Rich or poor gambler, who should risk more?

[Wakate]

~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.

Just like the way the rich have the fund to bet more and the poor in contrast would have to try all possible ways to make sure that they make profits from gambling. Gambling can be very frustrating and more of desperate alternative for those that don't have the funds or enough funds to always play bets. No matter whether we are a poor, rich or average class gambler, we all want to make money from gambling. I think when the rich people lose bets, they are always calm and not too bothered when they lose since there could be funds somewhere they can use to bet more.

[ethereumhunter]

So that's what becomes very dangerous, where they force themselves to borrow money to gamble. They are having a hard time just making ends meet and now they are adding to their burden by having to pay off loans they took out just to gamble, that is a very unwise thing.

In normal life, we are not allowed to use money for other needs, especially when they use the money they earn from loans. From there, we can see that they cannot meet their daily needs, because if they were able and had the money, they would first use the money. However, that's not what happens and I think this happens a lot out there, especially among small gamblers or gamblers in bad economic situations. now they have 2 problems, the first is the money they borrowed they never enjoyed and they have to pay their loan.

Things like this are what cause so many cases that we don't want to hear about that occur as a result of gambling, specifically from those who are addicted to gambling.

Taking a loan for playing gambling will gives them the problem so they must realizes that and not trying to takes the loan. If they care with themselves, they will always take care of themselves by reducing the risks that they can gets from gambling. They must fills their daily needs and gambling is not part of that so they must allocates some money to be used for playing gambling.

While poor and rich gamblers have the same risks in gambling, they must not use too much money. Otherwise, their lose will be bigger and that means they will risks more than other people who knows how to manages their money well. We can't use other people's money to playing gambling because that will gives more problems to us and we will difficult to repay the money to them. Every people who playing gambling must knows how to reduce their risks of losing the money in gambling so they will not gets the problem that can be bigger than they can imagine.

[MainIbem]

While poor and rich gamblers have the same risks in gambling, they must not use too much money. Otherwise, their lose will be bigger and that means they will risks more than other people who knows how to manages their money well. We can't use other people's money to playing gambling because that will gives more problems to us and we will difficult to repay the money to them. Every people who playing gambling must knows how to reduce their risks of losing the money in gambling so they will not gets the problem that can be bigger than they can imagine.

It's only an addict or someone that's very desperate and see gambling as an opportunity for financial freedom that would go to the extent of taking loans to gamble, it's not wise at all an lots of embarrassment when the event they stake on didn't go as planned and their unable to pay their debt. Well, back to the main discussion, I think a rich gambler who takes risk has more chances of survival than a poor person for instance, between a poor person worth $200 and risk it all and a rich man worth $100k and risks same $200 who do you think would survive after that if it goes wrongly? It's the rich person of course so I think rich people are more financial capable and in better position to take risks than poor people when it comes to gambling. However, it's not in anyway right for some to risk taking loans to gamble their are consequences to it.

[mammusu]

So that's what becomes very dangerous, where they force themselves to borrow money to gamble. They are having a hard time just making ends meet and now they are adding to their burden by having to pay off loans they took out just to gamble, that is a very unwise thing.

In normal life, we are not allowed to use money for other needs, especially when they use the money they earn from loans. From there, we can see that they cannot meet their daily needs, because if they were able and had the money, they would first use the money. However, that's not what happens and I think this happens a lot out there, especially among small gamblers or gamblers in bad economic situations. now they have 2 problems, the first is the money they borrowed they never enjoyed and they have to pay their loan.

Things like this are what cause so many cases that we don't want to hear about that occur as a result of gambling, specifically from those who are addicted to gambling.

Everyone knows. Players borrowing to gamble? They're not stuck in a psychological maze; they want dat dopamine. They're addicted to the bet and even pawn their grandma's dentures to play high roller. Though broken, it's raw human nature

But there's more to it than these scumbag gamblers. Man, it's about our horribly broken society. In this instant-gratification culture, everyone wants everything now. Work ethic, discipline, and delayed gratification are gone. We're addicted to the next fix, and it's killing us financially and spiritually

Unfortunately, these men may be planning for their retirement and leaving something for their children. Instead, they're wasting it on roulette or poker

I call it greed as a natural trait that humans have, but even though it is a natural trait, that doesn't mean we can't control it. Many people have managed to control it, in my opinion the problem lies in the person themselves.

They want something instant, especially to get a lot of money and they run into gambling which basically gambling is entertainment for us, but they use it as a place to seek victory. If we talk about that, then there is no one who doesn't want to get money the easy way, but unfortunately there is no such way. And even those who find it easy to earn money are people who used to work hard and we never know what they went through.

And now people (addicts) think that gambling can take them there? Lol, wrong logic. This is a form of their inability to absorb information properly, and they use more emotions.

[Obari]

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

[mirakal]

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

Well, there is no point in arguing that rich people can afford to lose a lot of money without regrets but poor people would be. Thinking about this situation and whether you agree with me or not, I believe that rich people lose more. Although we see a lot of poor people gambling every day, yet they just spend a little money unlike how these rich people do.

As we can read in this article https://casino.betmgm.com/en/blog/ranking-the-biggest-gambling-losses-of-all-time/, this proves that rich people have a huge chance of spending more money than poor people.

[Rampagoe004]

Just like the way the rich have the fund to bet more and the poor in contrast would have to try all possible ways to make sure that they make profits from gambling. Gambling can be very frustrating and more of desperate alternative for those that don't have the funds or enough funds to always play bets. No matter whether we are a poor, rich or average class gambler, we all want to make money from gambling. I think when the rich people lose bets, they are always calm and not too bothered when they lose since there could be funds somewhere they can use to bet more.

In my opinion poor gamblers have more risks than rich gamblers. Rich gamblers can play with big stakes like $500 or $1000 and if they lose they don't think about it and it doesn't stress them out. Poor gamblers cannot place big bets but if they are lucky and win the jackpot they will regret not betting on big bets. And if they bet on a big bet and lose then they have ruined their own life. So the big risk in my opinion is when you are in a difficult choice in gambling and that is what poor gamblers feel. Basically gambling will not give you a win and the only win in gambling is when you can stop gambling in the hope of winning the jackpot and start rearranging your and your family's life.

[Mr. Magkaisa]

While poor and rich gamblers have the same risks in gambling, they must not use too much money. Otherwise, their lose will be bigger and that means they will risks more than other people who knows how to manages their money well. We can't use other people's money to playing gambling because that will gives more problems to us and we will difficult to repay the money to them. Every people who playing gambling must knows how to reduce their risks of losing the money in gambling so they will not gets the problem that can be bigger than they can imagine.

It's only an addict or someone that's very desperate and see gambling as an opportunity for financial freedom that would go to the extent of taking loans to gamble, it's not wise at all an lots of embarrassment when the event they stake on didn't go as planned and their unable to pay their debt. Well, back to the main discussion, I think a rich gambler who takes risk has more chances of survival than a poor person for instance, between a poor person worth $200 and risk it all and a rich man worth $100k and risks same $200 who do you think would survive after that if it goes wrongly? It's the rich person of course so I think rich people are more financial capable and in better position to take risks than poor people when it comes to gambling. However, it's not in anyway right for some to risk taking loans to gamble their are consequences to it.

         -   Gambling only becomes financial freedom when you win the jackpot at the casino, but also in reality because only a few people win or get a jackpot or a big win at the casino. And I have seen many people like that who won the lottery, but later, because they didn't use what they won correctly, they also returned to a difficult life of poverty.

You should also not always think that you might get lucky on this day and get the jackpot; instead, you should also think that what often happens in the casino is also often lost.

[KeenanEl19]

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

It's true that we should put in the amount of money we can afford, not more than what we can afford. Most people experience big losses because they don't think about the impact that could occur, such as losing more money when gambling, so they experience financial problems that affect their situation. their economy.

[slapper]

~snip~

Taking a loan for playing gambling will gives them the problem so they must realizes that and not trying to takes the loan. If they care with themselves, they will always take care of themselves by reducing the risks that they can gets from gambling. They must fills their daily needs and gambling is not part of that so they must allocates some money to be used for playing gambling.

While poor and rich gamblers have the same risks in gambling, they must not use too much money. Otherwise, their lose will be bigger and that means they will risks more than other people who knows how to manages their money well. We can't use other people's money to playing gambling because that will gives more problems to us and we will difficult to repay the money to them. Every people who playing gambling must knows how to reduce their risks of losing the money in gambling so they will not gets the problem that can be bigger than they can imagine.

You wanna use loans for gambling? Playing with fire, guy. Everyone thinks they can beat the system, but borrowing to gamble is stupid

Gambling should be entertaining, not lifesaving. Bet money you don't have and you're begging for trouble. Like those guys who chase unattainable women instead of appreciating the ones in front of them. Be wise. Set aside some fun money that won't ruin you if you lose. That shows game respect and, more significantly, self respect

Gambling shows our unhealthy drive for rapid fulfillment. It resembles get-rich-quick schemes rather than legitimate businesses. How about treating gambling like a good relationship? Slow and steady wins, right? Managing your money, learning from losses, and not letting it consume you are key. If you can accomplish that, gambling may not ruin your life

[Blitzboy]

`

I call it greed as a natural trait that humans have, but even though it is a natural trait, that doesn't mean we can't control it. Many people have managed to control it, in my opinion the problem lies in the person themselves.

They want something instant, especially to get a lot of money and they run into gambling which basically gambling is entertainment for us, but they use it as a place to seek victory. If we talk about that, then there is no one who doesn't want to get money the easy way, but unfortunately there is no such way. And even those who find it easy to earn money are people who used to work hard and we never know what they went through.

And now people (addicts) think that gambling can take them there? Lol, wrong logic. This is a form of their inability to absorb information properly, and they use more emotions.

Always having greed doesnt mean jumping off a cliff. Greed isnt the issue - its how we handle it. Gambling is flashy enough. It can seem like a shortcut to wealth but the house wins every time. Lottery winnings dont define life. Its about building something that lasts. It requires dedication and good choices. Gamblers who think they can defeat the system are misthinking.

Let people know gambling is enjoyment, not a financial plan. Like a concert. Though you pay for the pleasure, you dont expect to win more. Folks, this is about self-respect and hard effort, not just money management.

[piebeyb]

Let people know gambling is enjoyment, not a financial plan. Like a concert. Though you pay for the pleasure, you dont expect to win more. Folks, this is about self-respect and hard effort, not just money management.

In fact, almost all experienced players have reminded all the beginner players, even in this forum, there are so many threads reminding beginners, but unfortunately most of them ignore whatever we say, even though it has been explained that gambling is a game for fun and is only for entertainment. for rich people it's not a place to make money, they don't see that only a small percentage can win against the dealer and that's not more than 1% of the time, more gamblers lose and end up being losers, so that proves that gambling is not a place to look for money. money especially if it has to be called a place to gain instant wealth. 

[nara1892]

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

It's true that we should put in the amount of money we can afford, not more than what we can afford. Most people experience big losses because they don't think about the impact that could occur, such as losing more money when gambling, so they experience financial problems that affect their situation. their economy.

If only gambling did not have the risk of losing our money unexpectedly then I think it would be fine to gamble blindly, but however, of course gambling will always be an activity that leads to one of two outcomes at the end of the session, either winning or losing, in the sense that you can win and get additional money for free, but on the other hand, you can also end up with a zero balance in your betting account, which means all the capital you brought is lost due to defeat.

In gambling, the problem of winning depends on how lucky you are at that time and for the problem of the amount of loss it depends on how you can manage and protect your money in the sense of not overacting, therefore this is the reason why we are better off focusing on various actions that lead to on prevention because with that we will not experience too large a loss, and one of the reasons why a gambler is always prohibited from pursuing victory is because no matter how hard you try, if you are unlucky you will lose.

[ethereumhunter]

It's only an addict or someone that's very desperate and see gambling as an opportunity for financial freedom that would go to the extent of taking loans to gamble, it's not wise at all an lots of embarrassment when the event they stake on didn't go as planned and their unable to pay their debt. Well, back to the main discussion, I think a rich gambler who takes risk has more chances of survival than a poor person for instance, between a poor person worth $200 and risk it all and a rich man worth $100k and risks same $200 who do you think would survive after that if it goes wrongly? It's the rich person of course so I think rich people are more financial capable and in better position to take risks than poor people when it comes to gambling. However, it's not in anyway right for some to risk taking loans to gamble their are consequences to it.

If that's happens, poor and rich gamblers will not have a big chance to gets financial freedom from gambling but they will gets many problem because the risks of losing the money will be bigger. A rich gambler can takes risk more than a poor gambler but if they don't thinks much about the risks, their risks will be bigger and they can lose their money.

No matter if that money is from the lender or their own money, the risks will be the same which is lose that money although the amount will not be the same. Those people, poor and rich gamblers doesn't have to gets a big risks from gambler and should manage the risks not to becomes big. If they can do that, they can playing gambling without thinks about the risks because they can manage their risks.

[EarnOnVictor]

~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.

Just like the way the rich have the fund to bet more and the poor in contrast would have to try all possible ways to make sure that they make profits from gambling. Gambling can be very frustrating and more of desperate alternative for those that don't have the funds or enough funds to always play bets. No matter whether we are a poor, rich or average class gambler, we all want to make money from gambling. I think when the rich people lose bets, they are always calm and not too bothered when they lose since there could be funds somewhere they can use to bet more.

I've always maintained a point on this thread that being rich or poor is of the mindset and it is generally relative. I said that because the last part of your statement baffled me, and in contrast, the rich can only be calm if he has not gambled with a huge amount of money that can cross his limit. Do you think they don't have a limit? They do of course. Just like the poor, you can see them gambling as well and not feel it, that's if they gamble with a ridiculously low amount of money they can overlook. They can only get hurt if they gamble with the money which can't be affordable for them to let go. By doing that, they would have crossed that limit. Although these limits for the rich and poor may be a very wide gap but that doesn't mean that either class do not have a limit. So I will never use it as a total quality of the rich to say they are always calm when they are gambling, no, many of them may even be gambling and sweating. This is happening if they have committed the money they feel is too expensive to lose at that time.

[Maus0728]

Status in life shouldn't be a thing that would let you decide who should be risking more because in my opinion, I think that it's the same level of risk is involved and we just think that the other has risked more because we looked at it in raw numbers but in terms of percentage, and I do believe that in terms of that, we might see some kind of similarities in how much both side of the classes are risking in gambling but then again, there might be some kind of difference but it's probably not a lot.

[Furious 7]

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

That's what we have to pay attention to, we have to be able to pay attention to the amount of budget we put into gambling. Many people lose more money because they cannot accept the loss of the money they bet on, so when they lose they have a grudge, which means gambling again is one way they will do it because they want to recover the losses that have occurred. Unfortunately, this behavior only makes it difficult for them to get out of gambling, because they are already trapped deeper into gambling, of course they will not easily leave gambling which they think can make them win.

Of course, gambling beyond our financial capabilities will have a bad impact, when we have run out of money to gamble but still want to gamble, of course the initial bad impact that will occur is borrowing money, which in my opinion is the first bad impact that they usually do. who can't stop gambling. after that, with winnings that are difficult to obtain, of course there is no guarantee that they will be able to win even if they gamble using borrowed money, so it is very likely that the borrowed money will be lost again when gambling. The bad impact is that they will continue to be in debt here and there if they cannot reduce their gambling activities.

[carlfebz2]

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

That's what we have to pay attention to, we have to be able to pay attention to the amount of budget we put into gambling. Many people lose more money because they cannot accept the loss of the money they bet on, so when they lose they have a grudge, which means gambling again is one way they will do it because they want to recover the losses that have occurred. Unfortunately, this behavior only makes it difficult for them to get out of gambling, because they are already trapped deeper into gambling, of course they will not easily leave gambling which they think can make them win.

Of course, gambling beyond our financial capabilities will have a bad impact, when we have run out of money to gamble but still want to gamble, of course the initial bad impact that will occur is borrowing money, which in my opinion is the first bad impact that they usually do. who can't stop gambling. after that, with winnings that are difficult to obtain, of course there is no guarantee that they will be able to win even if they gamble using borrowed money, so it is very likely that the borrowed money will be lost again when gambling. The bad impact is that they will continue to be in debt here and there if they cannot reduce their gambling activities.

Thats why it wont matter whether you are rich or poor, you would really be that the same would really be able to spend up on the money on which you do have. Even lets say that you are poor
but since those amounts might be small but this is something that would be considered big on your part. The only issue that you would be facing is the duration on how long you would really be able to stay
on playing gambling. Whereas, into those rich people would really be able to sustain and play longer basing up on how big their funding is on which this one would really be understandable.

The thing on here that should really be that realize that whether you are rich or poor when it comes to gambling then it would really be just that still falls down on the same risks or chance
whether you would really be that lucky or would really be unlucky on the moment or time that you would really be doing gambling. The important thing on here is that you do have
the control when it comes to your spending or gambling because if not then that would really be a devastating thing on your part.

[sompitonov]

Personally, I think there is no status qoute as to who to gamble be it either poor or rich, what matters is that we’re only gambling the amount we can afford to loss as no matter how much is lost, the gambler  might at some point get to feel the loss.
Just as there have been several threads advising people not to gamble more than they can afford to loss, I think people aren’t paying attention and a lot of people and gamblers are already still falling victims of gambling the mount of money they can afford to loss which isn’t a good one as I think these whole issue has more negative impact than goood.

That's what we have to pay attention to, we have to be able to pay attention to the amount of budget we put into gambling. Many people lose more money because they cannot accept the loss of the money they bet on, so when they lose they have a grudge, which means gambling again is one way they will do it because they want to recover the losses that have occurred. Unfortunately, this behavior only makes it difficult for them to get out of gambling, because they are already trapped deeper into gambling, of course they will not easily leave gambling which they think can make them win.

Of course, gambling beyond our financial capabilities will have a bad impact, when we have run out of money to gamble but still want to gamble, of course the initial bad impact that will occur is borrowing money, which in my opinion is the first bad impact that they usually do. who can't stop gambling. after that, with winnings that are difficult to obtain, of course there is no guarantee that they will be able to win even if they gamble using borrowed money, so it is very likely that the borrowed money will be lost again when gambling. The bad impact is that they will continue to be in debt here and there if they cannot reduce their gambling activities.

We need to figure it out and understand, first of all, why the players planned to play for the same amount, and therefore bet more and lost more than they planned. The whole point is in the quick and spontaneous decisions that players make between these two moments. An experienced player knows that one should not exceed the loss limit, but a beginner does not even have the slightest idea about this and does not have a game plan.

After this, I can assume that there is no difference between poor and rich players if they do not respect the loss limits and follow their pre-built game plan.

[Obari]

~snip~

~snip~

After this, I can assume that there is no difference between poor and rich players if they do not respect the loss limits and follow their pre-built game plan.

I agree with you that, the major difference between a rich and a poor gambler is just commitment and frankly a lot of gamblers still fall victim of chasing after losses even after knowing its dangers and I wouldn’t have to blame them because we’re all humans and we would always want to take advantage of every opportunity that presents itself as a money making technique which gambling and chasing after losses isn’t exempted.

As a gambler, one way to stay profitable is having discipline and keeping your discipline even when no one is looking at you. A lot of gambling addicts wouldn’t accept they’re addicts and this is because they still have a lot of hope in the system and can’t even identify when to stop playing and event to continue playing