Is this true

[coinlary]

I was told that rich people who gambles don't just risk a fortune on a game or  match, they have reliable sources and their chances of losing is lower than a normal gambler?

Source?

I can only think of a manipulative system with the words "reliable source" you used here.
Depending on what aspect of gambling we are discussing, a source isn’t going to be relevant in some aspects of gambling. For example, in sports betting, everything is literally "open source" and we all have to think of every possible future result, not some kind of system that feels like a rugpull on the majority.

[famososMuertos]

:://:::

I don't know what your intention is with this context... or rather, what a pathetic idea. I'm sorry if that offends you, but what's the point?

Only three things are needed to validate your title for this thread: Is this true?

If you bet, you'll either win (first truth) or lose (second truth).

And most importantly, for the first two to hold true, you need money (third truth).

 

[LastKiss]

Is it true that big bettors don't just place bet?
Is it true that some big bettors have stronger data analysts working for them?
~snip~

Some big players also lose and some people become big players because of insider information and that mostly happens in sports betting. Having more money doesn’t guarantee increasing our chances compared to using a smaller amount. When I gamble with more money, I can still lose my bet. Thinking this way can lose our focus and the enjoyment of betting, because knowing that someone else uses bigger money and more accurate information only makes us feel envy and lose the fun. Just bet and don’t overthink the losses, because we all know that when we gamble the chance of losing is always there.

[michellee]

Is it true that big bettors don't just place bet?
Is it true that some big bettors have stronger data analysts working for them?
~snip~

Some big players also lose and some people become big players because of insider information and that mostly happens in sports betting. Having more money doesn’t guarantee increasing our chances compared to using a smaller amount. When I gamble with more money, I can still lose my bet. Thinking this way can lose our focus and the enjoyment of betting, because knowing that someone else uses bigger money and more accurate information only makes us feel envy and lose the fun. Just bet and don’t overthink the losses, because we all know that when we gamble the chance of losing is always there.

But comparing to their lose, their winning still bigger than other gamblers. We don't know how much they can wins but that will be huge since they can bet using huge money. Having much money can makes them decides how much they can bet . They will also have more opportunities to do multiple bets.

But they can also lose anytime and the lose will be huge. If those rich gamblers can manages the risk of losing huge money, they will not feels too sad if they lose. They realizes that gambling can making them lose money so they will not just wasting their money. That are the rich and wise gamblers will do.

[nimogsm]

Is it true that big bettors don't just place bet?
Is it true that some big bettors have stronger data analysts working for them?
~snip~

Some big players also lose and some people become big players because of insider information and that mostly happens in sports betting. Having more money doesn’t guarantee increasing our chances compared to using a smaller amount. When I gamble with more money, I can still lose my bet. Thinking this way can lose our focus and the enjoyment of betting, because knowing that someone else uses bigger money and more accurate information only makes us feel envy and lose the fun. Just bet and don’t overthink the losses, because we all know that when we gamble the chance of losing is always there.

The latest insider predictions on Polymarket regarding political events are the most striking example of this. Those who possess information will be able to profit, but the consequences and responsibility are another matter. Those close to power will face no consequences, but others will most likely be held accountable.

[nara1892]

...

Rich people do have a lot of money but there are also many rich people around me who are broke because of gambling, doesn't this mean? Yes, you know the answer.

One also needs to keep in mind that most rich people do not actually like to engage on casino games or bet too much in sports, they prefer to get money from more serious and reliable ventures like investing, trading or starting their own businesses in their country or communities.
The rich have learn to get pleasure in accumulating money through those means, instead of relying on luck and see what could happen to their money, needless to say that it does not make how much much one has, if one is addicted to gambling, one can run out of money quite fast and without a warning.

Yes, we are realistic in addressing this and I also have the same perspective as you that rich people don't really like gambling, you have said one of the reasons which is the point is that rich people will only be serious about something that has the potential to be profitable, meaning not something that runs based on probability or luck, they prefer certain things like business, business and investment as you mentioned, it makes sense because rich people can reach their wealth point because they have a different perspective on money and everything that has the potential to be profitable.

[livingfree]

The latest insider predictions on Polymarket regarding political events are the most striking example of this. Those who possess information will be able to profit, but the consequences and responsibility are another matter. Those close to power will face no consequences, but others will most likely be held accountable.

They're part of a circle and surely making a bunch of money from the political events that they're following.

If they have tipsters, it's a worth of the shot but if not and they're just passing on the information from one and the other, they're all benefiting from it.

I think that it's now going to be a big thing with the seriousness of individuals or corporations that makes a lot of money from the prediction or gambling market that they hire data analysts or such. But I haven't seen one admit it.

[Patikno]

Is it true that big bettors don't just place bet?
Is it true that some big bettors have stronger data analysts working for them?
~snip~

Some big players also lose and some people become big players because of insider information and that mostly happens in sports betting. Having more money doesn’t guarantee increasing our chances compared to using a smaller amount. When I gamble with more money, I can still lose my bet. Thinking this way can lose our focus and the enjoyment of betting, because knowing that someone else uses bigger money and more accurate information only makes us feel envy and lose the fun. Just bet and don’t overthink the losses, because we all know that when we gamble the chance of losing is always there.

I think you are right, because all forms of gambling always involve two things: winning or losing. Therefore, we shouldn't dwell on things that seem hallucinatory (whatever it is). Personally, I have heard that phrase many times, and the one I hear most often is "gambling with a good strategy, and being consistent", And I disagree with that, because no matter how good our strategy is, or how consistent we are in gambling, it doesn't mean we can't lose, especially in the long run. So, let us gamble responsibly, that is all, without thinking about anything strange.

[Su-asa]

Is it true that these people wins more than someone who use small amount of money?

I think I have replied the op directly before but I'm not too sure of it though. However, I quote this part of the op because I believe that the reason why the big bettors win more than they lose or lets just say they win more some gamblers that bet with small amount of money is because the rich gamblers are not greedy. When I say greedy I mean, using small amount of money to win big.
Gamblers that bet with small amount of money mostly lose because they try to use small amount of money to win huge amount of money. But I think rich gamblers put a lot of money on a single bet in other to multiply their money in two.

[LUCKMCFLY]

Is it true that some big bettors have stronger data analysts working for them?

This could happen, personally those who have good money can afford to hire people for them and generate more data for their bets ,  advisors and experts who can help, that's something that can work very well, of course that Doesn't work for me, only for those who have more money , so this is very likely to happen in some Cases.

[Orpichukwu]

The latest insider predictions on Polymarket regarding political events are the most striking example of this. Those who possess information will be able to profit, but the consequences and responsibility are another matter. Those close to power will face no consequences, but others will most likely be held accountable.

A good example of a political event where someone close or who had inside information took advantage was the US government capturing the Venezuelan president, and I believe that was the reason for the instant motion to prevent politicians from having connections with such bets, either by giving out information about it or betting on them themselves.

[LUCKMCFLY]

you are right  even though there is a high chance of high stakers to make profit they also run at loss too just like every other gambler but the only advantage they have is the fact that they can always recover their losses at some point because they always have to stake but a gambler that's struggling financially cannot keep up with this because they would struggle to get money or find it hard to recover

It's great when someone who bets a lot of money wins, but it's very unfortunate if they lose, and even more so if they lose money that shouldn't have been bet that hurts much more Therefore, the most logical and Intelligent thing to do is not to take unnecessary risks, because in the end, we are the ones who will suffer the Consequences.

[MRY]

you are right  even though there is a high chance of high stakers to make profit they also run at loss too just like every other gambler but the only advantage they have is the fact that they can always recover their losses at some point because they always have to stake but a gambler that's struggling financially cannot keep up with this because they would struggle to get money or find it hard to recover

It's great when someone who bets a lot of money wins, but it's very unfortunate if they lose, and even more so if they lose money that shouldn't have been bet that hurts much more Therefore, the most logical and Intelligent thing to do is not to take unnecessary risks, because in the end, we are the ones who will suffer the Consequences.

It is also a financial measure that you should have on how to limit the side effects of unwanted changes by knowing your financial limits. The agony of the lost huge capital was also a lesson to understand that rationale should come first before the issue of emotions in any decision. Your caution I do not urge, since it is best to prevent the injury, than to suffer it. Reduction of irrational risks will help in establishment of a sound future and avoid failures in the cycle of irrational actions.