Is gambling only for the rich People?

[uneng]

I totally agree gambling is for the rich people, because they are the ones who can afford losing money. If that mindset was common sense, the number of problem gamblers and complaints involving gambling would be much lower. Everyone else can't give themselves the luxury to gamble, as there are more important and urgent matters to be concerned about.

Gambling is only affordable once you reach a stage in life when money stops being an issue or a source of worrying, meaning you have to be rich.

[Kelvinid]

Realistically speaking, gambling should only be for those who are making a decent income because even if they lose a lot, they will still earn it again from their high position jobs. Their finances are established well, and losses from gambling can never be felt as real losses for them.

On the other hand, if poor or average people gamble their money, once they lose, they will definitely struggle on their finances after. Their income is not that big and sufficient, it can hardly make ends meet for their family. So gambling will only be a waste of time and money for them, they should be working hard and increase their source of income instead to grow their earnings.

[CryptoHeadlineNews]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

But must you take a loan just to gamble? Why not use it for an investment instead, if truly you must take a loan. Because to be frankly speaking, I have always been one individual who always discourage gamblers wanting to take loan, simply because they wants to gamble. Knowing fully well the risk involved, and how hard the possibility of you getting back your money or win an interest on it is always slim with a very low chances of success.
So rating gambling now as for only the rich is actually ridiculous, because the last time I checked, people still gamble and place a bet with as low as $0.2 on majority of the slot games, and likewise Sport games has a minimum bet of $1.  So does it mean it's only rich people who can afford a single dollar? Because for the fact that rish people gambles with $100 to $100,000, that doesn't mean it's mandatory. Because inasmuch as there are room for different classes of people in the society, so is that applicable to the gambling community.

[Somto9Light]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

Why do you have to take out a loan to gamble? You can literally gamble without taking out a loan. A lot of us here in the forum gambles without taking out a loan. You don't have to be rich or have a lot of money in order to gamble, what's important is you can afford to lose the money you use for gambling.

Is not a good idea to take a loan just to gamble, which will put them in an unnecessary pressure, that will trigger their emotions and their lives, because no one can really predict how gambling will be, its not good to take risks when they are aware that there will no gain in it. So, they are just to gamble responsibly and save themselves from the stress and the pressure that comes alongside with irresponsible gambling.

[letteredhub]

I totally agree gambling is for the rich people, because they are the ones who can afford losing money. If that mindset was common sense, the number of problem gamblers and complaints involving gambling would be much lower. Everyone else can't give themselves the luxury to gamble, as there are more important and urgent matters to be concerned about.

How can you say gambling is only for the rich people, it's like saying it was invented for the rich and the poor are committing self damage for engaging. No. It's a game which every who must engage in must do with what they can afford to lose. We can't say the poor doesn't have what he can afford to lose, they probably don't keep to it, perhaps due to the greed to want to win some huge profits.

[odunybiz]

I totally agree gambling is for the rich people, because they are the ones who can afford losing money. If that mindset was common sense, the number of problem gamblers and complaints involving gambling would be much lower. Everyone else can't give themselves the luxury to gamble, as there are more important and urgent matters to be concerned about.

How can you say gambling is only for the rich people, it's like saying it was invented for the rich and the poor are committing self damage for engaging. No. It's a game which every who must engage in must do with what they can afford to lose. We can't say the poor doesn't have what he can afford to lose, they probably don't keep to it, perhaps due to the greed to want to win some huge profits.

Those that conclude that gambling is only for the rich are the group of people that gamble mainly for profit. They believe most rich people have enough they could use to bet to win big. Well, gambling is for both. If greediness isn't in you, you can gamble with the little you have and still have fun. Gambling should be fun and not a do or die stuff. Even if as a poor you can gamble this week, you can take a break and continue when you have a spare money. The best is utilizing the fun in gamble and not placing a burden of debt on yourself because you want to gamble.

[Agbe]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

Many people in my country take loans from banks to gamble and when they fail to repay they flee the area and move to another city.

Bank in my area has not given loan without a collateral. So even you run, it is not their problem, they will definitely collect what you used as collateral and if you use their apps to collect the loan and refused to pay back the loan, there is a new law that ban all your accounts which you can't make any withdrawal from any of your accounts. So it is better you pay the loan and enjoy your accounts. And as foe the topic, no, gambling is not only for the rich but also to the poor.

[Makus]

it doesn’t matter what class you belong in gambling isn't meant for just a specific a category of people, everybody can gamble but the problem is that poor get more addicted to it easily because of the expectations they have to win huge amounts of money. This is the reason why people say that gambling isn't for those that are poor because they get addicted to it easily. Even though gambling isn't meant for just some people it's important for anyone involved in it to always remember to do it responsibly and always learn to have limits.

[irhact]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

Many people in my country take loans from banks to gamble and when they fail to repay they flee the area and move to another city.

No serious individual should be taking a loan to gamble you can take a loan for investment or building a business but not to gamble and trying your luck in games that you can loose in minutes. Gambling should be done with spare money, it should be done with money that you won't be angry if you lose it than when it is money that you have to pay someone back and in most cases pay some interest on something that you have already lost. If you take that loan just to gamble then you will just be a frustrated individual, gambling is not meant for only rich people but for everyone it does not matter your status in wealth what matters is how emotionally you can control yourself if you lose or win.

[Odusko]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

Many people in my country take loans from banks to gamble and when they fail to repay they flee the area and move to another city.

Bank in my area has not given loan without a collateral. So even you run, it is not their problem, they will definitely collect what you used as collateral and if you use their apps to collect the loan and refused to pay back the loan, there is a new law that ban all your accounts which you can't make any withdrawal from any of your accounts. So it is better you pay the loan and enjoy your accounts. And as foe the topic, no, gambling is not only for the rich but also to the poor.

Not all loans demands a collateral man, because some banks most especially the digital wallets gives you loans based on your daily transactions volumes and how frequently you use your wallet and how much balance you always leave idle in that wallet, all of this are criteria their use to offer you loans up to 1 million naira depending on your loan eligibility.

[Miles2006]

No, gambling is not only for the rich. Gambling is general for anyone who’s smart enough to cut their coat according to their cloth basically this is a common idiom meaning a gamblers should be statisfy gambling within small circle or big circle depending on their financial ability. Reason why gamblers still get depressed is because they don’t gamble the amount they can afford to lose, saying only the rich forget the loss of money sounds wrong as a matter of fact gamblers in general feel bad whenever encountering losses but, it’s a different case when some gamblers try to challenge the casino during the process maybe by betting every amount hoping for a win definitely anyone in this situation will end up depressed after losing everything.
Secondly taking a loan to fulfill gambling desire is also a wrong step, anyone who’s financially stable or not should never think of taking a loan to bet obviously gambling is unpredictable so nothing is guarantee.

[Agbe]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

Many people in my country take loans from banks to gamble and when they fail to repay they flee the area and move to another city.

Bank in my area has not given loan without a collateral. So even you run, it is not their problem, they will definitely collect what you used as collateral and if you use their apps to collect the loan and refused to pay back the loan, there is a new law that ban all your accounts which you can't make any withdrawal from any of your accounts. So it is better you pay the loan and enjoy your accounts. And as foe the topic, no, gambling is not only for the rich but also to the poor.

Not all loans demands a collateral man, because some banks most especially the digital wallets gives you loans based on your daily transactions volumes and how frequently you use your wallet and how much balance you always leave idle in that wallet, all of this are criteria their use to offer you loans up to 1 million naira depending on your loan eligibility.

I don't know if you understand my comment. And I also said if you are taking money from their apps and refused to pay back the loan, they would block all your accounts since there is a general code that Linked all your accounts together. And CNB just gave order to ban loan defaulters. The collateral is for offline loans. But for the apps, there is no collateral but it is also dangerous. Please reread my comment again. I said something on their apps and you skip that part in your comment.

[SamReomo]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

Taking loan for gambling is the worst thing someone does and it's consequences can be very bad in long term. I'm someone who's against taking loan especially for gambling and those who're not rich and if they take loan and lose the money then there's no way how they'll pay the loan and the interests along with the loan. I suggest everyone to stay away from loans and only take loans when it's very needed but not for gambling.

[AmoreJaz]

it doesn’t matter what class you belong in gambling isn't meant for just a specific a category of people, everybody can gamble but the problem is that poor get more addicted to it easily because of the expectations they have to win huge amounts of money. This is the reason why people say that gambling isn't for those that are poor because they get addicted to it easily. Even though gambling isn't meant for just some people it's important for anyone involved in it to always remember to do it responsibly and always learn to have limits.

Gambling doesn't criticize if the person is rich or poor. Everyone is free to gamble and it depends on you how you will bet. And with online gambling sites, there's no criticism at all, no gender-biased treatment as well and everyone is welcome to play in their own terms.

[uneng]

How can you say gambling is only for the rich people, it's like saying it was invented for the rich and the poor are committing self damage for engaging. No. It's a game which every who must engage in must do with what they can afford to lose. We can't say the poor doesn't have what he can afford to lose, they probably don't keep to it, perhaps due to the greed to want to win some huge profits.

It's exactly what I'm saying: poor people are damaging themselvse for engaging in gambling. It's not for them, because they should have other priorities in life. How can anyone who barely have money to pay for basic expenses engage in an activity which is draining money on long run?

In some cases, that is why people are poor, because they don't manage their money properly. They waste money on ephemeral pleasures, while they should be saving and investing for the future.

Gambling is entertainment for the rich (thinking on this practice as a hobby, something to be done frequently). It has been always like this. Look the public land based casinos aim to bring to the house. Just now with online gambling the public target changed and virtual platforms started aiming the poor class to profit over quantity of players.

[Fivestar4everMVP]

The rich can easily forget the loss of money so they are ready to gamble at any time. If you take out a loan and lose money on gambling, how will you repay the loan?

Many people in my country take loans from banks to gamble and when they fail to repay they flee the area and move to another city.

Taking a loan to or for the sole purpose of gambling is really very sick choice of decision, what if they decide to take the loan and set a business, wouldn't this be more profitable than spending borrowed money on gambling.

So Let me say that in as much as gambling is open to every body in every asset and financial class, I would still say that the rich still enjoy gambling far more than the poor people, and this is because when a rich man loses money to gambling, there is always something to eat and live well regardless of the outcome of the gambling outcomes

But for the poor man, the story is absolutely different, a poor man who loses money he or she can't afford to loose to gambling have gotten himself into trouble, meanwhile this is nothing for the rich 😁

[letteredhub]

How can you say gambling is only for the rich people, it's like saying it was invented for the rich and the poor are committing self damage for engaging. No. It's a game which every who must engage in must do with what they can afford to lose. We can't say the poor doesn't have what he can afford to lose, they probably don't keep to it, perhaps due to the greed to want to win some huge profits.

Those that conclude that gambling is only for the rich are the group of people that gamble mainly for profit. They believe most rich people have enough they could use to bet to win big. Well, gambling is for both. If greediness isn't in you, you can gamble with the little you have and still have fun. Gambling should be fun and not a do or die stuff. Even if as a poor you can gamble this week, you can take a break and continue when you have a spare money. The best is utilizing the fun in gamble and not placing a burden of debt on yourself because you want to gamble.

I didn't move thought close to that part about gambling for profit concentration by this group of people with this ideology that gambling is made for the rich alone. Perhaps the idea is that those who gamble are gambling to scale the fence of poverty to the other side of the rich. Truth here is that it doesn't cost much to gamble, it's just about knowing what to throw in and what not to, when to gamble and when not to.

[bakasabo]

I totally agree gambling is for the rich people, because they are the ones who can afford losing money. If that mindset was common sense, the number of problem gamblers and complaints involving gambling would be much lower. Everyone else can't give themselves the luxury to gamble, as there are more important and urgent matters to be concerned about.

Gambling is only affordable once you reach a stage in life when money stops being an issue or a source of worrying, meaning you have to be rich.

Losing money = spending money in some way. I think everyone can afford to spend money on things they want. Gambling also allow to place tiny bet. I think almost everyone is able to bet 1 cent or 1 satoshi. Does it makes everyone rich, because they can afford to lose that?

Now a tricky question, have you ever gambled? I am sure that you have. Then it means you are rich person, and there are large number of rich people around us/on this forum. What cant be true, because there cant be so many rich people in the world, and in one place.

[fortunecrypto]

Many people in my country take loans from banks to gamble and when they fail to repay they flee the area and move to another city.

Before you take out a loan, you are subject to your lender's terms. The lender knows that if you cannot pay a loan, you could run or hide, so they know how to deal with this kind of borrower. If there is fraud, they can charge you, and the authorities can issue a warrant of arrest, so you will end up hiding as a criminal for the rest of your life.
You could end up in jail if you take a loan to gamble and run away. This is the fate of gamblers who are addicted and rely on loans to gamble.

[Mpamaegbu]

The rich can easily forget the loss of money so they are ready to gamble at any time.

That will depend on how much is staked. The rich also cry. If the amount staked is huge, surely they will feel the bite too like poor people do when they gamble with the little they've.

Many people in my country take loans from banks to gamble and when they fail to repay they flee the area and move to another city.

That's a wrong move, to take out loans for gambling. What's the essence? Again, fleeing to another country shows they're intentionally mischievous. It's not that they didn't have money of their own to gamble with. It takes money to move to another country. Anyone who can afford to move to another country isn't supposed to borrow to gamble. They should rely on their own money, no matter how little it's.