Why don't the rich people get addicted easily?

[|MINER|]

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.

Before going to the answer I have to give you a data from the world population, currently world population is around 8.1 billion, where I found that only ~1-2% of all population are in the upper class I mean the rich people. And its around only 80 to 160 million people where world population is 8.1 billion.

So isn't it quite natural that the number of people addicted to gambling will also be lower than the number of people with fewer numbers?

[red4slash]

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

What I'm focusing on here is their finances, which is the difference that makes this one of those things that can't be equated between the rich and the poor.

Regardless of whether the views of the rich are gambling for pleasure or whatever, they will not be too affected by the amount of money they spend because they realize that the amount will not bother them too much even if they lose the money.
But for the majority of poor people, sometimes they want to gamble in order to improve their financial condition but on the other hand they are also afraid of losing the money they deposit because on the one hand it could be the result of what they get as a whole on that day which makes them only want to focus on fun but don't want to get the risk which in gambling is clearly inseparable.
In addition, most of the rich people realize that they still have a lot of things to do so the focus is not only on gambling but unlike the poor people who sometimes always make this the final focus with the same hope that they want to improve their finances quickly and gambling is one of the things they choose as a solution.

[madnessteat]

You raised a very interesting point. I think that in many cases, those with fewer resources end up getting more involved with games, often as an attempt to change their lives or escape difficulties. But I also see that addiction can affect anyone, regardless of social class, but with different reasons and consequences.

But this topic made me wonder: is it the hope or the despair that people feel when they decide to play that weighs more heavily? 

I completely agree that people are susceptible to gambling addiction and other addictions regardless of their financial well-being. It's just that people with below-average incomes have a fairly limited list of entertainment options, in which gambling plays a significant role, as it is a relatively inexpensive form of entertainment that allows you to get a dopamine and adrenaline rush without even leaving your home, with just $5-10 in your pocket.

[LUCKMCFLY]

Rich people do gamble always but lowkey and that's one of the major mistakes why rich people become poor again, because of greediness in gambling. You don't often see rich people gamble in public places and that's the reason why we mostly see poor people get addicted to it and lose a lot of money.

Rich people sometimes are in private places gambling with other rich people, you can't actually see them on normal casinos or any platforms, they don't like to gamble with small fishes. Why would you gamble in small stakes if you already have a lot, that's a mindset of rich gambler, they want more and that's the reason they fall down too.

You're right, another somewhat strange but valid reason is that every rich person has a fairly large degree of being egotistical and that is something that is very characteristic of most of them, so in view of this, it could be said that rich people are not opposed to playing a lot in casinos risking a lot of money, because they take great care of their money, they don't like to lose it and they know that in casinos it is easy to lose.

[Wapfika]

You're right, another somewhat strange but valid reason is that every rich person has a fairly large degree of being egotistical and that is something that is very characteristic of most of them, so in view of this, it could be said that rich people are not opposed to playing a lot in casinos risking a lot of money, because they take great care of their money, they don't like to lose it and they know that in casinos it is easy to lose.

Rich people have a good source of income to fund their gambling. Most of them just use gambling as stress reliever so even losing some is already fine with them because they can easily earn it back while they have some fun on their free time.

They use gambling the way it was intended which is source of fun since most of rich people doesn’t have a legit social life due to their business or work habits.

Aside their value their money, they have huge funds for them not to cling on gambling to win more.

[HelliumZ]

You're right, another somewhat strange but valid reason is that every rich person has a fairly large degree of being egotistical and that is something that is very characteristic of most of them, so in view of this, it could be said that rich people are not opposed to playing a lot in casinos risking a lot of money, because they take great care of their money, they don't like to lose it and they know that in casinos it is easy to lose.

Good information where a rich person always wants to get richer with his money and is always busy competing with the rich. He understands the value of money and does not want to waste his money easily, which is why rich people are less addicted to gambling. But in the case of poor people, they do not understand the value of money and sometimes, due to excessive greed, they want to earn money in the easiest way, which they find in gambling. That is why a poor person is more easily attracted to gambling than a rich person.

[eisen33]

You're right, another somewhat strange but valid reason is that every rich person has a fairly large degree of being egotistical and that is something that is very characteristic of most of them, so in view of this, it could be said that rich people are not opposed to playing a lot in casinos risking a lot of money, because they take great care of their money, they don't like to lose it and they know that in casinos it is easy to lose.

Your words contradict themselves: you say that rich people don’t mind gambling in casinos, risking large amounts of money, but they do this because they are very careful with their money. I disagree with this. If you are careful with your money, you would never risk large sums in any kind of gambling situation, including casinos.

If you are truly careful, you either wouldn’t gamble at all or you would manage your risks in a way that focuses on preserving your money. I believe that wealthy people are mostly like this, because otherwise they wouldn’t have been able to achieve the fortunes they possess.

[giammangiato]

It's not exactly what you think my friend, those who don't even reach the standards of a middle class and are addicted, precisely don't
get there because of their addiction.
The rich, I know two in particular, who really have an empire both in real estate and economically stable, despite their
addiction to gambling do not suffer.
Sure they have big losses, but their fortune is precisely that they manage to balance with the resources at their disposal.
This does not mean that they are immune from total failure, with the huge sums they spend monthly with gambling,
it also happens that they manage to win enough and more to play again the following month.
As they say, money brings more money, this is a fact! But in gambling it is only risk.
Nothing ventured, nothing gained!

[nara1892]

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 I should add another more detailed and reasonable reason why most of those who are addicted or involved in gambling are poor people, the worrying financial situation in my opinion is one of the biggest triggers that continue to encourage poor people to try gambling again and again, I am sure there must be many poor people who try to make gambling an alternative to overcome the financial problems they are experiencing and not infrequently I also hear those who say that gambling is a get-rich-quick scheme. Unlike rich people, rich people know how to use and utilize their money properly.

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.

I don't think we can just conclude that rich people have more time to gamble, as far as I know rich people are usually very busy but you are right that rich people have more opportunities to gamble because they have more money than poor people, but even if rich people have free time I'm not sure they will use all their time just to gamble, usually they prefer to use their time for something more useful.

[Ricardo11]

You're right, another somewhat strange but valid reason is that every rich person has a fairly large degree of being egotistical and that is something that is very characteristic of most of them, so in view of this, it could be said that rich people are not opposed to playing a lot in casinos risking a lot of money, because they take great care of their money, they don't like to lose it and they know that in casinos it is easy to lose.

Good information where a rich person always wants to get richer with his money and is always busy competing with the rich. He understands the value of money and does not want to waste his money easily, which is why rich people are less addicted to gambling. But in the case of poor people, they do not understand the value of money and sometimes, due to excessive greed, they want to earn money in the easiest way, which they find in gambling. That is why a poor person is more easily attracted to gambling than a rich person.

A rich person, despite having a lot of money, is much more firm in managing their money. Just as a poor person spends his money in the wrong places without control even with his small and limited income, a rich person has a lot of money, but he does not spend money where he does not need it. But yes, one thing is definitely true that a rich person spends a extra more on the things he needs, such as eating at expensive restaurants, giving parties, traveling, even though it is expensive, but these are some of their also needs and they definitely do it. But this thing is not something that a poor person can do easily even if he wants to. But overall, if it comes to spending money without any need, then in this case most of the poor do these things, and this is gambling.

[gunhell16]

You're right, another somewhat strange but valid reason is that every rich person has a fairly large degree of being egotistical and that is something that is very characteristic of most of them, so in view of this, it could be said that rich people are not opposed to playing a lot in casinos risking a lot of money, because they take great care of their money, they don't like to lose it and they know that in casinos it is easy to lose.

Your words contradict themselves: you say that rich people don’t mind gambling in casinos, risking large amounts of money, but they do this because they are very careful with their money. I disagree with this. If you are careful with your money, you would never risk large sums in any kind of gambling situation, including casinos.

If you are truly careful, you either wouldn’t gamble at all or you would manage your risks in a way that focuses on preserving your money. I believe that wealthy people are mostly like this, because otherwise they wouldn’t have been able to achieve the fortunes they possess.

The logic behind it is that they are just being careful and they are really taking care of what they have worked hard for, while in gambling we know that their funds that they put into the casino will only burn and burn.

Often in casinos, gamblers only lose and the winners are very few, so we must be prepared for this situation and situation.

[Adbitco]

Most rich people are actually addicted to gambling and you wouldn't truly know because we don't often venture into were they are gambling normally which is mostly in Casino houses unlike the normal bets that we that allows all kinds of people in from all spheres of life. These guys are so addicted that they lose fortunes while gambling, some of them go bankrupt and run in debts running into millions of dollars.

[Oluwa-btc]

The rich gets attracted to Gambling but in a less destructive manner because they take gambling as an entertainment and a source of networking.Other ways,the rich doesn't consider Gambling a financial strategy or a means to increasing financial strength and make higher returns.However,I believe the rich don't easily get addicted to Gambling since the perceptive indulgence differs.

[Jewan420]

When you already have a lot of money and you are earning money regularly, then why do you have to take a risky path to earn money? Because you are earning a lot of money in a safe way. Even a truly rich person knows what is good for him and what is harmful for him. Because he has recognized the reality in the beginning to become rich and has learned the difference between good and evil in the pit. Even because he has been able to give up bad addictions, you call him a rich person today. Imagine, a person is addicted to drugs or gambling, then is it possible for him to become rich by earning money? No. Because he already believes in enjoyment, not saving.

[LFC_Bitcoin]

I don’t know if I agree that poor people seem to be more often addicted to gambling than rich people. Maybe there’s that perception because poor people can’t afford it and it ruins their life due to struggling to pay bills and pay for life necessities etc as a result of their gambling so it’s more highlighted.

Many people have addictions, some very famous, wealthy people struggle with addictions so I don’t see why gambling wouldn’t affect them too. Maybe being rich means they can still pay for everything but they’re still addicted.

[tygeade]

Poor people often gamble because they think that winning in gambling could change their lives. They both can be prone to addiction, but yes, mostly poor people fall into it as they can't control themselves. Their goal is to make money, while rich people just gamble for fun.

There is no wrong in gambling, but relying on this as our source of income can be terrible and a big mistake. We never have to consider gambling as our last resort because it ruins our lives once it becomes uncontrollable.

Even if someone who is poor doesn't consider gambling a source of income, they can still get addicted to it because as you said, they expect to have their lives changed through gambling because they know that gambling can do that despite the fact that the odds for that happening are extremely tiny and only a very small percentage of people in the whole world have their lives changed by gambling and they are the most luckiest people because it's not a common occurance where a person wins a life changing amount from gambling that too using a vey low bankroll because someone poor won't have large funds.

The rich on the other hand don't care about anything when they gamble. Most of them do it as an amusement to get themselves entertained, they go out with friends or colleagues, spend a few thousand dollars on gambling, get back, and that's it. That kind of money doesn't affect their wealth and that's why it doesn't have any mental pressure on them as well. That's why they don't get addicted easily because the biggest reason why people get addicted to gambling is because they try to chase their losses.

[GIF-JOBS]

The rich gets attracted to Gambling but in a less destructive manner because they take gambling as an entertainment and a source of networking.Other ways,the rich doesn't consider Gambling a financial strategy or a means to increasing financial strength and make higher returns.However,I believe the rich don't easily get addicted to Gambling since the perceptive indulgence differs.

I agree with you, a rich person never gets addicted to gambling, because he never expects high profits from gambling, they have no need for money, so they don't expect to gain money from gambling, there is no problem even if they lose their money. They are the ones who can basically enjoy gambling in the right way and with the right perspective, and they never progress towards addiction.

[arabspaceship123]

Rich ppl can get addicted to gambling like poor ppl can. Rich ppl have got more money than average or poor ppl but it doesn't matter because status & class doesn't protect ppl from getting addicted.

[Fivestar4everMVP]

I don’t know if I agree that poor people seem to be more often addicted to gambling than rich people. Maybe there’s that perception because poor people can’t afford it and it ruins their life due to struggling to pay bills and pay for life necessities etc as a result of their gambling so it’s more highlighted.

Many people have addictions, some very famous, wealthy people struggle with addictions so I don’t see why gambling wouldn’t affect them too. Maybe being rich means they can still pay for everything but they’re still addicted.

Yeah, you are absolutely right, addiction know no poor man or rich man when it's invited and it comes, any body in any financial status or bracket can get addicted if and when he or she gambles recklessly..

But the thing is, a rich man's addiction to gambling isn't always an issue or a big problem because he is rich and can still afford to pay his bills regardless of how much he gambles, and often times, because the man can still afford good life easily, its pretty hard to people around to believe that he is actually addicted..
When it becomes a problem is when the rich man's addiction leads him to becoming poor, he is then assumed to be a man poor, he is counted and assumed that it's mostly poor people who are addicted to gambling, people forget that some of this poor addicted gamblers were rich, but became poor as a reason of their addiction to gambling..

[Cryptmuster]

The rich gets attracted to Gambling but in a less destructive manner because they take gambling as an entertainment and a source of networking.Other ways,the rich doesn't consider Gambling a financial strategy or a means to increasing financial strength and make higher returns.However,I believe the rich don't easily get addicted to Gambling since the perceptive indulgence differs.

I think that the rich are the same people, and they are also capable of succumbing to weaknesses and addictions. Some say that it is easier for the rich to gamble because they are more able to part with money, but I know rich people who are very thrifty, even too thrifty, and I know people who live from paycheck to paycheck and do not worry about saving somewhere and putting something aside.

So I can assume that it does not depend on the amount of money a person has, but on his attitude to money and his propensity to risk. Let's say a person can lead a wasteful lifestyle, but he will never play gambling, this also needs to be taken into account.