Gambling is a business where the dumb money replaces itself with smart money. It is as simple as this. The odds are against the players' favor. Otherwise, the casinos wouldn't exist. If you know that information, you can't ruin yourself financially even if you wanted to.
Most people that lose their life savings don't know that or don't care hence the name "dumb money".
Most people that lose their life savings don't know that or don't care hence the name "dumb money".
But when you go to a restaurant and drink $ 100 wine (which costs $ 20 in a regular store), you also have no chance of getting a refund or even saving your money
But a lot of people behave like this and it suits them, they consider such spending to be acceptable. I think the majority of casino visitors think the same - it's simple spending on entertainment, not dumb money.