Topic: Rich or poor gambler, who should risk more? - page 55. (Read 9664 times)

People should only bet those amounts which a person can afford to lose. In this case, those who are rich might have more funds to afford to lose than poor people. So, in general, it might not be wrong if we say that rich people can bet higher than poor people.

not really
sometimes you're rich because you're born rich and you had to do nothing for that, but your ancestors did
that's why the game is not getting rich but remaining rich
each person starts in a different moment and a different situation in the playing field
you can get a lot of money but it takes intelligence and discipline to keep it.

Indeed, poor gamblers do not have as much money as rich gamblers, but many poor gamblers continue their gambling games because they think that gambling is a way to change their lives for the better by winning their gambling games. Many of them are pinning their hopes on gambling games, including those who are used to gambling and want to win big. Perhaps they can only bet with small money, but they will continue to do so when they have money because there is still a desire to get big wins from gambling. Poor gamblers don't think about the risks they will face from gambling because they only think about how to get their big win. And that is why perhaps we still see many poor gamblers who often gamble without even trying to reduce their gambling activities.

That's right, it depends on the financial capability of a person and how much money they've lost based on their status whether they will be calm or worried. A person who earns $200k a year would barely care if they lost $10k in gambling throughout the year, however, if someone earns $10k a year, they would be mad, worried, and sad if they lose $500 in gambling because they can't afford to lose a lot of money since their income isn't very high.

This is why, one needs to make sure that they aren't spending more money than they can afford to lose on their gambling activities just to create problems in their life. Who would want to create unnecessary problems in their life when there are already so many things to cause problems?

The money was the difference between the rich and poor gamblers.The poor don’t have money to play for the huge game,but the rich eligible to play more often with the holding money after the loss.If the poor gamblers had 50$,he will do gambling for the 10-20$.If the rich gamblers had 1000$,he can able to play the game with all the holding 1000$.Because the rich gamblers will generate money from regular business.


The rich gambler will become a poor if they keep on doing the gambling with random betting.The rich gamblers had a advantage of recovering the loss from the balance money in the wallet.But the poor gamblers will keep look for the next game and sometimes they took loan for next gambling game.

Definitely not true. You are considering only the literal value of the bankroll between the poor and rich that’s why your idea turns out like this. But a 100$ of poor is almost equivalent to 1M of rich if both this amount is equal percentage to their total money in their savings.

So there’s no way a poor can still be in good if he lose all of his money even though it’s small in value because that’s everything for him. A million dollar lose of a millionaire with a billion dollar funds is not that painful compared to a poor losing 100$ while it’s his last piece of his money since his salary is too low to save anything big.

Yes, but the poor can lose everything, and it will be less in absolute terms than the rich. Therefore, a poor person can afford to lose a lot and his life will not change radically after this. The most important point here is that the poor must have at least minimally basic needs covered. I have no doubt that in 1 or 2 years he will be able to earn money for himself again and he will most likely return to the game to try to change his life again if luck chooses him. A rich person will need much more time if he loses so much that he will only have time for basic needs. He will have to rebuild the business or invest again, and this will take 5 or 10 years, or maybe more. In general, I am at great risk, there is nothing good in my opinion, whether the player is poor or rich.

Aren't slot games also luck-dependent, right? Even if it's just a newbie who enters here when they are lucky, they can immediately experience a big win when they bet a large amount, and they will be lucky in gambling.

Slot games don't need skills either, right? Because if you just bet, then it will roll out the game while you watch it if you win or lose,
isn't that right?

Some times the difference is the fact that the poor doesn't have that much to risk and that's why it would want to look like that which the poor is risking is small but is we should look at it by the percentage of their worth it may turn out that the poor are even risking more because since their funds is small, a percentage of it could mean their betting bankroll.

The Rich gamblers if they should risk the same percentage some poor risk on gambling, I'm very sure a few of the rich gamblers may go bankrupt Sooner than they can imagine, but because this poor gamblers some times are just desperate and want to just make money gambling, they do not even consider this that much they just keep gambling till they finally exhaust their bankroll then they return to the casino the next day on a new bankroll, both rich and poor should always try to make sure they don't risk more than they can afford to lose so they can be on the safe side of gambling.

You have a point there, but first, I still do not categorise the person earning barely $1,000 rich, but the way you relate that money with betting is quite fair and understood. If one is earning $1,000 and risks $10 out of it for gambling, that means the person is risking just 1% of his earnings. This can't in any way affect the person much. Unless such is risking it over and over again when losing, but if the 1% is the monthly budget for gambling, and such which the person adheres strictly to, then it will not in a way affect him and he will be gambling reasonably and not with emotion. As a matter of fact, the person who could be using 1% of his total earnings to gamble has already concluded in his mind that he is not making wealth out of gambling, if not, more money would have been committed to it than that, and I am talking of at least 10% of his monthly income.

But not doing that means that such is gambling with the amount of money he can afford to lose, and this also means that there is less hassle and desperation to gambling and making money through it, which is the best practice that can make gamblers stay responsible and also not get addicted to it. But for the poor who earn less and gamble more, it is an issue, there is no way such will not want to make money through gambling by all means (desperation), and that mindset alone is enough to kill the account of the gambler and make him reckless at the same time. Above all, since the rich will make more money than the poor and still have enough to fall back on when they lose, they will always have a better mindset towards gambling, and hence, better gamblers than the poor in my opinion.

It would really be that obvious that rich gamblers would really be having the chance on having those kind of versatility since they do have the money that they could spend up more.
The only issue on here is that the more the money that they could spend then the deeper the losses on which it comes worst then it would really be that ending
for you to be totally wrecked up. Actually there's no exemption when it comes on getting those huge losses in gambling. This is why it would really be that best that you should
really know on when to stop and having those limitations and those moderation when you do gamble because once you do lost that control then you would be ending up
miserable in gambling.

Of course, it is clear that poor people are at much greater risk than rich people, one of the reasons is because poor people have low finances which when they become one of the impulsive gamblers then obviously they will more quickly experience adverse effects such as experiencing difficulties in making ends meet because of gambling in an excessive or inadvisable way. The truth is that whether you are a poor gambler or a rich one, you can still end up with the same impact and maybe the difference is in terms of time, rich people have a pretty good financial level so they still have time to come to their senses and change their gambling methods for the better before they end up losing everything, and the difference with poor people is obviously you have also said that poor people will feel the bad impact of losing money faster. So basically I think for the issue of the possibility of impact, both have the same chance but maybe the difference is in terms of time.

It is like this, primarily there are two types of people according to their financial quality, some because they do not have that much capacity, it is obvious that they are affected when they lose money in the game because it has a very abrupt impact on their life, in the professional sense I am a person who has a lot to do with this case, I have friends of all kinds, some of them are very wealthy, and when I Showed them the casino, they loved it and they weren't afraid of losing $1k, $2k or change if I played and I lose 100usd and I cry lol, but they don't , they have another perspective on life and well their basic life capabilities are completely covered, in life, in health, in everything that a person can sustain in order to survive, they do it has plenty, so losing that money doesn't concern them at all, I think that things are like that, because they basically don't care, but a poor person, or a middle class person, has to resort to, 'I don't know can afford to lose so much.

So one of the best strategies that I discovered thanks to Trading and that applies to the poor, the middle class and even the poor, which is that before playing, they allocate a budget ready to lose, when they have it, they have to know that if they lose that money because you do not have to put more money or make deposits, because that is the main rule, repeat the balance and if you lose, then it will be play another time, I mean days, months, whatever, but not in that moment, because that is the start of bad decisions, the direct path to a worst addiction and that is something that goes against the main rules for us not to have a healthy economy.

This is something I discovered in trading, and when it happens I don't do it anymore because I'm not seeing the market in the right way That applies here to games of chance, casinos, among others to avoid serious prioblastism.

That's the only difference? Isn't it the same thing that is risky for poor gamblers because they don't have big finances like rich gamblers so this really affects them because they might have difficulty managing their finances. While rich gamblers like you said they are calmer because the expenses used for gambling are not too influential because they still have a lot of money, the risk is that if they spend too much money on gambling they will go bankrupt but if they use it appropriately then it is not too risky for rich gamblers.

No one should use gambling in the way you are proposing, the rich simply by virtue of having more money to their name can afford to risk more money, but this should not be done with the expectation to somehow earn more money than what they wager.

The poor on the other hand are in an even more compromised situation and they should limit as much as possible the amount they spend while gambling, since even if I consider it a harmless hobby for those that are in control of their emotions and have good management skills, at the same time I understand that only a moment of weakness is needed for this to change.

I think this is irresponsibility with a certain amount of laziness and a feeling of helplessness as well. If we can't blame them for wasting whatever little money they have, who will take the blame?

Of course we can't blame the poor people for wishing to have an abundant life. We can't blame them for dreaming to have a nice house, a car, good food, regular vacation, etc. I also dream of that kind of life.

But if you want everything to happen in an instant, and in the process don't send your children to school because instead of giving them pocket money you use it to buy lottery tickets, you are irresponsible. You may say it is for them that you badly want to have a nice life, but you are doing it wrong.

that's true, it could happen, with the fact that the strategy given by the streamers and them imitating it ultimately only leads them to defeat, maybe they will blame the streamer, but that's no use, what is clear is that it can trigger their emotions increase which could make them have a grudge against gambling which could also trigger them to big losses, because with the grudge they have it can make them lose self-control which leads them to take actions that are beyond the limits such as depositing money back in pursuit of winnings.

Sometimes it is true that if someone has lost self-control because of the gambling they do, they may gamble using money that they should not use for gambling, for example money that is designated for basic needs, this can happen, because heightened emotions make it possible They will continue to gamble with the aim of getting a win that can cover the losses they have experienced.

But don't you think weather remaining calm either as a poor or rich person is a product of how much such individual gambled it, because you just can't expect a rich man who earns $1000 monthly and gambled $10 on a bet and lost it to worry, unlike a poor man who earns $50 monthly and then went and gamble same $10 not to be madly worry about his lose, because just as $10 is 1% of $1000, if the same poor man gambles same 1% of his income, which is $0.5 and lost it.. Do you think such poor man will be angry?

In my opinion, this is not at all different between rich people and poor people because the risks are basically the same. Even though rich people will remain calm and will not experience difficulties when they lose at gambling, poor people will definitely have difficulties and can even immediately experience difficulties when they lose at gambling. So I think that's the small difference between a rich person and a poor person who loses a gambling bet at the same place.

The gambling site will give the money for the gamblers,but the gamblers who expected more money from the gambling site was the loser here.Because the expectation will leads to more greedy to the gamblers,the greedy was the biggest drawback for the gamblers at any point.Whether they had money or didn’t have any money in the gambling site.The profit alone speaks among the less experienced gamblers,the poor gamblers don’t risk their money in huge.

The more experienced gamblers will share their profits portfolios with the less experienced gamblers for their supremacy .By seeing their winning money,the less experienced gamblers will get more confidence.The confidence can’t be get without any motivation in the gambling site.