Do you think if you have a lot of money its hard to satisfy your ego in gambling

[Gozie51]

We have threads here about people betting millions of dollars on sports battings and other games in casinos and the amount of money is insane, they can bet millions of dollars on one team and they easily forget everything and bet another millions.

If I were in that position I would not forget everything. I know, I have been yet as the richest person, but when I think at a glance, I just won't waste the money easily like the person above. Maybe I don't think like him because for me, hard to earn money today. Actually, we can't ignore the economic situation for each person, Maybe he can earn a million dollar a day, and waste it by 1 bet. And in the next day, he got 1 million dollar again and bet the same team. Of course, we don't talk about gambling where we must earn the money, but a fun hobby which can make smile even lose or win.

Of course there is difference between a addict gambler and the person who just gambler from time to time and there is also a rich influential gambler and that rich gambler who just gamble secretly and doesn't want to be known on the media about how much he gambles, all depends on the choice of how we want to gamble.

It is really a poor or average gambler that is mindful of how much percentage of his income he has to gamble but rich people who on a daily have loads of millions to their account, they don't give a damn about how much they put into gambling, to them gambling is also a business and investment because they focus on how much to aim on the bet and the stake won't really matter to them. They use capital to chase more money.

[Z390]

If many people have a lot of money I doubt they will be gambling, the reason why many people are gambling is because of the present condition that they are into, they need something that can increase their chances in time, and trying their luck through gambling is like a good alternative option for them, some part of me still gamble for money and the other part for the fun of it, I don't always want money from gambling but I am not throwing money away just for the fun of it either.

If I am so wealthy I won't think much about gambling, I have good amount of money in Bitcoin and other things, I have properties and lands I use for cocoa farming and others, mainly agriculture but I still consider myself not rich enough, some rich people are into gambling because they just like it, this isn't how they became rich, but they like taking the risk to gain some fun and excitement, but if I am in their shoe I don't think I will care about gambling.

Of all the most successful figures around the world, how many of them are into gambling? Maybe few, the reason they gamble isn't because of the money since they already have it all, but they are gaining some pleasure out of gambling, the most bored people around the world are rich people, they get bored after having it all and they look for something to excite them.

[darkangel11]

First of all, OP is asking about satisfying addiction with money. It's such a general question that it's almost impossible to answer. If I asked you if you were an alcoholic and had a lot of money, would you be able to satisfy yourself with the same amount of alcohol that you drink right now as an alcoholic, or would you drink the same amounts of better quality, or would you drink more of the same quality, or maybe more of better quality, and how much would that be?

I'm not an addict, so I can't say what I'd do in such situation. I don't have a strong ego, so again, I can't say.
I can only suspect that if I had more money I'd bet more, just like when you have a lot of money you live in a bigger house and have a more expensive car, so I'd probably not be satisfied with spending a few quid on a football match.

[Fivestar4everMVP]

People are actually different though, me personally, like I am right now, I may or can have millions of dollars, and still be a moderate gambler, moderate gambler for me means that I may not even play bet or gamble with more than $100, not even the thousands of dollars op is assuming or talking about.

As long as gambling remains a fun fair for me, I will always be a moderate gambler.
I personally believe that those who are gambling in millions of dollars are not just doing it for the fun, but are actually addicted to gambling, this alone, I believe is the only reason why someone will gamble millions of dollars away and feel nothing, and will still gamble more away the next day or so, this is not about being super rich and having too much money to waste.

[Natsuu]

Well if you have a ton of money, it doesn't guarantee responsible gambling. It's all about setting boundaries and being mindful of the risks, no matter how much you have. If you're worried about addiction, talking it out with friends, family, or a pro can make a huge difference and having a solid plan for your cash, with just a bit allocated for fun stuff like gambling, can help too. Its like we find other hobbies or interests that can keep things exciting without relying solely on gambling.

[inthelongrun]

I believe that moderate gambling means risking money we can only afford to lose. Take for instance Drake, he has an estimated net worth of $250 million, so betting a million or hundreds of thousands of dollars on several occasions is just fine. I also saw some millionaire celebrities showing their bettings on Twitter and they were in thousands of dollars like $50k. Responsible gambling is not about the amount but the percentage of what we have or the liquid assets.

My bets depends on my financial status. If I have a lot of money then I will also increase my regular bets. There's a lot of good stuff to do in life when you have money so I don't think I will have a hard time satisfying my gambling ego when I become rich.

[ethereumhunter]

Instead of losing millions in gambling, it's better for me to create a new business that I run well because, in gambling, I can't always win. I may still gamble but not in large amounts of money because I had a bad experience using a lot of money so I don't want to experience that again. Just let the rich people bet millions because they have a lot of money and can afford to bet whatever they want. We don't have a lot of money but we can still gamble even with limited capital and that's still better because we can also learn to control ourselves by not using a lot of money.

We also don't need to follow what rich people do in gambling because we are different from them. After all, we don't want to experience any problems during or after gambling, let alone experiencing gambling addiction problems. No, we don't want to experience a gambling addiction. For this reason, we must always take good care of ourselves while gambling.

[piebeyb]

Of all the most successful figures around the world, how many of them are into gambling? Maybe few, the reason they gamble isn't because of the money since they already have it all, but they are gaining some pleasure out of gambling, the most bored people around the world are rich people, they get bored after having it all and they look for something to excite them.

Yes, it's true that those who are successful and rich certainly don't gamble to get money because they probably already have a lot of money so that's not what they're looking for, but entertainment that can make them happy. Sometimes when we become rich we don't have a goal in life other than To have fun, there is nothing to chase and have to achieve because you already have it so life will feel boring.

If rich people gamble to make money I don't think it will be possible because they have money they should be able to choose to build their own casino better than being a user, after all being a dealer makes money faster than a user that's why I believe rich people will not gamble for money but just for fun as I have seen in casinos where they gamble with their business friends for fun.

[decodx]

<...>

Yeah, It's crazy to see people who are just throwing millions around on sports bets and at casinos - we call 'em high rollers.  But I doubt most of them are just randomly betting big money for no reason.  The ones who gamble professionally or semi-professionally probably know what they're doing more than us regular folk who just gamble for fun and  of course they can still lose big on some bets since nothings guaranteed, but if they've been at it awhile, I'd guess most come out ahead in the long run. 

Casinos and sportsbooks love getting those high rollers in  'cause it looks good for their image and gets people talking.  But Id bet their real profits come from tons of small-time, amateur gamblers like me and you.

Personally even if I won millions, I'd probably keep betting normal amounts.  I'd be careful about the risks and wouldn't want gambling to take over my life.

[virasog]

I do not gamble for ego and I have not figured out how gambling and ego can go together.  Are there people who just gamble to flaunt their wealth like some celebrities do? Well, when I get to the level of gambling what many target to win, I won't flaunt such wealth in social media because I treasure my privacy so much. It is actually very risky to flaunt wealth like that on social media.

Also, i do not understand what type of ego is that you started to high roll in order to satisfy yourself.  Betting and gambling with a large amount of money is not a status of an Ego but it shows that the gambler is immature and do not take into account the risk factor associated with high bets.

Being rich and being able to bet high roll, is not anything to be proud of. Yes, the thing that makes any gambler proud should be his winnings. If he is able to win big, this should not only satisfy his ego but it will be good for him and his near and dear ones. However, being profitable in gambling is something that rarely happens.

[Negotiation]

If I have this amount of money then I will never waste it by betting with all the money and should proceed considering the risks. There is no exact guarantee of winning in gambling. Once it becomes an addiction it is difficult to control yourself even if you have a lot of money it will not take long to run out every task becomes easier if it is planned according to the plan to reduce the risk. Gambling should be done as entertainment and it is better to try with small amount in the beginning and decide to invest a little outside of gambling. You have to prepare yourself and try to understand the various harmful aspects of gambling addiction.

[Johnyz]

The more money you have, the more you desire in life and this is the real scenario to many who have a lots of money to fill up their ego and you can also witness this in gambling. Though, I agree that everyone of us here have our own desire and our ego focuses more on what out minds set, but having more money I think this will be a different scenario, the way we live and the things that make us contented. Gambling can be a different scenario as well, you can become more addict and exposed if you have that kind of money.

[rhomelmabini]

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.

I think it's attainable to be on that level of gambling but to get there wouldn't be easy and I don't think you'll be satisfied on that because for sure you'll want more. I don't think betting millions when you just recently make millions is a moderate gambling, that for sure will not be the case but just your greed telling you to go on. As a human we always wanted more and we will never satisfy ourselves until we no longer have the capacity to do it.

[Solosanz]

Let's say you earn $2,000/month and you mostly gamble around $200 for every month, so it means you're gambled away 10% of your monthly salary. While an artist or influencer that put $1,000,000 on a single bet, it's not mean he gambled away all of his hard earned money from 20 years ago, you don't know how big is they make every month. There's a chance if such amount is only 1% of his monthly salary, so losing a million bet will not ruin their life.

[Oasisman]

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.

Man, I'll tell you, human is forever discontented. Even if you have millions, that thousands of dollars you will win is not going to be enough to satisfy your gambling urge. The higher the person is earning, the higher he is capable of spending and that's the main reason why a person may not be contented of what he have until he's get slapped with reality that not everyone is blessed as he is who can place a huge bet without bearing no remorse even if it means your losing.
Gambling addictions knows no limit, in fact the more you have budget for gambling, the more you're going to engage with gambling and of course the higher chances you'll get addicted.
A millionaire might not be living a comfortable life as you are. A millionaire means more responsibilities to maintain or improve his fortune. One thing you'll never want in life is when you're a millionaire and getting addicted with gambling. You will for sure end up broke in 1 to 2 years.

[Z_MBFM]

We have threads here about people betting millions of dollars on sports battings and other games in casinos and the amount of money is insane, they can bet millions of dollars on one team and they easily forget everything and bet another millions.

Billionaires don't hesitate to spend millions and enjoy life. Gambling is something where both entertainment and income are available together. there are many people who go to gambling for entertainment but winning in gambling acts as a big reward for them. Gambling addicts vow to quit gambling after repeated losses, but forget them and go back to gambling, money is not a matter for them

I doubt if we have high rollers who will admit, that having a lot of money means you cannot satisfy your ego or that your level of enjoyment is high that you will need to bet millions of dollars just to fulfill your dopamine level.

It is a natural process that people who have huge money are ready to spend high money for entertainment. Be it through gambling or any other means

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.

If you are a gambler and love to gamble and if you are a millionaire don't hesitate to spend thousands of dollars on gambling. But if you have little interest in gambling, even if you are a billionaire, you will not be interested in wasting thousands of dollars on gambling

[Saisher]

Compulsive gamblers forget the total amount of money that he has all they know is they have a lot of money to spend so they bet big and continue to bet big, the gamblers' bets depend on their assets a 6 figure guy will likely bet big, compared to 4 figured guy on his assets, people's desire and spending betting habits are magnified when their assets suddenly increase.
So it is high risk for a gambler when he is already a compulsive gambler and he hit big he will likely increase his bets until he eventually loses all his winnings its a vicious cycle for a gambler.

[Taskford]

Of all the most successful figures around the world, how many of them are into gambling? Maybe few, the reason they gamble isn't because of the money since they already have it all, but they are gaining some pleasure out of gambling, the most bored people around the world are rich people, they get bored after having it all and they look for something to excite them.

Yes, it's true that those who are successful and rich certainly don't gamble to get money because they probably already have a lot of money so that's not what they're looking for, but entertainment that can make them happy. Sometimes when we become rich we don't have a goal in life other than To have fun, there is nothing to chase and have to achieve because you already have it so life will feel boring.

If rich people gamble to make money I don't think it will be possible because they have money they should be able to choose to build their own casino better than being a user, after all being a dealer makes money faster than a user that's why I believe rich people will not gamble for money but just for fun as I have seen in casinos where they gamble with their business friends for fun.

They became rich for nothing so provably they are more careful dealing with their money rather than those people which have enough money to spend and target a huge gain on casino. See a lot of this on any casino I go so this situation will not matter for only rich guy since anyone is prone for this especially if they think that they have money to spend or still have enough savings to use. The only difference there is rich people can still gamble even if they lose.

 But those people who earn enough is like that's all they got and maybe they will save up some amount they earn for few days and spend their money save to gamble then try their luck again if they could hit a big win that can change their life on those casinos.

[Kakmakr]

Most of the high rollers run out of money.... and you can see that from the big tippers in the Stake.com chat that stopped tipping. You should just stop gambling when you realize that you cannot stop gambling any more.... and too many people realize that too late.

These high rollers get a huge boost of dopamine when they bet huge amounts, but they eventually run out of money.... because they do not have a income to sustain that kind of gambling.  

[Wakate]

Most of the high rollers run out of money.... and you can see that from the big tippers in the Stake.com chat that stopped tipping. You should just stop gambling when you realize that you cannot stop gambling any more.... and too many people realize that too late.

These high rollers get a huge boost of dopamine when they bet huge amounts, but they eventually run out of money.... because they do not have a income to sustain that kind of gambling.  

No matter the amount of money we have, we should always learn how to control our emotions from doing things that will make people look at us like someone that has ego. If we can be disciplined and do thing ethically, we might not have issues with anyone although there will be people that will not like us just like some persons see Elon Musk from different angles. If we can be doing the right things and use part of our funds to help the needy, that would increase our fans and make the world to see us like generous kind of species. No matter how we spend our money, we should not use it to tarnish people's image.