Topic: Why the rich win gambling more than the poor. - page 22. (Read 3724 times)

It is little bit hard to say exactly why this happens but there can a few reasons.
One reason I think maybe that rich people are better in managing their money. They may be more careful with how much they bet and know when to stop. This can help them to be more successful at gambling.
One more reason can be that rich people don't rely on gambling to survive. They have enough money to meet their need so they see gambling as a fun activity. This also help them to make smarter decisions when they bet.
I think these are the reasons. And this is good because they are financially strong if they lose the money they do not go in depression they just bet and enjoy.

I agree with you and I have proof of this myself.  As poor people are financially weak, they quickly panic even at the sight of a small loss, due to which they cannot gamble in a cold heart. And if you panic in gambling, loss is certain.  Because panic gamblers place random bets which quickly deplete their gambling budget and subsequently panic more.  And the rich people always gamble in the relaxed way because of which their bet amount is not random and at the same time they can win very well. Because of this, the poor always remain poor and the rich get richer more

A rich person takes high amounts to gamble and if they win they can come back with even higher amounts.  But a poor person is able to gamble with small amounts and when he loses them he panics and starts gambling with loans due to which his confidence of winning in gambling is greatly reduced.  And since the rich person has enough financial backup, even if they gamble first, they don't panic and continue to gamble calmly, so they can recover their previous gamble and profit.  This is why a rich person wins more gambling than a poor person

Yes, logically, if you are rich, you can use the Martingale strategy to recover your losses, even though it is not 100% successful, most people who use this strategy will lose all their capital money if they don't use other strategies, this strategy is not worth using for people who cannot control themselves, let alone greedy. , they will never be able to stop trying to recover from their losses by draining all their money until it runs out.

It's true that rich and poor people are all the same, it comes back to their mindset, sometimes the mindset of poor people who gamble is more directed towards making money, which is different from the mindset of rich people where they gamble for fun, just looking for entertainment which makes them enjoy the game without emotion. the more controlled they are in playing, the more they know when to stop, namely when they win big. only the mindset that differentiates it because luck will come to the poor and the rich. Talking about sharing wins is usually only done by influencers to get referrals.  

On the other hand, poor person in case of a loss will stay same poor person, but if rich person gambles, he can become poor. It isnt necessary that poor gambler is more risky category of people, and rich gambler is kind of in a safe house, because "he is rich and will always have enough money to survive". Also for poor gamblers it would be easier to let situation go, while if a rich looses, he will more likely gonna try to win back. Rich persons loss causes more troubles than poor persons loss imo. As rich person have to think about and invent methods to return what was lost.

The same luck applies to the rich and poor when it comes to gambling, it doesn't matter your financial status, the outcome will still be determined by luck. The only difference might be that the rich can afford to place more bets because they have the money, which can give them better chances of winnings. While the poor's chances of winning is limited by their small money to place bets, even if they wants to increase their chances of winnings, they wouldn't have the money to risk it. So with this analysis you'll see that the reason why the rich wins more than the poor in gambling is because they put more money in bets, therefore they have more probability to win.

Also remember that as the rich stakes more money in gambling that increases their chances of winning, they also have more loses if they don't win. Although I believe that the rich gamble for fun and not necessarily to increase their wealth. But the poor is the opposite, most gamble to make a living from it.

For many people, gambling turns into a circle of losing and losing again. The house always wins, thats the harsh truth. Why? Because thats how games are meant to work. They try to get people to come in by saying they can win big, but the odds are always in favor of the casino.

Think about this story: Just an average guy named John starts gambling. At first, everything seems like fun, but soon, loses start to add up. He loses all hope and starts gambling more to get it back. John walks right into the trap. As a result, more losses happen because of shaky reasoning.

Rich bettors, on the other hand, have their own world. They bet for fun, not because they have to. Are you losing? Just a small problem. They can take risks without putting their job at risk because they have extra money. Rich people can afford to lose at this game of luxury, but poor people like John risk losing things they need.

Yes, I also think like that because by prioritizing meeting their needs, they don't need to use their money to gamble. They can also avoid losing money from gambling games because when playing gambling, they are more likely to experience loss than win. When they lose, their emotions can increase, which can result in them continuing to gamble because they want to recover from their losses. That is clearly different from rich gamblers who can use a lot of money while they don't worry about other things, including money, to meet their needs. That's why rich gamblers can do several things at once because they are financially supported better than other people.

That is a common blunder but one that must be avoided at all costs, if a poor person has to choose between gambling or satisfying their needs with their limited amount of money, they need to always pick the latter and disregard the former, gambling should be an activity we do only when we have some additional money we do not mind losing, betting money we actually need for anything is a big mistake that sooner rather than later will cause us massive problems down the line.

Yeah, there are other ways in which people actually get paid when dealing with casinos.

Normally gamblers would lose money, but if you are marketing a casinos, or streaming for a casino, etc, you might get commissions and other types of income, so you might actually end up earning money.

But that's a bit more like a normal job, not really gambling.

Therein lies the difference between rich gamblers and poor gamblers but poor gamblers will still bet because they still see that it is the way to get rich. Unfortunately, poor gamblers have to sacrifice their money, which could have been used to meet their daily gambling needs. Even though they don't have a bigger chance of winning, they should be aware that it will still be difficult for them to win.

Safe gambling is where people can limit their money for gambling and don't gamble excessively. They cannot pin their hopes on gambling because it is not a job and not a place to make money. They can only enjoy gambling games where they cannot expect always to win. The odds would not be greater even if they increased the amount of money for gambling. Meanwhile, rich gamblers can enjoy gambling games longer than poor gamblers because they have more money and can also bet larger amounts of money and of course, if they win, the winnings will also be big.

That can be improved if poor gamblers know that they cannot hope to win from gambling and can only gamble in moderation. It will not provide a greater risk of losing money because they know when to stop before the money runs out. Those who feel they have spent too much money on gambling should immediately stop gambling and divert their attention to other things that can provide opportunities to make money. Maybe there needs to be awareness among poor gamblers not to gamble too often so that they can know that gambling excessively can cause them to lose more money.

It is true, there is never safe gambling and can make players rich. maybe the rich are the bookies. and the player's winnings are arranged by the bookies. instead of getting a win, but it is a trap so that we continue to play and drain our money without realizing it.
and when we realize that we have lost, we don't stop but instead look for other capital to return the money we have bet in gambling. it is not uncommon to even borrow money to continue gambling which actually makes it worse because we have lost gambling and still have debts here and there.

i think gamblng not about rich.
poor or rich same can win, but if rich can use marti can recovery lost in gamblng
maybe only win in you see or share if lost not share,  about  referal link promotion , can get referal comission

For rich people, gambling is a treat; for poor people, its a dangerous way to win. We clearly see a gap. Rich people bet for thrills, and poor people do it for change. But thats where the trap is. People who are poor often get deeper into financial depression as they wait for a windfall. Why? As usual, the house wins. Arent you struck by how cruel the comedy is?

Lets talk about safe gambling, which seems like a strange idea to people who are really struggling. Like clockwork, the story goes: Someone who is poor goes to gambling to make their life better. Unfortunately, the odds are not in their favor. Instead of things getting better, they are in even more trouble. This loop is not only a problem with money; its also a mental trap.

How can this be fixed? Giving advice and help. People in communities need to know about the risks of gambling and have ways to get help for those who are having a hard time. Not only is it about handling money, but also about knowing the risks and making smart decisions. We should work to stop the cycle of hopelessness and sorrow that gambling keeps going for poor people.

It is true that if the aim is correct the risk comes down a lot but sometimes it depends on the gambler not all gamblers are the same. There are many poor gamblers who can't maintain their balance properly even if they don't have money, the situation becomes worse when they borrow and bet. Rich people have a lot of money they don't expect to win they play for entertainment but if they lose they can catch up with a large amount later but not possible for the poor. Hence it is better to set goals within their own limits and proceed.

Yeah, I think you're right.

Some rich people might just gamble sometimes just for fun. Sure, but they will probably stop after they lost their bet.

I just don't see how rich people would keep trying to gamble as there's nothing much for them there.

If anything, there's a lot of time and brain power wasted while gambling, that rich people could be using in other more important tasks in their lives.

That's right. Rich people can use their money to gamble for a lot of money or to shop and buy what they want. That will be the difference between poor people wanting to gamble and poor people not being able to gamble much because they don't have a lot of money to use for gambling. Moreover, poor people still have to meet their daily needs, so they have to choose to use their money to gamble or to meet their daily needs. But that doesn't stop poor people from gambling because they hope to get huge winnings from gambling that can change their lives for the better. But instead of getting a big win, they will actually experience a big defeat. That's why those who don't have a lot of money must be able to manage their money well for gambling and to meet their daily needs.

There can be some reasons for the same:

1. The rich have more money at hand.
2. They own the casino - in which case you are out of luck.
3. They have money at hand that is not earned by their hard work, that is money to burn - so they gamble with it without remorse on loss.
4. The poor are desperate to make money and get into the trap of making money from little money

I dont agree with your pattern, it might just be a coincidence. Both have their own share of gambling attempts.

Yep, just think that the freedom to spend is already a victory, a rich person can bet without caring much about money, and they get pleasure from it. But for those who lack money to play, it can be considered that that money is exchanged for their own lives, so they are aware of failure and ready to accept all results.

Most of us make mistakes in asset management while playing, and this mistake often appears in people who cannot balance their playing money, which is the reason why we see many poor people gambling when they are poorer.

But in my opinion, whether you are poor or rich, gambling is not the cause, it belongs to the player. So being clear about your goals when dealing with this field will minimize risks.

rich people dont need money but rich people gamble just to get a thrill using the money they can afford to lose just like lower class gamblers and as @KennyR said if rich gamblers just have fun and choose to bet on dice or slot games while the second this game provides the opportunity to get the jackpot so it is natural that sometimes rich people will get big wins more often while they can bet whenever they want so luck will get closer.
but rest assured, if the big winnings are calculated in detail, it will definitely not match the losses, but rich people dont think about this because rich people have a lot of money that they won't feel like they're losing.

this assumption about big wins makes lower class gamblers have the mindset that gambling can give them luck to become rich while they forget how gambling works.