Rich, average or poor. Who loses more?

[AmoreJaz]

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.

some games such as poker and sportsbetting are not totally based on luck. but it would take years and years of experience to get a good grasp and gain from these particular games. however, if you have the passion to enrich yourself on these games, you will reap the rewards later on. the longer you are on these activities, the more knowledgeable you are in terms of strategies or techniques on how to get advantage of your game. i would say, patience is also much needed if you will explore these gambling activities.

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.

of course, if you have long rope to spare, it means, you have better chance of getting the pot that you wanted. this is why poor or small time gamblers can easily be busted because they have no funds to finance their gambling. whereas, rich or people who don't have money problems can stay long inside the casino without bothering about their previous losses.

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[junder]

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.

I think it's obvious, if they spend a long time most likely they spend a lot of money in one game session, if it's a question of time or duration of play is it possible that poor people can't get the winnings? I think they can get the winnings too if they are lucky even with a short time. but with rich people obviously they have a lot of money and when they run out of money in gambling then they  still have money to gamble so indeed they can continue the game that's right the chances of winning are greater for rich people but also with the chances of greater losses can't be lost.

The other side is that in poor people who gamble they gamble with a limited budget of money and maybe not big but that does not rule out the possibility that they can win, because even if they gamble with a small capital if they have luck in gambling maybe they can get a big win, and for those who lose more in my opinion it depends on how close they are to gambling,  whether they are rich or poor people if they are both close to gambling then both of them can experience big losses.

[Fivestar4everMVP]

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.

You are actually the one contradicting, or should I say, confusing yourself here, in your subject for this thread, you did not mention the house, you only mentioned the Rich, the Average, and the Poor, and asked who loses more, why get the house involved when you did not include the house in your question?

Questions are answered based on what is asked, you can't give me a question like, between the rich, the average, and the poor, who loses more? And I begin to tell you that the house loses or wins more, when clearly, the house is not included in the question, if you want or wanted us to debate this more properly, then your question should have been, "between the rich, the average, the poor, and the house, who wins or loses more?" - with a question like this, we will have a more balanced debate and discussion of which of this four wins or loses more.

[rodskee]

I think general discussion tells this and yeah our own experience as well ,  lets make a poll
and sure most voters will be poorer than the richer and i am one of those and like those whom I met in chatrooms ,
mostly small roller and only few that can be considered as rich gambler so that will tell us about poorer losses more
than rich people. but in the end of the day? rich or poor are loser because indeed that the house always wins.

[hedgeh0g]

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.

Luck is of course the main thing and there is no point in arguing with that. But there are different options that poor and rich people can use, this is to choose the game itself and the size of the bet, this will determine how long the player can play. If a poor player can lose very quickly even on small bets, then a rich player can play for weeks without losing everything he has, even playing at the maximum bet. A rich person can even lose a lot of money, but this will not affect his lifestyle, while for a poor person, even small bets in one evening condemn him to work for months and years to be able to enter the game again.

The main thing here is that luck doesn’t care who you are, a poor or a rich person, the rest is just formalities...

[Docnaster]

I do not like thread that are long already. I prefer threads that is not more than 1 page long. I went through a long thread this time, some people are quoting me on the thread about who loses more to gambling and I read some replies only to find out that most people are saying rich people are likely to make money than poor people in gambling.

This is the thread
Why the rich win gambling more than the poor.

I thought that you would have accompanied this post with a poll, that is when you will get the exact opinion of the people on this thread. If you go randomly through the conversation you will get many contradictions and besides many people do not answer such questions according to their life experience, rather they make general assumptions and put together some posts that seems to be connected in order to complete their campaign quota. Although, I followed up the thread that you referend here and I think many people dished out their unbiased opinion about the topic. Even if the topic seems verse and not straightforward.

I think general discussion tells this and yeah our own experience as well ,  lets make a poll
and sure most voters will be poorer than the richer and i am one of those and like those whom I met in chatrooms ,
mostly small roller and only few that can be considered as rich gambler so that will tell us about poorer losses more
than rich people. but in the end of the day? rich or poor are loser because indeed that the house always wins.

While some people seems not to understand the situation on ground or in other words are contradicting themselves is because they do not understand the real matter, rather they are approaching the topic from the peripheral  aspect of it. The only way to know who loses more in gambling is to know the person that is impacted more if they lose gambling, and from all indication it is the poor that suffers more if they lose, that is why I think the odd is against the poor

[Dewi Aries]

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.

Right, I agree with your idea about this, gambling is always about luck and that is the reason why there are losers and there are winners, if gambling does not depend on luck then wouldn't all gamblers be able to get a winning streak? Another thing is between rich or poor I also agree with you that indeed gambling is a game of probability or chance that does not see whether you are rich or poor, the casino only sees that if you come with money as a condition of betting then you will be one of the gamblers who will receive the final result between winning or losing.

Well and maybe the difference between rich and poor may be in terms of their financial capacity, obviously the rich have the opportunity to do a lot of experiments and the poor may only occasionally, so the conclusion is that rich or poor really has no effect on the final outcome of gambling, but this is just a difference in terms of the opportunity they have to experiment, in gambling the wheel will continue to spin meaning that all gamblers will experience losing and winning, there are occasions where the rich lose and the poor win or vice versa, and that cycle will continue unless you stop so basically this is just a game of probability.

[Oilacris]

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.

Luck is of course the main thing and there is no point in arguing with that. But there are different options that poor and rich people can use, this is to choose the game itself and the size of the bet, this will determine how long the player can play. If a poor player can lose very quickly even on small bets, then a rich player can play for weeks without losing everything he has, even playing at the maximum bet. A rich person can even lose a lot of money, but this will not affect his lifestyle, while for a poor person, even small bets in one evening condemn him to work for months and years to be able to enter the game again.

The main thing here is that luck doesn’t care who you are, a poor or a rich person, the rest is just formalities...

Lots of factors should really be considered on which it would really be just that normal that rich people would really be having that versatility on which we do know that they could really be able to
bet on wide variety of possible strategies on which they could really be able to apply, on which it is really that unlike into those poor ones who do have limited bankroll then they cant really just that move too much in speaking about on the possible ways and methods about having those recovery on which we know that once they do bust up then there's no way that they could be able to recover.
It does have that significant differences when it comes to rich and poor people but just like been said and mentioned that everything would really be that according into someones
luck on which not all things will really be just that pertaining about financial capacities but rather also talking mainly about luck.

[bitgolden]

This is the thread
Why the rich win gambling more than the poor.

Is this not contradictory? I am not rich and I gamble and lose more. The same story by many rich people. People said you can not win the house. If more people are registered on a casino or a bookie site, the owner of the site will be happy. Because they know they will have more workers and be able to pay them as they will earn more. If you deposit huge amount, the more the happiness because the house would win at last. This is not about rich or poor. And this only shows more that the rich are likely to lose more.

Average may end up losing even more of their money than the rich and the poor as well, when you think about it. I mean we are talking about something that is getting a little bit of a trouble with time as well. Poor people are already poor, so they do not have a lot to actually do gamble, not like they can gamble much anyway, they have nothing and will end up with nothing so it is not really that much of a big trouble at all.

However, when we are talking about a situation where rich are gambling that would mean that they could end up with nothing in the end as well and that could end up with a problem as well but they could stop and not have a problem gambling millions. It is a trouble when it comes to average income people.

[rhomelmabini]

I do not like thread that are long already. I prefer threads that is not more than 1 page long. I went through a long thread this time, some people are quoting me on the thread about who loses more to gambling and I read some replies only to find out that most people are saying rich people are likely to make money than poor people in gambling.

This is the thread
Why the rich win gambling more than the poor.

Is this not contradictory? I am not rich and I gamble and lose more. The same story by many rich people. People said you can not win the house. If more people are registered on a casino or a bookie site, the owner of the site will be happy. Because they know they will have more workers and be able to pay them as they will earn more. If you deposit huge amount, the more the happiness because the house would win at last. This is not about rich or poor. And this only shows more that the rich are likely to lose more.

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.

I think it isn't on the status that matters, you will lost even if you're rich or poor. Rich will surely make more money than that of a poor in gambling considering you can risks more and win more, unlike most poor they tend to have low bankroll and can't bet more to be at breakeven or win some.

[Charlie_Clinkz]

I think poor lose way more then rich, at least through gambling for sure. I just managed to lose 6 straight XFUN bets in an astonishing manner. Sometimes I feel like these squads are literally keeping track of when I bet, and play their worst possible.

[maydna]

I think poor lose way more then rich, at least through gambling for sure. I just managed to lose 6 straight XFUN bets in an astonishing manner. Sometimes I feel like these squads are literally keeping track of when I bet, and play their worst possible.

It depends on how poor or rich people use their money to gamble. Some rich people don't use a lot of money to gamble because they realize that it can result in a lot of losses for them. They just want to avoid losing a lot, so they only gamble moderately. That will be the same as poor people who don't have a lot of money but want to experience gambling games, so they will also gamble with enough money. As long as they can gamble with the money they can afford, it is not a problem, and they can adjust the amount of their losses according to the money they use in gambling. So this is actually about how people use their money to gamble because that will affect the amount of losses they will receive at the end of the gambling game.

[pawel7777]

Is this not contradictory? I am not rich and I gamble and lose more. The same story by many rich people. People said you can not win the house.

Being rich doesn't magically increase your chances in a particular game, so I don't buy the theory that rich people are (on average) making money on gambling. At very best, they could be winning more often or losing less.
There could be several reasons to explain that. First of all, being rich would indicate that you're likely to have a higher intelligence and analytical skills, meaning you'd be placing bets more carefully on games that offer a higher chance of winning.
Another thing - rich people are less desperate and don't need x100 or more to make decent money. When you aim at $100k and you only have $100 to play, you need to make x1,000, almost impossible odds, but when you have $1 mil to play with, you only need x1.1 return. Makes a difference.

[SeaCoinCollector.]

It doesn't make sense to say that rich people win more games than poor people because games are chance and depend on luck. Some people might say that rich people can handle losing more easily and enjoy the odd win more, but that doesn't mean they will always be successful. The house always has the best odds, so it never wins or loses. It doesn't matter how much cash someone has. Bets can lose for everyone, not just rich people. You can't say that one group gets more than the other. Everyone, no matter how much money they have, has to follow a lot of hard rules when they gamble. Some of these rules are luck, planning, and taking care of your threats.

[blockman]

It doesn't make sense to say that rich people win more games than poor people because games are chance and depend on luck. Some people might say that rich people can handle losing more easily and enjoy the odd win more, but that doesn't mean they will always be successful.

While that's true but it still makes sense because they've got more money to lose and to start as their bankroll. Although the success will be defined on how good they are but the chances of staying longer is on them.

The house always has the best odds, so it never wins or loses. It doesn't matter how much cash someone has. Bets can lose for everyone, not just rich people. You can't say that one group gets more than the other. Everyone, no matter how much money they have, has to follow a lot of hard rules when they gamble. Some of these rules are luck, planning, and taking care of your threats.

The cash that someone has matters because it defines on how you can stay as you gamble. Obviously, the poor won't last long with the amount of money that he's got to gamble. While the average, going with the average but all of it will still depend on how they gamble and the games that they play with the risk that it has. The higher the risk, the quicker the turns and phase, the quicker the money will get in and out.

[Zigabel]

the more the rich spend on gambling, the more the money the rich will eventually lose.

This is just so true for me because the rich will not spend as small as the poor spend gambling, the poor will stake little amount to win big or win an considerable average amount but the rich will most often stake high because they believe they will win high as well if the rich lose their game all the stake is gone but if the poor lose they have only but a little amount that's smaller than that of the rich. The rich in oder to reduce their risk they make few picks and sometimes single picks just to increase their chances of winning but then they eventually lose too and such lose are usually huge such that it will be about 10x what the poor staked.

If the poor and the rich stake on the same game, you see that they both stake different amount according to what they have in their wallet but hen they lose they both loose different amounts and also same thing happens with their winnings.

[Hispo]

Individually, I would say those who lose the most are the rich people, because of the big wager they manage while gambling in casinos.
Collectively, both the poor and the middle class are those who loss more, because the collective volume each one of the people contributes to the casinos.

Now, if we considered not only the losses as an absolute measure of money but a relative quantity according to what each one of those groups win from their job, then to me it clear that the poor are those who suffer the most from the losses of casinos, someone in a state of poverty could easily lose most of their money in a single session, special if they struggle with gambling addiction, such scenario is very unlikely to happen to someone who is rich and have many varieties of sources of income for them to compensate their casino losses.
It is part of the common sense which tell us that the poor are not supposed to gamble, but because the inherit freedoms most societies have, then each one of us are responsible for every action individually taken, one on them being whether we decide to step into a casino or not.

[slapper]

Individually, I would say those who lose the most are the rich people, because of the big wager they manage while gambling in casinos.
Collectively, both the poor and the middle class are those who loss more, because the collective volume each one of the people contributes to the casinos.

Now, if we considered not only the losses as an absolute measure of money but a relative quantity according to what each one of those groups win from their job, then to me it clear that the poor are those who suffer the most from the losses of casinos, someone in a state of poverty could easily lose most of their money in a single session, special if they struggle with gambling addiction, such scenario is very unlikely to happen to someone who is rich and have many varieties of sources of income for them to compensate their casino losses.
It is part of the common sense which tell us that the poor are not supposed to gamble, but because the inherit freedoms most societies have, then each one of us are responsible for every action individually taken, one on them being whether we decide to step into a casino or not.

Although the wealthiest may lose more money, the relative impact on the poor is more discouraging. Poor gamblers risk more than money—they jeopardize their livelihood. This goes beyond numbers to the personal cost of gambling losses.

However, I value personal choice and responsibility. Society helps, but individuals must make sensible choices. If done responsibly, gambling may be fun. Problems arise when it becomes addiction. I've seen successful gamblers who know their boundaries and play for fun.

As regards gambling, I support responsible, informed decision-making. Tell individuals about the risks and how to gamble properly. Finding a balance between game excitement and potential consequences is key. In an ideal world, we'd all recognize the difference between a harmless flutter and a dangerous addiction.

[uneng]

Although the wealthiest may lose more money, the relative impact on the poor is more discouraging. Poor gamblers risk more than money—they jeopardize their livelihood. This goes beyond numbers to the personal cost of gambling losses.

Yes, proportionally to their total income, poors are risking more money than the rich in gambling, therefore the negative impact in much worse on their finances on long run. However, I believe riches tend to maintain gambling as a hobby for longer periods of time than poor people. A rich gambler can play in a frequent basis for his whole life, while a poor gambler may have to stop playing at some point in order to avoid the negative impacts over his finances.

As regards gambling, I support responsible, informed decision-making. Tell individuals about the risks and how to gamble properly. Finding a balance between game excitement and potential consequences is key. In an ideal world, we'd all recognize the difference between a harmless flutter and a dangerous addiction.

I agree with you. Tell people they don't have to completely get rid of a practice, rather they just need to slow down a little bit. Instead of buying a lottery ticket every week, buy it once every two weeks or once a month. Decrease the frequency they spend money with gambling and they may still be able to bet without compromising their lives entirely. Who knows, maybe by playing once in a while they can still hit the jackpot and win a considerable sum of money which will help a lot their families. I believe that is how we can be responsible in our practices, while not being extremists.

[LUCKMCFLY]

For me it is very logical that the average or poor person loses more, I think that the rich person can lose a lot, he will not Auffer because he lost in the Casino, he has his basic and Non-basic things insured, on the other Hand the first Person or the Poor person always You have to measure yourself in your things, you Have to do everything possible to keep things up to date and have them well , there is no way you can Achieve anything to Have the best in yourself , an Average person will always have a hard time with things , they will always do whatever so that he can generate more money and he has to work hard to be able to have money, on the other hand a rich person does not work and if he works he always gets his big profits, and he will not be in need , an average person if he does something wrong The financial system can have a hard time for a while as long as it does not keep Enough money to live well , normally they will be tolerated like this by those who depend on a Salary , and that is not Something that is very nice , a person who maintains a salary is basically Taking care of Things have to be worked on that way and without further ado.

A person who always does his best, if he loses a lot of Money or loses money that he should not lose in the case, everything becomes very difficult for him, things can be very difficult for that person, because basically the things he does From then on they will be hard, for a person who always seeks to have the best benefit, because he knows that he has to Risk a lot and if , Obviously for a Person of that style or Poor , it will be more Difficult to Recover , a Rich person will not even notice, how much he lost , because it doesn't Affect him at all, the money he lost for good or even Needed it , is not significant for the Person , so there are many Differences when it Comes to people with a lot of money and People with money Somewhat Counted for Things.