Topic: Do you gamble because you don't have sufficient money? - page 44. (Read 7205 times)

Only a few, as we know, really want gambling because of money, but still, those who play will be the ones who really have fun with it, like playing games on your phone. There will be excitement and thrills without money, but again, only a few will play because most of their purpose is to gain money and get lucky enough to change their lives if they win big. Also, I've noticed that poor people bet more on less expensive things like the lottery to have a chance to win big.

We all have our targets, reasons why we wager on game. Everyone has a unique justification for gambling; I have a distinctive theory and ambition in gambling; there are several advantages I would like to get from gambling; it is usually done incrementally before tasks are completed gradually. If the right risks are not calculated, the gambling system can generate tremendous profits while simultaneously draining our accounts. Most people do not consider gambling to be a recreational activity; rather, they concentrate their efforts in order to get outcomes that are beneficial.

Take away the potential for profit and gambling would lose its charm; it would be no more than a hollow pastime.

Yet, isnt this true for all risk-taking activities? Humans are wired to seek rewards and avoid losses, and its this very instinct that fuels our appetite for risk. Gambling simply presents a more direct and immediate way to satisfy this instinct.

And yes, demo accounts may seem unexciting due to the absence of real money. But lets not forget their true purpose: to serve as a safe and risk-free training ground for newcomers. Gambling with actual money without proper training is akin to diving head-first into a pool without knowing how to swim; the outcome is predictable.

Exactly, how many people would be gambling if there was no money involved in gambling. Of course, no one could be found. No matter how much we say we accept gambling as a fan, but the reality is that if there was no money, there would be no fun. Many of us often recommend the use of Gambling's demo account to teach new gamblers how to gamble. But it can be seen that no one is encouraged to gamble because there is no gain or loss even if you lose much money as you like. If there was any real money related issue, it would have been used. Whether a person has enough money or not, those who like gambling will gamble. There are so many gamblers who have lot of money but they like to gamble because there is a matter of money involved.

Most of them returned to gambling to get more, because he had gotten and felt that gambling could give it a large amount of money, and yes the mindset would be the reason why gambling for him was worthy as a place to earn income.

More precisely maybe he wants to make money the easiest way, namely by gambling, because gambling is easier to do and the victory offered gets a huge profit even with a small modal, thus encouraging it to do gambling and make money from it.

That is the essence of the question. Yes money is used to gamble and like you rightly said we need money to gamble, that means if you don't have money to gamble then you wouldn't, so do you gamble because you want to have money ? Because some people gamble as a reason to have money. Such people gamble as a source of income, they belong to a certain class of people with the mindset of grabbing wealth from gambling. They don't have wealth and they believe to make it through gambling.

It depends, it can also happen to people who happen to be very lucky for quite a long time, which makes them think that they actually have a skill that is superior compared to others. Once the losing streak begins, they repeatedly doubt the losing streak can keep going for long as they have first learned because of wrong impressions that they are in control of the game. In poker that happened because the environment changed a lot over time when more people got to know the basics and could also use bots in online poker.

But what do you think if someone earned 10 million with gambling and then loses 5 million, it would still be smart to stop right there, but again what do you think how many stop gambling then? I think it's not many.

First of all, we need money to gamble. So if a person is very poor or he does not have spare funds to gamble, then he can't gamble.
For those who can afford to gamble their motive is to increase their wealth without doing any hard work. The thought process is the same for the middle class or the rich gamblers. Both of them want to increase their wealth.

There may be exceptions with some of the very rich gamblers, they may gamble only for fun and not worried about losing the money.

But this rich man shouldn't be too confident because in one wrong move he can become addicted and ruin his business finances.  We have read and watch documentaries of rich people get poor because of gambling addiction, even selling their family just to continue gambling in earlier years when human trafficking and slave isn't that of an issue.


True that since $10k  for a wealthy man is just a penny while $100  for a poor person means everything.  I would also go with your advice that as a gambler no matter what is our financial status, must gamble responsibly and must always know the limit or boundaries of what we can afford to lose.

Most likely they do. But if a millionaire loses $10k to gambling it is not as painful to him as for a poor man to lose $100. And this is very important to understand. Rich or poor, you should only stake what you can afford to lose. I hope some poor people who want to get rich through gambling read my post and drop the idea. Buy a $2 lottery ticket if you want to have that hope in your heart, but don't put dozens of USD at risk.

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

Not my intention to hastily generalize a specific group of people over a discussion on why poor people gamble, I'm just saying that those poor people who gamble, do so because they feel like they need to in order to win and make ends meet. I should've made it a lot clearer which is an honest mistake on my part. I don't agree that all poor people gamble, most of them don't have the capabilities anyway and the others that do, are either aware of the nitty-gritty behind the gambling industry, or are just not interested with it.

As for my "the whole system is rigged" cabash, it's not just about getting licensed or operating under legal jurisdiction. It's just that casinos literally rigged the system in their favor. Fun fact: we have been gambling for thousands of years but casinos didn't came to be until around 1638 or 1618 if I'm not mistaken. Back then people gamble with each other with no mediator, so one guy wins and another loses, casinos came in and change the whole game by introducing more features and less transactions with other players, not to mention house advantage.

So now instead of another person earning your pot when you lose on a gamble, it's the casino that's taking it, and at the same time, the house edge literally puts them at a priority higher than the player which if is not "rigging the system" then I don't know anymore.

I'm not saying this to throw shade at casinos or gambling sites cause heck I'm playing on these casinos too, but I'm driving the point of why poor people shouldn't gamble, and why rich people gamble. The poor gamble even if they couldn't because they believe it as a way for them to get that big break they're looking for all their lives, the rich knew that the system is rigged but plays anyway cause there's thrill in beating a system that's stacked against you.

Since everyone needs money, it does not necessarily mean that we gamble or we could gamble when we don't have money. Going into gambling should be based on personal reason with different goals. People can bet for different reasons but most time, we bet to increase or portfolio or the amount of fund that we have. Gambling is for the strong and those that have the urge to gamble even when they keep losing in the past. Since the aim of gambling is to increase our Capital, people will never stop gambling, rather the amount of people into gambling will keep increasing with time.

Actually it's not common to all,it happen to the person who ready to spend entire things in gambling.Which he get from the gambling,it's not the correct approach.You should use the money you get from gambling into the trading.Because,when you play the gambling with the positive emotion,you will deposit the high amount to the casino website.You also do the high bet,when you win huge amount in the previous bet.The poker itself enough to the person to win huge amount in the short period.But play the minimum amount of poker to avoid of loss.The worst move done by the gambler is,they will repeat the same game many time.If they gt huge amount of winning money from the certain game.This must be avoided by the gambler to avoid of big loss.   

Well, i want to believe we all live in different environmental settings with different categories of gamblers near us, I don't think the rich gamblers will be too much addicted to gambling because the larger percentage of those being addicted were the ones below average standard of living and they sole depends on gambling for a living, so rich gamblers will not have the expression of this attitude of being addicted in the because they are only doing it for fun and not to make money since they already have enough.

An interesting turn in all of this is that some people who became rich through gambling also became poor again through gambling. The story of these professional gamblers becoming rich was often sold to the public as if you put enough effort into it, you can become rich playing poker for example. But the reality is that some of those poker superstars who had been said to have become rich playing poker went broke later on. Is it because they had the tendency to risk too much from the beginning but gut lucky for quite some time? Or maybe there was a lot of manipulation involved and specifically in online games the tables were rigged in favor of some celebrities.

Shouldn't it be the reverse? You gamble because you have more money than you can spend so you just use it for fun? I mean I am not rich by any means but when I try to gamble I end up gambling with money I can lose, which means that I could also burn that money and I wouldn't have to worry about it, it's money I already gave up on. That is how I have fun, because it means I could still lose and not worry about it, so when you are not worried when you lose, that means winning means even more to you.

When you are gambling because you need money, winning is nothing, that's already what your aim is, you expect to win, that's what you needed but when you lose that's the opposite and you are going to be feeling very bad afterwards.

But some rich people deliberately play gambling for entertainment and like to waste their money playing gambling. That may seem silly to many people, but we're not saying anything because it's their money that they can spend on so many things. But lower class people gamble to earn money, and it's normal that they think so because they see real examples of people who managed to win some money. They see that the winner's lives change drastically after winning big money, so they try to follow it, hoping that one day it will be the time for them to win big money.

Observation can influence the success rate of sports bettors because if have good knowledge about a particular sports or let's say you're fan to a sports team, for example you view the Premier league weekly you'll know the strength of the teams, their performances and how well they stand a chance of winning or losing to their opponents, you'll always have record of their previous performances which would also help you in determining their chances of winning and that would help you in your predictions cause you'll know when the team is strong or weak bet on.
 different people gamble for different reason, gambling is not for the rich or poor, so far you acknowledge the risk in it and apply the risk management involved in gambling then you're good to go, but According to the OP's question it is not a good idea to gamble because you don't have sufficient money, because it means you're trying to double your money and luck might not come your way, that's why experts always advice that people should gambling with a spare cash, money you'll lose and not complain because you've got reserve, a poor man without a job or source of income should evem be thinking of gambling as an investment.