Rich or poor gambler, who should risk more? - page 61.

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Quote from: Westinhome on February 07, 2024, 03:50:24 PM

Quote from: HelliumZ on February 07, 2024, 03:34:36 PM

Haha, even if there is an outward difference between rich and poor gambling, there is no difference between the two in gambling as Ricks will be in both rich and poor. That is, if there is a bet in gambling, both the rich and the poor will have the possibility of loss or there will be the possibility of profit. The higher the bet, the more likely he is to face losses or gain. Yes, but one thing will happen more in the case of the poor than the rich, that is, if the poor gambler gives more losses, then the possibility of the poor gambler to catch the bet will decrease, because in the case of the poor gambler, it will become difficult to manage the money of the gambling bet, but in the case of the rich gambler, that possibility will be less.

The risk is the common one between both the rich and the poor gamblers.But the loss will not affect the rich gamblers and affect the poor gamblers in very deep.Because the poor gamblers money is the life saving money of them,they also use the long time savings.So most of the poor gamblers uses the life savings money in the gambling will leads to the huge pressure to the gamblers.The gamblers with huge money can able to go for the big betting for single betting,because the gamblers have less money will go for the small betting to hold some dollars for the future game.The poor gamblers need to arrange more money for the gambling site.

I do not quite agree with you, because to get pleasure from the game poor gambler enough deposit of $100 and bets at $1. Rich gambler will not feel any emotions from such bets. He needs to bet much more. Therefore, the risk of a rich and poor player is commensurate. If we talk about a big win, the chances of it is also equal, because we know more than one story in which the lucky one won the jackpot by making only a few small bets.

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The rich gambler can take as much risk as he can because if he lose with his money, he'd just spend again another batch of it from his wealth.
While the poor gambler, if he losses his own money. The hard part is on how he can recover if he doesn't have that much wealth.
So, just take precaution for the poor gamblers and if you can't take the losses lightly then you are better not to gamble and spend your money for something important.

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Quote from: HelliumZ on February 07, 2024, 03:34:36 PM

Haha, even if there is an outward difference between rich and poor gambling, there is no difference between the two in gambling as Ricks will be in both rich and poor. That is, if there is a bet in gambling, both the rich and the poor will have the possibility of loss or there will be the possibility of profit. The higher the bet, the more likely he is to face losses or gain. Yes, but one thing will happen more in the case of the poor than the rich, that is, if the poor gambler gives more losses, then the possibility of the poor gambler to catch the bet will decrease, because in the case of the poor gambler, it will become difficult to manage the money of the gambling bet, but in the case of the rich gambler, that possibility will be less.

The risk is the common one between both the rich and the poor gamblers.But the loss will not affect the rich gamblers and affect the poor gamblers in very deep.Because the poor gamblers money is the life saving money of them,they also use the long time savings.So most of the poor gamblers uses the life savings money in the gambling will leads to the huge pressure to the gamblers.The gamblers with huge money can able to go for the big betting for single betting,because the gamblers have less money will go for the small betting to hold some dollars for the future game.The poor gamblers need to arrange more money for the gambling site.

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Quote from: Dzigie on February 07, 2024, 01:51:53 PM

My observation is that poor people take more risks. Actually, I don't blame them, they take more risks because they need more money. But I think they are not really applying the right strategy because taking more risk does not mean making more money. I think they should make optimum decisions instead of taking more risks to make more money.

In fact, both have the potential to experience a lot of high risks, it's just that it all depends on the strategy and luck they have. So it seems as if poor people take a lot of risks because when they lose money, they have no more money or it could be said that their hopes of making a profit are lost. However, for rich gamblers, winning or losing is normal because even if they lose they will not be stressed because they still have a lot of money.

It just depends on our point of view in looking at all this, who is more at risk than poor or rich gamblers. Because basically to be successful in gambling games you only need to control your emotions, psychology, have a strategy and have luck.

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IMO this can be easily explained. Both rich and poor gambler should take risks, but never risk an amount that could put their well being in danger. You should never bet the amount that can put you in debt for years, or worse. This means that if you hold just $10k in the bank and that's all your money, you should risk some, but never more than half of what you have, so that you can always pay your bills, buy the stuff you need like clothes, fuel for your car and such. A rich man with 10 million in the bank should feel the same, with the difference that his expenses will be much bigger, so being left with 5k will means bankruptcy. He needs a million to stay liquid.

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Haha, even if there is an outward difference between rich and poor gambling, there is no difference between the two in gambling as Ricks will be in both rich and poor. That is, if there is a bet in gambling, both the rich and the poor will have the possibility of loss or there will be the possibility of profit. The higher the bet, the more likely he is to face losses or gain. Yes, but one thing will happen more in the case of the poor than the rich, that is, if the poor gambler gives more losses, then the possibility of the poor gambler to catch the bet will decrease, because in the case of the poor gambler, it will become difficult to manage the money of the gambling bet, but in the case of the rich gambler, that possibility will be less.

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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. 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 poor takes more risk in gambling than the rich. The rich normally take little risk im gambling because the have the fund and they are not that desperate to make fast money when they bet. The way the rich and the poor bet is different and everyone having different priorities to make money. We don't need to over because we are poor and we want to make fast profits and become rich. The poor are always interested to break through poverty and become rich but the rich already have the money and they don't need extra muscle to keep gambling to break through. They gamble flexibly without stressing themselves.

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Quote from: angrybirdy on February 07, 2024, 04:31:52 AM

Quote from: Apocollapse on February 07, 2024, 03:10:04 AM

The poor shouldn't gamble in the first place, they should accumulate as much as possible to build their wealth. If they're keep gamble, that's the reason why they're still poor. Remember, gamble using free bet or faucet isn't gambling since you're risking for nothing.

So it's the rich that should risk more, they have larger money, means they can gamble mores.

I agree, it would be better for those who are rich and have money to take risks because there is also a possibility that they will earn back the money they will lose, unlike the poor, when the money they used is lost, that is a big loss and problem for them, where they will get something to trade with the money they lost.
it's better to those poor people to focus on working and saving instead of adding vices that won't help their lives.

Sure, it is better for rich people to take more risk because they have money to minimize their risk, even if they bet and lose they will get another money to bet and win most rich people you will see they are buying games and staking huge amounts of money to get profit, but if you are not rich you can't bet high, and any risk you are doing if you need huge profit you just need to put big money, because when you win the money will come with big profits, so I prefer rich people to take high risk more then the poor once.

Gambling is for anybody who wants to wager, and if you don't have a source of income, you can't enjoy it because if you lose, it'll be difficult to get more money to bet, and you can't guarantee that even if you stake you'll win. If someone does not have enough money to place a bet, I would advise him to look for another option that will reduce his risk, as gambling is a place where you can lose or win depending on your luck.

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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. 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?

Talking about the risk of who is worthy of doing it, it seems that there is no difference between poor gamblers and rich gamblers because every gambler who puts their money into gambling and betting, of course they have taken a risk and it doesn't matter whether they are rich or poor gamblers, the only difference is the amount of the bet.
For me, it's all just about luck, even though rich gamblers are always ready to take any risks, but if they're not lucky, they'll never get a big win, but if they're lucky, poor gamblers can get a winning streak.

Gambling only about how lucky we are, not about who worth taking the risk.

Dzigie

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My observation is that poor people take more risks. Actually, I don't blame them, they take more risks because they need more money. But I think they are not really applying the right strategy because taking more risk does not mean making more money. I think they should make optimum decisions instead of taking more risks to make more money.

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I can't forbid anyone from getting into the world of gambling, regardless of whether someone is rich or poor. Because it is freedom. However, I only advise that gambling is not a place to seek profits and multiply wealth, let alone have the illusion that gambling can improve one's financial condition.

Gambling is a form of entertainment that can provide pleasure as well as high financial risks, which can lead to suffering. So gambling must be done with great care and full control over the activity. For the rich, don't just because you have unlimited money, then you bet with high stakes, because no matter how rich you are, if the money you have cannot be managed well, then that money and the wealth you have will be wasted. drain. and for the poor, you must be able to appreciate no matter how little money you have, because you earned it with great difficulty, and it would be stupid if you chose to spend it on gambling and expect profits from gambling, because then your money will run out and you will Confused about how to return the money you have lost in gambling. In the end, this will only make you suffer more.

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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. 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?

There is probably only one way for a poor player to gamble without harming himself financially and, subsequently, psychologically. Using this method, you need to spend only the money that a person can afford to lose without changing his well-being.
By the way, the same applies to a rich person, because losing money is easier than earning it, and a rich person is in no way immune from losing money in gambling.

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I’d say being rich or poor isn’t the determining factor of how much a person should bet on an event. I think it’s more about boredom and who needs to feel alive more. In the end gambling is entertainment, so I might even say that the rich man likely has many forms of entertainment available while the poor man may not, leading him to need gambling entertainment more than the rich man.

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Actually, I see risk taking in gambling in two ways amount used in staking and odd accumulation. Gambling when you are rich it's more funfil. Rich people often stake high and risk more on bet than the poor they accumulate just few games which the chances of winning is high and rich guys often win bet than the poor. How will you risk when you don't have, poor guy's, their stake on bets is very low compared to rich guys. But in terms of accumulating higher odds poor people often risk in accumulating more because of low stake to have big win. But the one which carries more risk in gambling is the amount used in staking on a bet.

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Quote from: Oshosondy on February 07, 2024, 02:48:42 AM

When someone should gamble should be when he has an income that is capable to financially have a good family and using just little part of the savings like 5% of his weekly income to gamble. We have said this countless number of times. If you are not receiving enough income, do not gamble. If you are an average, use just 1 to 5% and not more than 5% of your weekly income to gamble. If you are rich, also use 1 to 3% for gambling. But if I am rich, I can not use up to 5% of my weekly income to gamble, I will reduce it. In gambling, if you have the money to spare for it weekly which you can afford to lose, let it be in percentage. If you are rich, better not to use more than 1% to gamble.

I agree with you, gambling isn't for someone workout a steady and stable source of income. The rich gamble consistently because they've enough spare funds, the poor people should work on increasing their income to satisfy their needs first before thinking of gambling.

The pressure heightens on the poor man when he loses funds meant for home purposes. Its stupid to act that way. The rich should gamble more since they've enough funds and can convincingly be gambling for fun

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Quote from: DaNNy001 on February 07, 2024, 12:52:01 PM

Quote from: bitbollo on February 07, 2024, 03:02:49 AM

Proportionately both risk losing their money. Of course "gambling" without money include no earning or just "penny earning" Roll Eyes

Who should risk more? No one! Having "courage" take the "risk" these are all terms that must not be used in gambling since it simply increases the possibility of losing money exponentially.

But it also increases your chances of hitting it big time 😊. I personally don't believe that you can actually start small and then grow and then make it big in gambling, my direct approach to this is that if you won't win, you won't win and if you are gonna win , you are gonna win. I have this particular friend of mine that like playing crash games with little amount of money to as low as 0.06$ and whenever I see him engage in his gambling it just makes me wonder, I mean how long can you carry this out till you actually win something that you will content with.

I also don't think so as you have to lose even when you have win you still have to lose. When you start from low you bet and lose there will not be another money to gamble again as you have lost the small money which you brought to gamble with.
But when luck is on ones sides you will be given an opportunity to win but when you are greedy to make it random figures like from $5 you won $45 and you still have the mind to try again to make it $50 that's when losing starts come and don't also be sad when you lose all the $45 including your capital.

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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. 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?

If you are a poor gambler then making yourself that getting rich with gambling is something that a very common approach or mindset that you would be having on which this is one of the main reasons on why gamblers is really that too desperate on dealing up with gambling since they do know that it could give out that opportunity or chance for them to get rich specially into those middle to poor classes.
How those poor ones would be able to avoid those such disaster on becoming even more poorer? When it comes to this situation then it would really be talking about moderation in the end of the day.
This isnt really just that limited to those poor ones but also into those rich ones. There would really be that notable differences but in the end it would really be still needing up on the
same situation.

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Quote from: bitbollo on February 07, 2024, 03:02:49 AM

Proportionately both risk losing their money. Of course "gambling" without money include no earning or just "penny earning" Roll Eyes

Who should risk more? No one! Having "courage" take the "risk" these are all terms that must not be used in gambling since it simply increases the possibility of losing money exponentially.

But it also increases your chances of hitting it big time 😊. I personally don't believe that you can actually start small and then grow and then make it big in gambling, my direct approach to this is that if you won't win, you won't win and if you are gonna win , you are gonna win. I have this particular friend of mine that like playing crash games with little amount of money to as low as 0.06$ and whenever I see him engage in his gambling it just makes me wonder, I mean how long can you carry this out till you actually win something that you will content with.

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Quote from: Antotena on February 07, 2024, 12:35:18 PM

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. 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?

Gambling is not about status, it's about fun and that fun have to come from the money you can afford to lose. There is nothing right to gamble high amount of money because you are rich and it doesn't make sense for poor person to bet high, gambling should never be about status but about IQ and skills you have to present to give you hedge to win what you have in mind and if it come, you are won whether big or small, the objective of gambling is for you to win.

What I learn from gambling is that people think when they see gambler that use huge amount of money and win another huge amount of money, they assume you have to use big money to make more money, what they don't study is when this rich people lose money, they lose more but if you look at it critically, that is the amount they know they can lose and wouldn't be affected. A poor person isn't supposed to replicate what rich person is doing in gambling.

the poor also gamble what they can afford to lose which means all of these gamblers know the risk and so they intend to play by the risk they know it's fine ffor their finances not to crumble.

but certainly the poor don't gamble for fun. they took more risks in gambling and the amount they could be putting on the line could mean no money intended for the rent next month. or worse losing a meal. the rich can just take a loan from their bank or sell assets to cover the loss. they have no problem since they have more assets while the poor work another week to get paid.

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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. 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?

Gambling is not about status, it's about fun and that fun have to come from the money you can afford to lose. There is nothing right to gamble high amount of money because you are rich and it doesn't make sense for poor person to bet high, gambling should never be about status but about IQ and skills you have to present to give you hedge to win what you have in mind and if it come, you are won whether big or small, the objective of gambling is for you to win.

What I learn from gambling is that people think when they see gambler that use huge amount of money and win another huge amount of money, they assume you have to use big money to make more money, what they don't study is when this rich people lose money, they lose more but if you look at it critically, that is the amount they know they can lose and wouldn't be affected. A poor person isn't supposed to replicate what rich person is doing in gambling.

Topic: Rich or poor gambler, who should risk more? - page 61. (Read 9655 times)