Post
Topic
Board Gambling discussion
Re: Rich or poor gambler, who should risk more?
by
jossiel
on 30/08/2024, 20:47:41 UTC
Right.

A responsible gambler will also feel that loss and that's why whether you have a lot of money, a responsible gambler or just casually gambles. You're going to feel it anyway.

And that's why there is no status of life that this feeling will give to every loss that we make when we bet. Risking is our decision and it won't need any validation for how well are we doing in life and our financial status is.

Yes, it does not mean that when you become a responsible gambler as suggested by many people then you will be free from the risk of losing, not like that, because no matter how good your approach to gambling is, the risk is still a possibility that will definitely befall you and all gamblers at certain times, but one of the reasons why we are always advised to be responsible gamblers is because when we realize the risk then we will not feel too emotional or regretful when defeat occurs, and another benefit is that we are also likely to avoid various impulsive actions and decisions, because usually it is always triggered by dominant emotions. And also yes, life status such as whether you are rich or poor, the feeling of discomfort over defeat will definitely be felt but it will not be too deep when you are a responsible gambler. So whoever you are, only you know what is best for you.
Being responsible means that you're aware of what you're taking, coming from the risk, the amount you're betting on, and your priorities. No one can escape the pain of losing either rich or poor but how you absorb it will have a different impact for each of them.

Yeah, that's true. A poor man might have $10 to gamble but he will take care of it so that it won't be wasted instantly. He will try to be careful with his bets so that he can play more.
The same goes with a rich gambler. If he has a million dollars as his budget, I doubt he will bet all that. He will probably just go for $100 - $1000 per bet but he won't go as far as putting it in one shot.
Both will feel the loss if their risk goes wrong and both will get frustrated if they lose. It's not like the rich will keep their riches if they gamble a lot. That money will start to run out if he keeps that kind of betting amount.
Yeah, the adjustment that both of these status will still have the same pattern on how we'd bet but the difference is about the amount and the recovery period whenever we lose.