Let me ask you something, I’d like to know how you treat the money you use for gambling. Do you consider it an expense or an investment? These two should be approached very differently. Just like in business, expenses don’t generate income, while investments are meant to grow. What do you think? Please explain your answer as well.
The money that is used for gambling should not be considered as an investment but expenses. Because when you gamble with your money you will not have 100% assurance that you will get the money back. When you gamble is either you win or you lose. In a situation where you gamble and you lose, then it will be considered as expenses. As a gambler if you take some amount of money for gambling you will also doubt the return of the money, because gamblers always play by luck. But as an investor if you take some amount from your money to invest in something, you will have full assurance that the money will definitely return to you no matter how little it is. Gamblers gamble just to have fun while investors invest their money to make profits.