Topic: Do you think if you have a lot of money its hard to satisfy your ego in gambling - page 5. (Read 1015 times)

Of course there is difference between a addict gambler and the person who just gambler from time to time and there is also a rich influential gambler and that rich gambler who just gamble secretly and doesn't want to be known on the media about how much he gambles, all depends on the choice of how we want to gamble.

It is really a poor or average gambler that is mindful of how much percentage of his income he has to gamble but rich people who on a daily have loads of millions to their account, they don't give a damn about how much they put into gambling, to them gambling is also a business and investment because they focus on how much to aim on the bet and the stake won't really matter to them. They use capital to chase more money.

I think the way we get money will influence our courage in risking money in sports betting or casino games. If you are a businessman who makes a lot of money, I'm pretty sure you won't bet or gamble because you're busy taking care of your business, I can say that people who gamble regardless of value not only because they have money but also because they have time to gamble, because gambling is not an activity that can be done in between busy schedules because you still need concentration, like when betting on sports betting you need time to do analysis, and It seems like I'm not someone who would bet thousands, hundreds of thousands or even millions of dollars even though I have the ability to do so, because I don't want to get too involved in gambling and just have this as an occasional activity.

                                                  those are truly Millionaire if  not billionaire , I have not seen actual bet of million but
I come to play with gambler that can bet 20,000 dollars per spin/roll in one game and that is insane already for me
what more those million dollars per bet?
                            or maybe is it not truly? that they happened to have tons of money and also wanted to Win big time?
because we seems to be putting something to them when the truth is not? that they are just enjoying specially ijn Online gambling?
I may follow if this is infront of beautiful girls or some friends that also a millionaire? but if online? what is the EGO for it when there
is no even one knows you bet those?
                            Maybe better to have a Millions first , because this are all speculative answers because we will
only comment depending in our capacity now , but when we are in their shoes? we can even bet more than what they did.

I do not gamble for ego and I have not figured out how gambling and ego can go together.  Are there people who just gamble to flaunt their wealth like some celebrities do? Well, when I get to the level of gambling what many target to win, I won't flaunt such wealth in social media because I treasure my privacy so much. It is actually very risky to flaunt wealth like that on social media.


This is similar to the thought that gambling should be for fun and not for money, many people actually have this opinion about gambling. They have good reasons, most of which are seek to bring calmness to people when they lose money. But is there really fun I loosing?

To be honest, money can change a person's behavior, including when playing gambling, where people often act silly by continuing to double the amount of their bets because they think that they are capable of doing this and they do this to make them look superior and tough in gambling in front of them. his friends just to satisfy his ego. However, if you play gambling with only your ego, what you will get is only a feeling of disappointment, not satisfaction in your heart. Therefore, it would be wiser if we gamble appropriately and just enjoy the game without being influenced by other people. And bet with money that you can afford to lose.

And we need to remember that when we gamble with only ego, the gambling activities we do will become very difficult to control and manage.

It seems like you have answered the question you asked yourself.

It all depends on each bettor income and wealth so its just about the amount they are prepared to lose according to what they have.

like the example :
a bettor A is worth $1m with a monthly income of around $80,000 as a responsible gambler he will only bet the amount he can afford to lose around $30k or $50k.

while bettor B who has an income of $100 per month will only bet according to his ability of $10 or $20.

well, from this conclusion it is quite clear that maybe as bettor B we say that bettor A is dissatisfied with fulfilling his ego needs, but that is a wrong mindset because it is not a lack of satisfaction in fulfilling his ego satisfaction, its just that bettor A has a bigger income spending money. that $50k not reduce his wealth but for bettor B its a really high amount even though its the same as bettor B spending $20.
its just about the amount of income as well as the ability or readiness to lose and this is just a misunderstanding.
maybe my opinion is the same as other users like @Don Pedro Dinero but to be clear, I am just explaining in detail.

If I had many millions of dollars, I would still avoid betting or gambling a million dollars on a single bet. That is too insane and too risky in my opinion. Would it be better if i could bet with 100$ per bet and participate in many bets, rather than going as a high roller? Gamblers are not in any sort of competition to the highest roller.

As far as the ego or the interest in gambling is concerned, it should not be related to how big is the size of my bet, rather I would be more focused on how many times I can bet and gamble. (as every time you gamble it gives you another level of feeling, fun and satisfaction.

Long story short, even if you have a lot of money, it is better to use it wisely rather than just throwing it away in a single bet. Also how many times can anyone place a million dollar bet? No one has unlimited money. So better think about what you are trying to do as money lost in a bet is lost forever no matter if it is 100$ or 1000$.

Because I think basically the pleasure that people have is different. They have pleasure in various things, the things they do can bring their own pleasure because maybe that's the only place they can get pleasure. Losing in gambling even in a large bet value is not a big problem for those who have endless money to fulfill their satisfaction.

Of course everyone's dream is to have a lot of money, but the way to spend it is different, like successful gamblers maybe they will continue to gamble with the aim of seeking pleasure regardless of the defeat they experience. Even though they lose they will continue to play because that's the only pleasure they feel. In contrast to people who have a better mindset, maybe they will invest it or save the money they have with the aim of having many assets so that they can produce in the future. For them, betting with a large value does not matter whether they will lose or win, but as you said, I also include people who like to think long if they bet with a large value. Because of the doubts that exist when gambling. So everyone has a different mindset.

It doesn't have something to do with the gambler's ego betting millions of dollars, they have the money and that's why they chose to bet with such high amount in similar way you will want to use $1000 to bet on your games and someone that's standing next to you may think you're spending much because to him that amount $1000 is too much above his pay cheque. 

Our financial position so have so much to do or do influence our betting amount and in sport betting the higher the amount used in wagering the lower the risk and as a result some gamblers don't probably like accumulating games to increase their potential winning instead they increase their wager to mitigate the risk.

Sometimes someone who has a lot of money and has millions of dollars or even billions of dollars or can be called a very rich person will use gambling to satisfy their ego and even spend a lot of money in betting and if the bet they choose is correct they will be very happy , but I think their goal is not to seek profit but rather to seek pleasure.

and if they experience defeat and lose large amounts of money it will not be meaningful for them because they still have enough money to continue to satisfy their ego until they feel satisfaction.

I always think how nice it would be to have a lot of money and not even worry about betting large amounts and we won't be afraid of running out of money that we use for gambling because people like me always think long and hard if want to bet large amounts

If I were in that position I would not forget everything. I know, I have been yet as the richest person, but when I think at a glance, I just won't waste the money easily like the person above. Maybe I don't think like him because for me, hard to earn money today. Actually, we can't ignore the economic situation for each person, Maybe he can earn a million dollar a day, and waste it by 1 bet. And in the next day, he got 1 million dollar again and bet the same team. Of course, we don't talk about gambling where we must earn the money, but a fun hobby which can make smile even lose or win.

The feeling of wanting to satisfy the ego in gambling does not only happen to people who have money. However, most people are already quite addicted, they will continue to gamble to satisfy their ego, whether they have money or not. the difference is that when they don't have money, they may only get into debt or commit criminal acts. Meanwhile, those who have money feel like they still have money and end up gambling again and again. So that they don't feel that their money is getting thinner and dwindling. So maybe it could turn around and end up having nothing and being in a lot of debt here and there. This often happens to people who are addicted to gambling but cannot control and manage themselves wisely. So they just want to satisfy their ego without wanting to control it.

I believe that a person can get pleasure in gambling beyond the amount they bet or can win.

above all, a gambler will not go to bet because he wants to get rich but because he likes the thrill of the game and has a passion on the activity.

Of course no all gamblers are doing for "earning Money" but just for pleasure of gambling.

Let us talk about this by percentage.  Just think how much percentage of our finance is allocated on gambling. I think if we have enough money to bet huge amount without affecting our financial capability, then I think we can bet huge amount of money.  Having 10 million of dollars, I think betting thousands of dollars will be easy for us.

I think the wagering amount we are able to bet adjusts or scales to our current financial status.  So when we are holding millions, we can easily let go of our money to bet thousands of dollars in one wagering.

If the gambler is greedy in his winning from the gambling site,So he don’t satisfy with the high dollars as the winnings.Because the most of the gambler will get greedy because of seeing the big wins from the gambling.This is bad habit by the gambler to become the greedy person in gambling win,actually the greedy in the game will make the gambler emotionally week.He will start to play the game after every win from the gambling sites.If you had millions of dollars,the first thing is the gambler won’t worry about the loss of the gambling money.So he won’t become the gambling addicted person because of the loss.

In reality, if I had millions money I would never participate in this gambling game. I must have used it for good like if I had millions money I would have started a business where I would have devoted enough time. If I put all my time into my business, I won't have any bad stress and if I don't have bad stress, I will never participate in gambling. Gamblers like us always participate in gambling for entertainment and it doesn't take a minute for us to stop gambling. Because we know that gambling causes serious damage to a person and if a person is addicted to gambling, he can never improve in his marital life.

Yes, not all rich people gamble. Those people who work hard for their money will not waste it just to lose it in gambling. Those rich who gamble aggressively are the ones who experienced a wealthy lifestyle the day they were born; they are the ones who sensibly waste money because they don't know how hard it is to earn it. If I am right, I will never gamble, even if it is just for entertainment or a hobby, especially since I know how hard it is to have money these days. High rollers are also the ones who have so much money that they don't know where they will put it and end up becoming gambling addicts, which can result in their downfall. Why do they bet a high amount? Yes, because of their ego, they want to win big or they want to flex their wealth; in that way, they will satisfy their own ego rich people tend to do that.

Rich people have a lot of investments, they hire fund management agencies that give them investment advice, so rich people spend a lot of money buying luxury things, when they buy a car, they always choose the most expensive models, when they buy a private plane , they also choose the most expensive models, when they buy a house they also choose the most expensive houses. When they go to restaurants, hotels and stores they always go to the most expensive places. So rich people spend a lot of money because they know that in a short time they will earn money to recover what they spent. for example let's say a very rich person takes 1 million dollars and plays in the casino until he loses all 1 million dollars

When he finishes playing, he leaves the house to go buy things, he goes to luxury places that have a lot of women and alcohol and he forgets those defeats. For the rich, life must be well lived, he can quickly make profits of more than 1 million dollars and with that he recovers all the money he lost in the casino. It's very different from the case of poor people, when rich people put a lot of money into a game, they have no expectations, they don't plan what they would do with the money they bet in case of victory. while a poor person has high expectations when they put in little money to win and end up with a lot of money. and when he loses he becomes sad and thinks about getting more money to bet and recover the money he lost and it is because of this thought that the poor person becomes addicted

These high rollers have different approach with their bets because they can afford to place big ones.
And they won't stop up until they have funds to supply their gambling activities and satisfy their desires.
Most of them don't care about losing those big amount of money, so no one should follow their footsteps if you can't afford such gambling lifestyle.
And some of them are popular personalities where they are bragging those high bets on their social media, so we also don't know the true story why they are publishing it on their social media. Who knows some of them are also being paid the casino itself?

The question is if you had millions of dollars, would you use those millions of dollars to gamble? of course not, you will definitely only use 1% of your money to gamble, what about those who bet with a minimum of millions of dollars, of course they have hundreds of dollars so they have a lot of money that they want to bet on gambling. Remember, rich people who bet with a nominal value of millions of dollars, do not have a small income every month, they definitely have a large income that can cover all the gambling activities they do and usually it is very difficult for rich people who gamble to turn into gambling addicts.