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.
I invest in gambling with the hope of profit, but when my luck is bad, I face losses instead of profits. Then I consider gambling as an investment for me. If I participate in gambling to keep myself in a good mood when I am not feeling well, then I consider gambling as an expense. Because then my main purpose is just to have fun and in that case I don't consider gambling as part of the profit.
We might say that there is a saying to invest only the amount that we can afford to lose, the same saying we hear from gambling. But in investment, at least we have a bigger chance to earn a profit, which we can't find from gambling. In fact, as we go into proper budgeting. Gambling is categorized as an expense, which means that we can't expect any return from gambling because we already assume that we're going to lose this money. But in investing, there is a so-called profit assurance, and this will differentiate the two.
Investment yields profits in the long run but gambling gives you big losses in the long run, because the more you gamble, the more the chance of you losing is high. Whatever you put money into and lose the money is considered to be expenses on your side because you wouldn't get the money back. Some people gamble hoping to win big and they feel that they're investing which is wrong.