It's shitcoinery, and like you, everyone should treat THAT as a form of "entertainment". That's the main purpose, but if you "win", then that's merely the side-dish. The main-course is merely the entertainment you get from participating.
Plebs should be careful though, and never use more than 1% of your total Bitcoin, and if you think 1% of your total Bitcoin is "too small", then don't gamble. HODL.
If anyone would prefer to get the entertainment as you called it, gambling should only be done if you have at least 90% plus of your investment in bitcoin already and you have a less than 10% to gamble with, since it's a matter of luck, you're probably going to loss but if luck on your side you win in anyway you can use to reinvest in bitcoin.
That it's considered wise a bit but yet shitcoins is shitty, so holding or investing in it is the worst thing anyone can do. instead take you're game up and stake up more bitcoin.
The market is flooded with rug pull and sketchy. Investment on them click be highily risky and investors I have know who invested in the shitcoins always end up regretting it. Not because they lost the game but because they invested whole heartedly believing it was going to reliable like bitcoin but due to their greeds and they considers their trusts on hyping than than the realistic potentials.
If only Investors especially beginners would think twice on the diversify of their investment, after primarily invested on bitcoin any other coin should be treated a skeptic not worth investing much because the drain could downpour even at the sunset.
Not reliability of investing in the digital assets like bitcoin and if you are not contended with your holding, hodling gives you the opportunity to the peak you desires.