Topic: Rich or poor gambler, who should risk more? - page 48. (Read 9659 times)

Yes that is what I want to said. Most of the time most of the gambler choice the wrong path of gambling they fall into trap of greediness and that's why this choose gambling as there income source and as a result there life in a risk because that time they stake their fund even then they face loss or cross their afford to lose. And we see most of the gambler who have habhit like this those all are in a bad condition in the life they never get the healthy life.

If you look at the current conditions, I actually still think that poor gamblers still have a greater risk because the reason is quite simple where when a rich gambler plays it is possible for them to only spend a small portion of the total wealth they have because it is also already a large nominal to play in gambling as we take the case of Neymar who once gambled losing $1 million it will not affect anything for the total wealth he has but for those whose economy is still standard down or poor category it is still risky because in the end it could be that the bets they play actually become a situation that disrupts their finances.

But in this case there are some other considerations because however we also have to see that sometimes things like this depend on us who have financial management. Regardless of whether we are poor or rich when we cannot manage our finances well in the gambling circulation then all of them have the same risk.

It's a bit irrelevant really, you should bet within your own budget limits and that's all you can do. Almost all gambling, unless you're in a skilled game (which can include sports betting if you've found an edge) will ultimately be weighted towards the house, so given enough bets you'll lose all your money. Taking higher risks when you have less money will just mean you end up in a worse position than when you started. If someone who has little money loses $100 it can be crippling and depressing, however for someone who has a million dollars in the bank it is but a fleeting moment and will barely be missed. There is no such thing as safe gambling that you claim, because then it wouldn't be gambling, it would be a sure thing.

All what I will say is that a risk is a risk no matter who takes it, and no matter the amount put in, it is still called a risk. Why I said so is because a risk is an action taken on a probability, which is the possibility of being lost, so you can’t define that as the person who takes the high risk does it just because of greed. Risk has nothing to do with greed but the mind set because the risk you take determines the trust you have to win or lose because, as a gambler, even though you are rich or poor, as long as you are still a gambler, you most likely know that you may be likely to lose.
 
Although you have said that risk doesn’t determine whether you are rich or poor, sometimes the risk the poor take is even higher than the risk the rich take. It just deals with your perception and expectations of your prediction, so it can never be underestimated. I will just say that risk deals with the state of your mind. 

Anyone who wants success or victory in gambling must take risks and without taking risks it is impossible for gamblers to get the opportunity to achieve this, but the risks taken will indeed be different.
Rich and poor people take risks based on their abilities or resources, when they dare to lose money, it is clear that their risk taking can be much greater.
Moreover, rich people and poor people have different bet amounts, so each of them will take risks based on the amount of money used.

If success was based solely on risk then those who took more bets and bet large amounts would be the most successful gamblers.
But in reality, everything doesn't apply because no matter how much risk take, can never guarantee success and of course the risk is real by causing defeat to gamblers, whether they are rich or poor.

It is such a shame that most gamblers get the wrong perspective of gambling and this propels them to mistake gambling to be a form of investment that you can use to multiply your fortune and this makes them to take risks that they wouldn't ordinarily take on a normal day. It's important for people to be fully educated on the risks involved in gambling before they even start gambling, perhaps this would help them make better financial choices when it comes to their gambling life.

That's right, because gambling with the aim of having fun is much more recommended and indeed gambling is only for that and not to generate or change the fate of becoming rich instantly, what we have to understand is that gambling only gives us all opportunities, which means no more than just a possibility and of course I think you understand the meaning which is the reason why wins always happen occasionally and by chance, there is absolutely no certainty whatsoever that can guarantee you will always win.

Winning always depends on how lucky you are during the session while the possibility of defeat always lurks around you whenever and wherever you gamble and this makes most gamblers experience losing large amounts of money instead of earning what they expected. On the other hand, yes, it's true as you said, don't force yourself to gamble because it's too dangerous and will actually lead you to worse possibilities, and the simple thing is that you can gamble when you have money that you won't be able to use for your needs. other things or that you are able to take responsibility for whatever the results are at the end of the session, especially losses and it is clear that if you have an income that is below average then it is better not to be involved in gambling at all, because obviously even if you are responsible it will still be detrimental to your money to allocate your more important needs.

I will not going identify this who should take more risk rich gambler or poor gambler. And I think that it shouldn't be. Gambling is for fun it's is not a income source. People who ever do gambling they should have the fund as the afford to lose. In this case if a poor person haven't money enough for living a normal life then he shouldn't be inter on gambling. And obviously it should be for all kinds of people.

It's the liquidity that the rich have, which they can use for gambling. The poor only have a limited amount for gambling.
This is why it looks as if the rich risk more but the risk apetite should be seen from what amount of capital a person has and how much % they are risking to gamble.
This varies with every individual and while some risk less, the others risk more because of greed.
It has nothing to do if a person is rich or poor.

I agree that the way rich and poor people see risk is really different
to win big on gambling or even investing requires some degree of dettachment from money, being ok with losing
knowing that it doesn't matter if you win or lose money what matters is how much you make when you win and how much you lose when you're wrong.

A poor gambler should always avoid taking highly risky gambling that is they should continue to play safe to earn some decent income which of course is an extra income, however taking a very high risk gamble in order to win big would result to a bitter problem if they lost that bet probably that would subject them to abject poverty, I think winning little bet consistently without the impression of becoming rich is far better than taking unnecessary gambling in a bid to become rich quickly, personally I never gamble with the aim to become rich rather to earn some decent or extra money, meanwhile the rich can take whatever risk they like because they has alternative source of income should in case they lost their bet.

Rich and poor gamblers who needs to take more risks? In this concern both are important. Because the poor need money and the rich also need money. A rich person has an advantage in taking risk that may not be possible for a poor gambler. A rich person has the ability to continue gambling even after losing repeatedly. On the other hand, if a poor gambler takes risks, his potential financial losses may increase, which may lead to further deterioration of the person's financial condition. But everyone, whether rich or poor, should exercise caution when it comes to gambling. Since gambling is risky even a rich man can lose all his wealth at any time and become poor. So there is no way to boast about the rich.

A gambler must set his limitation in his gambling area. Everyone, rich or poor, should practice responsible gambling and prioritize entertainment rather than gambling as a means of making money. Gambling cannot distinguish between rich and poor.

Risk isn't meant for folks in a specific financial status, anybody can choose to follow the risky aspect of gambling. However, it's not easy to gamble as a low roller and wonder about the right time to make a risky move. The high rollers, consistently wager huge amounts of money, thereby opening opportunities for winning big. Both the high and low rollers, need to be watchful of the game to determine when is necessary for a risk. So as to win a reasonable amount. Unless the gambler is focused on wagering a small amount, he's not meant to go higher than their usual wagering amount. Players who have in mind to hit it big, can try once a while for luck and see if it'll work out.

While the high rollers have a better chance of being called the risk takers, they also make loads of mistakes. Due to the impulse in them that pushes or drags them to wager more, due to the amount on their bankroll. Gamblers need to be smart and principled on whatever strategy that suits them. No need to go hard for what isn't easily reachable. The odds are against the players, casinos don't care who is rich or a low roller. Many rich folks lost a lot in their quest for huge money via gambling. Some ended up in debt. Gambling isn't fair for any player; hence players must be observant of the type of mistakes that await them. High rollers also must respect their limits and obey every reasonable strategy they use in gambling.

Yes you are right, the risk people take is a proportion of their income. The reason it seems that the rich risk more is that people are looking at the total amount without knowing that $100k may mean to a rich gambler what $10 will mean to a poor gambler. To both of them, they are taking equivalent risk and they are the only people that can show you what those respective amounts mean to them. Remember the story of the "widows mites" where small amount was taken to mean even bigger amounts of donation. In conclusion, every gambler take risk in commensuration to their income, only gamble addicts tends to go over the limits and we all know the impact this usually have on their lives.

I must say that I love your points, they are so precise. I said a similar thing in January or thereabout when I last posted here, the issue of being rich and poor is relative in gambling, and no one should generalize it to make it a measure gauge for all poor and rich people. What we should first establish are the amount the rich and the poor are willing to commit to gambling, the rate at which they want to commit it and the frequency of their gambling daily among others. Don't be surprised that the poor may love gambling more than the rich and gamble many times a day while the rich may gamble just once on that day despite having more money. The rich may just wager a little amount and will go his way, while the summation of all the daily gambling of the poor may be way more. Now, of course, if the poor are not addicted to gambling, they should not be doing that every day especially if it results in losses. Aside from addiction, something must have been causing the consistency, which may be regular winning or the fun derived from it. And if the reasons are from the two (fun and winning), then the gambler may still be doing fine since the money commented directly from the pocket to gambling may not be much on every risk-taking, so this is so relative to those factors.

As for the rich, they might also be gambling for fun or seriously as the case may be, and such would limit the amount risked. If your own case is to be observed, of course, rich people are not senseless too, they will moderate their spending while gambling. The fact that you are rich and worth $4m doesn't make you gamble $500,000 at a go, or else you will lose all your fortunes pretty soon. For this, everyone whether rich or poor must manage and moderate the way they gamble, nevertheless, their love for gambling, adduction, risk affinity and the entire benefits from it (money and psychological) will now determine how frequently it is being played by them.

The risk must be justified, and it doesn’t matter whether you are poor or rich, this will not determine how successful you can be in gambling. And if we talk about who has the right to take more risks, then with regard to winnings this remains unchanged, the level of risk does not depend on whether you are rich or poor, if the player hangs up the risks, then he will lose more, this is all he will achieve in taking more risks approach.

No one will see risk and what does not have risk and choose to go by the risk pattern in anything, we are only taking some of these risks because we lack the ability to alternatives and have to go by the only option available with the risk involved, poor people or rich gambler all takes risks and cannot help in many ways to avoid this as long as they are into gambling, we only have to make sure that the ones we are taking aren't beyond the capacity to what we can afford to.

That's a problem that often occurs, indeed many people who gamble have the main aim of getting money or indeed they think that gambling is an instant way to get rich quickly, but that's not true, if they think like that then what will happen is disappointment. , because the gambling carried out will most likely end in defeat, because the advantage that the host has is certain, the host will always win, no one can beat the host because he is the main mastermind who is looking for profit.
That's right, with what you said, I think rich people or poor people are the same, they experience the same risk of loss with the amount of money they bet on gambling, it's just that rich people do have a lot of money and when the gambling they do ends up losing, maybe they won't mind it, unlike poor people who have high hopes, when their gambling ends in defeat then they will likely feel depressed if they can't accept the reality.

When it comes to financial capacity then its common that rich people would really be having that more versatility when it comes to their gambling habit on which we do know that this is something
that would be common sense in compared to those poor gamblers but in overall when it comes to winning chance then it would really be just that the same and this is why it would really be that so wrong that you would really be thinking up that gambling is really just that for rich people. Yes, they could play much more longer and much more bigger bets which is understandable but it doesnt mean that you would really be that having the advantage in speaking about luck factor. It would really be just that the same. It is really just that all matter on how good you are when controlling up your emotion
when it comes to gambling.

Rich could be ended up on being poor and poor could be end up on being rich. Gambling could really give out that kind of chance and this is something a
certain individual should really be thinking up if they dont really want to happen into their own lives. Be responsible and set out those limits and moderation.

In my personal opinion, when someone enters the world of gambling, they must be prepared for all the risks that may occur. Therefore, in the world of gambling, where the possibility of winning is large, the possibility of losing will definitely be very large too. Besides, in this context, rich or poor, it's the same ( have to dare to take the same risks). Because when someone enters the world of gambling, like it or not, they have to be ready to take risks. Whether it's for rich people or poor people. Because if a gambler is not ready to take risks, in my opinion that person does not deserve to be called a gambler. Therefore, when playing gambling, we have to be prepared for what is called defeat. Because if you are not ready to lose, when experience defeat, quite a few gamblers will blame many parties. It's like blaming the site where gamble, or if gamble offline will definitely feel cheated by gambling opponents at that place.

Therefore, as you said at the beginning, gambling is done for fun. So it doesn't matter if you lose, because the main goal is just to have fun. However, when you win at gambling, it is a prize or bonus that you can enjoy. In simple terms, that's what the world of gambling is like. So in conclusion, rich or poor, in the realm of gambling you must be ready and brave to take all risks. And regarding big or small risks, I think it's the same. Because for a poor person who gambles with capital of 100 dollars, the poor person certainly thinks the risk he has to take is big. Because 100 dollars to that person feels very big. And that's what rich people will definitely feel, of course it won't be much different. The difference is only in nominal terms.