Topic: Do you think if you have a lot of money its hard to satisfy your ego in gambling (Read 1015 times)

Everyone regardless of their level of wealth has money problems, the poor have the problem of having too little money, while the rich have the opposite problem and need to find a way to protect it and increase it.

And if anything money can become an aid that can make any addiction many times worse than what it could be, as someone that does not have a lot of money cannot keep their addiction going on for long, while a rich person could do so until they destroy themselves and everyone around them.

Both are related to wealth. What I mean here is the problem of financial management, because it is clear that it is not difficult for rich people to make money every hour.

This doesn't mean that rich people never waste money on gambling, it's just that their gambling motivations are difficult to predict and our perspective is different from theirs regarding big money. However, it is very rare for rich people to gamble because they have income problems. I'm talking about rich people in general in any country where they are required to have a financial literacy background.

You will never know until you have the millions and you should only take the advice of those are betting thousands of dollars.

I have yet to be able to bet thousands of dollars but I will say from the experience of others that unless you have an ego and reckless financially betting moderately will always be the goal for you because when you are rich your perspective of betting is not the same with the poor person. Betting at that time is done to close deals, bond with business partners or just to burn off steam and not for the winnings.

It will be difficult to satisfy our ego by gambling, especially if we don't have a lot of free money, because it will gradually only take away money that we would use for our family. And if that is the case, we will not be able to meet the daily needs of our families, so we will be in difficulties that may be even worse. Rich people know their limits when it comes to gambling, and even though they have a lot of money, they will not take risks with their money. They will stop gambling when they have had enough and will leave gambling without thinking about what has happened.

It would be better if those with a lot of money used their money to invest or create a business. This will allow you to make money and grow your business even bigger. And if his business is big, that means he will make more and more money so that he will become richer. And they can still use gambling just for fun in their free time.

For me it depends. If you put gambling as your priority, you will really find it hard to satisfy your ego with gambling, and because of that the rate of gambling addiction is also very high. However, I still believe that even the richest man alive has still limits on its gambling habit. But definitely, that would be millions of dollars as they are still comfortable losing that. But if you put gambling as a means of fun and entertainment, then there will be less possibility for addiction to develop, and most probably the amount used to gamble is not that big.

Moreover, not all rich people are into gambling. Most of them are into investments and expansion of their businesses in different countries. If they find time to gamble, most likely just to relieve their stress, or just to enjoy and have some fun during their leisure time.

Agree, even in the losing stage gambling can produce an adrenaline rush. We can say that it's the trigger of chasing more of their losses. As you have said, a gambler overspend with the gambling budget because their previous bet was lost. Making a certain gambler decided to bet more and hope to at least recover the lost money.

We should be ready to learn from others so we can stay immune from excessive gambling that could hurt our personality when we want to take decisions. We are required to be a decision maker no matter anywhere we find ourselves. We don't need use our influence recklessly to hurt other people because they don't have the power or the opportunity to make decisions that would influence their lifestyles positively without us being at the middle. Ego is something that could melt us down if we are not too careful and we use it because mere looking at it, everyone has ego at one point or the other but we should not ever use it to hurt other people in a bad way.

Agree, the amount of bet depends mainly on the mentality of the gambler. It doesn't matter whether he is rich or poor. I have seen rich people who bet very little when they do. And some poor people whose financial condition is very bad but they gamble large. They are not much interested in small bets. As much as possible they don't feel motivated to bet without big stakes. There is a matter of mentality. In gambling it is very common for some to have different intention on their bets. It is difficult to say that even if one has more money, one will be able to place big bets in gambling.

In fact there are people who extends their bets to the limit that they can't handle it if the bet is lost just because of the additional adrenaline rush they can get from it. There are people who just trying to make it a little riskier for the sake of enjoyment, thrill and of course the ego. I agree that there's no correct amount of wager or bet on gambling, it depends on the gambler on how much or how strategically he will use the gambling money that he has. As long as we are enjoy doing gambling and being responsible in it, it's fine.

What a pathetic story, he would be there somewhere thinking about his past mistakes and hoping if he could actually turns back the hand of time, maybe he could have make the right decision and corrected that, but that is gone for life, that is why it is expected that we retrace every of our steps before taking them because they may cause is a live time consequences we may not like, there's nothing in over doing something.

yep, that very reasonable and not necessarily rich people bet large amounts or even small gamblers also not necessarily bet small amounts in fact many small gamblers try to bet large amounts because its all about the satisfaction of each bettor not just about money. and if you have the ability to bet $50, thats okay, the most important thing is that you enjoy it, feel satisfied with the results you get and are able to take responsibility for all the choices you choose and everything you plan, this is the best for you and enjoy it.

That would be really bad obviously. I will say the opposite, we should be wiser in spending our money. If we do not spend money wisely, we will down into something really bad and we may become poor sooner or later. As long as I know, rich people are spending their money better especially those who become rich start from nothing, due to really hard work, they will spend money wisely because they know how hard their effort to be rich.


For profit or for entertainment has nothing to do with the bet amount. We cant deny that 99% gamblers want to make profit regardless how much they bet.

What complex problem do you mean? Is it still related to money or business? But I heard some rich people don't have a problem about money anymore. They don't need to spend wisely and they can gamble whatever they want. It's important to reduce their stress that came from their other/non-financial problems. In gambling, there are two things that a gambler can possibly get. And that is profit and entertainment.

Those who bet small are probably playing for entertainment only while those who bet huge are likely playing for the profit. Gambling seems not a good way to get a fame because many people are against with it. Though maybe it's fine if this is your origin.

There's no fixed answer when it comes to the amount of a wager. It still depends on personal preference because there are millionaires who find the excitement even when betting $100 per bet. So, we can't really make a general rule based on a specific amount, as everyone has their own level of satisfaction.

Personally, at my current level, I'm not yet a millionaire (hopefully, I will be someday), and I find it thrilling to wager around $50 per bet on sports. Most likely, it will increase when I reach the millionaire stage, haha! I'm thinking maybe $1,000 per bet? I don't know.

Yep, but it doesn't rule out the possibility that rich people don't hesitate to spend their money just for entertainment, even betting on their favorite team. We also often see the news, hearing stories about some rich people betting with large nominal amounts. some of them, do not hesitate to share it on their social media. So, it's not always as specific as you say in this post. although in theory, most rich people are more focused on being busy with their business, plans, and even the programs they are running.

It's just that, basically they are the same as us, humans who need entertainment. Even though it's not necessarily specific to gambling, quite a few people like it. we can refer to gambling on cruise ships, which are surrounded by rich people, business people and all kinds of things. once they have a holiday, entertainment. He doesn't hesitate to dig deep into his pockets, just for the sake of his pleasure.
related to the theme of the title of this thread, the answer is actually very relative and varied.
IMO, it all depends on the individual. But the reality is that we as humans, always want to satisfy our ego in whatever way. especially if we are rich people, our ego will usually be very high. especially, when gambling is involved. but back to what I said at the beginning, it all depends on the individual and how someone reacts to it.

I heard a story about a korean guy that live here in my country who has lost in gambling like more or less $6.2M and became broke. Maybe that guy was chasing loss that is why he end up with massive upset. Luck is not on his favor that time but he keep on betting just to hit the end of his gambling career. He ends up selling noodles on the streets so he can buy basic needs. Gambling really depends on us specially the way we treat it.

Using some money to gamble is better than taking the risk of using most of the money to gamble, especially since we know that gambling will not give us wins more often than we want. If we have a lot of money, it would not be advisable to use it for gambling just to satisfy our desires and ego because we need money to meet our daily needs. And even though we have a lot of money, we don't need to gamble too often or place large bets because the risk of losing the money will also be large. It's better for us to save the money for our future or use it to open a business where it will be more promising to make a profit.

I don't know. That looks too much and I really think those wealthy people are better when it comes to protecting their assets. Gambling for them will be more fun and not about trying to make more.
Some rich people visit physical casinos not because they will gamble but more of a meeting place with a bit of fun that will happen with their partners or a co-owner of some brand of business. Spending that much seems to be a waste of money and it could've been used for another purpose like investing with different assets, funds, or may even cryptocurrencies.
IMO, the rich will not be putting their money into a high-risk game like this, I mean, they are better than that. But that's just my opinion and there maybe other rich guys who really likes to gamble more than invest.

not sure if they truly easily forgetting that?
we are talking million dollars here mate so even billionaires will take it hard to forget ,single bet and your money is gone? common mate lets be realistic here.
If that is not ego at least it is all about satisfaction mate , I have experienced making my capital to x20 before but did not contented me and aim for higher win ending me as a loser and regretting that forever.

it is yours mate, and we have all different attitude and views in life ..for me not because my capital is million i need to aim for another million (not unless I have lot of time to spend )

It's not all about gambling and satisfying one's ego. From what I understand about millionaires and billionaires, they are of different kinds; there are most of them who will really take all kinds of risks to double their money; it also happens in trading. Some will invest a huge amount in trading, and they will also set very high leverage, believing that the market will definitely go in their favor; sometimes it does go in their favor, sometimes it doesn't, so it's about the ability to risk with a very small chance of winning. Definitely, they will not put 80% of their wealth into gambling. If a millionaire has about $990 million to his name and he or she uses $90 million to stake a game, you will see it as being crazy, but it's a risk he is taking with just a small percentage of his total wealth.