Rich or poor gambler, who should risk more?

[Ruttoshi]

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.

Well, as players, we must see things in the Positive sense of the word, and in order to not regret what you say, that even if we lose , it is not nice to lose , but in order not to see it that way, we must see the casino, the cards games as a service, where we give money , what we are Willing to give for our own entertainmen , and there is the Possibility that this money can be multiplied. If you see it that way, I think it is possible to do things better.

Of course, seeing the casino as a place to entertain ourselves and our bets as payment made will help a lot because you will not be more focused on making profit and you will accept the outcome of your bet without wrong thoughts. Luck in gambling cannot be invoked because it not of our own power and that is why one cannot win most times but once in a while.

The profit in gambling is what changes one mindset from seeing gambling as a service, rather they see it as a place to make a fortune and that is why most gamblers cannot stop playing when they are winning or losing because they want to make profit by all means.

[madnessteat]

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.

For each of us money has a different value. Someone spends $200-300 a month working from morning till night for the needs of his family, and someone is ready to pay his mistress ten times more for spending time with her.

The same applies to spending on gambling. If I lose $200, I will be upset for a while. But I am sure there are some gamblers who can lose $10000 and not be upset about it. It all depends on how a person gets the money.

[Dewi Aries]

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.

For each of us money has a different value. Someone spends $200-300 a month working from morning till night for the needs of his family, and someone is ready to pay his mistress ten times more for spending time with her.

The same applies to spending on gambling. If I lose $200, I will be upset for a while. But I am sure there are some gamblers who can lose $10000 and not be upset about it. It all depends on how a person gets the money.

Right, and that reminds me of the difference in perspective on money between rich and poor people, risk management like self-acceptance regarding the amount of money lost is quite dependent on whether they get it quite easily or very hard like for example poor people who have to sacrifice a month to get $100 from something they have worked for while rich people only spend a day or maybe a few hours to get it.

But on the other hand I would say that don't think or assume that other people have lost a lot more money than you, because as you said money has a different value for each person, meaning make sure that you only risk an amount of money that is not beyond your ability to lose.

[Septex]

Both the rich and the poor can suffer financially when it comes to gambling. It is not initially right to differentiate between rich and poor here. In fact, the main thing depends on the amount of his money. Now if a rich person has 2 crore rupees or 2 crore rupees in wealth now if he gambles 1 crore rupees then either his wealth will double or he will lose half of his wealth out of his entire wealth. Moreover, if a poor person who has only one lakh rupees spends his entire money on gambling, his money will be doubled or he will lose his entire wealth. So the key here is exactly what percentage or fraction of your wealth you are spending on gambling. Now if you want you can spend a very small amount like two to five percent of your total money in prayer every week. But if more amount is done then it will slowly start decreasing instead of increasing your wealth in most cases. The key here is that brothers rich and poor must balance their wealth otherwise there is a possibility of loss in both cases.