Why the rich win gambling more than the poor.

[Dr.Bitcoin_Strange]

Of course you can have a bit of fun while doing so, and having a tiny chance of making money, but if you gamble all your money, you will most probably end up poor, or worse.

People who lack proper knowledge of gambling are the ones that is supposed to make such mistake of spending all their money in gambling before they can realize their self but it's bad to see experienced gamblers making such mistake.
Poor people gambling with the little amount they can afford to lose and sometimes they end doing this similar mistake of staking all the money they had which will take a lot of time before they can get it back but the rich people usually have more source of income and they can usually gamble often because they have more money and even if they lose the one they had they can quickly get it back on like the poor.

Rich gamblers can also lose all their money as well as poor gamblers since they put a lot more on the line than poor gamblers. If a poor gambler can afford to put on the line $1, a rich gambler can put on the line $1000, or even more. In my opinion, it is wrong to compare which of them is more risky, because each of them has its own risk management depending on the financial situation. Besides, experience and luck have nothing to do with financial status. There are irresponsible gamblers among both poor and rich people.

Well, judging by the OP, why do the rich win more? The rich don't really have any special luck to win more compared to the poor gamblers, but the slime difference in that case is that rich gamblers always have the money to gamble continuously, and they can also stake a huge amount, which if they win, is going to give them a huge profit. But for most of the poor gamblers, they don't gamble all the time because of how small their pocket size is, and even when they are gambling, they play with a smaller amount than that of the rich. 

You have already specified that the rich people can stake a huge amount more than the poor gamblers, but their losses are usually huge too, so the poor gambler will only lose the small amount they have staked. 

[maydna]

Rich gamblers can also lose all their money as well as poor gamblers since they put a lot more on the line than poor gamblers. If a poor gambler can afford to put on the line $1, a rich gambler can put on the line $1000, or even more. In my opinion, it is wrong to compare which of them is more risky, because each of them has its own risk management depending on the financial situation. Besides, experience and luck have nothing to do with financial status. There are irresponsible gamblers among both poor and rich people.

No doubt for that because every people, rich or poor gamblers can lose all of their money if they risks much money to playing gambling. But if they can realizes that playing gambling is just for fun, they will not risks much money and always use limitation to playing gambling. They know that risking too much money can makes them lose all of their money and that's why they must use self control. Maybe rich people can wins much money than the poor but they can't always wins or too often wins in gambling games. That's why we don't use too much money to playing gambling because that can attracts us to use more and more money without knowing when to stops gambling.

[$crypto$]

I don’t think the rich do win when gambling more often than poor people do. When rich people do win, they probably win more money than poor people do but that’s because they bet with higher stakes.

What they won’t tell you is that they lose more money than poor people do, because they are betting with higher stakes.

I don’t think rich people win more often than poor people do at all.

High stakes will be more satisfied with high winnings and this can be done by rich people where they have a lot of spare money in their accounts. So the rich will continue to increase their bets as they see their potential winnings at their disposal.

While poor people with low stakes winnings will not be big if they win the maximum it is only a little or you can say nuts by the rich, but in gambling the higher the bet the more often you lose and it is not much different from small bets.

So I prefer to see rich people betting, they don't seem to have the burden of spending money.

[Shamm]

I don’t think the rich do win when gambling more often than poor people do. When rich people do win, they probably win more money than poor people do but that’s because they bet with higher stakes.

What they won’t tell you is that they lose more money than poor people do, because they are betting with higher stakes.

I don’t think rich people win more often than poor people do at all.

High stakes will be more satisfied with high winnings and this can be done by rich people where they have a lot of spare money in their accounts. So the rich will continue to increase their bets as they see their potential winnings at their disposal.

While poor people with low stakes winnings will not be big if they win the maximum it is only a little or you can say nuts by the rich, but in gambling the higher the bet the more often you lose and it is not much different from small bets.

So I prefer to see rich people betting, they don't seem to have the burden of spending money.

Yes you are right that mate  and based on what we saw rich gamblers can do what they want to do especially in terms of betting. If they know that they are too lucky then they cab increase their bet and also their winning amount is increasing too and that's the reason why rich gamblers can win a large amount of money. While poor gambler their money is limited so if they gonna double their bet then there's a chance that they will loss a lot as they can not sustain the their bankroll.

[RockBell]

Rich gamblers can also lose all their money as well as poor gamblers since they put a lot more on the line than poor gamblers. If a poor gambler can afford to put on the line $1, a rich gambler can put on the line $1000, or even more. In my opinion, it is wrong to compare which of them is more risky, because each of them has its own risk management depending on the financial situation. Besides, experience and luck have nothing to do with financial status. There are irresponsible gamblers among both poor and rich people.

No bother is excepted from the risk that gambling comes with, but if you do your analysis very well you know that the rich are smart and you hardly see rich people who rely on gambling they gamble occasionally compared to poor people who gamble every day and they only start from small money then they will follow it up with big money. and the problem is sometimes you can not control people greed so it is based on the individual but the rich is better than than the poor, poor or average person will always look at the potential win and not consider risk all they want is win and the majority of them will not even use the money for something reasonable and the rich prefer casinos that is were you see rich people with there gang wasting coins and money but they have nothing to lose since they have other investment and as they are gambling they are having business discussions with there gang so see the difference.

No doubt for that because every people, rich or poor gamblers can lose all of their money if they risks much money to playing gambling. But if they can realizes that playing gambling is just for fun, they will not risks much money and always use limitation to playing gambling. They know that risking too much money can makes them lose all of their money and that's why they must use self control. Maybe rich people can wins much money than the poor but they can't always wins or too often wins in gambling games. That's why we don't use too much money to playing gambling because that can attracts us to use more and more money without knowing when to stops gambling.

No argument that they can not lose their money but the chances of losing money are the poor are more of the victims than the rich the rich don't gamble every day they are always busy attending other business meetings and more compared to a poor person looking for ways to make more money. and we are getting on the same page that gambling is played by the rich for fun i can accept. and we know how wealthy people are with money management and if you look at it if they eventually gamble they have a reason it might be that they have a meeting with a friend who loves gambling so that can make they gamble just to make more deeps and that is why you see a lot of them in tennis clubs and casinos.

[Bravut]

Even the stigmatization of the poor is now in gambling, am not bais but I remain on the truth which is everyone have a levelled ground when it comes to gambling. Before I will agree with you OP, you will show me the report or statistics that backs your point, you can use your sense of judgement to bring to conclusion even in your observation. The rich loss too, both rich and poor loss and win, if the rich are separate then they shouldn't do what the poor do which is gambling, moreover true rich men don't Gamble.

Pathetic topic, have we not seen a poor man that won a jackpot and his life change why wasn't it fhw rich man,lol. I haven't observe that like you, OP.

[Litzki1990]

Of course you can have a bit of fun while doing so, and having a tiny chance of making money, but if you gamble all your money, you will most probably end up poor, or worse.

People who lack proper knowledge of gambling are the ones that is supposed to make such mistake of spending all their money in gambling before they can realize their self but it's bad to see experienced gamblers making such mistake.
Poor people gambling with the little amount they can afford to lose and sometimes they end doing this similar mistake of staking all the money they had which will take a lot of time before they can get it back but the rich people usually have more source of income and they can usually gamble often because they have more money and even if they lose the one they had they can quickly get it back on like the poor.

There is a lot of difference between a rich person and a poor person when it comes to finances. It is very difficult for a poor person to earn money then it is more difficult for him if he gambles and if he has to continue gambling regularly. On the other hand, a rich person who has sufficient financial solvency will definitely take more risk in gambling than a poor person because if he loses the gambling game, he will not have any difficulty in managing the gambling money later. However, gambling is not only about having a large amount of money, besides having money, the gambler needs to have proper knowledge about gambling. When a gambler gambles responsibly, he will be more likely to win by applying his skills than by losing money on his gambling. So a gambler must gamble by applying skill.

[CryptoHeadlineNews]

Well, judging by the OP, why do the rich win more? The rich don't really have any special luck to win more compared to the poor gamblers, but the slime difference in that case is that rich gamblers always have the money to gamble continuously, and they can also stake a huge amount, which if they win, is going to give them a huge profit. But for most of the poor gamblers, they don't gamble all the time because of how small their pocket size is, and even when they are gambling, they play with a smaller amount than that of the rich. 

You have already specified that the rich people can stake a huge amount more than the poor gamblers, but their losses are usually huge too, so the poor gambler will only lose the small amount they have staked. 

Weather the staked amount was huge or not, infact if you could properly examined, it could be the exact amount both social class were able to afford to lose while gambling, because just as the $1 been staked by a poor man is likely to probably be 1-10% of his capital, likewise, so will the $1000 been staked by a rich man also be 1-10% of his investment capital. Hence, judging their winning capacity according to their social class is never the best approach, because just as we have got good poor gamblers, so do we also have good rich gamblers, and it also goes vice-versa in terms of bad gamblers too.

[hyudien]

High stakes will be more satisfied with high winnings and this can be done by rich people where they have a lot of spare money in their accounts. So the rich will continue to increase their bets as they see their potential winnings at their disposal.

While poor people with low stakes winnings will not be big if they win the maximum it is only a little or you can say nuts by the rich, but in gambling the higher the bet the more often you lose and it is not much different from small bets.

So I prefer to see rich people betting, they don't seem to have the burden of spending money.

That's right, with those who have a lot of spare money or are rich people, of course they will gamble with high bets because when they get lucky, such as a multiplier or something else, it can make them feel more satisfied, which is also possible because they are rich people. have a lot of money in their accounts, they don't hesitate to place bets, even with high betting amounts, they are not afraid of losing or losing money, but that's how it should be. People who gamble must of course be prepared to lose or lose the money they bet. and this is not only for rich people, of course even for poor people they must be prepared to lose or lose money by gambling.
with poor people who gamble, of course their goal in gambling is to double their money in the hope of getting a win that can make them have a large amount of money, therefore they are not ready to lose or lose the money they bet on. and maybe every round can make them tense. In fact, there is no difference in whether the bet amount is high or low, but perhaps the difference lies in each individual's perception.

[Gaza13]

I think it's because of the way they gamble, the richer have less to worry about and they gamble based on what they know, they pick few games and stake high on it, that's how they gamble, less risk and high stake, but the poor can't afford that strategy or wait for so long trying to multiple their money si instead they would put all their problems in one long slip that has a 1000 odds and woudl most likely not play out and stake small and at times to even out their chance of winning they would have multiple tickets and stake so much little amounts on all of them.

I can recall a man on my street that usually is seen with so many bets slips and all of them are so long, he woudl pick up draws in one slip and wins in another slip and over 2.5 in another, and that's how he woudl give each selection one slip  till he has so many slips on his hands and worse of all I've never heard of him winning before.

Feelings of anxiety or worry about losing money will always exist in every gambler, whether poor or rich, how can rich gamblers not be too worried about their losses? Are you saying that betting higher is less risky for rich gamblers? The casino will not favor poor or rich in the risks of playing, I think everything is applied fairly. Do you mean that poor gamblers are unable to implement strategies in playing and multiplying their money over a long period of time? I think every gambler of any class must have a strategy in playing and this is only a nominal matter in my opinion. Every gambler who experiences defeat will definitely have an impact on himself.

[madnessteat]

Rich gamblers can also lose all their money as well as poor gamblers since they put a lot more on the line than poor gamblers. If a poor gambler can afford to put on the line $1, a rich gambler can put on the line $1000, or even more. In my opinion, it is wrong to compare which of them is more risky, because each of them has its own risk management depending on the financial situation. Besides, experience and luck have nothing to do with financial status. There are irresponsible gamblers among both poor and rich people.

No bother is excepted from the risk that gambling comes with, but if you do your analysis very well you know that the rich are smart and you hardly see rich people who rely on gambling they gamble occasionally compared to poor people who gamble every day and they only start from small money then they will follow it up with big money. and the problem is sometimes you can not control people greed so it is based on the individual but the rich is better than than the poor, poor or average person will always look at the potential win and not consider risk all they want is win and the majority of them will not even use the money for something reasonable and the rich prefer casinos that is were you see rich people with there gang wasting coins and money but they have nothing to lose since they have other investment and as they are gambling they are having business discussions with there gang so see the difference.

Wealth comes in different ways, so a large amount of money in the purse does not indicate a person's intelligence! To understand this it is enough to compare two gamblers: a university professor, who teaches all his life, receives a small salary, which is almost all spent on paying the mortgage, utilities, food and education for his children and a young guy-millionaire, whose father works in the government and is involved in corruption schemes. They can both gamble and enjoy it and I don't think it's right to judge their intelligence by the numbers on their bank card account.

[Jody.Drummer]

People who lack proper knowledge of gambling are the ones that is supposed to make such mistake of spending all their money in gambling before they can realize their self but it's bad to see experienced gamblers making such mistake.
Poor people gambling with the little amount they can afford to lose and sometimes they end doing this similar mistake of staking all the money they had which will take a lot of time before they can get it back but the rich people usually have more source of income and they can usually gamble often because they have more money and even if they lose the one they had they can quickly get it back on like the poor.

Rich gamblers can also lose all their money as well as poor gamblers since they put a lot more on the line than poor gamblers. If a poor gambler can afford to put on the line $1, a rich gambler can put on the line $1000, or even more. In my opinion, it is wrong to compare which of them is more risky, because each of them has its own risk management depending on the financial situation. Besides, experience and luck have nothing to do with financial status. There are irresponsible gamblers among both poor and rich people.

Exactly, we agree on this issue, friend, because after all we will not be able to compare or say that rich gamblers can win more often than poor gamblers, because after all gambling will always be a risky activity regardless of a gambler's financial condition. in his life, or the point is as you said that rich gamblers can lose and poor gamblers can also obviously lose, meaning that anyone who is involved in gambling will still have two possibilities at the end of the session between winning and losing.

But perhaps the difference is only in terms of amount because it is clear that the amount of budget that is bet by rich people is much larger than that of poor people, which makes the amount of winning and the possibility of losing also definitely different, but it is a fact that the amount of budget that is at stake is absolutely impossible. It is a guarantee that you will be able to win, but in the end victory will only come when you are lucky, regardless of your financial situation.

[maydna]

~snip~

No argument that they can not lose their money but the chances of losing money are the poor are more of the victims than the rich the rich don't gamble every day they are always busy attending other business meetings and more compared to a poor person looking for ways to make more money. and we are getting on the same page that gambling is played by the rich for fun i can accept. and we know how wealthy people are with money management and if you look at it if they eventually gamble they have a reason it might be that they have a meeting with a friend who loves gambling so that can make they gamble just to make more deeps and that is why you see a lot of them in tennis clubs and casinos.

Poor gamblers must have a good control when they playing gambling to prevents the more losses because they don't have much money to gambling. They must realizes that they can't playing gambling like other people or even rich gamblers and they have a big limitation which is money. They can only use gambling for fun and not chase anything because that can makes them lose their money. However, they must be carefully when playing gambling than rich people. But rich and poor gamblers will have the same chance to win although the rich gamblers can wins much money because they can bet using big money.

[Dr.Bitcoin_Strange]

There is a lot of difference between a rich person and a poor person when it comes to finances. It is very difficult for a poor person to earn money then it is more difficult for him if he gambles and if he has to continue gambling regularly. On the other hand, a rich person who has sufficient financial solvency will definitely take more risk in gambling than a poor person because if he loses the gambling game, he will not have any difficulty in managing the gambling money later. However, gambling is not only about having a large amount of money, besides having money, the gambler needs to have proper knowledge about gambling. When a gambler gambles responsibly, he will be more likely to win by applying his skills than by losing money on his gambling. So a gambler must gamble by applying skill.

Even if a gambler applies his skills like you mentioned, he will still have to get lucky to be able to win. I said before that skills or gambling strategies don't make you win all the time, although they can give you a better chance to win but if you are not lucky, then you can still lose. The rich have the privilege to stake a huge amount, and if they get lucky, they will win a huge amount, but the poor stake a low amount and also win a low price, unlike the rich, who get a huge win when they stake a huge amount. 

[DaNNy001]

~snip~

No argument that they can not lose their money but the chances of losing money are the poor are more of the victims than the rich the rich don't gamble every day they are always busy attending other business meetings and more compared to a poor person looking for ways to make more money. and we are getting on the same page that gambling is played by the rich for fun i can accept. and we know how wealthy people are with money management and if you look at it if they eventually gamble they have a reason it might be that they have a meeting with a friend who loves gambling so that can make they gamble just to make more deeps and that is why you see a lot of them in tennis clubs and casinos.

Poor gamblers must have a good control when they playing gambling to prevents the more losses because they don't have much money to gambling. They must realizes that they can't playing gambling like other people or even rich gamblers and they have a big limitation which is money. They can only use gambling for fun and not chase anything because that can makes them lose their money. However, they must be carefully when playing gambling than rich people. But rich and poor gamblers will have the same chance to win although the rich gamblers can wins much money because they can bet using big money.

Why is that everyone always talks about the winning only or are forgetful of the fact that the same way a gambler can win massively that's the same way a gambler can also lose massively. Whether rich or poor gamblers, they should always be an understanding that in gambling you only gambling what you can afford to lose and we all know the world today no one is equal in terms of their respective earnings and thats why the stake difference between games is also there, if someone can gambler and lose a 100$ and it won't affect him then we are safe to call it their conform zone but if that lost of 100$ will affect you then gambling with such amount is never going to lead you to anyway.

[Dewi Aries]

Poor gamblers must have a good control when they playing gambling to prevents the more losses because they don't have much money to gambling. They must realizes that they can't playing gambling like other people or even rich gamblers and they have a big limitation which is money. They can only use gambling for fun and not chase anything because that can makes them lose their money. However, they must be carefully when playing gambling than rich people. But rich and poor gamblers will have the same chance to win although the rich gamblers can wins much money because they can bet using big money.

Why is that everyone always talks about the winning only or are forgetful of the fact that the same way a gambler can win massively that's the same way a gambler can also lose massively. Whether rich or poor gamblers, they should always be an understanding that in gambling you only gambling what you can afford to lose and we all know the world today no one is equal in terms of their respective earnings and thats why the stake difference between games is also there, if someone can gambler and lose a 100$ and it won't affect him then we are safe to call it their conform zone but if that lost of 100$ will affect you then gambling with such amount is never going to lead you to anyway.

Yes everyone always talks about winning in gambling, sometimes it is not uncommon for people to show off the results of their winnings to other people, especially to some of their closest people, such as friends, even though in fact the winnings are nothing more than just luck that came at the right time, but sometimes people - the person who showed it off said to others that it was the result of his greatness haha ridiculous. And yes, as you said and it is true, there are also some gamblers who say or believe that if a method works for other people, it will also work for them, even though it is clear that whatever method you use in gambling, it only helps increase your chances, but In no way can you guarantee or guarantee that you will also win like other people.

On the other hand, it is a fact that in gambling there is absolutely no difference between rich people and poor people in terms of opportunities and possibilities, the only difference is in terms of the number of wins and the number of losses because of course the bets of rich people are greater than those of poor people, but for the problem of chance and possibility remains the same, in the sense that rich people can win big but they can also lose big. What this means is that when you are involved in gambling then you must have the right mindset, and don't think about gambling by risking larger amounts like rich people do because it won't change the odds at all, and also set a plan to only gamble with an amount you can afford to lose regardless of whether you are rich or poor.

[DaNNy001]

Poor gamblers must have a good control when they playing gambling to prevents the more losses because they don't have much money to gambling. They must realizes that they can't playing gambling like other people or even rich gamblers and they have a big limitation which is money. They can only use gambling for fun and not chase anything because that can makes them lose their money. However, they must be carefully when playing gambling than rich people. But rich and poor gamblers will have the same chance to win although the rich gamblers can wins much money because they can bet using big money.

Why is that everyone always talks about the winning only or are forgetful of the fact that the same way a gambler can win massively that's the same way a gambler can also lose massively. Whether rich or poor gamblers, they should always be an understanding that in gambling you only gambling what you can afford to lose and we all know the world today no one is equal in terms of their respective earnings and thats why the stake difference between games is also there, if someone can gambler and lose a 100$ and it won't affect him then we are safe to call it their conform zone but if that lost of 100$ will affect you then gambling with such amount is never going to lead you to anyway.

Yes everyone always talks about winning in gambling, sometimes it is not uncommon for people to show off the results of their winnings to other people, especially to some of their closest people, such as friends, even though in fact the winnings are nothing more than just luck that came at the right time, but sometimes people - the person who showed it off said to others that it was the result of his greatness haha ridiculous. And yes, as you said and it is true, there are also some gamblers who say or believe that if a method works for other people, it will also work for them, even though it is clear that whatever method you use in gambling, it only helps increase your chances, but In no way can you guarantee or guarantee that you will also win like other people.

On the other hand, it is a fact that in gambling there is absolutely no difference between rich people and poor people in terms of opportunities and possibilities, the only difference is in terms of the number of wins and the number of losses because of course the bets of rich people are greater than those of poor people, but for the problem of chance and possibility remains the same, in the sense that rich people can win big but they can also lose big. What this means is that when you are involved in gambling then you must have the right mindset, and don't think about gambling by risking larger amounts like rich people do because it won't change the odds at all, and also set a plan to only gamble with an amount you can afford to lose regardless of whether you are rich or poor.

Atleast you see my point, most of the comments I have read here are all speculating that rich gamblers are of higher chances of winning because of the fact that they gamble with huge amount of money which can make them select few games that won't be risky but with all my experience I have had gambling, I have come to understand that even the smallest of odds can turn out with a negative results prior to what you actually predicted the games that why my strong sense of all bettors being equal stands vividly so bet according to your standards and make lesser risk with your funds and not with your game selection.

[I_Anime]

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 guess one of the reason is that , the rich don't actually take gambling as a big deal or a means to earn , they just literally do it for fun .and they don't actually care if they will or lose , what they care about is the fun they got from it. And also the rich don't actually use small cash to bet rather they prefer huge amount of money and it by any chances they hit the jackpot they will endup making tones if profits. While am average Man will always mind the way he or she use their hard earn to bet , like most people don't literally bet when they don't have extra funds to spare inorder to coverup some expenses .

[Odohu]

I guess one of the reason is that , the rich don't actually take gambling as a big deal or a means to earn , they just literally do it for fun .and they don't actually care if they will or lose , what they care about is the fun they got from it. And also the rich don't actually use small cash to bet rather they prefer huge amount of money and it by any chances they hit the jackpot they will endup making tones if profits. While am average Man will always mind the way he or she use their hard earn to bet , like most people don't literally bet when they don't have extra funds to spare inorder to coverup some expenses .

You seems to have captured my perspective of this matter because I realised that gambling is highly connected to the human psychology such that the moment you get too attached to the money,  it will become very difficult to make progress. Perhaps, this may be reason many gamblers have adopted the concept of gambling for fun and not for the money, the psychology behind this being that they have money to sort out their lives and gambling is not just for the money. This can work and may be the reason the rich win more than the poor, they don't have their mind fixed at the money and can cope with losses without being depressed.

[maydna]

~snip~

Why is that everyone always talks about the winning only or are forgetful of the fact that the same way a gambler can win massively that's the same way a gambler can also lose massively. Whether rich or poor gamblers, they should always be an understanding that in gambling you only gambling what you can afford to lose and we all know the world today no one is equal in terms of their respective earnings and thats why the stake difference between games is also there, if someone can gambler and lose a 100$ and it won't affect him then we are safe to call it their conform zone but if that lost of 100$ will affect you then gambling with such amount is never going to lead you to anyway.

You are right with saying that playing gambling is only with the money you can afford to lose. We must do like that to prevents the losses becomes big and we can not accept it as using more money can leads us gets more losses. Gambling can not gives us the wins but gambling can gives us many losses. So we must realizes that we don't have to use much money to playing gambling because that can shake our financial and we can forget to limits our money to playing gambling. We don't have to gambling too long, especially use more money and that is what rich and poor gamblers must do in gambling. We don't have much chance to win so we don't have to follows other gamblers.  When we can control ourselves in gambling, there is nothing to worry and who knows, we can wins the games like other gamblers.