Rich or poor gambler, who should risk more?

[nullama]

~snip~
If you know when to stop and control emotions then it is highly possible to make money from gambling though there is still a risk of losing funds. At the same time it is true that there is no limit of the fund how much you will invest on gambling all the funds might be loss on gambling.

That's actually the key to be a successful human being, in every aspect.

If you know when to stop and change your behavior then you most probably will end up with a better outcome overall.

This is also true in gambling as you mention, as most people that end up in financial ruin are the ones that can't do that basically.

[danherbias07]

~snip~
If you know when to stop and control emotions then it is highly possible to make money from gambling though there is still a risk of losing funds. At the same time it is true that there is no limit of the fund how much you will invest on gambling all the funds might be loss on gambling.

That's actually the key to be a successful human being, in every aspect.

If you know when to stop and change your behavior then you most probably will end up with a better outcome overall.

This is also true in gambling as you mention, as most people that end up in financial ruin are the ones that can't do that basically.

For those who cannot do that, maybe it's better to just stay away from gambling. I always advise my friends not to enter gambling if they cannot afford it but because they are too envious of the videos that are coming out on social media, they still get hooked on it.
This is why I don't want to share with them the amount I won in the past months because I know they will feel that envy again and it might spark them to gamble more.
The problem is, it's honestly not easy to control emotions. You get mad when you keep on losing so you will tell yourself you will do one more deposit until it piles up and that's when you will regret what you had done. I got my share of losing streaks too and I can say I don't like being in that position.

[sompitonov]

~snip~
If you know when to stop and control emotions then it is highly possible to make money from gambling though there is still a risk of losing funds. At the same time it is true that there is no limit of the fund how much you will invest on gambling all the funds might be loss on gambling.

That's actually the key to be a successful human being, in every aspect.

If you know when to stop and change your behavior then you most probably will end up with a better outcome overall.

This is also true in gambling as you mention, as most people that end up in financial ruin are the ones that can't do that basically.

For those who cannot do that, maybe it's better to just stay away from gambling. I always advise my friends not to enter gambling if they cannot afford it but because they are too envious of the videos that are coming out on social media, they still get hooked on it.
This is why I don't want to share with them the amount I won in the past months because I know they will feel that envy again and it might spark them to gamble more.
The problem is, it's honestly not easy to control emotions. You get mad when you keep on losing so you will tell yourself you will do one more deposit until it piles up and that's when you will regret what you had done. I got my share of losing streaks too and I can say I don't like being in that position.

Your friends cannot resist the temptation to place at least one bet. Just yesterday I watched as one of my friends decided to make the first bet on the victory of the Spanish national football team. Of course, I didn’t advise her anything so as not to interfere, but she won, because the Spaniards won the Euro 2024 Cup. I just thought that someday she would want to repeat this again, but next time the bet may not win and she will probably do it again and again until she loses. Of course, I don’t wish her such an outcome, but I just want her not to blindly believe in her chosenness over the other players, because this will punish her.

Poor players are not very different from rich ones; here it is important to understand the main idea that you don’t need to chase big money, but enjoy even small victories. Also, the most important thing is to limit losses, because if this skill is not there, then the loss will not be long in coming, and it does not matter whether it is a poor or a rich player.

[Fredomago]

~snip~
If you know when to stop and control emotions then it is highly possible to make money from gambling though there is still a risk of losing funds. At the same time it is true that there is no limit of the fund how much you will invest on gambling all the funds might be loss on gambling.

That's actually the key to be a successful human being, in every aspect.

If you know when to stop and change your behavior then you most probably will end up with a better outcome overall.

This is also true in gambling as you mention, as most people that end up in financial ruin are the ones that can't do that basically.

For those who cannot do that, maybe it's better to just stay away from gambling. I always advise my friends not to enter gambling if they cannot afford it but because they are too envious of the videos that are coming out on social media, they still get hooked on it.
This is why I don't want to share with them the amount I won in the past months because I know they will feel that envy again and it might spark them to gamble more.
The problem is, it's honestly not easy to control emotions. You get mad when you keep on losing so you will tell yourself you will do one more deposit until it piles up and that's when you will regret what you had done. I got my share of losing streaks too and I can say I don't like being in that position.

Indeed, both rich and poor gamblers have that same sentiments as they think that gambling is a quick way to earn but most of the time it turned agaisnt them, like what you said, if you can't control your emotions then better to stay away since emotions will lead you to push and to add more money in your bankroll.

I like what you mentioned that sharing your good stand with your gambling activities might trigger those people who near you who are also aiming to earn that same outcome.

[piebeyb]

Poor players are not very different from rich ones; here it is important to understand the main idea that you don’t need to chase big money, but enjoy even small victories. Also, the most important thing is to limit losses, because if this skill is not there, then the loss will not be long in coming, and it does not matter whether it is a poor or a rich player.

In terms of behavior, it may be the same whether the gambler is rich or poor because everyone has emotions and egos that sometimes cannot be controlled so that in the end playing goes beyond the limits, making anyone addicted to gambling and taking big risks, but in terms of mindset there is a clear difference, usually rich gamblers just want to playing gambling to have fun and just looking for entertainment, there are also those who want to make money from gambling but mostly for entertainment only, things are different from poor gamblers, usually they gamble to try their luck and want to get rich quickly from gambling, even though there are not many people who are rich and successful because of gambling except doing business.

[nara1892]

Poor players are not very different from rich ones; here it is important to understand the main idea that you don’t need to chase big money, but enjoy even small victories. Also, the most important thing is to limit losses, because if this skill is not there, then the loss will not be long in coming, and it does not matter whether it is a poor or a rich player.

In terms of behavior, it may be the same whether the gambler is rich or poor because everyone has emotions and egos that sometimes cannot be controlled so that in the end playing goes beyond the limits, making anyone addicted to gambling and taking big risks, but in terms of mindset there is a clear difference, usually rich gamblers just want to playing gambling to have fun and just looking for entertainment, there are also those who want to make money from gambling but mostly for entertainment only, things are different from poor gamblers, usually they gamble to try their luck and want to get rich quickly from gambling, even though there are not many people who are rich and successful because of gambling except doing business.

In terms of character and behavior, each person is usually different, depending on the ego as you mentioned and also depending on the level of emotion the person has, because sometimes there are people who are very sensitive to everything that is not appropriate. with the hope that even though it is a trivial matter, or what it means is that sometimes there are people who get emotional easily even because of small things. But if we talk about the personalities that rich and poor people have then of course I think I would also agree with the opinion you, not without reason, but we can see that rich people have succeeded in bringing themselves to financial freedom in their lives, where this success is caused because they have a different mindset and way of looking at money, meaning I don't believe that rich people make gambling a place to earn, because of course before they get involved they will definitely assess first what the positive and negative sides of the activity are, meaning I am sure that it is very likely that rich people will not treat their gambling activities excessively.

 While poor people I think is quite doubtful, in the sense that there is a big possibility for them to try their luck in gambling, logically they have a worrying financial situation where they lack money to meet their living needs, while as we know that gambling provides opportunities to win for all users, meaning I think it can be used as a reason that there is a big possibility that poor people will use gambling as a place to make money.

[Dr.Bitcoin_Strange]

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.

Yes, the conclusion is that everyone gambler, whether rich or poor, they should only gamble according to their pocket size and to the amount they can comfortably lose without having some psychological issues due to too much thinking about their lose. If you want to stake $1k like you said and that's your only net worth, it's not a wise decision, some people are richer than that amount and so they can stake any amount that they can lose comfortably. Gamblers should just stake the amount they can lose.

There is not much difference between a rich and a poor gambler. Because a rich gambler may have more money but his luck may not be with him and a poor gambler may have less money but luck is with him and he may own big reward and a rich gambler may lose his wealth in winning. If the poor gambler manages his gambling within his means then there is no chance of him having a gambling problem. If rich and poor gamblers gambled in proportion, then the only difference between rich and poor gamblers would be money, otherwise everything would be the same. While I favor the rich when it comes to gambling, there is no guarantee that the rich can lose more from gambling than the poor. And when the gambling is managed keeping the ratio perfectly then the amount of risk will be equal as the ratio.

Like I said before now, between rich and poor gambler, no body is given a high priority of winning over the other. They both usually have a share of just same luck that is released by the casino. It takes the lucky one to bet at the right time and if he bet with a huge amount, that means they will earn huge profit. So, if it's a poor gambler that staked a huge amount at the lucky hour, they can win a huge amount. If it's also the rich guy that stake a huge amount at the lucky minute, they will as well win a huge amount. The difference between those categories of gamblers is that first has lot of money to keep gambling with it while the later has small amount.

[DaNNy001]

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.

Yes, the conclusion is that everyone gambler, whether rich or poor, they should only gamble according to their pocket size and to the amount they can comfortably lose without having some psychological issues due to too much thinking about their lose. If you want to stake $1k like you said and that's your only net worth, it's not a wise decision, some people are richer than that amount and so they can stake any amount that they can lose comfortably. Gamblers should just stake the amount they can lose.

There is not much difference between a rich and a poor gambler. Because a rich gambler may have more money but his luck may not be with him and a poor gambler may have less money but luck is with him and he may own big reward and a rich gambler may lose his wealth in winning. If the poor gambler manages his gambling within his means then there is no chance of him having a gambling problem. If rich and poor gamblers gambled in proportion, then the only difference between rich and poor gamblers would be money, otherwise everything would be the same. While I favor the rich when it comes to gambling, there is no guarantee that the rich can lose more from gambling than the poor. And when the gambling is managed keeping the ratio perfectly then the amount of risk will be equal as the ratio.

Like I said before now, between rich and poor gambler, no body is given a high priority of winning over the other. They both usually have a share of just same luck that is released by the casino. It takes the lucky one to bet at the right time and if he bet with a huge amount, that means they will earn huge profit. So, if it's a poor gambler that staked a huge amount at the lucky hour, they can win a huge amount. If it's also the rich guy that stake a huge amount at the lucky minute, they will as well win a huge amount. The difference between those categories of gamblers is that first has lot of money to keep gambling with it while the later has small amount.

But some persons might argue differently saying that the rich gamblers actually have the advantage of getting a better chance of winning by simply multiplying the staking power and reducing the odd selection although this method is actually certain but a lot of gamblers that I have come across have argued in favor of this technique actually working for them but if you ask me I would say it's still all same one luck because no matter how the odd is small it doesn't certified it's sure.

[l3pox]

There are many rich people who gamble for fun so you can't compare poor people with them even if you want to. But gambling is dangerous for those who don't have enough money in their pocket to manage their life so i think poor people should not take too much risk in gambling. But there are many poor people who are drunk and bet big money because of the addiction of getting rich but there are very few people who can win this bet and become rich. Also we can't change luck ourselves but in my opinion when you lose repeatedly after trying a few times it's best to stop gambling. A rich man has a high percentage of money so he can bet again even after losing repeatedly and has enough money in his bank for that.

thinking about it now but probably there's way more hope than fun among poor people who gamble
while for rich people there's seeking for novelty and fun, maybe even some despair and lack of purpose

now here's an interesting thing to study and to statistical research

[Mr. Magkaisa]

~snip~
If you know when to stop and control emotions then it is highly possible to make money from gambling though there is still a risk of losing funds. At the same time it is true that there is no limit of the fund how much you will invest on gambling all the funds might be loss on gambling.

That's actually the key to be a successful human being, in every aspect.

If you know when to stop and change your behavior then you most probably will end up with a better outcome overall.

This is also true in gambling as you mention, as most people that end up in financial ruin are the ones that can't do that basically.

       -     I also agree with what you're saying, mate; it's just that the reality of what's still happening today is that there are still many gamblers who are careless as scammers in a casino, especially among other gamblers who think gambling is a job. because, until now, I still don't understand how they still think it's a job when most of the time the majority of gamblers actually lose at the casino.

Or maybe they have been blinded by the wrong mindset or belief that has been planted in their mind because of the addiction that has formed in their personality, so they always think about it?