Rich or poor gambler, who should risk more?

[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.

[betswift]

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.

In my opinion, both (the rich man and the poor) should only use the money they are okay with to spend. Of course, it's easier for the rich not to think about it, however, the poor man can grow professionally and personally faster by improving upon his mistakes and making his discipline one of the cornerstones he stands on.

[Marvell1]

...

In my opinion, both (the rich man and the poor) should only use the money they are okay with to spend. Of course, it's easier for the rich not to think about it, however, the poor man can grow professionally and personally faster by improving upon his mistakes and making his discipline one of the cornerstones he stands on.

It is easy for the rich to earn money to eat and they do not have to think much about spending money. As they have different businesses. So they can earn huge amount of money very easily. And for this they do not have to do much physical work. But for the rich or the poor, earning money requires a lot of physical and mental effort. For this reason, the poor or the middle class have to be very careful about spending money.

Even if a millionaire loses a few thousand dollars, the effect will not be seen in his daily life. But if a poor or middle-class person loses $100 in gambling, the negative effects can be seen in his daily life. Because the amount of money saved by the poor or the middle class is very small. This is why they have to be very careful about spending money. If they don't spend money carefully, they will quickly lose everything and end up in debt.

[Fredomago]

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.

Most of the time both poor and rich gamblers are being move by emotions, even how much the amount they allocate for their gambling without a good control, they can be careless and lose more. Though for some rich gamblers, they have that good limitation inside them as they value their money and not to allow to over exceed from what they can afford to lose, opposite with poor gamblers who are aiming for luck to double what left in their pockets, not all though but most have this kind of thinking.

[LUCKMCFLY]

there are people that gamble every day, but still know the right thing to do that is exactly what they mean by professional gambler.

Yes, and that's the Secret, I'm too far From being a Professional , Also because of the Amounts I Play in an even Further casino , But it's Like you say , there are People who Always lay and who Know When to quit , but I'm Sure that  Many of those People are Because they have a very Well Established Economic Position , where they don't Suffer to get their Basic Things and if they lose they Know that they have their Comforts in a afe Way , I think that Confidence , that Security is what Makes them Safer and more Controlled , but the most Common Player , Who has little Money , must Develop Strategies to play , Wand when he Loses he doesn't lose Everything , Sometimes in that aspect Many lose Their Way.

[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

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.

one of the best ways to make money is by hard and smart work, funny to think about it but that's true.
gambling shouldn't be a goal but a mere enterteinment, some hobbie, if one centralizes their life, hopes and dreams on it there are big chances they will suffer.
it is what it is

[LUCKMCFLY]

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.

That's right, but basically things are very different, a person when he is playing always does things based on his way of thinking and knowing that he can have a high reward considering his luck, but if his emotions are very compromised within the game, urgent preventive measures must be taken, I recommend balancing and managing the money ready to lose, money that you are willing to lose, no matter how little it is, let's say 10usd, but that is just that, that he does not get the impulse to put in more, and if he gets the impulse to do so, have the willpower and discipline not to do it, thus he will give free rein to his emotions.

[Accardo]

Most of the time both poor and rich gamblers are being move by emotions, even how much the amount they allocate for their gambling without a good control, they can be careless and lose more. Though for some rich gamblers, they have that good limitation inside them as they value their money and not to allow to over exceed from what they can afford to lose, opposite with poor gamblers who are aiming for luck to double what left in their pockets, not all though but most have this kind of thinking.

It's a good thing you mentioned that both sides are humans, and they respond similarly to gambling outcomes. Practice helps players advance to a better level of thought that beats the loss-of-control challenge. The few rich players who limit and control their money didn't just attain that stage. They worked for it, just like they did for their money. Still, on the same page, some low-income players have this value for money and wouldn't go past their limits. 

[Dewi Aries]

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.

one of the best ways to make money is by hard and smart work, funny to think about it but that's true.
gambling shouldn't be a goal but a mere enterteinment, some hobbie, if one centralizes their life, hopes and dreams on it there are big chances they will suffer.
it is what it is

Exactly, work is something that guarantees income because there is an agreement at the beginning of the contract regarding how long the working hours are and how much salary is appropriate to be given by the company, and I think we all know that giving or sacrificing something like time, energy and thought, meaning that to get definite money then there must be something you sacrifice like a process that is worthy of being recognized for its contribution.
And I think we also know that there is not much we do in gambling, you just watch, believe your guess and make a decision, so I think it is very reasonable if the casino involves risk in it, because until whenever there will be no significant results consistently in something that is done with just a little effort.

So that's why gambling with the intention of making money will always be a goal that will never seem reasonable, belief and hope are other things that will not be able to change the results of the game.

[LUCKMCFLY]

one of the best ways to make money is by hard and smart work, funny to think about it but that's true.
gambling shouldn't be a goal but a mere enterteinment, some hobbie, if one centralizes their life, hopes and dreams on it there are big chances they will suffer.
it is what it is

To make money is like this, through hard work, but I Personally would see the casino as a way to have fun and finally as a natural income or One that can be worked on, those who see it like this are very wrong, and particularly these types of things are what should be warned about here in the forum, those who think that through the casino they can make high and safe income are wrong because they are not thinking clearly, that is why I say the casino is for having fun, to control the money and if you lose face defeat and be responsible in not risking money that you are not Willing to lose.

[ethereumhunter]

In my opinion, both (the rich man and the poor) should only use the money they are okay with to spend. Of course, it's easier for the rich not to think about it, however, the poor man can grow professionally and personally faster by improving upon his mistakes and making his discipline one of the cornerstones he stands on.

That's the thing they must always remember so they will not gets a big risks when playing gambling while playing gambling with some small money is enough for them to have fun. They don't have to takes a big risks if that will makes them sad and desperate because that can trigger them to keeps playing gambling without they realizes. We need to prevents that because we will not see if our money is gone because we thinks that we have fun in gambling.

Even rich people can use more money than poor people, they should not take a big risks too because gambling can makes them lose their limitation. That can cause them lose bigger money than the other people and although they can accept the big risks, that still not worth to do. We must prevents the big risks that can comes in gambling and by limiting our money will helps us to reduce that big risks while we can still enjoy our time to playing gambling.

[LUCKMCFLY]

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.

That's what happens to me, I'm not able to spend that much money in a casino, in fact if I do it then it would be very little that I would risk, around very minimum I speak of a maximum of 20usd and if I lose them it would really affect me Because that could be useful for something very important , that's why I wouldn't take it out based on weekly income, I would take it after having covered my primary expenses, the most basic ones and if it was enough for that then I would gladly have more to play , but that's only in my case, there are people who have very good incomes , and they can use that to play.

[Dewi Aries]

Actually, if we talk about gambling, then no matter rich or poor, you are still only allowed or advised to only bet with an amount that you can afford or a risk that you can bear, there are no exceptions in this case.

There is nothing special between rich or poor, meaning that if you are nothing more than an ordinary gambler who comes to bet and relies on luck, then the results at the end of the session will always be about two possibilities between winning or losing, your fate depends on every action and decision you take.

We will not talk about the amount of bets between rich and poor people because of course it will be different because of the difference in terms of financial situation, the point is whoever you are, I will suggest you only bet with 3 - 5% of the total money you have, you can change it but it is advisable not to exceed your ability.

[Blitzboy]

Actually, if we talk about gambling, then no matter rich or poor, you are still only allowed or advised to only bet with an amount that you can afford or a risk that you can bear, there are no exceptions in this case.

There is nothing special between rich or poor, meaning that if you are nothing more than an ordinary gambler who comes to bet and relies on luck, then the results at the end of the session will always be about two possibilities between winning or losing, your fate depends on every action and decision you take.

We will not talk about the amount of bets between rich and poor people because of course it will be different because of the difference in terms of financial situation, the point is whoever you are, I will suggest you only bet with 3 - 5% of the total money you have, you can change it but it is advisable not to exceed your ability.

Regarding gambling, keep in mind that only play with what you could afford to lose. Common sense, not rocket science here. This rule holds true for everyone regardless of your rolling in dough or pennying behavior. gambling is about decisions. Every wager you make is a decision, just as the decisions you make in life. What results? Those decisions had these outcomes. Its a game, a mirror of the fluctuations in life.

Dont mistake gaming for a get-rich-quick program. The game itself, the rush of the moment, not only the triumph or loss generates the excitement. Like a rollercoaster, you like the ride; the ups and downs.Though its fantastic, winning is not the ultimate be-all. Its about responsible enjoyment of the experience. Thus, keep it lighthearted, under control, and avoid allowing it rule over you.

[I_Anime]

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.

That's what happens to me, I'm not able to spend that much money in a casino, in fact if I do it then it would be very little that I would risk, around very minimum I speak of a maximum of 20usd and if I lose them it would really affect me Because that could be useful for something very important , that's why I wouldn't take it out based on weekly income, I would take it after having covered my primary expenses, the most basic ones and if it was enough for that then I would gladly have more to play , but that's only in my case, there are people who have very good incomes , and they can use that to play.

That's nice , covering of expenses first is a smart move so that you won't endup using money that you budget for something else. Because gambling can easily make someone lose it especially when they are losing, they won't be able to think straight again and it may lead to making reckless decision just to get back what one have lost , for instance gambling with money you didn't budget for . So is better to gamble with what you can afford and what you can risk without chasing after it.

[Rampagoe004]

Even rich people can use more money than poor people, they should not take a big risks too because gambling can makes them lose their limitation. That can cause them lose bigger money than the other people and although they can accept the big risks, that still not worth to do. We must prevents the big risks that can comes in gambling and by limiting our money will helps us to reduce that big risks while we can still enjoy our time to playing gambling.

I agree with you. Rich people do not have a greater risk than poor people in gambling. When there is a bet with a maximum bet of 20 dollars, a poor person who has 200 dollars can only spin it 10 times while a rich person who brings 2000 dollars can spin it up to 100 times. That's what I said rich people have a smaller risk. But as you said even rich people must be able to manage their finances and avoid losing all their money because of gambling. There are many stories about rich people who became poor because of gambling addiction. Therefore, I think both poor and rich people must be able to manage their finances well.