Topic: Rich or poor gambler, who should risk more? - page 8. (Read 9659 times)

Those who gamble using small fund can win a bigger profits but they must have control to takes their profit anytime they win. Many gamblers can not holds themselves from keep playing gambling and risks their money and that makes them lose much money. They don't realizes that they will lose all of their money, no matters if they are rich or poor gamblers. Playing gambling will risks more money for both gamblers so they must know how to minimize their risks so they don't have to lose much money. In this matter, both rich or poor gamblers must pay attention to their money because they can spends more money more than they can afford to lose and that will gives them a big risks of losing the money. That is why all gamblers must not use too much money to playing gambling because the risks behind of playing gambling will takes all of their money.

The possibilities are endless, it's just the matter of effort

I have seen gamblers using small fund to win a bigger profits which might not even be possible if we are not concentrate of and discipline to win with all experience out together. Gambling can be a little bit stressful when we are not making any winnings and it is very good for us to be prepared and make sure we make money for us ourselves if we really want to see people learning from us. What differentiate a poor gambler from the rich one is capital. A rich gambler would want to use bigger capital or bankroll to gambler taking few games and putting bigger amounts of money while a poor gambler would want to use his little amount to make huge profits from gambling.

interesting
makes me think on all that is needed in the backend to have an updated website to check this things
that's probably why bloomberg got so big
it's interesting to think too on everything that is needed for trading view to have up to date information

I was mentioning services like currency conversion rates, stock exchange prices, etc.

They usually give you a delayed stream of data for free, because it's no longer relevant for right now.

This means that if you were able to predict those values, even 20 minutes, then you would have made bank.

i like the copywriting idea (but appliable to all marketing and even to dating) that all you need is knowing how to "transform seconds in minutes"
this is exactly what they are doing, they hook you with free bets and maybe they even pay you knowing that they'll get much more in the future

People don't want to know there place in gambling and it been your are rich or poor losing is something you can not avoid just that the rich have money and when they don't win they still have other means that they can fall back to, but the poor or an average person can even bet with all they have I don't think the rich will make that mistake of gambling all they have. One othe differences that the rich have with the poor is not more than from the mindset and the poor will always think the risk is worth taking, if it's not cnvinience then leave it alone their more other games that you can bet on. It's finance will be the one in trouble not even is job he might even end up doing silly things at the office and even taking loans just so satisfy him self and doing that won't be good for is life because a lot of things will be at stake.

I mean, that's why there are a lot of services that give you everything for free after 20 minutes.

The only thing that matters is the value right now. After 5, 10, 20, minutes, then it doesn't matter any more, it's known.

That agrees with what you are saying, if you are able to predict those 5 minutes, you will be a trillionaire very soon.

Of course, but it's not really possible at the moment So we should utilize what we can at the moment - real facts processed with the experience we had.

But I think there are some basic reasons for all of that, those who gamble at work are just entertaining themselves to relieve fatigue after finishing their work which may be draining or mentally draining.
We should be able to think and respond positively to things like this because not all of those who gamble are addicts and of course there are still some who can be responsible and gamble wisely even though the percentage is still very small.

Back to the topic, I want to tell you little interesting thing that I saw directly few days ago.
There were two friends with different backgrounds from rich family and simple family and finances, they watched match in the 2024 Paris Olympics and both made an agreement to bet.
In volleyball final, he who came from simple family spent all his money to bet but my friend who came from rich family and had lot of money refused and preferred to bet smaller amount.
He said that risking large amounts of money for betting is stupidity, from here I think that whether it is rich or poor people, they have different mindsets and different courage in taking risks, rich people do not necessarily dare to take big risks and poor people do not necessarily fear taking the risk of losing money.

have you ever considered that if you can predict a little bit into the future, even as little as 5 minutes it is enough to make you a trillionaire?
quite crazy when you put it in perspective

with trading, or gambling, pick your poison...
there are no consistent future readers.

And it should stay that way for a long time.

Luckily, I have never bumped into online gambling while I am still working a day job in an office because if I did, I might do that kind of thing and it would be a waste of time and money which also jeopardizes my job.
We cannot combine these two. The work should be done first and after that, it is when we can finally relax and enjoy gambling more because we have nothing else to think about.
Truly, it's a different level of addiction because a gambler cannot control himself anymore and he is bringing his bad habit to work which could lead to being suspended or maybe worse.

Yeah, but you know that your work will keep paying you every time, whereas with gambling you never know....

That's the thing, and many people haven't picked it up, but basically you can't predict the future.

Many people try to do that and fail bad, and some are actually selling those predictions...

Gambling should really be just that for fun and not for something that talks about making money because on the time that you would really be changing up those thoughts about it then it would really be bringing out that kind of behavior on which its really that inappropriate when it comes to gambling. Talking about on who would really be gonna risking more then it wouldnt really be that something need up to choose. Why?Both are really that risking their money to earn money with gambling. The difference on here is that rich people does have even more and could prolong gambling sessions on which its opposite when you are poor or someone who do have that limited amount of fund on which we know that when it comes into this aspect then it would be pretty obvious on who would be losing more in terms of monetary count but just like on what been said that it would really be just that the same because poor or rich they are both risking their funds. The key on here is that you shouldnt really be going beyond with those limits in speaking on the amount that you would really be gonna tending to lose.

The important thing on here is that you dont make yourself that getting impulsive because on the time or moment that you do find yourself having this kind of approach
then it would really be resulting into further more loses and this is something which isnt recommended.

It's an increasing trouble and players neglect the need to stay responsible. Most players lose productivity in their work place. Because they're gambling at work. That's addiction in a high level. However, if a player decides to make such mistake, he's risking his job opportunity. Gambling is not meant to be misused. It's meant for relaxation after work, not during work.

do you think most people approach gambling (or anything in general tbh) in a rational way or in an emotional way?
this is one of the big questions to ask ourselves
i think most of the time we approach things in an emotional way.
it's crazy but let's face it.

Yeah, I wouldn't mix up my work and my hobbies. Each needs concentration, whereas doing both would break it.

This is about the game that is played, but when this game is played excessively, there will be consequences that are certain to occur. Gambling that is done excessively is certainly no longer gambling to seek joy but there is a desire that must be fulfilled, but to fulfill this desire, sometimes the actions taken are actions that are high risk. We must be able to think clearly and be ready to lose, so it is important to see ourselves by risking what we can afford. That's right, we must be smart in this and in other things, when we have intelligence it will help us to be okay. Gambling is something that is certainly risky, but the risk will not be fatal if we do it properly. In addition, for those who have the wrong mindset about gambling, they will make mistakes in making decisions, and this can happen to those who are rich or poor.

Indeed that is the way, because I have seen many things to do as a way of controlling it, but personally I know that that is the best, there are some players who say that they can control the emcoins, but I am not in favor of that, we are humans, our emcoins are very strong, in fact as I have said many times, we are humans, and emotions make us human, therefore controlling our emotions at least to me seems extremely difficult, no matter how much control you have, we will look for a way to find something to let them out, then limiting the money can control everything.

you are right because everything is decided by the starting capital that is intended for the game. Here, as an example, simple mathematics, if a poor player has an initial bank of 5 dollars and a rich one of 100, then the difference between their capitals will be 20 times greater and, accordingly, the rich player can make more bets and has more chances to win.