Topic: Why the rich win gambling more than the poor. - page 5. (Read 3724 times)

Yes, the rich is  more richer than the poor,because they have enough money once they lose they still have money to continue better don’t even bother because they always use the money and over and over again why they have to go and money because they have any for now why do we continue predicting as long as there is available money,but whenever they reach try to bet more than what they can afford to lose, he would lose a lot and not Try to bet again so it is just a sample thing,that is my own point of view.

You got it buddy , that is exactly what I want to say here because people are just looking about
how much rich people win or lose because those are outstanding and really memorable but for us
Poor gambler we are losing almost every centavo in our pocket each time we gamble.

but in totality of gambling? both rich and poor are losing their money or I mean their hard
earned money .

The risk, as in the odds, is the same really for poor and rich.

Both can go "all in" and face the same odds.

That might be $20 for the poor person or $200k for the rich person, but in the end if they lose, both lose it all. Same risk, with same odds.

First of all, gambling is dedicated to be a source of entertainment and not a source of income nor a way to make money, people shouldn't rely on gambling in order to make money because it is not how it should be.

Rich people have the ability to put bigger amounts in their bets because technically it is more fun to gamble with a lot of money as the risk is higher and gives you more adrenaline rush and excitement. And obviously when you put more money your wins are going to be automatically higher than someone who won with a small amount of money. Poor people tend to bet with small amounts because they can't afford losing more than that.

One of the reasons why you see that most of the comments on this page say the same thing as I do which is that there is no difference in terms of odds and possibilities between rich and poor gamblers is because we think using common sense and a rational point of view and I think that is the fact in the sense that when the rich person is unlucky then the amount of defeat will definitely match the amount bet which is greater than the amount allocated by the poor person. The difference is only in terms of the amount of budget at stake and the number of wins or losses, and on the other hand I cannot say that rich people have a higher chance of winning, we must be able to distinguish "chances" from "numbers", as I said above that for the problem of chances and possibilities are the same, and the only difference is in terms of the number of wins and losses between rich gamblers and poor gamblers. On the other hand, it actually doesn't matter what method of gambling the gamblers use regardless of whether they are rich or poor, but with a note that they must take the level of risk that suits their abilities, that's all that matters.

Judging by Maslow's pyramid, poor people are always focused on finding money for their needs. The bottom of this pyramid itself is to ensure safety, comfort, food and clothing.
This is exactly what people with low and even average earnings are doing. They have no time to think about entertainment, and of course they see gambling as a way to earn money, and not at all a way to relax and have fun.

But the rich focus on emotions. They don't have to worry about providing for themselves.

The poor gamble more than the rich they spend more time in gambling because they want to get rich quick which is not the case among the rich. The rich try to spend some time in gambling for entertainment. A rich man is busy for various reasons but a poor man has less work due to which he spends more time in gambling. The poor are also more likely to become addicted to gambling due to excessive use. And if you are an addicted gambler, there is no chance of getting anything good from gambling. But it cannot be said that the rich are not addicted. Because there are many wealthy gamblers who have lost their fortunes through addiction. Comparing the poor and the rich shows these things which are realistic. Actually in gambling there are no rich and poor who are lucky enough to win from the gamble but a poor gambler cannot keep the winnings from his gambling because they have to bear various expenses so they can not manage their proper bankroll in gambling and lost.

You are right with saying that playing gambling is only with the money you can afford to lose. We must do like that to prevents the losses becomes big and we can not accept it as using more money can leads us gets more losses. Gambling can not gives us the wins but gambling can gives us many losses. So we must realizes that we don't have to use much money to playing gambling because that can shake our financial and we can forget to limits our money to playing gambling. We don't have to gambling too long, especially use more money and that is what rich and poor gamblers must do in gambling. We don't have much chance to win so we don't have to follows other gamblers.  When we can control ourselves in gambling, there is nothing to worry and who knows, we can wins the games like other gamblers.

You seems to have captured my perspective of this matter because I realised that gambling is highly connected to the human psychology such that the moment you get too attached to the money,  it will become very difficult to make progress. Perhaps, this may be reason many gamblers have adopted the concept of gambling for fun and not for the money, the psychology behind this being that they have money to sort out their lives and gambling is not just for the money. This can work and may be the reason the rich win more than the poor, they don't have their mind fixed at the money and can cope with losses without being depressed.

I guess one of the reason is that , the rich don't actually take gambling as a big deal or a means to earn , they just literally do it for fun .and they don't actually care if they will or lose , what they care about is the fun they got from it. And also the rich don't actually use small cash to bet rather they prefer huge amount of money and it by any chances they hit the jackpot they will endup making tones if profits. While am average Man will always mind the way he or she use their hard earn to bet , like most people don't literally bet when they don't have extra funds to spare inorder to coverup some expenses .

Atleast you see my point, most of the comments I have read here are all speculating that rich gamblers are of higher chances of winning because of the fact that they gamble with huge amount of money which can make them select few games that won't be risky but with all my experience I have had gambling, I have come to understand that even the smallest of odds can turn out with a negative results prior to what you actually predicted the games that why my strong sense of all bettors being equal stands vividly so bet according to your standards and make lesser risk with your funds and not with your game selection.

Yes everyone always talks about winning in gambling, sometimes it is not uncommon for people to show off the results of their winnings to other people, especially to some of their closest people, such as friends, even though in fact the winnings are nothing more than just luck that came at the right time, but sometimes people - the person who showed it off said to others that it was the result of his greatness haha ridiculous. And yes, as you said and it is true, there are also some gamblers who say or believe that if a method works for other people, it will also work for them, even though it is clear that whatever method you use in gambling, it only helps increase your chances, but In no way can you guarantee or guarantee that you will also win like other people.

On the other hand, it is a fact that in gambling there is absolutely no difference between rich people and poor people in terms of opportunities and possibilities, the only difference is in terms of the number of wins and the number of losses because of course the bets of rich people are greater than those of poor people, but for the problem of chance and possibility remains the same, in the sense that rich people can win big but they can also lose big. What this means is that when you are involved in gambling then you must have the right mindset, and don't think about gambling by risking larger amounts like rich people do because it won't change the odds at all, and also set a plan to only gamble with an amount you can afford to lose regardless of whether you are rich or poor.

Why is that everyone always talks about the winning only or are forgetful of the fact that the same way a gambler can win massively that's the same way a gambler can also lose massively. Whether rich or poor gamblers, they should always be an understanding that in gambling you only gambling what you can afford to lose and we all know the world today no one is equal in terms of their respective earnings and thats why the stake difference between games is also there, if someone can gambler and lose a 100$ and it won't affect him then we are safe to call it their conform zone but if that lost of 100$ will affect you then gambling with such amount is never going to lead you to anyway.

Even if a gambler applies his skills like you mentioned, he will still have to get lucky to be able to win. I said before that skills or gambling strategies don't make you win all the time, although they can give you a better chance to win but if you are not lucky, then you can still lose. The rich have the privilege to stake a huge amount, and if they get lucky, they will win a huge amount, but the poor stake a low amount and also win a low price, unlike the rich, who get a huge win when they stake a huge amount. 

Poor gamblers must have a good control when they playing gambling to prevents the more losses because they don't have much money to gambling. They must realizes that they can't playing gambling like other people or even rich gamblers and they have a big limitation which is money. They can only use gambling for fun and not chase anything because that can makes them lose their money. However, they must be carefully when playing gambling than rich people. But rich and poor gamblers will have the same chance to win although the rich gamblers can wins much money because they can bet using big money.

Exactly, we agree on this issue, friend, because after all we will not be able to compare or say that rich gamblers can win more often than poor gamblers, because after all gambling will always be a risky activity regardless of a gambler's financial condition. in his life, or the point is as you said that rich gamblers can lose and poor gamblers can also obviously lose, meaning that anyone who is involved in gambling will still have two possibilities at the end of the session between winning and losing.

But perhaps the difference is only in terms of amount because it is clear that the amount of budget that is bet by rich people is much larger than that of poor people, which makes the amount of winning and the possibility of losing also definitely different, but it is a fact that the amount of budget that is at stake is absolutely impossible. It is a guarantee that you will be able to win, but in the end victory will only come when you are lucky, regardless of your financial situation.

Wealth comes in different ways, so a large amount of money in the purse does not indicate a person's intelligence! To understand this it is enough to compare two gamblers: a university professor, who teaches all his life, receives a small salary, which is almost all spent on paying the mortgage, utilities, food and education for his children and a young guy-millionaire, whose father works in the government and is involved in corruption schemes. They can both gamble and enjoy it and I don't think it's right to judge their intelligence by the numbers on their bank card account.

Feelings of anxiety or worry about losing money will always exist in every gambler, whether poor or rich, how can rich gamblers not be too worried about their losses? Are you saying that betting higher is less risky for rich gamblers? The casino will not favor poor or rich in the risks of playing, I think everything is applied fairly. Do you mean that poor gamblers are unable to implement strategies in playing and multiplying their money over a long period of time? I think every gambler of any class must have a strategy in playing and this is only a nominal matter in my opinion. Every gambler who experiences defeat will definitely have an impact on himself.

That's right, with those who have a lot of spare money or are rich people, of course they will gamble with high bets because when they get lucky, such as a multiplier or something else, it can make them feel more satisfied, which is also possible because they are rich people. have a lot of money in their accounts, they don't hesitate to place bets, even with high betting amounts, they are not afraid of losing or losing money, but that's how it should be. People who gamble must of course be prepared to lose or lose the money they bet. and this is not only for rich people, of course even for poor people they must be prepared to lose or lose money by gambling.
with poor people who gamble, of course their goal in gambling is to double their money in the hope of getting a win that can make them have a large amount of money, therefore they are not ready to lose or lose the money they bet on. and maybe every round can make them tense. In fact, there is no difference in whether the bet amount is high or low, but perhaps the difference lies in each individual's perception.

Weather the staked amount was huge or not, infact if you could properly examined, it could be the exact amount both social class were able to afford to lose while gambling, because just as the $1 been staked by a poor man is likely to probably be 1-10% of his capital, likewise, so will the $1000 been staked by a rich man also be 1-10% of his investment capital. Hence, judging their winning capacity according to their social class is never the best approach, because just as we have got good poor gamblers, so do we also have good rich gamblers, and it also goes vice-versa in terms of bad gamblers too.