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.
I seems that whole comparison is wrong here. Or a gambler that is poor in this story is not in his right mind. Who would try to win millions with just 100 bucks? Person should set goals that are achievable. Those two young men, whos conversation you have heard, dont understand basics that with big money, people can achieve more than people with little money. And that has nothing to do with gambling at all.
Look on this from losing point of view. Loosing 100 bucks, that not a tragedy. That poor guy will go and work extra hours and within a week he will get that 100 back. Loosing a million will take more than a week to earn it back. Now poor person has more chances to get his 100 back than rich guy his million.