Rich people don’t gamble.

[steveabrahams]

Fifty fifty i think, because i think rich people will focus more on their business to get more money and the rest rich people who already so much money don't know how to spend it so they go to gambling. I believe rich people also gambling but they gambling is just for fun, for entertain themselves not for making easy money.

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[Fafabol]

May I know what's your basis for this? I know some people who are rich but they still gamble, they gamble because they don't know where to waste their money and gambling is the best way to waste while having fun. Just think logically, why poor people will gamble more when the fact that they don't have lots of money? It's just crazy to think tho.

[ethereumhunter]

Fifty fifty i think, because i think rich people will focus more on their business to get more money and the rest rich people who already so much money don't know how to spend it so they go to gambling. I believe rich people also gambling but they gambling is just for fun, for entertain themselves not for making easy money.

agree with you, although they like to play gambling, they know that they don't spend too much because they still want to produce more money from their business. once rich people play gambling, they can make a big bet in the table but they don't chase the winning money but they only want to enjoy the games.

[Binugon]

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.

they people know that gambling is not the right choice to make it rich, gambling is actually throwing our money away, even if we win big one day we will definitely get a successive defeat and end up not having any money at all, people can invest or trade, that's what they do

[denny27]

Fifty fifty i think, because i think rich people will focus more on their business to get more money and the rest rich people who already so much money don't know how to spend it so they go to gambling. I believe rich people also gambling but they gambling is just for fun, for entertain themselves not for making easy money.

agree with you, although they like to play gambling, they know that they don't spend too much because they still want to produce more money from their business. once rich people play gambling, they can make a big bet in the table but they don't chase the winning money but they only want to enjoy the games.

But however that depends on the personality of each the rich people, the rich or the poor people., it will have a different response to gambling with the purpose their has. Sometimes the rich people due they feel more addict, they can't stay away from gambling and continue to spend money with the purpose of doubling their money without realizing how much money they spending out.
And I think., in gambling, it's more rich people who are closer to gambling than poor people.

[Betwrong]

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 is a great article. The stats it presents I was never aware of. It says that the average yearly per capita spending on lottery tickets in Massachusetts is nearly $800. Which means, considering that not every child or adult buys the tickets, that more than $2,000 on average is spent every year by a gambler on the lotteries. This is a big money especially for the poor, who, according to the article, constitute a majority of the gamblers. It is sad actually that the poor people become even poorer following the false hope.

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

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.

[Don Pedro Dinero]

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

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.

[TrumpD]

Well the article focus on lottery, so it makes sense that you have a larger % of poor people playing the lottery than rich people. The lottery is like a dream to be rich, and there are more poor people than rich people in the world - 1%. So you have 99% trying to be part of that 1% group so statistically more poor people play the lottery. For the other types of gambling mostly mid-up scale, casinos, horse racing etc. It is a matter of entertainment for the rich and nothing else. They don't need the money.

[BTCsuccessor]

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.

Actually, some of the rich make gambling as only entertainment while some poor make this as source of income. But some of them are lose what they have.

[christian07]

Actually all rich people can handle to play gambling because they have money to risk not like poor people so your wrong in the information that you gave to us OP ,i think also even your poor or rich if you can handle to risk then you can go to play because you already have mind that can think all the possibilities can happen so better to play when your prepare already

[jhony525525]

Rich people do this gambling for the fun and they ave free time and money so they can gamble better than poor people while people have no money they can not afford gambling so for me gambling is good while those who are expert in the gambling they don't fear about  the betting and games they also bet on racing horse games and many other games so for me now this is a good opportunity to use online money for online casinos and many other activities

[poplolnman]

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.

[solarion]

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.

[dmamigo]

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.

[stomachgrowls]

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.

[patt0]

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.

[btc_angela]

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.

[ene1980]

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.

[Finestream]

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.

[FRJ]

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,