Topic: Why the rich win gambling more than the poor. - page 19. (Read 3724 times)

When it comes to losing chances then it would really be just that the same on which it just turns out that they do have more capital and this is why on the time that they do make some winning then we would really be seeing those significant numbers on which it would be something that would be boosting up other players and sometimes it could really make us jealous and trying out to bet on the same
amount and this is where some gamblers do really ends up on trying out to take some loan because they are trying out to follow those trails on which it is really that something a suicide thing
that you are really that dealing with. This is why if you are a type of gambler who do have less funds then just be grateful and be contented. Dont tend to get in line with those huge wagerers.

In fact, there are also many rich people who lose money because of gambling, so it's not a matter of rich or poor, it's more about luck, just imagine how many gamblers out there are willing to spend a lot of money on gambling, if poor people would definitely think a thousand times about doing that. , quite a lot of rich people also use gambling as a means of entertainment, unlike poor people, they use gambling as a way to make money. From this difference in mindset, we can see that rich and poor people have different attitudes towards gambling.

The gambling decision of a rich man isn't different from anyone else. What we need as gamblers is executing planned techniques. And these action isn't personal to only the rich players. The low rollers still have opportunities to learn ways of making profits in gambling using their strategies. High-rollers who don't plan well can also lose money in gambling. Money management can be perfected by any type of gambler. It only requires some self-control to limit excessive spending in gambling. Pressure, yes, affects the low rollers who are afraid of losing out hard-earned money in gambling. Resulting in careless predictions and losses. Unlike the low roller, the rich gamblers who have self-control and can ease their mind, have a higher advantage in gambling decisions. Gambling out of fear and hastiness only leads to losses and players who do this, often lose control oftentimes and spend time looking for ways to free themselves from the mistake.

If a rich gambler isn't inclined enough about what Adultcrypto thinks of them, he'll be a victim of such mistakes. And he'd also lose out like anybody else. The high rollers who win big follow gambling ethics and the same applies to low rollers who win their predictions. Differences can only be detected in the amount won, as the high roller will get more than a low roller, but the happiness goes to both parties. Which remains the main fun of winning in gambling. So, in clarifying his observations, I'd use celebrities who have published their gambling results online or those I've read about their gambling behavior. The risk is quite high on them, due to the figures they wager, but the winning is worth the risk. Especially those who bet on football or poker games. The advantage of being a rich gambler is doing the right thing in gambling. Other than that, it's unfair for a rich gambler not to know much about gambling. His money will be wasted at the cost of chasing for a win. And if care is not taken he'd run broke. I'd suggest, to enjoy the fun, that a rich gambler should also be a good and smart gambler.

An interesting observation, but you need to clarify how your observations took place. Did the people you are talking about have the same conditions? What type of gambling was there, at what time, on what day and many other variables.
I think the point is that a rich person has a more free attitude towards money and is not afraid of losing it, therefore he makes decisions more freely, while a poor person is more pressured by responsibility

Basically I think that most gamblers will act greedy when they have won, none other than because they think that luck is still on their side, so instead of withdrawing their winnings and enjoying it but what they choose is to  continue gambling with a very high level of hope and confidence and hope that they can get a win with a much bigger amount than the previous win and it's the same as they create new opportunities to get a loss or lose.

I think for gamblers who have a rich  background they will usually prefer to seek pleasure and entertainment, they come to seek entertainment from the busy business activities they do in the real world, so with that then I think that can be used as a reason why rich gamblers choose to make gambling as entertainment only, and also another thing is that they already have a lot of money and already know how to make money, so it seems very unlikely that rich people come to earn. Of course, no matter what and whatever purpose they bring to their gambling activities, the chance of risk is still very possible, no matter whether you come for entertainment or income, but the difference is that those who come with the intention of seeking entertainment usually  will not be too excessive and will not return to betting if the previous result loses.

The mentality of rich and poor gamblers differs intriguingly. High stakes thrill rich gamblers, who indulge in excess money. Their gambling is for fun, not necessity. This mindset hides a basic mistake: associating bigger stakes with greater pleasure. They overlook the addicting nature of chasing bigger wins, a risky path where luck, not skill, determined results.

Poor gamblers gamble out of desperation, not fun. Fear of losing what they have drives their cautious bets. Ironically, fear may increase addiction. They play for survival, not thrills. While preventing irresponsible spending, their cautious approach intensifies their addiction as they chase elusive wins to enhance their finances.

Both perspectives highlight the misperception that gambling may lead to financial success. Luck and chance drive the story, but the house always wins. This tale of huge sums and smart bets is about wrong priorities and odds. The house always wins in gambling, whether rich or poor.

It's also the case with rich gamblers who put up a high amount of network they tend not to hesitate to gamble even with a higher amount of bets, because they feel they have a lot of spare money that can still be played in gambling and they will not hesitate to gamble with high amounts, because they think the bigger the amount of bets the more exciting the sensation is and the possibility of winning is also easy to get, but all of that is also inseparable from luck.

In contrast to poor gamblers, who gamble carefully because the main goal is to aim for a profitable win, and gamblers like this tend to worry about the money they bet because they are afraid of running out  of money they have, and gamblers like this are more likely to get addicted to gambling. but as you said, gambling results cannot be predicted exactly, so anyone can be lucky in gambling, if they are lucky then they will win.

The promise of a life-changing win draws people with modest means to gambling. They want empowerment, independence, and possibly equality with the wealthy, not just money. If they stopped and counted their spending, the revelation might be shocking. Hard-earned money often vanishes. Complex psychology: each loss reinforces the belief that the next bet will be the one. An emotional rollercoaster fuelled by optimism but rooted in loss.

Compare this to the rich. Their gambling is unique. Their dangers are reduced by bigger pockets and diverse revenue streams. Their goal is excitement, not survival. That's a striking reminder of the financial difference, right? For individuals outside that elite, gambling is dangerous and rarely profitable. Moderation, as you say, is vital. Finding balance, comprehending dangers, and realizing that winning big costs more than money is key. It's about financial and mental security.

That's the mindset that most poor or lower middle class people have, I think the circumstances are the main cause that will push his mind to continue gambling and get a lot of money from winning to improve or increase finances in his life. I think only a few gamblers think to see how much money they have allocated to gambling, because their main focus is only on winning and indirectly it makes them forget about how much money they have lost in their gambling involvement during that time, of course if they see it maybe they will be surprised but that does not mean they will stop or just reduce, there are many choices they can choose between being more aggressive in gambling next with the aim of breaking even or reducing it in terms of budget so that the amount of defeat is not too large.

Honestly, I can't tell if rich people gamble more often than middle to lower class people or if they are very rare because they have a lot of activities in the real world, but what is certain is that as you said, rich people have a good financial level and with that, they have the freedom to put any amount on their gambling, for them winning is normal and losing is also normal, because obviously they already have a place to make money that is like running water, endless as long as they continue their business and that means that maybe losing is not something that matters to them.

Most people who don't have a lot of money will try to continue gambling because they hope to win some money. They gamble as if they are rich even though they are not, but if they had been gambling for a long time and could calculate how much money they had used, maybe they would be surprised to see the amount of money. That must be a lot of money that they have used for gambling. But that doesn't stop them from continuing to gamble because they still want to win. And it is different from rich people who often gamble because they have more money and sources of income that can provide more money. So we still can't compete with rich people in gambling and we can only gamble moderately rather than lose more money.

What we must understand is that gambling isn't something that someone would like to copy to apply for one to become successful what happened is that even though people who tried to break the even would never reveal their secrets to people to just start making winning and I know too well that the probability of winning might be very low or let me say its basically on chance and luck based probability. So, even though the known and successful gambler come to air that they made it through gambling it was a results of luck and then luck has been running on their side to be able to repeat itself.

This is exactly what is making many gamblers to lose their bets even the ones that they might win but because of greediness or lack of money they will add other games that will give the bet a chance to lose.
However, rich gamblers don't give a fuck to what's going to happen to their games sometimes because already they have the money, soost of them are just there to catch the fun and not to look for profits.
But you know what? Even if they are there to look for profits or they are there to catch fun, there is still more chances that their stakes will also lose if they don't have the luck at that time.

Money management and greediness is another main problem of the poor. A poor man can accumulate 20 games to win $1000 with $1. They keep picking games from different league without proper studying of those league. Poor people see football betting as a gambling but the rich sees it as a business. They may stick to just few leagues they know well about and only pick few game with above 60% assurance of winning.

Yes, there are such people, I also know only one such player. He had nothing and became very successful. Although it is worth mentioning that he had a mathematical education. Using his perseverance and knowledge, he improved his skills like an athlete until he achieved success. I don’t believe when successful people say that I don’t know how they got there. This is endless and very difficult work on yourself and your thinking. Probably when they say this, they feel pleasure and quietly laugh at others, because people, having heard their words, will definitely want to repeat their success, but 99% will face failure and complete disappointment.

Not all rich gamblers will have the same opportunities. Many poor gamblers have also become rich through gambling. But rich gamblers have some positive environment in gambling such as a rich gambler has the ability to place high bets but poor gamblers do not have. There are many gamblers who are unable to take proper risk in betting due to lack of money. Even if a rich gambler loses a bet repeatedly, he is able to bet again later on, so his chances of winning are higher. Moreover, a rich gambler can take advantage of the VIP services, but it is relatively difficult for a poor gambler to take advantage of that. Moreover, rich gamblers can learn information and strategy relatively easily, but a poor gambler does not. But since gambling results are unpredictable, anyone can be successful in gambling. However, the advantage is more for rich gamblers.

The rich also have limits, it is just that their limits are way higher than what we can afford, however given enough time even someone that is rich will find themselves facing financial problems if they were unable to control their gambling, fortunately for them once they realize they have a problem they could also use their wealth to receive the best treatment possible, something that those that have limited resources will never be able to afford.

In fact, there is no social gap between rich people and poor people if they enter the world of gambling. The difference is that rich people spend more money while poor people only use less money for betting and that money certainly does not include money for living need. When they have the same strategy and the same chance of winning they can also make a profit, but rich people make more profits because they bet large amounts while poor people make little profit because they bet small amounts of money.
Poor people are more careful in betting so that they don't lose money in just one game session if they use all the money they have of course if they lose they won't be able to continue their activities because they have run out of money, while rich people can be more relaxed in betting because they don't have any money the limit in gambling can be said to be that the money cannot be used up in one game session.

That's the main advantage the rich has. They can continue to try out their luck in different games but they poor cannot. Simply because the poor are restricted to a certain amount of money. They can't spend as they please. On the other hand the rich has abundant amount of money. So even if they loses 100 bets, it won't be enough to affect them that much. They can just move to another game if they feels like it.

Yeah, that's why if you have the impression of going on with these gamblers that have huge and small amounts of money. Don't focus on the amount because that's not how it is.

There are certain reasons why someone only gambles with the little that they have and there are probably flashback stories that they can share as to why they started to limit themselves.

Someone's pocket doesn't define their status in life and even if we're gamblers, the thought of people about us is still in the stigma that we're bad people that don't have a life and future.

It is easy for the rich people to put huge amount of money into smaller odds and you know what? The smaller odds normally play more than the bigger odds, so imagine if a rich gambler always stake half a thousand dollars or more than a thousand box in just one small odds, although no odd is sure in the gambling world, so even the rich gamblers lose most times.
But for the low salary earner that are gambling, they might try to use half a hundred dollars or smaller than a half hundred box to gamble, they might try to make sure that with their small money they should be able to accumulate an off that even if they stake with their small money they can be able to win times 4 to 5 of what they staked. But it doesn't work that way because gambling is all about luck.