Quote from: madnessteat on Today at 03:49:52 PM

Quote from: Etranger on August 30, 2024, 09:38:03 AM

I hear that statement so often, and at first it made sense for me, but now I have doubts about that, because I think that there is no amount if money someone is willing to lose.. Nobody want to lose money, especially in a few seconds just by losing in a casino game. The reason why people bet relatively high amount of money is not that those money is nothing for them, no.

In my opinion, they act like that because they are blinded by the possibility of a potentially huge win. In many threads I come across the idea that gambling regulars are not interested in winning x2, x5 or even x10. They are aiming for x1000 and more, and are ready to lose until they become lucky enough to catch such xxx. Based on that, making x1000 on $10 or on $100 is a huge difference. And if a gambler is aiming for a large percentage of winning, he will also risk a large deposit so that the absolute numbers of winning are worth all those unsuccessful attempts that were made before.

For each of us money has a different value. Someone spends $200-300 a month working from morning till night for the needs of his family, and someone is ready to pay his mistress ten times more for spending time with her.

The same applies to spending on gambling. If I lose $200, I will be upset for a while. But I am sure there are some gamblers who can lose $10000 and not be upset about it. It all depends on how a person gets the money.

Right, and that reminds me of the difference in perspective on money between rich and poor people, risk management like self-acceptance regarding the amount of money lost is quite dependent on whether they get it quite easily or very hard like for example poor people who have to sacrifice a month to get $100 from something they have worked for while rich people only spend a day or maybe a few hours to get it.

But on the other hand I would say that don't think or assume that other people have lost a lot more money than you, because as you said money has a different value for each person, meaning make sure that you only risk an amount of money that is not beyond your ability to lose.