Rich or poor gambler, who should risk more?

[Fredomago]

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 think how much a person can risk in gambling depends on his income. Moreover gambling depends on luck so both rich and poor can gamble Both have a chance of winning even in gambling. But there are low and high levels of risk between these two individuals. Since the rich are financially well off, they have less risk if they gamble. Even if they lose from gambling, they will not suffer much. But the case of the poor is different. Many poor people are opting for gambling to improve their financial position and they think that they can change their fortune through this  gambling platform. Which is becoming more threatening for them.

In some cases, rich gamblers who are just playing to earn some entertainment will manage to let go the amount that they'll going to lose knowing that they can easily recover that with business or jobs that they got, unlike with how poor gamblers treats gambling they are in hope that they can double their money though same luck for both sides but the treatment and the level of risk that they are taking might be different, unless rich gamblers also fall to addiction that might lead him to that same treatment as poor gamblers did.

[Dewi Aries]

Yes and I think it is a natural feeling to be felt by everyone who experiences something undesirable such as losing money, regardless of whether from the beginning you already know and understand the risks but still the feeling of discomfort will definitely be felt, but certainly do not let there be significant emotions and regrets in the situation, because that can be the initial trigger to push you to various impulsive actions.

On the other hand, for the problem of easy or difficult to let go of something that has been lost, I think it does not really depend on a person's financial situation, but depends on the responsibility that each person has, simply even though for example you are a person who has a middle financial level or maybe quite poor but if you have good responsibility in the sense of understanding that defeat is a natural part of the game then emotions, annoyance, and regret should not occur in you.

I agree.

Someone who's got a big responsibility and then lost his bets and he's on the middle class, that's still going to tick him badly.

So, instead of betting then don't bet at all so that responsibilities won't be an hindrance to his betting or whenever the obligations are done finally that's the time that type of person is free to bet.

Yes, so the point is that there is always a response or reaction issued by someone when they experience defeat but it also depends on whether the person is a responsible gambler or not, it does not mean that a responsible gambler will not have any reaction but the annoyance or disappointment they will feel will not be too significant and different from irresponsible gamblers such as those who are addicted.

And maybe I will repeat something I have said before that the issue of responsibility does not depend on a person's financial situation but rather on whether they have a correct understanding or not of the concept of gambling, especially about winning and losing.

For me, gambling is a choice, in the sense that you are free to choose to gamble or not at all but the best thing is to try that every decision you make must be based on rational considerations.

[LUCKMCFLY]

To me using $100 to gamble is way too big to be considered as what one can risk  . Though most people sees as small amount of money but there's certain amount of $100 you may loss and think is a small amount of money, but when it will get to point you will know that the amount of money you considered small turnup to be something huge after calculating the losses

Of course, of course it is like that, when I bet in a casino I don't even risk 10usd, even if I lose 5usd it hurts a lot, but since there are so many people in the world with different degrees of economic situations, for someone 100usd is nothing, even if I raise the bet up to x10, for me it is a lot of money that if I lose it I think I would not return to the casino for about 1 year, but According to each person's situation the situation varies, that is why each person has to bet the Amount of money they are willing to lose.

[jossiel]

I agree.

Someone who's got a big responsibility and then lost his bets and he's on the middle class, that's still going to tick him badly.

So, instead of betting then don't bet at all so that responsibilities won't be an hindrance to his betting or whenever the obligations are done finally that's the time that type of person is free to bet.

Yes, so the point is that there is always a response or reaction issued by someone when they experience defeat but it also depends on whether the person is a responsible gambler or not, it does not mean that a responsible gambler will not have any reaction but the annoyance or disappointment they will feel will not be too significant and different from irresponsible gamblers such as those who are addicted.

And maybe I will repeat something I have said before that the issue of responsibility does not depend on a person's financial situation but rather on whether they have a correct understanding or not of the concept of gambling, especially about winning and losing.

For me, gambling is a choice, in the sense that you are free to choose to gamble or not at all but the best thing is to try that every decision you make must be based on rational considerations.

Right.

A responsible gambler will also feel that loss and that's why whether you have a lot of money, a responsible gambler or just casually gambles. You're going to feel it anyway.

And that's why there is no status of life that this feeling will give to every loss that we make when we bet. Risking is our decision and it won't need any validation for how well are we doing in life and our financial status is.

[Etranger]

that is why each person has to bet the Amount of money they are willing to lose.

I hear that statement so often, and at first it made sense for me, but now I have doubts about that, because I think that there is no amount if money someone is willing to lose.. Nobody want to lose money, especially in a few seconds just by losing in a casino game. The reason why people bet relatively high amount of money is not that those money is nothing for them, no.

In my opinion, they act like that because they are blinded by the possibility of a potentially huge win. In many threads I come across the idea that gambling regulars are not interested in winning x2, x5 or even x10. They are aiming for x1000 and more, and are ready to lose until they become lucky enough to catch such xxx. Based on that, making x1000 on $10 or on $100 is a huge difference. And if a gambler is aiming for a large percentage of winning, he will also risk a large deposit so that the absolute numbers of winning are worth all those unsuccessful attempts that were made before.

[Dewi Aries]

Yes, so the point is that there is always a response or reaction issued by someone when they experience defeat but it also depends on whether the person is a responsible gambler or not, it does not mean that a responsible gambler will not have any reaction but the annoyance or disappointment they will feel will not be too significant and different from irresponsible gamblers such as those who are addicted.

And maybe I will repeat something I have said before that the issue of responsibility does not depend on a person's financial situation but rather on whether they have a correct understanding or not of the concept of gambling, especially about winning and losing.

For me, gambling is a choice, in the sense that you are free to choose to gamble or not at all but the best thing is to try that every decision you make must be based on rational considerations.

Right.

A responsible gambler will also feel that loss and that's why whether you have a lot of money, a responsible gambler or just casually gambles. You're going to feel it anyway.

And that's why there is no status of life that this feeling will give to every loss that we make when we bet. Risking is our decision and it won't need any validation for how well are we doing in life and our financial status is.

Yes, it does not mean that when you become a responsible gambler as suggested by many people then you will be free from the risk of losing, not like that, because no matter how good your approach to gambling is, the risk is still a possibility that will definitely befall you and all gamblers at certain times, but one of the reasons why we are always advised to be responsible gamblers is because when we realize the risk then we will not feel too emotional or regretful when defeat occurs, and another benefit is that we are also likely to avoid various impulsive actions and decisions, because usually it is always triggered by dominant emotions. And also yes, life status such as whether you are rich or poor, the feeling of discomfort over defeat will definitely be felt but it will not be too deep when you are a responsible gambler. So whoever you are, only you know what is best for you.

[danherbias07]

Right.

A responsible gambler will also feel that loss and that's why whether you have a lot of money, a responsible gambler or just casually gambles. You're going to feel it anyway.

And that's why there is no status of life that this feeling will give to every loss that we make when we bet. Risking is our decision and it won't need any validation for how well are we doing in life and our financial status is.

Yeah, that's true. A poor man might have $10 to gamble but he will take care of it so that it won't be wasted instantly. He will try to be careful with his bets so that he can play more.
The same goes with a rich gambler. If he has a million dollars as his budget, I doubt he will bet all that. He will probably just go for $100 - $1000 per bet but he won't go as far as putting it in one shot.
Both will feel the loss if their risk goes wrong and both will get frustrated if they lose. It's not like the rich will keep their riches if they gamble a lot. That money will start to run out if he keeps that kind of betting amount.

[Oluwa-btc]

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

If gambling is worth risk taking, I think no one is exempted to gamble but with the look of things majorly depending on the looses that has overpowered the wins I think it's not best taking such risk because taking such decisions will just amount to one turning into an addicted gambler which is not suitable.

But trying to choose between the poor and the rich who should take such risks in gambling I think no one should, often times the poor gambler in search of money and livelihood will find himself gambling with the little funds he's having not minding that that risk is quite risky lol, And to be realistic the rich gambler shouldn't take such risk as well. I know that few rich gambler's I know have don't mind taking the risk provided they have the money to spend on gambling.
So no one is advisable to take such huge risk be it poor and rich cause it's always detrimental to the the person.

[Blitzboy]

Yes and I think it is a natural feeling to be felt by everyone who experiences something undesirable such as losing money, regardless of whether from the beginning you already know and understand the risks but still the feeling of discomfort will definitely be felt, but certainly do not let there be significant emotions and regrets in the situation, because that can be the initial trigger to push you to various impulsive actions.

On the other hand, for the problem of easy or difficult to let go of something that has been lost, I think it does not really depend on a person's financial situation, but depends on the responsibility that each person has, simply even though for example you are a person who has a middle financial level or maybe quite poor but if you have good responsibility in the sense of understanding that defeat is a natural part of the game then emotions, annoyance, and regret should not occur in you.

I agree.

Someone who's got a big responsibility and then lost his bets and he's on the middle class, that's still going to tick him badly.

So, instead of betting then don't bet at all so that responsibilities won't be an hindrance to his betting or whenever the obligations are done finally that's the time that type of person is free to bet.

Yes, so the point is that there is always a response or reaction issued by someone when they experience defeat but it also depends on whether the person is a responsible gambler or not, it does not mean that a responsible gambler will not have any reaction but the annoyance or disappointment they will feel will not be too significant and different from irresponsible gamblers such as those who are addicted.

And maybe I will repeat something I have said before that the issue of responsibility does not depend on a person's financial situation but rather on whether they have a correct understanding or not of the concept of gambling, especially about winning and losing.

For me, gambling is a choice, in the sense that you are free to choose to gamble or not at all but the best thing is to try that every decision you make must be based on rational considerations.

When it comes to loss, one discovers the actual character of a person. Winners? Everyone loves a winner. Still, losers? Character displays then come in handy. A smart gambler knows that losing is a feature of the game. Its about discipline not about luck. Its about learning your constraints and playing within them.

Now, some people cant handle losing. They pursue their losses, they become enraged, they start blaming others. That is terrible for their souls as much as for their pockets. A true winner understands how to gracefully fall. They grow from their errors and return more potent. We have to promote sensible gambling. Its about educating people to respect the game, not about forbading enjoyment. Its about knowing the chances and wise decisions.

[jossiel]

Right.

A responsible gambler will also feel that loss and that's why whether you have a lot of money, a responsible gambler or just casually gambles. You're going to feel it anyway.

And that's why there is no status of life that this feeling will give to every loss that we make when we bet. Risking is our decision and it won't need any validation for how well are we doing in life and our financial status is.

Yes, it does not mean that when you become a responsible gambler as suggested by many people then you will be free from the risk of losing, not like that, because no matter how good your approach to gambling is, the risk is still a possibility that will definitely befall you and all gamblers at certain times, but one of the reasons why we are always advised to be responsible gamblers is because when we realize the risk then we will not feel too emotional or regretful when defeat occurs, and another benefit is that we are also likely to avoid various impulsive actions and decisions, because usually it is always triggered by dominant emotions. And also yes, life status such as whether you are rich or poor, the feeling of discomfort over defeat will definitely be felt but it will not be too deep when you are a responsible gambler. So whoever you are, only you know what is best for you.

Being responsible means that you're aware of what you're taking, coming from the risk, the amount you're betting on, and your priorities. No one can escape the pain of losing either rich or poor but how you absorb it will have a different impact for each of them.

Yeah, that's true. A poor man might have $10 to gamble but he will take care of it so that it won't be wasted instantly. He will try to be careful with his bets so that he can play more.
The same goes with a rich gambler. If he has a million dollars as his budget, I doubt he will bet all that. He will probably just go for $100 - $1000 per bet but he won't go as far as putting it in one shot.
Both will feel the loss if their risk goes wrong and both will get frustrated if they lose. It's not like the rich will keep their riches if they gamble a lot. That money will start to run out if he keeps that kind of betting amount.

Yeah, the adjustment that both of these status will still have the same pattern on how we'd bet but the difference is about the amount and the recovery period whenever we lose.

[Kavelj22]

A rich gambler is supposed to take more risks, but the reality can be more complicated. Wealth provides a greater ability to take financial risks without impacting daily life. Therefore, a rich gambler may be more willing to risk large amounts, because he can recover losses more easily.

In contrast, a poor gambler may avoid large risks because losing a large amount of money could have serious consequences on his life. However, psychological factors such as addiction and desperation may cause a poor person to take greater risks in a desperate attempt to improve his financial situation.

no matter how rich or how poor, if one constantly exposes themselves to the risk of ruin one day the goddess of luck won't smile at him anymore...
this is how life is
it's better to be prepared for all outcomes than to count on luck each and every time.

This is true and I agree with you that risk remains risk regardless of the social and financial status of the adventurer. However, in this topic, OP was able to distinguish between the two types of personalities in general (rich and poor) and tried to show the differences in their practice of gambling activity, considering that the degree of risk cannot be the same compared to the financial status of each of them. Let us not deny that there is a big difference between them. The risks of gambling differ greatly between the rich and the poor. While the rich can risk large sums of money without significantly affecting their lives, the poor may risk everything they own, which exposes them to the risk of complete loss and significant destruction in their economic situation. Therefore, gambling is particularly dangerous for the poor, as it can lead to huge debts and extreme poverty, while the rich can bear the loss without facing major financial distress.

Yes, and this would really be the key and its really that true that in regardless on whats your financial status or standing whether rich or poor on on which in speaking about gambling risks then
everyone would really be having that kind of possibility that they could really be able to face on on which it would really be just that normal. It do really just that turned out that rich
people would be losing more but since they are financially capabled then t hey would really be able to sustain not unless if they would be keeping on coming back and made themselves loses continously,
then this is where it would really be sleeping on the streets on the time that you would be doing such action. The key on here is on how you would really be able to enjoy the game
without trying out to chase on being a winner, leisure thing is what w are trying out to achieve on here.

The most important thing I want to emphasize is that one of the worst things that can happen to a poor person is to become addicted to gambling. Even if he succeeds in making small profits, the risk remains high especially when using money that we can't afford to lose.

Gambling remains a high risky activity, especially for people who suffer a long financial pressure. When someone is poor, he is often exposed to daily financial challenge, which makes them more likely to think of gambling as a quick way to treat with his financial problems. But gambling is nothing more than a misleading path, as bets would surely lead to the loss of what is left of savings, and the person gets involved in accumulating debts, which further complicate his economic conditions.

Therefore, instead of looking for short-term solutions such as gambling, the poor should focus on improving their skills and earning money in ethical and sustainable ways. Gambling is a trap that can turn hope into despair especially with poor people.