Rich or poor gambler, who should risk more? - page 33.

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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? The rich gambler or the gambler who is not yet rich. If a rich gambler takes risks in gambling, they are risking losing money and becoming poor from gambling, or getting richer, when a gambler who is not yet rich gambles, they can also get poorer or richer, so the gambler who should take the risk should be the gambler who can handle the dangers of the risk like losing too. When a rich gambler loses from taking a risk, there is a better chance of them being in a position to manage with the losses, than someone struggling financially who a big loss will really affect. So, I am confused after asking myself this question and answering it, 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?

Gambling is not measured by being rich or poor, most times the poor can risk more than the rich and sometimes the rich can also risk more than the poor depending on their individual mindset and level of risk they want to take. In life risk does not know the rich and the poor, because the higher the risk the more the outcome and it might be either negative or positive, so the only solution when it comes to gambling is to risk the amount that you can afford to lose as a gambler so as not to go bankrupt. sometimes greed and envy will not allow gamblers to risk the amount to that they can afford to lose because they want to win big.

lastly , op replying to your question about the rich and the poor who should risk more in gambling, gambling here is a game of luck and chance and no one knows the games , however any one can risk any amount that he or she can afford to lose.

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Quote from: iBaba on April 28, 2024, 11:21:24 PM

Quote from: junder on April 27, 2024, 11:01:20 AM

And for poor people who do gambling, the main goal is of course profit, where they want the money to multiply, but that can actually make them frustrated if defeat occurs, by wanting to get a win but we cannot accept defeat it is the same as they let themselves get into trouble intentionally. Poor people definitely do gambling because they want to improve their financial situation, but gambling will not always go well, and can help them in their financial problems.

Ordinarily, a rich gambler have more resources to spend and risk into the gambling games than the poor gamblers but does not imply that they must take more risk, because everything depends on the habit or character of the individual involved. Some poor people are great risk takers and can stake all their earnings in to gambling and when such people lose their money, they are greatly affected by their loses resulting into psychological trauma and depression in some cases.

Some rich people also take risks of injecting some huge amount of money into gambling games but I see many of them taking calculated risks instead. In the sense that when they lose, it probably only affects the profit they had injected into the gambling but not their entire income or worth. They have more options and opportunities to recover faster than the poor people from any lost. So, whether poor or rich is basically an individual decision, but while a poor man will greatly suffer from the lost, the rich might not necessarily feel the same way.

Yes, maybe discussing who is most at risk depends on each individual. For those poor people who gamble and then take more risks, such as risking all the money they have, of course this will be a problem, the defeat or loss of money they experience can affect their mental health. because of course their goal of risking all their money is to hope that a miracle will happen, with the winnings being able to cover all the losses that have occurred, but with a bet that may already have the final point, it will still end in defeat, there is no way they will be fine.

Maybe rich people are less likely to take risks such as risking all the money they have, but it really comes back to each individual, because if those who are rich are equally obsessed with wanting to win big, then they can also take bigger risks. Moreover, having enough money can make them gamble more freely, whether with the amount of the bet or something else.

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Quote from: Su-asa on April 30, 2024, 04:46:23 AM

Quote from: anna_20 on April 29, 2024, 04:41:04 AM

i think rich people can handle the losses better since it won't affect their basic needs. but poor people might lose their family stability, mental health, ... after a loss! in general, gambling can be addictive regardless of someone's financial status and should be viewed as a form of fun.

The rich gamblers can handle their loses we accept that but in as much as gamble is included, there are some certain extent when a gambler (either rich or poor) will lose money and he will feel bad about it, and those things can either be the cause of when they chase their losses or gamble with the influence of alcohol and so on. Such things can make a gambler to become addicted even if you are a newly Gambler or an old time gambler.

While rich gamblers can handle losing, that doesn't mean they won't lose a lot of money. After gambling for a while, they can lose control of themselves and that will make them gamble again. If they have lost self-control, they will follow their lust to win the gambling game or recover their losses.

At that time, they will also lose their minds and will chase their losses in gambling. They will not remember the limits they set just to catch up with their losses. In the end, they will lose and lose more and more money.

That is why, whether rich or poor gamblers should not gamble for too long and just enough to avoid losing a lot. When they start losing and don't stop themselves from gambling, at that time they will be triggered to continue gambling. They will lose money that they could not have imagined before. The only regret they will feel is that it has all happened.

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Quote from: anna_20 on April 29, 2024, 04:41:04 AM

i think rich people can handle the losses better since it won't affect their basic needs. but poor people might lose their family stability, mental health, ... after a loss! in general, gambling can be addictive regardless of someone's financial status and should be viewed as a form of fun.

The rich gamblers can handle their loses we accept that but in as much as gamble is included, there are some certain extent when a gambler (either rich or poor) will lose money and he will feel bad about it, and those things can either be the cause of when they chase their losses or gamble with the influence of alcohol and so on. Such things can make a gambler to become addicted even if you are a newly Gambler or an old time gambler.

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Quote from: zuzie on April 30, 2024, 02:38:33 AM

Yes, logically rich gamblers dare to take high risks because they have a lot of financial support within them and poor gamblers don't dare to do the same because they are quite lacking in financial terms except for poor gamblers who have experienced this. serious addiction.
However, if you look at the party who is truly disadvantaged, I think both rich gamblers and poor gamblers will experience the same thing. because in gambling you definitely don't see who is rich and who is poor, the most important goal is not to let the host suffer big losses, the one who bears all the losses is the gambler.

There are two possibilities where gamblers are rich and poor but with your logic it makes sense.

Rich gamblers by taking high risks risking a lot are obviously a lot of reserve funds even in one month can recover.

The poor gambler takes high risks because he thinks of luck so he dares to bet even if he spends all his money, I think there are still poor people doing this action and do not care about the finances he has.

What is clear is that casino owners will benefit because this is the business they run, any loss from rich or poor gamblers will lose the same does not distinguish it, only self-control can stop them in a big loss.

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Quote from: zuzie on April 30, 2024, 01:45:45 AM

Quote from: GigaBit on April 29, 2024, 08:13:15 AM

A relatively rich gambler does not get as much advantage for gambling as a poor gambler. A rich gambler doesn't need to worry too much after placing a bet because if he loses, it won't cost him much to arrange that money. But the opposite is true for poor gamblers. A poor gambler cannot take as much risk because he does not have enough money. Therefore, poor gamblers have fewer opportunities than rich gamblers. If a poor gambler gambles like a rich gambler, they cannot survive a moment of gambling. Of course people at these two levels have to have two types of strategies otherwise the poor gamblers won't be able to make much progress.

Yes, what you say is a difference between rich gamblers and poor gamblers, but in gambling rich gamblers and poor gamblers are basically at the same level in terms of luck because big or small winnings in gambling do not look at whether they are rich or poor but only their luck. will never know.
If you look at the risk that will occur, it depends on how brave the rich gambler or poor gambler is in betting money. If you bet a large amount, the risk is definitely high, but if you bet a small amount, the risk will likely be small too.

Basically I think casinos never look at our financial situation, the point is that if you are involved in it then obviously you will have the possibility to end up with one of two results at the end of the session between winning or if, that result can never be known unless you have completed the session. and on the other hand as you said that rich or poor have the same level in terms of luck but maybe the difference is in terms of the amount of winnings or the amount of losses and this depends on how lucky they are at that time.

Actually the impact of risk in gambling depends on how the gambler treats his gambling activities, as you said about depending on how brave or how reckless the person is in terms of taking risks, and actually if for example they are able to take responsibility for all the decisions they have made it doesn't matter, but overall they usually only focus on the intention and purpose of getting a big win while on the other hand not having the ability to accept the fact of losing so that when they lose they experience dominating emotions which in turn make them make impulsive decisions or take actions that are much crazier and this is the initial scenario of someone falling into addiction.

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Quote from: zuzie on April 30, 2024, 02:38:33 AM

Yes, logically rich gamblers dare to take high risks because they have a lot of financial support within them and poor gamblers don't dare to do the same because they are quite lacking in financial terms except for poor gamblers who have experienced this. serious addiction.
However, if you look at the party who is truly disadvantaged, I think both rich gamblers and poor gamblers will experience the same thing. because in gambling you definitely don't see who is rich and who is poor, the most important goal is not to let the host suffer big losses, the one who bears all the losses is the gambler.

I think there is a bit different logic. Rich gamblers risk and gamble with bigger amount of money, while poor gamblers make large amount of low bets. And in the end we end with rich lose more (which is logical) and poor risk more times. It is the matter of amount risked or number of time risked question. And it also hard to come to one general answer to this question, because we cant compare amount of rich and poor gamblers. What is the ratio here? 1 rich gamblers that gambles for $100k-$1kk weekly, and 100,000 poor gamblers who gamble for $1 each hour? (that is just random).

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Quote from: zuzie on April 30, 2024, 01:45:45 AM

Quote from: GigaBit on April 29, 2024, 08:13:15 AM

A relatively rich gambler does not get as much advantage for gambling as a poor gambler. A rich gambler doesn't need to worry too much after placing a bet because if he loses, it won't cost him much to arrange that money. But the opposite is true for poor gamblers. A poor gambler cannot take as much risk because he does not have enough money. Therefore, poor gamblers have fewer opportunities than rich gamblers. If a poor gambler gambles like a rich gambler, they cannot survive a moment of gambling. Of course people at these two levels have to have two types of strategies otherwise the poor gamblers won't be able to make much progress.

Yes, what you say is a difference between rich gamblers and poor gamblers, but in gambling rich gamblers and poor gamblers are basically at the same level in terms of luck because big or small winnings in gambling do not look at whether they are rich or poor but only their luck. will never know.
If you look at the risk that will occur, it depends on how brave the rich gambler or poor gambler is in betting money. If you bet a large amount, the risk is definitely high, but if you bet a small amount, the risk will likely be small too.

Impressively gambling from observations explains it self, but lots of players don't pay attention to details. Most often gamblers are meant to pursue more understanding of the game than money. Risk is a challenging factor in gambling. And the rich players take risks randomly, every rich gambler, indeed, is not a high roller. Some rich people wager few cents whenever they're gambling. Looking into details you'd notice that only few rich players wager huge amount of money on a game. That's why it's a breaking news when celebrities like Drake wager few million dollars on a game.

Hence, it's interchangeable, to determine who takes more risk would be hard. But when two gamblers, rich and poor, focus on wagering big as their definition of risk in gambling. The rich will be considered as a risky player more than the low income earner. Because it's judged by who has the most money. I think risk is something with severe punishment. Risk can be gambling on places where gambling is restricted. Like around your boss, could be seen as taking the risk of losing a job. In multiple factors the answers would vary. A poor gambler will only play like the rich if he's got the jackpot. Gamblers can't wager more than their source.

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Quote from: knowngunman on April 30, 2024, 02:27:07 AM

Quote from: zuzie on April 29, 2024, 04:25:22 AM

Yes, and of course there are similarities and differences between rich gamblers and poor gamblers. It can be seen that rich gamblers dare to bet large amounts of money, while poor gamblers can only bet according to the money they have in their pockets.
And rich gamblers can gamble every day because their income is enough to support them, while poor gamblers will only gamble occasionally when they have money.
Yes, for a bad gambler, perhaps he will not consider gambling to be bad for his life on the basis that addiction is what makes him a bad gambler.

It's a simple logic, you can not risk what you don't have. Rich gamblers typically have more money to gamble with and can stake whatever amount feel good to them. They gamble frequently because they can afford to do so and even get special treatment by casinos in the name of VIP and other influential categories. The poors have limited money to gamble with and this is why majority of them are not gamble for fun but to liberate themselves from poverty which is a wrong approach to gambling.

In general, but the rich and poor gamblers take their risk in different ways but poor gamblers are at disadvantages the most. Rich gamblers risk with money because they have more and can only lose part of it if it doesn't work it in their favor but the poors risk their overall resources and will have to start over again since they have nothing as back up in case things goes opposite. This is just about economical background but the real risk of gambling is the psychological effect on both the rich and the poor.

Yes, logically rich gamblers dare to take high risks because they have a lot of financial support within them and poor gamblers don't dare to do the same because they are quite lacking in financial terms except for poor gamblers who have experienced this. serious addiction.
However, if you look at the party who is truly disadvantaged, I think both rich gamblers and poor gamblers will experience the same thing. because in gambling you definitely don't see who is rich and who is poor, the most important goal is not to let the host suffer big losses, the one who bears all the losses is the gambler.

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Quote from: zuzie on April 29, 2024, 04:25:22 AM

Yes, and of course there are similarities and differences between rich gamblers and poor gamblers. It can be seen that rich gamblers dare to bet large amounts of money, while poor gamblers can only bet according to the money they have in their pockets.
And rich gamblers can gamble every day because their income is enough to support them, while poor gamblers will only gamble occasionally when they have money.
Yes, for a bad gambler, perhaps he will not consider gambling to be bad for his life on the basis that addiction is what makes him a bad gambler.

It's a simple logic, you can not risk what you don't have. Rich gamblers typically have more money to gamble with and can stake whatever amount feel good to them. They gamble frequently because they can afford to do so and even get special treatment by casinos in the name of VIP and other influential categories. The poors have limited money to gamble with and this is why majority of them are not gamble for fun but to liberate themselves from poverty which is a wrong approach to gambling.

In general, but the rich and poor gamblers take their risk in different ways but poor gamblers are at disadvantages the most. Rich gamblers risk with money because they have more and can only lose part of it if it doesn't work it in their favor but the poors risk their overall resources and will have to start over again since they have nothing as back up in case things goes opposite. This is just about economical background but the real risk of gambling is the psychological effect on both the rich and the poor.

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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? The rich gambler or the gambler who is not yet rich. If a rich gambler takes risks in gambling, they are risking losing money and becoming poor from gambling, or getting richer, when a gambler who is not yet rich gambles, they can also get poorer or richer, so the gambler who should take the risk should be the gambler who can handle the dangers of the risk like losing too. When a rich gambler loses from taking a risk, there is a better chance of them being in a position to manage with the losses, than someone struggling financially who a big loss will really affect. So, I am confused after asking myself this question and answering it, 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?

I want you to understand in a normal sense poor gambler don't risk bet, they only bet with the fund available to them, their slip is always long so that it will match their staking power, but in the case of rich gamblers they gamble with a large amount but few selection so that they can multiply their money not necessarily much but just a few profits that's why they make more money than poor gamblers, they lose more too, of course a rich gambler should take more risk than a poor gambler because they have more funds to take whatever risk they want, the truth is that rich gamblers are are in the forefront of making more money than the poor ones that's is if they endulge in a strategic gambling.

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Quote from: 348Judah on April 29, 2024, 12:00:48 PM

Whenever we are gambling, we should always consider taking risk base on how we are able to condole for such, we shouldn't be that kind of gambler that will always follows others opinions and style in gambling, it may really affect us because we may be pushed to doing what others are doing which may be a red signal on us, when we think we are not financially capable, then we shouldn't move close to anything that has to do with gambling, we should not compare our own purse or financial obligations to that of other gamblers, we should take risk base on our affordability when gambling.

You say the right thing and all gamblers should do it, but in reality all of this is difficult to do and we can see that there are lot of gamblers who don't really care about the risks so they do some stupid things that are detrimental.
In addition, each person ability in gambling will be different, if only rely on what other people do or imitate all the activities done by other people without thinking about your abilities, then clearly that is big mistake.
Every gambler risks the money they might get from working hard full time every day and they should guard or minimize excessive use of money because it will run out or be lost.
However, they have been completely blinded by ambition and risk being forgotten when they experience conditions that require them to achieve big wins.
But they will still take all these risks and all of them can be measured from the attitude and decisions of each gambler in taking steps to risk money.

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Quote from: GigaBit on April 29, 2024, 08:13:15 AM

A relatively rich gambler does not get as much advantage for gambling as a poor gambler. A rich gambler doesn't need to worry too much after placing a bet because if he loses, it won't cost him much to arrange that money. But the opposite is true for poor gamblers. A poor gambler cannot take as much risk because he does not have enough money. Therefore, poor gamblers have fewer opportunities than rich gamblers. If a poor gambler gambles like a rich gambler, they cannot survive a moment of gambling. Of course people at these two levels have to have two types of strategies otherwise the poor gamblers won't be able to make much progress.

Yes, what you say is a difference between rich gamblers and poor gamblers, but in gambling rich gamblers and poor gamblers are basically at the same level in terms of luck because big or small winnings in gambling do not look at whether they are rich or poor but only their luck. will never know.
If you look at the risk that will occur, it depends on how brave the rich gambler or poor gambler is in betting money. If you bet a large amount, the risk is definitely high, but if you bet a small amount, the risk will likely be small too.

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Quote from: nara1892 on April 29, 2024, 11:50:06 AM

Quote from: madnessteat on April 29, 2024, 09:31:17 AM

Quote from: iBaba on April 28, 2024, 11:21:24 PM

Ordinarily, a rich gambler have more resources to spend and risk into the gambling games than the poor gamblers but does not imply that they must take more risk, because everything depends on the habit or character of the individual involved. Some poor people are great risk takers and can stake all their earnings in to gambling and when such people lose their money, they are greatly affected by their loses resulting into psychological trauma and depression in some cases.

Some rich people also take risks of injecting some huge amount of money into gambling games but I see many of them taking calculated risks instead. In the sense that when they lose, it probably only affects the profit they had injected into the gambling but not their entire income or worth. They have more options and opportunities to recover faster than the poor people from any lost. So, whether poor or rich is basically an individual decision, but while a poor man will greatly suffer from the lost, the rich might not necessarily feel the same way.

No matter how rich a person is, he or she is just as worried as a poor gambler when he or she loses money that he or she was not prepared to lose. Losing in gambling does not spare anyone, but only you decide how much money you are willing to lose without negatively affecting your financial condition. We have heard more than one story of poor gamblers winning huge sums of money and more than one story of rich gamblers losing entire fortunes. So it all depends on ourselves and our risk management.

Right, if we're talking about gambling then obviously no matter who you are and how rich you are you can end up losing all your money in no time if you treat gambling the wrong way. As you said above that rich or poor will still have the same worries but maybe with different amounts of money, but still I think it's a silly question if someone is asking about who should take a bigger risk between rich and poor gamblers.
At the end of the day the best advice is to take the level of risk that is commensurate or within our means regardless of rich or poor.

I agree with you on the last part of your comment stating that whether we be rich or poor, amount of money we stake on gambling should always be an amount we are able to comfortably lose.

But however, on the first part of your comment, I disagree with you, a rich man wont lose all his money to gambling in no time, except the rich man have a spiritual problem with gambling, for example, somebody like Elon musk sure won't lose all his money to gambling in no time, why?, because it takes owning businesses and having multiple streams of income to become truly rich, this is to say that, if somebody like Elon musk was to start gambling everyday, and possibly losing, it will still take tens of years before he arrives at a stage where we can all say that he has lost everything, and at this, and this is because as he is gambling, his businesses around the world is generating money for him every second, minute, hour, daily, weekly, monthly and so on, if somebody like Elon gambles to the point he return to being broke, I believe you too will not believe that it's something ordinary.

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Whenever we are gambling, we should always consider taking risk base on how we are able to condole for such, we shouldn't be that kind of gambler that will always follows others opinions and style in gambling, it may really affect us because we may be pushed to doing what others are doing which may be a red signal on us, when we think we are not financially capable, then we shouldn't move close to anything that has to do with gambling, we should not compare our own purse or financial obligations to that of other gamblers, we should take risk base on our affordability when gambling.

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Quote from: madnessteat on April 29, 2024, 09:31:17 AM

Quote from: iBaba on April 28, 2024, 11:21:24 PM

Ordinarily, a rich gambler have more resources to spend and risk into the gambling games than the poor gamblers but does not imply that they must take more risk, because everything depends on the habit or character of the individual involved. Some poor people are great risk takers and can stake all their earnings in to gambling and when such people lose their money, they are greatly affected by their loses resulting into psychological trauma and depression in some cases.

Some rich people also take risks of injecting some huge amount of money into gambling games but I see many of them taking calculated risks instead. In the sense that when they lose, it probably only affects the profit they had injected into the gambling but not their entire income or worth. They have more options and opportunities to recover faster than the poor people from any lost. So, whether poor or rich is basically an individual decision, but while a poor man will greatly suffer from the lost, the rich might not necessarily feel the same way.

No matter how rich a person is, he or she is just as worried as a poor gambler when he or she loses money that he or she was not prepared to lose. Losing in gambling does not spare anyone, but only you decide how much money you are willing to lose without negatively affecting your financial condition. We have heard more than one story of poor gamblers winning huge sums of money and more than one story of rich gamblers losing entire fortunes. So it all depends on ourselves and our risk management.

Right, if we're talking about gambling then obviously no matter who you are and how rich you are you can end up losing all your money in no time if you treat gambling the wrong way. As you said above that rich or poor will still have the same worries but maybe with different amounts of money, but still I think it's a silly question if someone is asking about who should take a bigger risk between rich and poor gamblers.
At the end of the day the best advice is to take the level of risk that is commensurate or within our means regardless of rich or poor.

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Quote from: madnessteat on April 29, 2024, 09:31:17 AM

Quote from: iBaba on April 28, 2024, 11:21:24 PM

Quote from: junder on April 27, 2024, 11:01:20 AM

And for poor people who do gambling, the main goal is of course profit, where they want the money to multiply, but that can actually make them frustrated if defeat occurs, by wanting to get a win but we cannot accept defeat it is the same as they let themselves get into trouble intentionally. Poor people definitely do gambling because they want to improve their financial situation, but gambling will not always go well, and can help them in their financial problems.

Ordinarily, a rich gambler have more resources to spend and risk into the gambling games than the poor gamblers but does not imply that they must take more risk, because everything depends on the habit or character of the individual involved. Some poor people are great risk takers and can stake all their earnings in to gambling and when such people lose their money, they are greatly affected by their loses resulting into psychological trauma and depression in some cases.

Some rich people also take risks of injecting some huge amount of money into gambling games but I see many of them taking calculated risks instead. In the sense that when they lose, it probably only affects the profit they had injected into the gambling but not their entire income or worth. They have more options and opportunities to recover faster than the poor people from any lost. So, whether poor or rich is basically an individual decision, but while a poor man will greatly suffer from the lost, the rich might not necessarily feel the same way.

No matter how rich a person is, he or she is just as worried as a poor gambler when he or she loses money that he or she was not prepared to lose. Losing in gambling does not spare anyone, but only you decide how much money you are willing to lose without negatively affecting your financial condition. We have heard more than one story of poor gamblers winning huge sums of money and more than one story of rich gamblers losing entire fortunes. So it all depends on ourselves and our risk management.

everyone is worried
the difference with someone that has money is that they probably have better awareness of the risk they're putting themselves in when they gamble or when they engage in some financial decision with their money...

in theory rich people will be better capital allocators than poor people

but well, this is just the theory.

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Quote from: iBaba on April 28, 2024, 11:21:24 PM

Quote from: junder on April 27, 2024, 11:01:20 AM

And for poor people who do gambling, the main goal is of course profit, where they want the money to multiply, but that can actually make them frustrated if defeat occurs, by wanting to get a win but we cannot accept defeat it is the same as they let themselves get into trouble intentionally. Poor people definitely do gambling because they want to improve their financial situation, but gambling will not always go well, and can help them in their financial problems.

Ordinarily, a rich gambler have more resources to spend and risk into the gambling games than the poor gamblers but does not imply that they must take more risk, because everything depends on the habit or character of the individual involved. Some poor people are great risk takers and can stake all their earnings in to gambling and when such people lose their money, they are greatly affected by their loses resulting into psychological trauma and depression in some cases.

Some rich people also take risks of injecting some huge amount of money into gambling games but I see many of them taking calculated risks instead. In the sense that when they lose, it probably only affects the profit they had injected into the gambling but not their entire income or worth. They have more options and opportunities to recover faster than the poor people from any lost. So, whether poor or rich is basically an individual decision, but while a poor man will greatly suffer from the lost, the rich might not necessarily feel the same way.

No matter how rich a person is, he or she is just as worried as a poor gambler when he or she loses money that he or she was not prepared to lose. Losing in gambling does not spare anyone, but only you decide how much money you are willing to lose without negatively affecting your financial condition. We have heard more than one story of poor gamblers winning huge sums of money and more than one story of rich gamblers losing entire fortunes. So it all depends on ourselves and our risk management.

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Quote from: zuzie on April 29, 2024, 04:25:22 AM

Quote from: Fredomago on April 29, 2024, 01:42:43 AM

Quote from: zuzie on April 29, 2024, 01:19:15 AM

Quote from: iBaba on April 28, 2024, 11:21:24 PM

Ordinarily, a rich gambler have more resources to spend and risk into the gambling games than the poor gamblers but does not imply that they must take more risk, because everything depends on the habit or character of the individual involved.

Maybe your opinion is correct, indeed rich gamblers already have a lot of money so they can easily gamble without any obstacles whatsoever and for poor gamblers it is certain that if they want to gamble they have to think first about dividing the money for their daily needs and leaving some money behind. money to gamble when you want to play.
Yes, and for rich and poor gamblers, they both have to have proper self-control so that when they enter the world of gambling, they don't take too much risk there by gambling excessively.

Though there's similarities in terms of risk and the possibilities that both rich and poor will be engage and become addicted, but in terms of capabilities to play without thinking that much is in favor of rich gamblers, same with your arguments, rich people can easily deposit as they don't need to budget their finances in terms of allocating amount of money for their bankroll,

while with poor gamblers, if they need to address other things before playing, they need to divide the money that they've got then use portion of it for gambling.

Things in terms of capabilities might be different but gambling is gambling and we can't deny that risk is always present.

Yes, and of course there are similarities and differences between rich gamblers and poor gamblers. It can be seen that rich gamblers dare to bet large amounts of money, while poor gamblers can only bet according to the money they have in their pockets.
And rich gamblers can gamble every day because their income is enough to support them, while poor gamblers will only gamble occasionally when they have money.
Yes, for a bad gambler, perhaps he will not consider gambling to be bad for his life on the basis that addiction is what makes him a bad gambler.

A relatively rich gambler does not get as much advantage for gambling as a poor gambler. A rich gambler doesn't need to worry too much after placing a bet because if he loses, it won't cost him much to arrange that money. But the opposite is true for poor gamblers. A poor gambler cannot take as much risk because he does not have enough money. Therefore, poor gamblers have fewer opportunities than rich gamblers. If a poor gambler gambles like a rich gambler, they cannot survive a moment of gambling. Of course people at these two levels have to have two types of strategies otherwise the poor gamblers won't be able to make much progress.

anna_20

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i think rich people can handle the losses better since it won't affect their basic needs. but poor people might lose their family stability, mental health, ... after a loss! in general, gambling can be addictive regardless of someone's financial status and should be viewed as a form of fun.

Topic: Rich or poor gambler, who should risk more? - page 33. (Read 9664 times)