Rich or poor gambler, who should risk more? - page 57.

Cryptoprincess101

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Quote from: Queentoshi on February 07, 2024, 02:35:11 AM

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.

None should take higher risk because what is applicable to the rich in gambling is also same with an average or a poor gambler, the only difference is that the rich can bear the outcome of his loss whereas the average man doesn't because his hopes is bestowed on a risk being taken but no matter what, no body should take higher risk because even the rich has higher risk of feeling the pain because a huge amount is at staked whereas the average man risk the little he has and when a rich man losses huge amount of money to gambling it affects their psychological health and due to high risk that are mostly taken by the rich people causes the rate of high blood pressure to be on the increase among rich people.

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Quote from: kojektea on February 10, 2024, 11:38:35 AM

In my opinion, rich people and poor people are the same at risk, there is no difference, if a rich person spends a lot of money on gambling because he has a lot of money and vice versa, everyone is at risk of bankruptcy, it all depends on us and the strategies we use in gambling , so there is no difference between rich and poor people in gambling

Risk is something that is very balanced, but the way it is handled will not be the same between the rich and the poor when the economic advantage often favors the rich because just thinking about bankruptcy, poor people's recklessness is likely to be higher, they only have a little income, nothing more to change, therefore, closing their eyes and climbing the door of gambling is their solution. While the rich do not need to put too much emphasis on risk here, for them, the money earned here is not the solution, they have more opportunities in society, where they have the right to perform better

ethereumhunter

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Quote from: Pumared on February 10, 2024, 09:02:28 PM

Quote from: the rise on February 10, 2024, 11:00:38 AM

between rich and poor gamblers who take the biggest risks are poor people, because poor people really hope for an instant win, while rich people tend to enjoy the game more and they only gamble to get rid of their boredom, they use gambling as a way to relieve boredom, whereas poor people think of doubling their money

But if we think about it, the poor can also use this for fun. He plays because he wants to have a more fun game, or he bets with friends. Anyway, I believe that both can have this vision of fun in betting.

Yes, poor people can use gambling for fun and as long as they can really use gambling as entertainment and can take good care of themselves when gambling, they can get that pleasure. The problem is that they cannot use gambling well, and instead, there is a tendency to use gambling as a way to make money. They will use more and more of their money to gamble without paying attention to the boundaries they should create. Meanwhile, rich people can use gambling as entertainment, although there are rich people who end up becoming gamblers who gamble too often. The important thing is that whether people are poor or rich, they can use gambling as entertainment. That will keep them away from problems that could arise later.

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Quote from: the rise on February 10, 2024, 11:00:38 AM

between rich and poor gamblers who take the biggest risks are poor people, because poor people really hope for an instant win, while rich people tend to enjoy the game more and they only gamble to get rid of their boredom, they use gambling as a way to relieve boredom, whereas poor people think of doubling their money

Yes, that's right, apart from that, poor gamblers don't have a lot of money, so they gamble for the purpose of doubling their money and can change the lives of those who are poor, so poor gamblers are more at risk than rich people, while rich people themselves have more finances and are not too risky if they only spend a small portion of their money just to have fun and rich gamblers themselves have no goal of changing their lives because they are already rich, but if rich gamblers always spend large amounts of money when gambling then over time it can lead to bankruptcy so this depends on The gambler himself is able to control the risk of gambling.

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Quote from: the rise on February 10, 2024, 11:00:38 AM

between rich and poor gamblers who take the biggest risks are poor people, because poor people really hope for an instant win, while rich people tend to enjoy the game more and they only gamble to get rid of their boredom, they use gambling as a way to relieve boredom, whereas poor people think of doubling their money

But if we think about it, the poor can also use this for fun. He plays because he wants to have a more fun game, or he bets with friends. Anyway, I believe that both can have this vision of fun in betting.

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Most people mistakenly believe that poor gamblers must accept higher risks to change their lives, but the reality is quite the opposite. There is no denying that there are people who get rich overnight thanks to luck, but most will lose everything if they keep playing the way they only rely on luck. Luck cannot come often, so accepting risks also need a basic. You can't just rush in and bet all the money you have and let luck decide, then justify to yourself that I'm poor so I have to accept high risks to change my life.
Instead, you can take slow steps, build your capital safely, and then there will come a time when you will have the opportunity to change your life but in an extremely safe and sustainable way. Rich gamblers often have this mindset because they have no need to rush and risk what they have, even though they have more than enough ability to do so. Their previous process of getting rich gave them the experience that truly changing their lives only comes when they take each step slowly, and cannot rush to bet everything in 1 or 2 games.

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Quote from: Shishir99 on February 10, 2024, 11:29:30 AM

Quote from: the rise on February 10, 2024, 11:00:38 AM

between rich and poor gamblers who take the biggest risks are poor people, because poor people really hope for an instant win, while rich people tend to enjoy the game more and they only gamble to get rid of their boredom, they use gambling as a way to relieve boredom, whereas poor people think of doubling their money

Kind of true. But the fun fact is, as a poor gambler, a hundred dollars is a big amount for me. But, Rich gamblers make $100 per spin in a slot game. I don't know which one should be considered as risky. Because I couldn't even afford to deposit an amount that a rich gambler may place a bet in a one-slot spin.

Poor people indeed try to multiply their balance which is another reason they become gambling addicts. But, It's also true that rich people do not gamble only for fun. They also try to win big. Otherwise, they could have play demo mode.

Risk is meant to be a personal decision. Rich gamblers who chose to wager more money in gambling has a higher chance of winning his game. The low rollers, have other methods of trying to make a few bucks that'll make their day. Staying contented is the right thing for every gambler. I don't think there should be some social status in the gambling niche. Any gambler who focuses on risk, including the rich, can get richer or broke. Depending on the strategies he implements in his gambling behavior. Anyways, we shouldn't be categorizing gamblers by how much they've got in their bank accounts. Such things have made the low rollers to try mimicking the wagering style of the high rollers, and it affects them a lot. Gamblers deserve to focus and make the best strategy for them, to stay responsible. Not being bothered of taking risks or not. Gambling is risk.

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Quote from: sokani on February 10, 2024, 05:07:15 PM

A gambler should always gamble with what he can afford to lose. Having said that, between who to take more risk, I think a rich gambler should do that because of his financial status and a poor gambler should risk less because he has more to lose. If a rich gambler takes a risk and loses, he may not really affect him because he's well to do, but if he wins a jackpot he becomes more richer. The same applies to the poor gambler, if he takes a risks and wins, his story changes but if he loses, it'll hurt him so bad because doesn't have much.

The gambler who ready to play the game based on the money from the income source,he doesn’t worry about the results of the game.The entertainment was the key purpose to the gambler who had enough money in their wallet and had huge property resources.The risk of losing is the possible,but the gamblers entire life was secure with the money got from the gambling site.The gamblers who get rich using the gambling site will have soft touch towards the gambling site.So he will do the gambling with the specific period of time.The winning was the complementary one for the gamblers who do the gambling for the entertainment.

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Quote from: Docnaster on February 10, 2024, 12:43:20 PM

Quote from: acroman08 on February 10, 2024, 11:40:41 AM

Quote from: Queentoshi on February 07, 2024, 02:35:11 AM

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?

what the poor gambler should do is quit gambling and prioritize what's important. gambling is not a priority, making a fortune from gambling is going to happen to everyone and more often than not you will end up losing rather than winning, If you do win, it is not a guarantee that it is life-changing.

For someone to be rich, the person must have achieved so many things of life that he ought to have achieved and when you talk about taking financial risk, I expect the rich to take more risk than the poor man because even if he loses, the rich will better manage the consequences of the their losses than the poor. In gambling, a poor man isn't supposed to take huge risks in his gambling activities in other not to remain poor all his life because the more he losses his money, the more he'll try to get it back by gambling more which might likely make him become a gambling addict.

There's a huge difference among the two on which it would really be that understandable that rich gambler would really be having an upperhand when it comes to possible recovery
since they do have bigger bankroll on which they could really just that be able to adjust accordingly and could have those further bets which is unlike into those poor ones that once they get busted
then chance of recovery is zero and this is where they would really be that trying to deposit even more which it isnt ideal on doing so already. This is why if you are included into those poor
bracket then gambling shouldnt really be taken seriously but well it is hard to think about those things which we know that majority of those poor people would really be
playing gambling for the sake of making money.

sokani

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A gambler should always gamble with what he can afford to lose. Having said that, between who to take more risk, I think a rich gambler should do that because of his financial status and a poor gambler should risk less because he has more to lose. If a rich gambler takes a risk and loses, he may not really affect him because he's well to do, but if he wins a jackpot he becomes more richer. The same applies to the poor gambler, if he takes a risks and wins, his story changes but if he loses, it'll hurt him so bad because doesn't have much.

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Quote from: acroman08 on February 10, 2024, 11:40:41 AM

Quote from: Queentoshi on February 07, 2024, 02:35:11 AM

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?

what the poor gambler should do is quit gambling and prioritize what's important. gambling is not a priority, making a fortune from gambling is going to happen to everyone and more often than not you will end up losing rather than winning, If you do win, it is not a guarantee that it is life-changing.

For someone to be rich, the person must have achieved so many things of life that he ought to have achieved and when you talk about taking financial risk, I expect the rich to take more risk than the poor man because even if he loses, the rich will better manage the consequences of the their losses than the poor. In gambling, a poor man isn't supposed to take huge risks in his gambling activities in other not to remain poor all his life because the more he losses his money, the more he'll try to get it back by gambling more which might likely make him become a gambling addict.

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Quote from: acroman08 on February 10, 2024, 11:40:41 AM

Quote from: Queentoshi on February 07, 2024, 02:35:11 AM

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?

what the poor gambler should do is quit gambling and prioritize what's important. gambling is not a priority, making a fortune from gambling is going to happen to everyone and more often than not you will end up losing rather than winning, If you do win, it is not a guarantee that it is life-changing.

That's true.
I mean, how many times did we hear a testimony from a gambler that he won all of his riches from gambling? It's very rare.
Those who cannot afford it should not do it, save the money for something more important and maybe that will make them feel better in the future once they realize they made they made the best decision to avoid gambling.
And for those who can afford to spend their money on gambling then let it be. If they find it entertaining then why stop them especially if they have the financial capability to spend some of their spare money on betting in either casino games or sports bookies?

The rich can do anything with their money but the poor will have responsibilities to take care of their own especially if that money is going to be used for his food or for his family. They should be responsible and they cannot waste even a penny for their leisure only. Sure, the gambler can be entertained but what about those we left at home waiting for us to put food on the table? If a poor man loses it all, then what? When I was in that situation before, a poor man, I didn't even thing about entertaining myself or risking the money on gambling just to double it. That would be stupid.

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Quote from: Julien_Olynpic on February 08, 2024, 09:51:23 PM

Of course, a poor person has to take more risks, that's obvious. For a rich person, there is little point in taking risks at all. He can make small bets and they can be quite large in absolute terms. Conversely, a poor player's bet that is large in percentage terms may be minuscule in absolute terms.
Another thing you can think about is this: why do people play? Many people try to deceive themselves, but in fact people play for a big win, that is, for such a big win that could change their life and lead to financial independence.
But such a win implies high stakes, which a poor player can hardly afford.

I don't think you are right. Those who do have not enough funds can't take more risks as they can't afford them. Bt those who are rich may take part in gambling for refreshment and as they have enough money they can take risks more and more. As rich people want to be more rich they usually do that.

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Quote from: Queentoshi on February 07, 2024, 02:35:11 AM

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?

what the poor gambler should do is quit gambling and prioritize what's important. gambling is not a priority, making a fortune from gambling is not going to happen to everyone and more often than not you will end up losing rather than winning, If you do win, it is not a guarantee that it is life-changing.

kojektea

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In my opinion, rich people and poor people are the same at risk, there is no difference, if a rich person spends a lot of money on gambling because he has a lot of money and vice versa, everyone is at risk of bankruptcy, it all depends on us and the strategies we use in gambling , so there is no difference between rich and poor people in gambling

Shishir99

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Quote from: the rise on February 10, 2024, 11:00:38 AM

between rich and poor gamblers who take the biggest risks are poor people, because poor people really hope for an instant win, while rich people tend to enjoy the game more and they only gamble to get rid of their boredom, they use gambling as a way to relieve boredom, whereas poor people think of doubling their money

Kind of true. But the fun fact is, as a poor gambler, a hundred dollars is a big amount for me. But, Rich gamblers make $100 per spin in a slot game. I don't know which one should be considered as risky. Because I couldn't even afford to deposit an amount that a rich gambler may place a bet in a one-slot spin.

Poor people indeed try to multiply their balance which is another reason they become gambling addicts. But, It's also true that rich people do not gamble only for fun. They also try to win big. Otherwise, they could have play demo mode.

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Quote from: Julien_Olynpic on February 08, 2024, 09:51:23 PM

Of course, a poor person has to take more risks, that's obvious. For a rich person, there is little point in taking risks at all. He can make small bets and they can be quite large in absolute terms. Conversely, a poor player's bet that is large in percentage terms may be minuscule in absolute terms.
Another thing you can think about is this: why do people play? Many people try to deceive themselves, but in fact people play for a big win, that is, for such a big win that could change their life and lead to financial independence.
But such a win implies high stakes, which a poor player can hardly afford.

- I also think that for the rich, the risk is that they don't feel it much, but for the poor, they feel it more because their desire most of the time is to win gambling, and they don't want their little amount to be used for gambling.

And the worst part of it for poor-level people is that when they lose, they find another way to deposit again so they can catch up or recover their loss, which is not the right way to gamble.

the rise

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between rich and poor gamblers who take the biggest risks are poor people, because poor people really hope for an instant win, while rich people tend to enjoy the game more and they only gamble to get rid of their boredom, they use gambling as a way to relieve boredom, whereas poor people think of doubling their money

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Here's the thing that everyone should know or knows about gambling - One should really only be gammbling with money they are okay with losing, which is also known as "disposable income". People who aren't financially well-off usually don't have that kind of cash lying around. So, risking what little they have in hopes of a big win isn't just risky but also it's disastrous since as soon as they lose the money, their future remains undecided and dark. Gambling for fun, with a set budget that you're cool with losing as long as you are enjpying is one thing. But gambling with the hope or expectation of turning your financial situation around is complete a bad idea. The odds are always against you in the long run. Doesn't matter if you are rich or poor. Don't forget, there are people that were once rich and now has nothing thanks to them gambling away everything they had.

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Poor people have different views about gambling as they think that it is the last option for them to improve. Even though they only have a small income, they still manage to spend money on gambling. It is an unfortunate decision but I understand them because even if they work hard, it won't change their status instantly. But having tried into gambling, if they are too lucky, this would change everything. It was just believing into a very slim chance in life but who knows? Their decision looks so wrong but can't judge them either as they also have reasons of doing this.

It's a sad reality that many people resort to gambling as a way to escape financial difficulties. They spend whatever little money they have and hope for luck to bring them a better life. We can't blame them for this desperate measure, as they often have no other means of earning money. And then, some people become so focused on gambling and try to make it their source of income that they ignore the risks involved.

Topic: Rich or poor gambler, who should risk more? - page 57. (Read 9655 times)