Why don't the rich people get addicted easily?

[arabspaceship123]

I've said the same about rich ppl or poor ppl becoming addicted to gambling. It doesn't matter if they've got deep financial pockets gambling affects ppl with out discriminating in their society status & classes. If Drake's lost in boxing & UFC he'll survive because it's small money for him but big money for ppl like me.

Whether rich or poor, gambling addiction don't care about your financial pockets, you can be poor and be addicted and you can still be rich and be addicted. The difference is that poor person gamble for money most of the time and it's because it's an average financial gambler that surround you that's why you see them most around you, when you're are surrounded by gamblers that are wealthy and rich, you will know that it's not about what you have in your pocket but how people treat gambling.

People that are rich are the people that are worse when it comes to gambling addition. Have you seen Drake way of gambling? Man has this bad taste in gambling and trust me, that guy don't used small amount of money to bet, it's always big amount and he loves showing off his bet whenever there is a speculation about one event. He did made a bet during Tyson and Jake Paul. He bet on Tyson to win and unfortunately Tyson loss and he loss that huge amount, it was the same thing when he bets on UFC Champions Adesanya huge amount of money.

[alastantiger]

Addiction in gambling is not by our individual status, but how we understand being a responsible gambler and knows what to do at the right time, just as we already have it, that some may not be able to manage their own self effectively because of their kind of nature and behaviors to doing something, while on the contrary, we also have some who are extremely disciplined in doing things, this is how it applies to everyone of us, we choose to become whom we turned to be, as no one lured us into such behavior, rich or poor can get addicted by any chance if they are not careful.

Agreed and we shouldn't make decisions or follow the footsteps of the rich when they're gambling. The wealthy have the luxury of affording any amount that they can use for gambling while we the poor or people struggling to make our daily needs can't have that luxury. We have to be more cautious than the rich when gambling and with this cautious, we can avoid certain losses. The rich gets addicted the same way the poor can get addicted. Some rich gamblers are losing money that many poor gambler can't make in their entire period of gambling. Everybody has their own battle that they're struggling with. The rich gets addicted but they have enough money to cover up their addiction until they don't have anymore resources to hide that ugly part of their life.

[virasisog]

It doesn't matter if they are rich or poor people could still get addicted to gambling it only depends on how well they could control it and how much they could spend on it.
For me the only difference is the amount that they could risk in gambling.
They might not be addicted to the profit or gains but the feeling of winning or being a winner hitting big or something else.

[STT]

Drake has gigantic royalties probably for the rest of his life, he cant really lose that much overall.   The real reason why rich people might not be as effected is perhaps they are already familiar with large risks of some kind or another, capital invested which can turn bad is a normal life risk.
   Michael Jackson managed to nearly wipe out his fortune but even in his case he had the chance to just throw another set of concert tours to bail himself out, unfortunately he was taking risks with his life and it was a bad bet.

[_BlackStar]

It doesn't matter if they are rich or poor people could still get addicted to gambling it only depends on how well they could control it and how much they could spend on it.
For me the only difference is the amount that they could risk in gambling.
They might not be addicted to the profit or gains but the feeling of winning or being a winner hitting big or something else.

Rich and poor alike have the same goal when betting - they hope to win the round. Some say it's for fun - some say it's for experience, but they really want to win. They spend a lot of money on gambling - even if it doesn't have much effect, but they honestly don't want to lose it at all.

I remember how Neymar and all the other rich gamblers reacted when they lost - they were disappointed even though we could still see the smile on their faces afterwards. Rich gamblers are able to rise because of their financial strength - while poor gamblers will try their luck again and hope their finances can recover.

[jackpotmaster]

Drake has gigantic royalties probably for the rest of his life, he cant really lose that much overall.   The real reason why rich people might not be as effected is perhaps they are already familiar with large risks of some kind or another, capital invested which can turn bad is a normal life risk.
   Michael Jackson managed to nearly wipe out his fortune but even in his case he had the chance to just throw another set of concert tours to bail himself out, unfortunately he was taking risks with his life and it was a bad bet.

The rich are very much affected, and probably more so. You are just using people from a very small list of rich people who are famous and do not have public issues with gambling or other addictions. You don't hear much about the countless ones that ruined themselves or even possibly their families for many reasons. For one they may not be famous. Also, their families are trying to cover up their failures to preserve the reputation.

[Julien_Olynpic]

The thing is that rich people are a very heterogeneous sociological category. Among this group of people, there are those who earned their money on their own, and there are those who inherited it. But even those who became rich because of an inheritance are also divided into reasonable people and reckless ones. In fact, rich people can also afford to cheat, but they do not necessarily have to play for large sums. Or you can even say that playing for a small part of their income, they still play for sums that are large enough for a poor person. The main reason why it is predominantly poor players who become addicted is that they are forced to take more risks in order to get rich, because their initial bankroll is usually small and they will not be able to get rich without significant risk.

[yhiaali3]

~

   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.

You're right. When these poor people see someone win the jackpot, they believe they too will one day. Even though they lose every time, this sometimes turns into an addiction and a mental illness and they can't stop.

I know people in my community who continue to buy a lottery ticket every week even though they are poor and cannot afford it. They have to borrow money every time, but they can't stop hoping to win one day. They have continued this for years without winning a single time. If they had saved up the money wasted on lottery tickets they might have been able to start a small business.

[mindrust]

It is because they exactly know how to keep their emotions under control. If you ever see a rich person gambling, 99 times out of 100, he will be playing for fun. You see those greedy and emotional rich gamblers only in the movies. In real life, rich people almost always don’t act irrational. They don’t play a game which they can’t predict its outcome correctly. They are rich and they stay rich for a reason. They don’t chase dreams. They create them.

Most poor people don’t know that and that’s why they keep losing and make their lives even more miserable. Sadge

[laijsica]

It is because they exactly know how to keep their emotions under control. If you ever see a rich person gambling, 99 times out of 100, he will be playing for fun. You see those greedy and emotional rich gamblers only in the movies. In real life, rich people almost always don’t act irrational. They don’t play a game which they can’t predict its outcome correctly. They are rich and they stay rich for a reason. They don’t chase dreams. They create them.

Most poor people don’t know that and that’s why they keep losing and make their lives even more miserable. Sadge

Among the wealthy, experienced gamblers set their goals so that they play for fun and keep themselves stable and in control. The idea that a rich person means a controlled gambler is not actually true. Experienced gamblers play up to their set goals, but the idea that wealthy gamblers are not likely to become addicted may not be true. If you have some experience in going to a physical casino you have noticed how rational and fair the experienced gamblers are in applying their strategies. In reality the strategy of wealthy gamblers is that instead of limiting themselves they do not justify their funds because they have enough money. Experienced gamblers show discretion in each bet and limit their money allocation and do not exceed the limit.

[Smartprofit]

In my opinion, this is due to the fact that rich people have financial literacy. Their parents taught them how to handle money correctly, or maybe they learned it themselves in practice, creating (over and over again) new successful businesses.

The goal of any business is to make a profit (profit is a positive difference between income and expenses). In gambling, there is virtually no profit (there is only income). Meanwhile, rich people know that by properly managing the process of optimizing expenses (costs), you can significantly increase your profit. That is, a person who has mastered the basics of financial literacy is no longer so interested in gambling (he understands that he is not able to influence the final financial result of this type of human activity).

Yes, of course, rich people also gamble (for fun), but they become gambling addicts much less often than poor people.

If rich people gamble, they strive for really big wins (significantly exceeding the potential profit from their businesses).

[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 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.

I think that every person at some moment becomes greedy for money and rich people are no difference. Who would not love to multiply fortune? Who would not want to try to make it easy and quick? Or how about stories when people bust millions, sell million worth business to win back lost money in gambling? You think they did that as a hobby and for fun? Rich people have different mind and approach to money, but they also gamble to earn. Not all of them, but similarly poor people also gamble for fun. Not every single poor person go to casino to become rich.

[wakier]

It is because they exactly know how to keep their emotions under control. If you ever see a rich person gambling, 99 times out of 100, he will be playing for fun. You see those greedy and emotional rich gamblers only in the movies. In real life, rich people almost always don’t act irrational. They don’t play a game which they can’t predict its outcome correctly. They are rich and they stay rich for a reason. They don’t chase dreams. They create them.

Most poor people don’t know that and that’s why they keep losing and make their lives even more miserable. Sadge

Yes, that's the difference between rich and poor people in gambling because their goals are different, most rich people prefer to have fun while poor people try their luck and that can cause them to be ambitious to be rich and eventually become addicted. But for gambling addiction, rich and poor people are no different because there are also many rich people who are addicted to gambling, the difference is that rich people are not worried about running out of money.

[sompitonov]

Poor people have a great desire to get rich, because it is as if it is an unattainable desire for them, an unattainable dream. And this forms a bias in them towards the idea that you can earn money with the help of gambling, and if this does not work out, then they find the last money to prove to themselves that it is possible, but usually desires do not coincide with reality, and sooner or later they face debts. But rich people have closed primary needs and perhaps even the need for self-realization, so some of them do not even know what to do with themselves and come to the game, starting as entertainment, and in the end they can lose everything.

[Cryptmuster]

Poor people have a great desire to get rich, because it is as if it is an unattainable desire for them, an unattainable dream. And this forms a bias in them towards the idea that you can earn money with the help of gambling, and if this does not work out, then they find the last money to prove to themselves that it is possible, but usually desires do not coincide with reality, and sooner or later they face debts. But rich people have closed primary needs and perhaps even the need for self-realization, so some of them do not even know what to do with themselves and come to the game, starting as entertainment, and in the end they can lose everything.

It doesn’t always happen that way. There are many poor people who understand how difficult it is to make money through gambling. And there are also a lot of responsible people who realize there’s no point in losing their last money on gambling. Among wealthy people, too, there are many who don’t know how to manage their finances, who throw money around carelessly and treat gambling the same way as a way to make more money. And since they have plenty of money, they tend to spend it more easily, especially if they inherited it rather than earned it themselves.

[Ricardo11]

It is because they exactly know how to keep their emotions under control. If you ever see a rich person gambling, 99 times out of 100, he will be playing for fun. You see those greedy and emotional rich gamblers only in the movies. In real life, rich people almost always don’t act irrational. They don’t play a game which they can’t predict its outcome correctly. They are rich and they stay rich for a reason. They don’t chase dreams. They create them.

Most poor people don’t know that and that’s why they keep losing and make their lives even more miserable. Sadge

Yes, that's the difference between rich and poor people in gambling because their goals are different, most rich people prefer to have fun while poor people try their luck and that can cause them to be ambitious to be rich and eventually become addicted. But for gambling addiction, rich and poor people are no different because there are also many rich people who are addicted to gambling, the difference is that rich people are not worried about running out of money.

Basically, there is a huge difference between rich and poor gamblers in terms of their gambling motives. Most rich people gamble just for entertainment, rich people have the capacity to lose a huge amount of money, so when they lose the amount of money they gamble with, they do not worry about it anymore, they never try to recover their money, because they have the capacity to lose that money.
But in the case of a poor person, whose income is smoll and limited, they never come to gamble with the mentality of accepting defeat. Their desire or intention is to increase their money by 2X or 3X, and such a motive or thought always affects a gambler in a negative way.
So it is not wrong to say that the most important thing in gambling is to keep your motive right, if a poor person also wants to enjoy entertainment through gambling, and gambles with the amount of money they can afford, thinking of accepting defeat, then that person will not be addicted either.
But gambling addiction is a deep and terrible thing, everyone cannot always be right for their own purposes, they start gambling for entertainment but in the end they become addicted. So first you have to prepare yourself mentally, addiction can happen to anyone, it is not a matter of rich or poor. If the mentality is not right, even a rich person can become addicted, but we see in reality that the most of the time is that the rate of gambling addiction is much higher among the poor.

[hedgeh0g]

Poor people have a great desire to get rich, because it is as if it is an unattainable desire for them, an unattainable dream. And this forms a bias in them towards the idea that you can earn money with the help of gambling, and if this does not work out, then they find the last money to prove to themselves that it is possible, but usually desires do not coincide with reality, and sooner or later they face debts. But rich people have closed primary needs and perhaps even the need for self-realization, so some of them do not even know what to do with themselves and come to the game, starting as entertainment, and in the end they can lose everything.

I just think that among the rich there are much fewer who blindly believe in winning, because many of them know the price of success and how difficult it is to achieve. Probably the rich understand that there are many subtle points that need to be taken into account, and not just want to win and that's it. Although of course this does not change the fact that among the rich there are no addicts or those who have completely lost their business and all assets. You can never completely relax in the game, because you can lose everything very quickly, and it is better to give yourself a break if the loss limit is exceeded, so we can understand what happened and it does not matter whether we are poor or rich players, because losses happen to everyone.

[lionheart78]

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, 

The reason behind is that there are far greater numbers of poor and middle-class populations that are engaging in gambling than the rich ones thus there are more poor to middle-status people who gets addicted.

The possibility of getting addicted for both poor and rich people is the same but due to the greater number of poor people it looks like poor people are easily gett addicted to gambling which I think is a wrong assumption.

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.

It is not that the poor people are gambling the most, it is that there is more number of poor people who are engaging in gambling than the rich, but if we talk about the time spent on gambling, I think the richer one gives more time to gambling because they have the  wealth to do so.

[Dr.Bitcoin_Strange]

I just think that among the rich there are much fewer who blindly believe in winning, because many of them know the price of success and how difficult it is to achieve. Probably the rich understand that there are many subtle points that need to be taken into account, and not just want to win and that's it. Although of course this does not change the fact that among the rich there are no addicts or those who have completely lost their business and all assets. You can never completely relax in the game, because you can lose everything very quickly, and it is better to give yourself a break if the loss limit is exceeded, so we can understand what happened and it does not matter whether we are poor or rich players, because losses happen to everyone.

That's true, the rich knows the difficulty in making wealth and how easy it is to spend the money and with that knowledge, it will be difficult for them to just easily wasn't so much money in gambling because they know that gambling can not make them more richer rather it will make them go broke if they don't control how much that will be spent for fun.  I read a comment of someone that mentioned Drake, it's true that he bets with huge amount but yet we have not heard that he is broke, so he definitely is betting with the amount he can afford to lose and knows that he will make the money back from his sources of income. For the poor, a lot of them wants to be rich in just a short time, that's why they go for gambling and become addicted along the line.

[davis196]

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.

There are some rich and famous people, who are addicted to gambling. I've heard about Bruno Mars, Drake and Brazilian football player Neymar.
There's no verified data about the actual amount of rich gambling addicts. Even when a rich person is addicted to gambling, this isn't viewed as a personal tragedy, mostly because his addiction won't make him broke. Poor people getting addicted to gambling is a real social problem, because their addiction makes their financial situation worse and it hurts their families. Most poor people have low IQ and most poor people are financially desperate and lack education in how to handle their personal finance. That's is why most gambling addicts are poor.