Even if I had billions of dollars, I wouldn't bet $100,000 on a game with odds of 1.20, risk losing $100,000 to make a small profit. Many people prefer to have many consecutive losses because they are betting on games with very high odds, but on the day they win, they win so much money that they recover everything they lost and make a profit.
I personally see the difference between rich and poor people in their motivation and purpose of gambling. Poor people gamble to get money and become an additional source of income. That is why poor people tend to be addicted to gambling because they continue to lose their money. On the contrary, rich people have the motivation to gamble just for fun. They need a challenge. Spending $ 100,000 to get $ 20,000 is not a challenge for billionaires who can earn millions of dollars per month. Instead, they take high risks because it will increase their adrenaline and allow them to have fun. That is what I see from some short video clips that I found on social media.
One who's got this allocation could just max out the 10% for entire gambling. But it's true that not everyone will be consistent on it because this serves as a guide and we as the ones who will follow it will still have the decision to make with the temptations that we see.
More temptation to go beyond the allocation limit that has been made in the event of a defeat will make them more emotional to play more and return the defeat.
Some succeed, but more fail to turn the tide even more and more losses are incurred.
This was due to their own greed and carelessness, unable to control it to stay within the prescribed limits.
That is why it is very important for gamblers to have very good emotional management. Someone who cannot manage their emotions well will make them act recklessly and greed will make them continue to exceed their budget. And that is what makes most gamblers become ruined and lose their future.