Is gambling only for the rich People?

[junder]

For now, anyone can gamble. Gambling today is for those who have money to bet. 
Taking a loan to gamble is a wrong step in someone's life. You can work and earn money, and part of your money can be used to gamble. If you borrow money to gamble, then when you lose, the risk becomes greater. Even if you have money to pay back the loan, you must be willing for your needs to go unmet.

I agree with you, gambling is open to anyone who has money which is the primary requirement for gambling, because without it gambling cannot take place even though some people sometimes risk their own assets this cannot be done with online gambling.

Taking out a loan to gamble is a wrong step it can be the beginning of the ruin of one’s life. People like this are those who gamble for money and the act of borrowing money stems from their inability to control themselves.

[arwin100]

For now, anyone can gamble. Gambling today is for those who have money to bet. 
Taking a loan to gamble is a wrong step in someone's life. You can work and earn money, and part of your money can be used to gamble. If you borrow money to gamble, then when you lose, the risk becomes greater. Even if you have money to pay back the loan, you must be willing for your needs to go unmet.

I agree with you, gambling is open to anyone who has money which is the primary requirement for gambling, because without it gambling cannot take place even though some people sometimes risk their own assets this cannot be done with online gambling.

Taking out a loan to gamble is a wrong step it can be the beginning of the ruin of one’s life. People like this are those who gamble for money and the act of borrowing money stems from their inability to control themselves.

Its designed to be open for everyone, since this is what the gambling operators want to happen. Because if their casino would became accessible to lots of people, they could gain lots of profits. This is dangerous because in this situation it can harm lots of people.

That's why I sometimes I agree on the regulation done by government, so that they can at least lessen the numbers of people got affected on gambling addiction. Much better if they rise the minimum deposit limit so that this platform could be accessible only to capable or rich individuals and so poor people will not think about gambling.

Taking loan to gamble is one of dumbest decision to do and people should not think about doing this, since they can go broke especially if they can't pay back their obligations.

[uneng]

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.

It means I had a wrong perception, expectation and mindset towards gambling. It means I spent money I should be investing and making grow on long term. However, it's not usual to reach that awareness level before hitting a long loss streak. It's only after you lose money that you understand you are wasting resources which could be growing and returning gains for you along the time.

To place micro bets like 1 satoshi or 1 cent wouldn't be an issue, but for real, it doesn't work like that. Gamblers are never satisfied with micro bets, and to spend 10$ on gambling for a poor individual is much more impacting than a 1000$ bet for a rich guy... So gambling is definitely not for the poor.

[Aanuoluwatofunmi]

Gambling is for everyone and there is no segregation to who should gamble or not be it a poor person or a rich fellow, once you have the capacity to afford gambling then you are free to choose a casino of your choice and Gamble as you may want it, the most interesting part of it is that one has to plan accordingly for himself when gambling so that you will be able to responsibly gamble and have a more better experience from it.

[nara1892]

Gambling isn't for the rich or the poor, but for those who can afford to lose without feeling disappointed or hurt when they lose. This means gambling is for responsible individuals, regardless of their financial situation.

Taking out a loan to gamble implies a lack of financial ability, and it also means gambling isn't for you, regardless of the risks involved.

[qwertyup23]

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?

First of all, why on earth would you ever take a loan in order to gamble? That's basically financial suicide if you do that given that you double the risks of you losing money in the process. This can also snowball into a bigger debt that can affect you in the long run.

Gambling is not exclusively for the rich but the latter can comfortably gamble without having to worry about their finances. I personally know a lot of people who are not that rich but they gamble consistently. Some gamble purely for entertainment; but majority of them gamble primarily for profit.

In conclusion OP, gambling is not only for the rich because it applies to everyone of the same class. However, the rich have the luxury to gamble and not to worry too much on the amount they wager because they can sustain such habit.

[Alex077]

Can the rich easily forget about losing money? I don't think so. It all depends on how a person got rich. If they simply inherited money or are the child of wealthy parents, they won't value their money and likely won't be skilled enough to manage it. If, however, a person has become wealthy through their own efforts, they will know the value of their money...

Interesting point, and yeah, there’s definitely some logic to it. But I wouldn’t split it so strictly into “inherited money = don’t value it” and “self-made = always value it.”
But it’s not a guarantee - even among self-made individuals, there are plenty who overestimate themselves and end up losing big amounts, especially when it comes to gambling.
For me, it’s not about the origin of the money - it’s about your approach to risk and how disciplined you are financially. Rich people can afford to gamble big, so it may not feel that painful in the moment - but the actual losses can be enormous.

[jeremypwr]

Gambling is for all kinds of people, the poor, middle class and the rich.
Taking a loan for gambling is not a good idea and I would not recommend anyone doing such a thing.
You could really dig yourself into a big ditch doing this; figuratively and literally.

[Wakate]

The people that gambles most times are those that don't have adequate finance to take care of their bills and this is why we are seeing more of the average people gambling to make money and take care of their needs. The rich also gambles but the percentage of the rich that gambles are less compared to others that are gambling to make money.

[Findingnemo]

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.

First things first, no one should gamble with loan money, that is the stupidest idea to make money but unfortunately, there are a lot more stupids are out there living. Rich or poor doesn't matter when they follow the responsible gambling and the very basic thumb rule of don't wager more than what you can afford to lose.

And the thought of rich can just accept their loss and move on is not true, rich people make bigger bets as per their risk tolerance so if they lose then it is going to be the same way as everyone.

[shawonngp]

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.

It's totally wrong of you, gambling is only for the rich. Are these rules mentioned anywhere? You can deposit any amount on many casino sites. I don't remember the name at the moment. I also gambled with a 0.02$ amount on such a site, which means you need a lot of money to gamble. I don't agree with this concept. Gambling provides equal service for everyone. Some people gamble at high odds, and others play very small stakes. It depends on their capabilities. You can say that rich people don't lack money even after losing. They have funds to make big stakes. There is no condition that you have to have a large amount to gamble. So those who have less capacity can gamble with small amounts.

[Gost ms]

If we talk about rich people then it is completely different. Because every rich person gambles by managing their financial situation properly and about 80% of them gamble within their financial situation properly. Because they have a lot of money they can easily forget the amount of their loss and gamble again.

But if we talk about a poor person then we will see that they are completely different or completely opposite to a rich person. Because a poor person gambles without depending on his financial situation. Many times they gamble with the money they need and when they face a loss they cannot forget the amount of this loss. If a poor person gambles within the financial situation properly then even if he loses then the amount of this loss will not be able to harm him much.

[DrBeer]

Is this a reasonable topic Op? Gambling is for everyone the poor play gambling than the rich people out there, gambling is for  greedy people, is greed that make people to gamble, we all want to make quick money without putting in much work. The poor play gambling to be rich while the rich play gamble to double their money.

It's not just for the rich, rate of rich people in gambling are low, because they're engaged with businesses and work while poor people are always available to gamble, that's why the poor are theost addicted gamblers in the world, they hope on gambling to pay bills and for survival.

That’s very well put, but it’s worth clarifying a few points and adding the following:
- Wealthy, successful people do not view gambling as a way to increase their wealth.
- Poor people often delude themselves into thinking they can win at gambling and the lottery, believing that “if I spend more money on it, I’m sure to get lucky.”

The key difference lies in how we view gambling! I consider it acceptable and normal, provided that you treat it as ENTERTAINMENT and not as a way to make money! And that is the key difference.

[Royal Cap]

Actually, rich people often take calculated risks because they have a higher tolerance for losses, so they can get back up even if they lose. But calling it just gambling is a bit one sided, sometimes it is also a calculated risk.

And in the case of poor people I think the issue is a bit sensitive. Sometimes they take risks out of compulsion or in the hope of getting something quickly, but the problem is that they don’t have a backup, I think the real difference is not money, but making decisions based on understanding finance. In any case if you calculate, the losses will be less, otherwise both the rich and the poor will have problems.

[Franklyn-wood]

For now, anyone can gamble. Gambling today is for those who have money to bet. 
Taking a loan to gamble is a wrong step in someone's life. You can work and earn money, and part of your money can be used to gamble. If you borrow money to gamble, then when you lose, the risk becomes greater. Even if you have money to pay back the loan, you must be willing for your needs to go unmet.

I agree with you, gambling is open to anyone who has money which is the primary requirement for gambling, because without it gambling cannot take place even though some people sometimes risk their own assets this cannot be done with online gambling.

Taking out a loan to gamble is a wrong step it can be the beginning of the ruin of one’s life. People like this are those who gamble for money and the act of borrowing money stems from their inability to control themselves.

Many people are making wrong decisions with the life style the indulge in. As the go extra mile to invest in bets with aim to make more profits and make turnover with it as quick as possible.
In my own believe gambling should be for any one who is interested in it, or finds pleasure in doing it. As some do it as a means of having fun. Gambling should not be done with greed and emotions as it can lead to a lot of things in the future.

[HelliumZ]

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.

If he participates in gambling in a controlled manner, it will not depend solely on whether he is rich or poor. But if someone participates in gambling in an uncontrolled manner, then no matter how rich he is, he will lose money in gambling and go bankrupt.
I have seen many poor people run away bankrupt by taking out loans on gambling bets, and I have even seen many rich people who become poor by gambling uncontrollably.

[DrBeer]

Actually, rich people often take calculated risks because they have a higher tolerance for losses, so they can get back up even if they lose. But calling it just gambling is a bit one sided, sometimes it is also a calculated risk.

And in the case of poor people I think the issue is a bit sensitive. Sometimes they take risks out of compulsion or in the hope of getting something quickly, but the problem is that they don’t have a backup, I think the real difference is not money, but making decisions based on understanding finance. In any case if you calculate, the losses will be less, otherwise both the rich and the poor will have problems.

The wealthy can afford to lose, but it’s a calculated loss, and it’s likely part of their image (Las Vegas, Macau, Monaco, ...); for the poor, however, it’s an attempt to “get rich quick” through winning, relying solely on luck and chance.
 For the latter, this usually ends sadly... Rich people know how to count money and assess risks... The poor lack this skill, so they often act in a primitive manner

[|MINER|]

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.

If you visit a casino on current days then you will find that even if you want to bet only 5cents then there is also way for that, if I named a casino JacksClub then you will be able to make wager bellows 5cents even some minimum deposit could be $0.10+ but still very low amount. And I think even a begger of the street can also afford like this kinds of fund for playing gambling and enjoy.
I also think that there is a lot of people who were in the middle class or lower class  income who can afford that make a dedicated  budget for  gambling and so I also think you don't need to make millions of dollars or thousands of buck in a single wager and also you don't need to be a billionaire rich man for gambling.

[r_victory]

Gambling is for everyone, but not everyone can afford the potential losses. Taking out loans is always a terrible idea. If you don't have money to gamble, simply don't gamble. I know people who aren't rich, gamble daily, and have no debt. I also think it's wrong to assume that rich people don't care about losing money because, generally, only those who know how to manage their finances manage to get rich, and they didn't achieve wealth by being careless with money.

[Marykeller]

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.

Is that the best way to live, fleeing and moving to another city? For how long will someone be doing that? If it is someone who has a family, they will leave their family behind to flee because they owe a loan

Taking a loan to gamble is not only the poor that lives with such an attitude. The rich do the same. Many businesses of the rich have collapsed because their owners find themselves gambling each time they have cash on their hands. It never stops happening because we have addicted gamblers who are rich or poor