Bitcoin Forum

With all humanity, I have came across several topics and thread that speaks about gambling with what we can afford to lose, sometimes this kept me wondering and pondering why this words "Gamble with what we can afford to lose" is always common. Okay let me digress from that, and come to think of this you will see people gambling with at least $1 to $100 or even more this is dependent of what anyone can risk right? Yes!

Put this in places that if you keep those money into investment do you know how much you would gain by the end of the month or year without even you making such profits while gambling but yet we kept preaching the word "gamble with what you can afford to lose" why not some people use that same money to go into bitcoin investment or any other investment that could help their lives rather than wasting them into gambling and even secure a better winning themselves.

Does this really make sense, sometimes I have to reason twice and come to think about something very important which we don't always pay heed to because we always believe that when spending about $1 to $4 is something we can afford to lose right but, it may surprised you if you Sum all this little dollars into investment and savings you (we) would probably make a good investment and savings at the process reducing our gambling rates and lost.

Let us discussed to if this can save someone from gambling addiction.

Why do people gamble because they know there are interesting games with different sensations on the other hand there is what they want which is to get money instantly so gambling when you are lucky then you will get money instantly.

Maybe with your thoughts you agree why don't they invest in bitcoin or other assets? I'm sure they have a different view, how do they remain bitcoin investors while the rest can still gamble? I know they have money to throw at gambling but they are prepared to lose it.
So in essence their "fun" has been let's say spending $20 if not a problem but investment should be the top priority.

Because someone is gambling, does not mean the person is not investing. If truly you are gambling with what you can afford to lose, you will have savings and also plan your future. But the problem is when you are gambling with what you can not afford to lose. And that is the addiction that people are talking about if frequent.

If someone sees that he is not able to control himself or herself while gambling and if gambling is taking too much from the person, the person should stop gambling. The money that should be spent on gambling should be peanuts money.

We are aware that investment and leisure/entertainment isnt really that equal. If people do tend to make use of their funds for the sake of gambling for fun then we arent that sure that they are also investing in crypto too.
There are really just those people who are really that willing to spend up for the entertainment and thrill they do seek without compromising or affecting out their current investment. We dont know if that particular
person havent been able to invest or simply had done that already but just decided to play? There's no way that we can tell. I do understand your concern about investing rather than on busting it up all in gambling
which we know on which one is really that worth. So it would be always ended up on someones choice because there are investors who turns out that having gambling as their past time but doesnt mean that they
dont have any investment in background.

a year of waiting is too long to wait that's why wagering the BTC first can be tempting. and resisting can be very hard to do when you are surrounded by casino links.  ;D it's an uphill battle.

i'm sure most gamblers here are also investors. those coins they use to bet are just the ones they earn from signatures, those coins are just circulating in this small economy that includes the casino and the users in the forum. if we discuss how much we earn in bull run, those guys are still earning more from investment.

I'm on your side because I'm not 100% gambler, sometimes I'm surprised by these people, letting their money just go to the gambling house without knowing what they can do by accumulating small money which they call "afford to lose". But we also have to realize that these gamblers are just looking for fun, can they get the fun from investing their little money? no, they only get profit but not fun or what we usually call entertainment.

Z.H.I.E.N.D

We can classify generally all gamblers like these:

- Not all people have a business mindset, the same way as not all gamblers also don't have a business mindset
- Not all gamblers are not used to doing business
- Some gamblers already have a stable financial source of income therefore spending money on gambling is just a piece of cake
- Most gamblers want "a quick road to profit" within just short term

We can't apply to every gambler what we want them to do instead of spending money on gambling.

Let's hope they will soon realize to quit gambling for good if everything is turning into worst already.

Of course, the purpose is very different regarding gambling and investment. The first one gives you entertainment and the fact that you will want to make quick money out of the thing you invested in gambling. For investments, you would be expecting some return but not right away. I think it's going to beat the challenge for people to convert what they are using for entertainment to gambling because it's what they want. They would just only realize what they have lost when they lose it. It's always the case, right?

II do hope people would change to really affect themselves lead better lives and not lose it all, unless they are always winning and probably can risk a lot of money.

Point of correction. Gambling is not an investment unless you invested money in a way that gamblers will lose and you will gain as the gambling site is gaining. That is if you invest on the gambling site or you do bankroll investment. But if you are gambling, staking your money, that is not an investment but gambling. It has no name than gambling and it is very risky.

Someone can't use their money for expenses and investments purposes only. It becomes too stressing at some point to limit or forbid yourself from having access to entertainment, as everyone needs a dosage of this in order to bear the burden of daily life without going completely depleted and exhausted. That is why people destinate a portion of their total income to gambling, while others destinate a portion to going to the movies, travelling, going out and so on...

We can't neglect one sector of your life to reinforce the others, because it will create an imbalance which is very harmful on long run to our emotional. In the beginning of adulthood I think some sacrifices can be made without major negative consequences, but once you advance in age, you start feeling annoyed if you don't have access to entertainment as you wish you could. You feel like you need to spend money with yourself sometimes and stop caring about expenses and investments for a while. And if you don't do this, life starts getting unbearable.

We are all investors and at the same time gamble for quick bucks. And I think we are giving more importance to our BTC investments than our bets which we can actually quit any time but investing in BTC is not going to be something to quit.

Gamblers in the forum are just as investors of BTC, some of us are just using altcoins to bet in the casinos which you could translate to gambling the money they can afford to lose.

The evergreen phrase " gamble with what you can afford to lose" makes a whole lot of sense. It is the best advice to give to a newbie in the gambling sector. This advice is for people to only use funds so that even if they lose them, it will not affect them negatively financially, emotionally, and otherwise. You seem to be more concerned about losses but you also fail to understand that these little bets have made people win big. Many people have been lucky to become millionaires through gambling. When you engage in gambling you are taking a risk to lose or win and if you win that's your luck and losing should as be endured. It is also important to note that you don't use the money you are supposed to invest and use it for gambling.

Some people spend money on cigarettes and other habits so if I decided to put in little funds on gambling, that's not bad. And this small gambling money will not stop me from investing in Bitcoin, rather it can help me to accumulate more if I luckily win big.

The word gamble what you can afford to lose might looks like a dead trap where people indirectly waste there money instead of saving them or Investing them on Bitcoin. But I see another picture in what you are saying.  Before someone plays gamble, I believe the person has already marked out his schedule on how the month will be. Like investing in Bitcoin on weekly DCA, mapping out emergency fund, and settling the family needs. By so doing there will be some changes and there is no wrong in playing gamble with your spear money its only those who don't invest in Bitcoin but take gambling as a business or investment will be given such advice. Every money is not for bitcoin investment. If we want to do it like that, that means we will start to see the money we use for feeding as also an investment money. Or money we use for clothing should also be use for Bitcoin Investment.

The only moment we could really be able to say that we are making investment is on the time that you are investing on gambling sites bankroll or you are really that going against other players
and not on joining them on which this is the moment that we can tell that we are making investment. Just like the rest been saying that investing and gambling is different thing. It doesnt really need up that too much technical knowledge or approach for you to understand this simple situation on which it would really be that best that you should really know on how to spend up your money basing
up into your aims. If you do go for entertainment then gamble only on the amount on which you can afford to lose but if not and you do prefer on going for making profits then investment would be the key.

There are many people who gamble and they also invest, the two of them are not mutually exclusive; you can do the both of them. There is nothing wrong in gambling, that is if you gamble with what you can afford to lose, and if it is not against your religion or what you believe in. Take note that even though people lose money through gambling, there are also people who make money through gambling, if they are lucky. It is also worth mentioning that investment is also a risk, so you must invest what you can afford to lose and gamble responsibly.

Maybe there's a better term for that but in essence, it's almost the same. You risk money. Isn't that the same? Is the difference just between the risks involved? Or the actual action itself?

Bitcoin investment is more profitable but every crypto investment is a risk and it comes with the same warning, invest what you can afford to lose. The same applies to gambling. Gambling with what you can afford to lose doesn't really mean you're dashing out your funds to the bookies. You still need to take caution, analyse your bets carefully before wagering. What the phrase means is that you shouldn't use funds that has been budgeted for other useful purposes to gamble like money for your upkeep, house rent, school fees etc.

In response to the op, do you also consider the times when the gambler can possibly win and make profit from that same little money?
Anytime we come up with topics like this, it's very important we try not to be one sided, as being one sided could also be referred to as passing wrong information.

In investments, some people still lose money, or sometimes, it may take a very long time before the investment finally pays off, meanwhile, in gambling, you either lose the money or make a profit instantly or in just a couple of hours or day - for those doing sports betting.
And besides, most of us who are gambling also have investment, only a foolish person will gamble away all his earning, for the wise, he gambles some, and invest the rest.

And point of correction, money used for gambling is not a waste, or wasted, for there is the potential that through that gambling, the Same money could turn out to change the life of the gambler completely, I've seen people make millions from gambling, people who never would have been able to afford to buy one full bitcoin, then were able to buy even more than one bitcoin after winning huge amount of money from gambling, what do you now say about this?

I have had a line of consistency in my posts with the misuse of that phrase, which for many is the belief of getting out of the problem they are in and for others it is their dose of medicine for those who believe that using this phrase with their friends They are going to save them.

 The point is to be clear that this phrase does not give you the freedom to use money and burn it.  And then it has the anti-addiction effect.

I think we should not compare the purpose of why people risk their money in gambling, instead of just putting it on investment. There are several reasons to be looked at and not all gamblers have the capability to start a business or investment that requires a large capital, if not, should be a decent amount.

In gambling, these people can start playing with their luck and hope for good fortune with just a small amount. If we sum up all their losses, they will have already good capital to start the business they want but that's not possible to own that total amount beforehand.

Maybe we should encourage gamblers to consider doing business without mentioning or involving how much they already lose overall in playing gambling. Encourage them to put money on investment showing the advantages and benefits of it in the long run without comparing it to gambling.

If not because I am here I don know about people that are gambling for fun. sometimes I think if those people who bet for fun have more than enough money, but truth be told that they have and even if it's not up to more than enough, they have a standard savings, so they also have what they can afford to lose. However, it's true to save the amount you gamble but everyone are looking for more ways to make more money that's reason some gamblers are looking forward to gamble,, meanwhile gambling is not a good means of making money or profit making.

Actually, we are already in the right place because before gambling we must be buy first several leading cryptocurrencies, especially Bitcoin right? after that we can have fun in gambling, with few satoshis we have earned. We can do both them, investing and gambling. But it must be with strict management, we can't risk everything in gambling. Like betting an amount you can afford to lose, I think it's the right plan. But indeed, on the other side I agree we should push those who are addicted in gambling if they keep losing then is not good for them.

As you live through life you have to try and smell the roses and not to become too conscious about making money that you forget to have fun. Gambling is for fun and investing is good, while you are trying to invest, try to have some fun too and do not be too conscious about loosing some little amount of money. This is what gambling with what you can afford to loose means, it does not mean you should not have an investments while gambling, just that you should be conscious not to gamble too much that you start using what should be meant for investment for gambling.

You assume that adding $1 or $4 would amount to big sum of money, of course do you know that there are gamblers who earned some decent money by  consistently winning their bets especially soccer gamblers with as little as staking $1 or less  with 2.0 to 3.0 odds to me that is amount they can afford to lose and summing all those wins amount to some decent sum of money and I don't expect an experience gambler to encounter streak of losses of their bettings and add up to $100 without taking a break that is impossible except an addicted gambler and it obvious gamblers are making decent money that is why gamblers are increasing in number.

For sure they would really be thinking about those probability rather than on putting it on investment on throwing up some bucks or $5 at least. Well it isnt really that bad to consider but its true that in gambling which 2x or 3x hit on a particular bet could be possible and you wont really be needing up to wait up for too long before you could see the results.  :) I agree on what you have said on which this is the main reason on why there are really tons of gamblers who do really have considered out doing gambling because of that kind of set up on which they could really be making use of those small funds to win up something that a few multipliers
without needing to wait up for a couple of years before they could see it going x2 or x3 on which we know that this is where investment do usually play out.

Its up to someones choice honestly whether he would really be focusing that much to investment or would really be that giving priority when it comes to gambling.
We do have our own decisions in life imho.

Most people like instant things. By investing, yes, if we are skilled enough in this field then we will be able to make a profit, but this requires a fairly long process and in-depth knowledge and abilities. Meanwhile, for some of those who join the world of gambling, they gamble for the reason of making a profit and multiplying their wealth. and those who gamble for that reason, are actually lazy people who hope for instant big profits from the gambling they do.

and the amount of winnings that they have obtained from the gambling they do, this really motivates them, that it is so easy to make a profit, which without them realizing that gradually the gambling activities they do only lead to a loss.

The person should stop, but everyone knows its not that easy bro, gambling can really get to you and change your entire mentality of gaming because you will always have one stupid thought on head about a massive win or about funds that you have actually lost before. I know of many persons who were actually good with their money until they met gambling and it changed their lives because they actually failed to the act and they let the habit get to their head and lost their patience because that's what gambling can do to you. It controls your thoughts and make you lose it so you think everything is actually okay but in reality you are totally fucked up and only a few persons actually admit to it.

sometimes it's not just investment, why do people say they gamble with what they can lose, because some gamblers are addicted so gambling becomes an active activity, this is not about investment but spending a little money for personal enjoyment

Of a truth, before one can be able to make a budget for gambling, then that one is up and doing to sustain themselves. As it is that gambling is just for fun, one can do a  gamble as much as they want since it does not avoid their budget and they can afford investment in other aspects of the economy to make profit.
I was looking at what op meant in the sense that the budget used for gambling if compiled together would be enough to have invested into other business that could generate huge amount of money for the gambler rather than using it for gambling and losing it everyday.
However, if one can as well do it this way by saving the same amount one uses for gambling and also gambling and see how much they spend gambling in a whole year compared to what they could or would have used that same amount to do in a year. This is just like one doing a comparative advantage in both ways to see what they could achieve within the period of time either ways.

Yes you are right mate. One who plays with the amount that he can afford to lose will be sensible to have an investment. If you   check people that plays gambling uncontrollable and who are addicted to gambling it is  very difficult for them to make other investments than playing gambling, they do not mind in investing all the money they have in playing gambling.

I don't think one needs to stop playing gambling because their other investment money can be made, and if one is able to understand to play with amount that one can afford to lose it is a good sign of a responsible gambler that understand how money should be spent and not just un gambling.

I would just say that not everyone (gamblers) can afford to wait that long as investors involved in the world of investment do, actually I think the reason is obvious that one of the reasons they prefer to gamble is because they want "instant" results and there are even some gamblers who assume and think that gambling is a place to turn into a rich man quickly, but in the end you will find other facts during your journey and it is contrary to your goals, which instead of earning but what happens is losing money slowly but not all gamblers are aware of this.

On the other hand you suggest a good point here and maybe there are some people who will change their habits by switching to allocating their gambling budget into the world of investment, but we cannot close our eyes that there will still be people who want something instantly and one of them is in the world of gambling where you don't have to wait for days or months to get a profit like what happens in the world of investment, and the point is that the word "instant" is the reason most gamblers stay there even though gambling is not a place to earn.

Your thoughts are right about stacking up the money lost in gambling, but I hope you are aware that real gamblers  cannot make such a sacrifice. Any gambler who really loves gambling cannot let anything interfere with their gambling lifestyle. It could be possible for you to do it, but not for all. There was a topic in the past; I can't remember the title very well, but I think it's "What can get you to stop gambling?" On that topic, so many members were very expressive to say that they could not leave gambling for anything else, which means that no matter what the circumstances, many people would still keep on gambling.

There are people who are very wealthy; some of them are into gambling, and they usually gamble off a huge amount of money occasionally. Some of them don't even feel very bad about losing such an amount of money. You might think they lost a huge amount, but to them, they did not even lose up to 1% of their annual income.

Before some people decide to gamble and have fun, they might have already made other huge investments that you don't know about. Not everyone is gambling without an investment or a significant source of income that can allow them to invest if they want.

Investments involve a long waiting time even if everything turns out well for us. But there is another side, when we waited for several years in investments, and then, due to emotions, we left the shares due to a sudden crisis or something like that. Also, many are simply illiterate in the financial sector to afford to plunge into investing and simply do not want to get involved with it. In general, there are many factors. Many people come to gambling not to think about anything, this is their little world in which they can bet on any events or their favorite team. Of course, I’m not saying that investing could bring more benefits and some, of course, should start studying it, but the player must have at least a minimal desire and craving for this matter, otherwise he will play like this without even knowing what investing is.

As for me, I’m trying to develop in both areas and I like it, although gambling still looks more expensive.

Thats just the simple truth to why most persons prefer gambling over investment. Many humans lack the patience and perseverance that's follows an investment and that's why many still resort to the quick process that gives them little return with high probability of loses. There's is also the case of trading their coins for the little profits too but majority prefer gambling because it's quick and promises high return but which obviously is a mirage that many fail to understand.

People are free to have more than one interests - in gambling and in investments, in gambling and in academics. We can do both or more of them and do them perfectly well. Everyone has a guilty pleasure and when you indulge yourself in such guilty pleasure, do you say that you should have rather put this money into an investments rather this guilty pleasure? I doubt. The botton line is this , be disciplined, stay focused.

You can even use gambling as the means to an end. If you have business deal and your partner gambles, you take them ti the casino and while the game is one, you could close the deal there.

That's very common on my part, in fact it doesn't come to gamling, that's what I learned in trading, why? Well, many times I put a lot of Money in the bag and lost it, so what did I do? I left one part in bitcoin and the other part I put in the trading , it doesn't matter if I lose that part Because I have the other in bitcoin and that for me would be viable, because in trading the movements are very abrupt and unresponsive everything, and yes, then in the game it was something similar, only in gambling, well there is nothing to invest in, but then I said to myself, yes, I know you have to lose in the casino, it's something I accept it , because of the whole house advantage thing or something like that.

But we are people who are Sometimes very given to leisure, let's see what happens ? or wonder if I do this or that what would happen? These types of things are what we ask ourselves, so I came to the conclusion that this strategy of putting only a Small part of my money, not a part that is large, just something, like what is enough to buy a hamburger or something Like this, or what is used to play 1 hour on PS5, well that's for Gambling to see what happens, and come to the conclusion that what would happen if someone who was in danger of addiction Did this? If you apply this strategy, repeating clearly that if you lose that money then you don't deposit more , but in Another playing session , which would be Another day, or a week, I dont´n know, when the Person can play , then for me it is a method of Brake to Stop Spending so much money.

But the way you see it is correct, the same happens with the people who play in raffles, in lotteries, it is little money but when it is put together and added up what is earned per year is enough.

Not put in an investment vehicle but I often hear a similar argument used on chain smokers. The amount they could save up for not buying a pack of cigarettes is quite a decent amount when compounded for a year. Those financial gurus say the same thing too when giving suggestions on cutting expenses like fun and leisure.

First, gambling should be for recreational purpose only, hoping to become a millionaire from gambling will only land you in debt. Gambling and Investments are two different things. People gamble for fun, if you spend your time saving every penny you make to invest in bitcoin or some other investment, how will you have any fun? I guess you won’t go to the movies or go on dates because for you every dollar is worth sats.

InsSo youre saying that onsteaf of just throwing money into gambling, the whole gamble with what you can afford to lose thing, why not consider putting those bucks into something smarter? Like stash it in investments or savings. Makes a point, But gambling and investments arent  mutually exclusive. You can enjoy both. Just have to keep it real and not go all-in with what you can't afford to lose whether it's at the casino or in the stock market

Doing a throwback of how much we have lost already since we started gambling is a ridiculous idea. Much worse if it doesn't end in just a simple throwback but literally counting all the money lost throughout the entire gambling activity. It doesn't help nor will give benefit gamblers to move forward.

To make a simple context on what OP is saying, my point of view is, that once a gambler finally realizes that in the long time of doing gambling, nothing good happened but just a usual and common losing day for a long streak already, it's time now to make a change and consider using the money on a much valuable things, and that's where the word investment will enter the scene. From there, if the gambler is serious about changing their habit of gambling, they will slowly ignore the temptation of doing it and will now focus on new things to do that make sense and worth their time.

I think you are getting it twisted here, but lemme give you little eye opening or guide for you to understand what I meant:..
Let say you go out for a date or for a hang out and you spent $40 in buying what you are taking to give you good health is far much better than using that money to gamble and in returns you lost everything, the person who uses his or her own to spent in her health will be happy because the money enters in her life to revive her right?.

Okay I know you would want to asked what if that $40 was a life changing bet, Yes I know but we have it in mind that gambling has two sides that is "win/lose" so whenever you play there is every high tendency that you must lose the game because winning are always rare to come.

So, the person who spent her own in her health or used it to buy something that would benefits them will appreciate it the more, unlike me if i spent money in buying my daughter a gift I values it than putting that money into gambling why because I can't really define the outcome of that money whereas if that money was put into something it would have more value than that of gambling.

Yes, gambling with money that one can afford to lose is, in fact, a really great investment that, with any loss of funds, could eventually lead to a wonderful success. Someone has the trait of not knowing where to begin when it comes to gambling, they just get started without the necessary information.

And the main reason for that is that gamblers typically lose money. Anybody who is skilled at gambling won't lose any money if they wager only as much as they can afford to lose. You mentioned gambling and investing previously, but I don't think they can be compared to each other because investment is extremely different from gambling. Both include risk, but the danger associated with gambling is larger than the risk associated with investment.

It is not the first time I see that argument and I still disagree, not everything in life is about earning money, the money that we work so hard to obtain also needs to have as a goal to make our lives easier and more enjoyable, since if we were to use that kind of reasoning about gambling then why not use it for everything else and save yourself all the money that you use to entertain yourself? In that case you will most likely end up with quite a sum of money, but you will bored out of your mind during that process, assuming you could do it, which I doubt.

Actually gambling is for leisure entertainment. Here investment will bring you profit if it brings profit in you then you will be very happy but to survive life definitely needs entertainment if you can spend time with all entertainment then your mind will always be cheerful. People don't always chase money, sometimes people chase entertainment. But for those who use gambling as a means of earning money, I can say that those people are better off investing in bitcoins rather than gambling, I think but for those who take gambling as entertainment, they are here for entertainment. They are not here to make money.

Let me start by asking a few questions using the amount you illustrated with, $1-$100. If you are not going to gamble with that amount, won't you use it for other things that are not important in life? Like using it to buy some bear chillout and other things that could not be considered part of your needs but are just things you spend more on to derive pleasure. 
 
The money I use for gambling is part of the money I set aside for my spending on things that add little value to my life, but in one way or another, I just like to spend it on such things. That does not mean I don't have separate money for investments or other important things, so the money I spend on gambling is what I can afford to lose.

That's a nice idea but a gambler would say. "Where's the fun in it?"  :D

It depends on the person. Gamble what you can afford to lose means different things. It could be that the gambler already reserved another part of his salary for Bitcoin investment or other investments. The other part is just to entertain himself.
We all have different ways on how we budget our money and the afford-to-lose thing is where you take the spare and just play with it. Sure, it's going to be big if all that money is thrown into investment too but the same goes for every habit out there. Cigarette smoking, alcohol, unnecessary food, and unnecessary things but we find joy in buying them. i.e. upgrading to the latest iPhone. I think that is unnecessary too.

All of that could've been a great boost to the investment and yet we choose to do it, buy it, spend for it, and that's because we find joy in those things.
It's easy to say it could've done well if invested, but can an individual control himself/herself to endure not buying them?

You have to consider the context here. Gambling what you can afford to lose isn't any investment strategy in the first place, it's an idea that since you're spending money on gambling, make sure you can afford to lose said money since 99% of the time, you're going to lose it. It's also outside of the part of the money that you'd ever use to invest so you shouldn't even be thinking of the "what if I saved it and invested it" since the fact that you start thinking about that means that the money you used to spent on gambling isn't money you could afford to lose or is pretty close to being a part of that.

And that's why you consider gambling as having fun and not creating an investment. Otherwise they'd conflict with the money you spent on the real investments and you'd never, if you thought about it properly, spend money on gambling.

I follow the following methodology regarding the money I have: Accounts - Investment - Leisure
In other words... water, electricity, house bills, bank loans, studies, medicines, etc. must be a priority and therefore need to be paid off before anything else.
Then, with what is left over, you will save what you think is relevant for a future dream or a financial security reserve... this should be done every month.
Then, you spend the rest of the money on entertainment, whether on gambling or in restaurants, cinema, bars, etc...

Credit cards must be used consciously, and never for gambling.

If what someone is pursuing is profit, then both investing and gambling have the risk of experiencing losses. It seems that gambling has a very high risk compared to investment. As a savings for the future and to continue to make a profit from the amount of money you have, investing seems more promising than gambling which can only cost you a lot of money.

However, there are several reasons why someone prefers gambling to gambling. Even though they know that gambling has a fairly high risk of experiencing losses. First, regarding the time period, it is different from investment which requires a long period of time to find out whether the final result is a profit or loss. Gambling is actually the opposite where gambling offers faster results, regardless of winning or losing. So this provides immediate satisfaction, which may not occur in an investment, and this is also what makes someone so interested in gambling. Second, the next reason this is about a sensation and the sensation that this is, I don't need to explain because you already know it. And thirdly and finally, even though gambling is full of uncertainty, gambling is also full of surprises, and this is what makes someone continue to gamble, where maybe some of them have the hope that they will become someone suddenly rich from gambling carried out, considering that the winnings from gambling can be many times the amount wagered. Even though the possibility of winning is very small, the hope of getting big profits quickly and instantly is a strong incentive to always place a number of bets.

I always gamble with a spare money that I can lose comfortably without feeling regrets. I can gamble with 5 dollar twice in a week and sometimes can it can just be less like $2. I can not use those small amount to invest in anything, even if I want to save the money for investing, I may still end up to spend the money. I spend money on other things that matters to me, like foods, cloths, electronics and many things that I spend money on. Gambling also matter to me and I spend only a small amount on gambling.

People can quit gambling if they don't find it interesting and not everyone will go into investment because they have already invested enough and you have to understand something that not everyone would come here to start announcing how much they have invested or how much they have. Investment doesn't calls for announcement rather is something to do within your power than start pipelining every single amount that comes from your pocket to put into investment that means you can't lose any dollars if you were taking everything to be that serious in your life, I know we need to be very mindful with the kind of amount we do spend on an irregular things but sometimes those amounts are being put there to catch fun.

Well, if this is their form of entertainment or relaxation, that amount may be worth it for as long as they aren't spending what is supposed to be spent on something else.

After all, if they aren't gambling, they will still be spending more or less the same amount on something else. They may go to the movies, bars, restaurants, and so on. Gambling is a leisure activity. Each one of us has his/her own leisure activities. And we have no choice but to spend on them.

Often people spend money on things they don't need. If you do the math, it adds up to a lot of money. For example, you buy a product because it is on sale or there is a big discount. But that item will sit unused for years. So the idea that it is better to use wasted money wisely in gambling makes sense. If you lose, you lose money in both cases. But what if you win?

Manay individuals what quick profits and this is what gambling is used for, for them. They see gambling as a way they can make money and be living as a wealthy individual. They won't want to invest in Bitcoin as Bitcoin investment needs patience but many of them don't have patience. When gambling too, their brain receive dopamine which is addictive but investing doesn't have that feeling of risk. Investing in Bitcoin is better but needs a long time to become very successful.

When you're gambling, you can be lucky one day and you win a big amount of money with a very small wager that will change your life. Many gamblers aren't gambling what they can afford to lose but they won't stop as they think their future is in gambling. Gambling has become an addictive activity that when they don't gamble it'll be as if they can't live. You can be gambling and also be investing too.

Maybe, if will had thought that first but was too late to realize such kind of stuff when we already started gambling (and the worst is addiction).
Even if we never gamble, we are not sure as well that we are thinking about investing as well. So I would say that investing just comes out in our mind and recognize its importance when we already missed it.

But I understand why, it is just most gamblers think that gambling could them a chance to win big and instantly become rich but through investing, it takes several years before they see rewards. I see that the majority are impatient and they prefer to take their chance on luck rather than hard work and patience.

Everyone certainly has different preferences from others and for those who like gambling, of course they will never think about saving or even investing because most of the income they get is used up for gambling and when they win they forget about the losses they have made, but for Some people gamble and can still control their gambling activities so they don't lose a lot because they don't gamble continuously and I don't think anyone can win gambling continuously so it's important for us not to gamble too often.

It just simply means to be careful with your money when gambling so you don't lose too much. I totally agree with you, instead of spending too much in gambling, it's much better to set aside that money into investments or savings. This will to save more money and avoid gambling addiction or problems. Finding much better alternatives or better option is better to help people make better choices on what is the right thing to do with their money.

People don't take this advise serious they see every stake in gambling as an opportunity to make money but it is not as the think, gambling is not a sure stuff, it not even an investment so gambling with much funds shouldn't be encouraged because someone can be bankrupt if this gambling with huge amount if money continue to exist, however it an individual thing and I think that there is know among of advice that can be give to a man who has decided on what to do that he will adhere to, but in real sense gambling with what you can afford to bear the loss is an effective way of controlling your gambling habit to stay in a particular limit without going extra mind.

True gambling is more like a waste of money, because there's no even 50% chance to win in a gamble unless you are super lucky enough to have frequent wins and you are gaining more money than losing, but we can't blame other people because they still hope to win in a gamble because, yes, literally, you can earn a lot or just one jackpot and your life could change upside down, but is it enough basis to just waste money in gambling without the assurance that you will win one day? I personally don't hope that my life could change because of gambling because I believe in my own skill to become rich and successful, and I treat gambling as my kill time or just for fun. So a little money to be used for my fun is not bad at all, as long as that money is for me to afford to lose.

OP, to me you're getting things all wrong. That saying that going like this, "gamble with what you can afford to lose" only means you have to make use of the available money you can afford to lose and if you're done with that amount, you stop and don't go about complaining and making those around you feel like they're the cause.
Talking about investment I can beat my chest that Gambling is another form of investment. Gambling have changed the status of some individual and if you don't know, some people use it to establish themselves, opening other businesses, feeding their family, I mean name it. So if you're making Bitcoin as the best way to invest rather than using the money for gambling then I must disagree with that.
In Bitcoin investment you can't say you don't lose like gamblers do lose, everything in this life is all about risk and it depends on how you go about it, at this point I must say Gambling is another form of business/investment that can generate money as well as Bitcoin and the both doesn't favor everyone who engage in it.

The phrase “Gambling with what we can afford to lose” is something we should always remember. People can use more money than other people because each person has different limits. We have to control the risks in gambling so that we don't experience too many losses.

If people used a lot of money to gamble but they can't afford to lose, they have to change their mindset. They really need to learn controlling themselves so they don't gamble excessively. We can't win a lot of money from gambling if we don't have luck.

Instead of experiencing much losses that we can't afford, it's better to avoid by limiting the money we spend on gambling. That will prevent from the risk of losing a lot of money. That's where we have to be able to become responsible gamblers when playing gambling.

We should not gamble with so much money that we will not regret it later. Chances of winning in gambling games are small amounts can be thrown so that if you lose you go over a small amount. But in my opinion saving money from investing in gambling is more profitable than investing in proper gambling risk. Here you can afford to lose more. From this you will feel comfortable spending your money on other things.

It's what exactly the gambling addicts are thinking, they always believe they will win huge amount of money and that can recover all of their losses, how it's different with think it as an investment? so you're supporting a gambling addict here. :P

Don't mix between gambling and investing, in gambling every penny you bet you will lose, but in investing, as long as you didn't sell your investment, it just an unrealized loss.

True, you have pointed out one of the reasons why gamblers or people who have a hobby of gambling are more concerned with gambling which basically has no certainty whatsoever in terms of earning than investments or other things that do have the potential to grow their amount of money over time, but this is the difference with gambling, which is that casinos provide opportunities for everyone to make money instantly, but all the good results that exist in gambling are nothing more than a "coincidence" situation which means that you win when you are really lucky and nothing more than that.

So the reason why people prefer to gamble is because they like something instant but unfortunately they misunderstand what is called opportunity in gambling, they think that it is not easy or very easy to win there, even though the fact is that they are just wasting money slowly. as time goes by and even though they win it is a fact that the winning amount is actually their own money which in several previous sessions was lost due to losses, but still as you said a gambler will easily forget the amount of their losses when they succeed in winning and what it means the increase in dopamine in the brain completely shuts down all memories of their previous defeat. On the other hand, investing is a good idea but unfortunately this is not something that gamblers want, especially those who are too tempted by winning.

The type of money that you can invest in Bitcoin is not the type you call money you can afford to lose like gamblers use to say, that money is for investment, the amount should be higher than money you risk in gambling, why? It's Bitcoin, the confidence in investing into Bitcoin is incomparable, investing is massively different from gambling.

I can afford to invest $100 into Bitcoin every month, but I can only afford to risk $10 in gambling every month, you want to know why? That's because one is reliable than the other, so far the money that's going into Bitcoin is not the money that I will be needing in few months and years to come it's worth the investment, but gambling? It's like wasting away all your money.

I do both and I know the difference between both, the amount that gambling deserves is far lower than the amount the Bitcoin deserves, Bitcoin is a decentralized digital asset, even big names in the world are getting a piece of Bitcoin max supply, hell yeah, it deserves more money from me than gambling.

Everyone has a different mindset as well as different ways of getting pleasure, if you think that investing is much better than gambling of course it is true but what about people who spend their money in other forms and the goal is also to get pleasure, is it wrong? for those who do not like these activities will certainly be said to be wrong but not for those who like it, then what is good? The good thing is when we can also have fun but also still invest, if gambling can provide fun then do it but don't neglect about investing, but indeed we cannot consider gambling as an investment because even though it has a chance of winning big but it is not a good way to double our money because when getting big money quickly it is very likely that we become shocked and forget or are unable to bear it so that we lose more because we are not mentally prepared to receive the big money.

You are implying that people should stop gambling and instead put the money in investment ventures, I don't think people will do that, people gamble and they have reasons for that, some of them already have an investment and they need something that will entertain them, and some people prefer to gamble to have a chance to make and at the same time to have fun.

It's good to have an investment portfolio but it is also good that you have a diversion from all your business and your office work and they have the gambling platform to turn to, for a responsible guy he can have both, having an investment portfolio and playing in a casino at the same time.

We don't have to earn money from everything we do, sometimes there are things we do and we just basically do them for fun and for our health to be able to relax and enjoy nthe moment, even at work after working, w edo take out some time to rest and while doing such we have to add relaxation and entertainment to such form of rest so that we get to be refreshed after the whole long while of working, a time to rest, refresh and get back to work again wouldn't be a bad idea because we definitely need to rest at times and be able to get back refreshed and appear even more efficient for work than we have ever been.

If we hope to make money out f everything we do then at some point e might just be stressing much more than the body and take and should have but then we we need the break and entertainment as these are part of the reason we work so we can obtain a good life.

Do we really think life is more than money? Correct, but it's more than taking a break. Understand the intricate life equation where not every variable has a dollar sign. Happy, healthy, and productive are the keys to a fulfilling existence

If you're always in earn mode, you're missing life's wealth. Same as eating without taste. You're fed, yet where comes joy? Not only is efficiency about quantity, but also quality. Well-rested minds cut through issues like butter. So before you call downtime unprofitable, consider the true cost of never turning off. Surprise: it's higher

Actually, if someone wants to stay away from gambling, they have to be responsible. If you have a family and you know that you are responsible for your family income and you have to maintain everything, then you cannot gamble? You know that gambling is pure risk and you cannot do it if you are responsible for your faimly expenses and everything.

So, if we use a term like invest what you can afford to lose and invest the amount in Bitcoin, it could be turn into a massive investment. If someone invest $10 per week or let's say $50 month for a long time, their investment may grow in the near future.

I mean everything boils down to your preference if you want to invest that money or if you want to splurge it in gambling.

The term "gamble the money that you can afford to lose" is a general term that you can pretty much apply anywhere for as long as you have the extra funds to use your money with. Some people want to invest the "money that they can afford to lose" to stocks or crypto; while others may use it on their hobbies or in gambling.

I also agree that if people save that "money that they can afford to lose", they would have made a good investment in the long run. But at the end of the day, it's their money and they have absolute authority on which things they would use it on.

Gamblers are aware that you need to invest to secure your future, and they also need to unwind or have a diversion many investors prefer to enjoy their time in casinos many big businessmen in our country are patrons of physical casinos, some of these businessmen talk about their business or do a deal inside a casino while they are taking rests.

We should not judge people who gamble because we don't know them personally, it's their money, and it's their choice what to make out of it as long as they are responsible gamblers, some gamblers are successful investors, not all who gamble are irresponsible people who do not know how to invest or run a business, one of the owners of one of the biggest mall in our country, frequent casinos so how can you say to him straight that he should not gamble and instead put it investment when he is already running successful companies.

OP is just creating an advice to divert the amount being spent in gambling to investment given that risk is present to both gambling and investment, but it is more manageable with investments. The idea is already there however, nothing can give you assurance eitherway. There are people who are losing with investments and people who does the same with gambling. It just depends on your preference on which pathway would you be taking the risk. It might differ to one's perspective; high risk high reward or low risk but will be giving you a chance to win big time in a instant. Not all people are into investments and also with gambling. There's a huge difference indeed with the experience however everyone's having the same goal which is to earn profit.

Gambling is profitable with games wherein analysis works such as with sports betting. Although it won't still guarantee profit but will still give you the possibility. With investments, not all projects or assets are profitable as well. We just have our own ways to deal with risk.

There's no denying that if you talk about investment and gambling, of course investment has a good chance of making a profit, gambling also has a big chance of losing, that is, humans always have opposing thoughts, none of which are the same, that is a big challenge in human life.

We all know gambling and investment, understand all the risks, but people still dive into the world of gambling, even though they know the risks involved, The point is that humans have two elements in their bodies, intelligence to think and lust to plunge humans into the black valley. The point is that it comes back to humans themselves, the best way of thinking for them.

There are some differences between gambling and investment but if we think deeper sense about gambling then I would also say that gambling is a type of business which is riskier than other investments. We can somewhat relate gambling to business. Any platform is risky when it comes to investing. Even though we know about the potential of Bitcoin, there is no guarantee that we will be profitable there. The same situation exists in gambling. An advantage in investing in Bitcoin is that there is no full loss of money, but it can be lost in the event of a gambling loss. But if one gambles as much money as he is ready to lose then gambling will not have any negative effects. Directly gambling cannot be considered as investment but indirectly it can be called investment but not in all cases.

There is two angles to this, the knowledge of bitcoin and the zeal to invest in bitcoin. Some people don't have such knowledge or information that there is bitcoin and how to invest in it. This is why the saying that information is power is very apt. What you don't have the information then you will be acting in ignorance of it. I won't conclude that people don't want to invest in bitcoin because I know quite a number don't know about it. And the second point is the feeling that bitcoin is a scam. Some people also still feel this way and for such people who fall in the category of gamblers would prefer gambling their money rather than putting it in a "scamming venture"  ;D


Have you heard of people saying gambling is investment? People have different views and that reflects on their investment too. So some people believe gambling is also part of investment. They don't see it as merely fun or what they gamble but they regard it as investment and so when they stake they expect a certain return from the investment. Thus, this kind of people, your good idea will not make much meaning to them because as far as they are concerned, they are equally investing with their money through gambling.

People gambling with their money but only few people who gamble with what they can afford to lose. Many people doesn't realize about limiting their money to playing gambling because their intention is change into chasing the winning. They adding more money to their account and used it place a big bet because they think that when they get big win, they can get much money. But that is not like what they imagine because in gambling, they must realize that they can lose much money if there are no responsibility playing gambling. They will lose all of their money without having a chance to recover.

The more money they used, the chance to lose will be bigger. Once they lost, they will regret it and can't realize what they did. But everything is happen and can't turn back and only accept the fact.

That's what I am also hearing from the financial advisors and you're not wrong at all. It does makes sense if someone who spends little amount in gambling will put it into investments or assets that soon will grow.

But, it is their money and they are the one to decide on what they do with their money. It's okay to spend that small amount and they can do whatever they want with it.

Just do remember that if they can't get themselves in control, they're all free to stop.

Yes investing what you can afford to lose in gambling activities is more of a fail safe or discipline measure. Now the difference between a gambling addict and a non gambling addict is how seriously they take gambling plus how intensive Their stakes are with respect to how financially stable they are. Someone who stakes $20 could be a nasty gambling addict whereas someone staking up to $500 could be a disciplined gambler. It all depends on how solid their financial status is.
Sometimes we wish we staked more when we win but the truth is you never know you will win till you've won. Still gambling should not be seen as an investment.

People's reasoning regarding this is that gambling produces faster turnaround time for results, whereas in investments, it's trickling down for a long time before you can reap something. Most people who go the route of gambling to make money wants instant result, even though that's not possible most of the time due to the element of luck and chances involved. With investments, you are slowly building something, but at least it's being build and don't have a huge possibility of being destroyed any time soon.

Or it is really just that simply that it wont really be that hard to distinguish in between investment and gambling on which it is really just that right that you would really be having those kind of approach
and its impossible that you would really be blinded up with those wrong information in between investing and leisure time. Spending on the amount on which you can afford to lose is always been that recommended.
Dont play on the amount on which  you cant really be able to accept about or simply being that compromising your life savings on which this is something that you would really be needing up to be wary on.

Leisure is different from investing and spending on gambling is never been that an investment and this is something that you should put up in your mind. This is why it would be
best to have this kind of approach rather than on making yourself that be thinking on something which it isnt viable on doing so.

A matter of preference right? Many people are aware of different investment ideas but why are not all people into it? One reason is risk then there comes gambling wherein risk is more present. These two are different with concept but are similar with some properties and one is risk involvement. Now, as we all know, gambling is a more risky engagement to deal with in comparison to investments. Why are people still choosing gambling over investment? Aside from preference, I think another factor is the thrilling experience wherein it is more active with gambling. Both are profitable but gambling is only dependent with one's luck unlike with investments wherein data are helpful to create or draw a conclusion. Not because you saved the amount which is expected to be lost in gambling, it would automatically be considered that investment is a better option. You can also manage the amount you are dealing with gambling if it is just the experience you are seeking of.

The reason for this common words”Gamble with what you afford to lose” is the gambling was the game.When the gamblers decided to win the money from the gambling site,they forgot the basic thing of gambling is the game.So the probability making money is 50-50 chances of betting.The gamblers luck and skills play the huge role in the game winning,because most of the gamblers will play the game with their own wish.The first thing is the gamblers should not fix the target of winning in the gambling site,if the target is failed the gamblers will get more anger.So that emotions will play the huge role in the gambling site,the game is same all the time.Because the gamblers who want to play without expectation will make huge profits in the gambling site.The gamblers who uses the less money will not make the more money from the gambling site,the reason is the gambling have huge money in the recovery game of old losses in the gambling site.The gamblers should allot of money which is essential for complete month.

Most gamblers mistakenly perceive gambling as an easy way to get rich so they choose gambling over investing. Also, when investing you have to consider a long term strategy and many people just don't know how to wait. They need everything at once. And in fact, most gamblers do not have a sufficient level of financial literacy, so in their understanding investments are as risky as gambling. There are many people around me who believe that cryptocurrencies are a Ponzi scheme, so they choose gambling over investing.

First of all I wanna say that we shouldn't mix up two different things that Investment and another one is entertainment. I don't think that here all gamblers are play gamble only for the money of gambling as a investment purpose. I always take gambling as for fun And I think everyone should gamble with that in mind. Many people here take gambling as a source of income and keep money as an investment, and I think they are the ones who face big losses in most cases, as well as their amount of money wasting.
And I think those who gamble their affordable funds for fun, I don't think their money is wasted. Because entertainment and investment are not the same.

Many people indeed view gambling as a quick and easy path to wealth that is often driven by a desire for immediate gratification. This mentality can lead people to prioritize gambling over investing, because they may perceive investing as requiring patience and a long-term strategy, which contrasts with the allure of instant winnings in gambling.

The lack of financial literacy among many people exacerbates this issue. Without a solid understanding of financial principles and investment strategies, people may equate investing with the same level of risk as gambling. This misconception can discourage people from exploring investment opportunities and lead them to opt for the perceived excitement and potential rewards of gambling instead. The skepticism towards emerging financial technologies like cryptocurrencies further complicates the situation.

If you really think that, why are you promoting a crypto casino in your signature and your avatar? Is your bounty manager aware of your opinion? I don't think it's very fair and honest towards other members who really like gambling and want to promote such services. Not talking about how relevant posts about gambling should be. You've not more chances to make money by investing in Bitcoin, especially now ETFs have been accepted, than through gambling. Because nobody knows how much BTC will worth tomorrow.

First off, don't tell us what to do with our own money lol. Huge majority of people like me who are able to responsibly gamble got sizable investments and multiple income streams that could keep us afloat for years on end. Gambling is more like a secondary hobby for us that we turn to when we couldn't enjoy our primary pastime activities fully. So yeah, while you're correct with the concept of "investing what you can afford to lose" (no shit captain obvious by the way) you'd come to realize that everyone in the trading industry/crypto world's already known about this since time immemorial, matter of fact the crypto variant came before we even realize that you could implement the same thing in the gambling industry and expect the same results.

Again, don't get me wrong, I appreciate the sympathy but the thing is that those would've worked well for other people who needed it, not for us responsible/sensible gamblers who knew how the game operates from the get-go and have managed to find ways to enjoy gambling even when we're losing money. Not gonna call you out on how hypocritical the post is considering you're promoting a casino (although it's a little minor to begin with so nothing out of order here really).

There is no need to explain further, I understood you quite well. We both have different opinions on what gambling is and how it should be done. Your perception of gambling is more negative than it actually is. For someone who thinks so little of gambling as a hobby and only see the “wastefulness” of gambling and dangers of gambling addiction, it’s surprising that you spend a lot of time in the gambling section.

It seems that this discussion leads to life in the future related to gambling and investment.
first of all I will say that we live in this world not only for money and money but we also need something to equip ourselves so that life becomes more complete, like when we eat we definitely need to drink to smooth out the food in our throats and this is the same like our lives when we make money and earn money but we need entertainment such as gambling, while our gambling is not just for fun but also to try our luck with an amount we can afford to lose or a small amount.

and on the one hand, what you say is true, isn't it better to invest in bitcoin than to waste money on gambling, but we don't know whether all gamblers just waste money on gambling without having savings or investments, whereas there are lots of gamblers here who have bitcoin and other crypto assets but they also still gamble on a small budget.
there are also gamblers here who bet only using money from campaigns and the money they earn from work every day used for daily needs and investments and also when they get a big win they set aside the winnings to invest.

the conclusion just gamble according to your wishes but always remember to use your money wisely and don't forget to save or invest for the future.
being a responsible gambler safer.

The point is that everyone has different perspectives and views on gambling, there are some people who think that gambling is part or one of the places that are fun for them without any excessive actions that lead to waste and there are also some people who think that gambling is completely negative and no matter how you treat it, it is still a negative activity that should not be done> I understand this, and the point is like I said above and you also said the different perceptions of each person, and the other thing is that each person has their own preferences, some people view gambling very negatively and some people are normal.

On the other hand I think you here have a pretty good point of view on gambling even though you are involved in gambling, because you only consider that gambling is nothing more than an activity or a place to provide you with entertainment and not income, this is the right understanding of gambling if you really want to get involved in this activity. In fact, both your point of view and that of the other person are good but there may be a slight difference, and you explain the understanding that can keep you awake in gambling activities so as not to suffer a significant number of losses by not taking anything seriously and only considering that gambling is nothing more than a place of entertainment when you have free time.

You can only consider gambling as your investment if you are the owner or a stock holder of a gambling company, the rest as a player you should not consider this as your investment. We all know the risk in gambling so we have to treat it the right way, and yes it's good for entertainment and not a good source of money or income. Risking everything in gambling is not worth it, so make sure to have your limit always and make sure you are gambling with your own and extra money.

You are confused because you are assuming that investing will surely give profit at the end of the month without considering potential loss of total investment. Investment is still not a sure profit which means you can lose just like gambling. The only difference was the control to your profit since you can analyze increase your profitability.

Also you are neglecting the chance of getting profit on quicker way. Losing is not only the outcome on gambling because you can win huge amount if you manage to get lucky. This is the potential outcome which many gamblers is expecting that’s why they are gambling for a chance of quick profit which is very hard to get on investment for a short period of time.

We will not considers gambling as our investment because when we gamble, we use money and ready for the losses that we may get. If we don't wants to lose that money, we must prevent it and always be careful spending the money. We can only gambling with what we can afford so we don't playing gambling excessively and we know that there is a risk behind of gambling. We will treat gambling as entertainment and not a source of income because we know that will only gives us a loss. That's why when we gambling, we always use the money we can afford and will not breaks the limit that we already set. Otherwise, we will lose much money and we can't accept it with easy.

The reason most gamblers advise other players to "gamble with what we can afford to lose" is, in my opinion, because they want us to be responsible and attentive to how we play. Of course, vices and pastimes serve as a source of amusement for people looking to unwind from the stresses of daily life. Because you can quickly get out of control if you live your life strictly in the moment, empty of humor, or engage in activities that bring you joy. I mean, for example, if you have a stable income, you would, of course, set aside a small portion of your entertainment budget for a night at the casino.

Let me put it in another way, consider that even though smoking and drinking alcohol are vices that are bad for one's health, why would someone waste money on them? The answer is simple: either they enjoy it or it helps them deal with stress and other challenging emotions. When people smoke or drink, they put their immediate satisfaction first, which is how habits develop.

I mean that is probably how we should do it right, gambling only the amount that you can afford to lose is probably the best strategy to control your gambling, one of the things that you need to avoid on gambling is your emotion if you're gonna get carried away by your emotions that is the time your gonna lose huge amount of money, probably you're going to still continue even though you are already at your set limit on gambling because your getting frustrated and wanted to win.

That is just probably what you wanted to avoid, but as long as you are gambling a set amount of money that you can afford to lose, it's not going to be a bigger problem in the long run, yes you might lose your bet right if you're not lucky. But then you could just try again some other time the next time you recover that lost funds, I mean if you're gonna set 100$ on gambling it wasn't that big of money since we could say that next month you probably gonna get your salary, for example, 1000$, you could easily recover from that lose. The bottom line is you not gonna get a bigger problem in the end as long as you only gamble the amount the you afford to lose.

In a general sense you are a absolutely right, if we stop spending all our money that is not absolutely necessary, then we could invest more money. All these small purchases we make on the side could lead to a decent amount if we grow it over time. The problem is that would we really manage to stop spending all that money? I have seen so many friends, including myself struggling with stopping to smoke. I spend so much money every week that was not only harming my health but also my wallet. So, if you really can stop all the money spending without treating yourself than go for it. Unfortunately, I am not strong enough for that. If I wouldn't spend an evening at home gambling, then I would go out with some friends for a few beers or for a nice dinner. Putting that money into consideration to my gambling budget, I think it's fine to gamble. Also with gambling I have the chance to make some money back, with drinking all the money is gone and worst case I have a hangover the next day.

If gamblers switch to investment then the gambling sites will close and go bankrupt because people will switch to investment, actually it can't be compared because it's like you buy clothes at a fairly expensive price and the clothes are only worn a few times and you start bored and don't wear it anymore, can the clothes be sold? It's also the same as if you're wasting money, as well as gambling, it's like we're playing, but the game is paid. But if our goal is just entertainment, we don't think about how many dollars we've spent playing gambling all this time, because if we look at it, we've lost a lot likewise, when we spend money to buy things that we don't really need and in the end we don't use them anymore.

Investment is indeed more profitable in the long term when compared to gambling where the percentage of loses is greater than investment, but sometimes there are people who think of using most of it for investment and a small part for gambling so that both are the same, the most important thing is that the gambling does not exceed reasonable limits so that the gambling is not disturbed and investments are only made for people who don't want to lose because gambling requires a strong mentality to accept losses.

Your point is valid but only for people who are gambling but aren't saving money or making side investments because if a person is saving some money, keeping investment funds on the side, covering all their expenses, and then using a few dollars for their gambling activities because they can afford to it, there is nothing wrong in that. Everyone has the right to live their lives the way they like it, and if one can afford to do a certain thing, they should do it.

However, if a person isn't earning enough money to have savings, investment funds, and then some bucks spared for their gambling activities but they are prioritizing gambling, that is a wrong approach without a doubt, and such a person is to be blamed for doing that because gambling should be the last thing one should do if they have funds left after their personal expenses.

I agree, we need to strive to reach a balance, just as it is wrong to spend all our money and not save any of it for our future, it is also wrong to not use any of the money that we earn to obtain a bit of fun once in a while, what we need to do is to save a significant portion of our monthly pay, and whatever money that we have left after paying for our bills is money that we can use at our own discretion in whatever we want, including gambling with it so we can relax and enjoy ourselves a little bit.

.Then I think we should change it to “If you must gamble, gamble what you can afford to lose” because that is the point of that phrase. It isn’t as if it is encouraging people to gamble but it is saying that for those who gamble, do you overkill yourself just because you are desperate or greedy to make money.

For gambling addiction, you need to gradually gamble with lesser money while you channel your energy elsewhere. I do not advice anyone to gamble, I even decided to stop gambling but will always caution and advice people who still do it so they make better moves and decisions.