Is gambling for the rich who can afford to lose ?

[noormcs5]

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?

[panjul07]

I'm not rich guy obviously but I have my own limit on how much I can afford to lose in gambling.
It has nothing to do with your financial condition, it is all about how you control/manage your money in gambling.
It is about how much is your loss limit that will not affect your real life.
Even if there is a billionaire but he cant set his own limit in gambling, it will be a big problem eventually.

[NeuroticFish]

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

While I agree that the adrenaline/dopamine levels may depend on the amounts risked, I don't think that it's a game exclusively for the rich.
On the other hand, it's also not for the poorest.

But one can put aside some money now and then, and, in the3 same way he goes to cinema or out for a drink, he can spend some good time gambling.
Of course, if one sees gambling as a way to make money (or recover what he has lost), that's wrong and gas the potential to lead to dramas.

So it's an entertainment for those not too poor who can find a good balance between having fun and spending too much.

[ultrloa]

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?

No, gambling is for everyone who want to have fun since most certainly casino requires only few bucks for people to start up. Also its people decision on how they can prolong their game since anyone could bet small amount so that they can prolong their game and enjoy. But we cannot deny that whales have the advantages since they can earn huge amount of money on their bets and for sure the stress level is different from people who have less money afford to bet on since for small timers they will lose all they have since sometimes their money used is all their hard earned.

[coin-investor]

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?

I don't think so even if you are filthy rich you cannot gamble your money and think that you can afford to lose it, even the richest people on this planet will lose everything they got and, because nobody can stop you from gambling the casino will welcome you if you continue to wager until your last money, I have seen and read on media's personalities and high profile losing their fortune because they don't have control and lose money they should not suppose to lose.

[fiulpro]

Since the wake of cryptocurrencies the gambling market have made their huge mark in this section and which enabled people to gamble with as little as a dollar or cent! There are so many things that can be done on a new gambling website now. You can even gamble using promos, have some extra money from doing small jobs, campaigns and such etc . So many people are now able to gamble even if they are not rich. The whole idea is taking care of their wealth. They have to be extra careful with how much money they are spending and how they are spending it. It's not for the rich, it can be used for entertainment for quite a lot of time for middle class as well.

[cabron]

Consider me poor so it's not just me who grabs the opportunity to those casino promos and bonuses to take the chance to win big on blackjack or baccarat. Rich people I think have something else in mind to make money and I do believe gambling is not usually what is in thier minds.

The rich kids usually have thier own way to make money like buying some money-making method on PDFs or investing in stock/cryptocurrency. If by chance they stray from it and get into gambling, losses they'd be back to thier usual business unless they got addicted to gambling and back again the next day to chase their loss.

[Jackl87]

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?

I don't agree with this statement. In the end it is up to you how much money you risk for your gambling or betting. If you are normal working class guy, like most of us here i would guess, then just don't be greedy and stupid. If you only can afford to use 20$ a months for gambling or better then thats how it is, but you simply should never bet more money than you can afford to lose this is true for both rich and normal or poor people.
If you are a rich dude and could afford to spend 2000$ or more per months or something then you can still lose everything if you get greedy or addicted if you invest more than that amount for gambling and betting. So in the end it's up to you to only invest money that you can afford to lose, no matter if you are poor or rich.

[noorman0]

Basically the measure of wealth is relative so it doesn't matter who gambles. There are even rich people who become poor because they always lose and continue to play, so that those who initially can tolerate losses turn out of control.
More precisely, play as long as you can afford to stop because you want to, not because your money runs out.

[YOSHIE]

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

Depends, how they put their money in gambling.

Most people gamble want to win, fun, have no ambition and don't have a lot of savings, this type usually, doesn't expect to lose, winning big is their dream, there are also those who sell something to bet on gambling, if you lose it can be stressful or crazy and many other types.


The type of gambler you mean is classified as addicts and classy bettors, this kind of gambler's way is not a problem for them to win and lose, it's normal for them.

I mean this:
The way they risk their money to gamble and have a lot of money in the bank, usually they get money from the proceeds of corruption, gambling, robbery and drug sales, meaning: it is easy for them to earn money and easy for them to bet in gambling, this is due again to the percentage of their addiction to gambling, this type of person wins and loses in gambling does not become a real burden for them, money is nothing to them, they can earn even more as they often do, gambling is a trick and entertainment for them.
This type is deliberately risking their money in gambling in large quantities, winning they are not happy and losing is not a burden, the income they expect is not from gambling.

[acroman08]

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

I am far from being rich. just because someone has money they can afford to lose does not mean that they are rich. I for one have to save money so that I could gamble, though it is not a huge amount it is enough to satisfy and entertain me.

[dimonstration]

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

I am far from being rich. just because someone has money they can afford to lose does not mean that they are rich. I for one have to save money so that I could gamble, though it is not a huge amount it is enough to satisfy and entertain me.

In my area most who gamble were not reach but just hoping to get some luck and win some to  get rich. Many joins in lottery too. When rich gamble sometimes it’s just their hobby or for fun, but when poor gambles we really aim to win and make profit even it will mean greediness since no matter how poor it can be, we keep trying to gambling and win some even sells their property. Gambling is for everyone as long as you have money no matter how big or small amount it is.

[uneng]

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

Yes, only those who are rich can move large sums of money in gambling industry. These are the whales, the big bettors, the big winners and also the big losers who keep the whole ecosystem alive. And actually, gambling is the most efficient method to get money voluntarily from the riches to share with the society, what has a very different impact when compared to the inefficient governments who think it's a better idea to create extra taxes and fees to force riches to pay more to the society in counterpart for their personal financial success.

After all gambling has the same effect, but different from governments' measures, it works, because no one is being forced to anything.

[Oshosondy]

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.

Have you heard of a rich person that later become poor? Likely the person is gambling can be a reason but not all cases though.

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

Gambling is for people that can afford little amount they can afford to lose to gamble and have fun. In fact the rich are the ones that are not gambling, the people that are not rich are the ones that are gambling. The rich see it risky and avoid and depend on their main work.

Know that I did not include average people among the rich.

[Gozie51]

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.

Gambling is not only for the rich. In fact the people who don't give any concern on their gambling profit are not real gamblers because the purpose of gambling is to increase what you have.

I am far from being rich.

You do not wish negative to yourself my friend. You are feeding and having shelter over yourself and with good health so you are rich already if you keep working hard and reinvesting your money and you will get to the financial level that you want. Don't lose hope of being rich, where you have life then there is hope. Is only a dead person that has no hope.

[mindrust]

Definitely. I've been thinking about that also. The rich can afford to lose money. The poor can't. The poor needs to pay their bills, do their groceries, pay their rent... The rich don't even think about those. The funny thing is, the poor thinks he can become rich from gambling and in the end all gambling does is making him even poorer. It is quite hilarious when you think about it.

[acroman08]

You do not wish negative to yourself my friend. You are feeding and having shelter over yourself and with good health so you are rich already if you keep working hard and reinvesting your money and you will get to the financial level that you want. Don't lose hope of being rich, where you have life then there is hope. Is only a dead person that has no hope.

no negative thoughts here, I am just stating a fact. besides, I was talking about wealth and nothing else.

Definitely. I've been thinking about that also. The rich can afford to lose money. The poor can't. The poor needs to pay their bills, do their groceries, pay their rent... The rich don't even think about those. The funny thing is, the poor thinks he can become rich from gambling and in the end all gambling does is making him even poorer. It is quite hilarious when you think about it.

to be honest, it is quite sad(at least for me). a lot of people are too blinded on what they can win/get from gambling, resulting in them not noticing how much money they are actually losing than winning.

[xSkylarx]

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

I am far from being rich. just because someone has money they can afford to lose does not mean that they are rich. I for one have to save money so that I could gamble, though it is not a huge amount it is enough to satisfy and entertain me.

As previously said, you should have money set aside specifically for gambling purposes and that you are willing to lose. I agree that having enough money to lose doesn't necessarily imply that you are wealthy; rather, it simply indicates that you have the money to do so. However, if you have a significant amount of money, that is when you should be referred to as wealthy. I believe that those VIPs, as we refer to them, are wealthy individuals who can afford to do so.

[dunfida]

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 is for everybody and it is just rich people who do have more advantage compared to poor ones as always yet they do have finances to support up their gambling activity which if they lost then they could still

play since they do really have that finances on supporting it but as we all know that there's no such thing about unlimited bankroll no matter how rich you are but you  do lost big time every single day then dont get
surprised that you would really be sleeping on the streets.Gambling could make you poor in fastest time as possible if you do really let you addiction made you play everyday and losing up that much.
Whether you are rich or poor then having a good control towards gambling activity is necessary.

[Rruchi man]

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.

In small, you may feel the rich is not losing anything, but if you accumulate the amount from the losses he will have from ignoring the losses he makes regularly, you will know that the accumulated amount can pose a danger to his riches. We know to be rich, can be temporary if resources are not managed properly, so IMO, gambling is as dangerous to the rich as to the poor. The poor who can't afford to loose may stop, but the rich who thinks he can afford to loose is at the danger of poverty.