What to do After a Big Win at a Casino or Sportsbook

16-10-2020

The main aim of betting at a sportsbook, or playing at a casino, online should always be to have fun. Achieving a great win at the same time is a bonus. There is nothing quite like the rush of winning a huge Netent jackpot or the buzz of winning thousands from a successful accumulator.

However, in all the excitement, it`s easy to get carried away. If you do this, you can end up losing the money you won or spending it far more quickly than you intended. This is why, if you are lucky enough to win big, you should take a breath and think about what you should do next. Let`s take a closer look at some advice which you may find helpful in this situation.

Withdraw your winnings

If you are lucky enough to join others who have won large amounts of money, you should withdraw your winnings straight away. This stops you from being tempted to spend the money to win again. You would be surprised at how easy it is to eat through thousands of euros in winnings in a short period of time by simply chasing more wins and being unsuccessful.

Plan how to spend the money wisely

If you win a significant amount of money, it`s important to plan before you spend it. In a similar way to which you create a household budget, sit down and work out what you have and what your spending priorities are.

For instance, you may want to improve your home or go on a luxury holiday. If you do not plan in this way, you may end up spending the money on things that you do not need or just wasting everything on partying and having nothing to show for it.

Do not be tempted to use winnings to increase your gambling budget

Before you ever start gambling, you should have a budget in place. Do not be tempted to increase this budget by using some of your winnings. Just because you have had one big win, you will not necessarily get another one. You could end up losing a lot of your winnings in this way.

If you think you will be tempted to increase your spending, you can use online spending limit tools to stop you from doing so. Reputable online casinos and sportsbooks give you access to tools that you can use in this way.

In summary

There is always a level of risk and luck involved with betting at an online sportsbook or playing at an online casino. So, if you have a very lucky day, and win a large amount of money, you should make the most of your opportunity.

Do not put your winnings at risk. The best thing to do is to withdraw the money and spend it on substantial things that you make plans for. Doing this means that you have something to show for your lucky win and do not waste it.