Quote from: borovichok on March 25, 2024, 08:21:09 PM

Quote from: Ryu_Ar1 on March 25, 2024, 07:38:34 PM

But from the application that occurs sometimes we also see a lot of poor people even risking all the money they have even though it is relatively low when compared to those who are rich but still it is still very large for those who are poor because it risks all their money quite boldly.
In fact, there are not a few poor people who do that so when talking about the actual risk it is actually greater for those who are poor than rich.

Because for the rich those who do lose money in a slightly larger amount they must know that they still have a remainder that cannot be calculated when losing a large amount in gambling but it will be different if it is a poor person so in this case it is actually important to look from another aspect not only depending on the amount of bets shown but in terms of risk management that is owned.

You are right. Whether an amount is large or not depends on the income of the gambler. The measurement for what a gambler can afford to lose is dependent on the income of the gambler. What gambler "A" will use for gambling might be seen as small compared to gambler "B" even if it is the same amount. To gambler "B" it might be seen as gambling above his means since such amount might be above 50% of his income. I think whether rich or poor, the risk is the same. Gambling is a game of risk and so every gambler have a risk to shoulder. Ordinary, a rich man is expected to bear more risk but this is not always the case.

The poor have flooded the gambling scene and since they hope to make money from gambling they are always trapped in the fantasy of making millions and escaping from poverty. This selfish mentality account for the reason poor people are know for taking uncalculated risk. Imagine a poor man having $20 and then gambling with $15. This is always the case with most poor gamblers and this is not a responsible way to gamble.

that's why it's probably better to measure money in terms of percentage of total wealth instead of total amount
I see that a lot of what we call rich or poor has to do with people being able to manage their finances and have emotional control too.
calculating risks and knowing how to manage it is a must