Topic: Why the rich win gambling more than the poor. - page 13. (Read 3724 times)

Yeah, rich people got their wealth based on providing value.

When you gamble you are not generating value, so there is no money coming in.

I don't think rich people actually gamble too much. They would prefer to use their time and resources in something that has a positive return of investment.

Is this really true that the rich make more fortune in gambling more than the poor, if this statement is true then we should know that it is because of their decision on lesser selection and high stake, a poor man gambles with a lesser amount with multiple selection of games because the funds without their reach reach will not be enough to boost lesser selection, is not about understanding financial management by the rich, is all bout using what is available in your disposal to get what you want, a rich gambler understands that if you stake high amount on few odds, the possibility of winning such gamble will be on a higher side.

Ovously rich gambling more its wrong they gamble more when they gamble the gambling with high amount of money that is more profitable for them. That's not about gambling more or other do gamble one in a day with huge amount that will be more profitable for then. On the other side poor don't have lot of money the gamble their limited that's the reason poor gamble a lot rich don't gamble a lot.

Logically speaking, rich people will have more money and of course they can play until they actually win, this will of course be different from people who have limited finances for their gambling sessions.
Don't we all believe that there will always be win in gambling, and this is what rich people do who use their money to be able to bet longer.
Maybe the winnings will not match the amount of money they have lost but they know that it is not all about winning that can generate profits but winning that can provide satisfaction.
After all, rich gamblers know how much money they use in gambling, rich people have ways of managing their finances and of course rich people have way of thinking that is much different from poor people.
I will never say that rich people can profit from gambling but I believe rich people can have greater chance of winning gambling, just imagine for example a rich person making 1000 bets there will definitely be quite lot of wins from the total bet.
It is impossible if there is no win in large enough number of bets because the way gambling works is that when there is loss there will definitely be win which might provide return for the gamblers even if it is only half the amount lost.

There are also those who get jackpot where when added up the jackpot will be much bigger than the amount of losses that have occurred so far, only this is supported by lifetime of luck which not all gamblers can have.
You can really count how many people have achieved victory like this.

That difference in their mentality could have an effect on many other different fields, but I do not think it matters much when we are talking about gambling, after all gambling depends almost exclusively on your luck, and since that is not something we can affect in any way or form both the poor and the rich should get overall the same results, it is just that because the rich bet higher amounts that it seems they are making more money than the poor gamblers out there.

The rich may bet more, skewing the idea that gambling is a "rich man's game". There's a hidden layer of discipline and understanding among those with fewer resources. They gamble for fun, preventing addiction. This is responsible gambling, in my opinion.

Gambling can deceive the impoverished because of the promise of great wins. Our online forum community involvement is crucial here. We must teach and encourage responsible gambling, knowing the fine line between entertainment and excess. Its about making gambling a fun activity rather than a frantic endeavor to improve finances.

I promote healthy gambling: Understanding the chances, dangers and boundaries contribute to a healthy gambling relationship, regardless of income. Gambling should be seen as enjoyment rather than a means to gain. This attitude shift is crucial to promoting responsible gambling. .

At the end of the day the rich person can simply make the same bets that the poor person is doing, with the only difference being how much they are betting.

The odds are exactly the same for both of them, so the onky difference will be how much money they lose in the end. 

But in reality, it is like that because rich people can win larger amounts of money than poor people, especially when they are betting, they use even more money. And that's why when they win, their win will be bigger than anyone else's. Regarding who understands gambling better, it depends on each person because there are poor people who understand that gambling is about entertainment, so they don't gamble excessively and can still limit themselves. He also won't gamble with big money and only uses enough money to gamble. They try to prevent themselves from losing money, especially if they don't have much money. They just want to enjoy gambling as entertainment and don't want to get into any trouble from gambling.

Well, I wouldn't say they are more financially meticulous than the poor person, only that they simply take less number of games and stake big, but the average person will want to take more selections to give them a good run for their money.
I've seen instances of these rich people staking big and before the game will end they may have seen that the outcome may not be favorable, they will quickly make a cash out.
 


The difference in mindset and psychology is a factor that leads to varying winning ratios, and it's clear that the wealthy have a distinct advantage in both aspects. I once heard a pretty good saying, "To make money, you first have to not be afraid of losing money," and I find it quite accurate, both in gambling and business investment. Fear can limit your mindset and lead to wrong decisions or hesitant actions that result in missed opportunities.

Maybe because of their bets, their bets are bigger than the poor. You have a great chance to win big if your bet is also big, but of course you must know how to play gambling. One win for the rich requires five wins for the poor, the difference is huge. So their difference is that the rich have a lot of money. There are still poor people
who wins big when struck by luck.

It's more like, rich people have where they consider a place of business and a place of fun. So, when a poor man wakes up, he focuses on a wealthy man's place of fun as a place for business but having the same expectations as the wealthy man when out for business.

You will expect that the rich man will play small when gambling but he obviously gives his shot which appears as big for the poor man. If he gets lucky with his bets, it's huge compared to the wins of the poor.

Yeah, absolutely.

Rich people is usually the result of someone having goals, plans, and executing them. Particularly in terms of making money.

That means that they are aware that gambling won't make them rich. Also, they already are rich anyway.

But a poor person, who might be great at many things, is usually not great at making money. And gambling is not a great way of making money, so they probably will be gambling more than the rich folks.

The mindset of rich people and the mindset of poor people are different. Rich people don't really care about winning or losing because the rich person's goal is to have fun while the mindset of poor people always has sky-high expectations for getting big profits. This is the difference between 2 camps that want different goals, one wants to be happy and the other wants to win. However, gambling don't discriminate whether the person is rich or the person is poor, because gambling luck is random, therefore we don't need to have expectations too high if it doesn't meet expectations.

In my opinion, it doesn't mean that poor people have a poor mentality. If they have a poor mentality, of course they won't take the risk of gambling even if they end up losing, indeed they are too hopeful about getting a profit, but they don't seem to give up to achieve it. Their mindset is indeed different from that of rich people. We feel the same way, of course we also hope that gambling will make a profit, but if we use an intelligent mindset, of course they don't think like that about gambling.

What you say is very true, in Fact things when Trying to do a better job in a casino because sometimes it is very advantageous to have money, because money makes it easier to think better sometimes, a person who has a lot of pressure and who o If you are used to Pressure, you can do things somewhat well, not all the time, but you can solve some things, but not all the time you will be able to have enough clarity, it is as you say , it is as if you had a direct connection with the brain and This is combined with the Emotions of being able to perform well, something that is very Difficult to do, that is why the people who are most successful in the game are the ones who risk the most and of course to take risks you must have a lot of money, a person If she is not rich, she will always have her way measured to do any type of Activity, and that is what we Should Always see, there is no other Option, we as thinking people know very well that things are like that.

In the person that do not have so Much money in the game and spend money because clearly they will have many losses and this will trigger many problems, in the case that more money is allocated to what should normally be Put to play , in this case we must do many things more to Guarantee that things are favorable to us, that is why a big game to lose is Better than a lot of money played and without control, a person who does not have control of his Finances can easily fall into Addiction while a controlled person therefore assume when you lose and do Nothing more to Stay there , in this order of ideas it will always be Advantageous to think from the Beginning and not do anything else but be there to do it better , at least with the money , because if you can at least have the enjoy and don't go to other instances to do worse things , like people who lose control and lose not only money , but friend s, family , etc. many more Things.

Gambling is actually entertainment for rich people, but most poor people try their luck and want to get rich from gambling, that is the fact that happens and we cannot deny that this phenomenon is actually still going on today, for some reason there are many gamblers who really want to be rich from gambling even though it is clear that many people fail and become poor because of gambling.

Maybe some of us have seen people who gamble all the time where they spend more of their time gambling and spending their money on gambling, but have we ever realized that they never became rich, on the contrary they lost everything, valuable assets, even their family? he doesn't have it either, therefore be a poor person who has a mindset like a rich person, that is, gamble like the way rich people play just for entertainment.

People are called rich because they can gamble with big money bets, while others only use small bets. Rich people don't think about the money they use for gambling because they still have more money, especially for their needs. They have a source of income that provides a lot of income, so that is why they can gamble with large bets. And that is different from poor people who cannot gamble with big bets. Those people can only place small bets or adjust how much they can afford. And many poor people use gambling as a quick way to make money, even though only a few can make money. Meanwhile, rich people don't gamble too often because they are more busy handling their business. After all, that is more important than just gambling.

My point is that the darkness in the hearts of rich people is probably more dense and cruel than your point of view, it's just that some part of their self overcomes small attractions, they may be extravagant and seem to spend money like water, but they exchange it for contracts, a failure for them is just a guide for their brain to form a more solid path. Such a liberal mindset is often accompanied by a decrease in the desire for perfectionism, when gambling does not arouse desire, gambling punching a wall cannot leave a scratch, rich people possess a very strong inner mind

There's a reason why they call them the rich. For instance someone that's wealthy started gambling it won't freak em as the poor who are gambling. Because he or she know that they have different sources of income that losses a poor man will take as a set back they will take as a petty losses and gambling hardly freak them it is rare  for  a rich man to be addicted to gambling because he or she won't have that much time only if they are casinos owners. But most poor will be planning to take gambling as one of their main sources of income which will take them much losses before hitting the jackpot and most endup giving before hitting it. While most rich people just take it as some thing they do for fun.

Yes it's possible, but I think the amount of $2000 is not a small amount of money and I don't think it would be that easy for a rich person to not feel any disappointment if they lost an amount like that in just a few seconds, at least the feeling of annoyance must be there even a little because after all everyone rich or poor have feelings, and especially for poor people, of course, as you said. On the other hand, in my opinion, the poor person you are talking about has the wrong approach to the goal, it is clear that he wants to win by placing the amount of money to double it, while on the other hand, this is gambling which always has absolutely no certainty about the final result, so it is only natural that he lost his money because after all it was a risk that had to be accepted. In fact, the problem of gambling comes back to the responsibility of each individual, rich or poor, if they cannot be responsible gamblers then it is clear that losing will always be a disappointing result.