Rich or poor gambler, who should risk more?

[Bravut]

Well, you have really explained a lot about it and I think you’re right There are different class of gambling and different class of human. Yes, there is some people that is extremely rich if they scramble and lose money, it doesn’t affect them they can go to the other hand, and fix them self back Without any desk stop and some don’t even have at all after everything and they will notice they have gambled away a lot

Wealthy gamblers have many sources of income. And if even a small portion of that income is used in gambling, even if there is a loss, it does not affect a rich gambler. The rich have the opportunity to recover losses in any way they want. But on the one hand poor people have limited sources of income where it is hard to meet their monthly expenses and if they lose more money in gambling then it will be difficult to live with their family. Poor gamblers are therefore less likely to take risks. If they take risks, if it goes beyond their limits, there is instability in their life management. Of course the rich can take more risks than the poor. Despite the possibility of profit from taking risks by the poor, they behave in a restricted manner.

Well said. Yeah the rich have means of recovery than the poor gambler. And often time careless about losses that might be incurred in Gambling, my take when it comes to who should risk more is, nobody should risk more than he can afford to loss thus everyone gamble within your risk tolerance level, and not a matter of wealth.

[shasan]

Well said. Yeah the rich have means of recovery than the poor gambler. And often time careless about losses that might be incurred in Gambling, my take when it comes to who should risk more is, nobody should risk more than he can afford to loss thus everyone gamble within your risk tolerance level, and not a matter of wealth.

It is very hard to recovery the poor people while there is a good number of amount is loss as the poor people might have not a good number of money to recover the previous loses. But for rich people they can invest more people and they can earn more fund.

[Dailyscript]

Well, you have really explained a lot about it and I think you’re right There are different class of gambling and different class of human. Yes, there is some people that is extremely rich if they scramble and lose money, it doesn’t affect them they can go to the other hand, and fix them self back Without any desk stop and some don’t even have at all after everything and they will notice they have gambled away a lot

Wealthy gamblers have many sources of income. And if even a small portion of that income is used in gambling, even if there is a loss, it does not affect a rich gambler. The rich have the opportunity to recover losses in any way they want. But on the one hand poor people have limited sources of income where it is hard to meet their monthly expenses and if they lose more money in gambling then it will be difficult to live with their family. Poor gamblers are therefore less likely to take risks. If they take risks, if it goes beyond their limits, there is instability in their life management. Of course the rich can take more risks than the poor. Despite the possibility of profit from taking risks by the poor, they behave in a restricted manner.

You have made valid points here. This can be relatable to investment or anything that has to do with risk. In gambling one can easily take high risk when he knows they can get back the money any moment. Sincerely it depends on the financial strength of a gambler that one can see some things as risk. To am wealthy person, allocation 5% of his entire income into a single bet may not be seen as a huge risk same thing goes to a poor gambler. 5% of his entire income is not quite a huge risk as well. But no matter how wealthy a man is if he uses 50% of his entire money to gamble on a single bet that would definitely be considered as huge risk and vice versa.

[n0ne]

We can't be judgmental about whom to risk more in gambling. There is history stating that the rich have lost their entire earnings and lived an up-and-down life. As with that, there are poor people who have made themselves even poorer by gambling. It is not about risking money, it is all about making the right decision to get out of gambling. There are a very small percentage of people who just understand well and get into gambling. They just give it a try with a small amount that doesn't affect their lives at any point. If they find themselves lucky, they just take it and leave and invest the winnings in something else rather than gambling further with the winnings. This is the wise thing to do, but the majority of gamblers don't do it.

[nullama]

We can't be judgmental about whom to risk more in gambling. There is history stating that the rich have lost their entire earnings and lived an up-and-down life. As with that, there are poor people who have made themselves even poorer by gambling. It is not about risking money, it is all about making the right decision to get out of gambling. There are a very small percentage of people who just understand well and get into gambling. They just give it a try with a small amount that doesn't affect their lives at any point. If they find themselves lucky, they just take it and leave and invest the winnings in something else rather than gambling further with the winnings. This is the wise thing to do, but the majority of gamblers don't do it.

This is spot on.

The moment someone ends up winning gambling, they should simply quit. That's because the odds are against the gambler so in the long term they will lose all their winnings, and their initial capital as well.

The worse case scenario for the gambler is when they take loans to get their money back, as they most likely will lose it all as well.

[shasan]

This is spot on.

The moment someone ends up winning gambling, they should simply quit. That's because the odds are against the gambler so in the long term they will lose all their winnings, and their initial capital as well.

The worse case scenario for the gambler is when they take loans to get their money back, as they most likely will lose it all as well.

I had 7k (currency amount do not want to say the currency name or value) just consider it as 7k. Of them, I lost all of my fund. Then deposited 10000$. In this time I used for of my funds in the 2/3 stage and I became a winner. I want to say if there is enough funds then it is many a time possible to recover losses. Based on this way I can say that rich people can take more risk than poor people.         

[Winterfrost]

Well said. Yeah the rich have means of recovery than the poor gambler. And often time careless about losses that might be incurred in Gambling, my take when it comes to who should risk more is, nobody should risk more than he can afford to loss thus everyone gamble within your risk tolerance level, and not a matter of wealth.

It is very hard to recovery the poor people while there is a good number of amount is loss as the poor people might have not a good number of money to recover the previous loses. But for rich people they can invest more people and they can earn more fund.

The rich has nothing to bother about their loses, the amount might look very much for a poor man but it is nothing compared to a rich man. Any poor person you see gambling is doing so with the intentions of making profit and if he loses his bet then it becomes a problem which he might regret gambling with it instead he should have used it on something else that may have benefited him.

[Wakate]

We can't be judgmental about whom to risk more in gambling. There is history stating that the rich have lost their entire earnings and lived an up-and-down life. As with that, there are poor people who have made themselves even poorer by gambling. It is not about risking money, it is all about making the right decision to get out of gambling. There are a very small percentage of people who just understand well and get into gambling. They just give it a try with a small amount that doesn't affect their lives at any point. If they find themselves lucky, they just take it and leave and invest the winnings in something else rather than gambling further with the winnings. This is the wise thing to do, but the majority of gamblers don't do it.

This is spot on.

The moment someone ends up winning gambling, they should simply quit. That's because the odds are against the gambler so in the long term they will lose all their winnings, and their initial capital as well.

The worse case scenario for the gambler is when they take loans to get their money back, as they most likely will lose it all as well.

The moment we win a bet, the power to quite is no more in our hands because that would be very difficult to think of stopping. Sometimes we might even stop gambling for a while and later noticed that we have no option than to come and bet more to win another money. These things happens to us almost everytime and the urge could be very high which will keep us to gamble more with the hope that we are going to make money from betting. Once we could understand ourselves then there will be less urge to gamble urgently when we won a bet. Most gamblers do have severe losses after a big win and there is need to control it.

[GiftedMAN]

This is spot on.

The moment someone ends up winning gambling, they should simply quit. That's because the odds are against the gambler so in the long term they will lose all their winnings, and their initial capital as well.

The worse case scenario for the gambler is when they take loans to get their money back, as they most likely will lose it all as well.

I had 7k (currency amount do not want to say the currency name or value) just consider it as 7k. Of them, I lost all of my fund. Then deposited 10000$. In this time I used for of my funds in the 2/3 stage and I became a winner. I want to say if there is enough funds then it is many a time possible to recover losses. Based on this way I can say that rich people can take more risk than poor people.         

I agree with you, another example is some one gambling with his last penny and another person having much more funds to gamble with, the person with much funds will have opportunities to keep trying his luck until the luck smiles at him but for the person with last penny, he's going to keep being very careful until he lost his last penny and go home koboless. The rich has more opportunities to take risks than the poor because they will always have an extra funds to continue trying while the poor has nothing after gambling with what he has at hand.

[DaNNy001]

This is spot on.

The moment someone ends up winning gambling, they should simply quit. That's because the odds are against the gambler so in the long term they will lose all their winnings, and their initial capital as well.

The worse case scenario for the gambler is when they take loans to get their money back, as they most likely will lose it all as well.

I had 7k (currency amount do not want to say the currency name or value) just consider it as 7k. Of them, I lost all of my fund. Then deposited 10000$. In this time I used for of my funds in the 2/3 stage and I became a winner. I want to say if there is enough funds then it is many a time possible to recover losses. Based on this way I can say that rich people can take more risk than poor people.         

I agree with you, another example is some one gambling with his last penny and another person having much more funds to gamble with, the person with much funds will have opportunities to keep trying his luck until the luck smiles at him but for the person with last penny, he's going to keep being very careful until he lost his last penny and go home koboless. The rich has more opportunities to take risks than the poor because they will always have an extra funds to continue trying while the poor has nothing after gambling with what he has at hand.

Well I guess you are right but even at that you need to be extremely careful not to make such mistake of continue playing even as a rich gambler because their is some level of lose that your brain and mind would accumulate that your system actually gets fucked up because you will never be certain of what you are doing because all what will be playing on your would be confusion and emotional stress too can make you do foolish things even as a rich gambler but for the context of what you said I believe it's quite clear and understandable that rich gamblers do have an upper hand over poor gamblers.

[TopT3ns]

This is spot on.

The moment someone ends up winning gambling, they should simply quit. That's because the odds are against the gambler so in the long term they will lose all their winnings, and their initial capital as well.

The worse case scenario for the gambler is when they take loans to get their money back, as they most likely will lose it all as well.

I had 7k (currency amount do not want to say the currency name or value) just consider it as 7k. Of them, I lost all of my fund. Then deposited 10000$. In this time I used for of my funds in the 2/3 stage and I became a winner. I want to say if there is enough funds then it is many a time possible to recover losses. Based on this way I can say that rich people can take more risk than poor people.         

Rich people don't think about the money they use mate. They have a very unlimited amount of money because every day they get money easily, maybe from other businesses that can give them profits every day and have very large cash reserves. so that when they lose money today they still have money to enter again without thinking about the risks involved, because I am sure that when rich people lose their money they will learn why that happened and hopefully in the next step they will not lose money again because they have learn from mistakes that have occurred. Meanwhile, poor people have limited financial capital and lack the courage to take risks, which ultimately makes it difficult for these people to become rich.

[nullama]

~snip~
I agree with you, another example is some one gambling with his last penny and another person having much more funds to gamble with, the person with much funds will have opportunities to keep trying his luck until the luck smiles at him but for the person with last penny, he's going to keep being very careful until he lost his last penny and go home koboless. The rich has more opportunities to take risks than the poor because they will always have an extra funds to continue trying while the poor has nothing after gambling with what he has at hand.

Yeah, but the rich person can go all in, in the same way that a poor person goes all in. The amounts will be different, but both will be broke if they lose the bet.

That's pretty much it.

Yeah, the rich person can bet the same amount the poor person is making all the time, but that's not the point. The poor person could also bet less every time, and they will have money to continue, it's the same.

[Cityhunter34]

As long as gambling is concerned is not really good for the poor people's to take too much risk why because once you use the small that you have and risky in the gambling bet office you we see that it we make you feel very bad because you didn't have much money, however that's why is always adviceble for the poor people's to always gamble what they can afford to lose.

Of course the Rich people's are the ones that is supposed to take risk in gambling because even if they lose they can't feel it too much because the money is always there for them.

[l3pox]

Well, you have really explained a lot about it and I think you’re right There are different class of gambling and different class of human. Yes, there is some people that is extremely rich if they scramble and lose money, it doesn’t affect them they can go to the other hand, and fix them self back Without any desk stop and some don’t even have at all after everything and they will notice they have gambled away a lot

The thing is that rich people can end up broke in the same amount of time that a poor person.

They both have the same odds, and the rich person has the ability to spend more per gambling instance.

So, if they have the same outcomes in every step, and the rich person has, say 100x more money than the poor person in the beginning, but bets 100x every step, then they both will lose all their money at the same time.

The odds are the same for everyone.

I wouldn't say they have the same odds... at all
mobility downwards when you are closer to the top of the pyramid in terms of earning is smaller and smaller the higher you go
of course you still "could" lose it all but you'd have to be really stupid to do it.

[adpinbr]

Well to me everybody should ricks on their particular amount of income because the which does not gamble with the same value with the ball every bone has their limit we are the limit of the bus stop that is the starting point of the rich so they have different amount they set in gambling I believe that there is some certain amount the poor we gamble the bow will become broke and more poorer, meanwhile that is the money they reach just used to start to gambling and there is also some certain money in the rich we used to gamble he or she will broke and it will be like the richest broke gamble is just in mindset whatever you think can you feel like gambling you can just do it and don't try to calm down what you can afford to lose gamble as little as you can for the poor and also gamble with what you can afford  lose at all point so everyone has to be careful

[Fredomago]

As long as gambling is concerned is not really good for the poor people's to take too much risk why because once you use the small that you have and risky in the gambling bet office you we see that it we make you feel very bad because you didn't have much money, however that's why is always adviceble for the poor people's to always gamble what they can afford to lose.

Of course the Rich people's are the ones that is supposed to take risk in gambling because even if they lose they can't feel it too much because the money is always there for them.

That's their edge in terms of finances but also can be their big risk as if they become out of control they might lose everything including the main source of their finances, it's not impossible for anyone to get addicted and missmanage their finances, unlike with poor if they already lose everything they will just wait for another time when they've got some money, with rich gamblers if they become addicted they can rik everything and the result might be unacceptable since they will bring it all and possible to keep pushing and trying to recover whatever they've lost ending them up in losing everything.

[m2017]

As long as gambling is concerned is not really good for the poor people's to take too much risk why because once you use the small that you have and risky in the gambling bet office you we see that it we make you feel very bad because you didn't have much money, however that's why is always adviceble for the poor people's to always gamble what they can afford to lose.

I doubt that poor people can afford to lose anything on bets. On the verge of a shortage of financial resources, every dollar counts and it is these couple of bucks that can be in great demand at the most inopportune moment (when lost in a casino).

Of course the Rich people's are the ones that is supposed to take risk in gambling because even if they lose they can't feel it too much because the money is always there for them.

If rich gamblers allow themselves to lose too often, they will very quickly find themselves poor gamblers. The success of wealth lies in the fact that they are careful with their finances.

It seems to me that the rich have much less incentive to take risks in gambling than the poor, because they already don't lack money.

[madnessteat]

As long as gambling is concerned is not really good for the poor people's to take too much risk why because once you use the small that you have and risky in the gambling bet office you we see that it we make you feel very bad because you didn't have much money, however that's why is always adviceble for the poor people's to always gamble what they can afford to lose.

Of course the Rich people's are the ones that is supposed to take risk in gambling because even if they lose they can't feel it too much because the money is always there for them.

That's their edge in terms of finances but also can be their big risk as if they become out of control they might lose everything including the main source of their finances, it's not impossible for anyone to get addicted and missmanage their finances, unlike with poor if they already lose everything they will just wait for another time when they've got some money, with rich gamblers if they become addicted they can rik everything and the result might be unacceptable since they will bring it all and possible to keep pushing and trying to recover whatever they've lost ending them up in losing everything.

In the first place, a rich gambler as well as a poor one can also lose everything he has if his finances are not properly managed. Secondly, in order to gambling brought emotions rich gambler he needs to make large bets compared to the stakes of poor gambler. Bets rich gambler can exceed the rates of poor gambler in tens or even hundreds of times. That is why their risks are commensurate.

[teamsherry]

They isn't any way they woudl lose money all the time but just been addicted can increase that chance if them losing money all the time cause they would gamble when their emotionally unstable and that alone can increase their chances of loses, they would always chase loses and lose even more, so its bad to be addicted in general.

[nullama]

They isn't any way they woudl lose money all the time but just been addicted can increase that chance if them losing money all the time cause they would gamble when their emotionally unstable and that alone can increase their chances of loses, they would always chase loses and lose even more, so its bad to be addicted in general.

Yeah, addiction is not a nice thing and it can create a lot of problems for the person.

Gamblers all around the world continue to have fun though, so it is possible to control it. But it can be hard for some.

It is similar to alcohol, and other drugs, it can be fun once in a while, but if it gets out of control it can be very bad.