Do you gamble because you don't have sufficient money?

[Mr.suevie]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

The rich are rich usually because they are smart with finances and investments, not because they gamble and got lucky. They may partake in a casino trip here and there but they're not gambling millions of dollars a day. I don't know the percentages, but I think most people are gambling for entertainment regardless of their status in society.

That's very correct and I have seen several cases of people winning or getting lucky securing huge wins in their gambling act but many of them have failed to successfully maintain and remain in that status of wealth because like you said maybe they were not smart enough and failed to manage themselves properly. As for the act of gambling away millions, I think some rich folks are do that and the perfect example would be the famous basketball legend son(Micheal Jordan) who gamble aways lots of millions in just a night and drake the hip pop artist is another rich gambler prone to such habits

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[BitcoinPanther]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

How sure is your friend that these rich individual do not gamble?  Anyway, I believe there is no need to argue whether a person gamble because he is lacking.  People gamble because they wanted an entertainment, get huge winnings or win in order to get the amount he is missing.

All walks of life gamble and they have their own reason and one of that is the scenario stated by your friend.  But we also cannot deny the fact that even people with enough money gamble.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

It is obvious that there are more lower class that gambles than the higher class because they are more numerous in number.

[Cling18]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

How sure is your friend that these rich individual do not gamble?  Anyway, I believe there is no need to argue whether a person gamble because he is lacking.  People gamble because they wanted an entertainment, get huge winnings or win in order to get the amount he is missing.

All walks of life gamble and they have their own reason and one of that is the scenario stated by your friend.  But we also cannot deny the fact that even people with enough money gamble.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

It is obvious that there are more lower class that gambles than the higher class because they are more numerous in number.

People gamble regardless of their financial status but they have different purposes. Some gamblers only seek entertainment through gambling while others aim to win with the hope of having their lives change on it. We aren't sure that rich people do not gamble because gambling could easily be kept silently.
However, I still agree that some of the richest people aren't contented with their wealth just how huge and popular businessmen do but that doesn't mean that they only rely on gambling. We all see gambling in different ways and as long as we aren't relying our lives on it as well as our living, then we are seeing it the right way.

[Merit.s]

I presume that the rich loss more in gambling than the poor. The reason why we might not see rich people gambling openly is because as an average or poor man,there are places that we are limited to go. There are big land based casinos that are strictly for the rich and the casinos have hotels for gamblers to lodge so that they can have easy access to gamble for long. The statistics of the poor is higher than the rich,this is also another reason why you see more of poor people gambling. Take example of drake,how he spends money on gambling on stake. OP,should remember that rich includes not old and young people.

[macson]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

i don't agree with this person's view, how can a poor person gamble when he has difficulty making money for himself ^{(but mostly poor people play the lottery)}
the majority of gamblers are middle-class and upper-middle-class people, they make money already so the gambling activities they do are just for fun.  usually rich people gamble on games they like like cards or sports betting ^{(which don't rely purely on luck)}, it's rare to play slots because according to them, slots are just a game of chance and don't require good analytical skills, while the rich are trained to do that.

[darkangel11]

I presume that the rich loss more in gambling than the poor.

Of course. They also gamble more and they're often social gamblers, which means they don't do it to make money, but to kill time, interact with people, show off.
The person who argued with OP is wrong. People don't stop gambling when they have "enough money" because there's not even such a thing. You never have enough. You might think now that if you had a million dollars that would be enough for you, but then you'd want 2 and 10 and so on.

[Lida93]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

What do you expect in a world where the poor class are of the highest population if divided into three parts the number or percentage on each part still higher than that of the rich class. So no matter how many rich persons participating in gambling the number can't placidly be compared to a part of the poor class.

No man is ever sufficient of the amount of wealth they may possess if they're not gambling doesn't make them sufficient, both the rich and poor gamble it's the difference in the number of population to each class as we have in the society  that makes it seems like the poor gamble more than the rich based on how densely populated the poor class are.
Marina bay in Singapore is a good example of a casino resort mainly meant for the rich and wealthy class gamblers, if there are few rich gamblers such place would have stopped functioning due to low patronage.

[KTChampions]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think this question should be addressed to sociologists (what do people's opinions matter without concrete facts?), but even their research will be relevant only in relation to those countries and conditions in which they were carried out. Different countries have different cultures and laws, so the percentage of gamblers can vary greatly from this - for example, gambling can be severely prohibited in a country, but as we know, the elite always have access to forbidden pleasures, so there will be a completely different ratio than in those countries where gambling is available to everyone.

[Ondekinecakabilirim]

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think we should have statistical data in order to make a healthy comment on this subject. But I disagree with the main idea of the story. Because I'm just gambling for some dopamine. Because my work life is so stressful and the best thing to distract me is gambling. At the end of the day, whether I make money or lose while gambling, I am excited by gambling. I am reaching my goal. Of course, when I earn money, I am happier. But I never gamble just to make money. My first priority is to get some excitement and distraction.

[swogerino]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think this question should be addressed to sociologists (what do people's opinions matter without concrete facts?), but even their research will be relevant only in relation to those countries and conditions in which they were carried out. Different countries have different cultures and laws, so the percentage of gamblers can vary greatly from this - for example, gambling can be severely prohibited in a country, but as we know, the elite always have access to forbidden pleasures, so there will be a completely different ratio than in those countries where gambling is available to everyone.

I think and in fact I am quite sure of this now as I am a member of many gambling websites and I have seen that people from different countries and even different continents have the same greed,passion and desire for money so I doubt it is based on countries.Those surveys that they show us like for example Australia to have the highest number of gamblers and Italy to be in top 10 there is completely wrong,I have friends from Brazil which I never thought was a country where you could find many gamblers yet they are crazy gamblers in the true meaning of world crazy,they spend huge amounts in gambling.

[DoublerHunter]

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I think we should have statistical data in order to make a healthy comment on this subject. But I disagree with the main idea of the story. Because I'm just gambling for some dopamine. Because my work life is so stressful and the best thing to distract me is gambling. At the end of the day, whether I make money or lose while gambling, I am excited by gambling. I am reaching my goal. Of course, when I earn money, I am happier. But I never gamble just to make money. My first priority is to get some excitement and distraction.

^It seems like we are the same purpose for gambling, to relieve stress after a whole day of work.
I saw somewhere else but I don't remember that statistics do show that gambling participation rates probably be higher among lower-income groups, but this does not necessarily mean that the poor always lose more money than the rich. It simply reflects a higher representation of the population in that income bracket participating in gambling activities because others may prefer to keep their gambling activities private, and they may choose to gamble at various venues, including online platforms.  So it is hard to determine.

[Dzwaafu11]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling.

I believe the person you're arguing with doesn't understand gambling, or maybe he gambles in an area where many poor or professional gamblers gamble, and he notices that most of them are doing it for financial gain. As a result, he assumes that someone who gambles because they lack the resources to meet their needs is also doing it for financial gain. If not, how will he claim that most gamblers are doing it for financial gain?

However, many wealthy people gamble. These people don't gamble to gain money; instead, they gamble because they like it and find it to be a source of joy. This is surprising given how much money gambling may actually generate that someone would need to rely on. If the man believes that, I doubt that such a person will ever meet up because, if you gamble, you must lose a lot of money before you even earn tiny change; how then will people who, in his opinion, do it for money be able to meet up?

[rahmad2nd]

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

To be honest, i don't have any percentage data related to what you said. in fact, it is very likely that what I say is true. why, because we cannot give an assessment that is not an area that we know about. however, based on my perspective and to the best of my knowledge. that most rich people just play for fun, even though in reality they lose big at the stake. they don't need to worry, because the money they have meets all their basic needs.

the difference is with middle and lower class gamblers, not infrequently they bet involving money that is supposed to be for their needs. in fact, some others are willing to reduce their basic needs. assuming, hoping to win big wins from the bets they make. In general, gamblers of this type are gamblers who like this type of lottery bet. it could be, what you say about percentages, is most likely close to the truth. However, that doesn't mean it's completely true. because in most cases, addiction knows neither the rich nor the poor.

[Casdinyard]

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

To be honest, i don't have any percentage data related to what you said. in fact, it is very likely that what I say is true. why, because we cannot give an assessment that is not an area that we know about. however, based on my perspective and to the best of my knowledge. that most rich people just play for fun, even though in reality they lose big at the stake. they don't need to worry, because the money they have meets all their basic needs.

the difference is with middle and lower class gamblers, not infrequently they bet involving money that is supposed to be for their needs. in fact, some others are willing to reduce their basic needs. assuming, hoping to win big wins from the bets they make. In general, gamblers of this type are gamblers who like this type of lottery bet. it could be, what you say about percentages, is most likely close to the truth. However, that doesn't mean it's completely true. because in most cases, addiction knows neither the rich nor the poor.

I mean that's the basic gist of it anyway. The poor gamble because they feel like they need to, the rich gamble because they can. Plus as I said in a previous comment I made that certain gambling forms like sweepstakes and lotteries are literal money traps that are made to lure poor unwitting people into playing, they paint the picture of a better life if you win the game and claim the jackpot, but we all know that's far from happening considering the whole system's rigged against the player. Still, since these poor people, most of the time uneducated and desperate to get their big break in life, fall victim to these traps where they constantly spend money, some of them even dedicating a portion of their salary to pay for tickets and shit. Can we do something about it? No, not really.

[romero121]

I'm not sure on what percentage of rich, poor and the middle class is spending on gambling. From my personal experiences I used to spend whenever there is some need of money. Later I used to feel bad for what I've did. I used to wager and try to multiply the wallet balance, so that I can have the capital in the wallet and use the winning. In reality this is completely wrong and end up losing everything. This mindset can be seen mostly with the people in need and not with the rich ones who's choice of gambling is for fun and excitement.

[kamvreto]

Yeah thats true you cant actually the eveluate the correct data but I would like to presume that both parties are multiple in number when it comes to this gambling habit. But rich people something actually feel bored and think to play with their cash and so gamble it all away just to entertainment themselves but even as they do this gamble the winning mentality still roles in their head because no one actually plays gamble with acquiring loss as a first intention.

Its the confirmation to the question whether users gamble because they have sufficient funds. They gamble because they have money if not then they toil harder to make money. People who work hard to earn some money don't risk the hard earned money and if they do, it will be very limited. Their money is already intended to their family. However people are always tell themselves to make money work for them, funny its misunderstood that way which the lower class gambles like there is no tomorrow.

Very limited and there will be a special allocation for gambling, so they will not exceed the allocation limit. I've said before that gambling is only part of entertainment, but for those in the lower classes sometimes look to gambling as a place to make a lot of money, even though they spend their money on gambling. When gambling is always used as a big hope, then they will not be able to escape and will become addicts even though their economic situation is bad.

[serjent05]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

i don't agree with this person's view, how can a poor person gamble when he has difficulty making money for himself ^{(but mostly poor people play the lottery)}

I have seen people that has difficulty putting food on their table gamble.  they don't gamble in a casino but they do gamble among themselves in hopes that they will win and have enough money to buy food for their family.  If they lose then they just borrow from the store and pay it when they got their salary or when they earn from their work.  So what OP stated is correct.  People gambling because they intend to win money to have enough fund for their monthly budget.  Sounds absurd but it do happen.

[n0ne]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

i don't agree with this person's view, how can a poor person gamble when he has difficulty making money for himself ^{(but mostly poor people play the lottery)}

I have seen people that has difficulty putting food on their table gamble.  they don't gamble in a casino but they do gamble among themselves in hopes that they will win and have enough money to buy food for their family.  If they lose then they just borrow from the store and pay it when they got their salary or when they earn from their work.  So what OP stated is correct.  People gambling because they intend to win money to have enough fund for their monthly budget.  Sounds absurd but it do happen.

This is the reality. Poor people doesn't have the mind to think of gambling and all. Theu will be running behind the available jobs to make their day's food available on the table. Right now the scenario is even worse that the food shortage and the food inflation is at its peak. Probably the middle class can be seen much into gambling, because they've got their basic needs fulfilled and they're in the urge to reach the next level of life in terms of comfort and sophistication.

[TelolettOm]

-snip- is the percentage of the rich gambling lower than the middle and lower class?

We don't know about the percentage, but even rich people probably gamble, too.
There are many reasons why people gamble, it is not only about expecting to earn money. Some people gamble for fun (entertainment purpose), some gamble to spend their spare time, and others probably gamble to win the jackpot. Middle and low class people may gamble for money, they want to try their luck to earn money. While rich people are likely to gamble for entertainment or spending spare time. So, based on these possible reasons, any level of people can have a chance to gamble. Gambling isn't for middle and low class people only, it is also for rich people as well.

[Chikito]

He said if you have sufficient money to take care of your needs that you won't think of gambling.

There are some people who consider gambling as a hobby including poor people. I think it could be like your friend said but it's not so many. So when we compare it with the percentage it could be fifty-fifty, it depends where they live. if a country legalizes gambling, it could be more, because the middle and lower class will try to match their need with the high class. So far developed countries almost legalize gambling, so the middle and lower class will be much higher than the high class to play gambling when I compare in what the middle and lower class need.