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Author Topic: Rich or poor gambler, who should risk more?  (Read 9655 times)
betswift
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August 26, 2024, 06:11:39 PM
 #1241

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.

One has nothing to lose, and the second - everything, so to speak, you are right.

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August 26, 2024, 07:03:55 PM
 #1242

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.

One has nothing to lose, and the second - everything, so to speak, you are right.
Basically if we do really think up about generally on the situation then both could lose up but as we do all know that poor people would really be at great disadvantage on here on which we know
that when it comes into this aspect then they are really that losing it all on just few bets on which this cant be possible into those people who are rich ones. They might that get bankrupt
but it would really be happening for a while or longer duration specially they do have that financial capability on things. The hard part on this one is on talking about recovery on which
we know that when it comes to this aspect on the time or moment that you do find yourself having no control. There's no such thing about unlimited fund.
It is really just that poor would really be losing it all in a short period of time.

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August 26, 2024, 07:30:21 PM
 #1243

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.

One has nothing to lose, and the second - everything, so to speak, you are right.
Basically if we do really think up about generally on the situation then both could lose up but as we do all know that poor people would really be at great disadvantage on here on which we know
that when it comes into this aspect then they are really that losing it all on just few bets on which this cant be possible into those people who are rich ones. They might that get bankrupt
but it would really be happening for a while or longer duration specially they do have that financial capability on things. The hard part on this one is on talking about recovery on which
we know that when it comes to this aspect on the time or moment that you do find yourself having no control. There's no such thing about unlimited fund.
It is really just that poor would really be losing it all in a short period of time.
There is nothing that forbids poor people to gamble, but it is forbidden to cry because of their own uncontrolled actions that become destroyed. The way of thinking of people who already have enough money must have thoughts about additional money like the head of the family, for example "father". Trapped by economic factors but running to gambling in the hope of luck for the family, the extraordinary struggle on the other side they know the risks that occur and they fight the harshness of the world.

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August 26, 2024, 07:36:27 PM
 #1244

There is nothing that forbids poor people to gamble, but it is forbidden to cry because of their own uncontrolled actions that become destroyed. The way of thinking of people who already have enough money must have thoughts about additional money like the head of the family, for example "father". Trapped by economic factors but running to gambling in the hope of luck for the family, the extraordinary struggle on the other side they know the risks that occur and they fight the harshness of the world.
Indeed, no one will prohibit it because in the end, the conditions and all forms of consequences are borne by the gamblers themselves regardless of whether they are rich people or poor people, all the same when they gamble then they are responsible for what they do. The problem is that sometimes the goals of the rich and the poor in looking at gambling are different and this is what is worried about because surely we know that most poor people to gamble is to improve their economic conditions by expecting large profits in gambling which will be used to make their economy better.

This is not right because this will actually make them lose their way in gambling because their goals are a little wrong especially they sometimes use all the money they have to gamble which makes this very more risky than the rich people who do it. Tbh this condition makes them have to think more clearly but when their thoughts are already covered with the ambition of big profits without seeing the risk of defeat which will certainly be much greater in gambling they are not ready to accept it.

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August 26, 2024, 07:59:44 PM
 #1245


It is true that there is no difference between the rich and the poor in gambling because here one's own luck is overestimated. So the better the luck, the more he will win in gambling. However, poor and rich people may have different gambling styles. A rich person can bet again after losing because he has the money to make new bets. In that case a poor gambler bets only a few times and runs out of pocket money very quickly. A rich person has plenty of funds whereas a poor person doesn't have much. If he loses gambling, he has to sell assets and take loans to make new bets.

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
And I think that's the problem with why a rich man can become poor in the future. They do not think about what they have lost because they think they have loads of money but the truth is it will be gone if they keep on playing and losing.

I think the poor gambler has a higher chances to win because he thinks of money so dearly that he won't spend it unwisely. Every round will be important for the poor and would not play hastily just because they want more. They might even withdraw at the mere win of exactly the minimum withdrawal point and they won't be back for a while.

The scheme you described is more like a kind of betting sport, but the truth is that both the rich player and the poor player can get carried away and then both risk losing all the money. A poor player will indeed bet more carefully because he knows the value of money, but when you win time after time the boundary of permissibility and adequacy blurs a bit and the most interesting thing begins. So both sides are equally susceptible, really.

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August 26, 2024, 09:50:14 PM
 #1246

There is nothing that forbids poor people to gamble, but it is forbidden to cry because of their own uncontrolled actions that become destroyed. The way of thinking of people who already have enough money must have thoughts about additional money like the head of the family, for example "father". Trapped by economic factors but running to gambling in the hope of luck for the family, the extraordinary struggle on the other side they know the risks that occur and they fight the harshness of the world.
Indeed, no one will prohibit it because in the end, the conditions and all forms of consequences are borne by the gamblers themselves regardless of whether they are rich people or poor people, all the same when they gamble then they are responsible for what they do. The problem is that sometimes the goals of the rich and the poor in looking at gambling are different and this is what is worried about because surely we know that most poor people to gamble is to improve their economic conditions by expecting large profits in gambling which will be used to make their economy better.

This is not right because this will actually make them lose their way in gambling because their goals are a little wrong especially they sometimes use all the money they have to gamble which makes this very more risky than the rich people who do it. Tbh this condition makes them have to think more clearly but when their thoughts are already covered with the ambition of big profits without seeing the risk of defeat which will certainly be much greater in gambling they are not ready to accept it.
minority or majority of gamblers from the lower middle class. because I often see it often happens when in different environments. very concerning is the existence of excessive opinions about gambling because the impact is beyond control which is very dangerous. must be wise if you don't want to fall but most of them are carried away by lust

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August 27, 2024, 02:51:35 AM
 #1247

There is nothing that forbids poor people to gamble, but it is forbidden to cry because of their own uncontrolled actions that become destroyed. The way of thinking of people who already have enough money must have thoughts about additional money like the head of the family, for example "father". Trapped by economic factors but running to gambling in the hope of luck for the family, the extraordinary struggle on the other side they know the risks that occur and they fight the harshness of the world.
gambling is a game that is free to be done by anyone as long as they have money and other requirements. for poor people of course they definitely want a way to make money quickly and with this gambling many people are deceived because they think that this gambling can make them get money quickly can be seen from the many cases of bad impacts that occur because there are so many people who hope fully for gambling to be able to win but with that they only experience bankruptcy financially.
It is not an extraordinary struggle when a head of a family decides to gamble with the aim of hoping for good luck and helping his economic problems which are not good, even though there is a chance to win because of luck but there is no certainty of winning or not and there is no certainty with the amount, so if you do have economic problems you have to find a way out with things or methods that are indeed right such as working, which may be better than making a decision on gambling.

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August 27, 2024, 04:43:00 PM
 #1248

They are desperate, and bad bets follow from it.

The worst thing you can do is to gamble every time you play, do it out of desperation or the need to win by force, because it is money that you have for something in particular and if you lose, things will be worse. I did not play like that, because that is something that does not fit with absolutely anything of what I am looking for, that is turning an experience that should be fun into a total nightmare, because if you lose that money, the person will be in a very bad way, because spending money that you were not willing to lose is a very bad thing.

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August 27, 2024, 05:05:28 PM
 #1249

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.

I think you're mistaken. If you have capital, it does not mean that it is easier for you to multiply your money. An example of this can be thousands of bankrupt companies that had huge amounts of money in circulation before bankruptcy. Besides, a poor person like a rich person can invest his money in cryptocurrencies, stocks, bonds, etc. That is, he has all the same tools to not only protect his money from inflation, but also to multiply it. Why they do not use these tools is a big question.

You are right here that the rich person can misuse his money and get a loss more than the poor or a middle class person. It is not about having ample amount of money but it is more about having strategically better approach  with which a person can invest and double or triple his money and not lose it.

The first thing is to have a plan on how to do good investment in anywhere including gambling and then when a person find some perfect strategy then if he is rich then he can get more rich quickly as compared to the poor person because he do not have the money to invest in the right approaches.

I have the feeling that many forum members think that a rich person gets money easier than a poor person. That's a misconception. Everything depends on the person himself, not on how much money he has. There are many examples when a poor person has achieved very great successes in his life and the reason for this was only his aspiration, desire to become better and hard work. A poor person remains poor because he is afraid to experiment, to learn something new, to take risks, to use his money correctly. So the chances are equal for everyone - in real life and in gambling.

it depends but when we talk about disposable income it is obvious that rich people have it and poor people don't.
I agree that there are rags to riches stories and some will be able to keep the money, some other won't, mostly because of mindset, but the person disposable income should be conted
there are poor people taking loans and gambling thinking they'll make it and losing it all

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August 27, 2024, 05:40:10 PM
 #1250

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.
Do you know that if the rich gambler loses self control over gambling, he will become addicted and gamble can wreck him into a poor man because it is very easy for that to happen. I have seen several rich men who became broke due to excessive gambling and it ruined their lives from riches to poverty. Gambling is same as doing drugs so what matters is self control and self discipline for one not to become an addict and lose everything to gamble.

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August 27, 2024, 05:52:35 PM
 #1251

There is nothing that forbids poor people to gamble, but it is forbidden to cry because of their own uncontrolled actions that become destroyed. The way of thinking of people who already have enough money must have thoughts about additional money like the head of the family, for example "father". Trapped by economic factors but running to gambling in the hope of luck for the family, the extraordinary struggle on the other side they know the risks that occur and they fight the harshness of the world.
gambling is a game that is free to be done by anyone as long as they have money and other requirements. for poor people of course they definitely want a way to make money quickly and with this gambling many people are deceived because they think that this gambling can make them get money quickly can be seen from the many cases of bad impacts that occur because there are so many people who hope fully for gambling to be able to win but with that they only experience bankruptcy financially.
It is not an extraordinary struggle when a head of a family decides to gamble with the aim of hoping for good luck and helping his economic problems which are not good, even though there is a chance to win because of luck but there is no certainty of winning or not and there is no certainty with the amount, so if you do have economic problems you have to find a way out with things or methods that are indeed right such as working, which may be better than making a decision on gambling.
People who have a mediocre income will try several things such as gambling for example to make money. However, the mindset formed through gambling if the results are betrayed will definitely be even more destroyed. However, if it is to seek entertainment or check their luck, maybe they will not be swept away by the strong current. If the basis of logic is strong, it will definitely be controlled

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August 27, 2024, 07:42:48 PM
 #1252

A rich gambler is supposed to take more risks, but the reality can be more complicated. Wealth provides a greater ability to take financial risks without impacting daily life. Therefore, a rich gambler may be more willing to risk large amounts, because he can recover losses more easily.

In contrast, a poor gambler may avoid large risks because losing a large amount of money could have serious consequences on his life. However, psychological factors such as addiction and desperation may cause a poor person to take greater risks in a desperate attempt to improve his financial situation.

 
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August 27, 2024, 08:10:40 PM
 #1253

A rich gambler is supposed to take more risks, but the reality can be more complicated. Wealth provides a greater ability to take financial risks without impacting daily life. Therefore, a rich gambler may be more willing to risk large amounts, because he can recover losses more easily.

In contrast, a poor gambler may avoid large risks because losing a large amount of money could have serious consequences on his life. However, psychological factors such as addiction and desperation may cause a poor person to take greater risks in a desperate attempt to improve his financial situation.

Do you realize, when rich gamblers bet with big money it is because they have the ability and courage to bet with their financial capacity. But with that, I think poor gamblers can also do that with their ability and dare to bet with big ones too but based on their financial capacity. With that assumption, then I think poor gamblers and rich gamblers are the same, both have their own risks in gambling.

So, it does not mean that rich gamblers have a greater risk than poor gamblers because after all,  when poor gamblers bet with the maximum ability with the finances they have, then in fact poor gamblers also take big risks. So,for me there is no difference between rich and poor gamblers, because of course they have their own risks, both big risks and small risks and it depends on the limits they have too.

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August 27, 2024, 08:16:30 PM
 #1254

Gambling an activity for fun also has the chance to turn someone's fortune. Calculated risk when taken in gambling can be the way to big wins from gambling. Who do you think should take more risk in gambling? The rich gambler or the gambler who is not yet rich. If a rich gambler takes risks in gambling, they are risking losing money and becoming poor from gambling, or getting richer, when a gambler who is not yet rich gambles, they can also get poorer or richer, so the gambler who should take the risk should be the gambler who can handle the dangers of the risk like losing too. When a rich gambler loses from taking a risk, there is a better chance of them being in a position to manage with the losses, than someone struggling financially who a big loss will really affect. So, I am confused after asking myself this question and answering it, does this mean a poor gambler should continue to play it safe in gambling? With no risk, how can a poor gambler change their fortune in gambling?
It is not about the Rich or the poor gambler here the important thing is how they can afford to loose what will not impact to lead them a happy and healthy life that amount of gamblers should take risk I will say we should make the categorize by the rich and the poor gambler it should be those who can afford fund to play gambling. After all gambling for only entertainment not a investment thing.

Here I want to say by example like you have 300$ to go on a tour and on the other hand your neighbor have 3k$ for tour here definitely the tour place will can't be same like that neghibor. I want to say gambling is same as like this be on your limit take that risk for the entertainment not as purpose of money making.

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August 27, 2024, 08:47:30 PM
 #1255


gambling is a game that is free to be done by anyone as long as they have money and other requirements. for poor people of course they definitely want a way to make money quickly and with this gambling many people are deceived because they think that this gambling can make them get money quickly can be seen from the many cases of bad impacts that occur because there are so many people who hope fully for gambling to be able to win but with that they only experience bankruptcy financially.
It is not an extraordinary struggle when a head of a family decides to gamble with the aim of hoping for good luck and helping his economic problems which are not good, even though there is a chance to win because of luck but there is no certainty of winning or not and there is no certainty with the amount, so if you do have economic problems you have to find a way out with things or methods that are indeed right such as working, which may be better than making a decision on gambling.
People who have a mediocre income will try several things such as gambling for example to make money. However, the mindset formed through gambling if the results are betrayed will definitely be even more destroyed. However, if it is to seek entertainment or check their luck, maybe they will not be swept away by the strong current. If the basis of logic is strong, it will definitely be controlled

Yes, I also believe that, or I mean I am also quite sure that people with low incomes or who have poor financial stability are more likely to make gambling a place to earn income, why? I think it is clear that with poor financial conditions they should not make the decision to engage in activities that are full of risk.

Doesn't that mean there is something odd or questionable, right? Yes, most likely they are involved because there is indeed a hope to multiply the money they bring and this is a dangerous mindset, because in the end, like most cases that have occurred, where instead of making money, what happens is that they actually lose a lot of money, so it is mandatory for us to first understand and know about what we are actually facing, because when you take the wrong step, regret will be a certainty.

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August 27, 2024, 09:14:57 PM
 #1256

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.
Do you know that if the rich gambler loses self control over gambling, he will become addicted and gamble can wreck him into a poor man because it is very easy for that to happen. I have seen several rich men who became broke due to excessive gambling and it ruined their lives from riches to poverty. Gambling is same as doing drugs so what matters is self control and self discipline for one not to become an addict and lose everything to gamble.
If a rich gambler keeps spending more time on gamble, he will suddenly become addicted to gamble, and ones he's addicted if he did not notice the sudden change on his gamble activities (like staking higher amounts, having much interest or spending much time on gamble activities) he will lose everything that he have. Gamble is not for those that believe to get rich through it, it a gambler is opportuned to win huge money through gamble, that's probably his luck.

 
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August 27, 2024, 09:26:43 PM
 #1257

Indeed, no one will prohibit it because in the end, the conditions and all forms of consequences are borne by the gamblers themselves regardless of whether they are rich people or poor people, all the same when they gamble then they are responsible for what they do. The problem is that sometimes the goals of the rich and the poor in looking at gambling are different and this is what is worried about because surely we know that most poor people to gamble is to improve their economic conditions by expecting large profits in gambling which will be used to make their economy better.

This is not right because this will actually make them lose their way in gambling because their goals are a little wrong especially they sometimes use all the money they have to gamble which makes this very more risky than the rich people who do it. Tbh this condition makes them have to think more clearly but when their thoughts are already covered with the ambition of big profits without seeing the risk of defeat which will certainly be much greater in gambling they are not ready to accept it.
minority or majority of gamblers from the lower middle class. because I often see it often happens when in different environments. very concerning is the existence of excessive opinions about gambling because the impact is beyond control which is very dangerous. must be wise if you don't want to fall but most of them are carried away by lust
It is difficult to prevent because it is a situation that inevitably occurs where they want an instant condition to change their economic status for the better but the way they take steps with gambling is a mistake.

They will not realize that they are making a mistake so we will see many who seem to think that gambling is one way to make them earn money so that not a few people spend almost the entire daily income they have (for poor or middle to lower class people) to be used as gambling because their ambitions and false hopes are greater than rational thinking to do gambling responsibly.  Where I live now there are still many who do this and this kind of situation is difficult to prevent because they will not be banned until they come to their senses.

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August 27, 2024, 09:33:20 PM
 #1258

Gambling an activity for fun also has the chance to turn someone's fortune. Calculated risk when taken in gambling can be the way to big wins from gambling. Who do you think should take more risk in gambling? The rich gambler or the gambler who is not yet rich. If a rich gambler takes risks in gambling, they are risking losing money and becoming poor from gambling, or getting richer, when a gambler who is not yet rich gambles, they can also get poorer or richer, so the gambler who should take the risk should be the gambler who can handle the dangers of the risk like losing too. When a rich gambler loses from taking a risk, there is a better chance of them being in a position to manage with the losses, than someone struggling financially who a big loss will really affect. So, I am confused after asking myself this question and answering it, does this mean a poor gambler should continue to play it safe in gambling? With no risk, how can a poor gambler change their fortune in gambling?

A "poor" gambler has a totally different outlook in life and mentality. What little money they have might mean the difference between staying in their home or getting kicked out on the streets, or it might mean the difference between their kids eating tonight or not. When you have little money it means even more to you than the other end of the spectrum. Losing that little amount with nothing tangible to show for it will make you sick and angry, yet it can all disappear in a few clicks or dropping money into a slot machine. For someone with very big bank accounts, a gambling session might just be a casual piece of entertainment, because they have the foresight to know that casinos are the only long term winners in this equation.

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August 27, 2024, 11:09:13 PM
 #1259

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.

One has nothing to lose, and the second - everything, so to speak, you are right.
Both has something to lose.

But the advantage of the rich is that they've got more resources but still if they're losing, they lose money as well and they're just more capable of losing more than the poor ones.

It's still painful to lose money and I think that the rich folks also contemplate that moment and when they do, they just choose not to stick to that feeling for so long if it's not going to lose their entire riches.

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August 28, 2024, 05:45:36 AM
 #1260

Difference Between Rich and Poor Gamblers Poor gambler loses money because he doesn't have the money for the next gamble, so the poor gambler gambles with a lot of thought. On the other hand, the rich gambler doesn't worry about them even after losing several times.  Because he has enough money to gamble. But gambling depends entirely on luck, no one can ever say who will win in gambling.
That's the basic difference of rich and poor gamblers.

The poor ones likely to gamble for a few times and when ran out out of luck, you'll never know when will be the next time that they will gamble again.

The rich ones are easy, nice going and have a lot of funds to gamble for as long as they can be.

One has nothing to lose, and the second - everything, so to speak, you are right.
Both has something to lose.

But the advantage of the rich is that they've got more resources but still if they're losing, they lose money as well and they're just more capable of losing more than the poor ones.

It's still painful to lose money and I think that the rich folks also contemplate that moment and when they do, they just choose not to stick to that feeling for so long if it's not going to lose their entire riches.

It's easier for them to let go, you are right Grin

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