Rich, average or poor. Who loses more?

[Suzume]

In the mindset of rich people, they spend money on gambling just to have fun. if they make a profit I think they have cooperation with that casino place to make a profit. If this happens, will it apply to the average or even poor? of course not. because in this case the possibility for the owner of this casino is the benefit of spending a little money to make people who are already rich show off their wealth from gambling as the gambling place gets advertising at low cost. who loses? of course those who don't have a business deal with the casino owner.

What you say is very correct, indeed for some people who have wealth and most of them gamble just for fun and also they still want to win and can also stop when they lose, and for some people who don't have enough wealth of course they will do it. gambling to win and they will very likely become addicted to their gambling, of course this will be very detrimental to them.

Rich losses more as they earn because they have enough money to take risk and they lost huge amount because their playing amount is a lot of more then a average gambler and poor. Rich has capacity to take more risk then poor. That's the reason when they earn they earn a lot. When they face loses the loss is more. That's the reason the riches losses more then poor and avarage gamblers.

[Cryptoearner]

One who wins makes more and one who loses - loses more. I am not much into gambling but yeah I played some games I can say that I saw losses more than wins.
It has nothing to do with being poor or rich, it is all about luck (IMO). The profit of rich gamblers can be seen by the poor and they get attracted to it but no one cares about the poor's loss/profit.

[boty]

What you say is very correct, indeed for some people who have wealth and most of them gamble just for fun and also they still want to win and can also stop when they lose, and for some people who don't have enough wealth of course they will do it. gambling to win and they will very likely become addicted to their gambling, of course this will be very detrimental to them.

Rich losses more as they earn because they have enough money to take risk and they lost huge amount because their playing amount is a lot of more then a average gambler and poor. Rich has capacity to take more risk then poor. That's the reason when they earn they earn a lot. When they face loses the loss is more. That's the reason the riches losses more then poor and avarage gamblers.

When someone decides to take a risk in the gambling they play, of course they will get results according to what they bet on and if they win, they will of course get big wins as well as losses, but for some rich people, they only gamble for fun and just fill their free time. Of course they will be able to limit themselves in gambling and also they will not take risks that will harm themselves, very different from people who gamble by chasing wins and if they win of course this will be very good for them and if they lose it will make them lose. in financial matters.

[Smartvirus]

I think the deal here is on the rich,
They get to lose more and get to win more at the same time.

Let’s take stakes in bets by Drake or someone like Micheal Jordan for an example. As much as we might argue that these guys are in some sort of partnership with the gambling company, they often come up with stakes that, a gambler might not archive in his or her whole gambling lifetime. That’s what you would find them gambling with in just a session.
Same goes to their loses. When they lose, they lose big as well.

When it comes to winking on the part of the low income earners and gamblers who doesn’t even have a proper income source, it’s always just cents on the stakes or a few dollars and when they win, it’s about a few dollars or few thousands of dollars as well. It’s rare before they hit the million mark and only a handful could archive that in a long run.

Hence, the deal is very much on the rich.

[Odohu]

When it comes to winking on the part of the low income earners and gamblers who doesn’t even have a proper income source, it’s always just cents on the stakes or a few dollars and when they win, it’s about a few dollars or few thousands of dollars as well. It’s rare before they hit the million mark and only a handful could archive that in a long run.

The last part of your statement pretty much summarises everything,  the winning of the poor is so insignificant that it will not change their life or anything in their life. This is the reason the poor make gambling look disgusting and bad, bringing bad name to gambling. All the problems of addiction are traceable to those who have not fixed their life but decided to gamble even with the money meant for their basic needs.

The rich does not exhibit most of the bad habits because gambling to them is just another avenue of catching fun that could give them some money. Their desperation is minimal and they have no connection with depression as a result of losses.

[boyptc]

Rich losses more as they earn because they have enough money to take risk and they lost huge amount because their playing amount is a lot of more then a average gambler and poor. Rich has capacity to take more risk then poor. That's the reason when they earn they earn a lot. When they face loses the loss is more. That's the reason the riches losses more then poor and avarage gamblers.

While the rich have got more money, they're also having the more chance of winning because of how huge the bankroll they have.

Yeah, they're losing more because they're rich and they have a lot of money while on the side of the poor gamblers. When they lose, that's it and won't be followed quickly as they need to make some bucks again to gamble.

I guess that's the simplest thing about the comparison of the rich and the poor in gambling.

[EarnOnVictor]

For me, gambling is no respecter of anyone and their status, everyone is equal before it and it all depends on the money you committed to it. The average category may gamble more than the rich, and the poor may sometimes gamble more than the average, and so on like that depending on their love and commitment to gambling. The situation might also be that the rich gamble in multiples than them all in some cases, and for this, they will reap the result of their gambling according to their wagering capacity given to gambling. That is just the difference. You can't expect the person who normally wagers $100,000 per bet not to win more than the person who can only afford to wager $100.

But as we think of the plausibility of earning more for the person who has bigger money to wager, we should also think of the risk involved. They will definitely lose more if they are unlucky with their bettings. So, it is a neutral phenomenon for all the classes you mentioned and it depends on their affinity to risk and how good they are, not their status outrightly.

[Jody.Drummer]

And we can conclude that people who have the possibility or potential to lose a lot of money are those rich people who cannot maintain their gambling involvement properly so that it is clear to lose a lot of money that can even make them bankrupt, yes that's right it is not uncommon to also see some of them who act excessively with the excuse of looking for more fun haha obviously absurd and what is certain is that victory is their main focus so that they act excessively. The inability to accept the real facts (defeat) caused by not understanding the basic concepts that exist in gambling makes them instead act out of control by always chasing wins to break even, will it work? maybe it can, but it is very unlikely and more cannot stand all the pressure that is there so it is not uncommon to see some of the gamblers who end up stressed or depressed.

So from the discussion that we have discussed here, to be honest, in my opinion, the conclusion is that rich, middle class or poor cannot be used as a benchmark for who wins more and who loses more, and the point is that if you overdo it then obviously you will lose more and if you are able to maintain your gambling by always applying self-control and limits as you mentioned then obviously the amount of risk will be slightly minimized.

Rich people who cannot protect their money when gambling will lose more money than people who still try to protect their money. These are the people who will then experience bankruptcy because they are more concerned with gambling than taking care of their business. However, other people will also experience the same thing in losing more money if they cannot take care of themselves while gambling. Playing gambling can make someone lose control because they always try to chase their winnings and don't try to maintain balance in gambling. It is for reasons of enjoyment that many people lose control of themselves in gambling even though they already know that when gambling, they should not use too much money because that will only make them lose more money.

We agree that anyone, whether rich, middle class or poor, can experience more losses if they cannot control themselves and always gamble excessively. So it depends on each person because if they care about themselves, they will always take good care of themselves and will not experience serious problems because they can use gambling well. They will not gamble excessively just because they want to win more.

Yes exactly as I said above that if only the rich can not keep their gambling activities well then obviously the amount of loss must be very large or even to make them bankrupt to fall into poverty, in my opinion rich or poor can not be used as a reference on how much the amount of loss they will experience, obviously according to the poor the amount of $20 is quite large but for the rich it is not a problem because they used to put a much larger amount than that, so I think this has to do with the perspective on the value of money that becomes a difference. And actually the point is very simple which is where you also said that they will only lose large amounts if they can't keep their gambling in check by always being strict on the application of limits and self-control.

It really depends on how to address and treat the gambling that we do, there are some people who only put small amounts because the goal is for fun and there are also those who put large amounts with the aim of multiplying, you can choose between the two options, if you want to suffer a lot of losses then you can choose point number two which is multiplying which in reality will only make you suffer losses slowly.

[ethereumhunter]

Yes exactly as I said above that if only the rich can not keep their gambling activities well then obviously the amount of loss must be very large or even to make them bankrupt to fall into poverty, in my opinion rich or poor can not be used as a reference on how much the amount of loss they will experience, obviously according to the poor the amount of $20 is quite large but for the rich it is not a problem because they used to put a much larger amount than that, so I think this has to do with the perspective on the value of money that becomes a difference. And actually the point is very simple which is where you also said that they will only lose large amounts if they can't keep their gambling in check by always being strict on the application of limits and self-control.

It really depends on how to address and treat the gambling that we do, there are some people who only put small amounts because the goal is for fun and there are also those who put large amounts with the aim of multiplying, you can choose between the two options, if you want to suffer a lot of losses then you can choose point number two which is multiplying which in reality will only make you suffer losses slowly.

So that's how it is because if people, whether rich or poor, decide to gamble, they really have to be able to control their gambling so they don't suffer large losses. Only self-control can prevent them from losing a lot of money. Rich and poor people are at risk of losing a lot of money. The only difference is that rich people who lose much money still have other money, while poor people will immediately run out of money if they gamble excessively. Whatever money they use for gambling must be accompanied by self-control so that they can anticipate continuous gambling to prevent losses.

And it is true that it depends on each person's attitude, whether rich or poor, in protecting their money for gambling. And only people who can control their gambling expenses are still able to gamble regularly and regularly. At the same time, other people will lose more money when they lose self-control. Rich people and poor people alike need to increase their self-control so as not to be tempted by gambling games that are very challenging for them to try.

[SatoPrincess]

It’s logical that rich people make more money gambling than poor people. Rich people can afford to gamble the right way, they see gambling as a recreational activity so they do not exceed their limits or bet huge amounts that would affect their lifestyle. Poor people on the other hand do not gamble for fun. They see gambling as a means to escape poverty and get out of the rat race. This mindset makes them gamble more than they can afford to lose.

[Quidat]

One who wins makes more and one who loses - loses more. I am not much into gambling but yeah I played some games I can say that I saw losses more than wins.
It has nothing to do with being poor or rich, it is all about luck (IMO). The profit of rich gamblers can be seen by the poor and they get attracted to it but no one cares about the poor's loss/profit.

It would really be just standard that you would really be losing more if you do stake more or bet more on which it would be getting inline into those people on how much they do bet.
If you do have less then you would lose less but we know that when it comes to financial status then each person is really that different on which there would really be those
rich ones and those average gamblers when it comes to financial state on which not all would really be that willing for them to spend up tons of money.
WHen it comes to odds or chances of losing or winning then it would really be just that the same whether you are rich or average winning chance would be just
the same but of course we are just pertaining into those luck based games and not into those strategic ones.

[Wiwo]

One who wins makes more and one who loses - loses more. I am not much into gambling but yeah I played some games I can say that I saw losses more than wins.
It has nothing to do with being poor or rich, it is all about luck (IMO). The profit of rich gamblers can be seen by the poor and they get attracted to it but no one cares about the poor's loss/profit.

Gambling is not of class unless if the class stand to motivate one another,  and just I earlier pointed out,  we have to be sure of what we are actually doing and not to leave everything to be controlled y our class or status.

However,  there is a big difference in the amount of winning of a poor gambler vs the rich gambler based on their available resource to bet with at some point and that is the only reason why the rich gambler stands to motivate the poor gambler more.  

But the impact of both loss and winning is a direct proportion of what the gambler put into the game as a stake.

[Westinhome]

One who wins makes more and one who loses - loses more. I am not much into gambling but yeah I played some games I can say that I saw losses more than wins.
It has nothing to do with being poor or rich, it is all about luck (IMO). The profit of rich gamblers can be seen by the poor and they get attracted to it but no one cares about the poor's loss/profit.

The gambler who had started the game with the winning will keep some bucks in the short period of time.The gambler get the losses and win in the counter cycle manner,but the survival of the game with loss will help to taste the valuable winning.For the certain period of time,you may face the loss again and again.But if the gambler learn the game tactics,it help them to get away from the losses.The rich people may not huge losses in the gambling site.Because the gamblers with huge backup money can tackle all the loses in the game and able to taste the game win for the longer term.The poor gamblers should arrange huge before the game begins.

[n0ne]

It’s logical that rich people make more money gambling than poor people. Rich people can afford to gamble the right way, they see gambling as a recreational activity so they do not exceed their limits or bet huge amounts that would affect their lifestyle. Poor people on the other hand do not gamble for fun. They see gambling as a means to escape poverty and get out of the rat race. This mindset makes them gamble more than they can afford to lose.

As said, it is the mindset of the people that lets them gamble more. The rich don't see money as a big deed, whereas the poor find it an opportunity to lift their lifestyle. This makes him more hopeful about gambling. When he or she fails in the try, they look for other choices to manage funds and continue the gambling habit. The rich don't do this, they gamble, and whether it is a loss or a win, they'll stop it when the limit of spending has been reached. Rather than the poor, it is the middle class that spends a lot of time and money gambling.

[GiftedMAN]

It’s logical that rich people make more money gambling than poor people. Rich people can afford to gamble the right way, they see gambling as a recreational activity so they do not exceed their limits or bet huge amounts that would affect their lifestyle. Poor people on the other hand do not gamble for fun. They see gambling as a means to escape poverty and get out of the rat race. This mindset makes them gamble more than they can afford to lose.

But the truth be told rich people will always make more money in gambling than the poor because of the amount they used in staking but when it comes to the rich gambling with the amount they can afford to lose I disagree with the statement because some of the rich people claim that they gamble for fun but they actually gamble on a steady to increase the amount they have. Most poor people are always seen as the addicts in gambling because they always gamble hoping to get a change of story from it which doesn't happen as they plan so they keep gambling believing that but one day they will have a boom win that will change their story so yes most people gamble to escape poverty but I can also assure you that most rich people gamble to get more money to add to the one they already have.

[AmoreJaz]

It’s logical that rich people make more money gambling than poor people. Rich people can afford to gamble the right way, they see gambling as a recreational activity so they do not exceed their limits or bet huge amounts that would affect their lifestyle. Poor people on the other hand do not gamble for fun. They see gambling as a means to escape poverty and get out of the rat race. This mindset makes them gamble more than they can afford to lose.

As said, it is the mindset of the people that lets them gamble more. The rich don't see money as a big deed, whereas the poor find it an opportunity to lift their lifestyle. This makes him more hopeful about gambling. When he or she fails in the try, they look for other choices to manage funds and continue the gambling habit. The rich don't do this, they gamble, and whether it is a loss or a win, they'll stop it when the limit of spending has been reached. Rather than the poor, it is the middle class that spends a lot of time and money gambling.

in short, they have different approach or goals when you talk about gambling. and yet, both status can have the same gambling addiction. as addiction can come to any person, from all walks of life, there's no reason to think that rich or poor is more prone to addiction. because this is a case-to-case basis. no one is excluded from this addiction if the person really got into this habit without containment of himself.

[SatoPrincess]

It’s logical that rich people make more money gambling than poor people. Rich people can afford to gamble the right way, they see gambling as a recreational activity so they do not exceed their limits or bet huge amounts that would affect their lifestyle. Poor people on the other hand do not gamble for fun. They see gambling as a means to escape poverty and get out of the rat race. This mindset makes them gamble more than they can afford to lose.

As said, it is the mindset of the people that lets them gamble more. The rich don't see money as a big deed, whereas the poor find it an opportunity to lift their lifestyle. This makes him more hopeful about gambling. When he or she fails in the try, they look for other choices to manage funds and continue the gambling habit. The rich don't do this, they gamble, and whether it is a loss or a win, they'll stop it when the limit of spending has been reached. Rather than the poor, it is the middle class that spends a lot of time and money gambling.

Yes, poor people bet with little money hoping to win big and change the course of their lives. This often leads them to making unrealistic bets that will surely lose. Imagine staking $10 to win $700, what are the chances of that bet winning? But that’s how poor people gamble. They gamble little amounts thinking they are gambling wisely, but  in reality they are consistently losing money, which when accumulated can be a substantial amount. Rich people do not face such problems, they stake big with minimal risk and the reward is always higher.

[LDL]

One who wins makes more and one who loses - loses more. I am not much into gambling but yeah I played some games I can say that I saw losses more than wins.
It has nothing to do with being poor or rich, it is all about luck (IMO). The profit of rich gamblers can be seen by the poor and they get attracted to it but no one cares about the poor's loss/profit.

Gambling is 100% game of luck it doesn't depend on rich or poor. Rich gamblers can bet multiple times in gambling but losing each time bet will affect any rich poor.
Yes, but it is true that poor gamblers can't afford to bet again after losing a few times in gambling and then their balance is empty, like rich gamblers.
However, there are many gamblers who have become rich overnight by making huge sums of money betting after considerable losses, and many gamblers who have gone from rich to bankruptcy after counting their losses.

[Orpichukwu]

I'm rice, I will lose, I'm poor, and I will also lose. The level of me losing in gambling is based on how much of my wealth I'm willing to risk in a single game.
 
If my network worth is within $1000 and I lose up to $100, it's a big loss to me compared to what I'm worth, and if a rich man's network worth is $10,000 and he loses $1,000 in gambling, it's also a big loss to him, which will be a big loss to him too. So in conclusion, everyone loses in gambling, and it can't be linked or tagged based on how much the person is worth. We all gamble based on what we can afford, and our losses should be recorded based on that too.

[lienfaye]

So why are people contacting themselves. They will say the house would win because of house edge. Now they are also saying the rich would win than the poor. Is it not the others way around that the more the rich spend on gambling, the more the money the rich will eventually lose.

Well, you have a point. Gamblers who deposit more and spend long time playing are likely the ones who will lose more. However, the reason why many opinions are siding to the rich as to win than poor are because of their time spent in gambling. Wherein there's a chance you'll hit a jackpot compared to poor who will stop already after their funds are getting busted. It is indeed the rich has a high chance to win but lose more due to the amount of money spent and the duration of their gambling activity. In the end, the casino itself is the one who benefited to the gamblers regardless of their status.