We used to say that; "gamble what you afford to lose" and we have never been wrong in telling that.
Because if you're up for low stakes as you gamble, you'd not feel the impact of it and you can totally gamble for as much as you can until you ran out of funds.
And you won't feel bad about it because that bankroll is bearable and you can easily earn that again maybe in some other source of income of yours.
That's exactly what I thought when I said that low stakes gambling is for people who gamble for fun. I believe there are too many people who think gambling will solve their problems in life and see gambling as investment rather then fun activity.
When people think about gambling as investment then they will be inclined to invest more then they can afford.
Hmm yes there is some truth to it, what I mean is that it is most likely like that that gamblers who bet with low stakes are most likely gamblers who do make gambling a place to seek entertainment and not to seek income, and also as you said which I also agree that the majority of gamblers are those who bet blindly with big stakes are gamblers who do come with the aim of seeking lots of wins.
So from there alone it is actually a significant enough difference to conclude about what their intentions and goals are in gambling, and on the other hand, gambling can never be used as a place to invest because it is a game that relies on probability or luck, nothing is certain, meaning it is a matter of luck.