Quote from: Nwada001 on August 22, 2024, 10:29:15 PM

Quote from: Out of mind on August 20, 2024, 04:23:23 AM

But I think rich people don't suffer much loss to succeed, but they can easily re-accumulate their lost money by gambling again later. But when a poor person loses, it takes a long time to re-accumulate that person's money because he has to work hard and then participate in gambling. In that case, it takes time for the poor to achieve financial success, but the rich can achieve success very easily because of their money.

I'm glad you said "you think" because I don't completely believe in that ideology, which claims that the rich don't suffer much in gambling, as I see both parties suffering almost the same thing in terms of their losses.

Let's take, for instance, that if an average person usually gambles with $100 and loses it to gambling, it will be very painful to him or her, and if the rich gamble with $10,000 and above and also lose that same amount to the casino, he or she will also feel the pain. If they deposit another $10,000 in order to make it easy to recover the lost one, the poor can also do that. Let us not forget that both gamblers will gamble with what they can afford and based on their income.

the thing about the amount different class of people choose to use for gambling is that the higher your disposable income, the higher the amount you will most likely use for your gambling. And like you've said, that you used $100 to gamble and lost it and another used $100,000 to gamble and still lost it doesn't mean that it pains the one with the bigger amount more or than because he's probably richer, he doesn't feel the impact of the loss. Depending on how valuable the money is for person, loosing $100 could be more painful in certain instances than loosing $100,000. But then, some rich dude might gamble with those huge amount and do it consecutively to a point where it runs them entirely flat. Your level of wealth shouldn't be the reason why you gamble without counting the cost and that others are gambling with a bigger amount should not also make you go into gambling above your financial means.