Topic: Rich or poor gambler, who should risk more? - page 51. (Read 9664 times)

Gamblers must respect their financial status, not minding how much money they've got. Whatever that requires money, must have limitation, so as to extend the duration the player enjoys his money. Gambling has no wagering limits, but wealth has its limits. The rich know the limit to their wealth, how much they're able to spend a day, not to run broke again. A gambler who owns millions of dollars, can wager tens or hundreds of dollars, but may not be able to spend a million dollar daily on gambling.

Limitations help both the rich and the poor. No one owns an unlimited money. So, if a rich gambler mistakenly out of reckless gambling, wagers more than he's able to lose, he'd be sad, going home. The risk should be managed according to the amount of money a person owns, and the average gamblers shouldn't go beyond their limits due to the rich gamblers, playing high amounts, and expecting an enormous return. However, gambling requires risk, but it must not be taken for granted because a player feels he's rich.

In my opinion, the poor shouldn't risk anything at all because they definitely can't afford to do that. Imagine earning $200 a month, having expenses above $200, and still gambling with that money. What's the need for that? Try to find extra sources of income, work harder, earn more money by working hard, and don't try to become rich overnight from gambling because that doesn't happen to everyone. So if one is poor, one should stay away from gambling.

When it comes to the rich, it's their choice. If they know they have way more money than they will be spending and they know they will earn ten folds more than what they might lose in gambling in a month, they can do it because they have the freedom to do so and they are financially capable of doing it.

In gambling, there are risks ought to be taken and there's some that doesn't need to be triggered. The changes keeps coming, the only thing remaining is to stick to one particular patten. In gambling, we just have to do what we think is right, and balance our equilibrium in the space. Rich and poor have business with losing ratio, most of them do actually tender their complaint but at the end of the day, they have nothing to spend other than feeling remorseful for their losses. There are many techniques to apply in the space, one is been discipline and straightforward in the activities we anticipates. Money is important and losing them do hurts alot.

Poor gambler is the one who takes more risk in gambling than the rich one because poor can only bet low bets frequently but high bets - rarely. High bets can even affect his future while rich gambler can place high bets like they are low and low bets itself can't even affect them in any way.
In gambling, most of the time, big win can decide a fate of poor gambler but it rarely decides a fate of rich gambler. Gambling is like a fine ticket also, $50 ticket negatively affects poor person but it's nothing for rich person. Poor has to drive more carefully than rich one.
By the way, both, poor and rich should look at gambling like a way of entertaining and not a way of changing a fortune, that's just my opinion. Yes, sometimes someone's fortune changes but it's just a pure luck. It's not a good idea to constantly bet against the house all the money you have got.

Yes but I think it is very unlikely for a stremer to experience a loss when they do the broadcast because obviously their goal is to get a lot of interested viewers to then enter the site they are promoting, and that means that if it turns out that they broadcast a loss then obviously there will be no interested viewers to come to play on the site that is promoted. It is clear that when a big loss situation happens to us who are ordinary gamblers, it is difficult for us to accept the situation, this is why we are always advised to always put the amount that we can be responsible for in the sense of putting a small amount according to our abilities. For those who are easily influenced by other people's big wins that ultimately make them do the same thing I think for that there is no problem but on condition that you must be able to accept all the consequences, but that is the problem where most gamblers only want to get a big win but are not ready for the risk of losing.

If we still want to be involved in things that are prohibited by state regulations whether it is gambling, or cryptocurrency or whatever it is, it means that we must be able to accept all the consequences that are very likely to happen and happen to you, basically no matter how good you are at hiding it is still ultimately possible for you to get caught and this is actually a choice.

Actually it doesn't matter even if you are rich or you have a good income in life it is still best as you said that they should only take the lowest risk that they can afford in the sense of putting a small amount that will not be a problem if in the end they lose or for the possibility of losing. I think in terms of being involved in gambling it has nothing to do with rich or poor, the point is if you want to gamble then you have to have good management of the gambling activities you do and one of them is by only putting small amounts so that you avoid the possibility of losing big.

No matter how rich you are, you will still end up poor if you treat gambling the wrong way and especially if you are one of those people who have medium or even poor finances, I hope you can avoid gambling. But unfortunately most of the gamblers involved are those who have below average finances or that means they are poor because maybe they misunderstand what the chances of winning mean, they think that gambling can change their financial fortunes for the better when it is the opposite, and the point is that gambling is not a place that can solve financial problems.

Many people, particularly those who are struggling financially, view gambling as a quick method for bettering their financial status and leave their current situation. However, this is a risky and generally fruitless method that can lead to even more financial issues. It's also vital to remember that gambling is a sort of entertainment, not a means of earning money.

Rich people may gamble for pleasure or excitement, but they are not need to do so to survive. In reality, those who can least afford to lose money are frequently the most vulnerable to falling into the "chasing losses" trap. This is because they may believe they have nothing to lose and consider gambling as the only way to improve their condition. However, this is a harmful mindset, and it is important to seek alternative sources of income and personal development.

Why does poor need to relay on gambling to change their fortune?
Both should know how to control their fund, they don't need to increase the amount that they are risking, they should know that they should only risk the amount that they could afford to lose.
Why would a rich person gamble or risk what they have to the point of being poor, and why does the poor need to gamble if they don't have enough to support or pay for their bills and food?

It's true. Rich or poor people if always set risks at high level will go bankrupt. If you are rich, you will lose more money, and if you are poor, you will lose less money, but both lead to the end result of losing miserably. Each player must calculate and determine the level of risk and loss they can bear in each game (usually the safe ratio will be 1% of the total amount), and need to adhere to it strictly. Sometimes, there will be times when we will accept higher risks (for example 2% or more), but I think it should not be too much. If we manage risk well, we can go a long way with gambling, regardless of whether we are rich or poor.

It looks like OK when we see a streamer play with a huge bankroll and when they lose. But, when we lose a big amount, we cannot take it because we cannot afford to lose that much money. But, we easily get impressed when we see big wins from those streamers. We do not understand that they are fooling us and nothing else. Most of us do not think before we make a deposit.

About illegal stuff, there are always some illegal stuff in every country. We cannot always follow the rules of the goverment. Not only gambling but cryptocurrency is banned here as well. So, what we do is, try to stay anonymous as much as possible.

There's no such thing about unlimited funds and we do know that its something that cant really be avoided when you do deal up with gambling on which no matter how rich you are,
but if you dont have that control then you would really be ending up on sleeping on the streets. We've seen on how those rich people do wreck up themselves with gambling.
Heres the example;
https://www.gamblingnews.com/blog/gamblers-who-lost-it-all/
These gamblers are dealing with those physical ones and we dont know on how many had been wrecked up on crypto world if we do speak about those huge losses.
For sure there's those people who do lose up big time amounts on engaging with gambling.

In regarding on whose gonna tend to take risks and lose more then both could really be having those kind of problems on which you might be rich but becoming poor with gambling is easy.
So dont make yourself that too confident that you wont really be wrecked up with gambling because whether you are rich or poor, if you dont have that kind of control
when it comes to fund management then you would really be ending up on losing big time that you havent been able to experience before with your entire life.

but some rich people end up losing everything because of gambling, as well as their businesses which are ultimately destroyed because of gambling.
The success or failure of a gambler is related to their mindset and control over the gambling activities carried out. they can be rich but if they don't have control then everything can run out. Those who are poor can play longer because they are patient and understand the limits of their financial capabilities.

What can influence the amount of exposure to gambling is the age of the gambler, if it is a young person they can take much more risks, as they are still in their productive age, they will be able to work and get more money, now an elderly person generally doesn't have that much space in the job market... A rich person will never spend all their money on gambling, at most a few % of the values directed at risk, that's why they are rich, they know how to manage their money .

Even if they are rich people, they must know the risk and better not to spend too much money for gambling. But as we know that rich people playing gambling just for fun, they don't even mind if they use much money to gamble. They can appreciate their money and using the money for gamble but they also know their limits. They will not breaks their limit by using much money without control. That's different with average people who doesn't have much money which they will use more and more money to gamble because they want to win the gambling games. I agree that they must use the money they can afford to lose and never breaks their limits to playing gambling.

Because of bad decision thinking that they can take a shortcut as if they'll be lucky enough they can win huge sumo of amount that can change their lives, a misconception which really messing with a lot of those poor gambler, instead of taking this place as venue for entertainment they think it can be use as venue to make money and be as source of their income, but instead it was the gambling owners who are benefiting with that wrong treatment thru gambling.

Though both rich and poor can play and be entertain it's on their own way of managing their gambling activities, as long as they are using their time and money properly, they have an equal opportunities.


Without discipline, chances of getting addicted is not impossible, it can happen to both side rich or poor if they will not be care enough with what they are doing, it can simply ruin their finances, both can risk everything as addiction most of the time leads you not think of anything but just to please your lust and desire to gamble.

Anyone, rich or poor, can become addicted to gambling. There is no dispute about this. In gambling without discipline anyone will become addicted anytime. The poor may find it difficult to manage money and the rich may find it easier, but it is not unusual for anyone to have high levels of addiction. Rather, a poor person may become desperate to win from gambling because he needs money. From that point of view the poor guy can get addicted to gambling quickly. This is just an estimate that will not be the same for everyone.

Normally we can take risks only when we have the capacity to bear those risks. Rich gamblers don't have a problem losing money, but it's much harder for poor gamblers to take risks. Because in gambling it is better to bet as much we afford to lose. In this respect rich gamblers have more advantages to take the risks.

It's not just how much money a person spends, but also what percentage of their income they gamble with. Someone who is poor may be unable to afford even a minor loss, but someone who is wealthy may not feel the effects of a major loss. Everyone, regardless of income, can acquire a gambling addiction if they are not careful. It's a complex subject that requires careful consideration of all important factors.

Whatever they did and how much they spent on gambling, they remain on their status as a poor person, and as rich person, nothing has changed. But is too unfortunate for these poor people because instead of using their money for investing or for their savings, they use it in the wrong way making their financial status at worst.

It is never gonna say that gambling is for rich people but also for poor people. However, they need to control their gambling habit and avoid addiction because this will even make them poorer. We can do gambling unless it won't compromise our finances which is what we should put in our mind.

I was thinking this way before but I have come to realise that this is not entirely correct because their are people that do not even have enough money to meet their needs let alone think about gambling. If they put 0.05% of their capital into gambling, it is such a significant amount of money they cannot afford to lose. These set of people are not supposed to gamble because they are actually the people that suffer depression as a result of gambling addiction.

Healthy gambling practice requires that one would have taken care of his basic needs before setting aside part of his funds for gambling. This way, losses will not do much psychological damage to the gambler.

They are streaming and faking all of their wins because they've got a dedicated account provided by the casino that they're partnered with. That's no longer a new thing to think of when many of these streamers are doing all these fake attachments and emotions that are being shown to their audiences because they think that it should how it goes. So, whether they lose or win, it won't matter to them because the balance that they're winning and losing is controlled by the casino sponsor of theirs. And it has only one purpose and that's to entertain their potential audiences and new gamblers.

Well, that's true and not just that. With vast money for marketing, they're catering even sponsorships through clubs from different sports where there's a wide-range of audiences and potential gamblers. That's why it is an important thing to keep on marketing their casinos because it is part on how they're going to maintain their sales and casino for them to have more money flowing in to the casino. Regardless of their life status, what is important to them is each of them are going to contribute to their volume and cash flow.