It will wreck your life because of the point it will let you lose so much money at the end of the journey you made.
Plus the fact is if you get addicted you will be in big trouble and you can than even lose everything you own because of the debts you will have than.
I very much agree with your opinion that says gambling is very bad. But bad here for those doing gambling because it has such great ambitions so they do gambling with sloppy and therein lies the ugliness in gambling