Why the rich win gambling more than the poor.

[LUCKMCFLY]

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.

Statistically, the more you gamble, the higher the chances that you would experience your returns. Since the poor has a limited budget for their expenditure in gambling, then it is obvious that they only have a few chance for them to recover their losses.

Again, the more money that you have, the more chances that you would be able to gamble again your money. According to some sources, in a given day, a gambler has at least 30% of winning. While this may sound relatively low, this can be quite profitable if it is managed well. But the longer you gamble, the higher the chances of you losing as well.

In conclusion, players who have more resources have the privilege of gambling more compared to poor people who only have a limited budget. This gives the former more chances for them to recover their losses (this is assuming in an UNLIMITED budget).

Well, when we do a simple analysis, very focused on the most basic , we Know that a Person with a lot of money can eventually do whatever and whatever he wants, 'because the power of money is like that, some say that the Money does not bring happiness, but I would like to have all that money to see if it is true, because I know it is not true, then a Wealthy person could go to a casino and spend a lot of money, if he earns well, but if not, well, maybe It will be very good , which is very different for those who Really go to the casino for fun and to see if they are Lucky to win , that is what I see they can do, most of us in the casino do it and I think that We all seek the same thing, which is to win, but I think the opposite. In the long term, a lot of experience can be gained in a game, in the way of playing and making bets, but in the long term, in a game Session , we are going to lose by chance. simple house edge and that is something that will always remain.

I might think that things are like this when it comes to playing in a casino, very different are those bets that are made in sports, in sports betting things are usually Different , because what the Bettor Knows is used a lot and that helps a lot when choosing, for that reason I make certain purchases or analogies with trading, because this has much to do with what is Known and not with what should actually be done. Luckily, at the time of choosing do anything, we have to review the capabilities we have to be able to put money in, but as I say, a person who is not poor, let's say who has a middle class economic situation, cannot be Wasting money just like that , because Despite all the money you earn is by working and it is Sacred , because things earned with Effort hurt when money like that is lost, that is what should always be Avoided.

[Silberman]

This is true and I noticed this a lot of times already, as there are times that my bankroll is only limited, and I can not re-deposit anymore, so there is no way for me to possibly recover what I previously lost and may be end up earning something in the process.

For the rich peeps, money is not a problem to them, so they can do this most of the times. Even if they lose on their second deposit, they can just deposit again and again up until their luck comes back. I do believe that casinos can always win at the end or the longer we play because of the house edge but there are many instances that I can also win the longer the session I make.

In a way this is similar to what we see with the martingale strategy, if someone can only afford to double their bet 10 times and someone else can allow themselves to do it 20 times then it is clear the first gambler will bust their account way more quickly than the second gambler which has a much bigger bankroll, so even if someone is not applying that strategy the same logic follows, however as you mention given enough time the casino will also beat the gambler with the larger capital, as it is just a matter of time until they lose that many times in a row.

[Dewi Aries]

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.

Simply put, wealthy individuals have strong and stable financial resources, leading to a much more comfortable mindset. With the same amount of gambling, if the wealthy lose, it doesn't significantly impact their lives.

However, for the poor, it could become a burden for them and their families in the future. Gambling is a game of psychology, and if your mindset is not solid, the chances of winning are quite low. How can we make rational decisions when, if we lose, our families might go hungry or incur debt the next day? I experienced this when I invested in crypto with borrowed money.

My mind was always anxious about potentially losing that money. So, when I faced about a 20% loss, I hastily cut my losses, thinking it would continue to decline the next day. A few days later, that amount would have doubled if I hadn't sold early. I truly regretted it, and it became clear to me how much my mindset influenced my decisions at that time.

There is also a point, rich people tend to have more capital to gamble so they don't hesitate to bet without thinking about the defeat that will be obtained, because they have a lot of capital so they are more free to bet on gambling, the defeat they get may not be a big problem for them because they are confident in the capital they have that much.
And for the poor they tend to gamble to multiply money hoping to get a win in order to help their daily basic needs, but they tend to be more careful, do not want to lose the money they bet on gambling because the anxiety with the money allows them to borrow money to gamble again because they are still "curious". and this is his fault, they can make their own lives because of their stupid actions.

[Onyeeze]

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.

Simply put, wealthy individuals have strong and stable financial resources, leading to a much more comfortable mindset. With the same amount of gambling, if the wealthy lose, it doesn't significantly impact their lives.

However, for the poor, it could become a burden for them and their families in the future. Gambling is a game of psychology, and if your mindset is not solid, the chances of winning are quite low. How can we make rational decisions when, if we lose, our families might go hungry or incur debt the next day? I experienced this when I invested in crypto with borrowed money.

My mind was always anxious about potentially losing that money. So, when I faced about a 20% loss, I hastily cut my losses, thinking it would continue to decline the next day. A few days later, that amount would have doubled if I hadn't sold early. I truly regretted it, and it became clear to me how much my mindset influenced my decisions at that time.

There is also a point, rich people tend to have more capital to gamble so they don't hesitate to bet without thinking about the defeat that will be obtained, because they have a lot of capital so they are more free to bet on gambling, the defeat they get may not be a big problem for them because they are confident in the capital they have that much.
And for the poor they tend to gamble to multiply money hoping to get a win in order to help their daily basic needs, but they tend to be more careful, do not want to lose the money they bet on gambling because the anxiety with the money allows them to borrow money to gamble again because they are still "curious". and this is his fault, they can make their own lives because of their stupid actions.

The only difference between a poor man gambling and a rich person gambling is totally difference from each other, their is something I want you to understand concerning gambling, because it's clear that the rich play gambles with confident why the poor play gamble without confidence, I believe that you have understand that the rich take more of risky than the poor and they gamble to catch fun why the poor gamble to get rich and be comfortable at home, you don't need to gamble and have in mind that in one way to other you depends in gambling to the end.

[Fortify]

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.

There may be some subtle effects going on that are not being seen. The chances are that someone who has become "rich" as you put it, has better financial control and has learned to evaluate risks better as they have acquired that wealth. This can make them more likely to pick winners, or perhaps make them less likely to overstretch when it comes to gambling, as they might be more content with winning 1.5x their money rather than trying to triple or more. Desperation can be very damaging and lead to fuzzy thinking when you have a little money that you're trying to multiply. However the psychology of gambling is complicated and the amount of risk someone will take very dependent on the individuals experience.

[irhact]

The only difference between a poor man gambling and a rich person gambling is totally difference from each other, their is something I want you to understand concerning gambling, because it's clear that the rich play gambles with confident why the poor play gamble without confidence, I believe that you have understand that the rich take more of risky than the poor and they gamble to catch fun why the poor gamble to get rich and be comfortable at home, you don't need to gamble and have in mind that in one way to other you depends in gambling to the end.

The poor man mindset is to make money by all means, they're so desperate to make money that they overthink when betting and it makes them not to make the right decisions. Thinking and knowledge isn't something that's useful when gambling as gambling success depends on luck mostly. The poor individuals don't have enough capital to use in gambling so they spend time overthinking  every bet instead of just depending on their instinct.

The rich individuals gamble without thinking about what he's do when he doesn't win because he has many reserve money that he can use to take of other things. He's very confident when he's betting but the poor man is betting under pressure which makes it difficult for him to win. The mindset between the rich and the poor gamblers are different and that's what differentiate between both gamblers, think like the rich when you gamble not like the poor.

[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.

Simply put, wealthy individuals have strong and stable financial resources, leading to a much more comfortable mindset. With the same amount of gambling, if the wealthy lose, it doesn't significantly impact their lives.

However, for the poor, it could become a burden for them and their families in the future. Gambling is a game of psychology, and if your mindset is not solid, the chances of winning are quite low. How can we make rational decisions when, if we lose, our families might go hungry or incur debt the next day? I experienced this when I invested in crypto with borrowed money.

My mind was always anxious about potentially losing that money. So, when I faced about a 20% loss, I hastily cut my losses, thinking it would continue to decline the next day. A few days later, that amount would have doubled if I hadn't sold early. I truly regretted it, and it became clear to me how much my mindset influenced my decisions at that time.

There is also a point, rich people tend to have more capital to gamble so they don't hesitate to bet without thinking about the defeat that will be obtained, because they have a lot of capital so they are more free to bet on gambling, the defeat they get may not be a big problem for them because they are confident in the capital they have that much.
And for the poor they tend to gamble to multiply money hoping to get a win in order to help their daily basic needs, but they tend to be more careful, do not want to lose the money they bet on gambling because the anxiety with the money allows them to borrow money to gamble again because they are still "curious". and this is his fault, they can make their own lives because of their stupid actions.

For rich people, gambling is just a fun activity that shows how well off they are financially. For poor people, though, its a last-ditch effort to hold on to a fleeting dream that often leads to a sad trap. What makes them bet when the odds are so bad? There is more to it than just "curiosity." There is hope, despair, and societal forces at play. We have to ask: Does the system take advantage of their weakness? They arent just "stupid"; they are caught in a bigger, sneakier loop. How do we get out of this? Get educated? Regulation? Thats a tough problem that needs both empathy and real answers.

[tygeade]

Rich people have freedom when gambling, the large capital in their pockets makes them calmer when betting. Rich people can also play longer, of course because of the money they have. Luck in gambling sometimes takes longer to come, the longer they gamble the greater the chance of winning. Imo
Meanwhile, poor people are under pressure, they will play carefully, due to limited money. They might miss the opportunity to win big due to placing a small bet. It's not that poor people never win at gambling, the result of playing at small bets makes it seem like they never get big wins.

That is true because the luck factor cannot be predicted when it will come. With that larger capital, a rich gambler can gamble longer than an ordinary gambler, and maybe in the 100th round, the rich gambler will manage to win a big win that can get a big multiplier. This will turn the situation around where rich gamblers can get back their lost money and can also get their big winnings. Meanwhile, ordinary gamblers won't be able to have such an opportunity because they don't have much money and hope that their luck will come sooner than they think so that they don't have to lose more money because otherwise, they could spend all their money without being able to win. But there are ordinary gamblers who can win big with enough bets, and that's because they get lucky at the right time.

I would say the opposite is possible as well. A rich gambler is rich, and they could win big and not care because they are already rich and keep gambling and lose it all, whereas a poor gambler could gamble and get lucky and win, and they could take that money out right away, withdraw it to their wallet and get out. In that situation the poor one did the smart thing not because they were just smart but because they were poor, if they were rich and had millions then they may have continued too, but because they were poor they wanted the money instead.

I have seen plenty of people like that rich one, guys who wagered 100k, lost it all, and then won 100 k back and lost it again. This is why it is not all that easy to handle this, and people should be careful about what they do, they should not be really caring about it and need to do better in the end. I hope that people could do it, and be fine about it so that they could continue to make some return while not caring about how much they have, just get out when you win big, no matter how poor or rich you are.

[Rabata]

The only difference between a poor man gambling and a rich person gambling is totally difference from each other, their is something I want you to understand concerning gambling, because it's clear that the rich play gambles with confident why the poor play gamble without confidence, I believe that you have understand that the rich take more of risky than the poor and they gamble to catch fun why the poor gamble to get rich and be comfortable at home, you don't need to gamble and have in mind that in one way to other you depends in gambling to the end.

The poor man mindset is to make money by all means, they're so desperate to make money that they overthink when betting and it makes them not to make the right decisions. Thinking and knowledge isn't something that's useful when gambling as gambling success depends on luck mostly. The poor individuals don't have enough capital to use in gambling so they spend time overthinking  every bet instead of just depending on their instinct.

The rich individuals gamble without thinking about what he's do when he doesn't win because he has many reserve money that he can use to take of other things. He's very confident when he's betting but the poor man is betting under pressure which makes it difficult for him to win. The mindset between the rich and the poor gamblers are different and that's what differentiate between both gamblers, think like the rich when you gamble not like the poor.

A poor gambler is afraid to take risks. He overthinks in his gambling as you said their overthinking prevents them from making sound decisions. They take rather wrong decisions to ensure their victory. On the other hand, a rich man who has no regrets about losing money can continue his bets. As a result, he does not get the opportunity to recover his lost losses easily but it is not easy for those who are poor to recover. Considering the mentioned point we can say that those who are financially independent will be ahead in gambling. However, the situation is not the same for everyone. Many poor gamblers have also found quick financial success through gambling.

[Ever-young]

Because of the difference on bankroll. Rich people have a huge bankroll that gives them freedom to increase bet or play more until they win huge amount while poor has only limited bankroll which they will stop immediately once they lose enough.

That's a valid point, the size of your bankroll has a huge part to play in contributing to he success of a gambler but on the other hand has its disadvantages too. Having a high bankroll also means you have more risk to manage, alongside having a huge and high bankroll you'll also need to have a good funds and risk management skill, else you'll loose more than you could've ever imagined.

[2Pizza410000BTC]

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 was not easy to understand what the rich and the poor have to do with winning gambling bets. As far as I know winning or losing in gambling depends a lot on luck. But it is true that those who have money can be mentally strong even if they lose the bet but it becomes different for the poor especially if they lose the bet they have no other option but to break down mentally. That's how the rich and the poor have something in common with winning and losing gambling bets.

[nullama]

~snip~
It was not easy to understand what the rich and the poor have to do with winning gambling bets. As far as I know winning or losing in gambling depends a lot on luck. But it is true that those who have money can be mentally strong even if they lose the bet but it becomes different for the poor especially if they lose the bet they have no other option but to break down mentally. That's how the rich and the poor have something in common with winning and losing gambling bets.

At the end of the day the rich and the poor both have the same odds when playing in the casino.

The rich actually have more to lose, in absolute terms.

But in general it is the poor who have the more to win. There's no need for the rich to play because they already are rich.

[Oilacris]

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 was not easy to understand what the rich and the poor have to do with winning gambling bets. As far as I know winning or losing in gambling depends a lot on luck. But it is true that those who have money can be mentally strong even if they lose the bet but it becomes different for the poor especially if they lose the bet they have no other option but to break down mentally. That's how the rich and the poor have something in common with winning and losing gambling bets.

There would really be no exemption whether you are rich or poor, when it comes odds or chance then it would really be just the same and this is something that people should really be that realizing
in the first place. This is why it would be important that you should really aware on how gambling works, just like the rest been saying that when it comes to versatility then rich people would really be having that kind of possible extension of their strategies on which they could have the chance on recovering but at the same time the risks is really that much higher since it is really needing that spending even more. This is why it is really that important that you should be wary about on the actions you are making. It all matters with risks taking whether you are rich or poor.

[len01]

Because of the difference on bankroll. Rich people have a huge bankroll that gives them freedom to increase bet or play more until they win huge amount while poor has only limited bankroll which they will stop immediately once they lose enough.

That's a valid point, the size of your bankroll has a huge part to play in contributing to he success of a gambler but on the other hand has its disadvantages too. Having a high bankroll also means you have more risk to manage, alongside having a huge and high bankroll you'll also need to have a good funds and risk management skill, else you'll loose more than you could've ever imagined.

something that is excessive or big is usually riskier, not just the money you have, even in gambling there is the same risk when a slot game has high volatility with a maxwin above 20,000x usually there is a big risk of losing large amounts of money to chase the maxwin while slot games with medium volatility have a maxwin of 5000x, it will be a little easier to get it and another example in sports betting is by choosing to bet on a parlay bet with total odds @1000, the risk is very big because you have to win all the matches you choose, whereas in sports there are always surprises and compared to smaller single bets, choosing to bet on 1 match with odds @1.5 will be easier to win.

example above that I mentioned answers your concerns about rich people who have a lot of money also having big risks just like these bets and actually winning cannot be measured by how much money you have but how lucky you are today.

[bakasabo]

~snip~
It was not easy to understand what the rich and the poor have to do with winning gambling bets. As far as I know winning or losing in gambling depends a lot on luck. But it is true that those who have money can be mentally strong even if they lose the bet but it becomes different for the poor especially if they lose the bet they have no other option but to break down mentally. That's how the rich and the poor have something in common with winning and losing gambling bets.

At the end of the day the rich and the poor both have the same odds when playing in the casino.

The rich actually have more to lose, in absolute terms.

But in general it is the poor who have the more to win. There's no need for the rich to play because they already are rich.

That is right. We can look on differently on «rich wins more than poor». Rich wins more, but he bets more and looses more, while poor bets less and looses less, while the all have same odds. But maybe rich have slightly better odds due to his betting history and account status on a casinos (VIPs I think have a bit better bets).

What I like about casinos, that they allow gambler with any income to gamble. Rich or poor, does not matter. Both have their piece of fun, addiction, excitement.

Also good point would be, while gambling, rich can become poor, and poor can become rich. Poor has less to lose than rich, so I dont know who will be in better position by the end of the day.

[Dewi Aries]

There is also a point, rich people tend to have more capital to gamble so they don't hesitate to bet without thinking about the defeat that will be obtained, because they have a lot of capital so they are more free to bet on gambling, the defeat they get may not be a big problem for them because they are confident in the capital they have that much.
And for the poor they tend to gamble to multiply money hoping to get a win in order to help their daily basic needs, but they tend to be more careful, do not want to lose the money they bet on gambling because the anxiety with the money allows them to borrow money to gamble again because they are still "curious". and this is his fault, they can make their own lives because of their stupid actions.

The only difference between a poor man gambling and a rich person gambling is totally difference from each other, their is something I want you to understand concerning gambling, because it's clear that the rich play gambles with confident why the poor play gamble without confidence, I believe that you have understand that the rich take more of risky than the poor and they gamble to catch fun why the poor gamble to get rich and be comfortable at home, you don't need to gamble and have in mind that in one way to other you depends in gambling to the end.

For poor people who gamble, in my opinion, they should not force themselves to gamble, because it clearly will not help their poor or mediocre situation, because gambling tends to only result in defeat even though there is a chance to win but I think it's best not to get excited because gambling also has a strong attraction for people who play it regardless of who is playing.
Also if they depend on gambling in my opinion it will only make it difficult for them in the future, gambling cannot solve all their economic problems even this will make it more difficult for them because they may be addicted to gambling.

There is also a point, rich people tend to have more capital to gamble so they don't hesitate to bet without thinking about the defeat that will be obtained, because they have a lot of capital so they are more free to bet on gambling, the defeat they get may not be a big problem for them because they are confident in the capital they have that much.
And for the poor they tend to gamble to multiply money hoping to get a win in order to help their daily basic needs, but they tend to be more careful, do not want to lose the money they bet on gambling because the anxiety with the money allows them to borrow money to gamble again because they are still "curious". and this is his fault, they can make their own lives because of their stupid actions.

For rich people, gambling is just a fun activity that shows how well off they are financially. For poor people, though, its a last-ditch effort to hold on to a fleeting dream that often leads to a sad trap. What makes them bet when the odds are so bad? There is more to it than just "curiosity." There is hope, despair, and societal forces at play. We have to ask: Does the system take advantage of their weakness? They arent just "stupid"; they are caught in a bigger, sneakier loop. How do we get out of this? Get educated? Regulation? Thats a tough problem that needs both empathy and real answers.

You are right, rich people who gamble are only for the purpose of seeking pleasure no more than that, also rich people do not seem to hesitate by stepping, they do not hesitate with the money they put in gambling. It is likely that they already know the meaning of gambling where it is only a place to seek pleasure not a place to make money. Unlike the poor who may be nervous if their money has started to run low, they doubt and maybe they are not fully confident in what they are doing, maybe they are also worried about the money they have in gambling. It may be true that the system takes advantage of them,  because gambling also has a strong attraction to attract all people who gamble to become addicted, whether the answer is difficult or not, they must be able to realize that the money they have is not entirely for betting in gambling.

[Mame89]

It was not easy to understand what the rich and the poor have to do with winning gambling bets. As far as I know winning or losing in gambling depends a lot on luck. But it is true that those who have money can be mentally strong even if they lose the bet but it becomes different for the poor especially if they lose the bet they have no other option but to break down mentally. That's how the rich and the poor have something in common with winning and losing gambling bets.

Yes I also see the difference between rich and poor gamblers when it comes to gambling, the difference is only mental. When the rich gamble, they don't think about money so they don't hesitate when making decisions. This is different from the poor when they make decisions full of doubts so that in the end the decisions they take are also wrong. Gambling games sometimes require confidence that if you only lose, you will definitely lose, such as when playing slots and betting on football.

Yes, of course the most common thing is why the rich always win and the poor always lose because the mindset and goals of gambling are different between the two. The rich just want to have fun while the poor only want to earn income and even want to get rich quickly.

[davis196]

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.

Where did you come up with this info? Any link to the source of information? Where did you observe the performance of rich gamblers?
It seems kinda logical for the rich to be successful at gambling. If you have more money, the chances for you to hit a big win are higher.
By the way, the term "successful at gambling" shouldn't be taken seriously, because nobody is successful at gambling in the long run.
The casino always wins in the long run, so the casino owner is the only one, who is truly successful at gambling. I don't have a problem with this, because I gamble for fun.
By the way, if you are really poor(you don't have enough to meet all your needs) spending your money on gambling is the worst financial decision ever. Poor people should stay away from gambling.

[slapper]

Because of the difference on bankroll. Rich people have a huge bankroll that gives them freedom to increase bet or play more until they win huge amount while poor has only limited bankroll which they will stop immediately once they lose enough.

That's a valid point, the size of your bankroll has a huge part to play in contributing to he success of a gambler but on the other hand has its disadvantages too. Having a high bankroll also means you have more risk to manage, alongside having a huge and high bankroll you'll also need to have a good funds and risk management skill, else you'll loose more than you could've ever imagined.

something that is excessive or big is usually riskier, not just the money you have, even in gambling there is the same risk when a slot game has high volatility with a maxwin above 20,000x usually there is a big risk of losing large amounts of money to chase the maxwin while slot games with medium volatility have a maxwin of 5000x, it will be a little easier to get it and another example in sports betting is by choosing to bet on a parlay bet with total odds @1000, the risk is very big because you have to win all the matches you choose, whereas in sports there are always surprises and compared to smaller single bets, choosing to bet on 1 match with odds @1.5 will be easier to win.

example above that I mentioned answers your concerns about rich people who have a lot of money also having big risks just like these bets and actually winning cannot be measured by how much money you have but how lucky you are today.

Compared to financial management concerns, slot game volatility is oversimplified. Wealth management frequently includes diverse portfolios and risk mitigation methods, even when high-risk investments and bets can cause big losses. In gambling, the house always has an advantage. Wealth management decisions based on market data, trends, and economic indicators can benefit investors. Is comparing investment to gambling oversimplifying it? Assuming randomness determines performance in both fields is risky. Glück is important in gambling. Wealth management involves strategic planning, market cycles, and informed decisions. Wealthy people have resources, information, and counsel to make informed judgments. Aren't these differences crucial? Luck has a factor in success, but to compare wealth management to gambling appears to understate the complexity of financial planning.

[piebeyb]

Yes, of course the most common thing is why the rich always win and the poor always lose because the mindset and goals of gambling are different between the two. The rich just want to have fun while the poor only want to earn income and even want to get rich quickly.

This is a real fact and even I and other friends may often remind you of what you said, why it is important to use a healthy mindset, just like rich people who always think that gambling is just entertainment to have fun, so they Rich gamblers don't feel any pressure so they really enjoy the game and don't play beyond their limits, let alone lose money quickly.

This is different from the way most poor people think, they are obsessed with getting rich and end up betting recklessly and even irresponsibly until they end up bankrupt because of their obsession with wanting to get a lot of money and become rich from the gambling they play, actually this is just a matter of mindset, the rich and the poor both have the same lucky and unlucky days, that's the only thing that differentiates them.