Do you gamble because you don't have sufficient money? - page 48.

Weawant

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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.

cabron

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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.

famososMuertos

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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.

Solosanz

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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.

Betwrong

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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?

The percentage of the rich people gambling is lower, no doubt about that, but maybe that's because there are fewer rich people than poor people? Another explanation would be that rich people are more educated, and the level of their education allows them to know that making money through gambling is a stupid idea.

But no way I would agree with the notion that "rich people don't need to gamble because they have enough money".

tusandii

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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.

maydna

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Quote from: TimeTeller on July 21, 2023, 05:36:01 PM

Quote from: maydna on July 21, 2023, 05:27:57 PM

~snip~

That's the sad reality of life. If you go to slum areas, for sure, a lot of them are into gambling.
Though we don't know the statistics on this, yet, I believe, there are so many poor people who are into gambling.
Lottery alone for example, a lot are betting on this hoping that they will hit the jackpot, and most bettors just have enough money for food.
In my case, I only gamble if I have extra, I stop if I know I am going beyond my allotted amount.

That's what happened to my friend, and we were lucky that he was still invited to come back and get advice from his friends so he could stop playing gambling with cards. I can't imagine what would have happened to him if he couldn't give up playing traditional cards. Perhaps, now he has become a heavy gambling addict.

It also happens in other places where people who don't have much money risk their money to buy lottery tickets which can be bought cheaply. They have been doing this for a long time, hoping to win money to add to their bankroll. They don't think about looking for a job that can provide more money, but they decide to play gambling.

bayu7adi

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

I do not gamble because I need money. I only gamble on sports bet and the reason I do that is to enable be get entertainment while watching the match. For instance if Manchester City is playing with Liverpool, I know that it will be a tough match and to increase the tension and entertainment, I will bet on the outcome of the match. With that, I'll not miss any scene in the match.

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

In my view, you embody the quintessential individual who finds delight in the realm of gambling. Your primary objective is not to seek profit through gambling, and I share this sentiment as well, for I do not actively pursue gains in games of chance. However, should I happen to emerge victorious in such a venture, it brings me joy to acquire some extra funds. On the contrary, if fortune does not favor me and I incur a loss, I do not dwell on it excessively, as I have mentally prepared myself for the possibility of parting with that money.

For the affluent, gambling often assumes the guise of a multifaceted enterprise, intertwined with other businesses, such as the realm of entertainment. Many perceive it as a form of amusement, observing individuals engage in high-stakes wagers and reveling in their grand triumphs. I often find pleasure in witnessing poker games, where participants may bet anywhere from $100 to $50,000, making it a captivating spectacle for the public to behold.

There might exist other enterprises within the gambling world, involving monumental sums that leave one astounded.

Gozie51

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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.

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

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.

It is good to gamble responsibly. And if a gambler is gambling responsibly, he needs to have gambling budget and it should be very small in percentage to the 100 percentage of what he is earning every week. But in reality, some people see gambling as a way to make money and they become addicted and they later sufferred losses. I have read on an article before that 20% of gamblers are likely to be addicts. Which is truly that not still most people in the population.

Among the American rich people, I have read a PDF before that compared between how rich people are gambling and how much they spend on vacation. It was estimated that rich people spend much on gambling, but which is still less than the amount they spend on vacation.

yahoo62278

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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?

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.

uchegod-21

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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 do not gamble because I need money. I only gamble on sports bet and the reason I do that is to enable be get entertainment while watching the match. For instance if Manchester City is playing with Liverpool, I know that it will be a tough match and to increase the tension and entertainment, I will bet on the outcome of the match. With that, I'll not miss any scene in the match.

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

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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.

Your friend is saying out of his own idea, if someone can fund his betting account from his bank I don't think he don't have money for financial needs but if a gambler can go to a betting shop to stake game with his hand hold cash I really think he's trying to add more to it besides that's from his own thoughts.
Nowadays almost everybody thinks that money in the bank is way more bigger than money at hand, someone can easily fund more than what he's/she budgets because he isn't seen the money, if the money is in the hand of a gambler it can be more safer to gamble with because it's been buget.

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Quote from: swogerino on July 22, 2023, 03:56:08 AM

Yes it is and I can also be sure of this as I don't see any of my boss close relatives who have a lot of money to never gamble,well except his nephew who despite having loads of money was totally addicted to gambling that he lost everything there,the car,the house and every single penny,he lived at rent before he died as he was relatively old for gambling that much and the stress levels created by such life he conducted brought him to destruction.Except him all other persons close to the boss who happen to be his relatives too they don't have the need to gamble as they have far more enough money than they need,so yes it is true in gambling the percentage of people who are rich is much lower than other classes.

Even if someone first tries to use gambling to earn extra money, or to make it their main source, they will quickly realize that gambling will not be able to give them what they are looking for. But so will those who can become addicted to it, at first out of a desire to recoup, and then perhaps just in pursuit of adrenaline. The rich probably don't play for the money...

Plaguedeath

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Although based on the news spreading around that make we think most of gamblers are the poor and middle class, but I think the number of gambler is mostly dominated with the rich class. This is because the rich have set how much they want to gamble, let's say 2% of their monthly income, such amount isn't really high and when they lose, they're fine. While the poor and middle class tend to gamble with all of their money, when they lose, they will cry and the medias will create stories about their gambling experience.

livingfree

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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?

IMHO, it's the other way around.

There's majority of these gamblers that are rich but many of them as well have turned into a lower class after they've lost their control in gambling. That's when they've became addicted and a compulsive gambler.

Well, this is a good topic to discuss with and if somebody is experiencing a bad day in gambling and he's damn rich. You'll never know what he can do with his money ready to be gambled on his pocket.

swogerino

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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?

Yes it is and I can also be sure of this as I don't see any of my boss close relatives who have a lot of money to never gamble,well except his nephew who despite having loads of money was totally addicted to gambling that he lost everything there,the car,the house and every single penny,he lived at rent before he died as he was relatively old for gambling that much and the stress levels created by such life he conducted brought him to destruction.Except him all other persons close to the boss who happen to be his relatives too they don't have the need to gamble as they have far more enough money than they need,so yes it is true in gambling the percentage of people who are rich is much lower than other classes.

Topic: Do you gamble because you don't have sufficient money? - page 48. (Read 6138 times)