Post
Topic
Board Gambling discussion
Re: Why the rich win gambling more than the poor.
by
ethereumhunter
on 16/12/2023, 11:08:06 UTC
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 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.
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.