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Author Topic: Rich or poor gambler, who should risk more?  (Read 5013 times)
ethereumhunter
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May 17, 2024, 08:06:38 AM
 #761

Yes inevitable truth the spending of every gambler is tide down to the purpose of gambling apart from that the Rich gamble most with greater amount because there gambling is change like that of the poor gambler. They spend more because they believe if wining occur for money they will have greater thing to take home but the poor may desire to gamble huge but the pocket can't permit because they calculate all aspect base on what they can afford.
Who spends more in gambling is based on personality. The poor might spend more in some cases, but the rich can also spend more. At the end of the day, both of them might be sharing a common goal (a large amount of winning), just like the famous celebrity that's known for gambling and staking large sums in gambling and end up losing it in some games. That amount is what an average person can't consider risking.
Both rich and poor gambling can do the same, especially when they don't have a good self control. We see or it already happens to us whereas we playing gambling and spends more money that we can afford to lose but we can't win some money. Our reason for playing gambling changes into have a will to gets wins but the situation and condition is not helps us to wins the gambling games. Rich gamblers can spends much money but that doesn't guarantee them to wins much money and vice versa with poor gamblers. When that comes to gambling, many people can't holds themselves from the temptation in gambling and makes them gets deeper in gambling while they don't realizes that can gives many loses. They will realizes when there's no money left in their balance and will regrets that but everything is happens and they can't gets their money back easily.

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May 17, 2024, 08:58:35 PM
 #762

I think it's a matter of confidence and stability than who should risk more, normally we would favour the rich cause he has more than the poor but some poor or average persons even risk more than the rich, so I think confidence has a role to play to determine how much we are willing to stake in a game.

sometimes it's a matter of insanity too... if a person is nuts, regardless of their total bankroll they'll do crazy things with their money
since crazy things happens sometimes there'll be a case with one person betting all they had and 10x overnight... not the healthiest situation but for sure it is thrilling...

what do you think?

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May 18, 2024, 09:35:54 AM
 #763

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?

You have just answered the question yourself, someone who is rich will take much risk reason because he has enough already and if you check those rich people don't care whether they loss money or not, it doesn't really affect them that much and rich people don't play much game what they do is select 2 or 3 games that will give them 2-4 odds and heavy stake it and that is why they win more than poor people. Morever, if not for something poor people aren't suppose to be playing gamble because any money they loss will really affect them, imagine you have a wife and children and your responsibility is to take care of them and you are being paid 30k a month and you always use 500 naira to gamble almost everyday before one week you will be spending like 3-4k out of 30k that will really affect you and the family imagine now that every is very costly.
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May 18, 2024, 02:31:58 PM
 #764

Yes inevitable truth the spending of every gambler is tide down to the purpose of gambling apart from that the Rich gamble most with greater amount because there gambling is change like that of the poor gambler. They spend more because they believe if wining occur for money they will have greater thing to take home but the poor may desire to gamble huge but the pocket can't permit because they calculate all aspect base on what they can afford.
Who spends more in gambling is based on personality. The poor might spend more in some cases, but the rich can also spend more. At the end of the day, both of them might be sharing a common goal (a large amount of winning), just like the famous celebrity that's known for gambling and staking large sums in gambling and end up losing it in some games. That amount is what an average person can't consider risking.
Both rich and poor gambling can do the same, especially when they don't have a good self control. We see or it already happens to us whereas we playing gambling and spends more money that we can afford to lose but we can't win some money. Our reason for playing gambling changes into have a will to gets wins but the situation and condition is not helps us to wins the gambling games. Rich gamblers can spends much money but that doesn't guarantee them to wins much money and vice versa with poor gamblers. When that comes to gambling, many people can't holds themselves from the temptation in gambling and makes them gets deeper in gambling while they don't realizes that can gives many loses. They will realizes when there's no money left in their balance and will regrets that but everything is happens and they can't gets their money back easily.
If you dont have self-control, it will chew you up and spit you out whether you're making a lot of money or just getting by. Trust me, I've seen it for myself. It doesnt matter how much money you have; the odds are against you from the start. Its true that the house always wins.

I get it; the thrill of the game and the chance to make money quickly are appealing. But thats where the smart people and the not-so-smart people split. People who are smart know the trick and know that they will lose in the long run, so they leave. They know that the best way to win is to keep their hard-earned cash and not risk it on a roll of the dice.

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May 18, 2024, 02:54:22 PM
 #765

Both gambles, I see some rich people who still gamble beyond what they should, despite still having a lot of funds leftbif they lose, they feel not too bad or get into a bad financial crisis unlike a poor man who tries to keep his winning streaks because he sees it as part of an opportunity to earn profit. A rich whose balance is worth about $100m and decides to gamble with $100k and eventually lost, that is just a percentage of his money he feels no impact compared to the poor man who sees it as a huge money and might not dare to gamble if he had such money to stake.
Of course, people who gamble are not only poor people, rich people also gamble, it's just economic limitations that make poor people feel more at a disadvantage than rich people who have bigger finances than poor people, so even though rich people gamble even with the amount they think Poor people are quite a large amount, in fact for rich people it is not a big amount of money for them and even losing that money is not a big problem.
Poor people risk their money in the hope of changing their fate but in reality their fate gets worse if they are irresponsible in gambling and risking the finances they have.

Rich gamblers undergo similar troubles with the low income players. Gambling as a high roller have its downside. What will happen to a rich man with the amount you mentioned above chasing losses? The whole money will almost get exhausted in space of few months. Gambling risk to me is a way of gambling for money without observing the basic rules for gambling responsibly. However, to us, the rich player appears to have backup and safer than the low income player in such matters. As the low roller easily runs short of money faster than the rich player. Limitations plays a vital role in gambling, and when a player doesn't abide by the rule of limiting his gambling session he'd get an excessive gambling habit, terrible enough to diminish his wealth with no warning.

It doesn't matter how much the player owns or possesses. In other words, rich players also prefer wagering big, the player can wager the 100k at once, then deposit more. Imagine losing that amount up to a million before the day runs out. Wouldn't it be enough reason for the player to try again, as he can't forget all that amount. And the tricky aspect of gambling for high rollers is that they think a single game would recover all they've lost. So they tend to wager more, increasing their risk of getting compulsive. When that happens, it doesn't matter whether the player wins or not. He'd wager it anyways.

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May 18, 2024, 04:08:37 PM
Last edit: May 18, 2024, 10:20:54 PM by bitLeap
 #766

Both rich and poor gambling can do the same, especially when they don't have a good self control. We see or it already happens to us whereas we playing gambling and spends more money that we can afford to lose but we can't win some money. Our reason for playing gambling changes into have a will to gets wins but the situation and condition is not helps us to wins the gambling games. Rich gamblers can spends much money but that doesn't guarantee them to wins much money and vice versa with poor gamblers. When that comes to gambling, many people can't holds themselves from the temptation in gambling and makes them gets deeper in gambling while they don't realizes that can gives many loses. They will realizes when there's no money left in their balance and will regrets that but everything is happens and they can't gets their money back easily.
In gambling, rich and poor both have the choice to take risks, they cannot differentiate between each other, neither the probability nor the risk to control it. The essence of gambling is no longer rich or poor, maybe both can bet different amounts, win differently, and can bet again at different moments, but who should take the bigger risk? Even poor gamblers actually know that when they take a big risk, there is only one chance to get out, namely to win because if they lose then they will lose everything. Meanwhile, those who are rich have 2 chances, if they lose they can bet again and if they win they can increase their bet.

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May 18, 2024, 05:29:44 PM
 #767

I think it's a matter of confidence and stability than who should risk more, normally we would favour the rich cause he has more than the poor but some poor or average persons even risk more than the rich, so I think confidence has a role to play to determine how much we are willing to stake in a game.

sometimes it's a matter of insanity too... if a person is nuts, regardless of their total bankroll they'll do crazy things with their money
since crazy things happens sometimes there'll be a case with one person betting all they had and 10x overnight... not the healthiest situation but for sure it is thrilling...

what do you think?

True, there are other factors that can make a person go overboard when it comes to treating their gambling activities, and for this matter it does not depend on whatever their financial situation is in life, or in other words, rich or poor can fall into this crazy category, which means that they will most likely gamble and make decisions blindly or spend everything they have in one go.

What this means is that gambling is about who you are, no matter if you are rich or poor, and the point is that if you engage in gambling by bringing the wrong way or approach then that is what will lead to the potential for many disasters, simply put the rich can become a bum and the poor may become crazy, and I think this idea is enough to tell us that if we talk about gambling then it really depends on how the person treats his gambling, or simply put your decision will determine your fate in gambling as in terms of the impact you will experience regardless of rich or poor.

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May 19, 2024, 04:17:48 PM
 #768

I think it's a matter of confidence and stability than who should risk more, normally we would favour the rich cause he has more than the poor but some poor or average persons even risk more than the rich, so I think confidence has a role to play to determine how much we are willing to stake in a game.

sometimes it's a matter of insanity too... if a person is nuts, regardless of their total bankroll they'll do crazy things with their money
since crazy things happens sometimes there'll be a case with one person betting all they had and 10x overnight... not the healthiest situation but for sure it is thrilling...

what do you think?

True, there are other factors that can make a person go overboard when it comes to treating their gambling activities, and for this matter it does not depend on whatever their financial situation is in life, or in other words, rich or poor can fall into this crazy category, which means that they will most likely gamble and make decisions blindly or spend everything they have in one go.

What this means is that gambling is about who you are, no matter if you are rich or poor, and the point is that if you engage in gambling by bringing the wrong way or approach then that is what will lead to the potential for many disasters, simply put the rich can become a bum and the poor may become crazy, and I think this idea is enough to tell us that if we talk about gambling then it really depends on how the person treats his gambling, or simply put your decision will determine your fate in gambling as in terms of the impact you will experience regardless of rich or poor.

From a social point of view I understand you and you are absolutely right, but if we look at the economic and capabilities sense, the rich player has many privileges over the poor player. First, the player can spend a large amount of money and still quality of life will not deteriorate or leave you stressed because maybe you spent money you shouldn't have. If the player who is poor, takes a bigger risk and loses it, his life gets out of control , so the mere fact that The person who is the rich player has money, that means that his life remains the same and with all its comforts, the player who is poor will always be limited and if he exceeds and incurs irresponsible expenses , he must access other mechanisms so that his life Don't sink into an abyss.


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May 20, 2024, 04:55:30 PM
 #769

I think it's a matter of confidence and stability than who should risk more, normally we would favour the rich cause he has more than the poor but some poor or average persons even risk more than the rich, so I think confidence has a role to play to determine how much we are willing to stake in a game.

sometimes it's a matter of insanity too... if a person is nuts, regardless of their total bankroll they'll do crazy things with their money
since crazy things happens sometimes there'll be a case with one person betting all they had and 10x overnight... not the healthiest situation but for sure it is thrilling...

what do you think?

True, there are other factors that can make a person go overboard when it comes to treating their gambling activities, and for this matter it does not depend on whatever their financial situation is in life, or in other words, rich or poor can fall into this crazy category, which means that they will most likely gamble and make decisions blindly or spend everything they have in one go.

What this means is that gambling is about who you are, no matter if you are rich or poor, and the point is that if you engage in gambling by bringing the wrong way or approach then that is what will lead to the potential for many disasters, simply put the rich can become a bum and the poor may become crazy, and I think this idea is enough to tell us that if we talk about gambling then it really depends on how the person treats his gambling, or simply put your decision will determine your fate in gambling as in terms of the impact you will experience regardless of rich or poor.

one thing to consider is that sometimes people gamble to feel something
so maybe it's not aobut finances but about emotions
totally different problem and totally different way to approach and analyze it.
does it make any sense?

.
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May 20, 2024, 05:20:11 PM
 #770

I think it is very simple to say that all gamblers should not or are prohibited from taking risks that exceed their abilities regardless of whether they are rich or poor, because however rich or poor still have the same chances in terms of winning or losing, or that means rich and poor gamblers also have the opportunity to win but also have the possibility to lose.

Casinos never see or never care about a person's financial condition in life, the point is that if they are involved in gambling then they will have two possibilities at the end of the session which is between winning or losing, and also the amount of budget that is bet can in no way be used as a guarantee of victory at the end of the session which means that no matter how much risk you take there will always be a possibility for you to lose at the end of the session if you are unlucky. So the bottom line is that all gamblers are always advised to only take small risks or risks that they can afford at the end of the session especially when they lose regardless of being rich or poor.

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May 20, 2024, 05:29:00 PM
 #771

~snip~
I agree with you. This issue is so broad that can cause a huge number of opinions. In my opinion, each gambler himself determines his own risks and plays gambling considering this. Exceed their risks can absolutely any gambler, regardless of how much money in his account. Therefore, to compare the risks of a rich gambler and poor is not quite right. Yes, and lose money hurt both.

In my experience, the rich person will simply not gamble their money.

The poor person will try to put their money into this thing and see if they win anything, basically buying hope.

The reality is that the poor get poorer and the rich get richer because the rich don't gamble.
I disagree with you that rich people don't gamble or are you saying that gambling is for only poor people. If it is so how do casino make their money. The poor has nothing to offer the casino with their little amount, it is the rich and high rollers that every casino is wishing to have as their customers.

Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.

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May 20, 2024, 05:31:13 PM
 #772

I think it is very simple to say that all gamblers should not or are prohibited from taking risks that exceed their abilities regardless of whether they are rich or poor, because however rich or poor still have the same chances in terms of winning or losing, or that means rich and poor gamblers also have the opportunity to win but also have the possibility to lose.

Casinos never see or never care about a person's financial condition in life, the point is that if they are involved in gambling then they will have two possibilities at the end of the session which is between winning or losing, and also the amount of budget that is bet can in no way be used as a guarantee of victory at the end of the session which means that no matter how much risk you take there will always be a possibility for you to lose at the end of the session if you are unlucky. So the bottom line is that all gamblers are always advised to only take small risks or risks that they can afford at the end of the session especially when they lose regardless of being rich or poor.

Admittedly, unlike the general society, gambling has no special treatment for the rich. Everyone possess same chances of winning or losses. Nothing like who makes the most risk. The risks players take doesn't make any changes in improving their winning opportunities. To bring the argument down to the ordinary level, gamblers only need to wager what they have. If a rich gambler decides to wager huge amount of money, it must be what wouldn't affect his finance on the long run.

Aside money talks, which brought about the rich and the poor, gamblers have same tendency of behaving similarly according to their gambling category. A rich compulsive player will behave just as the low income compulsive player. I think the comparison should be focused on the financial status of the players. Rather on the behavior of gamblers.

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May 20, 2024, 05:53:02 PM
 #773

one thing to consider is that sometimes people gamble to feel something
so maybe it's not aobut finances but about emotions
totally different problem and totally different way to approach and analyze it.
does it make any sense?

The fun you mean, I'm not sure if gamblers like been emotional with gambling because of the finances it requires and for the finances, everyone does it just few still find a way to gamble for the fun and in some cases when a gambler just decide to gamble with a dollar amount of casino repeatedly or stake insignificant amount of money that wouldn't affect him but you see that amount of money? I think everyone does it.

Have you consider people that can bet thousands of dollars, I mean an amount that is bigger than what they earn in a week from paycheck into gambling, are we going to call that as fun? It's not, it's an act of high risk gambling to make money.

Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.

Gambling don't know if you are wealthy or not. Tbe addiction can make a wealthy person to a broke man. In the early 2000s Mike Tyson won a lot of money from his career, was one of the most paid sport man then but how did he end? Broke until after some years later he got feature in movies and made some business, no he will soon be feature in another fight by June next month and we all know that fight is a fixed match, nothing special about it.

R


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May 20, 2024, 06:23:11 PM
 #774

~snip~
I agree with you. This issue is so broad that can cause a huge number of opinions. In my opinion, each gambler himself determines his own risks and plays gambling considering this. Exceed their risks can absolutely any gambler, regardless of how much money in his account. Therefore, to compare the risks of a rich gambler and poor is not quite right. Yes, and lose money hurt both.

In my experience, the rich person will simply not gamble their money.

The poor person will try to put their money into this thing and see if they win anything, basically buying hope.

The reality is that the poor get poorer and the rich get richer because the rich don't gamble.
I disagree with you that rich people don't gamble or are you saying that gambling is for only poor people. If it is so how do casino make their money. The poor has nothing to offer the casino with their little amount, it is the rich and high rollers that every casino is wishing to have as their customers.

Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.

You made a great point, Mate. What every gambler needs is self-control without this, every gambler is prone to not only losses which is inevitable but also addiction, financial issues and emotional imbalances. I wonder how some of us think that only the poor are addicted and are fucking losers.

I keep saying that, the only difference between a rich gambler and poor gambler is the amount put in stake, not necessarily how they gamble. The rich can become poor while the poor becomes poorer, stop being bais instead make a clear judgement.

Both rich or poor, gamble same game the casino doesn't care, it individual base.

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May 20, 2024, 06:58:23 PM
 #775

You made a great point, Mate. What every gambler needs is self-control without this, every gambler is prone to not only losses which is inevitable but also addiction, financial issues and emotional imbalances. I wonder how some of us think that only the poor are addicted and are fucking losers.

I keep saying that, the only difference between a rich gambler and poor gambler is the amount put in stake, not necessarily how they gamble. The rich can become poor while the poor becomes poorer, stop being bais instead make a clear judgement.

Both rich or poor, gamble same game the casino doesn't care, it individual base.
In gambling, there is no difference in gambling addiction, whether rich or poor, many are involved in gambling due to addiction that cannot control themselves.

The rich will be more free to gamble and bet more.
The poor will force gambling hoping to change their fate.

That is the wrong mindset but we are free to do what we want if self-control is exercised sometimes there are people gambling just for fun with $20 is enough.

There are also those who do not feel satisfied so they continue to add more bankrolls until their savings run out, maybe we can see this case often occurs.

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May 21, 2024, 12:34:22 PM
 #776

~snip~
I disagree with you that rich people don't gamble or are you saying that gambling is for only poor people. If it is so how do casino make their money. The poor has nothing to offer the casino with their little amount, it is the rich and high rollers that every casino is wishing to have as their customers.

Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.

Gambling is for everyone of course. The casinos want the entire world to be gambling with them.

But, usually, it is the poorer who would end up gambling more times than the rich people.

You are mentioning famous people, who might not be rich in the long term. Many rich people stopped being rich because they were gambling too much.

But also many rich people know that you cannot get rich gambling, so they don't

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May 21, 2024, 03:21:48 PM
 #777

I think it is very simple to say that all gamblers should not or are prohibited from taking risks that exceed their abilities regardless of whether they are rich or poor, because however rich or poor still have the same chances in terms of winning or losing, or that means rich and poor gamblers also have the opportunity to win but also have the possibility to lose.

Casinos never see or never care about a person's financial condition in life, the point is that if they are involved in gambling then they will have two possibilities at the end of the session which is between winning or losing, and also the amount of budget that is bet can in no way be used as a guarantee of victory at the end of the session which means that no matter how much risk you take there will always be a possibility for you to lose at the end of the session if you are unlucky. So the bottom line is that all gamblers are always advised to only take small risks or risks that they can afford at the end of the session especially when they lose regardless of being rich or poor.

Admittedly, unlike the general society, gambling has no special treatment for the rich. Everyone possess same chances of winning or losses. Nothing like who makes the most risk. The risks players take doesn't make any changes in improving their winning opportunities. To bring the argument down to the ordinary level, gamblers only need to wager what they have. If a rich gambler decides to wager huge amount of money, it must be what wouldn't affect his finance on the long run.

Aside money talks, which brought about the rich and the poor, gamblers have same tendency of behaving similarly according to their gambling category. A rich compulsive player will behave just as the low income compulsive player. I think the comparison should be focused on the financial status of the players. Rather on the behavior of gamblers.

Of course, and the point is that the amount of the budget can in no way change the possibility of anything in gambling, or that means it can never be used as a guarantee to increase the chances of winning, because in my opinion for the problem of winning chances there are only two things, the first may be strategy if you are involved in sports betting and the second is luck which in gambling luck is the most important because usually only luck can really bring someone to a real victory. And obviously, the amount of the budget does not affect the chances of winning at all but will only increase the amount of loss when you lose or are unlucky.

It is a fact that anyone can end up with a lot of downfalls in gambling, and I agree with what you said that compulsive rich  gamblers will certainly be the same as compulsive poor gamblers in terms of treating their gambling activities but maybe the difference is only in terms of the number of wins and losses because of course the amount of budget that the rich have is greater than the poor.

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May 21, 2024, 07:40:27 PM
 #778

~snip~
I disagree with you that rich people don't gamble or are you saying that gambling is for only poor people. If it is so how do casino make their money. The poor has nothing to offer the casino with their little amount, it is the rich and high rollers that every casino is wishing to have as their customers.

Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.

Gambling is for everyone of course. The casinos want the entire world to be gambling with them.

But, usually, it is the poorer who would end up gambling more times than the rich people.

You are mentioning famous people, who might not be rich in the long term. Many rich people stopped being rich because they were gambling too much.

But also many rich people know that you cannot get rich gambling, so they don't

Do you gamble Mate?, if you do then you become wealthy than you currently are now, will you still gamble?. If you clearly understand my question and answer with all sincerity, then I will know wether you will gamble same way you do now or more to qualify that the rich stop having fun or seek money in gambling.

Another day to watch points without proof that only the poor gamble more than the Rich, alright let me agree with you for a second,can we compare the amount staked, NO. So who pays more to the casinos?.

It laughable, all are equal in the casino both poor and the rich contributes. If the rich are satisfied then let them stay away from the casino. Let stop this comparison, both parties are open to same risk.

Self discipline and moderation everything else comes in.

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May 21, 2024, 09:03:23 PM
 #779

one thing to consider is that sometimes people gamble to feel something
so maybe it's not aobut finances but about emotions
totally different problem and totally different way to approach and analyze it.
does it make any sense?

The fun you mean, I'm not sure if gamblers like been emotional with gambling because of the finances it requires and for the finances, everyone does it just few still find a way to gamble for the fun and in some cases when a gambler just decide to gamble with a dollar amount of casino repeatedly or stake insignificant amount of money that wouldn't affect him but you see that amount of money? I think everyone does it.

Have you consider people that can bet thousands of dollars, I mean an amount that is bigger than what they earn in a week from paycheck into gambling, are we going to call that as fun? It's not, it's an act of high risk gambling to make money.

Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.

Gambling don't know if you are wealthy or not. Tbe addiction can make a wealthy person to a broke man. In the early 2000s Mike Tyson won a lot of money from his career, was one of the most paid sport man then but how did he end? Broke until after some years later he got feature in movies and made some business, no he will soon be feature in another fight by June next month and we all know that fight is a fixed match, nothing special about it.

I agree that addiction can make a rich person go broke but regarding your first affirmation, the KYCed websites could screen participants if they want... not sure if this is the best solution anyway

Have you heard about Dostoevsky too?
great author, amazing books, had a gambling problem, when he got his advancement to write "the idiot" he lost it all in the casino and had to find a way to get money to finish the book, which is a really good one btw...

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May 22, 2024, 12:55:02 AM
 #780

Gambling is for everyone of course. The casinos want the entire world to be gambling with them.

But, usually, it is the poorer who would end up gambling more times than the rich people.

The poor people want to become rich and they think they can get their quickly by gambling but they end up losing more money than they thought they will be winning, many people are getting frustrated daily because they are not succeeding at gambling and they cannot stop gambling instead they are trying to win back their losses. Gambling has an addiction effect and those that get addicted find it very hard to stop gambling in spite of all the negative feedback that they are getting from gambling like losing their money and self respect. I think the poor people are those that are gambling more and spending more money in gambling and this is why they are still very poor. The rich people  are also gambling but since they do not depend on gambling for making money, they are not always gambling.

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