Rich or poor gambler, who should risk more?

[STT]

Rich is only when you have a regular source of income, a person who can gamble it all and become poor in a short period of time was never really rich imo.   If you are vulnerable to losses and will become poor that easily then you were just lucky momentarily.

   Rich is owning enough regular income you can gamble at ease and know next month you will be 'rich' again.  This is what determines smart money because most who are rich and stay rich know its easy to become poor again so they invest and pay off bills which will bring them down otherwise.

Rich or poor same advice always applies never risk more then you can afford to lose.  Winning the game should matter more because if you can with confidence win it once you can repeat that success with your winnings tomorrow, no need to risk it all.

[LUCKMCFLY]

Simply put, whoever you are, rich or poor, you have the opportunity to win, but you also have the possibility to lose, the only difference between the two people is in terms of the amount of winnings because it is clear that rich people bet bigger amounts than other people. poor, but we must understand that rich people can also experience far greater losses than poor people.

Yes, in terms of profits they can be the same but not in amounts, a poor person will always have the option of wanting to continue playing but can't because his situation does not allow it, and the rich player can play as much as he wants and lose as much as he wants only at the end of the day I think he will not feel as much emotion, unless he is a really addicted person who can't stop playing, and that happens a lot and I have seen them in the casinos, and boy do they win a lot of money, money that at least I would use for many things, but rich players when they win they do it very big because they bet a lot of money and obviously the winnings are huge.

[Out of mind]

~snip~
Of course, if we talk about gambling then there will be no difference between rich and poor people in terms of opportunities, it is difficult to explain it in detail, but what is certain is that everyone has their own lucky times that can lead them to victory, rich and poor people still can win, but perhaps by a different amount.

But still the problem of who will win more often between rich and poor will never be known, the reason is clear because luck is something that can never be controlled which will only come by chance without you knowing, meaning there is no element consistency in terms of achieving victory.

Simply put, whoever you are, rich or poor, you have the opportunity to win, but you also have the possibility to lose, the only difference between the two people is in terms of the amount of winnings because it is clear that rich people bet bigger amounts than other people. poor, but we must understand that rich people can also experience far greater losses than poor people.

True, and at the end of the day rich and poor both can end up with zero in their accounts.

It doesn't really matter with how much you started if your ending balance is zero.

The difference might be that the rich person might have a larger buffer and stop before it's too late though.

At the end of the day, most people's accounts become zero. There is no difference between the rich and the poor. When a poor person deposits money in his account and a rich person deposits money in his account, when they both lose, their account balances become zero. But the difference is that the poor have a lot of difficulty in saving money later on they have to fast their income which becomes very difficult but not so difficult for a rich person. A poor person is very emotional when he loses, but there are many rich people who place bets just for fun. When rich people have zero balance in their account, they can deposit more money later, but a poor person takes too long to fill his account. So a poor person should not take such a big risk, but the rich are ready to take the biggest risk.

[bakasabo]

A rich gambler does not feel as much stress when he loses a bet as a poor gambler does. As a result the rich gambler can manage stress free gambling at any moment which is not easy for the poor. And one advantage for rich gamblers is that they don't want to get rich through gambling but most of the poor gamblers try to get rich quick. There are many poor gamblers who gamble away from their main job which is one of the reasons for their downfall. I believe that if poor people control their greed and gamble, then their gambling losses will be greatly reduced.

That would work if rich person makes small bets. What is worse, a poor person losing $10, or rich person loosing a million dollars? I think both of them would be disappointed, but the rich person would be more. Imo all people are equal, everyone are greedy, everyone always wants more. So if poor gambles to get rich, identically rich person gambles to become even more rich.

Some people say that rich person dont care much when they lose. If they do that, they wont be rich for a long time. Rich people also value money. Imo topic question is more philosophical. The same as discussing like who eats more, rich or poor? There will be lots of arguments for both sides.

[junder]

It is very dangerous for poor players to lose their last money, because they may not have enough to eat after these games. This indicates that the risk was taken incorrectly; it was excessively exceeded. Before playing, they don’t think that they will lose and this is the biggest mistake, why everyone always thinks that they will win, this is not the correct thinking of the players, on the contrary, they should prepare for the worst case scenario for themselves, so that later they do not have to look for a way out after the fact.

The rich can afford to lose, but they will not cross the line after which they will have nothing to eat, because their assets are basically distributed and in order to achieve them they will need to make requests to banks or sell real estate, and this will take days and weeks, which allow them to cool down and stop this action.

Sometimes poor people usually gamble when they only have the last bit of money and their goal of gambling is of course to be able to win which is to improve the financial situation of those who don't have much money. But of course the actions they take will most likely only result in the loss of their money, but they will be very lucky if they can win with the last money they bet. Indeed, basically every gambler when they are going to gamble definitely thinks they will win, I don't know why, but in my opinion that is something they definitely think about when they are going to gamble. It's true what you said, they should be able to think about the risks that will occur so that they know what to do when they experience something undesirable.

Those who are rich will most likely not worry when the money they bet on is lost in gambling because I think they already know that if they gamble, of course the money they bet will be lost and that is a normal thing to happen. Maybe they still have money saved in the bank or as you mentioned. When I'm rich, of course I will first save some of the money I have just in case, and being rich doesn't mean I can gamble freely, there still have to be limits.

[ethereumhunter]

At the end of the day, most people's accounts become zero. There is no difference between the rich and the poor. When a poor person deposits money in his account and a rich person deposits money in his account, when they both lose, their account balances become zero. But the difference is that the poor have a lot of difficulty in saving money later on they have to fast their income which becomes very difficult but not so difficult for a rich person. A poor person is very emotional when he loses, but there are many rich people who place bets just for fun. When rich people have zero balance in their account, they can deposit more money later, but a poor person takes too long to fill his account. So a poor person should not take such a big risk, but the rich are ready to take the biggest risk.

That's what we must avoids when playing gambling. We must have strict to limits our money that we used to playing gambling so we can control our losses not to becomes bigger.  No matter if he is rich or poor, when he wants to playing gambling, he must have control of himself and his money. Maybe the rich can accepts the big lose in gambling because he realizes the big risks behinds of playing gambling.

But it's better to manage his money to playing gambling and have fun because there is no guarantee we can wins much money, no matters how much money we used to playing gambling. Both rich and poor gamblers must remember that they can only use gambling to have fun and always thinks about how they can prevents the risks will not becomes bigger.

[l3pox]

~Snip

you have to be obsessed about risk
risk management is everything, really important stuff
gambling can take all you have, if you don't take care it's a really sad situation
you know what I mean?

many people don't consider it and imo it is so basic.

The average gambler understands the risks, but many of them fail to handle the risks well. Who is not aware that gambling can make you lose, but interest and greed have made most gamblers ignore this risk. There's something wrong about them, of course, and they're basically very hard to avoid once you're addicted.

In gambling, it doesn't take you long to spend millions of dollars in your account, in fact it can all be gone in a matter of minutes. So I can conclude that, all gamblers know and are aware of the risks, but they fail to implement and consider limiting themselves from greed.

The moment one fails to understand the risk in gamble, that's the beginning of loses, if the person have been losing all day long the losing rate increases by 2 or 3%. One who is rich might not understand what lose can cause untill he lose everything in bets. Few gamblers who have gambled with all their salaries and savings can testify a little about their experience in avoiding to know the importance of risking management and a responsible gambling life. Greediness makes average gamblers case their lose because they don't have much money.

A rich gambler does not feel as much stress when he loses a bet as a poor gambler does. As a result the rich gambler can manage stress free gambling at any moment which is not easy for the poor. And one advantage for rich gamblers is that they don't want to get rich through gambling but most of the poor gamblers try to get rich quick. There are many poor gamblers who gamble away from their main job which is one of the reasons for their downfall. I believe that if poor people control their greed and gamble, then their gambling losses will be greatly reduced.

I can bet a rich gambler will feel stressed if he bets all his money
again for me it's way more about percentages than absolutes
of course for the poor person it's much easier to consider losing 100% if all they have is 10 dollars, but excluding the tails on the high end and low end it's much better to think on relatives in this specific matter.

[Dewi Aries]

Simply put, whoever you are, rich or poor, you have the opportunity to win, but you also have the possibility to lose, the only difference between the two people is in terms of the amount of winnings because it is clear that rich people bet bigger amounts than other people. poor, but we must understand that rich people can also experience far greater losses than poor people.

Yes, in terms of profits they can be the same but not in amounts, a poor person will always have the option of wanting to continue playing but can't because his situation does not allow it, and the rich player can play as much as he wants and lose as much as he wants only at the end of the day I think he will not feel as much emotion, unless he is a really addicted person who can't stop playing, and that happens a lot and I have seen them in the casinos, and boy do they win a lot of money, money that at least I would use for many things, but rich players when they win they do it very big because they bet a lot of money and obviously the winnings are huge.

Yups, for the matter of odds and possibilities they are the same but the only difference is in terms of the amount they get when they win or the amount they lose when they lose. True, as you said that poor people most likely have the desire to continue betting but the problem is that they don't have the ability due to their poor financial situation, meaning that rich people are superior in this regard.

On the other hand regardless of whether they are rich or poor if they have an impulsive approach to gambling then obviously the odds might not be much different or vice versa and the point is that there is no difference between the poor and the rich in terms of chances of winning and chances of losing because the only difference is in terms of the amount and the point is that rich or poor are always advised to only risk small amounts that they can afford to lose.

[Aanuoluwatofunmi]

Even if we are not earning the money we are using for gambling, we cannot still expect to continue having to risk loosing our money each time on gambling, this is not because we are seeing it as a means of making money bit we have to also consider the way of our accuracy in what we do when gambling, gambling should not be seen as a game of risk because we should be playing it when we have the required financial resource of doing so.

[madnessteat]

A rich gambler does not feel as much stress when he loses a bet as a poor gambler does. As a result the rich gambler can manage stress free gambling at any moment which is not easy for the poor. And one advantage for rich gamblers is that they don't want to get rich through gambling but most of the poor gamblers try to get rich quick. There are many poor gamblers who gamble away from their main job which is one of the reasons for their downfall. I believe that if poor people control their greed and gamble, then their gambling losses will be greatly reduced.

I think you are deeply mistaken, because a rich gambler makes bets much higher than poor, because to cause him a sense of excitement need to risk not a dollar, but a hundred or even a thousand. Therefore, the statement that the rich gambler does not experience stress during the gambling session is a misconception. Any gambler experiences stress when he has something to risk. Otherwise, the meaning of gambling is lost.

[EarnOnVictor]

~snip~
Of course, if we talk about gambling then there will be no difference between rich and poor people in terms of opportunities, it is difficult to explain it in detail, but what is certain is that everyone has their own lucky times that can lead them to victory, rich and poor people still can win, but perhaps by a different amount.

But still the problem of who will win more often between rich and poor will never be known, the reason is clear because luck is something that can never be controlled which will only come by chance without you knowing, meaning there is no element consistency in terms of achieving victory.

Simply put, whoever you are, rich or poor, you have the opportunity to win, but you also have the possibility to lose, the only difference between the two people is in terms of the amount of winnings because it is clear that rich people bet bigger amounts than other people. poor, but we must understand that rich people can also experience far greater losses than poor people.

True, and at the end of the day rich and poor both can end up with zero in their accounts.

It doesn't really matter with how much you started if your ending balance is zero.

The difference might be that the rich person might have a larger buffer and stop before it's too late though.

That is a very good standpoint, but still, when the account becomes zero, the rich will still have much more to fall back on, but that may not be so easily said of the poor, especially if the poor doesn't use his senses so well while risking. From the onset, I do not take sides in the two categories, and this is because whether poor or rich, there is always a threshold limit where what you do financially could pinch you regardless of how rich you are.

So if this threshold limit is being careless about by either of the two, there is no way they will not feel it. Now, for the poor, the threshold limit could be just $20, while it could be $100,000 for the rich. So whether you are rich or you are poor, you should gamble wisely and calculatively and never allow your status to deceive you.

What am I saying in a nutshell? Of course, the rich will always risk more by volume and the poor risk less by volume, but in the end, the proportion of their risks often forces their feelings out regardless of their status (rich or poor). It is the difference in volume that usually blinds us.