Topic: Rich, average or poor. Who loses more? - page 8. (Read 1027 times)

Doesn't actually matters. Losses are inevitable for everyone in gambling doesn't actually matter what a status you are. Aslong you don't know how to manage risks and how to gamble responsibly you will surely experience great losses. So don't think because you're rich you won't experience losses or cause you are poor luck will show pitty by letting you win always.

It could be that the biggest bet ever made by a poor gambler is the smallest amount ever made by a rich gambler. When talking about nominal amounts, of course a rich person experiences bigger losses than a poor gambler. However, this is not talking about nominal value, but about a gambler's ability to bear his losses. Poor gamblers often feel regret when they lose. Because their hopes for gambling are very high, they think that gambling can change their situation. It's different for someone who is quite rich... gambling is about fun and losing is normal.

But still, whether it's a rich person or a poor person. If they are not able to control their gambling activities well, then this gambling will only be a detrimental activity. Without good self-control, gambling will slowly drain your wealth slowly. and for poor people, this gambling will only make them suffer more.

Someone who is very rich can place bets of any amount, as long as he is able to bear the losses. But someone who is rich doesn't have enough time if he has to spend a long time gambling. Someone who is very rich tends to be better at managing their finances, they know very well that gambling has a high level of risk... so they are more careful when gambling. They gamble just for fun, because speaking of money and wealth, they already have it. In contrast to people who live on the poverty line, most of them hope that gambling can change their financial situation, so that every time they get money they will gamble because they think that when they win big, all the losses they experienced before will be replaced. and he will become someone who suddenly becomes rich. But what happens is the opposite, the big wins never come, while they are trapped in the addiction to gambling, which makes them continue to experience losses and live in suffering.

think of it this way. a poor person has a salary of 500$ per month, this poor person, when he pays all his bills, has 100$ to have fun, this means that the 100$ must be well managed if that person wants to play, go for a walk, go to the cinema, go to the beach or go drinking with friends. so let's suppose that this person takes the 100$ all intended for fun and plays in a casino and loses everything before the day comes to receive his salary, this person didn't win anything, he didn't have fun with other things in life, he was just playing and didn't win anything and to make matters worse the 100$ he lost he won't recover, he needs to wait for his salary at the end of the other month to enter his account so he can have 100$ earmarked for fun. In other words, at this rate the guy will just be losing money

he will be no longer living in the real world, he will not be having fun in the real world and that is not a good thing. while a rich person who has 300 million dollars in his account and has many companies that give him profits of $10,000 every day, this rich person can be playing every day with 3000$ and the next day he will have 10,000$ of profit from his companies and this rich person can be having fun every day, going to clubs, going to the beach, cinema, shopping, traveling and not be harmed because he lost 3000$ that he is gambling every day, and obviously for this person If you play every day, you will have a greater chance of one day hitting a big-money jackpot.

not only with games of chance in which rich people are more advantageous, even in investments and business, rich people have a greater advantage in success in relation to poor people, this is because with access to the best professionals in the financial area, the rich can easily hiring the best business analysts to give them advice on good business and the rich have their own capital and do not need to take out loans from banks to do some business, so the rich are very different from the poor. It is true that in case of lottery, even where only 1 ticket can be the winner, then the poor and rich have the same chances

The higher you risk, the higher your chances of losing and winning too, but what I have observed from some of my rich friends who are into gambling on some occasions I spend time with them, and we analyze games together, they risk high some 200k, 500k and some even bet with 1 million and above in my local fiat currency, and they're mostly involved in football betting, and they doesn't lose so often like the normal gamblers in the street that bets almost every day and hardly win, this guys focus only on playing a single match and no combination, So they are risking high in terms of funds but their lose is minimal, this is only from my point of experience with the rich gamblers.

Exactly, it is true that in gambling problems we cannot make rich, average or poor as a benchmark of who gets more wins and who suffers more losses, obviously there are no statistics that can be taken as a whole and as you say that for this problem it really depends on each individual perspective in assessing it. The logic however is that gambling is about winning and losing, no matter how rich you are if you cannot manage your gambling activities or for example you approach it in the wrong and excessive way then obviously rich or poor you will still be part of those who suffer a lot of defeat like addicts.

So the bottom line in this issue is that everyone has different assessments and ways of measuring, it's not about rich or poor but about who among them cannot manage and maintain their gambling activities which will obviously make them suffer a lot of losses, the fact is that gamblers are part of people who will continue to have problems with the risks involved in gambling and winning actually only applies to the house itself.

It might be that the rich are the ones who wins and loses more than the poor. It's the both actually.
It's quite simple because they spend more on gambling and thus they win as well as lose more than the poor.
The poor people don't have more money to spend at first place and thus they can never beat the stats of the rich in winning as well as losing.

It has something to do with that my guy because depending on your wealth, the gambling losses you'll feel will be significant, say Person A is rich and his networth is 1000 and his gambling loss is 100, he probably won't feel it because he's still have 900 while Person B is middle-class and his networth is 500 and he lost the same, he will definitely feel the damage because he's only got 400 left, Person C is the poorest and he's only got 150 and he lost 100 in gambling, he's going to suffer the most because he basically lost a huge chunk of his wealth. My point is that your financial standing is a factor to how heavy the losses is, just so happens that we compare it by raw numbers and not percentage.

Loses more has nothing to do with our financial condition, all of us can lose more regardless how is our financial condition. It is more about how we control our gambling activity, if we lose our control then no matter how rich we are, we can be poor later. The topic you are referring to is just an opinion from the poster based on something that he knows himself. I think there is no specific official study that evaluate about who get more losses between rich, average and poor. I'm an average person, I cant say that I lose more and I also cant say that I win more. Gambling is all about luck, sometime we win and some other time we lose. However, the house has bigger advantage than the player so it is quite normal if we lose more often than win.

Loosing in the gambling, is not by rich or poor but some time it can come by luck for you to use that amount of money to gamble to win but sometimes you can lose which are part of some of the things you will be experiencing some times in your gambling. Items of who gamble long in the gambling center, I think rich people gamble long because they have the money to gamble but they also experience losses some times.

Based on what I have observed from poor gamblers and a Rich gamblers, I think rich gamblers lose more than the poor gamblers because the amount of money rich gamblers will lose a day will reach poor gamblers to gamble a year.

The probability is the same for those who bet a lot or a little, but there is a very important variant that favors rich people: bonuses for playing.
It is undeniable that casinos value loyal players who spend a lot of money on their sites, which is why they distribute more bonuses for plays... the more time and more money you spend, the more bonuses you receive and this certainly increases your chances of winning. a good victory.

But disregarding that, the odds of you winning are the same with $10 or $1000.

This is not just because rich people have greater opportunities than poor people, but rather from the way these people have good plans and can take advantage of opportunities to make a profit, even if it is small. Indeed we cannot beat the house edge because after all the house edge will get opportunities that are bigger than what we play, that's why in gambling we have to be able to use skills, not only opportunities for rich people but poor people can also use the same opportunities as long as they can use the right skills.

Rich people definitely experience bigger losses than poor people, it's just that they are still able to gamble, while poor people experience losses which they think are big but according to rich people are small. Indeed, we cannot compare between rich people and poor people who suffer more losses. because both are basically equally at a loss. Maybe poor people experience more difficulties if they experience losses and this will of course have a big impact on their daily lives, which may be full of shortages, while rich people can still survive because they have more financial money than poor people.

as far as my experience goes, I have never thought about why rich people win more easily or poor people often lose. in fact, a lot of people who have lower class incomes have a winning streak and also many rich people experience losses because I think it's just about how much luck we have, not how much money we have, am I right?

and on the one hand, my mindset always thought that casinos or gambling were just a business to provide entertainment to customers and provide income to gambling owners. so whether the customer is rich or poor is not important and there is no special treatment on either side so the result is the same, even if you are destined to lose, you still lose, the most important thing is that the gambling owner gets income from his customers.
most important thing is whether rich gamblers or poor gamblers will not affect the chances of winning and the results will remain the same.

What about who needs money the most? The rich can always get some money from their vault or from their business as they always have. It's the poor who have no source of income but their wages from odd jobs that lose more in this scenario.

The rich can lose $1000 in their casino account but will still be able to eat decently at home and without regret going to the casino again after hours but for the poor losing $100 is like losing 5 meals.

Unfortunately, this thread is also going to be long as well.

You mean why people are "contradicting" themselves? They aren't. You probably understood it wrong. Yes, the house will always win in the long run. And both, the rich and the poor has equal chance of winning and losing each bet. But what the thread says is that the "rich" are more likely to win more money than those that are poor. Read the sentence again, and you will see that they are comparing between the rich and the poor. Not the rich/poor and the casino. And it is true because the rich has more money and they can continue gambling after few losses. They can place higher wager and bet more. On other hand, the poor, once they have lost few bets, they can't continue anymore. So the chances of them winning anything further diminishes to zero.

There is no much difference between the loses between the two as far has you gambling their is a high chance that you might lose, it does not choose either rich or poor, and if you say people that spend much when it comes to gambling will be rich people, business when they are with their business associate, and when they are having a chat  at the same time they are having a serious business discussion, and the poor only gamble to make money and the rich concerns will just be to get more business associates, and rich gambling circle is more of a cult to me because only people in their circle will be their with them when they gamble and they don't do sport gambling and they have drinks and enjoy gambling.  IF YOU NOT RICH don't compare your self with rich people when it comes to gambling, because you will just put your self in more problem.

In gambling it's fair that there's a chance that a rich, Middle class or even the point gambler neill loss big amounts. Like in rich guys some of them betting thousand bucks in order to make a profit in just single bet. But some of the rich gamblers aiming for fun and nothing at all. While some of the poor gambling wants to earn a lot of money through gambling which is we can not do that once you are too greedy.

I have to agree on this because poor people usually spend the money they don't have and they borrow a lot of money just to gamble, that's why they lose more and you can easily compute that based on your asset compare to what you've loss. Rich people will always have the money to support their addiction, and that is because of their resources that makes them more liquid though of course when it comes to rich people we're talking about millions of money, its just that they have buffer to cover for that losses.

Based on what you stated above, it was greed that made the poor people who had that winning game with two odds to add more games to their bet and lose, instead of just playing the game, the way it was predicted. I wouldn't say that is enough fact to say that the rich win more than the poor.

Gambling is the same for both rich and poor as it is not your personality that will win for you but luck. Imagine assuming those poor ones didn't add more games to the one provided, they will also win the game. I can say that the rich lose more than the poor because they have enough money to stake on any game that they want to bet on and if the lose, all the money is gone. A poor man can be cautious of his gambling activities and limit his losses but the rich wouldn't consider to limit their losses as they are big bettors. Gambling is the same for any category of gamblers, the rich don't lament or get frustrated when the loses, because they have businesses that gives them daily income but the poor will always get frustrated and cry out when he loses heavily. It is impossible to win the house hedge with your riches.

It is also true that the house always wins, which is why most gamblers often lose. And most gamblers believe in luck, but most don't experience luck often. That's what we knew from the very beginning of our decision to gamble at the casino.

Well, the rich and the poor experience the same loss; the only difference is the amount they lose at the casino. But being struck by luck is the same for the rich and the poor, often even for the poor who experience luck.