Why the rich win gambling more than the poor.

[uneng]

There is a clear difference between the way the Rich stake on their own games and the way those who do not have enough stake games. You can see the rich go with fewer games and stake with huge money why the poor or average person carrys more game then stake with very low money so as to win big.
For example as of today's match the rich can just go with accumulating 2 odds alone then stake $100 on the bet which will eventually give him a 100% profit. But in the case of an average person you see him carry about 20 to 30 games and stake with as low as 3$ to $5 to get a potential win of $100 which most times end up in loss while sometimes favors them. The rich has less to worry, as his games are few and certain to play as predicted, even if it cuts he still has more than enough to do better next time

Although poors and riches play in different ways, it doesn't give any advantages to the riches on long run. It's like saying someone who place huge bets with 1.01x multiplier on win and 94% winning chance is in a better position than people betting with a low bankroll, 2x multiplier and 48%-49% winning chance. One huge bet lost by the rich gambler already put him in a much worse situation than the poor gambler who is gambling with pennies. Riches lose much more money than poor gamblers, because they have more money to afford to lose on long run.

I think what we can say is that money lost by poor gamblers will be missed later for basic needs, while for rich gamblers it won't make any considerable difference at all. It's probably just change money...

[Silberman]

There is a clear difference between the way the Rich stake on their own games and the way those who do not have enough stake games. You can see the rich go with fewer games and stake with huge money why the poor or average person carrys more game then stake with very low money so as to win big.
For example as of today's match the rich can just go with accumulating 2 odds alone then stake $100 on the bet which will eventually give him a 100% profit. But in the case of an average person you see him carry about 20 to 30 games and stake with as low as 3$ to $5 to get a potential win of $100 which most times end up in loss while sometimes favors them. The rich has less to worry, as his games are few and certain to play as predicted, even if it cuts he still has more than enough to do better next time

Although poors and riches play in different ways, it doesn't give any advantages to the riches on long run. It's like saying someone who place huge bets with 1.01x multiplier on win and 94% winning chance is in a better position than people betting with a low bankroll, 2x multiplier and 48%-49% winning chance. One huge bet lost by the rich gambler already put him in a much worse situation than the poor gambler who is gambling with pennies. Riches lose much more money than poor gamblers, because they have more money to afford to lose on long run.

I think what we can say is that money lost by poor gamblers will be missed later for basic needs, while for rich gamblers it won't make any considerable difference at all. It's probably just change money...

It is true the rich lose at the same rate than every other gambler, but for those that do not understand very well the math behind the games, it may seem as if the rich do earn more money than the rest, as a small win for them is many times bigger than the biggest win regular gamblers can get, still it is important to not make that mistake, as if someone does then they may get the brilliant idea of betting more what they can afford to lose to improve their results, and instead their losses will become way higher than what they can reasonably manage.

[nullama]

~snip~
Although poors and riches play in different ways, it doesn't give any advantages to the riches on long run. It's like saying someone who place huge bets with 1.01x multiplier on win and 94% winning chance is in a better position than people betting with a low bankroll, 2x multiplier and 48%-49% winning chance. One huge bet lost by the rich gambler already put him in a much worse situation than the poor gambler who is gambling with pennies. Riches lose much more money than poor gamblers, because they have more money to afford to lose on long run.

I think what we can say is that money lost by poor gamblers will be missed later for basic needs, while for rich gamblers it won't make any considerable difference at all. It's probably just change money...

At the end of the day the odds are usually the same, independent of how much you gamble.

And I think most rich people are not that interested in gambling anyway, because they are rich already.

That's one of the biggest things in gambling, the selling of the idea of becoming rich.

[KennyR]

~snip~
Although poors and riches play in different ways, it doesn't give any advantages to the riches on long run. It's like saying someone who place huge bets with 1.01x multiplier on win and 94% winning chance is in a better position than people betting with a low bankroll, 2x multiplier and 48%-49% winning chance. One huge bet lost by the rich gambler already put him in a much worse situation than the poor gambler who is gambling with pennies. Riches lose much more money than poor gamblers, because they have more money to afford to lose on long run.

I think what we can say is that money lost by poor gamblers will be missed later for basic needs, while for rich gamblers it won't make any considerable difference at all. It's probably just change money...

At the end of the day the odds are usually the same, independent of how much you gamble.

And I think most rich people are not that interested in gambling anyway, because they are rich already.

That's one of the biggest things in gambling, the selling of the idea of becoming rich.

Thats one thing, being rich makes them feel free and they don't have any financial pressure. This lets them enjoy gambling, which means selecting odds or wagering in Dice or some casino games. They take it fun and does it as a part of their entertainment. With the common people they spend the money kept aside for something important. This itself a pressure, because losing the fund could lead him into trouble. To overcome the pressure and to gamble free isn't an easy thing and the same leads to loss than win.

[letteredhub]

~snip~
Although poors and riches play in different ways, it doesn't give any advantages to the riches on long run. It's like saying someone who place huge bets with 1.01x multiplier on win and 94% winning chance is in a better position than people betting with a low bankroll, 2x multiplier and 48%-49% winning chance. One huge bet lost by the rich gambler already put him in a much worse situation than the poor gambler who is gambling with pennies. Riches lose much more money than poor gamblers, because they have more money to afford to lose on long run.

I think what we can say is that money lost by poor gamblers will be missed later for basic needs, while for rich gamblers it won't make any considerable difference at all. It's probably just change money...

At the end of the day the odds are usually the same, independent of how much you gamble.

And I think most rich people are not that interested in gambling anyway, because they are rich already.

That's one of the biggest things in gambling, the selling of the idea of becoming rich.

You're definite in the right mate. Many of us gambling right now are gamble due to our financial standard are low and poor it is to our expectation. Normally a rich/wealthy man waking up in the morning first thing that occupies his mind after his family is his business Investment and how to galvanized ideas to move it forward achieving growth in the business environment so he hardly or not all have time to sit and be gambling. Now the poor wants to be rich, don't have the Capital to invest in projects that can earn him wealth in long/short term so he buys the idea of gambling to be able to get the money luckily.  And it's a locked end, if you are in you are in, no way out, only about a 5% makes it out of gambling successfully.

[len01]

And I think most rich people are not that interested in gambling anyway, because they are rich already.

That's one of the biggest things in gambling, the selling of the idea of becoming rich.

rich people dont need money but rich people gamble just to get a thrill using the money they can afford to lose just like lower class gamblers and as @KennyR said if rich gamblers just have fun and choose to bet on dice or slot games while the second this game provides the opportunity to get the jackpot so it is natural that sometimes rich people will get big wins more often while they can bet whenever they want so luck will get closer.
but rest assured, if the big winnings are calculated in detail, it will definitely not match the losses, but rich people dont think about this because rich people have a lot of money that they won't feel like they're losing.

this assumption about big wins makes lower class gamblers have the mindset that gambling can give them luck to become rich while they forget how gambling works.

[killerfrost]

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.

Yep, just think that the freedom to spend is already a victory, a rich person can bet without caring much about money, and they get pleasure from it. But for those who lack money to play, it can be considered that that money is exchanged for their own lives, so they are aware of failure and ready to accept all results.

Most of us make mistakes in asset management while playing, and this mistake often appears in people who cannot balance their playing money, which is the reason why we see many poor people gambling when they are poorer.

But in my opinion, whether you are poor or rich, gambling is not the cause, it belongs to the player. So being clear about your goals when dealing with this field will minimize risks.

[TheUltraElite]

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.

There can be some reasons for the same:

1. The rich have more money at hand.
2. They own the casino - in which case you are out of luck.
3. They have money at hand that is not earned by their hard work, that is money to burn - so they gamble with it without remorse on loss.
4. The poor are desperate to make money and get into the trap of making money from little money

I dont agree with your pattern, it might just be a coincidence. Both have their own share of gambling attempts.

[ethereumhunter]

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.

Yep, just think that the freedom to spend is already a victory, a rich person can bet without caring much about money, and they get pleasure from it. But for those who lack money to play, it can be considered that that money is exchanged for their own lives, so they are aware of failure and ready to accept all results.

Most of us make mistakes in asset management while playing, and this mistake often appears in people who cannot balance their playing money, which is the reason why we see many poor people gambling when they are poorer.

But in my opinion, whether you are poor or rich, gambling is not the cause, it belongs to the player. So being clear about your goals when dealing with this field will minimize risks.

That's right. Rich people can use their money to gamble for a lot of money or to shop and buy what they want. That will be the difference between poor people wanting to gamble and poor people not being able to gamble much because they don't have a lot of money to use for gambling. Moreover, poor people still have to meet their daily needs, so they have to choose to use their money to gamble or to meet their daily needs. But that doesn't stop poor people from gambling because they hope to get huge winnings from gambling that can change their lives for the better. But instead of getting a big win, they will actually experience a big defeat. That's why those who don't have a lot of money must be able to manage their money well for gambling and to meet their daily needs.

[nullama]

~snip~
rich people dont need money but rich people gamble just to get a thrill using the money they can afford to lose just like lower class gamblers and as @KennyR said if rich gamblers just have fun and choose to bet on dice or slot games while the second this game provides the opportunity to get the jackpot so it is natural that sometimes rich people will get big wins more often while they can bet whenever they want so luck will get closer.
but rest assured, if the big winnings are calculated in detail, it will definitely not match the losses, but rich people dont think about this because rich people have a lot of money that they won't feel like they're losing.

this assumption about big wins makes lower class gamblers have the mindset that gambling can give them luck to become rich while they forget how gambling works.

Yeah, I think you're right.

Some rich people might just gamble sometimes just for fun. Sure, but they will probably stop after they lost their bet.

I just don't see how rich people would keep trying to gamble as there's nothing much for them there.

If anything, there's a lot of time and brain power wasted while gambling, that rich people could be using in other more important tasks in their lives.

[Negotiation]

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.

Yep, just think that the freedom to spend is already a victory, a rich person can bet without caring much about money, and they get pleasure from it. But for those who lack money to play, it can be considered that that money is exchanged for their own lives, so they are aware of failure and ready to accept all results.

Most of us make mistakes in asset management while playing, and this mistake often appears in people who cannot balance their playing money, which is the reason why we see many poor people gambling when they are poorer.

But in my opinion, whether you are poor or rich, gambling is not the cause, it belongs to the player. So being clear about your goals when dealing with this field will minimize risks.

It is true that if the aim is correct the risk comes down a lot but sometimes it depends on the gambler not all gamblers are the same. There are many poor gamblers who can't maintain their balance properly even if they don't have money, the situation becomes worse when they borrow and bet. Rich people have a lot of money they don't expect to win they play for entertainment but if they lose they can catch up with a large amount later but not possible for the poor. Hence it is better to set goals within their own limits and proceed.

[Blitzboy]

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.

Yep, just think that the freedom to spend is already a victory, a rich person can bet without caring much about money, and they get pleasure from it. But for those who lack money to play, it can be considered that that money is exchanged for their own lives, so they are aware of failure and ready to accept all results.

Most of us make mistakes in asset management while playing, and this mistake often appears in people who cannot balance their playing money, which is the reason why we see many poor people gambling when they are poorer.

But in my opinion, whether you are poor or rich, gambling is not the cause, it belongs to the player. So being clear about your goals when dealing with this field will minimize risks.

That's right. Rich people can use their money to gamble for a lot of money or to shop and buy what they want. That will be the difference between poor people wanting to gamble and poor people not being able to gamble much because they don't have a lot of money to use for gambling. Moreover, poor people still have to meet their daily needs, so they have to choose to use their money to gamble or to meet their daily needs. But that doesn't stop poor people from gambling because they hope to get huge winnings from gambling that can change their lives for the better. But instead of getting a big win, they will actually experience a big defeat. That's why those who don't have a lot of money must be able to manage their money well for gambling and to meet their daily needs.

For rich people, gambling is a treat; for poor people, its a dangerous way to win. We clearly see a gap. Rich people bet for thrills, and poor people do it for change. But thats where the trap is. People who are poor often get deeper into financial depression as they wait for a windfall. Why? As usual, the house wins. Arent you struck by how cruel the comedy is?

Lets talk about safe gambling, which seems like a strange idea to people who are really struggling. Like clockwork, the story goes: Someone who is poor goes to gambling to make their life better. Unfortunately, the odds are not in their favor. Instead of things getting better, they are in even more trouble. This loop is not only a problem with money; its also a mental trap.

How can this be fixed? Giving advice and help. People in communities need to know about the risks of gambling and have ways to get help for those who are having a hard time. Not only is it about handling money, but also about knowing the risks and making smart decisions. We should work to stop the cycle of hopelessness and sorrow that gambling keeps going for poor people.

[PokerBetting]

i think gamblng not about rich.
poor or rich same can win, but if rich can use marti can recovery lost in gamblng
maybe only win in you see or share if lost not share,  about  referal link promotion , can get referal comission

[arjunmujay]

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.

Yep, just think that the freedom to spend is already a victory, a rich person can bet without caring much about money, and they get pleasure from it. But for those who lack money to play, it can be considered that that money is exchanged for their own lives, so they are aware of failure and ready to accept all results.

Most of us make mistakes in asset management while playing, and this mistake often appears in people who cannot balance their playing money, which is the reason why we see many poor people gambling when they are poorer.

But in my opinion, whether you are poor or rich, gambling is not the cause, it belongs to the player. So being clear about your goals when dealing with this field will minimize risks.

That's right. Rich people can use their money to gamble for a lot of money or to shop and buy what they want. That will be the difference between poor people wanting to gamble and poor people not being able to gamble much because they don't have a lot of money to use for gambling. Moreover, poor people still have to meet their daily needs, so they have to choose to use their money to gamble or to meet their daily needs. But that doesn't stop poor people from gambling because they hope to get huge winnings from gambling that can change their lives for the better. But instead of getting a big win, they will actually experience a big defeat. That's why those who don't have a lot of money must be able to manage their money well for gambling and to meet their daily needs.

For rich people, gambling is a treat; for poor people, its a dangerous way to win. We clearly see a gap. Rich people bet for thrills, and poor people do it for change. But thats where the trap is. People who are poor often get deeper into financial depression as they wait for a windfall. Why? As usual, the house wins. Arent you struck by how cruel the comedy is?

Lets talk about safe gambling, which seems like a strange idea to people who are really struggling. Like clockwork, the story goes: Someone who is poor goes to gambling to make their life better. Unfortunately, the odds are not in their favor. Instead of things getting better, they are in even more trouble. This loop is not only a problem with money; its also a mental trap.

How can this be fixed? Giving advice and help. People in communities need to know about the risks of gambling and have ways to get help for those who are having a hard time. Not only is it about handling money, but also about knowing the risks and making smart decisions. We should work to stop the cycle of hopelessness and sorrow that gambling keeps going for poor people.

It is true, there is never safe gambling and can make players rich. maybe the rich are the bookies. and the player's winnings are arranged by the bookies. instead of getting a win, but it is a trap so that we continue to play and drain our money without realizing it.
and when we realize that we have lost, we don't stop but instead look for other capital to return the money we have bet in gambling. it is not uncommon to even borrow money to continue gambling which actually makes it worse because we have lost gambling and still have debts here and there.

[ethereumhunter]

For rich people, gambling is a treat; for poor people, its a dangerous way to win. We clearly see a gap. Rich people bet for thrills, and poor people do it for change. But thats where the trap is. People who are poor often get deeper into financial depression as they wait for a windfall. Why? As usual, the house wins. Arent you struck by how cruel the comedy is?

Lets talk about safe gambling, which seems like a strange idea to people who are really struggling. Like clockwork, the story goes: Someone who is poor goes to gambling to make their life better. Unfortunately, the odds are not in their favor. Instead of things getting better, they are in even more trouble. This loop is not only a problem with money; its also a mental trap.

How can this be fixed? Giving advice and help. People in communities need to know about the risks of gambling and have ways to get help for those who are having a hard time. Not only is it about handling money, but also about knowing the risks and making smart decisions. We should work to stop the cycle of hopelessness and sorrow that gambling keeps going for poor people.

Therein lies the difference between rich gamblers and poor gamblers but poor gamblers will still bet because they still see that it is the way to get rich. Unfortunately, poor gamblers have to sacrifice their money, which could have been used to meet their daily gambling needs. Even though they don't have a bigger chance of winning, they should be aware that it will still be difficult for them to win.

Safe gambling is where people can limit their money for gambling and don't gamble excessively. They cannot pin their hopes on gambling because it is not a job and not a place to make money. They can only enjoy gambling games where they cannot expect always to win. The odds would not be greater even if they increased the amount of money for gambling. Meanwhile, rich gamblers can enjoy gambling games longer than poor gamblers because they have more money and can also bet larger amounts of money and of course, if they win, the winnings will also be big.

That can be improved if poor gamblers know that they cannot hope to win from gambling and can only gamble in moderation. It will not provide a greater risk of losing money because they know when to stop before the money runs out. Those who feel they have spent too much money on gambling should immediately stop gambling and divert their attention to other things that can provide opportunities to make money. Maybe there needs to be awareness among poor gamblers not to gamble too often so that they can know that gambling excessively can cause them to lose more money.

[nullama]

i think gamblng not about rich.
poor or rich same can win, but if rich can use marti can recovery lost in gamblng
maybe only win in you see or share if lost not share,  about  referal link promotion , can get referal comission

Yeah, there are other ways in which people actually get paid when dealing with casinos.

Normally gamblers would lose money, but if you are marketing a casinos, or streaming for a casino, etc, you might get commissions and other types of income, so you might actually end up earning money.

But that's a bit more like a normal job, not really gambling.

[Silberman]

That's right. Rich people can use their money to gamble for a lot of money or to shop and buy what they want. That will be the difference between poor people wanting to gamble and poor people not being able to gamble much because they don't have a lot of money to use for gambling. Moreover, poor people still have to meet their daily needs, so they have to choose to use their money to gamble or to meet their daily needs. But that doesn't stop poor people from gambling because they hope to get huge winnings from gambling that can change their lives for the better. But instead of getting a big win, they will actually experience a big defeat. That's why those who don't have a lot of money must be able to manage their money well for gambling and to meet their daily needs.

That is a common blunder but one that must be avoided at all costs, if a poor person has to choose between gambling or satisfying their needs with their limited amount of money, they need to always pick the latter and disregard the former, gambling should be an activity we do only when we have some additional money we do not mind losing, betting money we actually need for anything is a big mistake that sooner rather than later will cause us massive problems down the line.

[ethereumhunter]

That is a common blunder but one that must be avoided at all costs, if a poor person has to choose between gambling or satisfying their needs with their limited amount of money, they need to always pick the latter and disregard the former, gambling should be an activity we do only when we have some additional money we do not mind losing, betting money we actually need for anything is a big mistake that sooner rather than later will cause us massive problems down the line.

Yes, I also think like that because by prioritizing meeting their needs, they don't need to use their money to gamble. They can also avoid losing money from gambling games because when playing gambling, they are more likely to experience loss than win. When they lose, their emotions can increase, which can result in them continuing to gamble because they want to recover from their losses. That is clearly different from rich gamblers who can use a lot of money while they don't worry about other things, including money, to meet their needs. That's why rich gamblers can do several things at once because they are financially supported better than other people.

[Blitzboy]

That is a common blunder but one that must be avoided at all costs, if a poor person has to choose between gambling or satisfying their needs with their limited amount of money, they need to always pick the latter and disregard the former, gambling should be an activity we do only when we have some additional money we do not mind losing, betting money we actually need for anything is a big mistake that sooner rather than later will cause us massive problems down the line.

Yes, I also think like that because by prioritizing meeting their needs, they don't need to use their money to gamble. They can also avoid losing money from gambling games because when playing gambling, they are more likely to experience loss than win. When they lose, their emotions can increase, which can result in them continuing to gamble because they want to recover from their losses. That is clearly different from rich gamblers who can use a lot of money while they don't worry about other things, including money, to meet their needs. That's why rich gamblers can do several things at once because they are financially supported better than other people.

For many people, gambling turns into a circle of losing and losing again. The house always wins, thats the harsh truth. Why? Because thats how games are meant to work. They try to get people to come in by saying they can win big, but the odds are always in favor of the casino.

Think about this story: Just an average guy named John starts gambling. At first, everything seems like fun, but soon, loses start to add up. He loses all hope and starts gambling more to get it back. John walks right into the trap. As a result, more losses happen because of shaky reasoning.

Rich bettors, on the other hand, have their own world. They bet for fun, not because they have to. Are you losing? Just a small problem. They can take risks without putting their job at risk because they have extra money. Rich people can afford to lose at this game of luxury, but poor people like John risk losing things they need.

[Kelward]

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.

The same luck applies to the rich and poor when it comes to gambling, it doesn't matter your financial status, the outcome will still be determined by luck. The only difference might be that the rich can afford to place more bets because they have the money, which can give them better chances of winnings. While the poor's chances of winning is limited by their small money to place bets, even if they wants to increase their chances of winnings, they wouldn't have the money to risk it. So with this analysis you'll see that the reason why the rich wins more than the poor in gambling is because they put more money in bets, therefore they have more probability to win.

Also remember that as the rich stakes more money in gambling that increases their chances of winning, they also have more loses if they don't win. Although I believe that the rich gamble for fun and not necessarily to increase their wealth. But the poor is the opposite, most gamble to make a living from it.