Why the rich win gambling more than the poor.

[AmoreJaz]

Well, seems to me the answer here's pretty darn obvious.  The so-called "high rollers" almost always come out on top more thanks to their wallets bein' so much fatter.  I mean when you got all those extra zeros in your bank account, you can toss down some preeetty sizable bets without breakin' much of a sweat and  lets you take more risks too knowin you got that cushy cash pillow to fall back on if luck turns sour.  

And frankly, if money's already so tight just makin' ends meet prob'ly aint the brightest idea to be throwin' what little extra you got at games stacked in the houses' favor.  It's about making your money work for you, not the house.

that's the advantage of high rollers. they don't worry about the money that they are throwing for their bets. so they can easily place a higher amount of bet if they really have that notion of winning. and this route is so difficult to follow by just ordinary bettors. one or two bets, they can easily get rekt. in short, these rich gamblers can continue betting if they want to. small time bettors should not imitate these high rollers because they are subjecting themselves to financial trouble.

[1714582347]

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[1714582347]

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[nullama]

~snip~
that's the advantage of high rollers. they don't worry about the money that they are throwing for their bets. so they can easily place a higher amount of bet if they really have that notion of winning. and this route is so difficult to follow by just ordinary bettors. one or two bets, they can easily get rekt. in short, these rich gamblers can continue betting if they want to. small time bettors should not imitate these high rollers because they are subjecting themselves to financial trouble.

Most games would have a maximum bet, so even the richest person cannot go past that.

Also, it only takes one bad game and the entire money is out.

The games in casinos have the odds favorable to them, so in the end casinos will always win, no matter how big or small the bets are.

[Hispo]

Not sure, but if I had to guess I would say it has something to do with the liquidity those people have in comparison to someone who does not have much money.
The more money one has it means the wager is bigger and the session will also last longer.

A person who cannot spend much on gambling will try to get modest multipliers in order to extend their session as much as possible, even if they have luck those multipliers won't translate into a significant amount to for them.
On the other hand, a person who had much more to gamble will go for higher multipliers and it may only take them to have good luck in one of two sessions for them to recover their money and get significant wins in the process.

[goldkingcoiner]

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.

It is mathematically impossible for them to win more at the same odds as everyone else.

But perhaps you mean to say that rich gamblers win more? Because I would of course totally agree with you if thats the case. But then again they also lose more than the average joe gambler. So its better to look at things from the perspective of a win/loss ratio. And I think you will find that the ratio does not change and remains around more  or less the same for both rich and poor gamblers.

The rich guy wins and loses just as often as the average Joe. He just plays with higher numbers.

[ethereumhunter]

Those who have large amount of money will bet again and again until they win huge sum of money at once whereas poor people have little amount of money so when they bet for one or two times then they loss all the amount and now there is no chance with them to use their money into gambling in order to win next bet. Wealthy people do not take loan for the purpose of gambling so when they win their bet then they can use all that amount for further use in gambling but poor people always prefer to take loan and when they win then they have to return that amount to owner therefore poor people have the ability to use more money to win more while chances with poor man are lower as they don't have enough amount of money.

That's very true because those who have big money can bet repeatedly and have a chance to win more than people who don't have big money. Those who don't have big money have to try to win, but unfortunately, before they can win, they will experience loss, which can cause all their money to run out. But that doesn't happen to people who have big money because they can keep betting with small bets until they can get the winnings they want. But they have more chances of experiencing gambling addiction because betting too long can increase their emotions and also the desire to win will increase. If they cannot control themselves, they will repeat it at a later time and this is what can cause them to become addicted to gambling.

[len01]

That's very true because those who have big money can bet repeatedly and have a chance to win more than people who don't have big money. Those who don't have big money have to try to win, but unfortunately, before they can win, they will experience loss, which can cause all their money to run out. But that doesn't happen to people who have big money because they can keep betting with small bets until they can get the winnings they want. But they have more chances of experiencing gambling addiction because betting too long can increase their emotions and also the desire to win will increase. If they cannot control themselves, they will repeat it at a later time and this is what can cause them to become addicted to gambling.

lets have a factual discussion and let temporarily ignore that rich people are better able to continue betting to get a chance of winning, whereas the longer you persist in gambling, the more you lose because the house edge always wins.

lets take an example of you and me, for example you have $1m, I only have a budget of $100 and when you bet $1000 you get a win of $2000, you think its a small amount but for a small gambler like me its a big win.

In conclusion, this is only about the financial condition of each gambler, which is different, so we cannot assume that rich gamblers have the opportunity to always win, whereas gambling is only about how good our luck is so get rid of thoughts about rich gamblers winning more often even small gamblers can also get big wins.

[avp2306]

Those who have large amount of money will bet again and again until they win huge sum of money at once whereas poor people have little amount of money so when they bet for one or two times then they loss all the amount and now there is no chance with them to use their money into gambling in order to win next bet. Wealthy people do not take loan for the purpose of gambling so when they win their bet then they can use all that amount for further use in gambling but poor people always prefer to take loan and when they win then they have to return that amount to owner therefore poor people have the ability to use more money to win more while chances with poor man are lower as they don't have enough amount of money.

That's very true because those who have big money can bet repeatedly and have a chance to win more than people who don't have big money. Those who don't have big money have to try to win, but unfortunately, before they can win, they will experience loss, which can cause all their money to run out. But that doesn't happen to people who have big money because they can keep betting with small bets until they can get the winnings they want. But they have more chances of experiencing gambling addiction because betting too long can increase their emotions and also the desire to win will increase. If they cannot control themselves, they will repeat it at a later time and this is what can cause them to become addicted to gambling.

It maybe true but actually we don't know the real static about it since provably those rich people doesn't show their own stats. Maybe they are just showing the win result and not their losses since they don't want to be on situation where many people ashamed them because of their big losses. But most of the time the reason why they acquired that its because they are the one capable to spend more and maybe they can shift the negative result into positive while deciding to bet for more long hours.

They maybe prone to experience this what we called addiction if they are newbie but if they are experience gambler for sure no something like that gonna happen since this people will just erase those negative thinking and continue to gamble.

[Ever-young]

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 answer is, they deploy the pattern of "Less risk more staking Power" a rich man can pick out less risky games and follow it up with high staking Power. For instance, in Sportsbettimg, they can pick out just one or two games that has huge chances of coming through then stake with a very huge amount. The same might be given to a poor gambler and he'd consider the odds very small and decides to add a few more games to further increase the odds and then stake with very little amount of money. So now tell me, who's likely to be on the winning side?
With the rich gambler's method and technique of gambling, he'd record more wins that losses which is quite the opposite for the poor gambler.

[piebeyb]

On the other hand, a person who had much more to gamble will go for higher multipliers and it may only take them to have good luck in one of two sessions for them to recover their money and get significant wins in the process.

Yes it's true because they are rich people have a lot of money for multipliers so they can recover their losses and win the game, but that's probably only part of what OP sees, not all rich people always win too, poor or rich makes no difference playing in a casino or gambling sites will all lose in the end and it is the casino that will win the game against its users.

I don't think it's necessary to see whether someone is rich or poor, even poor people often win, it's just that we never see it and it happens that rich people are often seen winning, usually they always want their game to be shown, for example an influencer or streamer, so it still all needs luck. to win and one thing you need to remember is don't be too busy taking care of other people's wins and other people's luck, just think about yourself playing and enjoying the game.

[Lanatsa]

Those who have large amount of money will bet again and again until they win huge sum of money at once whereas poor people have little amount of money so when they bet for one or two times then they loss all the amount and now there is no chance with them to use their money into gambling in order to win next bet. Wealthy people do not take loan for the purpose of gambling so when they win their bet then they can use all that amount for further use in gambling but poor people always prefer to take loan and when they win then they have to return that amount to owner therefore poor people have the ability to use more money to win more while chances with poor man are lower as they don't have enough amount of money.

That's very true because those who have big money can bet repeatedly and have a chance to win more than people who don't have big money. Those who don't have big money have to try to win, but unfortunately, before they can win, they will experience loss, which can cause all their money to run out. But that doesn't happen to people who have big money because they can keep betting with small bets until they can get the winnings they want. But they have more chances of experiencing gambling addiction because betting too long can increase their emotions and also the desire to win will increase. If they cannot control themselves, they will repeat it at a later time and this is what can cause them to become addicted to gambling.

Range wise or speaking about recovery wise, then having bigger money does have the chance on recovering whenever they are experiencing losses, unlike into those small time gamblers on which on the time that they would experiencing streaks then that would already be the end for them but for those who do have that sufficient fund then they could really be able to potentially recover if they are lucky enough but if not
then it would really be much more deeper and it is really that making that entire devastation into your finances. Surely means that it would be still giving out that kind of impact on which it is already that expected.

Agree on some points above that versatility and adjustments will really be that possible when you do have bigger bankroll and also it cant be denied that when you do see someone
who do make big base bets then you would already be assuming that they are rich and when big time hits then you do already conclude that they are in profits on which without
even knowing that neither they are still negative or breakeven or profitable. There's no way on knowing it out.

[goxcraft]

On the other hand, a person who had much more to gamble will go for higher multipliers and it may only take them to have good luck in one of two sessions for them to recover their money and get significant wins in the process.

Yes it's true because they are rich people have a lot of money for multipliers so they can recover their losses and win the game, but that's probably only part of what OP sees, not all rich people always win too, poor or rich makes no difference playing in a casino or gambling sites will all lose in the end and it is the casino that will win the game against its users.

I don't think it's necessary to see whether someone is rich or poor, even poor people often win, it's just that we never see it and it happens that rich people are often seen winning, usually they always want their game to be shown, for example an influencer or streamer, so it still all needs luck. to win and one thing you need to remember is don't be too busy taking care of other people's wins and other people's luck, just think about yourself playing and enjoying the game.

I think rich or poor doesn't matter. The only thing matter is that who has enough resources to overcome the losses. Obviously the riches. They can try different games, different strategy to minimize their looses. But when it comes to poor, they don't get enough chances. They are goes under and unable to play in just some games. That's the greatest advantage rich has, the ability to do multiple bets.

[noormcs5]

On the other hand, a person who had much more to gamble will go for higher multipliers and it may only take them to have good luck in one of two sessions for them to recover their money and get significant wins in the process.

Yes it's true because they are rich people have a lot of money for multipliers so they can recover their losses and win the game, but that's probably only part of what OP sees, not all rich people always win too, poor or rich makes no difference playing in a casino or gambling sites will all lose in the end and it is the casino that will win the game against its users.

I don't think it's necessary to see whether someone is rich or poor, even poor people often win, it's just that we never see it and it happens that rich people are often seen winning, usually they always want their game to be shown, for example an influencer or streamer, so it still all needs luck. to win and one thing you need to remember is don't be too busy taking care of other people's wins and other people's luck, just think about yourself playing and enjoying the game.

I think rich or poor doesn't matter. The only thing matter is that who has enough resources to overcome the losses. Obviously the riches. They can try different games, different strategy to minimize their looses. But when it comes to poor, they don't get enough chances. They are goes under and unable to play in just some games. That's the greatest advantage rich has, the ability to do multiple bets.

Well while this is true that the rich people have more money and more resources to gamble and take more risk but this can sometimes be in the disadvantage too. For example a person who has a lot of money will keep on gambling more and more and therefore if he start to lose his loss will be huge as compared to a person who just have limited amount to spend in gambling and he can only lose that limited amount.

However still it is more advantageous and convenient to be a rich gambler then to be a poor gambler. If a gambler knows that he has to put only limited amount in the gambling, the rich gambler always will be at the peace of mind.

[danherbias07]

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.

It is mathematically impossible for them to win more at the same odds as everyone else.

But perhaps you mean to say that rich gamblers win more? Because I would of course totally agree with you if thats the case. But then again they also lose more than the average joe gambler. So its better to look at things from the perspective of a win/loss ratio. And I think you will find that the ratio does not change and remains around more  or less the same for both rich and poor gamblers.

The rich guy wins and loses just as often as the average Joe. He just plays with higher numbers.

I do believe it's because of the deep wallet that's why every gambler thinks that the rich win more. But, let's face it they are also losing more if luck won't be on their side.
Same as low rollers, they have that unlucky streak that will happen a lot of times. The only perks that they will have is they can get more in rakeback and other bonuses like the monthly and weekly bonuses that are mostly given for most of the gambling sites in the industry, especially in this forum.
Stake.com has both features and there are some changes made which will make more money for those who can wage higher. So these rich people that we are talking about now will have better profits, but that's if they will be wise on where they will put their bets.
When it comes to wagering, I think Plinko has the best chance to increase that amount.

[swogerino]

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 is easy to come as a conclusion and it is pretty simple,you say it yourself,meaning that people who don't meet end needs usually gamble very little money compared to those financially comfortable who have more money can play longer and we all know the unwritten rule for gambling,the longer you play the longer your chances of winning it big.

Based on this I am not surprised at all by this statement which is totally correct,the rich can win more than the poor for that simple fact that they can play longer than the poor,as easy as that,there it has nothing to do with luck at all,simple statistical and probability favoring those who can play more.

[alastantiger]

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.

Your assertion could be just a small isolated cases. There is no data that shows that the rich win more at gambling than the poor. Casinos or sportsbook do not discriminate. By the way, how can they if a rich person from a poor person. Maybe you may say that your observation is from the internet, The next question that I would ask you is, have you seen 100 rich persons who have won at gambling on the internet. If you had brought some evidence to support your claim them we would have a way to kick start the conversation. Nothing here other than arm chair philosophizing.

[Accardo]

Not sure, but if I had to guess I would say it has something to do with the liquidity those people have in comparison to someone who does not have much money.
The more money one has it means the wager is bigger and the session will also last longer.

A person who cannot spend much on gambling will try to get modest multipliers in order to extend their session as much as possible, even if they have luck those multipliers won't translate into a significant amount to for them.
On the other hand, a person who had much more to gamble will go for higher multipliers and it may only take them to have good luck in one of two sessions for them to recover their money and get significant wins in the process.

I've noticed this, and they have higher chances of winning big in sport betting. Take for instance, celebrities who wager about $1million in a single game to double their earning. That's really a fast method to win close to another 1 million dollars, just in a single game. But those with little funds, can't achieve it, without staking on 100 games. Even in slot games the bigger the wager the better the chances of winning a huge amount in return. However, the rich gambler still have to be smart and skillful, in regards to gambling. Not all of them would be wise enough to make meaningful predictions, thereby risking their money. Gambling is still risky for both parties if they don't follow specific strategies that works. If the gambler with lesser amount of money, works according to his budget, he'll still win good amount of money, but won't be as big as the high rollers returns. Yet in OP's question, it'll be hard to determine who wins more in a roll. Aside in amount of money. I mean individually wins per bet, the low roller can be seeing more wins, just that it won't be huge amount.

[beerlover]

Those who have large amount of money will bet again and again until they win huge sum of money at once whereas poor people have little amount of money so when they bet for one or two times then they loss all the amount and now there is no chance with them to use their money into gambling in order to win next bet. Wealthy people do not take loan for the purpose of gambling so when they win their bet then they can use all that amount for further use in gambling but poor people always prefer to take loan and when they win then they have to return that amount to owner therefore poor people have the ability to use more money to win more while chances with poor man are lower as they don't have enough amount of money.

That's very true because those who have big money can bet repeatedly and have a chance to win more than people who don't have big money. Those who don't have big money have to try to win, but unfortunately, before they can win, they will experience loss, which can cause all their money to run out. But that doesn't happen to people who have big money because they can keep betting with small bets until they can get the winnings they want. But they have more chances of experiencing gambling addiction because betting too long can increase their emotions and also the desire to win will increase. If they cannot control themselves, they will repeat it at a later time and this is what can cause them to become addicted to gambling.

That is true, I agree with that as well. When you have a lot more money than someone else, you have a lot more chances to chase the loss as well. I understand that it may not look like there isn't one but I think it's obvious that they could do a lot better. I know that we can't really make it change up all that much, and we need to figure out how we could end up with something that will benefit the situation. Think about it, if you have a lol more money then it also means that you have a lot more to lose.

This isn't some "poor persons wish type of thing, I just believe that if you gamble with 100 bucks because you are poor, that means 100 bucks is all you can lose, but if you are rich, then you can gamble with 1 million, and lose all of that.

[nullama]

~snip~
That is true, I agree with that as well. When you have a lot more money than someone else, you have a lot more chances to chase the loss as well. I understand that it may not look like there isn't one but I think it's obvious that they could do a lot better. I know that we can't really make it change up all that much, and we need to figure out how we could end up with something that will benefit the situation. Think about it, if you have a lol more money then it also means that you have a lot more to lose.

This isn't some "poor persons wish type of thing, I just believe that if you gamble with 100 bucks because you are poor, that means 100 bucks is all you can lose, but if you are rich, then you can gamble with 1 million, and lose all of that.

At the end of the day what matters is the odds in the game.

Whatever amount of money you gamble is not relevant to see if you end up winning or losing.

Actually, if you are rich you can end up losing more money.

In the end, the amount of money you have at the start can be seen simply as a multiplier.

If you assume your initial amount of money is 1, then you gamble for some time, the expected return of that number will be negative.

It doesn't matter if you have more or less, the end result is that you will most probably lose money. The amount will depend on how much you pay.

[dansus021]

I dont think so but it could be like that if we look at the real gambling site ex. los angeles. but this is gambling and it all depends on how much is money you are going to throw if we only throw couple of bucks the we win a little but if we throw a lot when win we also had a lot of money.

Just like trading I see some people make couple of thousand dollar by trading in just couple of hour  it simply because he had lot of money

[klidex]

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.

Because rich people don't hesitate to spend a certain amount of money to gamble and once win a large amount, but keep in mind that even though rich people win more capital, they spend more on gambling, not just once, they may have lost a lot of money, but they don't care about that and keep betting on amounts that they think are small but according to poor people it is a large amount and the winnings according to them are only small wins, and they use gambling not to make money but for entertainment if they win they will continue to gamble until the limit the money they spent is gone.

Poor people have limited finances because they have to divide their finances for daily needs and for playing, so poor people tend to place bets in small amounts because they avoid big losses, therefore the winnings are not too big, different from the winnings of rich people, so you can It can be concluded that big gambling wins depend on the financial expenditure they bet, if it is small then they get a small profit, if they are big the profit is also big.