Why the rich win gambling more than the poor.

[Natsuu]

The rich win more at gambling than the poor for several reasons. First, the rich have more disposable income to spend on gambling in the first place, so they can afford to place larger bets and play more often.

In addition to this. The money they put in is almost insignificant to them. That they don't even care if they lose it all in one go. Which means, they are less likely to be pressured to be making money. They were just there to enjoy. If they are just enjoying, they won't be focusing on money so there's little to no attack for with in terms of greed or fear losing money. Because again they have a lot of reserved cash. I believe that's their biggest advantage.

In terms of probability yes it is 50/50 between rich and poor. But psychologically, rich people have a bit more of an advantage.

[AnonBitCoiner]

You can be rich and yet don't know how to predict a better game will still end up loosing your money, it true that that if you are rich and still know how to predict game you will have a higher chance of winning maybe by playing 3 odd with a huge amount of money rather than playing 200 odd  with low amount of cash.

People who are rich can utilize huge sums of money so if they bet by using huge amounts so obviously they will win huge sum and other thing is that if they lose such amount they can afford that amount and can recover back after a single win with a huge amount.

Poor people do not have enough money so if they utilize little amount their loss or win will also be little but rich people can get huge sum with huge utilization of money for the bet. And another thing is that it is a matter of luck so if you are lucky you will win otherwise your every bet will go wrong.

[nara1892]

The rich win more at gambling than the poor for several reasons. First, the rich have more disposable income to spend on gambling in the first place, so they can afford to place larger bets and play more often.

In addition to this. The money they put in is almost insignificant to them. That they don't even care if they lose it all in one go. Which means, they are less likely to be pressured to be making money. They were just there to enjoy. If they are just enjoying, they won't be focusing on money so there's little to no attack for with in terms of greed or fear losing money. Because again they have a lot of reserved cash. I believe that's their biggest advantage.

In terms of probability yes it is 50/50 between rich and poor. But psychologically, rich people have a bit more of an advantage.

I understand what you mean above which means that rich people do not have the intention and purpose to earn in gambling and they come only to seek entertainment to fill their free time full of boredom, when someone gambles without having the intention to earn then it makes sense to say that they will not feel too worried when they lose, but on the other hand in my opinion still even if you are a rich person who has a lot of money to bet in the end you still have to have a limit on the amount of budget allocated. because no matter how small the loss is if it happens very often then of course the amount will definitely grow slowly, so there is always a possibility for you to experience a large amount of money loss that can make you bankrupt regardless of whether you are rich or rich, Because no matter how and how small the loss is if it happens very often then of course the amount will definitely grow slowly, so there is always a possibility for you to experience a large amount of money loss that can make you bankrupt regardless of whether you are rich or poor, so in the end rich or poor are always advised to have a lot of restrictions when they are involved in gambling, because it is a fact that rich people only have strength in terms of finance but if we talk about the chances of winning and the possibility of losing then yes just like the poor and the difference may only be in terms of the amount.

[348Judah]

I have never seen a statistic that says the poor win lesser to the rate at which the rich gamblers are making winnings, we don't even have a data to differentiate the numbers of the poor gambling to that of the rich gamblers, all we know is that people are gambling and are winning as well as loosing, and this is not because of their Finacial status or background, everyone has equal right and ability to either fall under the same category with other gamblers for loosing or winning.

[Zanab247]

I have never seen a statistic that says the poor win lesser to the rate at which the rich gamblers are making winnings, we don't even have a data to differentiate the numbers of the poor gambling to that of the rich gamblers, all we know is that people are gambling and are winning as well as loosing, and this is not because of their Finacial status or background, everyone has equal right and ability to either fall under the same category with other gamblers for loosing or winning.

I don't think gambling recognizes rich gambler and poor  in winning or losing, because sometimes poor gambler can win from the gambling and rich gambler can loss sometimes but that one doesn't mean because they are rich or poor that make them to experience such result in the gambling center.

You can't see the number in the casino gambling, but very easy to recognize in the physical betting center because you can use the amount of money gambler will use to start gambling through out the day to know if the person is rich or not, which you can only see small amount of money from the poor gambler to gamble in some minutes to stop from the day.

If your time to win come, it will not know whether you are poor or rich because gambling come by luck which is what is sustaining gamblers in the gambling.

[nullama]

I have never seen a statistic that says the poor win lesser to the rate at which the rich gamblers are making winnings, we don't even have a data to differentiate the numbers of the poor gambling to that of the rich gamblers, all we know is that people are gambling and are winning as well as loosing, and this is not because of their Finacial status or background, everyone has equal right and ability to either fall under the same category with other gamblers for loosing or winning.

You are spot on.

The amount of money that someone bets has nothing to do with the probabilities of winning.

It's just a "multiplier".

Basically the odds are set to a specific number, with advantage to the casino, and then the gambler put the money there. It doesn't matter how much, the odds are the same.

[G_Besar]

You can be rich and yet don't know how to predict a better game will still end up loosing your money, it true that that if you are rich and still know how to predict game you will have a higher chance of winning maybe by playing 3 odd with a huge amount of money rather than playing 200 odd  with low amount of cash.

Rich people have more money to try in any game than poor people, so rich people are more dominant in winning than poor people, who when their money runs out due to losing they will choose to stop and come back again when they have money. This means that rich people can also lose more even though they can also win because they have more capital, but they do not perceive more losses as an obstacle to winning. Because when rich people can win in a game, of course the losses they have experienced before are at least somewhat covered, although not all of them are covered.

[Dewi Aries]

I have never seen a statistic that says the poor win lesser to the rate at which the rich gamblers are making winnings, we don't even have a data to differentiate the numbers of the poor gambling to that of the rich gamblers, all we know is that people are gambling and are winning as well as loosing, and this is not because of their Finacial status or background, everyone has equal right and ability to either fall under the same category with other gamblers for loosing or winning.

You are spot on.

The amount of money that someone bets has nothing to do with the probabilities of winning.

It's just a "multiplier".

Basically the odds are set to a specific number, with advantage to the casino, and then the gambler put the money there. It doesn't matter how much, the odds are the same.

Exactly, no matter how much money you gamble it is a fact to say as you have said above that it does not affect the outcome at the end of the gambling session, or what it means is that gambling is still gambling where every gambler will always have two possibilities at the end of the session which is between winning or losing and winning does not depend on how much money you bet but only depends on how lucky you are at the time of running the session.

This means that the possibility of losing is always a certainty, you can win big with a big stake but it is also very likely that you will lose and lose that big stake. And this is why it is always advisable to only put small amounts into gambling because after all there is absolutely nothing that can guarantee that you will win at the end of the session except luck, but it is a fact that luck can never be known when it comes.

[Uhwuchukwu53]

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.

What happened is that the Rich don't engage much for instance gambling like that of odd the select few game and stake with bigger amount that give them something tangible at the end of t of any win but the case of poor gambler it's required of the person to choose as many odd to get tangible odd that can give reasonable amount, that is where greed control come into play the both can be of loss but the Rich control it because the more the game gamble the more likely loss is to occurred. Though this can be assumption but there some reality Factor even when there is no statistics table to show beside base on the nature of poor gambler complain is more in the society than that of the rich it shows the rich get more edge of control than the poor, not as design but by financial management and control of greedy why engaging on gambling

[adpinbr]

Yes to me I do understand that the rich have more chances of playing more and more when they lose they still have some money to dream more and more games have just a few chances of playing after with what they have become afraid of losing the slowdown why the rich continues at last the rich wins that they have more about it it’s just that they level by the poor can give up and gambling because of financial strength to which can give up that way it’s all depends on it

[stomachgrowls]

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.

What happened is that the Rich don't engage much for instance gambling like that of odd the select few game and stake with bigger amount that give them something tangible at the end of t of any win but the case of poor gambler it's required of the person to choose as many odd to get tangible odd that can give reasonable amount, that is where greed control come into play the both can be of loss but the Rich control it because the more the game gamble the more likely loss is to occurred. Though this can be assumption but there some reality Factor even when there is no statistics table to show beside base on the nature of poor gambler complain is more in the society than that of the rich it shows the rich get more edge of control than the poor, not as design but by financial management and control of greedy why engaging on gambling

If you are someone who doesnt have that big capital then for sure you would really be making out those kind of adjustments on which you would really be minding about the difference when it comes to odds or whatsoever numbers and variations on which this is something that those rich people wont really be minding that much just because they do have that huge bankroll then they could immediately making out those bets
or rolls without minding that much about those multipliers. The main differences on here is on the duration on which poor people would be having that shorter duration considering that bankroll isnt really just that too big  for them to play on and this is why on the time that they would bust up then that would be a completel stop whereas it would be different on rich people.

It would be understandable that when it comes to potential winning then rich people would really be having that advantage which is common sense and understandable.
But come to think that the potential loses too would really be that also bigger compared into those poor ones. So it is really just that balance about on risks factor.

[nullama]

Yes to me I do understand that the rich have more chances of playing more and more when they lose they still have some money to dream more and more games have just a few chances of playing after with what they have become afraid of losing the slowdown why the rich continues at last the rich wins that they have more about it it’s just that they level by the poor can give up and gambling because of financial strength to which can give up that way it’s all depends on it

The thing is that you can always bet more every time.

That means that a poor person can bet say $10 a time, but a rich person might bet $1,000 every bet.

This basically means that both might end up stopping after the same amount of bets.

They won't have more money to bet, but they probably spent the same amount of time there.

[Onyeeze]

I have never seen a statistic that says the poor win lesser to the rate at which the rich gamblers are making winnings, we don't even have a data to differentiate the numbers of the poor gambling to that of the rich gamblers, all we know is that people are gambling and are winning as well as loosing, and this is not because of their Finacial status or background, everyone has equal right and ability to either fall under the same category with other gamblers for loosing or winning.

I still there emphasize on this point that a gambling is all about opportunity and the log and the no one will tell me that for you to gamble win in gambling that you must be a rich person there is no differentiation between a poor person and a rich person to gamble and win because gambling is a something of a risk that the involve both opportunity lock and way you predict your game so I've not seen a rich person win gambling more than a purpose, like no statistics that prove such that rich person will win in gambling more than the poor person that point is not ideal or is not welcomed to me

[klidex]

In addition to this. The money they put in is almost insignificant to them. That they don't even care if they lose it all in one go. Which means, they are less likely to be pressured to be making money. They were just there to enjoy. If they are just enjoying, they won't be focusing on money so there's little to no attack for with in terms of greed or fear losing money. Because again they have a lot of reserved cash. I believe that's their biggest advantage.

In terms of probability yes it is 50/50 between rich and poor. But psychologically, rich people have a bit more of an advantage.

Yup, that's right, that's why rich people win more often than poor people because they gamble more often, maybe actually rich people experience more losses than they win but they don't care about that, their wins don't mean anything because they play it for fun, maybe other people judge people Rich people win more often, but in reality we never know how much money they have spent gambling and having fun, while poor people hope to get luck so they can change their fate and become rich. Poor people have limited finances, so they lose they experience will be very painful.

Meanwhile, rich people still have running assets so even if they lose they can still gamble without worrying that they will go bankrupt, the most important thing is that they still have a business that makes more money every day and more than the amount they spend every day to gamble. If their business bankrupt and financially disturbed while gambling remains uncontrolled then it can affect their life, so it all depends on their individual attitude how they use gambling.

[bakasabo]

I dont agree that rich win more in gambling. I think people have such wrong vision, because large bets and wins got stuck in people's memory for a longer time, and people dont notice small wins. People would remember and pay more attention to "a guy won a million with single bet". But they dont pay attention to details. What if that guy bet 999,099 dollars with 1.01 odd. People wont pay attention to a guy won 100 dollars. When his story might be hundred $1 bets won in a row. People remember big numbers only. In reality, they have almost identical win ratio, but their difference is in bet size only.

[jcojci]

I dont agree that rich win more in gambling. I think people have such wrong vision, because large bets and wins got stuck in people's memory for a longer time, and people dont notice small wins. People would remember and pay more attention to "a guy won a million with single bet". But they dont pay attention to details. What if that guy bet 999,099 dollars with 1.01 odd. People wont pay attention to a guy won 100 dollars. When his story might be hundred $1 bets won in a row. People remember big numbers only. In reality, they have almost identical win ratio, but their difference is in bet size only.

Yes, that's true because, in gambling, anyone can win, whether rich or poor. But we might agree that rich people can gamble with more money than poor people. We have seen several people who can win a lot of money using one small bet to become rich people in their area. But rich people may be able to win a lot of money because they can bet using more money. However, the opportunity to win will still be open to anyone, whether rich or poor. We can only keep trying to gamble but still have to pay attention to how much money we can use to gamble.

[piebeyb]

I have never seen a statistic that says the poor win lesser to the rate at which the rich gamblers are making winnings, we don't even have a data to differentiate the numbers of the poor gambling to that of the rich gamblers, all we know is that people are gambling and are winning as well as loosing, and this is not because of their Finacial status or background, everyone has equal right and ability to either fall under the same category with other gamblers for loosing or winning.

you are right that there are no statistics like that, maybe the OP is a poor gambler so he often loses. He might also compare what he saw a rich streamer and influencer gambling with big bets and then they win big, that's why maybe the OP said that Rich gamblers win more, even though influencers and streamers actually bet big money because it is funded by casinos that collaborate with casinos so that every game played will be easy for streamers and influencers to win because everything has been arranged as part of the campaign.

Even though rich gamblers never gamble like poor gamblers who usually play all the time, most rich gamblers only play at certain times and even with money they are ready to lose so they know when to gamble and stop gambling, so OP could see when they they win and they don't when they lose, after all, rich or poor gamblers are all the same who have won and have experienced defeat, it's just that most rich gamblers see gambling as just entertainment, which is different from poor gamblers who always think of gambling as a place to make money, that's why they often gamble in gambling hoping to win.

[mvdheuvel1983]

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

The rich gamble with more money and a little odd, like you said they understand financial management more, they Believe that a lesser odd and higher stake has more tendency of generating profit in gambling, it is not as if they don't lose funds in gambling, they try as much as possible not to engage in a high risk of making impossible selection.
Let's not forget that they rich sees gambling as a pure business that needs more carefulness to make profit thats why they chose to gamble differently from people, a poor man wants to win millions with a little stake and several selections which is impossible, another thing is that rich people dont gamble all the time, they target odds and games before they can gamble.

[swogerino]

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

The rich gamble with more money and a little odd, like you said they understand financial management more, they Believe that a lesser odd and higher stake has more tendency of generating profit in gambling, it is not as if they don't lose funds in gambling, they try as much as possible not to engage in a high risk of making impossible selection.
Let's not forget that they rich sees gambling as a pure business that needs more carefulness to make profit thats why they chose to gamble differently from people, a poor man wants to win millions with a little stake and several selections which is impossible, another thing is that rich people dont gamble all the time, they target odds and games before they can gamble.

There is a simple reason why rich usually are more successful in gambling but not always,that is because they have much more balance than the poor,the longer they play the higher the chances of hitting something nice while the poor cannot afford to play that long,let me make an example here,one poor man has 100 dollar budget and play with 1 dollar bet and a rich one has 10.000 dollars budget and play with 10 dollar bet,of course the chances to be more successful are in the rich one as one big multiplier is not the same as with 1 dollar bet.

[bounceback]

I dont agree that rich win more in gambling. I think people have such wrong vision, because large bets and wins got stuck in people's memory for a longer time, and people dont notice small wins. People would remember and pay more attention to "a guy won a million with single bet". But they dont pay attention to details. What if that guy bet 999,099 dollars with 1.01 odd. People wont pay attention to a guy won 100 dollars. When his story might be hundred $1 bets won in a row. People remember big numbers only. In reality, they have almost identical win ratio, but their difference is in bet size only.

Yes, that's true because, in gambling, anyone can win, whether rich or poor. But we might agree that rich people can gamble with more money than poor people. We have seen several people who can win a lot of money using one small bet to become rich people in their area. But rich people may be able to win a lot of money because they can bet using more money. However, the opportunity to win will still be open to anyone, whether rich or poor. We can only keep trying to gamble but still have to pay attention to how much money we can use to gamble.

Yes, in gambling anyone has the opportunity to win a bet, but why do many people say that rich people can win more than poor people, even though in fact this does not mean that poor gamblers always lose at gambling, but usually if poor gamblers win, they will use their winnings? to double the bet with the aim of getting an even bigger win so that in the end you have to lose the winnings that have been obtained previously and leave the game empty-handed, so it will appear that poor gamblers cannot win bets in gambling.