How much are you willing to gamble

[dansus021]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

Same as you If I'm rich I'm not going throw a lot of money into gambling unless I'm getting bored maybe throwing 100K-200K is fine *if Im billionaire or millionare hahah.
When lot of money is involved of course the government will smell the money and follow the trail.

I just opened the Polymarket and found that lot of people gamble with 100K+++

It is there is at least one of people bet 100K more

[hyudien]

You're just saying that" no matter how rich you are, you won't spend such amount "...well it depends on individual on how he/she wishes to spend their money but Fr there are people that can without feeling it though it's quite a lot of money, it's  just that they can afford to lose it without having negative effect on them . What you can afford to lose is different to what another person can afford to lose.. that's how it works and if he wins, he gets to double or  triple or even more so it's much like he/she can afford it and at the same time taking risk even though it might not affect him/her besides,  trump was the favouritecandidateso it's more like being smart even though it's a risk.

That is true but I think that the majority of us here won't spend that much in gambling. Most specially if you came not from money. People can spend as much as they can easily if they've got a lot of it. But if it's the entire thing that you have and savings, you'll definitely protect it so that you won't go broke just because of gambling. We're on the times that we need to be the wisest man if it's about the finances that we have and when we're growing older, you'll have to find a way to make sure that money won't be gone too quickly. And you're right, there are the others that can spend that without any doubt even if it's the whole thing that they have.

The simple calculation is like this, everyone has a different income every month, some can earn a lot and some earn an average figure, depending on which country they live in.
For example, each individual will spend 5% of their income on gambling, it is impossible for someone who earns 3000 to spend the same amount as someone who earns 2000, if we take an average of 5% for gambling.
However, the number will also look the same because they both spend 5% on gambling. Well, that's if we average it out, but usually we also gamble with an uncertain amount, right? it could be less or more than that, depending on each individual.

[stomachgrowls]

You're just saying that" no matter how rich you are, you won't spend such amount "...well it depends on individual on how he/she wishes to spend their money but Fr there are people that can without feeling it though it's quite a lot of money, it's  just that they can afford to lose it without having negative effect on them . What you can afford to lose is different to what another person can afford to lose.. that's how it works and if he wins, he gets to double or  triple or even more so it's much like he/she can afford it and at the same time taking risk even though it might not affect him/her besides,  trump was the favouritecandidateso it's more like being smart even though it's a risk.

That is true but I think that the majority of us here won't spend that much in gambling. Most specially if you came not from money. People can spend as much as they can easily if they've got a lot of it. But if it's the entire thing that you have and savings, you'll definitely protect it so that you won't go broke just because of gambling. We're on the times that we need to be the wisest man if it's about the finances that we have and when we're growing older, you'll have to find a way to make sure that money won't be gone too quickly. And you're right, there are the others that can spend that without any doubt even if it's the whole thing that they have.

The simple calculation is like this, everyone has a different income every month, some can earn a lot and some earn an average figure, depending on which country they live in.
For example, each individual will spend 5% of their income on gambling, it is impossible for someone who earns 3000 to spend the same amount as someone who earns 2000, if we take an average of 5% for gambling.
However, the number will also look the same because they both spend 5% on gambling. Well, that's if we average it out, but usually we also gamble with an uncertain amount, right? it could be less or more than that, depending on each individual.

5% of your salary will really be that not a bad allocation or on the amount that you are really that willing to spend on gambling but its not really that not the same if someone do really earn less in numbers.
We do know that not all are really that earning big amount or salary on monthly basis on which if for example that someone is making about $200 per month and having that $10 budget for month,
is this something that will really be worth or something that you could enjoy? This is where they will really be making out some adjustments accordingly. Lets say on my part on which i've been earning
a less a thousand and i do allocate 10% or basing up into my impulsive feeling on which i cant be able to control in the past and this is something not that recommended.

Gamble on the amount on which you can afford to lose because on the time or moment that you do made up yourself being that too confident then this is where you will really be facing up some issues.
Gamble on which you wont be making up some compromising on the amount that you do make use in other things like your priorities and needs.

[Cryptmuster]

The simple calculation is like this, everyone has a different income every month, some can earn a lot and some earn an average figure, depending on which country they live in.
For example, each individual will spend 5% of their income on gambling, it is impossible for someone who earns 3000 to spend the same amount as someone who earns 2000, if we take an average of 5% for gambling.
However, the number will also look the same because they both spend 5% on gambling. Well, that's if we average it out, but usually we also gamble with an uncertain amount, right? it could be less or more than that, depending on each individual.

Someone who has a big salary can play not 5% of his salary, but 1%, and someone who earns less can leave not 5% but 10% for gambling, so it can depend not only on the salary, but also on who and how much is ready to spend on gambling.

Another important point, one player can allocate 10% of his salary once and be a successful player and this money will be enough for him for a long time, and he will be able to increase this amount by making a profit, and another player will lose every month and will be forced to take money for gambling from each salary. Everything is too individual and for all players it happens differently.

[Dr.Bitcoin_Strange]

But if the object of the money is that big like $30 million I think it is unlikely for someone to throw it away for free, even if they are rich I think they will also have the thought that it is too big an amount to bet, so t he conclusion is that I think it seems like the person has some really accurate information that Trump will be the winner.

Yeah, I do think same but some one said that it's never possible that anyone could get insider information regarding who was going to win that election. Nothing is so impossible, but if the man never got any insider information before placing the bet then we  can only say that he is pretty too rich and also a risk taker.

[bubilas]

I have seen various topics discussed in here about their bankrolls or budget and whatnot when gambling. Well a French national just wagered $30 million to a bet about the US election. Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

This is an incredibly huge amount of money, even by the standards of the rich. Maybe it's a setup? A planned promotional action of the site where such a bet took place? I just know that among, for example, Arab sheikhs, money is not a problem at all, and they easily donate tens of thousands of dollars, or buy skins in games for the same amount of money. But in the news that the author cited, it is about millions, and this seems fake and really strange.

[tvplus006]

Someone who has a big salary can play not 5% of his salary, but 1%, and someone who earns less can leave not 5% but 10% for gambling, so it can depend not only on the salary, but also on who and how much is ready to spend on gambling...

In any case, the amount of the bet should be determined by a specific player based on how much he is willing to lose in case of loss. But as practice shows, such a calculation is not always taken into account, most often the player looks only at how much he will win if his bet turns out to be correct.

[bakasabo]

Following topic looks like a copy/paste from How much of my salary should I use to gamble. Nevertheless, the answers and suggestions are pretty much the same. I think we wont get something new besides "1-5% of monthly salary" or "spend as much as can afford to lose". I came to a decision, that I dont want to stick to any specific amount. It can be $10 or $100. I prefer to evaluate my monthly income, expenses and potential expenses, and figure a number that I can spend right now and wont regret if I lose immediately.

[Promocodeudo]

Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?

Before anyone could risk such amount to gamble it is assumed that he (they) has it in hundred folds or let me say that is their risk level to have used such money to gamble, because anyone who doesn't have above that amount can't go gamble with such huge money to bet against Kamala Harris for Trump to win the election. What if he loses such amount would he say he uses their project money to gamble or it was mistake and needed refunds?

Of course it's very unlikely for a gambller to gamble with such amount of money without having more than enough in his possession, most times gamblers considers many factors before gambling especially rich gamblers, such gambler might have thought of his returns if his bet becomes successful and before he consider taking this kind of risk, there would have been sufficient amount that's higher than the amount he used for such gambling purposes, though many persons won't want to do that, that's why I have seen people here saying that gambling with such amount shouldn't be an option, though they may be right in their opinion because no matter how much money you got in you possession as a wealthy person, if you lose such amountb in question in gambling, you must feel it because the amount in question is very huge.

You are making a lot of sense, no person that can't afford such amount will want to gamble that trump will win against Kamala as you said because ordinarily such is a very big risk at the onset considering some things, though with what I know in gambling, the highest risk takers profits and loses they more thats gambling for real and I believe that was what happened in this case.

[Agbe]

From your second paragraph of the thread, the mentality of a poor man and the thinking of a rich man is clear. That was why most of us said, poor people gamble more that the rich but the rich play huge odd or wage huge amount than the poor. That is why when the rich win, they win bigger than the poor. Before someone use such amount to play gamble, it means, he has enough funds in his account and if he loses that amount, it will not hurt him. Because he has already determined to use that amount. And now that he has won, he would be very happy. Real gamblers takes a calculative risk and not just go to the platform and place a bet but check many things before betting.

[summonerrk]

From your second paragraph of the thread, the mentality of a poor man and the thinking of a rich man is clear. That was why most of us said, poor people gamble more that the rich but the rich play huge odd or wage huge amount than the poor. That is why when the rich win, they win bigger than the poor. Before someone use such amount to play gamble, it means, he has enough funds in his account and if he loses that amount, it will not hurt him. Because he has already determined to use that amount. And now that he has won, he would be very happy. Real gamblers takes a calculative risk and not just go to the platform and place a bet but check many things before betting.

I think that the poor play in casinos much more often because they have an additional reason. Let's look at the common reasons for playing: excitement and getting emotions, anti-stress, increasing the deposit. But the poor have a desire to change their lives, leaving poverty. This is the additional reason that makes them play more often, and more often fall into the gambling trap. And that is why it is so important for all people to have excellent money management and an understanding of the role of money in our lives.

[pusaka]

The simple calculation is like this, everyone has a different income every month, some can earn a lot and some earn an average figure, depending on which country they live in.
For example, each individual will spend 5% of their income on gambling, it is impossible for someone who earns 3000 to spend the same amount as someone who earns 2000, if we take an average of 5% for gambling.
However, the number will also look the same because they both spend 5% on gambling. Well, that's if we average it out, but usually we also gamble with an uncertain amount, right? it could be less or more than that, depending on each individual.

Someone who has a big salary can play not 5% of his salary, but 1%, and someone who earns less can leave not 5% but 10% for gambling, so it can depend not only on the salary, but also on who and how much is ready to spend on gambling.

Another important point, one player can allocate 10% of his salary once and be a successful player and this money will be enough for him for a long time, and he will be able to increase this amount by making a profit, and another player will lose every month and will be forced to take money for gambling from each salary. Everything is too individual and for all players it happens differently.

I don't have enough data to say how much of their income someone spends on gambling, because I see it depends on each of them. I even saw my friends spend 50% or even more of their monthly salary. This is clearly unhealthy because it will cause problems for them. Based on my personal experience, I don't count how much of my total salary, because it varies. Besides that, there are times when we can win gambling. In the first week, for example, I gambled and lost, but in the second week I gambled and won and that returned my loss in the first week or even more. However, one thing I do is gamble with money that I can afford to lose. Not a large amount, but it might be less than 5% of my income.

[Baki202]

Yeah, I do think same but some one said that it's never possible that anyone could get insider information regarding who was going to win that election. Nothing is so impossible, but if the man never got any insider information before placing the bet then we  can only say that he is pretty too rich and also a risk taker.

I don't want to believe sometimes that most of this games are planned games it might not be often but it does not mean that it does not happen, their are some things that have happened thay you would not have imagined that it will happen the exact way it was planned and have seen in different movies were this things happen and their is no way that it would not have happened in real life that is exactly the challenge to does that bet because if the game is fixed then their is no way you will be able to win and this is all business.

And I wish some information will leak to us so that we are going to know the amount of money we are going to take because when you get some sure odds you will want to stake high, the confidence you have in that game is what will push you and determine the amount of money you want to bet, even without any info your friends will tell you about how they have sure games for you to also bet on but sometimes you get lucky and sometimes or most times you don't at all.

[Odusko]

If I am sure of winning the games I will stake whatever amount that I have available in my possession since I have the guarantee of winning the bet, so the amount I can risk on a bet depends on which team I am betting on and what my confidence is with that team, for example, the last United state election is a good point for setting what abd how betting amount is influenced by the team or candidate that are being bet on.

If I am not confident about a team, I can stake a very low amount and if I lose the bet, it won't hurt me that much and I can easily move on, compared to when I am betting sure bets I can empty my account on that bet and I take it as a jackpot bet, many times some gambler's have failed to separate, this different in betting style and take everything to depend on luck and thereby staking money that could be out of their normal affordability at that moments

While at that, there is the ultimate formula that works in reducing the level of risk and pain that gamblers feel, such as staking a small amount and an amount that you as a gambler can afford to lose and still be ok to go on with your normal life.

[EarnOnVictor]

But if the object of the money is that big like $30 million I think it is unlikely for someone to throw it away for free, even if they are rich I think they will also have the thought that it is too big an amount to bet, so t he conclusion is that I think it seems like the person has some really accurate information that Trump will be the winner.

Yeah, I do think same but some one said that it's never possible that anyone could get insider information regarding who was going to win that election. Nothing is so impossible, but if the man never got any insider information before placing the bet then we  can only say that he is pretty too rich and also a risk taker.

It's self-deceit to believe that there is insider information in a true democratic election, especially the US election which is always believed to be one of the freest and fairest elections in the world. One may only think such if there is going to be rigging but that is not the case in the US election. Everyone is only guessing through their instinct and the information they can gather, it's all risk, no one knows it better and that guy could have lost if it had gone south.

[SOKO-DEKE]

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

When someone is addicted to gambling, they can use any amount of money that is available to them, whether it’s their own money or not. One thing about people’s mentality toward gambling is that some people think betting is an easy and quick way to make money, which is a lie. If someone wasn’t that addicted to gambling, why would it use $30 million to gamble? Even if someone is rich, if $30 million is deducted from their account, they will definitely notices hug amount of money. No matter how wealthy I may be, I would never gamble with that amount of money. It’s good that the government is trying to punish platforms allowing people to bet with such large sums; that’s a harmful practice.It would be a very good idea for the government of the country or state to find a solution to limit the rate of gambling and set a cap on how much people can deposit into their gambling site accounts.

[Dewi Aries]

But if the object of the money is that big like $30 million I think it is unlikely for someone to throw it away for free, even if they are rich I think they will also have the thought that it is too big an amount to bet, so t he conclusion is that I think it seems like the person has some really accurate information that Trump will be the winner.

Yeah, I do think same but some one said that it's never possible that anyone could get insider information regarding who was going to win that election. Nothing is so impossible, but if the man never got any insider information before placing the bet then we  can only say that he is pretty too rich and also a risk taker.

Yes, that is true, or I mean it is very unlikely for us to know what will happen in the future, but I also have another thought which is that this betting scenario is not about sports or casino games as we generally know where the results really cannot be fully known, but when we talk about politics especially in the case of elections there are usually always some or one candidate who is more favored by most people, meaning maybe one of the reasons why the person dares to bet with such a large amount may have previously done research first about which candidate is much more favored by many people that they know through certain scenarios so maybe that's where the person made the decision to bet by choosing Trump who will be the winner at the end of the election, but of course in the end this assumption is still speculative.

[bitzizzix]

From your second paragraph of the thread, the mentality of a poor man and the thinking of a rich man is clear. That was why most of us said, poor people gamble more that the rich but the rich play huge odd or wage huge amount than the poor. That is why when the rich win, they win bigger than the poor. Before someone use such amount to play gamble, it means, he has enough funds in his account and if he loses that amount, it will not hurt him. Because he has already determined to use that amount. And now that he has won, he would be very happy. Real gamblers takes a calculative risk and not just go to the platform and place a bet but check many things before betting.

I think that the poor play in casinos much more often because they have an additional reason. Let's look at the common reasons for playing: excitement and getting emotions, anti-stress, increasing the deposit. But the poor have a desire to change their lives, leaving poverty. This is the additional reason that makes them play more often, and more often fall into the gambling trap. And that is why it is so important for all people to have excellent money management and an understanding of the role of money in our lives.

Poor people or people with low incomes are more vulnerable to gambling which makes them suffer more, because their goal in gambling is definitely to make money, and that is real.

Different from people with high incomes because they gamble just to relieve stress after being busy working and just to have fun with a little hope of luck, because they also play with sufficient capital and realize that making money is not easy and appreciate money more and when the capital given runs out, they will not feel stressed because the money they have is still a lot and also play according to the capital that has been provided if it runs out and feels satisfied, they stop.

And the high expectations of those with small incomes make them play without control, and they play when they already have money, no matter how much money they have, they will use it to gamble because they expect a big win that will actually make them poorer without thinking about finances in the future and which has the potential to justify money or sell something to make money so they can continue gambling.

[SamReomo]

If someone wasn’t that addicted to gambling, why would it use $30 million to gamble? Even if someone is rich, if $30 million is deducted from their account, they will definitely notices hug amount of money.

I don't think the bet was placed because of addiction because most of us already knew that this times odds will favor Trump as he was a huge supporter of crypto community and whole crypto community supported him in return.

The one who placed that huge bet also know that fact and that's the reason behind that bet. It shows that how some people trusted that Donald Trump is going to win the election. The ones who placed their bets in favor of Kamala might be regretting now.

[AliMan]

I have seen various topics discussed in here about their bankrolls or budget and whatnot when gambling. Well a French national just wagered $30 million to a bet about the US election. Now the online platform is being reviewed by France and is being checked if they follow laws accordingly. I am sure that amount shocked them especially after the gambler admitted that it was not even to sponsor Trump and that he did not have any political agenda with that bet. He did win and made profit but I was just so surprised with how can anyone bet this huge amount of money?

No matter how rich I get, I do not think I would be risking throwing away $30 million. I am also sure that the French authorities are making moves after this ridiculous amount of money betted to prevent encouraging their citizens from following in the gambler's footsteps. But I think instead of punishing the platform, the government should focus on how can they 'control' their citizens' gambling habits. Focusing on one platform will not eradicate people who would continue to bet this huge amount of money.

Citizens couldn't be controlled, what the government can regulate this kind of thing is to increase the financial literacy of the people providing such programs to level up their mindsets. Gambling existence is already a norms of society, and everybody has their own will and freedom to do what's best and right for them. So if we're willing to gamble for what we can afford to lose, then nobody will be blame but our own personal decisions.