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Author Topic: Why the rich win gambling more than the poor.  (Read 3692 times)
Jody.Drummer
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December 16, 2023, 03:39:14 PM
 #341

That's the main advantage the rich has. They can continue to try out their luck in different games but they poor cannot. Simply because the poor are restricted to a certain amount of money. They can't spend as they please. On the other hand the rich has abundant amount of money. So even if they loses 100 bets, it won't be enough to affect them that much. They can just move to another game if they feels like it.

Money management and greediness is one of the main problem of the poor. A poor man can accumulate 20 games to win $1000 with $1. They keep picking games from different league without proper studying of those league. Poor people see football betting as a gambling but the rich sees it as a business. They may stick to just few leagues they know we'll about and only pick few game with above 60% assurance of winning.
This is exactly what is making many gamblers to lose their bets even the ones that they might win but because of greediness or lack of money they will add other games that will give the bet a chance to lose.
However, rich gamblers don't give a fuck to what's going to happen to their games sometimes because already they have the money, soost of them are just there to catch the fun and not to look for profits.
But you know what? Even if they are there to look for profits or they are there to catch fun, there is still more chances that their stakes will also lose if they don't have the luck at that time.

Basically I think that most gamblers will act greedy when they have won, none other than because they think that luck is still on their side, so instead of withdrawing their winnings and enjoying it but what they choose is to  continue gambling with a very high level of hope and confidence and hope that they can get a win with a much bigger amount than the previous win and it's the same as they create new opportunities to get a loss or lose.

I think for gamblers who have a rich  background they will usually prefer to seek pleasure and entertainment, they come to seek entertainment from the busy business activities they do in the real world, so with that then I think that can be used as a reason why rich gamblers choose to make gambling as entertainment only, and also another thing is that they already have a lot of money and already know how to make money, so it seems very unlikely that rich people come to earn. Of course, no matter what and whatever purpose they bring to their gambling activities, the chance of risk is still very possible, no matter whether you come for entertainment or income, but the difference is that those who come with the intention of seeking entertainment usually  will not be too excessive and will not return to betting if the previous result loses.


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December 16, 2023, 04:11:55 PM
 #342

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.


An interesting observation, but you need to clarify how your observations took place. Did the people you are talking about have the same conditions? What type of gambling was there, at what time, on what day and many other variables.
I think the point is that a rich person has a more free attitude towards money and is not afraid of losing it, therefore he makes decisions more freely, while a poor person is more pressured by responsibility

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December 16, 2023, 07:25:21 PM
 #343

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.


An interesting observation, but you need to clarify how your observations took place. Did the people you are talking about have the same conditions? What type of gambling was there, at what time, on what day and many other variables.
I think the point is that a rich person has a more free attitude towards money and is not afraid of losing it, therefore he makes decisions more freely, while a poor person is more pressured by responsibility

The gambling decision of a rich man isn't different from anyone else. What we need as gamblers is executing planned techniques. And these action isn't personal to only the rich players. The low rollers still have opportunities to learn ways of making profits in gambling using their strategies. High-rollers who don't plan well can also lose money in gambling. Money management can be perfected by any type of gambler. It only requires some self-control to limit excessive spending in gambling. Pressure, yes, affects the low rollers who are afraid of losing out hard-earned money in gambling. Resulting in careless predictions and losses. Unlike the low roller, the rich gamblers who have self-control and can ease their mind, have a higher advantage in gambling decisions. Gambling out of fear and hastiness only leads to losses and players who do this, often lose control oftentimes and spend time looking for ways to free themselves from the mistake.

If a rich gambler isn't inclined enough about what Adultcrypto thinks of them, he'll be a victim of such mistakes. And he'd also lose out like anybody else. The high rollers who win big follow gambling ethics and the same applies to low rollers who win their predictions. Differences can only be detected in the amount won, as the high roller will get more than a low roller, but the happiness goes to both parties. Which remains the main fun of winning in gambling. So, in clarifying his observations, I'd use celebrities who have published their gambling results online or those I've read about their gambling behavior. The risk is quite high on them, due to the figures they wager, but the winning is worth the risk. Especially those who bet on football or poker games. The advantage of being a rich gambler is doing the right thing in gambling. Other than that, it's unfair for a rich gambler not to know much about gambling. His money will be wasted at the cost of chasing for a win. And if care is not taken he'd run broke. I'd suggest, to enjoy the fun, that a rich gambler should also be a good and smart gambler.

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December 16, 2023, 07:32:09 PM
 #344

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, there are also many rich people who lose money because of gambling, so it's not a matter of rich or poor, it's more about luck, just imagine how many gamblers out there are willing to spend a lot of money on gambling, if poor people would definitely think a thousand times about doing that. , quite a lot of rich people also use gambling as a means of entertainment, unlike poor people, they use gambling as a way to make money. From this difference in mindset, we can see that rich and poor people have different attitudes towards gambling.



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December 16, 2023, 10:56:28 PM
 #345

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, there are also many rich people who lose money because of gambling, so it's not a matter of rich or poor, it's more about luck, just imagine how many gamblers out there are willing to spend a lot of money on gambling, if poor people would definitely think a thousand times about doing that. , quite a lot of rich people also use gambling as a means of entertainment, unlike poor people, they use gambling as a way to make money. From this difference in mindset, we can see that rich and poor people have different attitudes towards gambling.
When it comes to losing chances then it would really be just that the same on which it just turns out that they do have more capital and this is why on the time that they do make some winning then we would really be seeing those significant numbers on which it would be something that would be boosting up other players and sometimes it could really make us jealous and trying out to bet on the same
amount and this is where some gamblers do really ends up on trying out to take some loan because they are trying out to follow those trails on which it is really that something a suicide thing
that you are really that dealing with. This is why if you are a type of gambler who do have less funds then just be grateful and be contented. Dont tend to get in line with those huge wagerers.

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December 17, 2023, 03:35:57 AM
 #346

~snip~

In fact, there are also many rich people who lose money because of gambling, so it's not a matter of rich or poor, it's more about luck, just imagine how many gamblers out there are willing to spend a lot of money on gambling, if poor people would definitely think a thousand times about doing that. , quite a lot of rich people also use gambling as a means of entertainment, unlike poor people, they use gambling as a way to make money. From this difference in mindset, we can see that rich and poor people have different attitudes towards gambling.
When it comes to losing chances then it would really be just that the same on which it just turns out that they do have more capital and this is why on the time that they do make some winning then we would really be seeing those significant numbers on which it would be something that would be boosting up other players and sometimes it could really make us jealous and trying out to bet on the same
amount and this is where some gamblers do really ends up on trying out to take some loan because they are trying out to follow those trails on which it is really that something a suicide thing
that you are really that dealing with. This is why if you are a type of gambler who do have less funds then just be grateful and be contented. Dont tend to get in line with those huge wagerers.
Rich people use much more money so it is very natural that when they win they will get bigger amount and of course no one can follow the betting method of rich people if they don't have the same abilities.
Maybe we feel jealous and want the same thing so we can get a big win too, but we also have to think about the risks, if you gamble by pushing your abilities then when you lose there will only be regret.
Let try not to look at the winning results of rich people but rather look at the results of their losses, we will definitely shake our heads and in our hearts say don't experience the same thing.
If you just look at other people luck, it very enjoyable, but don't be influenced because with every luck there are still losses that have come or are waiting.

As you said, dare to borrow money to be able to gamble with larger amounts, but is that guaranteed to win?
Of course not and every gambler must realize that they must think about the negative impacts such as losing so that they are not affected by the big win they want to get.
Moreover, borrowing money just to gamble is not the right action, we have to consider it carefully.

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December 17, 2023, 03:48:50 AM
 #347

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.
We have reasons to gamble on matches, be it 100% legit or not, we just have to stick to enjoying the good moments of gambling. First, what differentiate them is mentality, the rich have balance and high level mentality, they're in the system to get extra changes and staking with hugh capital while the poor have just one main focus, they're always in desperate position to gain money and they're in for making it stable source of income. The rich are meant to win more than those that don't have sufficient money to place wager on game, it's simple to adapt to any strategy that yields good results.

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December 17, 2023, 04:23:38 AM
 #348

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.


An interesting observation, but you need to clarify how your observations took place. Did the people you are talking about have the same conditions? What type of gambling was there, at what time, on what day and many other variables.
I think the point is that a rich person has a more free attitude towards money and is not afraid of losing it, therefore he makes decisions more freely, while a poor person is more pressured by responsibility

     -  This is right what you said, mate. Rich people, when they lose, are less concerned about the amount of money they lose compared to the amount a non-rich gambler loses. That's the difference between those two people.

But there are also times when the poor gambler is luckier compared to the rich. You know what it means to say that there are times when the rich person loses a lot but the poor gambler wins a lot in gambling. I can say that this is also their difference.

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December 17, 2023, 07:40:00 AM
 #349

You said it like rich does not care about money. They dont care how much they spend or lose. But that isnt right. If it was like this, they would become poor quickly.

People have created a vision that rich win more simply because they place more bets. But people dont think about win:lose ration. Rich people have it the same as poor people, because gambling rules are equal for everyone.

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December 17, 2023, 07:40:08 AM
 #350

Not all rich gamblers will have the same opportunities. Many poor gamblers have also become rich through gambling. But rich gamblers have some positive environment in gambling such as a rich gambler has the ability to place high bets but poor gamblers do not have. There are many gamblers who are unable to take proper risk in betting due to lack of money. Even if a rich gambler loses a bet repeatedly, he is able to bet again later on, so his chances of winning are higher. Moreover, a rich gambler can take advantage of the VIP services, but it is relatively difficult for a poor gambler to take advantage of that. Moreover, rich gamblers can learn information and strategy relatively easily, but a poor gambler does not. But since gambling results are unpredictable, anyone can be successful in gambling. However, the advantage is more for rich gamblers.

It's also the case with rich gamblers who put up a high amount of network they tend not to hesitate to gamble even with a higher amount of bets, because they feel they have a lot of spare money that can still be played in gambling and they will not hesitate to gamble with high amounts, because they think the bigger the amount of bets the more exciting the sensation is and the possibility of winning is also easy to get, but all of that is also inseparable from luck.

In contrast to poor gamblers, who gamble carefully because the main goal is to aim for a profitable win, and gamblers like this tend to worry about the money they bet because they are afraid of running out  of money they have, and gamblers like this are more likely to get addicted to gambling. but as you said, gambling results cannot be predicted exactly, so anyone can be lucky in gambling, if they are lucky then they will win.
The mentality of rich and poor gamblers differs intriguingly. High stakes thrill rich gamblers, who indulge in excess money. Their gambling is for fun, not necessity. This mindset hides a basic mistake: associating bigger stakes with greater pleasure. They overlook the addicting nature of chasing bigger wins, a risky path where luck, not skill, determined results.

Poor gamblers gamble out of desperation, not fun. Fear of losing what they have drives their cautious bets. Ironically, fear may increase addiction. They play for survival, not thrills. While preventing irresponsible spending, their cautious approach intensifies their addiction as they chase elusive wins to enhance their finances.

Both perspectives highlight the misperception that gambling may lead to financial success. Luck and chance drive the story, but the house always wins. This tale of huge sums and smart bets is about wrong priorities and odds. The house always wins in gambling, whether rich or poor.

It's true, the mentality that rich and poor gamblers have is different. rich gamblers tend to have a strong mentality so they don't hesitate with the amount of bets they play, because they feel they have a lot of money so they won't hesitate with actions that are at great risk. and poor gamblers  tend to have a bad mentality, they tend to be afraid and anxious about losing their money because they gamble with the aim of doubling the money they have so that they can increase it, but this makes them gamble tensely, because they don't want to lose the money they bet.

Although there are opportunities to get a profitable win that can also make them financially good, of course, there are also  opportunities for losses that they will feel financially. and it is true that the host will always win, even if they win, it may only be a small win that is also unethical or not enough for them to spend. if they want to improve their finances I think they should work instead of gambling, although for the reason of trying their luck it is not recommended. it is better to gamble with entertainment purposes only.

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December 17, 2023, 11:59:28 AM
 #351

You said it like rich does not care about money. They dont care how much they spend or lose. But that isnt right. If it was like this, they would become poor quickly.

People have created a vision that rich win more simply because they place more bets. But people dont think about win:lose ration. Rich people have it the same as poor people, because gambling rules are equal for everyone.

Yes, you are spot on.

The rich actually will probably not gamble at all.

That's because they make their decisions based on rational thinking, and gambling has a negative return.

Pretty bad business case for a rich person to invest in it. I mean, they might own the casino, but they wouldn't bet a substantial amount.

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December 17, 2023, 02:43:08 PM
 #352

That's the mindset that most poor or lower middle class people have, I think the circumstances are the main cause that will push his mind to continue gambling and get a lot of money from winning to improve or increase finances in his life. I think only a few gamblers think to see how much money they have allocated to gambling, because their main focus is only on winning and indirectly it makes them forget about how much money they have lost in their gambling involvement during that time, of course if they see it maybe they will be surprised but that does not mean they will stop or just reduce, there are many choices they can choose between being more aggressive in gambling next with the aim of breaking even or reducing it in terms of budget so that the amount of defeat is not too large.

Honestly, I can't tell if rich people gamble more often than middle to lower class people or if they are very rare because they have a lot of activities in the real world, but what is certain is that as you said, rich people have a good financial level and with that, they have the freedom to put any amount on their gambling, for them winning is normal and losing is also normal, because obviously they already have a place to make money that is like running water, endless as long as they continue their business and that means that maybe losing is not something that matters to them.
They are encouraged to continue gambling using more and more money, just wanting to win from gambling and wanting to change their lives for the better. Unfortunately, it won't be easy because, in gambling, they can experience more and more losses, and if they don't realize it, they will end up spending a lot of money that they could have saved. They will not remember how much money they have spent gambling because they will continue gambling even though they have lost a lot of money. If they saw the amount of money they used, they might also be shocked, but that still wouldn't stop them from gambling. Maybe if they have gotten a big win, they won't stop because they have felt the big win and instead want to get more big wins and will continue gambling.

I think many rich people probably also gamble and spend their money on gambling but they still have sources of income from many places so if they spend a lot of money, it won't really affect them. Rich people can also gamble whenever they want. But they prioritize their business matters rather than gambling because, for them, gambling is just entertainment that they don't need to do too often. If they can get more business, they can have even more money. They know that when gambling, they cannot expect always to win, so that is why they only gamble for fun and can stop once they have had enough of gambling.

The promise of a life-changing win draws people with modest means to gambling. They want empowerment, independence, and possibly equality with the wealthy, not just money. If they stopped and counted their spending, the revelation might be shocking. Hard-earned money often vanishes. Complex psychology: each loss reinforces the belief that the next bet will be the one. An emotional rollercoaster fuelled by optimism but rooted in loss.

Compare this to the rich. Their gambling is unique. Their dangers are reduced by bigger pockets and diverse revenue streams. Their goal is excitement, not survival. That's a striking reminder of the financial difference, right? For individuals outside that elite, gambling is dangerous and rarely profitable. Moderation, as you say, is vital. Finding balance, comprehending dangers, and realizing that winning big costs more than money is key. It's about financial and mental security.
People who gamble and hope to win are really trying to win because they see that gambling can give them a win so they don't calculate how much they spend on gambling. They want to get rich from gambling because they have seen several people succeed in becoming rich and winning a lot of money from gambling. But they don't remember that to get that big win, they have to use a lot of money and other things that can help them win. If they lose, it will only increase their emotions and they will consider increasing the bet amount.

Rich people don't have a problem with losing when playing gambling and they consider it a normal thing, especially since they also know that in gambling games, losing is something that happens most often. So they only gamble with the money they can afford, which is a very large amount of money for most people. The goal of rich people in gambling is to get pleasure that is different from other pleasures so that they can accept defeat if they lose. Meanwhile, people should use gambling appropriately and not use a lot of money to avoid losing a lot.

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December 17, 2023, 05:28:05 PM
 #353

That's the mindset that most poor or lower middle class people have, I think the circumstances are the main cause that will push his mind to continue gambling and get a lot of money from winning to improve or increase finances in his life. I think only a few gamblers think to see how much money they have allocated to gambling, because their main focus is only on winning and indirectly it makes them forget about how much money they have lost in their gambling involvement during that time, of course if they see it maybe they will be surprised but that does not mean they will stop or just reduce, there are many choices they can choose between being more aggressive in gambling next with the aim of breaking even or reducing it in terms of budget so that the amount of defeat is not too large.

Honestly, I can't tell if rich people gamble more often than middle to lower class people or if they are very rare because they have a lot of activities in the real world, but what is certain is that as you said, rich people have a good financial level and with that, they have the freedom to put any amount on their gambling, for them winning is normal and losing is also normal, because obviously they already have a place to make money that is like running water, endless as long as they continue their business and that means that maybe losing is not something that matters to them.
They are encouraged to continue gambling using more and more money, just wanting to win from gambling and wanting to change their lives for the better. Unfortunately, it won't be easy because, in gambling, they can experience more and more losses, and if they don't realize it, they will end up spending a lot of money that they could have saved. They will not remember how much money they have spent gambling because they will continue gambling even though they have lost a lot of money. If they saw the amount of money they used, they might also be shocked, but that still wouldn't stop them from gambling. Maybe if they have gotten a big win, they won't stop because they have felt the big win and instead want to get more big wins and will continue gambling.

I think many rich people probably also gamble and spend their money on gambling but they still have sources of income from many places so if they spend a lot of money, it won't really affect them. Rich people can also gamble whenever they want. But they prioritize their business matters rather than gambling because, for them, gambling is just entertainment that they don't need to do too often. If they can get more business, they can have even more money. They know that when gambling, they cannot expect always to win, so that is why they only gamble for fun and can stop once they have had enough of gambling.


The factor of circumstances and weak finances in real life is the biggest driver that makes them always chase victory and do not care how much money they sacrifice, actually what they do is not a struggle to achieve a big win but slowly if you or they realize the facts that occur are actions and goals like that only throw their money drained slowly and without realizing it, the more they are surprised by the amount they lose a lot then another possibility or another decision that seems more likely they will choose to act more aggressively because of the inability to accept the risks that occur.

In fact there will  never be a better situation if you have that perspective on gambling, simply put when you lose you will be curious and when you win you will be addicted, so it's actually a cycle for people who are already into addiction. For the rich themselves it obviously seems to be true that a good financial situation will not make them act excessively, the logic is as you said that by having many sources of income then obviously at first glance I already know that most likely they come just to fill their empty time along with seeking entertainment, while the poor have a purpose that is not recommended, as I said that the situation factor is the cause.

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December 17, 2023, 06:42:02 PM
 #354

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.


An interesting observation, but you need to clarify how your observations took place. Did the people you are talking about have the same conditions? What type of gambling was there, at what time, on what day and many other variables.
I think the point is that a rich person has a more free attitude towards money and is not afraid of losing it, therefore he makes decisions more freely, while a poor person is more pressured by responsibility

     -  This is right what you said, mate. Rich people, when they lose, are less concerned about the amount of money they lose compared to the amount a non-rich gambler loses. That's the difference between those two people.


Yeah, wealthy people (rich) have more advantages than those who are less financially well-off (poor). Indeed, rich people often have more money to spare and they can gamble higher amounts without experiencing financial consequences. and they have even more potential to gain a large profit because they would more like to take risk and place a large bet. They were more like into private gaming clubs or casinos that offer a higher stake. Especially if some of the rich people are fond of gambling then they were more likely to have more experience, knowledge and strategies that they can apply to gambling.

Compared to poor people some might be addicted because of greed. They may not control their emotions and be desperate for quick money that even if they were struggling financially, they will always find ways to gamble. There are also some people who borrow money and then later on have a conflict with the person they owe.
So, therefore, it is crucial to minimize the risk and only lose money you can afford.

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December 17, 2023, 06:50:57 PM
 #355

~snip~

In fact, there are also many rich people who lose money because of gambling, so it's not a matter of rich or poor, it's more about luck, just imagine how many gamblers out there are willing to spend a lot of money on gambling, if poor people would definitely think a thousand times about doing that. , quite a lot of rich people also use gambling as a means of entertainment, unlike poor people, they use gambling as a way to make money. From this difference in mindset, we can see that rich and poor people have different attitudes towards gambling.
When it comes to losing chances then it would really be just that the same on which it just turns out that they do have more capital and this is why on the time that they do make some winning then we would really be seeing those significant numbers on which it would be something that would be boosting up other players and sometimes it could really make us jealous and trying out to bet on the same
amount and this is where some gamblers do really ends up on trying out to take some loan because they are trying out to follow those trails on which it is really that something a suicide thing
that you are really that dealing with. This is why if you are a type of gambler who do have less funds then just be grateful and be contented. Dont tend to get in line with those huge wagerers.
Rich people use much more money so it is very natural that when they win they will get bigger amount and of course no one can follow the betting method of rich people if they don't have the same abilities.
Maybe we feel jealous and want the same thing so we can get a big win too, but we also have to think about the risks, if you gamble by pushing your abilities then when you lose there will only be regret.
Let try not to look at the winning results of rich people but rather look at the results of their losses, we will definitely shake our heads and in our hearts say don't experience the same thing.
If you just look at other people luck, it very enjoyable, but don't be influenced because with every luck there are still losses that have come or are waiting.

As you said, dare to borrow money to be able to gamble with larger amounts, but is that guaranteed to win?
Of course not and every gambler must realize that they must think about the negative impacts such as losing so that they are not affected by the big win they want to get.
Moreover, borrowing money just to gamble is not the right action, we have to consider it carefully.
They do really have that versatility and they do really have that kind of space on which they could really be able to recover on what they had lost considering on the amount that they've been using on which we know that it would really be giving out that kind of probability but just like on what i had said that chances or odds would really be just that the same. There's no poor or rich
when it comes on being lucky because even on small money or fund or balance ,you could really be able to hit up some jackpot on which it is the same to those who do have those big balance.
Although the amount would really able to win up is much less though, which is it is really that understandable. Gambler should at least be realizing it on the first place.

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December 17, 2023, 06:57:37 PM
 #356

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 want to know the reason for this pattern I have observed.
I think is the greedy nature of the poor person who wants to earn more in a short time with a limited fund.  When he came to the casino he had limited funds through which they wanted to gain more and in hurting they made a mistake and lost their find as I told them that they had limited supply than they were for the short period in the casino while on the other hand, the rich person has a lot of finds and when they lose their find twice or thrice they did not go from the casino until they make a huge fund and recover all their losses funds.  Another reason is that rich people gamble as a game for their refreshing while poor people understand this is the quick rich game and there is a huge difference between these two. So according to me maybe this is the reason behind this.
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December 17, 2023, 09:30:53 PM
 #357

You said it like rich does not care about money. They dont care how much they spend or lose. But that isnt right. If it was like this, they would become poor quickly.

People have created a vision that rich win more simply because they place more bets. But people dont think about win:lose ration. Rich people have it the same as poor people, because gambling rules are equal for everyone.

Yes, you are spot on.

The rich actually will probably not gamble at all.

That's because they make their decisions based on rational thinking, and gambling has a negative return.

Pretty bad business case for a rich person to invest in it. I mean, they might own the casino, but they wouldn't bet a substantial amount.

Though, there are rich people who actually wager much money, otherwise there would not be special casinos and establishments which are supposed to be able to Carter to whales like them. The fact is that there are less people who can be considered to be rich and gamble, in comparison to people with a low level of income and also are active gamblers.
In general, when comes to vices and activities like tobacco, alcohol, gambling... There will be always a market for all people in a community regardless of their level of income.

Though, I do not doubt that people who has much money and have plans to continue to multiply it in the future would rather to avoid to gamble, for the sake of those same plans they have, and since they are aware the house always wins in the long term, they may prefer to stick to their plans and partake in activities which will bring them amusement without having to wager money and depend on luck. It is pretty reasonable if we think about it from the perspective of someone who whishes to make money in a traditional way, though.

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December 17, 2023, 11:57:08 PM
 #358

That's the mindset that most poor or lower middle class people have, I think the circumstances are the main cause that will push his mind to continue gambling and get a lot of money from winning to improve or increase finances in his life. I think only a few gamblers think to see how much money they have allocated to gambling, because their main focus is only on winning and indirectly it makes them forget about how much money they have lost in their gambling involvement during that time, of course if they see it maybe they will be surprised but that does not mean they will stop or just reduce, there are many choices they can choose between being more aggressive in gambling next with the aim of breaking even or reducing it in terms of budget so that the amount of defeat is not too large.

Honestly, I can't tell if rich people gamble more often than middle to lower class people or if they are very rare because they have a lot of activities in the real world, but what is certain is that as you said, rich people have a good financial level and with that, they have the freedom to put any amount on their gambling, for them winning is normal and losing is also normal, because obviously they already have a place to make money that is like running water, endless as long as they continue their business and that means that maybe losing is not something that matters to them.
They are encouraged to continue gambling using more and more money, just wanting to win from gambling and wanting to change their lives for the better. Unfortunately, it won't be easy because, in gambling, they can experience more and more losses, and if they don't realize it, they will end up spending a lot of money that they could have saved. They will not remember how much money they have spent gambling because they will continue gambling even though they have lost a lot of money. If they saw the amount of money they used, they might also be shocked, but that still wouldn't stop them from gambling. Maybe if they have gotten a big win, they won't stop because they have felt the big win and instead want to get more big wins and will continue gambling.

I think many rich people probably also gamble and spend their money on gambling but they still have sources of income from many places so if they spend a lot of money, it won't really affect them. Rich people can also gamble whenever they want. But they prioritize their business matters rather than gambling because, for them, gambling is just entertainment that they don't need to do too often. If they can get more business, they can have even more money. They know that when gambling, they cannot expect always to win, so that is why they only gamble for fun and can stop once they have had enough of gambling.


The factor of circumstances and weak finances in real life is the biggest driver that makes them always chase victory and do not care how much money they sacrifice, actually what they do is not a struggle to achieve a big win but slowly if you or they realize the facts that occur are actions and goals like that only throw their money drained slowly and without realizing it, the more they are surprised by the amount they lose a lot then another possibility or another decision that seems more likely they will choose to act more aggressively because of the inability to accept the risks that occur.

In fact there will  never be a better situation if you have that perspective on gambling, simply put when you lose you will be curious and when you win you will be addicted, so it's actually a cycle for people who are already into addiction. For the rich themselves it obviously seems to be true that a good financial situation will not make them act excessively, the logic is as you said that by having many sources of income then obviously at first glance I already know that most likely they come just to fill their empty time along with seeking entertainment, while the poor have a purpose that is not recommended, as I said that the situation factor is the cause.

Well, I see it in the simplest way there is, a millionaire, rich, is a person who has a lot of money that can even be spent on the roof, even if he spends a lot of money, which for us can be a fortune, for them or is it just fine, and it surprises me to see the number of rich people there are in the world, I don't know how they manage to be so rich, what I say is that when there is something to offer and how they can have better job opportunities, business opportunities, that is the reason why I see that they can be big, however I say something when a rich person plays in a casino they can easily spend up to $200k, something that in my life I am not able to afford, but I don't forget this is something that not everyone talks about , and since it happens that they have spent much more and even so, if they lose, nothing is left there, because the rich do not have Needs to satisfy or look for extra money for their things, it is complicated but for the common people who are not millionaires , who are always looking for ways to make money and find ways to have fun.

A player who is rich will always look for a way to get more fun in a casino and wherever, that's why we are people who can wait to make the Difference when we are in a casino because when we play with little money there is a lot that is learned in a moment given , a rich person because things are different, the money they spend doesn't hurt them much, they always know how to do everything, so basically with money life is easier, more comfortable, they don't have to go through needs or make sacrifices, everything is easier for them, then in retrospect if life is easier for a rich person, it is easier to act in a casino, because addiction will not occur, unless you bet Large Amounts of money that are decapitated, but you have to very stupid to do it , there are no people like that. because above all, some of those who are richer know what to spend on.

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December 18, 2023, 02:02:21 AM
 #359

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 think the reason behind it is that they understand financial management more than the poor, and they aren't too greedy they know when to quit and take profit or loss.
For me it is not about rich or poor, those who could manage their own greed and stop when they needed are the ones who could win most of the time.
And also it might be that the rich could just hide the fact that they lost in gambling, while the poor couldn't since they lost more than they could.
There are some rich people who had destroyed their life by gambling or their uncontrolled greed.



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December 18, 2023, 03:30:13 AM
 #360

~snip~
Though, there are rich people who actually wager much money, otherwise there would not be special casinos and establishments which are supposed to be able to Carter to whales like them. The fact is that there are less people who can be considered to be rich and gamble, in comparison to people with a low level of income and also are active gamblers.
In general, when comes to vices and activities like tobacco, alcohol, gambling... There will be always a market for all people in a community regardless of their level of income.

Though, I do not doubt that people who has much money and have plans to continue to multiply it in the future would rather to avoid to gamble, for the sake of those same plans they have, and since they are aware the house always wins in the long term, they may prefer to stick to their plans and partake in activities which will bring them amusement without having to wager money and depend on luck. It is pretty reasonable if we think about it from the perspective of someone who whishes to make money in a traditional way, though.

Yeah, you're right.

Rich people that keep being rich will probably not spend their money gambling.

Whereas there are a lot of "new rich" people that got their money fast, and they are happy to throw it all in the casino.

Easy comes, easy goes.

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