Rich or poor gambler, who should risk more? - page 43.

Lucasgabd

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Quote from: borovichok on March 25, 2024, 03:21:09 PM

Quote from: Ryu_Ar1 on March 25, 2024, 02:38:34 PM

But from the application that occurs sometimes we also see a lot of poor people even risking all the money they have even though it is relatively low when compared to those who are rich but still it is still very large for those who are poor because it risks all their money quite boldly.
In fact, there are not a few poor people who do that so when talking about the actual risk it is actually greater for those who are poor than rich.

Because for the rich those who do lose money in a slightly larger amount they must know that they still have a remainder that cannot be calculated when losing a large amount in gambling but it will be different if it is a poor person so in this case it is actually important to look from another aspect not only depending on the amount of bets shown but in terms of risk management that is owned.

You are right. Whether an amount is large or not depends on the income of the gambler. The measurement for what a gambler can afford to lose is dependent on the income of the gambler. What gambler "A" will use for gambling might be seen as small compared to gambler "B" even if it is the same amount. To gambler "B" it might be seen as gambling above his means since such amount might be above 50% of his income. I think whether rich or poor, the risk is the same. Gambling is a game of risk and so every gambler have a risk to shoulder. Ordinary, a rich man is expected to bear more risk but this is not always the case.

The poor have flooded the gambling scene and since they hope to make money from gambling they are always trapped in the fantasy of making millions and escaping from poverty. This selfish mentality account for the reason poor people are know for taking uncalculated risk. Imagine a poor man having $20 and then gambling with $15. This is always the case with most poor gamblers and this is not a responsible way to gamble.

that's why it's probably better to measure money in terms of percentage of total wealth instead of total amount
I see that a lot of what we call rich or poor has to do with people being able to manage their finances and have emotional control too.
calculating risks and knowing how to manage it is a must

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Quote from: Out of mind on March 27, 2024, 08:31:58 AM

Daring to take the most risk in gambling, I think rich people because they don't lack money they take risk in gambling anytime. Also, most people gamble for fun and don't mind if they lose money there. But if a poor gambler gambles to change his luck, if he loses money, he must be emotional, for whom it is his greatest risk. When poor people take risks, of course they suffer more if they lose because they cannot afford to risk as much money as rich people. A poor gambler bets with little money and hopes for huge money, but very few people can win such a jackpot. But a rich man who has no shortage of money takes big risks and does not suffer much in his heart if he loses. So I think rich people can take more risk in gambling, but poor gambler never risk much, but he continues to gamble with less money.

I agree poor people can never gamble for fun they have very little money. When a poor person spends his money on gambling he is very optimistic that he will win but when he loses he is mentally broken. It is not possible for the poor to take so much risk. It does not harm rich people to risk their large fortunes because they have a lot of money and can bet big even if they lose. It is really foolish to expect money in gambling as the risk here is high and there is no real guarantee of winning.

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Quote from: Out of mind on March 27, 2024, 08:31:58 AM

Daring to take the most risk in gambling, I think rich people because they don't lack money they take risk in gambling anytime. Also, most people gamble for fun and don't mind if they lose money there. But if a poor gambler gambles to change his luck, if he loses money, he must be emotional, for whom it is his greatest risk. When poor people take risks, of course they suffer more if they lose because they cannot afford to risk as much money as rich people. A poor gambler bets with little money and hopes for huge money, but very few people can win such a jackpot. But a rich man who has no shortage of money takes big risks and does not suffer much in his heart if he loses. So I think rich people can take more risk in gambling, but poor gambler never risk much, but he continues to gamble with less money.

That makes sense, because of course rich people have spare money, so when they gamble with big bets and lose, maybe they won't mind it because they feel they still have spare money, which might be said to be more. and people who gamble for fun are certainly more likely to do so by rich people, because it is impossible for poor people to gamble with the aim of having fun, poor people gamble with the main aim of winning at the gambling they do.

based on the chance of defeat being greater than the chance of winning, what you said is correct, when poor people take risky actions or take risky actions then they will only suffer more, because with the hope that they could win but what happens is a terrible defeat. making the money he gambled lose in gambling. with results that are not in accordance with what they want, it can trigger their emotions to overflow and maybe big problems will occur. Poor people will continue to gamble when they have wrong thoughts about gambling where poor people want a guaranteed win while they are not aware that the opportunities in gambling are very different.

Out of mind

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Daring to take the most risk in gambling, I think rich people because they don't lack money they take risk in gambling anytime. Also, most people gamble for fun and don't mind if they lose money there. But if a poor gambler gambles to change his luck, if he loses money, he must be emotional, for whom it is his greatest risk. When poor people take risks, of course they suffer more if they lose because they cannot afford to risk as much money as rich people. A poor gambler bets with little money and hopes for huge money, but very few people can win such a jackpot. But a rich man who has no shortage of money takes big risks and does not suffer much in his heart if he loses. So I think rich people can take more risk in gambling, but poor gambler never risk much, but he continues to gamble with less money.

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Quote from: Popkon6 on March 26, 2024, 06:53:22 PM

Gambling You usually start gambling with the amount of money you can afford to lose. There are certain tricks in gambling that can be used to win the game. But a gambler can never gamble safely because once he suffers a loss, he will try hard to regain his money. And there will be tension in his house and he will face losses due to gambling addiction. So a gambler must depend on his luck if he wants to win in gambling. But a rich person always gambles in multiple ways which makes it possible for him to win, but a poor gambler will never be able to gamble in multiple ways.

A gambler needs to know that they can only playing gambling with the money they can afford to loses. They don't have to search for the tricks in gambling because that will not be easy as they will risks more money to search for it. A gambler can gets loses more money if they can't controls themselves while playing gambling, especially if they are tempting with the gambling. They will difficult to stops gambling, especially when they lose some money and will wants to try to recovers their lose. A gambler will gets more loses if he still playing gambling and not decided to stops gambling. No matter if he is rich or poor gambler, he will lose all of the money in gambling without having a chance to recover his losses.

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Quote from: Sim_card on March 26, 2024, 10:16:19 AM

Both a rich man and a poor man do have equal risk in gamble. If a rich man gambles with the amount that he cannot afford to lose, he has risk more. Also if a poor man gamble more than the amount that he can afford to lose, he has risk more. The difference is that if they both losses such amount that they cannot afford to lose. The poor man regrets and such amount can affect him negatively, because it was money made for important needs that he used. On the other other a rich man will only feel such decrease in his finance, but as time goes on, he can recover back the money from his business. Meaning he will only be stagnant for a while.

This is true to the ground that it's excessive gambling both rich and poor are equal, if they bet over their limits meaning to say that they are risking huge amount of money, and we can say that rich people also have that kind of risk taking activities to the point that they can let their finances got ruined because of this kind of addictions.

Not all rich people have that control as even they've got source of funds they can ruined on it and put everything to gambling, same with the poor ones who risk it all and lose everything, money that they can afford to lose and lead them being broke.

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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 You usually start gambling with the amount of money you can afford to lose. There are certain tricks in gambling that can be used to win the game. But a gambler can never gamble safely because once he suffers a loss, he will try hard to regain his money. And there will be tension in his house and he will face losses due to gambling addiction. So a gambler must depend on his luck if he wants to win in gambling. But a rich person always gambles in multiple ways which makes it possible for him to win, but a poor gambler will never be able to gamble in multiple ways.

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Quote from: nullama on March 26, 2024, 08:08:13 AM

Quote from: ChiBitCTy on March 23, 2024, 08:12:26 PM

If you're poor you shouldn't be betting a single freaking cent/satoshi on any gambling what so ever. It will only make things worse, in almost damn near full probability. Here in the US we've got video poker /slot machine parlors all freaking over the place. There is more slot machine parlors in my city than any other kind of business by far. Not to mention in most restaurants, gas stations etc. If you visit them, the type of people that are always there...poor people. Same as the majority of people who buy lotto tickets and scratch offs. If you're poor, invest that money in your life, in your future, not in a low odds game or chance. When I see people buying a scratch off I can't help but think how much better that money would be spent taking a shot on some cheap shitcoin.

I actually this is the opposite of what it should be.

A rich person doesn't need money.

A poor person needs money.

That is a fact.

So, if we start with that, then we have that a rich person most probably wouldn't be interested in gambling because they already have enough money. Keyword being enough.

Now, the poor person doesn't have enough money. That means they would be possibly be lured into gambling to get more money from nothing.

You are missing the entire point then and I'm not sure what sort of world you're living in, because these are some pretty ridiculous statements. Wealthy people gamble very often, and just because they don't "need" the money doesn't mean that they don't want more money, or find the fun in gambling.

Gambling is a game of risk, it's a game that poor people should not be taking as the odds of winning are typically very low. Poor people should not be taking such risks. It's insane to think otherwise. Poor people tend to stay poor due to making bad decision, like pissing away their money by gambling.

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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?

For me, everything depends on the individual and their circumstances. So, analyze the people' financial condition. Someone who is not affluent may not have as much to lose if they take a risk and lose, but they may also lack the resources to recover from a loss. In contrast, someone who is affluent may have more to lose, but they may also have more means to recover from a loss. As a result, the choice to accept a risk is often influenced by a person's financial status.
Risk tolerance is also an important consideration. Risk management may also play a role in determining whether or not to gamble, thus a person who is not as relaxed with danger. Even those who are rich may be less inclined to take risks.

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Whether rich or poor, the essence of gambling should pivot on responsible play, so risk with money that one can afford to lose, regardless of the amount. The primary aim should revolve around enjoyment rather than profit-making. This perspective fosters a healthier gambling environment, ensuring that the activity remains a form of entertainment.

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Quote from: madnessteat on March 26, 2024, 10:22:44 AM

Any gambler, regardless of their financial situation takes risks to the best of their ability. Someone more, someone less and it depends mostly on the risk management of each individual player. In a rush of excitement and rich and poor player can lose all their money. There are many stories when rich people lost not only their entire fortune, but also the business that brought them money. So if you think that the rich gambler has more opportunities, you are wrong, because at some point it all may be at stake.

Rich gamble for fun while poor do it to earn some money and the end result for both is same i.e. they both lose money. If you don't know your limits then regardless of your financial status you will end up in loss. It's not correct to say that rich has low risk while poor has more risk associated while gambling. There are many stories where rich people have lost everything in gambling, so anyone doing gambling must be aware of level of risk associated with it.

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Quote from: Sim_card on March 26, 2024, 10:16:19 AM

^

Any gambler, regardless of their financial situation takes risks to the best of their ability. Someone more, someone less and it depends mostly on the risk management of each individual player. In a rush of excitement and rich and poor player can lose all their money. There are many stories when rich people lost not only their entire fortune, but also the business that brought them money. So if you think that the rich gambler has more opportunities, you are wrong, because at some point it all may be at stake.

Sim_card

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Both a rich man and a poor man do have equal risk in gamble. If a rich man gambles with the amount that he cannot afford to lose, he has risk more. Also if a poor man gamble more than the amount that he can afford to lose, he has risk more. The difference is that if they both losses such amount that they cannot afford to lose. The poor man regrets and such amount can affect him negatively, because it was money made for important needs that he used. On the other other a rich man will only feel such decrease in his finance, but as time goes on, he can recover back the money from his business. Meaning he will only be stagnant for a while.

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Quote from: ndutndut on March 20, 2024, 07:39:45 AM

In fact, many poor people get caught up in gambling because they think gambling is the only way to get rich. In my country, several survey institutions have proven that many poor people are trapped in online gambling and even become addicted.

For me, what differentiates rich people from poor people in gambling is just a matter of capital and not being stressed if they lose. Rich people when gambling are never afraid of the capital they spend, but poor people gamble with the hope of winning big so it is not uncommon for them to be willing to commit crimes just to get capital to gamble again.

That is such a sad thing, I hear so many sad stories where people lose all hope in the world and turn to gambling for a possibility of making some money and they lose the very small amount they have left.

I have been very very poor in my life, as recently as in 2024 as well, the first two months of this year I had days where I just drank soup and ate bread, that's it, for many days in a row, because I had no money left and soup is like 10 cents here, and bread is like 30 cents, so a meal would come down to 40-50 cents, and I did that like for a week, once in January and once in February, I was THAT poor, I had no solid food at all, just soup and bread, all day everyday for 7 days in a row.

You know what I didn't do? I didn't gamble at that time. I am better now, I can eat normal food again at least, not rich or anything but not that poor anymore. So if these people did the same, they could do better too.

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Quote from: Frankolala on March 26, 2024, 08:17:09 AM

I disagree with you on those bolded words. Anyone who take gambling as his main income must become an addict, because he thinks he can live on gambling for the rest of his life, which is impossible. This is because you don't want to take life serious and addiction will frustrate such person, because he will always be gambling and will say that he is hustling.

rich people or poor people can go bankrupt or have their lives ruined if they think that gambling can make money for sure or make gambling their main income, with the reality that the only thing that will happen at the end of gambling is losing, then it will drain our finances and It can be stressful if it happens. It is also a wrong idea if we make gambling a source of income in life, because winning at gambling cannot be guaranteed to be easy to obtain and it is impossible for anyone to win at gambling consistently.
It's true what you said, if someone considers gambling as a source of income, it will only make them addicted, and we all know that people who are addicted to gambling cannot accept defeat, directly addicted people will continue to gamble even though they always lose from the gambling they do. . and of course this will make the addict lose more money and maybe even end up in debt in his life, and I think that can make the addict stressed because his life becomes increasingly chaotic.

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Quote from: bayu7adi on March 25, 2024, 04:40:41 PM

Quote from: Obim34 on March 25, 2024, 03:47:31 PM

~snip~
I would not agree with you on this, don't get me wrong on this one, being poor should not limit anyone on gambling as long it is not considered and seen as a source of income, the choice is yours, many has gotten huge raise financially through gambling but prioritizing gambling as the mantle to escaping poverty can lead to severe consequences and hardship.

Nooo.... poor people should refrain from betting even 1 cent in gambling... the beginning of destruction is not those who consider gambling as their main income, but those who try to gamble and bring about the worst possibility, namely addiction.

I disagree with you on those bolded words. Anyone who take gambling as his main income must become an addict, because he thinks he can live on gambling for the rest of his life, which is impossible. This is because you don't want to take life serious and addiction will frustrate such person, because he will always be gambling and will say that he is hustling.

It is not possible to live on false hope, how will you get the money to feed your family. Infact life will be miserable with such person because in gambling, there are sometimes that we don't win for up to two weeks. Gambling is a game where luck dominates than skills, which makes it not reliable. Check out most forum members that have addiction stories to tell, or that are currently still addicted, they will tell you that they were gambling for profit.

If any gambler does not have the mindset of using gamble to double their money, he will gamble once in a while maybe at weekends alone, and when he has important thing to do, he will not give it up and gamble. Little amount of money would be assigned for gambling because losses are greater than wins.

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Quote from: ChiBitCTy on March 23, 2024, 08:12:26 PM

If you're poor you shouldn't be betting a single freaking cent/satoshi on any gambling what so ever. It will only make things worse, in almost damn near full probability. Here in the US we've got video poker /slot machine parlors all freaking over the place. There is more slot machine parlors in my city than any other kind of business by far. Not to mention in most restaurants, gas stations etc. If you visit them, the type of people that are always there...poor people. Same as the majority of people who buy lotto tickets and scratch offs. If you're poor, invest that money in your life, in your future, not in a low odds game or chance. When I see people buying a scratch off I can't help but think how much better that money would be spent taking a shot on some cheap shitcoin.

I actually this is the opposite of what it should be.

A rich person doesn't need money.

A poor person needs money.

That is a fact.

So, if we start with that, then we have that a rich person most probably wouldn't be interested in gambling because they already have enough money. Keyword being enough.

Now, the poor person doesn't have enough money. That means they would be possibly be lured into gambling to get more money from nothing.

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Quote from: hedgeh0g on March 25, 2024, 04:26:27 PM

Quote from: Ryu_Ar1 on March 25, 2024, 02:38:34 PM

But from the application that occurs sometimes we also see a lot of poor people even risking all the money they have even though it is relatively low when compared to those who are rich but still it is still very large for those who are poor because it risks all their money quite boldly.
In fact, there are not a few poor people who do that so when talking about the actual risk it is actually greater for those who are poor than rich.

Because for the rich those who do lose money in a slightly larger amount they must know that they still have a remainder that cannot be calculated when losing a large amount in gambling but it will be different if it is a poor person so in this case it is actually important to look from another aspect not only depending on the amount of bets shown but in terms of risk management that is owned.

For a poor player, the critical threshold is very low after which he turns from a poor person into a beggar who has nothing to eat, and this problem will haunt him every day. After such a bottom, he needs with great difficulty to get out to the previous level of the social hierarchy at which he was before. But this may not happen because it is extremely difficult to do, this is one of the reasons why we see a lot of homeless people and some of them do not want to try to make a leap upward.

Rich players are very far from such a critical social boundary, the only thing that can bring him to this point is too much betting on a constant basis, which can ultimately lead to poor states like the example above, but this happens much less often than with poor players .

If we talk about poor people who have the wrong approach to their gambling involvement or simply if the poor person has entered the addiction cycle then yes of course in the end as you said that they will be at the lowest point in their life where they lose everything which makes them very down and may end up becoming a street beggar who is concerned, And I'm sure in the beginning their main goal of getting involved in gambling was that they wanted to change their lives and they thought that gambling could solve the financial problems they were facing or simply they thought that gambling was a quick way to get rich instantly when in fact it would only make things worse.

Unlike the rich where obviously they have a better financial situation, but if we are talking about addiction or if the rich have the wrong approach to gambling like the poor do then I think the difference is just a matter of time which means that the poor will be faster to enter a critical period in their life due to chronic addiction while the rich may be slower to reach a slump until they lose everything they have because they have a better financial level.

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Quote from: Obim34 on March 25, 2024, 03:47:31 PM

~snip~
I would not agree with you on this, don't get me wrong on this one, being poor should not limit anyone on gambling as long it is not considered and seen as a source of income, the choice is yours, many has gotten huge raise financially through gambling but prioritizing gambling as the mantle to escaping poverty can lead to severe consequences and hardship.

Nooo.... poor people should refrain from betting even 1 cent in gambling... the beginning of destruction is not those who consider gambling as their main income, but those who try to gamble and bring about the worst possibility, namely addiction.

I firmly believe, poor people will have great hopes of winning money to strengthen their finances... but today's gambling industry is not easy to navigate. They may be able to bet with small money, but they will have a big risk of doing something out of control, such as revenge, playing intensely to take back losses, being greedy and so on.

The best advice is, become a person with better financial freedom first, pay off any existing debts... have enough future savings, then you can gamble for fun from that point on. Just focus on financial development first, it's not the right time to gamble for poor people.

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Quote from: Ryu_Ar1 on March 25, 2024, 02:38:34 PM

Quote from: shasan on March 25, 2024, 12:11:16 PM

Quote from: Vladv26 on March 23, 2024, 02:05:05 AM

The amount of money you start with does not matter,as long as you have a good bankroll management and you know your limits. Obviously a rich person can afford to play higher stakes, take more risks, and win more money but at the same time he has much more to lose on the long term because he's got so much money. A poor gambler can only lose the amount of money he has, which is little and even if he ends up losing everything it won't affect him that much. If a rich person ends up losing everything to gambling, that would be a disaster for them and their life. Therefore, both rich and poor gamblers should be careful to gamble and risk only the money they can afford to lose.

You are right as poor people can invest a lower amount the chance of winning is low and obviously the winning will be low as usual. But as the rich people can invest more the chance of winning is also more and at the same time the loss amount also be more than a poor people.

But from the application that occurs sometimes we also see a lot of poor people even risking all the money they have even though it is relatively low when compared to those who are rich but still it is still very large for those who are poor because it risks all their money quite boldly.
In fact, there are not a few poor people who do that so when talking about the actual risk it is actually greater for those who are poor than rich.

Because for the rich those who do lose money in a slightly larger amount they must know that they still have a remainder that cannot be calculated when losing a large amount in gambling but it will be different if it is a poor person so in this case it is actually important to look from another aspect not only depending on the amount of bets shown but in terms of risk management that is owned.

For a poor player, the critical threshold is very low after which he turns from a poor person into a beggar who has nothing to eat, and this problem will haunt him every day. After such a bottom, he needs with great difficulty to get out to the previous level of the social hierarchy at which he was before. But this may not happen because it is extremely difficult to do, this is one of the reasons why we see a lot of homeless people and some of them do not want to try to make a leap upward.

Rich players are very far from such a critical social boundary, the only thing that can bring him to this point is too much betting on a constant basis, which can ultimately lead to poor states like the example above, but this happens much less often than with poor players .

Topic: Rich or poor gambler, who should risk more? - page 43. (Read 9664 times)