Like you called it, the rich they have good money to spear and they won’t even feel anything losing money and rich people hardly bet on sport they usually prefer casino games like poker and dice and they gamble mostly when they are with there fellow rich folks, and in the process discussions of expansions will be going ongoing is just like they are risking money to get more money. The rich is smart enough not to depend on gambling because they know what is at risk. The same time most of them in there cycle are making good money the same time from when ever they gamble. When you talk about people playing for entertainment then that will be the rich they don’t really care about winning.
Even if rich gamblers have much money to spends in gambling, they must be careful and not breaks their limits because gambling can makes someone playing gambling without stops. If they can't stops themselves in gambling, they can loses much money without they realizes, no matter what gambling games they played. Gambling can tempts people to keeps playing gambling games because people will see many games that they can play so that's why people must take care of themselves and not breaks their rules. Maybe rich gamblers knows how to treat gambling so they just playing gambling moderately and will not trying to playing gambling too long because they knows that gambling can makes them spends much money. But rich gamblers knows that the chance for them to wins in gambling will not too big although when they wins, they can wins much money. They can use gambling for fun and not for makes money because they already have many source of incomes as their business.
Topic: Why the rich win gambling more than the poor. (Read 2900 times)
Rich people have enough financial backup so that if they lose a lot of money in a gambling game, they can gamble twice as much again, so that they lose twice the amount they lost in the previous gambling game. Money can profit. Although there are such facilities in the case of the rich, but in the case of the poor, they do not have such facilities because the poor do not have financial solvency, that is why they are poor. When the poor gamble, they will have a certain amount of money to gamble with, and when they lose, they will not have the money to gamble later. In that case, even if there is a chance, they will not be able to gamble later and they will not be able to recover their previous losses. This difference in money is what makes the difference between rich and poor gamblers.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Like you called it, the rich they have good money to spear and they won’t even feel anything losing money and rich people hardly bet on sport they usually prefer casino games like poker and dice and they gamble mostly when they are with there fellow rich folks, and in the process discussions of expansions will be going ongoing is just like they are risking money to get more money. The rich is smart enough not to depend on gambling because they know what is at risk. The same time most of them in there cycle are making good money the same time from when ever they gamble. When you talk about people playing for entertainment then that will be the rich they don’t really care about winning.
Even if rich gamblers have much money to spends in gambling, they must be careful and not breaks their limits because gambling can makes someone playing gambling without stops. If they can't stops themselves in gambling, they can loses much money without they realizes, no matter what gambling games they played. Gambling can tempts people to keeps playing gambling games because people will see many games that they can play so that's why people must take care of themselves and not breaks their rules. Maybe rich gamblers knows how to treat gambling so they just playing gambling moderately and will not trying to playing gambling too long because they knows that gambling can makes them spends much money. But rich gamblers knows that the chance for them to wins in gambling will not too big although when they wins, they can wins much money. They can use gambling for fun and not for makes money because they already have many source of incomes as their business. 
I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.
I'm not sure how you would pick up such anecdotal evidence, as the richest high rollers would often be found gambling behind closed doors and in private casinos where the average person will not have access. Besides that they are susceptible to the same odds as everyone else and are not going to be beating the basic mathematical odds that define win percentage. They are more likely to be higher educated though, which means they might avoid certain games that they know have a much lower chance of winning, or if they play blackjack for example & they're more likely to know to stop on 16 or 17 in order to have the best chance of beating the dealer.
With the experience I have seen so far, the rich gamble more because they are not losing anything, they are still getting money because they don't actually depends in gambling as their source of income, and some of them gamble for entertainment, so whether they win or not, they really don't care and I have also noticed that this kind of people wins more too because they don't have the mentality that they will become rich from gambling. So they gamble maybe to ease stress and pressure etc. And also they also gamble more because they are not afraid to lose and they are also working out their money in other ways like from their skill of acquisition or in their place of work.
But it's not a wise way to spend the money. I am not rich so I cannot understand that but for me, most rich people don't just spend away their money and that is why they can keep their position as a rich one. One good example starts with purchasing bulk things which if we think long term is way cheaper than buying retail. Now when it comes to gambling, I don't think they just gamble for the reason of fun and entertainment only, they also want to win as much as possible so that they can keep the money and maybe more.
The best part of having more riches, the chances of getting that win are higher because of your almost unending balance. Most gamblers who losses is because they lack the budget so they cannot go back and chase them after they depleted their balance.
With the experience I have seen so far, the rich gamble more because they are not losing anything, they are still getting money because they don't actually depends in gambling as their source of income, and some of them gamble for entertainment, so whether they win or not, they really don't care and I have also noticed that this kind of people wins more too because they don't have the mentality that they will become rich from gambling. So they gamble maybe to ease stress and pressure etc. And also they also gamble more because they are not afraid to lose and they are also working out their money in other ways like from their skill of acquisition or in their place of work.
Like you called it, the rich they have good money to spear and they won’t even feel anything losing money and rich people hardly bet on sport they usually prefer casino games like poker and dice and they gamble mostly when they are with there fellow rich folks, and in the process discussions of expansions will be going ongoing is just like they are risking money to get more money. The rich is smart enough not to depend on gambling because they know what is at risk. The same time most of them in there cycle are making good money the same time from when ever they gamble. When you talk about people playing for entertainment then that will be the rich they don’t really care about winning. 
With the experience I have seen so far, the rich gamble more because they are not losing anything, they are still getting money because they don't actually depends in gambling as their source of income, and some of them gamble for entertainment, so whether they win or not, they really don't care and I have also noticed that this kind of people wins more too because they don't have the mentality that they will become rich from gambling. So they gamble maybe to ease stress and pressure etc. And also they also gamble more because they are not afraid to lose and they are also working out their money in other ways like from their skill of acquisition or in their place of work.
What is certain is that rich people have the capital to play bigger. they get more opportunities in the game. I'm not sure how much capital to use to win. but those with more games may have more chances of winning.
gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
In contrast to people with limited finances who will only bet small amounts and increase their winnings by looking for or creating large odds, they will often lose because the betting option, the bigger the odd, the more impossible it is to win.
This difference will always exist and that is the reason why rich people always win big, but on the other hand, what most people can't think about is that when rich people lose, they also experience losses that perhaps cannot be imagined.
Most gamblers only think and have perspective about big wins, they don't try to see the dark side where rich people also take big risks and losses.
As small gamblers we will never be able to follow or try to imitate what rich people do when gambling, it would be much better to forget about big win and put more effort into studying to increase opportunities and minimize losses.
I think it's because of the way they gamble, the richer have less to worry about and they gamble based on what they know, they pick few games and stake high on it, that's how they gamble, less risk and high stake, but the poor can't afford that strategy or wait for so long trying to multiple their money si instead they would put all their problems in one long slip that has a 1000 odds and woudl most likely not play out and stake small and at times to even out their chance of winning they would have multiple tickets and stake so much little amounts on all of them.
I can recall a man on my street that usually is seen with so many bets slips and all of them are so long, he woudl pick up draws in one slip and wins in another slip and over 2.5 in another, and that's how he woudl give each selection one slip till he has so many slips on his hands and worse of all I've never heard of him winning before.
I can recall a man on my street that usually is seen with so many bets slips and all of them are so long, he woudl pick up draws in one slip and wins in another slip and over 2.5 in another, and that's how he woudl give each selection one slip till he has so many slips on his hands and worse of all I've never heard of him winning before.
Any rich person have the mentality of becoming rich more and the kind of amount they will use for gambling someone who is poor cannot use such amount to gamble a rich man have the opportunity to take a very big risk but a poor man will not think of getting into risk because it's always conscious or for the one that he has and he don't want to take a risk and get more so the reasoning of poor person and the rich person is not the same
Rich doesn't consider it a source of earning, they consider gambling as entertainment. The rich have different sources of income, and they just as an enjoyment spend on gambling and never expect a win out of the gamble. This isn't the situation with the poor people, they find gambling as a source of income and keeps trying. This makes them take unwanted pressure and keeps gambling with the hope of making money. Rich allocate a small amount and he or she spends it for the day and stops. This mostly won't end up with big loss and here they might win better than a poor guy focusing to win and multiply his bet amount.Gamblers especially who are addicted, whether rich or poor, they lose at gambling. In this regard who have less money can protect themselves from more loss. Just as a rich gambler can never guarantee for winning a bet, he never worry too much about his bankroll. Because whatever the money in the bet there is a possibility of loss. Again the same happens with the poor gambler. However, even if a rich gambler loses money, it is not as easy to manage that money as it is for a poor gambler. While the rich can easily return to gambling, it takes time for the poor to replenish their bankroll, which is why the rich have a slight advantage and are equal in terms of winning or losing.
Whoever has less money can protect himself unless he has no self-control, making him lose his sense of self-control. Many people, especially people who don't have a lot of money, have created problems for themselves by borrowing money from other people to gamble. When he lost all his money at gambling, he was confused about how to return all the money he borrowed. This can also happen to people who have a lot of money because they can also lose control of themselves when gambling. That is why everyone, rich gamblers and poor gamblers, must really control themselves while gambling and not spend too much money gambling. These are those who can use gambling as entertainment and will never gamble excessively because they know it will cause serious problems for them.
A rich person can place one bet of $100,000 on 1.10 odds and win $10,000 just like that, whereas a poor person must win many bets in a row to win that same $10,000. I agree that being rich makes gambling more "fun" in that losing a bet or multiple bets doesn't make or break your bank.
However it doesn't matter how much money you have, all it takes is a handful of bad beats and you could be flipping burgers at McDonald's. That's why people should only gamble with what they can afford to lose.
However it doesn't matter how much money you have, all it takes is a handful of bad beats and you could be flipping burgers at McDonald's. That's why people should only gamble with what they can afford to lose.
With the experience I have seen so far, the rich gamble more because they are not losing anything, they are still getting money because they don't actually depends in gambling as their source of income, and some of them gamble for entertainment, so whether they win or not, they really don't care and I have also noticed that this kind of people wins more too because they don't have the mentality that they will become rich from gambling. So they gamble maybe to ease stress and pressure etc. And also they also gamble more because they are not afraid to lose and they are also working out their money in other ways like from their skill of acquisition or in their place of work.
What is certain is that rich people have the capital to play bigger. they get more opportunities in the game. I'm not sure how much capital to use to win. but those with more games may have more chances of winning.
gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
Their chances of winning could be high but not steady. Gambling is what it is for a low roller and high roller. It's important to note this, gambling is vast and doesn't end up being an activity performed in the casino alone. Hence, in other forms of gambling the rich could be making better opportunities out of it, but, in casinos things seem similar for both classes. One gets more than what he wagers and losses big if the wagered amount is huge. A low roller doesn't feel much pains when he losses. Think of the face of a high roller who lost a whooping amount of money.
That's just it. When one wins he feels he's won so big, yet forget he's been losing big amounts more than he's won this huge amount. Many players think it'll definitely arrive, the win, yes it's quite certain any gambler could win at any time, but that doesn't mean the player wouldn't lose a whooping amount in the waiting process enough to be bigger than what he just got? The odds operates against the players, hence both classes have same chances of losing and winning. Only a difference in wagered amount. Big wager, big loss or win; small wager, small loss or win. Although a player can use a little amount and win big, but it's not just frequently done.
What is certain is that rich people have the capital to play bigger. they get more opportunities in the game. I'm not sure how much capital to use to win. but those with more games may have more chances of winning.
gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
If your a sportsbook gambler, it ain’t easy to associate certain odds with a high probability of a win. It’s the first means to getting by with predictions and the next is how well you know a team. Such that, even when they are given high odds, you could still come up with good predictions on possible results.gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
Rich gamblers often goes for the high stakes and low odds which means, they’ve got high chances of a win. In most cases, they eventually do, it’s low risk right. For the poor gamblers, they depend on high risk and accumulator options to attain odds that would make their stake worth something. In most cases, it ends as a loss.
In most cases, low odds in some sports are likely to happen. So these rich gamblers can afford to put high stakes and this is like a sure win for them. But of course, it is not all the time that they are in luck. However, for poor bettors or small time rollers, they are taking their chance to higher odds as they have only small amount of bet. Hoping that there will be upset in the game to gain good profit. But we all know, it depends on the sports you are betting with, the likelihood of upset to happen.
What is certain is that rich people have the capital to play bigger. they get more opportunities in the game. I'm not sure how much capital to use to win. but those with more games may have more chances of winning.
gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
Rich gamblers often goes for the high stakes and low odds which means, they’ve got high chances of a win. In most cases, they eventually do, it’s low risk right. For the poor gamblers, they depend on high risk and accumulator options to attain odds that would make their stake worth something. In most cases, it ends as a loss.
But sometimes the low risk engagement can also be quite disadvantageous to the rich gamblers, it's just like going all in, a gambler betting all his money in just a single stake with intentions of making double of his stakes. Gambling can be really unpredictable, especially when it comes to Sportsbook, no matter how well you know a team, there's and no matter the odds given, the chances of losses are there and going all in could either increase your chances of losing, or increase your chances of winning, depending on the outcome of the game.
Some rich gamblers end up losing even more than the poor gamblers when the odds suddenly turns against them and single mistakes can end up claiming all their money and make them incur huge losses compared to the poor gambler.
Well you can say for sure if that's actually a huge loss for the rich gambler while comparing to the poor gambler, because of their differences in financial status and capabilities.
What is certain is that rich people have the capital to play bigger. they get more opportunities in the game. I'm not sure how much capital to use to win. but those with more games may have more chances of winning.
gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
Rich gamblers often goes for the high stakes and low odds which means, they’ve got high chances of a win. In most cases, they eventually do, it’s low risk right. For the poor gamblers, they depend on high risk and accumulator options to attain odds that would make their stake worth something. In most cases, it ends as a loss.
With the experience I have seen so far, the rich gamble more because they are not losing anything, they are still getting money because they don't actually depends in gambling as their source of income, and some of them gamble for entertainment, so whether they win or not, they really don't care and I have also noticed that this kind of people wins more too because they don't have the mentality that they will become rich from gambling. So they gamble maybe to ease stress and pressure etc. And also they also gamble more because they are not afraid to lose and they are also working out their money in other ways like from their skill of acquisition or in their place of work.
What is certain is that rich people have the capital to play bigger. they get more opportunities in the game. I'm not sure how much capital to use to win. but those with more games may have more chances of winning.
gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
It's more like, the bigger the bankroll the higher the chances of winning, and that's the advantage that the rich have over the poor.
But it's also important to know that this could also be disadvantageous too as it also increases the chances of more loss for the rich, because the higher his stakes, the more there is at stake to be lost.
With the experience I have seen so far, the rich gamble more because they are not losing anything, they are still getting money because they don't actually depends in gambling as their source of income, and some of them gamble for entertainment, so whether they win or not, they really don't care and I have also noticed that this kind of people wins more too because they don't have the mentality that they will become rich from gambling. So they gamble maybe to ease stress and pressure etc. And also they also gamble more because they are not afraid to lose and they are also working out their money in other ways like from their skill of acquisition or in their place of work.
What is certain is that rich people have the capital to play bigger. they get more opportunities in the game. I'm not sure how much capital to use to win. but those with more games may have more chances of winning.
gambling is indeed luck, but luck also comes with opportunities. and the rich are closer to their chances of winning. although it does not rule out the possibility that those who bet small can also win.
With the experience I have seen so far, the rich gamble more because they are not losing anything, they are still getting money because they don't actually depends in gambling as their source of income, and some of them gamble for entertainment, so whether they win or not, they really don't care and I have also noticed that this kind of people wins more too because they don't have the mentality that they will become rich from gambling. So they gamble maybe to ease stress and pressure etc. And also they also gamble more because they are not afraid to lose and they are also working out their money in other ways like from their skill of acquisition or in their place of work.
Any rich person have the mentality of becoming rich more and the kind of amount they will use for gambling someone who is poor cannot use such amount to gamble a rich man have the opportunity to take a very big risk but a poor man will not think of getting into risk because it's always conscious or for the one that he has and he don't want to take a risk and get more so the reasoning of poor person and the rich person is not the same
Rich doesn't consider it a source of earning, they consider gambling as entertainment. The rich have different sources of income, and they just as an enjoyment spend on gambling and never expect a win out of the gamble. This isn't the situation with the poor people, they find gambling as a source of income and keeps trying. This makes them take unwanted pressure and keeps gambling with the hope of making money. Rich allocate a small amount and he or she spends it for the day and stops. This mostly won't end up with big loss and here they might win better than a poor guy focusing to win and multiply his bet amount.While the rich sees gambling as an entertainment that is used to either network, negotiate or make deals with business partners, the poor see it just as you said, as a means to earn quickly to meet immediate needs and pay off debts.
Also, the bargaining power I am referring to here is the money involved. The rich might spend much money just to enjoy the thrill of gambling as compared to the poor and the rich may care little for the profits or wins so much so that they even offer chips to observers who can try their own luck on the table.
Any rich person have the mentality of becoming rich more and the kind of amount they will use for gambling someone who is poor cannot use such amount to gamble a rich man have the opportunity to take a very big risk but a poor man will not think of getting into risk because it's always conscious or for the one that he has and he don't want to take a risk and get more so the reasoning of poor person and the rich person is not the same
Rich doesn't consider it a source of earning, they consider gambling as entertainment. The rich have different sources of income, and they just as an enjoyment spend on gambling and never expect a win out of the gamble. This isn't the situation with the poor people, they find gambling as a source of income and keeps trying. This makes them take unwanted pressure and keeps gambling with the hope of making money. Rich allocate a small amount and he or she spends it for the day and stops. This mostly won't end up with big loss and here they might win better than a poor guy focusing to win and multiply his bet amount. Jump to: