Do you gamble because you don't have sufficient money? - page 51.

retreat

sr. member

Activity: 1106

Merit: 391

Quote from: Gozie51 on July 21, 2023, 09:47:05 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?

Your friend is quite wrong for that. In fact, most people in casinos are rich people, but it's different from people from the lower or middle class, these rich people usually play gambling as entertainment or socialize with other players to increase their network. Especially in Asia, most of the rich people here play in casinos like in Macau, Singapore, Hong Kong, etc., because it's like part of the culture especially for Chinese people, you are not called a rich person if you don't gamble.
However, the percentage of rich people who gamble is much smaller than the middle and lower class, because there are fewer of them, so their percentage is lower.

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: Gozie51 on July 21, 2023, 09:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Hard question to answer because it needs a specific study or research to know the closest actual percentage. But if I have to answer based on what I see in actual life around where I live, yes majority gamblers are from lower-middle economy class. There are some who rich enough but as far as I can see the frequency of when they gamble is less than those who are from lower-middle class. Coming up to the reason why those people, I cant say anything because it is something personal and people may have their own reason why they do gamble but we cant deny the fact that most people gamble for the sake of money.

Gozie51

hero member

Activity: 2660

Merit: 630

DGbet.fun - Crypto Sportsbook

Quote from: bittraffic on July 21, 2023, 01:53:29 PM

People who work hard to earn some money don't risk the hard earned money and if they do, it will be very limited. Their money is already intended to their family. However people are always tell themselves to make money work for them, funny its misunderstood that way which the lower class gambles like there is no tomorrow.

Those are simply the group of people who don't gamble at all. They are those who don't see any benefit in gambling. They are probably the group of people like the person arguing to the topic regarding to people who don't have enough money and feels they can make more money to support themselves through gambling. Therefore, some people work hard but they also believe they need to gamble and add up to what they get from their normal jobs through working hard and others believe they only need to stake with what they get from working hard because they may lose it all.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: Gozie51 on July 21, 2023, 09:47:05 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?

what I know about gambling is that there are only 2 possibilities, namely people gambling for fun and people gambling for money. these two types of gamblers don't see whether he is rich or not but rich people also need money, of course it's just that sometimes rich people are too busy with their business, different from lower-class people who always have a lot of time to gamble.
well, I will say again that all the gamblers that I know, they gamble for fun and that there are not only rich people but also poor people. and rich people who gamble to get more money also certainly exist.
being rich or not doesn't guarantee whether someone in gambling is just looking for entertainment or looking for profit.

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

Quote from: coin-investor on July 21, 2023, 10:02:26 AM

Based on the article I found online people in the poor neighborhood have gambling problems but this is an old study I don't know the recent and I think the study is still relevant today because there are many poor people compared to rich people, here in our location a game whenever there is a fiesta and there is a betting game there a big numbers of poor and middle class people although rich people play in casinos they are outnumber when it comes to lottery games where people bet to change their life for the better, with so many people in the world they turn to gambling like lottery because its a cheap ticket out of poverty if you hit the jackpot.

People in poor neighborhoods are twice as likely to have gambling problems, study finds

This study only includes American citizens so it would not necessarily be representative of the situation in other countries. In the United States most forms of online gambling are illegal. There are also not that many physical casinos because it is only allowed in a couple of states and on Tribal territory. With almost no options people will turn to unregulated gambling which would have a greater appeal to lower class people.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Gozie51 on July 21, 2023, 09:47:05 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?

Of course, because there are more people with low incomes than rich people, so that a greater percentage of low-income people gamble and that's not the only one of the factors why fewer rich people gamble because they are already busy with all their business matters compared to low-income people so that the opportunity to gamble is greater, especially if these poor people think that one of the ways to earn money is by gambling, even though we know that is not the right way because gambling is not an activity that provides certainty of profit, very different from working where we will definitely get paid.
To be honest, this mindset is quite strange because if he doesn't have enough money to make ends meet and tries to make ends meet by gambling, it will actually endanger his life more, and I can say that a person like that is quite stupid, even when we have savings it is highly recommended to keep gambling with money that we can afford to lose and it is impossible for us to be able to lose the money if we use the money for basic needs that are not even enough, so this person has a pretty stupid mindset and should be advised.

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

Quote from: Gozie51 on July 21, 2023, 09:47:05 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?

There are more betting shops in poor neighbourhoods than in rich neighbourhoods, and more lotteries are bought in poor ones too. So this person is partly right in what he says. But it is not only the lack of money that makes people gamble, and there are rich people who gamble, even if they are proportionally smaller. The entertainment, the rush they experience when gambling, the possibility of hitting a big win according to their bankroll (they gamble harder and can win proportionally more), are reasons for them to gamble.

Josefjix

sr. member

Activity: 1288

Merit: 305

yes

Quote from: seleme on July 21, 2023, 04:26:53 PM

I doubt it is more about the profit in gambling, some people I know just gamble to spend their spare time but other gamblers usually play to make money. It depends on the person's perspective but the same end is expected for both category people. My opinion is the rich gamblers are less than other types of gamblers.

Gambling will earn you profits and also losses, the targets is make sure the profits exceeds heavily more than the losses recorded. Some gamble to make a living, while others bet for pleasure and hope for some extra cash in their pockets. Gambling is inadmissible and depending on it for survival is not an appealing prospect. We all have different motives for gambling and what we become of those who participate in the gambling system. I have a high paying occupation; engaging in gambling does not imply or send a direct message that I rely on the system to make a living; I gamble in my leisure time and with free money, never using allocated cash.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: Gozie51 on July 21, 2023, 09:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

This should never be the question. Reach people who gamble doesn't really matter since they have got a lot of money to burn in gambling, so the number of rich people who gambles would never be an issue. The real question is, why would a poor person is trying to burn lose even more money that he's needing supposed to be for necessities?
Another question is, how would these people cope up when they lose? do they steal money? do they sell drugs? do they rob something?
See, this is where gambling-related crime is going to happen. That kind of mindset is pretty alarming because these people are desperately looking for extra income in a wrong place.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: Gozie51 on July 21, 2023, 09:47:05 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?

Uhm, you technically agreed to this "someone" by asking the percentage instead of asking why people gamble. Besides, it doesn't even matter how much people gamble in each class, it stays as a fact that someone gambles no matter what living class they are in, and that speaks volumes as to why gambling exists. Now I wouldn't deny that there are people that exist who gamble because they want to hit it big in a single moment, but it's a matter of fact that some people do it for fun, regardless if they were rich or not. I myself do it for fun, heck it's mostly a side thing now since I do sports bet, I just do it since it's, well, there (and since I have a background in gambling in casinos after all).

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

Quote from: Gozie51 on July 21, 2023, 09:47:05 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.

That's sounds like reasoning of someone who thinks gambling is only for making money and not for fun. Of course he thinks that you don't need to gamble if you already has the money because he thinks it isn't fun. And i wouldn't push him on that. You don't have to enjoy gambling, he is probably better off not to. But he also sounds like that he doesn't easily understanding others points of view as he is inserting his own needs thoughts into them.

Quote from: Gozie51 on July 21, 2023, 09:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Sure, but that's because there's lower percentage of the rich people in general than middle and lower class. And gamblers come from all classes.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Gozie51 on July 21, 2023, 09:47:05 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?

How can we know it? Do we have an accurate source regarding that?

Maybe that is something we don't really need to know or discuss. People have different reasons why they gamble regardless if they are rich or not. We will just give a headache to ourselves if we will think about that since again, we don't have anything like an accurate source to know the exact details about it.

The reality though is, many are really gambling regardless of people's financial status and capability.

Mr.suevie

sr. member

Activity: 546

Merit: 342

Quote from: seleme on July 21, 2023, 04:26:53 PM

I doubt it is more about the profit in gambling, some people I know just gamble to spend their spare time but other gamblers usually play to make money. It depends on the person's perspective but the same end is expected for both category people. My opinion is the rich gamblers are less than other types of gamblers.

Well I don't know how true this fact of yours is but I kinda feel rich people have their fair share of numbers when it comes to gambling and even gambling addiction but its just that their own case is different because they are already made and their addiction doesn't affect anyone but for the case of the poor gambler for every penny they lose its as if they going crazy because of the shortage of funds.

GiftedMAN

hero member

Activity: 1022

Merit: 625

Watch&Pray.

Quote from: Gozie51 on July 21, 2023, 11:20:21 AM

Quote from: salad daging on July 21, 2023, 10:23:32 AM

The rich man does not rely in gambling there are still other sources that become his income, he knows how to earn money healthily without gambling games, but that's most of the rich people prefer on their business/investment to generate not from gambling.

I think that is the point he tried to make that because the rich have a stable and steady financial inflow, they may not be found gambling like the lower class. Believe it that most people who gamble do that for the additional money expected as winning reward. I think there could be some sense in that anyway but I also know that some rich do gamble especially in football betting and when they are drinking, they could lock horn in P2P gambling with friends maybe that could be for fun and superiority to show who follows football more.

I think I have a different view concerning what you said here in respect to how the rich people see gambling, regardless of the number of poor people involved in gambling, I think the essence of gambling be you rich man, middle class or poor man is to add an additional money to what you have so bringing up an idea that some people gamble for fun isn't ok in my opinion because there are so many things which can be seen as fun for something that involves money, time and emotional support like gambling shouldn't be seen as fun because it is far way dangerous to see it as fun. Rich people gamble bigger amount so they can win bigger if the winning come but the poor is always ready to gamble every day because he believes that one day he will win but the rich makes good calculations before gambling so we can't compare them.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: seleme on July 21, 2023, 04:26:53 PM

I doubt it is more about the profit in gambling, some people I know just gamble to spend their spare time but other gamblers usually play to make money. It depends on the person's perspective but the same end is expected for both category people. My opinion is the rich gamblers are less than other types of gamblers.

There are gamblers who are into pleasure than making money and the reason why rich is lower is simply because the rate of rich people are lower too and most of the population are came from the middle and lower class. Every gambler have their own reason to gamble, personally i don’t gamble to make money because I know that making profit in gambling is not that easy, so better not to take it seriously.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: maydna on July 21, 2023, 04:27:57 PM

People who are penniless use gambling to make money. That once happened to one of my friends. At that time, we were hanging out at a friend's house. While chatting, a friend suddenly said he wanted to make money first. We wondered because, as far as we knew, he had no job at all and where he wanted to find the money. He then said I want to make money from gambling.

And without us knowing, he often gambled, more precisely, playing traditional cards with his friends. And he was lucky to be able to bring home some money and buy food and daily necessities. We advised him that gambling would not guarantee a win and that he should stop. One of our friends even went to find a job for him only to ask him to quit. And fortunately, he realized that what he was doing was wrong, and he decided to stop immediately and leave gambling forever until now.

So perhaps, the percentage of people from the lower class can gamble more often because they really need money to survive rather than looking for other jobs.

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.

JoyMarsha

sr. member

Activity: 924

Merit: 365

The rich and the poor participate in gambling. But there is one distinction between the two: Rich gamblers take it less seriously than the poor, who rely entirely on it to provide for their daily needs.

The rich view gambling as a kind of entertainment and a way to relax, to try luck on. They would just choose 2 or 3 games to wager big sums of money on, and that would be all. While the poor tend to overstress themselves while selecting games to bet on, choosing tenths of games to bet on with little amounts. wishing for good fortune to favor them in all of their bets on games

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

People who are penniless use gambling to make money. That once happened to one of my friends. At that time, we were hanging out at a friend's house. While chatting, a friend suddenly said he wanted to make money first. We wondered because, as far as we knew, he had no job at all and where he wanted to find the money. He then said I want to make money from gambling.

And without us knowing, he often gambled, more precisely, playing traditional cards with his friends. And he was lucky to be able to bring home some money and buy food and daily necessities. We advised him that gambling would not guarantee a win and that he should stop. One of our friends even went to find a job for him only to ask him to quit. And fortunately, he realized that what he was doing was wrong, and he decided to stop immediately and leave gambling forever until now.

So perhaps, the percentage of people from the lower class can gamble more often because they really need money to survive rather than looking for other jobs.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

I doubt it is more about the profit in gambling, some people I know just gamble to spend their spare time but other gamblers usually play to make money. It depends on the person's perspective but the same end is expected for both category people. My opinion is the rich gamblers are less than other types of gamblers.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: Gozie51 on July 21, 2023, 09:47:05 AM

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Hard to tell this one since its hard to get data from the rich gambler since they always choose to play privately. The statement is somehow true especially those who are looking for a profit and expecting more from gambling, but its unfair to those who are just want to spend their free time in gambling and have fun as well.

Topic: Do you gamble because you don't have sufficient money? - page 51. (Read 7205 times)