Rich or poor gambler, who should risk more? - page 22.

junder

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Quote from: sompitonov on June 20, 2024, 07:26:25 AM

It is very dangerous for poor players to lose their last money, because they may not have enough to eat after these games. This indicates that the risk was taken incorrectly; it was excessively exceeded. Before playing, they don’t think that they will lose and this is the biggest mistake, why everyone always thinks that they will win, this is not the correct thinking of the players, on the contrary, they should prepare for the worst case scenario for themselves, so that later they do not have to look for a way out after the fact.

The rich can afford to lose, but they will not cross the line after which they will have nothing to eat, because their assets are basically distributed and in order to achieve them they will need to make requests to banks or sell real estate, and this will take days and weeks, which allow them to cool down and stop this action.

Sometimes poor people usually gamble when they only have the last bit of money and their goal of gambling is of course to be able to win which is to improve the financial situation of those who don't have much money. But of course the actions they take will most likely only result in the loss of their money, but they will be very lucky if they can win with the last money they bet. Indeed, basically every gambler when they are going to gamble definitely thinks they will win, I don't know why, but in my opinion that is something they definitely think about when they are going to gamble. It's true what you said, they should be able to think about the risks that will occur so that they know what to do when they experience something undesirable.

Those who are rich will most likely not worry when the money they bet on is lost in gambling because I think they already know that if they gamble, of course the money they bet will be lost and that is a normal thing to happen. Maybe they still have money saved in the bank or as you mentioned. When I'm rich, of course I will first save some of the money I have just in case, and being rich doesn't mean I can gamble freely, there still have to be limits.

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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.

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.

Out of mind

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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.

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.

LUCKMCFLY

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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.

STT

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Rich is only when you have a regular source of income, a person who can gamble it all and become poor in a short period of time was never really rich imo. If you are vulnerable to losses and will become poor that easily then you were just lucky momentarily.

Rich is owning enough regular income you can gamble at ease and know next month you will be 'rich' again. This is what determines smart money because most who are rich and stay rich know its easy to become poor again so they invest and pay off bills which will bring them down otherwise.

Rich or poor same advice always applies never risk more then you can afford to lose. Winning the game should matter more because if you can with confidence win it once you can repeat that success with your winnings tomorrow, no need to risk it all.

I_Anime

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

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.

that is the reason both cant take irrelevant, because no matter are rich one claim to be, if one by any chances continue to lose in gambling consistently he or she will definitely fee impact, most time some losses are easy to move on and leave especially when one make use of money he or she can easily risk. and one thing we should be aware of is just as one can hit the jackpot, and change his life for the better that is how most can same time hit losses that will definitely reckt them

DaNNy001

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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.

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.

Huppercase

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

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.

Obsession to make money by all means is the reason why many of gamblers fall into lose each time they bet. If you gamble everyday, there should be some things you will learn from gambling that you can utilize to win at least a single game that can make money for all losses the have made in gambling but because they prioritize money over anything, there sense doesn't give them a logical ways to think outside the gambling strategies they have been using.

Rich person or poor person, loss isn't negligible by anyone but the person that complained the most are the poor before because they gamble more and expect much and I was told that too much expectations from something you have no idea about will disappoint you if it doesn't go as you plan. Risk the little you think you can afford to lose, that's the only way to beat disappointment and one thing about this is that even when you win, you will have sense to make more right decisions instead of wasting that on other games when it's all going to be losses.

Wakate

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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.

I believe poor gamblers do not always have the funds to gamble too much because they might not have the resources to keep them gambling for the whole day. The rich are gambling more and something they may choose to take some rest because they might have lost severe or win huge profits that could make them to relax and chill for the next round. Although anyone can gamble the way they like. If we don't gambling too much, then what about others? Gambling is a form of making extra cash that is why we keep seeing both the rich and the poor playing bets because everyone wants to make money and add to the ones they have already.

LDL

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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 totally agree with your reasoning because a poor gambler usually faces a lot of tough challenges to manage his gambling money but a rich gambler doesn't have to face any difficult situation to manage his gambling money. Since a rich gambler does not have to face any difficult situation to manage his gambling money very easily, he has no mental stress in gambling. Since mental stress plays a very important role in gambling, it is natural that the rich gambler will be far ahead of the poor gambler in this aspect. Where the poor gambler has to struggle to support his family, how can he gamble without mental stress.

GigaBit

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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.

Stable090

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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.

carlfebz2

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Quote from: sompitonov on June 20, 2024, 07:26:25 AM

Quote from: junder on June 20, 2024, 06:53:22 AM

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

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.

I think gamblers are aware of the risks of gambling, but they cannot handle these risks well, so they often follow their desires which can lead them to greater losses. I think all gamblers are aware of this, whether they are rich or poor gamblers, but if they both can't handle the risks well then they are the same, when this has become a habit it will certainly become an addiction whether the person is rich or poor. , so I think it's the same for poor people or rich people if they can't handle risks that they actually know about. This is more on each individual, because if they can handle the risks I don't think they will experience big losses or experience big risks.

Apart from that, even though rich people have more freedom to place bets because they have enough money so they can bet without hesitation, that doesn't mean they are safe. In fact, I think rich people might be said to take more risks, but they don't mind it when their bets end in disappointment. because they feel they still have enough money to go back to betting, with poor people I think they take the risk with the wrong thinking, where they hope their gambling can result in a win until when they lose there are thoughts that encourage them to gamble again.

It is very dangerous for poor players to lose their last money, because they may not have enough to eat after these games. This indicates that the risk was taken incorrectly; it was excessively exceeded. Before playing, they don’t think that they will lose and this is the biggest mistake, why everyone always thinks that they will win, this is not the correct thinking of the players, on the contrary, they should prepare for the worst case scenario for themselves, so that later they do not have to look for a way out after the fact.

The rich can afford to lose, but they will not cross the line after which they will have nothing to eat, because their assets are basically distributed and in order to achieve them they will need to make requests to banks or sell real estate, and this will take days and weeks, which allow them to cool down and stop this action.

One of the main cons of gambling specially into those poor people who would really be tending to engage with it. Yes, some saying about they would really be just that losing a small amount of money but come to think about into their financial standing on which it would really be that so hard for them to sustain considering that they would really be needing to survive on day to day living. Whereas, if you do compare into those people who are rich then it would really be just that normal that they could really be that easily to recover since they do still have the finances that they could really be able to provide on.
On the moment that they would really be tending to continue on playing and losing then this is where things turns out to be messy but this would really be that unlike into those people
who are really that poor which it would really be that directly making their lives even way more miserable.

Dewi Aries

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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's right, that's the point, we've found an answer that I think is an answer that really makes sense to digest in the sense that rich or poor still a gambler can end up with a zero balance in their account as you said, meaning that there is indeed no difference in terms of the chances of winning and the possibility of losing.

In the end it depends on how well they manage and control their gambling activities, we can see how the fate of someone who is already addicted, they cannot control themselves and manage their gambling activities according to their abilities, and all of that is caused by many factors, whether it's because they have a wrong understanding of gambling that makes them take or make various actions and decisions that always lead to a greater possibility of disaster, or other things regardless of whether you are rich or poor. This means that your fate in the future depends on the decisions you make today, and for the rich, as you said, they may be a little lucky because they have a better financial situation than the poor, where even if they have run out of money, they still have many ways to survive.

Lucasgabd

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There's no need to be upset

Quote from: Hispo on June 19, 2024, 11:47:36 AM

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

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

Quote from: JahriMeayer on June 17, 2024, 06:55:18 PM

🍑

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.

Funny thing about risk management is how basic and common is in our daily life, that people do not even realize they all do risk management each day with each choice they take. Risk management is not only about trading or gambling only. It can be also applied to driving, food, actions taken at one's work place... etc. It just happens to be more explicit in casinos and exchanges.

By the way, I have not heard about "risk obsession" before, I know there are people who are so-called thrill seekers, but I highly doubt we are talking about people in the same category. Being obsessed to take risks sounds rather like commiting acts of recklessness non-stop.

that's true
you look at both sides before crossing
you don't eat something that can be poisoneous
you light a lighter but you don't burn your house down

when I say obsessed about risk I'm reffering to being obsessed to managing risk
different different

sompitonov

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Quote from: junder on June 20, 2024, 06:53:22 AM

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

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.

I think gamblers are aware of the risks of gambling, but they cannot handle these risks well, so they often follow their desires which can lead them to greater losses. I think all gamblers are aware of this, whether they are rich or poor gamblers, but if they both can't handle the risks well then they are the same, when this has become a habit it will certainly become an addiction whether the person is rich or poor. , so I think it's the same for poor people or rich people if they can't handle risks that they actually know about. This is more on each individual, because if they can handle the risks I don't think they will experience big losses or experience big risks.

Apart from that, even though rich people have more freedom to place bets because they have enough money so they can bet without hesitation, that doesn't mean they are safe. In fact, I think rich people might be said to take more risks, but they don't mind it when their bets end in disappointment. because they feel they still have enough money to go back to betting, with poor people I think they take the risk with the wrong thinking, where they hope their gambling can result in a win until when they lose there are thoughts that encourage them to gamble again.

It is very dangerous for poor players to lose their last money, because they may not have enough to eat after these games. This indicates that the risk was taken incorrectly; it was excessively exceeded. Before playing, they don’t think that they will lose and this is the biggest mistake, why everyone always thinks that they will win, this is not the correct thinking of the players, on the contrary, they should prepare for the worst case scenario for themselves, so that later they do not have to look for a way out after the fact.

The rich can afford to lose, but they will not cross the line after which they will have nothing to eat, because their assets are basically distributed and in order to achieve them they will need to make requests to banks or sell real estate, and this will take days and weeks, which allow them to cool down and stop this action.

Fredomago

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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.

Correct, because of that buffer and mishandling of their finances rich gamblers can exceed a lot though it is a case to case experienced as there are rich gamblers who knows how to stop a kind of disipcline which they adopt from how they play with their wealth, same thing with poor gamblers, there are many who over exceed from their capabilities to the point that they are risking amount of money which is allocated to their family but because of mishandling their finances they lose it all while playing.

junder

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

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.

I think gamblers are aware of the risks of gambling, but they cannot handle these risks well, so they often follow their desires which can lead them to greater losses. I think all gamblers are aware of this, whether they are rich or poor gamblers, but if they both can't handle the risks well then they are the same, when this has become a habit it will certainly become an addiction whether the person is rich or poor. , so I think it's the same for poor people or rich people if they can't handle risks that they actually know about. This is more on each individual, because if they can handle the risks I don't think they will experience big losses or experience big risks.

Apart from that, even though rich people have more freedom to place bets because they have enough money so they can bet without hesitation, that doesn't mean they are safe. In fact, I think rich people might be said to take more risks, but they don't mind it when their bets end in disappointment. because they feel they still have enough money to go back to betting, with poor people I think they take the risk with the wrong thinking, where they hope their gambling can result in a win until when they lose there are thoughts that encourage them to gamble again.

klidex

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

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.

It is important for someone to understand how to organize risk management so that they do not experience huge losses and lose everything. Even rich gamblers and poor gamblers really need to implement risk management because they both lose their money. Even though rich gamblers feel more lost when they experience losses the big, while poor gamblers without needing to lose much money they have felt the loss even with their limited money, if one understands the risks they will definitely not experience excessive losses they will limit spending as best as possible.

Sometimes a person really needs to feel first what an excessive loss is and regret it before they share their very meaningful experience with other gamblers so that other gamblers learn a lot from those who have experienced the sweet and bitterness of gambling, besides that they can also learn from mistakes. Managing finances as best as possible when gambling is very important so that it does not affect our daily lives.

nullama

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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.

Topic: Rich or poor gambler, who should risk more? - page 22. (Read 9659 times)