I do not like thread that are long already. I prefer threads that is not more than 1 page long. I went through a long thread this time, some people are quoting me on the thread about who loses more to gambling and I read some replies only to find out that most people are saying rich people are likely to make money than poor people in gambling.
This is the thread
Why the rich win gambling more than the poor. Is this not contradictory? I am not rich and I gamble and lose more. The same story by many rich people. People said you can not win the house. If more people are registered on a casino or a bookie site, the owner of the site will be happy. Because they know they will have more workers and be able to pay them as they will earn more. If you deposit huge amount, the more the happiness because the house would win at last. This is not about rich or poor. And this only shows more that the rich are likely to lose more.
So why are people contacting themselves. They will say the house would win because of house edge. Now they are also saying the rich would win than the poor. Is it not the others way around that the more the rich spend on gambling, the more the money the rich will eventually lose.
They don't know that they talk. They think that if you play with dice with a martingale strategy with 20 BTC, your chances to win are almost guaranteed because you have enough money to handle losses but that's far from the truth. Casino has a guaranteed advantage and house edge is that advantage. 0.5%, 1% or higher doesn't matter. In short, you can't beat the house, you can't change mathematics. Instead, you should try to stick with pure luck because only luck can beat it, that's why newbies often win when they start gambling but lose over time when they play with strategies.
Rich or poor are both equal in this case. Only one difference that exists between them is that if rich bets low amounts of money, will experience long sessions while poor is more likely to leave the casino first if he is not lucky.