Why the rich win gambling more than the poor.

[Accardo]

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.

Similarly, it increases their risk of losing lots of money in gambling. Wagering huge amounts of money reduces their wealth real quick and the win they get via gambling also goes back to gambling. Beyond betting the rich have better-paying jobs that yield them huge amounts of money. And they don't gamble for money anymore, most of them prefer gambling for the fun. But, I've heard of rich gamblers who went broke through gambling. Most especially those gamblers who got rich in gambling; the jackpot winners. A rich gambler who isn't careful with managing his wealth can make similar mistakes. Rich or poor, it's of great importance for a gambler to be careful about the way he spends his money, gambling. Reckless gambling knows no boundary and can affect anybody. On the contrary, like you said, their wins are always big, because of the high roll bank they've got. Which sounds or looks like the rich win more than the low rollers.

That doesn't mean that a low roller won't win big with little amounts. It depends on the odds he plays with his budget. So, if the rich gambler doesn't understand the right ethics of gambling and the strategies required to maintain his wealth. He'd regret gambling. Addiction could spoil his business productivity and leave him with only gambling activities. Although the rich and skilled gamblers always make big profits in gambling. For instance, by wagering a hundred thousand bucks on a single football team to win, the rich player has a better chance of winning the game and gaining more money. While the low roller would have to spend a few bucks on a few more games, reducing his chances of winning. In sports gambling, the richer players have better chances of either winning or losing big. But in slot games, it's very risky for any player who doesn't follow good gambling strategies.

[Hirose UK]

~snip~

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.

But what kind of rich person do you mean by this statement?
Because if the people we are talking about are rich people who are also investors or business people, they will use gambling more as place to have fun and don't really care about money, after all the way they gamble is also different.
But if it is only limited to rich people, like those in general who have a lot of money, then it is clear that they gamble not just for fun but to make profit and of course rich people like this are willing to spend more money and spend longer time to gamble.
It all depends on their personality and status as rich people behind the scenes.

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!

You are right but not all of them, I will answer the reason is the same as I said before there are two differences between rich people.
It just that people from lower middle class economy are still trying to make money easily and quickly, which is why responses about gambling will differ between their social status groups.
After all, not all rich people don't care about money, those rich people who aim to make money from betting will also have regrets if they lose big.
Just look out there, not all rich people are the same as you say.

[bitvalak]

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.

In fact, the determining factor for rich people to win more often is because they have larger capital and have good risk management.
It affects their mentality when gambling. Poor people will be passionate about continuing to win, they don't care about betting management.
Poor people gamble with the aim of making as much money as possible to meet their daily needs.
Rich people gamble for fun. This difference is what makes it seem easier for rich people to win.

[Jawhead999]

In fact, the determining factor for rich people to win more often is because they have larger capital and have good risk management.
It affects their mentality when gambling. Poor people will be passionate about continuing to win, they don't care about betting management.
Poor people gamble with the aim of making as much money as possible to meet their daily needs.
Rich people gamble for fun. This difference is what makes it seem easier for rich people to win.

How's exactly the risk management, play for fun and larger capital can lead to win more in gambling?

Money is only a number, someone can start to gamble as low as 1 Satoshi where it worth almost nothing. Play for fun is subjective, you can't judge someone whenever they play for fun or they play for money. Risk management only make you to not lose more money instead of making more money.

[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.

In fact, the determining factor for rich people to win more often is because they have larger capital and have good risk management.
It affects their mentality when gambling. Poor people will be passionate about continuing to win, they don't care about betting management.
Poor people gamble with the aim of making as much money as possible to meet their daily needs.
Rich people gamble for fun. This difference is what makes it seem easier for rich people to win.

Gambling Both the rich and the poor participate in gambling to earn money. While everyone takes gambling as a form of entertainment, the main goal is to make money. Although the poor participate in gambling to earn money, they gamble with a small amount of funds, whereas the rich when they participate in gambling, gamble with millions of dollars. Here poor people have less money so they participate in gambling with less money whereas rich people have more money and they participate in gambling with more money. The goal in this case is not the same as entertainment but entertainment and money as a means of earning money.

[irhact]

Don't get discouraged that the ones with more money are winning more than those said poor. These poor people aren't really poor, they know that they've got money but they probably just designate a portion of their money that's too small for them to don't stay for too long.

Correct also those individuals that are gambling with big money and also winning big amounts are those would lose the biggest amount too. They win big and they lose big but the poor man with his little money can only lose small amount of money as they win small amounts too. The poor gambler will have one lucky day and win big big. We have stories on fnthis happening and if we keep gambling with discipline, we might celebrate our own win too one day.

The rich are winning as they have a large amount of money to risk, the higher you risk the greater the rewards. If we want to win like the rich, you have to be less afraid of losing and begin to think like the rich and bet without fear but this shouldn't make us to gamble an amount that'll be too big for us that we commit suicide as some individuals do when they lose a big amount of money that puts them in debts that will take them many years to get out of.

[Rockstarguy]

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 not as if their is something special that makes the rich to win gambling, it is that the rich people spend more money in gambling , they play more, they win more and they lose more. People needs to be aware that gambling doesn't favour anyone more , it is a game of luck that winning more can be as a result of how many games are played and how many games were lose. Poor people only play gambling whenever money is available for them to play,  they don't play much as the rich people play that is why exceed them in winning,  and loosing. Gambling is the more you play more you lose and win.

[Docnaster]

I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.

I'm not sure where you observed that, in my experience it's completely random. Rich people can win big and can also lose huge amounts. Poor (relatively) people can also win big if they're lucky but they can't lose much as they don't have many funds to lose. If we follow this logic, it's even better to be poor. 

However, if you mean rich who became rich by gambling a lot successfully, then it's a different story. Then these are pro gamblers and I'm sure they will do better than 99% of gamblers.

Gambling is one game that can be won by either the rich or the poor and that's because of the fact that both rich and the poor can be lucky on their own days. There's a popular saying that gambling is a game of luck and anyone can be lucky but one thing we can shy away from is the fact that the rich is more likely to win in gambling than the poor because of their gambling strategies. For instance, if a rich man wants to gamble, he picks the biggest odds that gives him more winning probability and stakes a huge amount of money in them while when a poor man wants to gamble, he picks the smallest odds that offers him little winning probability and stakes on them while hoping for a miracle to happen for him to win.

Being successful in gambling is absolutely different from winning in gambling because for you to be successful in gambling, it'll take you a lot of winnings and that's why it's very rare to see people who say they became successful through gambling because getting more wins than losses in gambling is actually a very difficult task that needs more luck than strategy and experience to achieve.

[Ever-young]

Rich or poor, it's of great importance for a gambler to be careful about the way he spends his money, gambling. Reckless gambling knows no boundary and can affect anybody.

When it comes to gambling recklessly or gambling addiction, I believe in my opinion that the rich are in bigger danger and would be more affected by their addiction. Reasons because, if a poor man is addicted, considering his lower income flow, he has quite little to loose, let's assume he doesn't even have a job and then depends on gambling with every little money he gets, that way he has quite little to loose because he doesn't have a steady or good income flow while it's quite the opposite for the rich, we all know that for a man to be rich, it means he's got a steady and a good income flow and if he happens to become addicted then he has way too much to loose, as he tends to waste all his money on gambling and we know that this could amount to his ruin.

[Volimack]

What I think is that in gambling platform both rich and poor people have a chance to win here luck is needed as well as the rich have money. The rich can easily place large bets but the poor cannot succeed in life the poor have to experience the ups and downs. They are afraid to pour more money into the gambling platform. Compared to the rich they are much safer and do not lack money. The rich get a lot of money once they win a bet and understand the betting strategies.

[piebeyb]

The rich are winning as they have a large amount of money to risk, the higher you risk the greater the rewards. If we want to win like the rich, you have to be less afraid of losing and begin to think like the rich and bet without fear but this shouldn't make us to gamble an amount that'll be too big for us that we commit suicide as some individuals do when they lose a big amount of money that puts them in debts that will take them many years to get out of.

They don't bet without fear with bigger bets just because they are rich, usually they do it just to have fun with their money, so that's the average thinking of most rich gamblers who always prioritize pleasure over winning from their money, but people who Poor players always have fear so that when they lose they usually become poorer and go bankrupt because they use a poor mindset.

In fact, gambling is a game only for rich people as entertainment for them, but the average poor person plays gambling like trying their luck and making money in it. It is clear that gambling cannot be used as a source of income because it is not a game to make money but to find fun. even though if you want to make money, why not try to do business or work because it is better than gambling.

[Jody.Drummer]

In fact, the determining factor for rich people to win more often is because they have larger capital and have good risk management.
It affects their mentality when gambling. Poor people will be passionate about continuing to win, they don't care about betting management.
Poor people gamble with the aim of making as much money as possible to meet their daily needs.
Rich people gamble for fun. This difference is what makes it seem easier for rich people to win.

How's exactly the risk management, play for fun and larger capital can lead to win more in gambling?

Money is only a number, someone can start to gamble as low as 1 Satoshi where it worth almost nothing. Play for fun is subjective, you can't judge someone whenever they play for fun or they play for money. Risk management only make you to not lose more money instead of making more money.

There is no connection whatsoever in this matter, the idea that some people say that if they come with the intention of having fun with a large amount of capital then they will win, I honestly think that makes no sense at all. What is  meant by playing for fun is that it means that you don't lose too much especially in large amounts, because if you only bring the goal for fun then indirectly you will be able to leave if you have already had the fun you want in your gambling session, and that fun has absolutely nothing to do with you being able to get a big win.

In the event that you're not a fan of this, then you're not going to be able to make it happen, and you're not going to be able to make it happen. If indeed such a scenario would actually result in victory then I would have to demand real evidence that can be trusted, I don't think it exists or that means they won't be able to prove it because I am sure that such a  scenario will not always happen, it is not consistent and will only happen when you are lucky. The other thing is that of course it's true, risk management is nothing but useful to minimize the amount of losses of gamblers so that it is not too significant and not to make money, that's a fact.

[slapper]

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.

Similarly, it increases their risk of losing lots of money in gambling. Wagering huge amounts of money reduces their wealth real quick and the win they get via gambling also goes back to gambling. Beyond betting the rich have better-paying jobs that yield them huge amounts of money. And they don't gamble for money anymore, most of them prefer gambling for the fun. But, I've heard of rich gamblers who went broke through gambling. Most especially those gamblers who got rich in gambling; the jackpot winners. A rich gambler who isn't careful with managing his wealth can make similar mistakes. Rich or poor, it's of great importance for a gambler to be careful about the way he spends his money, gambling. Reckless gambling knows no boundary and can affect anybody. On the contrary, like you said, their wins are always big, because of the high roll bank they've got. Which sounds or looks like the rich win more than the low rollers.

That doesn't mean that a low roller won't win big with little amounts. It depends on the odds he plays with his budget. So, if the rich gambler doesn't understand the right ethics of gambling and the strategies required to maintain his wealth. He'd regret gambling. Addiction could spoil his business productivity and leave him with only gambling activities. Although the rich and skilled gamblers always make big profits in gambling. For instance, by wagering a hundred thousand bucks on a single football team to win, the rich player has a better chance of winning the game and gaining more money. While the low roller would have to spend a few bucks on a few more games, reducing his chances of winning. In sports gambling, the richer players have better chances of either winning or losing big. But in slot games, it's very risky for any player who doesn't follow good gambling strategies.

Gambling may look like fun for the rich, but there are big risks. Their big bets increase wins and losses. A double-edged sword. Remember that gambling's hazards are the same regardless of bankroll size. Wealth does not guarantee gambling immunity, a harmful myth. Jackpot winners risk relapsing into previous behaviors. Their narrative warns that even the wealthy can fall if they are irresponsible.

Alternatively, consider the low roller. Their small stakes don't prevent the excitement of winning or the pain of losing. Their modest wagers, typically perceived as restricting, help control risk. A secret wisdom for the rich gambler? Possible temperance and sustainable gambling guide. Understanding and respecting gambling is vital, regardless of income. Financial and emotional intelligence are needed to balance risk and reward and dance with chance. Gambling requires heart and mind cooperation.

[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.

I'm not sure where you observed that, in my experience it's completely random. Rich people can win big and can also lose huge amounts. Poor (relatively) people can also win big if they're lucky but they can't lose much as they don't have many funds to lose. If we follow this logic, it's even better to be poor. 

However, if you mean rich who became rich by gambling a lot successfully, then it's a different story. Then these are pro gamblers and I'm sure they will do better than 99% of gamblers.

Gambling is one game that can be won by either the rich or the poor and that's because of the fact that both rich and the poor can be lucky on their own days. There's a popular saying that gambling is a game of luck and anyone can be lucky but one thing we can shy away from is the fact that the rich is more likely to win in gambling than the poor because of their gambling strategies. For instance, if a rich man wants to gamble, he picks the biggest odds that gives him more winning probability and stakes a huge amount of money in them while when a poor man wants to gamble, he picks the smallest odds that offers him little winning probability and stakes on them while hoping for a miracle to happen for him to win.

Being successful in gambling is absolutely different from winning in gambling because for you to be successful in gambling, it'll take you a lot of winnings and that's why it's very rare to see people who say they became successful through gambling because getting more wins than losses in gambling is actually a very difficult task that needs more luck than strategy and experience to achieve.

Gambling is a fascinating combination of luck and technique where rich and poor gamble. Its interesting how the wealthy choose huge bets and big odds while the poor choose smaller, safer bets. More than money, this approach distinction is about mindset and risk tolerance. Example: John, a prosperous businessman. Playing large to win big is his gambling strategy. Mike, who has a regular job, sees gambling as a potential break, playing small but dreaming big.

Both methods evoke gambling's thrill of uncertainty and possibility. The rich may have a "strategic" edge, but gambling is about the underdog narrative and surprise win. We talk about the thrill ride, the highs and lows, and the stories thereafter, not just winning or losing.

[zuzie]

The rich are winning as they have a large amount of money to risk, the higher you risk the greater the rewards. If we want to win like the rich, you have to be less afraid of losing and begin to think like the rich and bet without fear but this shouldn't make us to gamble an amount that'll be too big for us that we commit suicide as some individuals do when they lose a big amount of money that puts them in debts that will take them many years to get out of.

They don't bet without fear with bigger bets just because they are rich, usually they do it just to have fun with their money, so that's the average thinking of most rich gamblers who always prioritize pleasure over winning from their money, but people who Poor players always have fear so that when they lose they usually become poorer and go bankrupt because they use a poor mindset.

In fact, gambling is a game only for rich people as entertainment for them, but the average poor person plays gambling like trying their luck and making money in it. It is clear that gambling cannot be used as a source of income because it is not a game to make money but to find fun. even though if you want to make money, why not try to do business or work because it is better than gambling.

Because rich people have a lot of money so they indulge in their empty activities by gambling as much as they want without any limits on the amount of money at stake. Or you could say they waste money easily by gambling every day. However, for poor people, just seeing other people's wins can encourage them to follow in their footsteps, so that poor people think that if they do it too, they will win and get a lot of money. Well, in this case everyone has to pay close attention, because not everyone will experience the same thing and if you want to make money, think logically that working for real or doing business will make money for everyone, not from gambling.

[yazher]

It is not as if their is something special that makes the rich to win gambling, it is that the rich people spend more money in gambling , they play more, they win more and they lose more. People needs to be aware that gambling doesn't favour anyone more , it is a game of luck that winning more can be as a result of how many games are played and how many games were lose. Poor people only play gambling whenever money is available for them to play,  they don't play much as the rich people play that is why exceed them in winning,  and loosing. Gambling is the more you play more you lose and win.

That's right. Even though others see that they are winning big, they are also losing big. They don't want to bet small like poor people because in the first place, they can afford it and there are also lots of people like that who don't care about the consequences of their actions no matter what will be the outcome of it. It could be looked at as a praiseworthy action among gamblers, but for others who are carefully taking care of their money, this is not right and has never been justified. nevertheless, people shouldn't take everything for granted because once any of that is no longer in your hands, you will start to realize that you should have not done all of that.

[Ever-young]

Gambling may look like fun for the rich, but there are big risks. Their big bets increase wins and losses. A double-edged sword. Remember that gambling's hazards are the same regardless of bankroll size. Wealth does not guarantee gambling immunity, a harmful myth. Jackpot winners risk relapsing into previous behaviors. Their narrative warns that even the wealthy can fall if they are irresponsible.

That's why it would be more harmful if a rich man suddenly gets addicted to gambling, we've heard about millionaires going bankrupt and loosing everything they've worked so hard for just because of their gambling addiction, if a poor man looses all his fortune due to gambling, it wouldn't be as depressing as when a rich man does because the poor barely has enough but the rich has more than enough to loose. No wonder we rarely hear about rich people who are addicted to gambling.

[Nerdy doctor]

What I think is that in gambling platform both rich and poor people have a chance to win here luck is needed as well as the rich have money. The rich can easily place large bets but the poor cannot succeed in life the poor have to experience the ups and downs. They are afraid to pour more money into the gambling platform. Compared to the rich they are much safer and do not lack money. The rich get a lot of money once they win a bet and understand the betting strategies.

The rich also experience the ups and downs when it comes to gambling. They too do experience defeats and losses on their bets but most times, they wouldn’t be affected by the loss.
They’re rightly concerned about putting money from the meagre amount earned into gambling when they’re more likely to lose that money. Better to utilize it on something better.
The rich don’t have that financial restriction as they’ve got enough money to bet consistently or to stake a bet with high amount periodically.

[Orpichukwu]

That's right. Even though others see that they are winning big, they are also losing big. They don't want to bet small like poor people because in the first place, they can afford it and there are also lots of people like that who don't care about the consequences of their actions no matter what will be the outcome of it. It could be looked at as a praiseworthy action among gamblers, but for others who are carefully taking care of their money, this is not right and has never been justified. nevertheless, people shouldn't take everything for granted because once any of that is no longer in your hands, you will start to realize that you should have not done all of that.

If a poor man places a bet today and they lose their wager amount, let me say they spend $1, which is a lot of money to them, and when that is removed from their wealth, they are affected. Now that's the bet of the poor, and if they continue placing bets and losing such amounts more often, they will get to a point where they can't even be able to pay their internet bills, talk more about having access to the casino, and when such happens, they are now bankrupt.
 
This same thing can happen to anyone, be you the wealthiest or among the wealthiest. If you gamble a lot and wager a large amount of money, you continuously lose money to gambling without making any single profit.
 
Continuing without giving up and realising that you are spending more can bring the person down to his lowest level without even realising that no one is above getting broke again. No matter the level of wealth acquired, if you mismanage it, you can still go back down to the trenches.

[kamvreto]

Gambling may look like fun for the rich, but there are big risks. Their big bets increase wins and losses. A double-edged sword. Remember that gambling's hazards are the same regardless of bankroll size. Wealth does not guarantee gambling immunity, a harmful myth. Jackpot winners risk relapsing into previous behaviors. Their narrative warns that even the wealthy can fall if they are irresponsible.

That's why it would be more harmful if a rich man suddenly gets addicted to gambling, we've heard about millionaires going bankrupt and loosing everything they've worked so hard for just because of their gambling addiction, if a poor man looses all his fortune due to gambling, it wouldn't be as depressing as when a rich man does because the poor barely has enough but the rich has more than enough to loose. No wonder we rarely hear about rich people who are addicted to gambling.

only people who cannot control their psychology will become addicts and lose all their wealth. For someone who is aware and understands that gambling will lead to addiction, he limits the use of funds for gambling. so you don't use all your money and keep your gambling money and other money separate. This is the management that must be done. don't be so stupid to become an addict and spend all the money in gambling.