Rich people don’t gamble.

[Don Pedro Dinero]

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.

[Lionidas]

Well you can say that the poor person's mindset tells them to go for the goal of winning the jackpot because they using talk themselves into saying
"I got nothing more to lose!"
While the rich people didn't get that way by accident and do not usually take that mistake in taking on too much risk where it will bankrupt them.
I am not saying it has not happened but it rarely happens to these sort of people.

[qwertyup23]

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.

Rich people tend to gamble due to entertainment purposes while poor people tend to gamble due to the mindset that it may alleviate them from their situation. Consider the two sides, rich people already have the necessary and sufficient resources to gamble while the poor risks their money more believing that the risk might be in their favor. Relatively, you are indeed correct and the article also suggests that the poor gambles more as compared to the rich. This may be relative to what they are earning since poor people tend to gamble everything while the rich may only gamble the money that they are willing to lose.

[yoseph]

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.

[Kate Beckett]

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 don`t agree with you. I believe that rich people play less because they have something to lose. They are afraid to put a lot of money on it, because they are very afraid of losing their money. Poor people have nothing to lose. They are looking for any way to get money. For many people, gambling becomes a salvation. This does not mean that they only think about how to spend money, or don`t look for other ways of earning. For poor people, gambling is a chance to earn money. While for the rich it is a rest and adrenaline rush.

[stomachgrowls]

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.

There might be some point but not all the times because this is situational basis on where there are rich people who do gamble big time without any limits because he do know that he do have the money to spend on and he do only think on pleasure than on thinking up on making money even more.This would be just okay as long you do have already a passive income or leverage flow but if not even how rich you are and losing bigtime to gambling will really make you poor again.

[Biscutard]

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.

Well, rich people does spend the money that they can afford to lose while some of the poor people are not thinking carefully whether to spend them all because they wanted to double their winning by doing the martingale strategy.

[gilangIDR]

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.

Gambling is not a way to make us rich. People who say these are those who want to take advantage of the conditions on the gambling game, they could be a dealer. Back again to the point that the rich people are really smart people, and smart people will not choose gambling game !! They can think that playing gambling is just a waste of time. Smart and wealthy people will make investments that are far more beneficial and profitable financially. They will buy a lot of coins, invest in ICO and also do trading. Everyone will think like that, and I need to repeat that smart people will never play gambling!

[DPrillio]

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.

Well, rich people does spend the money that they can afford to lose while some of the poor people are not thinking carefully whether to spend them all because they wanted to double their winning by doing the martingale strategy.

No, mostly gamblers in a high end casino are rich people because they have a lot of extra money that are not compromise and always afford to lose, its rarely to see poor people inside the casino and the reason is not enough money to bet and being ashamed to go inside thinking without enough money. But gambling in crypto is a different story because of being anonymous gambler unless you have the asset to bet then all people the rich and poor can go on gambling.

[Koadharber]

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.

Well, rich people does spend the money that they can afford to lose while some of the poor people are not thinking carefully whether to spend them all because they wanted to double their winning by doing the martingale strategy.

In most cases these are the common scenarios on where poor or average people who do play gambling with their hard earned money because they do like it to get doubled or win big time unlike on rich people they dont really mind on losing because they already have alot but still there are rich people who are greedy on playing gambling which they are not contented on not able to make even more money.

[okissabam]

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.

[crwth]

It still depends on the type of person that you are because if you think about it they are the ones who are risk-takers and the risk factors definitely have a high-impact in whether you go out in profit or negative income.

I think rich people are the ones who takes risk with caution and thinks about what they could lose if they continue. When people who have less than them or just ordinary people, tend to risk more than they can afford to lose and that's just sad.

[emberbekas]

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.

[vintages]

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.

[Caladonian]

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.

Not all have that intention, they also played gamble and get addicted, I've heard some stories about a businessman loses his wealth because of
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.

[bering]

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

[ethereumhunter]

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.

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.

[V1saya]

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.

[mattprochazka]

I think it's depending because do you know about Antonio Esfandiari? He's the most richest poker player in this world.

[Usafstar]

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.