Topic: Rich or poor gambler, who should risk more? - page 46. (Read 9659 times)

Everything will depend on the attitude of each gambler, those who can have wise attitude towards every decision will definitely be able to take the right steps, whether it is winning or losing, there will always be sense of being able to accept and determine what to do.
After all, they are faced with huge risks that are always there and of course every gambler must be able to maintain himself in any condition and with whatever results occur.
And as I said before, rich gamblers and poor gamblers will have different risks based on the resources they use, rich people will be able to win big when they are lucky and lose big when they are unlucky, and vice versa for poor gamblers.
It just that the relationship between rich people and poor gamblers can be quite significant and we can see how much money is used.

It is true that gambling makes no distinctions depending on a person's social level. In reality, anyone can win or lose, regardless of their background. I believe it is more essential for gamblers to remember that gambling is a game of chance in which no one is guaranteed to win or lose. So the concept of "getting them right" is primarily based on luck, but it also includes a skill component.

Gambling involves both chance and skill. For example, in games like poker or blackjack, players can utilize their understanding of the game and strategy to improve their chances of success. In poker, players must know when to hold and when to fold, whereas in blackjack, they must know whether to hit or stand. Of all, even the best players can lose to chance, yet talent does play a factor in a player's success.

Calculated risks can potentially lead to big wins, but the odds are always stacked in favor of the house.  Imagine someone meticulously planning their bets, only to be foiled by a stroke of bad luck.

The question of who should take more risk – the rich or the poor – is a complex one.  You're right – a rich gambler can absorb losses more easily than someone struggling financially.  However, focusing solely on financial standing misses a crucial point.

The core issue is the mindset of chasing riches through gambling.  This desperation, particularly among the less fortunate, fuels risky behavior and potential financial ruin.

you are correct and to add up what you said, when gambling we shouldn't have this mentality that only the rich are eligible to lose more than the poor what we should understand about gambling is that it doesn't count whether you are rich or poor what counts most is how correct are you with your games. If you got them right then you stand the chances to win but if you get them wrongly then you stand the chance to lose them at this point it doesn't obey any class of people that is gambling at that time.

We can only give out what we can afford to lose so it's to the rich, sometimes they gamble with they can afford to lose, therefore your spending and that of another's spending can never be the same because your finance level can't be equal so everyone gambles according to how they can be able to accept the risk of losing their money.

It is essential to approach gaming in a sensible and cautious manner. It's easy to get caught up in the excitement and thrill of it all, but keep in mind that it's a game of chance, and the house always has the advantage. I believe there are particular methods that may be used to promote responsible gaming. For example, there should be restrictions on how much someone may gamble in a specific time period, or there should be mandatory breaks after a set length of time.

Both responsible and irresponsible gamblers consist of high and low rollers. No cheap gambler, gamers can't be tagged poor, it's better called low rollers, as we can't determine for sure who's poor, indeed. A rich player can decide to be a low roller and a poor high roller. That is gambling above his income. Hence, the attitudes of these sets of people must differ, gamblers who are irresponsible have the same behavior regardless of their financial status, same as the irresponsible players. We all know what happens when one chooses to be irresponsible in gambling. If he's rich, he could end up poor as you said. Risk in this context means who gambles with a huge amount of money. A poor person can't afford to wager a huge amount, but what makes him a high roller, can be a low rolling for a rich player.

So, the risk for a person who doesn't possess lots of money could be going the extra mile by borrowing, illegal businesses, to raise money for gambling. However, trying to match this context of reason can be difficult in terms of behavior and type of gambler. Looking at the perspective of a rich player who chasing losses, is he actually in need of the money or addicted to the behavior? He's rich and may not be seriously on the lookout for more, to the extent of chasing losses. He could wager a huge amount and wait for another time to gamble. Unless he wants to go broke, then chasing losses while wagering huge amounts will take him there. Gambling is a risk for everyone, and the amount we wager doesn't define whether we are rich or poor in real life.

Fact - There are still many people who think like that by expecting too much when they win then they will get out of poverty even though this is the wrong behavior but they still believe in this even though many have warned them.

In the event that you've got a lot more than a few years of experience, you'll be able to take a look at a few of the best ways to make sure that you're getting the most out of your time and money.

When a gambler expects money or profit from casino games then he will not get except more losses, but we must be aware of playing with little money and ready to lose, even if you lose you will not be dizzy.

That's how every gambling game goes and there are more losses than wins. Maybe there are still quite a lot of gamblers who are aware of this and they are too lenient because they keep getting what they want. Here I call it joy and they forget that they often lose in gambling. Emotions will subside if they win and that is a mistake they cannot control. It is better to gamble at another time and I agree with you when you have made enough money that day.

What you said is correct. In today's time, when the level of poverty in people's lives continues to rise and the percentage of poor people is also high, so many poor people rely on gambling to get out of poverty. their current life.

So it is also obvious that most of them gamble in online casinos and bet on the lottery in the hope that they might get the main jackpot in the casino, especially now that, unlike before, they are all middle-class and rich people and only people can go to the casino, but now there is a casino online where even poor people can enter a small amount in the casino via online.

That is guaranteed in gambling, to lose. Being rich or poor, it doesn't have any difference at all when you're going to lose money. You can win but not a lot and then lose again. The cycle will continue and it's like how you'll keep your money from your wins. If you're not wise and manned up, you'll lose again that money to the casino but if you keep the entire thing and just gamble some other time again, see that it doesn't matter whether you're rich or poor.

Indeed right! If you treat gambling as main source of income you'll mostly end up ruining your finances,  as you mentioned two things can happened win or lose and inside gambling most of the time losing is by far have the most results,  though by chance you can win sometimes but eventually you'll lose, both rich and poor can have similar outcomes,  but unlike with those rich people who got additional source of finances they can let the money while the poor ones when they lose it will impact to their financial capabilities to the point that they needed to barrow money to survive for their needs.

Neither of them should take too much gambling risk, someone who is rich may gamble with money that means a lot to a lot of people, but to the person it is not so much; however, if that person continues to take such risks, it could turn into an addiction and they will start staking with amounts that are too much, even to them and that could affect the person's finances.

It is recommended to only gamble with an amount that you can afford to lose, do not take too many risks, because it can turn you into an addict and before you know your financial life would take a hit, so better to control your gambling habits when you can.

I like the way you put the word 'throw away your money' some gamblers don't understand that gambling is just like throwing away your money, but the difference is that, you might be lucky that the money thrown away can bring some of the money that you have thrown away back.

Whenever anyone wins, it means that gambling is encouraging you to continue with your gambling activities but not to over do it. It is when you over do it, that it will become a problem to you. You will not be able to control yourself and you will use the money for your needs to gamble,because you got addicted by chasing your losses.

I think you're exactly right, the main problem with most gamblers is that they consider gambling as their main source of income which isn't correct at all. In gambling we have both wins and losses, and if someone  considers gambling as their main source of income then they will have to face the losses that are always present in gambling.

The ones who take risk with their money often have to keep in mind that the chance of losing bets is way higher in gambling than winning those bets. That's why I believe one should gamble only with the money that he/she can afford to lose because if you gamble with the money that can impact you financially then you're in the wrong direction.

Before starting to gamble or indeed intending to gamble, you must first ensure that the finances obtained do not really interfere with income for basic needs. Gambling is just to throw away your money in an agreed amount, so be prepared to lose without exception wanting to chase anything. Regarding betting large or small amounts, as long as the allocated funds are ready to be thrown away, it doesn't matter, because the problem that is often encountered is those who mix gambling with their main income so that it is difficult to prevent it when they become addicted.

Good point, we'll leave aside the rich or poor bit and it's true that it all still depends on how they approach gambling, if it's basically as you say that they have a strong ambition and enthusiasm for gambling along with some addictive mindset then it doesn't matter if they're poor they're still going to treat gambling with an aggressive approach, and the point is rich or poor if you have the wrong approach to gambling then obviously the rich are going to be poor and the poor might sacrifice their lives just for one spin based on luck.

One of the reasons why losses are more common than wins is because casinos apply a larger percentage of losses than wins, and I think it's a natural thing because after all this is a business for casinos which as we often hear that overall wins are actually only for the casino itself in the long run, and gamblers only get occasional wins that come by "chance" and also those that depend on luck, this is the reason why you can lose more if you basically put seriousness because all wins are nothing more than "possibilities".

On the time that you do lost your control and having make yourself that falls down into that emotional condition on which you cant be able to already distinguish whether the things you've been doing is already that bad and not something recommended but since you have been clouded up by greed or some kind of desperate condition then you would likely be ending up with that kind of path.
In speaking about on whose the one would really be risking more whether the rich one or poor one? Then there would really be no such difference because it would always be that busting up
all the capital you would be having whether you are rich or poor. Balance would really be that different but it would really be something significant in both sides.

some say focus makes a man
if you're not centered and grounded you can get lost by the thoughts and desires and end up engaging into revenge gambling or something like that
or not knowing when to stop
or falling for simple triggers that will end up zeroing your bank account

That's clear, because in my opinion the winning percentage is smaller than the winning percentage and what you have to remember is that it cannot be changed, even though we gamble frequently, that doesn't mean we can win easily, because there is no way to can win easily. It's true what you said, for those who don't have good finances or are poor, please don't put too much hope in gambling, because even if they gamble to improve their financial or economic situation, it doesn't matter but the losses will be more dominant and more frequent.
If indeed we gamble with the aim of winning, then given the fact that defeat will occur, it is likely that what will happen is excessive pressure because we cannot accept the defeat that occurs and that can trigger or cause us mental disorders, of course this is very scary, unless it is true. can accept defeat, maybe everything will be fine even though the money at stake is lost in gambling because the final result is defeat, not victory.

I agree with you, that makes sense too. because every person has a different financial situation, and in my opinion this also depends on the gambler's approach to gambling, because even though their finances are bad, if they have a strong approach to gambling because they are chronically addicted then they will gamble even though They don't have good finances, but if they are seriously addicted then it is very likely that they will force themselves to continue gambling by doing anything that can make money for gambling.

That's true, indeed gambling will only end with two possibilities, namely winning or losing, but in my opinion what will happen more often is that the end of gambling is losing. We have to be aware of that, because it's true what you said is that the possibility cannot be guaranteed in the end, but with gambling the only thing that can be guaranteed is defeat.