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.
The promise of a life-changing win draws people with modest means to gambling. They want empowerment, independence, and possibly equality with the wealthy, not just money. If they stopped and counted their spending, the revelation might be shocking. Hard-earned money often vanishes. Complex psychology: each loss reinforces the belief that the next bet will be
the one. An emotional rollercoaster fuelled by optimism but rooted in loss.
Compare this to the rich. Their gambling is unique. Their dangers are reduced by bigger pockets and diverse revenue streams. Their goal is excitement, not survival. That's a striking reminder of the financial difference, right? For individuals outside that elite, gambling is dangerous and rarely profitable. Moderation, as you say, is vital. Finding balance, comprehending dangers, and realizing that
winning big costs more than money is key. It's about financial and mental security.