Rich or poor gambler, who should risk more?

[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?

[l3pox]

~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?

there are scammers everywhere nowadays
blame the high cost of living, the move to digital where it is easier to be anonymous and the lower ethical level
I'd love it to be different but unfortunately it is not.

maybe we'll see it changing at some point

[hyudien]

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.

Indeed, our own behavior determines the future, if we cannot control ourselves well, such as the emotions that control the course of gambling, there is a big possibility that gambling will only be carried out brutally, with us continuing to put money in again and again even though we have experienced consecutive losses. makes us lose a lot of money but we don't care about it because the ineradicable feeling of wanting to win makes us unable to stop gambling.
We must be able to put aside our egos by winning at gambling. Winning is definitely desired by everyone who gambles, but not everyone can get that win, even if those who are rich put in large amounts of money, even that doesn't guarantee that they will be able to win for sure. . It's the same for rich or poor gamblers, if they can't control themselves they can gamble at great risk.

[junder]

      -     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?

I think those who consider gambling as their main job or income are because there is a chance of winning, even though if we examine it, winning at gambling is not certain and I think it depends on our own luck which will determine it. but the mistake is that they think that they can win for sure. In fact, positive thinking is good but it must be within reasonable limits too. In gambling, if they think they can win for sure, it can actually cause them harm. those who consider gambling as a job will not be calm in their daily lives, because they will feel restless when they want to gamble but don't have enough money and in that situation I think they can do anything that can make money, whether it's borrowing or selling the property they own. .

Apart from that, if they think that they can make money by gambling, of course they will become chronic addicts, it will be difficult for them to get out, even though they will get a lot of advice from other people, including those closest to them. Rich and poor gamblers alike can take big risks if they have the wrong opinion about gambling, also with their mindset which thinks that winning at gambling can be achieved for sure and if it sticks then they will definitely become addicted to gambling and will continue to gamble, sadly. they can ignore other things because they only focus on gambling which is what they want.

[sompitonov]

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.

I also think that there is also a difference in that poor players want to win money very much, because it is not available to them and are capable of more aggressive bets without following money management. While rich players do not feel any urgent need to win, they do it primarily to entertain themselves and play with their nerves and adrenaline. They may not get such emotions anywhere, be it an extreme sport or something else. Rich people are more likely to control themselves than poor people, but this does not mean that they can lose everything, so none of them should forget to be careful.

[TopTort777]

But I think that poor and rich get identically excited when they win. The only difference is in their session duration. They risk identically as odds are the same, get identical amount of fun, but when poor looses his budget, rich can continue gambling. That is the trick of gambling, it must be identical for everyone. Everyone only gamble with the amount they can afford.

[nullama]

But I think that poor and rich get identically excited when they win. The only difference is in their session duration. They risk identically as odds are the same, get identical amount of fun, but when poor looses his budget, rich can continue gambling. That is the trick of gambling, it must be identical for everyone. Everyone only gamble with the amount they can afford.

Even though the rich person might have a budget of 100X the budget of a poor person, if they bet in that same proportion, then both rich and poor will end up broke at the same time.

They have the same odds, so they will end up in the same place in the end.

Of course if the rich person bets the same amount as the poor person, the rich person can continue gambling after they lost the same amount, but that's not a fair comparison.

[bubilas]

I also think that there is also a difference in that poor players want to win money very much, because it is not available to them and are capable of more aggressive bets without following money management. While rich players do not feel any urgent need to win, they do it primarily to entertain themselves and play with their nerves and adrenaline. They may not get such emotions anywhere, be it an extreme sport or something else. Rich people are more likely to control themselves than poor people, but this does not mean that they can lose everything, so none of them should forget to be careful.

It’s true, because we are all human and the poor want to change their lives and they cannot do this in ordinary everyday work. And so the poor can only count on the fact that their life change will come through the jackpot in the casino. But unfortunately, most of them, on the contrary, will lose in the casino, and this is such a statistic.

[laijsica]

I also think that there is also a difference in that poor players want to win money very much, because it is not available to them and are capable of more aggressive bets without following money management. While rich players do not feel any urgent need to win, they do it primarily to entertain themselves and play with their nerves and adrenaline. They may not get such emotions anywhere, be it an extreme sport or something else. Rich people are more likely to control themselves than poor people, but this does not mean that they can lose everything, so none of them should forget to be careful.

It’s true, because we are all human and the poor want to change their lives and they cannot do this in ordinary everyday work. And so the poor can only count on the fact that their life change will come through the jackpot in the casino. But unfortunately, most of them, on the contrary, will lose in the casino, and this is such a statistic.

Gambling is considered a nightmare for them to eradicate poverty. Casino and gambling are much easier for the affluent and fairly well to do because they have extra spendable money that they set aside for gambling. If one continues to look for the jackpot to escape from poverty, it is mostly unsuccessful. Gambling can be positive for someone only when he allocates a portion of his disposable income for his own mental satisfaction or hobbies. Through this he himself may suffer financial loss or gain profit which is not a hindrance in leading a normal life.

[ethereumhunter]

Gambling is considered a nightmare for them to eradicate poverty. Casino and gambling are much easier for the affluent and fairly well to do because they have extra spendable money that they set aside for gambling. If one continues to look for the jackpot to escape from poverty, it is mostly unsuccessful. Gambling can be positive for someone only when he allocates a portion of his disposable income for his own mental satisfaction or hobbies. Through this he himself may suffer financial loss or gain profit which is not a hindrance in leading a normal life.

A nightmare for both rich and poor gamblers when they can't control themselves in gambling. Maybe rich gambler have extra spendable money but that's not guarantee they will not lose all of their money in gambling because they thinks that they can playing gambling longer than other people or use more money. That will makes them gets a big risks when playing gambling because they can lose anytime in any amounts of money.

Risks of playing gambling will be there, no matters if you are a rich or poor gamblers. The only thing you can do is just prevents the risks is not too bigger which mean you must prevents the big lose. If you can take care of yourself, you will be fine playing gambling and will not risks too much money because you knows that will gives you big risks. You don't wants to suffer financial loss in gambling so you will ensure that you only use the money you can afford to lose.

[Ruttoshi]

~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.

A rich or poor gambler will run at loss if they are gambling to make profit and no one is exempt from losses. The difference is that a poor man will lose the little that he has and get broke while the rich man will lose all he has and get broke because they wager with different amount.

Most times people wins around us can trigger us to increase our gambling activities when we think more of profit when gambling but it should not be so because everyone has his own lucky day and winning is not by increasing our bets or spending more time in the casino. This is why one need to gamble responsible because all gamblers are prone to losses.

[TopTort777]

A rich or poor gambler will run at loss if they are gambling to make profit and no one is exempt from losses. The difference is that a poor man will lose the little that he has and get broke while the rich man will lose all he has and get broke because they wager with different amount.

I think you underestimate people. Not every gambler is so dumb and desperate in wish to win huge. Both poor and rich wont bet their last money. Or I dont believe that poor man is in such a need of money, that he would gamble with his last one. I believe (maybe I just have a huge hope in people) that both of them are smart gamblers. As to stupid, reckless and addictive gamblers - those people dont have nationalities, nor they can be divided by their wealth.

[junder]

A rich or poor gambler will run at loss if they are gambling to make profit and no one is exempt from losses. The difference is that a poor man will lose the little that he has and get broke while the rich man will lose all he has and get broke because they wager with different amount.

I think you underestimate people. Not every gambler is so dumb and desperate in wish to win huge. Both poor and rich wont bet their last money. Or I dont believe that poor man is in such a need of money, that he would gamble with his last one. I believe (maybe I just have a huge hope in people) that both of them are smart gamblers. As to stupid, reckless and addictive gamblers - those people dont have nationalities, nor they can be divided by their wealth.

of the many people who gamble, of course not everyone is the same in their perceptions or goals for gambling. Apart from that, it is the same as the decision they will make, of course not everyone will risk the last money they have. I agree with this, because not everyone is obsessed with winning at gambling. There are people who can control themselves well, including their perception and the aim of gambling is not to aim for big wins but to have fun. Also, not all poor people when they need money make the decision to gamble to double the money they have, of course they will think twice about doing that, especially if they don't have confidence in gambling.

In my opinion, there is no definite comparison between rich people and poor people who take bigger risks, if they both have wrong thoughts and mindsets as well as perceptions of gambling, then both of them can take bigger risks. I'm sure this can be differentiated by looking at their behavioral responses and perceptions of gambling in their minds, because that is what will determine what kind of gambling they do.

[Dr.Bitcoin_Strange]

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.

Well, yea I agree. Gambling is what it is. While that strategy might work most of the time, which I have also experienced it, but it doesn't work all the time that we think it's going to go just as we've predicted it would. Also the strategy doesn't just work for one person, it works for lot of experienced gamblers, both rich and poor.

[l3pox]

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.

Indeed, our own behavior determines the future, if we cannot control ourselves well, such as the emotions that control the course of gambling, there is a big possibility that gambling will only be carried out brutally, with us continuing to put money in again and again even though we have experienced consecutive losses. makes us lose a lot of money but we don't care about it because the ineradicable feeling of wanting to win makes us unable to stop gambling.
We must be able to put aside our egos by winning at gambling. Winning is definitely desired by everyone who gambles, but not everyone can get that win, even if those who are rich put in large amounts of money, even that doesn't guarantee that they will be able to win for sure. . It's the same for rich or poor gamblers, if they can't control themselves they can gamble at great risk.

sometimes this makes me think about free will and if our decisions are determined or not
guys like Sapolsky will say it's all determined by genetics
I like to think that it is something in between, a little bit genetics and a little bit behavior, what do you think?

[Wakate]

A rich or poor gambler will run at loss if they are gambling to make profit and no one is exempt from losses. The difference is that a poor man will lose the little that he has and get broke while the rich man will lose all he has and get broke because they wager with different amount.

I think you underestimate people. Not every gambler is so dumb and desperate in wish to win huge. Both poor and rich wont bet their last money. Or I dont believe that poor man is in such a need of money, that he would gamble with his last one. I believe (maybe I just have a huge hope in people) that both of them are smart gamblers. As to stupid, reckless and addictive gamblers - those people dont have nationalities, nor they can be divided by their wealth.

Since we all have different taste when it comes to gambling, we can always ay based on our urge and interest to make quick money. Gambling is quite profitable but not to everybody which is why whether we are rich or not,we don't bet in the same way or pattern. Our love to bet and make money is quite different just like every other person. The most important thing we need to do is to make sure we regulate the way we gamble and stay disciplined so we don't have to end up losing after our greed and urge to make quick money from gambling which is obvious that the money we intend to make is someone else lost fund.

[stomachgrowls]

A rich or poor gambler will run at loss if they are gambling to make profit and no one is exempt from losses. The difference is that a poor man will lose the little that he has and get broke while the rich man will lose all he has and get broke because they wager with different amount.

I think you underestimate people. Not every gambler is so dumb and desperate in wish to win huge. Both poor and rich wont bet their last money. Or I dont believe that poor man is in such a need of money, that he would gamble with his last one. I believe (maybe I just have a huge hope in people) that both of them are smart gamblers. As to stupid, reckless and addictive gamblers - those people dont have nationalities, nor they can be divided by their wealth.

Since we all have different taste when it comes to gambling, we can always ay based on our urge and interest to make quick money. Gambling is quite profitable but not to everybody which is why whether we are rich or not,we don't bet in the same way or pattern. Our love to bet and make money is quite different just like every other person. The most important thing we need to do is to make sure we regulate the way we gamble and stay disciplined so we don't have to end up losing after our greed and urge to make quick money from gambling which is obvious that the money we intend to make is someone else lost fund.

Not taste but different perceptions or views towards things on which it wont really be just that limited to gambling alone but also in other things as well. On the moment that you do make yourself that delusional
when it comes to gambling then it would really be giving out that kind of interest because money making with gambling is really that easy but of course it would really be also easy as well when it comes to loses and this is something that you should really be making yourself having that kind of realization, because on the time or moment that you do find yourself having that kind of approach then losing would really be that devastative
on which it doesnt matter whether you are rich or poor because both do really make use of the money that they do have. The only main difference on here is that you do have that more versatile position
when you are rich because you do have the money that you could really be that make use in compared into those people who are really just that poor or limited funds.

Its really that important that you should really be putting up limits or moderation on how much you would really be spending on gambling because on the time or moment that you would
go beyond these lines then it would really be that a solid indication that you are already addicted to it. This is why it would be depending into someones perceptions on things
and the actions that they are taking.

[sompitonov]

I also think that there is also a difference in that poor players want to win money very much, because it is not available to them and are capable of more aggressive bets without following money management. While rich players do not feel any urgent need to win, they do it primarily to entertain themselves and play with their nerves and adrenaline. They may not get such emotions anywhere, be it an extreme sport or something else. Rich people are more likely to control themselves than poor people, but this does not mean that they can lose everything, so none of them should forget to be careful.

It’s true, because we are all human and the poor want to change their lives and they cannot do this in ordinary everyday work. And so the poor can only count on the fact that their life change will come through the jackpot in the casino. But unfortunately, most of them, on the contrary, will lose in the casino, and this is such a statistic.

Gambling is considered a nightmare for them to eradicate poverty. Casino and gambling are much easier for the affluent and fairly well to do because they have extra spendable money that they set aside for gambling. If one continues to look for the jackpot to escape from poverty, it is mostly unsuccessful. Gambling can be positive for someone only when he allocates a portion of his disposable income for his own mental satisfaction or hobbies. Through this he himself may suffer financial loss or gain profit which is not a hindrance in leading a normal life.

I would like to give advice to those who want to spend more money on bets, this mainly concerns poor people. They should start by looking for higher earnings, although of course I understand that this is extremely difficult to do in the conditions in which they were unlucky to be born. But if their health allows them, then they can reach some heights and earn higher than those who are nearby. And only after the earnings have become decent, then you can start playing very carefully and only observing money management. In general, I would not advise those who are very poor to play at all, because I fear for them. But at the same time, I understand that this is a little entertainment that helps them feel excitement and turns them on.