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.
And on the contrary, gambling can not be called an investment, simply because it involves taking a risk with money whose profit or return of investment no guaranteed, unlike investment made in the likes of Real estate, gold and Bitcoin whose profit are 100% fully guarantee within a long run. And as such, money spent during gambling are meant to be categories under expenses, despite the fact you stand the chance to double or triple whatever amount been staked when you are lucky enough to win. Because money spent while gambling is totally not different from money use in buying a movie ticket, since it's outcome are usually not always guarantee. As invested money is something whose profit is meant to grow within a long-term.