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.
Very good question actually, and here is another way to find out who is gambling with the pure intention of making money of it, or simply gambling just to have fun and also and always ready to take whatever comes of it in good fate.
For me though, money I spend on gambling is considered as expenses and never an investment, this is why I don't gamble often, I only gamble when I have that extra fund that I know well enough that I am wiling to loss or spend on gambling.
There used to be a time when I treated gambling as an investment, and I remember well that those days, I was always angry with myself and with those around me because I lost money to gambling, money I wasn't prepared to lose..
So, I've so far learnt that to enjoy gambling, we have to start treating the money we spend on gambling as an expenses and not investment, investment comes with some good level of guarantee that you will get your money back, gambling offers no guarantees at all, and what this mean is that, its wrong to treat gambling as an investment.