Is gambling for the rich who can afford to lose ?

[South Park]

Many people come in gambling in order to win in a short time and change their faith. They are the ones who can't afford to lose. If these people lost in gambling, that would have a seriously bad effect on their lives.

On the other hand, there are people who have a lot of money in hand and losing is not a big deal for them. If they win in gambling, they enjoy and if they lose, nothing is lost for them as they have a lot of money in bank balance. They will come again next day and play more without worrying about the money.

So can we say that gambling is for the riches who can afford to lose?

Not really, gambling is just another hobby, and like in most hobbies you need to spend some money to make the most out of it, those that have a small amount of money to spare use a small amount, while those that have a lot of money simply use more money, that is simply how things work when it comes to any form of entertainment, also it does not matter if you are rich or poor if you develop some kind of addiction to gambling eventually your money will run out, so as you can see gambling is for everyone and the amount of money you have has nothing to do with the fun you can get out of it.

[dothebeats]

Gambling isn't only for the rich. It is also for those people who have the money and have the guts to risk their money in order to gain 'more' in the process. The rich only have more chances and more resources to spend, but this doesn't mean that gambling is just for them. You still allot your precious time aside from the little money that you put in on your bets, and that's still a very crucial thing, too. It may not be worth that big to other people but it certainly is already huge for you.  

[mia_houston]

Many people come in gambling in order to win in a short time and change their faith. They are the ones who can't afford to lose. If these people lost in gambling, that would have a seriously bad effect on their lives.

On the other hand, there are people who have a lot of money in hand and losing is not a big deal for them. If they win in gambling, they enjoy and if they lose, nothing is lost for them as they have a lot of money in bank balance. They will come again next day and play more without worrying about the money.

So can we say that gambling is for the riches who can afford to lose?

Gambling never differentiates rich or poor, as long as they have money to gamble of course anyone can gamble, but even so of course there will be differences between rich people who gamble and poor people because indeed they have differences in capital and also bets in gambling, I think only in traditional casinos the rich who gamble will get more preferential treatment than ordinary gamblers, but this is not the case in online gambling and all gambling users will certainly get the same treatment.
About people who can afford to lose or not, I think both rich and poor of course no one can afford to lose, but I think rich people may be more prepared to lose because it is certain that they still have reserves of funds to anticipate the loss, while poor gamblers of course, losing money at the gambling table will increase their financial burden, so it's better if you don't have enough money or income, it's definitely better not to gamble at all.

[Oasisman]

So can we say that gambling is for the riches who can afford to lose?

Yes and No.

Basically it's a yes because rich people are indeed has a lot of money to burn and they can absolutely let go of the money they gamble without any worries.
And No because even the middle class or the poor can gamble with a small or moderate amount of money which they can enjoy at the same time without worrying of what they are about to lose as well.

Therefore, that depends on the amount of money you're willing to lose that fits your budget.

[Hydrogen]

Gambling is for those who enjoy analyzing and breaking down sporting events to find patterns that are relatively consistent.

Big data and statistical analysis can play a big role here. As illustrated by players on fantasy sports platforms who have won big using the approach.

There are some who enjoy being know it alls and being right about everything. That could be the personality type best suited to being successful in the gambling world. As they might be the most obsessed with being accurate and correct about their calls. They may also have a good drive to learn from mistakes. And to overthink things to a point further than most would be willing to go.

[TopTort777]

What about those who come to gambling when seeking emotions? They are neither poor, nor rich, however they can afford to lose?

I cant say tham I am rich, cant say that I gamble to become one or to earn. I cant also say that I can afford to lose hundreds easily. But when I choose to watch sport that I like, alone or in a company, I would rather make a bet, just to get more from just being a spectator.

[paxmao]

My take is that gambling can be for everyone and the good and the bad of gambling can also be for anyone. You can bet even 1 USD if you want, there are innumerable games that offer even quite large prices for that little stake (like many lottos) so people who do not really have much still can play from time to time as most will at least be able to afford a little like 5 dollars a week or even 1 dollar a week.

On the other side of the spectrum, no matter how rich you are if you bet beyond your means. There is always a limit for everyone.