THE POOR RISKS LITTLE TO WIN BIG WHILE THE RICH RICKS BIG TO WIN LITTLE

[GLK_100]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

[Charles-Tim]

The day I lost 1.01 odd bet was the day I knew the gambling can make the rich to become poor. I am not saying that I am rich but you can understand what I mean by that.

I have lost 1.1, 1.2 and other small odd matches before and not just once.

It will take the rich 10 matches to get 2x from 1.1. The person should expect at least 1 lost game. And it will even be more games that the person will lose.

Just gamble responsibly.

[Samlucky O]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000  

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!

This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

Well the saying which states that "the Rich are getting richer while the poor are getting poorer" does not have anything to do with Gambling. There is no guarantee for the rich to have up to %90 compeard yo the poor, all are risk takers inrespective of the odds they chose to play. A poor person may play a game consisting of 30match $5 stake with 1k odd to win $5k  and a rich person might only play or stake $10k with 1.10odd to win $11k and still lose. So there is no guarantee in gambling despite the odd difference, sometimes the odd you least expect to cut your ticket will do so. I have tried it several times and yet it didn't work out. Apart from that the risk is still high for the rich, emagine Staking $10k to win $11k that is just 1k different in profit. What if the game cut the rich man will lose $10k while in the other hands the poor will lose a little amount of $5 if the game cut. Mate there is no easy way to win in gambling no matter how or what you think.

[blomen]

this sentence could be more accurately phrased as follows:

“gambling makes the rich poor, and the poor even poorer.”

the example you gave is simply a risk/reward calculation. a bet with odds of 1.10 also has a chance of losing, while a bet with odds of 1000 could win. people with little money must take greater risks to become wealthy, but it is also difficult for those who are already wealthy to increase their money with low-odds bets. because to win $1000, you must risk $10,000.

[giammangiato]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

I don't think so; your point is general and there's reasoning behind it, but I believe both the rich and the poor have the same probability of winning and losing.
The rich have a greater chance of betting and therefore statistically have a greater chance of winning; the poor have a lesser chance, statistically. However, it must be said that on a single bet, the probability is exactly the same for both the rich and the poor, regardless of the odds.

[Tipstar]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

That makes sense in other sectors of economy but not in gambling.
The risk and multiplier are inversely proportional to each other that is true but the overall risk you take while placing large number x bets would be exactly the same for both low multiplier or high multiplier.
Rich people do have more money so they could afford to gamble more but the risk for high or low amount, high or low multiplier would be exactly the same. In long run they would all be losing exactly x% depending on the house edge. i.e. the rich betting higher amount would lose more money in long term than the one betting small amount.

[Justbillywitt]

Everyone gamble according to their financial capacity and their risk tolerance level. Even if you are gambling with big money, that doesn't mean that gambling is not a game of luck. Even with your 1.20 odds you still need luck to win it if not you will cry. When you have that big amount to gamble, that's when you you will realise that accumulating the 1.20 odd is not an easy thing. We all need a bit of luck to go through in gambling and it is better for you to lose a bet with big odd than for you to lose with a small odd. Gambling is not easy to win both for the rich and the poor.

[bettercrypto]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

You're saying that being born poor is biblical, and there's nothing you can do about it unless you choose to remain poor for the rest of your life.

However, you believe that if you're born poor and you find a way to escape that situation, you won't stay poor forever. You feel there's a good chance your
life will improve in the end.

[Felicity_Tide]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

I have alwways been of the opinion that gambling is never a source of income. People should change that mindset that gambling is a decent avenue to make a living while it is not. Of course you have a point, but at the same time, everyone has to define their level of risk, and see if it is worth taken. 1.1 odds doesn't look like a risk to me. I personally prefer to go for something 2x, maybe 2.5 or slightly above.

Even if I choose to go for odds of 1.1 or less, it doesn't even necessarily mean that I'm rich. It might just be my own way of playing safe. Just so we know, just because it is 1.1 doesn't necessarily mean that you would win the game. It just increases your chances while it all still depends on luck and strategy.

[Kelward]

When it comes to bets mathematical equations to determine the odds whether the rich or poor are more favorable to win or lose is not practicable. The poor can risk little or more yet they can lose their bets, same thing with the rich they can risk big or small yet they can lose. They can still do the opposite and win so it means that despite the strategy that the rich or poor chooses they still need luck to win. Where I stand is whether you're rich or poor try to gamble responsibly with amount that you can afford to loose because your bankroll is the only control that you have in gambling.

[mak013]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

I want to continue your Ex:
Rich lost $11,000 with odds 1.10
Poor lost $5 with odds 1000.

The result: richer people becomes poor faster.
One more result if rich lose and poor win.

It was a thread here, how the gambler lost more than $1mln dollar with the odds about 1.07(if i remember correctly).
I made an experiment myself - i bet all event with odds less 1.10 - i lost deposit in 2 weeks.

The right answer for your example - poor man sillier than rich man. And trying to become rich in few days with bankroll $5 - bad idea.

[Doan9269]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

Big odds does not make one to win, neither do small odd do, same also applies to the amount used, luck and competences determine what we get out of each game we choose to play.

Sometimes we make winning in gambling not by being poor or rich, the same applies to losing, we cant also determine for this by the amount of money we have used to gambling of not by luck of wining.

[Peanutswar]

Its all depends on the risk management of the player for the rich they are capable to gambler what they are afford because they have a resources or money already, on the other hand the poor are just making a way of risk just to get a large sum of money so its all depends on how the player see the use of the gambling, reason why gambling is afford to lose so if you see gambling as a source of income its not the best way to have this instead seek for others that is sustainable than playing gambling.

[Gozie51]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000  

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

Just to set your mind on the part that in gambling anything can happen especially in football.

We saw different surprises and records in last season. Did you expect that PSG would whitewash Inter by 5:0 at the final of Champions League? No. Even Mbappe won't imagine it (if you know what I mean).

Do you expect Chelsea beating same PSG by 3:0 at the word cup club final? I didn't expect the score line myself.

Those are to tell you nothing is certain in football. Picking very low odds to increase stake is equally risky. So if you calculate how much money the rich will lose in a year gambling to how much the poor will lose gambling same year then you would understand that in gambling, the rich gets poorer.

Parley and single betting have their advantages and disadvantages but in gambling, no strategy is a sure bet, you lose some and you win some.

[348Judah]

We should not be greedy in gambling because this can happen to anyone, be it the poor gambler or the rich one, when we are gambling, we need to first learn how to manage risk, because this is more important in determining for what we may come across at the cause of gambling, secondly, we should not be too confident in playing a bet, because we can lose even at 1 odd game thinking that it must come, we can get it wrong and lose, same applies for those in the aspect of compilation of odds to maximize potential win, most of these never come true except by luck.

[Marvelockg]

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"

it generally takes money to make more money and that is the reality with this analogy you have painted here. the poor man is only looking at how he can with his little money win something that is massive enough to change his story for life. the rich on the other hand is after what looks certain and is ready to put in much once he finds one and hopes that the game will enter. if both fails, the rich looses more while the poor remains in his poor state while if both wins, the poor man is at a massive advantage of becoming rich while the rich gets a top up to his wealth. in both cases, both parties are risking on things they have no control of and have a reasoning that makes it look like they can outsmart the bookmakers. sometimes, these startegy works while sometimes it does not, that is why it is always bestt to still gamble with a moderate amount so you do not inconvininec yourself regardless of the outcome of your game.

[Oluwa-btc]

This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

I think i came across this post before but the topic seems different from this and it still balls down to the fact that every gambler should be entitled to gambling with what they can afford to lose. And in this context it's describing two different people with their different patterns oh how they gamble. So what I think is they are both taking risks with what's convenient for them.

[hyudien]

You're wrong to associate that saying with gambling as there no correlation whatsoever. It's true that rich people can gamble more easily because they have what they need but no rich person can get richer from gambling. Okay you say their chances of winning are higher because they choose low odds, but think about it, are they guaranteed to win? In any game, there are always surprises we've seen this happen many times. Imagine if they lost by betting $10,000 at those odds, how many games would they have to win to recoup their investment? The point is, there's no guarantee of success whether you choose high or low odds, as there are other factors that can thwart your bet.

[r_victory]

The get-rich-quick mentality is killing society, not just the poor. The rich gamble big, but often won't even miss the money they lost. The poor gamble small, and regularly, it's the little they have that should be used for other purposes, and will certainly be missed for something more important.

[AbuBhakar]

This makes gamble a game of luck to the poor and a game of strategy to the rich.

Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000 

With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.

All this twisted analysis rooted from your wrong point of view that gambling is a source of income. Poor is not required to bet just to get huge profit if they can’t afford to do it without risking too much money.

Your comparison assumed that poor is required to get that huge profit just to be equal on the rich gambling profit even with low odds.

This a sign of irresponsible gambler becoming poor is not using gambling for entertainment purposes rather just to chase huge profit in exchange for too much risk.