It depends of how we may interpret and understand it, and as for me gambling is really fun because it does not only amuses me but it also entertains me a lot. So it is not just excitement and thrills when you do this with friends or family's it is the reaction that you will witness in every bet or game result's which will probably make you smile. Win or loose brother you will smile from their reaction.
Gambling is only fun when you win because it is never fun when you lose, some people just get a kick out of it which I do not understand at all.
The chance of losing is to big for me and that is why I do not gamble much.