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

[Casdinyard]

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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.

If I may assume, I do not agree to generalize that poor people feel the need to gamble, I think all factors are affected by the environment. not all poor people like to gamble, only some of them hope to win a victory from their gambling session. in a sense, getting rich in one night. and the only type of gambling that makes someone a millionaire, is lottery gambling. Lots of gamblers hope to get the jackpot from the lottery. even if it has to be percentaged, the probability of winning is very slim. only lucky people once in a lifetime win the jackpot from lottery gambling. but make no mistake, if there are some rich people who also like this type of lottery gambling.

btw, I'm intrigued by one point you said, "the whole system is rigged" I don't know how you knew that was the case. for an illegal casino, it is highly likely that cheating could occur. but for reputable casinos, which have a credible reputation. less likely, if they commit fraud. logically, they don't want the reputation that they have pioneered to be destroyed immediately because the casino is suspected of cheating.

For the rich, yes it is true they gamble because they can afford it. yet it makes no difference to the casual gambler and even the poor gambler, that they are potentially addicted. the difference is, they have a source of funds even though some of them have gone bankrupt because of their gambling. it could also be, they are just gambling for fun, after going through a series of busyness in their business.
anyway, for the most part we agree with what you said even though not completely.

Not my intention to hastily generalize a specific group of people over a discussion on why poor people gamble, I'm just saying that those poor people who gamble, do so because they feel like they need to in order to win and make ends meet. I should've made it a lot clearer which is an honest mistake on my part. I don't agree that all poor people gamble, most of them don't have the capabilities anyway and the others that do, are either aware of the nitty-gritty behind the gambling industry, or are just not interested with it.

As for my "the whole system is rigged" cabash, it's not just about getting licensed or operating under legal jurisdiction. It's just that casinos literally rigged the system in their favor. Fun fact: we have been gambling for thousands of years but casinos didn't came to be until around 1638 or 1618 if I'm not mistaken. Back then people gamble with each other with no mediator, so one guy wins and another loses, casinos came in and change the whole game by introducing more features and less transactions with other players, not to mention house advantage.

So now instead of another person earning your pot when you lose on a gamble, it's the casino that's taking it, and at the same time, the house edge literally puts them at a priority higher than the player which if is not "rigging the system" then I don't know anymore.

I'm not saying this to throw shade at casinos or gambling sites cause heck I'm playing on these casinos too, but I'm driving the point of why poor people shouldn't gamble, and why rich people gamble. The poor gamble even if they couldn't because they believe it as a way for them to get that big break they're looking for all their lives, the rich knew that the system is rigged but plays anyway cause there's thrill in beating a system that's stacked against you.

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[n0ne]

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

[Betwrong]

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

Most likely they do. But if a millionaire loses $10k to gambling it is not as painful to him as for a poor man to lose $100. And this is very important to understand. Rich or poor, you should only stake what you can afford to lose. I hope some poor people who want to get rich through gambling read my post and drop the idea. Buy a $2 lottery ticket if you want to have that hope in your heart, but don't put dozens of USD at risk.

[BitcoinPanther]

The rich man does not rely in gambling there are still other sources that become his income, he knows how to earn money healthily without gambling games, but that's most of the rich people prefer on their business/investment to generate not from gambling.

But this rich man shouldn't be too confident because in one wrong move he can become addicted and ruin his business finances.  We have read and watch documentaries of rich people get poor because of gambling addiction, even selling their family just to continue gambling in earlier years when human trafficking and slave isn't that of an issue.

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

Most likely they do. But if a millionaire loses $10k to gambling it is not as painful to him as for a poor man to lose $100. And this is very important to understand. Rich or poor, you should only stake what you can afford to lose. I hope some poor people who want to get rich through gambling read my post and drop the idea. Buy a $2 lottery ticket if you want to have that hope in your heart, but don't put dozens of USD at risk.

True that since $10k  for a wealthy man is just a penny while $100  for a poor person means everything.  I would also go with your advice that as a gambler no matter what is our financial status, must gamble responsibly and must always know the limit or boundaries of what we can afford to lose.

[noormcs5]

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?

First of all, we need money to gamble. So if a person is very poor or he does not have spare funds to gamble, then he can't gamble.
For those who can afford to gamble their motive is to increase their wealth without doing any hard work. The thought process is the same for the middle class or the rich gamblers. Both of them want to increase their wealth.

There may be exceptions with some of the very rich gamblers, they may gamble only for fun and not worried about losing the money.

[shogun47]

An interesting turn in all of this is that some people who became rich through gambling also became poor again through gambling. The story of these professional gamblers becoming rich was often sold to the public as if you put enough effort into it, you can become rich playing poker for example. But the reality is that some of those poker superstars who had been said to have become rich playing poker went broke later on. Is it because they had the tendency to risk too much from the beginning but gut lucky for quite some time? Or maybe there was a lot of manipulation involved and specifically in online games the tables were rigged in favor of some celebrities.

Actually it's not common to all,it happen to the person who ready to spend entire things in gambling.Which he get from the gambling,it's not the correct approach.You should use the money you get from gambling into the trading.Because,when you play the gambling with the positive emotion,you will deposit the high amount to the casino website.You also do the high bet,when you win huge amount in the previous bet.The poker itself enough to the person to win huge amount in the short period.But play the minimum amount of poker to avoid of loss.The worst move done by the gambler is,they will repeat the same game many time.If they gt huge amount of winning money from the certain game.This must be avoided by the gambler to avoid of big loss.   

It depends, it can also happen to people who happen to be very lucky for quite a long time, which makes them think that they actually have a skill that is superior compared to others. Once the losing streak begins, they repeatedly doubt the losing streak can keep going for long as they have first learned because of wrong impressions that they are in control of the game. In poker that happened because the environment changed a lot over time when more people got to know the basics and could also use bots in online poker.

But what do you think if someone earned 10 million with gambling and then loses 5 million, it would still be smart to stop right there, but again what do you think how many stop gambling then? I think it's not many.

[Gozie51]

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?

First of all, we need money to gamble.

That is the essence of the question. Yes money is used to gamble and like you rightly said we need money to gamble, that means if you don't have money to gamble then you wouldn't, so do you gamble because you want to have money ? Because some people gamble as a reason to have money. Such people gamble as a source of income, they belong to a certain class of people with the mindset of grabbing wealth from gambling. They don't have wealth and they believe to make it through gambling.

[bangjoe]

But what do you think if someone earned 10 million with gambling and then loses 5 million, it would still be smart to stop right there, but again what do you think how many stop gambling then? I think it's not many.

Most of them returned to gambling to get more, because he had gotten and felt that gambling could give it a large amount of money, and yes the mindset would be the reason why gambling for him was worthy as a place to earn income.

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?

First of all, we need money to gamble.

That is the essence of the question. Yes money is used to gamble and like you rightly said we need money to gamble, that means if you don't have money to gamble then you wouldn't, so do you gamble because you want to have money ? Because some people gamble as a reason to have money. Such people gamble as a source of income, they belong to a certain class of people with the mindset of grabbing wealth from gambling. They don't have wealth and they believe to make it through gambling.

More precisely maybe he wants to make money the easiest way, namely by gambling, because gambling is easier to do and the victory offered gets a huge profit even with a small modal, thus encouraging it to do gambling and make money from it.

[GigaBit]

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

Exactly, how many people would be gambling if there was no money involved in gambling. Of course, no one could be found. No matter how much we say we accept gambling as a fan, but the reality is that if there was no money, there would be no fun. Many of us often recommend the use of Gambling's demo account to teach new gamblers how to gamble. But it can be seen that no one is encouraged to gamble because there is no gain or loss even if you lose much money as you like. If there was any real money related issue, it would have been used. Whether a person has enough money or not, those who like gambling will gamble. There are so many gamblers who have lot of money but they like to gamble because there is a matter of money involved.

[klidex]

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

Exactly, how many people would be gambling if there was no money involved in gambling. Of course, no one could be found. No matter how much we say we accept gambling as a fan, but the reality is that if there was no money, there would be no fun. Many of us often recommend the use of Gambling's demo account to teach new gamblers how to gamble. But it can be seen that no one is encouraged to gamble because there is no gain or loss even if you lose much money as you like. If there was any real money related issue, it would have been used. Whether a person has enough money or not, those who like gambling will gamble. There are so many gamblers who have lot of money but they like to gamble because there is a matter of money involved.

Someone who is rich has a lot of money gambling for fun and someone who has only a little money they gamble for more money, that is simple.
Most of the people in their gambling certainly think of gambling as fun about getting big multipliers or doubling the money but in reality not all gamblers think about money but also just to have fun.
But if it's just for fun using demo mode it's actually better but the dissatisfaction of using demo money is not like using real money so they prefer to use real money to entertain themselves.
From this story I remember something my friend did he was not rich and didn't have so much money but he said he gambled for fun but in reality he said honestly if he actually wanted more money from gambling so I conclude that sometimes people say have fun in gambling only cover shame and they gamble only to get money

[Blitzboy]

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

Exactly, how many people would be gambling if there was no money involved in gambling. Of course, no one could be found. No matter how much we say we accept gambling as a fan, but the reality is that if there was no money, there would be no fun. Many of us often recommend the use of Gambling's demo account to teach new gamblers how to gamble. But it can be seen that no one is encouraged to gamble because there is no gain or loss even if you lose much money as you like. If there was any real money related issue, it would have been used. Whether a person has enough money or not, those who like gambling will gamble. There are so many gamblers who have lot of money but they like to gamble because there is a matter of money involved.

Take away the potential for profit and gambling would lose its charm; it would be no more than a hollow pastime.

Yet, isnt this true for all risk-taking activities? Humans are wired to seek rewards and avoid losses, and its this very instinct that fuels our appetite for risk. Gambling simply presents a more direct and immediate way to satisfy this instinct.

And yes, demo accounts may seem unexciting due to the absence of real money. But lets not forget their true purpose: to serve as a safe and risk-free training ground for newcomers. Gambling with actual money without proper training is akin to diving head-first into a pool without knowing how to swim; the outcome is predictable.

[Josefjix]

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

We all have our targets, reasons why we wager on game. Everyone has a unique justification for gambling; I have a distinctive theory and ambition in gambling; there are several advantages I would like to get from gambling; it is usually done incrementally before tasks are completed gradually. If the right risks are not calculated, the gambling system can generate tremendous profits while simultaneously draining our accounts. Most people do not consider gambling to be a recreational activity; rather, they concentrate their efforts in order to get outcomes that are beneficial.

[xSkylarx]

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

Only a few, as we know, really want gambling because of money, but still, those who play will be the ones who really have fun with it, like playing games on your phone. There will be excitement and thrills without money, but again, only a few will play because most of their purpose is to gain money and get lucky enough to change their lives if they win big. Also, I've noticed that poor people bet more on less expensive things like the lottery to have a chance to win big.

[Gozie51]

That is the essence of the question. Yes money is used to gamble and like you rightly said we need money to gamble, that means if you don't have money to gamble then you wouldn't, so do you gamble because you want to have money ? Because some people gamble as a reason to have money. Such people gamble as a source of income, they belong to a certain class of people with the mindset of grabbing wealth from gambling. They don't have wealth and they believe to make it through gambling.

More precisely maybe he wants to make money the easiest way, namely by gambling, because gambling is easier to do and the victory offered gets a huge profit even with a small modal, thus encouraging it to do gambling and make money from it.

You think gambling is easy to make money from? I don't think that way myself. The profit that is offered is the potential profit if you win. I know that people win in gambling but the percentage of the people who lose is more than those winning. You can know this from the little knowledge of people in your environment. If you rely on gambling to make your living, you may not get that absolutely, using small money to aim for big profit isn't realistic in a consistent way.

[dezoel]

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

Most likely they do. But if a millionaire loses $10k to gambling it is not as painful to him as for a poor man to lose $100. And this is very important to understand. Rich or poor, you should only stake what you can afford to lose. I hope some poor people who want to get rich through gambling read my post and drop the idea. Buy a $2 lottery ticket if you want to have that hope in your heart, but don't put dozens of USD at risk.

I don't think it's like that, Rich people also lose a lot of money, I assume they use $10k as their base bet most of the time, and I also think that there are rich gambling addicts too who don't stop gambling at all and lose a lot of their wealth in it. We've always heard of stories where rich people gambled away everything they had, including their home and every other property, and now they have nowhere to go, so it happens with the rich too but it depends on their situation and condition.

However, that doesn't mean that a poor person should gamble to earn money, gambling is not a way to earn money at all. Most rich people gamble only to have fun, they might get addicted to it but that is not because they are chasing money through it but because they just gamble a lot.

[Gozie51]

However, that doesn't mean that a poor person should gamble to earn money, gambling is not a way to earn money at all. Most rich people gamble only to have fun, they might get addicted to it but that is not because they are chasing money through it but because they just gamble a lot.

IMO I think if you gamble alot the purpose may not be for just fun but for the purpose of multiplier. On the other side, if you are doing it for fun then you will be more relaxed and not gamble alot. People who do gamble for fun would do that for the enjoyment it gives them but they won't do that always that is the simple truth about it. Those who are wealth might do one or two gambling on their football ball teams with friends when they are on a drink but they won't allow that to be a daily phenomenon, those who gamble alot IMO are doing that for the purpose of multiplier effect.

[ethereumhunter]

Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.

We all have our targets, reasons why we wager on game. Everyone has a unique justification for gambling; I have a distinctive theory and ambition in gambling; there are several advantages I would like to get from gambling; it is usually done incrementally before tasks are completed gradually. If the right risks are not calculated, the gambling system can generate tremendous profits while simultaneously draining our accounts. Most people do not consider gambling to be a recreational activity; rather, they concentrate their efforts in order to get outcomes that are beneficial.

As long as your target is not to reach a certain number of wins, you are still fine and can gamble whenever you want. But most gamblers have a target number of wins so they will try to achieve it. They know it's not easy, but they still try it in the hope that that target will be achieved after playing a few more times. But if we don't have money and want to make money from gambling, that won't be good for us because instead of making money, we can lose money and even spend all the money we have. So don't overdo it in setting limits so we don't have trouble achieving them.

[Doan9269]

We all might have been in need of money in one way or the other that pushed us towards seeking for more secured means to see that we are better with life challenges and the next we could thought of was to use gambling as a quick means of getting the financial opportunity needed to meet up with our needs, we may sometimes end up getting some money and may not in some cases, but all we needed is to see that our motives arrived at a good destination by seeking financial assistance through gambling as the last resulted remedy to get money from.

[Apocollapse]

We all might have been in need of money in one way or the other that pushed us towards seeking for more secured means to see that we are better with life challenges and the next we could thought of was to use gambling as a quick means of getting the financial opportunity needed to meet up with our needs, we may sometimes end up getting some money and may not in some cases, but all we needed is to see that our motives arrived at a good destination by seeking financial assistance through gambling as the last resulted remedy to get money from.

That's the first step to become a gambling addict because you're looking to make money through gambling when you don't have sufficient money. Maybe that money should be used for the next 2 weeks to feed your family, but since you think you can make more money, you're take the risk and very optimism you will not lose. But after 1-2 hours, you're lose all of your money and you're don't know how to recover your money when you're need that money for the next 2 weeks.

[AicecreaME]

That's the first step to become a gambling addict because you're looking to make money through gambling when you don't have sufficient money. Maybe that money should be used for the next 2 weeks to feed your family, but since you think you can make more money, you're take the risk and very optimism you will not lose. But after 1-2 hours, you're lose all of your money and you're don't know how to recover your money when you're need that money for the next 2 weeks.

The moment a person gamble without enough money is a sign of irresponsibility. Disciplined people will not risk the money they currently have that's just exact for their necessities and the money they don't have to begin with. They won't bother loaning because they have set their priorities straight in order to avoid unnecessary troubles that may arise in the future for mismanagement of funds. There's a long list of consequences waiting to happen to those impulsive and irrational gamblers such as having financial crisis, being overly stressed, and falling into addiction. And those are just a few of the ticking bombs the time they decide to be greedy and follow what they want and not what's needed.