Topic: Rich or poor gambler, who should risk more? - page 16. (Read 9664 times)

Since we all have different taste when it comes to gambling, we can always ay based on our urge and interest to make quick money. Gambling is quite profitable but not to everybody which is why whether we are rich or not,we don't bet in the same way or pattern. Our love to bet and make money is quite different just like every other person. The most important thing we need to do is to make sure we regulate the way we gamble and stay disciplined so we don't have to end up losing after our greed and urge to make quick money from gambling which is obvious that the money we intend to make is someone else lost fund.

sometimes this makes me think about free will and if our decisions are determined or not
guys like Sapolsky will say it's all determined by genetics
I like to think that it is something in between, a little bit genetics and a little bit behavior, what do you think?

Well, yea I agree. Gambling is what it is. While that strategy might work most of the time, which I have also experienced it, but it doesn't work all the time that we think it's going to go just as we've predicted it would. Also the strategy doesn't just work for one person, it works for lot of experienced gamblers, both rich and poor.

of the many people who gamble, of course not everyone is the same in their perceptions or goals for gambling. Apart from that, it is the same as the decision they will make, of course not everyone will risk the last money they have. I agree with this, because not everyone is obsessed with winning at gambling. There are people who can control themselves well, including their perception and the aim of gambling is not to aim for big wins but to have fun. Also, not all poor people when they need money make the decision to gamble to double the money they have, of course they will think twice about doing that, especially if they don't have confidence in gambling.

In my opinion, there is no definite comparison between rich people and poor people who take bigger risks, if they both have wrong thoughts and mindsets as well as perceptions of gambling, then both of them can take bigger risks. I'm sure this can be differentiated by looking at their behavioral responses and perceptions of gambling in their minds, because that is what will determine what kind of gambling they do.

I think you underestimate people. Not every gambler is so dumb and desperate in wish to win huge. Both poor and rich wont bet their last money. Or I dont believe that poor man is in such a need of money, that he would gamble with his last one. I believe (maybe I just have a huge hope in people) that both of them are smart gamblers. As to stupid, reckless and addictive gamblers - those people dont have nationalities, nor they can be divided by their wealth.

A rich or poor gambler will run at loss if they are gambling to make profit and no one is exempt from losses. The difference is that a poor man will lose the little that he has and get broke while the rich man will lose all he has and get broke because they wager with different amount.

Most times people wins around us can trigger us to increase our gambling activities when we think more of profit when gambling but it should not be so because everyone has his own lucky day and winning is not by increasing our bets or spending more time in the casino. This is why one need to gamble responsible because all gamblers are prone to losses.

A nightmare for both rich and poor gamblers when they can't control themselves in gambling. Maybe rich gambler have extra spendable money but that's not guarantee they will not lose all of their money in gambling because they thinks that they can playing gambling longer than other people or use more money. That will makes them gets a big risks when playing gambling because they can lose anytime in any amounts of money.

Risks of playing gambling will be there, no matters if you are a rich or poor gamblers. The only thing you can do is just prevents the risks is not too bigger which mean you must prevents the big lose. If you can take care of yourself, you will be fine playing gambling and will not risks too much money because you knows that will gives you big risks. You don't wants to suffer financial loss in gambling so you will ensure that you only use the money you can afford to lose.

Gambling is considered a nightmare for them to eradicate poverty. Casino and gambling are much easier for the affluent and fairly well to do because they have extra spendable money that they set aside for gambling. If one continues to look for the jackpot to escape from poverty, it is mostly unsuccessful. Gambling can be positive for someone only when he allocates a portion of his disposable income for his own mental satisfaction or hobbies. Through this he himself may suffer financial loss or gain profit which is not a hindrance in leading a normal life.

It’s true, because we are all human and the poor want to change their lives and they cannot do this in ordinary everyday work. And so the poor can only count on the fact that their life change will come through the jackpot in the casino. But unfortunately, most of them, on the contrary, will lose in the casino, and this is such a statistic.

Even though the rich person might have a budget of 100X the budget of a poor person, if they bet in that same proportion, then both rich and poor will end up broke at the same time.

They have the same odds, so they will end up in the same place in the end.

Of course if the rich person bets the same amount as the poor person, the rich person can continue gambling after they lost the same amount, but that's not a fair comparison.

But I think that poor and rich get identically excited when they win. The only difference is in their session duration. They risk identically as odds are the same, get identical amount of fun, but when poor looses his budget, rich can continue gambling. That is the trick of gambling, it must be identical for everyone. Everyone only gamble with the amount they can afford.

I also think that there is also a difference in that poor players want to win money very much, because it is not available to them and are capable of more aggressive bets without following money management. While rich players do not feel any urgent need to win, they do it primarily to entertain themselves and play with their nerves and adrenaline. They may not get such emotions anywhere, be it an extreme sport or something else. Rich people are more likely to control themselves than poor people, but this does not mean that they can lose everything, so none of them should forget to be careful.

I think those who consider gambling as their main job or income are because there is a chance of winning, even though if we examine it, winning at gambling is not certain and I think it depends on our own luck which will determine it. but the mistake is that they think that they can win for sure. In fact, positive thinking is good but it must be within reasonable limits too. In gambling, if they think they can win for sure, it can actually cause them harm. those who consider gambling as a job will not be calm in their daily lives, because they will feel restless when they want to gamble but don't have enough money and in that situation I think they can do anything that can make money, whether it's borrowing or selling the property they own. .

Apart from that, if they think that they can make money by gambling, of course they will become chronic addicts, it will be difficult for them to get out, even though they will get a lot of advice from other people, including those closest to them. Rich and poor gamblers alike can take big risks if they have the wrong opinion about gambling, also with their mindset which thinks that winning at gambling can be achieved for sure and if it sticks then they will definitely become addicted to gambling and will continue to gamble, sadly. they can ignore other things because they only focus on gambling which is what they want.

Indeed, our own behavior determines the future, if we cannot control ourselves well, such as the emotions that control the course of gambling, there is a big possibility that gambling will only be carried out brutally, with us continuing to put money in again and again even though we have experienced consecutive losses. makes us lose a lot of money but we don't care about it because the ineradicable feeling of wanting to win makes us unable to stop gambling.
We must be able to put aside our egos by winning at gambling. Winning is definitely desired by everyone who gambles, but not everyone can get that win, even if those who are rich put in large amounts of money, even that doesn't guarantee that they will be able to win for sure. . It's the same for rich or poor gamblers, if they can't control themselves they can gamble at great risk.

there are scammers everywhere nowadays
blame the high cost of living, the move to digital where it is easier to be anonymous and the lower ethical level
I'd love it to be different but unfortunately it is not.

maybe we'll see it changing at some point

       -     I also agree with what you're saying, mate; it's just that the reality of what's still happening today is that there are still many gamblers who are careless as scammers in a casino, especially among other gamblers who think gambling is a job. because, until now, I still don't understand how they still think it's a job when most of the time the majority of gamblers actually lose at the casino.

Or maybe they have been blinded by the wrong mindset or belief that has been planted in their mind because of the addiction that has formed in their personality, so they always think about it?

thinking about it now but probably there's way more hope than fun among poor people who gamble
while for rich people there's seeking for novelty and fun, maybe even some despair and lack of purpose

now here's an interesting thing to study and to statistical research

But some persons might argue differently saying that the rich gamblers actually have the advantage of getting a better chance of winning by simply multiplying the staking power and reducing the odd selection although this method is actually certain but a lot of gamblers that I have come across have argued in favor of this technique actually working for them but if you ask me I would say it's still all same one luck because no matter how the odd is small it doesn't certified it's sure.

Like I said before now, between rich and poor gambler, no body is given a high priority of winning over the other. They both usually have a share of just same luck that is released by the casino. It takes the lucky one to bet at the right time and if he bet with a huge amount, that means they will earn huge profit. So, if it's a poor gambler that staked a huge amount at the lucky hour, they can win a huge amount. If it's also the rich guy that stake a huge amount at the lucky minute, they will as well win a huge amount. The difference between those categories of gamblers is that first has lot of money to keep gambling with it while the later has small amount.

In terms of character and behavior, each person is usually different, depending on the ego as you mentioned and also depending on the level of emotion the person has, because sometimes there are people who are very sensitive to everything that is not appropriate. with the hope that even though it is a trivial matter, or what it means is that sometimes there are people who get emotional easily even because of small things. But if we talk about the personalities that rich and poor people have then of course I think I would also agree with the opinion you, not without reason, but we can see that rich people have succeeded in bringing themselves to financial freedom in their lives, where this success is caused because they have a different mindset and way of looking at money, meaning I don't believe that rich people make gambling a place to earn, because of course before they get involved they will definitely assess first what the positive and negative sides of the activity are, meaning I am sure that it is very likely that rich people will not treat their gambling activities excessively.

 While poor people I think is quite doubtful, in the sense that there is a big possibility for them to try their luck in gambling, logically they have a worrying financial situation where they lack money to meet their living needs, while as we know that gambling provides opportunities to win for all users, meaning I think it can be used as a reason that there is a big possibility that poor people will use gambling as a place to make money.