The individual that gambles small amounts of their money in the long term is the smarter person in this picture.Gambling just as everyone knows that it’s a game of uncertainty,uncertainty in the sense that your sure odds may disappoint you.So it would be wise if you use your money bit by bit and not putting all of them in gambling because putting all your money into gambling and losing the game would cause you financial distress.But it all depends on the individual,most persons are highrollers so the amount they use in gambling for a day could be split for some other time by a lowroller.
Even if we clarify the matter here, in all cases it will be seen that smart people are those who have money management. In this case, even if someone loses for a long time and wins, then they can be called smart people, because such people set a specific budget in the case of gambling and then sit down to gamble.
And the most important thing here is that even you use the higher amount for stake that doesn't give the guarantee for winning. So if we face losses using large amounts, how can we call that a decision made by smart people?