Scared Money Wins No Money?Prev TopicNext Topic

• GiveFive

  

  Florida - West Coast
  United States
  Member #92,605
  June 10, 2010
  6,583 Posts
  Offline
  Jul 2, 2017, 8:32 am

  ▲▼

  A friend who earlier this year won $4,600 with a scratch off told me "Scared money wins no money.  Ya gotta be willing to bet big." 

  Is he right?  Or is he nuts?  You decide.

  Play Smart!
• lottolaughs

  

  Sunny California
  United States
  Member #40,294
  May 31, 2006
  9,088 Posts
  Offline
  Jul 2, 2017, 9:45 am

  ▲▼

  Totally agree. No, he's not nuts, he's right! When you have money to burn, you're more loose in your play no matter what kind of gambling you're doing. Once I went to the casino with friends just to have the buffet, not to gamble, and had only brought $20 with me. On the way out I threw it into a dollar machine for the heck of it and on the third spin hit $2000. Went over to the Wheel of Fortune and hit another $400. I've never done that again,lol,even when I bring $300 with me because I am more careful with my money and tighter when I know I'm going to play all day. So,yes,there is something to that I believe!
• Lucky Loser

  

  Texas
  United States
  Member #86,151
  January 30, 2010
  1,889 Posts
  Offline
  Jul 2, 2017, 9:54 am

  ▲▼

   I've always believed that if a player is afraid to lose, then they're also afraid to win. Also, there's a biblical scripture which also compliments this same sentiment:

   

  2 Corinthians 9:6

  'But this  I say, He which soweth sparingly shall reap also sparingly; and he which soweth bountifully shall reap also bountifully.'

  Now, of course, you don't just run out and max your debit/credit card but you get the point. Also, let's keep in mind that the above mentioned winner of that $4600 needs to factor in how much money they spent and long it was before they landed that big win. Time is money and money is time. 

  Small games, frequent wins, and regular payouts 'cause.....

  There are seven days in the week...'Someday' isn't one of them.

  #lotto-4-a-living
• rcbbuckeye

  

  100

  Texas
  United States
  Member #55,887
  October 23, 2007
  17,814 Posts
  Offline
  Jul 2, 2017, 11:21 am

  ▲▼

  I don't know about the "scared money" thing. I can afford to spend considerable money. That doesn't mean it's smart. Last year I spent over $2700 on lottery games. The year before I spent almost $2700. This year I'm not doing that.

  I'm sure there are some who spend way more than that. If there's one thing I learned over the years is that spending more does not mean you will win a jackpot. You might win more, but it's relative. Just be in the game. A buck or two, and be in the game.

  CAN'T WIN IF YOU'RE NOT IN

  A DOLLAR AND A DREAM (OR $2)
  
• cbr$

  

  Cordova,Al.
  United States
  Member #104,478
  January 15, 2011
  11,418 Posts
  Offline
  Jul 2, 2017, 12:03 pm

  ▲▼
  In response to lottolaughs

  Quote: Originally posted by lottolaughs on Jul 2, 2017

  Totally agree. No, he's not nuts, he's right! When you have money to burn, you're more loose in your play no matter what kind of gambling you're doing. Once I went to the casino with friends just to have the buffet, not to gamble, and had only brought $20 with me. On the way out I threw it into a dollar machine for the heck of it and on the third spin hit $2000. Went over to the Wheel of Fortune and hit another $400. I've never done that again,lol,even when I bring $300 with me because I am more careful with my money and tighter when I know I'm going to play all day. So,yes,there is something to that I believe!

  When you have money to burn. You play more in any type of gambling.

  You'll try $20, $25 & $30 scratch off. AT the casino you'll play the MAX. It

  doesn't matter if it a penny machine or $25 machine. If it interest you &

  it look like fun you try it.
• realtorjim

  

  United States
  Member #106,918
  February 27, 2011
  556 Posts
  Offline
  Jul 2, 2017, 1:00 pm

  ▲▼
  In response to GiveFive

  Quote: Originally posted by GiveFive on Jul 2, 2017

  A friend who earlier this year won $4,600 with a scratch off told me "Scared money wins no money.  Ya gotta be willing to bet big." 

  Is he right?  Or is he nuts?  You decide.

  IMO scared monies are sums which are not reasonably able to be spared for the purpose being proposed.  All sums directed to gambling, whether casino style gaming, sports betting, lotteries, friendly wagers, etc., should be considered entertainment value with no real expectation of a return on investment.  If it does happen, great!  Though there are professional gamblers who consider a bankroll as a necessity to their job and expect an ROI, I'd bet () the consideration of scared money doesn't apply, even to their last possible wager. 

  Soooo, "ya gotta be willing to bet big" is all relative.  $1 can be scared money for some and $100,000 may not be another.  I believe is a matter of perspective in ones' own frame of mind.

    I'm feeling a $312,000,000.00 jackpot win coming my way!
• GiveFive

  

  Florida - West Coast
  United States
  Member #92,605
  June 10, 2010
  6,583 Posts
  Offline
  Jul 2, 2017, 2:36 pm

  ▲▼
  In response to lottolaughs

  Quote: Originally posted by lottolaughs on Jul 2, 2017

  Totally agree. No, he's not nuts, he's right! When you have money to burn, you're more loose in your play no matter what kind of gambling you're doing. Once I went to the casino with friends just to have the buffet, not to gamble, and had only brought $20 with me. On the way out I threw it into a dollar machine for the heck of it and on the third spin hit $2000. Went over to the Wheel of Fortune and hit another $400. I've never done that again,lol,even when I bring $300 with me because I am more careful with my money and tighter when I know I'm going to play all day. So,yes,there is something to that I believe!

  Laughs,

  The guy who won $4,600 told me that he personally knows someone that won $1,000 a week for life with a scratch off. He says that it was that guy who told him "Scared money wins no money."  He also told me that his friend spends more money gambling now than he ever did prior to the win.  Why not?? I would too.  G5

  Play Smart!
• lottolaughs

  

  Sunny California
  United States
  Member #40,294
  May 31, 2006
  9,088 Posts
  Offline
  Jul 2, 2017, 9:48 pm

  ▲▼
  In response to GiveFive

  Quote: Originally posted by GiveFive on Jul 2, 2017

  Laughs,

  The guy who won $4,600 told me that he personally knows someone that won $1,000 a week for life with a scratch off. He says that it was that guy who told him "Scared money wins no money."  He also told me that his friend spends more money gambling now than he ever did prior to the win.  Why not?? I would too.  G5

  I believe it about him spending more money on gambling. Probably the worst thing that can happen to a person or "gambler" is to win,lol. Sounds funny I know but kinda true. You want to feel that high again. And again and again and....hence the 1-800 number :)
• Pogo

  

  NC
  United States
  Member #29,377
  January 1, 2006
  592 Posts
  Offline
  Jul 2, 2017, 10:06 pm

  ▲▼
  In response to realtorjim

  Quote: Originally posted by realtorjim on Jul 2, 2017

  IMO scared monies are sums which are not reasonably able to be spared for the purpose being proposed.  All sums directed to gambling, whether casino style gaming, sports betting, lotteries, friendly wagers, etc., should be considered entertainment value with no real expectation of a return on investment.  If it does happen, great!  Though there are professional gamblers who consider a bankroll as a necessity to their job and expect an ROI, I'd bet () the consideration of scared money doesn't apply, even to their last possible wager. 

  Soooo, "ya gotta be willing to bet big" is all relative.  $1 can be scared money for some and $100,000 may not be another.  I believe is a matter of perspective in ones' own frame of mind.

  Eloquent Jim, quite eloquent... -Pogo
• Pogo

  

  NC
  United States
  Member #29,377
  January 1, 2006
  592 Posts
  Offline
  Jul 2, 2017, 10:08 pm

  ▲▼
  In response to lottolaughs

  Quote: Originally posted by lottolaughs on Jul 2, 2017

  I believe it about him spending more money on gambling. Probably the worst thing that can happen to a person or "gambler" is to win,lol. Sounds funny I know but kinda true. You want to feel that high again. And again and again and....hence the 1-800 number :)

  It's funny you mentioned, "high." That high ends as soon as the house is finished taking all you brung! -Pogo
• noise-gate

  

  * In hot pursuit of $ *

  White Shores- California
  United States
  Member #136,471
  December 12, 2012
  7,040 Posts
  Offline
  Jul 2, 2017, 11:25 pm

  ▲▼

  All it takes is a dollar, or two and a dream.If it took more than that, why then are lottery pools not constantly winning PB or MM?

   * Voice of Reason *   

  * People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.
• Elizabeth03

  

  Nova Scotia
  Canada
  Member #9,934
  December 27, 2004
  1,292 Posts
  Offline
  Jul 5, 2017, 10:44 am

  ▲▼

  I like to buy lottery ticket's, but I have to be careful with spending money, since I am currently unemployed.

  -Also, am getting older- and would prefer to win a good amount of money to be able to take care of myself, and my cat, alot better!
• eddessaknight

  

  LAS VEGAS
  United States
  Member #47,728
  November 22, 2006
  9,417 Posts
  Offline
  Jul 5, 2017, 5:50 pm

  ▲▼
  In response to Lucky Loser

  Quote: Originally posted by Lucky Loser on Jul 2, 2017

   I've always believed that if a player is afraid to lose, then they're also afraid to win. Also, there's a biblical scripture which also compliments this same sentiment:

   

  2 Corinthians 9:6

  'But this  I say, He which soweth sparingly shall reap also sparingly; and he which soweth bountifully shall reap also bountifully.'

  Now, of course, you don't just run out and max your debit/credit card but you get the point. Also, let's keep in mind that the above mentioned winner of that $4600 needs to factor in how much money they spent and long it was before they landed that big win. Time is money and money is time. 

   lucky loser, LottoLaughs, et al

   

  "I've always believed that if a player is afraid to lose, then they're also afraid to win" ~LL

   

  The secret to winning in Las Vegas is"First YOU HAVE TO BE WILLING ....  and Luck will find you!

   

  You maybe walking around lucky and net even know it

   One way to win is to just put down a bet that covers all of your losses it will give player a profit that you need. Play one bet a day or a game & walk away from the table.

   

  Where chances are challenged constantly, don't let the odds deceive you.

   

  Pro-Player Advocate

  Eddessa_Knight with lucky light 
• EdG1955

  

  Marana AZ
  United States
  Member #145,335
  August 3, 2013
  275 Posts
  Offline
  Jul 5, 2017, 7:33 pm

  ▲▼
  In response to GiveFive

  Quote: Originally posted by GiveFive on Jul 2, 2017

  A friend who earlier this year won $4,600 with a scratch off told me "Scared money wins no money.  Ya gotta be willing to bet big." 

  Is he right?  Or is he nuts?  You decide.

  How much has that friend spent on the lottery in his lifetime?  More than $4,600?  What if he'd invested the money spent on lottery tickets.  Would that have returned more than $4,600?

  I'd say he's half-nuts and half-right.  All you need to do is read some of the front page stories on Lottery Post to see that people who play numbers that came to them in a dream or on receipts or just through a "feeling" can and do win big without betting big.