Why don't the rich people get addicted easily?

[joniboini]

Maybe we should bring some data before we arrive at any conclusion? How do you define "get addicted easily"? Is it from the number of gambling activities, the amount of money spent, or something else? Even "rich" itself can be misleading if there's no clear definition. On top of that, I remember reading some articles on how some athletes are addicted to gambling and spend a lot of their salaries on gambling. I'm sure they can be considered rich by most people. I think some active footballers also got fined for participating in gambling activity, though it's debatable if you can consider that gambling addiction or not.

[Rockstarguy]

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 reason why the rate of addiction can't be compared to that of poor people is because rich people don't depend as much on gambling as a source of income. When they gamble and lose, they can easily let go, unlike poor people who chase after losses. Poor people are so interested in winning that they can go about it in any way without caring whether they lose or not. Rich people can still get addicted, but at a lower rate. There are some rich people who are greedy, and their level of understanding is that gambling can be easily won. With so much money they have, they bet big and if they end up losing they chase after losses too, and because of greed, they become addicted to gambling.

[yhiaali3]

The reason most gambling addicts are poor or middle class is because they are looking for any hope of becoming wealthy, or at least living a comfortable life, and they believe they can easily achieve this through gambling.

The more they lose the more pressure they feel to recoup their losses, ultimately becoming addicts. While Rich people on the other hand, don't need all that. They either gamble for fun or as a form of challenge and to show off to society. Therefore, they are not under pressure and do not become addicts because they simply don't need it and can easily recoup their losses through their wealth or their own businesses.

[Agbamoni]

Even rich people can be addicted, maybe their level is not usually perceived by us. They can easily handle everything because they have a lot of money. Their strong financial stability. If they do not control themselves and continue to gamble aggressively, they may end up like those poor gamblers. I have not seen such a gambler as the TikToker you gave, but a deliberate reaction to losing money seems crazy to me. If you have a lot of money, you may not want to lose it easily. If you are involved in gambling for entertainment, it may be a different scenario. Also, if those gamblers have a strong alternative source of income.

I though as much buddy! Even if you are having fun there is some extent to how much you will lose, you will have to quit for the day. You cant be deliberating losing huge some of money in gambling in the name of fun.

What seems to be the problem here, is that losing huge money for fun is simply an act of addiction, it desensitizes people over time, especially when they believe they can always afford gambling on the next game.

[iv4n]

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.

We are all addicts... poor, rich, and all of us in between. The rich can afford to gamble, even if they lose they have more than enough for everything else. The middle class has to make choices and set priorities, they live more modestly but can still set aside some money for fun. The poor don't even have money to live on, but they still risk what little they have on gambling, and that's where the problem arises...  And when someone is a poor & addict, it is much more visible. They don't have enough for the basic things of life (food, clothing, a place to live, etc.) because every money they make goes to gambling and then they fall into a vicious circle that is difficult to get out of.

[JMBitcointernational]

Op, addiction is not measured By stratification, anyone can be addicted Including the rich people, the middle class And the poor. Addiction is ochestrated By greed And that is the more reason the rich people fall victim because they want To fill their Pockets through every means.
Every addicted Person sees it as a quest To earn more And that is why he or she does not even believe that he or she is an addict.However, My point here is that everyone can be an addict Including the Upper class individuals, middle class individuals And the lower class individuals.

[TopTort777]

OP, do you really want to hear an answer for such an obvious question? I think its obvious - rich people get less addicted to gambling, because most of them gamble for fun for real. But the rest, who say they gamble for fun, usually lie to us and themselves, because money is still matter a lot to them. Also as one of the reasons might be that rich have more options of entertainment than others, making gambling not as interesting activity as it is for the others.

[Cryptmuster]

The reason most gambling addicts are poor or middle class is because they are looking for any hope of becoming wealthy, or at least living a comfortable life, and they believe they can easily achieve this through gambling.

The more they lose the more pressure they feel to recoup their losses, ultimately becoming addicts. While Rich people on the other hand, don't need all that. They either gamble for fun or as a form of challenge and to show off to society. Therefore, they are not under pressure and do not become addicts because they simply don't need it and can easily recoup their losses through their wealth or their own businesses.

In a way this is true poor people see gambling as a chance to change their lives for the better to become rich. And maybe they keep playing not because of the pressure from previous losses and the desire to win it back although there is some truth in that too. I think they continue because they are still hoping for that jackpot that will change their lives. In reality there are very few players who win big but such people do exist. And the poor who keep losing continue to play simply because they are waiting for their chance. It is easier to spend a couple of dollars on a game in the evening than to organize something start their own business look for a better paying job or get a new qualification.

[Sim_card]

Maybe we should bring some data before we arrive at any conclusion? How do you define "get addicted easily"? Is it from the number of gambling activities, the amount of money spent, or something else? Even "rich" itself can be misleading if there's no clear definition. On top of that, I remember reading some articles on how some athletes are addicted to gambling and spend a lot of their salaries on gambling. I'm sure they can be considered rich by most people. I think some active footballers also got fined for participating in gambling activity, though it's debatable if you can consider that gambling addiction or not.

I agree with you. There was a time I read about some celebrities which are musicians owing casinos some huge amount of money. The casino do allow them to gamble on debt because they know that they have a means of paying back the funds. Addiction doesn't care if you are a rich guy or not, if you gamble without control, you will get addicted.

[EarnOnVictor]

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.

I am one of those who see your question as inappropriate because "the rich also cry."

You need to move closer to the rich to learn some things about them before you know that they are not the superhuman most people perceive them to be. Many of them are even worse than the poor/middle class in some habits. And frankly, if you must know, yes, the rich are addicted to gambling too, and gambling has ruined the fortune of a few of them, it's no news.

Still, many of them know how to handle their gambling lifestyle well, yet they frequently gamble. The good fortune and business they can fall back on continue to be a solid support for them. Note that many of them can be addicted due to greed or their love for gambling, it mustn't always be solely for the lack of money.

[nara1892]

OP, do you really want to hear an answer for such an obvious question? I think its obvious - rich people get less addicted to gambling, because most of them gamble for fun for real. But the rest, who say they gamble for fun, usually lie to us and themselves, because money is still matter a lot to them. Also as one of the reasons might be that rich have more options of entertainment than others, making gambling not as interesting activity as it is for the others.

Yes I agree with your idea and maybe I will complete it a little which is one of the reasons why rich people tend not to be addicted to gambling is because they usually have a different way of thinking, they know how to distinguish between what activities should be done seriously and what activities are only done to find entertainment in the middle of free time, rich people will not want to spend too much money on something that does not guarantee profit. Another thing that cannot be denied is that there are always two-faced gamblers, meaning in front of other people they say that they gamble for entertainment when in fact they come to try to make money, I can distinguish what the real purpose of a gambler is from their expression when they lose, they will not be able to lie in that situation.

[Inwestour]

I agree with you. There was a time I read about some celebrities which are musicians owing casinos some huge amount of money. The casino do allow them to gamble on debt because they know that they have a means of paying back the funds. Addiction doesn't care if you are a rich guy or not, if you gamble without control, you will get addicted.

In this example it is easier for wealthy musicians to get into debt because the casino offers them a high credit limit knowing they might have big money. Celebrities keep playing because they know they might have large fees coming in the future which they can use to cover their losses. But not everyone has such opportunities and not everyone can deal with their debts. If someone gets too carried away with gambling because no matter how rich you are every person has a critical limit where they can no longer cope either with the game or with debts.

[Theupdude]

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.

Actually, I’ve noticed the same pattern in many places a lot of people who struggle financially turn to gambling as a quick escape or hope for a big win that could change their situation, It’s more about desperation than greed in most cases middle class people gamble too but maybe with more control the rich might gamble for fun but not with the same emotional weight. So yeah I think poverty and hopelessness play a big role in gambling addiction, it’s not just about money it’s about trying to feel in control or lucky even for a moment

[bakasabo]

I dont think that addictions understand who to hit, and divide people on rich or poor. I think that everyone can get addicted to gambling equally and the explanation for that is simple. Both rich and poor care about money they spend on gambling, both dont like to lose, both can have an idea to try to win back, both can have an idea to return, both can get greedy. Poor gamble with a wish to become a millionaire. Millionaire gamble with a wish to become a billionaire. Billionaire gamble with a wish...

I have noticed that a lot of posters say that rich people dont get addicted easily, because they can afford to lose, they dont care about money and so on. Do you think that rich people gamble like regular gamblers, with $1-100 bets? They bet thousands and hundred thousands and similarly lose and return for a new portion of emotions.

[HONDACD125]

I dont think that addictions understand who to hit, and divide people on rich or poor. I think that everyone can get addicted to gambling equally and the explanation for that is simple. Both rich and poor care about money they spend on gambling, both dont like to lose, both can have an idea to try to win back, both can have an idea to return, both can get greedy. Poor gamble with a wish to become a millionaire. Millionaire gamble with a wish to become a billionaire. Billionaire gamble with a wish...

I think you are a little bit off with your explanation here because most people who are wealthy and have so much money that they won't even be able to spend at once in gambling, even if they want, wouldn't gamble for gains but they do it as a hobby and to have some fun. On the other hand, those who are either poor or come from middle-class families will gamble for gains because they know that gambling has the possibility of giving them life-changing amounts of money, so they keep trying to hit that, even though they know the odds for that are very tiny.

Wealthy people gamble when they go on vacations, or when they have free time and need an activity to do. It isn't for all rich people, everyone will have different activities based on their interests. Some will play golf, some will ride horses, but some might like gambling, so they go to expensive and big casinos and gamble for a while, and get back when they are done. They don't sit there and say that they won't leave until they recover their money in case they lose, and that's because they have so much of it, they almost don't care about spending some of it.

We all know that the wealthy love to spend money on things they like. I mean, who wouldn't?

[Pablo-wood]

Why people feel the rich don't get addicted to gambling is simply because when the addiction begins to maturate the must have gone bankrupt already. So they no longer afford the luxury the used to and their appearance then look very much like someone who hasn't seen money in their entire life.

Addiction is worst amongst the rich. Just the same way a poor person will sell their items just to gamble, the same is applicable to the rich and that of the rich is even worst that they tend to stake higher because at that point they can afford it until they eventually go broke.

[Questat]

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.

Perhaps they are addicted as well. But not the same as poor people. When it comes to spending, they can afford more than the others, and they could lose more as well. The only difference is that they don't feel the loss of their money because money is not a problem for them.

That is why we might think that rich people are not easily addicted because they are not showy in their actions. Whatever happens to rich people, they remain rich. But for the average and poor people, losing is a big deal for them.

[Oluwa-btc]

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.

I think you're assumptions is off track cause as we all know addictions is no respecter of anybody and when sometimes having this feeling seems like it's always favourable to the other side whereas the  poor are subjected to  being addicted. I tell you it's not true because it's how you control oneself that matters, the rich can have that self control over their habits Abit the poor in the other will want to  do otherwise and get the flag of being prominent with addictions.

[summonerrk]

I think the leading criterion for determining how easily a rich person can become addicted to gambling is where he got his wealth in the first place.
The thing is that all rich people are divided into two types - those who inherited a huge fortune and just live their lives without straining themselves. And the second type is those who earned all this huge money themselves with their labor and brains.
So it turns out that the first type will most likely be easily influenced in gambling, and the second type are people who have a strong core.

[aioc]

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.

You did not present data to back up the discussion, based on one study.

Research shows that people with comparatively higher incomes are more tolerant of risk, and more drawn to thrill seeking and risk-taking activities.

https://kindbridge.com/gambling/why-do-rich-people-gamble/

You're post is speculative, the article clearly states it's the other way around. In fact, we have many athletes who made fortunes and lost a lot in gambling; two of them are Tiger Woods and Michael Jordan.
If you have the means, you will not have a second thought about risking your money on gambling.