Topic: Rich or poor gambler, who should risk more? - page 13. (Read 9664 times)
It is wrong to think that risk can be taken only by those who have a lot of money, but even those who are poor can risk a substantial amount of money. If you look at the past profiles of people who are very wealthy financially or who are very big businessmen, you will find that they were not in this position at one time, maybe at one time they took risks for the business in which they are now successful.
Suppose a rich person has a net worth of $10 million but a poor person has a net worth of $1000. Now, if a poor person gambles with $100, on the other hand, if a rich person gambles with $10,000, but from a financial perspective, the poor person has risked more money than the rich person. In other words, the matter is such that every professional person can risk money.
It's very true what you say, at first I was embarrassed by my results, how could I share something like that? Experience is what makes us wiser, and obviously as we are looking for new horizons and new ways to make profits, we update ourselves, whether in strategies or new ways to bet to get more profits, that is what we are looking for.
But in itself, games of chance, sports betting are ways for us to show that we can try some luck and know how much or how much we should risk.
But in itself, games of chance, sports betting are ways for us to show that we can try some luck and know how much or how much we should risk.
When you get some results from gambling, believe me, you would definitely be embarrassed, and that is one of the reason people always lie about the results they gets From gambling and is not to be ashamed about it is natural for you to Lose money while gambling, Anyone That tells me that he or she have never lose money Gambling is a bloody liar, and as it is only few people learn from the experience, rest will gamble without learning Or even pay attention to the reason why they are losing this most of the small small things people don’t pay attention to anymore just because they want to make money.
It is good to Want to make money from Gambling Is just for you to know when to stop and went to continue, there is no new way to gamble. The only thing I see is to have self-control and have a good strategy. You have personally developed so that you will not be victim of losing money always, there are people that gamble every day, but still know the right thing to do that is exactly what they mean by professional gambler.
That gambler that was angry with his losses and threw all his bet slips on the ground gambled with an amount of money that he cannot afford to lose maybe because he feels he is well experienced in the game. It is gambling and experience only have little to impact on winning the game that is why when gambling always consider your luck first, so that you will not go beyond your limit when you are losing.
The gambler had multiple slips on a single game, and the game still returned void. That day, I understood that gambling is more profound than we perceive it. There were more than five slips in a match, and none was correct. Isn't it enough to make the player sad? I've thought about trying a similar thing, but I was discouraged after this gambler's incident.
I don't wants to takes a loan for playing gambling because I knows the risks behinds taking a loan. I may takes a loan if I have an urgent needs while I don't have money to covers that but I will not use it for playing gambling. That will be a stupid thing for me if I do that because I will gets in trouble and I also difficult to repay the money.
Your plan is so good that you will not take a loan for gambling. It is good that if you take a loan and lose that on gambling then it might be a great problem. Here in the bitcoin talk forum if you can't repay then you have to lose your account by getting negative trust as well as by getting flagged. I think no one should use any funds on gambling which can't be afforded if lose.taking a loan for gambling most of the times will be a stupid decision
you'll see some people that will succeed with that but many will fail and you'll never hear about them again
bottom line: don't do it, it's not worth the risk.
Thus, if it is related to this thread then based on what you discussed with borrowing money, the conclusion is that poor gamblers are at risk in gambling. Although basically, I believe everyone who gambles has risks whether they are poor or rich. But if it is based on borrowing money and not being able to pay it back,then I think it is quite clear that it is a poor gambler, because rich gamblers even though they borrow then of course they can pay back the borrowed money.
But regarding repaying loans, I think, poor people are also able to reverse loans because after all,when you are able to reverse a loan then that also proves that you are a responsible person. But yes, the point is that whatever it is, of course there are risks and it comes back to yourself, whether you are able to handle it or not because if not, then it's better not to do it at all.
that's true
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though
It's very true what you say, at first I was embarrassed by my results, how could I share something like that? Experience is what makes us wiser, and obviously as we are looking for new horizons and new ways to make profits, we update ourselves, whether in strategies or new ways to bet to get more profits, that is what we are looking for.
But in itself, games of chance, sports betting are ways for us to show that we can try some luck and know how much or how much we should risk.
I've seen in a betting shop where a player angrily threw away all his slips on the floor; he lost that day. It's annoying but nothing to be ashamed of; the results don't require any skill. So, why should a player feel ashamed for losing a bet? The experience, as you said, LUCKMCFLY, usually gets challenging when we are in the game. Especially in games like slots, which consume brain power, a player can forget all his experience. In this context, an experienced player can feel ashamed for letting himself exceed his limit.
If a gambler put luck first when he wants to gbke it will limit his losses because he will be able to gamble with an amount of money that he can afford to lose and will not chase his losses. However, if a gambler have confidence on himself and thinks it is by his doings to win his bet, you will be disappointed with huge loss and frustration which can be expressed in public.
that's true
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though
It's very true what you say, at first I was embarrassed by my results, how could I share something like that? Experience is what makes us wiser, and obviously as we are looking for new horizons and new ways to make profits, we update ourselves, whether in strategies or new ways to bet to get more profits, that is what we are looking for.
But in itself, games of chance, sports betting are ways for us to show that we can try some luck and know how much or how much we should risk.
I've seen in a betting shop where a player angrily threw away all his slips on the floor; he lost that day. It's annoying but nothing to be ashamed of; the results don't require any skill. So, why should a player feel ashamed for losing a bet? The experience, as you said, LUCKMCFLY, usually gets challenging when we are in the game. Especially in games like slots, which consume brain power, a player can forget all his experience. In this context, an experienced player can feel ashamed for letting himself exceed his limit.
The poor shouldn't gamble in the first place, they should accumulate as much as possible to build their wealth. If they're keep gamble, that's the reason why they're still poor. Remember, gamble using free bet or faucet isn't gambling since you're risking for nothing.
So it's the rich that should risk more, they have larger money, means they can gamble mores.
So it's the rich that should risk more, they have larger money, means they can gamble mores.
Even the poor has the capability of gambling with a certain amount of money, as we know, gambling has unexpected outcomes.... it's very important for everyone to have limits thy don't exceed in gambling no matter what this includes both the rich and the poor, saying that the poor shouldn't gamble isn't an agreeable fact...They see lots of poor people in Nigeria that have won millions with less than a dollar, that was only possible because they decided to gamble, waiting till you accumulate wealth is wise but that doesn't mean you'll be I'm constant luck, in most cases a lot of rich people tend to get carried away by their wealth and gamble wrecklessly till it affects them financially
Discipline and self-control are keys to success, and I agree that a poor man should worry more about his physical well-being first, only then he should go out of his way for some entertainment and things like that, hobbies on which he could spend some money and have fun.
this! and knowing some basic math to do a good bankroll management
but tbh here it is probably better to gamble on things that have an asymetric risk reward (with more potential reward of course) and these are not found in casinos
at least not often.
We know most of the time that the poor mainly gamble to change the financial position and they take such risks. But most of the time they don't win in gambling but the number of losses is high, and when the poor lose, it takes a lot of time and effort to re-invest their money later. But when a rich person deposits money into his account for gambling, if he loses, he will not suffer any major loss but will be able to re-deposit the money later. Rich people always gamble for fun because when they lose money they don't really get upset but they just start gambling again and again. But it is not possible for a poor person to do that rather they lose their money and then it takes a long time to accumulate the money and they are very broke. And collecting money is very challenging for the poor but not at all challenging for the rich because the rich can collect their money very easily. That's why I think that although the poor are mostly not ready to take risks, the rich are always ready to take big risks and they can often win big bets by gambling.
anyone is not advised to take greater risks unless they are ready to lose or lose some money. besides that we should indeed be able to gamble with the money allocated for gambling that has been willing to be lost, because the rich or the poor are the same, they have a greater chance of losing or losing than the chance of winning so there is no difference in that case, maybe those who take greater risks can be seen from their thinking because with those who are rich or poor can have the same thinking in terms of gambling.with what you said that rich people are more ready to take greater risks I think it's because they have quite a lot of money, so even though they lose the money they bet they still have enough spare money to survive. because when poor people gamble they tend to really hope that the gambling they do can result in a big win because most likely their goal in gambling is entirely to get a big win or profit.
We know most of the time that the poor mainly gamble to change the financial position and they take such risks. But most of the time they don't win in gambling but the number of losses is high, and when the poor lose, it takes a lot of time and effort to re-invest their money later. But when a rich person deposits money into his account for gambling, if he loses, he will not suffer any major loss but will be able to re-deposit the money later. Rich people always gamble for fun because when they lose money they don't really get upset but they just start gambling again and again. But it is not possible for a poor person to do that rather they lose their money and then it takes a long time to accumulate the money and they are very broke. And collecting money is very challenging for the poor but not at all challenging for the rich because the rich can collect their money very easily. That's why I think that although the poor are mostly not ready to take risks, the rich are always ready to take big risks and they can often win big bets by gambling.
That's not always the case, rich people can easily start gambling more and more money, specially if it is not theirs.
We have seem many cases of people involved in Crypto companies that start gambling with their clients money, and end up losing millions of dollars.
So, at the end of the day the rich has more buffer, but they can easily spend it all as well as the poor.
The poor shouldn't gamble in the first place, they should accumulate as much as possible to build their wealth. If they're keep gamble, that's the reason why they're still poor. Remember, gamble using free bet or faucet isn't gambling since you're risking for nothing.
So it's the rich that should risk more, they have larger money, means they can gamble mores.
So it's the rich that should risk more, they have larger money, means they can gamble mores.
Even the poor has the capability of gambling with a certain amount of money, as we know, gambling has unexpected outcomes.... it's very important for everyone to have limits thy don't exceed in gambling no matter what this includes both the rich and the poor, saying that the poor shouldn't gamble isn't an agreeable fact...They see lots of poor people in Nigeria that have won millions with less than a dollar, that was only possible because they decided to gamble, waiting till you accumulate wealth is wise but that doesn't mean you'll be I'm constant luck, in most cases a lot of rich people tend to get carried away by their wealth and gamble wrecklessly till it affects them financially
Discipline and self-control are keys to success, and I agree that a poor man should worry more about his physical well-being first, only then he should go out of his way for some entertainment and things like that, hobbies on which he could spend some money and have fun.
We know most of the time that the poor mainly gamble to change the financial position and they take such risks. But most of the time they don't win in gambling but the number of losses is high, and when the poor lose, it takes a lot of time and effort to re-invest their money later. But when a rich person deposits money into his account for gambling, if he loses, he will not suffer any major loss but will be able to re-deposit the money later. Rich people always gamble for fun because when they lose money they don't really get upset but they just start gambling again and again. But it is not possible for a poor person to do that rather they lose their money and then it takes a long time to accumulate the money and they are very broke. And collecting money is very challenging for the poor but not at all challenging for the rich because the rich can collect their money very easily. That's why I think that although the poor are mostly not ready to take risks, the rich are always ready to take big risks and they can often win big bets by gambling.
The poor shouldn't gamble in the first place, they should accumulate as much as possible to build their wealth. If they're keep gamble, that's the reason why they're still poor. Remember, gamble using free bet or faucet isn't gambling since you're risking for nothing.
So it's the rich that should risk more, they have larger money, means they can gamble mores.
So it's the rich that should risk more, they have larger money, means they can gamble mores.
Even the poor has the capability of gambling with a certain amount of money, as we know, gambling has unexpected outcomes.... it's very important for everyone to have limits thy don't exceed in gambling no matter what this includes both the rich and the poor, saying that the poor shouldn't gamble isn't an agreeable fact...They see lots of poor people in Nigeria that have won millions with less than a dollar, that was only possible because they decided to gamble, waiting till you accumulate wealth is wise but that doesn't mean you'll be I'm constant luck, in most cases a lot of rich people tend to get carried away by their wealth and gamble wrecklessly till it affects them financially
I don't wants to takes a loan for playing gambling because I knows the risks behinds taking a loan. I may takes a loan if I have an urgent needs while I don't have money to covers that but I will not use it for playing gambling. That will be a stupid thing for me if I do that because I will gets in trouble and I also difficult to repay the money.
Your plan is so good that you will not take a loan for gambling. It is good that if you take a loan and lose that on gambling then it might be a great problem. Here in the bitcoin talk forum if you can't repay then you have to lose your account by getting negative trust as well as by getting flagged. I think no one should use any funds on gambling which can't be afforded if lose.taking a loan for gambling most of the times will be a stupid decision
you'll see some people that will succeed with that but many will fail and you'll never hear about them again
bottom line: don't do it, it's not worth the risk.
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Your plan is so good that you will not take a loan for gambling. It is good that if you take a loan and lose that on gambling then it might be a great problem. Here in the bitcoin talk forum if you can't repay then you have to lose your account by getting negative trust as well as by getting flagged. I think no one should use any funds on gambling which can't be afforded if lose.
If I have to take a loan, that is because I have some important thing that I must fills that I can't do with my money. I have an experienced taking a loan from my brother in the past but that is because I don't have any money to buy some food for my family. And after I have my payment, I repay that money to my brother. I realizes that if I take a loan just to playing gambling, that can makes me in trouble because playing gambling can cause me lose that money and I will difficult to repay the money.That's why I don't have to take a loan to playing gambling. I consider that playing gambling is just for fun and not have to use the loan money. That is just to prevents me from the trouble that I don't wants to see. Those who wants to take a loan for gambling must thinks twice for the effect to them and it is better not to take the risks that we thinks we can't take it.
I don't wants to takes a loan for playing gambling because I knows the risks behinds taking a loan. I may takes a loan if I have an urgent needs while I don't have money to covers that but I will not use it for playing gambling. That will be a stupid thing for me if I do that because I will gets in trouble and I also difficult to repay the money.
Your plan is so good that you will not take a loan for gambling. It is good that if you take a loan and lose that on gambling then it might be a great problem. Here in the bitcoin talk forum if you can't repay then you have to lose your account by getting negative trust as well as by getting flagged. I think no one should use any funds on gambling which can't be afforded if lose. 
If you calculate the betting percentage I think it will be worth it. If poor people risk 10% of their money so they can enjoy gambling then so do rich people. But what I think is that there is still a psychological difference between rich people who gamble and poor people who gamble. I mean a poor person would only be willing to bet 10 or 100 dollars and that would probably already cost him a few percent of his salary. But a rich person, with a million dollar fortune can still bet a few thousand dollars and still enjoy it.
I think wealth value can also have an influence. This is the same as someone trading crypto. When someone who invests 100 thousand dollars gets a 10% profit, he can buy some of the latest iPhones. But if a poor person makes a 10% profit from 100 or 1000 dollars, he will only get enough money to buy a cheap smartphone. I think what you can get will make an impact. Just like gambling. How much you get can also have an influence on your emotions.
But I think this will be very relative. I agree with you that both rich and poor gamblers will basically spend their money on gambling. Rich people may spend more but in fact if rich and poor gamblers have the same mentality, they actually spend the same amount of their wealth. That is my personal opinion. Correct me if I'm wrong.
You have to take into account the fact that a person who earns more money has greater needs, which means he spends more money - at the store, on utilities, on car maintenance, etc. I am sure that if a poor gambler puts $100 on the line it will be very risky for him. A millionaire putting the same $100 on the line will not experience any emotions, because for him it will not be risky.
In my opinion, the risks will be commensurate if both gamblers will put on the line the same percentage of all savings. Otherwise, there is simply no point in considering these cases.
I think from this we can draw the conclusion that the difference between these two people is only in terms of financial situation, but if they both put the entire amount of money or 100% of all the total money they have then of course the risks and worries will definitely be the same, meaning whoever it is should not bet an amount that exceeds their limits regardless of whether they are rich or poor.
that's true
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though
It's very true what you say, at first I was embarrassed by my results, how could I share something like that? Experience is what makes us wiser, and obviously as we are looking for new horizons and new ways to make profits, we update ourselves, whether in strategies or new ways to bet to get more profits, that is what we are looking for.
But in itself, games of chance, sports betting are ways for us to show that we can try some luck and know how much or how much we should risk.
If you calculate the betting percentage I think it will be worth it. If poor people risk 10% of their money so they can enjoy gambling then so do rich people. But what I think is that there is still a psychological difference between rich people who gamble and poor people who gamble. I mean a poor person would only be willing to bet 10 or 100 dollars and that would probably already cost him a few percent of his salary. But a rich person, with a million dollar fortune can still bet a few thousand dollars and still enjoy it.
I think wealth value can also have an influence. This is the same as someone trading crypto. When someone who invests 100 thousand dollars gets a 10% profit, he can buy some of the latest iPhones. But if a poor person makes a 10% profit from 100 or 1000 dollars, he will only get enough money to buy a cheap smartphone. I think what you can get will make an impact. Just like gambling. How much you get can also have an influence on your emotions.
But I think this will be very relative. I agree with you that both rich and poor gamblers will basically spend their money on gambling. Rich people may spend more but in fact if rich and poor gamblers have the same mentality, they actually spend the same amount of their wealth. That is my personal opinion. Correct me if I'm wrong.
You have to take into account the fact that a person who earns more money has greater needs, which means he spends more money - at the store, on utilities, on car maintenance, etc. I am sure that if a poor gambler puts $100 on the line it will be very risky for him. A millionaire putting the same $100 on the line will not experience any emotions, because for him it will not be risky.
In my opinion, the risks will be commensurate if both gamblers will put on the line the same percentage of all savings. Otherwise, there is simply no point in considering these cases.
I think from this we can draw the conclusion that the difference between these two people is only in terms of financial situation, but if they both put the entire amount of money or 100% of all the total money they have then of course the risks and worries will definitely be the same, meaning whoever it is should not bet an amount that exceeds their limits regardless of whether they are rich or poor.
^
As I have repeatedly said if a person has a lot of money, then for him to enjoy gambling he needs to make higher stakes compared to the poor gambler otherwise he will lack emotion. It follows that the risks of rich and poor gamblers are roughly commensurate. The final risks depend on the actions of each individual gambler and his strategy, not their bankroll. That is why I believe that there is no point in this argument.
If you calculate the betting percentage I think it will be worth it. If poor people risk 10% of their money so they can enjoy gambling then so do rich people. But what I think is that there is still a psychological difference between rich people who gamble and poor people who gamble. I mean a poor person would only be willing to bet 10 or 100 dollars and that would probably already cost him a few percent of his salary. But a rich person, with a million dollar fortune can still bet a few thousand dollars and still enjoy it.
I think wealth value can also have an influence. This is the same as someone trading crypto. When someone who invests 100 thousand dollars gets a 10% profit, he can buy some of the latest iPhones. But if a poor person makes a 10% profit from 100 or 1000 dollars, he will only get enough money to buy a cheap smartphone. I think what you can get will make an impact. Just like gambling. How much you get can also have an influence on your emotions.
But I think this will be very relative. I agree with you that both rich and poor gamblers will basically spend their money on gambling. Rich people may spend more but in fact if rich and poor gamblers have the same mentality, they actually spend the same amount of their wealth. That is my personal opinion. Correct me if I'm wrong.
You have to take into account the fact that a person who earns more money has greater needs, which means he spends more money - at the store, on utilities, on car maintenance, etc. I am sure that if a poor gambler puts $100 on the line it will be very risky for him. A millionaire putting the same $100 on the line will not experience any emotions, because for him it will not be risky.
In my opinion, the risks will be commensurate if both gamblers will put on the line the same percentage of all savings. Otherwise, there is simply no point in considering these cases.
True, and in my opinion, it is indeed rich people who dare to take big risks from the consequences of gambling because they are supported by having a lot of money so that they are easy to do all actions without thinking long first, the most important thing is that they can play gambling and there are also those who are entertained by losing later.
The factor of having a lot of money is very supportive in carrying out gambling activities and the real point is that if such thoughts and behaviors are continued for a long time, then they will feel bored and maybe they often lose their money is getting thinner, so what they will get is still regret.
Poor people will also take risk because the same way money is important for the poor it is also important for the rich, and the challenge now is both will lose money when you don't win no one is left out if you don't win you wont get a refund, the difference is just that the rich wont struggle even if they gamble, unlike the poor that is always overwhelmed by bills and financial challenges and if it is about gambling decision poor people are worst because they are more reckless because they don't have any financial discipline. and the rich can easily quite and they will have money to invest the poor will give more attention to gambling to see if they will get lucky. and the thing is that i feel risk is even personal because their are people with money that are scared of losing money, but having the knowledge on finance then it will be very easy to manage money. The factor of having a lot of money is very supportive in carrying out gambling activities and the real point is that if such thoughts and behaviors are continued for a long time, then they will feel bored and maybe they often lose their money is getting thinner, so what they will get is still regret.
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