Topic: $5 lost by a poor gambler is worth to him than $1K lost by a rich gambler - page 2. (Read 1518 times)

When emotion kicks in then this is where shit things start to happen specially if you are a person whose really that not good when it comes to self control then you are really that bound to make out those common mistakes on which people would really be that doing. This is why it would really be that important that on the time that you do deal up with gambling then you should really be that only spending on the amount on which you can afford to lose. You cant really just that make yourself spending out like a mad man on which compromising your life savings just because you are really that trying out to be come a winner in gambling? You are really just that making yourself delusional and this is something that should really be stopped on the  time that you would really be playing gambling. Speaking about amounts in between those rich and poor people then
it would really be just that the same because even if its $5 or $10 but if you are a poor person then it would really be already that big but if you are really that rich then a certain amount would really be considered to be big and this is why it would really be that totally different in numbers but on general it would really be just that the same risks and preference on which they are really that dealing on with.
The key on here is that you do really know and accept on the amount that you are really that bound to risks on.

We as players we must learn things from others, if we see that they use good strategies and they are successful we have the right to learn them , one thing is to learn them but another is to imitate, so you have to know how to do things, I learn game strategies from others, if I see that they can work for me I apply them, so sometimes learning can be confused with imitation, if we understand the concept of a good strategy, we will apply it, and sometimes that can be seen as imitation, but we must understand that it is not imitation in some Occasions.

Just as one should not be overzealous to recover losses in gambling, one should also not imitate the betting of others. There are many who wish to gamble their way from the winnings of others but a gambler must be aware of his income status and the income status of those he follows. A person can bet more and if he loses he won't have any problem but your income may not be like his so if you follow him and bet you will definitely lose your gambling money. Be sure to manage your gambling by considering your own income before gambling.

I believe we should not make the mistake of desperation or allow emotion to rule us due to the outcome of our betting. When one hits the jackpot with a small amount, such a gambler should be contented and be happy to try his luck the next time. The moment you started feeling that you would have won bigger with a bigger wagering amount, that is the moment you might even lose the little you've won back. We should continue to keep our gambling risks low, losing little and winning little is better than losing big and winning big. This is because you will definitely lose more than you win in gambling in terms of the number of times and there is no way this can ever result in the gambler gambling with the proper money and risk management if the arithmetic is done. This can't happen even with varied conditions.

That's why they say, 'Only play with what you can afford to lose.' It's about status. For example, $100 may have the same nominal value for both individuals, and both might afford to lose it. However, since their statuses in life are different, their perspectives on $100 will also differ. Consequently, their playing styles will be different. The person with less financial stability might be more anxious despite placing low bets, while the person with greater financial stability might seem relaxed despite placing higher bets.

Then you're missing out on some of the ingredients of fear in the human brain. Fear thrives with being uncomfortable, not about being threatened. A Low-income player can get scared of mixing up with high rollers because he thinks he's not wealthy or good enough.

For example, a person walks into a restaurant upon hearing the prices of a meal spends what he didn't budget to spend because he's not comfortable with leaving the place empty-handed.

Somehow that person is afraid of what people would say, which isn't true, nobody cares, but fear puts in him those shallow thoughts. The same thing can happen to such gamblers, they think it's improper to wager $1 and leave, in a hall filled with people who spend $100 and above.

That's what I say can be influential, we have to have enough willpower to stay away from those things, we must also accept our situation, if we are of low Resources to play in a casino , yes, we will be , but we have to do it without being influenced and without wanting to be what we are not, how can we spend so much money ? or Money that we do not have, first we do not enjoy and second who are we pleasing? others have their own money, we cannot do that to seek Approval from Others.

If many people know the risks of losing their money in gambling, they should not uses too big money to playing gambling and only use the money they can afford they lose. That is the key for all people, no matters if they are rich or poor people who wants to playing gambling. But the fact is people can get tempts from gambling and thinks to makes more money to playing gambling because they thinks that they will have a chance to win.

We know that poor gamblers want to win from gambling so that makes them keeps playing gambling in their spare time. If they can hold themselves from not too often playing gambling, they can save their money for other things that will useful for them. If we can use the money we can afford to lose, we will not playing gambling excessively because we always remember to use limitation for playing gambling and we know that the risks of losing the money can be bigger.

Allowing the influence of others to help you decide on how to go about your staking amount is a bad idea because the gambler has low salary income he should just maintain his financial status and not to over react when he's about to stake because of other gamblers are staking higher amounts.
From my thoughts, what the topic says is true because a low income eaner wouldn't be happy to lose $5 or lesser on gambling because he doesn't have much to gamble with. This is why a gambler who doesn't have what it takes to risk on gamble to gamble.

There are those who seek thrills from gambling, adrenaline junkies, so to speak. I can easily imagine such a player making a bet that is beyond his means - after all, that is the point, since he will not experience the same excitement from a smaller bet. But these are extreme cases, in most cases I also think that those who are afraid to make a big bet do not do it. But they can fall into the trap of small bets - betting a huge amount, but gradually.

Very often people feel a need to keep up with others, so if they see a gambler making huge bets, they increase their betting size without even thinking about the consequences such a thing could entail, so they begin to lose way more money than expected, a situation that is still not out of control as long as they recognized what was happening and stopped doing so, but very often what happens next is that they increase their bet even further trying to recover their money, and that is when their losses can get unmanageable.

Emotions need to be controlled if the player wants to limit the losses. Being greedy is the start of this journey which often ends up with frustration and fear. They continue to fuel the need to gamble more and more and what does not appear is the acceptance of loss and moving on from it.

Come to think of it, casinos exist and run because of the human emotions and the natural inability of humans to control their ego.

In fact anyone's words. The moment you get influenced, you stop your logical thinking and that leads to the wrong decisions. Gambling should be kept in the "fun" zone and not allow it to encroach into the  "agony" zone.

In my opinion it is unethical to compare rich and poor in gambling, everyone knows that gambling is very risky of losing everything and gamblers already know that they will lose the funds that have been deposited into a gambling account, so if they are not ready to lose funds then never gamble and if $5 very valuable for those of low economic status so never gamble and it is better for them to use $5 for other needs.

Those who are rich will be free to use their money for what they want without any consideration because they have reserves of money and assets, so we must respect poor gamblers who use gambling funds that match their economic capabilities, so if they have $ 5 then it is better to use $ 2 to gamble so they don't lose it all.

I don’t understand this, If the gambler is experiencing fear then I really doubt that he can bet high wager just because he is scared. I think the result will be opposite which this player can’t place any bet at all above the amount he can’t afford to lose.

Most of the gambler that bet reckless are those who have a lot to lose and doesn’t feel the consequences of losing the money until they actually lose their bankroll. Actually, is the only factor that helps gambler to avoid being addicted and greedy since they can maintain the lower bet because they are scared to lose big.

It’s a limiter in disguise so I consider it as good thing to have as gambler.

Fear is the issue with low-income players. Let's say, John goes to the casino and feels he needs to play like high rollers despite his financial inefficiency. Out of fear, he'll wager high amounts for no reason other than his emotional thoughts that people in the casino are spending huge amounts. Gamblers who earn less shouldn't permit the results of others to influence how they wager in the casino.

People who has a lot of money will not too thinks about losing the money in the gambling because they still have the other money. That will be different than the poor people who doesn't have much money and that is why those people are trying to make money from gambling. When poor people lose their $5 in gambling, that will be the worst day for them because $5 is too worth for them. But that will be their choice to use that $5 to playing gambling and we can only hopes they know the risks of playing gambling.

While rich people will not consider that he can lose too much money in gambling because they know that they spend a lot of money to playing gambling because they want to have fun. They willing to accept the risks of playing gambling and doesn't minds if they lose $1k in the gambling table because they have more money in their bank account. Those rich people really have fun in gambling and some of them can wins a lot of money from gambling.

All the more reason is that we as Players have to have control of our money, if we have control of our money, our emotions and everything we want to unravel, then we can do it, we can bring it to the surface, we are people who will Always be very emotional, that is what makes us human, but we must protect our money, money is very necessary in our lives, it is sad to lose Everything in the casino, on the other hand we have to decipher that these things we as people are the ones who must always have control and take care of the Money.

Yeah but that's the thing.

If someone only bets $10 because they don't have more, then some rich person bets $10,000, then at the end of the day it is the same thing.

It is the amount they are comfortable losing.

Money is money and it carries equal value for all.  But a person who has a lot of money can bear the pain of losing an amount of money while a person who has a small amount of money cannot bear it. When a person earning $10k a month loses $1000 gambling it is hard for him to control himself because he has enough money left over to last the whole month. And a person who earns $500 per month and if he loses $100 in gambling, he will suffer a lot because of the rest of the money, it will be very difficult for him to support his family for the whole month. The tolerance varies according to the weight of each person

In fact, about $5 and $1k this is said conditionally. The poor also have their own small range and for some $5 is a normal bet, while $1k for the rich can also be a significant amount that is scary to lose. The thing is that a poor player needs to cover his basic needs such as paying for food and utilities, and after that there is very little left for the game, so perhaps every dollar is important for the game.

For rich players, everything is much different, because his basic needs will be easily covered if he does not constantly buy new bags for his wife) Also, the rich can also have different states of their business, from excellent cash flows to those values ​​​​when the business is on the verge of collapse and bankruptcy. If the cash flows of a rich person stop, he will no longer make big bets, because he has a huge uncertainty.