Why don't the rich people get addicted easily?

[TheUltraElite]

I dont agree that rich people dont get addicted. They do get addicted to gambling and for them it is like a status symbol that this person plays in this casino and so on.

Then there are those who dont get addicted, it does not matter, it is a personal choice whether to play or not to play.

Once again gambling in majority of the dens is from the lower middle class because they are the ones easily swayed by the get-rich-quick schemes and are looking to double their money. Hence casinos have this class system to keep that "filth" (as the English would say) out. They have this VIP systems and so on - they serve twofold, along with this class system they impart a false sense of pride to the player so that they dont leave and continue playing.

[KiaKia]

I dont agree that rich people dont get addicted. They do get addicted to gambling and for them it is like a status symbol that this person plays in this casino and so on.

Then there are those who dont get addicted, it does not matter, it is a personal choice whether to play or not to play.

Once again gambling in majority of the dens is from the lower middle class because they are the ones easily swayed by the get-rich-quick schemes and are looking to double their money. Hence casinos have this class system to keep that "filth" (as the English would say) out. They have this VIP systems and so on - they serve twofold, along with this class system they impart a false sense of pride to the player so that they dont leave and continue playing.

I agreed that rich people do get addicted to gambling too but atleast they have the money they can risk, their main source of income is very important to them than gambling because they know that all hell will break loose if they use gambling as their main source of income, rich people are smart atleast, that's why they are even rich in the first place.

Now back to normal people around us today, they don't have the money but they want to escape poverty using gambling, acceptable, why can't they just use only what they can afford to lose then? I guess this is because they have to become rich, this is their goal.

The rich people are already rich, that's the difference, so they even enjoy gambling than people that are not rich, they do it for fun and make more money instead if possible, now who is a responsible gambler here if not the rich?

[mak013]

Majority of the rich people understand how to control wealth, that's the reason they're different, understand when to spend and when to receive, knowing risk management and wealth management is very important for persons who wishes to be rich or wealthy on the other hand, the reason some persons are still poor or the way the are is because they fail to understand and apply certain principles of wealth creation, it's easier to find a disciplined rich gambler compared to finding a poor discipline gambler, and that is why the rich will also end up being the rich.

Or, a poor person would be more careful with his playstyle and balance, because money matters for him more. Or rich will get addicted quicker because they are able to gamble more often and make more bets. This is a situation with a lot of "if" and "or", that proves that rich and poor equally have chances to get addicted, equally have chances to get into troubles, equally be good or bad at managing wealth, because history and life are full of different example. Examples of reckless rich people and smart poor people who are unlucky to be in situation they are now, for example.

Rich people don`t have a reason "bet all my money to become rich instantly". Rich people mostly have good education and can calculate chances and analyze information. It is the main difference between rich and poor people. All other things depends on gambler as you said.

[Fortify]

This is an open question, maybe I could be wrong in the eye of some of you but am asking this question because a  large number of addicted gamblers are not even up to a middle class standard but they are addicted. Can someone tell me why it's like that or is it totally a different case in your society, maybe an opposite of what I asking is happening in your own society. Poor people gets more addicted, following the middle class before it gets to the rich. Since it's like that, I think it's just the poor people that are gambling the most in the world, if am not correct, I stand to be corrected.

The main reason that the majority of people gamble is to get rich and take a short cut to get there. If you are already rich and money is no object to you, then there is less of a pull from that perspective. It's not impossible for a rich person to get addicted, as some people are greedy and always want to accumulate more. At a certain point though, it becomes less about the money and more about the habit that has formed. When you have been doing the same thing day after day for months, then you start to create a robotic routine for yourself and there is a bit of "chasing your losses" thrown into the mix. That routine can be very difficult to break free from unless you're ready to let go.

[Oshio-man]

Reasons is that Rich people no longer need gambling funds to succeed, No amount of funds they will win from gambling that will make them to be addicted to gambling, Rich men gamble for entertainment reason which is the reason they don't get addicted easily like poor people got addicted to gambling, But the majority of people that got addicted to gambling are poor people because they are looking for quick funds to settle some financial issues or seeking for quick funds to flex, and it has led many poor people to be addicted to gambling,

[Z390]

Rich & poor get affected by addiction. Some rich ppl could lose $1M with out worry but poor ppl could feel like they can't sleep after losing $10. Addiction's going to affect ppl according to the way they've lived in their country & society.

True but how many rich people do you know that ended up losing everything to gambling? Since I've been on the Internet I've only read such news twice about rich people that turned broke because they lose fortune in gambling, now let's compare this to the poor.
The poor have lost more money than the rich, not in numbers of amount but the affordability, poor people will starve themselves, take loan, borrow money from friends and family thinking that they can get rich overnight with gambling only to end up in more debt.
The big difference is the rich can afford to take risks in gambling more than the poor because they always have enough spare money around them, it's also the same reason why they risk higher amount, all still leads to affordability to lose.

[Proty]

The main reason that the majority of people gamble is to get rich and take a short cut to get there. If you are already rich and money is no object to you, then there is less of a pull from that perspective. It's not impossible for a rich person to get addicted, as some people are greedy and always want to accumulate more. At a certain point though, it becomes less about the money and more about the habit that has formed. When you have been doing the same thing day after day for months, then you start to create a robotic routine for yourself and there is a bit of "chasing your losses" thrown into the mix. That routine can be very difficult to break free from unless you're ready to let go.

Rich people do get addicted to gambling ,I have seen rich men staking huge amounts of money into gambling in fact when it comes to staking huge amounts of money it is mostly the rich folks that does it.I have heard of rich folks being addicted to gambling and almost losing all their wealth to gambling.however when compared to the poor in terms of numbers , the majority of the people that is addicted to gambling is the poor because they want to make generational wealth through gambling.Most of the rich folks that is addicted to gambling made there wealth through illegal means such as drugs business some too are wealth they inherit from families.This class of rich folks easily get addicted to gambling when compared to those that build there wealth by themselves.

[Makus]

Rich people don`t have a reason "bet all my money to become rich instantly". Rich people mostly have good education and can calculate chances and analyze information. It is the main difference between rich and poor people. All other things depends on gambler as you said.

You're on point mate, I see some people with the contradiction that poor people are even more careful when it comes to gamble,  but that perception is wrong. Most of the poor is as a result of no jobs or low paying jobs and they'll always want to to meet up with life's expectations and that usually is the reason they start gambling to increase their funds without considering the probability of losing everything. And just as you said lack of proper education for the poor doesn't give them an hedge to having very high IQ and forsee some certain things until they've experienced it. And of a truth education doesn't just make us literate persons it also helps build and expand our brain thinking faculty to solve very critical problems.

[madnessteat]

I think different in poor and rich mindset is about how they use their money, but not that one chase losses, but other dont because he has a lot of money. Even rich people chase losses and dont want to lose. Being rich does not mean that money came to them easily.

I think people incorrectly understand the way rich people gamble. I think they believe that if they bet $1-50, then rich people also gamble like that, and loosing $100 during evening is nothing for them and they dont chase that loss. Imo rich people make large bets and similarly feel bad when they lose that money, similarly some of them chase losses, similarly make mistakes and turn addicted.

You have to look at it from the start like this: the rich became rich because they treat money differently. They are able to collect capital, they are able to work so that money brings them even more money. The poor are not able to do this, they do not have the knowledge for this. And of course, if you risk one dollar, you should not count on a big win. The rich bet more, but the rich can lose more. I do not think that the rich and the poor in gambling are somehow very different in their approaches or results.

I don't think it's that simple. Some people become rich because they took a risk at the right time and got lucky. Others inherited their wealth from their parents. Not all rich people know how to manage money properly; they just have many more tools that allow them, if not to increase their money, then at least to protect it from inflation. Rich people spend money on entertainment just like poor people, only many times more, because a $1 bet will not bring them any pleasure. They need much more risk.

[bakasabo]

Btw I havent seen a rich person being reckless with money. I have never seen such rich person, who would ever say that he does not care about money. Rarely we see rich people living ascetic way of life. I think we call them either weird, or admire them. Nevertheless rich people have more experience with money, they wont resist get rich quick method if they have a chance. Sometimes I think that they are more lose chasers than poor people. Losing $1 or $100k, what is more disappointing? I think that rich person would wish to get his $100k back more than poor person his $1.

[Dr.Bitcoin_Strange]

Reasons is that Rich people no longer need gambling funds to succeed, No amount of funds they will win from gambling that will make them to be addicted to gambling, Rich men gamble for entertainment reason which is the reason they don't get addicted easily like poor people got addicted to gambling, But the majority of people that got addicted to gambling are poor people because they are looking for quick funds to settle some financial issues or seeking for quick funds to flex, and it has led many poor people to be addicted to gambling,

It's true that the huge number of addicted gamblers are not rich people, but there are not too many rich addicted gamblers but the truth is, not all rich people are actually gambling for fun, that's a false believe. Some people are rich that they can live a comfortable lifestyle but because they are not satisfied and they want to get more money, they can decide to go into gambling for the reason of making more money from gambling. So, there are addicted rich gamblers who didn't go for entertainment but for the financial profits.

[Hanadawa]

Now back to normal people around us today, they don't have the money but they want to escape poverty using gambling, acceptable, why can't they just use only what they can afford to lose then? I guess this is because they have to become rich, this is their goal.
The rich people are already rich, that's the difference, so they even enjoy gambling than people that are not rich, they do it for fun and make more money instead if possible, now who is a responsible gambler here if not the rich?

Gambling is designed with the dream of getting a jackpot or a big multiplier which for poor people is an opportunity they must get. Although gambling also designs a VIP system to give a sense of pride and arrogance to rich gamblers, but basically they are already rich and their motivation to gamble is for status, not for money. I do not deny that there are rich gamblers who are addicted but such cases are very rare. So I think I do not include them in my calculations. This is different from what we see or maybe what I see in my environment. Where most gamblers are poor people who expect wealth. And ironically 90% of them are addicted to gambling. They are even willing to sell their assets to gamble in the hope of getting back what has been lost. I think if there are rich people who still gamble to increase their wealth, it means they are not rich enough from their salary or income. The real rich people are those who have money that can even be bigger than most jackpots offered in casinos. -CMIIW

[bitLeap]

I dont agree that rich people dont get addicted. They do get addicted to gambling and for them it is like a status symbol that this person plays in this casino and so on.

Then there are those who dont get addicted, it does not matter, it is a personal choice whether to play or not to play.

Once again gambling in majority of the dens is from the lower middle class because they are the ones easily swayed by the get-rich-quick schemes and are looking to double their money. Hence casinos have this class system to keep that "filth" (as the English would say) out. They have this VIP systems and so on - they serve twofold, along with this class system they impart a false sense of pride to the player so that they dont leave and continue playing.

I just realized that the VIP system was one of the purposes for such things. And it makes sense when you think about it because this system can easily show the VIP process between the lower middle class and the rich. But what if the VIP system is not their purpose, and is just for gambling. I mean rich gamblers can also move from one casino to another, right? And maybe they don't care about the VIP system either.

[Kelward]

Reasons is that Rich people no longer need gambling funds to succeed, No amount of funds they will win from gambling that will make them to be addicted to gambling, Rich men gamble for entertainment reason which is the reason they don't get addicted easily like poor people got addicted to gambling, But the majority of people that got addicted to gambling are poor people because they are looking for quick funds to settle some financial issues or seeking for quick funds to flex, and it has led many poor people to be addicted to gambling,

It's true that the huge number of addicted gamblers are not rich people, but there are not too many rich addicted gamblers but the truth is, not all rich people are actually gambling for fun, that's a false believe. Some people are rich that they can live a comfortable lifestyle but because they are not satisfied and they want to get more money, they can decide to go into gambling for the reason of making more money from gambling. So, there are addicted rich gamblers who didn't go for entertainment but for the financial profits.

Both the rich and poor get addicted to gambling but it's more noticable in poor people, they are the ones that it hits very hard. Because of the excess money that the rich gambling addicts have they can be able to fund their addiction, as long as it doesn't render them broke they'll keep being addicted. But it's a different ball game for poor addicts, they will face a lot of financial chalanges if they are not winning often and it'll become noticable. A poor gambling addict is always looking for money to gamble, they can sell their properties and be in dept to raise money for gambling.

[Versatile_choice]

I dont agree that rich people dont get addicted. They do get addicted to gambling and for them it is like a status symbol that this person plays in this casino and so on.

Of course rich people do get addicted, but they don't get addicted so easily, because rich people don't rely much on gamble like most of this poor people that prioritize gamble instead of looking for a more reliable source of getting money, a rich man can only visit the casino during his free time or maybe after he most have return from work, while most of this poor people can choose to spend 24hours in the casino since they don't have something important to do with thier time so they thing spending it in the casino is worth it, This  is the reason why the poor people get addicted the most.

[Outhue]

This is an open question, maybe I could be wrong in the eye of some of you but am asking this question because a  large number of addicted gamblers are not even up to a middle class standard but they are addicted. Can someone tell me why it's like that or is it totally a different case in your society, maybe an opposite of what I asking is happening in your own society. Poor people gets more addicted, following the middle class before it gets to the rich. Since it's like that, I think it's just the poor people that are gambling the most in the world, if am not correct, I stand to be corrected.

A rich person who got rich through luck based sources are the only ones who are addicted to luck niches like gambling, truth be told many rich people don't believe in Luck, they believe in hard work in a rare manner that isn't popular, they work in a smart way which means they don't do the same thing that the general people are doing.

Gambling isn't been smart, it's a fools game let's be honest, this is why you should also gamble in a way that suits a fool game, by risking very little amount of your income only.

Poor people are punished by their own mindset, that's why most gamblers are poor because they want the impossible dream from gambling, the highest numbers of people gambling are those that are struggling in life.

[Jatiluhung]

This is an open question, maybe I could be wrong in the eye of some of you but am asking this question because a  large number of addicted gamblers are not even up to a middle class standard but they are addicted. Can someone tell me why it's like that or is it totally a different case in your society, maybe an opposite of what I asking is happening in your own society. Poor people gets more addicted, following the middle class before it gets to the rich. Since it's like that, I think it's just the poor people that are gambling the most in the world, if am not correct, I stand to be corrected.

This is actually about the mindset of rich people and those who are not. And this is also related to the self-discipline that rich people have compared to those who are not.

Rich people gamble at a rate they can afford to lose. This means that they only gamble with money that they are not afraid of losing. And they also only gamble for fun and not to seek more profits. Because we know that rich people have made a lot of money from the companies they own. What they are looking for and what they need is fun. And rich people have good financial management.

Meanwhile, ordinary people sometimes gamble because they want to get big profits instantly. Regardless of the risks involved. Sometimes they are not even ready for the risks they face. Like sometimes they bet with money they are not even ready to lose.

[xenomorfo]

I dont agree that rich people dont get addicted. They do get addicted to gambling and for them it is like a status symbol that this person plays in this casino and so on.

Then there are those who dont get addicted, it does not matter, it is a personal choice whether to play or not to play.

Once again gambling in majority of the dens is from the lower middle class because they are the ones easily swayed by the get-rich-quick schemes and are looking to double their money. Hence casinos have this class system to keep that "filth" (as the English would say) out. They have this VIP systems and so on - they serve twofold, along with this class system they impart a false sense of pride to the player so that they dont leave and continue playing.

No, i don't think anyone meant that rich people aren't exposed to some sort of addiction, let's say it usually doesn't happen to them, that's all.
They have a different culture and don't need money to eat, so they fall into the psychological trap of gambling with more difficulty. They fall into it anyway.

[Pandu Geddon]

No, i don't think anyone meant that rich people aren't exposed to some sort of addiction, let's say it usually doesn't happen to them, that's all.
They have a different culture and don't need money to eat, so they fall into the psychological trap of gambling with more difficulty. They fall into it anyway.

Yes, rich people can still get caught up in gambling addiction. But they do know how to make money and spend their money properly. Rich gamblers have enough knowledge not to get caught up in the psychology of gambling that forces them to bet bigger, even after continuous losses.
There are still those who initially have quite a lot of money, but run out of it in gambling. However, the level of control and understanding related to gambling is different for each person. Whether rich or poor, actually every gambler is also susceptible to addiction.

[Olatundespo]

I dont agree that rich people dont get addicted. They do get addicted to gambling and for them it is like a status symbol that this person plays in this casino and so on.

Of course rich people do get addicted, but they don't get addicted so easily, because rich people don't rely much on gamble like most of this poor people that prioritize gamble instead of looking for a more reliable source of getting money, a rich man can only visit the casino during his free time or maybe after he most have return from work, while most of this poor people can choose to spend 24hours in the casino since they don't have something important to do with thier time so they thing spending it in the casino is worth it, This  is the reason why the poor people get addicted the most.

Rich people can easily control themselves in the situation of addiction because they have neither abundance nor scarcity of wealth. Their money supply is much more than that of poor gamblers and their sources of income are much more than their needs. Poor gamblers have relatively weak sources of daily income and gamble to only earn. On the one hand, the urge to meet the basic needs of their family on the other hand they gamble to earn more to escape poverty.