Topic: Rich or poor gambler, who should risk more? - page 58. (Read 9664 times)

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.

Gambling will not change everyone`s fortune and so it is misleading for a gambler to depend on gambling to change his fortune. All gamblers whether rich or poor are aware of the risk in gambling and what constitutes unbearable risk depends on the income of the gambler whether rich or poor. I will not encourage any gambler to be involved in an unbearable risk.

A rich man can become poor through gambling so certain risks are not worth it. As for the poor, it can even create more problems than it solves. My verdict is that all gamblers whether rich or poor should take only bearable risks that is betting with only an amount they can afford to lose.

A big loss is when you bet big and I'm sure poor people will mostly risk small since they are only poor anyway. Losing small is not heavy, especially if you have less expectation about gaining something. Poor people have a job too and maybe a business, so they can always have a money again. Only working and saving is boring. And as they say, we can't bring the money in the other world once we perished.

So, it's better if we use it and live the short moment that we have on this planet. It does not mean though that we will now use all of it or we won't save and work anymore. Of course we still must. Everything must have their own limitations.

That's so true. Many poor people are gambling because they want the easiest way out of their condition. They want the quickest possible way for them to change their fate and live better lives. Many poor people are buying lottery tickets hoping that they hit the jackpot because that's for them the only way to get a turnaround. Not only is this built on false hope, this also speaks a lot of their character and possibly explains why they are poor and remain poor. 

However, in reality, throughout the world, the majority of gambling players are poor people, especially online gamblers. They gamble to change their fate and hope to get good luck from gambling.
In my opinion, this online gambling phenomenon is the cause of unequal employment opportunities in a country, so that many cannot get out of poverty so the choice or path they take is gambling. So it is not surprising that the greatest risk from gambling is among the poor.

As you said, if you gamble, you should at least have enough money to meet your basic needs because nothing is certain about gambling. Another thing about gambling is that if you don't know the knowledge and how to choose or are not an expert then gambling will only be a waste of money. and the side effect is addiction. However, this is different from rich people who have a lot of money, even though they lose they still have a lot of money and most people gamble just as a hobby and looking for fun.

Yes, any amount for the poor is meaningful while for the rich there is a possibility that it's normal amount that he can afford to lose. Wherein many of the gamblers rely on their status of life and if they're poor, they're struggling as they gamble. And they can't afford to lose big bucks unlike the rich, they can just freely lose them and be back again anytime. That's the hard situation of the poor gamblers and there's the advantage for the rich ones.

Affordability is very important in gambling and I believe this is the first warning to all gamblers, only that they do not often follow it. Well, the rich will always have more money in their possession and getting it ready to be wasted since they do not have much use for it, and at times, it will not even affect them since they have channels that are earning them money. For this reason alone, the poor can't behave in gambling the way the rich would, yet the number of gambles could vary. What I mean by the number of gambling is the number of times they wager, the poor may continue to wager his money consistently and uninterruptedly, but with a little money per betting. Whereas, if the rich are wagering too much per time, he might feel it when it gets to a certain level unless he is a fool, which is not a good characteristic.

We should not be wasting money anyhow, there are other purposes we can use money for even if we want to expel some of the money anyhow. This attitude should still even be reflected as responsible gambling in the rich people whether or not they have enough money for gambling. Above all, if this context is to be adhered to, I stick to the rich here as my choice, they have more money and resources, and even the environment of their gambling at times is so encouraging and entertaining compared to that of the poor. So they are the ones who are supposed to take more risks. Also, in my opinion, even if they are not consistent about it, they are still the ones who are taking the higher risk due to their worth.

Regret will come last. Rich people may not have regrets, but there is a small feeling of regret in their hearts that they will not reveal to others and will keep to themselves. Rich people gamble and lose a lot of money. Perhaps that is normal for them, but they also have the potential to win a lot because they bet big money. But if gamblers realize that there is a loss as a result of gambling, they will only gamble enough so that they will not experience deep regret.

What they have to pay attention to is how much they can accept the risk so that they will not gamble excessively.

If you look at the background especially from a financial point of view it is clear of course that poor people should never touch gambling at all because this activity will only cause more problems with their finances, but one of the reasons why poor people are involved in gambling is because of the "winning opportunities" that they think it will be easy to realize which is to improve their financial situation. So we must be able to detect the reasons for those who are basically poor but instead get involved in gambling, and as I said above that the main reason they enter and get involved there is because of the opportunity to win, they are so excited by having high confidence and put full hope in winning that this mindset makes them seem to override the aspect of the possibility of losing which clearly cannot be separated in gambling. So the misconception about the chances of winning that exist in gambling makes poor people come to change their lives, when in fact this activity will only make them suffer more.

It sounds impossible but it is possible, remember the fact that there are some poor who can do anything to get money to gamble such as getting online loan, selling property, or even do crime. That ways, poor (who are already addicted and frustrated) get more money to gamble and may lose everything they have in life. The chance of losing bigger has nothing to do with financial status too because "big" can be something subjective. Big for us can be just small for others, vice versa.

Regret is a nature, no matter how rich or how poor a gambler is, he may still regret when he lose in gambling. It depends on the gamblers themselves, gamblers may not regret it if they know how to gamble responsibly regardless their financial condition.

Their difference is the opportunity, once you say the rich in this part we know that this is not just a one-time millionaire sure the rich person has different assets but if he loses the game in gambling still there's a possible income will come through his pocket, also the rich have more opportunity than the poor because he has the higher chance of having a games that can be get back his losses or wins more double. In the poor they have limited opportunities, the budget is limited because its just an extra money, and also they need to work hard again before they get enough money to play gambling again.

Poor people are more involved in lotteries because here they can bet with much smaller amounts of money, buying two or three numbers for a small amount of money can also give them big wins in the lottery, as long as they are lucky enough to get the right numbers.
Everyone has the right to gamble, but gambling awareness must be based on financial capabilities, so that it does not affect their life journey with their family.
For example, if they cannot afford daily living expenses for their family then should not force themselves to gamble. That's how gambling should be and when we want to engage in it, we have a specific budget that does not interfere with our daily needs.

Poor people gamble because they are attracted by the prizes that gambling gives the winners, so they use their money to gamble. And even though they can't win yet, they will continue to try to win the gambling game to get money. This mindset must be changed so that they do not waste their money gambling and prefer to use their money for other things, such as meeting their living needs. It would be much better because they would not have to lose money on gambling while they could make ends meet. If he can understand this, he will be able to use his money well and continue to work hard to earn money from his extra work instead of gambling to make money.

A poor man should not even gamble. Why should a poor man play with money when he only has a small amount of it? He is poor, meaning he cannot fully support all his needs. He cannot provide decent food, shelter, clothing to himself and his family. He finds it hard or even impossible for his children to get a decent education. That's what being poor means. So why should he be gambling? I think he has no right to gamble when he can't even provide for his family's needs.

Rich gamblers have enough capital to be able to last longer while in the game, but it all depends on their individual character, if they gamble just for fun of course they will not expect to get back the money they have spent  when experiencing consecutive defeats and can limit them because the goal is to seek pleasure

In contrast to the poor gambler, if he gambles to get income to change his life, he will never get it because he gambles with ambition and will continue to chase big wins, This will result in continuing to do it and feeling addicted which will have an even worse impact on him.

Luck in gambling will come automatically depending on the purpose of gambling and the characteristics of the person playing it

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.

Risk is a small amount or big amount is differs from person to person. Those who have 5k$ think a small amount or big is different from those people who have 5 Billion dollars. But the risk should be taken only those amounts which a person can afford to lose. And it depends on the person's affordable. A rich man may not afford the amount which a poor man may do. So, it can not be measured by rich man or poor man.

True. The rich people won't regret it when they spend a small amount of money. But the poor people will regret it whatever the amount of money they spend for gambling. It is because the poor people have no much money, they have limited amount of money. The poor people won't gamble the whole day because they have no enough money. But the rich people may gamble the whole day because they are capable to do it. So, the chance for losing bigger money is surely for the rich people.

It is impossible that the poor people will be with huge money. Where they get the money? If they have huge money, they will prefer to fulfill their daily needs. And about stopping gambling when they win it, it depends on the person, there is nothing to do with the poor status. There is also no guarantee that the poor people can have good luck to win it easily.

It doesn't matter if you're rich or not. The amount of risk you take should always be proportional to the losses you can afford.

You could be the richest guy in the world and be shaken by a mere loss of a dollar, and that's okay (and you should take that into account when you gamble) of course this doesn't apply to those who's living below their means cause why the hell would you splurge in gambling when you can't even afford to finance your food in the first place? Make that make sense. This kind of means rich people will always have the edge over poor people in regards to being able to afford losses and whatnot but it's a reality in life that we can't really ignore/disregard. But the point still stands, only risk what you can afford to lose. Going over your limits is a death wish, you're not a main character in an anime, you shouldn't surpass your limits especially if it's all about gambling anyway.

Regardless of whether someone is rich or poor, a person who is wise enough will never bet an amount higher than his ability to lose. Because they are well aware that if gambling is not done as wisely as possible, then the gambling they do will only result in losses. a loss, which is none other than this activity can only waste our time and money in vain. and no matter how rich you are, if your finances are not controlled properly, the money you have will be wasted on useless things, such as spending it on gambling.

Everyone knows that gambling is an activity that has a high risk of losing money, and after losing that money there is no such thing as a money back guarantee. So it would be stupid if we bet like crazy in gambling. "Gambling is for enjoyment, by placing higher bets, it will only cause disappointment and significant losses."