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.
I think its easier to make money if you are rich than when you are poor. So if you gamble and lose, you are not broken. But if you are poor, you have to think about basic costs bankrupting you. That is basically the difference; the rich play without much consequence and the poor play with the consequences of getting themselves into a really tough life situation.
The poor can play, but they should not gamble with more than they can spare. In fact, bet with as little money as possible. You will still get that adrenaline kick that you are longing for but you get to keep most of your money and dignity at the end of the day.