Rich or poor gambler, who should risk more?

[Jody.Drummer]

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

that's for sure because the majority of gamblers definitely gamble with the aim of making money and this does not apply to only one party, but this applies to those who are poor or rich because it is about perception and mindset that exists while you and I do not know what is clearly in our minds each of us the same as the minds of other people out there. but maybe what is clear is that the desire to make money from gambling is a mindset that is widely possessed by every gambler.
it is unlikely that they can control their own logic, I am not a hypocrite about that because I myself have experienced it, but for now I have succeeded in controlling myself and logic when gambling. A person who takes big risks is someone who has too much hope in gambling that they cannot think that gambling might only make them lose money instead of making money.

[betswift]

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

that's for sure because the majority of gamblers definitely gamble with the aim of making money and this does not apply to only one party, but this applies to those who are poor or rich because it is about perception and mindset that exists while you and I do not know what is clearly in our minds each of us the same as the minds of other people out there. but maybe what is clear is that the desire to make money from gambling is a mindset that is widely possessed by every gambler.
it is unlikely that they can control their own logic, I am not a hypocrite about that because I myself have experienced it, but for now I have succeeded in controlling myself and logic when gambling. A person who takes big risks is someone who has too much hope in gambling that they cannot think that gambling might only make them lose money instead of making money.

We all should strive to master our ability to restrict and control ourselves in dire situations, and in good ones too. It's essential, for gambling - especially.

[l3pox]

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.

no matter how rich or how poor, if one constantly exposes themselves to the risk of ruin one day the goddess of luck won't smile at him anymore...
this is how life is
it's better to be prepared for all outcomes than to count on luck each and every time.

[jossiel]

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

Because they know that they still have something left but the pain is there.

We can see the perfect example through Drake. He's rich and yet he's losing a lot of money from his bet. He can easier go back whenever he's been left by his losses.

But for sure there's a feeling like pain of losing it but it doesn't stay for so long.

[Kavelj22]

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.

no matter how rich or how poor, if one constantly exposes themselves to the risk of ruin one day the goddess of luck won't smile at him anymore...
this is how life is
it's better to be prepared for all outcomes than to count on luck each and every time.

This is true and I agree with you that risk remains risk regardless of the social and financial status of the adventurer. However, in this topic, OP was able to distinguish between the two types of personalities in general (rich and poor) and tried to show the differences in their practice of gambling activity, considering that the degree of risk cannot be the same compared to the financial status of each of them. Let us not deny that there is a big difference between them. The risks of gambling differ greatly between the rich and the poor. While the rich can risk large sums of money without significantly affecting their lives, the poor may risk everything they own, which exposes them to the risk of complete loss and significant destruction in their economic situation. Therefore, gambling is particularly dangerous for the poor, as it can lead to huge debts and extreme poverty, while the rich can bear the loss without facing major financial distress.

[Hamphser]

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.

no matter how rich or how poor, if one constantly exposes themselves to the risk of ruin one day the goddess of luck won't smile at him anymore...
this is how life is
it's better to be prepared for all outcomes than to count on luck each and every time.

This is true and I agree with you that risk remains risk regardless of the social and financial status of the adventurer. However, in this topic, OP was able to distinguish between the two types of personalities in general (rich and poor) and tried to show the differences in their practice of gambling activity, considering that the degree of risk cannot be the same compared to the financial status of each of them. Let us not deny that there is a big difference between them. The risks of gambling differ greatly between the rich and the poor. While the rich can risk large sums of money without significantly affecting their lives, the poor may risk everything they own, which exposes them to the risk of complete loss and significant destruction in their economic situation. Therefore, gambling is particularly dangerous for the poor, as it can lead to huge debts and extreme poverty, while the rich can bear the loss without facing major financial distress.

Yes, and this would really be the key and its really that true that in regardless on whats your financial status or standing whether rich or poor on on which in speaking about gambling risks then
everyone would really be having that kind of possibility that they could really be able to face on on which it would really be just that normal. It do really just that turned out that rich
people would be losing more but since they are financially capabled then t hey would really be able to sustain not unless if they would be keeping on coming back and made themselves loses continously,
then this is where it would really be sleeping on the streets on the time that you would be doing such action. The key on here is on how you would really be able to enjoy the game
without trying out to chase on being a winner, leisure thing is what w are trying out to achieve on here.

[Dewi Aries]

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

Because they know that they still have something left but the pain is there.

We can see the perfect example through Drake. He's rich and yet he's losing a lot of money from his bet. He can easier go back whenever he's been left by his losses.

But for sure there's a feeling like pain of losing it but it doesn't stay for so long.

Yes and I think it is a natural feeling to be felt by everyone who experiences something undesirable such as losing money, regardless of whether from the beginning you already know and understand the risks but still the feeling of discomfort will definitely be felt, but certainly do not let there be significant emotions and regrets in the situation, because that can be the initial trigger to push you to various impulsive actions.

On the other hand, for the problem of easy or difficult to let go of something that has been lost, I think it does not really depend on a person's financial situation, but depends on the responsibility that each person has, simply even though for example you are a person who has a middle financial level or maybe quite poor but if you have good responsibility in the sense of understanding that defeat is a natural part of the game then emotions, annoyance, and regret should not occur in you.

[ChiBitCTy]

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.

no matter how rich or how poor, if one constantly exposes themselves to the risk of ruin one day the goddess of luck won't smile at him anymore...
this is how life is
it's better to be prepared for all outcomes than to count on luck each and every time.

This is true and I agree with you that risk remains risk regardless of the social and financial status of the adventurer. However, in this topic, OP was able to distinguish between the two types of personalities in general (rich and poor) and tried to show the differences in their practice of gambling activity, considering that the degree of risk cannot be the same compared to the financial status of each of them. Let us not deny that there is a big difference between them. The risks of gambling differ greatly between the rich and the poor. While the rich can risk large sums of money without significantly affecting their lives, the poor may risk everything they own, which exposes them to the risk of complete loss and significant destruction in their economic situation. Therefore, gambling is particularly dangerous for the poor, as it can lead to huge debts and extreme poverty, while the rich can bear the loss without facing major financial distress.

This is well stated!

 I know I chimed in to this discussion at one point but I think it's important to point this out.. if you're poor DO NOT GAMBLE!!!  This is one of the worst things you could do if you're poor and trying to get out of poverty.  In fact, many gambling "games" are directed right at the poor, to keep you poor and make them rich.  Scratch off tickets are on of the best examples.  Here in the U.S. how many times have you been standing in line at the gas station, or grocery store being stuck behind someone buying all sorts of lotto tickets..not to be mean but it's often easy to see one's financial status by how they're dressed/speak.  Again, this isn't across the board, but it's pretty obvious that most of the people doing this are of lower income.  I always think to myself, "what a waste of money,  why not put those few dollars in the bank or at the very least if you want to gamble, why not put the money towards bitcoin or some cheap crypto coin that might pump..which I would NOT recommend, but still better than your chances of striking anything worth while via scratch off tickets. 

This is using just one example, but it applies to all of gambling.  If you're poor, just say no!

[Wakate]

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.

The rich has the way they gamble compared to those that don't really have huge money to gamble with bigger risk. I think they rich people mostly gamble with bigger risk because they have the money to spare. A poor person or average would rather book so many matches and use small amounts of money to bet on them, but when it comes to the rich people, they would rather select few gamble and stake it with huge amounts of money because they believe in using money to get money. They could use $50k to bet on a single match just to win $100k or $75k making them to take bigger risk compared to the average people that would rather use the same money to bet on several games.

[jossiel]

Because they know that they still have something left but the pain is there.

We can see the perfect example through Drake. He's rich and yet he's losing a lot of money from his bet. He can easier go back whenever he's been left by his losses.

But for sure there's a feeling like pain of losing it but it doesn't stay for so long.

Yes and I think it is a natural feeling to be felt by everyone who experiences something undesirable such as losing money, regardless of whether from the beginning you already know and understand the risks but still the feeling of discomfort will definitely be felt, but certainly do not let there be significant emotions and regrets in the situation, because that can be the initial trigger to push you to various impulsive actions.

On the other hand, for the problem of easy or difficult to let go of something that has been lost, I think it does not really depend on a person's financial situation, but depends on the responsibility that each person has, simply even though for example you are a person who has a middle financial level or maybe quite poor but if you have good responsibility in the sense of understanding that defeat is a natural part of the game then emotions, annoyance, and regret should not occur in you.

I agree.

Someone who's got a big responsibility and then lost his bets and he's on the middle class, that's still going to tick him badly.

So, instead of betting then don't bet at all so that responsibilities won't be an hindrance to his betting or whenever the obligations are done finally that's the time that type of person is free to bet.

[Jody.Drummer]

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

that's right even many people who gamble most of their goals are to get profit unfortunately profit in gambling is not easy to get even this mindset where they think that they can make a profit by gambling it will only make them addicted. another is that everyone can experience addiction, whether it's poor or rich because their wrong goals will lead them to the wrong side. only a few gamblers can control themselves very well to make everything under control well, most people gamble often with the wrong assumption so that the steps they take are wrong and make them experience misery. apart from that rich people have a lot of money to bet, even though they lose the bet they might not hesitate to gamble again and this can make it easier for them to become addicted if they can't stop gambling or can't limit their gambling.

[Su-asa]

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.

You can simply say the poor should gamble within their means because gambling isn't made for only the rich people, it's a game anyone can engage in for the purpose of having fun but the problem with some people is that they take big risks, they stake above what they earn just because they want to get rich quick, gambling this way will only put that poor gambler in more financial crisis. Everyone has a certain amount that they can afford to lose. Even rich gamblers don't have an unlimited bankroll

[AirtelBuzz]

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 think how much a person can risk in gambling depends on his income. Moreover gambling depends on luck so both rich and poor can gamble Both have a chance of winning even in gambling. But there are low and high levels of risk between these two individuals. Since the rich are financially well off, they have less risk if they gamble. Even if they lose from gambling, they will not suffer much. But the case of the poor is different. Many poor people are opting for gambling to improve their financial position and they think that they can change their fortune through this  gambling platform. Which is becoming more threatening for them.

[ethereumhunter]

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.

You can simply say the poor should gamble within their means because gambling isn't made for only the rich people, it's a game anyone can engage in for the purpose of having fun but the problem with some people is that they take big risks, they stake above what they earn just because they want to get rich quick, gambling this way will only put that poor gambler in more financial crisis. Everyone has a certain amount that they can afford to lose. Even rich gamblers don't have an unlimited bankroll

But the poor will still playing gambling to keep trying to win the games because they thinks that by winning the games, that gives them the money that they can use to fills their daily needs. Gambling is for all people who willing to risks their money, no matters if they rich or poor so we can not stops them from playing gambling. They just need to know how to manage the risks so that will not makes them lose much money. But if they can not change themselves and not trying to manage the risks, they will just lose more and more money while they still difficult to win the games. The poor needs to reduce the risks of losing the money from gambling because they must thinks about how they will fills their daily needs if they use too big money especially if that money will be used for buy their primary things. If we talk about who should risk more, that will be not for rich and poor people who playing gambling because that will gives them lose too much money.

[Fredomago]

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 think how much a person can risk in gambling depends on his income. Moreover gambling depends on luck so both rich and poor can gamble Both have a chance of winning even in gambling. But there are low and high levels of risk between these two individuals. Since the rich are financially well off, they have less risk if they gamble. Even if they lose from gambling, they will not suffer much. But the case of the poor is different. Many poor people are opting for gambling to improve their financial position and they think that they can change their fortune through this  gambling platform. Which is becoming more threatening for them.

In some cases, rich gamblers who are just playing to earn some entertainment will manage to let go the amount that they'll going to lose knowing that they can easily recover that with business or jobs that they got, unlike with how poor gamblers treats gambling they are in hope that they can double their money though same luck for both sides but the treatment and the level of risk that they are taking might be different, unless rich gamblers also fall to addiction that might lead him to that same treatment as poor gamblers did.

[Dewi Aries]

Yes and I think it is a natural feeling to be felt by everyone who experiences something undesirable such as losing money, regardless of whether from the beginning you already know and understand the risks but still the feeling of discomfort will definitely be felt, but certainly do not let there be significant emotions and regrets in the situation, because that can be the initial trigger to push you to various impulsive actions.

On the other hand, for the problem of easy or difficult to let go of something that has been lost, I think it does not really depend on a person's financial situation, but depends on the responsibility that each person has, simply even though for example you are a person who has a middle financial level or maybe quite poor but if you have good responsibility in the sense of understanding that defeat is a natural part of the game then emotions, annoyance, and regret should not occur in you.

I agree.

Someone who's got a big responsibility and then lost his bets and he's on the middle class, that's still going to tick him badly.

So, instead of betting then don't bet at all so that responsibilities won't be an hindrance to his betting or whenever the obligations are done finally that's the time that type of person is free to bet.

Yes, so the point is that there is always a response or reaction issued by someone when they experience defeat but it also depends on whether the person is a responsible gambler or not, it does not mean that a responsible gambler will not have any reaction but the annoyance or disappointment they will feel will not be too significant and different from irresponsible gamblers such as those who are addicted.

And maybe I will repeat something I have said before that the issue of responsibility does not depend on a person's financial situation but rather on whether they have a correct understanding or not of the concept of gambling, especially about winning and losing.

For me, gambling is a choice, in the sense that you are free to choose to gamble or not at all but the best thing is to try that every decision you make must be based on rational considerations.

[LUCKMCFLY]

To me using $100 to gamble is way too big to be considered as what one can risk  . Though most people sees as small amount of money but there's certain amount of $100 you may loss and think is a small amount of money, but when it will get to point you will know that the amount of money you considered small turnup to be something huge after calculating the losses

Of course, of course it is like that, when I bet in a casino I don't even risk 10usd, even if I lose 5usd it hurts a lot, but since there are so many people in the world with different degrees of economic situations, for someone 100usd is nothing, even if I raise the bet up to x10, for me it is a lot of money that if I lose it I think I would not return to the casino for about 1 year, but According to each person's situation the situation varies, that is why each person has to bet the Amount of money they are willing to lose.

[jossiel]

I agree.

Someone who's got a big responsibility and then lost his bets and he's on the middle class, that's still going to tick him badly.

So, instead of betting then don't bet at all so that responsibilities won't be an hindrance to his betting or whenever the obligations are done finally that's the time that type of person is free to bet.

Yes, so the point is that there is always a response or reaction issued by someone when they experience defeat but it also depends on whether the person is a responsible gambler or not, it does not mean that a responsible gambler will not have any reaction but the annoyance or disappointment they will feel will not be too significant and different from irresponsible gamblers such as those who are addicted.

And maybe I will repeat something I have said before that the issue of responsibility does not depend on a person's financial situation but rather on whether they have a correct understanding or not of the concept of gambling, especially about winning and losing.

For me, gambling is a choice, in the sense that you are free to choose to gamble or not at all but the best thing is to try that every decision you make must be based on rational considerations.

Right.

A responsible gambler will also feel that loss and that's why whether you have a lot of money, a responsible gambler or just casually gambles. You're going to feel it anyway.

And that's why there is no status of life that this feeling will give to every loss that we make when we bet. Risking is our decision and it won't need any validation for how well are we doing in life and our financial status is.

[Etranger]

that is why each person has to bet the Amount of money they are willing to lose.

I hear that statement so often, and at first it made sense for me, but now I have doubts about that, because I think that there is no amount if money someone is willing to lose.. Nobody want to lose money, especially in a few seconds just by losing in a casino game. The reason why people bet relatively high amount of money is not that those money is nothing for them, no.

In my opinion, they act like that because they are blinded by the possibility of a potentially huge win. In many threads I come across the idea that gambling regulars are not interested in winning x2, x5 or even x10. They are aiming for x1000 and more, and are ready to lose until they become lucky enough to catch such xxx. Based on that, making x1000 on $10 or on $100 is a huge difference. And if a gambler is aiming for a large percentage of winning, he will also risk a large deposit so that the absolute numbers of winning are worth all those unsuccessful attempts that were made before.

[Dewi Aries]

Yes, so the point is that there is always a response or reaction issued by someone when they experience defeat but it also depends on whether the person is a responsible gambler or not, it does not mean that a responsible gambler will not have any reaction but the annoyance or disappointment they will feel will not be too significant and different from irresponsible gamblers such as those who are addicted.

And maybe I will repeat something I have said before that the issue of responsibility does not depend on a person's financial situation but rather on whether they have a correct understanding or not of the concept of gambling, especially about winning and losing.

For me, gambling is a choice, in the sense that you are free to choose to gamble or not at all but the best thing is to try that every decision you make must be based on rational considerations.

Right.

A responsible gambler will also feel that loss and that's why whether you have a lot of money, a responsible gambler or just casually gambles. You're going to feel it anyway.

And that's why there is no status of life that this feeling will give to every loss that we make when we bet. Risking is our decision and it won't need any validation for how well are we doing in life and our financial status is.

Yes, it does not mean that when you become a responsible gambler as suggested by many people then you will be free from the risk of losing, not like that, because no matter how good your approach to gambling is, the risk is still a possibility that will definitely befall you and all gamblers at certain times, but one of the reasons why we are always advised to be responsible gamblers is because when we realize the risk then we will not feel too emotional or regretful when defeat occurs, and another benefit is that we are also likely to avoid various impulsive actions and decisions, because usually it is always triggered by dominant emotions. And also yes, life status such as whether you are rich or poor, the feeling of discomfort over defeat will definitely be felt but it will not be too deep when you are a responsible gambler. So whoever you are, only you know what is best for you.