Topic: Why the rich win gambling more than the poor. - page 4. (Read 3724 times)

There's really that significant difference among the two if we do speak about that certain state on the moment that you would be losing up your bet or money in doing gambling. Just like on what you have said that at the moment that you would be losing money as a poor person then impulsiveness and those emotions would really be at peak since you do know that you are poor and you are really that thriving to earn money but ended up on losing on which you would really be needing to work hard more to earn something on what you have lost. Whereas, to those rich people then it wouldnt really be that much of an issue specially to those who do have that kind of passive income then it wont really be that much of a hard situation for some people. There are really just that people who do end up on being that too desperate.

Put up into your mind that even rich people would really be coming into a state that you would really be tending to cope up on what you have lost specially if its already piling up.
We should bare up on our mind that there's no such thing about unlimited fund, if you are keeping on loosing as a rich person and continuously on doing that then one day dont get be shocked
that you would really be the same as those poor people.

Your point of view has opened my eyes to some things. Indeed, poor people are very worried about their every bet, because their every decision greatly affects their lives, which is why a poor gambler is more likely to fall into a tilt or a rush than a rich player.

A rich man, even when he loses a large sum, can say: well, okay. That's all. For him, losing is not a vital risk, but simply a decrease in the numbers on the deposit screen. Therefore, they are emotionally more resilient.

In this point I actually don't understand that by poor gambler and rich gambler what really op want to mean. Because if in this case a poor people who don't have much earning and he faced difficulties to lead a normal life with his family with the small earning and even then he will play gambling that's means he is really an addicted person in this case I will also call them irresponsible gamblers.
Moreover, it is easy to understand that the more money he has, the more he can roll and the more chances he has to win so those gamblers who have handsome amount in their pocket will have more chances of winning than those who have less money in their pocket.

That's the difference when poor people gamble, most of them on average want to get out of poverty through gambling so they are more likely to produce lots of gambling addicts, some of us of course know that we rarely see rich gamblers who become addicted to gambling, in fact more of them are gamblers. poor because they have the same mindset, namely making gambling a place to make money and instant wealth, even though that never happens, in fact by gambling the poor remain poor while the rich gamblers remain rich.

If only poor gamblers wanted to change their mindset like rich people, namely considering gambling as entertainment or a place to have fun, of course there wouldn't be many poor people who were addicted to gambling, we often find poor gamblers out there who are addicted to gambling and are in debt with loan sharks, whatever it is. The case remains that poor people will have problems when gambling, while rich people will always be happy when gambling, no matter whether they win or lose, for them it is just entertainment.

It has been a great notice that the it's difficult to see a wealthy person gamble and loss all his wealth due to addiction, I'm not saying it's not possible but it's rear, and why does it have to be this way? I'll say it's simply because the wealthy has gotten knowledge on wealth management so they are likely to know when to quit or continue in gambling, mind you I didn't use the word rich because, their is a vast difference between a rich and a wealthy person. A wealthy man knows the value of money and acknowledges the process of how it is gotten to keep a sustainable wealth, but a rich man could be a lucky gambler who happens to have won a million value bet, yet he can still go broke by trying to double or make more money of the process of gambling. Majority of poor persons have same mindset as the rich and that's why they often get addicted to gambling.

Are you trying to say that there is no responsible gambler that is poor, addiction is both for the poor and the rich and it does not consider who you are. The rich will lose more than they poor because they believe that they have more than enough to take care of themselves and that will make them to gamble carelessly.

Will a poor man use his house to gamble, when he does not have a home. The fact is that whoever fails to have self control over his gambling activities to enable him gamble responsible will be addicted and when you are addicted, you can gamble all your bankroll no matter how much it is.

Yes the perspective on the value of money is involved in this issue between the poor and the rich, and certainly as you said that the amount of $10 for the poor is very large, or maybe they think that it is an amount that can sustain their lives for the next few days, while for the rich it is a meaningless amount, meaning that the poor and the rich have a different level of concern and perspective on the value of money, and it happens because it is clear that they are in two different situations in life especially in terms of financial circumstances.

And also yes I quite agree with you that it is very likely that poor people are very likely to misunderstand gambling, most of them will probably think that gambling is the right place or intermediary to get away from poverty, one of the reasons is because when someone is experiencing pressure from financial or economic problems in his life, it is not uncommon for them to even resort to all means just to get money even though their actions are fairly absurd. As for the rich, I also agree with you, I don't follow your idea but it does seem very reasonable, because the rich have many ways to get money so that they can turn their lives into rich people, and one of the reasons why they can become rich people is because they have a different mindset from poor people which in turn makes them have various useful ways to accumulate wealth to eventually become rich people, meaning that I believe that it is unlikely for rich people to make gambling a place to earn, because there is no certainty and any guarantee in terms of generating victory.

I don't really agree with you that the poor have advantage in this case. There is something you seem to be missing and that is the fact that the money the poor gamble with which you might consider small is actually like the "widow's might", I mean something very huge for them. You night see someone gambling with $10 which ordinarily appear like small amount, but in reality, this might be like $100k for the person. Furthermore, the poor gamble with the mindset of ending their poverty through gambling, and this makes them make emotional decisions. Whereas the rich might just be gambling for fun because they have other means of meeting their needs, so their emotions are not that engaged in the gambling and their decisions are clear, without any external inducement. The poor truly perform badly in gambling than the rich.

It is absolutely true that rich people have many differences from poor people in terms of opportunities and desire to gamble. This is both free time, which is full, and money that you can afford to lose... and there are many other reasons why gambling between rich and poor is very different.

By the way, the poor have an advantage: they always keep themselves under control, because if this does not happen, then the poor person simply does not sing the next day. And the rich don't control themselves that much.

The rich also wants to get richer through gambling. It's not a simple thing to be rich and not want more money. A lot of rich people I've come in contact with never said they're satisfied with what they've got. Anybody can get richer than the next rich person in their circle. It's more like a competition for the rich to always work hard and earn more money. Hence, when they're becoming interested in gambling what matters is controlling their habit. When a rich fellow tends to gamble without controlling his actions he's only causing more harm to his health.

As a gambler we all are same and would face similar fate when we don't do the right thing needed in becoming a good gambler, both the rich and low income player will pass through multiple losses. The rich players also tend to go broke while gambling. In a nutshell, it's fine to think that low income players are looking to earn big via gambling and it's what makes them gamble more, as gambling, to them, looks more promising than their daily work. But, the rich also are in want for more money, it also keeps them in the game for long. In this categories of players, no set of gamblers actually gamble more than the others.

So you say that rich people isnt able to place everything they have got? We recently got here topic where casino allowed drunk businessmen to place bets and in the end he has lost +100 million worth company that he was building all his life. Or you think that rich people are so reckless due to their wealth, that they can bust money without care? They would be poor, if they had such attitude.

Rich and poor does not win or lose more than others. They all gamble as much as they can afford and each with individual tactics and success.

I agree with you that the rich don't worry much when it comes to gambling. If they lose money, their life will be destroyed, their family will not be able to spend, they will not be able to buy food to support their family, and they will not be able to send their children to school, the rich do not think that. Due to this they have no recoil and feel comfortable playing the game. When they play with joy, without tension they win.

On the other hand, a poor man always worries about his money. If he loses this money, then his family will be in need today. He may not be able to make his child study well, not be able to manage the family well, and not be able to buy his mother's medicine. Thinking about all these things he makes mistakes and he loses.

Exactly, this would probably be the best explanation as there's a representative of why there's more rich gamblers rather than poor gamblers, another thing that I also would love to add is the matter of resources in terms of finances which is the most obvious thing here, when you've got more money at your disposal, you will have more lasting time gambling and you won't worry too much about losing because along the way, you will eventually hit a win unlike with poor gamblers that have a low and really limited gambling budget, they can't afford to overextend lest they want to become addicted to gambling.

The rich usually gamble for fun, and they tend to bet more, which is why they win more. But those who are poor gamblers are mainly afraid of losing money, because if they run out of money they will not be able to participate in gambling later. This is why poor gamblers win less because they gamble more worriedly, while the rich are far ahead because they are less likely to run out of money or run out of funds, which makes them gamble more.

Because rich people have different pleasures from poor people, rich people are freer to gamble and we also often see rich people win more often because they are not half-hearted in spending money on gambling, but in fact, if we look deeper, rich people have more spend on gambling and their winning percentage is actually smaller than the money they spend on gambling because the goal of rich people is just to have fun and don't expect to win because they already have everything they have. The most important thing is for them to be able to spend time having fun with their friends. at the gambling table.

It is true that the thinking of poor people who gamble is that they definitely want to get rich through gambling. Every time they risk their money, they hope to win and become rich, but this kind of attitude is very wrong. We will never get rich through gambling games if we are not really lucky, the gambling house will not we can just beat it because the owner always has a way to prevent the users from getting bigger profits from the casino so no matter how big the hopes of poor people they will not be able to get rich easily through gambling.

Someone who is sufficient with money is of course free to do whatever they want with their money and they don't think about it. In my opinion, this is a very fatal mistake of a poor person in his decision making and forcing himself too hard to borrow everything, such as lending money to anyone and in his thinking concept, he wants to get rich too much by gambling. In my opinion, this is too bad with this kind of attitude. Which means that you continue to chase victory in every round at the gambling table. And in my opinion this is rarely or impossible for every gambler who really gets rich from gambling.

Yes, people may only see in terms of the amount of winnings where it is clear that the rich gambler gets a bigger win than the poor, because the comparison may be that the rich person bets $1000 in one betting session while the poor gambler only bets $100, and obviously if they both win, the biggest amount of winnings must be the rich person. That is true and obvious, but they only see in terms of the winning situation but do not see the possibility of losing which when they are unlucky then obviously the amount of defeat must be greater for the rich than the poor.

In the end, yes as I said earlier that what makes sense is that all gamblers also have the same chances and possibilities regardless of whether they are poor or rich, and one thing we must remember is that the amount of budget can in no way be used as a guarantee that you will win at the end of the session, and that is gambling.

Those who can gamble responsibly will survive in gambling and I call them rich. One of the reasons that the average poor gambler has a higher percentage of gambling because they want to use gambling to get rich, which is a major barrier to their gambling. A poor person will want to gamble all day long for a small amount of money but a rich gambler must prioritize their work first. Gambling is not a source of income for them. A poor gambler is not likely to take a break where rich can take a break. Which is why rich gamblers tend to get rich.

It is natural that those who are financially comfortable are more addicted to gambling but among these people there are some rich people who gamble just for fun. Those who have money can indulge in any activity so there is no specific reason for it. But in that case the goal of poor people's gambling is to earn money. They dream of getting rich suddenly through gambling, so some even take out loans to raise money for gambling even after their financial situation deteriorates. So demand gambling is dangerous because if your target is not profitable then you have to be hostile later on.

Actually, the mindset of rich people is very different from that of poor people, that's why poor people rarely win, let alone winning against the dealer, even against themselves, it is very difficult to control it, how rich gamblers win is actually easy, they don't just have a lot of money or gamble with only the money they want to spend, apart from that they actually think that gambling is a place for them to find fun and is just entertainment so that when they win they will usually leave and leave the game if they feel happy.

If people who are poor gamblers are given a win, they will usually try playing another game hoping to get an even bigger win than before. It is the greedy behavior and mindset of poor people like this that makes it difficult for poor people to win because they always focus on gambling as a place for them. looking for wealth and a steady income even though that is very different from the mindset of rich people, they only focus on fun, nothing more, even if they experience defeat, they will usually stop because of course for them it is enough if it pleases them, but for poor people they will continue to play to recover. his defeat..