Post
Topic
Board Gambling discussion
Re: Rich, average or poor. Who loses more?
by
Rabata
on 01/01/2024, 05:11:05 UTC
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.
Your point is not unreasonable. Because we know that people who spend more time in gambling they will have the provability to loss in gambling more. But we cannot be sure that a rich or poor person spends more time in gambling. We know that if a rich person wants he can withdraw profits from there by betting more in a short period of time, but for a small amount of money, a poor gambler spends more time in gambling. In that case the gambling amount of rich person will increase and if so then there is a comparatively poor gambler to lose more. I often see that a poor gambler loses more than a rich one. Although his amount of money is less than that of a rich person, his gambling losses are proportionally higher.