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Just won $30000 this past week.. what to do now?
I've never won this much money in a short amount of time, I'm ecstatic right now!
Has anyone been in my situation, and know what to do after winning big so fast?.. I'm in my mid 20's and never learned good money management. Before this big hit, I only had 100 pocket money.
Should I enjoy & cash most out , or continue on hot streak, play big/small? I'm feeling extremely lucky.. SBR community please help.
http://www.imagebam.com/image/b3ecc4299870045
Last edited by cecilkain8; 01-09-14 at 12:05 AM.
IF and that's a big IF, this story is true, cash out before you lose it all and keep asking yourself what could have been...
its all there.. thanks, seriously considering doing so..
Ive been in your spot before, scored 20K in a poker tourny when I had about 500 to my name. If you don't have it, learn self-control, and youll be fine. Dont think you have to turn 30K into 300K in a week. Respect the money, its easy to dismiss a few hundred or a thousand when you have plenty of money behind. I know a guy who scored 300K in a WCOOP event and was broke less than a year later, its easier to turn into a degen when you are rich than when you are poor
Cashout as much as you can NOW!!!
1. pay off all debts
Of what is left:
1. 50% use as your gambling bankroll (learn BR management if you havent already)
2. 25% use as a reward for yourself (vacation, gambling trip, TV, computer, etc)
3. 25% put in savings account
If you have self control and BR management, you will be fine.
my problem is no self control... im googling br management and self control guides now.. Im itching to wager INDY +7.5 Saturday
Leave $5K in account to gamble with. Cash out $25K, spend $5K on whatever you want and invest the other $20K.
thanks for the help folks.
if this is the case, then you are in for a challenge my friend. Best thing you can do now is do not gamble at all until you receive your money. Its OK to keep some on the site you are on, but do not use it until your check is in the mail. Its VERY easy to lose respect for your money. When you have 30K for a few days, and all of a sudden you are down to 24K, it doesnt feel like being up 24K, it feels like being down 6K... TAKE A BREAK!!!! You arent missing anything, and everything will still be there tomorrow
It's the action and rush that kills some gamblers I know..
I know what to do in these spots, doesnt mean I abide by my own advice. That just shows how easy it is to fall into the trap. Ive blown 2K - 10K scores in matters of minutes bc I dont have self control. not every time, but it has happened... dont let it happen to you... it feels shitty, and it takes a while to recover. Start now with strict BR management and self control and itll be easier in the future, DONT CATCH THE VIRUS!!!!
Last edited by STAX; 01-08-14 at 02:18 AM.
I'm a 5dimes user, and they're only letting me cash out $3000 check a week, this could be a challenging 10 or so weeks to get it all out, without anxiety to bet starts kicking . I NEED VACATION!
hookers and blow
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Cash the fukk out. Most of it. Take out $25K, don't be stupid. You can do plenty of damage with $5K in your account.
I can't believe this is even a debate. Cash the fukk out!!!
Post a screenshot of your account
Cash the fukk out!!
Don't say a word to anyone where you got the money. Just get most of it out
Will do, thanks.. I cant imagine the feeling losing this
Def don't lose it! Make a decent sized play on Minnesota -1 tomorrow and cash the fukk out!
Buy a condo in north. Vegas.
Start a clean gambling slate. Pretend that's your life savings and guard it with all your might. If you like a bet, allow yourself to bet! 30k is a perfect bankroll to learn money management betting $50 and $100 a game. I wouldn't go more than $500 on any game and if it was me I wouldn't even consider betting this much except very rarely on my absolute best plays, and if those lost I would not let it affect my future wagers. Pretend you're a professional gambler. Discipline is one of the easiest things to teach yourself because you can start and stop being disciplined at any time. It's within your power to be disciplined no matter what mistakes you have already made. But the absolute first thing I would do is take a week vacation. By the time you're done with that you will have a whole new outlook on gambling and you will really appreciate your small fortune and perhaps you won't want to gamble anymore!
Kid you didn't win 30,000
You might've won $300
You never saw $30,000
I doubt you can even add it all up
$30 winner buddy nice work
Buy your self a nice 3 piece suit .
Book a room at the nicest hotel in Manhattan for super bowl week.
Buy tickets for you and couple buddies to the super bowl.
Any cash thats left donate it to your favorite charity.
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Kelly criterion is your friend
every day when we leave the house we are taking a gamble.Originally Posted by Jikos
every time we step into our cars thats a huge gamble.
basically everything we do in life is a gamble.
Last week for new years probably some of us raw-dogged a random girl we met at the club.
we are gambling about
A.) was she lying about being on birth control
B.) Did she secretly have crabs or herps
When we swim in the ocean we are gambling saying that
we like the odds that a great white shark is not going to swim up and bite us in half...
Cash out. Pay any and all debts, minus a few thousand. Never be in debt to anyone again, with the possible exception of a mortgage. Years from now you'll be happy you did. Trust me, been there done that and then some.
P.S. Ignore any advice from Big Bear
PRetty sure I'm taking my posting elsewhere soon.
Worse n worse here by the minute.
Fkn joke.
If your itching and have no self control your prob screwed. Agree with others that cashing out and saving money is best but if you don't have control you will drain that. You will miss a game you "love" while waiting to re up. It will win. You will blow re up on game you just like and it will lose.
Cash out and get money out of your hands. Either buy something so you have something tangible or invest in a cd or something that doesn't allow you access to your money. Maybe give it to family and tell them not to let you have it back for 2 years. That's a down payment on your first house. You will be sick 10 years from now when you figure out how hard that 30k is to make in real world.
Stop it kid you need this place more than it needs you. If you gonna leave just leave
Threatening to leave gambling forms is not really a bold statement
People don't care anymore about that as many just post to whoever is here
Benny concentrate on the NBA
Appreciate all the advice people. I do have tuition debt to clear, and Im planning to book a flight to vietnam and enjoy. All this stress from gambling can take a toll, so I'm ready to have fun
How can i pay for your picks!!!!!!!!
Well done. Cash out. keep a little in to play with.
30k cash out 20k, leave 10k for more action.
JJ dont laugh to hard pal he will win 60k next week leave some for then
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