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

[Findingnemo]

In my opinion, it's a big illusion to think that starting a business requires initial financial capital. 🙋

An entrepreneur must, above all, inspire trust. A good entrepreneur can offer their clients an upfront payment. Clients will gladly do so because they completely trust the entrepreneur. And after receiving the upfront payment, a good entrepreneur will organize all business processes in the best possible way (which ultimately leaves all clients satisfied).

Relying on gambling to accumulate initial financial capital and then start a business is, in my opinion, very naive. It's the wrong approach...

So, instead of studying business, you'll gamble? But these are completely different human activities! 🧏

It's naive for me to think that you can persuade someone to make an advance payment by telling them your idea, which will bring profit to someone in the future. It must be some kind of unique idea that has not yet been used by others, but basically everyone always repeats what works well for the "neighbor." And here, without your own money, on full trust, it is very difficult to get attention and get investors. Everything is made much easier if you risk your own capital.

Speaking of winning, of winning big in gambling, and then using this money in business, yes, it sounds naive, and the possible cases will be reduced to a few. The difference is that those who have the brain of a "businessman" will never risk their money in such an unreliable activity as gambling, while those who win will spend most of their money either on buying empty items, food, and alcohol or out of greed and desire for even more. He'll just lose them.

Looks like the person with the mindset of  "Gallager", But gambling is not even worth taking the risk or anyone should invest their money with the hope of making more money in returns but there are some conmen out there who can convince even the people who might thing we are smart because they use the exact words that the other person want to hear and ignore the complete truth so they will fall for the trap.

[ColdLava40]

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 don't know how big of a picture you are referring to here, but I know it's going to be a lifetime win.

I've not come across such wins in my times of gambling, maybe I'm unlucky? It's normal for anyone to be excited upon hitting such wins and it's better to be a good spender.

Some opportunities doesn't come but ones, so if we are opportune to hit such win in our life of gambling it's is best to put the funds into something that would bring returns for us. It's fine to spend and have fun, but think back to all the money you've lost.

[Myleschetty]

Ideally in gambling, once we have an opportunity of winning Big amount of money, wr must maximize this privilege and ensure to invest with it, using at least 80% of it on investment is not bad, while on some of these investments, we can also choose to diversify them by considering other similar assets, while the remaining 20% can be used for order demands or needs will may wanted to carter for, but many will end up the opposite way and later be stranded of how to source for money to gamble when they have wasted the ones being won by reckless spendings.

What you said is a good thing, but the big win is something that "can disappear just as fast," is what the OP stated.
Many people invest their money, but they ultimately make wrong investment choices.
The best course of action, in my opinion, is to have a written plan for our ideal investment or business to establish when our capital arrives.
This will help us think right before the money arrives because many gamblers are unable to handle the emotion that comes with the money when it arrives. Therefore, the first thing we do when we make significant wins is withdraw and put it in our ideal business or investment.

[Chinesebaby]

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?

Indeed that's how it's supposed to be whenever you are lucky to win a jackpot, and use the money as capital to start up a good business. Because we all know that been profitable at gambling in a long run is not always a guarantee, and because of that, whenever you are lucky to hit big, the next thing you ought to do is start up a business that can be generating you profits daily. Because if you are to listen to stories about the world richest people, you will never find any who will say he or she got rich or wealthy through gambling, and by that I mean playing gambling, and not opening a gambling casino. Because launching a gambling casino, that alone is already a business with great profit margin. So starting something new with your gambling winnings is the best approach to gambling.

[Odusko]

Ideally in gambling, once we have an opportunity of winning Big amount of money, wr must maximize this privilege and ensure to invest with it, using at least 80% of it on investment is not bad, while on some of these investments, we can also choose to diversify them by considering other similar assets, while the remaining 20% can be used for order demands or needs will may wanted to carter for, but many will end up the opposite way and later be stranded of how to source for money to gamble when they have wasted the ones being won by reckless spendings.

What you said is a good thing, but the big win is something that "can disappear just as fast," is what the OP stated.
Many people invest their money, but they ultimately make wrong investment choices.
The best course of action, in my opinion, is to have a written plan for our ideal investment or business to establish when our capital arrives.
This will help us think right before the money arrives because many gamblers are unable to handle the emotion that comes with the money when it arrives. Therefore, the first thing we do when we make significant wins is withdraw and put it in our ideal business or investment.

Qell said someone may have money invest in wrong business trying to utilise their available balance, but the most annoying part of it is that some gamblers after winning, they forget to think properly, because at that point they make wrong investment decisions like buying wrong properties or even putting it into another scam that eat up their money, so I agree with the need to have a well planed out business as a person and then waiting for the capital to utilise it in achieving your dream.

[Su-asa]

The problem with a lot of gamblers is that they think it is possible to continue winning after they win a huge amount that's the reason why they end up losing everything. Not many gamblers think about using their wins to start up a business or get something of value, all they think about is how they can get more and that's just the greed that comes with the game. It takes a lot of discipline to win a huge amount and decide not to put more money back into the game.

[Crypto_Timothy]

Using your gambling win to build something that generates ongoing income is probably one of the more practical ways to actually win when it comes to gambling. I have seen and hear alot of stories where people who immediately reinvested their winnings into more gambling eventually gave everything back because the house always win but while those who treated the win as like a one-time opportunity and actually started a small business or the ones that used gambling funds to travel for education, they were more likely to see lasting benefits because a big win in gambling is temporary but then a successful business or another reliable source of income has the potential to keep paying off long after the excitement of the win has faded and trust me, it will for sure fade away.

[alastantiger]

I know someone way back who bought a bike and. Truck from his gambling winning in sport bets, we have many gambler's around who take advantage of big money from gambling winning to establish their dream businesses.
Most of the time, the total amount may not be up to the Capital to start they business, but big enough to take them to some extent, and sometimes the winning money can be More than enough to buy the complete set for the business start ups.

This set of people are the few ones that have sense because they did not spend the wins that they got from the games they bet on instead they invested that money into a business and probably they won't be addicted gamblers right now instead they have a business that they operate. The reason why most gamblers don't use their money wisely is because as they got it easily they think it will always be like that and this make them to think that anyone investing their winnings are wasting their time. Many gamblers that have also used the money they won from their bet to start up a business but that business is not existing anymore because of the addiction problem that they have as some gamblers might run down their business just to continue gambling. Those that make money from gambling and now running a successful business are very few as not many people can make good use of their bet winnings.

[darewaller]

Ideally in gambling, once we have an opportunity of winning Big amount of money, wr must maximize this privilege and ensure to invest with it, using at least 80% of it on investment is not bad, while on some of these investments, we can also choose to diversify them by considering other similar assets, while the remaining 20% can be used for order demands or needs will may wanted to carter for, but many will end up the opposite way and later be stranded of how to source for money to gamble when they have wasted the ones being won by reckless spendings.

For a lot of people, It's easier said than done, some people can have very great idea but don't have the money to power the idea and if luckily they win a huge amount, that idea that they have been thinking about will just run away all of a sudden and you will see the same person that ones had a good idea will just forget about all those ideas and start miss using the money until it gets exhausted. For those lucky players that has won huge amount before, I think it's only a few of them use the money to establish themselves.

Yeah, most people who wins big, depends on how big of course, will just simply end up with using that to do nothing at all, and should be considering how this could be a very different situation overall for all of them.

I think it is clear that they are going to chase some more wins. If you turn 100 dollars into lets say a million dollars, you will say "this is how far I have come, it must mean I am good, and can make more" and they will not stop until they lost it all and won't have anything left.

[sompitonov]

The problem with a lot of gamblers is that they think it is possible to continue winning after they win a huge amount that's the reason why they end up losing everything. Not many gamblers think about using their wins to start up a business or get something of value, all they think about is how they can get more and that's just the greed that comes with the game. It takes a lot of discipline to win a huge amount and decide not to put more money back into the game.

Despite this, I'm sure there are gamblers who have managed to win at gambling and found the strength to never return, instead investing their money. Of course, such players are few. Of course, most of those who did manage to win only quit for a short time and later began to be tormented by the thought that if they continued, they might win more. It's important not only to understand this, but also to do what's necessary and distribute the winnings, rather than blowing everything on gambling, otherwise there's a high chance of ending up with nothing.

[hedgeh0g]

Despite this, I'm sure there are gamblers who have managed to win at gambling and found the strength to never return, instead investing their money. Of course, such players are few. Of course, most of those who did manage to win only quit for a short time and later began to be tormented by the thought that if they continued, they might win more. It's important not only to understand this, but also to do what's necessary and distribute the winnings, rather than blowing everything on gambling, otherwise there's a high chance of ending up with nothing.

I think many people won't want to remember this or talk about their unsuccessful journey, even if they initially won the biggest amount of money and then lost it all. But if someone does come forward and share their experience, they're strong because they were able to process it. It's a lifelong pain for many, after all. I haven't had this experience, so I hope what I've read in this thread will help me act wisely, as much of the advice is very good. However, I'm sure any of us can forget this advice after winning and continue playing, hoping to win more.

[icebar]

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?

Indeed that's how it's supposed to be whenever you are lucky to win a jackpot, and use the money as capital to start up a good business. Because we all know that been profitable at gambling in a long run is not always a guarantee, and because of that, whenever you are lucky to hit big, the next thing you ought to do is start up a business that can be generating you profits daily. Because if you are to listen to stories about the world richest people, you will never find any who will say he or she got rich or wealthy through gambling, and by that I mean playing gambling, and not opening a gambling casino. Because launching a gambling casino, that alone is already a business with great profit margin. So starting something new with your gambling winnings is the best approach to gambling.

We should basically find a way to earn money before spending money. Because when someone has a running financial flow, he can spend money very easily on any activity. Be it gambling or buying something. But if someone does not have money to start a good business and he gets a big jackpot from gambling, then he should definitely invest in a good business. But some gamblers lose all their money in gambling even after getting a big jackpot. Because they want to win a big jackpot again from gambling instead of waiting for a long time to get profit by investing in the business. Which becomes the biggest wrong decision of their life. Because the jackpot in gambling is completely dependent on luck. So, a lucky and intelligent person does not face any big loss even after winning the jackpot.

[Hazink]

Ideally in gambling, once we have an opportunity of winning Big amount of money, wr must maximize this privilege and ensure to invest with it, using at least 80% of it on investment is not bad, while on some of these investments, we can also choose to diversify them by considering other similar assets, while the remaining 20% can be used for order demands or needs will may wanted to carter for, but many will end up the opposite way and later be stranded of how to source for money to gamble when they have wasted the ones being won by reckless spendings.

Sometimes the problem that comes with winning big is not always the money but the lack of planning and the people who surround the winner. When they make you believe that the same amount can also be won back or even higher one the idea of planning for better use of the money will diminish, and they can go into using higher staking to chase more profit, and another thing too is some people don't have good investment plans while they are busy still trying to figure out on what to invest the money on they will end up spending all the money on things that don't matter especially luxury life they have not lived before.

[lionheart78]

Has not experienced a life changing win in gambling, yes I win some good amount but not good enough to be a life-changing one or use as a capital for a good business venture.

Honestly, I am hoping that I can win such a huge amount since I think it is a good move to use the money won from gambling to establish a good business rather than spending it without any kind of return or profit in business terms.

Sometimes the problem that comes with winning big is not always the money but the lack of planning and the people who surround the winner. When they make you believe that the same amount can also be won back or even higher one the idea of planning for better use of the money will diminish, and they can go into using higher staking to chase more profit, and another thing too is some people don't have good investment plans while they are busy still trying to figure out on what to invest the money on they will end up spending all the money on things that don't matter especially luxury life they have not lived before.

It is not sometimes, but it is the actual regular problem when one wins a huge amount.  Since the money came from gambling and not from actual hard-earned labor, the gambler became complacent in spending the money without thinking that it might be impossible to win such a huge amount of money again.

[Sonia_123]

Of what use is the essence of the big win if you cannot use the money to set up another business for growth and increase in wealth so that you will have what you will fall back on when when you are cashless to gamble .

Gambling back within your big win shows that you don't have a better future and plan for yourself, big wins can change your life for a better if properly utilized .

[junder]

That's right, for one to have big win in gambling, its for them to bet with big amount of money but if luck is not on their side, they might lose everything that they have risk for. That is why people are always reminded to be aware that gambling is based on luck and one should bet or play with what they can afford to risk, so that if the game doesn't play on their favour, they won't be that hurt because they are aware that gambling is a game of entertainment, which one should be ready to accept any results that comes from gambling for their own safety.

You are right, although it is still possible to get a big win with a small bet amount but this will not be as big as a large bet amount too but need to digaria under big bets can allow us to get a small win. Sometimes we may think when gambling must take a risk that is nothing but a big bet to get a big result, but however it is bet according to our own abilities and make sure we are ready to accept disappointing results.

[OsaiEmma]

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.

I 100% agree with this, leaving gambling permanently after a big win is the surest way to preserve that win; if not, you'll just be giving back to the casinos/bet platform what you won from them.

Starting a business is good, but will you have the self-discipline to keep the business and its proceeds out of gambling? That's the question that matters most; or, will you say "I should go back to my grass root from where I got my capital", that's the beginning of the end of your business.

[Betwrong]

~ 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?

Once, around 10 years ago or so, I won $1,700 in a poker tournament and bought myself a ThinkPad, if that counts. But that was my biggest win of all time and it was possible only because I was given a ticket to the tournament for free. The buy-in, $150, was(and is) too high for me. Overall, I agree with those here who say it's a bad idea to try to win enough money to open a business. Gambling is entertainment, not a job.

[Peanutswar]

In my experience its different thing instead I used the money to buy a daily necessities, I dont have time yet for business so instead I have little time only for gambling and little amount in playing gambling so from the lowest bet I had like roughly 5-10 USD manage to hit a 600$ instantly with a good consecutive spins of course this amount was so huge im my country so instead I used the money to buy my daily needs and got some extra budget before the salary day again. But I dont treat gambling as a source of income just casual entertainment.

[bakasabo]

I dont think that a person who won big will continue posting on the forum (if he is from bitcointalk), will share information that he won a lot on the forum.

As I have said previously, if someone wants to use money from gambling to start a business, that person must report those money, pay taxes and only then use them as capital to start a business. As most of us prefer to stay anonymous and skip KYC (and taxes), there are little chance that gambling winning will be used as capital.

P.S. You can do that, but soon authorities will ask for funds origins and that is where problems will start.