Skip to main content

What To Do When You Win Big For The First Time?

May 26, 2021

Written By,

Brijesh Mehta

Many players dream about winning a big jackpot in online gambling, but most of them do not know what they should do when they win a big for the first time.

what after winning big win in online gambling

Hitting a jackpot through the online betting app is not something that happens often. However, it is not impossible to hit jackpot or win big in online casinos. The important thing after winning big is how you react to it.

In this article, we will discuss the top sensible things you should do before you claim the jackpot. These will help you to react to your first big winning in the best way possible and not make any mistake in the course of excitement.

1. Take a deep breath

Winning big money like hitting a jackpot is no wonder very exciting as you never see it coming. You might be very excited and eager to win more but before jumping to any next game, you need to relax and take a deep breath.

Back away from your computer or your phone for some time. Don’t keep playing with the thought that you can win more. If it’s the lottery that you win, you have plenty amount of time to turn in your ticket. So, let yourself calm down, and then work carefully forming your plans before you contact the lottery officials.

2. Request a withdrawal

After you hit a big win, request a withdrawal for the majority of your winning cash or all of it. It is easy to want to play more after winning a huge amount but chances are you might end up losing the money you just won.

You might find yourself chasing your losses if you somehow lose the amount. So, we recommend you to request for a withdrawal after you win big.

3. Take a break from gaming

If you start losing after a big win, it can take away some of the excitement you felt. The best way to prevent this is to take a short break from gambling, about a day or two. Taking breaks from an online casino is very easy. Once you know what to do with your money, you can start again.

4. Make a general plan

Before you start making some specific financial plans with your advisors, think about what you want to do with this money. You might want to upgrade your lifestyle or save it later to gain more from it or utilize it for your personal, financial, family, and charity goals. Whatever you want to do with your winning, stick to the plan to keep the things on right track.

Take your time and set a budget. The idea of setting a budget might sound unnecessary to you when you got all the money you would ever need. But it is very easy to spend the money once you got it.

To avoid making bad decisions and spend them unnecessarily, sit down with your advisors and make a budget of how much you have.

After counting the federal, local taxes, and state taxes, make a budget of how much you will need to spend and how much you would like to invest. After that, set strict monthly and annual budgets for what is left and stick with it. It might take some discipline to preserve your winning wisely but it is definitely worth it.

5. Invest prudently

Make sure to invest the money carefully rather than spending it like there is no tomorrow. Put the money in safe or in short-term investments. You don’t even have to use it for the first six months.

You can also ask your advisors for a piece of good advice and invest them into mutual funds, fixed deposits, or stocks. Do not fall for investments you don’t understand or that sound too good to be true. 

6. Don’t expect another big win anytime soon

Winning in online gambling is great but chances are very slim for you to hit a big win back to back. It is great to be hopeful but don’t continue playing expecting another big win and don’t fall into the trap of thinking that you can be a lifetime winner.

Remember that gambling is also about having fun than just winning money as much as you want. At last, secure your money and think of how can you utilize it wisely.

Online Casino Withdrawal Methods In India

Now that you know what to do when you win a jackpot, you might also want to know about the best withdrawal methods. Online casino sites offer several forms of payment methods, but not all of them will allow you to withdraw. To help you choose the right method, we have discussed some of the most commonly used withdrawal methods that most online casino site offers.

a. Visa:

Visa is one of the most accepted payments and withdrawal options and is available in over 200 countries. Most online casino sites have Visa credit cards and visa debit cards for their deposit and withdrawal purposes.

b. Mastercard:

Mastercard is a quick, simple, and secure payment option used for online casino deposits. These credit cards are accepted in many online casino sites as a method of withdrawal and depositing cash to your account.

c. E-Wallets:

The most popular form of accepted e-wallets in an online casino are Neteller, PayPal, Skrill, etc. These e-wallets are the most convenient and easiest options that allow you to store your banking information safely under one account.

How to select the right payment method option?

While choosing an online payment method, safety and convenience is the most important factor to consider. Another thing to consider is how quickly and easily you can withdraw money using the payment option.

Also, check whether you can use the payment method for both deposit and withdrawal or not. Know if there is any restriction on withdrawal before selecting a certain method for deposit.

If you found the payment option that meets all the requirements, check if the method is available in your location or not. If you are from India there are certain payment options available such as Skrill, Paytm, Phone pay, AstroPay, Ecobank, Neteller, etc.

You can use any of the methods that are discussed above. They are some of the commonly used methods by players and are secure and reliable.

Conclusion

These are some tips you should follow if you ever get a chance to win big. Hope this article was helpful to you and make sure to follow the tips to make the most out of your money. Also, there are certain options available to you when it comes to a withdrawal method. So research enough and pick the one that is trustworthy, convenient and seems the best fit for you.

BetBarter India offers endless betting games you would love and accepts various types of payment and withdrawal options that are convenient to Indian players. Play now and get a chance to win a huge jackpot.

Betbarter registrations

Written By,

Brijesh Mehta

Brijesh Mehta is a content writer & strategist from India providing his top-notch skills & expertise in the Sports and online casino industry for more than seven years. He is an avid reader and creative writer who is fond of words and uses them to teach others about online betting and trending sports news through his in-depth guides.