If you were rich, would you still gamble? - page 18.

Positid

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Quote from: shadobitz on November 07, 2016, 02:17:55 AM

Quote from: 8Habits on November 07, 2016, 01:07:32 AM

Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

The answer to that mate is that they are entertained when they gamble - basic. Because this is the reason why casinos are being built in the first place. Rich people are entertained when they gamble using money that they can easily get back in their business and the like. That is the reason why they gamble and don't care owning casinos.

But owning a casino is good decision instead of losing money there, I personally would like to run a casino if I were rich there than it will be nice to entertain himself with this way, but entertainment is only purpose behind gambling and that is main reason.

Rich does not call it as they are losing their money in gambling, if you are rich that would mean you have a business already and not all rich has the interest of running a casino, they have more legitimate business which they are using their skills.

Rich gamble for fun and not for profit.

katrimans

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Quote from: 8Habits on November 06, 2016, 11:04:08 PM

In short, we will likely have more playing times when you are rich because you have plenty of excess money to mess around in order to be entertain and just having fun versus people that have limited resources in terms of finances. This only means that gambling, as a general rule, must only be perform for entertainment only and not for profit if you don't know what you are doing.

While I agree that gambling is a good form of entertainment and fun but you should never gamble even if you are rich or poor because it brings addiction. While you are rich too rich to forget such losses in addiction but a time will come when you will be rising too much because gambling gives you a addiction that enables chasing losses.

8Habits

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Quote from: shadobitz on November 07, 2016, 02:17:55 AM

Quote from: 8Habits on November 07, 2016, 01:07:32 AM

Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

The answer to that mate is that they are entertained when they gamble - basic. Because this is the reason why casinos are being built in the first place. Rich people are entertained when they gamble using money that they can easily get back in their business and the like. That is the reason why they gamble and don't care owning casinos.

But owning a casino is good decision instead of losing money there, I personally would like to run a casino if I were rich there than it will be nice to entertain himself with this way, but entertainment is only purpose behind gambling and that is main reason.

If you are rich and you do business out of passion and leverage that business, I don't think so it is ideal to have your own casino business if all you want out of gambling is just for fun and entertainment. Unless you are really up to having your own casino and that is perfectly fine. But if your goal is to be entertained in few games, then you don't have to have your own casino.

shadobitz

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Quote from: 8Habits on November 07, 2016, 01:07:32 AM

Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

The answer to that mate is that they are entertained when they gamble - basic. Because this is the reason why casinos are being built in the first place. Rich people are entertained when they gamble using money that they can easily get back in their business and the like. That is the reason why they gamble and don't care owning casinos.

But owning a casino is good decision instead of losing money there, I personally would like to run a casino if I were rich there than it will be nice to entertain himself with this way, but entertainment is only purpose behind gambling and that is main reason.

EdenHazard

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Quote from: 8Habits on November 07, 2016, 01:07:32 AM

Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

The answer to that mate is that they are entertained when they gamble - basic. Because this is the reason why casinos are being built in the first place. Rich people are entertained when they gamble using money that they can easily get back in their business and the like. That is the reason why they gamble and don't care owning casinos.

true , the only thing can make rich people did not gamble anymore are when they feel they are too old.

rich people really gamble for entertainment not for money , that what makes poor and rich people different in treating gamble. rich people always stay on the limit , poor people keep chasing so i believe you will remain gamble if you were rich .

8Habits

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Quote from: mirakal on November 07, 2016, 01:40:55 AM

Quote from: 8Habits on November 07, 2016, 01:07:32 AM

Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

The answer to that mate is that they are entertained when they gamble - basic. Because this is the reason why casinos are being built in the first place. Rich people are entertained when they gamble using money that they can easily get back in their business and the like. That is the reason why they gamble and don't care owning casinos.

The main reason why casino is here is because they want to make profit and they will just give us the entertainment that we are looking. Therefore, we should understand that gambling is only good for entertainment if you want to get the real value of your money, betting for money is hard because our chances is low.

I could not agree more to that mate. That is what supposed gamblers always bear in mind that we gamble because for entertainment and fun alone. When we lose big, more than we could have been, let us not blame casinos for being rigged because they are really designed to win because of the house edge. That is the fact that we need to accept.

goldcoinminer

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Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

Rich can certainly do whatever they want because they have a lot of money to spend, when they see gambling as an entertainment it would not be a big issue for them losing an amount of money as they are not after primarily of the winning but more on the entertainment you can get.

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Quote from: 8Habits on November 07, 2016, 01:07:32 AM

Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

The answer to that mate is that they are entertained when they gamble - basic. Because this is the reason why casinos are being built in the first place. Rich people are entertained when they gamble using money that they can easily get back in their business and the like. That is the reason why they gamble and don't care owning casinos.

The main reason why casino is here is because they want to make profit and they will just give us the entertainment that we are looking. Therefore, we should understand that gambling is only good for entertainment if you want to get the real value of your money, betting for money is hard because our chances is low.

8Habits

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Quote from: Invulner on November 07, 2016, 12:43:14 AM

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

The answer to that mate is that they are entertained when they gamble - basic. Because this is the reason why casinos are being built in the first place. Rich people are entertained when they gamble using money that they can easily get back in their business and the like. That is the reason why they gamble and don't care owning casinos.

Yuuto

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Definitely not! If I'm rich, I'd be thinking, OK, is this really something that I would want to do? Would I really risk all my property just to have some fun for the moment? I don't think it is worth it.

If I'm poor and I gamble, I can only lose that much. If I'm rich and I gamble, the possibilities are endless.

Invulner

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Invulner

Seriously, what would be the point if you are rich and you gamble. You can own a casino when you're rich. You don't need to gamble anymore and take a risk which carries a negative expected value. You would take a risk that has a positive expected value, which is why casino owners are somewhat richer than gamblers.

8Habits

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Quote from: roadbits on November 07, 2016, 12:01:06 AM

Quote from: 8Habits on November 06, 2016, 11:44:12 PM

Quote from: passwordnow on November 06, 2016, 11:28:17 PM

Quote from: Ziskinberg on November 06, 2016, 08:27:27 PM

Quote from: SparkedDev on November 06, 2016, 11:53:10 AM

That and people saying 0.01 is a big bet when at the real tables it really not at a real casino.

Well, if you think that amount is considered as big bet, I think you are not rich. That is just a small amount for the rich as they more like x100 of that amount even in a single bet and guess what, they can easily let go of the emotion if they lose with a big amount as we think.

Gambling is good as entertainment if you are rich, that's for sure.

Yes it is a good entertainment if you are able to keep on gambling and you have a lot of fund for it. But if you are a poor person and it seems that you are an addicted gambler then that is not going to be the best way to keep on gambling. But I think, when a person becomes richer his mindset is changing and it is more focusing into business and not gambling anymore.

That is true - if you became rich because of hard work, you will not gamble your hard earned money to casinos. People that are crazy only does that. However, rich people do gamble sometimes just for fun and not really about profit - they play only money that they can afford to lose and have limitation as to when to stop when they reached that limit.

The rich people will start gambling just for fun. But they will addict this gambling very quickly. Yes if they lose money means they can afford so many rich people will play gambling to make a big profit. But they will do calculated game. They won't play the blind game. If I am rich, i will play to double my investment.

Doubling your investment is as easy as playing on a 50% chance and winning that bet. However, it would be very hard if that bet will lose because you also lose your investment - unless you have many sessions and each session have like 1 btc each session and you have 10 sessions. In the first attempt, you lose and on second attempt you win, etc..

Japinat

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Quote from: passwordnow on November 06, 2016, 11:28:17 PM

Quote from: Ziskinberg on November 06, 2016, 08:27:27 PM

Quote from: SparkedDev on November 06, 2016, 11:53:10 AM

That and people saying 0.01 is a big bet when at the real tables it really not at a real casino.

Well, if you think that amount is considered as big bet, I think you are not rich. That is just a small amount for the rich as they more like x100 of that amount even in a single bet and guess what, they can easily let go of the emotion if they lose with a big amount as we think.

Gambling is good as entertainment if you are rich, that's for sure.

Yes it is a good entertainment if you are able to keep on gambling and you have a lot of fund for it. But if you are a poor person and it seems that you are an addicted gambler then that is not going to be the best way to keep on gambling. But I think, when a person becomes richer his mindset is changing and it is more focusing into business and not gambling anymore.

Poor person does not gamble, they work for food.. If they gamble then they will die as most likely they will lose due to the fact that they decide with their emotion as they are desperate of making money which I believe not good when you are in gambling.

roadbits

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Quote from: 8Habits on November 06, 2016, 11:44:12 PM

Quote from: passwordnow on November 06, 2016, 11:28:17 PM

Quote from: Ziskinberg on November 06, 2016, 08:27:27 PM

Quote from: SparkedDev on November 06, 2016, 11:53:10 AM

That and people saying 0.01 is a big bet when at the real tables it really not at a real casino.

Well, if you think that amount is considered as big bet, I think you are not rich. That is just a small amount for the rich as they more like x100 of that amount even in a single bet and guess what, they can easily let go of the emotion if they lose with a big amount as we think.

Gambling is good as entertainment if you are rich, that's for sure.

Yes it is a good entertainment if you are able to keep on gambling and you have a lot of fund for it. But if you are a poor person and it seems that you are an addicted gambler then that is not going to be the best way to keep on gambling. But I think, when a person becomes richer his mindset is changing and it is more focusing into business and not gambling anymore.

That is true - if you became rich because of hard work, you will not gamble your hard earned money to casinos. People that are crazy only does that. However, rich people do gamble sometimes just for fun and not really about profit - they play only money that they can afford to lose and have limitation as to when to stop when they reached that limit.

The rich people will start gambling just for fun. But they will addict this gambling very quickly. Yes if they lose money means they can afford so many rich people will play gambling to make a big profit. But they will do calculated game. They won't play the blind game. If I am rich, i will play to double my investment.

Caladonian

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Quote from: 8Habits on November 06, 2016, 11:44:12 PM

Quote from: passwordnow on November 06, 2016, 11:28:17 PM

Quote from: Ziskinberg on November 06, 2016, 08:27:27 PM

Quote from: SparkedDev on November 06, 2016, 11:53:10 AM

That and people saying 0.01 is a big bet when at the real tables it really not at a real casino.

Well, if you think that amount is considered as big bet, I think you are not rich. That is just a small amount for the rich as they more like x100 of that amount even in a single bet and guess what, they can easily let go of the emotion if they lose with a big amount as we think.

Gambling is good as entertainment if you are rich, that's for sure.

Yes it is a good entertainment if you are able to keep on gambling and you have a lot of fund for it. But if you are a poor person and it seems that you are an addicted gambler then that is not going to be the best way to keep on gambling. But I think, when a person becomes richer his mindset is changing and it is more focusing into business and not gambling anymore.

That is true - if you became rich because of hard work, you will not gamble your hard earned money to casinos. People that are crazy only does that. However, rich people do gamble sometimes just for fun and not really about profit - they play only money that they can afford to lose and have limitation as to when to stop when they reached that limit.

well if its inside your blood even you are rich cause of your hard work gamble will still inside your mind but there's already limitation and professionalism inside you since you are valuing your money you will be more pro and will not allow yourself be beaten huge by the house or much possible that you will still aiming for some sort of winnings even little while having some great time.

8Habits

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Quote from: passwordnow on November 06, 2016, 11:28:17 PM

Quote from: Ziskinberg on November 06, 2016, 08:27:27 PM

Quote from: SparkedDev on November 06, 2016, 11:53:10 AM

That and people saying 0.01 is a big bet when at the real tables it really not at a real casino.

Well, if you think that amount is considered as big bet, I think you are not rich. That is just a small amount for the rich as they more like x100 of that amount even in a single bet and guess what, they can easily let go of the emotion if they lose with a big amount as we think.

Gambling is good as entertainment if you are rich, that's for sure.

Yes it is a good entertainment if you are able to keep on gambling and you have a lot of fund for it. But if you are a poor person and it seems that you are an addicted gambler then that is not going to be the best way to keep on gambling. But I think, when a person becomes richer his mindset is changing and it is more focusing into business and not gambling anymore.

That is true - if you became rich because of hard work, you will not gamble your hard earned money to casinos. People that are crazy only does that. However, rich people do gamble sometimes just for fun and not really about profit - they play only money that they can afford to lose and have limitation as to when to stop when they reached that limit.

passwordnow

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Quote from: Ziskinberg on November 06, 2016, 08:27:27 PM

Quote from: SparkedDev on November 06, 2016, 11:53:10 AM

That and people saying 0.01 is a big bet when at the real tables it really not at a real casino.

Well, if you think that amount is considered as big bet, I think you are not rich. That is just a small amount for the rich as they more like x100 of that amount even in a single bet and guess what, they can easily let go of the emotion if they lose with a big amount as we think.

Gambling is good as entertainment if you are rich, that's for sure.

Yes it is a good entertainment if you are able to keep on gambling and you have a lot of fund for it. But if you are a poor person and it seems that you are an addicted gambler then that is not going to be the best way to keep on gambling. But I think, when a person becomes richer his mindset is changing and it is more focusing into business and not gambling anymore.

8Habits

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Quote from: stadus on November 06, 2016, 10:36:42 PM

Quote from: eann014 on November 06, 2016, 08:57:45 PM

Quote from: Caladonian on November 04, 2016, 10:47:24 PM

Quote from: bitcoinboy12 on November 04, 2016, 10:21:40 AM

Quote from: HammaSan on March 22, 2016, 04:09:35 PM

Quote from: thejaytiesto on March 22, 2016, 11:37:19 AM

A lot of people here gamble to become rich, but some do it for fun.

The question is, if you wake up tomorrow with 50 million dollars, would you still gamble for fun, or would you forget about gambling and do other stuff? Personally I think I would still gamble. I do it now, and I know I realistically will never get rich off gambling, because I barely do it and I don't risk much money, just for fun sometimes, to test my luck.
So if I had a lot of money, I would do bigger gambles, but they would still enter in the "for fun" amount (for the new 50 million standard). For example, gambling 1K a month would be irrelevant, and winning with a 1K bet can give you big rewards if you are lucky. It would still be fun, in fact more fun, and it would be as non risky as it is now, in terms of going financially bankrupt.

I liked your answer. I also do the same

Wow if i woke up with 50M dollars.. I would not gamble it. I would just simply go on a long vacation and educate myself how to grow it and multiply it.
If I have that amount - i will go to Law School... and invest in myself some more.

good thinking mate finding more ways to grow your money would be much more fun and it will somehow move you away from gambling especially if you find that way from your interest it will focus your mind in what you love and make you more successful.

I agree with this because once you've already find the way to increase your financial without gambling it will very good thing to do than to play gambling at all because in gambling we don't have any assurance if we can really earn here in a very short time.

In my case if I have a lot of money and the love of gambling is still with me then I would surely not hesitate to gamble. You would appreciate gambling when you are rich because you are not afraid of losing as the money you spend is just a small amount for you, you will not be like the others who are desperate in making money in gambling.

In short, we will likely have more playing times when you are rich because you have plenty of excess money to mess around in order to be entertain and just having fun versus people that have limited resources in terms of finances. This only means that gambling, as a general rule, must only be perform for entertainment only and not for profit if you don't know what you are doing.

stadus

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Quote from: eann014 on November 06, 2016, 08:57:45 PM

Quote from: Caladonian on November 04, 2016, 10:47:24 PM

Quote from: bitcoinboy12 on November 04, 2016, 10:21:40 AM

Quote from: HammaSan on March 22, 2016, 04:09:35 PM

Quote from: thejaytiesto on March 22, 2016, 11:37:19 AM

A lot of people here gamble to become rich, but some do it for fun.

The question is, if you wake up tomorrow with 50 million dollars, would you still gamble for fun, or would you forget about gambling and do other stuff? Personally I think I would still gamble. I do it now, and I know I realistically will never get rich off gambling, because I barely do it and I don't risk much money, just for fun sometimes, to test my luck.
So if I had a lot of money, I would do bigger gambles, but they would still enter in the "for fun" amount (for the new 50 million standard). For example, gambling 1K a month would be irrelevant, and winning with a 1K bet can give you big rewards if you are lucky. It would still be fun, in fact more fun, and it would be as non risky as it is now, in terms of going financially bankrupt.

I liked your answer. I also do the same

Wow if i woke up with 50M dollars.. I would not gamble it. I would just simply go on a long vacation and educate myself how to grow it and multiply it.
If I have that amount - i will go to Law School... and invest in myself some more.

good thinking mate finding more ways to grow your money would be much more fun and it will somehow move you away from gambling especially if you find that way from your interest it will focus your mind in what you love and make you more successful.

I agree with this because once you've already find the way to increase your financial without gambling it will very good thing to do than to play gambling at all because in gambling we don't have any assurance if we can really earn here in a very short time.

In my case if I have a lot of money and the love of gambling is still with me then I would surely not hesitate to gamble. You would appreciate gambling when you are rich because you are not afraid of losing as the money you spend is just a small amount for you, you will not be like the others who are desperate in making money in gambling.

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Quote from: hawkins on November 06, 2016, 08:46:17 AM

Well, being rich will make you become more of a waste of time. Well, you no longer need to seek the money because the money that you have already a lot,

False , even you're rich it doesn't mean to becoming a lazy person and being lazy because you've money and can buy anything you want . You must believe sometime your money isn't forever with you and you would be ran out of money soon without any work and investment to backed up your finance and become poor in a second .

Rather than gambling , if I were rich I'll make an Investment in some source (gold) as I've been said earlier you must have source to backed up your finance in case you urgently need the money . But sometimes I'll gambling , for refresh my head but only small amount I'll bet.

Topic: If you were rich, would you still gamble? - page 18. (Read 103576 times)