Rich or poor gambler, who should risk more?

[Dewi Aries]

A rich gambler can take more advantage than a poor in terms of winnings and losses. Because when the poor gambler places a bet they will try to do so according to their ability.

The advantage is too great , and I think the most important thing is that if a Poor player loses , his life will probably become much more difficult , because he Might be losing enough money to cover his own expenses, and if he has a family, it would be even worse, because he would be putting his family in a bad position. If a rich player loses a lot of money, it doesn't matter, his life is secure, I'm sure he won't worry or get stressed or look for money like crazy , because that is the most Unbearable Advantage that the rich player has. In fact, the rich Player may get Bored of the Game , the Poor player may not , he may get bored of Losing and never play Again.

Of course, if a poor gambler loses or experiences a losing streak then it is clearly a very worrying situation for their life, it is very likely that as you said they will run out of ways to survive which might make them have to endure hunger longer, and that is what is terrible when people - people who have a middle to lower financial situation are addicted to gambling.

In contrast to rich people, as you said, they won't be too stressed, if rich people experience large losses, yes, that's quite a shame, but at least even though they experience many losses, they don't have to worry about meeting their needs, such as buying food. while poor people may endure hunger longer as I said above. And actually, regardless of whether a gambler is rich or poor, it is still undesirable to end up losing a significant amount of money, therefore this is why limiting the budget is always important regardless of whether you are rich or poor.

[l3pox]

A rich gambler can take more advantage than a poor in terms of winnings and losses. Because when the poor gambler places a bet they will try to do so according to their ability.

The advantage is too great , and I think the most important thing is that if a Poor player loses , his life will probably become much more difficult , because he Might be losing enough money to cover his own expenses, and if he has a family, it would be even worse, because he would be putting his family in a bad position. If a rich player loses a lot of money, it doesn't matter, his life is secure, I'm sure he won't worry or get stressed or look for money like crazy , because that is the most Unbearable Advantage that the rich player has. In fact, the rich Player may get Bored of the Game , the Poor player may not , he may get bored of Losing and never play Again.

Of course, if a poor gambler loses or experiences a losing streak then it is clearly a very worrying situation for their life, it is very likely that as you said they will run out of ways to survive which might make them have to endure hunger longer, and that is what is terrible when people - people who have a middle to lower financial situation are addicted to gambling.

In contrast to rich people, as you said, they won't be too stressed, if rich people experience large losses, yes, that's quite a shame, but at least even though they experience many losses, they don't have to worry about meeting their needs, such as buying food. while poor people may endure hunger longer as I said above. And actually, regardless of whether a gambler is rich or poor, it is still undesirable to end up losing a significant amount of money, therefore this is why limiting the budget is always important regardless of whether you are rich or poor.

getting into situations that are hard to get out from is usually a really bad idea
ok, sometimes it helps making you fight until the end and find strenghts you didn't know you have but it also has the potential of ruining your life and your loved ones'

there are better ways.

[danherbias07]

Some people don't even know the risk with gambling that its not all the time we have to win over every bet we play, we don't also have to be rich or poor before we can make a win on bet or lose it, this is more about how well we are used to it, our experience and skills all determines what we see at the end, we can also determine this by the kind of game we are playing because some are strictly by luck and we don't have to be experience before winning, so also one does not have to be rich or poor before achieving his goal with gambling.

Experience. That's the hardest one to get.

I've learned a lot of lessons in gambling, it doesn't matter how much money you bet, most of the time the losing part is what we will get. Now, the difference is the deeper the pockets you have, the better your chances of claiming everything back through the RTP.
I've said it in another thread where I lost a lot of money on one gambling site. I kept on trying to get it all back and I've completed my mission to do so.
Sometimes, you will have to be patient on when you will be paid back by a gambling site and it could take hundreds or thousands of dollars while only betting in the minimum before you could receive it.

And that's all thanks to experience because I know it cannot be a never-ending losing streak. There will always be a time that you will win some and maybe claim back about 90 percent of what you lost.

[Odohu]

A rich gambler can take more advantage than a poor in terms of winnings and losses. Because when the poor gambler places a bet they will try to do so according to their ability.

Everything is all about proportionality because each of the classes of gamblers are gambling in proportion of their income. A rich gambler can decide to use 0.5% of his income to gamble and this might even be the total income the poor gambler is planning to win from gambling. To the poor gambler, the rich person is taking too much risk but that is not true in reality.

Losses are also in proportion of their investment amount because the rich lose bigger amount than the poor but that does not mean that he is taking too much risk; the poor gambler may even taking higher risk because some gamble with as much as 10% of their income.

What I notice is that the ease of winning is higher for the rich because of their psychology which is the key element in gambling. The rich are not desperate and they don't chase loses so their lose emotions are under control.

[khiholangkang]

A rich gambler can take more advantage than a poor in terms of winnings and losses. Because when the poor gambler places a bet they will try to do so according to their ability.

The advantage is too great , and I think the most important thing is that if a Poor player loses , his life will probably become much more difficult , because he Might be losing enough money to cover his own expenses, and if he has a family, it would be even worse, because he would be putting his family in a bad position. If a rich player loses a lot of money, it doesn't matter, his life is secure, I'm sure he won't worry or get stressed or look for money like crazy , because that is the most Unbearable Advantage that the rich player has. In fact, the rich Player may get Bored of the Game , the Poor player may not , he may get bored of Losing and never play Again.

I try to think back, but what I often notice from poor players is that they have crazy expectations from gambling, and think that gambling will change their lives for the better if they get a very large win from their small capital.

While on the other hand there are also not a few rich people who become poor because of impulsive gambling, this depends on their financial management for each and their mindset regarding gambling.

But in comparison, the one who has a higher risk is the rich person, because he can potentially become poor, if the poor person has a higher risk, it doesn't make sense because when they lose they will still be poor.

As for the benefits, of course the rich are more likely to get their multipliers with large capital, but if it comes back to the topic, who should take a big risk, of course it is not good to take a big risk in gambling.

[rachael9385]

A rich gambler can take more advantage than a poor in terms of winnings and losses. Because when the poor gambler places a bet they will try to do so according to their ability.

The advantage is too great , and I think the most important thing is that if a Poor player loses , his life will probably become much more difficult , because he Might be losing enough money to cover his own expenses, and if he has a family, it would be even worse, because he would be putting his family in a bad position. If a rich player loses a lot of money, it doesn't matter, his life is secure, I'm sure he won't worry or get stressed or look for money like crazy , because that is the most Unbearable Advantage that the rich player has. In fact, the rich Player may get Bored of the Game , the Poor player may not , he may get bored of Losing and never play Again.

From my observations I can say that poor gamblers barely risk much money on gambe, they do gamble with huge amount ones in a while, but for the middle class gamblers, these are the people who stake higher than the poor because they have little, so most of the times they do thought that gamble with big money might be the best way to make quick money. Why I don't believed that poor gamers are staking higher everyday is because they don't have much money. And average gambler can risk higher amount and when he might borrow and use the money to sustain himself until he gets paid from his jobs. But some people still gamble again with the money that they were supposed to use and sustain themselves before salary come. These are the set of gamblers that their family is being affected.

[EarnOnVictor]

~snip~
one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

Knowing when to stop is the key factor in a gamblers life.

The gamblers that can stop are the ones that can enjoy their lives.

The ones that never stop actually end up in a very bad situation.

that's true
but then there are the ones who will not stop and will end up losing a lot but never gambling again and others that will lose but keep depositing and keep on trying it until they break themselves entirely
that is really sad

That's true and I've mentioned that it is not a question of being rich or not but the question of what you will deposit and wager that will pinch you. Both the rich and poor have their limits, so when they are gambling in the bracket of these limits, it will definitely break them if this turns bad. Now, if they deposit and wager more than what their limits can take and they continue like that, they will surely be affected over time. It now depends on how wise either of them is to avert much gambling disaster. If they realise their fault, stop and change their way on time, fine, they can still be upstanding. But if not, it may devastate them regardless of whether they are rich or poor, we are all humans, and it is the right plans that matter here not status.

[nullama]

~snip~
That's true and I've mentioned that it is not a question of being rich or not but the question of what you will deposit and wager that will pinch you. Both the rich and poor have their limits, so when they are gambling in the bracket of these limits, it will definitely break them if this turns bad. Now, if they deposit and wager more than what their limits can take and they continue like that, they will surely be affected over time. It now depends on how wise either of them is to avert much gambling disaster. If they realise their fault, stop and change their way on time, fine, they can still be upstanding. But if not, it may devastate them regardless of whether they are rich or poor, we are all humans, and it is the right plans that matter here not status.

Yes, exactly right.

Just because a person is rich it doesn't mean they don't have a limit. Of course they have one, it's just higher.

But the thing is that both rich and poor can end up with zero on a single visit to the casino.

[Inwestour]

I can't say which of the two actually experiences more risk, as long as I know that they experience the same risk when they play any type of gambling, whether it's land-based or online. Because what rich and poor gamblers experience is really the same, and there is no difference in reality.

Because there is a chance that the rich face more losses than the poor gamblers, and there is also a chance that the rich have more luck than the poor gamblers, it seems like they just change the scenario in reality.

The size of the bet maybe also matters, it is obvious that a rich player can afford to bet larger amounts than a poor one, which means the potential loss may be greater and, accordingly, the risks also increase. But according to their income, the risks will be perceived unambiguously by them, so in fact it is difficult to say who will risk more, probably the one who does not comply with risk management, which means you need to focus on compliance with the rules in gambling than on the amount of the bet, because it only depends on the capabilities of the players.

[ethereumhunter]

From my observations I can say that poor gamblers barely risk much money on gambe, they do gamble with huge amount ones in a while, but for the middle class gamblers, these are the people who stake higher than the poor because they have little, so most of the times they do thought that gamble with big money might be the best way to make quick money. Why I don't believed that poor gamers are staking higher everyday is because they don't have much money. And average gambler can risk higher amount and when he might borrow and use the money to sustain himself until he gets paid from his jobs. But some people still gamble again with the money that they were supposed to use and sustain themselves before salary come. These are the set of gamblers that their family is being affected.

Poor gamblers tends not to thinks about the risks of gambling. That makes them still playing gambling and will use more money because they hopes they can wins some money. That will makes them forgets to limits their money because they chase more winnings without care of the risks that they can gets. If he takes a loan because of wants to chase the wins, that will be a big mistakes because he will difficult to repay the loans.

Both poor and rich gamblers have the same risks but the different is when they can't control themselves, that will gives them big risks that they will not realizes. It's better if they can still limits themselves when playing gambling so they will not have to lose much money. No matters what they must consider that playing gambling is just one things that they can do in their spare time so they don't risks much money.

[sompitonov]

From my observations I can say that poor gamblers barely risk much money on gambe, they do gamble with huge amount ones in a while, but for the middle class gamblers, these are the people who stake higher than the poor because they have little, so most of the times they do thought that gamble with big money might be the best way to make quick money. Why I don't believed that poor gamers are staking higher everyday is because they don't have much money. And average gambler can risk higher amount and when he might borrow and use the money to sustain himself until he gets paid from his jobs. But some people still gamble again with the money that they were supposed to use and sustain themselves before salary come. These are the set of gamblers that their family is being affected.

Poor gamblers tends not to thinks about the risks of gambling. That makes them still playing gambling and will use more money because they hopes they can wins some money. That will makes them forgets to limits their money because they chase more winnings without care of the risks that they can gets. If he takes a loan because of wants to chase the wins, that will be a big mistakes because he will difficult to repay the loans.

Both poor and rich gamblers have the same risks but the different is when they can't control themselves, that will gives them big risks that they will not realizes. It's better if they can still limits themselves when playing gambling so they will not have to lose much money. No matters what they must consider that playing gambling is just one things that they can do in their spare time so they don't risks much money.

Taking out a loan to play is probably the worst thing a player can do. Starting from the fact that in the game we have a negative mathematical expectation and ending with the fact that we increase it over time. In addition, the player must at least have a plan for how he will give this money back if he does not win, and the plan to borrow from friends and not give it back is even worse than that. In short, we need to play only with the funds that we have in our pockets, and not in someone else’s. And you were right that poor players often think about another pocket because they run out very quickly and it becomes completely empty, rich players do not have such a problem. But it may appear if the rich behave like monkeys at the table and bet nonstop.

[Gheka]

~snip~
That's true and I've mentioned that it is not a question of being rich or not but the question of what you will deposit and wager that will pinch you. Both the rich and poor have their limits, so when they are gambling in the bracket of these limits, it will definitely break them if this turns bad. Now, if they deposit and wager more than what their limits can take and they continue like that, they will surely be affected over time. It now depends on how wise either of them is to avert much gambling disaster. If they realise their fault, stop and change their way on time, fine, they can still be upstanding. But if not, it may devastate them regardless of whether they are rich or poor, we are all humans, and it is the right plans that matter here not status.

Yes, exactly right.

Just because a person is rich it doesn't mean they don't have a limit. Of course they have one, it's just higher.

But the thing is that both rich and poor can end up with zero on a single visit to the casino.

And by a similar argument, the risk taking of both the rich and the poor has similar limits depending on their budgets, this is very easy to see when the methods of using money between the two are not similar, the rich will bet based on the rich's ideology, similar to the poor and of course, both have the same pressure. Regardless of their stance, they all put themselves at significant risks, it is impossible to judge which person's playing process will have more pressure when it is each person's thoughts and feelings when playing.

[mammusu]

From my observations I can say that poor gamblers barely risk much money on gambe, they do gamble with huge amount ones in a while, but for the middle class gamblers, these are the people who stake higher than the poor because they have little, so most of the times they do thought that gamble with big money might be the best way to make quick money. Why I don't believed that poor gamers are staking higher everyday is because they don't have much money. And average gambler can risk higher amount and when he might borrow and use the money to sustain himself until he gets paid from his jobs. But some people still gamble again with the money that they were supposed to use and sustain themselves before salary come. These are the set of gamblers that their family is being affected.

Poor gamblers tends not to thinks about the risks of gambling. That makes them still playing gambling and will use more money because they hopes they can wins some money. That will makes them forgets to limits their money because they chase more winnings without care of the risks that they can gets. If he takes a loan because of wants to chase the wins, that will be a big mistakes because he will difficult to repay the loans.

Both poor and rich gamblers have the same risks but the different is when they can't control themselves, that will gives them big risks that they will not realizes. It's better if they can still limits themselves when playing gambling so they will not have to lose much money. No matters what they must consider that playing gambling is just one things that they can do in their spare time so they don't risks much money.

The striking difference between the two is the difference in financial situation. Those who are poor sometimes have to struggle to meet their daily needs and in the midst of what they feel, they seek their luck in gambling and hope they can win at that time. Meanwhile, for those who are rich, they no longer think about all their needs, because they can fulfill those things and they take up gambling as entertainment, that's what I assume from these two gamblers who have different finances.

However, it is true that all gambling carries a large risk, so there is a greater chance of losing than winning. However, those who are rich may not think about the money they have lost because of gambling, while for those who are poor they will have even more difficulties, because they might use it for other needs, they gamble in the hope that it will make things easier for them, but with the risk that exists they will actually gain new problems.

[HelliumZ]

~snip~
one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

Knowing when to stop is the key factor in a gamblers life.

The gamblers that can stop are the ones that can enjoy their lives.

The ones that never stop actually end up in a very bad situation.

that's true
but then there are the ones who will not stop and will end up losing a lot but never gambling again and others that will lose but keep depositing and keep on trying it until they break themselves entirely
that is really sad

This is only true for those gamblers who are overly greedy and keep betting despite repeated losses. However, the matter is different in the case of poor gamblers because they manage their gambling money with great difficulty, so once they lose, they have no chance to recover, so they are afraid to bet again and again. On the other hand the rich gambler is not afraid to bet because he has money despite repeated losses because he is not afraid to bet so he has a chance to recover from his bets.

[Jody.Drummer]

~snip~
That's true and I've mentioned that it is not a question of being rich or not but the question of what you will deposit and wager that will pinch you. Both the rich and poor have their limits, so when they are gambling in the bracket of these limits, it will definitely break them if this turns bad. Now, if they deposit and wager more than what their limits can take and they continue like that, they will surely be affected over time. It now depends on how wise either of them is to avert much gambling disaster. If they realise their fault, stop and change their way on time, fine, they can still be upstanding. But if not, it may devastate them regardless of whether they are rich or poor, we are all humans, and it is the right plans that matter here not status.

Yes, exactly right.

Just because a person is rich it doesn't mean they don't have a limit. Of course they have one, it's just higher.

But the thing is that both rich and poor can end up with zero on a single visit to the casino.

Yes, rich people have a much better situation than poor people, or that means rich people have more opportunities to survive because they have a bigger bankroll than poor people.

But yes, as you said, the facts don't mean that rich people have unlimited money, because if they spend all their money blindly on something that has no potential profit, then obviously all the money they have will definitely run out.

And if we talk about gambling then yes, in fact rich or poor are the same, the only difference is in terms of defense, or meaning the total amount of assets they have, which means that rich people have more money than poor people, but it remains the same as you say that the fact is that they could all end up with a zero balance in their accounts if they treat gambling the wrong way.

[Mahanton]

~snip~
one have to accept that if they gamble they can lose all their money
if things go out of control it can go south quite fast
more and more I see that emotional awareness and knowing when to stop is a must
what do you think?

Knowing when to stop is the key factor in a gamblers life.

The gamblers that can stop are the ones that can enjoy their lives.

The ones that never stop actually end up in a very bad situation.

that's true
but then there are the ones who will not stop and will end up losing a lot but never gambling again and others that will lose but keep depositing and keep on trying it until they break themselves entirely
that is really sad

This is only true for those gamblers who are overly greedy and keep betting despite repeated losses. However, the matter is different in the case of poor gamblers because they manage their gambling money with great difficulty, so once they lose, they have no chance to recover, so they are afraid to bet again and again. On the other hand the rich gambler is not afraid to bet because he has money despite repeated losses because he is not afraid to bet so he has a chance to recover from his bets.

Rich or poor, it wont matter because if we do speak about losing money then it would really be that sharing up on the same situation on which they would really be able to experience the worst on the moment
that they will really be spending up all the money they do have. Somehow when you are rich then you do have that better versatility since you do have that bigger fund on which this is something that understandable
but we do know that when it comes to probability on losing huge money then you would really be having it. This is why there would really be not much difference among the two. On the moment that you do find yourself having that kind of dealing up with gambling then you should really be mainly thinking on how you would really be that controlling yourself about that huge devastation specially on finances.

People would really be just that making out those kind of minding or thinking on the moment that they have already experienced tough situation or conditions and not really be able to make out
some earlier action when they are still midway. Actually its not really that hard if you do really just that make use of your common sense.

[l3pox]

From my observations I can say that poor gamblers barely risk much money on gambe, they do gamble with huge amount ones in a while, but for the middle class gamblers, these are the people who stake higher than the poor because they have little, so most of the times they do thought that gamble with big money might be the best way to make quick money. Why I don't believed that poor gamers are staking higher everyday is because they don't have much money. And average gambler can risk higher amount and when he might borrow and use the money to sustain himself until he gets paid from his jobs. But some people still gamble again with the money that they were supposed to use and sustain themselves before salary come. These are the set of gamblers that their family is being affected.

Poor gamblers tends not to thinks about the risks of gambling. That makes them still playing gambling and will use more money because they hopes they can wins some money. That will makes them forgets to limits their money because they chase more winnings without care of the risks that they can gets. If he takes a loan because of wants to chase the wins, that will be a big mistakes because he will difficult to repay the loans.

Both poor and rich gamblers have the same risks but the different is when they can't control themselves, that will gives them big risks that they will not realizes. It's better if they can still limits themselves when playing gambling so they will not have to lose much money. No matters what they must consider that playing gambling is just one things that they can do in their spare time so they don't risks much money.

no game is fully immune to risks
there's always the risk and the reward
usually some people are really one sided and see just the reward side while ignoring the risks
that is a big problem that will make them lose money in the long run

it's better to cultivate a multiple point of view than to be just one sided.

[Troytech]

As I keep on seeing this post and think about it, I can't be certain to say that any is entitled to risk more than the other, cause firstly a poor man might stand 1000k on a bet and it might be his all but a rich man might also stake same amount and its nothing to him, so I guess wether rich or poor we should gamble what we can afford to lose, cause my 1k and your 1k might not worth the same To us individually based on our financial situation.

[hahay]

As I keep on seeing this post and think about it, I can't be certain to say that any is entitled to risk more than the other, cause firstly a poor man might stand 1000k on a bet and it might be his all but a rich man might also stake same amount and its nothing to him, so I guess wether rich or poor we should gamble what we can afford to lose, cause my 1k and your 1k might not worth the same To us individually based on our financial situation.

It's true, everyone has different limits and abilities, so anyone who gambles certainly has their own risks. After all, they will also risk their money based on their abilities and limits, so they will still have risks in gambling. But,  if they only bet with money they are ready to lose, then maybe they don't have much risk, because they also won't care if they lose and lose all the money they have  prepared. Because after all, the money they have prepared has also basically been prepared for the worst possibility,unless they are betting with money that must be doubled. So betting with money that you are not ready to lose, the bet will be very risky.

[Weawant]

Looking at the concept of gambling, if money making turns out the aim of gambling at any point then it will make sense if the poor risk more a d this is because the poor has got only a few amount to risk and so if they are risking on a little odd, their out come will be small and they will not be making as much money but if they are risking the little they have, knowing that they let go if they loose but will make money if they win so they may have to make picks of more odds while the rich who are risking a huge amount should make few picks and place their huge money on it, they will still make good money even with the small odd if they happen to win.