People are really thinking that they can make a living on it, but it turns out they can't. Most low-income earners really try their luck at gambling because that is the only time they can earn big if they win and they can purchase the things they want, but right now that is where the addiction starts as they keep betting on a daily basis, but again, we can't blame them as they are hoping for a big win.
Addiction develops only when a gambler develops the mindset of winning in every wagers positioned. They are frantic to place wagers on numerous games without consideration for their bank account, leaving them with debt. Gambling is absolutely not the best strategy to plan financial issues, and gains from gambling are not required. In contrast, low-income people work hard at every step of the way just to be able to pay their bills. However, their motivation is quite understood; they are willing to go to any length to provide for the needs of existence. 
Topic: Do you gamble because you don't have sufficient money? - page 46. (Read 7152 times)
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
Rich people are lower in count comparing with middle class or poor people. So it's a common thing that poor people will gamble more than them but I think it's a passion for everyone. Many rich people Play gambling and they have passion on it and obviously then can afford their loses. But poor people are mostly addicted on gambling because they are forced by their economical crisis. Still some of them have passion on gambling because if you think you have a great observation and decision taking power then you will obviously be successful in gambling.I oftenly gamble because I feel passionate on it as it makes me more confident and help to grow more observation power. I will also suggest everyone to grow your skills then play it otherwise fortune will not favoure you everytime.
How unfortunate is that but that is how some people look into gambling and consider this as a tool to get into a higher position of life without realizing that if they keep that money it is huge already.
I agree that it is an unfortunate situation that people look into gambling this way, expecting to be rich through gambling and because of such mentality, they play life savings and no borrowed money on it. This situation is usually rampant with the low income earners who don't have better monthly salary but want to find another source of income. Gambling is not another source of income , you can't calculate the ROI with gambling for it to favour you. ROI will always favour casino owner.
People are really thinking that they can make a living on it, but it turns out they can't. Most low-income earners really try their luck at gambling because that is the only time they can earn big if they win and they can purchase the things they want, but right now that is where the addiction starts as they keep betting on a daily basis, but again, we can't blame them as they are hoping for a big win.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
I do think so that the rich gamblers are lesser than the other status of gamblers. But with all types of status, we will never know and we won't get the actual ratio of it. Most of the rich will protect their wealth and they're not going to do something odd that will make them lose their hard-earned money. While in most depressed areas, gambling is proliferated because of how tough life is there from those areas and people are looking for ways like gambling as their temporary to permanent way to solve their poverty.Yeah, there might be no accurate statistics to confirm this, but I think that poor and middle-class people are usually more numerous when compared to the rich, and you are right that some rich people don't also like to joke with their hard-earned money. The poor and middle class are always looking for a means to supplement their income, and as such, they can easily be beead by their friends to gamble, believing they can earn gradually from it. Some of them, when they go into gambling, find it difficult to resist Gambling, despite the fact that they may be making little or no profit. So, I just believe that rich gamblers are less than middle-class and poor gamblers.
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So my question is, is the percentage of the rich gambling lower than the middle and lower class?
I do think so that the rich gamblers are lesser than the other status of gamblers. But with all types of status, we will never know and we won't get the actual ratio of it. Most of the rich will protect their wealth and they're not going to do something odd that will make them lose their hard-earned money. While in most depressed areas, gambling is proliferated because of how tough life is there from those areas and people are looking for ways like gambling as their temporary to permanent way to solve their poverty.Yeah, there might be no accurate statistics to confirm this, but I think that poor and middle-class people are usually more numerous when compared to the rich, and you are right that some rich people don't also like to joke with their hard-earned money. The poor and middle class are always looking for a means to supplement their income, and as such, they can easily be beead by their friends to gamble, believing they can earn gradually from it. Some of them, when they go into gambling, find it difficult to resist Gambling, despite the fact that they may be making little or no profit. So, I just believe that rich gamblers are less than middle-class and poor gamblers.
I think that everyone knows how small the chances of winning the lottery are, they are so low that you can buy lottery tickets all your life and never hit the jackpot. But despite this, there are those who buy tickets every draw, of course, this is all done for the sake of money, and yet some lucky ones manage to win, so people continue to believe and buy tickets. I am skeptical about lotteries and do not believe that it is possible to win.
Surely there are people who depend on what luck can bring for them and they will keep playing as long as they see money with them. This is what you get when money is the only motivating factor for a gambler and that is what will happen if the primary source of income is in gambling, so whether good or bad or under summer or winter they will continue to try their luck. However there are lucky people with hitting jackpot but very few percentage.
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The biggest mistake is that they have forgotten how gambling works, where can only get a win when are lucky, so how can make gambling a place to get additional income.
So, when deposit a certain amount of money to bet at any time, they can think that winning every day is impossible and having money used for gambling will only bring losses, so that from such thoughts a sense of responsibility for actions can arise and start using gambling only as a means of a place to have fun.
Somehow people with a relatively low economy always have upside down thoughts about gambling.
If we don't have enough money, we should forget about gambling and have no desire to make money from gambling. Many have had this bad experience and we don't need to follow it. We can indeed deposit some money to bet, but we have to look at the economic conditions in our family so that we don't interfere with our family's finances. And we should work hard elsewhere to make more money so that we can make ends meet and also be able to use some money to gamble.So, when deposit a certain amount of money to bet at any time, they can think that winning every day is impossible and having money used for gambling will only bring losses, so that from such thoughts a sense of responsibility for actions can arise and start using gambling only as a means of a place to have fun.
Somehow people with a relatively low economy always have upside down thoughts about gambling.
It is because they think gambling is a fast way to make money but it is not. They should be aware that gambling is entertainment, not a place to make money. Having such an understanding, they will not gamble if they don't have enough money.
This was done because they saw that gambling could help some people get big wins. And these low income people also have a way of gambling where they hunt down lottery tickets and buy them almost every day for several years. Their belief in winning is growing daily; whenever they have money, they will buy a few lottery tickets and save them until the results come out. And they also used their savings to buy those lottery tickets. And even though they haven't been able to win after several months of buying lottery tickets, they continue because they still have the confidence to win.
I think that everyone knows how small the chances of winning the lottery are, they are so low that you can buy lottery tickets all your life and never hit the jackpot. But despite this, there are those who buy tickets every draw, of course, this is all done for the sake of money, and yet some lucky ones manage to win, so people continue to believe and buy tickets. I am skeptical about lotteries and do not believe that it is possible to win.
How unfortunate is that but that is how some people look into gambling and consider this as a tool to get into a higher position of life without realizing that if they keep that money it is huge already.
I agree that it is an unfortunate situation that people look into gambling this way, expecting to be rich through gambling and because of such mentality, they play life savings and no borrowed money on it. This situation is usually rampant with the low income earners who don't have better monthly salary but want to find another source of income. Gambling is not another source of income , you can't calculate the ROI with gambling for it to favour you. ROI will always favour casino owner.
People are really thinking that they can make a living on it, but it turns out they can't. Most low-income earners really try their luck at gambling because that is the only time they can earn big if they win and they can purchase the things they want, but right now that is where the addiction starts as they keep betting on a daily basis, but again, we can't blame them as they are hoping for a big win.
So, when deposit a certain amount of money to bet at any time, they can think that winning every day is impossible and having money used for gambling will only bring losses, so that from such thoughts a sense of responsibility for actions can arise and start using gambling only as a means of a place to have fun.
Somehow people with a relatively low economy always have upside down thoughts about gambling.
The mindset of a person will indeed be different, the rich and the poor certainly have a different mindset too. Those who work hard to build their business from scratch will certainly not be interested enough in gambling because they realize that it will only be a waste of their money if it is not done with full control. Gambling is nothing more than entertainment and if it is used as a game or a place to make money then they are wrong, it will not always make money but there will be a lot of expenses that will be made if you are addicted. Some people who are poor and also have a short mindset, will only do gambling without seeing how he makes money. they will only be miserable because there is no planning whatsoever.
Certainly, a person who has a lot of money won't think the same way as a person who has none of it, that is the reason why rich people see gambling as a way of entertainment and not as a way to earn money, they know they have a lot of money to spend on it and when they do it, they have a good time. On the other hand, a poor person who has no money won't gamble just for fun because they think of it as a way to possibly make a fortune some day.Though it doesn't happen with everyone, poor people still keep hoping for something magical to happen with one of their bets so that they can become rich overnight, it is just our mind that keeps telling us that it is possible, even if the possibility of that happening is less than 0.1%, it is still a lot for our minds.
I agree with you OP, the percentage of rich people gambling is lower than middle rich people gambling because people gamble because of money, which make the number of middle rich people like us higher than Rich people because Rich people have the money just that they need something that will be keeping them busy at the moment that is why some of the Rich people are doing it. There is amount of money I will achieve in gambling, I will put an end to it, because the money will help me to establish many companies that will be bringing income to me as a rich man daily, weekly and monthly.
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How unfortunate is that but that is how some people look into gambling and consider this as a tool to get into a higher position of life without realizing that if they keep that money it is huge already.
I agree that it is an unfortunate situation that people look into gambling this way, expecting to be rich through gambling and because of such mentality, they play life savings and no borrowed money on it. This situation is usually rampant with the low income earners who don't have better monthly salary but want to find another source of income. Gambling is not another source of income , you can't calculate the ROI with gambling for it to favour you. ROI will always favour casino owner.
People are really thinking that they can make a living on it, but it turns out they can't. Most low-income earners really try their luck at gambling because that is the only time they can earn big if they win and they can purchase the things they want, but right now that is where the addiction starts as they keep betting on a daily basis, but again, we can't blame them as they are hoping for a big win.
How unfortunate is that but that is how some people look into gambling and consider this as a tool to get into a higher position of life without realizing that if they keep that money it is huge already.
I agree that it is an unfortunate situation that people look into gambling this way, expecting to be rich through gambling and because of such mentality, they play life savings and no borrowed money on it. This situation is usually rampant with the low income earners who don't have better monthly salary but want to find another source of income. Gambling is not another source of income , you can't calculate the ROI with gambling for it to favour you. ROI will always favour casino owner.
People are really thinking that they can make a living on it, but it turns out they can't. Most low-income earners really try their luck at gambling because that is the only time they can earn big if they win and they can purchase the things they want, but right now that is where the addiction starts as they keep betting on a daily basis, but again, we can't blame them as they are hoping for a big win.
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.
The person you had the argument with is naive both about human behaviour and how the economy and businesses work. First the person need to understand that nobody gambles because they do not have enough. In fact it is to me the least reasons why people gamble. I have never seen a gambler who wins money from gambling and uses the money to start a business. They always return to gambling because they believe that more luck will shine on them. What the person should argue is that the rich are more prudent and financially literate than the poor. Reason why the rich own the casino and the poor goes them to give them their money.
Agree that someone who wins a decent amount of gambling won't even open a business, and usually they go back to gambling to double it again, if that's the reason it's definitely a fallacy.
Rich people think more about how they make money easily and don't make a loss, like the illustration you gave, the difference is that rich people make casinos while people who are below give their money, rich people have a more healthy and systematic mindset to earn money.
But personally, it's not that I don't have enough money or anything else as a reason for gambling, I'm just sometimes bored and gambling is a place where I get pleasure, and sometimes I want to try my luck. LOL
How unfortunate is that but that is how some people look into gambling and consider this as a tool to get into a higher position of life without realizing that if they keep that money it is huge already.
I agree that it is an unfortunate situation that people look into gambling this way, expecting to be rich through gambling and because of such mentality, they play life savings and no borrowed money on it. This situation is usually rampant with the low income earners who don't have better monthly salary but want to find another source of income. Gambling is not another source of income , you can't calculate the ROI with gambling for it to favour you. ROI will always favour casino owner.
By now there should be more and more people who are aware that gambling is not a place that can be used to make a profit unless there is luck.
Yes, some people use their life savings to gamble and in the end they actually lose the savings they have, even worse, they ask for a loan so they can continue playing or betting in the hope of returning the losses that have occurred.
Want to wonder but that's what happens and is done by most of the gamblers out there.
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.
The person you had the argument with is naive both about human behaviour and how the economy and businesses work. First the person need to understand that nobody gambles because they do not have enough. In fact it is to me the least reasons why people gamble. I have never seen a gambler who wins money from gambling and uses the money to start a business. They always return to gambling because they believe that more luck will shine on them. What the person should argue is that the rich are more prudent and financially literate than the poor. Reason why the rich own the casino and the poor goes them to give them their money.
Everyone wants their lives to be better than before. The same when happens with ease it'll be more enjoyable. This makes people to gamble as look for good profit. Not everyone are successful in it. Whether you've got sufficient money or not, it is human mind to look for more and more. We can't term it greed all the time, but this is how human minds were developed 
Myself have got the same thoughts on gambling. I usually prefer to have my wallet balance stable and make some earning beyond that. This is usually to meet some of my needs, but the same won't succeed everytime and we should have the mind to accept the reality of gambling.
Alot of work needs to be put to the tests inother to lifts the gambling burdens. Bills and needs continue to arise; we cannot avoid them; rather, we must address them. Gambling for a better future is completely out of the question. A better life, comfortable and more improved than the previous. We all have basic needs to meet, and all we can do is strive every day to do the things that will help us and make us comfortable. The fundamental reason we gamble is not for amusement, but rather to generate some additional cash to add to our pockets in order to pay off pertinent bills that come our way. Myself have got the same thoughts on gambling. I usually prefer to have my wallet balance stable and make some earning beyond that. This is usually to meet some of my needs, but the same won't succeed everytime and we should have the mind to accept the reality of gambling.
Everyone wants their lives to be better than before. The same when happens with ease it'll be more enjoyable. This makes people to gamble as look for good profit. Not everyone are successful in it. Whether you've got sufficient money or not, it is human mind to look for more and more. We can't term it greed all the time, but this is how human minds were developed
Myself have got the same thoughts on gambling. I usually prefer to have my wallet balance stable and make some earning beyond that. This is usually to meet some of my needs, but the same won't succeed everytime and we should have the mind to accept the reality of gambling.
Myself have got the same thoughts on gambling. I usually prefer to have my wallet balance stable and make some earning beyond that. This is usually to meet some of my needs, but the same won't succeed everytime and we should have the mind to accept the reality of gambling.
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?
There's no precise or accurate numbers on this one because there's no such thing about tallying on whose people that are rich or middle class or poor who had been playing and there's no way on knowing that but So my question is, is the percentage of the rich gambling lower than the middle and lower class?
somewhat we could be able to tell basing up on how they do bet up because rich people are the ones who would really be having those enormous wagering counts compared to those typical average gamblers who do really bet out a few bucks on their gambling activity. Speaking about the reason on why people gamble? It would be a personal thing but it would be coming on different variations on which it would really be just that
common that they would really be neither because of gambling addiction or would be solely just because they do make gambling as a source of income.
Each person does have their different set of interest in life and financial capacity and this is why reasoning would really be entirely be different to each other and this is why we cant really make out
some conclusive approach in between numbers.
Everyone gambles, both rich or poor.. That's what you need to know..
Secondly, yes - I must say the percentage of the average poor people is much more than that of the rich ... Yeah, for the actual fact that poor people are really keen of enriching themselves thus, Thier motives are different.
There's no how that would be graded on a perfect scale of equality.... But sometimes too, the rich makes speculations with huge potential wins,..and ofcourse that infers huge stakes too.. so why would anyone stake that high without an EXPECTATIONS at the end??
P/S: you don't stake high because you're rich, but because you actually have the guts and convictions of winning big..
Sandra 🧑🦰
Secondly, yes - I must say the percentage of the average poor people is much more than that of the rich ... Yeah, for the actual fact that poor people are really keen of enriching themselves thus, Thier motives are different.
There's no how that would be graded on a perfect scale of equality.... But sometimes too, the rich makes speculations with huge potential wins,..and ofcourse that infers huge stakes too.. so why would anyone stake that high without an EXPECTATIONS at the end??
P/S: you don't stake high because you're rich, but because you actually have the guts and convictions of winning big..
Sandra 🧑🦰
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