Why does the rich gamble.

[SFR10]

each time a rich man looses money to gambling there will be no sleepless moment because he can afford to loose such big amount of money.

In most cases, this might be true for their first few losses... Still, eventually it'd mess with their brains, since some of these so-called rich gamblers tend to use a few percent of their wealth, rather than just a portion of their allocated money. It's also worth noting that a lot of those who were high rollers have lost almost everything due to addiction and now are part of the other group that you mentioned [in other words, regardless of the amount involved, without self-control, you'll always get the same outcome].

[Don Pedro Dinero]

What is your take on this?

First, that most of them don't gamble. Wealthy people gamble far less frequently than those on low incomes.

Then, you have to bear in mind that those rich people you see betting on social media either have a sponsorship deal with the bookmakers or are nouveau riche like Mayweather, who end up losing it all (not just through gambling, but through poor money management in general).

Finally, there are some wealthy people who know a great deal about money management and can afford to visit the casino from time to time – such as someone passing through Monaco who pops into the casino one evening – but it’s just a pastime, and they won’t bet a percentage that would pose a problem for their income or wealth, however high those sums may seem to us.

[Julien_Olynpic]

Rich people are just like everyone else, they're just rich, lol. And they can have the same feelings and emotions as poor people. They might gamble for fun, for the thrill, playing for the first time for a dopamine rush, playing to reminisce about their youth, playing to test out some new technology, and a thousand other reasons. Of course, the motivation for gambling isn't always the desire to get even richer. Although that reason can't be denied.

[Kelward]

Anybody can gamble for money whether rich or poor but I can agree that more rich people gamble for fun while more poor people will gamble for money but it doesn't mean that gambling cannot be the opposite for each of the class. I believe that some rich people might not have the intention of making money from gambling but that doesn't stop them from gambling irresponsibly and getting addicted. Maybe due to some emotional stress they see gambling as an escape route to forget their problems and they will begin to gambling excessively without a care about how much they lose. A rich person can become addicted to gamblinng not necessarily that they want to get richer from it.

[tread93]

There are rich people who play gamble, and I think the idea is not to get richer with gambling. I believe the rich people gamble more for fun since gambling is not their main source of income, and each time a rich man looses money to gambling there will be no sleepless moment because he can afford to loose such big amount of money. But unlike the rich people, the poor people gamble not for fun, but with the feeling to make money from gambling, and each time such poor gambler looses money, he or she faces sleepless moment, and they gamble more often striving to record wins.

Out of 100% of gamblers, I think about 2- 3 % should boast of getting rich from gambling. The rich focus more on investment, because that is where their main wealth come from, and only see gambling as a fun, and not their main stream of income.

What is your take on this?

I mean it all comes down to your habits. When you see that opportunity you have to take it. It is the tipping point for your future and whether the rich or poor are gambling they are both in it for the what? The money man. It's all the same odds why treat it any different. Whether the rich man or the poor man gamble the poor man will always have more to lose than that of a rich man foe obvious reasons. They knew what they were getting themselves into when they gambled

[Outhue]

There are rich people who play gamble, and I think the idea is not to get richer with gambling. I believe the rich people gamble more for fun since gambling is not their main source of income, and each time a rich man looses money to gambling there will be no sleepless moment because he can afford to loose such big amount of money. But unlike the rich people, the poor people gamble not for fun, but with the feeling to make money from gambling, and each time such poor gambler looses money, he or she faces sleepless moment, and they gamble more often striving to record wins.

Out of 100% of gamblers, I think about 2- 3 % should boast of getting rich from gambling. The rich focus more on investment, because that is where their main wealth come from, and only see gambling as a fun, and not their main stream of income.

What is your take on this?

Maybe you should question those rich people? Because there are few of them who have actually made alot of money from gambling, maybe gambling is even a part of the reason why they got rich? If I see any rich person that is gambling I am asking these questions right away, maybe there is something they know that we normal people don't know.

Also rich people will be very comfortable with gambling because they have nothing to lose, when you have all the money you wanted doing anything feels like breeze, the calmness alone will make you derive pleasure and fun, something that most gamblers can't do because they are into gambling to make money.

[summonerrk]

There are rich people who play gamble, and I think the idea is not to get richer with gambling. I believe the rich people gamble more for fun since gambling is not their main source of income, and each time a rich man looses money to gambling there will be no sleepless moment because he can afford to loose such big amount of money. But unlike the rich people, the poor people gamble not for fun, but with the feeling to make money from gambling, and each time such poor gambler looses money, he or she faces sleepless moment, and they gamble more often striving to record wins.

Out of 100% of gamblers, I think about 2- 3 % should boast of getting rich from gambling. The rich focus more on investment, because that is where their main wealth come from, and only see gambling as a fun, and not their main stream of income.

What is your take on this?

Or maybe the rich, on the contrary, find it more difficult in gambling because they are used to having control over situations in their lives. And gambling is exactly where it is not a person who controls the situation with winnings, but randomness and randomness. Therefore, they must have very good self-control, because if a rich man does not know how to pull himself together, then he can get angry at his losses and start playing in the casino absolutely uncontrollably, losing money endlessly. I am sure that such cases happen every day.

[lovesmayfamilis]

Gambling is a priority and was invented for rich people. Those who have no problems meeting their basic needs will find it easier to part with money, play more often, and thereby replenish profits at the casino itself. These are obvious things, normal to understand. Rich people are often fed up with many things; they are bored, and gambling tickles their nerves a lot.

Another question is about the attitude of poor people hoping to get rich by gambling. I don't want to judge them or blame them; everything that comes into my thoughts about them is just pity. However, as long as people are alive, they have a choice of how to live and how to build their lives, and there is always the opportunity to change their lives for the better. Poor people are not always poor. The reason for their poverty, laziness, unwillingness to improve their skills, and desire to get rich quickly proves their stupidity.

[sotelorene]

There are rich people who play gamble, and I think the idea is not to get richer with gambling. I believe the rich people gamble more for fun since gambling is not their main source of income, and each time a rich man looses money to gambling there will be no sleepless moment because he can afford to loose such big amount of money. But unlike the rich people, the poor people gamble not for fun, but with the feeling to make money from gambling, and each time such poor gambler looses money, he or she faces sleepless moment, and they gamble more often striving to record wins.

Out of 100% of gamblers, I think about 2- 3 % should boast of getting rich from gambling. The rich focus more on investment, because that is where their main wealth come from, and only see gambling as a fun, and not their main stream of income.

What is your take on this?

I think this is an ordinary assumption and not fact because different people have different mindset why they gamble and I'm sure not all rich that gambles do gamble for fun, some gamble to make more money and the only time or moment you see a rich folk lose money and don't think about it, is because that is what they can afford to lose same thing is applicable to some average gamblers or gamblers that are not rich, they don't feel bad or disturbed whenever they lost money they can afford to lose especially those that understands winning is not guarantee.

[Bitcoin.com97]

In as much we view gambling as for fun , the truth is that even the rich that you see that they gamble for fun don’t be surprised they also want to make money from gambling, if not why will they be consistent in gambling, I know one rich man , he has so much investment, but he gamble everytime and once he loses, his so hurt , because his a high staker and his target are always maximum amount the gambling site can offer , his was opportune to win 50m , when SportyBet maximum was 50m, after they increased their maxi , he began to increase his stake no matter how small or large his games is , he will stake with big amount , he began to chase more win , those rich people have problems, they own banks and need more money to sort somethings , the only difference is that their problems are not like the poor once , and the poor gamblers many show so much eager to win and so much pains when lose, but the rich can’t act that way, this is just my view .

[TheUltraElite]

Gambling habit does not discriminate between the rice and the poor. The habit is hardwired in the mind of every human being - that risk taking habit is there and just needs to be woken up. So the rich will gamble and will do so with much higher capital, eventually being able to sustain for longer periods than a poor person if they do is correctly. In doing so they will make a good amount of money if they get lucky or get bankrupt just like any other pleb.

The people who are consistently enriching themselves are not gambling but running the casino or making investments in stuff that we will never be able to get our hands on.

[taufik123]

-snip-
Another question is about the attitude of poor people hoping to get rich by gambling. I don't want to judge them or blame them; everything that comes into my thoughts about them is just pity. However, as long as people are alive, they have a choice of how to live and how to build their lives, and there is always the opportunity to change their lives for the better. Poor people are not always poor. The reason for their poverty, laziness, unwillingness to improve their skills, and desire to get rich quickly proves their stupidity.

They just look at how people get big jackpots from gambling and they think that they can also with a little capital.
Even though they don't know what exactly happened behind the victory, it could also be an advertisement that has been set up so that many people are interested.

Many people are poor, but the types of poor people who will never progress are the mindset of those who always want to be instant and do not want to try more, always lazy, reluctant to explore their potential.
When they are given a victory they forget how to stop and are grateful for the victory they got.

[jcojci]

@OP said right about the different of rich and poor people. Rich people focus on investment and make more money but poor people focus on making money from many ways they know even playing gambling. Rich people could only have fun inside gambling and not thinks about win or lose, just have fun and spends some money they can. But poor people could spends their entire money to chase the win which makes them lose everything.

Rich people build their relationship among other gamblers as they will go to the place for other rich people so they can meet those people and gamble together. If they get the same reasons and purposes, they could make a relationship and may becomes partner in business.

[ZeroVinsonN]

There are rich people who play gamble, and I think the idea is not to get richer with gambling. I believe the rich people gamble more for fun since gambling is not their main source of income, and each time a rich man looses money to gambling there will be no sleepless moment because he can afford to loose such big amount of money. But unlike the rich people, the poor people gamble not for fun, but with the feeling to make money from gambling, and each time such poor gambler looses money, he or she faces sleepless moment, and they gamble more often striving to record wins.

Out of 100% of gamblers, I think about 2- 3 % should boast of getting rich from gambling. The rich focus more on investment, because that is where their main wealth come from, and only see gambling as a fun, and not their main stream of income.

What is your take on this?

The moment a person starts seeing gambling as their main source of income then they are effectively already on their way to financial doom, rich or poor people gambling for the adrenaline and to make some extra cash from it, don't go assuming that because someone is rich when they gamble they don't care for winning because that's not true, if they just want fun then there are alot of other things they can do for fun, gambling would be the last thing on their mind .

[Strongkored]

There are rich people who play gamble, and I think the idea is not to get richer with gambling. I believe the rich people gamble more for fun since gambling is not their main source of income, and each time a rich man looses money to gambling there will be no sleepless moment because he can afford to loose such big amount of money.

Based on the amount of money used, if someone is rich and bets beyond their means, it will also make it difficult to sleep.
Don't think that rich people have unlimited abilities.
Likewise, poor people, if the amount used is very small and rarely gamble, gambling is just fun for them.
The problem with gambling is not rich or poor, but how you respond to gambling.
If you think of gambling as a way to make money, it will clearly make it difficult for you to live this life.

[Rubuchi]

First of all, gambling is not a place to get richer… I think that mindset is wrong from the onset.. Once someone starts depending on gambling as a way to make money or solve financial problems, then they’re not serious..  And secondly, someone does not have to be rich before they can enjoy gambling or play for fun…
Even average people can gamble responsibly just for entertainment, as long as they know their limits and only use money they can afford to lose..  The real difference is mindset.. Rich people usually don’t attach survival to gambling, while many poor people enter it hoping to change their life overnight, and that is what mostly differentiate both of them..

Gambling and greed are two elements that mostly work together in the minds of plenty gambler. Hardly will you see a single gambler who’s able to outgrow that fact where they prioritize gambling for what it truly is and leave greed out of it. It is nearly an impossible situation to find among gamblers both the rich and the poor. The thing with gambling is that it is lucrative and also enticing. You may start gambling with good intentions but once you don’t control your emotions, sooner or later you will get carried away and before you know, you will start gambling with greed.

[Fiatless]

What is your take on this?

Both the rich and poor could have sleepless nights due to gambling losses. Anyway, it would depend on the amounts they used for gambling. A poor man might not be worried about his losses since he used an insignificant part of his income to gamble. While a rich folk could have sleepness night since he staked a fortune. My friend who works in a physical casino told me how these rich people gamble with valuable items like cars and so on.

The summary is that you are less emotional or troubled when you gamble with amounts you can afford to lose. And this works for both the rich or poor gambler.

[Betwrong]

~ Out of 100% of gamblers, I think about 2- 3 % should boast of getting rich from gambling. The rich focus more on investment, because that is where their main wealth come from, and only see gambling as a fun, and not their main stream of income.

What is your take on this?

Many rich people gamble hoping to become even richer through gambling. It’s not a good idea and not very smart, but who said all rich people were smart? Many of them are simply descendants of wealthy families, and they eventually lose what they inherited — whether through gambling, joining some ridiculous cult, or something else.

[Cointxz]

Rich people are just like everyone else, they're just rich, lol. And they can have the same feelings and emotions as poor people. They might gamble for fun, for the thrill, playing for the first time for a dopamine rush, playing to reminisce about their youth, playing to test out some new technology, and a thousand other reasons. Of course, the motivation for gambling isn't always the desire to get even richer. Although that reason can't be denied.

Yeah and we all know that they are feeling angry too when they lose in gambling since the game doesn’t play the way they want it.

All of us including the rich aim to earn profit on gambling even though they are just getting some entertainment. Many think that rich doesn’t feel regretful when they lose their bankroll because they have a lot of money but still the ego of losing some money will still give them a bad feeling because their goal is to win.

[TopTort777]

Explanation to why rich gamble is very simple and can fit in few words sentence. They want to have fun and earn too. I think if someone think that rich people are very different, have different desires and basic needs, then this person is wrong. They only have more possibilities than rest of the people. But they are the same human beings like all of us with same emotions, thoughts and needs.

Better as why rich people dont make silly topic and ask questions online.