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
issuecase of odds, it is
purebona fide mathematics. It is pretty obvious that
largermassive bankrolls will
allowlet you to take
advantageedge of
intelligentsharp sizing such as the Kelly Criterion to take
maximumheighest advantage of
long-termlongterm growth
and& to evade
destructionwrecking.
ButHowever people who have very
little money andtiny cash & are trying to
chasehunt big odds are not
reallyin truth investing but are just
contestingvie for
for lottery. It is almost a guarantee that these folks would
eventuallyafter a bit end up losing all their
capitalfunds due to the
gambler’sgamblers ruin as limited money against the house
advantageedge statistically means loss.
Moreover,as well 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
structuralsystemic maths
and& income
inequalitypolarity are also hitting you.