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.
The people with the least money available to spend can often be most susceptible to the gambling trap for many reasons, but everyone is vulnerable to becoming addicted. Those who have the least money are usually desperately seeking out "easy" sources and shortcuts, but can fail to understand the maths that is set up against them. The richer your family is, the more likely you are to reach higher levels of education, which can help defend against many traps that gamblers fall in. There is also a stronger incentive to chase losses and add to them, because if you've lost your last $10 it stings a lot more than when you have a few million left in the bank, and your mind can get distorted, thinking the casino "owes" you a win.