Topic: Do you think if you have a lot of money its hard to satisfy your ego in gambling - page 3. (Read 678 times)

As long as am not dependent on the winnings from gambling to survive, to pay my bills, to move from one place to another as when needed, and I earn just as much to cover any gambling indulgence, I would agree a lot of money with less responsibilities would satisfy my ego in gambling.
It isn't the case many of the times though, because an addicted gambler would spend in proportion to the amount of money he /she has just to satisfy their ego.

Ps: I must know am good at gambling for sure, before I can be crazy enough to be satisfied with such a lifestyle.

We can only answer that once we reach that level. For now, our response is based on what we think without the actual experience.

As I said on another thread, gamblers' satisfaction has no limit regardless if they are newbie, casual, or professional whales.

The advantage though of having millions is, that these whales or high rollers are not pressured much since they have lots of ammo in their pocket. With that kind of large bankroll, they can play and last for a long period and might also have big wins on the way.

What you said is true, there are factors or forces behind money that if most persons are privileged to be wealthy they tend to be influenced by the money were as seeing everything so comon and always ready to competite with anyone, so truly money can change person behavior.

Perhaps even if they gamble they tend to gamble so aggressively because they have more on were it came from and so that people could see or speak very highly on them.

I have actually seen that kind of person on a gambling shop, however because of the money he has the opinions of other gamblers did not matter to him because he sees others as people who are subject to him.

It's worth it if I win, the problem is that it's part of the ego that's hard to fight. Goals like this accompanied by excessive dedication can make someone change their wealth status due to gambling behavior that is out of control, for example placing a big bet on a sports match where I am not sure about my predictions.

  Addiction is a language that is too rigid, like this, something that has been enjoyed and runs continuously will cause a reflex effect and become commonplace.

  If this activity makes you stay calm when the condition loses or wins, it means that you are ready with any capital and still get a happy effect to enjoy, in the event you're curious about installing it is human and that luck can be repeated by chance not from a hard work means that anyone who plays knows the consequences.

  You don't need to be too serious about losing because it can be in favor even though the potential to win is not too impossible, ego is part of the desire and fun is part of the game.

Real rich gambler bets on much with normal odds as long as they like the team. They are betting to enjoy the game through staking. There’s no sense for them to bet huge amount for low odds because this kind of betting pattern are for those people that doing all-in bet and relying on low odds to guarantee profit.

Rich people has a lot of bankroll which means betting million will not gonna broke them. Drake bets is good example on rich throw money on gambling like nothing since he bet on his favorite sports team or player and not based on the odds since he doesn’t need to resort on small odds huge bet just to get profit because a hood source of income outside gambling.

Rich gamblers has their pattern, some of them gamble just one particular match in soccer and their stake is much higher than an average person's, rich people are after making millions with little odds and a high stake but an average person's stake is little with a high odd, this why most times it takes ages for an average gambler to win in sports bets because of their staking power and multiple game selection, but in real sense I don't think rich individuals satisfy their ego in gambling because once you are into gambling no matter the amount of profit you make, you will want to go for more. But if I am to be in this position I rather invest this money in other things instead if gambling to satisfy my ego, anyway different rich individuals with divers satisfaction.

I believe that gambling is a percentage based adventure for the majority of players. People have a rough fraction of their total networth in mind that they would be willing to use for gambling. A millionaire will spend much more on his bets than the average gambler and it will mean the exact same thing for two. We shouldn't feel jealousy when seeing all these large betting slips, it's the same like high roller tables in the casinos. There will always be people with more money and willing to spend it freely. I also think it makes a big difference how you got your fortune, if you just inherited it or got lucky then you are more willing to gamble big, than when you had to work hard for it. For me it's the same like you, I wouldn't suddenly increase my betting sizes only because I have more money. I would stick to my usual routine and try to avoid becoming addicted. Another big thing is that we don't know what goes on behind these large betting slips being posted online. Maybe some gamblers have an agreement with the casino to promote their business and get a cashback for any lost bet.

Although we know that many rich people don't gamble we also know that some rich people gamble. Of course, the amount one wins in gambling is also important in order to satisfy one's own ego but I think that only obtaining large consistent gains will be enough to satisfy the ego while gambling.

Even though I'm not a rich person, I would like to give an example from myself. For example, in gambling it is very important for me to make a high profit in terms of amount in order to satisfy my own ego but winning is more important. To give a more detailed example, making a profit of 1000 times my bet from gambling is enough to satisfy my own ego but there is a very serious difference for me between winning 1,000 USD with a 1 USD bet and 5,000 USD with a 5 USD bet. Of course, the more I win the more I can satisfy my ego and obtain my potential winnings in gambling in the most efficient way but in the scenario I mentioned only gaining 1,000 times profit may be enough to satisfy my ego.

Of course, many rich individuals don't gamble with small bets of 1 or 5 USD as I mentioned but this completely depends on the person's budget. I'm sure that a millionaire would satisfy his/her ego if he/she won 100,000 USD after gambling 100 USD but 100,000 USD may not mean much to this person in terms of the amount.

In summary, I think that the person's ego will be satisfied by gaining profits hundreds or even thousands of times the bet amount but this will partially have to do with the amount.

Once a gambler is always a gambler is the case of you making a fortune from gambling, it's easier to quit if you aren't making money and it's more possible to get addicted once you make a win, so my answer to your question is if you make a fortune through gambling you are still in the clutch of gambling, you will always make a comeback, I feared this part in gambling because this means your gambling lifestyle can one day take it all back from you.

If you make a lot of money from other sources that's not gambling related you will take gambling as less addicting compare to someone who makes all his biggest money from gambling, it's a never ending rollercoaster, it takes will and discipline to escape that gambling feeling, that feeling of wanting more is very dangerous.

Like I always advice my younger ones, to choose their source of income or source of making money wisely, because the moment you begins it start becoming a part of you, even our businesses becomes a part of us, that's why you will see some elder people whom business are not good anymore but find it hard to switch into another, they are already used to the old business and it's become a part of them, so be careful what you choose to be a part of you.

If you have millions then losing even a few hundred thousand won't hurt you financially but the question about satisfying the urge is subject to every individual. I won't be a high roller even if I have money to bet high roller cause I feel it may induce that habit which could become dangerous financially, so I will be keeping my gambling activities moderate.

I think this would be  challenge about character and desires. I was always taught to spend less and be happy with spending less. Coming from half poor peasant background. (Grandpa moved from village to city). But if had millions of dollars, I would be lot more relaxed with my spending. So obviously I would become hard to satisfy with miniscule gambling wins. I don't know this automatically makes some egotistical and selfish. But I am sure being rich would mess my gambling habits a lot.

To me this is just about the spare money you have at your disposal, for example you can buy a cheap car for just a few thousands of dollars or you can buy one for several millions, and while both perform the same function, which is to get you from one place to another, there is a massive difference on their cost.

And when you think about it the same is true for almost anything you may think, things like clothes, houses and art hold a massive price difference between the cheapest and the most expensive option, so I think it is natural those that have a lot of money also make way higher bets than what the rest of the gamblers can afford.

Whale gamblers can easily spend their money in gambling and move on because that amount (worth millions bet) is what they set solely meant for leisure. They can spend more to satisfy themselves, but not all rich people have such mindset. Because even some rich do gamble, they only spend less just for entertainment.

If i'm rich, I won't spend my fortune in gambling just for my ego. I will gamble just like others who wants to try the game, have fun but not with a main desire of gaining huge. Because that's hard to achieve in gambling hence much better to gamble with set amount.

Our expectations and thoughts changes over time. Once we have reached the goal that we are trying to achieve, it changes. That is why you see millionaires and billionaires that seems they dont have contentment at all.

Say that you are already contented as a gambler to have a million dollars but you might change when the actual money is in your hand already as you become not contented because you want more or you are confident to gamble more because you have a lot of money already.

Yes, you could say that they are actually addicted to gambling, but it doesn't seem to be a big problem for them because they still have enough money to continue gambling to satisfy their ego.
every gambler who has a lot of money definitely does not thinks too much about losses because their goals is just to waste money for useless purposes, like many cases of young millennials now they gambler or go to discos for the purpose of having fun, they do that because they thinks their money wont run out so I think it's naturals that they always find it difficult to feels satisfied if they don't feel bored enough to stop doing it.

No one really prefers to be poor  . Who in their right mind that has a choice to be poor or not, will chose to be poor? I would rather be betting larger amount than smaller ones if I do have a choice and it's also about how you manage your bankroll whether you'd lose your fortune or not. I can be poor or rich and continue gambling but be broke afterwards due to poor management of your gambling habits and funds.

Your desire to gamble usually varies depending on the reason as to why your gambling. If you're gambling to be rich, then you might lose your desire to gambling if your already rich. But if you're gambling to earn more money or just to have fun and support the sports team you're bias on, then you're desire to play and gamble will always be there whether you're rich or not.

That's why I prefer to be poor... so I never have to worry about making a big bet on gambling and losing a fortune in a short time

But, I agree with you... I believe that the more money a person has, the bigger their bets are, and it doesn't matter whether the bettor is lucky or unlucky. The value in gambling is equivalent to spending on anything else: the more you have, the more you spend. I myself would like to have more money to spend each month on gambling, as the money usually runs out well before the month is over, but the desire to play is not there yet.

Some of these bets you see online about people betting millions might just be advertisements. Some might be real but others might just be for the promotion of the gambling company. No amount of wealth cannot be wasted due to irresponsible gambling. We have seen billionaires becoming poor due to gambling so just forgetting about past losses and keep gambling is the pathway to bankruptcy. It is important to always evaluate your gambling activities to see if you need to make adjustments.


Having more money shouldn't increase your gambling budget. There are so many things to do with money apart from gambling. The ability to control your gambling activities notwithstanding the amount of money one owns is the definition of a responsible gambler.


My income has increased recently due to an increase in the minimum wage of my country but I have not increased my gambling budget. This is because I am comfortable with my gambling allocation. Although your net worth has the potential to affect every area of your life it shouldn't determine how much you should budget for gambling.

It is the usual conjecture, if the bankroll gives you that chance, you do it, it is that simple, it is not about social or economic issues. Or! The ego.

I think that in sports betting you see more betting professionals making million-dollar bets than recreational millionaire gamblers.  A sports bet is complex for novice/fish/recreational millionaires to make

Unlike traditional games where you see more recreational millionaires, in the case of poker I have seen guys who are recreational millionaires lose 2, 3 million dollars in a poker section and these are documented cases, but we talk about businessmen who They have lost up to 25 million in a poker night "among friends."