Topic: Rich or poor gambler, who should risk more? - page 14. (Read 9659 times)

Speaking of risk, in my opinion, it is relative to the percentage of money spent from the ownership of money, not to the size of the money spent on gambling.
If the poor person only has or earns $200 per month and the rich person can earn $10,000 then when the poor person spends $100 on gambling, and the rich person with that income uses $1000 to gamble then according to my calculator the person who takes the biggest possible risk is the poor person.

I agree with what you said, and after all why take a big risk, when we can minimize the risk, this thread seems to pressure someone to spend more money.

This whole concept that, when you bet, money doesnt really matter? That is disinformation. Its a mindset of a loser. Whether they are betting on real estate, equities, or horses, winners are adept at handling their money. Like any other leisure activity, like a night out in Vegas, gambling is You wouldnt spend the college money of your children on a steak meal, right? Why therefore should one do it at the roulette table? Tell your limitations, people. Bet not what you cannot afford to lose. Im not say stop gambling. The excitement of a decent gamble is great. Still, I am smart about it. I am in control. And I always prevail at last. You see, its not about the daily win or loss value. Its concerning the long run.

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.

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.

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.

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

Or maybe it’s easier for the rich to take risks in gambling?
Still, they know that they still have plenty of money, and they don’t have to think about what he will eat tomorrow. There is plenty of money in the bank and investments, so you can take more risks. And the poor man can’t even concentrate on the game, because he is constantly thinking about how he will live on in the future.  
Of course, sometimes the poor may believe that loans will not allow them to slide into complete poverty, but loans are immediate help, which will later make the situation even worse.

Financial status should be something personal and not a consideration for gambling. If you are poor, you know very well that you are not fit do financially and you will do things according to what you can afford to lose to gambling and the same goes with a person thag has much money, he knows his limit no matter the level of his richness. There is no how a person will be rich and a particular amount will leave his pocket and he will say he or she didn't feel it, it's not possible unless the gambler is into illegal means of making money.

Whether rich or poor, just put what you know your limit is about and what you know you can afford to lose, it's a simple as that but the poor will want to become the rich over night and that's the nemesis of gambling addiction often cause by consistent losses that you can't make back. This is why it's advisable to gamble with the amount you can afford to lose.

For me this is the basis of everything, the financial or particularly the economic is what really matters, and it is also necessary to emphasize that here the only thing that really must be given is the responsibility of each one of us, it is not necessary to put aside our family, our obligations for a game, we are people who above all start from reason, and we are thinkers, that is enough to say: "we should not get carried away by the economies of a game, which will cause a loss of money that will be impossible to recover" with that clear, there is no room for errors to exist, having everything clear , things are like that.

Yeah, but the thing is that if you have a roof above your head, and you are well fed, etc, then you are OK.

Many people actually are not like that and they want to be "saved" by this gambling magic thing, it is basically hope, you know?

So, in a way, it is weird but it is the only thing some people have in their life. Just a random gamble to see if they could win something, because they don't have a path forward in their normal lives.

I mostly agree. However, there is nothing wrong with gambling being a hobby. If you are okay with losing some money (as well as winning some), that is a completely okay activity that can bring you lots of joy and excitement. You just need to know your limits and play smart.

Gambling is really risky, and if there's a poor person who bets everything to try their luck, I think that person is foolish, especially if they’re hoping for instant wealth just through luck. We all know that gambling is just a game of numbers and odds, and often, those odds aren't in our favor. Society should be wiser and realize there are plenty of other ways to improve our lives without getting caught up in the illusions sold by casinos and slot machines.

Instead of risking money that could be used for daily needs or for the kids’ education, it's better to invest in knowledge or skills that can open up more opportunities. Relying on gambling is just a scam that can lead to more suffering.

So, let’s remind ourselves and those around us that the road to success can't be bought with a gambling ticket, but must be traveled with hard work, perseverance, and smart decisions.

We don't know at what stage they will begin to slow down their gambling games but if they can realizes what they do in gambling, they will start to slow down it and introspet of what they do. It needs awareness from gamblers to see what he doing in gambling so he can reduce his gambling if he lose his money.

The poor gamblers must realizes that gambling will not makes them rich but will gives risks without they realizes. The rich gamblers will gets the same thing if they can not control themselves and remember that gambling is not for makes money.

Those gamblers will have the same risks and can increase if they don't stops their gambling immediately. That risks can becomes bigger if they decide to gambling every day and chase their wins but the fact is they will difficult to wins. Hitting the jackpot is difficult so they don't have to do that instead just trying to gambling for fun. They never know when they will be luck in gambling so they don't have to gambling by hard to reduce the risks. That is why we must gambling wisely and responsibly.

If poor gamblers difficult to win in gambling, they don't have to force to keeps playing gambling and spends more money because that is not worth. It is better they use their money to fills their daily needs and search for the other ways to make money and not from gambling because that can gives them risks in losing their money. Both rich and poor gamblers will face lose in gambling so they must be careful and always trying to reduce the risks not to becomes big. Otherwise, they will regret when they see their money is gone.

Even at some point in time, the rich will tell you they don't want to lose their money or risk it on what they are not sure of, this is because they value what they have and also know the repercussion of losing it gradually before realizing, taking a risk should be what we must have proposed from our mind before acting upon, it only take a risk to make it in life or to miss it in life either, but we must know that whatever we are going for is what really worth it.

Although I would say there are very few people who change their fortunes by gambling for fun. Not everyone can take risk Most of the time we know that rich people only take more risk towards gambling. When poor people gamble, they think too much and put a small amount of money into gambling, many times they lose and go broke. But a rich person never makes such a plan with money rather they have a lot of money so they gamble for fun and even if they lose there is no negative effect on them. When a poor person gambles, if he loses his money, he becomes very emotional and has to work hard to get his money back. That is why there is a huge difference in gambling between the rich and the poor, where the poor gamble with little money just to earn. But a rich person never chooses gambling as their main source of income, rather they always play gambling for fun.

I believe the correct expression should be your emotions are unpredictable because there are some times that you would be so certain on your thoughts of actually quiting but at the long run of everything you would be the one changing that particular decision of yours because of maybe some kind of loss which is the basic core problem of almost every gambling addict and this affect both the rich and even the poor too.

One thing you can mention in the case of poor gamblers where a poor gambler usually loses a gambling bet will cause a lot of trouble for him to be the next bet because he has to work hard to manage the next bet money.
On the other hand, for a rich gambler, he does not have to face any difficult situation to manage gambling money. He can easily manage gambling money so rich gamblers do not face any risk in gambling betting.

Indeed, I don't think there's any difference between a rich gambler and a poor gambler because after all, they still have the chance of losing everything if they don't have good control. Maybe some of them think that being a rich gambler is more interesting,because they can bet large amounts. But we need to realize, because so far also when there is news about a gambler becoming bankrupt in a short time, at least they are rich gamblers and not poor gamblers.

After all, with them having a lot of money then when they have no control, then they will consider themselves willing to spend a lot of money to try their luck. But anyway, it seems like we've all seen enough times when gamblers have lost their fortunes in just a week or maybe even just overnight. Therefore, when we gamble, the risk of losing will always be there but with that reason, we should also be able to have the control to gamble only with the money that we are ready to lose and stop when we get bad results.

Yeah either rich or poor Risk should be taken with caution, because gambling is fill with alot of risks because in gambling either one win or lose , so gambling can make one life change for the better by hitting a huge jackpot and at the same time can ruin ones lives when approached wrongly. That's why is good to have good self-control to avoid being a victim of such . Because not all Risk worth taken so either you are rich or poor you should always gamble wisely and responsibly.

This is how players pay for their interest and curiosity and cannot find their inner brake. In any case, they will find it, the only question will be at what stage they will begin to slow down their gambling games. It often happens when it’s too late and only at that moment does the realization of everything that happened come.

Yes, the poor experience this excitement of happiness, but the rich can also experience it, but at high stakes, so no one is immune from losses, and this can occur in any gaming session, even when the player does not expect it, whether he is poor or rich it's not really important.