Rich or poor gambler, who should risk more? - page 21.

gunhell16

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Quote from: Lucasgabd on July 01, 2024, 11:08:54 AM

Quote from: nullama on July 01, 2024, 03:09:36 AM

Quote from: Lucasgabd on June 29, 2024, 09:31:22 AM

~snip~
one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

Knowing when to stop is the key factor in a gamblers life.

The gamblers that can stop are the ones that can enjoy their lives.

The ones that never stop actually end up in a very bad situation.

that's true
but then there are the ones who will not stop and will end up losing a lot but never gambling again and others that will lose but keep depositing and keep on trying it until they break themselves entirely
that is really sad

I can't say which of the two actually experiences more risk, as long as I know that they experience the same risk when they play any type of gambling, whether it's land-based or online. Because what rich and poor gamblers experience is really the same, and there is no difference in reality.

Because there is a chance that the rich face more losses than the poor gamblers, and there is also a chance that the rich have more luck than the poor gamblers, it seems like they just change the scenario in reality.

Accardo

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Quote from: Dr.Bitcoin_Strange on July 01, 2024, 08:26:34 AM

Quote from: DaNNy001 on June 20, 2024, 05:30:25 PM

Well don't be so certain about rich guys not actually understanding the bitterness that comes with losing their money on a spree of losses in gambling. One of the most irritating in gamble is to actually lose consistently in gambling and believe me even if you are a rich fellow you will definitely feel the heat and impact when it plays out for you and one thing I feel the rich guys have over the struggling gamblers is that they have means of replenishing even if they lose so that minimizes the effect of their lose.

You are right; no matter how rich someone is, they don't get happy about losses. Like we used to say, some people are gambling for fun and not primarily for making profit, while some people are only gambling to make profit, but no matter what it is, there's no one that feels very excited when losing. Whether a person is gambling for fun or not, whether the person is rich or not, they will always feel a bit sad or very sad if their prediction didn't play out successfully. So, when risking some funds in gambling, it should be an amount that the gambler can afford to lose. A rich man can risk more than the poor because he or she has a huge amount in their balance and also has other investments, while the poor have little investment and therefore need to wager according to their pocket size.

When a player is rich he'll become a high roller. Which signifies higher expenses or risks, but the results are also a fortune to the high roller. As he'd get himself a better win than the low rollers. Looking at the risk factors, if high rollers played like the low rollers they'll have lower chances of winning. The low rollers actually use little amount to bet on multiple games that will actually offer a huge amount in winning.

However, this pattern of gambling requires lots of participation and mistakes before the player would win. Contrarily the high rollers have high chances of winning because they only wager on few games. Low rollers also spend huge amount of money during their long journey of trial and error process.

hahay

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Quote from: Lucasgabd on July 01, 2024, 11:08:54 AM

Quote from: nullama on July 01, 2024, 03:09:36 AM

Quote from: Lucasgabd on June 29, 2024, 09:31:22 AM

~snip~
one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

Knowing when to stop is the key factor in a gamblers life.

The gamblers that can stop are the ones that can enjoy their lives.

The ones that never stop actually end up in a very bad situation.

that's true
but then there are the ones who will not stop and will end up losing a lot but never gambling again and others that will lose but keep depositing and keep on trying it until they break themselves entirely
that is really sad

So in essence, poor and rich will still have big risks in gambling but, when they are able to control themselves well not to get carried away by emotions and greed, then they will be able to avoid very bad results. Because it is clear, it doesn't matter whether they are poor or rich, because if they are not able to control themselves then they have the potential to lose everything to the point that they will experience destruction in their lives. So yes, at least in gambling it will only be appropriate and suitable for fun because if they become gambling as a source of income, then they will face bad moments because of the big losses experienced in gambling.

Lucasgabd

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Quote from: nullama on July 01, 2024, 03:09:36 AM

Quote from: Lucasgabd on June 29, 2024, 09:31:22 AM

~snip~
one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

Knowing when to stop is the key factor in a gamblers life.

The gamblers that can stop are the ones that can enjoy their lives.

The ones that never stop actually end up in a very bad situation.

that's true
but then there are the ones who will not stop and will end up losing a lot but never gambling again and others that will lose but keep depositing and keep on trying it until they break themselves entirely
that is really sad

Ruttoshi

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Quote from: bakasabo on June 21, 2024, 03:08:20 AM

Quote from: GigaBit on June 20, 2024, 02:08:31 PM

A rich gambler does not feel as much stress when he loses a bet as a poor gambler does. As a result the rich gambler can manage stress free gambling at any moment which is not easy for the poor. And one advantage for rich gamblers is that they don't want to get rich through gambling but most of the poor gamblers try to get rich quick. There are many poor gamblers who gamble away from their main job which is one of the reasons for their downfall. I believe that if poor people control their greed and gamble, then their gambling losses will be greatly reduced.

That would work if rich person makes small bets. What is worse, a poor person losing $10, or rich person loosing a million dollars? I think both of them would be disappointed, but the rich person would be more. Imo all people are equal, everyone are greedy, everyone always wants more. So if poor gambles to get rich, identically rich person gambles to become even more rich.

Some people say that rich person dont care much when they lose. If they do that, they wont be rich for a long time. Rich people also value money. Imo topic question is more philosophical. The same as discussing like who eats more, rich or poor? There will be lots of arguments for both sides.

If any of them either the rich or the poor did not gamble responsible by only staking with the amount of money that they can afford to lose, both of them will run at loss. The difference is that what a poor man will loss and complain a rich man might not, but if we use based on a fix percentage of their total income, the two of them will be affected by losses.

If a rich man is gambling for profit, he can get wrect and become poor same with a poor man. Losses is more when gambling. Addicted rich and poor man will be prone to losses.

Dr.Bitcoin_Strange

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Quote from: DaNNy001 on June 20, 2024, 05:30:25 PM

Well don't be so certain about rich guys not actually understanding the bitterness that comes with losing their money on a spree of losses in gambling. One of the most irritating in gamble is to actually lose consistently in gambling and believe me even if you are a rich fellow you will definitely feel the heat and impact when it plays out for you and one thing I feel the rich guys have over the struggling gamblers is that they have means of replenishing even if they lose so that minimizes the effect of their lose.

You are right; no matter how rich someone is, they don't get happy about losses. Like we used to say, some people are gambling for fun and not primarily for making profit, while some people are only gambling to make profit, but no matter what it is, there's no one that feels very excited when losing. Whether a person is gambling for fun or not, whether the person is rich or not, they will always feel a bit sad or very sad if their prediction didn't play out successfully. So, when risking some funds in gambling, it should be an amount that the gambler can afford to lose. A rich man can risk more than the poor because he or she has a huge amount in their balance and also has other investments, while the poor have little investment and therefore need to wager according to their pocket size.

GigaBit

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Quote from: LUCKMCFLY on June 20, 2024, 09:58:41 PM

Quote from: Dewi Aries on June 19, 2024, 02:00:40 PM

Simply put, whoever you are, rich or poor, you have the opportunity to win, but you also have the possibility to lose, the only difference between the two people is in terms of the amount of winnings because it is clear that rich people bet bigger amounts than other people. poor, but we must understand that rich people can also experience far greater losses than poor people.

Yes, in terms of profits they can be the same but not in amounts, a poor person will always have the option of wanting to continue playing but can't because his situation does not allow it, and the rich player can play as much as he wants and lose as much as he wants only at the end of the day I think he will not feel as much emotion, unless he is a really addicted person who can't stop playing, and that happens a lot and I have seen them in the casinos, and boy do they win a lot of money, money that at least I would use for many things, but rich players when they win they do it very big because they bet a lot of money and obviously the winnings are huge.

A rich gambler can take more advantage than a poor in terms of winnings and losses. Because when the poor gambler places a bet they will try to do so according to their ability. On the other hand, a rich gambler will bet more and thus his winnings will increase. The difference between rich and poor gamblers is quite noticeable. And if we count the winnings, the winnings of the rich and the poor will be almost the same. No rich gambler can increase his winnings. If a poor gambler bets $10 on a bet where a rich gambler bets $100, the rich gambler will win 9 times more than the poor gambler. In turn, if he wins, the rich gambler's bet will increase. The poor gambler, on the other hand, cannot change his financial situation much. As a result, the rich have more benefit in gambling than the poor.

nullama

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Quote from: Lucasgabd on June 29, 2024, 09:31:22 AM

~snip~
one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

Knowing when to stop is the key factor in a gamblers life.

The gamblers that can stop are the ones that can enjoy their lives.

The ones that never stop actually end up in a very bad situation.

Lucasgabd

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Quote from: Aanuoluwatofunmi on June 21, 2024, 01:14:12 PM

Even if we are not earning the money we are using for gambling, we cannot still expect to continue having to risk loosing our money each time on gambling, this is not because we are seeing it as a means of making money bit we have to also consider the way of our accuracy in what we do when gambling, gambling should not be seen as a game of risk because we should be playing it when we have the required financial resource of doing so.

one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

LUCKMCFLY

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Quote from: Stable090 on June 20, 2024, 01:12:56 PM

Quote from: Queentoshi on February 07, 2024, 02:35:11 AM

Gambling an activity for fun also has the chance to turn someone's fortune. Calculated risk when taken in gambling can be the way to big wins from gambling. Who do you think should take more risk in gambling?

Is anyone even supposed to risk more? If you are gambling, whether you are rich or poor, then you should have a gambling budget and never exceed it. You don’t expect who is rich and who is poor to gamble with the same amount of money. We should know that the amount that the rich person will gamble with won’t really have any effect on them, a poor person can’t really gamble with that amount of money, they don’t even have it, so maybe rich people spend more money on gambling than the poor, but the rich are not also supposed to exceed their limit, either poor or rich. The best thing is to have a gambling budget.

The amount of money, although it may sound a little strange, is a great strategy, but there are people who do not take such a thing into consideration, because most of them do not consider this when they enter a casino, whether physical or online, they only play until they consider it is nsufficient and that is very dangerous. In our case, who are in the photo due to our experience, we can say that if we allocate a budget to play in a casino, or money willing to lose, then yes, but those who do not have experience what they usually do is lose a lot of money , unless they are very Lucky and win , which is unlikely.

nara1892

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Quote from: Fredomago on June 22, 2024, 01:34:19 PM

Quote from: ethereumhunter on June 21, 2024, 08:22:23 AM

That's what we must avoids when playing gambling. We must have strict to limits our money that we used to playing gambling so we can control our losses not to becomes bigger. No matter if he is rich or poor, when he wants to playing gambling, he must have control of himself and his money. Maybe the rich can accepts the big lose in gambling because he realizes the big risks behinds of playing gambling.

But it's better to manage his money to playing gambling and have fun because there is no guarantee we can wins much money, no matters how much money we used to playing gambling. Both rich and poor gamblers must remember that they can only use gambling to have fun and always thinks about how they can prevents the risks will not becomes bigger.

Yup, in gambling the only sure thing is the house will have some edge against you, in terms of any assurance that you may win, that's going to be depends from how luck permits you and how good you are playing with luck, if you have that kind of mindset where you know how to use that chances ech time luck gave you some decent wins, if you know when to quit then you'll have a better chance to be compensated, though most are not.

It's a balance between entertainment and your money management, if you are good in both sides then chance is always possible.

That's right, because after all it is the casino that creates the game, which means they are the ones who organize everything behind the scenes or behind the game regarding the algorithms that are applied, and because of this, it makes sense to say that overall and in the long run it is only the casino that will always be superior. compared to gamblers. Those gamblers only get occasional wins, even if for example in large amounts, but it is the casino that profits in the long term and overall.

I will explain simply that gamblers do not have any guarantee or certainty in each gambling session to always win the game because in the long run only the casino has that advantage and as you said, the gamblers' winnings depend on how lucky they are at the time of the session. . So make sure to always be balanced in treating gambling, which, as you said, is to stop at the right time, the chance of winning is always there but the possibility of losing a larger amount depends on how a gambler treats his gambling activities.

fullhdpixel

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Quote from: madnessteat on June 22, 2024, 04:43:59 AM

When we want to know who is more risky we should consider the situation only within the gambling session and not take into account what happens after the gambling session is over. A poor gambler as well as a rich one can make money the very next day, so in my opinion it makes no sense to take this into account. The risks of any gambler depends only on risk management, the size of the deposit, bet and the rate of return to the player, which means that they are commensurate regardless of financial status.

I would guess that it depends on the moment, if you are rich at that moment then you are rich at that moment, if you are poor then you are poor. If you end up being rich thanks to gambling that doesn't impact your start, neither becoming poor because of gambling impacting the start, those are irrelevant and only results but when you are starting is more important.

All in all, I believe that we should be considering the situation as sensitive and not make anything changing, it is not going to matter too much. We should consider how to get better, and for that the amount of money we have at the start doesn't matter, if we know what we are doing and trying to keep it as just fun thing an entertainment, then we are going to be fine.

Fredomago

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Quote from: ethereumhunter on June 21, 2024, 08:22:23 AM

Quote from: Out of mind on June 20, 2024, 11:13:28 PM

At the end of the day, most people's accounts become zero. There is no difference between the rich and the poor. When a poor person deposits money in his account and a rich person deposits money in his account, when they both lose, their account balances become zero. But the difference is that the poor have a lot of difficulty in saving money later on they have to fast their income which becomes very difficult but not so difficult for a rich person. A poor person is very emotional when he loses, but there are many rich people who place bets just for fun. When rich people have zero balance in their account, they can deposit more money later, but a poor person takes too long to fill his account. So a poor person should not take such a big risk, but the rich are ready to take the biggest risk.

That's what we must avoids when playing gambling. We must have strict to limits our money that we used to playing gambling so we can control our losses not to becomes bigger. No matter if he is rich or poor, when he wants to playing gambling, he must have control of himself and his money. Maybe the rich can accepts the big lose in gambling because he realizes the big risks behinds of playing gambling.

But it's better to manage his money to playing gambling and have fun because there is no guarantee we can wins much money, no matters how much money we used to playing gambling. Both rich and poor gamblers must remember that they can only use gambling to have fun and always thinks about how they can prevents the risks will not becomes bigger.

Yup, in gambling the only sure thing is the house will have some edge against you, in terms of any assurance that you may win, that's going to be depends from how luck permits you and how good you are playing with luck, if you have that kind of mindset where you know how to use that chances ech time luck gave you some decent wins, if you know when to quit then you'll have a better chance to be compensated, though most are not.

It's a balance between entertainment and your money management, if you are good in both sides then chance is always possible.

madnessteat

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Quote from: EarnOnVictor on June 21, 2024, 05:30:04 PM

^

When we want to know who is more risky we should consider the situation only within the gambling session and not take into account what happens after the gambling session is over. A poor gambler as well as a rich one can make money the very next day, so in my opinion it makes no sense to take this into account. The risks of any gambler depends only on risk management, the size of the deposit, bet and the rate of return to the player, which means that they are commensurate regardless of financial status.

EarnOnVictor

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Quote from: nullama on June 20, 2024, 04:08:43 AM

Quote from: Dewi Aries on June 19, 2024, 02:00:40 PM

~snip~
Of course, if we talk about gambling then there will be no difference between rich and poor people in terms of opportunities, it is difficult to explain it in detail, but what is certain is that everyone has their own lucky times that can lead them to victory, rich and poor people still can win, but perhaps by a different amount.

But still the problem of who will win more often between rich and poor will never be known, the reason is clear because luck is something that can never be controlled which will only come by chance without you knowing, meaning there is no element consistency in terms of achieving victory.

Simply put, whoever you are, rich or poor, you have the opportunity to win, but you also have the possibility to lose, the only difference between the two people is in terms of the amount of winnings because it is clear that rich people bet bigger amounts than other people. poor, but we must understand that rich people can also experience far greater losses than poor people.

True, and at the end of the day rich and poor both can end up with zero in their accounts.

It doesn't really matter with how much you started if your ending balance is zero.

The difference might be that the rich person might have a larger buffer and stop before it's too late though.

That is a very good standpoint, but still, when the account becomes zero, the rich will still have much more to fall back on, but that may not be so easily said of the poor, especially if the poor doesn't use his senses so well while risking. From the onset, I do not take sides in the two categories, and this is because whether poor or rich, there is always a threshold limit where what you do financially could pinch you regardless of how rich you are.

So if this threshold limit is being careless about by either of the two, there is no way they will not feel it. Now, for the poor, the threshold limit could be just $20, while it could be $100,000 for the rich. So whether you are rich or you are poor, you should gamble wisely and calculatively and never allow your status to deceive you.

What am I saying in a nutshell? Of course, the rich will always risk more by volume and the poor risk less by volume, but in the end, the proportion of their risks often forces their feelings out regardless of their status (rich or poor). It is the difference in volume that usually blinds us.

madnessteat

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Quote from: GigaBit on June 20, 2024, 02:08:31 PM

A rich gambler does not feel as much stress when he loses a bet as a poor gambler does. As a result the rich gambler can manage stress free gambling at any moment which is not easy for the poor. And one advantage for rich gamblers is that they don't want to get rich through gambling but most of the poor gamblers try to get rich quick. There are many poor gamblers who gamble away from their main job which is one of the reasons for their downfall. I believe that if poor people control their greed and gamble, then their gambling losses will be greatly reduced.

I think you are deeply mistaken, because a rich gambler makes bets much higher than poor, because to cause him a sense of excitement need to risk not a dollar, but a hundred or even a thousand. Therefore, the statement that the rich gambler does not experience stress during the gambling session is a misconception. Any gambler experiences stress when he has something to risk. Otherwise, the meaning of gambling is lost.

Aanuoluwatofunmi

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Even if we are not earning the money we are using for gambling, we cannot still expect to continue having to risk loosing our money each time on gambling, this is not because we are seeing it as a means of making money bit we have to also consider the way of our accuracy in what we do when gambling, gambling should not be seen as a game of risk because we should be playing it when we have the required financial resource of doing so.

Dewi Aries

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Quote from: LUCKMCFLY on June 20, 2024, 09:58:41 PM

Quote from: Dewi Aries on June 19, 2024, 02:00:40 PM

Simply put, whoever you are, rich or poor, you have the opportunity to win, but you also have the possibility to lose, the only difference between the two people is in terms of the amount of winnings because it is clear that rich people bet bigger amounts than other people. poor, but we must understand that rich people can also experience far greater losses than poor people.

Yes, in terms of profits they can be the same but not in amounts, a poor person will always have the option of wanting to continue playing but can't because his situation does not allow it, and the rich player can play as much as he wants and lose as much as he wants only at the end of the day I think he will not feel as much emotion, unless he is a really addicted person who can't stop playing, and that happens a lot and I have seen them in the casinos, and boy do they win a lot of money, money that at least I would use for many things, but rich players when they win they do it very big because they bet a lot of money and obviously the winnings are huge.

Yups, for the matter of odds and possibilities they are the same but the only difference is in terms of the amount they get when they win or the amount they lose when they lose. True, as you said that poor people most likely have the desire to continue betting but the problem is that they don't have the ability due to their poor financial situation, meaning that rich people are superior in this regard.

On the other hand regardless of whether they are rich or poor if they have an impulsive approach to gambling then obviously the odds might not be much different or vice versa and the point is that there is no difference between the poor and the rich in terms of chances of winning and chances of losing because the only difference is in terms of the amount and the point is that rich or poor are always advised to only risk small amounts that they can afford to lose.

Lucasgabd

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Quote from: GigaBit on June 20, 2024, 02:08:31 PM

Quote from: Su-asa on June 19, 2024, 01:34:34 PM

Quote from: BITCOIN4X on June 19, 2024, 01:06:39 PM

Quote from: Lucasgabd on June 19, 2024, 11:10:56 AM

Quote from: maydna on June 18, 2024, 07:40:47 AM

~Snip

you have to be obsessed about risk
risk management is everything, really important stuff
gambling can take all you have, if you don't take care it's a really sad situation
you know what I mean?

many people don't consider it and imo it is so basic.

The average gambler understands the risks, but many of them fail to handle the risks well. Who is not aware that gambling can make you lose, but interest and greed have made most gamblers ignore this risk. There's something wrong about them, of course, and they're basically very hard to avoid once you're addicted.

In gambling, it doesn't take you long to spend millions of dollars in your account, in fact it can all be gone in a matter of minutes. So I can conclude that, all gamblers know and are aware of the risks, but they fail to implement and consider limiting themselves from greed.

The moment one fails to understand the risk in gamble, that's the beginning of loses, if the person have been losing all day long the losing rate increases by 2 or 3%. One who is rich might not understand what lose can cause untill he lose everything in bets. Few gamblers who have gambled with all their salaries and savings can testify a little about their experience in avoiding to know the importance of risking management and a responsible gambling life. Greediness makes average gamblers case their lose because they don't have much money.

A rich gambler does not feel as much stress when he loses a bet as a poor gambler does. As a result the rich gambler can manage stress free gambling at any moment which is not easy for the poor. And one advantage for rich gamblers is that they don't want to get rich through gambling but most of the poor gamblers try to get rich quick. There are many poor gamblers who gamble away from their main job which is one of the reasons for their downfall. I believe that if poor people control their greed and gamble, then their gambling losses will be greatly reduced.

I can bet a rich gambler will feel stressed if he bets all his money
again for me it's way more about percentages than absolutes
of course for the poor person it's much easier to consider losing 100% if all they have is 10 dollars, but excluding the tails on the high end and low end it's much better to think on relatives in this specific matter.

ethereumhunter

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Quote from: Out of mind on June 20, 2024, 11:13:28 PM

At the end of the day, most people's accounts become zero. There is no difference between the rich and the poor. When a poor person deposits money in his account and a rich person deposits money in his account, when they both lose, their account balances become zero. But the difference is that the poor have a lot of difficulty in saving money later on they have to fast their income which becomes very difficult but not so difficult for a rich person. A poor person is very emotional when he loses, but there are many rich people who place bets just for fun. When rich people have zero balance in their account, they can deposit more money later, but a poor person takes too long to fill his account. So a poor person should not take such a big risk, but the rich are ready to take the biggest risk.

That's what we must avoids when playing gambling. We must have strict to limits our money that we used to playing gambling so we can control our losses not to becomes bigger. No matter if he is rich or poor, when he wants to playing gambling, he must have control of himself and his money. Maybe the rich can accepts the big lose in gambling because he realizes the big risks behinds of playing gambling.

But it's better to manage his money to playing gambling and have fun because there is no guarantee we can wins much money, no matters how much money we used to playing gambling. Both rich and poor gamblers must remember that they can only use gambling to have fun and always thinks about how they can prevents the risks will not becomes bigger.

Topic: Rich or poor gambler, who should risk more? - page 21. (Read 9659 times)