Rich or poor gambler, who should risk more?

[Toro iskandar]

Or maybe it’s easier for the rich to take risks in gambling?
Still, they know that they still have plenty of money, and they don’t have to think about what he will eat tomorrow. There is plenty of money in the bank and investments, so you can take more risks. And the poor man can’t even concentrate on the game, because he is constantly thinking about how he will live on in the future.  
Of course, sometimes the poor may believe that loans will not allow them to slide into complete poverty, but loans are immediate help, which will later make the situation even worse.

True, and in my opinion, it is indeed rich people who dare to take big risks from the consequences of gambling because they are supported by having a lot of money so that they are easy to do all actions without thinking long first, the most important thing is that they can play gambling and there are also those who are entertained by losing later.
The factor of having a lot of money is very supportive in carrying out gambling activities and the real point is that if such thoughts and behaviors are continued for a long time, then they will feel bored and maybe they often lose their money is getting thinner, so what they will get is still regret.

[madnessteat]

^

As I have repeatedly said if a person has a lot of money, then for him to enjoy gambling he needs to make higher stakes compared to the poor gambler otherwise he will lack emotion. It follows that the risks of rich and poor gamblers are roughly commensurate. The final risks depend on the actions of each individual gambler and his strategy, not their bankroll. That is why I believe that there is no point in this argument.

[Rampagoe004]

^

As I have repeatedly said if a person has a lot of money, then for him to enjoy gambling he needs to make higher stakes compared to the poor gambler otherwise he will lack emotion. It follows that the risks of rich and poor gamblers are roughly commensurate. The final risks depend on the actions of each individual gambler and his strategy, not their bankroll. That is why I believe that there is no point in this argument.

If you calculate the betting percentage I think it will be worth it. If poor people risk 10% of their money so they can enjoy gambling then so do rich people. But what I think is that there is still a psychological difference between rich people who gamble and poor people who gamble. I mean a poor person would only be willing to bet 10 or 100 dollars and that would probably already cost him a few percent of his salary. But a rich person, with a million dollar fortune can still bet a few thousand dollars and still enjoy it.

I think wealth value can also have an influence. This is the same as someone trading crypto. When someone who invests 100 thousand dollars gets a 10% profit, he can buy some of the latest iPhones. But if a poor person makes a 10% profit from 100 or 1000 dollars, he will only get enough money to buy a cheap smartphone. I think what you can get will make an impact. Just like gambling. How much you get can also have an influence on your emotions.

But I think this will be very relative. I agree with you that both rich and poor gamblers will basically spend their money on gambling. Rich people may spend more but in fact if rich and poor gamblers have the same mentality, they actually spend the same amount of their wealth. That is my personal opinion. Correct me if I'm wrong.

[Blitzboy]

Yeah either rich or poor Risk should be taken with caution, because gambling is fill with alot of risks because in gambling either one win or lose , so gambling can make one life change for the better by hitting a huge jackpot and at the same time can ruin ones lives when approached wrongly. That's why is good to have good self-control to avoid being a victim of such . Because not all Risk worth taken so either you are rich or poor you should always gamble wisely and responsibly.

Financial status should be something personal and not a consideration for gambling. If you are poor, you know very well that you are not fit do financially and you will do things according to what you can afford to lose to gambling and the same goes with a person thag has much money, he knows his limit no matter the level of his richness. There is no how a person will be rich and a particular amount will leave his pocket and he will say he or she didn't feel it, it's not possible unless the gambler is into illegal means of making money.

Whether rich or poor, just put what you know your limit is about and what you know you can afford to lose, it's a simple as that but the poor will want to become the rich over night and that's the nemesis of gambling addiction often cause by consistent losses that you can't make back. This is why it's advisable to gamble with the amount you can afford to lose.

This whole concept that, when you bet, money doesnt really matter? That is disinformation. Its a mindset of a loser. Whether they are betting on real estate, equities, or horses, winners are adept at handling their money. Like any other leisure activity, like a night out in Vegas, gambling is You wouldnt spend the college money of your children on a steak meal, right? Why therefore should one do it at the roulette table? Tell your limitations, people. Bet not what you cannot afford to lose. Im not say stop gambling. The excitement of a decent gamble is great. Still, I am smart about it. I am in control. And I always prevail at last. You see, its not about the daily win or loss value. Its concerning the long run.

[bangjoe]

^

As I have repeatedly said if a person has a lot of money, then for him to enjoy gambling he needs to make higher stakes compared to the poor gambler otherwise he will lack emotion. It follows that the risks of rich and poor gamblers are roughly commensurate. The final risks depend on the actions of each individual gambler and his strategy, not their bankroll. That is why I believe that there is no point in this argument.

Speaking of risk, in my opinion, it is relative to the percentage of money spent from the ownership of money, not to the size of the money spent on gambling.
If the poor person only has or earns $200 per month and the rich person can earn $10,000 then when the poor person spends $100 on gambling, and the rich person with that income uses $1000 to gamble then according to my calculator the person who takes the biggest possible risk is the poor person.

I agree with what you said, and after all why take a big risk, when we can minimize the risk, this thread seems to pressure someone to spend more money.

[Baki202]

True, and in my opinion, it is indeed rich people who dare to take big risks from the consequences of gambling because they are supported by having a lot of money so that they are easy to do all actions without thinking long first, the most important thing is that they can play gambling and there are also those who are entertained by losing later.
The factor of having a lot of money is very supportive in carrying out gambling activities and the real point is that if such thoughts and behaviors are continued for a long time, then they will feel bored and maybe they often lose their money is getting thinner, so what they will get is still regret.

Poor people will also take risk because the same way money is important for the poor it is also important for the rich, and the challenge now is both will lose money when you don't win no one is left out if you don't win you wont get a refund, the difference is just that the rich wont struggle even if they gamble, unlike the poor that is always overwhelmed by bills and financial  challenges and if it is about gambling decision poor people are worst because they are more reckless because they don't have any financial discipline. and the rich can easily quite and they will have money to invest  the poor will give more attention to gambling to see if they will get lucky. and the thing is that i feel risk is even personal because their are people with money that are scared of losing money, but having the knowledge on finance then it will be very easy to manage money.

[madnessteat]

^

As I have repeatedly said if a person has a lot of money, then for him to enjoy gambling he needs to make higher stakes compared to the poor gambler otherwise he will lack emotion. It follows that the risks of rich and poor gamblers are roughly commensurate. The final risks depend on the actions of each individual gambler and his strategy, not their bankroll. That is why I believe that there is no point in this argument.

If you calculate the betting percentage I think it will be worth it. If poor people risk 10% of their money so they can enjoy gambling then so do rich people. But what I think is that there is still a psychological difference between rich people who gamble and poor people who gamble. I mean a poor person would only be willing to bet 10 or 100 dollars and that would probably already cost him a few percent of his salary. But a rich person, with a million dollar fortune can still bet a few thousand dollars and still enjoy it.

I think wealth value can also have an influence. This is the same as someone trading crypto. When someone who invests 100 thousand dollars gets a 10% profit, he can buy some of the latest iPhones. But if a poor person makes a 10% profit from 100 or 1000 dollars, he will only get enough money to buy a cheap smartphone. I think what you can get will make an impact. Just like gambling. How much you get can also have an influence on your emotions.

But I think this will be very relative. I agree with you that both rich and poor gamblers will basically spend their money on gambling. Rich people may spend more but in fact if rich and poor gamblers have the same mentality, they actually spend the same amount of their wealth. That is my personal opinion. Correct me if I'm wrong.

You have to take into account the fact that a person who earns more money has greater needs, which means he spends more money - at the store, on utilities, on car maintenance, etc. I am sure that if a poor gambler puts $100 on the line it will be very risky for him. A millionaire putting the same $100 on the line will not experience any emotions, because for him it will not be risky.

In my opinion, the risks will be commensurate if both gamblers will put on the line the same percentage of all savings. Otherwise, there is simply no point in considering these cases.

[Dewi Aries]

If you calculate the betting percentage I think it will be worth it. If poor people risk 10% of their money so they can enjoy gambling then so do rich people. But what I think is that there is still a psychological difference between rich people who gamble and poor people who gamble. I mean a poor person would only be willing to bet 10 or 100 dollars and that would probably already cost him a few percent of his salary. But a rich person, with a million dollar fortune can still bet a few thousand dollars and still enjoy it.

I think wealth value can also have an influence. This is the same as someone trading crypto. When someone who invests 100 thousand dollars gets a 10% profit, he can buy some of the latest iPhones. But if a poor person makes a 10% profit from 100 or 1000 dollars, he will only get enough money to buy a cheap smartphone. I think what you can get will make an impact. Just like gambling. How much you get can also have an influence on your emotions.

But I think this will be very relative. I agree with you that both rich and poor gamblers will basically spend their money on gambling. Rich people may spend more but in fact if rich and poor gamblers have the same mentality, they actually spend the same amount of their wealth. That is my personal opinion. Correct me if I'm wrong.

You have to take into account the fact that a person who earns more money has greater needs, which means he spends more money - at the store, on utilities, on car maintenance, etc. I am sure that if a poor gambler puts $100 on the line it will be very risky for him. A millionaire putting the same $100 on the line will not experience any emotions, because for him it will not be risky.

In my opinion, the risks will be commensurate if both gamblers will put on the line the same percentage of all savings. Otherwise, there is simply no point in considering these cases.

That's right, and it means there is a difference in the level of risk between rich gamblers and poor gamblers, your analogy is correct and maybe I would add a little that for a poor person the amount of $100 might be enough to meet his living expenses for a few days or even a week, but for a rich person maybe that's enough. is an insignificant amount.

I think from this we can draw the conclusion that the difference between these two people is only in terms of financial situation, but if they both put the entire amount of money or 100% of all the total money they have then of course the risks and worries will definitely be the same, meaning whoever it is should not bet an amount that exceeds their limits regardless of whether they are rich or poor.

[LUCKMCFLY]

that's true
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though

It's very true what you say, at first I was embarrassed by my results, how could I share something like that? Experience is what makes us wiser, and obviously as we are looking for new horizons and new ways to make profits, we update ourselves, whether in strategies or new ways to bet to get more profits, that is what we are looking for.

But in itself, games of chance, sports betting are ways for us to show that we can try some luck and know how much or how much we should risk.

[hedgeh0g]

If you calculate the betting percentage I think it will be worth it. If poor people risk 10% of their money so they can enjoy gambling then so do rich people. But what I think is that there is still a psychological difference between rich people who gamble and poor people who gamble. I mean a poor person would only be willing to bet 10 or 100 dollars and that would probably already cost him a few percent of his salary. But a rich person, with a million dollar fortune can still bet a few thousand dollars and still enjoy it.

I think wealth value can also have an influence. This is the same as someone trading crypto. When someone who invests 100 thousand dollars gets a 10% profit, he can buy some of the latest iPhones. But if a poor person makes a 10% profit from 100 or 1000 dollars, he will only get enough money to buy a cheap smartphone. I think what you can get will make an impact. Just like gambling. How much you get can also have an influence on your emotions.

But I think this will be very relative. I agree with you that both rich and poor gamblers will basically spend their money on gambling. Rich people may spend more but in fact if rich and poor gamblers have the same mentality, they actually spend the same amount of their wealth. That is my personal opinion. Correct me if I'm wrong.

You have to take into account the fact that a person who earns more money has greater needs, which means he spends more money - at the store, on utilities, on car maintenance, etc. I am sure that if a poor gambler puts $100 on the line it will be very risky for him. A millionaire putting the same $100 on the line will not experience any emotions, because for him it will not be risky.

In my opinion, the risks will be commensurate if both gamblers will put on the line the same percentage of all savings. Otherwise, there is simply no point in considering these cases.

That's right, and it means there is a difference in the level of risk between rich gamblers and poor gamblers, your analogy is correct and maybe I would add a little that for a poor person the amount of $100 might be enough to meet his living expenses for a few days or even a week, but for a rich person maybe that's enough. is an insignificant amount.

I think from this we can draw the conclusion that the difference between these two people is only in terms of financial situation, but if they both put the entire amount of money or 100% of all the total money they have then of course the risks and worries will definitely be the same, meaning whoever it is should not bet an amount that exceeds their limits regardless of whether they are rich or poor.

And even if we take a poor and a rich player and if they bet, as you say, 100% of their money, then of course it will not be right, but what is important is that with a high degree of probability the rich will be able to reach their heights again. Perhaps this will require a lot or a little time depending on the field in which this person worked, but I am almost sure that his brain thinks differently and knows how to build business flows or invest or something like that. If you look at it from the other side, then the poor player can also get his salary again in a month and find himself in the same starting position as before the loss, it will just take less time than the rich person. Therefore, if we take it as a whole, I do not see too much difference in the differences between the poor and rich players and their maximum risks.

[shasan]

I don't wants to takes a loan for playing gambling because I knows the risks behinds taking a loan. I may takes a loan if I have an urgent needs while I don't have money to covers that but I will not use it for playing gambling. That will be a stupid thing for me if I do that because I will gets in trouble and I also difficult to repay the money.

Your plan is so good that you will not take a loan for gambling. It is good that if you take a loan and lose that on gambling then it might be a great problem. Here in the bitcoin talk forum if you can't repay then you have to lose your account by getting negative trust as well as by getting flagged. I think no one should use any funds on gambling which can't be afforded if lose.

[ethereumhunter]

Your plan is so good that you will not take a loan for gambling. It is good that if you take a loan and lose that on gambling then it might be a great problem. Here in the bitcoin talk forum if you can't repay then you have to lose your account by getting negative trust as well as by getting flagged. I think no one should use any funds on gambling which can't be afforded if lose.

If I have to take a loan, that is because I have some important thing that I must fills that I can't do with my money. I have an experienced taking a loan from my brother in the past but that is because I don't have any money to buy some food for my family. And after I have my payment, I repay that money to my brother. I realizes that if I take a loan just to playing gambling, that can makes me in trouble because playing gambling can cause me lose that money and I will difficult to repay the money.

That's why I don't have to take a loan to playing gambling. I consider that playing gambling is just for fun and not have to use the loan money. That is just to prevents me from the trouble that I don't wants to see. Those who wants to take a loan for gambling must thinks twice for the effect to them and it is better not to take the risks that we thinks we can't take it.

[l3pox]

I don't wants to takes a loan for playing gambling because I knows the risks behinds taking a loan. I may takes a loan if I have an urgent needs while I don't have money to covers that but I will not use it for playing gambling. That will be a stupid thing for me if I do that because I will gets in trouble and I also difficult to repay the money.

Your plan is so good that you will not take a loan for gambling. It is good that if you take a loan and lose that on gambling then it might be a great problem. Here in the bitcoin talk forum if you can't repay then you have to lose your account by getting negative trust as well as by getting flagged. I think no one should use any funds on gambling which can't be afforded if lose.

taking a loan for gambling most of the times will be a stupid decision
you'll see some people that will succeed with that but many will fail and you'll never hear about them again
bottom line: don't do it, it's not worth the risk.

[DaNNy001]

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

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

Even the poor has the capability of gambling with a certain amount of money, as we know, gambling has unexpected outcomes.... it's very important for everyone to have limits thy don't exceed in gambling no matter what this includes both the rich and the poor, saying that the poor shouldn't gamble isn't an agreeable fact...They see lots of poor people in Nigeria that have won millions with less than a dollar, that was only possible because they decided to gamble, waiting till you accumulate wealth is wise but that doesn't mean you'll be I'm constant luck, in most cases a lot of rich people tend to get carried away by their wealth and gamble wrecklessly till it affects them financially

[Bitcoin_people]

We know most of the time that the poor mainly gamble to change the financial position and they take such risks. But most of the time they don't win in gambling but the number of losses is high, and when the poor lose, it takes a lot of time and effort to re-invest their money later. But when a rich person deposits money into his account for gambling, if he loses, he will not suffer any major loss but will be able to re-deposit the money later. Rich people always gamble for fun because when they lose money they don't really get upset but they just start gambling again and again. But it is not possible for a poor person to do that rather they lose their money and then it takes a long time to accumulate the money and they are very broke. And collecting money is very challenging for the poor but not at all challenging for the rich because the rich can collect their money very easily. That's why I think that although the poor are mostly not ready to take risks, the rich are always ready to take big risks and they can often win big bets by gambling.

[betswift]

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

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

Even the poor has the capability of gambling with a certain amount of money, as we know, gambling has unexpected outcomes.... it's very important for everyone to have limits thy don't exceed in gambling no matter what this includes both the rich and the poor, saying that the poor shouldn't gamble isn't an agreeable fact...They see lots of poor people in Nigeria that have won millions with less than a dollar, that was only possible because they decided to gamble, waiting till you accumulate wealth is wise but that doesn't mean you'll be I'm constant luck, in most cases a lot of rich people tend to get carried away by their wealth and gamble wrecklessly till it affects them financially

Discipline and self-control are keys to success, and I agree that a poor man should worry more about his physical well-being first, only then he should go out of his way for some entertainment and things like that, hobbies on which he could spend some money and have fun.

[nullama]

We know most of the time that the poor mainly gamble to change the financial position and they take such risks. But most of the time they don't win in gambling but the number of losses is high, and when the poor lose, it takes a lot of time and effort to re-invest their money later. But when a rich person deposits money into his account for gambling, if he loses, he will not suffer any major loss but will be able to re-deposit the money later. Rich people always gamble for fun because when they lose money they don't really get upset but they just start gambling again and again. But it is not possible for a poor person to do that rather they lose their money and then it takes a long time to accumulate the money and they are very broke. And collecting money is very challenging for the poor but not at all challenging for the rich because the rich can collect their money very easily. That's why I think that although the poor are mostly not ready to take risks, the rich are always ready to take big risks and they can often win big bets by gambling.

That's not always the case, rich people can easily start gambling more and more money, specially if it is not theirs.

We have seem many cases of people involved in Crypto companies that start gambling with their clients money, and end up losing millions of dollars.

So, at the end of the day the rich has more buffer, but they can easily spend it all as well as the poor.

[nara1892]

We know most of the time that the poor mainly gamble to change the financial position and they take such risks. But most of the time they don't win in gambling but the number of losses is high, and when the poor lose, it takes a lot of time and effort to re-invest their money later. But when a rich person deposits money into his account for gambling, if he loses, he will not suffer any major loss but will be able to re-deposit the money later. Rich people always gamble for fun because when they lose money they don't really get upset but they just start gambling again and again. But it is not possible for a poor person to do that rather they lose their money and then it takes a long time to accumulate the money and they are very broke. And collecting money is very challenging for the poor but not at all challenging for the rich because the rich can collect their money very easily. That's why I think that although the poor are mostly not ready to take risks, the rich are always ready to take big risks and they can often win big bets by gambling.

anyone is not advised to take greater risks unless they are ready to lose or lose some money. besides that we should indeed be able to gamble with the money allocated for gambling that has been willing to be lost, because the rich or the poor are the same, they have a greater chance of losing or losing than the chance of winning so there is no difference in that case, maybe those who take greater risks can be seen from their thinking because with those who are rich or poor can have the same thinking in terms of gambling.

with what you said that rich people are more ready to take greater risks I think it's because they have quite a lot of money, so even though they lose the money they bet they still have enough spare money to survive. because when poor people gamble they tend to really hope that the gambling they do can result in a big win because most likely their goal in gambling is entirely to get a big win or profit.

[l3pox]

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

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

Even the poor has the capability of gambling with a certain amount of money, as we know, gambling has unexpected outcomes.... it's very important for everyone to have limits thy don't exceed in gambling no matter what this includes both the rich and the poor, saying that the poor shouldn't gamble isn't an agreeable fact...They see lots of poor people in Nigeria that have won millions with less than a dollar, that was only possible because they decided to gamble, waiting till you accumulate wealth is wise but that doesn't mean you'll be I'm constant luck, in most cases a lot of rich people tend to get carried away by their wealth and gamble wrecklessly till it affects them financially

Discipline and self-control are keys to success, and I agree that a poor man should worry more about his physical well-being first, only then he should go out of his way for some entertainment and things like that, hobbies on which he could spend some money and have fun.

this! and knowing some basic math to do a good bankroll management
but tbh here it is probably better to gamble on things that have an asymetric risk reward (with more potential reward of course) and these are not found in casinos
at least not often.

[Accardo]

that's true
also because sharing losses is harder and it makes us feel ashamed
I agree that given a long enough time frame the money flows to the casino pocket and gamblers exit poor, unless they decide to leave when they're up
easier said than done, though

It's very true what you say, at first I was embarrassed by my results, how could I share something like that? Experience is what makes us wiser, and obviously as we are looking for new horizons and new ways to make profits, we update ourselves, whether in strategies or new ways to bet to get more profits, that is what we are looking for.

But in itself, games of chance, sports betting are ways for us to show that we can try some luck and know how much or how much we should risk.

I've seen in a betting shop where a player angrily threw away all his slips on the floor; he lost that day. It's annoying but nothing to be ashamed of; the results don't require any skill. So, why should a player feel ashamed for losing a bet? The experience, as you said, LUCKMCFLY, usually gets challenging when we are in the game. Especially in games like slots, which consume brain power, a player can forget all his experience. In this context, an experienced player can feel ashamed for letting himself exceed his limit.