Topic: Rich people don’t gamble. - page 4. (Read 583 times)
That's not true at all because I have so many rich friends who always do gambling.I think most of the gamblers are greedy so I think only greedy people are do gambling.Many rich people are love their money and don't want to ruin.in gambling.So itself not correct that only rich people do gambling.
The mindset that I'm getting from these rich people is that they don't need to put their money into high risk high reward gambling session to earn more money but to put it in a very conservative investment that will provide low-risk and steady flow of money. And that , I think, is certainly why they are gradually becoming richer day by day. They have less chance to lose their money but have a higher percentage to earn some (from their low-risk ventures).
They like to play it safely and guard their money from potential losses. They almost always want to have steady profit generating businesses rather than gambling and putting it entirely on luck. They think in a very logical way and will not welcome any additional risk that could ruin their financial roadmap. That's how they think and people in average should follow it.
They like to play it safely and guard their money from potential losses. They almost always want to have steady profit generating businesses rather than gambling and putting it entirely on luck. They think in a very logical way and will not welcome any additional risk that could ruin their financial roadmap. That's how they think and people in average should follow it.
I think you just don't know about many rich gamblers so you will accuse that gambling won't bring you the wealth ? Of course it's hard but it's possible to do.
Rich people have so much money that what they will do with those money, so infact they do gamble and with big money. Even if they lose it does not matter much to them and they do have a casino party etc where they call their friends and enjoy with them.
True, what do you think the people to the casino? I think all people in that place is rich. The gambling is one problem of our society and one involved is the millionare. It is true, because even they are rich they want to entertain their self.
Even they're busy to their business they a lot time to relax and take out the stress.
Op is talking about mindset, its not the same when you are rich and not in many things, gambling is just one of them. Mindset of a rich people? Rich people go to casino and they enjoy in playing they favorite games, because they are rich they can risk more and enjoy more in excitement from gambling, weather they win or lose they had great time and that's count. Poor people mindset? Simple they go to casino with last money, borrowed money and they strongly believe its their night. They don't know much about a games, they don't know odds, they just wish a big win, and when that doesn't happen they fall into despair.
Rich people don't gamble, they are playing games for fun and there is some money involved for extra excitement.
Each person mindset is different, don't say a rich people can play only for entertainment and poor people will play for making money. there are many poor plays for time pass but they will not go to casinos they will play in hidden gambling place or with friends. but a rich people have money so they will go casino and play their fav games. but one thing is common in every gambler all play for money.
Rich people gamble more than you think, they practically bet on anything because they have the wealth. Gambling is more noticeable with the poor because they always hope to win the big one that's why you see them always buying lottery tickets. In general everybody gambles its just the platform that differs.
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.
Can we do this in a figurative way? Because I am seeing rich people gambles more than those poor people. This rich people are used to bet on casinos the reason the government are taxing a great amount to these casinos, poor people in the other hand gamble because they want to be rich in a one go the reason they always risk their money to it. But I think rich people usually gamble too since they risk their money into investing and trading, well, as long as you are risking something you are gambling right?
I think you just don't know about many rich gamblers so you will accuse that gambling won't bring you the wealth ? Of course it's hard but it's possible to do.
Rich people have so much money that what they will do with those money, so infact they do gamble and with big money. Even if they lose it does not matter much to them and they do have a casino party etc where they call their friends and enjoy with them.
True, what do you think the people to the casino? I think all people in that place is rich. The gambling is one problem of our society and one involved is the millionare. It is true, because even they are rich they want to entertain their self.
Even they're busy to their business they a lot time to relax and take out the stress.
Op is talking about mindset, its not the same when you are rich and not in many things, gambling is just one of them. Mindset of a rich people? Rich people go to casino and they enjoy in playing they favorite games, because they are rich they can risk more and enjoy more in excitement from gambling, weather they win or lose they had great time and that's count. Poor people mindset? Simple they go to casino with last money, borrowed money and they strongly believe its their night. They don't know much about a games, they don't know odds, they just wish a big win, and when that doesn't happen they fall into despair.
Rich people don't gamble, they are playing games for fun and there is some money involved for extra excitement.
I think you just don't know about many rich gamblers so you will accuse that gambling won't bring you the wealth ? Of course it's hard but it's possible to do.
Rich people have so much money that what they will do with those money, so infact they do gamble and with big money. Even if they lose it does not matter much to them and they do have a casino party etc where they call their friends and enjoy with them.
True, what do you think the people to the casino? I think all people in that place is rich. The gambling is one problem of our society and one involved is the millionare. It is true, because even they are rich they want to entertain their self.
Even they're busy to their business they a lot time to relax and take out the stress.
I think you just don't know about many rich gamblers so you will accuse that gambling won't bring you the wealth ? Of course it's hard but it's possible to do.
Rich people have so much money that what they will do with those money, so infact they do gamble and with big money. Even if they lose it does not matter much to them and they do have a casino party etc where they call their friends and enjoy with them.
I don't think so. How about those people lossing millions in casino? It's clear that they are rich because they have millions to play. Most type of people goes to casino is from middle class and up. Poor ones only prefer lottery because you only need less than 50cents to have a chance of winning millions and they don't have much capital as those in the middle class and up to be in casino.
I think this applies to rich people who become rich from zero where they were struggling with so many efforts before they are rich. They do not gamble because they know how hard to be rich. On the other hands, those who are gambling to be rich (poor) are just people who do not want to make efforts. They only want to be rich instantly from gambling but in fact they got the opposite.
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.
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 have to admit I burst out laughing hard when I read the title, I don't even know where the stats were taken to reach such conclusions lol. Apply common sense and ask your self how will gambling work without rich people money, there're times when they do not gamble out in the open like commoners that's the benefit of being rich I guess. They gamble 100% more than what we can do, cause they play in huge numbers unlike us.
I think you just don't know about many rich gamblers so you will accuse that gambling won't bring you the wealth ? Of course it's hard but it's possible to do.
Rich people gamble more than others and those who have extra money they have to use this for the future and the bitcoin is good for the future and the rich people are using paper money for gambling while they know more abut gambling and in the gambling games are used to rich people while the gamblers are spending extra time in gambling but for the poor people they have no extra time to use.
I think it's depending because do you know about Antonio Esfandiari? He's the most richest poker player in this world.
False. There are lots of rich people that gambles. There's the reason why big casinos are flooding in Macau, Vegas, in Europe and in many parts of the world. Rich people loves gambling but these people are earning a lot. They're probably gambling a million daily but it should be very small compared to what they are earning in their business. Middle and poor people are the ones that get lost.
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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.
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.
usually, rich person's don't risk their money for something that is not too important and they only think how to grow their money. and I think they only play gambling for just fun and not use too much money. I agree that their mindset is different than other people so they know how much money they need to spend on gambling games.
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
Actually what the OP is saying is true, although there are some wealthy person who waste their money on gambling casinos just to pass their time and I’ve known some who are like this, and I’ve also known some who are less fortunate and strive hard to hit the jackpot because they feel like that’s the only chance they got to being wealthy; hopeful that one day they’ll be lucky.
The rich also gamble. But as I know, instead of looking for profit they have another agenda. Usually they play with a relationship in business or something similar to it just to make the relationship closer or make the relationship more strict. Business deals often occur from the gambling table.
cockfighting, at first they just enjoyed and its an addition for their social life but there's also a bad influenced getting so greedy and addicted to
the game and it will results to emptying their pockets.
The rich also gamble. But as I know, instead of looking for profit they have another agenda. Usually they play with a relationship in business or something similar to it just to make the relationship closer or make the relationship more strict. Business deals often occur from the gambling table.
My point too. Unlike the rich, the poor goes into gambling because they are looking to make some money out of it. But the rich, though its not usually that they gamble because of business deals but because of the fun in it. May of them, love to throw in some money whenever they enter into any casino, they love to be admired as the biggest and popular gambler with huge money to throw in any casino. An addicted rich gambler don't care if they are losing, they just want the fame and the ladies all around them. 
Actually what the OP is saying is true, although there are some wealthy person who waste their money on gambling casinos just to pass their time and I’ve known some who are like this, and I’ve also known some who are less fortunate and strive hard to hit the jackpot because they feel like that’s the only chance they got to being wealthy; hopeful that one day they’ll be lucky.
The rich also gamble. But as I know, instead of looking for profit they have another agenda. Usually they play with a relationship in business or something similar to it just to make the relationship closer or make the relationship more strict. Business deals often occur from the gambling table.
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