Topic: Rich or poor gambler, who should risk more? - page 19. (Read 9664 times)

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

I call it greed as a natural trait that humans have, but even though it is a natural trait, that doesn't mean we can't control it. Many people have managed to control it, in my opinion the problem lies in the person themselves.

They want something instant, especially to get a lot of money and they run into gambling which basically gambling is entertainment for us, but they use it as a place to seek victory. If we talk about that, then there is no one who doesn't want to get money the easy way, but unfortunately there is no such way. And even those who find it easy to earn money are people who used to work hard and we never know what they went through.

And now people (addicts) think that gambling can take them there? Lol, wrong logic. This is a form of their inability to absorb information properly, and they use more emotions.

It's only an addict or someone that's very desperate and see gambling as an opportunity for financial freedom that would go to the extent of taking loans to gamble, it's not wise at all an lots of embarrassment when the event they stake on didn't go as planned and their unable to pay their debt. Well, back to the main discussion, I think a rich gambler who takes risk has more chances of survival than a poor person for instance, between a poor person worth $200 and risk it all and a rich man worth $100k and risks same $200 who do you think would survive after that if it goes wrongly? It's the rich person of course so I think rich people are more financial capable and in better position to take risks than poor people when it comes to gambling. However, it's not in anyway right for some to risk taking loans to gamble their are consequences to it.

Taking a loan for playing gambling will gives them the problem so they must realizes that and not trying to takes the loan. If they care with themselves, they will always take care of themselves by reducing the risks that they can gets from gambling. They must fills their daily needs and gambling is not part of that so they must allocates some money to be used for playing gambling.

While poor and rich gamblers have the same risks in gambling, they must not use too much money. Otherwise, their lose will be bigger and that means they will risks more than other people who knows how to manages their money well. We can't use other people's money to playing gambling because that will gives more problems to us and we will difficult to repay the money to them. Every people who playing gambling must knows how to reduce their risks of losing the money in gambling so they will not gets the problem that can be bigger than they can imagine.

Just like the way the rich have the fund to bet more and the poor in contrast would have to try all possible ways to make sure that they make profits from gambling. Gambling can be very frustrating and more of desperate alternative for those that don't have the funds or enough funds to always play bets. No matter whether we are a poor, rich or average class gambler, we all want to make money from gambling. I think when the rich people lose bets, they are always calm and not too bothered when they lose since there could be funds somewhere they can use to bet more.

maybe we can say that the rich has many sources of pain but the poor has only one, as the main source being money
this doesn't stand 100% correct but it resumes some situations

and yes, nobody should gamble more than what they can afford to lose, that is a really important thing to keep in mind, you are correct.

Everyone knows. Players borrowing to gamble? They're not stuck in a psychological maze; they want dat dopamine. They're addicted to the bet and even pawn their grandma's dentures to play high roller. Though broken, it's raw human nature

But there's more to it than these scumbag gamblers. Man, it's about our horribly broken society. In this instant-gratification culture, everyone wants everything now. Work ethic, discipline, and delayed gratification are gone. We're addicted to the next fix, and it's killing us financially and spiritually

Unfortunately, these men may be planning for their retirement and leaving something for their children. Instead, they're wasting it on roulette or poker

Irrespective of the amount of loss, the state of mind of a poor person when he loses money and the state of mind of a rich person when he loses money are different. Even if a rich person loses a few bets in a row, he will have the courage to gamble and at some point he may even win, but a poor person who loses once is not in a position to gamble again, he has to take time to manage his finances. Regardless of the bet amount, rich gamblers will have some extra advantages but the poor don't get that. A rich person can take risks again and again if he wants but the poor do not have that opportunity.

So that's what becomes very dangerous, where they force themselves to borrow money to gamble. They are having a hard time just making ends meet and now they are adding to their burden by having to pay off loans they took out just to gamble, that is a very unwise thing.

In normal life, we are not allowed to use money for other needs, especially when they use the money they earn from loans. From there, we can see that they cannot meet their daily needs, because if they were able and had the money, they would first use the money. However, that's not what happens and I think this happens a lot out there, especially among small gamblers or gamblers in bad economic situations. now they have 2 problems, the first is the money they borrowed they never enjoyed and they have to pay their loan.

Things like this are what cause so many cases that we don't want to hear about that occur as a result of gambling, specifically from those who are addicted to gambling.

Yes, it is true that most rich people invest, either directly or indirectly. and usually it is part of their business, it cannot be denied that it is their business field, for some rich people gambling is just for fun, I agree with you. Regardless of how they have fun for entertainment and spending money on gambling is a natural thing, but on the other hand there are many examples of rich people who fell into poverty because of gambling, they did not see and realize that the risks in gambling can also be very significant and make them ruined. it cannot be denied and we cannot turn a blind eye to it, therefore even rich people must limit their gambling activities.

Conversely, poor people do not need to gamble, it will increase their expenses, this will trigger the crimes they will make if they are addicted to gambling. It is best if in the position of the poor do not try to gamble, just focus on work and improve their finances. It will be more profitable, because even the smallest bet is a loss for the poor.

The fact that people want to make money from gambling they don't consider the risk it comes with, because either you are rich or poor everyone will be affected because  anyone can lose and when you get greedy then the person will only be putting their self in a delicate situation because instead of spending money on relevant things. With the kind of situation we have found our self we need to have a budget of what we spending because their are people who can spend their whole money just to gamble and also do not gain any reasonable thing just because they are greedy.

Their is nothing for you to recover if you lose just accept and move on because trying to get back your money will not work you will end up spending more. When you gamble  to recover in trading they call it revenge trading and it is very dangerous. How we control how desperate we are to make money will be of great help to us. Greed should be highly conscious of, so you don't lose money.

Rich people do invest yes but that is not the only thing they do. They play they gamble and it is all for fun.

These rich people need to be entertained so usually gambling is their way for entertainment. Since they are not exactly tight with money, they can let some of their money fly by gambling. It doesn't mean of course that they should but they have fun with their money.

With poor people, they usually have the 'nothing to lose' mindset because they literally have nothing to lose but everything to gain.

Rich knows how to value their money and certainly prioritize how to gain more wisely. However there are also rich people that are into gambling and even lose their wealth due to gambling addiction. Thus, regardless of your status if you became addicted, it can ruin your lives.

Poor on the other side should not gamble if they don't have food to serve on the table. But as you've said, they believe wealth comes from luck and gambling could be the answer to achieve this, which is wrong. The problem is, they still believe on easy money that you don't have to strive or exert an effort because in gambling it is achievable. Well, anyone can engage themselves in gambling however, we should not forget that it is a game of luck and if you don't have it then you'll only lose your money.

Gambling was designed to make poor people even poorer because of how they think. Rich people don't gamble; they invest. Poor people think wealth comes from luck, but rich people know investment is the key. Praying, playing, and craving for money will only leave you frustrated in the end.
Many people get addicted to gambling and take big risks, which can lead to bankruptcy if they're not careful.
Therefore, we need to break free from these poverty traps.

I know most of the time rich people play gambling just for fun, they get entertainment from here. But a poor person never finds gambling as a place of entertainment, rather they play here hoping to gain money. The rich can take more risks in gambling, with more money they bet more, and they bet constantly, often winning and losing money without any negative effect on them. But a poor person cannot take big risk, rather they gamble with small amount of money so that they can win, but mostly people lose their money. And when poor people lose gambling they are very emotional and more likely to become addicted, so I think poor people should avoid gambling. Because the rich are willing to gamble with a lot of wealth and are able to take a lot of risk, the poor cannot take that much risk.

When someone playing gambling and lose his money, we will still difficult to wins and that can makes him difficult to repay the loan. They will only risks losing their money, no matter if they are poor or rich gamblers and the situation will becomes worst if they takes a loan to playing gambling and loses that money because that will gives him another problem that he must solved.

The poor gamblers must not risks their money to playing gambling. They can playing gambling but only with a strict rules so they will not risks too big money in gambling. They can just used gambling for fun so they can manage how much money they will afford to lose in gambling. Besides that, poor gamblers will not have too much money so that's not worth if they still decides to use their money to playing gambling. They have more needs that they must fills so it's better they use their money to fills their daily needs than to use it for playing gambling.

Both really have difference in financial situation but both still have the same risks. We knows that poor gamblers can asks for other money from the lender so they can back to casino and keeps playing gambling so that will makes them have bigger risks to lose the money.

Those who playing gambling too often, whether if they are poor or rich gamblers will not thinks about fills their daily needs because in their minds will only thinks about gambling. That will be a wrong thing if they seek their luck in gambling because they will not know when their luck will comes and helps them to wins. They must knows that playing gambling can't helps them to make money but only gives more losses if they can't control themselves. So it's better to limits their time and money when playing gambling so they will not lose too much money.

Well, you are right bro but high rollers also have high chance to lose a huge amount of money just in one go. Most of the time, it seems that casinos always know when a gambler is increasing their staked amount, so they might grant the person a few wins just to motivate the person and make him increase his staking amount, and if they did upgrade the amount, they would end up losing it or multiplying it. It's usually 50/50 or something. 

I think that things are so that we can do our best before playing, before playing I always think about what I am willing to spend or lose, if we limit our balance to play I think that is the solution to all this, because basically things in the casino are very fast, it is win or lose, but that happens quickly, and what we should always think about is that all the money that is put into a casino game should be considered lost, we should fight to win, and from there comes my Advice that when we win and it is Enough to withdraw even if it is little , then we must Withdraw that money , to feel it and know that it is ours.

Looking at the concept of gambling, if money making turns out the aim of gambling at any point then it will make sense if the poor risk more a d this is because the poor has got only a few amount to risk and so if they are risking on a little odd, their out come will be small and they will not be making as much money but if they are risking the little they have, knowing that they let go if they loose but will make money if they win so they may have to make picks of more odds while the rich who are risking a huge amount should make few picks and place their huge money on it, they will still make good money even with the small odd if they happen to win.

It's true, everyone has different limits and abilities, so anyone who gambles certainly has their own risks. After all, they will also risk their money based on their abilities and limits, so they will still have risks in gambling. But,  if they only bet with money they are ready to lose, then maybe they don't have much risk, because they also won't care if they lose and lose all the money they have  prepared. Because after all, the money they have prepared has also basically been prepared for the worst possibility,unless they are betting with money that must be doubled. So betting with money that you are not ready to lose, the bet will be very risky.