Topic: Rich or poor gambler, who should risk more? - page 47. (Read 9664 times)

We have to be careful while gambling because if we start gambling with too much focus on what we are playing then something bad can happen to us. Sometimes we have to stay away from gambling. If we ever win extra while gambling we  Lose all money in gambling. While gambling one should start gambling with little money and after some time stop gambling. We should never get addicted to gambling but always watch.

You are diving people into categories and that is also wrong. What if poor people dont gamble to get money, but instead do it for fun? Or course that might sound absurd, but there are those who gamble for fun. What if that poor person has been saving money to make one day of his life special, when he goes to casino and gamble? Everyone can gamble, rich or poor, does not matter. As long as they understand the risk and consequences they might face.

Yes gambling behaves the same for everyone. There is no special exemption for anyone in gambling. so it will be equal risk for all  It depends on what percentage of their income is spent on gambling. The person who spends most of his income on gambling is at the highest risk and will suffer the most if he loses gambling regardless of whether he is rich or poor. So you must be very careful about money management in case of gambling.

Winning in gambling is really hard and chances of winning depend more on luck. In that case it is better not to participate in the gambling of the poor. They have very little money and after losing their own money is exhausted then later they become mentally disturbed which is bad for their family. It is better not to take risk than to experience loss. The right decision to invest from gambling for the poor is low risk here and not all will be lost.

Yes, that's true, because many poor people gamble in the hope that they can get big wins that can help their economy and finances. it is very wrong if they hope for gambling so that they gamble instead of being able to help their situation get better, with the many current cases of gambling carried out with that purpose ending in disaster, in my opinion gambling is probably intended for people who does have money and is ready to lose it.
I agree with you, although in gambling there are wins that can be obtained, but that is not the main thing, because the main thing is defeat which makes us lose money, that is what we have to pay attention to because if we only think about winning, it is very likely that we will experience big losses. just. as has happened in many cases, and I think this can be a lesson for us not to do something similar.

That's the lesson that we must understand that whether if that person is a rich or poor person, he must not risks all of his money and used it all money to just playing gambling because the risks losing the money will be bigger. People who used big money will have a big risks and vice versa so you must understand that it's better to used small money to playing gambling to avoids the big lose because we don't knows when we can win but we can have a big chance to loses all of the money. But many poor man still used big money to playing gambling because they thinks that playing gambling can gives them a big chance to win much money. They don't understand that only gives bigger risks to loses their money and if they lose their money, they will difficult to recovers the lose. While a rich man can playing gambling with much money but that's not a good idea because the risks will also becomes bigger. We must only use the money that we can afford. That's the main lessons that we must follows.

The topic of how much anyone should rich or poor is a thign of personal decision and preference, a rich man might not even want to stake high at all at any match and still prefer the live of using very small amount to win big amounts cause that's how he likes it while another would want to stake high on smaller odds to increase his chance on winning, a poor man would most likely prefer to stake small and try to get rich out of it and other woudl prefer to play safe on it and stake high to on small odds to increase their chance of winning and some woudl still fall in the category of doing both even with their preference beign either, so I think anyone can chose to risk high or small and there is none that is or should be doing it more than the other as long as they obey the rule of stake what you can afford to lose.

Everyone should always consider the potential consequences of their actions, whether you are rich or poor, you should still gamble with caution and responsibly. Like for example you are a rich gambler, at first, you will not notice the impact of finances unlike with poor gamblers. It may not affect them immediately but it will still result with substantial losses. While for poor gamblers, it's natural for them to feel pressure about their financial risk and situation. Although there are chances that they can gain financially by gambling, still need to be careful and not rely on gambling to improve their situation. So, always consider the risk, avoid reckless behavior, and set limits.

I agree with you absolutely, in as much as the casinos too do not have preference as to the rich and the poor, it's also good and wise for the gamblers not to stake using their status as a reason why they engage in such a risk. You should always choose to gamble and risk what you can afford to loose or gamble responsibly and not to think that because you are rich or poor you should gamble a certain kind of way and inturn you end up in regrets after you have lost so much already gambling.

Even the rich with reckless gambling can actually go bankrupt and that may cause him status change and he may no longer have to be seen as rich again because all of that which he did possessed as a rich person has been all lost from his reckless gambling and the poor can actually get wretched gambling too, so regardless of status just make sure to still gamble responsibly.

What I think is that asking who 'should' bet the most is silly.


In general, leaving aside the 'should', what I think happens is that when the rich bet more, they bet more because it is a low percentage of their income or net worth, which can be very similar in percentage terms to that of a poor person. Now, let's ask ourselves why, for example, the postcodes where most lotteries are sold are low income, or why most of the bookies are in those neighbourhoods as well. The rich on average know much more than the poor that gambling is not a good way to earn money. If anything it is a hobby that generally makes you lose money.

I understand temptation being poor and better gambler, but being able to gamble more money to reach new heights when you can become richer. But I reject this idea. Poor people, even if they excel at gambling so hard, need more money to spend in their lives. I know how it feels to be poor. When I was younger, I also imagined becoming rich person by gambling. Specifically sports betting. But over time I realized I need to have initial money so I can feel safe and relaxed while gambling to hit thousands of dollars. I focused on winning hundreds of dollars so.

First off, they'll find themselves in problem gambling. They'll face too many struggles while on their gambling journey. Disappointments, depression, self-doubt, and emotional tension revolve around the player's thoughts. A gambler who gives in to the fact he'd be rich via gambling, figure out later how bad his life has become. Many get reminded by friends that their lives are getting worse daily. The gambler may never notice this in his entire days of gambling. He focuses on generating money for gambling. Neglects other important aspects of his life. His troubles get beyond his understanding at the moment, he can't provide funds for gambling. His productivity may have dropped drastically, wherever he works.

It's disappointing, yes, but the fault goes to ignorance. They were introduced to gambling in the wrong way. Imagine a gambler who joined the niche, because he loves Bruno Mars and tries to do whatever he does, including wearing similar tattoos. He'd go into debt. The reason or enforcer is crucial. Most players who got into gambling problems had the wrong orientation on gambling. That's why they act the way we see them behave. The attitude is not out of their control. Hence, a third party or friend has the responsibility to drive them away from the habit. They need someone else in the driver's seat of their life.

It's goes both ways, risk is risk regardless of who is taking it, and for sure the impact of the risk will ve higher on the poor gamblers since he will not have enough support to fall back to when the risk potentials happens.

Unlike someone who have access to more money, he may not feel the impact of his loses, so the negative impact of loses hit more on the poor rather than the rich.

Poor man has more time to invest we might hope though that doesnt have to be true, the rich man has more capital.  Everyone presumes the man with more capital has the easier task, he can take less odds with less risk and earn the same amount but its also true the richer gambler has the greater amount to lose.

Of the two I would like to argue the poor gambler has an advantage, mainly to be bold with no fear of this loss of what capital you have.  If you have little to nothing then reach for the boundaries of what task you may take on and achieve; its an ironic proposition but quite true the attitude and determination of a poor gambler can be far superior to others.

A poor person deciding to gamble is already reckless and very wrong. I do not support appropriate gambling for people who are struggling financially, there is something more important than testing one's luck, namely being able to eat and live first. Trying your luck cannot be done when the economic conditions are still in disarray, instead of wanting to improve the economy, even though the brink of death is already near them.

Poor people please don't gamble yet. Make sure you don't want to add to the problem first, before the problem of poverty is resolved. It's true, gambling can make money... but also pay attention to the worst case scenario. Don't let it become a life destroyer in one fell swoop.

Rich or poor cannot be used as a benchmark for who should take greater risks in gambling, because each individual has a different financial situation which in turn the perspective on money will also be different, or what I mean is that simply for a poor person $100 is very large but for a rich person it is a small amount and the point is that rich or poor they still have to take risks that they are able to take responsibility for such as putting small amounts of money on gambling.

We must understand that gambling is nothing more than a probability activity that only provides two possibilities, namely winning or losing, and the name of the possibility can never be known about certainty, so it means that no matter how much you put money in gambling with the aim of getting a much bigger win then it will not affect the results at the end of the session, still in the end if you are unlucky then you will lose or vice versa. Therefore, putting a lot of limits is always recommended because of the possible risks that you can never avoid completely and also because of this possible risk we are advised to make gambling a place to have fun without putting any expectations on winning.

No one should risk more then the person effort
 If any person take risk more then the afford the person can take then the user may suffer in the long run. Person has 1 crore Usdt that doesn't mean the person can take risk for all of that fund in gambling.

two things is involved in gambling neither you win gambling to become rich or you lose in gambling to people based on accumulation of debts, so what I will try to advise you is that gambling can make you to be rich when you have the opportunity with a mega amount and the winning gambling with a big amount depends on the amount used to stake the gambling, it is why some people doesn't have the opportunity to win a huge amount of money in gambling that will make them gambling turn into fortune to them why some people who basically been addicted in gambling and continue to lose through gambling, is because many opportunities of losing and it also make them to be poor

Usually people like this just choose to jump directly into gambling without learning and asking anything about gambling to someone who may have knowledge about gambling.

Though the risk is big enough to be able to lose more money, but this also depends on how they use the money to bet.
There are many people who get into gambling because it is just for entertainment alone, it will not be more than that.

But when they find someone who starts to get serious and tends to get addicted, they won't stop betting despite losing.
They will make bets and hope to get a big win on some occasion.

Of course, for these two categories of people it is important to follow a game in which the share of their total deposit will not be significant. In addition to this, I realized for myself that we also still need to be adventurous in the game and use any bonus and promo that will allow us to stay afloat more. And the more we can stay in the game, the more likely we are to hit the jackpot. And no one can influence luck, be it a poor or a rich person. We just have to do what we can influence. So what is known for sure is that you cannot bet your entire fortune with one bet on anyone.