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Author Topic: The poor and the rich who spends more on casinos.  (Read 1071 times)
hedgeh0g
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October 27, 2026, 04:17:52 PM
 #41

If you check the data of deposits let say from January to December 2026 you see that gambling deposit inflows have been from whales who deposits thousands of dollars into the casino, some of the reports we get is that more rich people are beginning to take advantage of online gambling privacy to make a lot of bets must especially now that predictions market make it possible to bet on real life events that can be easily predicted.
Of course, in absolute terms, the amounts deposited by whales are far greater than those of average players, who tend to make only minimal deposits. Nevertheless, one shouldn't assume that players with less money simply lose their deposits and leave it at that, they may quickly develop an urgent desire to win back what they’ve lost, and they won’t hesitate to find the funds elsewhere. They might take out loans or borrow large sums of money for instance, by claiming the cash is needed for a close relative’s medical treatment a scenario I’ve actually witnessed. My point is that players who aren't wealthy can easily find money in places they would never have otherwise considered, that is just how profoundly an addiction can affect them.

 
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October 27, 2026, 04:22:55 PM
 #42

Some factors contribute to why the poor people tend to chase gambling and taking it as means to make income, because you can easily see betting shops and the rest around the poor Streets and mostly see Banks and other financial institutions around rich men areas, this tells you what the Real society is saying about gambling, although Rich people gamble rear but with higher stakes.

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October 27, 2026, 04:24:24 PM
 #43

A person who has a lot of money will definitely gamble with a lot of money. It is natural for a person who is poor to gamble with a small amount of money. Because for a rich person, 100,000 dollars is not that big, and for a poor person, 500 dollars is not that big. Considering this from this point of view, it seems to me that the number of poor people is much higher. Because the financial situation of two people is different and they gamble depending on their financial situation. When a poor person has this amount of money, maybe that person will start gambling with 100,000 dollars.

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October 27, 2026, 04:26:20 PM
 #44

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.
They are not poor; they have money because they are rich for them to be able to place such a high amount of money to gamble, be it on sports or casinos.
Some of these rich gamblers are not desperate to make more money; they bet for fun because they already have the money. The can bet if they believe in some teams or bet in casino games they love so much, they will do it for fun or if they have some argument with their friends, while the poor gamblers can't use such a big amount and they will be addicted because they probably don't have another source of income, so they will rely on the gambling to change their lives for good.

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October 27, 2026, 04:27:24 PM
 #45

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.
Those people who are depositing $50k and above in gambling it is possible they are gambling with the amount they can afford to lose to them it doesn't mean they are spending much in gambling. And the people who are depositing this amount in gambling it doesn't mean they are rich people,  average people who are desperate can deposit this amount of money. One thong about gambling you cant really tell the finacial status of a gambler through their deposit.  You may think because the deposit is low and the person is poor, this person might be depositing what they can afford to lose and you may think someone who deposited a huge amount is rich, it is possible the person might be an addicted gambler, so it is not with the deposit one makes that tells if one is rich or poor.

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October 27, 2026, 04:27:55 PM
 #46

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.

How will you differentiate between the rich and the poor based on gambling statistics? Is it possible to take the right steps solely based on money? In my opinion, it is not permanently effective. Because how much money a gambler will deposit in a casino is part of their morale and mentality. I believe that, poor individuals gamble more and they are the majority.

Those gamblers who deposit large amounts of money in the casino undoubtedly spend more money. Since wealthy individuals deposit a large sum of money at once, they are able to win large amounts through betting. But the case is quite different for poor individuals. Because they deposit small amounts frequently, the losses are much greater.

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October 27, 2026, 04:32:01 PM
 #47

I think to have the accurate ration could actually become impossible, poor people can gamble frequently but I think it would be difficult for them to gamble with such a huge amount of money, especially when they can’t afford to gamble with such amount for fun, if a poor person have such amount of money I don’t think they will invest that money in gambling, but rich people can gamble with such huge amounts of money probably because they have the money available, I think if a rich person gamble with such amount of money they will say he is gambling for entertainment, right now I think it would be difficult to understand how everything is actually working if we have a good idea how people would approach gambling.











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October 27, 2026, 04:33:12 PM
 #48


I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.
I believe that poor people spend more time on gambling not more money, because if we talk about the amount of money that poor people spend every day it may be a little compared to rich people who spend much more (nominal money), but when spending time in gambling poor people will be much more in gambling than rich people.

This can be felt and perhaps can be seen around us where even for small gamblers every day will try to do gambling even though it is money they just got.
I have a few friends whose profession is a driver or even as a restaurant waiter when they earn money from tips then it is certain they will make a deposit and gamble so I believe more if the poor will spend more time instead of spending more money.

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October 27, 2026, 04:39:46 PM
 #49

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.

That is the thing with casinos, bookies and most gambling services: they do not discriminate people judging the size of their pockets or their social status, everyone is welcome to gamble and get the chance to win money.

When comes to volume of deposit and amount of gamblers the middle class and the poor are the ones who keep the gambling industry alive, that is why you see advertising and promotions aimed towards this social class.

It is true rich gamblers have the possibility to deposit more money in a single occasion, but there are a minority and their deposits alone would not be about to sustain all casinos. The regular middle class gambler is the one who gambles and deposit more as a population.

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October 27, 2026, 04:45:46 PM
 #50

A person who has a lot of money will definitely gamble with a lot of money. It is natural for a person who is poor to gamble with a small amount of money. Because for a rich person, 100,000 dollars is not that big, and for a poor person, 500 dollars is not that big. Considering this from this point of view, it seems to me that the number of poor people is much higher. Because the financial situation of two people is different and they gamble depending on their financial situation. When a poor person has this amount of money, maybe that person will start gambling with 100,000 dollars.

I don't know the category of poor people you are talking about because I believe there are some poor people who sees $500 as a huge amount of money so maybe you should specified the category of poor people you are talking about because I don't think it is all poor people that can fund $500 to gamble unless they are an addict and again I don't see someone who can fund $500 to gamble as a poor person because before they will use such amount it means they already have X of that amount.

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October 27, 2026, 04:51:24 PM
 #51

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.

In my perspective the op is mixing two different things. One is the amount of money people spend while gambling and the second one is the quantity of there income which they were risking for gamble. I also agree that the rich people spends a lot because if someone open a bet of 50k it is huge spending but maybe it doesn't affect the lifestyle of that person as compared to some poor men who just lost 500$ and he is in debt. I also have seen some poor people who lost there houses in gambling so in those type of cases poor people are not different from rich people either.

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October 27, 2026, 04:54:49 PM
 #52

Let us not make a division of which one gambles more. Because both the rich and the poor gamble a lot, in my country there are a lot of poor people who are desperate to gamble because they want to make a living out of it. They have the desire to do it because they think it's the fastest way to make money. The opportunities are few and many who have been in poverty are experiencing the same thing over and over again. So, they think of it as a solution to the problem that they have financially even though we all know that it's not the best solution after all. So, let's all agree that rich and poor are just the same who spends a lot in gambling.


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October 27, 2026, 04:58:52 PM
 #53

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.
I totally don't agree with that, there's no way poor people could afford spending more money on gambling than the rich, how can you stake more if you don't have the staking power which happens to be big money?. Rich people bet smart, they use huge money in combining little odds and often times it turns out to be successful while people with less staking power combine lots of odds with little money which is very risky due to too many accumulation legs.

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October 27, 2026, 05:09:10 PM
 #54

I can only agree that the poor are more in numbers as gamblers but the rich are the ones spending more money in gambling.
Just a simple question: how can we tell who's a rich gambler and who's a poor gambler?

A player who's gambling with $50k doesn't mean he's rich because even a poor gambler can actually borrow a huge amount of money and gamble with it (which they can not afford to lose).
So my point here is that we shouldn't conclude who's a rich gambler and who's a poor gambler based on the amount of money they spend on gambling.

Actually, what you should be asking is which among both categories of players suffers greater financial loss and which among them gets damage.

I think to have the accurate ration could actually become impossible, poor people can gamble frequently but I think it would be difficult for them to gamble with such a huge amount of money,
For the fact that op didn't provide the level of poor gambler he's talking about, let's just assume that he's talking about players who can't afford $50k, but truth be told, some poor gambler can borrow such huge amount of money and gamble with it, so with this being said, I believe that it will be a bit difficult to tell who's a poor player and who's a rich player as borrowed money is involved.

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October 27, 2026, 05:09:48 PM
 #55

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

It doesn't matter who spends more, the rich and poor is highly subjective.

But let's say for the sake of arguement someone deposit 10K and another one deposit 1K and we will say that one who spent 10K is spending more which isn't always the case because someone who deposited 10K maybe making 100K a month, while the one who spends 1K make $800 a month.

Now e can agree that the huge depends on how much money we are making.

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October 27, 2026, 05:22:33 PM
 #56

In general, a poor gambler uses less money and a rich use more because the rich person has more financial capacity. Depending on the total amount of money, the rich person spends more money, but if we want to know who spends the most compared to income, then I will definitely talk about the poor person because even though the income of the poor is less, their spending on gambling is much higher.

A study in Australia also found such information where the poor person used 10% of their total income and the rich person used only 1% of their total income. This is not just in Australia, the same picture can be seen everywhere in the world. That is why I think that the poor spends more than the rich.
https://aifs.gov.au/all-research/research-reports/gambling-activity-australia

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October 27, 2026, 05:24:11 PM
 #57

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.
The poor people gamble more frequently compared to the rich people because they see gambling as a source of livelihood and a way out of poverty, while the rich people mostly gamble for fun and the excitement that comes with it. You would not compare the staking power of the rich with the poor, just like you mentioned but the accumulated stakes of most poor gamblers during a period of time could anount or exceed that of the rich gamblers.

But the funny thing is that many of the poor gamblers have a bad losing streak because they do not take breaks after one loss. They would always have this mindset that missing one bet would mean missing their lucky day, and that has always being a problem for them.











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October 27, 2026, 05:24:24 PM
 #58

If you check the data of deposits let say from January to December 2026 you see that gambling deposit inflows have been from whales who deposits thousands of dollars into the casino, some of the reports we get is that more rich people are beginning to take advantage of online gambling privacy to make a lot of bets must especially now that predictions market make it possible to bet on real life events that can be easily predicted.
Did you say that real life events can easily be predicted, I doubt so because it's about the future and it's difficult to know exactly what happens in future only if you have an insider information about that future event. Since, you said that's easy to predict real life events, can you tell me who will be the next US president.

Some poor people stake more than the rich because you have to calculate how much they stake based on their overall income and the percentage that they use to bet. You will see a poor man gambling with 100% of his income but a rich man cannot do that.

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October 27, 2026, 05:56:26 PM
 #59

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.

The rich spend more when come to gambling that the poor . But know this , to them that’s the amount they can afford to risk . Just like how also the poor have a particular amount they can risk too . There are some poor that spend recklessly when come to gambling , but the reason they are not putting in that much is because they can’t afford it same goes for some risk they can still gamble recklessly because they can afford it just like an average man going all in .

But when come to the addiction aspect . Personally I will say the poor , because most tend to gamble because of the money , not for fun at all . Due to that they easily get addicted with the habit of trying to chase the bag through gambling and hoping to hit a life changing jackpot.

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October 27, 2026, 05:57:34 PM
 #60

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.

I'm definitely not a rich person but in my opinion the rich have other types of casinos, such as stocks, which i consider to be a game of chance in all respects.
or on a whim they buy companies, i don't think a rich person would sit in front of the roulette, i really don't see it.

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