$5 lost by a poor gambler is worth to him than $1K lost by a rich gambler

[Cryptoprincess101]

In short, no one is safe in gambling, even the rich ones, as it's also possible they'll go bankrupt if they don't control themselves. No gambler has unlimited money, so we should all gamble responsibly. Rich people gamble big as that gives them the thrill, and it's the same with poor people, who are also gambling not just to feel the thrill but with the high hopes of winning.

Poor or rich people, no one is safe; whatever amount is involved, you can become addicted starting at a small amount, or you can start at an enormous amount; there's on the same level when it comes to addiction; addiction is when you keep gambling with whatever amount, and you neglect your job, and your family in short gambling has become your priority regardless of the amount, regardless of your status.
When curing gambling addiction, I doubt if professionals will look at status. They will prefer to see the urge and the frequency regardless of the amount.

There's no reasonable person, be it a poor gambler or a rich gambler that won't feel the impact of losing money to gambling because a rich gambler plays with huge amounts but most of them feels bad when they lose because even though they are rich, they work so hard before they became rich so losing money why trying to win more money affects the rich people also because even the rich people don't use gambling as a wey of having fun. They prefer having fun in others things than in gambling so if they are playing with huge of money they are also playing to secure a win so when the win don't come through they can still become emotional and decides to drink it off, the only problem the poor gambler has is that any amount they lose in gambling they feel it so much and they mostly depends on gambling to get out of poverty which they even end up getting poorer.
        Addiction to gambling is just a habit that is being nursed till you have found yourself in a situation where you can't control your urge for gambling and decide to even focus so much in gambling and disregard other things that gives you money. Gambling addiction is difficult to cure except by divine intervention whereby an addicted gambler just decide one day to quit gambling because even if they reduce the time they spend in gambling activities they will still fall back again to addiction.

[swogerino]

Money is precious; it doesn’t matter how much you lose. If it’s your hard-earned money, then definitely you will feel bad. Gambling is all about luck; hence, we need to make ourselves aware that if we gamble, then there is a high possibility of getting into losses. Hence, we need to take the risk accordingly and bet with the amount that we can afford to lose. Now regarding poor and rich, if the gambler is rich, then I don’t think he does gambling in a serious tone. According to me, a poor person gambles when there is a necessity of money, and on the other hand, a rich person gambles for the purpose of recreation.

I think this is way relative.I have lost big lately,well not so lately some weeks ago in the last time I played at a casino and that led me to now only play 10-15 dollars a week.I don't mind when I lose 15 dollars a week as 15 dollars do not mean much to me and although I don't consider myself rich,for me that 15 dollars is pocket money for two days to drink a coffee with friends,so I don't really care about it.I play it all in most of the times or I do 3 bets with 5 dollars each,most of the time buying bonuses and trying my luck there three times knowing that in 99% of cases I will lose it all yet if I win something there I continue playing increasing the bet and by doing this I dream one day to hit a max win with a big bet,that is stupid thinking I know but that is the way it is.

If I were to not have money to buy food and groceries then this would hurt me to lose even 5 dollars,so all depends from the perspective of each gambler.

[Eternad]

So I am trying to pick some statics to understand between the poor and the rich who gambles more for profit.
There in, I am convinced that the poor takes the lead because if we are to gamble with with is affordable to loose, the poor may actually not find the least stake of their $5 affordable to loose but yet they risks it on gambling. What for? Of course it is aimed to profit in returns and when they looses it, they goes frustrated and timely empty handed looking other means of raising as little to come back and keep trying again if they could win. Their major concern is to win and profit and never find fun as they play.

Actually, Poor gambler is the most terrible when it comes to gambling addiction. Regardless of the small amount of loss, even they can’t afford yet they keep repeating to do it hoping for a massive big win since 5$ can be earned by them through different ways.

We shouldn’t compared the ratio based of bankroll between poor and rich since rich people has their own source of income that can cover losses immediately while poor needs to resort on different things such as illegal method just to gain quick money.

This is why gambling is never intended for poor because it’s just a source of entertainment for people with money that they can afford to lose.

[robelneo]

As for the riches tending to gambling for profits, even if they looses $1K + such as we have Drake has been, he actually don't feel so disappointed of the lost why? Because he has more and could afford so even while gambling for profits, they are not much financially or emotionally affected as the poor who can not afford the least lost on gambling.

For a gambler, every loss is a disappointment those addicted to gambling come to win with their bets regardless of the amount, they will even chase their losses for a small amount we cannot assume that small bettors are hurting than big bettors and we cannot also assume that rich bettors can lose money because he has more.

There are rich gamblers who lose a small amount of money and, out of pride, chase their small loss until they lose a lot of money. The amount of money cannot define the character of those addicted to gamblers; it's their motivation that will define them.

[HelliumZ]

Five dollars is too much for a poor gambler to manage, so his loss of $5 would be equivalent to a loss of $1000 for the rich. In my country a poor gambler especially a rickshaw puller wants to bet five dollars in gambling then he has to drive a rickshaw for a whole day and then manage the money.  In this case, it is impossible to bet five dollars in gambling by maintaining his family. But a rich gambler does not have to do any extra to manage money, so even if he has to bet 1000 dollars in gambling, he does not have to suffer as much as a poor gambler.  So a comparison between rich gambler and poor gambler in terms of money management alone will show that the rich gambler's 1000 dollars and the poor gambler's 5 dollars are about the same.

[serjent05]

Poor people losing $5 may not be equivalent to the $1000 loss of a rich gambler.  $1000 is just a penny for rich people while $5 may be the full wealth of a poor.   Many poor people in my place often don't have savings and the one they are holding are their full wealth.  Although the amount is not the same the poor people can't afford to lose $5 while rich people can easily let go of that $1000 so I think the comparison in accordance to the reference value is a bit off.

Anyway, regardless, one must gamble responsibly and the poor should avoid gambling their remaining money. 

[EluguHcman]

Money is precious; it doesn’t matter how much you lose. If it’s your hard-earned money, then definitely you will feel bad. Gambling is all about luck; hence, we need to make ourselves aware that if we gamble, then there is a high possibility of getting into losses. Hence, we need to take the risk accordingly and bet with the amount that we can afford to lose. Now regarding poor and rich, if the gambler is rich, then I don’t think he does gambling in a serious tone. According to me, a poor person gambles when there is a necessity of money, and on the other hand, a rich person gambles for the purpose of recreation.

I think this is way relative.I have lost big lately,well not so lately some weeks ago in the last time I played at a casino and that led me to now only play 10-15 dollars a week.I don't mind when I lose 15 dollars a week as 15 dollars do not mean much to me and although I don't consider myself rich,for me that 15 dollars is pocket money for two days to drink a coffee with friends,so I don't really care about it.I play it all in most of the times or I do 3 bets with 5 dollars each,most of the time buying bonuses and trying my luck there three times knowing that in 99% of cases I will lose it all yet if I win something there I continue playing increasing the bet and by doing this I dream one day to hit a max win with a big bet,that is stupid thinking I know but that is the way it is.

If I were to not have money to buy food and groceries then this would hurt me to lose even 5 dollars,so all depends from the perspective of each gambler.

With your story @swogerino, I consider you an average amidst a rich gambler who could mindedly lost about $1K and does not care and a gambler who looses that your range of your $10-$15 or below and cries out loud.

Richness and poorness is by levels. Literally for a gambler to be moved by when lost $5, it certainly means he struggles to afford it so his mindset to had staked it on bet was a goal of multiplying it. Literally there is never no amount of money to be affordable to loose by such gambler even though it is just $1.

So then, gambling for fun is either not for such person as what he needs more is how to make money before coming to play these games of trying lucks in gambling.

[Julien_Olynpic]

The concepts of poverty and wealth are relative. And there are many transitional stages between an extremely poor person and one who is rich. Even being rich can be different. There are probably countries where you can be relatively rich even with a capital of several tens of thousands of dollars. In many developed countries, a person with a capital of 1 million dollars, 10 million dollars, and 1 billion dollars will be called rich. There are billionaires whose capital amounts to hundreds of billions of dollars. And for all of them, the same amount, of course, will have a different value. However, losing, say, 5% of capital in 1 game will be extremely unpleasant for everyone.

[Sandra_hakeem]

Anybody that feels he isn't supposed to lose, or (maybe because he wasn't informed prior to his trial) is as good as someone that sells, makes expenses and profit but doesn't calculate anything to know if they're running on a loss or not.

Having known this - just as undeniable as the fact that we're all gonna die - you're always gonna lose...hence, whatever loses you incure shouldn't bother us (that is, if it bothers you). Always remember to wager only what you can afford to lose.
Everybody feels regret for any single dime spent unwisely; The difference is that it doesn't show in a rich person's emotions/countenance.

[Pandu Geddon]

Anybody that feels he isn't supposed to lose, or (maybe because he wasn't informed prior to his trial) is as good as someone that sells, makes expenses and profit but doesn't calculate anything to know if they're running on a loss or not.

Having known this - just as undeniable as the fact that we're all gonna die - you're always gonna lose...hence, whatever loses you incure shouldn't bother us (that is, if it bothers you). Always remember to wager only what you can afford to lose.
Everybody feels regret for any single dime spent unwisely; The difference is that it doesn't show in a rich person's emotions/countenance.

rich people have more capital that they can allocate to bet. they know how to get money back if they lose some of their money in gambling.
you may also realize that gamblers who are poor, or with small capital will bet more money they have to get bigger wins. what may make the difference is that rich gamblers understand the limits in using their money, while poor gamblers do not care about those limits. they hope to bet more and get bigger.

[GeorgeJohn]

Like we kept discussing on other boards that Bitcoin trading or investment is not a convenient sector for an individual who does not have a source of income to invest their funds on otherwise, when they are in need of money, their Bitcoin assets becomes the only hope for them and the will be push to sell without undermining if profited or lost.

Anyone that indulge in cryptocurrency investment should have another business and call cryptocurrency mostly Bitcoin investment as a side hustle, because when looking at cryptocurrency investment is like investment of 50/50 because know body knows when the price of bitcoin will increase or decrease in value, so anyone who develops interest for investment of neither bitcoin and alternative coins should have in mind that is not that rich base on it's now a cryptocurrency investor, the tendency of you to be through cryptocurrency is slim

This is equivalent in gambling, we have as much discussed about gambling not being a good approach to rely on for source of income but a place to bet and gaming for funs but prettily potential to be profited if lucky to win more than the values of your stakes or even losts.

when you give the statistics of people who participate in gambling you will that their is a lot of ratio of people who lose much and people profited in gambling just weekly or monthly statistics, it's obvious that in gambling people who lose is much higher than people  who profit in gambling, so sometimes we partake in gambling base we just want to catch cruise and also keep ourselves on opportunity trial not having a conclusion mindset that you will definitely be profitable through gambling, when you have such mindset it's obvious that you maybe depressed in future because it's obvious that you will experience more loss than winning.

[ethereumhunter]

Five dollars is too much for a poor gambler to manage, so his loss of $5 would be equivalent to a loss of $1000 for the rich. In my country a poor gambler especially a rickshaw puller wants to bet five dollars in gambling then he has to drive a rickshaw for a whole day and then manage the money.  In this case, it is impossible to bet five dollars in gambling by maintaining his family. But a rich gambler does not have to do any extra to manage money, so even if he has to bet 1000 dollars in gambling, he does not have to suffer as much as a poor gambler.  So a comparison between rich gambler and poor gambler in terms of money management alone will show that the rich gambler's 1000 dollars and the poor gambler's 5 dollars are about the same.

But we knows that some poor gambler still trying to playing gambling and use that amount because they believe that they can win and makes money. Using $5 or more will depends on each people because if he willing to use that $5 to playing gambling, he will not complaint if he lose and accept it because he knows that he doesn't have luck to win the games. Someone must thinks about his family needs so he doesn't need to use that money instead to buy food for his family.

The money that they used to playing gambling will be different and we can not compare that with rich gambler because they don't have the same capital to playing gambling. But all of them have the same things to control themselves when playing gambling so they don't have to experience a big lose.

[nullama]

Like we kept discussing on other boards that Bitcoin trading or investment is not a convenient sector for an individual who does not have a source of income to invest their funds on otherwise, when they are in need of money, their Bitcoin assets becomes the only hope for them and the will be push to sell without undermining if profited or lost.

This is equivalent in gambling, we have as much discussed about gambling not being a good approach to rely on for source of income but a place to bet and gaming for funs but prettily potential to be profited if lucky to win more than the values of your stakes or even losts.

We have heard several stories of how gamblers has been financially and mentally affected at the course of addiction and loosing more than being afford simply because they are primarily aiming to make profits.

So I am trying to pick some statics to understand between the poor and the rich who gambles more for profit.
There in, I am convinced that the poor takes the lead because if we are to gamble with with is affordable to loose, the poor may actually not find the least stake of their $5 affordable to loose but yet they risks it on gambling. What for? Of course it is aimed to profit in returns and when they looses it, they goes frustrated and timely empty handed looking other means of raising as little to come back and keep trying again if they could win. Their major concern is to win and profit and never find fun as they play.

As for the riches tending to gambling for profits, even if they looses $1K + such as we have Drake has been, he actually don't feel so disappointed of the lost why? Because he has more and could afford so even while gambling for profits, they are not much financially or emotionally affected as the poor who can not afford the least lost on gambling.

Agreeably, some rich addicted gamblers do go bankrupts too but it takes processes to be drained they could loss but feels some fun expressions because they have more and could afford the lost at the moments but the poor start to feel drained at their first lost meaning gambling for profit is not a game for the poor else or even the inability to pull out when they are financially being affected.
In all, gambling without sustainabilities of income as you stick to gamble is not just a good place for anyone who is after making profit.

So since we can not make personal decisions for our fellow gamblers who had lost their prides in chasing the profits on gambling, let keep advocating for carefulness even while compromising the concept of gambling as a game of fun and not to be enriched.

I think the main thing to consider is not how much money the gambler has right now, but instead the gambler's ability to generate more money in the future.

If the poor person only has $5 now and loses it, but has the ability to generate more money by using their skills or whatever, then that person is going to end up in a better situation than a rich person that gambles a lot and loses it all and doesn't have a way to generate more money in the future.

At the end of the day the ability to generate money is worth way more than just a static amount of money, specially given the fact that inflation eats away most of the value of money that is not invested.

[Joca97]

Money is precious and if you have a small amount of it even 5$ can feel like 500$ or more. So if you see people that are betting huge they how money to spare or are risking hard. But sometimes the players with small bets are more afraid of lossing then the bigger players. So the amount dosent matter because 5$ can feel like 10k when its your last money

[Dr.Bitcoin_Strange]

If a poor gambler stakes $5, which he or she is not ready to lose, then it can be considered greed, and they must be ready to accept the consequences of their decision. Every gambler, rich or poor, should only stake the amount of money they can afford to lose. Some of those rich gamblers who put in a lot of money into gambling only stake the amount that they can comfortably lose, and because they stake a huge amount, they can luckily make a huge profit if the game is in their favor. Although some rich gambler can go bankrupt through gambling addiction but it's not so for every rich gambler. Some rich gamblers are still responsible gamblers.

The fun in gambling is playing your favorite game and staking only the amount that you can comfortably lose. For poor gamblers, if $1 is the least amount they can afford to lose, it's better to risk losing just that small amount than a huge amount.

[bering]

For rich people especially for the millionare lost with huge amount of money into gambling is not a bid deal for them even some of them probably will never counting how much money they have lost in gambling because as long as it can satisfied their hobby then rich people don't mind to lost huge amount of money and i think people have already know that there are some millionares who makes gambling as their hobbies and they still comfortable to do that because they have plenty source of income and never worried to lost money

But it could be very different for poor people because to fulfill their daily needs poor people usually have to work very hard and paid with low salary so the money such as 5 dollar will be very valuable for them and if they putting those money into gambling and lost then potentially poor people will have nothing left so that's why for negative impact from gambling poor people is more risky than rich people so that's why poor people should be stay away from gambling

[Huppercase]

~snip~

Poor people are most often not educated enough in finance to use their money for investing. In their mind, investing is too complicated and they think that the probability of losing all their savings in investing is higher than in gambling. In my opinion, many of them will choose to try their luck in a casino rather than buy some bitcoin for a long-term investment. Of course it is everyone's business, but I think that everyone should buy some bitcoin for the future, and play gambling just for fun.

Poor people understand finance the way rich people understand finance and we have poor people that understand nothing about finance but you can never see a rich person that doesn't understand finance. I think desperation is what make poor people do things to make quick money because they always wish to be like the rich people and enjoy how the rich people do, this is why you see that when it comes to risk, the ones that doesn't understand finance tend to make too risky moves.

If a rich person has $1k to gamble for instance, he will probably make 1 or two games and stake that money to witter double the money but if a poor person is given $100 to bets, instead of him to make the same move and bets in less risky game, they will rather bet with 5-10 odd to get potential pay out like the rich person but you can see their risk management is not the same, this is the difference between rich and poor financing.

[Onyeeze]

Money is precious and if you have a small amount of it even 5$ can feel like 500$ or more. So if you see people that are betting huge they how money to spare or are risking hard. But sometimes the players with small bets are more afraid of lossing then the bigger players. So the amount dosent matter because 5$ can feel like 10k when its your last money

the thing is that anyone who is betting with a small amount of money knows the gravity of that particular game that is using small amount of money to gamble and there anyone also who is better amount of money also knows the gravity of the game that is betting so that is why they will not blame anyone who uses a small amount of money to bet because it knows the capital and in source of getting income so that is why people gamble with the different amount of money they feel like to gamble but when you are sure of what you are gambling for and you are sure of winning it is obvious that you must have used a bigger amount of money to place your stake

[khiholangkang]

The concepts of poverty and wealth are relative. And there are many transitional stages between an extremely poor person and one who is rich. Even being rich can be different. There are probably countries where you can be relatively rich even with a capital of several tens of thousands of dollars. In many developed countries, a person with a capital of 1 million dollars, 10 million dollars, and 1 billion dollars will be called rich. There are billionaires whose capital amounts to hundreds of billions of dollars. And for all of them, the same amount, of course, will have a different value. However, losing, say, 5% of capital in 1 game will be extremely unpleasant for everyone.

Talking about the value or not of money lost in gambling I think it is as relative as rich and poor to your opinion, this goes back to the principle of how a person values his money, ii is subjective, more precisely it can be justified and refuted through random wild assumptions.

But it could be that someone who has $1 million he would still feel troubled about losing $5 because he values his money so much, something like that might happen to a person's attitude with the money he loses, including in gambling, if $5 is valuable to the poor, why would he play it in gambling, I think the logic of thinking like this might be a little messy.

[uneng]

That is why gambling is more suitable for those who already have money and not for those who are looking for ways to earn money. Gambling is a hobby activity poor individuals can't afford to maintain in most cases, otherwise they are going to be heavily prejudiced from the financial point of view, becoming unable to thrive financially. Realistically speaking, poor individuals should stick themselves to lottery tickets from times to times, while rejecting every other categories of gambling.

Once the individual reaches a comfortable life status, then it's possible for him to give himself the right of being a gambler, and that is: only for entertainment purposes. That is the most reasonable balance I can think about on how gambling can be introduced in someone's life without further prejudice. The problem is that it's not how gambling is being promoted nowadays, rather gambling is being promoted as a source of extra income by different social influencers, what triggers the interest from poor people who is struggling to survive.