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 don’t know why someone will consider it as an investment while gambling is not a financial tool to gain income. Gambling doesn’t promise returns rather a
chance only of profit if you get lucky unlike the typical investment that has returns percentage if you put your money on it.
Gambling is definitely an expenses, a luxury expenses because it always costly due to the high possibility of losing due to house edge.
I believe it’s only few number of gambler that manage to be in profit with their overall betting.