Topic: Why the rich win gambling more than the poor. - page 16. (Read 3724 times)

It's very common these days, we tend to find more persons who would always broadcast the little time they experience some wins leaving or hiding there losses from the public. And this is the more reason we find some persons trying to do the same but at the end of the day, they end up quiting or seeing something else other than what the next person posted on his status. Wining isn't easy for both the poor and the rich, but considering less risk by chosing a single game for a bet with high stake, has more probability of winning than making selections from a dozen of games in a single bet slip. All I'm saying is, the rich tends to use this strategy more, and that is why they are likely to win more because, their betting strategy isn't a greedy one.

The games are fair to everyone, it is just the rich may give the appearance they are earning more than other players just because the bets they are making are higher, however the assumption rich gamblers somehow profit more than the poor ones does not really make any sense, as if casinos were making a distinction on the outcome you can get depending on the amount of money you are using, or in other words a casino was cheating their customers, what makes the most sense for such a casino? To cheat their customers with low resources or to cheat their rich clients? So if a casino was making a distinction between their clients, rich gamblers must lose more on average as this will be what will benefit such a dishonest casino the most.

True, at the end of the day rich and poor have both the same odds, and there is also usually a maximum bet anyway in games.

The difference might be that the rich have more disposable income, so they can lose more money, and therefore their wins might seen higher in comparison (but also their losses).

As usual, gamblers only talk about their wins, so with the rich ones being larger, they attract more attention.

But in the end, most gamblers, rich and poor, end up with losses in the end. The rich just losses more.

Gambling is never the game of the rich winning more than the poor is the game of how lucky the player is and how far the player can go. We need to face the fact most people on the internet only share something they want the public to know about them.
A rich person may post how he/she won millions through a game but he/she will never tell or show the times he lost before the winning and the huge fund wasted along the line.

For me, I just feel that the rich guys don't get too disturb by their loses and don't feel the need to chase their loses whereas the poor folks are the one's that get crazy whenever they acquire some kind of loses and they tend to forget about everything and chase after their loses to see if they can recover their capital funds and before they know it they have turn the habit to something else and lost all their little bankroll in the cause of chasing their loses. Another reason is the risk involvement when it comes to gambling as some gamblers tend to go with less and high capital for good possible returns while for the poor gambling the risk is more and less money so they can actually get something tangible if eventually the bet entered for them.

On the one hand, the assumption about rich people getting richer is justified. The simple reason is because they have a lot of budget to try something even after dozens of failures, this includes gambling. Then from that, I don't think they gamble for money because in all probability they gamble for fun. Their luck may be the same as other gamblers, but what makes them different is that they can continue gambling even after losing.

Not only in gambling, but I think there are many rich people who are getting richer because they have the ability to improvise with several different strategies both in business and other things including investment. Gambling in the long term will certainly not be good for their financial strength, but as long as they are able to control their expenses then perhaps gambling will only be considered a place to have fun.

Well you said the difference is quite reasonable for both situations of a person between the rich and the poor where the strength in the amount of money is the main focus to make the difference, as you said that the rich have more money and that means they have many opportunities to experiment compared to the poor who have limited money and certainly will not have many opportunities to engage in gambling. But on the other hand I think for that problem I really can't conclude that by having a lot of opportunities then they will get more wins because obviously all of that will still depend on how lucky they are in every session they do. So for me personally I think for the problem of winning it goes back to how lucky they are if indeed they gamble on the type of gambling purely relying on luck.

On the other hand your idea does make a little sense about having many opportunities it will increase the winning percentage, I think more precisely is closer to luck because the experiments they do more often than the poor, but isn't it usually for example in 10x experiments the percentage of defeat is much more frequent than victory? and if calculated then the same level of defeat is still a lot and the same as those who have few opportunities.

The rich people need to remember that being smart in gambling has nothing to do with their riches. The low roller can have a better experience than the rich gambler, which means that he may still win more in gambling. It doesn't matter if a gambler is rich or not. He needs to be careful with his bankroll and gambling responsibility, not to run out of all his profits. Why the rich only move better than the poor in gambling, is the need for high wagers to win bigger amounts while gambling. It all matters, the motive of the gambler and how disciplined he is about managing his gambling lifestyle. If gambling was mainly about the rich winning huge amounts of money, all rich folks would be gambling by now. The risk involved in gambling can affect the riches of the gambler, however, not sure, but could get the rich person broke and less focused on doing his daily tasks or being productive in his businesses.

That's why most of them despite the huge win opportunity made available for the rich, still need to be intelligent on constructive means of analyzing their games and minimizing losses either through wagering small funds or limiting the time spent gambling. The low rollers also win big amounts of money, with their little money. They could make good predictions and manage their ways of gambling. However, everyone needs to stay clear of being addicted to gambling. Rich or poor. Because any of them could be the victim of what you just explained above. Borrowing money and chasing loss. For a rich man to go broke via gambling, can be more difficult compared to a low roller. The rich have managers and close people who can monitor their moves so as not to get addicted and wager all their wealth through gambling. Such problems don't know about the status of the gambler, chasing loss.

Well yes, the secret will always be to have a good job so that more profits can be generated, in fact this also depends on where you are, because this is something logical, if we are working more, we should earn more, but for example in the country that I live, it's not like that, here you can work a whole day for more than 10 hours and the earnings are very minimal, it's per month, so things don't make sense like that, in fact for that reason when we are in a country like the USA, which where you pay by the hour because things sound very different, because what has happened in many countries in South America is to arrive in any way to a cosmopolitan city like the USA to work in whatever way you can in order to make a lot of money, but What they don't know is the high level of life expectancy that there is, just as you win and that's how you spend it, that's what has always been seen, however there are people who believe that by being in a casino you can get better profits than the ones Of income from work, maybe yes, but this is something constant.

Now when we are looking at the way that a type of income can be made that is safe, I don't see anything else but that one, although I might think that the things when it comes to being closer to a casino could be sports betting because it is something What can be won or have the opportunity to win through knowledge, in a sports bet it is always based on knowledge, and based on that it is possible to highlight such a thing, but it also has a great risk, I would say that things When it comes to taking more money it is to do it safely, in trading you can also earn a lot of money, but you have to know how to trade, there is no other way to manage things better, that is why we must always look for the best. Sure, they are things under which you can do a lot but with a great risk Associated and that is what is dangerous, so those who add the risk should know that it is very easy to lose.

The difference lies in the total number of games they can play. Those who have large capital can always have the opportunity to play longer, this indirectly increases their percentage of winning.
Unlike those who have small capital, they will be limited in the total number of games they can play because of course each game has a minimum bet.

Yes, although it is possible that these big players also use high betting values or even go all in, there are definitely not many people who are crazy about going all in in 1 playing period.

The amount of money you gamble doesn't really change the odds you have in a game.

Basically rich people can stay there, playing for a longer time. But they will inevitably get to a point where they don't have more money to bet with.

That's the difference, a few hours.

But in reality, rich people don't gamble.

The most reasonable reason is that they want to make money quickly even though that will not happen as expected in gambling. People who don't have a lot of money and pin their hopes on gambling will only be disappointed, especially if they use the money that should be used to meet their needs. Rich people have a lot of money, which means they can gamble with any amount of money they want, and of course, they can also place bets with any amount of money. This is something people who don't have a lot of money can't do. They will only bet with sufficient amounts of money, and although they can still rely on luck, it may be difficult for them to win. And if people who don't have a lot of money lose and lose all their money, maybe they will borrow money from other people just to keep gambling and chasing wins. It is not recommended for all gamblers who don't have a lot of money because it will only speed up the process of losing money without being able to win.

One of the reasons why I have to agree with you is because the rich as they already have the money, they will just pick a little odd and stake big money on it, and we know that smaller odds hsve a hifh chance of winning than the big or bigger odds.
When it comes to the poor guys, they will want to use their little money to win millions of dollars, some of them will not put in mind for the full gamble to play but just want half of it to play so that they can cash out if their is any cash out option.

It is very clear to see bro, when you risk more money, you’re on a verge of having a better profit than a poor person that can risk a little. One thing with the rich people again is that, when they fail in this games, they inject bigger money in games that they are sure of winning to recover all of their loss funds easily. Gambling is a game for the smart ones and the rich ones are more smarter in this case than the poor.

Maybe it is a way to get out of poverty but they still can't make money from gambling because gambling is not a job like the work we do every day. When we win from gambling, we can use it to meet our daily needs, but we still have to try to make money from other places and not just focus on gambling because we don't win continuously from gambling. Maybe only lucky people can win more often from gambling, but there are not many of them, so we have to know ourselves and not try too hard when gambling. Otherwise, we will lose all the money and be unable to recover the loss even if we use more money. Playing gambling will not give us money even if we decide to gamble more often and we will even experience bankruptcy. Therefore, we cannot rely on gambling to make money because there is a greater risk of losing money. Moreover, we can also get a gambling addiction, which is difficult to cure.

Looking for a temporary job will be much better than expecting to make money from gambling because we don't spend a certain amount of money to make money but we use our energy and thoughts to work and get a salary. From this job, we can earn money which we can use to meet our daily needs, and we can also save for our future. When a person decides to go to a casino to make money, he will see that the odds are not as great as he expected. He can lose self-control when gambling, which can result in him becoming addicted to gambling at a certain time. The more often he gambles, the more he experiences a gambling addiction than he imagines, and most people would not imagine what it would be like if they experienced a gambling addiction in a short time. They only think about how they can make money in a short time from gambling but don't think about the risk of losing more money from gambling. If they were willing to think about the risks, maybe they wouldn't want to try it and instead look for a job that could make money.

Gamblers who are just starting in gambling will use random bets because they are still looking at the types of gambling games so they have not yet decided what game they want to play. After some time, they gamble and play many gambling games; they then decide to choose a game they like so that they will gamble on it for some time. They will still find it difficult to make money from gambling and cannot catch up with what their friends have earned, but they can lose a lot if they don't learn self-control. Getting a big loss when playing gambling is something that can happen to every gambler, especially novice gamblers, so they must always be careful in using their money and also always control themselves when playing gambling.

We are all different and cannot understand it with the same understanding, but we can learn to avoid becoming addicted so that we can gamble as usual. Maybe some people can make a lot of money from gambling but only a few people can get it while the others only experience losses. And that's what happens to rich people who gamble. They can gamble with a lot of money and can also enjoy gambling as entertainment. Meanwhile, those who don't have a lot of money must always limit their finances when playing gambling, especially if they have daily needs that must be met. Those of us who don't have a lot of money have to be smart about managing our money for gambling so that we can still enjoy gambling as we should and can stop gambling once we have gambled enough.

They perceive it as the cheapest method to leave poverty, but they don't realize that not everyone will be lucky enough to escape poverty through gambling. And I realized something: as long as we don't have equal fingers, no one can be rich; yet, if we take our lives seriously, we can pay our debts and it will make everything better; nevertheless, if you don't handle your money wisely, be prepared to start over.

You don't compare your self with anyone that is why some of them are turning addicts and sell properties and first of all we are all different so is our financial capabilities so we should understand that and one common thing with gambling is that you can not always win no matter how good you are in prediction. People who make good money from gambling are few and the ones that loses a lot are many and they don't learn they keep playing and keep losing when you lose, at least give it a break and resume latter. It will even look more interesting to play than always playing frequently. And rich people also have a budget that is if they want to gamble they don't just set place without consideration to gamble, and that is what smart people do.

It's simple, rich gamblers have a large bankroll and they are capable of betting big amounts which can be associated with big wins. The larger the bankroll, the longer they can play, giving them more chances to win, unlike poor ones, their bankroll is just a small figure. Sometimes, before hitting a big win, the bankroll should accommodate big losses first, and since rich gamblers do have large bankrolls, they can wait for that big win to come even after losing big at the early bets.

Also with a large bankroll and steady source of income, these rich gamblers are just relaxed and not pressured at all to win. Poor ones on the other hand are pressured and stressed to win since if they lose that money in gambling, it's a disaster for their finance. The focus is not 100% on these poor gamblers since they are worried that they will lose.

You have actually said one of the reasons I think that the rich make more money in gambling than the poor. A rich man who has seen thousands of dollars and have also touched millions of Dollars will always gamble with a good capital and expect a little return. This is because there will not be much risk in his gambling strategy, but a poor man who has not handled big amount of money will want to win millions of sollars with a few cents. This is the reason why the poor keeps losing their little token. While the rich will use huge amount of money and gets small profit.

I think this is what actually happens, if the poor can actually go for a less risky games, they can win as much as the rich. While the rich sees gambling as fun, the poor see it as an opportunity to become rich.

The rich take advantage of some games, but not all. In sports gambling, the rich would be able to stake huge money in a single game, maximizing their chances of winning big in the game. But that won't be achievable in slot games. This is where bankroll management comes in, if a rich player wagers a huge amount in games like slots he'll find himself in the shoes of the gambler described by Virasisog. So, I think the results of both sides depend on planning and calculated expenses. The low roller still has the chance of winning big if he makes the right prediction. In games like Black Roulette, if a low roller can predict the right number for the ball correctly he'd win big, regardless of the amount of money he staked. Those are big luck games, for players with the idea of luck. Whatsoever a gambler does he is expected to have an idea of what he's into, especially for games like slots. It knows no rich or poor like you said.

The only benefit of being a rich gambler is the results that follow wagering huge amounts of money, even in slots. The risks are very high for the rich player because he'd be losing money that looks big to him. The money he wagers could be a big win for the low roller.

However, an inexperienced high roller may end up broke in gambling, compared to an experienced low roller. These criteria or differences must be talked about in such threads or arguments because all rich gamblers are not smart gamblers. Not the whole of them will be able to make the right decision in gambling. Most of them still make big mistakes and don't know reasonable strategies like money management that can reduce their rate of losing money. The fact they are rich doesn't mean that their money management skill is enough to counter the urge to gamble more when faced with losses. I know of experienced rich gamblers who don't mind the results, they get, the main purpose of their participating in gambling is to learn more about critical thinking and risk management. Other than such focused gamblers, a rich gambler with the aim of more money can end up losing all his riches or wealth in gambling.

There's no such thing about being equal on which it would really be just that there would really be people who are rich and there are ones who are really that poor. This is why spending and dealing up with things would really be completely subjective to each other on which there's no way we can really be able to make out those suggestions about playing or stopping since each person does have that different  approach when it comes to things on which they would really be planning on playing gambling if they do have the money specially rich person who are financially capable.
You wont really be that stopping since you do have the money.Whereas poor people would be seeing this to be an opportunity for you to win up big even with small amounts
and this is why they are really that desperate into things.