How much are you willing to gamble

[Lanatsa]

This question should be a rhetorical question because I can't disclose my gambling budget here and it is not even regular because there are times I increase the budget while sometimes I decreased the budget and all depends on the amount came to my pocket at the time. Apart from monthly salary from my work, there are times I also get allowance which also increase my gambling budget too.

Human life is not equal therefore gambling budget LS and amount are also not equal.

In fact, depending on the gambling budget, how much can one become addicted to gambling, that is, when the budget is over, no one will unnecessarily sell their house and car and bet on gambling. Most people participate in gambling within their budget and when the budget is over they don't refill but wait for the next month where they can add some budgeted gambling balance from the new month's salary. However, there are some gamblers who don't care about the budget, but even if they take out a loan or borrow money, they will continue to gamble and it doesn't take long for them to go bankrupt.

Everything should really be that basing up on the budget and its not something that will really be  that going beyond those numbers. The main issue on here for most people is that on the moment that they do deal up with gambling and on the time that they do get addicted then they do really that become impulsive and the worst on which they do become that addicted on which this one causes up for them to play which is really that beyond of their limit.

Bankroll will really be that specifically be basing up on how much you will really be having or the money or finances that you could have. It would be having no sense that you do make out some all in betting or gambling on using up your life savings on which this is really that basically a suicide. People do mess up their lives on the time or moment that they do have such action because they cant be able to control their emotions on which it will really be that resulting into that execessive dealing with gambling because of that kind of approach.

Gamble on the amount on which you can afford to lose and never ever make yourself having that kind of mindset that you do make out some assurance that you could make money with it.
People do usually having this kind of mindset because theyve been able to experience some initial wins on which this will really be that resulting into that kind of too much spending with
money on your gambling activity.

[Julien_Olynpic]

This is a very famous story. This person, before putting his money on the Polymarket platform, conducted his own statistical research, using a method known as the "neighbor method". I honestly do not fully understand how this sociological "neighbor method" works, but I can assume that ultimately it is still something statistical survey of the population in selected states. If I had to conduct such a study, I would conduct it in the so-called "swing states". After all, these are the states that have the greatest influence on the outcome of the elections.

[SamReomo]

Well, the gambler knew that Trump could win the election as odds were in favor of him since start and that was a good move to bet with such huge amount. But, if I was on his place then I would never bet with such huge amount even if Trumps chance of winning the elections were 99.99%.

[Smartprofit]

In my opinion, the player from France had every right to make such a bet. Is there a limit on the amount of bets on the Polymarket platform? As far as I know, no.

The French government should be happy for its citizen. He won and now he will have a lot of money. He will spend it on buying goods and services from French entrepreneurs. As a result, small and medium-sized businesses in France will receive a new impetus for development, and tax revenues will go to the state budget. If this Frenchman has 30 million US dollars to spare, he can spend them in any way - including using them to bet on the Polymarket platform.

I am concerned about the current global trend, when people's own money is not considered their legal property (with which they can do whatever they want).

[finaleshot2016]

//

My approach is to risk only 3-5% of my total capital on gambling, which helps keep it controlled and manageable.

Maybe they’re a well-connected person with insider information that Trump will win, or perhaps they’re taking advantage of existing surveys and expert predictions. It could also be that this is a moment they've been anticipating, waiting to bet on Trump because they believe a comeback is likely, especially with social media hyping people up to vote for him. Alternatively, they might be one of those influencers who promotes gambling platforms and receives a kickback or cashback after betting. People like risks and bet if they knew it's above 50%.

[Dewi Aries]

Honestly I'm not sure that the guy really made such a crazy decision without a reason, meaning it seems like there is something he knows that not many people know about who will eventually be the winner in the election and that's what made him not hesitate to bet with such a large amount, believe me that someone's courage in every decision does not mean that it is done without doing any research beforehand because of course it is a decision with a very high risk if it turns out that the decision is lost, and also of course I don't think that the guy didn't think about the risk part, but the point is one thing that seems like he already knows something that informs that Trump will win and that's the reason for his courage.

[aylabadia05]

For someone who may have hundreds of millions of dollars or billions of dollars in money or assets then $30m doesn't mean much. Gambling is basically a rich person's game which is popular among many groups because of the low minimum stakes, but rich people do not bet as often as poor gamblers do.

I agree about some of the assumptions regarding who the person who bet $30m on Trump actually was. It could be that he is someone sponsored by a casino, an influencer or a personal who only bets on his own wishes. If it were me, of course I would refuse to bet that much because for me it's not about how much I can win but how much I enjoy it.

[Pandu Geddon]

For someone who may have hundreds of millions of dollars or billions of dollars in money or assets then $30m doesn't mean much. Gambling is basically a rich person's game which is popular among many groups because of the low minimum stakes, but rich people do not bet as often as poor gamblers do.

I agree about some of the assumptions regarding who the person who bet $30m on Trump actually was. It could be that he is someone sponsored by a casino, an influencer or a personal who only bets on his own wishes. If it were me, of course I would refuse to bet that much because for me it's not about how much I can win but how much I enjoy it.

Yes, maybe the gambler is indeed a gambler with extraordinary wealth and the question is whether he really likes to bet with large amounts. if his activities are usually done like that, maybe there is no other suspicion. but if he usually bets small but becomes crazy and very confident to bet big on the presidential election, I think there must be another motive for the big bet he made.
I would not bet for that amount. however, the amount of the bet would not be small for some of the majority of gamblers. I don't know where the person's confidence came from to bet in large amounts.

[jossiel]

First thing that the authorities will think about such huge bets is about the involvement of the bettor into money laundering. This is a common knowledge that the authorities will be looking at fault finding as they verify the platform and the bettor.

I wouldn't even bet with that amount even if I am a billionaire, I cannot throw that much money in gambling. Maybe a few grand will do but not to that point of my life.

Well, that guy only shows what kind of gambler he is, one of the goats in the making.

That is true, even if we don't know the reasoning behind such large amount of bet, one thing that you will think of is it can be related to money laundering. We can't eradicate such thought on this. Now, it depends on the person about his motives why he is splurging good amount of money on this.

That's always been the thoughts of the authorities if there's a huge money that's coming from a casino.

They think that it's there to be washed and whoever won and bet that should be investigated. This is nothing new to the gambling industry whether it's with the online or physical casinos.

Both treatment is being done to both classification.

[danherbias07]

Well, the gambler knew that Trump could win the election as odds were in favor of him since start and that was a good move to bet with such huge amount. But, if I was on his place then I would never bet with such huge amount even if Trumps chance of winning the elections were 99.99%.

Why not if it is that high enough of a percentage to win? I mean, that's a sure win which takes out the risk factor of your bet and I think putting more money into an almost zero-risk bet will be profitable. That dude took advantage of what seems to be the most obvious winner of those two presidential candidates. I also bet my money on Trump and I used the freebie that I received from Stake.com to place the bet because I had the feeling he would win it with how his PR did great to catch the attention of most American voters and those who support the cryptocurrency industry. Sadly, that's all I have so I did win but it's not that large.

[tread93]

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.

The French man did it! Those frenchies hate Americans too I can’t imagine what their government officials hate more the fact that this guy made a ton of money and maybe started a gambling frenzy in the country or the fact that the French man made all his money on Trump- someone they also probably loathe lol they hate Americans badly enough it’s like adding salt to the wound to be making money betting off their politics, something probably considered tabu in France maybe? lol

[viljy]

There is a general rule - place bets on the amount that you don't mind losing. So this man was ready to lose 30 million. For someone it's $30, for someone it's $300. I wouldn't be surprised if there are people who don't mind losing $3 billion. I don't see anything surprising here, something worth discussing.

[nelson4lov]

I'm not sure what the buzz from French government is all about. The whale chose what to do with his money in a decentralized setting — I don't see a problem here. This is why we need more platforms like Polymarket to go live so that people will have the freedom to fo what they want. If the whale had lost the money, I'm wondering if their government would still be interested in investigating Polymarket?

What I understand here is:
— they want some kind of cut /fee/tax from Polymarket.
— they're not happy because more citizens might follow the footsteps of the whale leading to further chaos in the future.

[ChiBitCTy]

For me it of course would have to come down to how much money I had, or what my total portfolio was.  I personally and thankfully/luckily do not have any sort of addiction to gambling so it would always be a % of money according to what my total net worth was that I would feel comfortable  spending.  I think if anyone can't trust themselves for whatever reason, or you're that worried about how much you gamble, you probably shouldn't be. I dunno.

[kotajikikox]

Why not if it is that high enough of a percentage to win? I mean, that's a sure win which takes out the risk factor of your bet and I think putting more money into an almost zero-risk bet will be profitable. That dude took advantage of what seems to be the most obvious winner of those two presidential candidates.

Maybe some people (like me) just can never imagine spending this much money on a bet.

If I had millions of dollars to spare, I don't think I will use it to bet. Gambling will always have a risk percentage. Even if Trump seemed to have it in the bag, it is still difficult to say if he will be victorious. I don't think I can risk even at least 5% lol. Maybe that is just due to my character and economic state. If a little richer, maybe I would be more reckless with my money and take risks like this.

[Botnake]

What I understand here is:
— they want some kind of cut /fee/tax from Polymarket.
— they're not happy because more citizens might follow the footsteps of the whale leading to further chaos in the future.

The real challenge is how they’re planning to collect taxes from Polymarket, which is a decentralized market. Honestly, it's like fighting a losing battle. This kind of news actually just gives Polymarket more publicity, making it even more popular. They might as well focus on improving the regulated sportsbooks to make them more attractive to gamblers.

Polymarket has faced penalties in the past but is still operating, so if they don’t have jurisdiction over it, they’re unlikely to get anything out of it.

[nelson4lov]

What I understand here is:
— they want some kind of cut /fee/tax from Polymarket.
— they're not happy because more citizens might follow the footsteps of the whale leading to further chaos in the future.

The real challenge is how they’re planning to collect taxes from Polymarket, which is a decentralized market. Honestly, it's like fighting a losing battle. This kind of news actually just gives Polymarket more publicity, making it even more popular. They might as well focus on improving the regulated sportsbooks to make them more attractive to gamblers.

Polymarket has faced penalties in the past but is still operating, so if they don’t have jurisdiction over it, they’re unlikely to get anything out of it.

If anything, I think Polymarket will get off with just a slap on the wrist, no biggie. And yes, that kind of publicity now is good publicity for Polymarket. I don't know how true but I don't think they'd be able to directly tax Polymarket for those bets. If push comes to shove, the worse they can do is to ban French users from interacting with Polymarket rather than try to tax them.

[Mr. Magkaisa]

                -      I have seen so many people who gamble a lot. There are few who win and make a change in life. But there are so many failure which destroy their life specially
their family. If I will gamble and bet on casino or online. i will have 5% of what i have at max! that is for sure.

If I have a hundred USD then I can only bet 5, then the goal is 50 dollars and out.

[satscraper]

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.

Depends on the character. Even $100 loss may inflict pain on the concrete person ^{no matter how rich he is} if his mind is obsessed with money but if his ideals and values are out of bills scope he may endure even the loss bigger than yours $30M. I knew one man who could lose a fortune at the night  gambling table ^{without batting an eyelid} and who never spoken about it  ^later because he believed that it was nothing more  than  nuisance compared with his life stance .

[Inwestour]

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.

Maybe for this player tens of millions are perceived as tens of thousands for us, we don't know how rich this person is. In this case, I was more interested in how he did it, did he play offline or online? If he made this bet offline in a bookmaker's office, then he had to bring suitcases of money with him to make a bet, and if it was online, then he had to agree on such a large amount, even for the bookmaker to accept such a bet, approval is needed, it's not as simple as it seems at first glance, which means the person who made the bet is not so simple.