Rich or poor gambler, who should risk more?

[danherbias07]

Everyone has their own point of view on the value of money, such as the viewpoint of the rich and the poor on money which for the rich may be the amount of $100 is meaningless but for the poor it is very valuable, but if we talk about gambling then obviously this has nothing to do with rich or poor because it all depends on each person's point of view on the value of money which means that rich or poor they have to take a level of risk that suits their financial situation, or it means putting a budget amount that they can afford to be responsible for if they lose in the end, so of course there is no idea who should take a bigger risk between the rich or the poor, because after all it is best to take the risk that suits your ability.

I agree with this. We cannot just compare the level of risk that both take because there are rich people who are also protective of their money, they don't like spending too much and so they get richer in the process. And there are rich people who don't like gambling because it's a waste of money and time especially those who are focused on their businesses.
The poor on the other hand may also have the same idea. Those who work hard trying to be rich won't be urged to gamble that easily because their focus is to accumulate more money through hard work and not the rushed way where the risk is too high.

I guess it depends on the habits of each individual and not their status in life. A poor could gamble just because he wants to while the rich can too because he has more access to money. I think I can only say that the rich can gamble more composed because of their deep pockets while the poor will be stressed out easily with just a 1-10 losing streak because they badly need to win a round to keep on playing.

[1714920379]

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[Zigabel]

Being poor and gambling is just not a good combination. I've seen rags to riches stories where someone from a poor family wins a lottery game and entirely change their lives, but I'm not even sure I'd believe it. It wouldn't make sense if you have barely enough to put food on the table and then risk going hungry for a whimsical chance of winning by chance. The problem I'm seeing here is that it's more prevalent in poor people because of desperation. Easy money seems natural for rich people as they know what it's like not to go hungry and have more than enough, hence, gambling isn't the same all or nothing for them. This can't be said for poor people.

This is one of the best taughts I've come across on this thread, i mean rhis best explains why you shouldn't see an opportunity in gambling as a very poor person let alone thinking of risking more or as much as the rich does because the chances are almost not there it's only very unusual cases thst people actually goes from rags to riches buy rhen it's always a one out a hundred which shows how unlikely the chances are, worse of it would be if you loose your money gambling and it's your last Cash you still het to go hungry the rest of the day and it doesn't make any sense at all because you even get less motivated at this point about life because frustration could actually see in knowing you have got nothing left.

As a poor guy or person generally gambling isn't a good option buy if you have got enough such thst you would not be affected enough then you can try risking a few dollars buy make sure not to empty your wallet gambling as such is never a good option to explore.

[nullama]

~snip~
       -    or in another example, a running race, in order for you to win and get the trophy and be called the champion, you must first defeat or outrun your opponents who will also be running in the field.

and it's not easy to do that because you have to run faster than them and to do that you have to go through training... this is the risk you have to face.

A race is not comparable at all with a gambling game.

In a race you only need to be faster than the other competitors. You might even be lucky and win because the others fell.

For example, Australian speed skater Steven Bradbury won the Olympic gold in the 2002 Winter Games by simply not falling because he was the last one, far away from all the other skaters who fell:



Whereas in a gambling game, your outcome is always defined by luck. It doesn't matter if everyone else in the casino lost their money, that's independent of your game.

[nara1892]

Everyone has their own point of view on the value of money, such as the viewpoint of the rich and the poor on money which for the rich may be the amount of $100 is meaningless but for the poor it is very valuable, but if we talk about gambling then obviously this has nothing to do with rich or poor because it all depends on each person's point of view on the value of money which means that rich or poor they have to take a level of risk that suits their financial situation, or it means putting a budget amount that they can afford to be responsible for if they lose in the end, so of course there is no idea who should take a bigger risk between the rich or the poor, because after all it is best to take the risk that suits your ability.

I agree with this. We cannot just compare the level of risk that both take because there are rich people who are also protective of their money, they don't like spending too much and so they get richer in the process. And there are rich people who don't like gambling because it's a waste of money and time especially those who are focused on their businesses.
The poor on the other hand may also have the same idea. Those who work hard trying to be rich won't be urged to gamble that easily because their focus is to accumulate more money through hard work and not the rushed way where the risk is too high.

I guess it depends on the habits of each individual and not their status in life. A poor could gamble just because he wants to while the rich can too because he has more access to money. I think I can only say that the rich can gamble more composed because of their deep pockets while the poor will be stressed out easily with just a 1-10 losing streak because they badly need to win a round to keep on playing.

Yes because it is not something that can be compared, as I said above that everyone has their own point of view on the value of money, which in general may be like what I said above that $100 is an amount that does not mean much to a rich person but for a poor person it may be an amount that can extend his life for the next few weeks, on the other hand yes I agree with you that usually rich people have a different point of view towards money where they prioritize developing rather than squandering money, and in any case they will usually only spend money on something that does have great potential to be profitable such as doing business, and this is one of the reasons that in my opinion rich people gamble with the aim of just relieving stress in the middle of their empty time and not to generate because logically they already have a recipe or formula to generate wealth.

Rich people prioritize a rational mindset in terms of responding to anything they find, such as gambling which is nothing more than an "uncertain" activity that has no guarantee of any results. I understand that yes there may be poor people who have a good mindset that is based on rational considerations but sometimes there are poor people who are unable to think rationally where they try to use gambling as an opportunity to get a lot of money to get rich, this is what is worried about, but in the end as I said that risk taking in gambling does not depend on a person's background of rich or poor which means they are only allowed or advised to take a level of risk that suits their financial situation.

[Mr.suevie]

Being poor and gambling is just not a good combination. I've seen rags to riches stories where someone from a poor family wins a lottery game and entirely change their lives, but I'm not even sure I'd believe it. It wouldn't make sense if you have barely enough to put food on the table and then risk going hungry for a whimsical chance of winning by chance. The problem I'm seeing here is that it's more prevalent in poor people because of desperation. Easy money seems natural for rich people as they know what it's like not to go hungry and have more than enough, hence, gambling isn't the same all or nothing for them. This can't be said for poor people.

This is one of the best taughts I've come across on this thread, i mean rhis best explains why you shouldn't see an opportunity in gambling as a very poor person let alone thinking of risking more or as much as the rich does because the chances are almost not there it's only very unusual cases thst people actually goes from rags to riches buy rhen it's always a one out a hundred which shows how unlikely the chances are, worse of it would be if you loose your money gambling and it's your last Cash you still het to go hungry the rest of the day and it doesn't make any sense at all because you even get less motivated at this point about life because frustration could actually see in knowing you have got nothing left.

As a poor guy or person generally gambling isn't a good option buy if you have got enough such thst you would not be affected enough then you can try risking a few dollars buy make sure not to empty your wallet gambling as such is never a good option to explore.

With this thought, I think it's safe to say that gambling isn't really meant for the poor guys because gambling isn't something that is certain so to risk the little you have knowing fully well that the odds and chances are totally against you isn't really a wise chose and something to do but you know one funny thing about this context of gambling and the poor,  they ought to always tell themselves about someone huge wins and they feel that they too can replicate it.

[Onyeeze]

Being poor and gambling is just not a good combination. I've seen rags to riches stories where someone from a poor family wins a lottery game and entirely change their lives, but I'm not even sure I'd believe it. It wouldn't make sense if you have barely enough to put food on the table and then risk going hungry for a whimsical chance of winning by chance. The problem I'm seeing here is that it's more prevalent in poor people because of desperation. Easy money seems natural for rich people as they know what it's like not to go hungry and have more than enough, hence, gambling isn't the same all or nothing for them. This can't be said for poor people.

This is one of the best taughts I've come across on this thread, i mean rhis best explains why you shouldn't see an opportunity in gambling as a very poor person let alone thinking of risking more or as much as the rich does because the chances are almost not there it's only very unusual cases thst people actually goes from rags to riches buy rhen it's always a one out a hundred which shows how unlikely the chances are, worse of it would be if you loose your money gambling and it's your last Cash you still het to go hungry the rest of the day and it doesn't make any sense at all because you even get less motivated at this point about life because frustration could actually see in knowing you have got nothing left.

As a poor guy or person generally gambling isn't a good option buy if you have got enough such thst you would not be affected enough then you can try risking a few dollars buy make sure not to empty your wallet gambling as such is never a good option to explore.

With this thought, I think it's safe to say that gambling isn't really meant for the poor guys because gambling isn't something that is certain so to risk the little you have knowing fully well that the odds and chances are totally against you isn't really a wise chose and something to do but you know one funny thing about this context of gambling and the poor,  they ought to always tell themselves about someone huge wins and they feel that they too can replicate it.

Gambling is meant for someone who have money and someone who can free it money whenever it losses in gambling and people does not know or understand the main objective of gambling and the way it works, someone who is a gambler and you are average person or person who receives payment you can minimise or calculate what you spend in gambling, a poor man is not supposed be gambling as if is a hobby, people who gamble everyday and eveytime, gambling should be a something that you are supposed  learn the way of gambling not something that we are suppose to put everything we have

[Accardo]

With this thought, I think it's safe to say that gambling isn't really meant for the poor guys because gambling isn't something that is certain so to risk the little you have knowing fully well that the odds and chances are totally against you isn't really a wise chose and something to do but you know one funny thing about this context of gambling and the poor,  they ought to always tell themselves about someone huge wins and they feel that they too can replicate it.

Gambling is meant for someone who have money and someone who can free it money whenever it losses in gambling and people does not know or understand the main objective of gambling and the way it works, someone who is a gambler and you are average person or person who receives payment you can minimise or calculate what you spend in gambling, a poor man is not supposed be gambling as if is a hobby, people who gamble everyday and eveytime, gambling should be a something that you are supposed  learn the way of gambling not something that we are suppose to put everything we have

It's valid to say that gambling doesn't have a specific price range required for players to wager money. Players can wager with a few cents and enjoy the game. Greed is a factor that should discussed when looking into taking risks while gambling. Gamblers who despite their little income are high rollers will run short of money easily. Unlike the rich gamblers who have enough funds to fall back on, low rollers who out of greed turned to high rollers, have nothing to hold on to, except applying for loans. The high rollers in the rich class also tend to lose enough money, and some of them go into debt as well, but the process tends to get easier for them compared to low-income earners.

Hence, it's brilliant that both the rich and broke players adjust their risk thoughts while gambling. Because it's quite very degenerating to the gambler's wealth. And if care isn't taken the gambler will end up regretting the whole process of risking lots of money while gambling. In a nutshell, gamblers regardless of their wealth level, are both in trouble when risking more in gambling. Gambling addiction does not pity both parties, avoiding it is better than playing smart.

[hedgeh0g]

It's valid to say that gambling doesn't have a specific price range required for players to wager money. Players can wager with a few cents and enjoy the game. Greed is a factor that should discussed when looking into taking risks while gambling. Gamblers who despite their little income are high rollers will run short of money easily. Unlike the rich gamblers who have enough funds to fall back on, low rollers who out of greed turned to high rollers, have nothing to hold on to, except applying for loans. The high rollers in the rich class also tend to lose enough money, and some of them go into debt as well, but the process tends to get easier for them compared to low-income earners.

Hence, it's brilliant that both the rich and broke players adjust their risk thoughts while gambling. Because it's quite very degenerating to the gambler's wealth. And if care isn't taken the gambler will end up regretting the whole process of risking lots of money while gambling. In a nutshell, gamblers regardless of their wealth level, are both in trouble when risking more in gambling. Gambling addiction does not pity both parties, avoiding it is better than playing smart.

It is interesting that some gambling games, such as poker, where the player's professionalism plays a vital role, allow poor but strong players to climb up the social ladder. At the same time, rich players lose part of their rich fortune, and a redistribution of wealth occurs. I would call it a tool in capable hands. In any case, I think this doesn’t happen often, but I like the fact of such stories. In poker, in addition to professional play, you need to have a steely moral state, but this is difficult for the poor, because they have never seen such huge money and the desire to spend it is great, but this cannot be done if the poor player wants to continue to grow in limits and beat the rich.

But if we take it in general, as you correctly noted, risk is the most important thing for the poor and the rich, and if someone starts not to notice it, then their losses will hit them very hard, including in their wallet.

[macson]

snip

Life is full of risks, but the key is to differentiate between risk and reward.

For example, many people cross the street every day because the risk of dying is low and the reward of getting where you want is high.

In casinos the perceived reward sometimes might be higher than reality, and the perceived risk might be seen as way lower than what it really is.

That's part of the casinos business, to make it look better than what it is.

Gambling will always be risky for both the poor and rich so to better manage the risks of gambling, it is important to set clear limits on the budget you want to spend and understand that gambling should be considered as entertainment rather than a source of income. Additionally, it is important to have self-awareness and knowledge of odds and statistics in casino games to make more informed and effective decisions.  In life, risks and benefits are always present and need to be considered carefully in every decision taken. Managing risk wisely is the key to achieving goals without facing undesirable consequences in every decision.

[Iroh]

I believe that the poor player should always risk less, because if he loses 1 month of salary he will most likely not have a financial reserve to compensate for this loss and consequently he will have to ask for a loan or stop paying a bill to continue "living" in the next month.

The rich individual is the one who can afford to risk more and still have a sizable amount to fall back to. That cannot happen with someone not earning little or nothing at all.
The individual earning less when gambling responsibly, would obviously nothing or risk very little if he must. Not entirely the same case with the individual earning good money and can afford to risk quite a bit and not go broke if the risk undertaken do turn out favorable.

If you don’t have the means to risk more, you just won’t be able to.

[Antotena]

With this thought, I think it's safe to say that gambling isn't really meant for the poor guys because gambling isn't something that is certain so to risk the little you have knowing fully well that the odds and chances are totally against you isn't really a wise chose and something to do but you know one funny thing about this context of gambling and the poor,  they ought to always tell themselves about someone huge wins and they feel that they too can replicate it.

How can you say gambling is not for the poor. I think when a poor person is addicted to gambling, then there is going to be a problem because I don't understand someone who don't have what to eat want to gamble. A person who is poor and is addicted to gambling will only have one thought and the thought will always be to win a big amount of money that is big enough to change his life and with such mentality, it will be so difficult for such person to win money. I still believe that whether a person is poor or rich, we can gamble in our convinience without affecting our financial status or go above our means because of gambling.

[Ever-young]

The poor shouldn't gamble in the first place, they should accumulate as much as possible to build their wealth. If they're keep gamble, that's the reason why they're still poor. Remember, gamble using free bet or faucet isn't gambling since you're risking for nothing.

So it's the rich that should risk more, they have larger money, means they can gamble mores.

I agree, it would be better for those who are rich and have money to take risks because there is also a possibility that they will earn back the money they will lose, unlike the poor, when the money they used is lost, that is a big loss and problem for them, where they will get something to trade with the money they lost.
it's better to those poor people to focus on working and saving instead of adding vices that won't help their lives.

It's even more dangerous for a rich man to be addicted than a poor man.  This is because a rich man stands to lose more than a poor man. A rich man who has gambling addiction if not handled sooner or later can result into losing all his wealth to gambling in just a twinkle of an eye and instantly go broke, but for a poor man, a poor man barely have so much to lose, let's assume a poor man has just $500 and he choses to  go all in with that $500 and then when he eventually loses that 500. It'll be easier for him to raise that $500 with time and he can recover from the shock easier but when a rich Mann loses everything to gambling. It's likely to result to suicide or something even more worse.

[Shamm]

With this thought, I think it's safe to say that gambling isn't really meant for the poor guys because gambling isn't something that is certain so to risk the little you have knowing fully well that the odds and chances are totally against you isn't really a wise chose and something to do but you know one funny thing about this context of gambling and the poor,  they ought to always tell themselves about someone huge wins and they feel that they too can replicate it.

How can you say gambling is not for the poor. I think when a poor person is addicted to gambling, then there is going to be a problem because I don't understand someone who don't have what to eat want to gamble. A person who is poor and is addicted to gambling will only have one thought and the thought will always be to win a big amount of money that is big enough to change his life and with such mentality, it will be so difficult for such person to win money. I still believe that whether a person is poor or rich, we can gamble in our convinience without affecting our financial status or go above our means because of gambling.

Some area in the world there are many gamblers that poor and rich. Like in my country I saw many poor people want to gamble because of the false mindset.  They aim that they will earn a lot of money in gambling and even they are poor they will make a way to gamble without knowing that through gambling they are pit themselves into a very poor they will risk some of their money but didn't think what are the outcome. And if loss them some of them don't have food to eat.

[Fredomago]

With this thought, I think it's safe to say that gambling isn't really meant for the poor guys because gambling isn't something that is certain so to risk the little you have knowing fully well that the odds and chances are totally against you isn't really a wise chose and something to do but you know one funny thing about this context of gambling and the poor,  they ought to always tell themselves about someone huge wins and they feel that they too can replicate it.

How can you say gambling is not for the poor. I think when a poor person is addicted to gambling, then there is going to be a problem because I don't understand someone who don't have what to eat want to gamble. A person who is poor and is addicted to gambling will only have one thought and the thought will always be to win a big amount of money that is big enough to change his life and with such mentality, it will be so difficult for such person to win money. I still believe that whether a person is poor or rich, we can gamble in our convinience without affecting our financial status or go above our means because of gambling.

Some area in the world there are many gamblers that poor and rich. Like in my country I saw many poor people want to gamble because of the false mindset.  They aim that they will earn a lot of money in gambling and even they are poor they will make a way to gamble without knowing that through gambling they are pit themselves into a very poor they will risk some of their money but didn't think what are the outcome. And if loss them some of them don't have food to eat.

That's a sad reality, with poor gamblers they are willing to submit themselves to a situation like this, since they are betting their only money once they've loss their bets they will suffer not to eat and worse they also bring their love ones on this same situation, leaving them not to bring food for their families.

Unlike with those who have some extra money, rich people who can afford to take a big risk and even they've loss they still have money to feed themselves and their families.

[Lucasgabd]

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?

this question is tricky because we are talking about gambling so  i believe both are risking.

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.

i am not rich gambler but in the chatroom and even in some gambling groups that i was in? we are all
risking and losing together so i think we have both same faith.

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?

it is the attitude mate, poor or rich? depending on how you wanna deal in gambling.

The good thing about not having a lot of money and working paycheck from paycheck, and probably one of the only good things about it, is that if you risk big (according to your means) and make big it can totally change your life
when you're rich you just need a small % change to make a lot of money and be able to live out of your investments (or gamble, call as your wish, even though both things are really different)

[shasan]

No one should take any risk that the person can't afford if s/he loses the bet. I think rich people can take more risk as they have more fund but I think poor people take more risk to make more money.

[betswift]

Being poor and gambling is just not a good combination. I've seen rags to riches stories where someone from a poor family wins a lottery game and entirely change their lives, but I'm not even sure I'd believe it. It wouldn't make sense if you have barely enough to put food on the table and then risk going hungry for a whimsical chance of winning by chance. The problem I'm seeing here is that it's more prevalent in poor people because of desperation. Easy money seems natural for rich people as they know what it's like not to go hungry and have more than enough, hence, gambling isn't the same all or nothing for them. This can't be said for poor people.

This is one of the best taughts I've come across on this thread, i mean rhis best explains why you shouldn't see an opportunity in gambling as a very poor person let alone thinking of risking more or as much as the rich does because the chances are almost not there it's only very unusual cases thst people actually goes from rags to riches buy rhen it's always a one out a hundred which shows how unlikely the chances are, worse of it would be if you loose your money gambling and it's your last Cash you still het to go hungry the rest of the day and it doesn't make any sense at all because you even get less motivated at this point about life because frustration could actually see in knowing you have got nothing left.

As a poor guy or person generally gambling isn't a good option buy if you have got enough such thst you would not be affected enough then you can try risking a few dollars buy make sure not to empty your wallet gambling as such is never a good option to explore.

With this thought, I think it's safe to say that gambling isn't really meant for the poor guys because gambling isn't something that is certain so to risk the little you have knowing fully well that the odds and chances are totally against you isn't really a wise chose and something to do but you know one funny thing about this context of gambling and the poor,  they ought to always tell themselves about someone huge wins and they feel that they too can replicate it.

you all bring up some crucial points regarding the intersection of poverty and gambling. It’s true that gambling can seem like a quick fix or a shot at changing one’s financial situation dramatically, which can be particularly alluring for someone facing financial hardships.

Gambling should ideally be an entertainment activity, not a financial strategy. For those in financially precarious situations, the potential loss from gambling can be far more damaging than it might be for someone with more disposable income. This raises ethical and social questions about the accessibility of gambling opportunities to vulnerable populations.

[fikrett]

No one should take any risk that the person can't afford if s/he loses the bet. I think rich people can take more risk as they have more fund but I think poor people take more risk to make more money.

Risk taking should always be within one’s means, whether for the affluent or the less fortunate. The principle remains the same across different economic statuses: no one should jeopardize their entire livelihood for the uncertain prospect of a quick gain.

[lixer]

Studies reveal that people with a poor socioeconomic status are at high risk to develop gambling related issues. People with low socioeconomic status may undergo tremendous financial outcomes from gambling because they gamble with a large part of their income.

People who aren't doing very well financially indeed tend to consider gambling to be an opportunity to try their luck and maybe change their life for once in case they become lucky someday and hit the jackpot or something, and this hope keeps them from spending any money they can spare after fulfilling the necessities they have. What's unfortunate is most of them lose all their money at the end of the day because gambling doesn't make everyone rich.

Such people don't understand that gambling is a business for its creators and it isn't to provide money to every gambler unless someone is extremely lucky, so gambling shouldn't be considered a way to earn money by anyone whether they are rich or poor or what kind of a social status they have.

[Toro iskandar]

No one should take any risk that the person can't afford if s/he loses the bet. I think rich people can take more risk as they have more fund but I think poor people take more risk to make more money.

Risk taking should always be within one’s means, whether for the affluent or the less fortunate. The principle remains the same across different economic statuses: no one should jeopardize their entire livelihood for the uncertain prospect of a quick gain.

Agree, taking risks must be in accordance with our abilities and whether we are ready to accept and resolve well the risks that will occur later.
For a gambler, taking risks is very necessary with the aim of building our character to be more courageous and confident in every gambling game, but what needs to be paid attention to is whether we will dare to take big or small risks.

Yes, that's right, we must always be careful in taking risks in the future because we cannot possibly cause problems or make our lives suffer as a result of risks that have already occurred because if they continue and we are no longer able to handle them, then a good step is to stop for a moment and calm down. the thought of returning to normal.
And it is very appropriate if we have good thoughts about gambling that casinos are not places or activities that can easily and quickly make money and also do not make us rich quickly, therefore we will gamble in moderation and not excessively, this prevents us from getting profit. risk of consequences. gamble.