Rich people can risk more but I don't think that it's a necessary thing for them to do anyway, there's no way that it's a good idea to risk more and it's a bad idea if a poor person that's already trying to make the ends meet risk more money than they should so there's really only one choice here. It's a hypothetical situation anyway so to everyone that didn't catch the drift here, make sure not to be too risky with your plays especially if you're putting a lot of money make it worth it and make sure that you still play for fun even if you've got a strong desire to win.
And that is the reason that they keep making money. They are ready to take risks at all levels, and that is how to become rich and make more money, but for a normal, average person, all they care about is how to manage money and how they will not lose their money. That is one of the strategies that they are using, and the average person is not getting it at all and not taking risks. I know that when it comes to situations like this, it is always difficult for the poor to make ends meet. They will be like, What if they use the money for something else? Gambling has been lucky there is no way you won't lose money, so just do it the way it is for trading and manage your emotions. That is also how you are supposed to manage your emotions when it comes to gambling. The choice of taking a risk is there to be decided. 
Topic: Rich or poor gambler, who should risk more? - page 26. (Read 4500 times)
For someone to be rich, the person must have achieved so many things of life that he ought to have achieved and when you talk about taking financial risk, I expect the rich to take more risk than the poor man because even if he loses, the rich will better manage the consequences of the their losses than the poor. In gambling, a poor man isn't supposed to take huge risks in his gambling activities in other not to remain poor all his life because the more he losses his money, the more he'll try to get it back by gambling more which might likely make him become a gambling addict.
not really
sometimes you're rich because you're born rich and you had to do nothing for that, but your ancestors did
that's why the game is not getting rich but remaining rich
each person starts in a different moment and a different situation in the playing field
you can get a lot of money but it takes intelligence and discipline to keep it.
That is how you get horror stories of people that had their life resolved when it comes to money matters before they were even born, and then they find themselves penniless and with no idea of how to keep their expenses down or how to earn a decent salary thanks to their skills, as they have none.
this reminds me of a headline I saw this days saying that Bill gates' children will only receive 50 million usd each, less than 1% of Bill's total money
because having huge sums wouldn't be necessary and would remove from them the possibility of pursuing it
on Atlas Shreded, Francisco D'anconia also mentions it, the idea that for someone to receive their heritage they should be able to generate at least that same amount by themselves.
For someone to be rich, the person must have achieved so many things of life that he ought to have achieved and when you talk about taking financial risk, I expect the rich to take more risk than the poor man because even if he loses, the rich will better manage the consequences of the their losses than the poor. In gambling, a poor man isn't supposed to take huge risks in his gambling activities in other not to remain poor all his life because the more he losses his money, the more he'll try to get it back by gambling more which might likely make him become a gambling addict.
not really
sometimes you're rich because you're born rich and you had to do nothing for that, but your ancestors did
that's why the game is not getting rich but remaining rich
each person starts in a different moment and a different situation in the playing field
you can get a lot of money but it takes intelligence and discipline to keep it.
That is how you get horror stories of people that had their life resolved when it comes to money matters before they were even born, and then they find themselves penniless and with no idea of how to keep their expenses down or how to earn a decent salary thanks to their skills, as they have none.
But still, they can't drag this with the rich, the rich are rich and they have enough money to gamble and even waste. You may call it squandering or anything, regardless, one thing that is certain is that they have it in multiples, so they are the ones who bet more in volume when it comes to the amount they bet with, and I know that casinos will be praying to have more rich players and not the poor ones. That's just subjective as well because this is so different from consistency, and when it's about consistency in gambling, I will not take either side but view it based on individuality with the budget, plan and personality as some of the factors to consider.
~snip~
The rich gamblers are the person who play the gambling for the entertainment,most of the rich gamblers had their own money from the regular sources like business.So they choose the gambling for the entertainment,the emotional decision doesn’t have any role in the game.Because they won’t hurry up to the game winnings,So they won’t take any risk in the gambling site.The rich gamblers can easily get the knowledge about the gambling games using their money,but the each dollars was important to the poor gamblers.So they never take any money risk in the gambling site,when that money was most important one for them in other purposes.
Rich people can risk more but I don't think that it's a necessary thing for them to do anyway, there's no way that it's a good idea to risk more and it's a bad idea if a poor person that's already trying to make the ends meet risk more money than they should so there's really only one choice here. It's a hypothetical situation anyway so to everyone that didn't catch the drift here, make sure not to be too risky with your plays especially if you're putting a lot of money make it worth it and make sure that you still play for fun even if you've got a strong desire to win.
For someone to be rich, the person must have achieved so many things of life that he ought to have achieved and when you talk about taking financial risk, I expect the rich to take more risk than the poor man because even if he loses, the rich will better manage the consequences of the their losses than the poor. In gambling, a poor man isn't supposed to take huge risks in his gambling activities in other not to remain poor all his life because the more he losses his money, the more he'll try to get it back by gambling more which might likely make him become a gambling addict.
not really
sometimes you're rich because you're born rich and you had to do nothing for that, but your ancestors did
that's why the game is not getting rich but remaining rich
each person starts in a different moment and a different situation in the playing field
you can get a lot of money but it takes intelligence and discipline to keep it.
That is how you get horror stories of people that had their life resolved when it comes to money matters before they were even born, and then they find themselves penniless and with no idea of how to keep their expenses down or how to earn a decent salary thanks to their skills, as they have none.
On the time that you are already chasing profits or longing for profits then this is where issues been raised on.
For someone to be rich, the person must have achieved so many things of life that he ought to have achieved and when you talk about taking financial risk, I expect the rich to take more risk than the poor man because even if he loses, the rich will better manage the consequences of the their losses than the poor. In gambling, a poor man isn't supposed to take huge risks in his gambling activities in other not to remain poor all his life because the more he losses his money, the more he'll try to get it back by gambling more which might likely make him become a gambling addict.
not really
sometimes you're rich because you're born rich and you had to do nothing for that, but your ancestors did
that's why the game is not getting rich but remaining rich
each person starts in a different moment and a different situation in the playing field
you can get a lot of money but it takes intelligence and discipline to keep it.
That is how you get horror stories of people that had their life resolved when it comes to money matters before they were even born, and then they find themselves penniless and with no idea of how to keep their expenses down or how to earn a decent salary thanks to their skills, as they have none.
Indeed, poor gamblers do not have as much money as rich gamblers, but many poor gamblers continue their gambling games because they think that gambling is a way to change their lives for the better by winning their gambling games. Many of them are pinning their hopes on gambling games, including those who are used to gambling and want to win big. Perhaps they can only bet with small money, but they will continue to do so when they have money because there is still a desire to get big wins from gambling. Poor gamblers don't think about the risks they will face from gambling because they only think about how to get their big win. And that is why perhaps we still see many poor gamblers who often gamble without even trying to reduce their gambling activities.
The rich gamblers are the person who play the gambling for the entertainment,most of the rich gamblers had their own money from the regular sources like business.So they choose the gambling for the entertainment,the emotional decision doesn’t have any role in the game.Because they won’t hurry up to the game winnings,So they won’t take any risk in the gambling site.The rich gamblers can easily get the knowledge about the gambling games using their money,but the each dollars was important to the poor gamblers.So they never take any money risk in the gambling site,when that money was most important one for them in other purposes.
What is the main reason you say poor people take higher risks than rich people? In fact, they are at the same risk of bankruptcy, if in games rich people tend to use big bets and poor people tend to use small bets, so what differentiates them?
For me, they only differ nominally when gambling
People should only bet those amounts which a person can afford to lose. In this case, those who are rich might have more funds to afford to lose than poor people. So, in general, it might not be wrong if we say that rich people can bet higher than poor people. For me, they only differ nominally when gambling
does this mean a poor gambler should continue to play it safe in gambling? With no risk, how can a poor gambler change their fortune in gambling?
what the poor gambler should do is quit gambling and prioritize what's important. gambling is not a priority, making a fortune from gambling is going to happen to everyone and more often than not you will end up losing rather than winning, If you do win, it is not a guarantee that it is life-changing.not really
sometimes you're rich because you're born rich and you had to do nothing for that, but your ancestors did
that's why the game is not getting rich but remaining rich
each person starts in a different moment and a different situation in the playing field
you can get a lot of money but it takes intelligence and discipline to keep it.
Some times the difference is the fact that the poor doesn't have that much to risk and that's why it would want to look like that which the poor is risking is small but is we should look at it by the percentage of their worth it may turn out that the poor are even risking more because since their funds is small, a percentage of it could mean their betting bankroll.
The money was the difference between the rich and poor gamblers.The poor don’t have money to play for the huge game,but the rich eligible to play more often with the holding money after the loss.If the poor gamblers had 50$,he will do gambling for the 10-20$.If the rich gamblers had 1000$,he can able to play the game with all the holding 1000$.Because the rich gamblers will generate money from regular business.
In my opinion, this is not at all different between rich people and poor people because the risks are basically the same. Even though rich people will remain calm and will not experience difficulties when they lose at gambling, poor people will definitely have difficulties and can even immediately experience difficulties when they lose at gambling. So I think that's the small difference between a rich person and a poor person who loses a gambling bet at the same place.
But don't you think weather remaining calm either as a poor or rich person is a product of how much such individual gambled it, because you just can't expect a rich man who earns $1000 monthly and gambled $10 on a bet and lost it to worry, unlike a poor man who earns $50 monthly and then went and gamble same $10 not to be madly worry about his lose, because just as $10 is 1% of $1000, if the same poor man gambles same 1% of his income, which is $0.5 and lost it.. Do you think such poor man will be angry?This is why, one needs to make sure that they aren't spending more money than they can afford to lose on their gambling activities just to create problems in their life. Who would want to create unnecessary problems in their life when there are already so many things to cause problems?
Some times the difference is the fact that the poor doesn't have that much to risk and that's why it would want to look like that which the poor is risking is small but is we should look at it by the percentage of their worth it may turn out that the poor are even risking more because since their funds is small, a percentage of it could mean their betting bankroll.
The money was the difference between the rich and poor gamblers.The poor don’t have money to play for the huge game,but the rich eligible to play more often with the holding money after the loss.If the poor gamblers had 50$,he will do gambling for the 10-20$.If the rich gamblers had 1000$,he can able to play the game with all the holding 1000$.Because the rich gamblers will generate money from regular business.
The Rich gamblers if they should risk the same percentage some poor risk on gambling, I'm very sure a few of the rich gamblers may go bankrupt Sooner than they can imagine, but because this poor gamblers some times are just desperate and want to just make money gambling, they do not even consider this that much they just keep gambling till they finally exhaust their bankroll then they return to the casino the next day on a new bankroll, both rich and poor should always try to make sure they don't risk more than they can afford to lose so they can be on the safe side of gambling.
The rich gambler will become a poor if they keep on doing the gambling with random betting.The rich gamblers had a advantage of recovering the loss from the balance money in the wallet.But the poor gamblers will keep look for the next game and sometimes they took loan for next gambling game.
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Yes, but the poor can lose everything, and it will be less in absolute terms than the rich. Therefore, a poor person can afford to lose a lot and his life will not change radically after this. The most important point here is that the poor must have at least minimally basic needs covered. I have no doubt that in 1 or 2 years he will be able to earn money for himself again and he will most likely return to the game to try to change his life again if luck chooses him. A rich person will need much more time if he loses so much that he will only have time for basic needs. He will have to rebuild the business or invest again, and this will take 5 or 10 years, or maybe more. In general, I am at great risk, there is nothing good in my opinion, whether the player is poor or rich.
Definitely not true. You are considering only the literal value of the bankroll between the poor and rich that’s why your idea turns out like this. But a 100$ of poor is almost equivalent to 1M of rich if both this amount is equal percentage to their total money in their savings.
So there’s no way a poor can still be in good if he lose all of his money even though it’s small in value because that’s everything for him. A million dollar lose of a millionaire with a billion dollar funds is not that painful compared to a poor losing 100$ while it’s his last piece of his money since his salary is too low to save anything big.
That's the only difference? Isn't it the same thing that is risky for poor gamblers because they don't have big finances like rich gamblers so this really affects them because they might have difficulty managing their finances. While rich gamblers like you said they are calmer because the expenses used for gambling are not too influential because they still have a lot of money, the risk is that if they spend too much money on gambling they will go bankrupt but if they use it appropriately then it is not too risky for rich gamblers.
Some times the difference is the fact that the poor doesn't have that much to risk and that's why it would want to look like that which the poor is risking is small but is we should look at it by the percentage of their worth it may turn out that the poor are even risking more because since their funds is small, a percentage of it could mean their betting bankroll.The Rich gamblers if they should risk the same percentage some poor risk on gambling, I'm very sure a few of the rich gamblers may go bankrupt Sooner than they can imagine, but because this poor gamblers some times are just desperate and want to just make money gambling, they do not even consider this that much they just keep gambling till they finally exhaust their bankroll then they return to the casino the next day on a new bankroll, both rich and poor should always try to make sure they don't risk more than they can afford to lose so they can be on the safe side of gambling.
snip
Poor people have different views about gambling as they think that it is the last option for them to improve. Even though they only have a small income, they still manage to spend money on gambling. It is an unfortunate decision but I understand them because even if they work hard, it won't change their status instantly. But having tried into gambling, if they are too lucky, this would change everything. It was just believing into a very slim chance in life but who knows? Their decision looks so wrong but can't judge them either as they also have reasons of doing this. I think this is irresponsibility with a certain amount of laziness and a feeling of helplessness as well. If we can't blame them for wasting whatever little money they have, who will take the blame?
Of course we can't blame the poor people for wishing to have an abundant life. We can't blame them for dreaming to have a nice house, a car, good food, regular vacation, etc. I also dream of that kind of life.
But if you want everything to happen in an instant, and in the process don't send your children to school because instead of giving them pocket money you use it to buy lottery tickets, you are irresponsible. You may say it is for them that you badly want to have a nice life, but you are doing it wrong.
Aren't slot games also luck-dependent, right? Even if it's just a newbie who enters here when they are lucky, they can immediately experience a big win when they bet a large amount, and they will be lucky in gambling.
Slot games don't need skills either, right? Because if you just bet, then it will roll out the game while you watch it if you win or lose,
isn't that right?
That's the only difference? Isn't it the same thing that is risky for poor gamblers because they don't have big finances like rich gamblers so this really affects them because they might have difficulty managing their finances. While rich gamblers like you said they are calmer because the expenses used for gambling are not too influential because they still have a lot of money, the risk is that if they spend too much money on gambling they will go bankrupt but if they use it appropriately then it is not too risky for rich gamblers.
Some times the difference is the fact that the poor doesn't have that much to risk and that's why it would want to look like that which the poor is risking is small but is we should look at it by the percentage of their worth it may turn out that the poor are even risking more because since their funds is small, a percentage of it could mean their betting bankroll.The Rich gamblers if they should risk the same percentage some poor risk on gambling, I'm very sure a few of the rich gamblers may go bankrupt Sooner than they can imagine, but because this poor gamblers some times are just desperate and want to just make money gambling, they do not even consider this that much they just keep gambling till they finally exhaust their bankroll then they return to the casino the next day on a new bankroll, both rich and poor should always try to make sure they don't risk more than they can afford to lose so they can be on the safe side of gambling.
In my opinion, this is not at all different between rich people and poor people because the risks are basically the same. Even though rich people will remain calm and will not experience difficulties when they lose at gambling, poor people will definitely have difficulties and can even immediately experience difficulties when they lose at gambling. So I think that's the small difference between a rich person and a poor person who loses a gambling bet at the same place.
But don't you think weather remaining calm either as a poor or rich person is a product of how much such individual gambled it, because you just can't expect a rich man who earns $1000 monthly and gambled $10 on a bet and lost it to worry, unlike a poor man who earns $50 monthly and then went and gamble same $10 not to be madly worry about his lose, because just as $10 is 1% of $1000, if the same poor man gambles same 1% of his income, which is $0.5 and lost it.. Do you think such poor man will be angry?But not doing that means that such is gambling with the amount of money he can afford to lose, and this also means that there is less hassle and desperation to gambling and making money through it, which is the best practice that can make gamblers stay responsible and also not get addicted to it. But for the poor who earn less and gamble more, it is an issue, there is no way such will not want to make money through gambling by all means (desperation), and that mindset alone is enough to kill the account of the gambler and make him reckless at the same time. Above all, since the rich will make more money than the poor and still have enough to fall back on when they lose, they will always have a better mindset towards gambling, and hence, better gamblers than the poor in my opinion.
In my opinion, this is not at all different between rich people and poor people because the risks are basically the same. Even though rich people will remain calm and will not experience difficulties when they lose at gambling, poor people will definitely have difficulties and can even immediately experience difficulties when they lose at gambling. So I think that's the small difference between a rich person and a poor person who loses a gambling bet at the same place.
But don't you think weather remaining calm either as a poor or rich person is a product of how much such individual gambled it, because you just can't expect a rich man who earns $1000 monthly and gambled $10 on a bet and lost it to worry, unlike a poor man who earns $50 monthly and then went and gamble same $10 not to be madly worry about his lose, because just as $10 is 1% of $1000, if the same poor man gambles same 1% of his income, which is $0.5 and lost it.. Do you think such poor man will be angry?But not doing that means that such is gambling with the amount of money he can afford to lose, and this also means that there is less hassle and desperation to gambling and making money through it, which is the best practice that can make gamblers stay responsible and also not get addicted to it. But for the poor who earn less and gamble more, it is an issue, there is no way such will not want to make money through gambling by all means (desperation), and that mindset alone is enough to kill the account of the gambler and make him reckless at the same time. Above all, since the rich will make more money than the poor and still have enough to fall back on when they lose, they will always have a better mindset towards gambling, and hence, better gamblers than the poor in my opinion.
What is the main reason you say poor people take higher risks than rich people? In fact, they are at the same risk of bankruptcy, if in games rich people tend to use big bets and poor people tend to use small bets, so what differentiates them?
For me, they only differ nominally when gambling
In my opinion, this is not at all different between rich people and poor people because the risks are basically the same. Even though rich people will remain calm and will not experience difficulties when they lose at gambling, poor people will definitely have difficulties and can even immediately experience difficulties when they lose at gambling. So I think that's the small difference between a rich person and a poor person who loses a gambling bet at the same place.For me, they only differ nominally when gambling
The only issue on here is that the more the money that they could spend then the deeper the losses on which it comes worst then it would really be that ending
for you to be totally wrecked up. Actually there's no exemption when it comes on getting those huge losses in gambling. This is why it would really be that best that you should
really know on when to stop and having those limitations and those moderation when you do gamble because once you do lost that control then you would be ending up
miserable in gambling.
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