Topic: Why the rich win gambling more than the poor. (Read 3724 times)

are not supposed to be comparing the rich people losing in gambling and poor people losing in gambling or rich people benefiting in gambling with the the poor people benefit in gambling, there is there something that worth a comparison because I know very well not to comparing the rich people with a poor people it is something that does not have Evaluation, because I know quite well not poppable we gamble with the lower amount of money why the rich people we gamble with the high amount of money so there is every possibility that the rich people when lock is with them they make more money through gambling and when losses against them they will lose more money than the poor people so that is the whole scenario.

That's just it, the rich doesn't care if they lose or win because it's not gonna affect them in anyway but when the poor loses it troubles their emotions because they gamble to win and not for fun so if they are unfortunate not to win they get devastated because they will begin to feel bad since they are looking for a way to come out of poverty through gambling but instead they find their selves in more severe losses. The rich also stakes with huge amount and if they win they win huge too but the poor stakes very little and when they win it also comes in little form which they can even spend again while trying to win more but when the rich wins a huge amount, they invest it in other business and they are very calculative with their gambling, they don't gamble all the time unlike the poor that are mostly seen in gambling offices every day just because they are anxious for winning which they don't even win at the end of the day.

The rich are more relaxed when they gamble because they don't take it too serious but a poor man will be very vigilant and focused about any bet they stake and if it doesn't work in their favour they become so aggressive to people around them and their family.

You are right about those that are over leverage losing more in trading than those with regular sporting accounts but regardless of the fact that gambling is almost same as trading but thee is a slight difference between the both of them in the sense that gambling is more of probability while trading depends on your ability to understand the market and use the signals correctly but it doesn't mean that one should solely depend on trading because therer are bad moments in trading when you can apply all technical knowledge but you can still run into losses.

the right context to this argument is that the rich win more whenever they win and looses more whenever they loose. The rate of thier win or looses is purely dependent on thier individual betting amount. Let's say for instance that the supposed rich guy placed a bet with a $100 at a time and the poor bets with $10 at the same time. What will determine if they will win the bet is not just the amount that's used in playing the bet but it's more of the luck that they have or probably there experience in the bet. Let's assume that they placed the same bet and won 2× of the amount they stakes. So the rich literally won $200 while the pooran won $20. Did the rich win more than the poor man in this context? I truly doubt that that's the case and even if you reverse the scenario that they both lost in the the game, it's still a function of the amount played. If you bet with more, you will win or loose with more and if you bet with little, you will win or loose little, it's just simple as that.

Rich in quantity doesnt matter exactly but the leeway and freedom it gives while gambling does.    The main difference in being rich is the basic needs are tiny compared to your wealth, to eat and live is just a tiny cost and of no real worry.   If you gamble while poor you must be very modest, controlled with good discipline you might win the bets but it does take more in that control to win with a little. 

Also when you are rich you just have more time spare I think, more space with which to gamble and obviously more money to spend on every game without the losses mattering at all.   People who are less rich do often have the same option in crypto just to gamble a little till they are comfortable hence this word sums it up for.  Be comfortable and you are more likely to win, its not exactly about the magnititude and quantity of money you are betting but the ease and relaxed state helps with less anxious betting.

Don’t just say to walk away when you’re winning. That’s how people end up gambling and winning till they lose. Because they haven’t defined “winning” as an amount. Until you do that, you’ll likely keep gambling because greed would keep telling you to make a little more money. But when you set an amount. Once your reach that amount, it doesn’t automatically make you stop but you’ll have a sense of responsibility to obey and maybe it’ll call you back to your sense.

In fact, it still makes sense that those who are rich in gambling do not focus on pursuing victory because perhaps they are more focused or think of gambling as just for fun. and maybe even with the money they bet, it's not that big for them when they lose the money they bet, it's true what you said. In this case, rich people seem to win in terms of self-control because they still have quite a lot of money so they don't worry too much. , although there is still a possibility that they may feel upset about the loss of losing their money. and by being able to win in terms of self-control, it allows them to avoid big risks that should not occur and it can be said that it helps them to a greater or lesser extent in gambling.

I agree with what you said about winning not only in money, but in terms of thinking, the actions decided can be said to be wins and losses, which is clear in complete self-control when gambling. Apart from that, perhaps the difference between rich people and poor people is in their actions when they win, as you said about rich people who have won, they don't seem to be wasting their winnings by betting again with the aim of producing more wins. bigger, and with poor people whose goal of gambling is more likely to chase winnings, then when they win there is a big possibility that they will risk their winnings to get an even bigger win.

Yes I agree with that and I will reiterate your point that when a gambler makes or builds an intention in his mind to chase a big jackpot in gambling then he is opening the door for the possibility of bigger losses. And I think that possibility is indeed real, because we can see and make the downturn experienced by addicted gamblers as an example where instead of getting a big win but what happens is that they lose large amounts of money.

On the other hand, it is clear that when gambling is used as a place to earn income or a means to get rich quickly, it is clear that there will be no fun or entertainment element anymore but all running sessions will be filled with tension along with various pressures due to worries that will certainly always haunt a gambler, and I would say that however and until whenever the idea of making money in gambling can never work, because of course gambling is nothing more than a probability activity that runs without certainty and any guarantee of winning, meaning that defeat can never be avoided completely.

I still believe that rich and poor win identically in gambling. First of all we must compare them identically to have true answers. If millionaire bets $1000 and does not care if he looses, then poor person bets 10 cents and does not care if he looses. It is wrong to compare their bet size imho. It is correct the win rate and the amount of bets they made. And I really doubt that a rich person would bet $1000 only. For example if he doubles his bet, he would not be satisfied much, as $2000 is still little for him. Also one of the arguments why they both win and lose identically - lets suppose a millionaire bets $100k, a poor person bets all of his $1000. Both lose. Turn out that rich looses more. Then how can we say that he wins more. Something isnt correct then, as this is illogical.

That's a nice point mate, the moment one start hunting for jackpot in gambling that when he or she opens the door of more losses , because they would no longer see gambling from the fun part again , but as a means to get rich quick by just hitting the jackpot. Which has lead to alot of gambler down fall . Normally earning some Extra funds when you have fun is pretty good abusing that term is bad because you may endup getting yourself rekt,  due to the way one take gambling.

I also think that rich people usually gamble with money that they are ready to lose and are not too eager to multiply their money in gambling to get more, they just focus more on entertainment and fun, don't care about losing money that is smaller than the amount of their wealth, that's why Rich people tend to play just for fun, I think the concept of winning is not because they can get money from gambling but because they manage to control themselves so they don't gamble excessively and become addicted to gambling.

When a rich person knows when he has to stop gambling that is also called winning, so he doesn't always have to win with money but wins by being able to control himself, I personally believe in luck, I think rich people are definitely luckier because when they win he will not try to spend the winning money to get even higher winnings, of course they will stop playing when it's time to stop, so that their winning money can be withdrawn or saved back for the next game later, while poor people when given their winnings continue to play again in the hope of winning even bigger. It's clear from here that we have a difference

There could be alot of reasons why the wealthy win more than the poor and I don't think luck is a factor. I think it has to do with the fact that the rich usually will have a limit on how much money to bet and they will stick to that limit. If someone has a net worth of $1,000,000 and they lose $1000, they don't really care. But if you take someone who has a net worth of $2000 and they just lost $1000, most likely they will be on tilt and start to revenge gamble to win back that $1000 and we all know what happens in this situation, they end up losing even more money.

So the rich aren't as emotional and they don't get into these tilt situations where they aren't thinking and they start to bet more money than they can afford to lose and end up blowing up their bank account. This same situation applies to trading pretty much. Those which are overleveraged usually are the ones which lose money than those which are trading with a regular spot account.

Gambling is as easy as gambling but being a responsible person gambling is much harder. I made an account with a gmail and verified the account and then deposited some amount of money in that account and then we can start gambling. Controlling one's emotions in the game, making the right decisions, and not getting addicted to gambling are all very difficult for a gambler. Most gamblers fail at these tasks and find that they cannot take advantage of the gambling results. There is no such thing as rich or poor, those who have the right idea about gambling as well as those who can gamble responsibly will have the last laugh.

I would say that there is no story of rich people winning more often than poor people, because it is basically a fact that the winning opportunities provided by the casino apply to everyone involved in gambling regardless of whether they are rich or poor. Having a good financial situation like that of the rich can never be a guarantee that you will always end the session with a win.

But if we talk about the amount of winnings then obviously it is another thing, because the amount of budget that is bet by the rich and the poor will most likely definitely be different, for example the rich person bets the amount of $100 in one session while the poor person only bets $10 in one betting session, and if for example both are lucky then obviously the amount of winnings generated by the rich person from the session is definitely greater than the poor person, And I'm talking about the amount of winnings but not about how often they win, because in gambling there is absolutely no element of consistency in terms of getting a win, meaning that even if for example the rich manage to get a large amount of winnings but obviously the possibility of their defeat is also certainly greater than the poor.

A one time big win might lead to success depending on the amount that was won. But at the end of the day if the person do not use the money properly to go into a business or investment then the money we get finished at the end of the day there will be nothing will be left to gamble with. I always tell my freind its not to make a big win in life no matter the means you used to make it, the question is your mind in the level of managing that big win. I have seen people make big wins whether in gambling or any other way but went back to level of one. I think we should be prepared at all time which involves reading and learning from people who have passed through the stage.

It is quite true that there is no magic for the rich to win more bets than the poor. Rather, it is true that the poor do not have money, so once he loses a bet, he cannot bet again because he has no funds to bet with. If the poor cannot bet then there will be no possibility of profit in betting. The more you can bet, the more you have the possibility of winning, but the poor do not have that ability, so the poor are less likely to win at gambling than the rich.

The rich doesn't have any special place or treatment in gambling and the fact still remains that, why it seems that they make more winning than the ordinary gambler's is because a rich person have more money to bet often with, and as you know, the more you player the likelihood that you will win at a certain stage.


So thay makes it look as if the rich win more than the average gambler since an average gambler will just give up once the lose the money and stay away from gambling.

Gambling in a low or high financial state doesn't change what the game is going to look like. I have always thought about the difference of the rich and poor gamblers but still can't succeed in persuading myself enough to think that the rich win better than the poor. The whole scenario is simple. What you wager is the result you'd receive. Wager high amount, and lose or win big amount. Regardless of the known fact of gamblers who have won big amount going back to spend it on the casino again.

Nothing differentiates how players make their choices and the house being in control of how the results operates. Consistently maintaining a winning big strategy that works is not possible. Gamblers are only convinced on such matters of thinking that they can continually win big, because the house expect them to do so, and lose out the funds they've won.

winning big in gambling has never ment success, some people do mistake it to be but they are two different things, its just one been lucky to have one gambling once at a time in the game of gambling but after which it becomes that they are successful if they are able to maintain certain kind of consistency with how often they get to win such games and sometimes the amount, winning once can even mean you were only lucky and may not get to win such amount again after then so most gamblers with a one time big win are only just lucky gamblers and not successful gambler, if you want to be a successful gambler, there should be a track record oh how well you have been able to win as much as you have been able to maintain as a gambler and probably the much you have been able to achieve from the wins too.

I hope you're joking and don't write this seriously 
If a person has the opportunity to put more money into slots, then this is equal to the opportunity to lose more money and nothing else.
This is a game where the longer the distance, the more guaranteed the overall loss.
The only advantage of rich players is the wager; for large amounts, bonuses can be quite significant, but this does not negate the fact that even with this advantage, gambling is unprofitable.

How will poor people be winning win gambling like rich people when they always use small amounts of money, hoping for big returns? When rich people gamble, they don't take higher risks like poor people. For example, in football betting, when rich people want to bet, they will just pick up two teams or one team and stake it with a reasonable amount of money just to multiply their money. But you will see poor people picking up, like, 20 teams so they can get higher odds and win big, but they will stake it with a very small amount of money. I know that gambling is all about luck, but the truth is that when you take low risks, there is always a good chance that you may win the bet compared to a person who takes higher risks.