Topic: Do you gamble because you don't have sufficient money? - page 49. (Read 6518 times)

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.

To be honest, i don't have any percentage data related to what you said. in fact, it is very likely that what I say is true. why, because we cannot give an assessment that is not an area that we know about. however, based on my perspective and to the best of my knowledge. that most rich people just play for fun, even though in reality they lose big at the stake. they don't need to worry, because the money they have meets all their basic needs.

the difference is with middle and lower class gamblers, not infrequently they bet involving money that is supposed to be for their needs. in fact, some others are willing to reduce their basic needs. assuming, hoping to win big wins from the bets they make. In general, gamblers of this type are gamblers who like this type of lottery bet. it could be, what you say about percentages, is most likely close to the truth. However, that doesn't mean it's completely true. because in most cases, addiction knows neither the rich nor the poor.

I believe the person you're arguing with doesn't understand gambling, or maybe he gambles in an area where many poor or professional gamblers gamble, and he notices that most of them are doing it for financial gain. As a result, he assumes that someone who gambles because they lack the resources to meet their needs is also doing it for financial gain. If not, how will he claim that most gamblers are doing it for financial gain?

However, many wealthy people gamble. These people don't gamble to gain money; instead, they gamble because they like it and find it to be a source of joy. This is surprising given how much money gambling may actually generate that someone would need to rely on. If the man believes that, I doubt that such a person will ever meet up because, if you gamble, you must lose a lot of money before you even earn tiny change; how then will people who, in his opinion, do it for money be able to meet up?

^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.

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.

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.

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.

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.