The answer to why do rich people like to gamble is quite complex, because different people do it for different reasons. The first wager to increase their wealth, the second bet for the thrill and excitement of fighting against the odds, and third simply like the lifestyle that the gambling life presents. But is there something you can learn about wagering from the wealthier? We think there is.
Why Do Rich People Gamble – The Reason
Why do rich people gamble? It’s simple – intelligent individuals tend to find more enjoyment and thrill in risk-taking. It’s fun for them. More often than not, risking a couple of thousand dollars won’t break wealthy people’s banks. What’s more, gambling at higher stakes usually comes hand in hand with lavish meals, posh drinks, rich atmosphere, and overall great lifestyle.
- Winning cash
- Thrills and fun
- Lavish gambling lifestyle
- Coping mechanism
- Risk-taking
- Calculating odds
You won’t be too deep in the wrong if you think that rich people don’t gamble because they value their money too much. Sure, but big shots are much more comfortable taking risks than the average person. Most likely, they’ve become rich by taking a risk in the first place – starting a business, investing, or hiring that one person.
Top 10 Ways That Rich People Gamble – How They Do It?
Gambling is a part of human nature. We all take risks for one thing or another. However, rich people like to calculate odds more precisely. They also can afford to lose, trusting a gut feeling. But how do wealthy people actually gamble? Do they simply go to the best UK gambling sites and start placing bets or do they prefer the real action in some of the top UK live casinos?
Few of the many ways that rich people gamble is by investing in businesses, stocks, various assets, and even employees. It’s a risk wherever they put their money. Even if they keep it in a bank – not only can it bankrupt, but the volatility in various currencies and inflation can cause a disaster. Here are the top 10 ways that rich people like to gamble:
- Investing in business
- Roulette
- Poker
- Investing in stocks
- Blackjack
- Investing in real estate
- Slots
- Investing in employees
- Banking money
- Lottery tickets
You might have noticed that there are a lot of online gambling games that wealthy people like to play. Instead of gambling with stocks, some big shots prefer to place one or two bets in the best UK roulette sites or simply play a few hands against the dealer in top blackjack casinos in the UK.
The possibilities to scratch the itch are substantially more when you’re rich. Enough with puns and rhymes. As you can see, rich people gamble in many more ways than the average person, mostly because they can afford it. If, however, you want to follow their example of playing online games like slots, maybe the top 10 slot sites in the UK will be of your liking.
Do You Have to Be Rich to Gamble?
How do you make a small fortune in Las Vegas? You go there with a large fortune. Jokes aside, you don’t have to be rich to gamble, unless you’re planning significant investments in real estate or other business. All you need to know is your limits and when to stop. Placing $20 every now and then most likely won’t hurt you, but mortgaging your house, because your gut expects a hefty win, sure might.
Our recommendation is never to compete with other gamblers, except for poker, of course. Some can afford to bet more and lose more. Create your own betting strategy that matches your bankroll and stick to it. If you can’t afford to bet big, you definitely can’t afford to lose big. Keep that in mind!
The World’s Richest Gamblers
We can keep talking about ways that rich people gamble for days, but who are the world’s richest punters? Some of the most famous gamblers that made fortunes by wagering are Bill Benter, Edward E. Thorp and Zeljko Ranogajec. It’s important to mention that they all made hundreds of millions mostly from playing blackjack, betting in races, and having incredible mathematical skills. The two honourable mentions are Phil Ivey and Patrik Antonius – fellow professional poker players.
Following Rich Gamblers’ Example
It’s more than inspiring to know that people made a fortune by just trusting their gut feeling and gaming strategy. Making billions from sitting on a table or by making guesses seems like the dream job, but their effort, skills, and dedication are not to be underestimated. There are many people who got rich from gambling, but there are much more who became broke.
However, if you think you have what it takes and you want to follow these geniuses’ example, you might want to play in a legitimate, trusted, and safe platform. If you’re feeling lucky, you should check out our recommendations for secure and trusted UK online casinos. When the operator is fair and square, your skills and strategies can shine even brighter!
Interesting Facts, Questions, and Answers
With our article coming to an end, we hope you found the answers to why do rich people gamble and packed some valuable knowledge. We want to go an extra step and help you synthesize what you’ve read. We compiled the most commonly asked questions on the topic, and we had our experts answer them for you! Let’s dive in!