"It's time for schools to focus on the root cause of online teen gambling by implementing gambling prevention education in all high schools. Health class curricula across the nation cover the typical risks for teens such as smoking, drinking, vaping, etc yet gambling education is nowhere to be found in our schools. " This is what Colby Cotrone said when interviewed by NBC News about the article he published in NYpost about the online gambling trend among teens causing concern because, in the school halls, they can already overhear teens checking odds and their parlays like it's the most casual thing to do in the campus. This is due to the gambling apps easily downloaded by anyone. When Marc Potenza the Director of the Center of Excellence in Gambling Research was asked whether they were seeing young patients calling for help, he said there is an increase of 90% in young males with sports gambling problems. Either the patient himself or the parents calling for them. https://youtu.be/pCDbvDDLpFg?t=313What's striking the most of what Colby Cotrone said was that kids are unaware of what they are doing. Could it be that even the grown-up man may also not be aware of what he is doing as over time a gambler may be consumed by how much he enjoyed the thrills of gambling? They think they are doing something as simple as rooting for thier favorite players but it's turned more into making money than the game and having fun as a fan. - Colby Cotrone And would you agree with him in implementing gambling prevention education in schools? Ultimately this comes back to whether casinos are properly enforcing identity checks and determining the age of users. It seems rather straight forward these days to confirm someones identity via an ID and it isn't especially easy to fake KYC documents, or at least it probably is more effort than a teenager is going to take. Believe it or not, casinos don't actually want or need this type of player, as they are already making a lot of money from the regular punters who keep depositing. They are more than happy to avoid these sort of controversies and if anything is suspicious at the ID check stage they are likely to reject. |
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Friend of mine knew that btc and gold gona go high. So one year Ago he called Banks Even to asian bank to ask money invest on markets he also told them he will do it smart Will do DCA....in gold and btc. The Banks was asking his knowledge and reason for money still did not give. So my friend told them look guys i know good info If i know that gold and btc will go then you guys should know it too it's a win:win you give money and i invest exacly on right time Banks was talking some bs reasons. So Banks and financial instutions are evil they don't want to cooperate with even with people who knows how make money from money it's like they don't want make money from money why we need them If they don't work with us? If the banks was gona give money everybody winner here banks make their money and my friend was gona make money and profit and my friend will be financially Free and with that knowledge Will only make money from money. And funny thing is my another friend who did apply for Job on hedge funds he predicted everything to them and showed Even where he got inside info and told them he knows how to make a lot money from money not even those guys who got degree will make that much money and they refused.....like wtf??? Are the banks and financial instutions here for money or not ? Instead of real knowledge how to make profit and money of money they hire someone with degree who has no clue even how the real money Made and no experince just degree and vision what to do and what's the moves how to make money from money....so why waste time and ask on the first place what IS the purpose of loan and vision If they don't give money anyways why so evil ? If someone who knows a lot Will put the facts and info front of their eyes and they still don't give money ? I mean a lot people can escape slave life 9-5 Job If banks could give them money to double triple it's win win they get back all the money and profit and they can see If person whos asking money or job knows really things but they still refuse So Im asking what's the bankers and financial instutions real agenda because it doesn't seems like they want to make money together self learned very smart and experinced people yet they ask questions like purpose of loan and idea for what ....yet they see all the info and even exacly timing of Market prices front of their eyes and they still refuse wtf  Im against to them If someone knows same things like they put front of them and without School education or degree and very smart with smart ways to find about whales and activities of big financial instutions and banks still don't give funds Like wtf? The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ? Your friend didn't know anything out of the obvious, in a high interest rate environment gold was bound to go up and BTC had a high chance of reacting similarly. Banks don't owe you shit, they are money generating businesses that are trying to earn a profit for their owners - the shareholders - and not give charity to the average person on the street who would happily pour money away on useless trash. They are not going to cooperate with idiots, if you are one, because they actually understand that money is hard to earn and easy to spend. |
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I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons. There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling. The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:
“To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.” His statement on X: https://x.com/hoakbuilds/status/1790434490877129007https://docs.google.com/document/d/10ta9quGGrmTNE1Pi7MlgLgSx9zxEqQdkbBfis1pmHrM/mobilebasicIt was not "money mismanagement", it was fraud - plain and simple. That money was under their control for an assigned purpose, when they decided to take it and fritter it away on gambling, they did so with dishonest intent. It was driven by greed, they thought they could beat the system and ultimately got eaten up by it. It's hard to have any sympathy for them, as they probably had multiple chances to stop early on but kept pushing through with disastrous results. I feel sorry for the many people who will have to go without now, as one person tried to take a shortcut to wealth against odds that were stacked against them. |
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This topic has come up quite a few times over the years on this board. A lot of the discussion around it has mostly been others opinions. I found this neat little graph online (instagram) from the New York Times that compares the two. Now keep in mind one's location will certainly have an effect on which one might make more sense, even in what part of you own country you're in.
This graph is really meaningless and does not reflect the actual reality of renting vs home ownership. Renting is definitely useful for certain people, especially those who are younger or need to be mobile when searching for work. Not being tied down to one geographic location is very useful and it is the only thing that certain groups can afford. Home ownership comes with it's own set of benefits and responsibilities however. You are ultimately paying off an asset each month and will end up with ownership of a very expensive asset at the end of it, you're not paying for someone elses house. There is also the inevitable debate about the ability to "make yourself at home" as many renters are restricted in what they can do, but sometimes benefit because the landlord may have to keep a certain level of upkeep for them. |
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Hi everyone,
Here actually is my finding on why people chase loses in gambling, do you know that it's natural for a gambler to chase after his or her loses? Well, if you don't know, now you know, it is natural in the sense that ; the desire is inbuilt, it is we ourselves that learn to put or subject the desire to our control, same way it is natural to feel bad when you lose a bet, but you can be happy if you choose to, and can control your emotion.
One of the reason why many gamblers naturally chase after their lose is due to one thing that is built into every game known as the "near miss effect", after every loss, a near miss effect makes our brain believe that a win is very close, and this automatically makes the player to keep playing and playing, even while he or she is losing, his or her brain convinces itself that a jackpot is just around the corner, this makes the player keep playing until he or she discovers that his or her bankroll is empty, this is when anger and regret usually sets in, you begin to feel like you were not really yourself all that time you were gambling, like you were hypnotized or something, and you only regained consciousness of yourself when you have already gambled all your money away.
This has happened to me few times, and from it, I've leant to always be conscious of myself and my decisions while gambling, making sure I do not allow my brain to deceive me into believing that my losses is because a win is around the corner, making me to gamble way more than I've planned to.
So, from your own understanding, what do you think makes people chase loses aside greed which I believe many of us are already familier with?.
People don't like losing, because losing means they made the wrong decision and/or that someone else is smarter than them. That is a painful pill for some people to follow and what seems like the easy way to hit back in this scenario, is to walk away the "final" winner and get one over on the thing that has hurt your feelings. Except it doesn't really work like that and people end up digging a bigger hole. Some people also cannot accept that each bet is just based on math and is entirely separate from any past or future bet. They seem to concoct this imaginary scenario in their heads where their lucky break is always one roll away, they are owed a win and if they just keep trying it will pay off, but this sort of psychological trickery only makes casinos richer. |
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I have actually come across entrepreneurs and investors who had run mentally disabled and were rehabilitated due to weak emotional capacities to withstand the lost of their valuables not being affordable.
While I have also attended several business conventional concerts, there had been this health wise guide orientations that health is also wealth so we should always consider our healths while we are Investing our funds at the course of chasing incomes to secure wealthiness.
This is not just about setting up emergency budgets for healthcares such as when we are down with the common illnesses such as Headaches, Mononucleosis, conjunctivitis, Diarrheas, Stomach aches and so forth which are most considered health wise.
If we ignore to consider investing what we can afford to loose, we could eventually be negatively affected on our mental faculties which we may never had expected it coming.
There is every possibilities of an investor to go psycho when looses beyond the capacity that their mental health could accept.
Failure to put this as concern and during investment we looses above our limits, we could be at every tendencies to be exposed to heart attacks or mental disorderliness as a matter of unbearable and dispersant shocks.
Sometimes ago, I reached out to my sisters husband on the phone and he sounded so frustrated and strange, while still on the phone, he cut off the call on me and I called severally he ignored the calls.
After some times I called on his wife to express the displeasure of her husband on me and she also said her husband has be acting strange some times now which I make out time and catch up with him as a friend I assumed he is to me.
Right before me he was really acting strangely but all I could figure out of It with our conversations was that he invested his life savings and even borrowed some money in order to promote his profit potentials but it was unfortunate for him that the investment crashed and he lost it all.
I don't know if he invested it in a highily volatile and risky platform or that he fell scamming victim.
Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are are affordable to loose.
This is an important one and should be mentioned often. It is important to have fun and explore the world when you are young, so be less concerned about saving all of your money until old age at that point. Some people might frown upon it, but there is no problem spending the majority of your wages in your early 20's as long as you are doing productive things with your free time. You never know what curveballs life will throw at you and you take up every opportunity to do something new. That doesn't mean wasting money on idle crap like super expensive clothes or having food delivered to your home every evening, you need to distinguish what is really adding the most value in life. |
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I love roulettes because it is very easy to play and I see it relaxing. I bet with $3.5 yesterday using martingale strategy as I want to see what the outcome would be, I was able to win $6. $6 to $9 but it will go down to $3 until I won $10. From $10 back to $6 until I won $13. Later I won $18. I played 5 consecutive times without winning at all and I lost the whole money. If won any among the 5 times selection, I would have increased it to back $18 or to $25. It was a boring day for me, I enjoyed the game, I wish to play more but I do not want to lose more money.
This "strategy" has always been a joke and is just something that losers cling to in order to pretend their is some logic to their madness. A strategy where you keep doubling up simply stops working whenever you inevitably run out of money and you will always run out of money much sooner than the casino does. They say that repeating the same thing over and over again while expecting different results is the definition of insanity, then this is an extension of that. You probably have better odds of winning the lottery than making any sort of sizable return by using this technique, you are much more likely to end up emptying your wallet and even borrowing more money to waste away if you try to use it. |
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Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do. We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings. So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do. Or like the bald guy says, we need to find a way to exit the Matrix.  That is such a strange way to look at the government, like they are your opposite or your enemy. I don't think politicians are perfect by any means, however in many countries the government offers lots of services that become much cheaper when the collective population pool resources. You talk about taxes as if nobody should ever contribute to anything, yet they allow your country to remain free with an army, it pays for the police force or fire services which often keeps people safe and the upkeep of vast amounts of infrastructure to keep people moving. It's obvious that very few people will actually reach financial independence, at least until they finally reach retirement and hopefully have been saving enough through their lifetime. |
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I'd like to share with the community a humble trick I've seen helping me and also many others.
As we all know gambling these days has become very easy to reach all aspects of our lives. You can play at home with online casinos, you can verify yourself without having to get any physical documents thanks to eID etc. You can even play from your bed thanks to mobile apps and mobile friendly gambling websites.
Well the approach is quite simple. Just as those working from home will share a pro tip that they have compartmentalized their work space from their living space to be separate, so they can live the rest of their day before and after work peacefully... Under the same principle it might be best to just not login to your gambling account on mobile.
If you have pressing obligations, if you have a strict budget or limits, which to be real we all do in some way or another, it's best to compartmentalize your gambling also. Only do it at a certain spot on a certain machine. Don't bring it everywhere and don't open up the possibility of playing everywhere all the time.
That's it basically. It's what I do also. For me it's a preventative measure to save time but also prevent addiction or financial ruinage. For others it might be a recovery tactic. Who knows. You can try it or tell us how it has worked for you if you already tried.
The trouble with these sorts of "tricks" is that if someone has enough self control in gambling to stick with this rule, then they most likely have enough self control not to be a problem gambler. It's true that people who have picked up the habit of gambling on their phone, either through a website or a separate app, are going to be more vulnerable to losing money because peoples phones are an ever present fixture in life. You also mention budgeting and limits, which are probably better ways to manage your account, as long as you can resist the urge to remove them or raise them so high as to make them worthless. Letting gambling seep into your whole day is definitely a problem and this solution could help a little. |
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Most nations especially in Africa lately adopted the modern digital technological, Previously we've been in the primitive and analog system and due to the hardship and lack of standard education, we've been trying to remain ignorant over Internet facilities and its networking was untrust due to underdevelopments.
The mentality was being too poor that our government could always convince us with lies and formalities just so that we don't get to know about the advents of the modern reality world which we're in today.
The impacts of the government towards us was that we don't need to know the truth so that we don't have them questioned, they refused to comply with infrastructures to enhance and build our mental faculties because they're afraid that we might be some kind greater than they may be and that seems as threats to them.
The late enlightenments to the modern and digital world we lives today has caused us setback from venturing into the digital technology systems that's how we've also missed the opportunities to adopt in investing in the BITCOIN when it was earlier introduced. Then we had no knowledge of it and the government fed us with lies that the BITCOIN CRYPTO DIGITAL FINANCIAL TECHNOLOGY was a scam and as then, we strongly believed that the government got our back.
That is a huge wall of text and it was very hard to understand your point. If it is that Africa was behind in the cryptocurrency game and that was partly due to government suppression, that is true. You also have to consider that governments all around the world, but particularly those in Africa, want as much visibility of the incomes of their citizens as possible with the aim to tax them. From those taxes they can develop countries further, but unfortunately this can be abused by corrupt politicians for the wrong purposes. Not only that, it gives those same officials the power to manipulate and suppress dissent by targeting funds held in local banks. This is yet another reason they try to control or even block cryptocurrency transactions. |
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I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.
The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.
The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.
He manage to wager a whooping 825M $ in just a single year when he lose that 127M.
No. It is not heartbreaking. This was driven by pure greed and he frankly didn't deserve to keep them money. He was already wealthy enough that he could have simply spent 1.5 million per year and never had to work another day in his life. He made a choice to waste away his massive fortune, instead of being content with what he had already. He could of spent a tiny fraction of that on seeking help and trying to remedy his addiction. Personally, with those sort of funds I could find a million other more exciting things to do than sit in a casino handing over money to make someone else rich, it's not entertaining in the slightest and there are better thrills to be had elsewhere. |
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People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance.
The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.
We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.
If you have begun saving, then you are on the right path. Many people will spend their early years in debt and some manage to rack up rather large amounts at that. For those people they have to work up from a negative position, just to the point of break even (zero) and by that time hopefully they have readjusted their whole mentality to spending. The wise people in life choose to keep their debts at an absolute minimum, with the only big one worth taking out being a mortgage or sometimes student loans. Once you have got a sizable buffer, or at least a couple months worth of salary minimum, stored up then you can begin to look into the world of investing and it's probably best to start putting money into index funds as they have traditionally given great market matching returns in the last few decades. |
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I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
Being in a desperate situation is probably the worse time to be gambling, as it can easily lead you to taking much higher risks or deceiving yourself as to the chances that a win will materialize. After you inevitably lose it is likely to lead you into an even more depressed situation, plus now you will be kicking yourself that you wasted what little you had left. The best time to gamble is when you have stable finances and do not feel any pressures, are well rested and not under the influence of any intoxicating substances. If you know it is just a little bit of entertainment and have allocated a small portion of your income to gambling, you will feel the most in control with the ability to walk away without another thought. |
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1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.
What do you guys think? Is this true or false?
War is a destructive force and in the current age it shows great weakness, at least when you do it in a way that Russia has done - attacking a direct neighbor, but not being able to punch a decisive throw and now deteriorating their own economy every single day it continues. You could say it was inevitable, as Putin becomes a weaker old man every day, he wanted this one last flex to try and claw back something for Russia, but we he falls - and he will - it will all go back to Ukraine and this whole affair will have been a colossal waste for both sides - plus Russia has made an enemy for a very long time that will never want to trade with them again in future and will do everything to undermine them |
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Hi Everyone!Sportsbet.io is a Bitcoin sports betting & casino platform opened on June 1st, 2016. Sportsbet is proud partners with several major Football clubs around the world giving you fans the best opportunity to follow your team closely and be in the running for exclusive merchandise! Our Club partnerships:Official Partner of Newcastle United Football Club Even More Spiced Rum & Coke Beers with Steve!Well I have been fortunate enough to join along on a whole bunch of Sportsbet.io events and it was a pleasure to do another Beers (or Spiced Rum and Coke!) with Steve again at the final home game of the season for Newcastle. It was amazing getting the box VIP experience again and always feel very honoured to experience it! It was my first time in Newcastle and it is an absolutely amazing city and spent a bunch of time exploring while there. I know Steve is very keen to get some new faces along, whether that is special promotion winners or people who come up with interesting promotion ideas, he will try his hardest to get you there. The game ended 1 - 1 and from the tour of the grounds it was curious to learn that the pitch has quite an impressive slant on it, so it can feel like playing uphill from one side! Thanks again Steve, hope you meet you again in future |
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Hi everyone,
Casinos are known for having rewards , which are almost the same in all of them and do not differ much. For example, the welcome bonuses that players get after making deposits, free spins, bonuses, etc. Although there is some difference in small details from one casino to another, their goal remains to promote and attract more visitors , players, and the positive thing here is that these rewards are motivating and give the player a distinctive gaming experience full of entertainment and fun.
Do you research the casino features before playing? Do you find these features useful for the casino and the player at the same time?
If you're wise then it can be possible to do a one off sweep of lots of casinos, targeting the welcome bonuses that you described. You need to make sure you thoroughly read through and examine the terms because some of the play through requirements can make it worthless - you'd be lucky to walk away with a few dollars. The sports betting reward bonuses are likely to be the most lucrative. Besides that, the only extra bonuses I've encountered were in physical casinos, where they sometimes give away things like free drinks or food. This can sometimes depend on your spending patterns and can be a bit creepy that they monitor you to that level. |
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Countries can change just think about the new currency euro it's new think about that one country use to be poor and how fast things can change.
Companies they also come and go Even the currencies they come and go.
But If you have just few good people the very best friends kind of loyal then that's priceless.
We never know when we need help and the good helping hand from the friend or family member it's priceless.
So you can lose ur gold money btc and property and car so everything but human connections stays.
Think about in war situation your country flag can be changed overnight or currency.
You can invest in stocks and company you did invested can disapeare.
Off course we don't need to think about extremes but let's just add another layer of wealth the human connections.
Good friends good people kind of your own people.
We live in the Changing world and If you have some supportive people around you that's good thing and that's true wealth even after many years.
The biggest eurozone countries were definitely not poor and places like France and Germany had a very high standard of living that is comparable to America. The new currency did allow some poorer countries to join and take advantage of the creditworthiness of their partners. Take Greece for example, they borrowed a lot of money and maybe needed to be a bit more responsible. However Germany benefitted from having poorer countries in the union as well, because it made the Euro weaker comparatively against other countries which meant they were able to export more goods at the best price. These unions can take decades to evolve however and I'm not sure why others are forming right now. |
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I was wondering how does casino affiliates programs work.
I have a friend who is an affiliate marketer. He does affiliate programs for various sectors. For example in the health sector, finance sector, educational sector and so many. It got me thinking after he tried introducing me into it, he is trying to make me change my mind from gambling in 8 ball pool instead i should use the money to get an online affiliate course.
Am curious right now, to know how does affiliates program work in gambling. I know gambling is big niche and they also run affiliate programs, so anyhow have an idea?
I'd say that ultimately you have to think about your decision from a different perspective before starting. You will be sending people down a path where maybe 99% of the people you refer into a gambling site will end up losing money. With that in mind though, these affiliate program could be highly profitable to you if you're able to find strategies to convert people into paying casino customers. The casinos aren't stupid and likely weight affiliate programs towards customers that actually deposit then spend. From a different perspective, it may be rather expensive for you to find and convert people cheaply into paying customers. |
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While others have learnt their lessions of not utilizing their incomes when they had a stable source for their income flows, some others are paying adamants and ignorant to learn from what has happened to others because they feels they are not of the same calling to be affected with what happened to others.
In life some persons just do what pleases them and doesn't tolerate with any piece of advice from anyone at the times they feels to had acquired the heavens on earth. And yet they are not Concious that as the more they grows their incomes for multiplications is also how it could depreciate to a zero value if not utilize productively for continues growth.
A friend of mine goes wild at me whenever I talk to him about his reckless spendings, he ask me what would be accounted of his money if not enjoyments?
This is a kind of guy that feels relaxed when he has an attractive amount of money in his bank account and then feels he is only supposed to go after making more money only when he is running out from the one already accumulated and spent.
How on earth would someone give chasing after income holidays even when you do not have more than enough and not up to the age of retirement yet?
And after squandering all that he has saved he goes about requesting to borrow money.
I have talked to this guy on several occasions but he feels I am a pest disturbing his dear life.
As at this moment, the country is encountering very high rate of inflation which stuffs doesn't go fair as before leading him sold his car and being struggling to pay his bills while living in the city and at now, he does not have a place of residence of his own so he jumps from one place to the other passing his night's.
He is now the pest perching on any available places conditionally while inconveniencing others.
He now lives a low key with the best he can afford.
"Had I know" is now a national anthem to him.
I don't find his ignorance to be an excuse and I am thinking of disassociating from him before he gets me affected with his negative possesed energies.
There's no point trying to fix everyone, it sounds like you've tried to educate this person to improve their finances but they choose to spend without thinking about tomorrow. It can sometimes be a good thing too, when people are young, then it can actually be wise to spend more money on trying new experiences instead of hoarding for retirement which might be 50 years away. You just need to find the right balance - I find once people have built the habit of having a small amount of savings they do not touch, they'll learn more self control and thinking beyond tomorrow. Short term thinking is the underlying problem here and when you're living with little money it can be hard to picture better financial stability. |
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I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.
I'm not sure how you would pick up such anecdotal evidence, as the richest high rollers would often be found gambling behind closed doors and in private casinos where the average person will not have access. Besides that they are susceptible to the same odds as everyone else and are not going to be beating the basic mathematical odds that define win percentage. They are more likely to be higher educated though, which means they might avoid certain games that they know have a much lower chance of winning, or if they play blackjack for example & they're more likely to know to stop on 16 or 17 in order to have the best chance of beating the dealer. |
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