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

[Negotiation]

Rich people are often addicted to gambling to pass the time, but many rich people including themselves in gambling either because of their addiction or to earn more money. But it may be different for poor and middle class people. They usually spend most of their time gambling to get rich or because of excessive greed. But there could be many reasons why middle class and poor people gamble more than rich people, but the most common reason is that middle class and poor people are more greedy and spend more time gambling to get rich and earn extra money.

There's numerous reasons why individuals indulges in gambling, there are varieties of reasons to be given. Rich influential individuals often engaged in gambling activities, they triggered good options and see gambling as an recreational activities to passed their free time. It's very important to differentiate between gambling for fun and taking it as a means of survival. While the middle class or lower keeps searching for incomes from gambling, I find it to be ridiculous because gambling profits is not steady and not reliable, we counts losses and profits from the space daily.

I agree with you on lower middle class it is foolish to look for income from gambling because no one can say the exact source of income from gambling it usually depends on luck. There is no problem with the rich because they have a lot of wealth. Even if they lose gambling, their regret is less. But it is bad for the lower class as once the loss is not recovered. When a gambler participates in regular gambling, in most cases it becomes an addiction and the incentive to try to recover the lost money when they lose and earn more money when they win puts them further into losses and this cycle has no end. This is why there is a huge difference between the rich and the poor when it comes to gambling.

[bangjoe]

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.

That's the way they think about gambling, and Apanila has gained a big victory they enter the phase that they have confidence that gambling can give a victory that can be made as a place to pit luck, but they do it massively so that it triggers addiction and loss a lot of money, I have you Thinking the same as you that it's not easy.

Yes, it's not realistic and however you play it is not an ethical thing to make a living in gambling, whether using small money or large money is not a place where you can get a consistent income from it.

[RockBell]

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.

That's the point, money makes it interesting, and there is a potential win which could actually be a very huge amount like you said if not for the win am very sure that a lot of people will not be involved in gambling and people have seen gambling has a very big opportunity to make free money, I know people get lucky when gambling but majority become addicts out of greed, I wonder why you gamble with a little amount of money to win a big bag and that is the perception that the industry is using and is good business, reducing greed can make you have constant wins, and like  I said I noticed something about the rich they gamble to discuss business with there fellow businessmen in casinos at least that makes it interesting.

[legendbtc]

Sometimes I gamble because I have too little capital. I can't do what I want with that capital. Only gambling can make us double our money very quickly, even if it will multiply many times in a very short time. And I see gambling again. I have understood this game of chance too well. The nature of this game is not good. But sometimes, our lives stand at a standstill, and we should bet on luck. The important thing is that we must be very focused and alert. Don't get caught up in this game of chance. Otherwise, you will regret it.

[CarnagexD]

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.

That's the point, money makes it interesting, and there is a potential win which could actually be a very huge amount like you said if not for the win am very sure that a lot of people will not be involved in gambling and people have seen gambling has a very big opportunity to make free money, I know people get lucky when gambling but majority become addicts out of greed, I wonder why you gamble with a little amount of money to win a big bag and that is the perception that the industry is using and is good business, reducing greed can make you have constant wins, and like  I said I noticed something about the rich they gamble to discuss business with there fellow businessmen in casinos at least that makes it interesting.

Not only that, it is the spontaneity of the outcome which makes it addictive and interesting. One good bet, is you make a big win like 10x of your original risk. However, it is not every time you have a big win. Sometimes it is small, often it is negative or turns out a loss. It is people who chase the win that makes them addicted to the casino. Maybe on their next bet they will win, and then another, and another, and another, until they realize they have already loss their savings. It starts from entertainment, then to want to make money, greed, and then addiction.

[slapper]

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.

That's the point, money makes it interesting, and there is a potential win which could actually be a very huge amount like you said if not for the win am very sure that a lot of people will not be involved in gambling and people have seen gambling has a very big opportunity to make free money, I know people get lucky when gambling but majority become addicts out of greed, I wonder why you gamble with a little amount of money to win a big bag and that is the perception that the industry is using and is good business, reducing greed can make you have constant wins, and like  I said I noticed something about the rich they gamble to discuss business with there fellow businessmen in casinos at least that makes it interesting.

If the promise of a "big win" is so enticing, then why don't more people put money into new businesses or VC firms? Identical chance, identical enormous reward, right?

The promise of a windfall is a major contributor to the development of compulsive gambling. It's a rut that's tough to get out of. But isn't greed a part of human nature? It's not only a gambling problem; it's a people problem

The idea that wealthy businessmen gamble as a form of entertainment is fascinating. Not all affluent people, nevertheless, play at gambling establishments. Numerous people avoid taking chances and instead put their money into tried-and-true long-term investments

[Jossque]

It should not be forgotten that people who have no monetary problems and those who do can also be addicted to gambling. You can see this as a matter of taste. Some people play to add more money to their money because of greed, but it is not possible to keep the generality of people with these people. There are some people who start with 100 dollars and when he makes 1000 dollars, it is a big win for him, but if we look at it the other way, when a millionaire with 1 million dollars makes 4-5 million dollars with betting, it may not be a big win in our eyes, but it may not be very important for him when we look at it.
The gambling rate of the rich may be lower, but this does not mean that the rich are more upset than us when they lose. They have certain investment tools and as long as they have these plans, I think they will not want to get involved in gambling as it will be less risky for them to add more money to their money. But I think every rich person gambles a little bit as a pleasure.

[Issa56]

Sometimes I gamble because I have too little capital. I can't do what I want with that capital. Only gambling can make us double our money very quickly, even if it will multiply many times in a very short time.

Waw… but how sure are you that you will be able to double or multiple the amount you are intending to gamble with? We all know gambling is luck, even people that call themselves a professional gambler’s do lose, so how sure are you that if you gamble with the little capital you are having you won’t end up losing everything to gambling again. Lots of people with similar mindset like you have lost lots of money in gambling, because they believe they can multiply their money within a short period of time.

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.

People are never satisfied with their win in gambling, the more they keep on winning, the more they will keep on increasing the amount they are gambling, which they don’t know they are already stepping into a trap, some of them are never satisfied with their win that’s why they ended up losing everything they have won again.

[shogun47]

Giving OP's initial question a little twist could be that we want to know whether some people deem gambling a source of income. But then the question is whether there is a game (that is not rigged and that you can't illegally) exploit that gives you positive returns over a long period of time in a sustainable manner. I don't know whether there is such a game. I like sports betting and when someone tells me that they earn their monthly income from sports betting, I don't really believe that when we talk about existential money. Not about people who can afford to gamble, meaning that they can lose and can still live their normal life. Does anyone know of gambling variations that can consistently bring positive results on a statistically significant level assuming that the players plays the game forever and with more or less the same stakes?

[Slow death]

Waw… but how sure are you that you will be able to double or multiple the amount you are intending to gamble with? We all know gambling is luck, even people that call themselves a professional gambler’s do lose, so how sure are you that if you gamble with the little capital you are having you won’t end up losing everything to gambling again. Lots of people with similar mindset like you have lost lots of money in gambling, because they believe they can multiply their money within a short period of time.

no one is sure what has been happening (at least what I have seen) and that people are focused on dominating certain leagues, they are focused on getting to know each player of the teams in that league in depth, so these people choose to keep collecting money to post it in all of each round of that league, and see that it's not just something like if there will only be 11 games in that round then they will only make 11 bets, no. they manage to place a lot of bets in each game, they bet on the market for over and under goals and cards. they also bet on the Asian market, they also bet on the winner. so at the end of the day, with 11 games they manage to bet on all of them and are left with more than 30 bets, because in sports betting some people have already noticed that those who manage to hit the highest number of games profit, so betting on many games and the market is a good advantage

People are never satisfied with their win in gambling, the more they keep on winning, the more they will keep on increasing the amount they are gambling, which they don’t know they are already stepping into a trap, some of them are never satisfied with their win that’s why they ended up losing everything they have won again.

actually it is not a question of being satisfied with the victory or not, think about the following: a person starts playing to have fun and make a profit, then that person manages to be lucky to win a lot, with that that person will not stop playing because he likes to gamble, so he will take the money he has won and keep playing until he loses everything, now if the person was playing with the objective of winning a lot and then stopped playing forever then that person would profit, but he should never play again not even for fun. and there are few cases where someone won a lot and stopped playing forever

[LDL]

There is no problem in gambling if there is a very small amount of capital but those who do not have any capital are also involved in gambling by borrowing money from banks or other sources. The biggest problem in this case is that when he loses in gambling, he will face many problems including zero capital. Since he has taken a loan from the bank or any other source at a high rate of interest, he has to resort to some other means to repay the loan which will not be easy for him at all. Thus gambling is a severe curse for those who lose capital in gambling and become bankrupt. So if you don't have the capital, you should never indulge in gambling by taking a loan from the bank or any other source.

[ethereumhunter]

There is no problem in gambling if there is a very small amount of capital but those who do not have any capital are also involved in gambling by borrowing money from banks or other sources. The biggest problem in this case is that when he loses in gambling, he will face many problems including zero capital. Since he has taken a loan from the bank or any other source at a high rate of interest, he has to resort to some other means to repay the loan which will not be easy for him at all. Thus gambling is a severe curse for those who lose capital in gambling and become bankrupt. So if you don't have the capital, you should never indulge in gambling by taking a loan from the bank or any other source.

We recommend that those who do not have capital do not get involved in gambling, let alone borrow money from banks or other sources because that will make it difficult for them to return the loan money. It is better for them to find a source of income first to fulfil their needs than to gamble. There is no guarantee that they will win, let alone use borrowed money, but they may have a higher percentage of losing than winning. So if you borrow money, make sure you can afford it and you shouldn't use that money to gamble.

[OgNasty]

When you walk around a casino, they aren’t populated with people who don’t have sufficient money. They are usually populated by people who go there to burn money. You typically see retirees with more retirement income than they know how to spend. You have celebrities and people on vacation looking for a good time. Gambling is entertainment after all and that usually has a cost.

[TopTort777]

When you walk around a casino, they aren’t populated with people who don’t have sufficient money. They are usually populated by people who go there to burn money. You typically see retirees with more retirement income than they know how to spend. You have celebrities and people on vacation looking for a good time. Gambling is entertainment after all and that usually has a cost.

To bad people dont realize that gambling is entertainment, but give birth here to topic such as gambling and earning, would I get X bucks daily and etc Gambling when a person in short of money, or wants to fix his financial problems with gambling is the stupidest thing in the world. Only in movies people succeed in gambling, and only individuals  among million succeed irl. If a person dont have sufficient money, he would better work more effective or find a side job, instead of testing luck in gambling.

[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.

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.

And I'm not arguing with that. Some rich people do lose a lot of money, and they can't afford that either. There are gambling addicts among them, no doubt about that. I just wanted to draw attention to this dangerous way of thinking: "Today I lost $1k, but there are a lot of people among the high rollers who lost about the same amount. So, no big deal, right". It is a big deal for you, mate, f you are not a millionaire.

[bettercrypto]

I think there are more people in the lower class and middle class compared to the really rich, because most of the people in the lower class are unemployed, and the majority of them also rely on easy and quick earnings and what they think of this card is gambling.

and those in the middle class also follow that somehow, because most of the rich people value money and to maintain it they build more businesses that can produce money.

[leonair]

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?

When a person from a poor or middle-class family gambles, their motive must be to make an income.  But many people who have enough money gamble only for fun. But rich or poor, when someone wins gambling, he enjoys it a lot. But it is true that 95% of people gamble only for earning.  And those whose aim is to earn, lose a lot through gambling. Because people from poor and middle class families think that they can win big by gambling but it is always the opposite.

[LUCKMCFLY]

I think about this the following, a person who enters the casino and with little or no money is totally irresponsible, you cannot get involved in any other way if you have almost no money, at least you have to allocate a part of our money that is not so representative for a casino, because in a casino it is easier to lose the money that is deposited than the money that can be won, and it is not because I am a negative person, but rather that you have to be quite realistic with things, as players we are thinking people, if we have enough money to afford to play in a casino for "fun" it is ideal, otherwise if we do not have money and risk it in a casino, that is one of the most irresponsible acts that can be seen.

I know that each person is the owner of their actions and obviously is the owner of their money and that is something that we cannot deny, but we can advise, if a person who has almost no money and goes to a casino thinking that he can multiply his money, I would tell him not to do it, because that money that he wants to multiply if it depends on spending for a basic need should not be done, also in a casino you do not win everything, there it is easier to lose than to win.

I am very sure that the one who does that is not doing it well, because they play with stress, with fear and these two feelings sometimes, or stop betting well, or think clearly, it is very difficult to think with stress and fear what to think clearly without fear of losing the money destined to lose.

People who have very little money for anything, just to cover their basic needs should not think about playing in a casino, because if apart from everything they are quite new, in the game it can create a particularity, they may like it a lot, they will let yourself be carried away by emotions, enter a cycle where you want to win and you know that if you put in more money you can earn double what you have lost and that can become a double-edged sword and you lose everything, that is what you should avoid at all costs.

[Betwrong]

I think there are more people in the lower class and middle class compared to the really rich, because most of the people in the lower class are unemployed, and the majority of them also rely on easy and quick earnings and what they think of this card is gambling.

and those in the middle class also follow that somehow, because most of the rich people value money and to maintain it they build more businesses that can produce money.

Being in the lower class and hoping to win big one day is totally normal in my opinion. Some people can't live happily without that hope. And, in the lower class or not, you have the right to be happy. To satisfy that need you don't have to risk a lot of money. Buy a dollar lottery ticket once per month and hope for the best. But don't play in casinos thinking that a "winning strategy" will make you rich. Definitely don't rely on that.

[swogerino]

I think there are more people in the lower class and middle class compared to the really rich, because most of the people in the lower class are unemployed, and the majority of them also rely on easy and quick earnings and what they think of this card is gambling.

and those in the middle class also follow that somehow, because most of the rich people value money and to maintain it they build more businesses that can produce money.

Being in the lower class and hoping to win big one day is totally normal in my opinion. Some people can't live happily without that hope. And, in the lower class or not, you have the right to be happy. To satisfy that need you don't have to risk a lot of money. Buy a dollar lottery ticket once per month and hope for the best. But don't play in casinos thinking that a "winning strategy" will make you rich. Definitely don't rely on that.

I used to do this lately as I had a lot of unpredictable spending for myself and my family,weddings,deaths,vacations and so I needed at least triple the amount of my salary to fit this in,I took some crypto to satisfy the needs but then some of these crypto I thought to double it in sport bets and slots and lost several of that amount.I learned my lesson though,you always lose when you want to make some extra money or to add some money to your existing balance for your needs so I don't advice to anyone doing it.I solved my problem by getting more crypto from my savings and damn,gambling I will never try again with this type of money.