Post
Topic
Board Gambling discussion
Re: If you would win a Jackpot what would you do with the money?
by
Don Pedro Dinero
on 18/11/2017, 17:32:47 UTC
If you would win a large amount suddenly, like a jackpot or a lottery, what would you do with the money? Especially if the money is coming to you suddenly, unexpected, and you were not prepared to win such large amount.

Let's say you would win something like 200 BTC or more,  which I have seen many gambling websites payout from time to time. What would you do with it?

1) You would gamble with it again, trying to multiply the bet, to get even more money
2) You would withdraw the money, and invest it into some financial investment: maybe some cryptocurrency investment, maybe some fiat investment
3) You would spend it:
    A) Buy a car or a house
    B) Spend it on women or wife
    C) Spend it on your kids
4) Donate it to charity
5) Start up a business
6) Hold it in Bitcoin
7) Other


200 BTC is currently $1.5 million. You would be a complete idiot if you chose option 1), unless you already had some other spare millions in case you lost that. When this post was opened it would be less than half but the same applies.

As for the other options, the more reasonable action is to divide the money into parts. With that, you could buy a car and a house, spend some money on others, invest, give to charity etc.

I think I would allocate at least 50% for investment and around 10% for enjoyment, like travelling or buying fancy stuff.