Since it can’t be denied that most gamblers share the same fate which we lose in the long run.
let’s say we’re losing a max of $20 per day, but we’re genuinely having fun with it.
Would you still consider that as wasting money, just for the sake of gambling? Or how would you justify that daily loss in a way that makes it feel more like a positive experience rather than just throwing money away?
If I lose $20 daily it will be $600 monthly. I am just laughing now because I earn far less than that amount in a month. Any worker who earns $600 in my country is a high income earner and could be seen as rich.
To some people losing $20 daily is insignificant compared to how much they earn. Such people could consider losing such an amount without hesitation. But for low income earners, gambling with such an amount will lead to debt and poverty. In summary, the amount we spend on gambling should be what we can afford based on our income. There should be no general view or benchmark on how much we should spend.