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Topic: Rich or poor gambler, who should risk more? - page 53. (Read 9664 times)

hero member
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February 26, 2024, 06:15:28 AM
Playing gambling is no need to use much money because poor people can enjoy playing gambling with enough money. They can minimize the risk not become bigger by always limiting the budget that will be used for playing gambling.
By rules, the poor aren't supposed to gamble because gambling is only good and fun when you have extra money to spend on it, it's not a way to earn money because it's a luck-based activity. So even if one is willing to try their luck, they should only do it when they know they have some money to spare after covering everything, and that isn't possible when a person is poor. How can you earn a minimum wage, manage your household and personal expenses, and then gamble as well? You can't even save anything when savings should be a higher priority for any person.

Most people that are poor tend to think that gambling might change their faith some day, but they don't understand that the money that they are constantly losing on gambling could be used for something better, maybe save that money and start a small business some day.
Poor arent supposed to gamble? It should be considering with their financial status on which we know that it would really be that a bad idea on dealing up with it but if that poor one would really be
just having that kind of leisure seeking kind of intent then i would say that it is really just that that fine on dealing with gambling. Doesnt matter whether you are rich or poor on which it is really always important that you should really be only playing on the time that you would really be getting bored. Dont tend to make it as an income because this is where people do usually mess up their lives
because of bad decisions towards it. The main key on here is that you should be making yourself wary about the risks involve with then then you would really be just that fine.
sr. member
Activity: 2296
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February 26, 2024, 05:48:21 AM
Playing gambling is no need to use much money because poor people can enjoy playing gambling with enough money. They can minimize the risk not become bigger by always limiting the budget that will be used for playing gambling.
By rules, the poor aren't supposed to gamble because gambling is only good and fun when you have extra money to spend on it, it's not a way to earn money because it's a luck-based activity. So even if one is willing to try their luck, they should only do it when they know they have some money to spare after covering everything, and that isn't possible when a person is poor. How can you earn a minimum wage, manage your household and personal expenses, and then gamble as well? You can't even save anything when savings should be a higher priority for any person.

Most people that are poor tend to think that gambling might change their faith some day, but they don't understand that the money that they are constantly losing on gambling could be used for something better, maybe save that money and start a small business some day.
legendary
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Leading Crypto Sports Betting & Casino Platform
February 25, 2024, 10:40:59 AM
That's right, I know about it too, the stremers or influencers who do gambling shows with very lucrative results are nothing more than casino agents who act as a party to promote certain sites that do cooperate with them along with certain agreements behind the scenes. They get large amounts of winnings and it looks very easy for them, but on the other hand you already feel that it is very difficult to get such winnings when you are playing yourself

Yeah. Some casinos offer them direct cash for such streams and some other casinos do not give them cash but the streamers get the affiliate commission from their players who sign up after watching their stream. It depends on the steamer's popularity. If there are some popular streamer who has millions of followers, they earn hundreds thousands of dollars per month just from those streaming promotions.

They simply make us fool and we are nothing but just victims. Players should not follow streamers and should not try the same way they did. Some of those streamers does not even check if their players get their winnings or not.

But most of the stremers have an agreement with the casino on paper, usually the stremers will get paid outside of the income from the affiliates they get from some players who sign up, or what I mean is that they get a separate payment outside of the affiliate percentage they get so there are two income that the stremers will get on the agreement with the casino, namely a separate payment and income from the affiliate percentage.

As far as I know, if for example someone who enters and gets involved through affiliates shared by stremers or influencers, usually when the players lose in one of the sessions, the stremers will get 30% and the casino will get 70% of the amount lost by the losing gamblers. And on the other hand yes the popularity of the stremers also seems to have an effect in this case, if indeed they have a very large number of followers then maybe the payment rate above the agreement will be greater and on the other hand it will be easier for them to get cooperation offers from several casinos that want to be promoted. On the other hand, I definitely agree with you that what is shown by the stremer is actually nothing more than a manipulation show with the aim of brainwashing the people who watch so that they are tempted and then play there, after the players enter through the affiliation that is shared then the stremer will no longer care about the fate of the players.
legendary
Activity: 2632
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Leading Crypto Sports Betting & Casino Platform
February 25, 2024, 10:03:03 AM
That's right, I know about it too, the stremers or influencers who do gambling shows with very lucrative results are nothing more than casino agents who act as a party to promote certain sites that do cooperate with them along with certain agreements behind the scenes. They get large amounts of winnings and it looks very easy for them, but on the other hand you already feel that it is very difficult to get such winnings when you are playing yourself

Yeah. Some casinos offer them direct cash for such streams and some other casinos do not give them cash but the streamers get the affiliate commission from their players who sign up after watching their stream. It depends on the steamer's popularity. If there are some popular streamer who has millions of followers, they earn hundreds thousands of dollars per month just from those streaming promotions.

They simply make us fool and we are nothing but just victims. Players should not follow streamers and should not try the same way they did. Some of those streamers does not even check if their players get their winnings or not.

Well, this practice is very ugly, in reality when things like this happen they should not even have a hearing because it is something that should not be done, getting a hearing and information thanks to lies, late or soon the bodies will come to light , things will not It can be visas that way because everything in life is known, it is Understood that things are very difficult if they are not done well and at some point the influencer Himself can fall, now if the casino lends itself to the influencer pretend that you Won a lot of money , that is something you should not do , it is Deception in all its Phases , it is not fair, in fact the casino that does Something like that, for me, becomes untrustworthy, the casino should make a deal Wel l, with his influencers , if he's Going to patronize him by playing, then what the Influencer wants is, well, that's his, it's not anyone else's, that Should be the deal for me , well, like on stake.com , Drake in his Lives has been Phenomenal Because just like that He won Because he also lost very Hard.

This is what we should all see, not that Everyone loses but that it is Something fair and real, not that they show you that a casino can win a Lot and when they go to play what they do is lose and lose, that is something that is not known Look well, at least I see a case like that and I tell myself that that is not real, because there is not much good, and something that we have Learned in the forum is that , when there are many good things it is because something Happens Behind , Something is not right , and that is what we must begin to ask ourselves, if we investigate well we will realize that what we told Ourselves before is true , then it is a Matter of not Being so Naive.
hero member
Activity: 840
Merit: 522
February 25, 2024, 06:39:26 AM
That's right, I know about it too, the stremers or influencers who do gambling shows with very lucrative results are nothing more than casino agents who act as a party to promote certain sites that do cooperate with them along with certain agreements behind the scenes. They get large amounts of winnings and it looks very easy for them, but on the other hand you already feel that it is very difficult to get such winnings when you are playing yourself

Yeah. Some casinos offer them direct cash for such streams and some other casinos do not give them cash but the streamers get the affiliate commission from their players who sign up after watching their stream. It depends on the steamer's popularity. If there are some popular streamer who has millions of followers, they earn hundreds thousands of dollars per month just from those streaming promotions.

They simply make us fool and we are nothing but just victims. Players should not follow streamers and should not try the same way they did. Some of those streamers does not even check if their players get their winnings or not.
copper member
Activity: 2422
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Playbet.io - Crypto Casino and Sportsbook
February 24, 2024, 06:57:35 PM
When it comes to gambling, we generally over-examine the risk and who are ready to take risks are suitable for gambling. If people who have adequate money they can lose their money in gambling, it will not have a big effect on their life. But it will definitely have a big impact on those with less money. For this we can say that the rich can take more risks in gambling which may not be possible for the poor. But it is also true that only money does not mean that a person can take more risks and a gambler has to consider several factors in taking risks. If the gambler has good knowledge and skill then he can take risk. After considering the gambler's goals and intentions and considering his mentally., the gambler can determine his level risk level.
Usually, those who are too rich may not engage in gambling and those who will engage in gambling might be for fun. ANd if they engage for fun there is no chance to risk more. Hence I want to say middle-class people may take more risks than others.
hero member
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Leading Crypto Sports Betting and Casino Platform
February 24, 2024, 06:53:13 PM
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?
I think the amount of money you should risk towards gambling shouldn't necessarily have anything to do with whether you're rich, middle class, or poor as dirt. It has to always be proportional to the amount of money you'd be able to lose and not be begging off the streets for scraps.

While there's some exaggeration to what I have mentioned, the truth is that most people think they could gamble as much as they want because they have money in the bank, in the pocket, in between the cushions of their musty sofa, or whatever, and then find out eventually that they were shit out of luck cause they just blew all of their money away without them even knowing. We got some poor people (in the literal sense of poor) being able to not only budget their living expenses quite well, but also able to incorporate a little bit of gambling here and there and all of this is just because they know just how much they could lose safely. So, whether you're the richest guy on the block, or perhaps someone who's just living life contentedly, the only thing you should worry yourself about when you gamble is that you don't shoot yourself in the foot with the gambling wagers you put down. Be very smart with managing your money, and make sure that you're not losing it over some stupid shit, most of all gambling.
legendary
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February 24, 2024, 03:53:59 PM
The difference between a rich and a poor gambler is their deposit amount, both of them can take the same risk because even though they spend different amounts of money but if they lose their deposit, the damage will be equal. For instance, a rich gambler if he loses 1000$ for him it’s a big waste, the same goes for a poor gambler who would lose 100$ which is also a very unfortunate waste.

In general, the risk is related to how much money you own even if it’s a small amount, the poor gambler will consider as a big loss, while a rich gambler would deposit a higher amount that is going to be a big loss for him as well. I think both sides shouldn’t risk much money compared to their earnings or salary, the risk is equal for them.
Their is definitely some sense in what you explain because the two gambling powers are not the same, the money that a poor gamblers will lose that will affect the poor gambler will definitely be seen by the rich gambler as nothing but their is also some specific amount of money that will the rich gambler will lose that may affect him also so everyone has a limit of money that they will lose that will affect them as gamblers.

To me it does not make sense to compare the amount of money wagered by a person who does not have much money from the perspective of a rich person or what the rich person wagers from the point of view of a person who does not have much money. Because the feelings and the implications of those bets/gambling wagers are not the same in both cases, if a person who does not have much money wagers 10$ that could be translated to them not having anything to eat for a couple of days, which could be catastrophic. For someone considered to be rich to feel the same effect, it would take them to gamble away an important percentage of their wealth at the same time, which they may not do anyways. To me those who risk the most are the poor people or people who do not have much money to gamble or should not gamble, because they are the ones desperate enough to resort to gambling to flip their situation (the rich do not stay rich by gambling, by the way) and those who are rich still would have many resources to recover from a bad luck streak during a gambling session, something which a person in economical problems could not do.

If both of them gambled all they have in a single session and lost, the effect would not be similar either, because what the porr person lost can be recovered in weeks or months of work, while the losses suffered by the person with much money would take a life time to recover.
sr. member
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February 24, 2024, 02:54:48 PM
The difference between a rich and a poor gambler is their deposit amount, both of them can take the same risk because even though they spend different amounts of money but if they lose their deposit, the damage will be equal. For instance, a rich gambler if he loses 1000$ for him it’s a big waste, the same goes for a poor gambler who would lose 100$ which is also a very unfortunate waste.

In general, the risk is related to how much money you own even if it’s a small amount, the poor gambler will consider as a big loss, while a rich gambler would deposit a higher amount that is going to be a big loss for him as well. I think both sides shouldn’t risk much money compared to their earnings or salary, the risk is equal for them.
Their is definitely some sense in what you explain because the two gambling powers are not the same, the money that a poor gamblers will lose that will affect the poor gambler will definitely be seen by the rich gambler as nothing but their is also some specific amount of money that will the rich gambler will lose that may affect him also so everyone has a limit of money that they will lose that will affect them as gamblers.
hero member
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February 24, 2024, 02:29:28 PM
Yes a thousand dollars is not much for a rich person but for a poor person it is equal to 1 years income in some countries.  So everyone's risk taking ability will not be the same.  Because of this, everyone who calculates their income and expenses should spend only as much of that extra money as they can afford to lose on gambling. then he can enjoy gambling and if his luck works well, he can win something big, it will be a very big gain and even if he loses it, he will not have such a loss that can cause him much trouble.  So how big or small risk one takes by using less money or more money depends on his risk taking ability
In gambling, every people must know about how bigger risk they can handle, no matter they are rich or poor people. When someone can't calculate the risk and use much money to gamble, they will get a big risk to lose their money. People must realize that losing their money in gambling depend on the money they can afford and if they can't risk bigger, they don't have to use big money to gamble. We need to know about manage the risk not become bigger and break our limitation in gambling so that will not make us lose much money. Playing gambling is no need to use much money because poor people can enjoy playing gambling with enough money. They can minimize the risk not become bigger by always limiting the budget that will be used for playing gambling.
Yes, I agree with your opinion that would be better as a gambler to see the limits of your ability to be able to let go of whatever happens when risks come your way, such as when a gambler only has small amount of money and thinking about using for gambling or using it for daily needs.
If gambler who can have a wise mind always sees what risks he will get if he forced to gamble, he will definitely be responsible gambler and not think too much about gambling so that when he has money, lower middle class gamblers will definitely only use very small amounts to gamble or even not take the risk and choose to use it for something more useful.

Rich or poor just a difference in financial condition, but in gambling there are no rules, only rich people are allowed to take risks, but poor people can also take big risks while using money they can afford to lose when they lose at gambling.
legendary
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February 24, 2024, 01:21:38 PM
But yesterday I saw a man on Kick.com platform who play blackjack with bet of 15K on a single bet with balance that over 400K that is definition of crazy in my opinion

If you talk about the streamers, most of them play with fake money. I know the fact somehow. Some of them deal with the platform they play on and the casino provides them some funds to play on their casino and stream it online. The fun fact is, they won't be able to withdraw that money even if they win a big amount of money. Of course, there are some legit streamers who stream and gamble with their own real money. But the percentage of real streamers is too low at this moment. When an average player like me watches such a stream that those streamers playing with big money and they are winning, average players try to do the same thing and lose their entire balance.

That's right, I know about it too, the stremers or influencers who do gambling shows with very lucrative results are nothing more than casino agents who act as a party to promote certain sites that do cooperate with them along with certain agreements behind the scenes. They get large amounts of winnings and it looks very easy for them, but on the other hand you already feel that it is very difficult to get such winnings when you are playing yourself.

This means that you can be sure and indeed I also got some leaks that they are nothing more than promotional agents who work with the casino to promote the site, they get paid from the number of people who are tempted to finally enter and get involved in the casino they are promoting. But unfortunately only a few people know about this fact, most of them are too tempted by what they see which is basically all just a trick to get a lot of audience who will eventually become victims, as you said that in the end when we try to play alone then the results are far from what we expected and even you can lose money in an amount you never expected before.
hero member
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February 24, 2024, 12:53:15 PM
The difference between a rich and a poor gambler is their deposit amount, both of them can take the same risk because even though they spend different amounts of money but if they lose their deposit, the damage will be equal. For instance, a rich gambler if he loses 1000$ for him it’s a big waste, the same goes for a poor gambler who would lose 100$ which is also a very unfortunate waste.

In general, the risk is related to how much money you own even if it’s a small amount, the poor gambler will consider as a big loss, while a rich gambler would deposit a higher amount that is going to be a big loss for him as well. I think both sides shouldn’t risk much money compared to their earnings or salary, the risk is equal for them.
hero member
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February 24, 2024, 12:14:14 PM
If you talk about the streamers, most of them play with fake money. I know the fact somehow. Some of them deal with the platform they play on and the casino provides them some funds to play on their casino and stream it online. The fun fact is, they won't be able to withdraw that money even if they win a big amount of money. Of course, there are some legit streamers who stream and gamble with their own real money. But the percentage of real streamers is too low at this moment. When an average player like me watches such a stream that those streamers playing with big money and they are winning, average players try to do the same thing and lose their entire balance.
I think like that because I am not believe that the money they used is real money. If that is a fake money, I believe it because casino can give that fake money easily to the influencer. Then, the influencer will use that money to gambling while their follower will watch the games and will tempted to follow what the influencer did. If the influencer can't withdraw that money, that will be no problem because the influencer can give their referral links to their follower so their follower can join using that links. The influencer will get the commission from their referral and casino will give their commissions too. But I agree with you that some influences used their own money to gambling and win big money. What we need to concern is not tempted of what we watch easily and better to research before we decide to playing gambling and always responsible with our money.
hero member
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February 24, 2024, 09:47:29 AM
But yesterday I saw a man on Kick.com platform who play blackjack with bet of 15K on a single bet with balance that over 400K that is definition of crazy in my opinion

If you talk about the streamers, most of them play with fake money. I know the fact somehow. Some of them deal with the platform they play on and the casino provides them some funds to play on their casino and stream it online. The fun fact is, they won't be able to withdraw that money even if they win a big amount of money. Of course, there are some legit streamers who stream and gamble with their own real money. But the percentage of real streamers is too low at this moment. When an average player like me watches such a stream that those streamers playing with big money and they are winning, average players try to do the same thing and lose their entire balance.
hero member
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February 24, 2024, 09:29:54 AM
Of course it will not change the situation, even if we gamble using the exact same steps as the streamers the results will not be the same, also with the defeat that makes our emotions peak and blame the streamer it will not have any effect. I agree with you, gambling is not intended for people to get profits quickly, there is no guarantee about it even though the streamer directs the steps to get a profitable victory it does not definitely guarantee. The number of people who are tempted by the promotions made by streamers is indeed the weakness of many people.

Even if you follow the directions or steps of the streamer, of course the end result will not be the same. And if you lose and then blame the streamer it is a futile way, just a waste of time. With the defeat that occurs it should be accepted, not making an issue of it is the right way. There are indeed people who require themselves to get memories before quitting but that in my opinion should not be done, because it is the same as forcing themselves to win, while the fact of gambling will only give defeat. It's true what you said about chasing losses, by forcing themselves I think they are only chasing losses not wins.

It was a trend, that has subsided, and at the start of it, most people thought that the streaming niche will be affected by their complaints. But on the long go, the naive gamblers remain at fault for not doing their research and following the gambling ways of the streamers. Lots of rumors about the streamers result being manipulated by the casino, but none of their followers would listen to that, and they go ahead to gamble like the streamers, which they end up disappointed. Personally, don't know how true the rumor is, but earlier, streamers were getting more wins than a usual gambler gets in a session.

Recently it seems things changed, streamer now lose, but wager quite a huge amount of money. And puts the newbies at risk of wagering like the streamers. Who gets affected? the newbies because the streamers are only doing their jobs. Hence, gamblers who have little amount of money to spare, shouldn't go above their limit, because some other people are wagering huge amount of money. And we all know how big their wins would look like, if they end up winning. That's another reason why newbies end up betting like the streamers.

I've heard that streamers who gamble and while advertising their gambling sites collaborate with gambling industry companies, and I think maybe this rumor is true. with the fact that there are many streamers who gamble, they tend to win from the gambling they do, and in my opinion it is possible because they collaborate with gambling industry companies, so that gambling industry companies also provide winnings as a way to get many people to believe in the sites they advertise. is a site that guarantees you will definitely win. It's true what you said, maybe streamers win more than those who gamble just as regular players.

That's true, streamers are just doing their job but with the losses they get it's not a problem for the streamers. they won't care about that Also,  in my opinion, people who take bigger risks are rich people because in my opinion rich people who have a lot of money don't seem to hesitate to gamble with large bets because they feel they still have spare money but what is clear is that even though they are rich They shouldn't gamble by using or spending a lot of money just for gambling, because that will only cause big losses.
hero member
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February 24, 2024, 08:34:11 AM
Having grudges for the streamer doesn't solve any problem for the gambler, because he, the player, wasn't taken by his hands to gamble like the streamer. Removing such thoughts can help the player relax his nerves and focus on wagering few amounts of money. Gambling is not meant for people who are on the search for quick profits. And that's the weak point the streamers are utilizing while promoting big wins on their platforms, with money sponsored by the casino. Nothing comes easy, but newbie gamblers think that money can be made easily via gambling. However, they end up finding out that their thoughts were wrong all along, instead of accepting the responsibility they end up blaming the streamer. Since they don't take it on themselves that it's their fault, they'll want to prove it by wagering more money to get their funds back immediately. Some also conclude that they must hit one max win before quitting gambling. Numerous self-determination that keeps gamblers to continue chasing losses.

Of course it will not change the situation, even if we gamble using the exact same steps as the streamers the results will not be the same, also with the defeat that makes our emotions peak and blame the streamer it will not have any effect. I agree with you, gambling is not intended for people to get profits quickly, there is no guarantee about it even though the streamer directs the steps to get a profitable victory it does not definitely guarantee. The number of people who are tempted by the promotions made by streamers is indeed the weakness of many people.

Even if you follow the directions or steps of the streamer, of course the end result will not be the same. And if you lose and then blame the streamer it is a futile way, just a waste of time. With the defeat that occurs it should be accepted, not making an issue of it is the right way. There are indeed people who require themselves to get memories before quitting but that in my opinion should not be done, because it is the same as forcing themselves to win, while the fact of gambling will only give defeat. It's true what you said about chasing losses, by forcing themselves I think they are only chasing losses not wins.

It was a trend, that has subsided, and at the start of it, most people thought that the streaming niche will be affected by their complaints. But on the long go, the naive gamblers remain at fault for not doing their research and following the gambling ways of the streamers. Lots of rumors about the streamers result being manipulated by the casino, but none of their followers would listen to that, and they go ahead to gamble like the streamers, which they end up disappointed. Personally, don't know how true the rumor is, but earlier, streamers were getting more wins than a usual gambler gets in a session.

Recently it seems things changed, streamer now lose, but wager quite a huge amount of money. And puts the newbies at risk of wagering like the streamers. Who gets affected? the newbies because the streamers are only doing their jobs. Hence, gamblers who have little amount of money to spare, shouldn't go above their limit, because some other people are wagering huge amount of money. And we all know how big their wins would look like, if they end up winning. That's another reason why newbies end up betting like the streamers.
copper member
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February 24, 2024, 07:55:49 AM
Rich or poor gambler, who should risk more? Whether rich or poor I don't think you do not need to risk more of your money hahaha unless your budget is high at the beginning.

I see poor gamblers who risk more than they can afford to lose but also there is poor gamble stays within budget. But in the movie, you can also see a lot of rich people do gamble with ton of money even if they gamble with something like us never do that gamble with the car for stake.

But yesterday I saw a man on Kick.com platform who play blackjack with bet of 15K on a single bet with balance that over 400K that is definition of crazy in my opinion
hero member
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February 23, 2024, 06:00:23 AM
Yes a thousand dollars is not much for a rich person but for a poor person it is equal to 1 years income in some countries.  So everyone's risk taking ability will not be the same.  Because of this, everyone who calculates their income and expenses should spend only as much of that extra money as they can afford to lose on gambling. then he can enjoy gambling and if his luck works well, he can win something big, it will be a very big gain and even if he loses it, he will not have such a loss that can cause him much trouble.  So how big or small risk one takes by using less money or more money depends on his risk taking ability
In gambling, every people must know about how bigger risk they can handle, no matter they are rich or poor people. When someone can't calculate the risk and use much money to gamble, they will get a big risk to lose their money. People must realize that losing their money in gambling depend on the money they can afford and if they can't risk bigger, they don't have to use big money to gamble. We need to know about manage the risk not become bigger and break our limitation in gambling so that will not make us lose much money. Playing gambling is no need to use much money because poor people can enjoy playing gambling with enough money. They can minimize the risk not become bigger by always limiting the budget that will be used for playing gambling.
sr. member
Activity: 546
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February 22, 2024, 09:34:40 PM
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?

The first thing to realize is you won't be changing your fortune in gambling. There could be big wins but your fortune and long term financial stability depends on your skills and job or business. You should be fine on losing any amount you get involved in gambling. Anything larger would get you in problems.
As of the rich or poor who should risk more, the people should risk on how much they can afford to lose. A thousand dollar won't be a big deal for a rich person but it can mean a malnourished month for a poor one. The risk taking should be on percentage they can afford than on amount and the percentage could be the same for a rich and a poor.
Yes a thousand dollars is not much for a rich person but for a poor person it is equal to 1 years income in some countries.  So everyone's risk taking ability will not be the same.  Because of this, everyone who calculates their income and expenses should spend only as much of that extra money as they can afford to lose on gambling. then he can enjoy gambling and if his luck works well, he can win something big, it will be a very big gain and even if he loses it, he will not have such a loss that can cause him much trouble.  So how big or small risk one takes by using less money or more money depends on his risk taking ability
legendary
Activity: 3164
Merit: 1069
February 22, 2024, 08:31:38 PM
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?

The first thing to realize is you won't be changing your fortune in gambling. There could be big wins but your fortune and long term financial stability depends on your skills and job or business. You should be fine on losing any amount you get involved in gambling. Anything larger would get you in problems.
As of the rich or poor who should risk more, the people should risk on how much they can afford to lose. A thousand dollar won't be a big deal for a rich person but it can mean a malnourished month for a poor one. The risk taking should be on percentage they can afford than on amount and the percentage could be the same for a rich and a poor.
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