Topic: Rich or poor gambler, who should risk more? - page 4. (Read 9655 times)

gambling is all about risk and for sure it the rich guys will gamble more because he have the resources to do that, and also he can easily recover, so since he takes the highest risk he rich fork will get more rewards because gambling is all about risk, when you don't risk you can rewards and same goes to the poor guys, when they lose, they take a brake from gambling and take long time before they return, and that can limits they amount of winning although it also reduces the level of loses since he won't be gambling and taking risks, so the level of every of his risk is minimize, but for the rich gambler even though he loses he have every thing in place to always bounce back and continue to gamble again without much stress.
I have read in several threads how Drake a popular musician keep losing huge amount of money and still he keeps playing, such a rich guys vhave several means of income asides from his music, he also an ambassador to stake, the world leading cryptocurrency casinos who's gambling sites have been actively growing over the years and a large track record of rewards pay out to such rich gamblers who risk such founds on bets.

That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.

And I think that's the problem with why a rich man can become poor in the future. They do not think about what they have lost because they think they have loads of money but the truth is it will be gone if they keep on playing and losing.

I think the poor gambler has a higher chances to win because he thinks of money so dearly that he won't spend it unwisely. Every round will be important for the poor and would not play hastily just because they want more. They might even withdraw at the mere win of exactly the minimum withdrawal point and they won't be back for a while.

Yes and that means they maintain their own stupidity, to be honest maybe some time ago especially when I was a beginner in gambling I also had a mentality like that, in the sense of being so obsessed with winning, but with the slump that I experienced some time ago it really became an experience that taught me a valuable lesson that putting hope in winning in gambling is a big mistake, which in fact indirectly you are directing yourself to various possible bad impacts. As we know that it is indeed difficult to advise people like that, it is difficult to say that it is a mistake when they still think that it is the most correct. So maybe in the end they will also experience what I experienced and I just hope that the slump can tell them that all this time they have been on the wrong path.


Well that's what's worrying, as you said that they gamble using the money from their hard work, actually it doesn't matter if they  can manage it properly, in the sense of only  allocating a little of their total income such as 1 - 5% to fulfill their gambling habits, but if it turns out that the percentage is close to 70 - 80% then it is clear that in the end it will be a big  problem, and I am sure that they will always have difficulty in meeting their daily needs, this is why gambling is always recommended to be done  only in moderation, and this is also the reason why we must know and understand what and how the word "opportunity" really  means.

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.

I could not agree with you that if anyone has a wrong perspective then the person will take part in gambling and if not then that will be the question. Where the user may take part o  gambling and take the risk when they feel comfortable. If anyone doesn't feel comfortable then the user may take part in gambling.

By having discipline there should be no risk of falling into addiction because we are people who basically function under a scheme that if I reach a limit then we must do a certain activity, then this should apply to everything, when we look at our activities and we see that we are going to reach a certain level of falling into something bad , up to there it should lead to an activity, for example if we are going at high speed in a car we must brake a little at the moment of making a curve, if we do not do it our chances of having an accident will Increase and if there is a cliff then we must be more cautious, in case we do not do it it is our responsibility if it happens, that is how it is with that Analogy.

It is true that there is no difference between the rich and the poor in gambling because here one's own luck is overestimated. So the better the luck, the more he will win in gambling. However, poor and rich people may have different gambling styles. A rich person can bet again after losing because he has the money to make new bets. In that case a poor gambler bets only a few times and runs out of pocket money very quickly. A rich person has plenty of funds whereas a poor person doesn't have much. If he loses gambling, he has to sell assets and take loans to make new bets.

Rich and poor people who still playing gambling must realizes the reality from gambling so they will not trying to risks too much money even if they are rich. Rich people can bankrupt in anytime when they playing gambling because gambling can makes them forget what they must do. They will not thinks rational when playing gambling because they want to win the money and get out from the casino with a lot of money. But that will not always happen because they can risks too much money to make money so they must understand that they don't have to do that. Otherwise, they will lose much money and will difficult to get their money back.

Poor people who use gambling to make money will not easily to win but they can lose all of their money in gambling. When they can understand the big risks behind of playing gambling, they will not trying to playing gambling too long. They can accept anything they get from gambling because the risks will always be there. If rich and poor gambler know that gambling is not a place to make money, they will not spend too much money instead just use the money they can afford to lose.

They are high addicted gamblers who bet more than 50% of their income, they do not prioritize basic needs but they prioritize the need for funds to gamble, but unfortunately they are aiming for big profits and they know the risk of losing is something that must be accepted and they ignore the risk as if they have one big hope to get the jackpot, they repeat gambling activities every day from the use of daily or monthly income funds, in my opinion there is no solution that can stop them from gambling addiction unless they realize that they are counting all the funds that have been lost from their hard work.

Of course, that is the reality of the goals of most poor gamblers. They gamble not for fun, but they gamble to get lucky and make money. It's up to how other users view it, but I have to say that it's a fact. I don't need to count the number of people I know who are poor gamblers, their goal in gambling is to double their money in the hope that they will be lucky that day.

The most annoying thing about these people is that they gamble from the results of their hard work that very day. They work not to cover their living expenses and needs, but rather work to fulfill their gambling desires. It's not uncommon for me to find them asking for loans to buy some necessities, while the money they've worked for is spent on gambling.

Yes and I think it makes sense with what I said above especially regarding poor people in their involvement in gambling, although I can't fully confirm that it is true but I think if we consider the financial situation of poor people with a rational way of thinking then most likely yes they come with the aim of multiplying their money, logically yes as I said above that someone who is experiencing financial problems will definitely never like losing money, meaning I am quite sure that their goal is not to lose money but to get money.

Apart from all that of course rich or poor will always be faced with high risks but it also depends on how their approach is and what they are really looking for in gambling, overall if the goal is to get a lot of money then it is clear that their decisions and actions will certainly be much riskier.

In the end yes of course you said the right thing that gambling always provides us with the opportunity to win, but clearly defeat is also another part that will always be possible to happen, and this is why a gambler should not only think about his victory.

Yes, the injuries to the rich and the poor are not so much discriminatory but the starting point of a rich person is not that of a poor person can be compared, the injury side is similar while the recovery side is relatively in favor of the rich because no matter how much a rich person squanders their assets, somewhere in their relationships and accumulations they can find space and time to overcome temporary crises. The poor cannot struggle in such a way when their social status is particularly low, there is no space for them to cope and also lack of time for them to recover, thus, they are more likely to get more ulcers from gambling.

Just as rich people have the potential to lose money in gambling, so do poor people. Gambling is completely based on luck. We often see that many professional gamblers get defeated in gambling and lose money. So in gambling one can never be sure that he will make money.

I think gambling is risky for both rich and poor people because both have the same chance of losing money. But it doesn't hurt rich people more than poor people if they lose gambling because they are financially independent. But if poor people lose gambling it hurts them more because they are not financially independent. So maybe it can be said here that poor people are more vulnerable to gambling than rich people. Moreover, according to your words, if the poor choose gambling to earn money, then it will be their greatest folly.

You are right that the rich or the poor do not qualify differently to play at the casino, but you should take into account their stability and daily activities or addictions. Most of the time rich gamblers try to avoid addiction in every aspect of gambling because they already have a lot of money but relatively poor gamblers often fail to avoid their addiction because they want to earn more money. So every gambler rich or poor should use gambling for entertainment purposes with limited funds and time.

Gambling is an uncertain and high risk game, there is a high risk of losing money if not played properly, but luck also plays an important role. Basically your luck, experience, skill are all equally important in gambling.

Whether a gambler is rich or poor, they all gamble to win money. But there are some differences between them, like a rich gambler can maintain his financial stability even after losing his money in gambling, because he is rich, he does not lack much money.

A poor gambler in that place, who loses his money in gambling, has to deal with a worse financial situation, which is more difficult for him.

But it is true that if a poor gambler wants to change his luck and become rich then he must take risks. But one thing should always be remembered that gambling is not a sure way to make a poor gambler rich. Gambling should always be thought of as having fun. And one should always search for the right way to get rich by changing fortunes, such as investing and holding.

So, gambling is not safe for a poor gambler, but rather risky. It is always wise to choose the right path to change your fortune.

For those who gets money easily literally gets it form their job maybe but then gambling is gambling and rich or poor is never a thing considered by the casino or even the gamblers, at that point,it feels like e everyone is equal and so they can literally be able to make he best of gambling if they use their opportunities and the casino is not going to consider if they a re poor or rich bot at the point of staking and at the point of paying out to those who won their games. When you gamble, it should be for the sole purpose of having fun or making money and not trying to distinguish status.

To me using $100 to gamble is way too big to be considered as what one can risk  . Though most people sees as small amount of money but there's certain amount of $100 you may loss and think is a small amount of money, but when it will get to point you will know that the amount of money you considered small turnup to be something huge after calculating the losses

A rich person just happen to be a person that has much opportunity to get much more money while a poor person or an average person has a small way. However, the struggle on how we make this money is what make us feel pain about the money. A person that do make money through money laundering will be consider a rich person but I'm not sure if he spend such money in gambling is going to feel the same thing with a person that work for 30 days to make the same money.

If you work for your money and try to gamble it, you will feel the pain in all your body but even as a poor person, if you are given money for free and didn't work for it and gamble it, you might not really feel the pain like that compare to if you have really work for it.

The poor folks chasing losses with bigger bets? Thats not just bad luck, its financial suicide. Rich people gamble differently. They can take a hit without missing a meal. Its not about being braver, its about having a safety net. Poor folks dont have that luxury. Its a sad truth, but gambling often highlights the harsh reality of financial inequality.

We need to be straight with ourselves about gambling. Its not just fun and games. Its about calculated risks, and the stakes are high. We need to encourage responsible gambling, not just because its the right thing to do, but because its good for the future where smart economics are made. Lets protect the most vulnerable players from making decisions they cant afford