Rich or poor gambler, who should risk more? - page 35.

nullama

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Quote from: slapper on April 27, 2024, 01:17:41 AM

~snip~
You know how sneaky luck is, right? It's like trying to hold water in your hands. Luckily, luck isn't based on a magic formula. You have to rely on luck, and luck is a very unpredictable thing. Probability is exactly what you said; it's just a set of numbers that represent the chances of something happening. Those "winning strategies"? Somewhat of a dream they are

Yes, each player has a story. Their wins and losses don't affect anyone else's journey. Trying to get lucky like someone else? That's pointless. There is a lot of uncertainty in the odds, and the house always has a slight advantage. As an alternative to fighting that, why not go in knowing that? As you play, be smart and aware, and enjoy the ride for what it is

Yeah, that's the thing.

Probability will do its thing, and give winnings to a random small amount of people.

Those people will come up with stories about why their won. Maybe one started to gamble that day, other decided it was his last one, another one found the ticket on the street...

It doesn't matter. People will make up reasons why they won, when in reality it was just pure chance, aka luck.

slapper

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Quote from: Dewi Aries on April 26, 2024, 08:49:32 PM

Quote from: AliMan on April 26, 2024, 06:54:13 PM

~snip~

If you are involved in a type of gambling that relies purely on luck then you must really understand what luck really is and how luck works, we must understand that everyone has different luck in him, and if someone else manages to win in one of the bets then it does not mean that you will also be able to get the same victory when you try the way they do. As you can tell the odds in gambling are random which makes it impossible to predict when you can win, simply put you can also win but you don't know when.

After all gambling is a probability activity which means that there is nothing more than a “possibility” in terms of winning while on the other hand losing is a certainty, which means that gambling is filled with uncertainty and obviously with this then we can never use other people's wins as a benchmark to make us also win using the same method, and in my opinion don't bother too much in terms of thinking about winning in gambling, simply put if for example you are lucky then you can also win and maybe with a bigger amount than other people's wins.

You know how sneaky luck is, right? It's like trying to hold water in your hands. Luckily, luck isn't based on a magic formula. You have to rely on luck, and luck is a very unpredictable thing. Probability is exactly what you said; it's just a set of numbers that represent the chances of something happening. Those "winning strategies"? Somewhat of a dream they are

Yes, each player has a story. Their wins and losses don't affect anyone else's journey. Trying to get lucky like someone else? That's pointless. There is a lot of uncertainty in the odds, and the house always has a slight advantage. As an alternative to fighting that, why not go in knowing that? As you play, be smart and aware, and enjoy the ride for what it is

Litzki1990

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Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

Quote from: Dr.Bitcoin_Strange on April 25, 2024, 02:46:23 PM

Quote from: Rabata on April 25, 2024, 05:09:43 AM

There are some differences between rich and poor gamblers. Some rich gamblers are not very greedy for money while poor gamblers are more greedy for income. Poor gamblers spend more time in gambling. There are many gamblers who cannot afford to lose but still put that money into gambling. A poor gambler usually spends a lot of time in gambling for little money. But that tendency is less common among wealthy gamblers. A poor gambler doesn't always bet with less money in gambling some times they try more to bet more because the poor have a greater tendency to get rich through gambling than the rich.

I doubt that poor gamblers spend more money in gambling than rich gamblers, but if you are talking about the types of people who are into gambling, I would agree that the majority of people who are into gambling are poor and middle-class people. The number of rich gamblers is very low compared to poor gamblers, but the rich gamblers really spend a huge sum of money each time they are out for gambling. Although some poor people feel so greedy and deeply inquisitive about making a quick money, they end up staking their last penny on gambling games, which they will still lose.

Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong. I also think that they have the wrong priorities in life and borrow money from everyone, only luck has turned to them. Still, you need to value your health, loved ones and family more. Gambling should be on the secondary level, and not on the primary level like many addicted gamblers. The poor especially should not put it first, otherwise they may simply be left without food, and a hungry person can do a lot of bad things because of hunger.

Anyone from rich, poor or middle class can take risk in gambling. Risk depends mainly on the propensity to take risks on money. Even if one is poor, one can risk money. A poor person may lag behind a rich person financially but a poor person may be ahead of a rich person in terms of risk-taking propensity. We may think that those who have sufficient financial resources do not care if some of their financial resources are lost, which is why they take more financial risks. In this case I would say that everyone is rich from his own position, like a poor man has $100 to gamble with but $100 is the maximum and he must want to keep this $100 safe and secure. On the other hand, a rich person who bet 10K dollars in a gambling game would definitely not want to lose this 10K dollars but he would want to gain from it. That is why every one is rich from every position and every one thinks of winning by securing money from his position

Dewi Aries

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Quote from: AliMan on April 26, 2024, 06:54:13 PM

Quote from: boyptc on April 26, 2024, 06:45:41 PM

The case has been like this.

When a gambler sees another gambler that flourishes to the games that he's betting or gambling with for so long, that gambler that sees that other gambler will try to do the same thing and think that luck is with him as well.

And that's why it's true that whatever works for the others, might not or migth work for you but at most times, it is not going to work for the rest of us.

Not a wise idea for a true gambler if he/she based the winning by other person's luck. Luckily that's only a random chance for a person to win within that specific time, and copying the same tactic won't actually work the same for us.
Sometimes it's funny to think about those old people at my local community, they have this misconceptions about lucky colors or any occasion or even that could make them lucky.
Basically their mindset will associated with winning luck for gambling which is really a false belief.

If you are involved in a type of gambling that relies purely on luck then you must really understand what luck really is and how luck works, we must understand that everyone has different luck in him, and if someone else manages to win in one of the bets then it does not mean that you will also be able to get the same victory when you try the way they do. As you can tell the odds in gambling are random which makes it impossible to predict when you can win, simply put you can also win but you don't know when.

After all gambling is a probability activity which means that there is nothing more than a “possibility” in terms of winning while on the other hand losing is a certainty, which means that gambling is filled with uncertainty and obviously with this then we can never use other people's wins as a benchmark to make us also win using the same method, and in my opinion don't bother too much in terms of thinking about winning in gambling, simply put if for example you are lucky then you can also win and maybe with a bigger amount than other people's wins.

TelolettOm

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Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong. I also think that they have the wrong priorities in life and borrow money from everyone, only luck has turned to them. Still, you need to value your health, loved ones and family more. Gambling should be on the secondary level, and not on the primary level like many addicted gamblers. The poor especially should not put it first, otherwise they may simply be left without food, and a hungry person can do a lot of bad things because of hunger.

Actually, we can't blame the poor people to expect of being rich. However, they are choosing the wrong way if they must do all out in gambling. If they do this, it is like wasting time because the chance to be rich in gambling is rather small. We know that most gambling games are based on luck, we have no idea to succeed by relying on luck. That's why most experts advice us to make gambling as a place for fun (entertainment purpose).

It is true that gambling should never be a primary matter, it is for additional matter. If we make it as a primary matter, we are potentially addicted with gambling because we cannot be separated on gambling anymore. We must be wise, make it mostly for fun only! And we don't use much money for gambling because it never increases the chance of success.

Source: stoppress

AliMan

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Quote from: boyptc on April 26, 2024, 06:45:41 PM

Quote from: Huppercase on April 26, 2024, 03:40:41 PM

The only problem with poor people is they don't change tactics, because gambling is working for Mr.A doesn't mean that it will work for you and if it's going to work, you will have to find a way to explore your own options and see the one that works for you and you will be fine.

The case has been like this.

When a gambler sees another gambler that flourishes to the games that he's betting or gambling with for so long, that gambler that sees that other gambler will try to do the same thing and think that luck is with him as well.

And that's why it's true that whatever works for the others, might not or migth work for you but at most times, it is not going to work for the rest of us.

Not a wise idea for a true gambler if he/she based the winning by other person's luck. Luckily that's only a random chance for a person to win within that specific time, and copying the same tactic won't actually work the same for us.
Sometimes it's funny to think about those old people at my local community, they have this misconceptions about lucky colors or any occasion or even that could make them lucky.
Basically their mindset will associated with winning luck for gambling which is really a false belief.

boyptc

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Quote from: Huppercase on April 26, 2024, 03:40:41 PM

The only problem with poor people is they don't change tactics, because gambling is working for Mr.A doesn't mean that it will work for you and if it's going to work, you will have to find a way to explore your own options and see the one that works for you and you will be fine.

The case has been like this.

When a gambler sees another gambler that flourishes to the games that he's betting or gambling with for so long, that gambler that sees that other gambler will try to do the same thing and think that luck is with him as well.

And that's why it's true that whatever works for the others, might not or migth work for you but at most times, it is not going to work for the rest of us.

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Quote from: Onyeeze on April 26, 2024, 02:53:06 PM

Quote from: moneystery on April 26, 2024, 02:20:40 AM

Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

....
Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong.

...

even though they are wrong in this matter, we cannot blame them completely because the circumstances forced them to be like that. poor people have no other way to become rich, apart from gambling their money, who knows, they will become rich in a short time. you can't say that they have to invest or work hard to become rich, life is not like that, they "gamble" every day just to live, where they compete with other people just to survive that one day. that's why poor people gamble more to get money, because with that they have the hope of being able to get money or become rich.

poor people have many chances to elevate themselves from gambling, so what I know in gambling is that it has to do with luck and you maybe lucky enough to win gambling that take a poor man to another heights, we have to understand that gambling have to do with luck, so without gambling poor person have some chances or opportunity to get rich because a poor can use agricultural method to elevate itself in gambling, so its only gambling that will make people to be instant rich, a gambling can equally make a rich person to be poor, so it depends on the believe of the gambler

When we talk about gambling, I don't think the poor are risking much because they might not have enough funds to play bets and make money for themselves. We need to check it out especially when we hear rich people talking about their experience in gambling. Some of them have lost up to a million dollars in gambling and I don't think a poor gambler could have such a money to play games and bet on them with such an amount of money. The rich risk more when compared to who lost more money in gambling. We need to be prepared and wise as a gambler wether we are rich average or poor because that is the only way we could earn from gambling but not everyday gambling.

Huppercase

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Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong. I also think that they have the wrong priorities in life and borrow money from everyone, only luck has turned to them. Still, you need to value your health, loved ones and family more. Gambling should be on the secondary level, and not on the primary level like many addicted gamblers. The poor especially should not put it first, otherwise they may simply be left without food, and a hungry person can do a lot of bad things because of hunger.

They can actually win wealthy money from gambling, let's forget about this gambling for fun we use as slogan all the time. I have seen and know some street boys that have blown through gambling and have little to know background and wealthy people. What help them was been able to explorr lower lines and been smart in game selection and they boom, the money won is not a one time, the are still winning with their strategies till date.

The only problem with poor people is they don't change tactics, because gambling is working for Mr.A doesn't mean that it will work for you and if it's going to work, you will have to find a way to explore your own options and see the one that works for you and you will be fine.

Onyeeze

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Quote from: moneystery on April 26, 2024, 02:20:40 AM

Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

....
Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong.

...

even though they are wrong in this matter, we cannot blame them completely because the circumstances forced them to be like that. poor people have no other way to become rich, apart from gambling their money, who knows, they will become rich in a short time. you can't say that they have to invest or work hard to become rich, life is not like that, they "gamble" every day just to live, where they compete with other people just to survive that one day. that's why poor people gamble more to get money, because with that they have the hope of being able to get money or become rich.

poor people have many chances to elevate themselves from gambling, so what I know in gambling is that it has to do with luck and you maybe lucky enough to win gambling that take a poor man to another heights, we have to understand that gambling have to do with luck, so without gambling poor person have some chances or opportunity to get rich because a poor can use agricultural method to elevate itself in gambling, so its only gambling that will make people to be instant rich, a gambling can equally make a rich person to be poor, so it depends on the believe of the gambler

Accardo

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Quote from: hyudien on April 26, 2024, 01:52:32 AM

Quote from: ?? on ??

~snip~

In fact, the bad impact of gambling is one's own risk which must be accepted, because gambling is purely one's own actions so it should be acceptable, but most people who gamble cannot control themselves so they cannot accept it. that impact and want to improve the situation, but the steps they take to improve the situation are wrong, they gamble again because they hope that by gambling again it can make them win so they can improve the situation.
It's true, chasing defeat is a very bad action. It is also not recommended to do that, after all there is no guarantee that we will be able to win even if we take actions such as pursuing defeat. because that is the only action that will put us in even more trouble.

It's not quite clear what a gambler will do when he loses, but most players have similar attitude of chasing losses. The casino I think is a psychological object and players should be careful of their emotions. Gambling is still fun when the player reduces his drive for money. And focus on something less addictive in gambling. Like building a good strategy able to bypass addiction. People get what they go for in gambling. Exhibiting irresponsible behavior in gambling will only bring forth addiction. Same way adhering to a smart strategical method will put a gambler away from addiction. It's left for gamblers to know or understand that gambling rewards them according to their behavior.

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Quote from: nullama on April 23, 2024, 05:53:24 AM

Quote from: I_Anime on April 17, 2024, 04:20:45 PM

As first being rich or poor doesn't mean one should gamble responsibly, though is true that for to one to win big in gambling one will need to take some certain risks. But we should mind how we take those risk, like avoid going all in at once. Some one who's wealthy and financially stable, will definitely have alot of money to spare in gambling like some good amount of money he could risk without having any fear of losing that money .

While for someone that's not financially stable (like poor), having a spare money to gamble can be pretty hard because at first his first aim would be on how to fed himself and take care of some certain expenses. so if such individual go around taking all kind of risk with his hard earn funds in order to make some big wins , there's a chances that he may endup getting himself poorer (rekt)

So as a poor or rich , any categories at all , we should mind the way we take risk. Because there's some risk a rich man will take that would land him in a state of being broke or poor. So we should always have good principles towards our gambling so that it won't endup affecting of normal lives activities.

Yeah, well, in theory rich or poor can end up poorer anyway.

They can both go "all in" and lose it all.

There is no difference in that, but i think rich people do not need to risk money because they are already rich

Poor people see it as a window to being rich.

have you heard of the "moonshot generation"? some teenagers nowadays prefer to gamble their way into a higher level of wealth instead of studying and going to college or opening a businnes, simply because it's a more exciting way and to be honest probably not a bad idea...
crazy new trends...

hedgeh0g

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Quote from: moneystery on April 26, 2024, 02:20:40 AM

Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

....
Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong.

...

even though they are wrong in this matter, we cannot blame them completely because the circumstances forced them to be like that. poor people have no other way to become rich, apart from gambling their money, who knows, they will become rich in a short time. you can't say that they have to invest or work hard to become rich, life is not like that, they "gamble" every day just to live, where they compete with other people just to survive that one day. that's why poor people gamble more to get money, because with that they have the hope of being able to get money or become rich.

Of course we can't blame them, I never treat the poor or other people who look bad because no one knows what they went through and can't stand in their shoes. Their desire for wealth is completely understandable, they want to be healthier and at least have food in the refrigerator every day and their children too. As you know, there are many more poor people on the planet than rich people, hence the impression that the poor play more often and are more dependent and are ready to bet everything they have, even though it is not much.

Fredomago

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Quote from: Pandu Geddon on April 24, 2024, 09:15:12 PM

Quote from: Fredomago on April 24, 2024, 09:09:34 PM

We need to be practical as what you mentioned, you need to be positive but also we need to make sure that we are careful in terms of our finances, being rich or poor in terms of gambling needs good self control to avoid making big mistakes and lose all your money from your savings, but as long as you have that good control whatever your position in life there's a big chance that you'll be able to avoid losing more than what you can afford to lose.

Though in most cases, rich people is the one who can control as they know how to value their money and they are keen in keeping their setup in terms of controlling their finances and avoid overspending of their balance.

But you have also definitely come across rich people who ended up losing their wealth because of gambling. rich or poor all depends on the gambler's ability to control their finances. at least gamblers should know how much they can bet and which money they should not touch at all.
In gambling the risks remain the same. because the limits of a gambler's ability are certainly different, whether it is a rich gambler who is ready to lose more money or a poor gambler who is ready to lose money within his ability. The most important thing is not to force your desire to bet more and exceed the limits.

You are correct, there are rich people who also suffer the same fate losing everything due to his addiction and I also agree that it depends from how the person treats his gambling activities, though my point is for those rich gamblers who knows how to manage their finances, since they've got a good source of money they can balance the entertainment and the luxury of involving themselves into gambling and not to fall that hard to lose more than they can afford to let go.

Though again, a case to case situation and there's different opinions and perspectives in terms of gambling participations.

moneystery

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Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

....
Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong.

...

even though they are wrong in this matter, we cannot blame them completely because the circumstances forced them to be like that. poor people have no other way to become rich, apart from gambling their money, who knows, they will become rich in a short time. you can't say that they have to invest or work hard to become rich, life is not like that, they "gamble" every day just to live, where they compete with other people just to survive that one day. that's why poor people gamble more to get money, because with that they have the hope of being able to get money or become rich.

hyudien

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Quote from: ?? on ??

~snip~

In fact, the bad impact of gambling is one's own risk which must be accepted, because gambling is purely one's own actions so it should be acceptable, but most people who gamble cannot control themselves so they cannot accept it. that impact and want to improve the situation, but the steps they take to improve the situation are wrong, they gamble again because they hope that by gambling again it can make them win so they can improve the situation.
It's true, chasing defeat is a very bad action. It is also not recommended to do that, after all there is no guarantee that we will be able to win even if we take actions such as pursuing defeat. because that is the only action that will put us in even more trouble.

Dewi Aries

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Let's think in accordance with the fact that, rich people have a lot of money and they can spend any amount of money on whatever they want to do including gambling by risking big money, while poor people obviously let alone gambling, sometimes just to make ends meet such as buying food for the day they have difficulty which means they do not have enough ability to spend bigger money, but here we are talking about gambling which is an activity that will always involve the risk of losing in addition to the chances of winning.

This means that no matter whether you are rich or poor, it is not a situation that can be used as a benchmark for winning in gambling, in the end, no matter how rich you are or how poor you are, if you are involved in gambling, you will have the possibility of losing or losing money, and from this we can already conclude that whether you are rich or poor if you are involved in gambling, it is clear that anyone is prohibited from betting large amounts of money because the possibility of losing will always be a part of gambling.

Obari

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A rich gambler doesn't have to take more risk before he will make money, because the little odds he get,he will play it with a huge amount and it will come out a reasonable amount of money for him.But those gamblers who are not financially bouyant have to take big risks before they can get a huge amount,and their numbers of games must be much and long in order to make a huge profit.
The purpose of all gambling is to make profit,but how often we will win gambling games determined the risk will take and the number of games we play.I love to be a rich gambler so I can be staking huge money on few games and win regularly.

Onyeeze

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Quote from: hedgeh0g on April 25, 2024, 02:58:51 PM

Quote from: Dr.Bitcoin_Strange on April 25, 2024, 02:46:23 PM

Quote from: Rabata on April 25, 2024, 05:09:43 AM

There are some differences between rich and poor gamblers. Some rich gamblers are not very greedy for money while poor gamblers are more greedy for income. Poor gamblers spend more time in gambling. There are many gamblers who cannot afford to lose but still put that money into gambling. A poor gambler usually spends a lot of time in gambling for little money. But that tendency is less common among wealthy gamblers. A poor gambler doesn't always bet with less money in gambling some times they try more to bet more because the poor have a greater tendency to get rich through gambling than the rich.

I doubt that poor gamblers spend more money in gambling than rich gamblers, but if you are talking about the types of people who are into gambling, I would agree that the majority of people who are into gambling are poor and middle-class people. The number of rich gamblers is very low compared to poor gamblers, but the rich gamblers really spend a huge sum of money each time they are out for gambling. Although some poor people feel so greedy and deeply inquisitive about making a quick money, they end up staking their last penny on gambling games, which they will still lose.

Yes, in some ways poor people have an idea of wealth and it is not correct. Some people think that gambling is the means by which they can achieve this, but they are wrong. I also think that they have the wrong priorities in life and borrow money from everyone, only luck has turned to them. Still, you need to value your health, loved ones and family more. Gambling should be on the secondary level, and not on the primary level like many addicted gamblers. The poor especially should not put it first, otherwise they may simply be left without food, and a hungry person can do a lot of bad things because of hunger.

Both poor people and the rich people have experience of making more money but only thing that differentiate poor people to make that money is that they don't have the money they will use to establish it first or to kick off the investment that will give them more money that is why you cannot blame someone who is poor to be getting rich just a sudden before someone who is poor to get rich have an empowerment from somebody else that already has so that is my own understanding towards wealth in poor man and rich person

rachael9385

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Quote from: Dr.Bitcoin_Strange on April 25, 2024, 02:46:23 PM

Quote from: Rabata on April 25, 2024, 05:09:43 AM

There are some differences between rich and poor gamblers. Some rich gamblers are not very greedy for money while poor gamblers are more greedy for income. Poor gamblers spend more time in gambling. There are many gamblers who cannot afford to lose but still put that money into gambling. A poor gambler usually spends a lot of time in gambling for little money. But that tendency is less common among wealthy gamblers. A poor gambler doesn't always bet with less money in gambling some times they try more to bet more because the poor have a greater tendency to get rich through gambling than the rich.

I doubt that poor gamblers spend more money in gambling than rich gamblers, but if you are talking about the types of people who are into gambling, I would agree that the majority of people who are into gambling are poor and middle-class people. The number of rich gamblers is very low compared to poor gamblers, but the rich gamblers really spend a huge sum of money each time they are out for gambling. Although some poor people feel so greedy and deeply inquisitive about making a quick money, they end up staking their last penny on gambling games, which they will still lose.

It's quite obvious that the poor are into gamble because they believes gamble is part of a side hustle, but for the middle class gamblers, they have sometimes gamble for entertainment but when the money for entertainment is gone while Gambling that's when the mindset of winning to cover up their lose but most times they don't win because gambling is by luck. The rich gamblers dint just with fun most times, they want to enjoy every opportunity they have, mostly when it's fun things. The money they spend on gamble, if it's divided in 2 parts I do t think both the poor gamblers a d the middle class gamblers stake can beat it Grin

, sometimes they also see the the rich gamblers like those that over spending on gamble.

Topic: Rich or poor gambler, who should risk more? - page 35. (Read 9664 times)