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?
It depends how you look at it really and there is a pretty huge spectrum to cover. Those who have little money will either be a problem gambler spending all their spare funds or someone that is just doing it for a bit of social fun, not expecting a big win realistically - just hopeful. The same goes for the rich, who can get caught up in the same psychological and addictive behaviors, they just have a much longer trajectory until they fail. Sometimes it doesn't even take long for the rich to become poor as they are liable to just drop down bigger number bets than others. Gambling when you have little money is going to make you even more depressed when it inevitably fails.