they may become aggressive in gambling and gamble more aggressively, which can quickly deplete their capital, i.e., their gambling portfolio. But if someone wins and withdraws the money and invests it in some other field where there is a stable income opportunity, that would be the wisest thing to do. I have not won that much money gambling yet, so I have not had the opportunity to invest the money I won in gambling.

[Cryptomultiplier]

For me, I have not really won big to even think about investing it in any business, but I have read stories about those who won and went back to zero after the money finished due to reckless spending and lack of financial management.
To even win big demands some form of discipline to it, let alone after winning a jackpot, that's when better discipline is applied.

[aioc]

Just wanted to ask if anyone here has actually done that.
Did you use your winnings to start something real, and did it work out in the long run?

I promised myself that if I won a big amount, I would use that money to set up a food stall, but so far it hasn't materialized. I'm still hoping it will happen.
All my big wins went through paying bills and groceries. The most important thing when you win is to cash it out, think of your family by paying bills and treating your family, and you will feel that your gambling experience is worth it.

[rachael9385]

I’ve been thinking about this for a while because a big gambling win can really change something, but at the same time it can disappear just as fast. That’s the part I want to avoid if it ever happens to me.

Instead of wasting it or putting it back into gambling again, I’d rather use it as capital for a small business or anything that can grow and become a steady income later on.

Just wanted to ask if anyone here has actually done that.
Did you use your winnings to start something real, and did it work out in the long run?

Everyone has different aims to what they would want to use their gambling wins for, some invest it while others use it to buy valuable things that they would need such as a phone, laptop, and rent. The main thing is about putting the money into good use instead of throwing it into gambling. It is very tempting to keep on gambling even after making profit but that is actually a trap because you are going to end up losing it eventually. I used my first win to pay up important bills and it was money well spent

[Asuspawer09]

I think about that in the past, but don't really actually do it like to the point of im starting an actual business, because those kinds of things weren't really in my mind even at the moment. I would love to have one in the future if I'm able to earn a good capital, but I haven't on that part yet. But most of the time when I'm big on gambling, what I usually think is I need to spend it on something that is useful or something atleast so that I have something, and the money doesn't really just disappear in my hand, at least it makes me able to buy something. I do it back in the day, and quickly I bought a motorcycle for around 1200$ it was a really impulsive spending but all in my mind was that I bought something using my winning money.

It was probably the best investment that I made in my life, since I've used it most of the time on my work, and I think it was a good decision to at least be able to spend it on something that is going to be useful atleast you did spend it, on something, and you didn't really lose.

[hyudien]

Just wanted to ask if anyone here has actually done that.
Did you use your winnings to start something real, and did it work out in the long run?

Although I have a thought that if I win big I want to use it to build a business, but I realize I am just a small gambler, the biggest win I ever got was only around 300$, it is not enough to build the business I want, but when I win quite a bit I always use it for profitable purposes, namely allocating some of it to asset investments.

[Marykeller]

Is when you have been winning big money from gambling that you will think of, using the money won as capital for an existing business or a new business you have in mind.

I haven't won big money from gambling, would I say it's because I stake with little money each time that's why the money to be won from gambling is little to add as capital to the existing business

[danherbias07]

I have not won any big amount that can definitely start something, but I did use it for buying stuff that is needed for the house.

Also, I believe the power of gambling to keep a gambler coming back after a big win will linger, which is why someone could not start anything like an investment or a business after it. It's difficult to do that when mentally you know that you made that money easily, and starting something that will make a person work harder to make profits will probably not be on their mind.

[shawonngp]

I've thought about that before, but when I think about it again, it doesn't seem like a good idea. If we build a business using winnings money & still continue playing, cash flow may not be good for the business. When you lose, you might take money you previously invested in the business to make deposits. It would be a good idea, when we actually leave gambling after the big win we got.

Exactly, it is not really possible to manage both gambling and business (investment from gambling profit) in parallel, because gambling is a big risk, and it is not possible to win consistently, so there is no guarantee that you will be able to win big again and again. Rather, I have seen some people who first won big and then, when they continued gambling, lost everything in the long run. So if someone wins big in gambling and uses that capital to run a business, it is a very good initiative, but he must stop gambling; then he can focus on the business and keep it going for a long time. I think this will slowly destroy his business if he uses business money for gambling.

[Rockstarguy]

The truth is that when you have no plan on how to spend it, one will definitely spend it anyhow whenever they have the opportunity to get it. And for those who don’t understand how money works, they will also misuse it when they get it. Some people don't even understand risk when it comes to money; they take very expensive risks, and that is why they end up losing money.

Whoever needs money for something important and is lucky enough to win won’t spend it unwisely but will use it for a good purpose. Lack of understanding and greed is a reason why someone who has the opportunity to win will use the same money to gamble again.

[Rabata]

In reality, it's easy to say something but difficult to do. If we can use the money from big wins in gambling for investment, then that investment can definitely give a good return in the future. But if we are more greedy after winning, then that money will be lost. Most gamblers have wins but they do not find the money from their wins due to excessive greed. I got a few big wins in gambling according to my bets, but I was able to use one of the wins and most of the winnings lost. If you win, try to keep yourself calm for some time. If you try to win more immediately, there will high possibility of loss your winnings.

[Gifte001]

Ever since i lost one big jackpot 2017 till date i don't play risky games or stake high anymore, this time around i only bet to win little because gambling isn't what i should hope on or think of hitting jackpot true it and the last time i won was just little amount because i didn't stake high, So with the little win there's no way i could raise capital to start up something.

[Dr.Bitcoin_Strange]

The money I have won in gambling have been beneficial to me in different ways but I've not used it as capital for any start up but that doesn't mean that I have not utilize the money on things that was really good to me. Although, I have not actually won a life changing amount like those that have luckily won above $10k to $100k in their lifetime, I have not had such a huge win because if I do, I will definitely put the money into something more beneficial.

[Makus]

I haven't really won an amount that's big enough for me to start up a big business or do something substantial but if I do I'm going to use think of starting a physical business that can generate income for me. It is funny that a lot of people have won life changing amounts in the past but today they cannot even boast of having something that they started up. Gambling wins can be very enticing to squander because people feel like it's very easy to make money from it but the fact is that luck is something that doesn't really happen every time.

[eisen33]

I’ve been thinking about this for a while because a big gambling win can really change something, but at the same time it can disappear just as fast. That’s the part I want to avoid if it ever happens to me.

Instead of wasting it or putting it back into gambling again, I’d rather use it as capital for a small business or anything that can grow and become a steady income later on.

Just wanted to ask if anyone here has actually done that.
Did you use your winnings to start something real, and did it work out in the long run?

I think if I were to win big and the casino allowed me to withdraw it, I'd want to invest it at interest and earn passive income. But you asked a good question, I'd also like to know if there's a single player here who's managed to win big and successfully invest it to earn passive income, or use that capital to start a business. In my own experience, I don't even see how I could win big on betting, because I place small bets and win very little.

[nimogsm]

No, luck hasn't smiled on me like that yet. I personally know someone who won big at poker and founded a small company that did home renovations, and it's still in business today. He used his winnings to buy tools and hire people. Since then, they've expanded and are making a good living.Games didn't bring me enough money to open a business.