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Author Topic: Do you think if you have a lot of money its hard to satisfy your ego in gambling  (Read 681 times)
Davidvictorson
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November 03, 2023, 05:15:55 PM
 #141

What do you think, if I have millions I will be satisfied betting thousands of dollars for fear of addiction that will lead to losing my fortune, but I really don't know if I will reach that level of having millions and still be moderate in gambling.
You will never know until you have the millions and you should only take the advice of those are betting thousands of dollars.

I have yet to be able to bet thousands of dollars but I will say from the experience of others that unless you have an ego and reckless financially betting moderately will always be the goal for you because when you are rich your perspective of betting is not the same with the poor person. Betting at that time is done to close deals, bond with business partners or just to burn off steam and not for the winnings.

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November 03, 2023, 09:08:38 PM
 #142

-snip-
Is it still related to money or business? But I heard some rich people don't have a problem about money anymore.
Both are related to wealth. What I mean here is the problem of financial management, because it is clear that it is not difficult for rich people to make money every hour.

This doesn't mean that rich people never waste money on gambling, it's just that their gambling motivations are difficult to predict and our perspective is different from theirs regarding big money. However, it is very rare for rich people to gamble because they have income problems. I'm talking about rich people in general in any country where they are required to have a financial literacy background.

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November 04, 2023, 02:27:27 AM
 #143

It all comes back to financial management, the richer you are, the more complex your problems will be and you have to spend as wisely as possible.

Assuming you are a rich guy, small bets can make you satisfied if you only have one goal to satisfy your gambling desires. The problem is, what many rich people are after is not only that, but also personal popularity and other things.
What complex problem do you mean? Is it still related to money or business? But I heard some rich people don't have a problem about money anymore. They don't need to spend wisely and they can gamble whatever they want. It's important to reduce their stress that came from their other/non-financial problems. In gambling, there are two things that a gambler can possibly get. And that is profit and entertainment.

Those who bet small are probably playing for entertainment only while those who bet huge are likely playing for the profit. Gambling seems not a good way to get a fame because many people are against with it. Though maybe it's fine if this is your origin.
Everyone regardless of their level of wealth has money problems, the poor have the problem of having too little money, while the rich have the opposite problem and need to find a way to protect it and increase it.

And if anything money can become an aid that can make any addiction many times worse than what it could be, as someone that does not have a lot of money cannot keep their addiction going on for long, while a rich person could do so until they destroy themselves and everyone around them.
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