Rich or poor gambler, who should risk more?

[ethereumhunter]

I believe that gambling winnings and rewards accumulations comes from the amount the gambler put in to wager with, so if you say that those who gamble with small amount of money can win big, you may have not entirely cover's the whole nitigrety of gambling and risk involvement, let say if I am staking a bet with 0.00001 bitcoin, and I want to win 0.01 bitcoin in total rewards, it then means that I will have to accumulate alot of gains so that the rewards can increase from the odds accumulated, but we should not forget that, the more games you accumulate, this s also increases your chances of losing the bet, because the higher the number of game's you accumulate the higher your risk level, so for sure if you think you can make huge amount of money from gambling with a small amount of fund's you have to rethink the risk you will face.
For me, it is better I gamble with just a big amount of money but on a single game and with low odds that increases my chances of winning the bet, although that is not also a guarantee to win either since gambling is filled with unexpected outcomes, so for me I gamble with at least a good amount of money if I intended to win something tangible, but if I am just gambling for fun, I don't mind using a small amount of money for my bet.

So that will depend on what is our reason for playing gambling. If you playing gambling for making money, you can use big money as your bet in one game but you will have a big risks to lose all of your money. You know that winning in gambling is not easy whether you use big or small money to bet so you must realizes about the risks. That is why when you playing gambling, you must have limitation to know your risks and prevents the risks becomes bigger.

For me, it is better I gamble with a small money in a limit time to prevents the risks of losing the money becomes bigger. I don't want to see the big lose so that is why I always limit myself when playing gambling. That will be the same for the rich or poor people who playing gambling because the more money they use to playing gambling, the bigger risks of losing the money they will get from gambling. So you must limits your money if you don't want to get a bigger lose because that means you attract the bigger risks of losing the money comes to you.

[madnessteat]

^

The risk of each individual gambler directly depends on what part of their savings he enters the casino account. If a poor gambler's savings are $1000, and a rich gambler is $1000000, their risks when entering the casino account $10 and $100 will be commensurate. Of course, the risks may change due to strategy, risk management during the gambling session, but it will affect insignificantly, because they both risk 1% of their savings.

[Fredomago]

So that will depend on what is our reason for playing gambling. If you playing gambling for making money, you can use big money as your bet in one game but you will have a big risks to lose all of your money. You know that winning in gambling is not easy whether you use big or small money to bet so you must realizes about the risks. That is why when you playing gambling, you must have limitation to know your risks and prevents the risks becomes bigger.

You need to accept and be ready about the risk that you'll going to take if you are playing for money, it's something that gamblers needs to work and deal with, as the chance of losing is always behind and if you are not ready on it you might lose more than what you expect, both rich and poor needs that limitation as both can risk everything while in the influence of greed and frustrations.

For me, it is better I gamble with a small money in a limit time to prevents the risks of losing the money becomes bigger. I don't want to see the big lose so that is why I always limit myself when playing gambling. That will be the same for the rich or poor people who playing gambling because the more money they use to playing gambling, the bigger risks of losing the money they will get from gambling. So you must limits your money if you don't want to get a bigger lose because that means you attract the bigger risks of losing the money comes to you.

It's your own definitions and how you deal with your gambling activities, either you are rich that wise enough to control your finances or poor which hoping to have that big bang and get lucky to double or more your initial capital, all depends from how you set up your gambling and how you work with your failures and success.

[betswift]

^

The risk of each individual gambler directly depends on what part of their savings he enters the casino account. If a poor gambler's savings are $1000, and a rich gambler is $1000000, their risks when entering the casino account $10 and $100 will be commensurate. Of course, the risks may change due to strategy, risk management during the gambling session, but it will affect insignificantly, because they both risk 1% of their savings.

100 * 100 will be $10000, but, you are right. Usually the rich won't lose anything, and the poor would lose a lot because he has fewer funds and sees gambling as an opportunity to change the situation in their life.

[nullama]

~snip~
100 * 100 will be $10000, but, you are right. Usually the rich won't lose anything, and the poor would lose a lot because he has fewer funds and sees gambling as an opportunity to change the situation in their life.

I don't agree with this at all.

Rich people lose all their money, all the time.

You can see it live if you go to a casino. I wouldn't recommend it, but it happens all the time.

[l3pox]

interesting
makes me think on all that is needed in the backend to have an updated website to check this things
that's probably why bloomberg got so big
it's interesting to think too on everything that is needed for trading view to have up to date information

I do not completely understand your point of view. Trading view, as you mentioned, gather data from exchanges through APIs and show us the live coins price data. However with the information available on trading view, with all those lagging indicators and sites like Bloomberg, i do not think the gamblers can find much help from them other than finding the things (the lagging data) in a centralized places.

makes sense that they get it from the API
regarding the lags, it'll probably vary from connection to connection and website to website, the thing is that past data won't be enough to try to guess the future, but some techincal analysts can use it and beat the market over time
it's not easy but it is possible to be done.

[tech30338]

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.

I agree, it would be better for those who are rich and have money to take risks because there is also a possibility that they will earn back the money they will lose, unlike the poor, when the money they used is lost, that is a big loss and problem for them, where they will get something to trade with the money they lost.
it's better to those poor people to focus on working and saving instead of adding vices that won't help their lives.

its the reason why they are still poor they gamble their salary, if they only know how to save and then do some small business at the start they will not be poor forever, but we can't change their mentality and outlook in life, they think that luck will bring them at the top, they did not know that you have to work hard for it everyday, working 8 hrs a day is not enough if you want it bad.

[junder]

For me, it is better I gamble with a small money in a limit time to prevents the risks of losing the money becomes bigger. I don't want to see the big lose so that is why I always limit myself when playing gambling. That will be the same for the rich or poor people who playing gambling because the more money they use to playing gambling, the bigger risks of losing the money they will get from gambling. So you must limits your money if you don't want to get a bigger lose because that means you attract the bigger risks of losing the money comes to you.

I myself do not want to experience big losses again, therefore gambling moderately is better than excessive. Unstable finances are certainly an unpleasant situation but do not put high hopes on gambling thinking that you can get money with gambling is not recommended at all, and the other side is for those who are rich with having a lot of money does not mean they have to gamble continuously, because the risk will be greater when they can not stop betting. In addition, the risks in gambling cannot be avoided so they have no choice but to accept the risk if they continue to gamble non-stop and losing money is something they must accept too.

[ethereumhunter]

The risk of each individual gambler directly depends on what part of their savings he enters the casino account. If a poor gambler's savings are $1000, and a rich gambler is $1000000, their risks when entering the casino account $10 and $100 will be commensurate. Of course, the risks may change due to strategy, risk management during the gambling session, but it will affect insignificantly, because they both risk 1% of their savings.

Rich and poor gamblers must allocate the money that they can afford to lose. That is the important thing that all gamblers must do so they will not break their limitation when playing gambling. The risks of playing gambling will always be there so all gamblers must understand how to manage risks.

They don't need to risks more money if that will makes them lose that money because gambling can takes all of their money without giving any winning. They must not risks more than they can afford to lose because that can make them feel sad and regret so that is why all gamblers must care with their money and not let them use much money.

You need to accept and be ready about the risk that you'll going to take if you are playing for money, it's something that gamblers needs to work and deal with, as the chance of losing is always behind and if you are not ready on it you might lose more than what you expect, both rich and poor needs that limitation as both can risk everything while in the influence of greed and frustrations.

Accepting and be ready with the risks and always trying to minimize the risks not to becomes bigger is something that all gamblers must do whether they are rich or poor gamblers. The chance of losing will always be there and if they can prevent the risks becomes bigger, their losing will not be big instead will be the money they can afford to lose.

If rich and poor gamblers can playing gambling using the money they can afford to lose, they can avoids the big risks of losing so they will not have to worry with the big lose. They will not be in a hard situation whereas they lose much money and difficult to stop from playing gambling. Limitation will helps them to know when they must stop playing gambling no matter if they still have money in their account.

It's your own definitions and how you deal with your gambling activities, either you are rich that wise enough to control your finances or poor which hoping to have that big bang and get lucky to double or more your initial capital, all depends from how you set up your gambling and how you work with your failures and success.

You are right, that will depends on how we can deals with our money and with our gambling activities. We should know how to manages all things that we will to do with our money. We can not let our gambling activities use much money because we have many things that needs money so we must be wise using the money.

Even if we don't have much money, we must smart to allocates the money for all things and not just uses that money for playing gambling. We must remember that we must survives and fills our daily needs with our family. If we can manage our money properly, we will not have a problem to pass our day with our family.

I myself do not want to experience big losses again, therefore gambling moderately is better than excessive. Unstable finances are certainly an unpleasant situation but do not put high hopes on gambling thinking that you can get money with gambling is not recommended at all, and the other side is for those who are rich with having a lot of money does not mean they have to gamble continuously, because the risk will be greater when they can not stop betting. In addition, the risks in gambling cannot be avoided so they have no choice but to accept the risk if they continue to gamble non-stop and losing money is something they must accept too.

No one will want to get big losses from gambling even for rich people so that is why we must prevents the big lose by always limiting our bet amount and how much money we will use. Rich and poor people will have the risks but the risks maybe will not be the same because that will depends on how much money they will use to playing gambling. Having much money that doesn't mean we can use much money to playing gambling but if we can limit the amount of money, that will helps us to prevents the big lose.

Poor people must not use too much money to playing gambling because they must think how they will fills their daily needs. They will just risks their money if they use too much money and the effect that they gets if they lose that money will be difficult to fills their daily needs. But it is better if poor people not playing gambling so they will not risks their money in the gambling games and they can fills their daily needs.

[betswift]

~snip~
100 * 100 will be $10000, but, you are right. Usually the rich won't lose anything, and the poor would lose a lot because he has fewer funds and sees gambling as an opportunity to change the situation in their life.

I don't agree with this at all.

Rich people lose all their money, all the time.

You can see it live if you go to a casino. I wouldn't recommend it, but it happens all the time.

They may lose everything they've prepared, but they have a lot to spare, whereas someone poor - probably not Of course, if a rich person isn't responsible at all and can't see the bigger picture - he will go all-in all the time losing much of his fortune.

[Litzki1990]

People don't want to know there place in gambling and it been your are rich or poor losing is something you can not avoid just that the rich have money and when they don't win they still have other means that they can fall back to, but the poor or an average person can even bet with all they have I don't think the rich will make that mistake of gambling all they have.

And for that reason there is so much poverty in the world because poor people focus on looking for quick and Easy money, and things do not work like that a rich person does not play because he is in need, and most poor players play because they need to get out of their situation, then this means that while they are more focused on doing things to get rich, the same System will deny it , Because of the same desperation and that makes them commit and comment more Mistakes , like betting to get back the money that was lost and brings many Consequences.

Gamblers are not just making this mistake because they possess a wrong gambling perspective. The problem happen with both classes of gamblers. Even the rich make similar mistakes, which differentiates gambling success from monetary possession.

However, gamblers have many types of mistakes in their approach due to which they face losses. Both classes of gamblers make mistakes, not the difference between the rich and the poor, if they are not experienced in gambling, they will surely lose. But I think rich people don't suffer much loss to succeed, but they can easily re-accumulate their lost money by gambling again later. But when a poor person loses, it takes a long time to re-accumulate that person's money because he has to work hard and then participate in gambling. In that case, it takes time for the poor to achieve financial success, but the rich can achieve success very easily because of their money.

If the strategy is wrong, even if he is the president of a country, he can lose money by gambling. In gambling, gamblers have to apply proper strategy as well as rely a lot on luck. A rich person and a poor person have equal skills and have equal gambling experience but if luck favors either of them, the result will go in favor of that person. The difference between a rich person and a poor person is that rich people can gamble non-stop because they have a lot of money whereas a poor person earns money first and then spends a part of that money on his family and gambles with the rest. Rich and poor people cannot expect so much in gambling. If there is a small profit to be satisfied, if there is excess greed then it will not take long for a rich person to gamble and become poor.

[Etranger]

The risk of each individual gambler directly depends on what part of their savings he enters the casino account. If a poor gambler's savings are $1000, and a rich gambler is $1000000, their risks when entering the casino account $10 and $100 will be commensurate. Of course, the risks may change due to strategy, risk management during the gambling session, but it will affect insignificantly, because they both risk 1% of their savings.

They may be risking the same percentage of their savings, but in an example like yours, absolute numbers play a significant role. And here, not only the percentage will be taken into account, but also the equivalent of this percentage in real money.The strategy of the game will also depend on what exactly this 1% is, which amount of dollars is it. A person won't risk 10 dollars and 100 dollars equally, despite the fact that this may be the same percentage of different deposits.

By the way, 1% from $1,000,000 is $10,000, not $100.

[Sg4j1n3ll0]

--snip--
By the way, 1% from $1,000,000 is $10,000, not $100.

In my opinion, if the risk percentage does not change between rich and poor, the rich person perhaps has a better chance of recovering the loss but the loss is a higher percentage and therefore really creates many problems in this regard. The poor man loses little but it is hard for him to recover. So there are pros and cons.

[Sim_card]

^

The risk of each individual gambler directly depends on what part of their savings he enters the casino account. If a poor gambler's savings are $1000, and a rich gambler is $1000000, their risks when entering the casino account $10 and $100 will be commensurate. Of course, the risks may change due to strategy, risk management during the gambling session, but it will affect insignificantly, because they both risk 1% of their savings.

To sum up what you said in your post is that if both the rich and the poor use an amount that they can afford to lose if not they will run at loss because it can trigger them to chase their losses which will lead to more losses. If they also set a gamble budget like you said it will help them not lower their losses but when there is no gambling budget, they can incur more losses. So what applies to the rich also apple to the poor in gambling. When you gamble irresponsible, you run at big loss.

[LUCKMCFLY]

I have a few years practiced in my gambling experience limiting the bankroll and I'll be honest sometimes my desires are stronger and in a fit of excitement, I deposit casino money that at first did not plan to use for this.

Therefore, I believe that the risk is in no way related to the financial state of the gambler. The risk of each individual gambler depends only on himself.

For this reason, we as players must be very clear about our plans, and also very clear about our need to have great discipline, that is why when we are generating money in a casino we must withdraw it as soon as we reach the withdrawal limit, it does not matter that deposits must be made later, but it is the best way to avoid problems later on, I know that emotions and impulses are what dominate us the most sometimes, but what must be done is undoubtedly have the Discipline to say no more and withdraw.

[hahay]

I have a few years practiced in my gambling experience limiting the bankroll and I'll be honest sometimes my desires are stronger and in a fit of excitement, I deposit casino money that at first did not plan to use for this.

Therefore, I believe that the risk is in no way related to the financial state of the gambler. The risk of each individual gambler depends only on himself.

For this reason, we as players must be very clear about our plans, and also very clear about our need to have great discipline, that is why when we are generating money in a casino we must withdraw it as soon as we reach the withdrawal limit, it does not matter that deposits must be made later, but it is the best way to avoid problems later on, I know that emotions and impulses are what dominate us the most sometimes, but what must be done is undoubtedly have the Discipline to say no more and withdraw.

Yes indeed, having discipline will allow us to control our greed because after all, continuing to do it because of high desire will not be good either. Maybe, for some trials we get benefits that make us feel like doing it continuously. But anyway, if it becomes an addiction, it will surely ruin you one day. With that said, I also think that all gamblers will have their own risks, and it's not about being poor or rich.

Therefore, it would be the right choice for gamblers to only bet with money that they are ready to lose. Because that way even if we lose completely at that moment, at least it doesn't make us regret or something else negative because we only bet with money that is ready to lose. In this way, every gambler, whether poor or rich, will still be fine even if they get bad results.

[nullama]

~snip~
In my opinion, if the risk percentage does not change between rich and poor, the rich person perhaps has a better chance of recovering the loss but the loss is a higher percentage and therefore really creates many problems in this regard. The poor man loses little but it is hard for him to recover. So there are pros and cons.

Yeah, I think that's a valid point. In the end the rich person might have a method to generate money, so even if they lose all right now, they might be able to generate it easily.

On the other hand, the poor person might simply depend on a job to pay for his salary, and if that person gets fired, and loses at the casino, then it is really hard to get back on track.

It all depends really...

[l3pox]

~snip~
100 * 100 will be $10000, but, you are right. Usually the rich won't lose anything, and the poor would lose a lot because he has fewer funds and sees gambling as an opportunity to change the situation in their life.

I don't agree with this at all.

Rich people lose all their money, all the time.

You can see it live if you go to a casino. I wouldn't recommend it, but it happens all the time.

They may lose everything they've prepared, but they have a lot to spare, whereas someone poor - probably not Of course, if a rich person isn't responsible at all and can't see the bigger picture - he will go all-in all the time losing much of his fortune.

you are correct that a rich person has more disposable income and will end up being able to afford losing more often but this is if they're not exponsing themselves to the risk of ruin
you know?

if someone bet it all and simply all in with their full stack they can end up poor at the blink of an eye
I saw this happening more than once and it's not beautiful

[betswift]

~snip~
100 * 100 will be $10000, but, you are right. Usually the rich won't lose anything, and the poor would lose a lot because he has fewer funds and sees gambling as an opportunity to change the situation in their life.

I don't agree with this at all.

Rich people lose all their money, all the time.

You can see it live if you go to a casino. I wouldn't recommend it, but it happens all the time.

They may lose everything they've prepared, but they have a lot to spare, whereas someone poor - probably not Of course, if a rich person isn't responsible at all and can't see the bigger picture - he will go all-in all the time losing much of his fortune.

you are correct that a rich person has more disposable income and will end up being able to afford losing more often but this is if they're not exponsing themselves to the risk of ruin
you know?

if someone bet it all and simply all in with their full stack they can end up poor at the blink of an eye
I saw this happening more than once and it's not beautiful

I may agree, but, as you said - it's if putting it all onto one session, which is not how things are done even by the rich And shouldn't be done by anyone, really.

[RockBell]

For this reason, we as players must be very clear about our plans, and also very clear about our need to have great discipline, that is why when we are generating money in a casino we must withdraw it as soon as we reach the withdrawal limit, it does not matter that deposits must be made later, but it is the best way to avoid problems later on, I know that emotions and impulses are what dominate us the most sometimes, but what must be done is undoubtedly have the Discipline to say no more and withdraw.

A lot of gamblers don't have discipline and they are allowed their emotions to rule over them, the moment you allow your emotions to rule over you then you have lost control of everything, the first thing is to put your emotions under control as for me that is even enough because the moment you can no longer control emotions and you want to gamble then it is going to be difficult for you to control. And any money you are getting from casinos or gambling platforms. The moment you win, make withdrawal and do something tangible with the money because when you don't make use of it on time, you will only end up spending it back to the casinos and gambling platforms so first of all make you draw get anything you have in mind to be on the safe side. And if it is about losing either being poor or rich, this is something you cannot avoid, but there is something you can actually avoid by putting your emotions in place, the moment you're able to do that I don't think you have any other problem with gambling because sometimes emotion can naturally lead you to greed and the moment she starts being greedy you end up being addicted also.