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

[Odohu]

I have won what many people will consider big money in the past although that is hardly my target as it is very far from what I target to win. Nevertheless, I'm grateful to have been able to win something significant that helped me achieve one or two things when it mattered most. Honestly, I was not expecting the winning then and until I withdrew the money and received it with minutes, I never believed I had won. What I learnt from that experience was that good winnings always come when not expected which is why we should never be desperate to win.

[Mindyspace]

I find this idea very interesting. Many people, when they win, end up betting everything again, and the money disappears quickly.

Using a big win to start a small business or create a more stable income seems much smarter. That way, the money isn't just dependent on luck and can become something that generates returns for a longer period.

I've never done it, but I've seen people who used their winnings to open a small business or invest in something simple, and it worked out. In the end, the most important thing is not to treat the prize as infinite money and to try to make it truly profitable.

[uchegod-21]

There was a time a post like this was brought to the forum about a young gambler who won alot of money and used the money won to invest in transport business. He got up to 3 or more vehicles, including a tricycle which he intended to use to support his business. The story made wave on social media last year. That is a good example of a responsible individual, he understood that being a gambler is not an excuse to act irresponsibly.

I know other persons in real life who bought assets with the money they won from gambling. If I ever win a huge amount of money, I will definitely be reinvesting the money into something profitable just like the other guy has done.

[Finestream]

So far, my winnings are not that big that can manage to start with a new business. It takes bigger bets of course, but since I'm just risking here a small amount, so I will also expect not so big amount.

But when you are actually on a winning streak, that thought of building your business if ever you hit big in gambling suddenly vanish, but you get even more greedy to put on more bets wishing to win more and make more money. In the end, you lost everything you have, including your capital in gambling. But maybe if we are talking about lottery here, that kind of win will surely lead you navigating your new business.

[NurseHub]

Yes, there are people that have won big in gambling and are still rich from the money they won.
One thing is having plans, that's why it's good to learn something you can do even when there are no funds yet.

If you already have a dream or have learnt something when you win in gambling, you will develop yourself with the money and never go broke if properly used.
I haven't won big money in gambling and if I do, I will make good use of it. Though big money defers, because your big money could be another small amount of money, in everything  just make good plans work towards it too and if a good win comes, use it well.

[dimonstration]

Someone in mu neighborhood manage to win the lottery 30 years ago. He invested all his money on purchasing land titles on now a commercial space area. He becomes the most richest person in my municipality now due to his real estate assets that he invested using his lottery win back then.

His story is very popular here that creates a popularity on lottery outlet. But his decision on investment is what him wealthy until now because many lottery winner that much higher amount is now poor because of poor financial management.

I don’t consider winning big on normal casino games but on lottery.

[lombok]

Yes, there are people that have won big in gambling and are still rich from the money they won.
One thing is having plans, that's why it's good to learn something you can do even when there are no funds yet.

If you already have a dream or have learnt something when you win in gambling, you will develop yourself with the money and never go broke if properly used.
I haven't won big money in gambling and if I do, I will make good use of it. Though big money defers, because your big money could be another small amount of money, in everything  just make good plans work towards it too and if a good win comes, use it well.

Indeed, in terms of security of our future, a well thought out plan of funds allocation prior to a big stroke of luck coming about is a very important protection of our assets. In my opinion, a good economic base would make us grow our assets with mastery of new knowledge prior to the availability of capital. The labor will be easily thrown in the garbage bin in case sufficient preparatory plan is not in place and the immediate success is lost through naive utilization of cash. This ensures that we are able to prevent possible bankruptcy by managing it adequately.

[Creeper0]

It may be difficult to find such a person. The reason is that most of the time it is not possible. Very few people see big wins before losing a lot of money. The big win you are talking about may only mean a part of the money you lost. That is why that win may not satisfy you. Even gambling is so tempting that after winning a big amount, you may forget to stop. There will be a big difference between the decision-making ability at normal times and the decision-making ability at that time. So although it sounds easy, it is actually very difficult. Because losing will depend on pressing just 1 button.

[Oasisman]

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?

Realistically speaking, I don't think most people would use the whole winning amount as capital, but they might going to use portions of it to add to the total capital if they plan to build a business. There is always a part of us that keeps us attached to gambling after a huge win. It's like we are still longing for it to happen again. So, the remaining portions of that big win will most likely be spent back on gambling. It would be so lucky of them if they are gonna win that big, similar to that amount again for the 2nd time.
Nevertheless, this is still a good option rather than spending it all back again on gambling, which most likely gonna run out eventually.

[Asiska02]

A lot of gamblers will think and have this mindset that when they win big, they should use the money back into gambling to risk more in order for their next win to be bigger. Unfortunately, they forget that each win is independent and are not in any way correlated to your last big wins. This makes them lose the money al and back to where they started from.

If you’ve been able to study gambling very well, you should know that for you to remain actively engaged in it, you would need a source of income that’s independent on gambling and this gambling being your other source which is what you’re risking your money into from time to time. I think having this mindset will allow you to not risk all your money back after a big win into gambling but look for other means to diversify your source of income which will be less risky and more dependable on than gambling itself.

[Jody.Drummer]

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?

For those who have won big and used it wisely, such as using it as capital to start a small business, it is a good decision, because not everyone can do that, in general, most people who gamble will use the money from their winnings to spend it on what they want, or maybe some of it is used for gambling again, worse, it all goes back to gambling regularly. And for those who can be wise, I think they are very lucky because they can use it well even though they may have previously lost a lot or more than their big win.

It is only few that will ever think in the direction of starting a business when they win big amount of money from gambling. Some gambler maybe thinking that they will continue winning without knowing that luck won't always be on there side for then to always remain lucky with winning. Instead of using the money to start up a business a no matter how small they will used up the whole money for gambling.
As for I haven't been that lucky to win an amount that can be able to start a small business.

Yes, it’s true that very few people are able to make good use of a big win they’ve earned, because most people don’t use it wisely they might even end up betting it all away again. When someone gambles to win, and if they do manage to win, they’ll likely think they’re on a lucky streak, so they’ll keep betting because they feel they’re in a lucky phase they won’t just stop there. However, as we know, no one can predict whether luck will last or when it will come and go. And if you haven’t experienced this kind of luck yet, don’t obsess over trying to get it.

[alani123]

Among the millions of people who managed to make money in a sudden manner through gambling surely there must be some that also managed to use their gambling winnings as investing a d savings.

But I'd venture to guess that gamblers tend to lose their winnings more than people who managed to earn through other means. And this is again some sort of a societal structure. See how buying bitcoin is seen as investment although it has historically been very risky. Then there's gambling which is seen as a completely lost cause although many people do indeed win. This leads to the ones doing it losing their winnings more than in other fields.

[Pi-network314159]

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 am hoping to win big someday because I haven't yet for a long period of time now. But However I don't even hope only on wining big to start a business, I am already embarking on it, if I wait to win big before I can stop gambling and start a business then I my wait for enternity. We shouldn't see gambling win as the only money to help us start a new beginning before quitting gambling otherwise you will get trapped and may never win such amount till old age. Just look for another alternative to help yourself Rather than hoping on gambling win to what you wish.

[fullfitlarry]

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?

Realistically speaking, I don't think most people would use the whole winning amount as capital, but they might going to use portions of it to add to the total capital if they plan to build a business. There is always a part of us that keeps us attached to gambling after a huge win. It's like we are still longing for it to happen again. So, the remaining portions of that big win will most likely be spent back on gambling. It would be so lucky of them if they are gonna win that big, similar to that amount again for the 2nd time.
Nevertheless, this is still a good option rather than spending it all back again on gambling, which most likely gonna run out eventually.

Exactly, this is also my thoughts here, and it really depends on how big your winning is. If it is not that big, then I don't think that the gamblers has the mindset to roll that money into business.

But if let's say in the millions, then maybe put the money in some materialistic things and not necessarily establishing a business. We have a local saying that if money comes fast, then it will also be gone as fast as it arrived. So for gamblers, I have doubts that they have a thinking process of having a business coming from gambling.

[impulse709]

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?

Realistically speaking, I don't think most people would use the whole winning amount as capital, but they might going to use portions of it to add to the total capital if they plan to build a business. There is always a part of us that keeps us attached to gambling after a huge win. It's like we are still longing for it to happen again. So, the remaining portions of that big win will most likely be spent back on gambling. It would be so lucky of them if they are gonna win that big, similar to that amount again for the 2nd time.
Nevertheless, this is still a good option rather than spending it all back again on gambling, which most likely gonna run out eventually.

I believe that you are quite realistic as the majority of people do not completely forget about gambling after a great win. Although making winnings a capital source can sound like an excellent idea, the temptation to get another win usually makes people invest a part of it on gambling again. In actual sense, very few can afford to save a part and invest wisely in such a small business or investment. It is actually all about discipline and attitude showcasing the win as something that is not easy to come by, but easily reproducible.

[lombok]

I believe that you are quite realistic as the majority of people do not completely forget about gambling after a great win. Although making winnings a capital source can sound like an excellent idea, the temptation to get another win usually makes people invest a part of it on gambling again. In actual sense, very few can afford to save a part and invest wisely in such a small business or investment. It is actually all about discipline and attitude showcasing the win as something that is not easy to come by, but easily reproducible.

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[purple_sparkles]

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?

Realistically speaking, I don't think most people would use the whole winning amount as capital, but they might going to use portions of it to add to the total capital if they plan to build a business. There is always a part of us that keeps us attached to gambling after a huge win. It's like we are still longing for it to happen again. So, the remaining portions of that big win will most likely be spent back on gambling. It would be so lucky of them if they are gonna win that big, similar to that amount again for the 2nd time.
Nevertheless, this is still a good option rather than spending it all back again on gambling, which most likely gonna run out eventually.

I believe that you are quite realistic as the majority of people do not completely forget about gambling after a great win. Although making winnings a capital source can sound like an excellent idea, the temptation to get another win usually makes people invest a part of it on gambling again. In actual sense, very few can afford to save a part and invest wisely in such a small business or investment. It is actually all about discipline and attitude showcasing the win as something that is not easy to come by, but easily reproducible.

I think that in order to aim for a big win, you need to deposit a large amount of money into a casino from the start. I haven’t heard of anyone becoming a millionaire by betting just one dollar, so I don’t see a real strategy in that approach. If you want a business, you have to roll up your sleeves and work hard, being ready to take on multiple roles at once manager, employee, cleaner, even plumber, and work without days off or a fixed schedule. To launch a business, money alone isn’t enough, it requires full dedication, especially in the early stages.
Of course, if someone did get that lucky, I’m happy for them. Personally, I would also love for money to come to me in an easy and pleasant way.

[swogerino]

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?

Maximum I have won here is 3000 USD and that is comparable to 3 good average salaries where I live so not that huge of an amount yet I renovated all my IT resources with that money as I bought 1 Zbook G8 used laptop, a new phone, a new tablet and a workstation with Xeon V4 processor in my home. That was the smartest thing I have done with gambling winnings in my life and I regret doing it only once, this is something I need to work on to improve it.

[junder]

I once got a big win at gambling, and by using it raandom hell sometimes I use it to buy what I want or used it again to gamble, but I have never used all my big winnings to gamble again although there is a sense of wanting to try by depositing a large amount of uanag and betting by using high betting amounts but until now I have not done so. Like there is only matter that makes me hold back to do it but yes I don't feel at a loss because I don't do it.

[bakasabo]

Even though we are a big community, I dont think that among those not many who have ever won a lot, they have spent money as capital instead of gambled them away or withdrawn and simply spent them. Those who win big I believe must place big bets. I also believe that if a person can allow such big bets to make, he has already a successful running business or salary so huge that he does not need to start a business. Also to use gambling winnings as capital, that money must be reported and taxed. I dont think that anyone wants to do that.