Topic: Why the rich win gambling more than the poor. - page 14. (Read 3724 times)

Not too sure about that.

A rich person can easily bet and lose all their money as well.

What's stopping a rich person to bet $2k multiple times, or more actually?

It's the same in the end. The main difference is that a rich person is already rich, so they don't really need the gambling to become rich, so they don't really gamble as much as the poor person who wants to become rich.

A rich man will not look too disappointed if he loses $2000 dollars in a few seconds. He has the ability to lose the money. On the other hand, $200 is too much for a poor gambler. He may be betting for that money most of his time in a day or more. He is frustrated when he loses $200 instead of winning. Because he needs that money to meet the expenses of his family. He is desperate for $200 but if a rich person loss of $2,000 it wouldn't affect them. A rich gambler become normal in gambling in less time which is definitely difficult for a poor gambler. A rich gambler is able to enjoy stress-free gambling but poor gamblers don't get the opportunity.

Strongly agree with your point. The mindset people posses matters a lot. A poor man has just a few options and has to hold onto them firmly, this includes holding tight unto high expectations on returns from gambling. If  this is the mindset, how on earth will such a man consider alternative options of investment.

Poor mentality and not poor pocket has been the major reason why people are poor. When wealthy men work, they consider them as lucky men but then thy use what the poor consider a source of livelihood for fun. They must win definitely.

"Rich people win more than poor people" honestly for the problem of winning in my opinion rich or poor does not really matter, and maybe the difference is in terms of the amount they get, which is where the rich get a big win because the amount of budget they use is also large and far from the amount of budget allocated by poor people on gambling, simply put the rich might bet $1000 in each session while the poor only bet $10, if you calculate the number of wins then of course the rich will win more than the poor because it looks from the capital they bring much bigger.

But I think in terms of gambling it is not about rich or poor because obviously the situation will not always be in our favor, meaning that rich people can also experience defeat with a large amount and far greater than the defeat experienced by the poor. I think it's a game of perspective for a situation, which I've explained above refers more to who can get the bigger winnings from gambling between the poor and the rich, but if you ask me about who will win more often in each session between the poor and the rich then only luck can answer that.

Its a very simple reason why this notion of the Rich win more at gambling than the poor...look at it this way, the rich don't have greed in them and know when to walk away whenever they win or lose, and btw he/she could start with a bankroll of $20k and make $1000 profit and call it a day because  they know the value of time and money , but the rest of us want to flip $100 into $1000 by sitting behind a screen all day which is a recipe for disaster when you playing for long hours and hence why the Rich stay rich...

Luck is very important for a gambler but everything does not depend on it. If we want to measure achievements of gamblers based entirely on luck, then it will be very difficult and make the gambling business very unserious and not motivating.

Furthermore, if luck is the only thing that makes winning possible in gambling, then magicians would have had a strong footprint in gambling. Unfortunately, magic does not work in gambling and fortune tellers hardly made headways in gambling. There are people taunted as professional gamblers which attained that recognition based on experience and not how lucky they are. They are not magicians but simple humans that have spent so much time mastering a particular gamble such as dice or sports betting.


This statement is contradictory to your earlier position of gambling being based on luck. You still acknowledged the importance of brain power in gambling which shows that in addition to luck, there are other factors that are important in gambling.

And another fact is that the rich have good financial management so that he can become a rich man, what you said is quite logical about the rich who can make good decisions in gambling, none other than because as I mentioned earlier that the rich have a lot of money so that it creates calmness in him especially in making decisions, maybe you also already know that usually good decisions will come out when we are in a calm situation. True, on the other hand, the low sense of worry felt by rich people regarding the possibility of losing money is also a significant difference with poor people. On the other hand, in my opinion, the rich people you are referring to who have suffered heavy losses to sell some of their assets are people who are easily emotional and provoked in the sense that they cannot control themselves in gambling so that it makes them almost unable to control their gambling activities so that they overdo it by selling some of their assets which will certainly reduce the amount of wealth they have or even go bankrupt. Of course that's right buddy, for the problem of the impact of gambling is indeed all the same, meaning that everyone has the same possibility in terms of impact but maybe for those who can control and maintain everything then they will not experience too much impact in gambling.

You said winning rate. Which means you are not talking about the amount but how often they lose or win. That means you can not use that to compare the rich and the poor people that are gambling because it is possible that the rich win more often or lose more often. It is also good to know that most people that are gambling are losing than winning which also is indicating that the rich people may lose more money to gambling site than poor people.

Each person will face different risks depending on the amount of money they use. If people are rich, they may face greater risks than poor people because they use more money than poor people. On the other hand, if poor people also use a lot of money, they will also face the same risks as rich people. But indeed, rich people can bear the risk, while poor people are often unable to bear it even though they are gambling using big money. And it is true that if the rich win, their winnings will be greater than those of the poor. So the risks will be different for each gambler depending on how they can deal with it.

Sure it depends on luck, and it's different per gambler. Some gamblers may not know their actions once luck is on their side. It's all about the way one perceives gambling. If a rich gambler thinks that gambling will yield him more profits he may end up disappointed or even losing out on all his wins, on a lucky day. The skill they have to master, before getting profitable in gambling. It's never as simple as a gambler to just get to a point where things get easier or get winning assurance. Rich gamblers after earning huge amounts of money in their businesses must have learned money management skills, but it gets confusing to see them losing out on gambling without applying the management skills they've learned in the process of accumulating wealth. What could be the problem? I think that gambling is a different niche and whenever we begin to gamble, it's crucial to follow the precautions, as emotions are easily triggered in gambling.

Unlike other real-life activities, gambling has proven to have direct contact with the brain and can affect its action at any given time. The rich people only have the advantage of restricting how many games they can stake money in, but find it difficult to limit the amount of money they stake on that particular game. Thereby, their chances of losing big are quite very high. In terms of running broke, anybody could get into a financial problem, rich or poor, gambling or not. Differences only occur in situations where the gambler doesn't have any other form of earning money, so the outcome for such a low roller would be quite bad compared to a high roller. Who still has access to some money, which he'd be able to use in continuation for losing money in gambling. In the process, the high roller could win big. Then the journey gets fun again. Being a disciplined high roller is quite important and helps the gambler to see a huge win.

Indeed, the whole point is that only wealthy people can afford to take more risks in this life. For poor and needy people, this feature is not available by default. They try, on the contrary, to avoid such situations. As a result, nothing useful will ever come of them. I caught myself thinking this way when I see that I can’t afford to increase the rate or anything else.

Maybe then the best option for the poor would be not to gamble at all? This will at least save them from total ruin and large debts, from which they will have to get out for years, if not their entire lives. I have quite a lot of such friends. They do not realize that all this debt money will sooner or later need to be repaid. There is no escape or escape from this.

It actually happened you can see that rich win more then poor. Some poor win a lot but sometimes rich winning rate is more then poor because they have more money then rich and they can take risk more then poor. That taking risk helps more to win. They can take big risk after lose they can afford it but poor gambler has limited money and they can't take big risk and they can't afford it. That's the reason rich win win earn more then poor

I just wanted to write about this, but you beat me to it. )) Happenes.

Here you are absolutely right. A rich person does not attach as much importance to money in gambling as a poor person does. He can take many more risks, raising the stakes. Those who have little money cannot afford this. To understand in more detail what we are talking about, just watch various online streams. You can notice a lot of interesting things for yourself. I used to watch people playing slots almost every day, but then I got tired of it and now sometimes I play myself.

Your points here are certainly valid. Who are wealthy bettors do not need to gamble all day. If you make a big bet i.e. $2k or $3k you can get good returns. But it cannot be done in favor of a poor bettor. But the greed to get more with less money works more in those poor gamblers so we see poor gamblers lose their money. If a rich gambler loses a bet he can fund and start gambling again but a poor gambler cannot. Another plus point for rich gamblers is that they don't need to participate in high stakes. But those with less capital do more wagering to grow money and don't have money when they need it.

rich people may have the opportunity to play and bet longer than those with less capital. people may think the more we bet, the more we will get a greater chance of winning. that's what makes the opinion that rich people have a greater chance of winning.
in reality, luck can't be like that. some win with just a few bets, and some keep losing even though they spend many rounds. so everything depends on our luck.

Rich people are not suddenly more skilled at gambling.

When gambling everyone has the same odds, rich or poor. The thing is that the rich might have more disposable income, so they can lose more.

And the poor person might end up in financial ruin faster than the rich. But that's all, the odds are the same for both.

You cant tell that those rich people who do play gambling just for fun on which there would be still those fellas who do come after for huge winning.It is really just that rich people does have the advantage compared to those who are poor on which in terms of bankroll or financial capacity then they could really be able to apply different strategies since they do have that broader capital on which they could be able to apply various methods and ways on which they could be able to have chance about recovery of those losses on which we know that it would really be that hard if ever we do reflect it out
into those people who are really that having those small capital or bankroll that they do have. Once they lost then it would be completely game over.

Acknowledging the fact that the rich may possess better decision skills than the poor is fine, but not all would be able to perform well in gambling. Pierre2 in this response may have meant that due to the money the rich possess they are more relaxed while gambling than the poor. Because the rich have less reason to worry about money like a low roller would in his gambling journey. These few instances or differences are enough to justify the fact that high rollers have some advantages over low rollers. But it does not apply to all rich gamblers. In the years of gambling and reading articles relating to gambling, we've also seen some rich people who made huge losses that were enough to affect their net worth. Gamblers sold properties, just to gamble. I think the higher the bankroll of a gambler, his choices increase as well, thereby exposing him to a greater risk than the low roller. So the effect of gambling still works on everybody regardless of their monetary status.

The emotions as you mentioned, Nara, as humans we all can't escape them, that's why some rich gamblers don't control themselves too and put in more amount of money to secure a bigger reward capable of covering all their losses. However, it's certain, that gamblers who are experienced and have good strategies differ in this gambling application. One wouldn't compare an experienced high roller's wins to that of an experienced low roller's reward. This is where the changes of reward may matter, as the stakes now count. A lot of experienced rich gamblers bank lots of profits in one win, although it may not cover all their losses, it's like a nitro to keep them moving and motivate the gambler to perform better.  Therefore, the rich win more in cash than the low rollers. Both parties spend money, and that may not be accounted for in this comparison. No need to look at how much money the rich person has lost or the low roller. But, once in a while, the low roller could win a big amount of money that'll be big enough to compare to the high roller's profit.

I agree with the reasons above, it makes sense in my opinion.

Not caring about winning or losing is a characteristic of gamblers who do not use gambling as a source of income at all. For them, gambling is something that is fun and entertains themselves from the stress of work or other things, so they can bet regardless of winning or losing and stop whenever they want.

Rich gamblers can win bigger bets than poor gamblers. They can bet on anything they like, including sports betting. They can bet $10k on a single game and win $5k in return at odds of 1.5, so the difference is very clear to poor gamblers.

One of the reasons for this is greed. For example, a high roller is a rich man who starts betting with a $1k balance and starts betting with 50-100 USDT. Most of the time they can make money 1200-1300 with some common odds (2x). and it's enough for them to stop playing.

On the other hand, poor people start betting with 50 USD for example, and try to make a profit like 200-300. which is 4-6x the initial deposit. which is very hard to achieve without a nice multiplier. To achieve this nice multiplier they lost even after winning a good amount.

Another reason is rich people do gambling a fun. Looks like they don't care about the money they playing with. And yes when you don't care about money and play like crazy there is a nice chance to win big what you can not understand how you won this