Topic: Most of gamblers are rich or poor? - page 4. (Read 1046 times)

Unfortunately true. Too many people forget that gambling is designed to be a hobby, not an addiction.

If you can't afford to lose, then don't play, it's as simple as that. Sure, it's quite possible to get rich quick while gambling, but the odds are not in your favor, and there are more certain ways to go about it.

Bet what you can afford to lose, if you win, that's cool, if not, you had fun trying!

lol do you really understand what you are saying?who told you that gamblers becomes richer?while the truth is majority of them are losers and we can expect more failure as thy gamble along

Remember that largest percentage of gamblers are losing their money and only few survives everyday in their gambling habits

IMO, people who gamble with money they can lose are rich people, because they really have money that can be eliminated by doing so with awareness. But people who gamble with money that cannot lose and truly seek profits in gambling are poor people, this opinion also came to mind immediately when I read your thread.

It's more enjoyable once you win even your interest is just to have some fun, it's adding more entertaining each time you've got the winning bet. In some way, there's big differences between this two status in life, poor people who deals with gambling find the place to risk and hope for best outcome, while rich mostly play to find enjoyment and to have some fun with their friends and relatives.

Yuppp so basically the poor and the rich both is love to gamble ... the difference is on how the rich one usually have a full awareness that at certain point they have to stop whether it's because a win or because of lost, where the poor tend to be greedy wanted to get rich overnight because yeah that's the nature of poor gambler.

They don't looking for entertainment mostly , they look for fortune. That reason also makes the poor become more poor and the rich become richer.

We can't judge which one is the most but I'm sure the case of poor gambler become successful ( have a long lasting wealth) is rarely happened.

Gamblers is a rich people (biggest part), have money for gambling. They not have problem to loses on gambling. And poor people play gambliing, but very smaler then rich, they play with small risks. Poor people know that they spend a lot of gambling, for example, leading a salary. Countries in transition have a problem with gambling, because when the poor spends their salary on gambling, they decide to kill because of all that not have money, but have lot of problem.

I think it's easy to distinguish between gamblers rich or poor, just if they are addicts they will end up in poverty, if they succeed in gambling they will certainly be rich. nothing is gray or middle. there will be poor or rich in gambling. and poverty can be so much more seeing, because gamblers mostly are addicts

Obviously.

No matter what your status is, as you gamble, your goal or aim is to win a good amount of profit.

Despite the fact that your goal is also to have fun, we are also hoping that we could get a profit out of the bets that we would be doing.

Those are interesting stories, especially that one of Bill Benter, who has made $1 billion by creating a horse betting app.


I must say, I didn't know about it, and now I'm very impressed.

However, I think we should keep in mind that those are not regular gamblers, they are rather exceptions.

To answer the question whether most of gamblers are rich or poor, we should look for statistical data rather than for stories of individuals.

According to stats, around 1.6 billion people gamble during any given year, and it's not hard to conclude that most of them are not rich.

That explains why most governments do run lotteries because its a legal voluntary tax and many people will step forward to pay it.    I think its fair enough so long as the prize is tax free also but often it is not which makes it a double hazard.   
  It also explains why its government which taxes and benefits from the easiest things like alcohol duty, luxury taxes, taxes on property in popular areas, taxes on junk food is a new one and cigarettes of course.   The government is taking a cut of all the things which are easiest in business and most likely to keep repeating, a bit like the mafia does.   There is no intelligence, innovation or finesse to succeed in such things so its an ideal part for the government to pay as it rarely excels otherwise and can ruin any business more complicated then this.

That old article is only FUD, some politician is making points, probably he never placed a bet in his life. Rodel is right here, most of the gamblers comes from a middle class, ordinary people who have fun with occasional gambling sessions, maybe some sports bet, roulette or any other game, they spend couple dollars, have some fun and they walk away. I`m sure some people lose a lot of money with gambling, but be sure that some people make a lot of money with gambling.

It’s considerable since the middle class can become richer in a span of time and they can become poor as well in just a glimpse
Well most rich people that gamblers do this for leisure and not totally to win,and you’re right on there that all of gamblers in the end expect winnings

I think it’s more appropriate to use the word “The Poor people are more desperate to win,and risking their hard earned small money hoping to hit jackpot or even higher winnings”

Most of rich players are just having fun and don’t even consider losing their money,not like poor people who considered their penny’s as their bread to eat

But it’s indeed Poor people are Majority of gamblers

But in fact that there are still some poor people risking their money on gambling. Usually the type of gambling they used to play is lottery, because they are attracted to win big with just small bets but they do it frequently without knowing the possibility of winning is too low so at the end they are spending a good amount of money in total. I cant blame them though because gambling is their own right, but they should realize the worst effect of gambling for their financial condition.
In average, most gamblers are indeed average and rich people because they have some money to risk which wont affect their financial although something very bad may happen once they are addicted to gambling.

to be honest, it's very difficult to know someone's finances when we see him playing gambling online. I feel that it could be rich people, or poor people playing this gamble with a lot of money. it could be their hobby. however, the important point, in this case, gambling is one of the fastest ways to make money but has a high risk. so, those who play it most likely are people who want to make money quickly, and it could be a businessman who makes money through gambling or poor people who want to take the risk to make a lot of money in a short time. we can only guess about this

That could be true since we don't know the truth. But I think some gamblers are poor and they are trying to make money from playing gambling. Although they know the risk, they still playing because they want to change their life if they can win. But the truth is they are difficult to win, and they consider trying to play. The rich people can accept the loss of money, and they will stop playing gambling for a while, but I don't think the poor people will do the same as the rich people because gambling can tempt them to still playing gambling.

This is an old article that I've search in the internet now, and it says the large portion of gamblers are coming from the poorest segment of population.

https://www.politifact.com/florida/statements/2011/nov/18/john-stemberger/largest-numbers-gamblers-come-poor/

That's a sad truth, that's why there are state not approving gambling as a legal business as it could affect the poor and the vulnerable due to their wrong way of thinking about gambling, they tend to think that gambling gives easy money when in fact its the opposite.

I think most of the gamblers are in the middle class life, a lot of them have an ambition and trying to get rich in gambling, the rich people playing gambling for fast time not as source of income. That is only my  own view and opinion for those people playing  gambling. But of course we need to accept all gamblers are want to get win.

Its an unfortunate truth that the very poorest people pay the most tax, because we levy the highest taxes on the most common pursuits such as alcohol, smoking and also gambling is another highly taxed product.    Thats amplified by the weight of there being millions of average wage or poorly paid people vs just a slim elite of the richest at the top and also the richest people can justify paying for advice on how to avoid taxes.
    If you are rich you can travel around with world to purchase the lowest items from each country and that would include gambling, which is heavily promoted in some places and discouraged in other places.   Being mobile with your money is highly profitable as the world varies so much in its costs, so the richest again win by being to more easily transport not just themselves but their assets, money and expenditure to suit the best situation for each.

This is where crypto is of benefit to the smallest members of a society by restoring in small way the idea of capitalism and being able to transport value yourself without paying taxes on every gate on every path you might take.    I'd say its an equalizer in the big scheme of things, most gamblers can easily be said to be poor people who spend a significant amount of their wages on various bets.   Its part of what has made Bitcoin a growing phenomena because it stops this wealth trap for the poor being quite so crushing.

This is true but I've seen communities where there were poor people that never stop gambling.

Their mindset was already set that with just 'one big win' their poverty will end. The reality about rich people as you said is true, they can gamble for some more if ever they lose because they are rich. And with the less fortunate people, they will look for some other ways to gamble again if they ran out of money, maybe sell things or look for a part-time job just for it.