Rich or poor gambler, who should risk more?

[erep]

A person who puts $400k on a gambling site has a larger deposit and is financially stronger. Everyone invests according to their financial status for their entertainment.  Because the more financially strong his needs, the better his standard of living, so gambling is risky for everyone.  For this, everyone should make gambling deposits and gambling in such an amount that the loss does not cause them any major damage.

Any millionaire doesn't put up a 400k balance in gambling because gambling can trigger someone to go all-in on one bet they have predicted chances of winning the jackpot, I don't think any millionaire would do anything crazy just to lose money easily because they will not be able to earn $400k/day even though they have a global company, I have seen some international artists never risk too high funds in UFC betting because they realize there are no accurate predictions in gambling.

The principle of millionaires is to use money for business rather than gambling unless they invest in gambling stocks, they also limit their financial use to gambling with the lowest allocation of funds.

[bettercrypto]

The risk of losing money is high in gambling. The rich can afford to lose money as they won't get poor by gambling in just one day. The poor can get poorer and eventually try illegal activities to gamble again. I don't think gambling is good for someone who has less money to survive in this world.

According to OP's theory both rich and poor are the same and they both can become poor through gambling. Whereas in the real world, a rich would have multiple earning sources and he would gamble for entertainment. A poor would have a single earning source and he would gamble to become rich. They both are different socially and there is no comparison between them.

At the point where the rich and the poor are the same, being rich is probably at the level of being rich; the rich will get richer, then the poor, who suddenly won gambling, will become rich.
So, they still have different levels of how they became rich. It's just the same instrument with which gambling has become a tool for them to make a lot of money.

But the one who gambles the most is the rich, not the poor gambler, but the poor gambler who bets on gambling is more economical, unless the poor gambler bets heavily.

[adpinbr]

Yes, this is very simple. Everyone should know their limit, yes, both the rich and the poor should not watch they can be able to afford and gambling. If you are rich, you should know the kind of amount that is suitable for you to gamble, which is not a problem if you lose it. Yes I will advise it’s may be five or less than 5% of your income, the same thing to the poor, I am not advising anyone to leave gambling. Yes you are adult of course gambling can make you rich can give you more money. Yes I will only advise you not to be an addict, Just know your limits know what you can spend. Don’t just spend everything just because you’re gambling not even the rich and the poor nobody should do that, Once you set your limit know what to do and try not to be an addicted gambler that is where the problem starts because when you are an addicted gambler, you can gamble with anything that comes into your hand  and the rich can fall drastically and becomes within a blink of an eye then they can be more poorer and get hungry,That is why everyone should know their limits.

[irhact]

However, both poor and rich players take risks. The thing is that not everyone understands that this needs to be controlled and very carefully. The main problem is that beginners do not understand what risk is at all, they only see visual pictures that shimmer in different colors to distract them from seriousness and concentration. And it’s no secret that many come just for relaxation, fun music and bright pictures with the dollar logo. I think that the rich can also take risks, and even big ones, but so that in general it does not affect their rich life and they can meet their expenses.

A rich individual that's gambling should take more risk than a poor individual that's also gambling as they both have different financial conditions. A poor gambler shouldn't be taking a risk like a rich gambler or he'll go broke before he realize it. The capital we use to gamble should be based on how much we can risk losing and won't be bothered about the loses. When gambling you'll lose at times therefore if you use money that you can't let go it'll disturb you when you lose it.

A poor gambler will think that if he stake more he'll increase his chances to win but forgets that he's also increasing his chances to lose money, gambling is a game of chance therefore we shouldn't have full hopes that'll win when gambling but having a positive attitude will help your confidence still don't be stupid to think that only confidence can make you to win, so don't risk more than you can afford to lose.

[Lucasgabd]

If someone has a 400K balance to gamble in a casino, he is definitely a millionaire. Because this is not the only time they gamble with a 400K balance. Most of the time, you will see that they start their session with a big balance. These are 100% fake balances that the casino provides. Just think about it yourself, and you will find the answer. If someone has millions of dollars in his account and can gamble that much money, why do they have to stream it online to make money? Does it make sense? The same thing applies to crypto signal sellers. If they can predict the market, why don't they trade for themself instead of selling the signals?

If someone has 400k$ on gambling site or more then that doesn't mean that s/he will not be gambling. Gambling is something like addiction so the user may try to gambling for addiction or may try to make more money.

A person who puts $400k on a gambling site has a larger deposit and is financially stronger. Everyone invests according to their financial status for their entertainment.  Because the more financially strong his needs, the better his standard of living, so gambling is risky for everyone.  For this, everyone should make gambling deposits and gambling in such an amount that the loss does not cause them any major damage.

or they could be a junkie addicted who made their money scamming or in ransoms and decided it was time to make it big
deposited and will end up losing it all in 3 months

really hard to tell without knowing more details about the person.
there are many different styles of casinos too... some end up approaching the stock market or crypto market as a casino too

[Franctoshi]

Gambling is always safer if you are rich or have money a sustainable source of income to back you up when you lose money, than when you are a poor gambler, you definitely will end up going broke because you don't have what will sustain you after you have lost money, So, it is advisable that every gambler should risk according to his or her income, So you don't go broke on the cause of looking for money.

[Jaycoinz]

Yes, this is very simple. Everyone should know their limit, yes, both the rich and the poor should not watch they can be able to afford and gambling. If you are rich, you should know the kind of amount that is suitable for you to gamble, which is not a problem if you lose it. Yes I will advise it’s may be five or less than 5% of your income, the same thing to the poor, I am not advising anyone to leave gambling. Yes you are adult of course gambling can make you rich can give you more money. Yes I will only advise you not to be an addict, Just know your limits know what you can spend. Don’t just spend everything just because you’re gambling not even the rich and the poor nobody should do that, Once you set your limit know what to do and try not to be an addicted gambler that is where the problem starts because when you are an addicted gambler, you can gamble with anything that comes into your hand  and the rich can fall drastically and becomes within a blink of an eye then they can be more poorer and get hungry,That is why everyone should know their limits.

That's very correct because you are rich doesn't mean you can't go broke, I mean addiction is definitely a thing not to toil with because so many rich gamblers have testify on how gambling or should I say their ill habit nearly made them broke because gambling never actually does anything to anyone if you know the rules and measure behind it because you failing to follow these principle will just easily make you end up getting yourself do crazy shit that you would definitely regret.

[Lucasgabd]

Gambling is always safer if you are rich or have money a sustainable source of income to back you up when you lose money, than when you are a poor gambler, you definitely will end up going broke because you don't have what will sustain you after you have lost money, So, it is advisable that every gambler should risk according to his or her income, So you don't go broke on the cause of looking for money.

that's is true
in reality most of things that give you money feels better if you don't need the money
somehow I think this is related to being dettached from the outcome
and happy with whatever happens in your life.

[rachael9385]

Yes, this is very simple. Everyone should know their limit, yes, both the rich and the poor should not watch they can be able to afford and gambling. If you are rich, you should know the kind of amount that is suitable for you to gamble, which is not a problem if you lose it. Yes I will advise it’s may be five or less than 5% of your income, the same thing to the poor, I am not advising anyone to leave gambling. Yes you are adult of course gambling can make you rich can give you more money. Yes I will only advise you not to be an addict, Just know your limits know what you can spend. Don’t just spend everything just because you’re gambling not even the rich and the poor nobody should do that, Once you set your limit know what to do and try not to be an addicted gambler that is where the problem starts because when you are an addicted gambler, you can gamble with anything that comes into your hand  and the rich can fall drastically and becomes within a blink of an eye then they can be more poorer and get hungry,That is why everyone should know their limits.

That's very correct because you are rich doesn't mean you can't go broke, I mean addiction is definitely a thing not to toil with because so many rich gamblers have testify on how gambling or should I say their ill habit nearly made them broke because gambling never actually does anything to anyone if you know the rules and measure behind it because you failing to follow these principle will just easily make you end up getting yourself do crazy shit that you would definitely regret.

  One thing for sure is that even if a rich guy tells you that he's broke doesn't mean he's totally broke, he might have some fiat on his bank account and you know, as a reasonable person that has money (rich) you must have some spending limits.
   When I talk about spending limits I mean when your balance shows you 1 or 2 million in your currency, you shouldn't spend again because you be totally broke.
   Although, it really depends on the kind of person you are, and the kind of level you are also, when you have 50 millions upfront you should make your spending limits to 10 millions before you say you are broke.
   You must not gamble all your funds before you know that you are broke, if incase you eventually spend all your money on bets, you might not recover back your funds, so it's better you don't spend much money and time on gamble.
  

[hedgeh0g]

However, both poor and rich players take risks. The thing is that not everyone understands that this needs to be controlled and very carefully. The main problem is that beginners do not understand what risk is at all, they only see visual pictures that shimmer in different colors to distract them from seriousness and concentration. And it’s no secret that many come just for relaxation, fun music and bright pictures with the dollar logo. I think that the rich can also take risks, and even big ones, but so that in general it does not affect their rich life and they can meet their expenses.

A rich individual that's gambling should take more risk than a poor individual that's also gambling as they both have different financial conditions. A poor gambler shouldn't be taking a risk like a rich gambler or he'll go broke before he realize it. The capital we use to gamble should be based on how much we can risk losing and won't be bothered about the loses. When gambling you'll lose at times therefore if you use money that you can't let go it'll disturb you when you lose it.

A poor gambler will think that if he stake more he'll increase his chances to win but forgets that he's also increasing his chances to lose money, gambling is a game of chance therefore we shouldn't have full hopes that'll win when gambling but having a positive attitude will help your confidence still don't be stupid to think that only confidence can make you to win, so don't risk more than you can afford to lose.

If a rich person bets everything, then if he loses, he will still have various things left that he can start selling so that he has enough for food and to cover his basic needs. If a poor person loses, he will not be able to find money for food if he does not go to work right away. This thought can stop him immediately, but the rich man does not.

Also, if a rich person is morally strong, then with his rich person mindset, he will be able to repeat his success and become rich again. Because he thinks differently, he knows the concept of cash flow and everything like that. The most important thing is that if he can return to his rich state, then the main thing is not to lose it again, and this is possible because the temptation will always live in us.

[Dewi Aries]

The risk of losing money is high in gambling. The rich can afford to lose money as they won't get poor by gambling in just one day. The poor can get poorer and eventually try illegal activities to gamble again. I don't think gambling is good for someone who has less money to survive in this world.

According to OP's theory both rich and poor are the same and they both can become poor through gambling. Whereas in the real world, a rich would have multiple earning sources and he would gamble for entertainment. A poor would have a single earning source and he would gamble to become rich. They both are different socially and there is no comparison between them.

At the point where the rich and the poor are the same, being rich is probably at the level of being rich; the rich will get richer, then the poor, who suddenly won gambling, will become rich.
So, they still have different levels of how they became rich. It's just the same instrument with which gambling has become a tool for them to make a lot of money.

But the one who gambles the most is the rich, not the poor gambler, but the poor gambler who bets on gambling is more economical, unless the poor gambler bets heavily.

Honestly, I don't know which way you are going with this idea, but what I can understand is that you are inferring that anyone whether they are rich or poor can get large sums of money to change the finances in their lives for the better as the poor can become rich in an instant when they manage to get a win or jackpot while on the other hand it is a fact that gambling is not a place or an alternative to making money. I understand that anyone can get a win that may even be very large in gambling but what you have to understand is that there is absolutely no element of consistency in terms of generating winnings which means that it will only happen occasionally and by chance and obviously something that does not have an element of consistency in terms of generating it cannot be used as a place to earn because there is no guarantee and certainty for you to continue to earn.

It is a fact that the results of gambling are temporary because in most cases some people who manage to win big they experience excessive attraction or that means big wins make them have high expectations which in the end it is difficult to really keep the money and even more aggressive in treating gambling which in the end defeat solves everything, or that means gambling again drains all the money.

On the other hand, in my opinion, those who are more or more often involved in gambling are poor people because they usually carry the aim of earning based on the idea that they think gambling can change their financial situation for the better, while rich people mostly use gambling as a place of entertainment when they have boring empty time, one of the reasons is because rich people are already in a good financial situation because they already have the right way to make money so that they can become rich people.

[Smartvirus]

You wouldn’t find a poor gambler risking what they don’t have or should I say, a risk gambler doesn’t have any business with risking so much. It’s a no! The rules to the game still remains, risking what you can afford to loss. When you find yourself risking more than you can afford to loss, your already breaking rules and there are consequences to this. You might get lucky a few times but, majority of times, you would be hurt.

Rich gamblers could go at the game just as they like or want because, they’ve got a well enough resources for it. A poor man, you’ve got no place there. You don’t have and in your bid to have, you don’t risk what would be difficult to recover from. You’ve got accumulator options to play around with, using low stakes. That is available, though it’s an increased risk given the fact that, you’re betting on several games but, it’s not very consequential on your stake.

[Pi-network314159]

The rich gambler should be in a good position to risk than the poor. Because the poor are always afraid of risking. While the rich take alot of risk. And they have more money to risk than the poor so the rich has more privilege. I could remember a friend of mine who has money, he always gamble with huge fund and makes alot of money with just few odd. Thou he loses at times but I believe he makes more profit than loses. Thats why I said the rich should be in a right position to risk the more than the poor.

[leonair]

If someone has a 400K balance to gamble in a casino, he is definitely a millionaire. Because this is not the only time they gamble with a 400K balance. Most of the time, you will see that they start their session with a big balance. These are 100% fake balances that the casino provides. Just think about it yourself, and you will find the answer. If someone has millions of dollars in his account and can gamble that much money, why do they have to stream it online to make money? Does it make sense? The same thing applies to crypto signal sellers. If they can predict the market, why don't they trade for themself instead of selling the signals?

If someone has 400k$ on gambling site or more then that doesn't mean that s/he will not be gambling. Gambling is something like addiction so the user may try to gambling for addiction or may try to make more money.

A person who puts $400k on a gambling site has a larger deposit and is financially stronger. Everyone invests according to their financial status for their entertainment.  Because the more financially strong his needs, the better his standard of living, so gambling is risky for everyone.  For this, everyone should make gambling deposits and gambling in such an amount that the loss does not cause them any major damage.

or they could be a junkie addicted who made their money scamming or in ransoms and decided it was time to make it big
deposited and will end up losing it all in 3 months

really hard to tell without knowing more details about the person.
there are many different styles of casinos too... some end up approaching the stock market or crypto market as a casino too

No matter a gambler is rich or poor but if someone keep higher number of bet which they are not afford to loss then it will be very high risk for them but who make bet such a amount which amount they always afford to loss then this will not any problem and not a high risk for anyone In this case, the risk will be equal in the case of the rich and the poor gamblers. risk depend on each gamblers betting amount and there financial status

[Google+]

Gambling an activity for fun also has the chance to turn someone's fortune. Calculated risk when taken in gambling can be the way to big wins from gambling. Who do you think should take more risk in gambling? The rich gambler or the gambler who is not yet rich. If a rich gambler takes risks in gambling, they are risking losing money and becoming poor from gambling, or getting richer, when a gambler who is not yet rich gambles, they can also get poorer or richer, so the gambler who should take the risk should be the gambler who can handle the dangers of the risk like losing too. When a rich gambler loses from taking a risk, there is a better chance of them being in a position to manage with the losses, than someone struggling financially who a big loss will really affect. So, I am confused after asking myself this question and answering it, does this mean a poor gambler should continue to play it safe in gambling? With no risk, how can a poor gambler change their fortune in gambling?

I think in gambling there is no view of rich or poor, because I think both have the same same risk, let's say the poor man has a fortune of $ 1000 and he continues to gamble in his life so that eventually bankruptcy falls on him, so does a rich person who has $ 10,000 assets and he also gambles in his life but just like the poor he also has losses and bankruptcy,  Don't both also have the same risk, but the difference may only be that bankruptcy is assessed.

In gambling, of course, poor and rich make no difference except only from the value of the bets they use, while winning and losing, of course, their odds are the same, poor gamblers bet with a small value because of poverty, as well as someone who is rich, of course, will bet with a large value but the risk remains the same, namely bankruptcy.
I personally am a passive gambler but honestly did not hope gambling to bring changes in my life, because anyway still until now I have not found someone who can get rich just by relying on gambling.

[Fredomago]

Gambling is always safer if you are rich or have money a sustainable source of income to back you up when you lose money, than when you are a poor gambler, you definitely will end up going broke because you don't have what will sustain you after you have lost money, So, it is advisable that every gambler should risk according to his or her income, So you don't go broke on the cause of looking for money.

In the side where gambling treated as source of entertainment, rich people do have an advantage same with your statement, those rich gambler have sustainable source where they can just let the money go if they lose from their gambling session, while those who are poor, they can't let the money go that easy as they don't have supplies of money where they needed to work harder to replace that amount, it's an advantage for rich gamblers to have a good source of making money and continue to have that enjoyment when they need to kill some time or if they need to have social gatherings that caters their gambling sessions.

The rich gambler should be in a good position to risk than the poor. Because the poor are always afraid of risking. While the rich take alot of risk. And they have more money to risk than the poor so the rich has more privilege. I could remember a friend of mine who has money, he always gamble with huge fund and makes alot of money with just few odd. Thou he loses at times but I believe he makes more profit than loses. Thats why I said the rich should be in a right position to risk the more than the poor.

And same with my opinion above, rich gambler has this kind of mentality knowing that they've got a good source to replinish the money in case they've lost from their bets, they know that they've got other source of funds, a money making business or investment that can cover whatever the losses that they've experienced when playing their favorite gambling games, unlike with the poor they know that if they lose they don't have any sources that's why the level of risk is something that they need to re-assess, though depending with the level of addiction as we know that addicted gambler don't mind anything.

[ndutndut]

At the point where the rich and the poor are the same, being rich is probably at the level of being rich; the rich will get richer, then the poor, who suddenly won gambling, will become rich.
So, they still have different levels of how they became rich. It's just the same instrument with which gambling has become a tool for them to make a lot of money.

But in reality, it is rare for people to get rich from gambling, rich people who gamble will not become poor if they know their limits and poor people will not become rich unless they are lucky and that is very rare. So for me, playing gambling is not to get rich for both the poor and rich because gambling is only for entertainment, not making gambling a source of income.

But the one who gambles the most is the rich, not the poor gambler, but the poor gambler who bets on gambling is more economical, unless the poor gambler bets heavily.

In fact, many poor people get caught up in gambling because they think gambling is the only way to get rich. In my country, several survey institutions have proven that many poor people are trapped in online gambling and even become addicted.

For me, what differentiates rich people from poor people in gambling is just a matter of capital and not being stressed if they lose. Rich people when gambling are never afraid of the capital they spend, but poor people gamble with the hope of winning big so it is not uncommon for them to be willing to commit crimes just to get capital to gamble again.

[summonerrk]

The rich gambler should be in a good position to risk than the poor. Because the poor are always afraid of risking. While the rich take alot of risk. And they have more money to risk than the poor so the rich has more privilege. I could remember a friend of mine who has money, he always gamble with huge fund and makes alot of money with just few odd. Thou he loses at times but I believe he makes more profit than loses. Thats why I said the rich should be in a right position to risk the more than the poor.

Yeah, it like a styles of game in poker. Fro the pokerist with a big bank it's easy to win.

Poor people are often afraid to take risks in gambling because they don't have extra money to play. They are afraid of losing their last pennies and being left penniless. But the rich, they don't worry so much, because they have spare money in case they lose. They can afford to play for large sums and not be afraid to go into the red. Therefore, the rich are more likely to take risks in gambling, because they have the opportunity to recover their losses.

[pinggoki]

The rich gambler should be in a good position to risk than the poor. Because the poor are always afraid of risking. While the rich take alot of risk. And they have more money to risk than the poor so the rich has more privilege. I could remember a friend of mine who has money, he always gamble with huge fund and makes alot of money with just few odd. Thou he loses at times but I believe he makes more profit than loses. Thats why I said the rich should be in a right position to risk the more than the poor.

Definitely, that's the only answer to this question, rich people have far more money at their disposal that they won't mind spending it on gambling and the money that they're going to spend on that isn't going to be a lot of money compared to their net worth and at the same time, the money that they're spending on gambling in a day is probably 3 months worth of salary for a poor gambler so yes, they're the only one that's worth their salt risking money in gambling and they've got bigger pay offs when gambling compared to a poor gambler since the poor gambler would want to maximize the time that they're playing so they bet smaller thus netting only a small win unlike with a rich gambler that can risk more money but when they hit the win, they're going to make the money back that they've risked previously.

[Gallar]

Re: Rich or poor gambler, who should risk more?

In my personal opinion, when someone enters the world of gambling, they must be prepared for all the risks that may occur. Therefore, in the world of gambling, where the possibility of winning is large, the possibility of losing will definitely be very large too. Besides, in this context, rich or poor, it's the same ( have to dare to take the same risks). Because when someone enters the world of gambling, like it or not, they have to be ready to take risks. Whether it's for rich people or poor people. Because if a gambler is not ready to take risks, in my opinion that person does not deserve to be called a gambler. Therefore, when playing gambling, we have to be prepared for what is called defeat. Because if you are not ready to lose, when experience defeat, quite a few gamblers will blame many parties. It's like blaming the site where gamble, or if gamble offline will definitely feel cheated by gambling opponents at that place.

Therefore, as you said at the beginning, gambling is done for fun. So it doesn't matter if you lose, because the main goal is just to have fun. However, when you win at gambling, it is a prize or bonus that you can enjoy. In simple terms, that's what the world of gambling is like. So in conclusion, rich or poor, in the realm of gambling you must be ready and brave to take all risks. And regarding big or small risks, I think it's the same. Because for a poor person who gambles with capital of 100 dollars, the poor person certainly thinks the risk he has to take is big. Because 100 dollars to that person feels very big. And that's what rich people will definitely feel, of course it won't be much different. The difference is only in nominal terms.