Topic: Do you gamble because you don't have sufficient money? - page 47. (Read 7087 times)

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.

If I may assume, I do not agree to generalize that poor people feel the need to gamble, I think all factors are affected by the environment. not all poor people like to gamble, only some of them hope to win a victory from their gambling session. in a sense, getting rich in one night. and the only type of gambling that makes someone a millionaire, is lottery gambling. Lots of gamblers hope to get the jackpot from the lottery. even if it has to be percentaged, the probability of winning is very slim. only lucky people once in a lifetime win the jackpot from lottery gambling. but make no mistake, if there are some rich people who also like this type of lottery gambling.

btw, I'm intrigued by one point you said, "the whole system is rigged" I don't know how you knew that was the case. for an illegal casino, it is highly likely that cheating could occur. but for reputable casinos, which have a credible reputation. less likely, if they commit fraud. logically, they don't want the reputation that they have pioneered to be destroyed immediately because the casino is suspected of cheating.

For the rich, yes it is true they gamble because they can afford it. yet it makes no difference to the casual gambler and even the poor gambler, that they are potentially addicted. the difference is, they have a source of funds even though some of them have gone bankrupt because of their gambling. it could also be, they are just gambling for fun, after going through a series of busyness in their business.
anyway, for the most part we agree with what you said even though not completely.

There are so many things to do to be entertained actually if that is just what they want. Some people take a dive from 10,000 feet above only to feel the adrenaline. I would believe they want entertainment if they gamble on sports but on card games, it's certainly for money. It's always the money the reason why a person would gamble. Once addicted, he doesn't need much reason already.

And whether they don't have enough or they have enough money to live a life, they bet on sports because they love the sport.

We all share the common title of being a gambler together but everyone has his own reasons for gambling, some made it for fun while some take it as an avenue to seize the opportunity for making money with gambling, some can be right though when the economy is not going well with their financial lives and they take gambling for a second chance opportunity to make money even though they are very aware that gambling does not guarantee making money from it each time we bet, but we are taking the risk to seek for an opportunity in doing so for some earnings.

It is true that different individuals have their own purpose on Why they gamble,but I can say most persons who gamble are related to not having enough money at hand to be able to do what they intend doing,it might actually prompt them to want to gamble so as to make the money easily but they forget to know that gambling is not money guaranteed,it's base on luck,if you are lucky enough,then you win,but if that day is going to be a bad day for you,then you will still loose.As you said,the rich have their own way of gambling,while the poor have their way of gambling as well,but what is important is the both of them are pursuing a common goal which is to make money.
For me,I gamble simply because I want to double the little income I have,and that is the reason why I have been loosing money,because I am not contented with the little money I have.We can call it greed,the moment you want to double your amount despite the fact that you are ok at that time,there is every tendency that you'll end up regretting why you have to play that round of game.

I highly agree, not all poor people are into gambling even though many of these poor people buy tickets of lottery to change their fate while some who are hooked to gambling , gamble everyday, many are still trying their best to avoid gambling because in their minds, the possibility of losing their money is larger than winning.  So we really cannot generalized that all poor people are into gambling in order to make their money sufficient.  Same goes with other status, medium and rich people also have their own preference, other gamble while other don't.


True that since gambling the extra money is stress free.  We also can do anything we want with the fund because it is a free money after all.  Win or lose, it won't affect our budget.

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.

Well, not every body buying lottery tickets are so broke to the extent of not having extra fund to take care of their health and some other important basics of life, as much as i know, many of those we tend to consider as being poor people might even be more disciplined in terms of gambling than the rich ones, not every poor man who gamblers is majorly after the win or money, many have good businesses they are managing and only trying out their luck on gambling, not like its a do or die affair for them in any way.

It's a terrible idea to gamble if you do not consider the money expendable or simply "fun" money from your wider financial budget. If you cannot afford to spend the amount you want on gambling, then you put yourself in an extremely desperate situation and out of greed you are more likely to engage in risky behavior that will end up ruining your finances even more. You'll also be more susceptible to putting in "good money after bad", aka chasing losses with some very incorrect notion that the casino / bookmaker somehow owes you a win. They do not and all game plays are calculated independently each time you hit the betting button. The richer you get, the more likely you are to put your money to better use and not gamble.

Yes, its correct that everyone craves to upgrade their financial status. But generalizing all poor folks as hopeless gamblers is far-fetched. My skepticism springs from the flawed premise that poverty drives a person to gambling or schemes like lotteries, and rich folks are immune to such attractions.

Look around! There are millions busting their humps off working hard, building businesses, upskilling themselves. These people aren't trying to cash in their dreams for a lottery ticket. Its not about the poverty or richness of one's pocket; its about the poverty or richness of one's mindset. Some rich people are just as eager to turn a quick buck and get caught in the same gambling web

It is easier to gamble when you have extra cash. That way you are not rushing, you're not forcing, and you are not pressured to make money. you just simply enjoy the games available in the casino. That's also why rich are consistently winning most often. Because they play either in a way for their business or for their entertainment. They allowed money for it with sufficient or greater amounts to also diversify their money. However not many rich people would take the risk to put their money on casino unline to middle lower class who will deposit even their last dollar.

Naturally those who are poor people they always want to change their fate. Therefore, if there is a shortcut way to get rich, they choose it. In gambling I have seen that poor people have a great interest in earning money without effort. As such they are interested in gambling and lotteries which are also present among the rich but comparatively less. Poor people lose repeatedly in gambling and try to find ways to change their fortunes. These people constantly lose their money in hopes of getting more money. But it cannot be said that rich people are not interested in gambling but their statistics will be less than poor people.

That is the reality about gambling and as we can see, the majority who do lotteries are poor people making their fortune relying on luck to become rich instantly. And such kind of mindset drives them to spend more on buying lottery tickets rather than spending for their health. 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.

Gambling is just a place to get entertainment, and if anyone treats gambling as a place to make money, they will regret it and lose their money. They should look elsewhere that has nothing to do with gambling so they can earn. And if he really wanted to gamble, he should have prepared some money for gambling and not used more money that could strain his finances. In addition, he must understand that gambling cannot always give you wins but can often give you defeats.

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.

Gambling statistics among the rich and the poor are always changing.
Between rich people and people who don't have enough money, they still do gambling because gambling games depend on the desire to play.

There are rich people who don't get involved in gambling because they basically never get involved with gambling. For rich people who have been involved in gambling, maybe those with a lot of financial status will find it easier to gamble.
Logically, people who don't have much money don't gamble too much so that in terms of percentage, it's not rich people who have a low percentage in gambling but people who don't have enough money or people with lower middle income.

In my neighborhood, the rich have a lower percentage of gamblers. The average gambler in my environment is a person with a lower middle income.

Well, if I am to answer this question based on what i have seen concerning this discussion in my present locality and every where else I've lived, my answer will be in the affirmative side, but then, if we are to get logical about the whole thing, it will be worthy of note that the number of rich people in any society is also way lesser than the middle and lower class, so it is very much expected that the number of rich people that are gambling will be much lower than the middle and lower class that are doing the same.
It would have been easier to agree or disagree that its only those who don't have sufficient money that gambles, if we lived in a world where the number of rich people, is equal to the number of the middle and lower class people in the society.

It should be a golden rule to not gamble when you don't have a spare. If you don't have enough money to begin with, then gamble shouldn't be your priority. Gambling despite having no enough fund to cover your basic expenses is just pure selfishness and stupidity combined. It's just irresponsible. We should only spend what we can afford to lose. And having no sufficient money on hand or income at all speaks so much trouble.

If ever you lose for risking the money you have thinking it could profit, it will cost you your peace of mind and it could mean that you have to sacrifice other important things just because of that bet or play. Gambling isn't a get-rich-quick scheme. It involves critical thinking, skills, and luck altogether. It shouldn't be done impulsively.

I don't think think these are related at all. Noone I know gambles only because they need money. Gambling is not like working where you always get paid in return. Its completely different. Gamblers have different instincts in my opinion that drive them towards gambling. Gambling is not source of steady income which I agree. Also there is one issue too. Rich people gamble even more than poor people? That's not only because they can afford but also they can have so much fun with it.

I didn't explain about what the purpose of most people in gambling. I only explained that people gambled not only to earn money but people also gamble for fun or to spend their spare time. Some people understand that gambling isn't the right way to expect money, the chance to win the prizes is small. But they still gamble because they are happy playing gambling games. If you are discussing on gambling topics a long time, you must know this very well.

Anyway, we don't need to learn the statistics, it is clear enough that people more often got losses than won the gambling. Every gambler knows that most gambling games relies on the luck, the chance to win it is below 50%.

How do you know it?
Read again my post previously, I said the rich people who probably gamble for fun.
I've explained that middle class or lower class people probably gamble to expect earning money.