People say gambling is a waste of time and money. That's the reason why as much as possible people are not encourage to take gambling. However, my point is, it could be a waste if you are an irresponsible gambler. You are gambling on your funds that should be paid on bills, or you are using your emergency funds. Or worst, you are gambling when you don't have the knowledge even the basics in gambling. Now my question is, does it mean responsible gamblers never wasted their time and money when they are gambling? Then how about those losses that they have incurred, when they can use it to add to their emergency funds?
Gambling is a waste of money for those who lack discipline or who are propelled by greed. It is not a waste of money for everybody because there are people actually making genuine income from gambling and that is the reason the gambling industry keeps growing on all fronts. If people were merely wasting their money, I don't think we would see such high growth and interest in gambling. Gambling companies even sponsor major events to show that the business is making huge impact in many sectors. One thing unique about gambling is that if you focus on developing a winning system and enjoy some measure of luck, you will succeed and be among those who enjoy gambling and not wasting money.