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Author Topic: Why the rich win gambling more than the poor.  (Read 3048 times)
bakasabo
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December 13, 2023, 12:49:40 PM
 #281

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.

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.

R


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December 13, 2023, 12:53:39 PM
 #282

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
Yes, logically, if you are rich, you can use the Martingale strategy to recover your losses, even though it is not 100% successful, most people who use this strategy will lose all their capital money if they don't use other strategies, this strategy is not worth using for people who cannot control themselves, let alone greedy. , they will never be able to stop trying to recover from their losses by draining all their money until it runs out.

It's true that rich and poor people are all the same, it comes back to their mindset, sometimes the mindset of poor people who gamble is more directed towards making money, which is different from the mindset of rich people where they gamble for fun, just looking for entertainment which makes them enjoy the game without emotion. the more controlled they are in playing, the more they know when to stop, namely when they win big. only the mindset that differentiates it because luck will come to the poor and the rich. Talking about sharing wins is usually only done by influencers to get referrals.  Wink

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December 13, 2023, 12:55:58 PM
 #283

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.

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.
A rich person takes high amounts to gamble and if they win they can come back with even higher amounts.  But a poor person is able to gamble with small amounts and when he loses them he panics and starts gambling with loans due to which his confidence of winning in gambling is greatly reduced.  And since the rich person has enough financial backup, even if they gamble first, they don't panic and continue to gamble calmly, so they can recover their previous gamble and profit.  This is why a rich person wins more gambling than a poor person



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December 13, 2023, 01:00:52 PM
 #284

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.

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.
A rich person takes high amounts to gamble and if they win they can come back with even higher amounts.  But a poor person is able to gamble with small amounts and when he loses them he panics and starts gambling with loans due to which his confidence of winning in gambling is greatly reduced.  And since the rich person has enough financial backup, even if they gamble first, they don't panic and continue to gamble calmly, so they can recover their previous gamble and profit.  This is why a rich person wins more gambling than a poor person
I agree with you and I have proof of this myself.  As poor people are financially weak, they quickly panic even at the sight of a small loss, due to which they cannot gamble in a cold heart. And if you panic in gambling, loss is certain.  Because panic gamblers place random bets which quickly deplete their gambling budget and subsequently panic more.  And the rich people always gamble in the relaxed way because of which their bet amount is not random and at the same time they can win very well. Because of this, the poor always remain poor and the rich get richer more


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December 13, 2023, 01:05:39 PM
 #285

It is little bit hard to say exactly why this happens but there can a few reasons.
One reason I think maybe that rich people are better in managing their money. They may be more careful with how much they bet and know when to stop. This can help them to be more successful at gambling.
One more reason can be that rich people don't rely on gambling to survive. They have enough money to meet their need so they see gambling as a fun activity. This also help them to make smarter decisions when they bet.
I think these are the reasons. And this is good because they are financially strong if they lose the money they do not go in depression they just bet and enjoy.

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December 13, 2023, 01:20:43 PM
 #286

I agree with you and I have proof of this myself.  As poor people are financially weak, they quickly panic even at the sight of a small loss, due to which they cannot gamble in a cold heart. And if you panic in gambling, loss is certain.  Because panic gamblers place random bets which quickly deplete their gambling budget and subsequently panic more.  And the rich people always gamble in the relaxed way because of which their bet amount is not random and at the same time they can win very well. Because of this, the poor always remain poor and the rich get richer more
I agree with you because I started playing poker and I had very little money, because of this I was very worried about every bet. These experiences ultimately threw me off balance emotionally and made me do things that are difficult for me to explain to myself. In the end, I entered a high buy-in tournament with all my money and of course lost it. After that I didn't play poker for a very long time. A year passed after that incident and I had a desire to play poker again, only I had more money and no worries. I started playing with a cool head and managed to earn some money.
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December 13, 2023, 02:06:03 PM
 #287

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.
Just picture two gamblers, one wealthy and the other poor. Their stories couldnt be more different, even though they share a table. Rich gamblers regard losses as little more than a dent in their wallet and view this as relaxation. Its a high-stakes game, and every defeat hurts deeply for the low-income bettor. This is when it gets really important: The playing field isnt level in gambling. Rich people play with spare money, whereas the destitute frequently play with their lifelines. Although its hard to resist the appeal of "big wins," gambling is a risk, not a sure thing.

The fix? Awareness and instruction. The hazards must be understood by gamblers, particularly the less wealthy. Understanding when to give up is only one aspect of it; another is realizing that gambling is a risk rather than a steady source of revenue. This has nothing to do with dash dreams, but rather with safeguarding the weak. We can protect people for whom losing is more than just a game; its a real-life setback by encouraging responsible gambling.

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December 13, 2023, 02:37:35 PM
 #288

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.

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.
A rich person takes high amounts to gamble and if they win they can come back with even higher amounts.  But a poor person is able to gamble with small amounts and when he loses them he panics and starts gambling with loans due to which his confidence of winning in gambling is greatly reduced.  And since the rich person has enough financial backup, even if they gamble first, they don't panic and continue to gamble calmly, so they can recover their previous gamble and profit.  This is why a rich person wins more gambling than a poor person
I agree with you and I have proof of this myself.  As poor people are financially weak, they quickly panic even at the sight of a small loss, due to which they cannot gamble in a cold heart. And if you panic in gambling, loss is certain.  Because panic gamblers place random bets which quickly deplete their gambling budget and subsequently panic more.  And the rich people always gamble in the relaxed way because of which their bet amount is not random and at the same time they can win very well. Because of this, the poor always remain poor and the rich get richer more
People who prepare to gamble with little money often lose money and fall into despair because poor people always prepare to gamble with little money and rich people always prepare to gamble with more money.  The advantage of gambling is that if some money is lost, one can stay in the field to recover the loss. And when gambling with a small amount of money is lost, there is nothing else to do.


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December 13, 2023, 03:21:24 PM
 #289

I started playing with a cool head and managed to earn some money.
What happened here is that not because you give a rest but you noticed you weren't that knowledgeable enough so you needed to for more skills to enable you win But here, do you know that when most of the poor are gambling they gamble with all desperacy with the mindset to make something very special, especially when it comes of game select for those that are more conversance with sports betting they will pick multiple games upto 10 above but what I senses from the Rich is that they only gambling with 1.2 odds and stake higher.
The rich don't mind staking with $10k for game with only 1.5 odds or 2 odds this gives them the higher probability of winning that is why we often noticed that the Rich keeps winning in every angle they finds themselves why the poor would want to attach greed to it, this can't be possible to achieved.


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December 13, 2023, 05:40:04 PM
 #290

It is little bit hard to say exactly why this happens but there can a few reasons.
One reason I think maybe that rich people are better in managing their money. They may be more careful with how much they bet and know when to stop. This can help them to be more successful at gambling.
One more reason can be that rich people don't rely on gambling to survive. They have enough money to meet their need so they see gambling as a fun activity. This also help them to make smarter decisions when they bet.
I think these are the reasons. And this is good because they are financially strong if they lose the money they do not go in depression they just bet and enjoy.
There are many types of rich, partly maybe as you said, people who are rich because of their mind and intelligence, that helps them see the game with gambling more accurately, most especially, their psychology is too natural and less volatile, and as long as they don't gamble excessively, anywhere in gambling is dawn for them. But like many stimulants, it initially prides itself on its ability to sublimate, but after it has stripped away all its underlying foundations, it rots, gambling is billions of termites digging straight into finances, just a few years of gambling, the loss threshold will be extremely high even if we are a rich person.

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December 14, 2023, 12:43:26 AM
 #291

~snip~
There are many types of rich, partly maybe as you said, people who are rich because of their mind and intelligence, that helps them see the game with gambling more accurately, most especially, their psychology is too natural and less volatile, and as long as they don't gamble excessively, anywhere in gambling is dawn for them. But like many stimulants, it initially prides itself on its ability to sublimate, but after it has stripped away all its underlying foundations, it rots, gambling is billions of termites digging straight into finances, just a few years of gambling, the loss threshold will be extremely high even if we are a rich person.

Yes, there is definitely different ways for a person to become rich.

Probably the people that got the money easily will be spending it on casinos and lose it quickly.

But people that have invested well in their lives will most probably not spend their fortune at casinos.

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December 14, 2023, 03:16:36 AM
 #292

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.
A rich person takes high amounts to gamble and if they win they can come back with even higher amounts.  But a poor person is able to gamble with small amounts and when he loses them he panics and starts gambling with loans due to which his confidence of winning in gambling is greatly reduced.  And since the rich person has enough financial backup, even if they gamble first, they don't panic and continue to gamble calmly, so they can recover their previous gamble and profit.  This is why a rich person wins more gambling than a poor person
Because rich people have no ambition to win, they use their money to gamble and aim to have fun. If they happen to win their bet, they will use it again to gamble until the money they bet runs out. I think rich people are more likely to have fun than make a profit because they already have it. having a business that is more certain to provide profits, while their goal in gambling is only to find pleasure in gathering with other rich friends to carry out gambling activities together and what is certain is that rich people have special money that is intended for gambling and for other needs, they also have special finances.

In contrast to poor people whose goal is to make a profit, the more ambitious they are to win, the further we will be from luck. Sometimes luck comes at uncertain times and in the end poor people lose more money because they always losess.

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December 14, 2023, 11:21:56 AM
 #293

Because rich people have no ambition to win, they use their money to gamble and aim to have fun. If they happen to win their bet, they will use it again to gamble until the money they bet runs out. I think rich people are more likely to have fun than make a profit because they already have it. having a business that is more certain to provide profits, while their goal in gambling is only to find pleasure in gathering with other rich friends to carry out gambling activities together and what is certain is that rich people have special money that is intended for gambling and for other needs, they also have special finances.

In contrast to poor people whose goal is to make a profit, the more ambitious they are to win, the further we will be from luck. Sometimes luck comes at uncertain times and in the end poor people lose more money because they always losess.

I have never seen a rich person that does not wants to get even more rich. I have never seen a rich person being careless with money (if not only he is hesitating to buy still water that cost 50 cents or several dollars). If they dont have ambition to win or be a winner in this life, then I dont know how they became rich. But, I can agree that rich people gamble for fun more frequent than poor person simply gambles. Maybe from their frequent gambling the fact that they win more was raised.

R


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December 14, 2023, 11:26:14 AM
 #294

I started playing with a cool head and managed to earn some money.
What happened here is that not because you give a rest but you noticed you weren't that knowledgeable enough so you needed to for more skills to enable you win But here, do you know that when most of the poor are gambling they gamble with all desperacy with the mindset to make something very special, especially when it comes of game select for those that are more conversance with sports betting they will pick multiple games upto 10 above but what I senses from the Rich is that they only gambling with 1.2 odds and stake higher.
The rich don't mind staking with $10k for game with only 1.5 odds or 2 odds this gives them the higher probability of winning that is why we often noticed that the Rich keeps winning in every angle they finds themselves why the poor would want to attach greed to it, this can't be possible to achieved.
As for me, I bet quite rarely and only on my favorite matches, so it turns out that I have fun and do it in doses to control the number of bets and not make too many of them. I also have a condition under which I place a bet: the odds are higher than 2 or 3.

I have come to this situation for myself over several years and this is a great solution for me. As a result, I get everything: the pleasure that the process of choosing (analyzing) a bet gives me and not often watching the matches of my favorite teams, large odds and the rarity of bets so that in total I feel great. I don’t think I can come up with anything better for myself; the rich have their own betting conditions. The poor have nothing but primary feelings, so until they develop a clear strategy and why they bet, they will always remain poor.
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December 14, 2023, 02:59:53 PM
 #295

I started playing with a cool head and managed to earn some money.
What happened here is that not because you give a rest but you noticed you weren't that knowledgeable enough so you needed to for more skills to enable you win But here, do you know that when most of the poor are gambling they gamble with all desperacy with the mindset to make something very special, especially when it comes of game select for those that are more conversance with sports betting they will pick multiple games upto 10 above but what I senses from the Rich is that they only gambling with 1.2 odds and stake higher.
The rich don't mind staking with $10k for game with only 1.5 odds or 2 odds this gives them the higher probability of winning that is why we often noticed that the Rich keeps winning in every angle they finds themselves why the poor would want to attach greed to it, this can't be possible to achieved.
As for me, I bet quite rarely and only on my favorite matches, so it turns out that I have fun and do it in doses to control the number of bets and not make too many of them. I also have a condition under which I place a bet: the odds are higher than 2 or 3.

I have come to this situation for myself over several years and this is a great solution for me. As a result, I get everything: the pleasure that the process of choosing (analyzing) a bet gives me and not often watching the matches of my favorite teams, large odds and the rarity of bets so that in total I feel great. I don’t think I can come up with anything better for myself; the rich have their own betting conditions. The poor have nothing but primary feelings, so until they develop a clear strategy and why they bet, they will always remain poor.

Buy most at times there some poor who gambles and becomes successful I have seen and witnessed a gambler who gamble and made something good not that his own turned to gambling addiction but has strategically develop himself to know how to gamble and today he is living large and driving whatever expensive cars he wishes, people do consults him to asked about how he became successful and what he said is that he didn't know what's behind his successful through gambling.


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December 14, 2023, 03:07:14 PM
 #296


I am not rich but I do win from time to time and I have a poor friend who I consider so lucky because he won many times in horse racing so now he is not poor nor rich but he is proof that rich or poor your chances are all the same, no category in life has a monopoly when it comes to gambling.

The only reason it seems the rich has more chances of winning is because of the difference in their bankroll, the rich has a bigger bankroll so when they win, they win way bigger than the poor but regardless that, the chances are and odds are just the same with the rich as it is with the poor.
I also know of a rich friend of mine who's a gambler, he called me up one morning and told me he was gonna quite gambling for a while because he's been loosing quite a lot in gambling lol. So even the rich are experiencing the same losses and winnings as much as the poor are experiencing it, the difference is just in the bankroll.

Sometimes I even think the rich loses more because since they have a huge bankroll, their losses also comes in massive amounts and they tend to loose much more money than the poor who has a small bankroll.

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December 14, 2023, 03:12:17 PM
 #297

It is little bit hard to say exactly why this happens but there can a few reasons.
One reason I think maybe that rich people are better in managing their money. They may be more careful with how much they bet and know when to stop. This can help them to be more successful at gambling.
One more reason can be that rich people don't rely on gambling to survive. They have enough money to meet their need so they see gambling as a fun activity. This also help them to make smarter decisions when they bet.

There's nothing to believe in about the rich people winning, this is a gambling challenge, let the people who are not rich also take up the challenge for making it to the top of highest winners, sometimes we do belittle ourselves and assume failure already even when we have not yet failed in every attempts on what we are doing, gambling has equal rights on everyone, we determine what we want and go for it.

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December 14, 2023, 04:13:04 PM
 #298

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.
A rich person takes high amounts to gamble and if they win they can come back with even higher amounts.  But a poor person is able to gamble with small amounts and when he loses them he panics and starts gambling with loans due to which his confidence of winning in gambling is greatly reduced.  And since the rich person has enough financial backup, even if they gamble first, they don't panic and continue to gamble calmly, so they can recover their previous gamble and profit.  This is why a rich person wins more gambling than a poor person
Because rich people have no ambition to win, they use their money to gamble and aim to have fun. If they happen to win their bet, they will use it again to gamble until the money they bet runs out. I think rich people are more likely to have fun than make a profit because they already have it. having a business that is more certain to provide profits, while their goal in gambling is only to find pleasure in gathering with other rich friends to carry out gambling activities together and what is certain is that rich people have special money that is intended for gambling and for other needs, they also have special finances.

In contrast to poor people whose goal is to make a profit, the more ambitious they are to win, the further we will be from luck. Sometimes luck comes at uncertain times and in the end poor people lose more money because they always losess.
Cant you imagine rich folks gambling leisurely? They appear more interested in fun and companionship than profit. Their gambling may be like golfing or painting without the money burden.

Hypothesis: the wealthy use gambling as a social playground to challenge and entertain each other. Not the money, but the game and connection are captivating. The poor regard gambling as a way out of financial trouble, which increases their desire to win. This may explain why rich individuals like gambling more - its a hobby, not a desperate search for fortune. Participation is more important than winning!

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December 14, 2023, 05:03:49 PM
 #299

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.

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.
Just as in their different statuses, the difference between the rich and poor whether in gambling, in society, in popularity, in trading, and in anything you can relate to them is money, nothing else. Both the rich and poor are humans, but their statuses differentiate them, not that the rich are a kind of superbeing in their dealings. Even in some cases, the poor are better than the rich, but the clause of money will always be a barrier for the poor. Frankly, I must say I like the way you related things together, every one of them bleeds from their losses, and the rich can even bleed more in gambling because they might because of that richness cough out more money for the house while the poor cough a little. But the difference is that the rich might still have enough money to fall back on while the poor might not have so much and will continue to try to manage themselves so that they will not go beyond what they are capable of. Regardless, I conclude that we should let the two classes continue to gamble and manage their portfolio as long as it could take them. I rate them the same in gambling, and that's how it is supposed to be.

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December 14, 2023, 09:01:29 PM
 #300

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.

That's not true at all.  Richer people have a higher propensity to gamble more because they have more money to lose so naturally the optics would look like they win more.  I would say it's just because they gamble more.  That and the amount is probably much higher per bet which skews the optics as well.  Your financial position doesn't dictate if you would win or lose more.

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