Post
Topic
Board Gambling discussion
Re: Why the rich win gambling more than the poor.
by
Kelward
on 04/06/2024, 11:31:48 UTC
I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.
In my understanding the reason why the rich wins more in gambling than the poor is quite simple, because they bet more. What a poor person can bet in a whole year will be what a rich person will bet in a single game, so assuming that a rich person and poor person bets the same thing on a game, you can never compere the amounts of money that each of them can win. So because the rich have higher chances of winning more, that is probably why they will gamble more than the poor, also I believe loses will not affect them much because they have too much money to spare.

Don't forget that the rich also loses more money in gambling than the poor because one lose is greater than many loses of the poor, so the equation is balanced that way. The higher the amount of money that you gamble is the greater your chances is at winning a higher amount of money ,vice versa.