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 amount of money I will use is a kind of investment that I will get fun from. By investing, I will get Fun as a return. Again, if I am lucky, I can get a very big money as return. So the money that is used in gambling can be a kind of investment. Expenses are those where you do not get any return on the money spent. Since there is no guarantee of anything from gambling, many people do not want to consider it as an investment. However, I think it is definitely an investment.
We know that gambling should be done with money that you can afford to lose, which means that there is a guarantee of losing in gambling but no guarantee of winning. If there is no guarantee of winning in gambling, there is a guarantee of losing, then how can you consider making money from gambling as an investment? I can never consider a gambling platform as an investment because the money that is being deposited here and used for gambling can be lost at any time,
Yes, I strongly agree with you on what you just said above regarding how a money used in gambling shouldn't be categorized as a investment, due to it's money losing factor, whereby there is no guarantee of winning at all times, because for me, money spent on gambling is meant to be categorized as expenses, simply because it offers no guarantee of return of investments, and could ask of be seen like a money spent on buying either a movie ticket or coffee, whereby you are likely to either love the movie at the cinema or not, likewise the coffee, simply because it's outcome are not always guaranteed. So in a nutshell, money spent while gambling is an expenses.