You will see rich people that will gamble just to spend some time having fun but the poor will gamble just to find ways to make money from gambling. That is why you will see the poor looking for more than 5 or 10 time return but they continue to use small amount of money if they are not addicted. This is what I noticed about the rich and poor people that are gambling.
Gambling targets all people because they want to bet their money on their casino but the poor are somewhat more likely to gamble because they are hoping that they will be lucky and rise out of poverty.
Making money isn't a promise exclusive to the poor though as anyone can make money from gambling if they're lucky.
However, I'd be more convinced if the argument were about the poor being more prone to "YOLO" betting, as they might think, "It can't get any worse than this."
Compared to those who are earning more, the poor are more desperate but would look for an easier way out. Most of the poor would likely to resort to gambling to get rich and, in terms of effort, it's easier to buy a lottery ticket than work your butt off for hours.
Yep, it sounds logical, but not sure if this kind of people make up for the majority percentage of players. You can find outliers on both sides though, like rich people who are adrenaline junkies.
@OP, I agree with you that gambling does not specifically target the poor, but some gambling companies and owners may have the poor as their particular target, making them site their casinos or gambling houses in poor neighborhoods, but that still does not mean that the rich are restricted from visiting to gamble or that there are no gambling houses and casinos in rich neighborhoods.
Maybe it's just a business decision to rent a building there because the cost is cheap and there are lots of people living there. I mean, AFAIK, a poor neighborhood is usually denser and cheaper than a rich one.
of course not because the only difference between the poor and the rich when gambling is that the poor loses their money faster but the rich can have a longer time gambling before they even reach the bottom of the bag
Assuming both spend the same amount per spin or play, then yes, the rich will likely get tired of playing before the loss even makes a dent in their wallet.
But as you can see, high rollers exist, and I think casinos are more likely to target these people than the poor.
Based on my experience and on what I saw in people around me, the poor are more susceptible to gambling; there's a long line of people mostly poor or of of medium income in a lottery and on horse racing, and every time there's a feast where organizers are setting up gambling tent.
Probably there are events for VIPs that is different from this regular event. Only the kings are invited lol.
Instead of the phrase "gambling targets the poor", I would change it to "gambling targets those who have wrong mindset".
It seems like we have a deep thinker here lol.
The idea isn't as popular than the poor & gambling though.