When a person used an important money to do a probability, I see it as stupidity and lack of home training or financial training. I see know reason why anyone will use school fees to gamble because you know for sure that it's a 50:50 situation, sometimes it's even 30:70 situation depending on the risk but still people will put important money into it and then later start to regret their actions for doing that in the first place. If I am closed to you and you use school fees for gambling and I found out, I will not give you another one because I have done my responsibility as a guardian and parent, it's yours as a child to be sensible to use it for the right thing.
That's how one of my hostel mate used his industrial training money for gambling and he lost it. Been only the remaining students on campus, we just had to help him with food stuffs but he became the face of the semester for that time and since then, if you mention gambling to him or anything that has to do with sportbet, he will run away and never come back again.
If the gambler had the full confidence in their betting and their tactics,he would risk the money.But the gambler was the full responsibility for the money,because gambling had the two types of results.If the gambler at the hard times,the result in the gambling will be negative one.So the gambler should not involve the important money in the gambling,because it may leads to the gambler as the loan guy.So people will get into the problem by using the school fee to the gambling,if the result is positive you can be happy.But if the gambler loss the funds,it may leads to the fight with their wife.It also leads to the divorce for the gambler,So it was essential one to use the free money in the gambling site.The gambler may not worry if the money used was the free money in gambling.