Topic: Rich or poor gambler, who should risk more? - page 28. (Read 9659 times)

You have just answered the question yourself, someone who is rich will take much risk reason because he has enough already and if you check those rich people don't care whether they loss money or not, it doesn't really affect them that much and rich people don't play much game what they do is select 2 or 3 games that will give them 2-4 odds and heavy stake it and that is why they win more than poor people. Morever, if not for something poor people aren't suppose to be playing gamble because any money they loss will really affect them, imagine you have a wife and children and your responsibility is to take care of them and you are being paid 30k a month and you always use 500 naira to gamble almost everyday before one week you will be spending like 3-4k out of 30k that will really affect you and the family imagine now that every is very costly.

sometimes it's a matter of insanity too... if a person is nuts, regardless of their total bankroll they'll do crazy things with their money
since crazy things happens sometimes there'll be a case with one person betting all they had and 10x overnight... not the healthiest situation but for sure it is thrilling...

what do you think?

Both rich and poor gambling can do the same, especially when they don't have a good self control. We see or it already happens to us whereas we playing gambling and spends more money that we can afford to lose but we can't win some money. Our reason for playing gambling changes into have a will to gets wins but the situation and condition is not helps us to wins the gambling games. Rich gamblers can spends much money but that doesn't guarantee them to wins much money and vice versa with poor gamblers. When that comes to gambling, many people can't holds themselves from the temptation in gambling and makes them gets deeper in gambling while they don't realizes that can gives many loses. They will realizes when there's no money left in their balance and will regrets that but everything is happens and they can't gets their money back easily.

Of course, people who gamble are not only poor people, rich people also gamble, it's just economic limitations that make poor people feel more at a disadvantage than rich people who have bigger finances than poor people. So even though rich people gamble with the amount they think (poor people) are quite a large amount, in fact for rich people it is not a big amount of money for them and even losing that money is not a big problem.
Poor people risk their money in the hope of changing their fate but in reality their fate gets worse if they are irresponsible in gambling and risking the finances they have.

So in this case of course poor people are at a greater disadvantage because they have limited finances in contrast to rich people who can gamble at any time even though they also experience losses and if poor people's finances run out they will stop gambling and be confused about how they can get money and be able to do it gambling again, even by doing hard work that doesn't match the pay, after that he can gamble again. I think that the fate of poor people will not change if their mindset continues to gamble and can change their fate because in fact many poor people are increasingly miserable because of gambling.

Confidence is definitely needed then gambler's income is considered another important factor in gambling.
If a rich gambler has a high income, he can spend a part of his income on gambling and if his confidence is high and he can afford to take risks in gambling, it is natural that a rich gambler will take more risks in gambling because his income is not a problem.
On the other hand a poor gambler may generally have problems with income and if he wants to support his family besides supporting himself with the income he earns, he will struggle to gamble from that income and no matter how confident he is in gambling, the poor gambler Rix cannot take it because he has many problems with his income. I would consider the risk-taking propensity of a rich or poor gambler to be largely dependent on income.

Who spends more in gambling is based on personality. The poor might spend more in some cases, but the rich can also spend more. At the end of the day, both of them might be sharing a common goal (a large amount of winning), just like the famous celebrity that's known for gambling and staking large sums in gambling and end up losing it in some games. That amount is what an average person can't consider risking.

The low income gamblers, as I fondly refer to them, have the tendency of seeking more money, people may think that's why they go into gambling. On the contrary, the rich gamblers also get magneted by the impulse to gain more profits. Just like the low income players, rich gamblers also get emotionally conned to wager huge sum of money. Sometimes you'd see a news flash of a school student that wagered his fees expecting more profits. Gambling behavior has nothing with the player's social class. Disobeying the general rule of gambling, will get any body into compulsive gambling, regardless of his financial status. And most of them will get their funds exhausted.

It's always important that a rich gambler is also experienced and follows a meaningful responsible strategy. However it feels to other people that the rich are the risk takers than the poor. Everyone who gambles for more money will take monetary risk when gambling. The bigger the funds look the more a player wants to own it. The player wouldn't mind how poor his strategy is, making the money is the only goal. Hence a player who doesn't have the money has nothing else to do than wager according to his reach. Yet when you look closely you'd see that even the low income players tend to wager what seems to be a huge sum of money for people in their class or environment. Just like a student can wager his school fees, a working class player can play all his salaries away.

Well, the risk will always exist and it will be something that can be very strong when things get out of control for both of us, but I insist on something, the rich Player can lose and it can Hurt him for the money he lost, but It will not satisfy your needs, but a Person who is middle class and who risks a lot of money and loses it and has no other alternative than to look for quick money through loans, believe them or something like that, although it is something that is not recommended and the simplest and most Reasonable, because those who try to recover money by playing more, well I think that is the worst mistake of all, it is difficult when you are in that type of Situation.

I think it's a matter of confidence and stability than who should risk more, normally we would favour the rich cause he has more than the poor but some poor or average persons even risk more than the rich, so I think confidence has a role to play to determine how much we are willing to stake in a game.

The default answer to this question is the poorest gamblers will always be risking the most purely because they have no leeway or spare cash to spend.   A rich man who loses his lunch money doesnt have to care, maybe he skips the next restaurant 4 course at most and since he already ate so well every single day non stop its probably done him more good then harm to lose.

If you have no spare cash at all, properly poor then you really shouldn't be gambling.  Its a leisure activity, just like probably dont spend the money on alcohol until you have finished a good days work and have cleared the bills.  Sometimes alcohol is the only thing that motivates honest work, its all ironic and maybe we can argue people will earn to gamble some but never gamble cash which is for bills it will do no good imo.

From my experience and how i have seen gambling, no one will want to see a risk and still accept going for it at all cost without considering the benefits after it as well as the consequences of going for the risk should in case of things not working out as expected, we are not taking risk all because we want to make a wasteful of the resources we have with our finance, but because we want to have fun through the process and enjoy the best entertaining moment of our time gambling.

it's interesting because some things on emotional awareness, decision making, etc
won't relate 100% to their bankroll or income or even class
some things are more like an inner skill that should developed with our personal power and meditation

You're right, whether rich or poor is an individual does not control their gambling habit, they could lose it all. Reckless gambling could crumble anyone, the poor could lose the little they have to gambling if they see it as an opportunity to make a fortune, while the rich could squander all they have on gambling, I came across a thread sometime ago where a rich celebrity out of drunkeness loss a whopping amount while gambling.
 
 If an individual does not control their gambling habits there gambling responsibly then they'll end up losing alot to gambling it doesn't matter whether rich or poor moreover the fact that an individual is rich and have enough to fund gambling doesn't mean they should spend recklessly on it. No body should be waste money cause it's not easy to get, some people work very hard to make it, so why squander what you worked had to earn on something you might not profit from always.

It should be changed in the title of the thread that it is not rich or poor gamblers who take the biggest risks, but those who cannot control their emotions who take the biggest risks, no matter whether they are rich or poor, beginner or professional, even if they don't control their emotions, that's for sure. will play with big risks, the point is that when playing gambling you have to use money that you are ready to lose and playing with big risks, at least limiting your budget can help to prevent losing more money.

The big risk does not have to be a loss of greater value. The point is that playing gambling must be under proper and good control because this is important for gamblers so that they don't get addicted to gambling. The disease of gamblers that is difficult to cure is gambling addiction, that's why it is necessary to limit the budget so that it can become an alarm to know when to stop gambling, sometimes as gamblers, whether they are rich or poor, if they don't control it, the result is the same, they will play at greater risk, the potential is gambling addiction, so it all comes back to emotional and self-control Alone.

Both gambles, I see some rich people who still gamble beyond what they should, despite still having a lot of funds leftbif they lose, they feel not too bad or get into a bad financial crisis unlike a poor man who tries to keep his winning streaks because he sees it as part of an opportunity to earn profit. A rich whose balance is worth about $100m and decides to gamble with $100k and eventually lost, that is just a percentage of his money he feels no impact compared to the poor man who sees it as a huge money and might not dare to gamble if he had such money to stake.

indeed, those who lose a lot of money are usually people from the lower middle class, because they gamble in the hope of getting a win that can help their financial problems, but what they hope for doesn't happen, instead the results disappoint them, which can ultimately make them addicted. gamble and just keep gambling. Of course those like that must be able to stop, but if they don't have awareness then it will be difficult to stop, unless they have awareness.

I still remember what you said before. "We must be able to allocate an amount of money that we are willing to lose" is true, we should bet according to our abilities, don't bet beyond our means because that will only make things worse in the future. It is also not recommended to do things that carry big risks, such as chasing losses because there is no guarantee that we will win for sure, and losing money will happen more often if we continue to invest more money in gambling.

Situation like this where you lose amount of money that you not willing to let go will push you to keep trying, and this kind of mentlaity is the one that casino owners loves to see inside their platforms, the chance of those kind of gamblers who can turn themselves into addicted gambler, they will keep putting more money and will soon lose everything.

Both rich and poor gamblers can turn into this type of gamblers and they will keep losing as the toxic that gambling brings inside their brain will dominates them and lead them to keep playing no matter what the outcome will be.

This is something that anyone can convert themselves if they are not good in controlling their emotions not just poor but also those rich gamblers around.

In reality, things are like this, it is a fact that this problem that we could define as social occurs throughout the world in any country, because there will always be people who have enough memories to afford to lose all the money they can give , but of course, there comes a time when you will lose a lot of money and most people will have to stop, those types of clients are the best for casinos, because in part they are whales, on the other hand I think that most people They are from the middle class, from the lower class and things are very difficult for them after losing money in the casino, especially those who lose more than this amount that they are allowed to lose , because they get into a tremendous mess, because they begin to lack basic things.

Rich people don't gamble their money? pardon! A lot of rich gamblers also regret wagering what they shouldn't. It could be, for some, properties, investments, huge amount of money etc. those possessions are being staked by some rich gamblers. And most often they tend to lose the game. Recently a thread was opened regarding a wealthy man who wagered all his wealth within 3 years. Who else gambles more money than the rich? It's the price or risk they need to take in aspiration for making a kill in gambling. Consistently wagering huge amount in gambling will definitely get anybody's funds exhausted. Time will tell.

Low income players don't need to bother about wagering big amount, since they don't own it. Assuming they do, the player will do more. That is, if irresponsible. However, we should place this argument in the hands of individual differences. Some rich people are smart players while others are not. Same goes to the low income guys. Risk have multiple meanings. But the worse risk is losing out the love we have for ourselves and family. By engaging into compulsive gambling. I think in this context, money is the risk. Then, no need, the rich takes the most risk.

it comes down once more to emotional awareness, bankroll control, knowing when to stop

from all the habits to cultivate in life gambling is probably a really controversial one
can provide some happiness but at what cost?

something to keep in mind...