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Topic: Rich or poor gambler, who should risk more? - page 20. (Read 5005 times)

hero member
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Most times, the reason we fine poor person more in a casino hall is because, the rich are mostly based on online gambling with their mobile phones or PC but the poor, not having free access to this things would want to make use of public casinos. It's true if they have spent those money on a cheap altcoin usually meme that give a x5 or 10 it would be been a good start for them rather than playing gamble and looking irresponsible, they both are based on probability, but the reason gambling is more preferred is because of the quick result it gives.
It really depends on the casino you are talking about. There are many land based casinos where only rich gamblers will attend to, because the minimum bets accepted are already too expensive for an average gambler. These are wealthy casinos built and destined to provide services to the richest gamblers, so the environment is luxurious and heavily protected, employees well trained, food and drinks offered are of top quality.

Meanwhile, I guess the poor gamblers are the ones who prefer online casinos. Everyone nowadays has a smartphone and internet connection is available everywhere. Furthermore, these online apps accept minimum deposits from 1$ on or so, directly from and to the account of the individual. I've already seen many humble youngs who work for cheap wages gambling on such apps during their free time with very low sums of money, expecting to grow it into something considerable, maybe to purchase a good they were looking for since a long time, or to proportionate something for their girlfriends.

Proportionally to the total income of each of them, these poor gamblers are risking much more than the rich ones, and that is a big issue in my opinion, because it will prejudice the thriving potential of these individuals on long run, if they aren't lucky enough to hit some nice winnings. For the rich ones, on the other hand, it won't make difference at all, since they have abundant sources of income to replenish the amounts spent with gambling each new month.
legendary
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There's no need to be upset
that's why I'd rather think in % terms than in absolutes
for a rich person 100 usd may be less than 0.00001% of their total wealth where for a poor person maybe this is like 25% of the disposable income they have each month or even less. or even their whole world if you think about different countries with different currencies.
hero member
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Because it's a complex problem.

We can agree the rich have advantages and the poor don't have any advantages when they're young. But we can know how good they manage their money when they already 40-50 years old regardless they get paid minimum or high amount salary.

The poor mindset don't know how to manage money, either they're uneducated or it's their own belief who adopt YOLO lifestyle.

The advantage of rich people, in my opinion, is that they have a lot of spare money. So when they gamble and the gambling they do loses, they won't mind it because they still have spare money. In my opinion, rich or not, but if we do gamble then we should be able to accept defeat which will definitely happen and not worry about the defeat that occurs, because if we think about it hard it won't change the situation, the money lost in gambling won't change. will come back even if we think hard about the defeat.
and with poor people, they gamble, of course they really hope to win, because the winnings they get can help their finances or their needs, but with the fact that defeat is likely to occur, they are not prepared for this, so when they lose it is possible makes them annoyed or becomes an additional burden on their minds, which really doesn't have to happen. but what is clear is that poor or rich people still have to be able to limit their gambling and be able to manage their finances well, and don't expect to be able to get money for sure from gambling.
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If you're poor you shouldn't be betting a single freaking cent/satoshi on any gambling what so ever.  It will only make things worse, in almost damn near full probability.  Here in the US we've got video poker /slot machine parlors all freaking over the place.  There is more slot machine parlors in my city than any other kind of business by far.  Not to mention in most restaurants, gas stations etc. If you visit them, the type of people that are always there...poor people.  Same as the majority of people who buy lotto tickets and scratch offs. If you're poor, invest that money in your life, in your future, not in a low odds game or chance.  When  I see people buying a scratch off I can't help but think how much better that money would be spent taking a shot on some cheap shitcoin.

Most times, the reason we fine poor person more in a casino hall is because, the rich are mostly based on online gambling with their mobile phones or PC but the poor, not having free access to this things would want to make use of public casinos. It's true if they have spent those money on a cheap altcoin usually meme that give a x5 or 10 it would be been a good start for them rather than playing gamble and looking irresponsible, they both are based on probability, but the reason gambling is more preferred is because of the quick result it gives.
hero member
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If you're poor you shouldn't be betting a single freaking cent/satoshi on any gambling what so ever.  It will only make things worse, in almost damn near full probability.  Here in the US we've got video poker /slot machine parlors all freaking over the place.  There is more slot machine parlors in my city than any other kind of business by far.  Not to mention in most restaurants, gas stations etc. If you visit them, the type of people that are always there...poor people.  Same as the majority of people who buy lotto tickets and scratch offs. If you're poor, invest that money in your life, in your future, not in a low odds game or chance.  When  I see people buying a scratch off I can't help but think how much better that money would be spent taking a shot on some cheap shitcoin.
Because it's a complex problem.

We can agree the rich have advantages and the poor don't have any advantages when they're young. But we can know how good they manage their money when they already 40-50 years old regardless they get paid minimum or high amount salary.

The poor mindset don't know how to manage money, either they're uneducated or it's their own belief who adopt YOLO lifestyle.
full member
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Proportionately both risk losing their money. Of course "gambling" without money include no earning or just "penny earning" Roll Eyes
Who should risk more? No one! Having "courage" take the "risk" these are all terms that must not be used in gambling since it simply increases the possibility of losing money exponentially.

I quit agree with you that no one but rather having courage to risk wether rich or poor, but I still see the rich to be more advantageous than the poor because a rich man may remove $100 at ago to bet 2 odd game or even $50 but the poor who manages to get paid like $70 may not be able to risk $50 or even $35 of his salary why he has alot of responsibilities, he may end up risking $5 or less and by then it is no longer a risk.
legendary
Activity: 2282
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If you're poor you shouldn't be betting a single freaking cent/satoshi on any gambling what so ever.  It will only make things worse, in almost damn near full probability.  Here in the US we've got video poker /slot machine parlors all freaking over the place.  There is more slot machine parlors in my city than any other kind of business by far.  Not to mention in most restaurants, gas stations etc. If you visit them, the type of people that are always there...poor people.  Same as the majority of people who buy lotto tickets and scratch offs. If you're poor, invest that money in your life, in your future, not in a low odds game or chance.  When  I see people buying a scratch off I can't help but think how much better that money would be spent taking a shot on some cheap shitcoin.
hero member
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Both responsible and irresponsible gamblers consist of high and low rollers. No cheap gambler, gamers can't be tagged poor, it's better called low rollers, as we can't determine for sure who's poor, indeed. A rich player can decide to be a low roller and a poor high roller. That is gambling above his income. Hence, the attitudes of these sets of people must differ, gamblers who are irresponsible have the same behavior regardless of their financial status, same as the irresponsible players. We all know what happens when one chooses to be irresponsible in gambling. If he's rich, he could end up poor as you said. Risk in this context means who gambles with a huge amount of money. A poor person can't afford to wager a huge amount, but what makes him a high roller, can be a low rolling for a rich player.

So, the risk for a person who doesn't possess lots of money could be going the extra mile by borrowing, illegal businesses, to raise money for gambling. However, trying to match this context of reason can be difficult in terms of behavior and type of gambler. Looking at the perspective of a rich player who chasing losses, is he actually in need of the money or addicted to the behavior? He's rich and may not be seriously on the lookout for more, to the extent of chasing losses. He could wager a huge amount and wait for another time to gamble. Unless he wants to go broke, then chasing losses while wagering huge amounts will take him there. Gambling is a risk for everyone, and the amount we wager doesn't define whether we are rich or poor in real life.

Well actually we don't have to bring someone's background in problem gambling because after all it all depends on how the approach they have on gambling which is simply that if for example they have the wrong approach and that is not recommended then obviously the impact will be very bad, and maybe we can only see them from their responsibility or I mean whether they are responsible or not and how they treat their gambling activities, this is outside of being poor or rich and more like whether they put something that they can be responsible for or not.

Rich or poor at the end of the day it's the same and I think the scenario of some of the actions that they would take would not be much different if they were the irresponsible gamblers and in terms of the impact it would be the same and maybe the only difference would be the timing of who would be worse off sooner. However, risk is never indiscriminate, or in other words, the possibility of risk in gambling will never see your background, rich or poor still have the same possibility but maybe with a different amount of loss.

Think of a well-connected rich irresponsible gambler, his problem gambling can be settled easily by his acquittances. But a player who is not connected and financially stable will suffer his problems alone with fewer people concerned to help. That's the only difference I can recur that makes being rich and connected as an addict, better than not having enough funds and connection. I do ask myself, who will be there for me when things go wrong? It's an excellent self-question as a gambler. It's not just trying to follow the ways of the high rollers, or knowing who is taking the most risk. Every action must be thought about to the cure before we take an action. It's not an easy thing, but putting in the right work and choice is worth it.

The high rollers can easily fall back on his people, and they'll fund him more money. Unlike a player who has little or none to offer financially, he'd lose out lots of friends, if he had any, and be left with nothing. A player who is not close to his family is expected to crosscheck all these, before trying to engage in gambling risks. Anything can happen to any gambler, hence having an escape plan is just as crucial as having the game plan. Getting caught up in gambling addiction is quite very painful and regretful. The world has changed and lots of people are depressed, being in a more severe condition as gambling addiction, in a time like this is very disturbing and dreadful. Players must be observant of the world around them, to know their next move.
hero member
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That is guaranteed in gambling, to lose. Being rich or poor, it doesn't have any difference at all when you're going to lose money. You can win but not a lot and then lose again. The cycle will continue and it's like how you'll keep your money from your wins. If you're not wise and manned up, you'll lose again that money to the casino but if you keep the entire thing and just gamble some other time again, see that it doesn't matter whether you're rich or poor.
That's how every gambling game goes and there are more losses than wins. Maybe there are still quite a lot of gamblers who are aware of this and they are too lenient because they keep getting what they want.
Most of us are aware of this but we just choose to ignore those matters because what is important to us is we gamble, we win and if we lose. We're just going to take a break for a while and then be back at it again.

Here I call it joy and they forget that they often lose in gambling. Emotions will subside if they win and that is a mistake they cannot control. It is better to gamble at another time and I agree with you when you have made enough money that day.
I agree, if you can't find yourself lucky and at a bad shape, you shouldn't gamble. But if you can control yourself and you think that you're totally fine if you can comeback at anytime with some budget again, do it. Otherwise, don't go any further when you can't take it anymore.
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Gambling should be a hobby, it should be just for fun. You should never be totally desperate to use gambling as your main source of income because it’s a recipe for disaster.

It should be means specific, in other words you shouldn’t be betting with more than you can afford to lose.
We can afford to lose and doing the right thing but when it comes to winning, don't ever indulged in activities that will make things slimmed in the system, more like jeopardizing the chances. Losing and winning are not the same thing, it'd very crucial to stand strong enough to absorb pressure and be balanced. Gambling should be changed and risky for the poor because they don't have the basic necessities such as finances, they only hoped for a lucky day when they will finally hits the lotto in the system.
legendary
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Good point, we'll leave aside the rich or poor bit and it's true that it all still depends on how they approach gambling, if it's basically as you say that they have a strong ambition and enthusiasm for gambling along with some addictive mindset then it doesn't matter if they're poor they're still going to treat gambling with an aggressive approach, and the point is rich or poor if you have the wrong approach to gambling then obviously the rich are going to be poor and the poor might sacrifice their lives just for one spin based on luck.

One of the reasons why losses are more common than wins is because casinos apply a larger percentage of losses than wins, and I think it's a natural thing because after all this is a business for casinos which as we often hear that overall wins are actually only for the casino itself in the long run, and gamblers only get occasional wins that come by "chance" and also those that depend on luck, this is the reason why you can lose more if you basically put seriousness because all wins are nothing more than "possibilities".

Both responsible and irresponsible gamblers consist of high and low rollers. No cheap gambler, gamers can't be tagged poor, it's better called low rollers, as we can't determine for sure who's poor, indeed. A rich player can decide to be a low roller and a poor high roller. That is gambling above his income. Hence, the attitudes of these sets of people must differ, gamblers who are irresponsible have the same behavior regardless of their financial status, same as the irresponsible players. We all know what happens when one chooses to be irresponsible in gambling. If he's rich, he could end up poor as you said. Risk in this context means who gambles with a huge amount of money. A poor person can't afford to wager a huge amount, but what makes him a high roller, can be a low rolling for a rich player.

So, the risk for a person who doesn't possess lots of money could be going the extra mile by borrowing, illegal businesses, to raise money for gambling. However, trying to match this context of reason can be difficult in terms of behavior and type of gambler. Looking at the perspective of a rich player who chasing losses, is he actually in need of the money or addicted to the behavior? He's rich and may not be seriously on the lookout for more, to the extent of chasing losses. He could wager a huge amount and wait for another time to gamble. Unless he wants to go broke, then chasing losses while wagering huge amounts will take him there. Gambling is a risk for everyone, and the amount we wager doesn't define whether we are rich or poor in real life.

Well actually we don't have to bring someone's background in problem gambling because after all it all depends on how the approach they have on gambling which is simply that if for example they have the wrong approach and that is not recommended then obviously the impact will be very bad, and maybe we can only see them from their responsibility or I mean whether they are responsible or not and how they treat their gambling activities, this is outside of being poor or rich and more like whether they put something that they can be responsible for or not.

Rich or poor at the end of the day it's the same and I think the scenario of some of the actions that they would take would not be much different if they were the irresponsible gamblers and in terms of the impact it would be the same and maybe the only difference would be the timing of who would be worse off sooner. However, risk is never indiscriminate, or in other words, the possibility of risk in gambling will never see your background, rich or poor still have the same possibility but maybe with a different amount of loss.
full member
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Gambling in such a way that you want to gamble every day is such a bad habit and you could get yourself a gambling habit as well a lot of loses stacked up just because you can't control yourself. So yeah self control is a very good thing for anyone to have and taking breaks when we have much loses can help cool ourselves down a bit.

I think this should be an activity that should not be done every day, in particular I will always say that things are very different when they try to see from the point of view closest to generating better things for our lives, sometimes Sometimes We believe that the casino gives us Happiness , and in part it does, but that happiness can bring us bad consequences, because when it comes to playing and spending a different amount of time, it is our responsibility to be able to do so in healthy peace, without having to risk both a person who risks his money every Day, well for me that is Wrong, Unless he Risks very little at least 2 or 3 usd per day, that is normal for me, but the rest have more money and spend it. every day Nope, it should exceed 20usd, well that is what I would put as a maximum to play in the Week , and per month it is Enough for 80usd so for me that amount is Considerable , then Playing every day is not highly recommended.

Gambling everyday will not help any gambler, when you gamble ones a week maybe every Saturday you not become addictable to gamble just like that, one you are not a regular gambler it would be hard for you to become addicted to gamble.
However, if you says $3 below is a decent amount you can afford to lose that's good because it's not much if you are getting paid above $100 per month. And still gambling with $3 daily might be hard for other gamblers that couldn't afford it. it might not be a bad idea losing $3 per day but the truth is gambling everyday is is not good.
legendary
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Gambling in such a way that you want to gamble every day is such a bad habit and you could get yourself a gambling habit as well a lot of loses stacked up just because you can't control yourself. So yeah self control is a very good thing for anyone to have and taking breaks when we have much loses can help cool ourselves down a bit.

I think this should be an activity that should not be done every day, in particular I will always say that things are very different when they try to see from the point of view closest to generating better things for our lives, sometimes Sometimes We believe that the casino gives us Happiness , and in part it does, but that happiness can bring us bad consequences, because when it comes to playing and spending a different amount of time, it is our responsibility to be able to do so in healthy peace, without having to risk both a person who risks his money every Day, well for me that is Wrong, Unless he Risks very little at least 2 or 3 usd per day, that is normal for me, but the rest have more money and spend it. every day Nope, it should exceed 20usd, well that is what I would put as a maximum to play in the Week , and per month it is Enough for 80usd so for me that amount is Considerable , then Playing every day is not highly recommended.
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For me, it really depends on the person's mentality and how he gambles.
I think everyone involved in gambling, whether rich or poor, goes through risks. Gambling is a big deal for peace of mind. If you don't play it's up to you. Life is a big gambling game. Some are very successful in life and some cannot cross the hurdle of failure. You should not evaluate everything with money but value your own human peace first.
legendary
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Gambling should be a hobby, it should be just for fun. You should never be totally desperate to use gambling as your main source of income because it’s a recipe for disaster.

It should be means specific, in other words you shouldn’t be betting with more than you can afford to lose.
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Yes gambling behaves the same for everyone. There is no special exemption for anyone in gambling. so it will be equal risk for all  It depends on what percentage of their income is spent on gambling. The person who spends most of his income on gambling is at the highest risk and will suffer the most if he loses gambling regardless of whether he is rich or poor. So you must be very careful about money management in case of gambling.
We have to be careful while gambling because if we start gambling with too much focus on what we are playing then something bad can happen to us. Sometimes we have to stay away from gambling. If we ever win extra while gambling we  Lose all money in gambling. While gambling one should start gambling with little money and after some time stop gambling. We should never get addicted to gambling but always watch.
It is essential to approach gaming in a sensible and cautious manner. It's easy to get caught up in the excitement and thrill of it all, but keep in mind that it's a game of chance, and the house always has the advantage. I believe there are particular methods that may be used to promote responsible gaming. For example, there should be restrictions on how much someone may gamble in a specific time period, or there should be mandatory breaks after a set length of time.
A brake must be taken when gambling, otherwise he will lose everything at some point and then no possible prediction can be made by him. and when someone gambles for a long time, the site's algorithm can track his activity and if he falls into a scam site, he loses everything. Gambling is already high risk and the gambler always loses more than his gains so gambling should be used only for fun. In this case, it does not matter whether the gambler is rich or poor
While it's true that gambling can be risky and potentially addictive, not all gambling experiences lead to loss and ruin. Some gamblers are able to maintain control over their gambling habits and enjoy it as a form of entertainment without experiencing significant negative consequences.
The idea that gambling sites' algorithms track user activity and can lead to scams may be true in some cases, particularly on unregulated or unlicensed sites. However, reputable and licensed gambling sites use algorithms primarily to ensure fair play and prevent fraud.
While it's true that the house usually has an edge in most forms of gambling, this does not guarantee that every gambler will always lose more than they gain. Some gamblers, particularly skilled players in games like poker or blackjack, can develop strategies that give them an advantage over the house.
I believe it's agreeable that the gambler's financial status does have some relevance. A wealthy individual may have more disposable income to gamble with, allowing them to enjoy the activity without putting their overall financial security at risk. On the other hand, a poorer individual might feel the negative effects of gambling losses more acutely. while gambling can be risky and should be approached with caution, it is not always a path that leads to loss and ruin. Responsible gambling practices and careful choice of gambling sites can help mitigate risks and allow individuals to enjoy gambling as a form of entertainment.
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The amount of money you start with does not matter,as long as you have a good bankroll management and you know your limits. Obviously a rich person can afford to play higher stakes, take more risks, and win more money but at the same time he has much more to lose on the long term because he's got so much money. A poor gambler can only lose the amount of money he has, which is little and even if he ends up losing everything it won't affect him that much. If a rich person ends up losing everything to gambling, that would be a disaster for them and their life. Therefore, both rich and poor gamblers should be careful to gamble and risk only the money they can afford to lose.
I agree with everything said apart from the part where you are of the opinion that the winning of the poor are small so it will not affect him as much as the winning of the rich. This statement is not correct and should even be the other way round. The poor might be gambling with almost everything he has even though it will appear small and insignificant but the rich might be gambling with just a little part of his money even though that may appear big and can even be what the poor targets to win. I think losses affect the poor more than the rich, hence the poor should be very careful how much of their limited capital is put into gambling.
I would rather be neutral here because it depends on the rich and poor in question, we can not generalise it, and also the amount of money they wager matters here. The poor and rich discussion is always relative to a particular discuss, but some people often omit that fact believing when you are rich, you can't lose the riches if the care is not taken due to risks and mismanagement. It is not about the fact that the poor, for being poor will always wager all their money, No, or the rich because they are rich can wager any amount and not feel it, No. The two have their limits, there are amounts that the poor would wager many times and will not feel anything, and there are amounts that the rich will wager fewer times than the poor and feel it more, so it depends on the amount of money the two are wagering at that time.

More calculative and managerial poor gamblers are better at gambling, and the fact that they are poor doesn't mean that they are desperate to make money from gambling, it might just be a hobby or a means to try their luck for more money once in a while. With this, the poor will always be gambling responsibly and there's no way their gambling habits can attract insults or pains to them. But if the rich are not so careful, they will lose their guard and gamble irresponsibly despite having more money. This so-called "more money" of the rich has limits, and if not carefully spent, it will get to the point that it will hurt them severely.
sr. member
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Gambling your money is already a type of risk; whatever you do with your money, whether you invest it or gamble it, it is a risk. You just need to be disciplined enough so you won't lose all the money you have. Rich or poor, you are just the same since they are gambling their own money. The difference is that the rich do have money, or we can say that he has a handful of money since he is rich. If he loses, then it is fine since he can still live a normal life because he is rich. 

It really depends on how he manages and how he gambles. If the rich person gambles a lot of money and doesn't think that when he gambles, in a matter of time he will be broke, the same goes for the poor gambler. Being poor, he should have priorities, like things he needs in order to live. If he ignores those priorities and continues to gamble the money that should not be gambled, then he is ruining his life. 

For me, it really depends on the person's mentality and how he gambles.
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The amount of money you start with does not matter,as long as you have a good bankroll management and you know your limits. Obviously a rich person can afford to play higher stakes, take more risks, and win more money but at the same time he has much more to lose on the long term because he's got so much money. A poor gambler can only lose the amount of money he has, which is little and even if he ends up losing everything it won't affect him that much. If a rich person ends up losing everything to gambling, that would be a disaster for them and their life. Therefore, both rich and poor gamblers should be careful to gamble and risk only the money they can afford to lose.
I agree with everything said apart from the part where you are of the opinion that the winning of the poor are small so it will not affect him as much as the winning of the rich. This statement is not correct and should even be the other way round. The poor might be gambling with almost everything he has even though it will appear small and insignificant but the rich might be gambling with just a little part of his money even though that may appear big and can even be what the poor targets to win. I think losses affect the poor more than the rich, hence the poor should be very careful how much of their limited capital is put into gambling.
that point in particular that meaning of the poor people is low why the winning of the rich people is high and if two of them loses who will think or who will have a depression based on the amount of money they use to play gambling, let me make it clear to you so that you can understand that what a poor man think that is big for him or her to lose will be the same equivalent to what a rich man think or woman think that will be easy for him or she to lose but when it comes off thinking based on the bigger amount of money used to gamble is the thing that will bring the higher amount of money that you receive when you win gambling, yes it is of Truth that the higher the money you staake the more profit you make in gambling it is very clear and don't understanding but the thing is that when a poor man lose the little amount of money that he used in gambling if the person feel at the price because they have small amount of money is high to him to lose it is applicable to a rich man who uses a big amount of money to gamble and lose and also think so both of them is equal where there is a different is done the higher the money you use in gambling we give you the higher money the lower the money you use will also give you the lower ratios of profit
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What the fuck are this, at least leave a description of what we are clicking, this could be misleading site and we ought to know what we are getting into when clicking those links.

Yes gambling behaves the same for everyone. There is no special exemption for anyone in gambling. so it will be equal risk for all  It depends on what percentage of their income is spent on gambling. The person who spends most of his income on gambling is at the highest risk and will suffer the most if he loses gambling regardless of whether he is rich or poor. So you must be very careful about money management in case of gambling.
We have to be careful while gambling because if we start gambling with too much focus on what we are playing then something bad can happen to us. Sometimes we have to stay away from gambling. If we ever win extra while gambling we  Lose all money in gambling. While gambling one should start gambling with little money and after some time stop gambling. We should never get addicted to gambling but always watch.
It is essential to approach gaming in a sensible and cautious manner. It's easy to get caught up in the excitement and thrill of it all, but keep in mind that it's a game of chance, and the house always has the advantage. I believe there are particular methods that may be used to promote responsible gaming. For example, there should be restrictions on how much someone may gamble in a specific time period, or there should be mandatory breaks after a set length of time.
A brake must be taken when gambling, otherwise he will lose everything at some point and then no possible prediction can be made by him. and when someone gambles for a long time, the site's algorithm can track his activity and if he falls into a scam site, he loses everything. Gambling is already high risk and the gambler always loses more than his gains so gambling should be used only for fun. In this case, it does not matter whether the gambler is rich or poor

Gambling in such a way that you want to gamble every day is such a bad habit and you could get yourself a gambling habit as well a lot of loses stacked up just because you can't control yourself. So yeah self control is a very good thing for anyone to have and taking breaks when we have much loses can help cool ourselves down a bit.
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