Post
Topic
Board Gambling discussion
Re: THE POOR RISKS LITTLE TO WIN BIG WHILE THE RICH RICKS BIG TO WIN LITTLE
by
₿itcoin
on 20/08/2025, 17:10:08 UTC
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.

Bruh, the rich-poor betting disparity is not an issue of odds, it is pure mathematics. It is pretty obvious that larger bankrolls will allow you to take advantage of intelligent sizing such as the Kelly Criterion to take maximum advantage of long-term growth and to evade destruction. But people who have very little money and are trying to chase big odds are not really investing but are just contesting for lottery. It is almost a guarantee that these folks would eventually end up losing all their capital due to the gambler’s ruin as limited money against the house advantage statistically means loss. Moreover, inequality drives more desperate, risky investments in less wealthy districts, making a feedback loop of harm. Well yea, you are not only getting screwed up by luck but structural maths and income inequality are also hitting you.