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"Risking everything" in a literal since, sure. Most people mean Risk everything non-essential and all of your gains. If you have 5,000$ saved up above your necessities to live, "Risking Everything" would be more in line with investing it all into AAPL, or investing it all into a food cart, not maxing out your credit cards and soaking family members or putting your family home up as collateral.

"poor kids" or people that don't have a ton of surplus savings can visit the casino, they just aren't playing the high stakes tables, they are playing penny slots.