I agree, gambling should be seen as a form of entertainment, and not a way to make money. It's important to set a budget or small amount for gamling, for example, you are going night out with friends, then you set aside $50, treating it like any other entertainment expense for the night like buying drinks or tickets. Treating gambling as other recreational activity, you can avoid financial stress and enjoyed with everyone.
well to be fair there are professional gamblers that make money off it but as their profession mentioned already they are professional they know the ins and outs of gambling game that they are committed to and also know how to manage emotions and money. they know when to stop and when to game, but fair number of them also either went bankrupt or become millionaire its a game of odds after all, the chance of failing is always there as well as the chance of success, speaking philosophically, what are there activities that tries to gain more money that don't involve risk of losing money I think there are none.
its just with gambling its kinda fast paced outcome instead of business where usually we need 2 years to see whether the business is viable enough and have market for it.
if someone is noob, never think of making money, its game of odd.
Professional gamblers thrive and develop their craft. A captain guides them across chance's perilous waters, but don't romanticize it. The world of statistical probability is harsh. Every business venture, investment, and decision is risky. The key to financial growth is risk management. Gamblers and businesspeople examine, calculate, and fail. The key difference? Timeframe. Gambling's instant gratification attracts many
However, unskilled people misjudge chances and overestimate their abilities. Fundamentally, knowledge, discipline, and knowing one's limits are key. Any risky undertaking is a plunge into the void with hope as the only parachute without these