Do you gamble because you don't have sufficient money? - page 46.

DoublerHunter

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Quote from: Ondekinecakabilirim on July 22, 2023, 04:22:10 PM

Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think we should have statistical data in order to make a healthy comment on this subject. But I disagree with the main idea of the story. Because I'm just gambling for some dopamine. Because my work life is so stressful and the best thing to distract me is gambling. At the end of the day, whether I make money or lose while gambling, I am excited by gambling. I am reaching my goal. Of course, when I earn money, I am happier. But I never gamble just to make money. My first priority is to get some excitement and distraction.

^It seems like we are the same purpose for gambling, to relieve stress after a whole day of work.
I saw somewhere else but I don't remember that statistics do show that gambling participation rates probably be higher among lower-income groups, but this does not necessarily mean that the poor always lose more money than the rich. It simply reflects a higher representation of the population in that income bracket participating in gambling activities because others may prefer to keep their gambling activities private, and they may choose to gamble at various venues, including online platforms. So it is hard to determine.

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Quote from: KTChampions on July 22, 2023, 04:11:06 PM

Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think this question should be addressed to sociologists (what do people's opinions matter without concrete facts?), but even their research will be relevant only in relation to those countries and conditions in which they were carried out. Different countries have different cultures and laws, so the percentage of gamblers can vary greatly from this - for example, gambling can be severely prohibited in a country, but as we know, the elite always have access to forbidden pleasures, so there will be a completely different ratio than in those countries where gambling is available to everyone.

I think and in fact I am quite sure of this now as I am a member of many gambling websites and I have seen that people from different countries and even different continents have the same greed,passion and desire for money so I doubt it is based on countries.Those surveys that they show us like for example Australia to have the highest number of gamblers and Italy to be in top 10 there is completely wrong,I have friends from Brazil which I never thought was a country where you could find many gamblers yet they are crazy gamblers in the true meaning of world crazy,they spend huge amounts in gambling.

Ondekinecakabilirim

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think we should have statistical data in order to make a healthy comment on this subject. But I disagree with the main idea of the story. Because I'm just gambling for some dopamine. Because my work life is so stressful and the best thing to distract me is gambling. At the end of the day, whether I make money or lose while gambling, I am excited by gambling. I am reaching my goal. Of course, when I earn money, I am happier. But I never gamble just to make money. My first priority is to get some excitement and distraction.

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think this question should be addressed to sociologists (what do people's opinions matter without concrete facts?), but even their research will be relevant only in relation to those countries and conditions in which they were carried out. Different countries have different cultures and laws, so the percentage of gamblers can vary greatly from this - for example, gambling can be severely prohibited in a country, but as we know, the elite always have access to forbidden pleasures, so there will be a completely different ratio than in those countries where gambling is available to everyone.

Lida93

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

What do you expect in a world where the poor class are of the highest population if divided into three parts the number or percentage on each part still higher than that of the rich class. So no matter how many rich persons participating in gambling the number can't placidly be compared to a part of the poor class.

No man is ever sufficient of the amount of wealth they may possess if they're not gambling doesn't make them sufficient, both the rich and poor gamble it's the difference in the number of population to each class as we have in the society that makes it seems like the poor gamble more than the rich based on how densely populated the poor class are.
Marina bay in Singapore is a good example of a casino resort mainly meant for the rich and wealthy class gamblers, if there are few rich gamblers such place would have stopped functioning due to low patronage.

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Quote from: Merit.s on July 22, 2023, 03:01:55 PM

I presume that the rich loss more in gambling than the poor.

Of course. They also gamble more and they're often social gamblers, which means they don't do it to make money, but to kill time, interact with people, show off.
The person who argued with OP is wrong. People don't stop gambling when they have "enough money" because there's not even such a thing. You never have enough. You might think now that if you had a million dollars that would be enough for you, but then you'd want 2 and 10 and so on.

macson

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

i don't agree with this person's view, how can a poor person gamble when he has difficulty making money for himself ^{(but mostly poor people play the lottery)}
the majority of gamblers are middle-class and upper-middle-class people, they make money already so the gambling activities they do are just for fun. usually rich people gamble on games they like like cards or sports betting ^{(which don't rely purely on luck)}, it's rare to play slots because according to them, slots are just a game of chance and don't require good analytical skills, while the rich are trained to do that.

Merit.s

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I presume that the rich loss more in gambling than the poor. The reason why we might not see rich people gambling openly is because as an average or poor man,there are places that we are limited to go. There are big land based casinos that are strictly for the rich and the casinos have hotels for gamblers to lodge so that they can have easy access to gamble for long. The statistics of the poor is higher than the rich,this is also another reason why you see more of poor people gambling. Take example of drake,how he spends money on gambling on stake. OP,should remember that rich includes not old and young people.

Cling18

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Quote from: BitcoinPanther on July 22, 2023, 02:45:27 PM

Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

How sure is your friend that these rich individual do not gamble? Anyway, I believe there is no need to argue whether a person gamble because he is lacking. People gamble because they wanted an entertainment, get huge winnings or win in order to get the amount he is missing.

All walks of life gamble and they have their own reason and one of that is the scenario stated by your friend. But we also cannot deny the fact that even people with enough money gamble.

Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

It is obvious that there are more lower class that gambles than the higher class because they are more numerous in number.

People gamble regardless of their financial status but they have different purposes. Some gamblers only seek entertainment through gambling while others aim to win with the hope of having their lives change on it. We aren't sure that rich people do not gamble because gambling could easily be kept silently.
However, I still agree that some of the richest people aren't contented with their wealth just how huge and popular businessmen do but that doesn't mean that they only rely on gambling. We all see gambling in different ways and as long as we aren't relying our lives on it as well as our living, then we are seeing it the right way.

BitcoinPanther

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

How sure is your friend that these rich individual do not gamble? Anyway, I believe there is no need to argue whether a person gamble because he is lacking. People gamble because they wanted an entertainment, get huge winnings or win in order to get the amount he is missing.

All walks of life gamble and they have their own reason and one of that is the scenario stated by your friend. But we also cannot deny the fact that even people with enough money gamble.

Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

It is obvious that there are more lower class that gambles than the higher class because they are more numerous in number.

Mr.suevie

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Quote from: yahoo62278 on July 22, 2023, 04:47:30 AM

Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

The rich are rich usually because they are smart with finances and investments, not because they gamble and got lucky. They may partake in a casino trip here and there but they're not gambling millions of dollars a day. I don't know the percentages, but I think most people are gambling for entertainment regardless of their status in society.

That's very correct and I have seen several cases of people winning or getting lucky securing huge wins in their gambling act but many of them have failed to successfully maintain and remain in that status of wealth because like you said maybe they were not smart enough and failed to manage themselves properly. As for the act of gambling away millions, I think some rich folks are do that and the perfect example would be the famous basketball legend son(Micheal Jordan) who gamble aways lots of millions in just a night and drake the hip pop artist is another rich gambler prone to such habits

Japinat

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

First off, having an argument with people who aren't open minded is just a total waste of your time. You can tell that the person did already locked that idea in his head and having an argument will not change with what he believed even if you managed to gather some point to somehow alter what he believed.

Second, I don't think or should I say that I don't really believe that people who are already rich are already contented with what they have. Just take for example Jeff Bezos, Jack Ma, Elon Musk and Mark Zuckerberg, these names are worth billions individually but you see up to now, they are still expanding their businesses along with their net worth. And then there's Drake who is also worth $250 Million, he is still gambling despite those millions in his possession.

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Quote from: cabron on July 22, 2023, 01:40:34 PM

Some people actually will gamble because they do have money, it's still logical to me. Though there are people who gamble because their money is not enough.

I still wouldn't consider them rich and poor who gamble. There are just individuals who despite having less money and likely not able to afford their next meal but will gamble.
I wouldn't worry about those rich individuals who are gambling though. But getting the ratio as to which of them are prone to gamble, they are the less fortunate.

Gambling is based in individual choice,its not everybody who gambles for money,some people gamble simply because they enjoy gambling,while some person's gamble because they want to win a very huge amount of money Gambling is not supposed to be ayhing you rest your mind on,thinking it will definitely fetch you money,it's supposed to be a thing you just give a try,if it plays well,then the better,if you loose,you have to accept that fact too that loosing is part of the game.It is very vital for every gambler to know where he or she belongs,every gambler is supposedly to know that everyday is not Chrismas,some days you loose,while some days you win,you just have to balance the equation because everyday will never favour you.Above all,one just have to keep on trying.

SirLancelot

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Quote from: _act_ on July 21, 2023, 11:17:06 AM

Quote from: coin-investor on July 21, 2023, 11:02:26 AM

Based on the article I found online people in the poor neighborhood have gambling problems but this is an old study I don't know the recent and I think the study is still relevant today because there are many poor people compared to rich people, here in our location a game whenever there is a fiesta and there is a betting game there a big numbers of poor and middle class people although rich people play in casinos they are outnumber when it comes to lottery games where people bet to change their life for the better, with so many people in the world they turn to gambling like lottery because its a cheap ticket out of poverty if you hit the jackpot.

There would be some rich people that would have gambling addiction too, but they may be able to calculate their risks and not spend more than what can affect them. There are also rich people that have become poor because of gambling. I believe that anyone can become a gambling addict, be it rich or poor. But one thing about the people that are rich is that they believe more in what is letting them to make money and gambling is not one of them, unlike the poor people that can think of gambling as a way to make money, causing the addiction.

Yes, addiction has no limits. Everyone is exposed to it whether you are rich or poor. If you are addicted, you don't know the risk anymore. You will just play until you get enough which is still beyond the limits of a normal/non-addicted gambler. If a rich became poor especially because of gambling, that will be shameful but not for the poor because people around them are already used on seeing that.

It is actually possible to make money in gambling but it was not only consistent and then you will need to have a strong discipline first before you attempt it because gambling is highly addictive. We might only re-deposit the profits that we already made and potentially lose it.

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Yes the percentage of rich people gambling are higher than the middle and poor class because rich people don't see gambling as a way to make money. They have investment that makes money for them so they can use money for anything they want like pleasure and fun.

Rich people don't gamble because they want to make money, we still have few of them that do it for the money then as for the lower class they do it because that's the easiest way they can get money which is why we have many addicts in the lower class and they can't stop.

Gamblers see gambling as a way to double their money and if they had better life's they won't be gambling. From my experience I gamble more when I wasn't financially strong than when I got a job and was making good salary. I started gambling just for entertainment and fun.

qwertyup23

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think yes- there are more gamblers who view it as a money-making venture than those of people who view it purely for entertainment.

Think of it this way: the population of rich people is significantly lower than of the population of the middle to lower class of people. Naturally, there will be more lower-middle class of people who would gamble by basing it on the statistics alone.

With this being said, even if there may be some lower-middle class people who gamble for entertainment, majority of them still view it as something that can be a source of profit. Though this may also be the case, the nature of such profit involves high risk of losing, which ultimately worsens their current status in the society.

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Some people actually will gamble because they do have money, it's still logical to me. Though there are people who gamble because their money is not enough.

I still wouldn't consider them rich and poor who gamble. There are just individuals who despite having less money and likely not able to afford their next meal but will gamble.
I wouldn't worry about those rich individuals who are gambling though. But getting the ratio as to which of them are prone to gamble, they are the less fortunate.

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Quote from: Gozie51 on July 21, 2023, 10:47:05 AM

...//::.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

#TBT addicted

Fast answer, yes, and!/or! no.
Anyway, how does it answer affect or benefit to you, With a real bet, Well, You gets a probability to bet 50% probability.

It's the same as always, this is a topic from another board, social, in any case the answer is simple, where is the volume of millionaires, there is a relationship taken from who knows where, that says that for every millionaire there are about 1000 poor people, it more or less does not matter.

Hypnosis00

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Quote from: Solosanz on July 22, 2023, 06:15:26 AM

I'm not a rich person, but I have sufficient money to gamble.

If I don't have sufficient money which I used for gambling, it's mean I gamble for making more money. This is not good because if the result I'm not making any money, I will felt remorse after gambling.

We as a gambler should gamble when we already have sufficient money, don't force yourself to always gamble every week even though your income aren't stable enough.

As a gambler, we must also know how to limit our expenses in gambling. Not because we have sufficient money we can gamble our whole life and not manage our limitations because even if you have thousands of millions today, it will drain fast for sure. So before it happens, we have to be sure that still we are in our control and never think that we have a lot of money to spend but must to stick the limit otherwise, this will lead to getting poor.
We should help ourselves to become responsible gamblers.

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Quote from: tusandii on July 22, 2023, 05:35:39 AM

Quote from: Gozie51 on July 22, 2023, 05:08:09 AM

Quote from: uchegod-21 on July 22, 2023, 04:34:26 AM

Both rich and poor gamble and both becomes addicted, but the addiction of a poor man is easily noticeable because of lack of money.

If the addiction of the poor is easily noticeable that means the poor gamble with desperation to meet up with needs and regain his lost money which in any case is not regained because he continues to lose as it is not easy to win often times against the house or the casino. This is the situation in gambling for those who see gambling as source of income or that try to get huge jackpot from gambling.

Most are like that, but gambling addiction for those who are poor is very dangerous because it can have quite severe negative impacts, such as daring to borrow some money or even commit some criminal acts depending on whether their minds can still be controlled.
Most of them think they can be lucky and get wealth to change their lives, but actually all of that is wrong because getting a win to be able to change the fate of gambling is not an easy thing.

The difference is very clear between a rich gambler and a poor gambler.
A rich gambler is likely to win very big in gambling because they would not attached so much emotion to it, because they already have money and again, they will have high-staking power in gambling which will easily turn to higher returns.
But a poor gambler will use small amount of money to chase a big win which might never happen.
And the more they lose, the more they make some revenge gambling which will lead them into addiction. The result of it is social menace of stealing and other types of vices.

Topic: Do you gamble because you don't have sufficient money? - page 46. (Read 5933 times)