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?
Responsible or programmed gamblers as the names imply, they are players that gamble responsibly or players that programs the way they gamble, operating on personal listed rules that keeps them from over gambling and wasting useful times on gambling.
Gambling can only waste your time if you are gambling during times or period that you would have spend on more meaningful things such as work or business.
Losses are inevitable in gambling but when you spend the amount of money that you can afford to lose, then you are not wasting your money on gambling, because you are still putting the money into a good use on other things apart from gambling.
A responsible gambler doesn't use emergency funds to gamble.