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Author Topic: Why the rich win gambling more than the poor.  (Read 3109 times)
DaNNy001
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December 27, 2023, 09:24:26 PM
 #401

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.
For me, I just feel that the rich guys don't get too disturb by their loses and don't feel the need to chase their loses whereas the poor folks are the one's that get crazy whenever they acquire some kind of loses and they tend to forget about everything and chase after their loses to see if they can recover their capital funds and before they know it they have turn the habit to something else and lost all their little bankroll in the cause of chasing their loses. Another reason is the risk involvement when it comes to gambling as some gamblers tend to go with less and high capital for good possible returns while for the poor gambling the risk is more and less money so they can actually get something tangible if eventually the bet entered for them.

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December 27, 2023, 09:41:17 PM
 #402

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.

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December 27, 2023, 10:47:48 PM
 #403

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.

True, at the end of the day rich and poor have both the same odds, and there is also usually a maximum bet anyway in games.

The difference might be that the rich have more disposable income, so they can lose more money, and therefore their wins might seen higher in comparison (but also their losses).

As usual, gamblers only talk about their wins, so with the rich ones being larger, they attract more attention.

But in the end, most gamblers, rich and poor, end up with losses in the end. The rich just losses more.

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December 28, 2023, 03:43:18 AM
 #404

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.
The games are fair to everyone, it is just the rich may give the appearance they are earning more than other players just because the bets they are making are higher, however the assumption rich gamblers somehow profit more than the poor ones does not really make any sense, as if casinos were making a distinction on the outcome you can get depending on the amount of money you are using, or in other words a casino was cheating their customers, what makes the most sense for such a casino? To cheat their customers with low resources or to cheat their rich clients? So if a casino was making a distinction between their clients, rich gamblers must lose more on average as this will be what will benefit such a dishonest casino the most.
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December 28, 2023, 04:44:13 AM
 #405

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.

It's very common these days, we tend to find more persons who would always broadcast the little time they experience some wins leaving or hiding there losses from the public. And this is the more reason we find some persons trying to do the same but at the end of the day, they end up quiting or seeing something else other than what the next person posted on his status. Wining isn't easy for both the poor and the rich, but considering less risk by chosing a single game for a bet with high stake, has more probability of winning than making selections from a dozen of games in a single bet slip. All I'm saying is, the rich tends to use this strategy more, and that is why they are likely to win more because, their betting strategy isn't a greedy one.
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December 28, 2023, 10:45:24 AM
 #406

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.

You are absolutely correct, oftentimes rich people or even the poor only tell their winnings not their losses. In the case that the rich wins more than the poor, there is some truth to it because they have the capital to chase their losses but if not careful enough, they might end up broke if their losing streak continues. Rich wins more but loses big while poor only loses what he has on his hands.

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December 28, 2023, 10:51:48 AM
 #407

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.

Gambling is for all, just as you've said already, this is not what the rich only have the right to enjoy doing because they have the money to use for it, base on my own understanding, i think the average people gambles most because they have the time and money to use for gambling, we may class the rich as people who sone of them don't even have time for gambling just the way other people do, we all have equal chances for winning when we are gambling and none is more favourable than the other between the poor gamblers and the rich ones, everyone is doing the same, what makes the difference is in what we know and how we have the understanding in what we do while gambling.
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December 28, 2023, 11:20:06 AM
 #408

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.

Gambling is for all, just as you've said already, this is not what the rich only have the right to enjoy doing because they have the money to use for it, base on my own understanding, i think the average people gambles most because they have the time and money to use for gambling, we may class the rich as people who sone of them don't even have time for gambling just the way other people do, we all have equal chances for winning when we are gambling and none is more favourable than the other between the poor gamblers and the rich ones, everyone is doing the same, what makes the difference is in what we know and how we have the understanding in what we do while gambling.
 
I agree with you, gambling can be done by anyone who has time and money, rich people or poor people can do it if they have enough money to place bets, and in my opinion what makes the difference here is the amount of money each person has. is different, where rich people can gamble without hesitation and they tend to place bigger bets also with those who are not afraid of losing their money when gambling making them more confident when gambling. and rich people can gamble more because they likely have a lot of money and don't have financial problems.
Meanwhile, in my opinion, poor people clearly have financial problems, but many poor people gamble, their goal is to win, while winning itself is difficult to get, because the chance of winning in gambling is very slim, while the chance of losing in gambling. it is big and this cannot be avoided or hidden, also with their aim of multiplying their money to make it bigger, they themselves are afraid of losing the money they bet in gambling, and this makes them less confident when gambling.

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December 28, 2023, 11:36:54 AM
 #409

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.

Rich people don't care too much about their money and don't treat gambling as their source of income, they play well because they aren't carried away too much when they lose because they have the money, and most of them too make a lot of buy of speed bonus headstarts so they can have the chance to get more profit with this multipliers and risk takes moves. But the other side poor gamblers have a small amount or limited amount only they would like to hope and take risks that they can take a good profit on those small amounts reason why instead they having a lot of opportunities they lose more, which makes their emotions affected reason to make a rough decision of revenge game. Playing gambling is not always a solution to money.

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December 28, 2023, 11:47:43 AM
 #410

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.

Rich people don't care too much about their money and don't treat gambling as their source of income, they play well because they aren't carried away too much when they lose because they have the money, and most of them too make a lot of buy of speed bonus headstarts so they can have the chance to get more profit with this multipliers and risk takes moves. But the other side poor gamblers have a small amount or limited amount only they would like to hope and take risks that they can take a good profit on those small amounts reason why instead they having a lot of opportunities they lose more, which makes their emotions affected reason to make a rough decision of revenge game. Playing gambling is not always a solution to money.

and rich gamblers also bet more which allows them to play the game longer. Of course, they spin to get one of their lucky breaks.
Even though I'm sure, whether you play with big or small bets, if you're not lucky then you won't win.
the situation may be different for gamblers with small capital. their bets are small and when the capital runs out in a short time, they will not have time to see luck. although some bet in several rounds and managed to win. Once again, the gambler's luck is the main factor.









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December 28, 2023, 11:53:16 AM
 #411

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.

Rich people don't care too much about their money and don't treat gambling as their source of income, they play well because they aren't carried away too much when they lose because they have the money, and most of them too make a lot of buy of speed bonus headstarts so they can have the chance to get more profit with this multipliers and risk takes moves. But the other side poor gamblers have a small amount or limited amount only they would like to hope and take risks that they can take a good profit on those small amounts reason why instead they having a lot of opportunities they lose more, which makes their emotions affected reason to make a rough decision of revenge game. Playing gambling is not always a solution to money.

and rich gamblers also bet more which allows them to play the game longer. Of course, they spin to get one of their lucky breaks.
Even though I'm sure, whether you play with big or small bets, if you're not lucky then you won't win.
the situation may be different for gamblers with small capital. their bets are small and when the capital runs out in a short time, they will not have time to see luck. although some bet in several rounds and managed to win. Once again, the gambler's luck is the main factor.
People who are rich have better end positions due to which they can afford to lose. So they don't hesitate to continue gambling. And for this reason, rich people gamble more than poor people. And they can often win good things from gambling when they gamble. And that's why they get more excited to gamble. I think this is the main reason why rich people are more addicted to gambling than poor people.


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nara1892
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December 28, 2023, 12:58:46 PM
 #412

Rich people don't care too much about their money and don't treat gambling as their source of income, they play well because they aren't carried away too much when they lose because they have the money, and most of them too make a lot of buy of speed bonus headstarts so they can have the chance to get more profit with this multipliers and risk takes moves. But the other side poor gamblers have a small amount or limited amount only they would like to hope and take risks that they can take a good profit on those small amounts reason why instead they having a lot of opportunities they lose more, which makes their emotions affected reason to make a rough decision of revenge game. Playing gambling is not always a solution to money.

and rich gamblers also bet more which allows them to play the game longer. Of course, they spin to get one of their lucky breaks.
Even though I'm sure, whether you play with big or small bets, if you're not lucky then you won't win.
the situation may be different for gamblers with small capital. their bets are small and when the capital runs out in a short time, they will not have time to see luck. although some bet in several rounds and managed to win. Once again, the gambler's luck is the main factor.
People who are rich have better end positions due to which they can afford to lose. So they don't hesitate to continue gambling. And for this reason, rich people gamble more than poor people. And they can often win good things from gambling when they gamble. And that's why they get more excited to gamble. I think this is the main reason why rich people are more addicted to gambling than poor people.

I think the problem is in the financial power that rich people have a lot of money so they have the freedom to gamble whenever they want and are not hindered by financial factors especially as you said when the situation finally loses and it's not a big deal for them. So maybe the difference is in terms of opportunities where the rich have more opportunities than the poor and that's the reason why the rich win more often because they try more often than the poor. And of course for the problem of addiction, obviously rich people or poor people, basically anyone who gambles excessively or means very often involved in this activity then addiction will be closer to them.

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December 28, 2023, 01:21:19 PM
 #413

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.

Rich people don't care too much about their money and don't treat gambling as their source of income, they play well because they aren't carried away too much when they lose because they have the money, and most of them too make a lot of buy of speed bonus headstarts so they can have the chance to get more profit with this multipliers and risk takes moves. But the other side poor gamblers have a small amount or limited amount only they would like to hope and take risks that they can take a good profit on those small amounts reason why instead they having a lot of opportunities they lose more, which makes their emotions affected reason to make a rough decision of revenge game. Playing gambling is not always a solution to money.

and rich gamblers also bet more which allows them to play the game longer. Of course, they spin to get one of their lucky breaks.
Even though I'm sure, whether you play with big or small bets, if you're not lucky then you won't win.
the situation may be different for gamblers with small capital. their bets are small and when the capital runs out in a short time, they will not have time to see luck. although some bet in several rounds and managed to win. Once again, the gambler's luck is the main factor.
People who are rich have better end positions due to which they can afford to lose. So they don't hesitate to continue gambling. And for this reason, rich people gamble more than poor people. And they can often win good things from gambling when they gamble. And that's why they get more excited to gamble. I think this is the main reason why rich people are more addicted to gambling than poor people.
Rich people are more addicted to gambling because they always have a lot of money. Poor people don't gamble most of the time because they don't have money. But poor people lose more money when they gamble because they gamble with less money.  goes for. When they lose money, they have to stop gambling because they don't have the money to recover that money. Rich people gamble with a lot of money and if they lose during gambling, they have a lot of money to recover that money.  Because rich people don't lose much in gambling.

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December 28, 2023, 02:11:53 PM
 #414

The rich people source of income are not gambling, they are only having fun with gambling, but the poor are not having fun with gambling but to to win is what they want. Which means the rich people are not desperate when it comes to gambling unlike the poor that want to hit a jackpot.
Rich people wins big amount of money if they put their big bet and win.  But they don't mind if they will win or not cause all they want is to have fun in gambling they don't take gambling seriously aiming for profits. And yes we can not deny the fact that Rich people will win big amounts but we must also remember that they will loss bigger amounts too. While poor gambler all they want is to win in order to put again their bet .

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December 28, 2023, 02:37:25 PM
 #415

The rich people source of income are not gambling, they are only having fun with gambling, but the poor are not having fun with gambling but to to win is what they want. Which means the rich people are not desperate when it comes to gambling unlike the poor that want to hit a jackpot.
Rich people wins big amount of money if they put their big bet and win.  But they don't mind if they will win or not cause all they want is to have fun in gambling they don't take gambling seriously aiming for profits. And yes we can not deny the fact that Rich people will win big amounts but we must also remember that they will loss bigger amounts too. While poor gambler all they want is to win in order to put again their bet .
There is no doubt that rich people can win a lot of money if they gamble because they can place big bets. Meanwhile, poor people who only place small bets will not be able to win as much money as rich people. We should not be jealous of rich people who can win a lot of money because that is the difference between us and them. The important thing is that we don't take gambling too seriously and just as entertainment so that we don't experience big losses. We must be wise in approaching gambling so we can gamble comfortably even if we can't win today. There are still many other days for us to gamble, and we might also win. And as long as we can limit ourselves to gambling, we will be fine.

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December 28, 2023, 02:45:50 PM
 #416

The rich people source of income are not gambling, they are only having fun with gambling, but the poor are not having fun with gambling but to to win is what they want. Which means the rich people are not desperate when it comes to gambling unlike the poor that want to hit a jackpot.
Rich people wins big amount of money if they put their big bet and win.  But they don't mind if they will win or not cause all they want is to have fun in gambling they don't take gambling seriously aiming for profits. And yes we can not deny the fact that Rich people will win big amounts but we must also remember that they will loss bigger amounts too. While poor gambler all they want is to win in order to put again their bet .
There is no doubt that rich people can win a lot of money if they gamble because they can place big bets. Meanwhile, poor people who only place small bets will not be able to win as much money as rich people. We should not be jealous of rich people who can win a lot of money because that is the difference between us and them. The important thing is that we don't take gambling too seriously and just as entertainment so that we don't experience big losses. We must be wise in approaching gambling so we can gamble comfortably even if we can't win today. There are still many other days for us to gamble, and we might also win. And as long as we can limit ourselves to gambling, we will be fine.
It is a common thing that rich people gamble more and because they have enough money, they continue to gamble for a long time, so their win and loss are more. The more you gamble the more you win and the more you lose. And rich people have a great desire to own a lot of money and they are not afraid of loss. As the saying goes no risk no gain. So the more risk you take, the higher your win will be. And the rich have the ability to take that risk so they win more than the poor



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Rainbot
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December 28, 2023, 02:56:26 PM
 #417

It is a common thing that rich people gamble more and because they have enough money, they continue to gamble for a long time, so their win and loss are more. The more you gamble the more you win and the more you lose. And rich people have a great desire to own a lot of money and they are not afraid of loss. As the saying goes no risk no gain. So the more risk you take, the higher your win will be. And the rich have the ability to take that risk so they win more than the poor
If quantity is used definitely the rich people can likely gain in profit in gambling than the poor and they will also likely suffer loss the most. But if comparing this, I think percentage supposed to be used. Let us say a rich man gamble with $100000 but an average gamble with $1000 in a year. The rich man won $40000 but lost $120000. The net won is just $20000 but with $80000 loss. What if the poor lost the whole $1000 and won $100 making it $900 loss. Who lost the most? We can say the rich man won and lost in gambling than the the poor. But I think the rich people make gambling sites richer is more appropriate words to use.

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December 28, 2023, 03:26:51 PM
 #418

Rich people wins big amount of money if they put their big bet and win.  But they don't mind if they will win or not cause all they want is to have fun in gambling they don't take gambling seriously aiming for profits. And yes we can not deny the fact that Rich people will win big amounts but we must also remember that they will loss bigger amounts too. While poor gambler all they want is to win in order to put again their bet .
Most people forget if it was just a number, in gambling win is temporary while lose is forever. I mean if you gamble for 10 days, you win for 3 days, but you lose for 7 days, so in the end you're in lose.

When the high roller post their winnings, the amount is really big and it could change someone else life, unfortunately for the high roller, such amount might just a peanut or an amount that they afford to lose.

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IvugeoEvolutionCoin
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December 28, 2023, 04:40:33 PM
 #419

The rich people source of income are not gambling, they are only having fun with gambling, but the poor are not having fun with gambling but to to win is what they want. Which means the rich people are not desperate when it comes to gambling unlike the poor that want to hit a jackpot.
Rich people wins big amount of money if they put their big bet and win.  But they don't mind if they will win or not cause all they want is to have fun in gambling they don't take gambling seriously aiming for profits. And yes we can not deny the fact that Rich people will win big amounts but we must also remember that they will loss bigger amounts too. While poor gambler all they want is to win in order to put again their bet .
No one can predict who will win in gambling. But rich people gamble more and sometimes they win and sometimes they lose.  Gambling has to lose all the money sometimes. There is a lot of difference between rich people and poor people in gambling like a rich person will dare to take big risk. A poor person will think many times to take big risk.

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December 28, 2023, 04:49:08 PM
 #420

I believe rich winning more is not only about budget. Budget may influence amount of money you are winning through gambling but it will not increase how many games you are winning. In my opinion rich has very relaxed and also wise take on money so they are open to different schemes with their money. Poor people mostly worry about money they lose so gambling can be very scary for them. Rich people know it lot better in summary. Rich mindset should definitely be understood.
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