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

[dezoel]

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.

A small capital can still be allocated for betting. We can even play without depositing our own money as some gambling sites offer free play (demo mode) or by giving us free chips. If we are lucky we can still be able to withdraw what we win from here. Most of us sure do have a job to sustain our selves, so not only rich but even the poor gambler also knows where to get money, in case they lose the money that they allocate here in gambling.

It was actually the rich are the ones who can bet more because like you said earlier, they are able to pour more capital in the game, however this amount of money can still be within their reach. For those who are poor, them betting huge amounts of money can automatically mean that they are now betting outside their limits which is very risky already and should be avoided at all cost.

A wise gambler knows how to play gambling well. For us, we think that it was only in sports betting is the ones that we can bet a huge amount to earn a slightly huge profit but in casino games, we will only choose the high odds games (they are mostly slot games) and we can still enjoy the game by betting only tiny amounts. Once we get lucky and hit the high multipliers, or better 'jackpots' and  max wins, we can still be able to profit greatly from them.

[Rampagoe004]

A wise gambler knows how to play gambling well. For us, we think that it was only in sports betting is the ones that we can bet a huge amount to earn a slightly huge profit but in casino games, we will only choose the high odds games (they are mostly slot games) and we can still enjoy the game by betting only tiny amounts. Once we get lucky and hit the high multipliers, or better 'jackpots' and  max wins, we can still be able to profit greatly from them.

A wise gambler is one who knows that gambling is just a game and should not think of making gambling a source of income. What you are doing is something right. I don't know how much you bet but I assume you bet within your budget for fun and you enjoy when you get a big multiplier or jackpot. Gamblers will be very sorry if they get a jackpot when placing a small bet. This is the problem that will destroy someone's life.

[madnessteat]

^

I have never managed to hit a big jackpot, but I think if I do manage to do it, the last thing I will think about is that I did not bet more. Risk management is one of the foundations of financial stability through which the gambler remains responsible. Violate risk management is about the same as putting a stick in the wheel. 

[Jaycoinz]

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.

People say that gambling isn't for the poor but I'm of the opinion that gambling is for everyone whether poor or rich, Everyone has their financial capacity. I always say that when it comes to gambling it's important for people to understand rich management this includes the rich and poor. If you can't stake a certain amount of money over ten times it means you are not comfortable with staking on that amount, it's better to divide it by 2 or 3  it depends on your evaluation. 5 dollars lost by a poor gambler would definitely sting but the poor gambler can help himself by staking below that amount

[nullama]

I have never managed to hit a big jackpot, but I think if I do manage to do it, the last thing I will think about is that I did not bet more. Risk management is one of the foundations of financial stability through which the gambler remains responsible. Violate risk management is about the same as putting a stick in the wheel. 

Well, that's the thing right, if you win you want to have bet more, and if you lose you want to have bet less....

That's basically how it goes.

The reality though is just what it is, and that means that you will lose more than what you bet overall.

Sad, boring, but true.

[Zadicar]

I have never managed to hit a big jackpot, but I think if I do manage to do it, the last thing I will think about is that I did not bet more. Risk management is one of the foundations of financial stability through which the gambler remains responsible. Violate risk management is about the same as putting a stick in the wheel.  

Well, that's the thing right, if you win you want to have bet more, and if you lose you want to have bet less....

That's basically how it goes.

The reality though is just what it is, and that means that you will lose more than what you bet overall.

Sad, boring, but true.

If you had just that simply making yourself that getting used into those conditions then you wont really be finding yourself any issues in regarding about losing in gambling since you had already anticipated for this particular thing to happen. The real issue on here is on the moment that you are expecting too much but we know that reality of gambling isnt really that getting in line with gamblers hope and wishes about being a winner or being profitable. We are really always at disadvantage and this is why trying out to pursue on becoming successful towards this thing is something that could be considered to be on the delusional side of things. This is why its important that you do make yourself wary at least on the things that you are really that dealing and dont make yourself trying out to obtain or attain things which arent that realistic to be able to get on.

Losing potential would really be that entirely be different but in overall essence on how you would be losing to gambling then it would really be just that the same.
It is really just that people cant really just that accept out on the time or moment that you do play and on the amount that you've been trying out to make use.
This is why it would really be just that on the same story.

[Agbe]

Yes the poor gambling more on profit and the Rich gamble more on fun. And as you said, really the small amount lose by the poor is vet painful foe him. But if that small amount is loss by the Rich gambler, it wouldn't pain him. A popular footballer in my country loss $4,000 and he was like nothing happened but if that money was loss by a poor gambler, I  am telling you the truth, he wouldn't sleep for night. That is there is always a saying that " gamble why you can afford to lose". Many people loss big because of greediness and also taking the last risk of gambling. And I am saying last risk of gambling because, when you bet on sport games, there is always a provision for Cash out before the final result which might be higher than your total stake and or below the stake but risk taking and greediness would not allow some gamblers to Cash out. And loss out all at the end

[madnessteat]

I have never managed to hit a big jackpot, but I think if I do manage to do it, the last thing I will think about is that I did not bet more. Risk management is one of the foundations of financial stability through which the gambler remains responsible. Violate risk management is about the same as putting a stick in the wheel. 

Well, that's the thing right, if you win you want to have bet more, and if you lose you want to have bet less....

That's basically how it goes.

The reality though is just what it is, and that means that you will lose more than what you bet overall.

Sad, boring, but true.

None of us can know when we will be lucky and under what circumstances, so it is not quite correct to assume that if you have managed to significantly increase your bankroll with a low bet, then if you had made a bigger bet the same thing would have happened. I think the algorithm of winnings distribution takes into account the maximum possible winnings at any given time. That's why very often the winnings happen when we make a small bet. I do not claim to be true, but judging by my personal experience, this is exactly what happens.

[Porfirii]

I have never managed to hit a big jackpot, but I think if I do manage to do it, the last thing I will think about is that I did not bet more. Risk management is one of the foundations of financial stability through which the gambler remains responsible. Violate risk management is about the same as putting a stick in the wheel.  

Well, that's the thing right, if you win you want to have bet more, and if you lose you want to have bet less....

That's basically how it goes.

The reality though is just what it is, and that means that you will lose more than what you bet overall.

Sad, boring, but true.

None of us can know when we will be lucky and under what circumstances, so it is not quite correct to assume that if you have managed to significantly increase your bankroll with a low bet, then if you had made a bigger bet the same thing would have happened. I think the algorithm of winnings distribution takes into account the maximum possible winnings at any given time. That's why very often the winnings happen when we make a small bet. I do not claim to be true, but judging by my personal experience, this is exactly what happens.

This is the first time I read something like that, and I'm not sure whether it works the way you said (it seems that you don't know it for sure either).

On one hand, doesn't it go against provably fairness? On the other hand, it is reasonable that if you build a casino you implement mechanisms to avoid bankruptcy in the event of several massive lucky breaks among users. So I don't know. Maybe it works that way in some sites, and not in others?

[bitbollo]

Trivial amount can't create issues in most of the times.
But I think it's not just matter "of the size". players can lost also higher amount and be poor if they have a right plan already made.
but if they are playing huge amount and maybe the same cash was needed for ... essential stuff here there is the big issue.
the same for the rich. if these money are needed in other activities those can't be spent in gambling. that's all.

Yes the poor gambling more on profit and the Rich gamble more on fun. And as you said, really the small amount lose by the poor is vet painful foe him. But if that small amount is loss by the Rich gambler, it wouldn't pain him. A popular footballer in my country loss $4,000 and he was like nothing happened but if that money was loss by a poor gambler, I  am telling you the truth, he wouldn't sleep for night. That is there is always a saying that " gamble why you can afford to lose". Many people loss big because of greediness and also taking the last risk of gambling. And I am saying last risk of gambling because, when you bet on sport games, there is always a provision for Cash out before the final result which might be higher than your total stake and or below the stake but risk taking and greediness would not allow some gamblers to Cash out. And loss out all at the end

[Mr.suevie]

Yes the poor gambling more on profit and the Rich gamble more on fun. And as you said, really the small amount lose by the poor is vet painful foe him. But if that small amount is loss by the Rich gambler, it wouldn't pain him. A popular footballer in my country loss $4,000 and he was like nothing happened but if that money was loss by a poor gambler, I  am telling you the truth, he wouldn't sleep for night. That is there is always a saying that " gamble why you can afford to lose". Many people loss big because of greediness and also taking the last risk of gambling. And I am saying last risk of gambling because, when you bet on sport games, there is always a provision for Cash out before the final result which might be higher than your total stake and or below the stake but risk taking and greediness would not allow some gamblers to Cash out. And loss out all at the end

That's why the saying about being open to risking only what you can to afford to lose is always advice, whether  you are poor or rich, it's not important if you don't gamble what you can be able to loose because there are some rich gamblers that still get affected by their habit and that's when they don't know their limit and gamble to the very extreme.

[Fortify]

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.

There's generally a huge distinction between rich and poor gamblers. Someone who has very little money turns to gambling because they are trying to take a shortcut to wealth or think they will be the one to beat the odds, it's the very basis for why casinos make the huge amounts of money that they do every year. It's easier to take a dollar from one million people than it is to take one million dollars from a single person, there is a lot of correlation in that statement to how casinos operate. Anyone who is rich has generally acquired the knowledge and financial acumen that they are simply playing gambling for recreational purposes, not seeking to get rich because they've already "made it".

[$weetne$$]

There's generally a huge distinction between rich and poor gamblers. Someone who has very little money turns to gambling because they are trying to take a shortcut to wealth or think they will be the one to beat the odds, it's the very basis for why casinos make the huge amounts of money that they do every year. It's easier to take a dollar from one million people than it is to take one million dollars from a single person, there is a lot of correlation in that statement to how casinos operate. Anyone who is rich has generally acquired the knowledge and financial acumen that they are simply playing gambling for recreational purposes, not seeking to get rich because they've already "made it".

You are right with this rely because I always wondered why the casinos make their staking minimum so little then I realized that their targeted audience are not the rich people but the poor people that think their luck is just one bet away from them getting all the money they always dreamt about. Casinos do not make money from rich people but they hire them to make the poor people to think that the rich people got their wealth from gambling. Still casinos do not force us to gamble therefore they have not done anything wrong but we are the ones that do not think before we start gambling and when we are losing, we still do not stop but continue gambling. If we do not gamble out of frustration but gamble out of fun, we might be having a different results from the ones we are getting.

[Stable090]

People say that gambling isn't for the poor but I'm of the opinion that gambling is for everyone whether poor or rich, Everyone has their financial capacity.

Why will anyone say gambling is for the rich alone? No matter how little money you have with you, you can still gamble with it, just that if you place a bet on a particular game, you shouldn’t be expecting the same amount of money, and if the Rich loses a particular amount of money, they might not really feel it, but if the poor loses the same amount, they will go crazy. So we should know that it’s not written anywhere that the poor aren’t supposed to be gambling. I will say that in my community, the poor are the once’s that do gamble more. You will hardly see the rich people visiting gambling shops, maybe they gamble on their mobile devices.

[Zoomic]

There's generally a huge distinction between rich and poor gamblers. Someone who has very little money turns to gambling because they are trying to take a shortcut to wealth or think they will be the one to beat the odds, it's the very basis for why casinos make the huge amounts of money that they do every year. It's easier to take a dollar from one million people than it is to take one million dollars from a single person, there is a lot of correlation in that statement to how casinos operate. Anyone who is rich has generally acquired the knowledge and financial acumen that they are simply playing gambling for recreational purposes, not seeking to get rich because they've already "made it".

You are right with this rely because I always wondered why the casinos make their staking minimum so little then I realized that their targeted audience are not the rich people but the poor people that think their luck is just one bet away from them getting all the money they always dreamt about. Casinos do not make money from rich people but they hire them to make the poor people to think that the rich people got their wealth from gambling. Still casinos do not force us to gamble therefore they have not done anything wrong but we are the ones that do not think before we start gambling and when we are losing, we still do not stop but continue gambling. If we do not gamble out of frustration but gamble out of fun, we might be having a different results from the ones we are getting.

Only if the poor are aware that they are the target market, they will minimise the rate at which they enrich the casino owners and owners of other gambling platforms. But, the reward they stand to gain if they win will never allow them pause and ponder over why they are losing more than they should be gaining. Why they are still poor despite the several years of their commitment to gambling? The casinos are using them!

We are concentrating more on the poor because they feel the impact of every money they lose more than the rich do. The poor have lesser opportunities before them compared to the rich. Poor people who are still believing in gambling as their only way out of poverty are only deceiving themselves. Some may be lucky to actually get a life through gambling, but many others would get more miserable due to constant disappointments. It's time for the poor to be wise!

[Onyeeze]

All this kind of things is something that makes me but make sure that I have inquire very well before I participating in any gambling most of people who involved themselves in gambling does not make a proper investigation or research before that involved themselves in gambling and that is one of the major reasons most of us This challenges of losing for gambling so I believe that if we want to benefit from gambling we have to make a proper investigation to avoid losing what we suffered to get and it is obvious that the gambling is game of both profit and loss

[madnessteat]

I have never managed to hit a big jackpot, but I think if I do manage to do it, the last thing I will think about is that I did not bet more. Risk management is one of the foundations of financial stability through which the gambler remains responsible. Violate risk management is about the same as putting a stick in the wheel. 

Well, that's the thing right, if you win you want to have bet more, and if you lose you want to have bet less....

That's basically how it goes.

The reality though is just what it is, and that means that you will lose more than what you bet overall.

Sad, boring, but true.

None of us can know when we will be lucky and under what circumstances, so it is not quite correct to assume that if you have managed to significantly increase your bankroll with a low bet, then if you had made a bigger bet the same thing would have happened. I think the algorithm of winnings distribution takes into account the maximum possible winnings at any given time. That's why very often the winnings happen when we make a small bet. I do not claim to be true, but judging by my personal experience, this is exactly what happens.

This is the first time I read something like that, and I'm not sure whether it works the way you said (it seems that you don't know it for sure either).

On one hand, doesn't it go against provably fairness? On the other hand, it is reasonable that if you build a casino you implement mechanisms to avoid bankruptcy in the event of several massive lucky breaks among users. So I don't know. Maybe it works that way in some sites, and not in others?

If you think about it logically, the casino algorithm simply must have a mechanism that would not allow the user to win an amount that is not at the disposal of the casino for these needs. In my opinion, this is quite a logical construction of the system.

There have been situations when someone won the jackpot and the casino representatives reported that the slot machine was defective and the client received instead of winning a penalty in the form of a small fee.

I do not know how it really happens, but I tend to believe that everything happens like that.

[EluguHcman]

Yes the poor gambling more on profit and the Rich gamble more on fun. And as you said, really the small amount lose by the poor is vet painful foe him. But if that small amount is loss by the Rich gambler, it wouldn't pain him. A popular footballer in my country loss $4,000 and he was like nothing happened but if that money was loss by a poor gambler, I  am telling you the truth, he wouldn't sleep for night. That is there is always a saying that " gamble why you can afford to lose".

Of course yes the poor has more of profit gamblers while the rich has more of fun gamblers but how is the statistic evaluated? It is simple that when we talks about financial management, we cut our costs based on our incomes but then, how can a poor who does not have a reliable source of income draft a financial expenses with a budget to loose the little he has struggled to achieve at the course of gambling just for fun?

So certainly they literally gambles to double their wager at possibilities of winning and they feels intolerance in loosing whatever amount even at their one time stake but the rich may have to stake multiple times before that could feel the pains of their losts.

[Agbe]

Yes the poor gambling more on profit and the Rich gamble more on fun. And as you said, really the small amount lose by the poor is vet painful foe him. But if that small amount is loss by the Rich gambler, it wouldn't pain him. A popular footballer in my country loss $4,000 and he was like nothing happened but if that money was loss by a poor gambler, I  am telling you the truth, he wouldn't sleep for night. That is there is always a saying that " gamble why you can afford to lose".

Of course yes the poor has more of profit gamblers while the rich has more of fun gamblers but how is the statistic evaluated? It is simple that when we talks about financial management, we cut our costs based on our incomes but then, how can a poor who does not have a reliable source of income draft a financial expenses with a budget to loose the little he has struggled to achieve at the course of gambling just for fun?

So certainly they literally gambles to double their wager at possibilities of winning and they feels intolerance in loosing whatever amount even at their one time stake but the rich may have to stake multiple times before that could feel the pains of their losts.

Okay let us see it from this way too. Those poor gamblers also have money to gamble and probably from their daily jobs payout. Now if they are paid from the day job then they have to draft out how much should be use in the gambling and for feeding of the day and not to use all to gamble. When he used all foe gambling and there is nothing to buy food then he would be tempted to steal. And that's where budgeting is coming out. Before he goes out to work he has to make his budget plan so that when he comes back, it will not be difficult for him to draft again. Every gambler can budget how much can go to gamble and if he knows that the money his not enough to gamble and feed himself then he has to choose one. And if he chooses gamble then he has to take the risk. Even the Rich gamblers we are saying here has a lot of things to do so the money they have is not even enough for them to gamble and that is why they also need budgeting.

[hedgeh0g]

In fact, about $5 and $1k this is said conditionally. The poor also have their own small range and for some $5 is a normal bet, while $1k for the rich can also be a significant amount that is scary to lose. The thing is that a poor player needs to cover his basic needs such as paying for food and utilities, and after that there is very little left for the game, so perhaps every dollar is important for the game.

For rich players, everything is much different, because his basic needs will be easily covered if he does not constantly buy new bags for his wife) Also, the rich can also have different states of their business, from excellent cash flows to those values ​​​​when the business is on the verge of collapse and bankruptcy. If the cash flows of a rich person stop, he will no longer make big bets, because he has a huge uncertainty.