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Author Topic: do you consider what you gamble an expense or investment?  (Read 1443 times)
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March 24, 2025, 11:52:37 PM
 #21

The money used for gambling shouldn't be classified as expenses or investment until at the end of our game .so it is at the end of each games,that we can say for sure if it is an expense or if it is an investment.if it happens to be successful we can say it is an investment since it has yielded profits however if it is not successful them we can classified it as an expenses.so we can only make considerations at the end of each games.

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March 24, 2025, 11:57:36 PM
 #22

When gambling the real amount I use for gambling is set aside from the miscellaneous expenses because when the budget for that is exhausted i quit gambling for that day since I have set a limit in bankroll for myself without interrupting the drawn out budget, the money for data and other online fees comes under miscellaneous expenses, which budget covers any other further required expenses online and otherwise . In setting your bankrolls for the month precautions need to be taken so that no one should affect the other in other to avoid cashless ness or out of funds.

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March 24, 2025, 11:57:36 PM
 #23

... 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.
Not necessarily. While expenses represent money spent by a business, many of them are essential for generating income and can be considered investments.
However, gambling is completely different, expenses in gambling are just that, expenses. No outgoing funds in gambling should be considered an investment.

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March 24, 2025, 11:59:56 PM
 #24

I want to identify spending money on gambling as an expense. Because there is no opportunity to call gambling an investment. What we understand by normal investment is that if someone invests, he will get a sure profit from it. It may be less or more, but there is no certainty in investing money in gambling. Either he will not get the money, or he will lose the whole money. That is why I can consider investing money in gambling as an expense.

Another reason to consider gambling as an expense is that since it is uncertain, there is a possibility of loss. If a gambler accepts the loss and gambles, then it is more suitable for him. That is, the effects that are caused by the loss start to decrease. The gambler is able to gamble without pressure. But if he considered gambling as an investment, he would regret the loss a lot, which would never be positive for him.

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March 25, 2025, 12:57:29 AM
 #25

Whenever I gamble, even before my money is lost, I've already moved on. Although my goal most often is to have fun while hoping to make a profit, I would neither be sad nor worried when I get home with nothing. Having said this, I consider money going into gambling as expenses.

In the first place, that money is an extra, a surplus, money that could be lost. So even before it perished into thin air, I've already bade goodbye to it. After all, to go gambling is to lose more than to win.

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March 25, 2025, 02:16:20 AM
 #26

Gambling is never an investment and never will. Gambling is not an expenses too as our expenses should be our needs..
Gambling is fun and sadness to us, we should list gambling on ouir wants. we dont need fgambling in our life but this is what we want.
the joy and the excitement we feel when doing it is really amazing but it will cost us a lot.

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March 25, 2025, 02:16:56 AM
 #27

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.

I consider it as an expense even though there is a chance to get profit but it is not a certainty unlike investment where you can calculate the return that will be obtained. However, expense in gambling is different from business, in business you must need expense to get profit where that is the purpose of business but expense in gambling is not a certainty to get profit.
But if there are those who consider what is used for gambling as an investment, it could be that they are not players but casino owners or affiliates.

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March 25, 2025, 02:25:47 AM
 #28

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.
EXPENSE!

You are using up a fund on which it is really that out of your budget specially for important purposes. Its never been that an investment but rather its a thing that gives out thrill and fun.
It will really be that up to you on how you would really be that making out such adjustments on the funds that you are really that using into it. Its not really that bad on spending up money
on gambling as long that it would really be that in moderation because people do usually mess up their lives just because of that wrong spending of their funds into gambling. Its not really that bad
to gamble as long you do have that limits. Investment does give out that opportunity to earn income, while gambling will really be the best way on spending up money on the fastest way.  Smiley
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March 25, 2025, 05:08:44 AM
 #29

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.

Unfortunately, it turns out to be expenses because it often and on an average doesn't generate proceed (I won't say income directly for some reason). If you gamble, you are actually investing for output or outcome which is suppose to increase the amount which you have invested but most times when you calculate how much you have put in gambling and compare how much that has come in, you see a deficit.

Therefore, it is an investment that has not yielded dividend. Investment because of the intended proceed (income) expected but not realized in most cases but for those who have consistently made profit from it, it is an investment.

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March 25, 2025, 05:42:14 AM
 #30

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.

Well, investments are meant to grow, but not all investments "grow", so they become expenses.

If we are talking about sports betting and poker I guess you can try to "invest" some money and test your knowledge, analytic skills, and luck. The approach is very important, if you devote more time & energy to that anything can happen. With a good set of skills you can raise your chances, but it's still gambling and a lot depends on luck.

Let's not even talk about slots and other lucky-based games... "Investing" in these games is playing against all odds, some of us see some fun in that, but I guess we are aware of how risky these games are. Smiley

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March 25, 2025, 05:55:26 AM
 #31

Whenever I gamble, even before my money is lost, I've already moved on. Although my goal most often is to have fun while hoping to make a profit, I would neither be sad nor worried when I get home with nothing. Having said this, I consider money going into gambling as expenses.

In the first place, that money is an extra, a surplus, money that could be lost. So even before it perished into thin air, I've already bade goodbye to it. After all, to go gambling is to lose more than to win.
Moreover, it seems more reasonable to consider the money we use for gambling as an expense, but the expense here is a personal expense of course, for example, I have a salary of around $ 100 and it is used to meet my daily needs and if I consider it as an expense, maybe from every fund I receive, then there must be money for gambling, but it shouldn't be like that either, we can prioritize other things first and if there is money left over, it can be used for gambling.

You are right, gambling has more losses than wins, so discipline must be strictly enforced so that there is no excessive behavior in doing so.
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March 25, 2025, 05:59:39 AM
 #32

Gambling can be an investment if we are an owner of casino or we are an investor on the bankroll of casino, but as gamblers we cant consider gambling as an investment. Gambling is simply an expense for gambler where gamblers need to spend some of their money in order to play gambling games. No matter what kind of gambling we play including sports or poker where skills are involved, it cant be considered as investment but I wont blame people who consider people who consider gambling as investment as long as they know what they are doing.

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March 25, 2025, 06:18:03 AM
 #33

I treat the money I used for gambling as an expense. I never thought that it was an investment because I used the money to having fun and if I won, that was just my bonus. If you think that is your investment, that is not a problem because you think you can win the games and get the money.

Playing gambling using money so if you lose the money, you can not generate income. That is not an investment. The investments are meant to grow while in gambling, you can not always win but you could lose more often if you are not careful. So it is about how you can understand the mean of the money you use to gambling.

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March 25, 2025, 06:37:43 AM
 #34

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.

Coming from someone who makes hundreds of dollars every month, if I can tip my gambling bankroll with little amount of $2 every week how is this even something to have a discussion over? If I have to invest on anything it won't be $2 investment from hundreds of dollars I earn every month end.

I know what gambling is capable of, understanding what gambling is all about is the beginning of wisdom, you can get twisted or deceive by your own mind and all these is due to your experiences of gambling, but if you have little to no expectations, nothing can go wrong as a gambler.

Investments is where your hard earned money should be going, not in gambling, whatever is left in your reserve after paying your bills and buying food stocks and investing for the month is what's left for gambling, it should always come last.

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March 25, 2025, 06:45:31 AM
 #35

Any responsible gambler will know that gambling funds shouldn't be seen as investment because gambling is not a business. Rather gambling funds are better seen as expenses because it's money that you spend without any guarantee of making profits. Gamblers who sees gambling funds as investment will most likely be using huge amounts to play games so that they will be making huge turnovers. If the wins or profits is not pouring in they'll be chasing loses to recover and be profitable, overtime they'll become addicts. Gamblers needs to have major sources of income so that they'll not depend on gambling wins to survive or a means to invest for their future.











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March 25, 2025, 06:48:56 AM
 #36

Does gambling yield profits as investments?
For instance; Bitcoin yield profit while gambling does not yield profit at instant moment or for a long duration so, to me I can't clearly classified gambling as an investment rather I can take it to for fun and we shouldn't for one day think that gambling is investment because the profit does not come so sure unless when luck is shine on you before you could secure winning. And I agree with other people who said that we shouldn't treat gambling as an investment because it is not a guarantee business that you must receive profit at ending of the business so whatever thing that you can never receive profit at the guarantee way it's never considered as an investment otherwise we can say that is a just a fun game where profit is never defined.

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March 25, 2025, 07:01:33 AM
 #37

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.

Why do you ask this question, OP? Isn't it obvious that gambling money are an expense? What kind of investment is spending money on luck-based games(some of those games might even be rigged)? The gamblers, who think that their gambling activity is "investing" probably have the lowest IQ and I wouldn't waste my time arguing with them.
You are right about expenses not generating income, but I wouldn't call gambling profits "income". Gambling profits are just money that you won because of your luck. An income is money that you've earned via work or via investing.

 
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March 25, 2025, 07:02:48 AM
 #38

It would just be ridiculous to me to view the money we put into gambling as an investment.

Investing and gambling are 2 different things so we can't equate this in terms of money either because different goals must have different results so why force the will to equate something that will never be the same in the end.

It is necessary to realize that when we consider the money we deposit in gambling as a form of investment I think we will actually see more about gambling which makes us unprepared for the losses that occur whereas a gambler must instill the nature and belief that even though it is about luck but loss is the greatest probability and we cannot consider it as if it is an investment where we continue to deposit to gamble as if the future we will get the results of as a form of profit from the deposits of several years that we do. That's too naive for me and they only look at what they think is a good source to suggest themselves to make deposits continuously without feeling wronged.

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red4slash
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March 25, 2025, 07:15:22 AM
 #39

Writing or recording expenses in gambling is not a mistake and it can be a very good thing as a reminder for us and a reference that we use as a benchmark for the expenses we make in gambling. But equating this as a form of investment is clearly wrong because even though there are several approaches in different ways, we still cannot equate gambling with investment because it will not find any correlation even if forced.

We don't need to make it seem like everything is related just to assume that what we do in gambling is the truth because in any case in this case I think that people who consider and equate investment and expenses in gambling are just like a defense where they want to gamble with a nominal amount of money that is not too controlled but they don't want to accept the risk when losing money and assume that it is a defeat in business (investment) not gambling.

 
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Oshosondy
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March 25, 2025, 07:15:46 AM
 #40

... 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.
Not necessarily. While expenses represent money spent by a business, many of them are essential for generating income and can be considered investments.
However, gambling is completely different, expenses in gambling are just that, expenses. No outgoing funds in gambling should be considered an investment.
You are very right about what you posted. The money that a company used to acquire something is called expenses and the main reason the company acquire that thing could be because of generating income. The money that I spend on gold, business and other investments are expense but which my intention is for them to generate me money. Also the money I spent on buying food, personal care and on gambling are expenses but not investment.

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