The important thing should be if they are actually playing with the amount they can afford to lose than an amount which is potentially high above their expectations with this, there could be no fun while gambling. The only difference between millionaire as you said is just that they wouldn't that affected because they have sufficiently enough than those who are trying to make gambling a source of livelihood.
Without a doubt it is a great way of seeing things, because if we start from the fact that when we are looking to win in a casino it is because we must measure ourselves with our money , rich people have many ways to earn money, there are some who dream of spending time winning , if that were the case for everyone I think that casinos would have less profits than they do now, since rich people only think about investing to Multiply their money and not having fun to Spend time in a different way.
Actually rich people is only interested to multiply what fetch them money, what we think of rich people is not how them seems themselves, I believe that gambling is all about profiting not all about spending unnecessarily, because I know very well that most of people who gambles what they are interested on, is to gamble and win, so I don't think theirs anyone who is into gambling that's interested to lose everything in the gambling, the primary objective of every gamblers is to make profit in the gambling.