I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
Being in a desperate situation is probably the worse time to be gambling, as it can easily lead you to taking much higher risks or deceiving yourself as to the chances that a win will materialize. After you inevitably lose it is likely to lead you into an even more depressed situation, plus now you will be kicking yourself that you wasted what little you had left. The best time to gamble is when you have stable finances and do not feel any pressures, are well rested and not under the influence of any intoxicating substances. If you know it is just a little bit of entertainment and have allocated a small portion of your income to gambling, you will feel the most in control with the ability to walk away without another thought.