I agree that it does to some extent and to other extents it doesn't and heres why ...
Society portrays an image of many different groups of people It really depends on how well theese groups are viewed . This stereotype that society portrays on people if it is largely negative then this will reduce your chances of succeeding with people who believe in these stereotypes and who care what their family and friend's think .
However If you deviate from this stereotype and make it known then it really should not matter
I mean if your a black guy going for the whole 50 cent look then expect the stereotypes which comes with the look you may be able to suceed with some girls but the ones you do will be limited
however if your a black guy and you deviate from this and go for something like this
Then the stereotype is changed and your chances should be increased.( ok maybe not theese guys but you get the picture)
In the end to play the game you first need to master society's rules .