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Author Topic: Do you gamble because you don't have sufficient money?  (Read 7031 times)
maydna
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November 24, 2023, 12:45:32 PM
 #721

For fun. I don't know about others but I gambled to relieved me of stress. People gamble because of a lot of reasons but most of the time the main goal is money. While many of us might think it should only be played as a gaining tons of money but I don't. If you observe closely you will see less developed countries gamble the most and have the most gamblers even thought they can't effort. Not only they can't effort is they are also addicted to it. The only thing they want is money money and money.
It's good if you gamble to relieve your stress. But people out there think of gambling to make money even if they don't have money because they see that gambling can still be used to make money. Even though they also see many people who have lost money from gambling and don't want to stop gambling because they still feel they can win in the next round. In less developed countries, gambling seems to be a way to make money, especially since they see several people who can win a lot of money from gambling, so they think they can make money like those gambling winners.

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November 24, 2023, 12:59:40 PM
 #722

For fun is really just that an ALIBI! For money is the real deal.  Grin

You do gamble just because you dont have sufficient money? You are just basically taking up some suicide. You cant really that make yourself making this as an option
because it would really be worsening up the situation. Have dont much money? You might be ending up on having no money completely.
Gamble for fun and not for money then you wont really be having no problems but if you are going into the opposite side then it would be an another story.

Gamble when theres some urge on leisure seeking but not for money making. Make yourself that greedy? Then you are really that
putting yourself on a disaster.
I fact, I don't know. Yes, maybe the motive is to earn money but that comes along with fun. I do have enough to make my ends but I still gambled in the past. Maybe I was addicted or something? Even then I had enough money, even now I have enough money. Not that gambling is the only source of my income. If I were greedy I would gamble till the end until end, until I satisfy my hunger. But that's all in the past now.  Wink
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November 24, 2023, 04:16:23 PM
 #723

No poor have gambled to richness.
Maybe that's true for many, but not everyone. When you're in poverty, you're constantly brainstorming ways to escape it, and it's undeniable that some people consider gambling as a faster and easier option.

However, we can't ignore the fact that the chances of success in gambling are generally low, at least for most of us. Yet, if we're truly devoted to what we're doing—putting in the hard work to enhance our gambling strategy—I believe there's a chance to prove most people wrong who think that gambling cannot change lives for the better.

There are lottery stories but the money coming from luck don't last long.

Again, it depends on the person holding the money.
I agree with @mirakal about the money coming from luck, it will depend on the person on how he will handle it. There's a job now that is called financial advisor and I think a big winner of the lottery should hire one so that he/she will know how the money should be managed.

About the poor who are gambling for richness, well life is always a gamble.
Even Manny Pacquiao gambled his own life for a higher pay in boxing. When it comes to casinos though, I heard different stories from it.
The FedEx founder for example. Then there are the lotto winners.
Let's just say there are not many people who make money from gambling. Because if they did we might see gambling sites closing down one after another without a way to sustain those wins.
This is a business and their goal is to just give hope and not a charity system. There are those who are courageous enough to take the high risk but there's no assurance it's a good ending.

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November 24, 2023, 06:12:05 PM
 #724

For fun. I don't know about others but I gambled to relieved me of stress. People gamble because of a lot of reasons but most of the time the main goal is money. While many of us might think it should only be played as a gaining tons of money but I don't. If you observe closely you will see less developed countries gamble the most and have the most gamblers even thought they can't effort. Not only they can't effort is they are also addicted to it. The only thing they want is money money and money.
It's good if you gamble to relieve your stress. But people out there think of gambling to make money even if they don't have money because they see that gambling can still be used to make money. Even though they also see many people who have lost money from gambling and don't want to stop gambling because they still feel they can win in the next round. In less developed countries, gambling seems to be a way to make money, especially since they see several people who can win a lot of money from gambling, so they think they can make money like those gambling winners.

And what they do like that is wrong, making gambling a source of money is not right, as you said at the beginning it is better to gamble to relieve stress or to look for sensations, not more than that. If they gamble for the reason of wanting to multiply their money it is a big mistake, which is where it is the beginning for them to become addicted because when they don't have enough money and gamble with the end result of losing it will only increase their emotions which make them want to play again with the aim of recovering the money they have lost. That's what will happen if they have the principle of doubling money with gambling.
Gambling has a tremendous attraction that can attract anyone who plays it, because it is the rule of any gambling, by attracting everyone to gamble by making them deeper and deeper to continue gambling and making them spend a lot of money on gambling which will make a profit for the bookie who plays the role of host.

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November 24, 2023, 06:21:26 PM
 #725

Often gambling turns out to be the only option to get out of poverty, but the burden due to the fear of making a mistake can lead to the fact that you can never win due to impulsive actions that will negate past successes
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November 24, 2023, 06:39:34 PM
 #726

No I gamble because I enjoy it. My finances are healthy, I understand why you’re asking this question though because the gambling industry is full of people who lose lots of money and bet with more than they can afford to lose.

I think degenerate gambling is somewhat a part of some peoples genetic make up. Some people have addictive personalities and would gamble with more than is sensible, no matter how wealthy they are.

Always practise responsible gambling, don’t take unnecessary risks. Do not gamble with more than you can afford to lose.

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November 25, 2023, 07:48:49 PM
 #727

Does everyone choose to gamble when they have no money?
If that's the case, I think they took the wrong step. When they don't have money or have only a little money and want to get more money not by gambling
people are made with different personalities and their thoughts are also different in different circumstances and honestly i saw a lots of people who start doing gambling to multiple their funds even while they have small amount of money or they are about to out of money. You may call them stupid but such kinds of gamblers are always available in this globe who don't want to work hard but want to change their luck and economic condition by doing Gambling. Although i already told that, not everybody will do the same thing, people are unique by thoughts
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Even the bookie can laugh loudly when the players start to get addicted who can spend a lot of money just to gamble that is not certain of victory
when anyone get addicted, it is hard for them to keep themselves away from gambling. Bookie set odd, so that a person face more loss then win. Casinos are also designed as same. And such less winning amount inspire them to repeat keep continue the gambling untill they can afford to lose. That's the fact. Although people who can control themselves, gambling isn't any matter of concern for them

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November 27, 2023, 02:49:29 PM
 #728

For fun. I don't know about others but I gambled to relieved me of stress. People gamble because of a lot of reasons but most of the time the main goal is money. While many of us might think it should only be played as a gaining tons of money but I don't. If you observe closely you will see less developed countries gamble the most and have the most gamblers even thought they can't effort. Not only they can't effort is they are also addicted to it. The only thing they want is money money and money.

It' because the lack of proper education in those countries. You learn the basics of math and you know that you are more likely to lose than to win. Another thing that leads them to gamble in order to make money is superstition. They may know that they are more likely to lose, but they think their gods, spirits or whatever will help them to beat the odds. You are right in that you gamble not because you don't have sufficient money, but just for fun.

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November 27, 2023, 05:15:08 PM
 #729

~snip~
And what they do like that is wrong, making gambling a source of money is not right, as you said at the beginning it is better to gamble to relieve stress or to look for sensations, not more than that. If they gamble for the reason of wanting to multiply their money it is a big mistake, which is where it is the beginning for them to become addicted because when they don't have enough money and gamble with the end result of losing it will only increase their emotions which make them want to play again with the aim of recovering the money they have lost. That's what will happen if they have the principle of doubling money with gambling.
Gambling has a tremendous attraction that can attract anyone who plays it, because it is the rule of any gambling, by attracting everyone to gamble by making them deeper and deeper to continue gambling and making them spend a lot of money on gambling which will make a profit for the bookie who plays the role of host.
We should use gambling as a way to relieve stress after daily activities and not to add burden and stress to us. But that's what happens to people who come to gambling and say they want to relieve stress. But in reality, they actually increase their stress because they experience consecutive losses. In fact, when that losing streak comes, it is code that they need to get away from gambling immediately before things change for the worse, and they won't be able to deal with it. Unfortunately, most gamblers don't pay attention to this and instead continue gambling even though they have experienced a lot of losing streaks. Having a reason to gamble because you want to multiply your money is also a fatal mistake because gambling is not a place to make money. They will only experience losses that can waste all their money instead of being able to make money from gambling. Many people are so tempted by gambling that they even abandon their routine activities just because they want to gamble longer. Actually, it is not good for them because they will have the opportunity to experience gambling addiction, which can become worse. If they don't come to their senses soon, they will just continue gambling and will deposit more money.

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November 30, 2023, 04:28:33 AM
 #730

~snip~
And what they do like that is wrong, making gambling a source of money is not right, as you said at the beginning it is better to gamble to relieve stress or to look for sensations, not more than that. If they gamble for the reason of wanting to multiply their money it is a big mistake, which is where it is the beginning for them to become addicted because when they don't have enough money and gamble with the end result of losing it will only increase their emotions which make them want to play again with the aim of recovering the money they have lost. That's what will happen if they have the principle of doubling money with gambling.
Gambling has a tremendous attraction that can attract anyone who plays it, because it is the rule of any gambling, by attracting everyone to gamble by making them deeper and deeper to continue gambling and making them spend a lot of money on gambling which will make a profit for the bookie who plays the role of host.
We should use gambling as a way to relieve stress after daily activities and not to add burden and stress to us. But that's what happens to people who come to gambling and say they want to relieve stress. But in reality, they actually increase their stress because they experience consecutive losses. In fact, when that losing streak comes, it is code that they need to get away from gambling immediately before things change for the worse, and they won't be able to deal with it. Unfortunately, most gamblers don't pay attention to this and instead continue gambling even though they have experienced a lot of losing streaks. Having a reason to gamble because you want to multiply your money is also a fatal mistake because gambling is not a place to make money. They will only experience losses that can waste all their money instead of being able to make money from gambling. Many people are so tempted by gambling that they even abandon their routine activities just because they want to gamble longer. Actually, it is not good for them because they will have the opportunity to experience gambling addiction, which can become worse. If they don't come to their senses soon, they will just continue gambling and will deposit more money.

Well I can say something, sometimes I look for slots because it relaxes me, but what happens, I don't look to win in slots, because I know that to look for profits in slots you must have a lot of money willing to lose, and Well, my economic condition is not high enough for that, if I wanted to have a lot to be able to make bets like that, to see how it feels, but it is the only way, those who say they are going to make bets or be in some slots just to to be able to relax but they still look for profits, if they can get into stress and then have some depression, losing money is something that Anaide likes, and when you have little money, well, I consider that if you don't control the way they have to Spending it and if you lose it all becomes irresponsible, and after that money is lost, there is nothing to do, all you have to do is resign yourself and think about the things that should not be done, that is something that will always happen. .

I believe that when a person goes to a casino, they have to be clear about two things: first, the money they plan to put into a casino is money that they should consider that they can lose and second, if the person is stressed and wants to win, then You should be careful and now after this if you are a person who should not play because you have little money, what is necessary to cover the most basic things you should not start doing those types of acts, because as I said before, it is irresponsible, because I I am one of those who think that now things with casinos must be very careful, especially people who are newbies, because they have a very different vision of casinos and they have many things in mind that can make them rich, millionaires, and Well, they are things that are sometimes not very clear, the basic concepts must always be clear, it is known that the more money you have, the more money you earn, but the more money you lose, that is what should be considered the most.

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November 30, 2023, 04:56:36 AM
 #731

Does everyone choose to gamble when they have no money?
If that's the case, I think they took the wrong step. When they don't have money or have only a little money and want to get more money not by gambling
people are made with different personalities and their thoughts are also different in different circumstances and honestly i saw a lots of people who start doing gambling to multiple their funds even while they have small amount of money or they are about to out of money. You may call them stupid but such kinds of gamblers are always available in this globe who don't want to work hard but want to change their luck and economic condition by doing Gambling. Although i already told that, not everybody will do the same thing, people are unique by thoughts.
This kind of attitude or thinking is only possessed by people who don't want to work hard and do business to make living in life, they decide and use instant and easy ways to make money such as gambling.
But thoughts like this are thoughts that are not worth doing or imitating because gambling will only waste money, not multiply it.
They will only experience regret at the end of their gambling story.

Quote

when anyone get addicted, it is hard for them to keep themselves away from gambling. Bookie set odd, so that a person face more loss then win. Casinos are also designed as same. And such less winning amount inspire them to repeat keep continue the gambling untill they can afford to lose. That's the fact. Although people who can control themselves, gambling isn't any matter of concern for them
Addiction has been problem for every gambler for long time and indeed no gambler can be truly free from addiction until they can cure themselves.
Let just say in short the house edge is always ahead and the gambler is always lose so that only small percentage of the gambler has the ability to win each bet or game.
Odds in betting will always change and this is the reason why many gamblers make mistakes resulting in losses, because casino games themselves have specially designed algorithms and even use RNG which makes it difficult for gamblers to win.

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November 30, 2023, 04:58:28 AM
 #732

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 because I'm poor. I gamble only when I have money to spare. I have a day job that pays me well so poverty is not my motivation.
I do admit I have gambled online to get the transaction fees to withdraw as I prefer withdrawing in fewer digit amounts and lost all in some cases. I might also have gambled to get a fixed amount online to get something done but that should not be considered poverty,
I have seen poor people gamble and that's a sure shot way of destroying your life. No poor have gambled to richness. There are lottery stories but the money coming from luck don't last long.

Gambling to me sometimes to some persons may be because they feel that they don't have sufficient money or may be they don't have a source of making regular income so hence their getting involved in gambling with the hope that if they win they can be able to use the money and sort out things they needed. Though the rate of the Rich ones that gambles in our society cannot be compared with the poor because most reach people basically plays gamble for fun that's why if they lose a bet they don't feel the impact at all. But when the poor loses a bet most times they feel it so much because they actually needed the money most and in the quest of gambling and losing it can even affect the psychological health of them because their aim of gambling is not met considering the fact that they don't have a steady income yet they lose the little they make out from other menial jobs.











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November 30, 2023, 05:04:16 AM
 #733

mostly middle class people gamble because they are not financially free or want to earn fast and come out of that middle class life, gambling gives hope to make big money.
some people who started gambling without knowing that everyone will lose money, after playing for some times they realize it's hard to earn anything from gambling but after knowing that they don't stop to gamble.
and most rich people already know they gambling is a game of chance we can lose everything in it so they gamble responsibly that's why or how they got rich.
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November 30, 2023, 06:56:33 AM
 #734

Gambling is not only designed for the poor else it would be a legitimate source of income that is to considering the poor taking leads in the gambling tables maybe as its potentials.
But gambling is purely a game of making profits that is generally not reliable and not considering ones financial status of an individual level of influences.

It is true that majority of the Poor gambles more than. The rich simply because they are desperate to make money and not just about the winning and their eagerness to make this money has got them staying longer on gambling with the motion of inability to controlling their emotions and also the lack of making a gambling portfolio budgets.
Most irresponsible and addicted gamblers are comes from the poor persons simply because gambling seems to be flexible and has them a percentage to make riches but things doesn't usually goes as expected yet they seizes not to give up.
The riches also gambles but they are likely not noticable because they are mostly on gambling portfolio budgets where as they don't exceed their limits while gambling and they could take control of their motional emotions while they gambles.

Your friend seems biased or should I say it is an act of empathy he has for the poor that got him feels that only the poor gambles?
He also failed to reference you to some prominent rich dudes whom are gamblers whether winning the stakes or not, gambling is gambling that is it.
Even at most times, gamblers are liable to bet more because they are believed that they have enough to loose.











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November 30, 2023, 07:20:43 AM
 #735

It's good if you gamble to relieve your stress. But people out there think of gambling to make money even if they don't have money because they see that gambling can still be used to make money. Even though they also see many people who have lost money from gambling and don't want to stop gambling because they still feel they can win in the next round. In less developed countries, gambling seems to be a way to make money, especially since they see several people who can win a lot of money from gambling, so they think they can make money like those gambling winners.

Perhaps I don't understand gambling at all but if you are gambling because you want to relieve the stress of the day, then I think Casino games are the perfect way to go about it, you don't want to gamble in betting like footballs and Basketball and you think you are distressing your body to relax because watching the match as it goes will disengage you from the fun of the match, you will be divided more particularly when your team is losing and your bets is not going as you wanted, that's more like imposing more stress on your body.

What I think is best about distressing is Casino, it can be physically or online, whichever is convenient for you because it's a game that will take away your attention completely without even knowing that you are gambling, the fun you get takes you to another dimension of entertainment but only if you gamble with the amount you can afford to lose. The fun of gambling revolves round "the money you wager", the more you are free with your wager, the less worry you become when you lose and the more entertaining it gets.

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November 30, 2023, 08:05:27 AM
 #736

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've read on some articles that rich people do gamble but only a few people could match their bets so only a few of them play.

In my experience I only play when I feel like I can double my extra money. I always set limits and only play when I have extra since I can't afford to lose everything, best to play it safe.
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November 30, 2023, 09:24:00 AM
 #737

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've read on some articles that rich people do gamble but only a few people could match their bets so only a few of them play.

In my experience I only play when I feel like I can double my extra money. I always set limits and only play when I have extra since I can't afford to lose everything, best to play it safe.

Well, I don't know many rich so I can't tell what they do or not, like Gozie51's friend... but I don't think there is a big difference between rich and poor. If we talked about alcohol, maybe the poor drinks cheap beer and the rich expensive spirits, and in gambling I think it's the same somehow: the poor will play slots, and the rich participate in high stake events, so the thrill is similar based on their wealth.

Anyway, he may be right when he says that those who gamble because they don't have sufficient money wouldn't do it if they became rich, but I don't believe that we can generalise and it seems to me more the exception than the rule. So what do you think?

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November 30, 2023, 09:48:34 AM
 #738


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.

I think that is the point he tried to make that because the rich have a stable and steady financial inflow, they may not be found gambling like the lower class. Believe it that most people who gamble do that for the additional money expected as winning reward. I think there could be some sense in that anyway but I also know that some rich do gamble especially in football betting and when they are drinking, they could lock horn in P2P gambling with friends maybe that could be for fun and superiority to show who follows football more.
Poor people who know little about gambling see it as an opportunity and try to grab onto it like a straw to a better life. What awaits most of them is not luck, but lost money and wasted time. I myself remember when I was a student and had little money, I became acquainted with gambling. And I felt very angry when I lost. Now I’m completely calm and sometimes I can bet for fun, because I understand perfectly how this industry works. With all this I want to say that gambling makes poor people even poorer, and rich owners even richer, which increases the distance between them. It would be good if the owners of this business not only paid taxes, but also doing charity for social needs, because this is very important.

R


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November 30, 2023, 10:36:30 AM
 #739

mostly middle class people gamble because they are not financially free or want to earn fast and come out of that middle class life, gambling gives hope to make big money.
some people who started gambling without knowing that everyone will lose money, after playing for some times they realize it's hard to earn anything from gambling but after knowing that they don't stop to gamble.
and most rich people already know they gambling is a game of chance we can lose everything in it so they gamble responsibly that's why or how they got rich.

Yes that's the mindset that is always carried by middle class people or especially poor people who misinterpret gambling, it's true as you said that they want money quickly to fulfill their needs and when they see gambling they like to find a solution to overcome their financial shortage problems. Haha I'm sure there are more people who carry that mindset than those who come just for fun, poor people are too focused on seeing winning opportunities but on the other hand they forget that there are other things that are more likely to happen and can even dominate, namely losing streaks and addiction.

Instead of making a lot of winnings but the opposite happens, they suffer a lot of problems and lose a lot of money. The first session can usually make them smile and it is none other than the strategy of the casino that in the early stages will give the gamblers the pleasure that makes the gamblers finally put greater hopes, and when it's time then the casino will turn the situation where victory is very difficult to get. That's what makes anyone who takes gambling too seriously then they will experience a lot of suffering. Yes, it may be true that the average rich person already knows that this activity is only for pleasure, but there is something else that makes the rich not overdo it, namely because they are well-off.

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November 30, 2023, 10:50:15 AM
 #740

Gambling is not only designed for the poor else it would be a legitimate source of income that is to considering the poor taking leads in the gambling tables maybe as its potentials.
But gambling is purely a game of making profits that is generally not reliable and not considering ones financial status of an individual level of influences.

It is true that majority of the Poor gambles more than. The rich simply because they are desperate to make money and not just about the winning and their eagerness to make this money has got them staying longer on gambling with the motion of inability to controlling their emotions and also the lack of making a gambling portfolio budgets.
Most irresponsible and addicted gamblers are comes from the poor persons simply because gambling seems to be flexible and has them a percentage to make riches but things doesn't usually goes as expected yet they seizes not to give up.
The riches also gambles but they are likely not noticable because they are mostly on gambling portfolio budgets where as they don't exceed their limits while gambling and they could take control of their motional emotions while they gambles.

Your friend seems biased or should I say it is an act of empathy he has for the poor that got him feels that only the poor gambles?
He also failed to reference you to some prominent rich dudes whom are gamblers whether winning the stakes or not, gambling is gambling that is it.
Even at most times, gamblers are liable to bet more because they are believed that they have enough to loose.

I totally agree with your opinion about the subject matter. One fact I've come to agree with is that gambling is meant for wealthy men even when we it's absolutely open for everyone regardless of their financial status to engage in it. It took me some many years and experience for me to realize that but many people are yet to come to terms with that fact because they are yet to see things from my own point of view.

A lot of people thinks that when they don't have money, gambling should be a source of making money and that's absolutely wrong in my own opinion because 85% of all the people who I know started gambling to elevate from their poor financial status failed and some even had to sell all their belongings in the process. The rich gambles and if they lose, they wouldn't feel as much as someone who gambled with the last funds in his account trying to double it or even making more money from it. It's absolutely unwise if you ask for anyone to gamble because of insufficient funds and the desire to make more money back I don't think gambling is an avenue for poverty alleviation.

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