Topic: Why the rich win gambling more than the poor. - page 20. (Read 3724 times)

Because the initial money of the rich people was always high to wager back the loss money and get back the loss money.It also help the gambler to get more money by wager for the longer period.Just wagering alone doesn’t make him rich,they should have techniques to get back the loss money.The poor gambler start the game with less capital,So if the money loss due to the techniques.They will have enough money to play the next game,the best way to tackle the win in the gambling by saving more money before the game.The money management in the gambling was essential to making money from the gambling site.

Many rich CEOs and top managers in different US companies work hard not to be victims of gambling addiction. Gambling precautions are all about sticking to the information we've read and the experience we had in gambling. The rich didn't become rich via gambling, and rarely would they allow themselves to get poor through gambling. But as Slapper said, it doesn't have any boundaries, anybody can be a victim of problem gambling. The case is unique according to our status. Think of it, many people are in the life of a rich man; managers, doctors, employees etc. These people also contribute to questioning the lifestyle of the rich person and he wouldn't be a gambler without the consent of those people in his life.

Most of them go to casinos with their financial managers, even the lawyers are sometimes aware of their boss being a gambler. These things matter in restricting him from getting addicted. As he'd be getting notifications from all angles whenever he begins to make mistakes in gambling. Then he'll start correcting them in the early stage of his addiction. However, not all rich men have this status, some are only rich and have no human resources to advise them on their gambling activities. This type of rich man can easily lose out lots of money in gambling. However, the stories of gambling CEOs can be inspiring as most of them made huge profits through gambling and used it to finance their business. It all boils down to the strategy and managerial skills of the said CEO. It's safer to have people around who are aware that we gamble to help us battle addiction.

Unlike the rich, low rollers battle alone when faced with problem gambling, they have all odds against them, and they won't be able to win the fight. Comparing the jackpot winner's losing syndrome to that of a rich gambler still has some arguments attached to it, as the rich player has other sources of income to sustain him when down with funds due to addiction. His main problem would be mental health problems. Because while his money goes low, his financial manager or accountant would take fast moves to limit his expenses in the bank. Hence his account may be blocked declining his transactions for a certain duration until he's good again to run his company. But before we get things right, it's always great to know that it depends on the rich man's status.

only people who cannot control their psychology will become addicts and lose all their wealth. For someone who is aware and understands that gambling will lead to addiction, he limits the use of funds for gambling. so you don't use all your money and keep your gambling money and other money separate. This is the management that must be done. don't be so stupid to become an addict and spend all the money in gambling.

If a poor man places a bet today and they lose their wager amount, let me say they spend $1, which is a lot of money to them, and when that is removed from their wealth, they are affected. Now that's the bet of the poor, and if they continue placing bets and losing such amounts more often, they will get to a point where they can't even be able to pay their internet bills, talk more about having access to the casino, and when such happens, they are now bankrupt.
 
This same thing can happen to anyone, be you the wealthiest or among the wealthiest. If you gamble a lot and wager a large amount of money, you continuously lose money to gambling without making any single profit.
 
Continuing without giving up and realising that you are spending more can bring the person down to his lowest level without even realising that no one is above getting broke again. No matter the level of wealth acquired, if you mismanage it, you can still go back down to the trenches.

The rich also experience the ups and downs when it comes to gambling. They too do experience defeats and losses on their bets but most times, they wouldn’t be affected by the loss.
They’re rightly concerned about putting money from the meagre amount earned into gambling when they’re more likely to lose that money. Better to utilize it on something better.
The rich don’t have that financial restriction as they’ve got enough money to bet consistently or to stake a bet with high amount periodically.

That's why it would be more harmful if a rich man suddenly gets addicted to gambling, we've heard about millionaires going bankrupt and loosing everything they've worked so hard for just because of their gambling addiction, if a poor man looses all his fortune due to gambling, it wouldn't be as depressing as when a rich man does because the poor barely has enough but the rich has more than enough to loose. No wonder we rarely hear about rich people who are addicted to gambling.

That's right. Even though others see that they are winning big, they are also losing big. They don't want to bet small like poor people because in the first place, they can afford it and there are also lots of people like that who don't care about the consequences of their actions no matter what will be the outcome of it. It could be looked at as a praiseworthy action among gamblers, but for others who are carefully taking care of their money, this is not right and has never been justified. nevertheless, people shouldn't take everything for granted because once any of that is no longer in your hands, you will start to realize that you should have not done all of that.

Because rich people have a lot of money so they indulge in their empty activities by gambling as much as they want without any limits on the amount of money at stake. Or you could say they waste money easily by gambling every day. However, for poor people, just seeing other people's wins can encourage them to follow in their footsteps, so that poor people think that if they do it too, they will win and get a lot of money. Well, in this case everyone has to pay close attention, because not everyone will experience the same thing and if you want to make money, think logically that working for real or doing business will make money for everyone, not from gambling.

Gambling is a fascinating combination of luck and technique where rich and poor gamble. Its interesting how the wealthy choose huge bets and big odds while the poor choose smaller, safer bets. More than money, this approach distinction is about mindset and risk tolerance. Example: John, a prosperous businessman. Playing large to win big is his gambling strategy. Mike, who has a regular job, sees gambling as a potential break, playing small but dreaming big.

Both methods evoke gambling's thrill of uncertainty and possibility. The rich may have a "strategic" edge, but gambling is about the underdog narrative and surprise win. We talk about the thrill ride, the highs and lows, and the stories thereafter, not just winning or losing.

Gambling may look like fun for the rich, but there are big risks. Their big bets increase wins and losses. A double-edged sword. Remember that gambling's hazards are the same regardless of bankroll size. Wealth does not guarantee gambling immunity, a harmful myth. Jackpot winners risk relapsing into previous behaviors. Their narrative warns that even the wealthy can fall if they are irresponsible.

Alternatively, consider the low roller. Their small stakes don't prevent the excitement of winning or the pain of losing. Their modest wagers, typically perceived as restricting, help control risk. A secret wisdom for the rich gambler? Possible temperance and sustainable gambling guide. Understanding and respecting gambling is vital, regardless of income. Financial and emotional intelligence are needed to balance risk and reward and dance with chance. Gambling requires heart and mind cooperation.

There is no connection whatsoever in this matter, the idea that some people say that if they come with the intention of having fun with a large amount of capital then they will win, I honestly think that makes no sense at all. What is  meant by playing for fun is that it means that you don't lose too much especially in large amounts, because if you only bring the goal for fun then indirectly you will be able to leave if you have already had the fun you want in your gambling session, and that fun has absolutely nothing to do with you being able to get a big win.

In the event that you're not a fan of this, then you're not going to be able to make it happen, and you're not going to be able to make it happen. If indeed such a scenario would actually result in victory then I would have to demand real evidence that can be trusted, I don't think it exists or that means they won't be able to prove it because I am sure that such a  scenario will not always happen, it is not consistent and will only happen when you are lucky. The other thing is that of course it's true, risk management is nothing but useful to minimize the amount of losses of gamblers so that it is not too significant and not to make money, that's a fact.

They don't bet without fear with bigger bets just because they are rich, usually they do it just to have fun with their money, so that's the average thinking of most rich gamblers who always prioritize pleasure over winning from their money, but people who Poor players always have fear so that when they lose they usually become poorer and go bankrupt because they use a poor mindset.

In fact, gambling is a game only for rich people as entertainment for them, but the average poor person plays gambling like trying their luck and making money in it. It is clear that gambling cannot be used as a source of income because it is not a game to make money but to find fun. even though if you want to make money, why not try to do business or work because it is better than gambling.

What I think is that in gambling platform both rich and poor people have a chance to win here luck is needed as well as the rich have money. The rich can easily place large bets but the poor cannot succeed in life the poor have to experience the ups and downs. They are afraid to pour more money into the gambling platform. Compared to the rich they are much safer and do not lack money. The rich get a lot of money once they win a bet and understand the betting strategies.

When it comes to gambling recklessly or gambling addiction, I believe in my opinion that the rich are in bigger danger and would be more affected by their addiction. Reasons because, if a poor man is addicted, considering his lower income flow, he has quite little to loose, let's assume he doesn't even have a job and then depends on gambling with every little money he gets, that way he has quite little to loose because he doesn't have a steady or good income flow while it's quite the opposite for the rich, we all know that for a man to be rich, it means he's got a steady and a good income flow and if he happens to become addicted then he has way too much to loose, as he tends to waste all his money on gambling and we know that this could amount to his ruin.

Gambling is one game that can be won by either the rich or the poor and that's because of the fact that both rich and the poor can be lucky on their own days. There's a popular saying that gambling is a game of luck and anyone can be lucky but one thing we can shy away from is the fact that the rich is more likely to win in gambling than the poor because of their gambling strategies. For instance, if a rich man wants to gamble, he picks the biggest odds that gives him more winning probability and stakes a huge amount of money in them while when a poor man wants to gamble, he picks the smallest odds that offers him little winning probability and stakes on them while hoping for a miracle to happen for him to win.

Being successful in gambling is absolutely different from winning in gambling because for you to be successful in gambling, it'll take you a lot of winnings and that's why it's very rare to see people who say they became successful through gambling because getting more wins than losses in gambling is actually a very difficult task that needs more luck than strategy and experience to achieve.

It is not as if their is something special that makes the rich to win gambling, it is that the rich people spend more money in gambling , they play more, they win more and they lose more. People needs to be aware that gambling doesn't favour anyone more , it is a game of luck that winning more can be as a result of how many games are played and how many games were lose. Poor people only play gambling whenever money is available for them to play,  they don't play much as the rich people play that is why exceed them in winning,  and loosing. Gambling is the more you play more you lose and win.

Correct also those individuals that are gambling with big money and also winning big amounts are those would lose the biggest amount too. They win big and they lose big but the poor man with his little money can only lose small amount of money as they win small amounts too. The poor gambler will have one lucky day and win big big. We have stories on fnthis happening and if we keep gambling with discipline, we might celebrate our own win too one day.

The rich are winning as they have a large amount of money to risk, the higher you risk the greater the rewards. If we want to win like the rich, you have to be less afraid of losing and begin to think like the rich and bet without fear but this shouldn't make us to gamble an amount that'll be too big for us that we commit suicide as some individuals do when they lose a big amount of money that puts them in debts that will take them many years to get out of.

Gambling Both the rich and the poor participate in gambling to earn money. While everyone takes gambling as a form of entertainment, the main goal is to make money. Although the poor participate in gambling to earn money, they gamble with a small amount of funds, whereas the rich when they participate in gambling, gamble with millions of dollars. Here poor people have less money so they participate in gambling with less money whereas rich people have more money and they participate in gambling with more money. The goal in this case is not the same as entertainment but entertainment and money as a means of earning money.

How's exactly the risk management, play for fun and larger capital can lead to win more in gambling?

Money is only a number, someone can start to gamble as low as 1 Satoshi where it worth almost nothing. Play for fun is subjective, you can't judge someone whenever they play for fun or they play for money. Risk management only make you to not lose more money instead of making more money.

In fact, the determining factor for rich people to win more often is because they have larger capital and have good risk management.
It affects their mentality when gambling. Poor people will be passionate about continuing to win, they don't care about betting management.
Poor people gamble with the aim of making as much money as possible to meet their daily needs.
Rich people gamble for fun. This difference is what makes it seem easier for rich people to win.