I agree with you; the only thing I think is a problem with all these E's is excess because this is the only factor that can make one addicted to gambling if gambling excessively. I don't think the rest of the E's are so effective in making one become addicted. There is no way to take away excitement in gambling when one wins because winning is not easy in gambling, and if one eventually wins, it is expected to create excitement.

Excitement does not cause gambling addiction; it is lack of understanding and overconfidence that can lead one to be addicted to gambling, not excitement. If you can manage your gambling limits and not gamble excessively, it will be difficult, or even impossible, to get addicted to gambling.