Rich people don’t gamble. | Bitcointalksearch.org

Don Pedro Dinero

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Quote from: megynacuna on March 26, 2018, 05:33:13 PM

The OP better be told that the rich people in this world are the risk takers and they have succeeded with the risks they bore and that is why they have become wealthy.

Not at all. You’d be better told that the risks rich people take are completely different from playing in the casino, like starting a business or buying shares or a new company.

No wealthy guy became rich in a casino, except for poker players, they got rich taking other risks.

Quote from: haroldtee on March 27, 2018, 05:48:10 AM

It seems a lot of people just prefer reading the topic or taking a quick glance at the post and commenting without making an attempt to read the OP fully. Simply put, the OP only needed you to get the idea of how rich people perceive gambling which he mentioned the title an overstatement, not like he said, rich people do not gamble at all. Oh sorry, I forgot, you would not know since you did not read it.

Everything the OP has said is the truth. Rich people do not come to casinos to play game for the winnings, they do so to have some good fun in their own way. I cannot say if they do not end up playing game of chance or not though, but even if they do, they are not playing just to see how their luck can get them richer, but they do so just to while away some time, which is something the poor man can never do.

Take a look at the statistics of the poor men who gamble, they are doing it to see if they can get lucky to see how their life can turn around for good by becoming rich with their activities. You would not blame them, as that would generally be the common mindset of any poor man.

I totally agree, and due to what I've highlighted in bold I'm going to lock the thread, as I don't want it to turn into another spam megathread.

haroldtee

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Quote from: Indrawan77 on March 26, 2018, 07:14:42 PM

I disagree with the statement, rich people do gamble most of the people in the casino is rich people that looking way to release stress and some even are addicted gambler, but lottery is not going to be played by the rich, because they don't find any excitement in lottery and the chances of winning is small, in the other hand the poor hoping that by buying lottery he can win it and out from poverty, the poor choose the lottery because its cheap and the prize is huge

It seems a lot of people just prefer reading the topic or taking a quick glance at the post and commenting without making an attempt to read the OP fully. Simply put, the OP only needed you to get the idea of how rich people perceive gambling which he mentioned the title an overstatement, not like he said, rich people do not gamble at all. Oh sorry, I forgot, you would not know since you did not read it.

Everything the OP has said is the truth. Rich people do not come to casinos to play game for the winnings, they do so to have some good fun in their own way. I cannot say if they do not end up playing game of chance or not though, but even if they do, they are not playing just to see how their luck can get them richer, but they do so just to while away some time, which is something the poor man can never do.

Take a look at the statistics of the poor men who gamble, they are doing it to see if they can get lucky to see how their life can turn around for good by becoming rich with their activities. You would not blame them, as that would generally be the common mindset of any poor man.

MMA

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Quote from: Saveplus on March 27, 2018, 02:17:54 AM

No rich people also gamble for fun and entertainment purpose.But those wise and smarter knows how to be responsible for not loosing all their money,but there are some rich that become poor because of undiscipline to manage their money well.All of us gamble either poor or rich but we need to control our self in being addicted on it.

People never get satisfaction with the money they have, therefore i think rich people also play gambling for making more and more money, playing gambling for fun only i do not think that it is a wise decision because there are so many other free ways of getting fun and enjoyment then why should we put our money in risk.

Saveplus

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No rich people also gamble for fun and entertainment purpose.But those wise and smarter knows how to be responsible for not loosing all their money,but there are some rich that become poor because of undiscipline to manage their money well.All of us gamble either poor or rich but we need to control our self in being addicted on it.

chris200x9

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Quote from: abel1337 on March 27, 2018, 01:47:18 AM

Rich people also do gamble because they want to attain more money for their own satisfaction not only to entertain themselves. Many rich people who are addicted into gambling has a high tendency of becoming poor and suffer from debts if the person cant control his emotion on playing gambling.

Gambling is a very easy way to spend all your money regardless of whether your rich or poor. So rich guys will initially go for higher bets and once they start losing money slowly reduce their bet amount until they become poor if they don't know when to stop gambling. There are many people who gamble only for pleasure will know when to stop this game to reduce their losses.

abel1337

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Rich people also do gamble because they want to attain more money for their own satisfaction not only to entertain themselves. Many rich people who are addicted into gambling has a high tendency of becoming poor and suffer from debts if the person cant control his emotion on playing gambling.

Caladonian

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Quote from: changcloy on March 26, 2018, 07:29:10 PM

Rich people do gamble for it also their ways to feel relax and enjoy their selves. Most people who gamble in casinos are really rich which are millionaires they are not there for chasing profits but to spend their time to have fun not like ordinary people who go there hoping to get jackpot and sometimes ended their day losing what they had.

There's also some incedent that rich people also seek for money not just only for relaxation, most of them are looking only for social activities and
to have some relaxations but there's also some of them who cater this activity to add more money inside their pockets, we heard about game fixing
and to deal with that a lots of money is needed, that can't be done by an ordinary gambler, rich gambler can deal with that.

tbterryboy

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Quote from: yoseph on March 23, 2018, 11:56:13 AM

Quote from: Don Pedro Dinero on March 23, 2018, 10:59:34 AM

Actually, the title of this post is an overstatement, but it helps you to get the idea. Rich people play fewer games of chance than poor people, and they risk a lower percentage of their income.

This article talks about it but only focused on the lottery, although I believe it can be applied to gambling in general:

https://edition.cnn.com/2013/12/18/opinion/lottery-poor-just-opinion/index.html

Why do you think this happens?

I suppose it is because people with a rich person’s mindset think mostly about buying assets with their money whereas people with a poor person’s mindset only think about spending their money, and the only way they can think of becoming wealthy is by hitting the jackpot.

Its actually the poor who bank all their hopes on lottery because they hope that they can change their lives by winning some money to solve their problems. The rich who have no problems related with money are going to just gamble for fun only and winning money is their additional reward.

Yeah in this case we can say there are some people who gamble for fun and entertainment purpose. Because they don’t need any other money. They think this as a chance. If they win, it is a bonus and if they lose, they don’t even think about it. But as you have said, it is the poor who want to get maximum out of his little investment in gambling. There are much goals attached while they are gambling.

changcloy

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Rich people do gamble for it also their ways to feel relax and enjoy their selves. Most people who gamble in casinos are really rich which are millionaires they are not there for chasing profits but to spend their time to have fun not like ordinary people who go there hoping to get jackpot and sometimes ended their day losing what they had.

Indrawan77

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I disagree with the statement, rich people do gamble most of the people in the casino is rich people that looking way to release stress and some even are addicted gambler, but lottery is not going to be played by the rich, because they don't find any excitement in lottery and the chances of winning is small, in the other hand the poor hoping that by buying lottery he can win it and out from poverty, the poor choose the lottery because its cheap and the prize is huge

megynacuna

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Quote from: finzyoj on March 26, 2018, 05:15:29 PM

Quote from: milewilda on March 26, 2018, 03:56:20 PM

Quote from: vv181 on March 26, 2018, 02:10:51 PM

Quote from: sheenshane on March 26, 2018, 01:20:09 PM

Not all rich people are didn't go to gamble some of them are in gamble just like what in casino mostly are a millionaire or billionaire are there that willing to gambled a huge of their money.
Then I saw also most rich people they do first their assets and liabilities for the interest, gambling for them are wasting time and money, poor people have become poorer and the rich people much richer.

True. But the majority of the rich people will stay away from gamble because I'm sure its waste of money, the rich will prefer to buy things that appreciated.

The thread title is very bold, but it does not close the possibility the rich will play gamble because I'm sure there a special excitement when they gamble.

Being rich by means of hard work or investment ventures then most of the time those rich person would really value their money not compared to those people who just inherited their wealth came from to their parents or into another relatives on which if hes already a gambler since then he had given a chance on being rich then for sure playing gambling would always be a choice since those money being gained not came from hardwork which spending them wont really be a bothersome.

True, in casinos most of the people who go there are the rich ones. For them playing gambling is a leisure already. They won't worry much because they are there for fun and not for profit . Its true than a hard-earned money is hard to spend, spending it for unimportant things will be like wasting the time and effort spent on earning it.

The OP better be told that the rich people in this world are the risk takers and they have succeeded with the risks they bore and that is why they have become wealthy. Casinos are made for the rich they are the minority and in as much as the low income earners for the majority of gamblers the rich also play when it matters most and they often win the big prizes.

finzyoj

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Quote from: milewilda on March 26, 2018, 03:56:20 PM

Quote from: vv181 on March 26, 2018, 02:10:51 PM

Quote from: sheenshane on March 26, 2018, 01:20:09 PM

Not all rich people are didn't go to gamble some of them are in gamble just like what in casino mostly are a millionaire or billionaire are there that willing to gambled a huge of their money.
Then I saw also most rich people they do first their assets and liabilities for the interest, gambling for them are wasting time and money, poor people have become poorer and the rich people much richer.

True. But the majority of the rich people will stay away from gamble because I'm sure its waste of money, the rich will prefer to buy things that appreciated.

The thread title is very bold, but it does not close the possibility the rich will play gamble because I'm sure there a special excitement when they gamble.

Being rich by means of hard work or investment ventures then most of the time those rich person would really value their money not compared to those people who just inherited their wealth came from to their parents or into another relatives on which if hes already a gambler since then he had given a chance on being rich then for sure playing gambling would always be a choice since those money being gained not came from hardwork which spending them wont really be a bothersome.

True, in casinos most of the people who go there are the rich ones. For them playing gambling is a leisure already. They won't worry much because they are there for fun and not for profit . Its true than a hard-earned money is hard to spend, spending it for unimportant things will be like wasting the time and effort spent on earning it.

BarbieCasino

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Quote from: St4yInTh3D4rk on March 26, 2018, 08:33:19 AM

Quote from: Don Pedro Dinero on March 23, 2018, 10:59:34 AM

Actually, the title of this post is an overstatement, but it helps you to get the idea. Rich people play fewer games of chance than poor people, and they risk a lower percentage of their income.

This article talks about it but only focused on the lottery, although I believe it can be applied to gambling in general:

https://edition.cnn.com/2013/12/18/opinion/lottery-poor-just-opinion/index.html

Why do you think this happens?

I suppose it is because people with a rich person’s mindset think mostly about buying assets with their money whereas people with a poor person’s mindset only think about spending their money, and the only way they can think of becoming wealthy is by hitting the jackpot.

Maybe the game selection differs from the poor and rich according to his economic status but all the people are gambling here to make more money.But mostly the rich people do gambling as a fun purpose but the poor's are doing it as a money earning job that is the difference between both.

Mostly, gamblers consider gambling as a way of earning money but some play for fun purpose too. Gambling is just a ridiculous game and it can never make anyone rich. It is also not a poor people’s game because in order to place a bet, money is required. In casinos, either mediocre or rich people are found. No matter whoever is gambling, the thing is he will lose money anyway and the capital will decrease. The end results remain same regardless of one’s financial status.

milewilda

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Quote from: vv181 on March 26, 2018, 02:10:51 PM

Quote from: sheenshane on March 26, 2018, 01:20:09 PM

Not all rich people are didn't go to gamble some of them are in gamble just like what in casino mostly are a millionaire or billionaire are there that willing to gambled a huge of their money.
Then I saw also most rich people they do first their assets and liabilities for the interest, gambling for them are wasting time and money, poor people have become poorer and the rich people much richer.

True. But the majority of the rich people will stay away from gamble because I'm sure its waste of money, the rich will prefer to buy things that appreciated.

The thread title is very bold, but it does not close the possibility the rich will play gamble because I'm sure there a special excitement when they gamble.

Being rich by means of hard work or investment ventures then most of the time those rich person would really value their money not compared to those people who just inherited their wealth came from to their parents or into another relatives on which if hes already a gambler since then he had given a chance on being rich then for sure playing gambling would always be a choice since those money being gained not came from hardwork which spending them wont really be a bothersome.

vv181

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Quote from: sheenshane on March 26, 2018, 01:20:09 PM

Not all rich people are didn't go to gamble some of them are in gamble just like what in casino mostly are a millionaire or billionaire are there that willing to gambled a huge of their money.
Then I saw also most rich people they do first their assets and liabilities for the interest, gambling for them are wasting time and money, poor people have become poorer and the rich people much richer.

True. But the majority of the rich people will stay away from gamble because I'm sure its waste of money, the rich will prefer to buy things that appreciated.

The thread title is very bold, but it does not close the possibility the rich will play gamble because I'm sure there a special excitement when they gamble.

ovcijisir

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My opinion is that gambling isn't so bad if you spend only small amount of money on it. If you let your emotions control your actions then you can end up spending more then intended. Some people gamble even money that was originally intended for living expenses.

bratko99

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Yea maybe...
But I feel like even if I'm very rich, I would still gamble. This probably would be just for fun.
Since I wouldn't care if I lose but will be happy if I win. Of course not, If I bet more than I can afford to lose even then.

sheenshane

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Not all rich people are didn't go to gamble some of them are in gamble just like what in casino mostly are a millionaire or billionaire are there that willing to gambled a huge of their money.
Then I saw also most rich people they do first their assets and liabilities for the interest, gambling for them are wasting time and money, poor people have become poorer and the rich people much richer.

Sir Cross

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Quote from: Taskford on March 26, 2018, 12:13:52 PM

Quote from: mOgliE on March 26, 2018, 10:29:10 AM

I think this article can't be extended to other gambling games at all!

Why do you play the lottery? To win the jackpot and be good with all your money problems. You never play lottery for the thrills because when you play it you know you'll lose 99.9999% of the time. It's not a fun game it's a dumb game to earn a lot.
Other games are completely different, when you play poker, cards, roulette or dice it's for the thrills. The winning streak, coming back after a huge loss...
When you play those games you don't aim to become rich, you aim winning and becoming slightly richer than before.

So you really can't compare lottery to any other gambling game in my opinion!

Well you have some point but there are people who plays gambling just for thrill or fun, that are the people who have too much money and doesn't know where to spend it anymore, that is why they are taking the risk in gambling, it doesn't matter if they lose or not just to have some pastime.

I've had the same thoughts. Winning the lottery has a 0.13549375203% chance for you to win and there's not much of a thrill in that. Most of the poorer people choose to play the lottery because there's a one in a million chance for them to win and it's an instant solution to their financial problems.

In fact, I think that the rich gamble more because they have the capacity to and they can waste their money. You would need resources to get into a casino or just play poker even. Some of the rich even gamble merely for entertainment.

izanagi narukami

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They do but they bet only on how much they afford to loss.
Let's take a look on Dan Bilzerian that keep playing poker although he already rich.
Maybe most rich people don't but some of them keep gambling because it's become their nature !

Topic: Rich people don’t gamble. (Read 583 times)