Why does the rich gamble.

[Eternad]

Rich people betting online maybe to test their luck. They do not want to earn money there but they do not want to lose either. Basically, no one wants to lose by betting. No matter how rich they are, everyone wants to make a profit in all kinds of investments, bets or trading. They go to casino houses and gamble offline with large amounts, where they get various types of entertainment along with gambling. The main purpose of gambling for them is to get entertainment. And they enjoy it very well. Because unlike the poor, they do not have to face any financial problems if they lose money. They do not have any obligation to win and even extreme levels of addiction are not observed among them.

Exactly, Rich value their wealth that’s why they get on that level because they love earning money.

Most of the time they are just having fun by trying their luck to earn money on different way such as gambling since they enjoy the most when in profit.

There’s some rich that gamble recklessly while others gamble responsibly. I think it’s same scenario with poor that his different typle also.

[pawanjain]

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 the rich are more greedy than the middle class and for that reason, they do gamble for money.
I also think it actually depends from person to person whether they gamble for money or for fun.
Some rich people might gamble for money while some for fun and the same goes with middle class.
The lower class though, gamble for money only because otherwise they could save that money to fulfill their needs but they decide to try their luck on gambling.

[Hatchy]

What is your take on this?

If we put it that way, does it then mean that the poor people's main source of income is gambling? I don't think so..both the rich and poor should gamble for fun. The only problem is that one has enough to risk, so it would be easier for them to let go without thinking too much about what is lost while they focus on what is going to come. The poor( average I'll say), gamble for fun but their main priority becomes winning. I guess this is why alot of average gambler ends up losing too much because we think too much about winning and forget that gambling is a game of loss. You become emotionally attached to your games which in turn ruins how you think every time you deposit to play..

[Akbarkoe]

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?

Ohhh shittt... you are insinuating, I have a little hope of winning money unexpectedly from gambling, but I have been able to control myself to limit every expectation and greed in myself.

When you still want money from gambling it is a sign that you are not making money at your job, your ability in the world of work is limited or in the world of business is lost, it is a fact that poor people always look for money in a short time by relying on luck.
I've heard that rich people gather in VIP bars then they play cards with betting money, they still laugh after the session ends even though some of them lose money, the next month they come again, as if it's their way to relax with their circle.
 
I have also witnessed two rich people betting on football, they held each other's favorite team in the match and as usual one lost one won with an amount of money that for me was impossible to spend just for one bet, and afterwards nothing happened to them only the satisfaction of winning because they could beat their friend, obviously just for fun, money is only an intermediary for their seriousness in betting not something to pursue like a poor person gambling.

[abaeze]

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?

In the case of gambling, human behavior does not only depend on wealth but also on people's greed, excitement, risk-taking mentality, and competitive addiction. So it is not the case that only the rich use gambling for entertainment and the poor gamble only to make money. These can exist in both the rich and the poor, but if they lose in gambling, the poor are affected but the loss does not affect the rich or it is not visible to the common people. So the safest way to be in gambling is to gamble with the money you have, if you lose it, there will be no problem in managing your life, just gamble with that money.

[Humblevirus]

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?

You can just conclude that it is only rich people who gamble for fun, while poor people gamble to become rich, but that is not true. Not all poor people gamble to become rich through gambling; some gamble just for fun. Also, there are some rich people who gamble to make more money, while others gamble for fun. Just know that human beings hardly get satisfied, especially when it comes to money, and everyone is looking for an easy way to make more money. So, it is not every rich person that gambles for fun.

You also said that rich people will not have sleepless nights even if they lose money in gambling. Know that there are some rich people who also have sleepless nights after wasting a certain amount of money on gambling. We have seen many rich people who gamble and lose money. Let us even use Drake as an example. He always gambles with huge amounts of money, and I am sure that after losing that money, he will definitely think about it for days.As for poor people, it is not all poor people who gamble with what they cannot afford to lose. Most poor gamblers gamble with what they can afford to lose, but those who are addicted always gamble with what they cannot afford to lose, or those who have been brainwashed into believing that there are guaranteed games

[Pandu Geddon]

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.

Even though wealthy people gamble for fun, you might not disregard the wealthy people's desire to become richer. Whoever gambles, I am sure the goal is still to win the bet. Of course, to make money. Whether rich or poor, I think it's the same. The only difference is the amount of money wagered and their ability to take risks. Betting $100 for a rich person is not a problem, but for a gambler who usually bets $10, that wager already carries a big risk.

[purple_sparkles]

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?

In the case of gambling, human behavior does not only depend on wealth but also on people's greed, excitement, risk-taking mentality, and competitive addiction. So it is not the case that only the rich use gambling for entertainment and the poor gamble only to make money. These can exist in both the rich and the poor, but if they lose in gambling, the poor are affected but the loss does not affect the rich or it is not visible to the common people. So the safest way to be in gambling is to gamble with the money you have, if you lose it, there will be no problem in managing your life, just gamble with that money.

People have many reasons for gambling, and unhealthy gambling addictions can affect both rich and poor people. Wealthy people obviously do not gamble in order to become rich, because if they earned their money through their own work and knowledge, they already have developed skills for making money. The same cannot always be said about people with low income. Poorer people often do not have the knowledge of how to monetize their skills, so they start looking for ways to get rich quickly and easily, but these methods do not always reflect reality. What can affect both wealthy and poor people alike is a bad psychological state and mental health disorders. These can push people to act in ways that may harm themselves.

[qwertyup23]

<..snip..>
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?

We can easily find the answer by delving deeply on the purpose on why the general public gamble on the first place.

Mostly from the data posted on the internet, people generally gamble primarily for PROFIT. Bearing this in mind, people gamble in order to have a stream of income that can quickly make them rich with little to no effort at all. Where can you basically look for a place that can potentially double or even triple your money in a matter of seconds, minutes, or even hours? That's the reason on why majority of the people gamble- to get rich as quick as possible.

In contrast, however, people who are already rich in the first place have nothing else to focus than to experience and feel the adrenaline of risking high-stakes of money. They gamble not for profit but for ENTERTAINMENT. They enjoy the feeling of experiencing anxiety, adrenaline, and the unknown of whether or not they won their gambling games.

In essence, rich people gamble because they enjoy the thrill of everything. They do not gamble primarily for profit but for the whole experience that only a casino that can offer.

[Ever-young]

The question in the OP almost wanna make me feel like the OP is somehow implying that gambling is only for the poor or for those who are not rich, Lol.
Anyways, there are several reasons why the rich would wanna gamble, and it could even be for the same reason a poor person also wants to gamble. Mind you, regardless of the social or financial status, every gambler has their own individual reasons for choosing to gamble. for some, it could simply be because they just wanna unwind. for some because they wanna have some fun, while for a larger number of gamblers, to make money, its as simple as that.

[Somto9Light]

Even though wealthy people gamble for fun, you might not disregard the wealthy people's desire to become richer. Whoever gambles, I am sure the goal is still to win the bet. Of course, to make money. Whether rich or poor, I think it's the same. The only difference is the amount of money wagered and their ability to take risks. Betting $100 for a rich person is not a problem, but for a gambler who usually bets $10, that wager already carries a big risk.

I do have the belief that not everyone gambles to make some extra bucks, even though they eventually do so at the end of the day. Yes people gamble because they wanna win, but money isn't really the only compensation that a gambler receives when they eventually win. Some time ago, I used to gamble a lot with my friend, but this kind of gambling isn't because we have some monetary target we tend to meet, but basically because we wanna prove a point. each person have their own view, so we bank on our views to see who actually wins at the end of the day.

[YOSHIE]

There are rich people who play gamble, and I think the idea is not to get richer with gambling.

Believe it or not, the point is that rich people are diverse, I mean the ways they get wealth are varied, you can see for yourself the people around you how they make money and are rich.

So, back to the question....!
• Overall, if they are rich and earn money from their sweat, it means they really worked hard and got rich, usually people like that rarely gamble, they know it's hard to make money, people like that don't easily waste money, let alone gamble.

• For those who get it illegally, such as corruption, illegal mafia, drugs, robbery, from the proceeds of fraud and so on, then they are rich, people like that I see often gamble, they get easy money to waste on gambling, it's easy for them, it's not a burden.

Believe it or not, that's the fact.

[suzanne5223]

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?

You may find it hard to believe that the rich people gamble for many of the same psychological, beneficial, and social reasons as everyone else (those who are not rich), but with bigger stakes, and they are often more disciplined than poor gamblers.
Because the rich also have the thirst for more money, because some of them do not feel satisfied with their current achievements. An example is Elon Musk, who said his aim was a $10 trillion net worth.

[Sticky Bomb]

Rich people betting online maybe to test their luck. They do not want to earn money there but they do not want to lose either. Basically, no one wants to lose by betting. No matter how rich they are, everyone wants to make a profit in all kinds of investments, bets or trading. They go to casino houses and gamble offline with large amounts, where they get various types of entertainment along with gambling. The main purpose of gambling for them is to get entertainment. And they enjoy it very well. Because unlike the poor, they do not have to face any financial problems if they lose money. They do not have any obligation to win and even extreme levels of addiction are not observed among them.

Exactly, Rich value their wealth that’s why they get on that level because they love earning money.

Most of the time they are just having fun by trying their luck to earn money on different way such as gambling since they enjoy the most when in profit.

There’s some rich that gamble recklessly while others gamble responsibly. I think it’s same scenario with poor that his different typle also.

Most rich people I know gamble just to pass time and not that they're expecting anything tangible from it, a good number of them don't even gamble since they don't believe in it. People who got rich from working hard hardly gamble to make money, if at all they do. Those who are prone to irresponsible gambling are the ones who inherited their riches and were not exposed to good careers and hard work or those who hit it big from gambling and are still chasing another big hit, chances are that such a person would loose it all back to the casino.

[Dr.Bitcoin_Strange]

Gambling might not be the source of income for some rich people but all of them are not the same, there are also some rich people who are not gambling for fun but they are playing to double what ever amount they are putting in gambling. Someone like drake who is already rich but still stake a huge amount just so he can double that amount, I can also tell that some rich people in might country has gambled to double their stake and not just for fun. There are some seasonal rich gamblers who gambles only on some special games like world Cup or other few seasonal matches. So you should know, it's not also all poor people that are taking gambling as their source of income.

[LOVER BOY 422]

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 don't think if all the  rich gamble for fun, their are rich people who only use some of their percentages of their income to gamble and make more money, but many of them also gamble just for fun without putting much money,  just laugh and eat and rest for the day , but many rich men are known to be gamblers , all they do is depend on gambling I have seen where a rich man has put all his half salary in gambling expecting for more money , so their are people who depends on gambling but it's individual differences not all but many, so if will say rich people gamble for fun not all , because some of them also gamble to heart.

[Yeesha]

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 the rich are more greedy than the middle class and for that reason, they do gamble for money.
I also think it actually depends from person to person whether they gamble for money or for fun.
Some rich people might gamble for money while some for fun and the same goes with middle class.
The lower class though, gamble for money only because otherwise they could save that money to fulfill their needs but they decide to try their luck on gambling.

What you said is extremely right, higher class individuals are more greedy than the middle class and lower class people, they always desire for more and more. They never wish to experience poverty in their lives, but what can I say? Who always take honey hate bitter leaf and that's the reality of life. It may be that they gamble for money or for entertainment, I can't say which is which, or this is this, because it depends on their personalities and interest. Everything is possible for some people as long as it going to ensure that they are financially stable. We use money to make more money, this is true, but I will never advise anyone to follow these rule or system in terms of gambling, because they is possibility for you to lose everything.

[Fortify]

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?

Why do the rich break the speed limit? Why do the rich play golf? Why do the rich take drugs? They can do all the same things as anyone else in life and will often get the same buzz. The rich are not immune to the marketing of the gambling industry and just because you made millions from selling plumbing supplies does not make you into a financial guru necessarily, people can sometimes excel or get lucky but not have universal skills across the board. Gambling adverts pretend to us that it's possible to make money and also acts as a form of entertainment, however richer people are less likely to believe lies because they've often seen how hard it is to really make and keep their fortune especially if they're self made.

[Byebyebtc]

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

What is your take on this?

There are still poor people that gamble for fun, and there are still rich people that gamble for money as well, but their is actually majority of poor gamblers that gambling for money nevertheless

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.

Some rich are not focus on investment, it would have been better if you said rich people are focused more on their source of income.

[Royal Cap]

What is your take on this?

Another thing is that rich people are relaxed in gambling not just for money, they play by mentally accepting loss in advance. So even if they lose it does not have much impact on their daily life. But most ordinary people play with the expectation of winning, so the loss becomes emotional. Especially in a third-age country like ours. In reality less than 1% of people can become rich from gambling. And most rich people have built their wealth from business, investment or long-term assets, not from gambling.