Topic: Rich or poor gambler, who should risk more? - page 27. (Read 9659 times)

If they can use their mindset and common sense properly then I think it is unlikely for them to make such a decision, or I mean it is unlikely for them to make gambling a place to earn, because if you think logically and from a rational point of view then you will find that the idea of earning in gambling will never seem reasonable, because surely you will think that gambling is nothing more than a game of probability that has absolutely no guarantee and certainty to always be able to earn so it clearly means that the results at the end of the session will be random and can never be what we want. '

In addition, there is always the possibility of risk that can occur at any time when someone is away from the name of luck, but yes in fact we can see that there are still many gamblers who try to make gambling a place to earn by realizing the chances of winning into reality, and yes I agree that rich people mostly make gambling a place of pleasure and not a place to earn.

Yes, that will makes us lose our money without have a chance to makes money and that losses will becomes big if you still not realizes what happens to you. I have that experienced before so I don't wants to have the same experience again and I am trying to learn self control more than before. The house will wins and we can't do anything except waiting for our turn to wins but not for wins big money.

The thrill of the game can tempts us to keeps playing gambling without stops gambling and that's the reason why we can lose more money. Many people doesn't see this as a problems because they feels that they can gets their money back by winning the games. But the truth is they will still difficult to gets the money. Rich or poor gamblers doesn't have to risks more, especially if they wants to limits their gambling activity as they knows the risks and consequences of playing gambling.

Rich and poor gamblers have the same risks so they must have control themselves when they playing gambling to avoids the big lose. No matter if that's difficult, they must control because that's the only chance to avoids the lose and they can still enjoy their time to playing gambling. People who gets the bigger risks are people who can't control themselves in gambling and still use more money to gambling and they will gets the bigger risks. But people who can control themselves will not see the risks becomes bigger because they knows how to holds themselves in gambling. They only wants to enjoy playing gambling using limits money and will not chase the wins because they knows that's difficult for them. If poor gamblers can knows about this and can limits themselves, they will not lose much money and they can still playing gambling in the other days.

I completely agree with you. Trying to get rich quick through gambling can be very dangerous for people who are already struggling. Poor people are mostly tempted by promise of easy money but they end up losing even more and getting stuck in cycle of addiction and financial problems. Gambling can be very hard to stop and people may keep trying to win back what they lost even if it means losing even more. Rich people who can afford to gamble do so responsibly and don't rely on it to make living. This shows how important it is to address root causes of poverty and provide help and education to break cycle of gambling addiction.

The poor people want to become rich and they think they can get their quickly by gambling but they end up losing more money than they thought they will be winning, many people are getting frustrated daily because they are not succeeding at gambling and they cannot stop gambling instead they are trying to win back their losses. Gambling has an addiction effect and those that get addicted find it very hard to stop gambling in spite of all the negative feedback that they are getting from gambling like losing their money and self respect. I think the poor people are those that are gambling more and spending more money in gambling and this is why they are still very poor. The rich people  are also gambling but since they do not depend on gambling for making money, they are not always gambling.

I agree that addiction can make a rich person go broke but regarding your first affirmation, the KYCed websites could screen participants if they want... not sure if this is the best solution anyway

Have you heard about Dostoevsky too?
great author, amazing books, had a gambling problem, when he got his advancement to write "the idiot" he lost it all in the casino and had to find a way to get money to finish the book, which is a really good one btw...

Do you gamble Mate?, if you do then you become wealthy than you currently are now, will you still gamble?. If you clearly understand my question and answer with all sincerity, then I will know wether you will gamble same way you do now or more to qualify that the rich stop having fun or seek money in gambling.

Another day to watch points without proof that only the poor gamble more than the Rich, alright let me agree with you for a second,can we compare the amount staked, NO. So who pays more to the casinos?.

It laughable, all are equal in the casino both poor and the rich contributes. If the rich are satisfied then let them stay away from the casino. Let stop this comparison, both parties are open to same risk.

Self discipline and moderation everything else comes in.

Of course, and the point is that the amount of the budget can in no way change the possibility of anything in gambling, or that means it can never be used as a guarantee to increase the chances of winning, because in my opinion for the problem of winning chances there are only two things, the first may be strategy if you are involved in sports betting and the second is luck which in gambling luck is the most important because usually only luck can really bring someone to a real victory. And obviously, the amount of the budget does not affect the chances of winning at all but will only increase the amount of loss when you lose or are unlucky.

It is a fact that anyone can end up with a lot of downfalls in gambling, and I agree with what you said that compulsive rich  gamblers will certainly be the same as compulsive poor gamblers in terms of treating their gambling activities but maybe the difference is only in terms of the number of wins and losses because of course the amount of budget that the rich have is greater than the poor.

Gambling is for everyone of course. The casinos want the entire world to be gambling with them.

But, usually, it is the poorer who would end up gambling more times than the rich people.

You are mentioning famous people, who might not be rich in the long term. Many rich people stopped being rich because they were gambling too much.

But also many rich people know that you cannot get rich gambling, so they don't

In gambling, there is no difference in gambling addiction, whether rich or poor, many are involved in gambling due to addiction that cannot control themselves.

The rich will be more free to gamble and bet more.
The poor will force gambling hoping to change their fate.

That is the wrong mindset but we are free to do what we want if self-control is exercised sometimes there are people gambling just for fun with $20 is enough.

There are also those who do not feel satisfied so they continue to add more bankrolls until their savings run out, maybe we can see this case often occurs.

You made a great point, Mate. What every gambler needs is self-control without this, every gambler is prone to not only losses which is inevitable but also addiction, financial issues and emotional imbalances. I wonder how some of us think that only the poor are addicted and are fucking losers.

I keep saying that, the only difference between a rich gambler and poor gambler is the amount put in stake, not necessarily how they gamble. The rich can become poor while the poor becomes poorer, stop being bais instead make a clear judgement.

Both rich or poor, gamble same game the casino doesn't care, it individual base.

The fun you mean, I'm not sure if gamblers like been emotional with gambling because of the finances it requires and for the finances, everyone does it just few still find a way to gamble for the fun and in some cases when a gambler just decide to gamble with a dollar amount of casino repeatedly or stake insignificant amount of money that wouldn't affect him but you see that amount of money? I think everyone does it.

Have you consider people that can bet thousands of dollars, I mean an amount that is bigger than what they earn in a week from paycheck into gambling, are we going to call that as fun? It's not, it's an act of high risk gambling to make money.


Gambling don't know if you are wealthy or not. Tbe addiction can make a wealthy person to a broke man. In the early 2000s Mike Tyson won a lot of money from his career, was one of the most paid sport man then but how did he end? Broke until after some years later he got feature in movies and made some business, no he will soon be feature in another fight by June next month and we all know that fight is a fixed match, nothing special about it.

Admittedly, unlike the general society, gambling has no special treatment for the rich. Everyone possess same chances of winning or losses. Nothing like who makes the most risk. The risks players take doesn't make any changes in improving their winning opportunities. To bring the argument down to the ordinary level, gamblers only need to wager what they have. If a rich gambler decides to wager huge amount of money, it must be what wouldn't affect his finance on the long run.

Aside money talks, which brought about the rich and the poor, gamblers have same tendency of behaving similarly according to their gambling category. A rich compulsive player will behave just as the low income compulsive player. I think the comparison should be focused on the financial status of the players. Rather on the behavior of gamblers.

I disagree with you that rich people don't gamble or are you saying that gambling is for only poor people. If it is so how do casino make their money. The poor has nothing to offer the casino with their little amount, it is the rich and high rollers that every casino is wishing to have as their customers.

Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.

I think it is very simple to say that all gamblers should not or are prohibited from taking risks that exceed their abilities regardless of whether they are rich or poor, because however rich or poor still have the same chances in terms of winning or losing, or that means rich and poor gamblers also have the opportunity to win but also have the possibility to lose.

Casinos never see or never care about a person's financial condition in life, the point is that if they are involved in gambling then they will have two possibilities at the end of the session which is between winning or losing, and also the amount of budget that is bet can in no way be used as a guarantee of victory at the end of the session which means that no matter how much risk you take there will always be a possibility for you to lose at the end of the session if you are unlucky. So the bottom line is that all gamblers are always advised to only take small risks or risks that they can afford at the end of the session especially when they lose regardless of being rich or poor.

one thing to consider is that sometimes people gamble to feel something
so maybe it's not aobut finances but about emotions
totally different problem and totally different way to approach and analyze it.
does it make any sense?

From a social point of view I understand you and you are absolutely right, but if we look at the economic and capabilities sense, the rich player has many privileges over the poor player. First, the player can spend a large amount of money and still quality of life will not deteriorate or leave you stressed because maybe you spent money you shouldn't have. If the player who is poor, takes a bigger risk and loses it, his life gets out of control , so the mere fact that The person who is the rich player has money, that means that his life remains the same and with all its comforts, the player who is poor will always be limited and if he exceeds and incurs irresponsible expenses , he must access other mechanisms so that his life Don't sink into an abyss.

True, there are other factors that can make a person go overboard when it comes to treating their gambling activities, and for this matter it does not depend on whatever their financial situation is in life, or in other words, rich or poor can fall into this crazy category, which means that they will most likely gamble and make decisions blindly or spend everything they have in one go.

What this means is that gambling is about who you are, no matter if you are rich or poor, and the point is that if you engage in gambling by bringing the wrong way or approach then that is what will lead to the potential for many disasters, simply put the rich can become a bum and the poor may become crazy, and I think this idea is enough to tell us that if we talk about gambling then it really depends on how the person treats his gambling, or simply put your decision will determine your fate in gambling as in terms of the impact you will experience regardless of rich or poor.

In gambling, rich and poor both have the choice to take risks, they cannot differentiate between each other, neither the probability nor the risk to control it. The essence of gambling is no longer rich or poor, maybe both can bet different amounts, win differently, and can bet again at different moments, but who should take the bigger risk? Even poor gamblers actually know that when they take a big risk, there is only one chance to get out, namely to win because if they lose then they will lose everything. Meanwhile, those who are rich have 2 chances, if they lose they can bet again and if they win they can increase their bet.

Rich gamblers undergo similar troubles with the low income players. Gambling as a high roller have its downside. What will happen to a rich man with the amount you mentioned above chasing losses? The whole money will almost get exhausted in space of few months. Gambling risk to me is a way of gambling for money without observing the basic rules for gambling responsibly. However, to us, the rich player appears to have backup and safer than the low income player in such matters. As the low roller easily runs short of money faster than the rich player. Limitations plays a vital role in gambling, and when a player doesn't abide by the rule of limiting his gambling session he'd get an excessive gambling habit, terrible enough to diminish his wealth with no warning.

It doesn't matter how much the player owns or possesses. In other words, rich players also prefer wagering big, the player can wager the 100k at once, then deposit more. Imagine losing that amount up to a million before the day runs out. Wouldn't it be enough reason for the player to try again, as he can't forget all that amount. And the tricky aspect of gambling for high rollers is that they think a single game would recover all they've lost. So they tend to wager more, increasing their risk of getting compulsive. When that happens, it doesn't matter whether the player wins or not. He'd wager it anyways.

If you dont have self-control, it will chew you up and spit you out whether you're making a lot of money or just getting by. Trust me, I've seen it for myself. It doesnt matter how much money you have; the odds are against you from the start. Its true that the house always wins.

I get it; the thrill of the game and the chance to make money quickly are appealing. But thats where the smart people and the not-so-smart people split. People who are smart know the trick and know that they will lose in the long run, so they leave. They know that the best way to win is to keep their hard-earned cash and not risk it on a roll of the dice.