Topic: Rich or poor gambler, who should risk more? - page 4. (Read 4500 times)

That's right because gambling can eat rich or poor people without they realizes. They can lose all of their money because of the temptation from gambling can makes them forget with their rules and that can makes them to keeps playing gambling without stops for a while. The risks will becomes bigger if they don't realizes of what already happens to them because they already gets tempts from gambling. Only people who can manages the risks better that will not gets the problems and they can use gambling to have fun and not for makes money. They will always remember their rules and will not trying to breaks it because once they breaks it, they will gets deeper in gambling and they will hard to leaves gambling if they don't have strong minds to steps out from gambling.
Both rich and poor people will have the same risks so they must knows how to reduces the big risks.

Casino owners spend time and money to create alluring offers where gamblers will be engage and keep them stay, from that kind of situation rich gambler who knows how to control can take advantage of it, they know how to spend their money well and they understand the concept of wagering their deposit and in return they can make some decent bonuses out from the money that they deposited,

unlike with poor gambler where the amount that they deposit mostly intend to use only for betting and they are not well aware of those wagering opportunities, they just bet and hope for luck to double or to give them decent amount of winnings and nothing else after that, while rich gamblers who enjoying the offers can make that additional winnings aside from the luck that they are expecting while playing the game.

Well, right, I agree with your income and we think in this matter which in common sense can ensure that gambling is not measured from rich or poor, one of the reasons is because anyone involved in gambling will have the same possibility, especially in terms of Loss of money, logically as rich as you are, but if you have the wrong approach to gambling, it is clear that in the end you will end up being a poor person because treating gambling in the wrong way will usually make you lose money in greater amounts than the victory.

On the other hand we must understand that victory is no more than just "opportunity" which means there is absolutely no guarantee that you will be able to win whatever the level of risk you take, and as we see that quite a lot of gamblers suffer from loss of money in large amounts And that is those who are always excessive in treating gambling activities, one of which is gambling with a large level of risk. In the end it is clear as you suggest that there is nothing better than gambling by putting the amount that we are able to be held accountable because no matter how big the amount you allocate it still cannot be made as a guarantee to win, and I am sure that all gamblers are not Like the name of losing money especially in large quantities, so try to respond to everything rationally so that you are not wrong in making decisions.

I think I will beg to disagree with some of your points because the same pressure that is felt by the so called is still felt by the rich boys too because the two peer don't actually bet with same range of funds and that's because the level aren't the same but the fact is that the money that poor gamblers used and rich gamblers use are actually rated same in terms of losing because a rich gambler might see 100$ as nothing and tend to gamble with 1000$ but the first money is a normal for the poor gambler.

Yes, in essence, rich gamblers can gamble according to their wishes and they don't really think about the money limit for betting because rich gamblers have a lot of cash reserves so they think that if they lose their money they can still recover quickly as before.
Meanwhile, poor gamblers who play gambling first see whether the money in their savings is still enough to be used for gambling or not because poor gamblers still need to reconsider if their money runs out if they lose at gambling, therefore poor gamblers are very careful in betting the money they have. large enough.
Rich gamblers do not experience pressure in any form, while poor gamblers experience financial pressure.

Yes, of course casino owners only think about how they can gain a lot and lose a little by releasing lots of promising game tricks so that casino owners hope that poor gamblers and rich gamblers will dare to bet on their gambling platform. and what is different here is how rich gamblers and poor gamblers can control themselves when playing the gambling they have done.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.