Rich or poor gambler, who should risk more?

[betswift]

It is wrong to think that risk can be taken only by those who have a lot of money, but even those who are poor can risk a substantial amount of money. If you look at the past profiles of people who are very wealthy financially or who are very big businessmen, you will find that they were not in this position at one time, maybe at one time they took risks for the business in which they are now successful. 

Suppose a rich person has a net worth of $10 million but a poor person has a net worth of $1000. Now, if a poor person gambles with $100, on the other hand, if a rich person gambles with $10,000, but from a financial perspective, the poor person has risked more money than the rich person. In other words, the matter is such that every professional person can risk money.

You are right, but more often than not poor people are doing it because they want to get more money, pay their debts, buy themselves something good, etc., whereas the rich person does it just to have fun and as a hobby, to spend the evening well. I do believe there is a big difference between the two, in this case.

[GeorgeJohn]

Base on your question the rich should be the risk taker not the poor, because it's obvious that the rich has already made it and they want to accumulate more, so it's obvious that the process of accumulating more that means that they are taking rest, and primarily the rich people take more risk than the poor because they have the mentality of exploit while the poor doesn't have the mentality of exploit so therefore, we have to understand such and understand the basics things  of it,

So I know that gambling is all about things of the decision, the poor can not have such motive to stake a game with hundreds dollars [$100] because they know quite well that gambling is risk and they may likely losing their funds for gambling, but rich person will not hesitate to stake large amounts of funds.

[betswift]

Base on your question the rich should be the risk taker not the poor, because it's obvious that the rich has already made it and they want to accumulate more, so it's obvious that the process of accumulating more that means that they are taking rest, and primarily the rich people take more risk than the poor because they have the mentality of exploit while the poor doesn't have the mentality of exploit so therefore, we have to understand such and understand the basics things  of it,

So I know that gambling is all about things of the decision, the poor can not have such motive to stake a game with hundreds dollars [$100] because they know quite well that gambling is risk and they may likely losing their funds for gambling, but rich person will not hesitate to stake large amounts of funds.

That's what differentiates them. One plays to have fun, another - to change their lives. It's a bitter truth, but, sometimes those who lost more understand the rules of the game quite well and are more disciplined than those who just entered it (I mean, the rich). Thus, just by their sheer experience, they are able to spend their money smartly, whereas a rich man can not only allow himself to go into bigger spending but not improve upon it.

[GeorgeJohn]

That's what differentiates them. One plays to have fun, another - to change their lives. It's a bitter truth, but, sometimes those who lost more understand the rules of the game quite well and are more disciplined than those who just entered it (I mean, the rich). Thus, just by their sheer experience, they are able to spend their money smartly, whereas a rich man can not only allow himself to go into bigger spending but not improve upon it.

The thing is that we need to understand the preamble of gambling, so I believe that gambling has to do with luck and anyone who doesn't understand gambling is the one that will have a mistake in gambling, for the aspect of the rich and poor person in gambling, I believe that gambling is poor do not gamble with strategies why the rich gamble with strategies and that's why we don't need to just go into gambling, you most know the outcome of gambling before you move on it from my perspective.

[Bd officer]

Actually gambling is for fun. In gambling you either win or lose, so don't risk gambling. Now if a poor man bets excessively on gambling, he may be left destitute if he loses. On the other hand, if a rich person bets on gambling, he may lose the bet and become poor. However, if you are lucky and win a lot of money in gambling, now greed will work in you, you will want to gamble again and you may become addicted to gambling. Now if you have enough income then you gamble for fun but don't take excessive risk in gambling.

[Adbitco]

Actually gambling is for fun. In gambling you either win or lose, so don't risk gambling. Now if a poor man bets excessively on gambling, he may be left destitute if he loses. On the other hand, if a rich person bets on gambling, he may lose the bet and become poor. However, if you are lucky and win a lot of money in gambling, now greed will work in you, you will want to gamble again and you may become addicted to gambling. Now if you have enough income then you gamble for fun but don't take excessive risk in gambling.

There is one thing I understand from gambling, you must take risk to gamble but the risk aspect is not what would makes someone lose focused because gambling is a game of risk. People risk money to get money meaning for one to become a gambler they must learn to use money for money otherwise it could be very hard but in a case were that person isn't willing to risk money then it could be hard for them to get money from gambling even if it's said gamble for fun and of course lots of people gamble to double their money.

[ethereumhunter]

Actually gambling is for fun. In gambling you either win or lose, so don't risk gambling. Now if a poor man bets excessively on gambling, he may be left destitute if he loses. On the other hand, if a rich person bets on gambling, he may lose the bet and become poor. However, if you are lucky and win a lot of money in gambling, now greed will work in you, you will want to gamble again and you may become addicted to gambling. Now if you have enough income then you gamble for fun but don't take excessive risk in gambling.

Yes, gambling is for fun and no matters if you are rich or poor gambler, you will still difficult to wins so you don't have to risk more when playing gambling. If we can prevents the risks not to big, we can reduce our losses and only use the money we can afford to lose. That will be better for us because we can also prevents the bad things that can occurs from gambling which is gambling addiction.

When we can have fun in gambling, we will not thinks to chase the win or recover our money because we know that is the risks to playing gambling and we will always prevents the big risks in gambling. We must remember that playing gambling doesn't have to take a loan to make us stay away from the problem. If we have an income, we must allocate some money that we can use to playing gambling but we must remember that we should playing gambling moderately.

[l3pox]

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. 

getting angry after losing is usually not the best reaction
you can't control everything that is outside of you but you can control your reactions or at least think before you act
acting on emotion only usually leads to a road of misery
but acting only on rationality too

[LUCKMCFLY]

an experienced player can feel ashamed for letting himself exceed his limit. 

Limits have a very broad context, for example, when we limit Ourselves it is bad, I would say it is harmful, but our limits are sometimes necessary because they are established by the sense of responsibility, but sometimes we have to take risks and go beyond our limits but not leaving aside our responsibility, and that is something that many people do not see or do not know how to handle, therefore when we are looking to go beyond our limits we should do it, but not before our responsibilities and leaving us without money to cover our Needs.

[Lanatsa]

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.  

getting angry after losing is usually not the best reaction
you can't control everything that is outside of you but you can control your reactions or at least think before you act
acting on emotion only usually leads to a road of misery
but acting only on rationality too

Get yourself that emotional and lost that control then pretty sure it would incure huge loses and this is something that must be avoided on the time that you would really be playing gambling.
If you are really just that making yourself having that kind of impulsive approach towards your gambling then it would really be bringing up that huge devastation into your finances.
Rich or poor it doesnt matter because losing would really be just that the same in terms of odds and chances but of course the money which is involved into those who had made out some
big stakes with those rich people are really that losing big time but same goes into those poor ones considering the amount that they could only afford.

This is why it is really that important that you should really be having that kind of realization that gambling isnt really that for making money but rather its something that for
making yourself that being making some huge disaster into your life. So better be realistic on how things should really be done.

[passwordnow]

Actually gambling is for fun. In gambling you either win or lose, so don't risk gambling. Now if a poor man bets excessively on gambling, he may be left destitute if he loses.

We hear and tell that a lot, that gambling should be done only for fun so that there won't be heart feelings on it whenever you are losing. But whenever you're winning, that's when you are gonna be proud of yourself because the emotion is high when that happens.

On the other hand, if a rich person bets on gambling, he may lose the bet and become poor. However, if you are lucky and win a lot of money in gambling, now greed will work in you, you will want to gamble again and you may become addicted to gambling. Now if you have enough income then you gamble for fun but don't take excessive risk in gambling.

Not that a rich person will become poor quickly. Although for some instances, there are real life scenarios that happens like that and we don't know how to describe that rich gambler that have turned into a poor gambler quickly. They have got all the money in life but they have spent it all in bets that have changed their lives forever. No matter how poor or rich you are, always live within your means and the same goes with your bets. You don't go and be all out with your bets if that's going to make you regret forever.

[EarnOnVictor]

That gambler that was angry with his losses and threw all his bet slips on the ground gambled with an amount of money that he cannot afford to lose maybe because he feels he is well experienced in the game. It is gambling and experience only have little to impact on winning the game that is why when gambling always consider your luck first, so that you will not go beyond your limit when you are losing.

I feel for this guy but at the same time, he must have learned a lesson, only that it was learned bitterly. Gambling is no respecter of your strategies or feelings at the time of engaging it, it can disappoint the surest gambling predictions no matter how high the chance of winning is. This is why we should always apply the factors of safety regardless of how desperate or greedy we are towards it.

However, the factor of safety starts with us gambling with the money we can afford to lose, and it narrows down to our budgets and the entire gambling management. Our psychology towards gambling matters too and this can be further helped if we face the reality of gambling from the beginning. I pity those who would just dabble into gambling without knowing the rudiments of it, or the pros/cons attached to it. Such as the case of this guy you narrated is always their fate.

[I_Anime]

an experienced player can feel ashamed for letting himself exceed his limit. 

Limits have a very broad context, for example, when we limit Ourselves it is bad, I would say it is harmful, but our limits are sometimes necessary because they are established by the sense of responsibility, but sometimes we have to take risks and go beyond our limits but not leaving aside our responsibility, and that is something that many people do not see or do not know how to handle, therefore when we are looking to go beyond our limits we should do it, but not before our responsibilities and leaving us without money to cover our Needs.

Well I get your point actually, but we should always be cautious of the risk we taken. Because most people do use that idea to encourage themselves to keep gambling irresponsibly, it the mindset of them pushing their limit In taken risk . Because if one continue in such manner he or she may only endup hindering their growth. That's why one should always gamble responsibly, so that he or she will be able to secure an healthy lifestyle while gambling.

[Dewi Aries]

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. 

getting angry after losing is usually not the best reaction
you can't control everything that is outside of you but you can control your reactions or at least think before you act
acting on emotion only usually leads to a road of misery
but acting only on rationality too

Maybe I would say that getting angry after losing is a loser's reaction, because after all, it is clear from the start that gambling is a risky activity that always refers to one of two possibilities at the end of the session between winning or losing, meaning you can win but you can also lose.
Thinking rationally before acting as you said should be an idea that must be prioritized so that it can become a habit every time we find new things in life, because by having this habit I think it is clear that anyone will not easily fall into all the bad impacts, especially in gambling.
By having the habit of using a rational mindset at the right time, I am sure you will not easily experience emotions when things do not go according to expectations, for example in gambling, because from the start you must have known that gambling is risky and losing is a definite part of what happens, or maybe I would also say that gamblers who are unable to accept the fact of a losing situation are those who at the beginning of their involvement did not know that losing was part of the game.

[Docnaster]

That gambler that was angry with his losses and threw all his bet slips on the ground gambled with an amount of money that he cannot afford to lose maybe because he feels he is well experienced in the game. It is gambling and experience only have little to impact on winning the game that is why when gambling always consider your luck first, so that you will not go beyond your limit when you are losing.

I understand the frustration that comes with losing your money so I can relate the gambler who annoyingly threw all his bets slips away. As a gambler, I've had such experience on many occasions and I grew to handle the pain that comes from losing. It's advised that every gambler should learn how to gamble within a specified amount they can be able to incure the loss in the case of losing their bets. Gambling is a game of luck and at such, there's no guarantee that a gambler is going to win his gambles at the end of the day so it's good to be very careful and conscious of any gambling decisions you make as a gambler in other to avoid bitter regrets.

[LDL]

Actually gambling is for fun. In gambling you either win or lose, so don't risk gambling. Now if a poor man bets excessively on gambling, he may be left destitute if he loses. On the other hand, if a rich person bets on gambling, he may lose the bet and become poor. However, if you are lucky and win a lot of money in gambling, now greed will work in you, you will want to gamble again and you may become addicted to gambling. Now if you have enough income then you gamble for fun but don't take excessive risk in gambling.

Whether rich or poor, their risk will depend on the size of the bet. If a poor gambler bets a very small amount, the poor gambler's risk if he loses the bet will be small. In case of rich gambler, if the amount of bet is very high, i.e. a large amount of dollars is bet, and if he loses, then it will not take long for him to go bankrupt. So every gambler, rich or poor, has risks. If both gamblers are defeated then there is a difference in difficulty to manage money in every gambling case. Rich gamblers can easily manage money from poor gamblers so that rich gamblers are usually more than poor gamblers for betting.

[Smartvirus]

when gambling always consider your luck first, so that you will not go beyond your limit when you are losing.

I don’t quite understand what you mean by this statement.
It’s not like, there is some standard or a meter to compare against to determine just how lucky you would be or have been while gambling for a session. Is there any of such? Otherwise, how does one really do consider their luck with regards to gambling?

The gambler had multiple slips on a single game, and the game still returned void. That day, I understood that gambling is more profound than we perceive it. There were more than five slips in a match, and none was correct. Isn't it enough to make the player sad? I've thought about trying a similar thing, but I was discouraged after this gambler's incident.

Multiple slips doesn’t mean multiple market. It could mean but, I would rather prefer you state that in clear terms because, having multiple slips using same market isn’t allowed by some gambling sites and could present an issue in huge wins.

However, trying to counter an option or find luck through multiple slips and testing multiple market is a strategy but, one that shows how desperate you are to win which means, you ought not to be gambling at that time.

[Accardo]

Multiple slips doesn’t mean multiple market. It could mean but, I would rather prefer you state that in clear terms because, having multiple slips using same market isn’t allowed by some gambling sites and could present an issue in huge wins.

However, trying to counter an option or find luck through multiple slips and testing multiple market is a strategy but, one that shows how desperate you are to win which means, you ought not to be gambling at that time.

I didn't go through the slip to be sure what he did, but the player lamented that he played multiple slips in this game and still did not win. He was with a gambling agent; I don't think the gambling platform will trace such actions. I thought, at first, that this was a better means to win. But it still does not work as I expected. However, I have never shot at this idea. It's good that I saw a player who practiced such a method.

[Marvell1]

an experienced player can feel ashamed for letting himself exceed his limit. 

Limits have a very broad context, for example, when we limit Ourselves it is bad, I would say it is harmful, but our limits are sometimes necessary because they are established by the sense of responsibility, but sometimes we have to take risks and go beyond our limits but not leaving aside our responsibility, and that is something that many people do not see or do not know how to handle, therefore when we are looking to go beyond our limits we should do it, but not before our responsibilities and leaving us without money to cover our Needs.

Well I get your point actually, but we should always be cautious of the risk we taken. Because most people do use that idea to encourage themselves to keep gambling irresponsibly, it the mindset of them pushing their limit In taken risk . Because if one continue in such manner he or she may only endup hindering their growth. That's why one should always gamble responsibly, so that he or she will be able to secure an healthy lifestyle while gambling.

I would say we should never risk investing large amounts of money in gambling. Now what amount of money gambling is not harmful for me depends on my weekly or monthly income. We should spend on gambling the amount of money that if I lose it won't have any negative effect on my daily life.

It is natural that rich people spend more money on gambling. There are many billionaires who gamble regularly. Even if they lose the 2/1 million dollar gamble, it won't hurt him too much. Because he has many ways to earn 2/1 million dollars. And very quickly he will earn it. But a middle class person like me if I lose 2/3 thousand dollars it's a big loss for me. And it will be very difficult for me to recover this 2/3 thousand dollars. So we should gamble only based on our weekly or monthly earnings. And we should never spend huge amounts of money on gambling.

[danherbias07]

Actually gambling is for fun. In gambling you either win or lose, so don't risk gambling. Now if a poor man bets excessively on gambling, he may be left destitute if he loses. On the other hand, if a rich person bets on gambling, he may lose the bet and become poor. However, if you are lucky and win a lot of money in gambling, now greed will work in you, you will want to gamble again and you may become addicted to gambling. Now if you have enough income then you gamble for fun but don't take excessive risk in gambling.

Whether rich or poor, their risk will depend on the size of the bet. If a poor gambler bets a very small amount, the poor gambler's risk if he loses the bet will be small. In case of rich gambler, if the amount of bet is very high, i.e. a large amount of dollars is bet, and if he loses, then it will not take long for him to go bankrupt. So every gambler, rich or poor, has risks. If both gamblers are defeated then there is a difference in difficulty to manage money in every gambling case. Rich gamblers can easily manage money from poor gamblers so that rich gamblers are usually more than poor gamblers for betting.

That's correct. It is not about the money but how patient we are in betting. The problem with some gamblers is they are too aggressive with their bets especially when they are chasing their losses. So, even a rich gambler could get rekt anytime if he will not think about his bets while his mind is clouded by revenge.
The emotional swings could put us in a position where we make wrong decisions and rich people could also be on the same spot as the poor. I mean, look at Drake, he keeps on betting high amounts and I think the only good part about what he is doing is, he can earn those losses again because of his popularity and talent. Heck, he might be the one being paid for advertising gambling sites instead of losing.