Quote from: piebeyb on Today at 08:07:49 AM

Quote from: nullama on Today at 07:39:02 AM

Quote from: noormcs5 on Today at 03:17:18 AM

~snip~
Sometimes I think that addiction is to be with the financial status of a gambler. If a gambler is rich and he does not care much about the money, he will usually play excessive gambling and sooner or later will become addicted to it. On the other hand, a person like me, will think twice about the risk involved in gambling and will try to gamble with limited money, so that the loss incurred is also low. That may be another reason why the poor gamblers remain poor because they do not take the risk (which is good to some extent) while rich gamblers may become richer if they win big or they become addicted to it (and also lose a lot of money).

I think that there are very few addicted gamblers that are rich.

Mainly for two reasons:

First is that most rich people understand that gambling has a negative estimated value, so they probably won't be gambling.

Second is that if a rich person starts gambling their money, they will quickly stop being rich as they will most probably lose all their money very quickly.

So, in the end, not many rich people are gambling in any given moment of time.

If the status of a rich gambler was originally that of a businessman, he would know that gambling is not the only way to seek wealth, so he knows that it is just for fun, so rich gamblers rarely make mistakes and end up addicted to gambling, we often find poor gamblers because they just want to try their luck to get rich quickly without any process, so that's what we have seen so far, no rich gambler has gone bankrupt because of gambling, of course he knows how to manage his money.

Especially in gambling, of course he will gamble with the money he is ready to lose so they don't mind that, if a rich person goes bankrupt because of gambling, he is not a businessman who started from zero and is rich, but is rich because of his parents' inheritance, usually gamblers who are not clever in business he will try to gamble to double his wealth and finally run out and go bankrupt, the gambler cannot be called a rich gambler because he is rich only from inheritance from his parents, there are no rich gamblers who often do business let alone go bankrupt because of gambling. They are definitely not stupid like poor gamblers who keep forcing themselves to gamble because they want to get rich quickly.

This concept that wealthy people are somehow better at gambling because they are wealthy? Complete rubbish. Whether you earned or received that money, addiction doesnt care. Your behaviour matters more than your bank account.

Smart people who construct things know gambling doesnt build money. The key is discipline. They're investing in businesses, not slots. They may spend some money at the tables for fun, but they have restrictions. Respect the money, knowing it represents work and potential, whether its yours or your family's. Smart people know gambling is a long-term suckers' game