The poor and the rich who spends more on casinos.

[Bright0515]

The rich spends more money because they are high stakers but it still doesn't undermine the fact that the poor spends a lot of casinos and that's because they are the ones that gamble desperately the most. Remember that someone that is rich might stake high and end up losing but they are quite different from rich gamblers because they are not gambling to get rich, poor gamblers on the other hand use gambling as a means to make quick money or try to get rich from it which makes them lose.

Rich people lose and they see it as fun but a poor gambler loses and the next thing they think about is how they can recover what they have lost and also hit the jackpot.

[Hazink]

It's very easy and common to come across poor people who are gamblers because of their method of gambling rather than how quickly you can find rich and business-minded people. The poor gamble aggressively just to test their luck if they can be elevated through gambling winnings, which could also contribute to why they are easily noticed, but in terms of people who gambles more rich are financially in than position than the poor.

[Crypto_Timothy]

So it’s the rich people that always deposit huge amount of money on a casino and not the poor and this means the rich are the ones gambling more than the poor.

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.

Context is everything actually. If I can deposit 100k and lose all in day or even in one goal and I am not financially in trouble afterwards, then of course I'm rich but if deposit same 100k or even lesser and afterwards I become financially stressed then I am poor, it doesn't really matter as to the amount, so if you look at it, alot of people who gamble are usually poorer afterwards but they still find a way to gamble the following week, now that is what I classify as being poor.
Poor people spend alot in gambling to be very sincere and it is really alarming, I don't think someone who struggles for his money will squander it like that so certainly the poor are the ones spending.

[Hispo]

It's very easy and common to come across poor people who are gamblers because of their method of gambling rather than how quickly you can find rich and business-minded people. The poor gamble aggressively just to test their luck if they can be elevated through gambling winnings, which could also contribute to why they are easily noticed, but in terms of people who gambles more rich are financially in than position than the poor.

Poor people gamble more aggressively because they usually find themselves in economical hardships, so they see gambling as a relief to their problems when they manage to get some money out the casino.
Also, there are more poor people who gamble out of necessity than there are rich people who gamble because of their need for entertainment.

It is not a coincidence much of gambling advertising is aimed towards people who live in poor areas in developing countries, because casinos and bookies understand those are the main consumers of their services. They have entire advertising and marketing departments to maximize their profits thanks to poor and middle class people who gamble.

[Dave1]

The rich spends more money because they are high stakers but it still doesn't undermine the fact that the poor spends a lot of casinos and that's because they are the ones that gamble desperately the most. Remember that someone that is rich might stake high and end up losing but they are quite different from rich gamblers because they are not gambling to get rich, poor gamblers on the other hand use gambling as a means to make quick money or try to get rich from it which makes them lose.

Rich people lose and they see it as fun but a poor gambler loses and the next thing they think about is how they can recover what they have lost and also hit the jackpot.

So it boils down on the mentality of the player. Just like you said, for the rich they want to come back and beat the casinos. A great example is Dana White, recently I saw a video of him betting $1 million per hand in black jack because he wants to beat the casino

As for the poor, who plays and wanted to get rich overnight. Or becoming a one day millionaire. Or even thinks that gambling is just for fun for them. But the next day, the doesn't have any money to bring food for this family in the table. What a contrast between the players and their mindset.

[Pesona1]

Based on my experienced around environment, many poor people make deposit and spend more on casino installment not full with higher amount and its not fully right when the rich people make higher deposit than poor people.
Regarding how bigger and small deposit in gambling not purely about rich or poor people but regarding the mentality and decision made by some when depositing fund on casino, if gambling as have fun only I don't think so many rich people will make huge deposit in gambling because their decision in gambling purely for having fund.

[LogitechMouse]

People are always saying that the poor people are the ones gambling more than the rich people, now my question is those who are depositing $50k to $100k on casinos are they poor people, because I’m sure poor people won’t have huge amount of money to deposit in a casino.
So it’s the rich people that always deposit huge amount of money on a casino and not the poor and this means the rich are the ones gambling more than the poor.

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.

Yes. This is what I also think when it comes to poor gamblers who are gambling.
Poor gamblers are gambling more in terms of numbers, but rich gamblers are gambling more in terms of money.

When you have the mindset of making money thru gambling, you really will gamble more often just to achieve that goal. That's the mindset of the majority of the poor gamblers who thinks of gambling as their way to make money. Those rich gamblers out there are just gambling for fun... or at least some of them are, and they don't care about losing because in their mind, they can just say to themselves that they can just earn that amount of money in just a few days.

Poor gamblers spends more time in gambling while rich people spends more money. It's just that, we have this stigma where we always think that poor people always spend more money because they gamble more often. I guess it's time to break that thinking already.

[Cointxz]

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.

The spending more reference is based on the ratio of spending based on their total financial capacity. Like 80% of their finances unlike rich people that spend 100K yet they have 10M in the bank.

It’s obvious that rich people will spend more when it comes to the pure amount involved in a discussion like this.

Maybe you should provide also the reference on the discussion you are pertaining so that we can get the exact context.

[UpTober]

Yes, your point is logical that when a gambler deposits $50,000 to $100,000 in a casino, he is not naturally poor because the poor do not have that much money or even if they have that much money, they will never deposit this amount of money in a casino at the same time. But depending on how much money a gambler deposits in a casino, it cannot be said that that person is poor or rich. I have seen many such gamblers who are rich but they gamble according to many rules and they always use less money for gambling, so they are not poor. Again, the opposite is seen in the case of poor people, there are some poor gamblers who borrow money from others or deposit all their money in the casino at the same time, even though the amount seems large at first, he does not have the opportunity to be called rich by depositing this large amount on the casino site because he is depositing it in the casino on loan. 
So I would say that it is difficult to differentiate between rich and poor by looking at the amount.

[Bitcoin.com97]

With my own understanding ,the rich invest more on gambling,I have seen rich men who gambles,when it comes gambling the put huge amount without looking back because they have series of investment that can return them the money ,and they always want if they win let it be something substantial,but the poor gambles more frequently but with lesser amount ,they put small amount but always around gambling sites, so I believe everyone works based on their financial capacity,a rich man can use the $50,000 to gamble at once but a poor man can use it multiple times times or a month self because he knows how hard it will be to make such money ,but that same amount maybe nothing to the rich man ,so I can't compare the gambling habit of the rich and poor .

[tsaroz]

People are always saying that the poor people are the ones gambling more than the rich people, now my question is those who are depositing $50k to $100k on casinos are they poor people, because I’m sure poor people won’t have huge amount of money to deposit in a casino.
So it’s the rich people that always deposit huge amount of money on a casino and not the poor and this means the rich are the ones gambling more than the poor.

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.

On amounts, the rich spends most. They have more money and more money to risk with, they play more and spend more without a doubt. The reason why people might even consider poor people spending more is due to the portion of the wealth they spend, poor people likely spend more of their income in gambling than rich people.
The effect of losing through gambling is also greater on poor and when we talk about the negative effect of gambling in society and the reason why some nations have banned gambling is due o the poor people who risk all their income in expectations of earning more.

[Asuspawer09]

When it comes to spending for sure there was no doubt that the rich is going to spend more on casinos simply because they just have more money, I mean even if you are purely addicted to gambling unless you have huge amount of money you cannot gamble a lot of money unless you have it, I mean it was pretty evident since we can see cases of rich people spending hundred of thousands in casinos, there are also news about rich people getting poor because they are addicted to casinos and end have having more debts.

I think it could it's vice verse when it comes to times of gambling, I think poor people are generally going to gamble more because they want to win money. I know a lot of people who bet every single day on the lottery saying that they might get lucky, rich people doesn't really need to do that since they at least have some amount of money.

[Yamifoud]

People are always saying that the poor people are the ones gambling more than the rich people, now my question is those who are depositing $50k to $100k on casinos are they poor people, because I’m sure poor people won’t have huge amount of money to deposit in a casino.
So it’s the rich people that always deposit huge amount of money on a casino and not the poor and this means the rich are the ones gambling more than the poor.

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.

There are studies that prove rich people often spend more than poor people. But the twist is that more poor people engage in gambling than rich people. It means that the amount coming from poor people (combined) is still more than that from rich gamblers (combined).

People from lower-income households were less likely to gamble than those from higher income households, but they were more vulnerable to gambling problems. For example, 71.5% of Canadians from the highest income households reported gambling in the past year, and 1.1% were at moderate-to-severe risk for gambling problems. Of those from the lowest-income households, 53.8% gambled in the past year, with 2.7% at moderate-to-severe risk for gambling problems.

https://www150.statcan.gc.ca/n1/pub/75-006-x/2022001/article/00006-eng.htm

But with respect to the discussion as OP cited. Yes, it will be the rich gamblers. However, their reasons are quite different. Rich people gamble for fun, while poor people gamble for money.

[Bitcoin_people]

People are always saying that the poor people are the ones gambling more than the rich people, now my question is those who are depositing $50k to $100k on casinos are they poor people, because I’m sure poor people won’t have huge amount of money to deposit in a casino.
So it’s the rich people that always deposit huge amount of money on a casino and not the poor and this means the rich are the ones gambling more than the poor.

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.

Poor people do not have huge amount of money but they gamble more frequently with small amount of money. But a rich person can deposit $50k--$100k and there they gamble a lot of time for entertainment and fun. But whenever it comes to poor people then there are many types of challenging and risky things especially if they lose their money then they become emotional and lose control. In casinos rich people deposit more money than poor people and they lose a lot but they do not reveal it because they take it for fun and entertainment. But when a poor person deposits small amount of money and loses it frequently due to gambling which makes them more emotional and they reveal it. But I do agree with this that rich people deposit more money than poor people but poor people gamble more in comparison.

[Barikui1]

It's very easy and common to come across poor people who are gamblers because of their method of gambling rather than how quickly you can find rich and business-minded people. The poor gamble aggressively just to test their luck if they can be elevated through gambling winnings, which could also contribute to why they are easily noticed, but in terms of people who gambles more rich are financially in than position than the poor.

You have said it already that the rich don't have a lot of gamblers than the poor, and it's as a result of how different their mindset is.

Individually the rich gamble more than the poor because of their individual capacity that are miles apart, but why I believe that the poor spend more in gambling is because of their numbers, just as the op has already said.  If we accumulate all the money the the poor people use to gamble throughout a week, and the money the rich used to gamble also throughout the week, the figure of the poor will be more than that of the rich because they are more in numbers than the rich, like 20/1.

[OsaiEmma]

People are always saying that the poor people are the ones gambling more than the rich people, now my question is those who are depositing $50k to $100k on casinos are they poor people, because I’m sure poor people won’t have huge amount of money to deposit in a casino.
So it’s the rich people that always deposit huge amount of money on a casino and not the poor and this means the rich are the ones gambling more than the poor.

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.

Now, there are two categories here:
- the rich and poor.
- less and more gambling.

With the first category, who is the rich and poor? Do you place a yardstick, or a min-max earning to measure this? Okay, let's go with your description of 50 - 100k deposit as being rich.

Now, this image will give you a clue on this:



(Source)

Although, we have more deposits under $100, but you can see clearly where the highest volume in terms of 💲 amount sits: the 100k - 1M level. It shows clearly that they're the ones actually moving the market, and this is based o the fact that the deposit higher amount, but the so called "poor"—under $100 to $1k—are making deposit in the millions.

So, how do you measure "who gamble more", Is it by the volume of deposits or 💲 volume?

And the other image shows that the whales in most casinos constitutes the highest deposits in terms of 💲 amount, but that doesn't mean they deposit frequently compared to those on the other side of the spectrum.

Personally, I think I'll measure excessive gambling based on deposit frequency and not amount. Imagine depositing $100 a millions times, that's $100 million deposit, but I'll assume they bet less than or $100, that's a million or more bets. When compared to the guy at the other side of the spectrum, I'd probably say they're high stake gamblers, right? And with less deposit like that—5k deposit—they probably don't gamble as much as a million bets; or they might too, depending on how much they stake.

In conclusion, I'd measure based on bet frequency. But by my logic, I'd say the "poor" usually have low stakes, and thus bets more—based on the statistics presented. Meanwhile, the "rich"/whales usually have high stakes with few deposits, so I assume they stake less.

P.S: I might be wrong, because there's not enough evidence to draw a definite conclusion. So you'll can interpret the data as you see fit

[Julien_Olynpic]

According to some studies, both rich and poor people gamble at casinos with approximately equal frequency, but there are important nuances to their play.
https://www.greo.ca/Modules/EvidenceCentre/files/Hahmann_and_Matheson_(2017)_Problem_gambling_and_poverty.pdf
Rich people spend a smaller percentage of their income, but they spend more in absolute terms. Conversely, poor people spend a larger percentage of their income on casinos and are at higher risk of addiction and financial problems. So, the author of this thread is partly right, but as always in life, there are many nuances.

[Yorubek]

When it comes to spending for sure there was no doubt that the rich is going to spend more on casinos simply because they just have more money, I mean even if you are purely addicted to gambling unless you have huge amount of money you cannot gamble a lot of money unless you have it, I mean it was pretty evident since we can see cases of rich people spending hundred of thousands in casinos, there are also news about rich people getting poor because they are addicted to casinos and end have having more debts.

I think it could it's vice verse when it comes to times of gambling, I think poor people are generally going to gamble more because they want to win money. I know a lot of people who bet every single day on the lottery saying that they might get lucky, rich people doesn't really need to do that since they at least have some amount of money.

Rich people do not have to think much about spending money on gambling. They can spend money on gambling as they wish because they do not have a shortage of money, so they can use a much big amount of money on gambling than poor people. Even if poor people want to, they cannot spend extra money on gambling, they return to gambling again and again with a small amount of money in the hope of big profits. It is true that many rich people in society have lost everything in their lives due to addiction to gambling. It is absolutely true that poor people gamble more than rich people.

[Yablee0]

Ordinaryly the rich dudes spend more in gamble than the poor but that doesn't change the fact that they are not that safe than the Rich in terms of gambling addiction. As a matter of fact the poor are more committed to gamble than the Rich as they usually sees it as a short way of becoming rich, and as a result become more likely to be addicted as they proceed.

However, the rich invest heavily in gamble when they're opportune to do so but you can barely see them chase lost as the poor does.

[PVequalNRT]

The rich spends more money because they are high stakers but it still doesn't undermine the fact that the poor spends a lot of casinos and that's because they are the ones that gamble desperately the most. Remember that someone that is rich might stake high and end up losing but they are quite different from rich gamblers because they are not gambling to get rich, poor gamblers on the other hand use gambling as a means to make quick money or try to get rich from it which makes them lose.

Rich people lose and they see it as fun but a poor gambler loses and the next thing they think about is how they can recover what they have lost and also hit the jackpot.

The rich spend more and take lesser risks than the poor. The rich looks at the outcome whole the poor looks at the potential, they don't mind losing the small they have to win something bigger and if you accumulate the small money they loss, sometimes they are even bigger than the rich people. The advantage of the rich is they tend to make their money very quick than people that wager small amount of money to win something bigger.

The skills also plays an important role. The rich that gamble on a bet with 1 single bet for 1 team to win huge amount of money has a better change of making his money than staker with running games but if you look again, skills is what is going to determine their outcome and money they will lose.