This makes gamble a game of luck to the poor and a game of strategy to the rich.
Ex:
RICH ($10,000 * 1.10 odds) = $11,000
POOR ($5 * 1000 odds) = $5,000
With this you can see that the chances of the Rich winning is very high up to 90% while the Poor only have 10% chance of winning which now is based on luck!
This makes me think about the saying that goes by "THE RICH IS GETTING RICHER WHILE THE POOR IS GETTING POORER"
The get rich quick mentality is killing the poor.
I want to continue your Ex:
Rich lost $11,000 with odds 1.10
Poor lost $5 with odds 1000.
The result: richer people becomes poor faster.
One more result if rich lose and poor win.
It was a thread here, how the gambler lost more than $1mln dollar with the odds about 1.07(if i remember correctly).
I made an experiment myself - i bet all event with odds less 1.10 - i lost deposit in 2 weeks.
The right answer for your example - poor man sillier than rich man. And trying to become rich in few days with bankroll $5 - bad idea.