I was having a conversation about gambling with two young men and one of them said gambling is not for the poor people, that it has the proclivity to favour rich people much than with the poor, and the examples he gave made me to come close to endorsing his interpretation.
His argument is that the rich people gambling do not have to pack a lot of odds as in parlay bet to accumulate a high odd size that will give a satisfying potential win. The rich has the money to risk huge amount to a single game for instance 2 odds staked with $1 million to win $2 millions, but the poor staking with $100 to win $2 million has to pick multiple legs to accumulate odds to get such potential win. It hence decreases the gambling winning chance whilst the rich gambler chance remains increased.
Then "poor" people shouldn't gamble at all.
Why should it come down to the point that the subject would talk about how rich people are hugely favoured in gambling when in fact, it should be the poor ones should are the main point of the subject. Besides, gambling is gambling regardless of whether one is poor or rich. It's just that the rich ones have the advantage because of financial capability, but still, they are facing the risks.
Also, keep in mind that 2.0 odds are not a safe haven, and you can easily call it a sure win. If sports betting is that easy, most rich people in the whole world should take sports betting as their main source of income now, since x2 profit can be made without sweat. But it's not.
But with the situation you have shared, the poor one you are referring to is not really poor lol, as they afford to risk $100 in sports betting. Not just a simple risk, they have made there since they also have the guts to bet on multiple parlay legs. Is that a poor one?