Topic: Rich or poor gambler, who should risk more? - page 38. (Read 9664 times)

Almost most gamblers think like that; that's why others think that gambling is a job, and for others, it's just their hope to rise in their states of life. So whether they are rich or poor,
it is the same that they lose gambling, and their aim is the same, which is to win gambling.

So there is no difference between them if we look at it from another angle, maybe only in the state of life, but when it comes to gambling, they are just the same.

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.

This part that you say is very important, a player is a player and that is what Difference totally does , when we are playing sometimes we forget the degree of economy we have, because we can be rich, poor, but what moves us is the interest in the game, in doing things well , it is clear that for a poor person to forget about their money is and becomes financial chaos and is something that should never be overlooked, it is forbidden for a poor person to forget about their Financial situation because you must play with a lot of Moderation, and in the Person who is dirca he plays with more freedom, because it is simple, money improves life a lot and makes it easier , maybe some will say that it is not Happiness, but in my case If I had more it would be Happiness , well, really , yes, and when it came to playing I Wouldn't have any kind of pressure.

A gambler is a gambler whether it is a poor person or a rich person but I think that rich people want to have fun with gambling because they don't have a lack of money while poor individuals just gamble to make more money but with such greedy thoughts they only make their life miserable and all the little amount they have become lost in gambling too.

One should not take the risk by engaging in gambling and this suggestion is for both poor and moneyed people. If wealthy individuals lose a big amount then he will also become addicted towards gambling because one cannot leave to think about the amount which he lost in anything so don't play with your hard earned money.

I find it again and again that when you're dealing with money, specially nowadays that it's so easy to spend, you have to be disciplined and watch your thoughts and actions all the time
I can totally see a gambler losing the hard earned money from a month of a lot of good bets in one or two bad takes, or in a stupid trail of losses where he's chasing

letting things come to you is much better than chasing.

That your question needs a careful answer. Gambling as they said it is a game of luck and with that it comes with 50/50 which of the probability of losing.and winning. And the way I look at it, poor people play gamble more the rich people. Rich people play gamble once a while or foe fun but poor people are playing gambling to win big that would change their life financial history. So when you asked who should play more then it becomes a controversial question because rich people would like to take risk and also the poor would also like to take the calculated risk.
But the poor should take the risk more and why because they are looking for money to feed their families and meet up their families needs. Rich people have already met those up so let the poor also benefits foem thr gambling.

The poor person is always willing to take on more risks than they are allowed to do, and that is not something that can be denied, I am not a poor person, nor am I rich, I think I am in the middle class, but I don't take much risk, because staying without Money and I Realize that I can't afford it, secondly if I decided to make more inventions I would lose everything and thus I would begin to think like a poor person, of course because each person is rich, poor, middle class must have their abilities, very good marked and this can generate that the money then yields, for me things must be clear from the beginning, if I have 30usd I must spend 4 or 5usd, then that is only what I should spend, so I accumulate it for weeks until I have a Big balance for the player, so I think I have a better Chance.

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.

Whoever you are, wherever you gamble and no matter how rich or poor your living situation is if you are involved in gambling then obviously the most important thing is to "risk the amount that you can afford or that you can be responsible for" especially for losing, absolutely no one should take a level of risk that is beyond your ability, no matter how rich you are, because in gambling all the wealth you have can be used up in an instant.

So I think it's rationally ridiculous to ask who should take more risk between a rich gambler and a poor gambler, of course the advice is to take the amount of risk that is commensurate, or according to your ability, or maybe even better is to take the amount of risk that is equivalent to the ability of a poor person if you are a rich person, then obviously the possibility of losing significant amounts of money will be minimized.

We need to be more careful as gamblers since gambling management is not based on our pockets whether we are rich or poor. The mist important thing we need to consider is to make sure we gamble wisely and not too often. There are still gamblers that can not control themselves and would love to gamble more whether they are winning or losing. The interest for gambling is very high and to reduce the tempo could be a problem that is difficult to avoid. We need to make sure we measure the level of gambling we are in whether we are rich or poor so things can be balanced without taking much efforts to get positive results.

I can give you an example where it is much easier for the rich to beat the poor at gambling - this is poker. If you play poker, you know that a position where you have a big pot is much more profitable.
And with such a position, you can literally "crush" those who are weaker and have fewer chips. Therefore, it is much easier for the rich to play this gambling game successfully. At the same time, it is very difficult for those who came in with a small bank for a relaxed game at the table to defeat such opponents.

There's more money in the system, we should be extremely careful because making huge profits deserves good strategies. The rich class already know what it means to make huge profits and also losses, that means they won't be desperate to make it because they've secure other reliable means of making good profits in the system. While the poor will always be tasty to make more from the system, though it's been one of the tough challenging hurdles for people.

When it comes to capacity or capability then there's no doubt that rich person would really be having the advantage on which literally speaking they would really be the ones who would be risking more but since we've been trying out to dragged those poor people then we do know that those amounts that they could potentially losing might be an amount that it would really be also big into them. It is really just that it do really differ in numbers literally but when it comes to status or something that pertains about on the amount that they are risking then it would really be just that on similar sense. Risks and the odds of winning or losing is really just that the same.It is really just that there are people who are really that not mindful about their spending whether poor or rich as long they could satisfy themselves on the time that they would really be playing
on which this is a common case for everyone who do really makes gambling.

Well that's the difference between the poor and the rich, which is where as you say that the rich or people who have good enough financial strength then they have the ability to take a high level of risk and obviously for the problem of victory must also be very large but this will only be able to happen when they are really "lucky" and on the other hand of course the possibility of losing must also be large or equivalent to the amount of money they allocated at the beginning.

What we have to pay attention to here is not the big chance of winning but the possibility of losing, this is what should be paid more attention to and considered from the start, I am sure that when you put a large amount then that means you have high hopes for victory and I am sure this is a typical gambler who is irresponsible or in the sense of not being able to accept the fact of defeat at the end of the session when luck is not on his side. The problem here is that most people are too focused on "winning opportunities" but they don't think about what if in the end they lose, because in gambling of course the name of risk can never be avoided completely, this wrong mindset is what makes people end up stressed or crazy because they only think about winning but don't think about what if they lose.

Let's say rich gamblers do take risks because they don't play all the time just to spend their money and take risks in gambling, usually they only play at certain times, but in contrast to poor gamblers they actually take more risks because they have to fight for money. gamble all the time, let alone they spend their money all the time to gamble, there is no difference with the risk of a rich gambler, actually this depends on views, in fact what I know is that rich or poor gamblers are the same because anyone who gambles has the same risks.

Don't talk about values because we never know how much money a poor gambler spends, for example a poor gambler spends his time gambling all the time from his income working part time just to finance his gambling, because a rich gambler will not spend his time gambling and he only gambling only at certain times and spending money with a risk that he adjusts to the money he is ready to lose, but I think it is poor gamblers who take bigger risks because they easily become gambling addicts too and spend their time gambling all the time, obviously that is different from rich gambler. we cannot measure the risk by how much money is lost but also by time.

there are times when hen even though you've set out a plan that you wouldn't gamble above what you can loose, you might end up breaking you role and playing above what you've set out for yourself.

Regardless of your financial stand, the decision to gamble more depends on your ability to managing your gambling habit. There are individuals that although they have a good amount of money, wouldn't want to spend above 5% of there income on gambling while thier are some poor folks that will go to the extent of spending up to 60% of there Money on gambling. The reverse also happens and what I have come to know is that it's not about once financial strength but more about ones mentality and maturity towards staying strict to what one has determine as a threshold one wouldn't go above while gambling.

if you take some websites like rollbit you can bet with as little as 0.1 usd so this is affordable for everyone
I could see someone who's really interested in football or some other sport and good at betting running an account from 5-10 usd to a couple hundreds
takes discipline and being right.
I won't even say it takes risk management because that's probably too little to bother.

Maybe, at least in this country, if you go to a cheaper country then the minimum bet is very small....

People can end up taking more risk with lesser amounts of money..

That can happen and they might end up losing the same amount of money, but they are under the control of it at least, hopefully...

that's correct
people with more money can afford to take more risks
but the greater too if they end up losing it all or something like that

it's important to be alert and avoid taking decisions out of emotions... going slow is good

Yes, many people hope to get the opportunity to get big profits in gambling to change their economic class and they hope to be able to buy anything from their gambling winnings, actually this is a wrong mindset because they think gambling is to improve economic factors and even though gambling is not the right choice for that purpose , gambling is very risky with accuracy results above 80% certainty that you will definitely lose, so there is only a small chance of getting a big win from gambling so we rarely hear of someone getting daily profits but they are only lucky to get high wins only a few times while they are gambling.

So I agree with your opinion, before losing funds from gambling activities, consider your decision to get luck from gambling, but think that the risk of losing is higher than winning and change your mindset that you can gamble according to funds that can be controlled even if you lose, then some of the funds are used to invest in certain profits such as the very high price of gold.