Rich people don’t gamble. - page 2.

Taskford

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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.

mOgliE

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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!

imstillthebest

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Quote from: Shenzou on March 26, 2018, 08:28:54 AM

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

~ snip ~

I think that rich people not that they don't gamble they don't play specific games, they don't play normal online gambling games like dice or sports betting, because they go to real life casinos where they can actually interact with other people and drink some expensive wine and talk about business , the only reason why we see more poor or average people using online gambling and playing these luck games is because they don't have as much money to go to real casinos,

why would they need to go to casinos if they only want to talk about business? I think casino is inapropriate place to talk. The main reason why they go to casinos is because they play gambling. Yes rich people also gamble because they have lots of money and they dont even care if ever they won or loose. They only play gambling in order to releieve stress and also to past the time. going to casinos can also give them a cool feeling because many other rich people do also go to casino.

St4yInTh3D4rk

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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.

Shenzou

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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.

I think that rich people not that they don't gamble they don't play specific games, they don't play normal online gambling games like dice or sports betting, because they go to real life casinos where they can actually interact with other people and drink some expensive wine and talk about business , the only reason why we see more poor or average people using online gambling and playing these luck games is because they don't have as much money to go to real casinos,

Betwrong

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Quote from: Don Pedro Dinero on March 25, 2018, 05:43:34 AM

Quote from: Betwrong on March 25, 2018, 05:18:40 AM

I'm placing this quote from the article which I find very convincing:

Quote

One study finds that recent lottery winners have lower levels of happiness than do those who have recently become quadriplegic.

I think this words should be written on every lottery billboard as well as "Smoking kills" on every pack of cigarettes.

LOL! In spite of having read the article, I didn’t pay attention to that final sentence.

I, simply, don’t believe it. I would like to see the sample and the conditions of that study to assess the reliability, but I think if many such studies are carried out, others are going to show the opposite.

The only way I think that makes sense it is because make lottery winners are more worried about their money getting stolen or something, and those who have become quadriplegic are grateful to be still alive. But I think in 90%+ of the cases it is going to be the opposite.

Not only that but also they are frustrated because their inflated expectations about what millions of dollars can do turn sour. I think that's the main reason of their lower levels of happiness. Poor people think they are unhappy because they are poor. But when after becoming rich they are still unhappy that's really frustrating. I absolutely believe the findings of the study are legit, because several of my classmates have become rich but none of them is happy. When we meet they like to think back to the times when they weren't rich but "Those were the days!". That's true and that's why it is pointless to buy lottery tickets because you lose in any case.

yugyug

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Rich people do gamble too but their mindset in gambling in casino and gambling in business or investment have different objectives but both do gambling on what they can afford to lose. Rich people gamble in casino is for recreation and past time only they can afford to lose but never risk to win back that might end up of losing more. Rich people gamble in business or investment are a serious gamble still they can afford but will find a strategy to win back seriously.

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Quote from: Barcode_ on March 26, 2018, 01:02:19 AM

In my opinion, gambling is a form of entertainment that can be enjoy by every one if you play within your limits, I believe there are definitely rich people who are playing their favorite games in the casino too, it is a recreational activity for them after work to relax their mind.

Exactly.I know some rich people go to gambling sites just for fun and make theirselves entertained.Yes its their way of making theirselves unwind from all those stressful activities in the real world.While poor people consider gambling as their source of income,rich people do gambling when they think they have gained already excess money out from their profits being gained.

Barcode_

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In my opinion, gambling is a form of entertainment that can be enjoy by every one if you play within your limits, I believe there are definitely rich people who are playing their favorite games in the casino too, it is a recreational activity for them after work to relax their mind.

lili song

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Quote from: FRJ on March 25, 2018, 08:33:32 PM

Rich people do not play gambling, because this is not true, because rich people are gambling, but their impact is very low in society, because they own a lot of money and they spend a little money on their money, but they do not have too much speculation,
Their gambling play has a great effect on society, I do not think so, and poor people's gambling has a great effect on the society because they play their full money-mentality with the main money of their income, So that if they are harmed then they are harmed by the family and their gambling. The game has too much impact on the society,

Last but not least, they want to tell the rich people and gambling but their effects are very less due to their huge amount, and if poor people play gambling, their effects are very much because their money is very low,

Yes actually that's statement is true. Many of my friends stop from gambling so their life is change and more rich.
When they do gambling, they lost many and family is broken. Many people play gambling can't control the emotional, that will effects to lose many.
Gambling much impact on the society, so need to stop do gambling.

Btc_1856

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There are possible chances that rich people can gamble because of they want to spend some spare for enjoying their life. Whole year they will very busy in order to increase business very efficiently.

michkima

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Quote from: FRJ on March 25, 2018, 08:33:32 PM

Rich people do not play gambling, because this is not true, because rich people are gambling, but their impact is very low in society, because they own a lot of money and they spend a little money on their money, but they do not have too much speculation,
Their gambling play has a great effect on society, I do not think so, and poor people's gambling has a great effect on the society because they play their full money-mentality with the main money of their income, So that if they are harmed then they are harmed by the family and their gambling. The game has too much impact on the society,

Last but not least, they want to tell the rich people and gambling but their effects are very less due to their huge amount, and if poor people play gambling, their effects are very much because their money is very low,

Was hard to understand your sentences but from what I understood is that the effect of gambling to a rich or poor person is different in that the impact of the money lost or gained with the rich or poor person is indeed different. But it really depends on how much each person bets. If the rich person bets 100% of his money and the poor one just bets 10%, in case both loses the bet then the rich person will be in a really bad situation. The status is irrelevant. What matters is how much each bets.

FRJ

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Rich people do not play gambling, because this is not true, because rich people are gambling, but their impact is very low in society, because they own a lot of money and they spend a little money on their money, but they do not have too much speculation,
Their gambling play has a great effect on society, I do not think so, and poor people's gambling has a great effect on the society because they play their full money-mentality with the main money of their income, So that if they are harmed then they are harmed by the family and their gambling. The game has too much impact on the society,

Last but not least, they want to tell the rich people and gambling but their effects are very less due to their huge amount, and if poor people play gambling, their effects are very much because their money is very low,

Finestream

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Quote from: btc_angela on March 25, 2018, 05:46:14 PM

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.

I totally agree. Poor people mentality is to really hit that one time jackpot that will change their lives for the better. While the rich one, doesn't want to gamble but instead used their money to make a lot of money. That's why poor people remain poor and rich people becoming wealthier.

And the only time you will see rich people gamble is to have some fun but I don't think that they are willing to gamble so much money which they earn thru hard work.

I guess it's true.The only difference is that poor people tend to gamble as a means for their living so they are risking more money hoping that it will double or triple their money in an instant.And when they lose,they become more poorer instead.While rich people gamble for fun and enjoyment purposes.They may gamble but not with a high risk since they only gamble for a short hour and then leave.Whether they win or lose,it's not so important atleast they enjoyed.They have lots of resources for income so they will never get depressed with what they lose.After all its just a coins for them.

ene1980

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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.
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.

The idea of rich people does not gamble does not bode well as if you check out google you will find the biggest losers in casinos are rich people who gamble with their money amounting to millions at a given time, there are obsessive gamblers who cannot stop the habit from UFC president Dana White to the president Donald Trump are massive gamblers. Wink

btc_angela

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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.

I totally agree. Poor people mentality is to really hit that one time jackpot that will change their lives for the better. While the rich one, doesn't want to gamble but instead used their money to make a lot of money. That's why poor people remain poor and rich people becoming wealthier.

And the only time you will see rich people gamble is to have some fun but I don't think that they are willing to gamble so much money which they earn thru hard work.

patt0

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Well I'm not so sure that rich people gamble less than poor people, but saying that they use a smaller percentage for gambling than poor people is perfectly understandable in my opinion. They would have to gamble huge amounts of cash in order to reach the same % of poor people, simply because they have a lot of money. If a very rich guy spends $100 or $1000 in a game, that's nothing compared to what he has. And if someone poor spends as little as $1 or $10, that is way more in %, compared to the rich guy.

There is of course the appealing for poor people to have a chance to change their lives with gambling (specially those playing lotteries etc). I think that rich people simply don't play those kinds of games, because they don't see the appeal.

stomachgrowls

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Quote from: dmamigo on March 25, 2018, 01:47:52 PM

Quote from: poplolnman on March 25, 2018, 11:59:07 AM

Quote from: bering on March 24, 2018, 01:09:24 AM

indeed the lotteries are dominate by poor people because they expect hit the jackpot and being rich people but beside that i think rich people still gambling but the different is they only pick the particular games to satisfied their hobbies and possibly rich people gamble only for fun and because they already rich then they does not care if they lost and back to gamble for the next day

Poor people gamble to become rich but rich people gamble for what?? They rich already so they are looking for another excuse , usually it's for the priceless satisfaction. But there also some people who never feel enough collecting money so rich people could still gamble to become more rich which it's never ending purpose. So yeah that's my opinion.

Absolutely true fact, everybody seeking that satisfaction does gambles. Rich and Poor is not the reason, different reason for different class of people. But mostly they play card games, Poker, BlackJack and also many bets on sports of any form. In many Casinos I noticed some private tables and by there looks it was pretty clear they are rich. And also there were people who was of middle class. Poor people doesn't really visits Casinos generally, I never seen them there. But they does surely gambles and mostly who gets addicted gambles more than the rich.

Most of the time on where majority of people who do go inside of a casino would really be rich since there would be no middle or low class level would really go into that place since they do value their money and instead of spending it to casinos which they do know that most of the time they would really lose up those amounts which isnt really worth of to play.You would really able to feel or see rich people on that place. Gambling doesnt really have a requirement when it comes to financial status.The thing here is that they do really differ on views when it comes to gambling.

dmamigo

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Quote from: poplolnman on March 25, 2018, 11:59:07 AM

Quote from: bering on March 24, 2018, 01:09:24 AM

indeed the lotteries are dominate by poor people because they expect hit the jackpot and being rich people but beside that i think rich people still gambling but the different is they only pick the particular games to satisfied their hobbies and possibly rich people gamble only for fun and because they already rich then they does not care if they lost and back to gamble for the next day

Poor people gamble to become rich but rich people gamble for what?? They rich already so they are looking for another excuse , usually it's for the priceless satisfaction. But there also some people who never feel enough collecting money so rich people could still gamble to become more rich which it's never ending purpose. So yeah that's my opinion.

Absolutely true fact, everybody seeking that satisfaction does gambles. Rich and Poor is not the reason, different reason for different class of people. But mostly they play card games, Poker, BlackJack and also many bets on sports of any form. In many Casinos I noticed some private tables and by there looks it was pretty clear they are rich. And also there were people who was of middle class. Poor people doesn't really visits Casinos generally, I never seen them there. But they does surely gambles and mostly who gets addicted gambles more than the rich.

solarion

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Quote from: poplolnman on March 25, 2018, 11:59:07 AM

Quote from: bering on March 24, 2018, 01:09:24 AM

indeed the lotteries are dominate by poor people because they expect hit the jackpot and being rich people but beside that i think rich people still gambling but the different is they only pick the particular games to satisfied their hobbies and possibly rich people gamble only for fun and because they already rich then they does not care if they lost and back to gamble for the next day

Poor people gamble to become rich but rich people gamble for what?? They rich already so they are looking for another excuse , usually it's for the priceless satisfaction. But there also some people who never feel enough collecting money so rich people could still gamble to become more rich which it's never ending purpose. So yeah that's my opinion.

Since they are rich already they does not worry about the money that loosing the game. I personally takes that gambling is the shit way to invest and looking for profit. Millions in one person only have the luck all the time to find the profit dude.

They does not comes to make the money. To make the time pass they are coming into gambling investing such as betting, slot roll and poker room.

Topic: Rich people don’t gamble. - page 2. (Read 583 times)