Topic: Do you gamble because you don't have sufficient money? - page 48. (Read 7087 times)

I dont think 100% of those who gamble are doing it for financial intention because gambling also unvol e some game plays which give some form of excitement and motivations that help the individual free up some space in the brain, quite alright majority of those that bet on sports bets are all un for the winning and the money, but those in the housee games are all un for the excitement of the games.

So we must have to differentiate gambling for money from gambling for fun, because in as much as we understand the risk involved in gambling, we also understand the excitement and fun also, we have the world's richest people still gambling and this is an aspect that we all have reckoned with at every point in time, because is either we gamble for fun or for the money but whichever way all gamblers are equal and there is no class segregation among both the rich and poor gamble.

I understand you, but it is unlikely that our subjective impressions/experience are representative to draw global conclusions. I assume that in some countries the passion for gambling can greatly depend on the financial situation of the player (I described the mechanism of how this stratification can occur), but the final verdict can only be made by sociologists or those who have accurate data (if it can exist here at all).

Absolutely agree with you. Gambling was invented as entertainment, so it makes no sense to divide gamblers into rich and poor. The one who came to play in the casino clearly has in his pocket the amount he is willing to lose, because he will put it on the line. Yes, and in fact, it is not so important how big bets make a gambler because the pleasure he gets every win. As you correctly noted in the casino do not come to solve their financial problems, there come for emotions that are lacking in the hustle and bustle of today's life.

I agree with what you say about a person's character, but I don't believe that someone who is wealthy will desire to gamble, gamble is seen as a means of getting money that is for some people and there are categories of people who actually play for fun, and I noticed something about rich people they gamble for fun with there friends and click to discuss business and is mostly casino games, different people different perception.

You've repeat multiple words about gambling is for rich, since you're in this forum and participating in gambling discussion, it's mean you're a rich person.

However you're wrong if poor or middle class aren't gambler for fun, not all people in this world want to get rich. As long as the poor or middle class can afford to lose and not ruin their life or their family, it can be said as fine.

Well, rich people aren't gamble to make them get more richer, rich people already know gambling will not make money.

All people do gamble; there are no exceptions, but what I've really noticed as I've grown in a poor area is that most of the poor people, including us, are really doing gambling to try our luck, and mostly this is the lottery. I've mostly noticed poor people are buying more tickets to it than those rich people, but again, because there are more poor people than rich people in the area, we can't really compare both. Still, rich people do gamble also to try their luck, and even though they spend more in casinos just to have fun, unlike the poor, they are taking the risk to win.

If a poll is taken we'll see that more people gamble because they want to make more money, gambling takes money more than It does gives money when we look at the overall statistics because more people are losing money on a regular than those gamblers who're winning.

On the forum we also have more people gambling because they want to have money to live the richest lifestyles they're dreaming about. I haven't seen any middle class or lower class person that is gamble because he or she want to have fun or just for entertainment purposes.

But we have many rich people that still gamble because they want to make more riches and increase their wealth to the next level which means gambling to make money or not having sufficient money is more common than gambling because you want to have some fun.

Different people have diverse reasons why they gamble, some gamble for fun/entertainment, Some started gambling due to peer pressure from college, Some people see gambling as a means of earning a living which is not considered good, and however gamblimg shouldn't be considered for the poor if not most punters would have stopped it  and most times you'll hear rich people saying they gamble to while away time during their leisures or release themselves of emotional pains like stress or depression, gambling ain't bad but it the motive towards it that should be considered, if gambling is a rich man's referred options for easing stress then it should be considered okay because he has alot of money to make him happy, and there are chances that he'll make more while do it, compared to a poor man that would want to risk the little he has to risk taking.
 Well the number of rich people that gambles would always be lesser than the poor because it obvious that our society is filled with more poor or average than rich, asides that majority of the poor vies gambling as an alternative to getting rich quick and would always fall back to try their luck when they run out of options, and I think your friend was right when he said most people are addict to gambling for the love of it and not mostly because of money, whereas a poor man's reason for gambling addiction would always fall back to making money.

I do not have any statistics at hand right now but only a personal account of events here in my country.
Back in 2016 and 2017, we saw the worst part of an economical crisis which put onto knees most of the households here, people were struggling to pay for food and health... So spontaneously people, started to gamble in animal roulettes. More and more of those small local places for gambling started to appear and the poor started to gamble regularly, in hopes to cover their necessities. Back then the middle class was also very beaten down, so they also engaged in those games.

I recall one could see those roulettes in each corner of the towns and small communities.  So, while I cannot tell whether rich or poor people gamble more, I can say that economical crisis can lead towards gambling and increase the percentage of gamblers in an entire country.

Yes, as we see today, most rich people only gamble for fun and not to make money because they probably already have enough money, let alone the spare money they have, so I don't think it would be possible for them to gamble to multiply their money, after all, gambling is just for money is the wrong goal, so most rich people prefer to play gambling for fun.

I think everyone probably understands that most middle and lower class people only have the goal of making money at gambling because they believe that gambling is a fast way to get rich, even though gambling is also a way to make people poor or bankrupt in a short time. that's why it all has to depend on the nature of a person and their respective mindsets.

I believe it is determined by one's nature, but whether rich or poor, the majority of gamblers have the same goal in mind, to gain money through gambling. What your friend says is true for me; I would not bet if I were wealthy, but other wealthy individuals do so because it is their habit, not for financial reasons. As I already stated, it is dependent on one's personality, imho.

My answer to OP questio is completely opposite - I gamble only because I have too much money, or have spare money. Trying to fix financial problem by gambling is the stupidest tactics. First of all a person is already short of money and deposit them instead of spending more wisely. Gambling is never a solution for easy or quick money. Even if a person wins, he will continue gambling and fix insufficient money issue.

We take risks with the goal to survive in the gambling mechanism, which is obviously not for everyone. The rich consistently record losses, as opposed to the regular gambler who engages in the system with prudence, not willing to make losses, and ensuring their profits far exceed their percentage of losses. Influential people have little time to spend; they are always calculating their money for the purpose to gain enormous earnings at the end. Drake, in your depiction, is a catastrophic bidder in gambling, willing to take huge risks by wagering on games.

There are some people who consider gambling as a hobby including poor people. I think it could be like your friend said but it's not so many. So when we compare it with the percentage it could be fifty-fifty, it depends where they live. if a country legalizes gambling, it could be more, because the middle and lower class will try to match their need with the high class. So far developed countries almost legalize gambling, so the middle and lower class will be much higher than the high class to play gambling when I compare in what the middle and lower class need.

We don't know about the percentage, but even rich people probably gamble, too.
There are many reasons why people gamble, it is not only about expecting to earn money. Some people gamble for fun (entertainment purpose), some gamble to spend their spare time, and others probably gamble to win the jackpot. Middle and low class people may gamble for money, they want to try their luck to earn money. While rich people are likely to gamble for entertainment or spending spare time. So, based on these possible reasons, any level of people can have a chance to gamble. Gambling isn't for middle and low class people only, it is also for rich people as well.

This is the reality. Poor people doesn't have the mind to think of gambling and all. Theu will be running behind the available jobs to make their day's food available on the table. Right now the scenario is even worse that the food shortage and the food inflation is at its peak. Probably the middle class can be seen much into gambling, because they've got their basic needs fulfilled and they're in the urge to reach the next level of life in terms of comfort and sophistication.

I have seen people that has difficulty putting food on their table gamble.  they don't gamble in a casino but they do gamble among themselves in hopes that they will win and have enough money to buy food for their family.  If they lose then they just borrow from the store and pay it when they got their salary or when they earn from their work.  So what OP stated is correct.  People gambling because they intend to win money to have enough fund for their monthly budget.  Sounds absurd but it do happen.

Very limited and there will be a special allocation for gambling, so they will not exceed the allocation limit. I've said before that gambling is only part of entertainment, but for those in the lower classes sometimes look to gambling as a place to make a lot of money, even though they spend their money on gambling. When gambling is always used as a big hope, then they will not be able to escape and will become addicts even though their economic situation is bad.

I'm not sure on what percentage of rich, poor and the middle class is spending on gambling. From my personal experiences I used to spend whenever there is some need of money. Later I used to feel bad for what I've did. I used to wager and try to multiply the wallet balance, so that I can have the capital in the wallet and use the winning. In reality this is completely wrong and end up losing everything. This mindset can be seen mostly with the people in need and not with the rich ones who's choice of gambling is for fun and excitement.

I mean that's the basic gist of it anyway. The poor gamble because they feel like they need to, the rich gamble because they can. Plus as I said in a previous comment I made that certain gambling forms like sweepstakes and lotteries are literal money traps that are made to lure poor unwitting people into playing, they paint the picture of a better life if you win the game and claim the jackpot, but we all know that's far from happening considering the whole system's rigged against the player. Still, since these poor people, most of the time uneducated and desperate to get their big break in life, fall victim to these traps where they constantly spend money, some of them even dedicating a portion of their salary to pay for tickets and shit. Can we do something about it? No, not really.