do you consider what you gamble an expense or investment?

[taufik123]

Why wouldn't you consider as an entertainment expense? You go to the casino to have some fun, drink a few drinks, and socialize. You don't go there thinking you are going to win millions, you hope to but not the case for 99.9% of gamblers.

I think an investment really is talking to those that do trading which IMO is also gambling. I have no clue what I am doing when it comes to that so if I were to try without educating myself I would just be lighting money on fire.

Considering as an entertainment expense will only apply to people who are aware of what they are going to do in gambling.
But not with the people who come in just want to hit a million dollar jackpot with just their change, have too high expectations but will end up just burning the money.

Investment in gambling only applies to bookmakers who build the casino, they sell their products that will be played by gamblers and get more money from the investment made in their casino.
Even the gambling business becomes a business with tremendous profits, those who enter as investors for a gambling will also get their share.

[YOSHIE]

do you consider what you gamble an expense or investment?

For me, Gambling can be considered as expenditure, where I have to bet in a certain amount and the results are not accurate as expected.
It's ridiculous if I am assume gambling is an investment, although occasionally has a chance to win in large quantities, but not as expected if calculated expenses.

Gambling Real Expenditures For me, it's good that I think that gambling is lost money, where the money I bet is not necessarily getting a real profit for me, unless I'm lucky.

[Negotiation]

I would consider it a risky investment because let's face it every investment you make involves a certain amount of risk and you could always stand to lose your investment by some means, the same applies to gambling. You have chance. You have a chance investment to make some amount of money. Just like in business.

businesses at least try to manage these risks by setting up a plan that could allow them to minimize risks and make the most out of their profits

a lot of the gamblers do not think of gambling like that they often just play and hope for the best but most of them do not really have much strategy going on since there is no strategy to win anyway like with slots for example there is no winning unless you are lucky

I also think that if you are not lucky there is no chance of winning no strategy works here. Winning or losing in gambling depends entirely on luck in some gambling games such as poker or blackjack skill plays a small role luck plays a big role here too. Winning by applying skill cannot be guaranteed in any case that is why it is very important to be responsible and aware of the risks when gambling.

[nara1892]

Obviously I consider gambling funds as expenses, the reason is because we never know about the results at the end of the game where victory does not depend on any means and besides there is always a risk lurking while we play. Although in terms of risk gambling with investment is almost the same but in terms of generating profits it is clearly different, there is no sure way to generate victory in gambling while in investment you can generate more profits through asset growth scenarios over a certain period of time, the point is there is no guarantee of generating profits or even achieving recovery in gambling and that is the reason why many people advise gamblers to bet with the amount of money they are ready to lose.

[Porfirii]

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. Always. I set a little part of my salary aside every month and I give it up for lost, like the one that I use for any other hobbies I have (having a drink when going out, going to the cinema/theatre/stadium, eating in a restaurant...). In fact, if I'm about to exceed that limit, I try to wait until the end of the month, and I am not very flexible in that sense, precisely because to me gambling has nothing to do with investing.

Everyone has their own criteria, which is very respectable, and who knows, maybe by now I would be rich if I had taken it differently... or maybe poor. I am not one of those who are willing to take the risk.

[SmartGold01]

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. Always. I set a little part of my salary aside every month and I give it up for lost, like the one that I use for any other hobbies I have (having a drink when going out, going to the cinema/theatre/stadium, eating in a restaurant...). In fact, if I'm about to exceed that limit, I try to wait until the end of the month, and I am not very flexible in that sense, precisely because to me gambling has nothing to do with investing.

Everyone has their own criteria, which is very respectable, and who knows, maybe by now I would be rich if I had taken it differently... or maybe poor. I am not one of those who are willing to take the risk.

I agreed with you on your thought as well because we can't take gambling as an investment because we may not have that results we usually feels while gambling. One thing I would also want us to understand that gambling results can't be predicted or knowing how to determined the outflow of results, hence I see it as an expenses but if peradventure someone win while gambling then it's an additional benefits to the person who is gambling. The most important things should be when they are gambling they should be able to use money that they can risk to spend to gambling than using an amount that is extremely that higher for them to lose.

[Koadharber]

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. Always. I set a little part of my salary aside every month and I give it up for lost, like the one that I use for any other hobbies I have (having a drink when going out, going to the cinema/theatre/stadium, eating in a restaurant...). In fact, if I'm about to exceed that limit, I try to wait until the end of the month, and I am not very flexible in that sense, precisely because to me gambling has nothing to do with investing.

Everyone has their own criteria, which is very respectable, and who knows, maybe by now I would be rich if I had taken it differently... or maybe poor. I am not one of those who are willing to take the risk.

I agreed with you on your thought as well because we can't take gambling as an investment because we may not have that results we usually feels while gambling. One thing I would also want us to understand that gambling results can't be predicted or knowing how to determined the outflow of results, hence I see it as an expenses but if peradventure someone win while gambling then it's an additional benefits to the person who is gambling. The most important things should be when they are gambling they should be able to use money that they can risk to spend to gambling than using an amount that is extremely that higher for them to lose.

The only time that gambling would really be that an investment is on the moment that you are the casino owner on which this will really be the only time or moment that you do find yourself having that investment but if you are really just that a gambler then you are the ones who do feed up these businesses to make money into its owner and thats why it isnt really just that right on calling it an investment in the first place.

Expense i do believe because you are spending into something, the difference on here is that this is an unexpected expense which does need up that having that extra money that being used into it, because if we do speak about expenses then this will be basically be talking about into those monthly payables in regarding about it. Trying out to insert some budget for gambling fund will really be giving out that kind of consideration that you've been that including it into your budget but for me it isnt that something recommended because it will really be just that a total waste and its better that you should gamble into the amount on what you can afford to lose but having no toleration when it comes to spending.

[BIT-BENDER]

The honest truth is that anyone bringing out money to gamble gas the intentions of making gain, no on gambles just to throw away money no matter how rich they are. So the first goal of all gambler is to make profit.
But yes I will have to admit that their are people who gambles just for the fun of it. They go to have a good time and gamble as an opportunity to test some of their skills although sometimes this people don't mind losing money but also they will love it better to make gain.
I won't consider gambling an investment because the uncertainty are too much but I will rather say it's a high risk venture that you should handle responsibly.

[Pi-network314159]

The honest truth is that anyone bringing out money to gamble gas the intentions of making gain, no on gambles just to throw away money no matter how rich they are. So the first goal of all gambler is to make profit.

i will agree with you that everyone betting or gambling has the intentions of making profit, but then they didn't bet with that amount of money as an investment, but rather a trying of luck. they put or placed those bet hoping that luck comes there way, and not having %100 confident that something will come out at the end of the day. but hoping on luck to win.

[batang_bitcoin]

Investment in gambling only applies to bookmakers who build the casino, they sell their products that will be played by gamblers and get more money from the investment made in their casino.
Even the gambling business becomes a business with tremendous profits, those who enter as investors for a gambling will also get their share.

Not just them but also those that take part of their bankroll investing. They're also the investors that we can call. But on the other hand, the gamblers which are us, the customers. We're not investors but we're subject to consume the service and pay for it. Sometimes we win, and sometimes we don't. That's why if someone treats himself as an investor but he's an actual gambler, there's a need to fix that point of view because we're gamblers and not investors and it cannot be considered the way others might believe they are.

[DubemIfedigbo001]

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.

The money you spend on gambling should always be money you can afford to lose. In my opinion, you should always gamble with your own hard-earned money. Because gambling should not become an addiction. We should gamble for entertainment. And if you want to have complete entertainment, I think there is no better entertainment than spending your hard-earned money on an exciting game.

When you gamble in your hard earned money, be sure to have a budget for it which you shouldn't have to exceed, else you'll likely waste that money as though you didn't suffer this as acquire it. Gambling is fun, more fun when moderated and when you approach it using funds you're ready to lose, so when you lose it you don't get disturbed.

Gambling isn't a bad thing at all, but when abused if turns detrimental and to prevent such, we must gamble in moderation and stake funds we're prepared to loose.

[bhadz]

i will agree with you that everyone betting or gambling has the intentions of making profit, but then they didn't bet with that amount of money as an investment, but rather a trying of luck. they put or placed those bet hoping that luck comes there way, and not having %100 confident that something will come out at the end of the day. but hoping on luck to win.

That's right, betting to think of profiting sounds more of an expense and not an investment. Although both feats potential losing and winning means that it can also be either. But if someone is there thinking of it as an expense, they won't be too affected by the negative outcome. And so, they just let what can happen through it. If they lose, they lose and that's not the kind of investment that they have because if they're into it as an investment, they'd be poignant about that.

[AmoreJaz]

i will agree with you that everyone betting or gambling has the intentions of making profit, but then they didn't bet with that amount of money as an investment, but rather a trying of luck. they put or placed those bet hoping that luck comes there way, and not having %100 confident that something will come out at the end of the day. but hoping on luck to win.

That's right, betting to think of profiting sounds more of an expense and not an investment. Although both feats potential losing and winning means that it can also be either. But if someone is there thinking of it as an expense, they won't be too affected by the negative outcome. And so, they just let what can happen through it. If they lose, they lose and that's not the kind of investment that they have because if they're into it as an investment, they'd be poignant about that.

I would say, for your best interest, it is better to consider it as an expense so you won't expect anything out of it. Because this is gambling, thus, there is no assurance that you will win from your bets. If you will treat it as investment, you are expecting that the money will grow. However, it is not. In most cases, you will be on the losing side.

Most gamblers are disillusioned in some ways because they thought, gambling can be their route to hit big one day. And so, they continue to bet treating this as some type of "investment." This mindset is somehow popular among lottery bettors, wishing that they could be the next multi-millionaire. However, such scenario is very rare.

[Su-asa]

The honest truth is that anyone bringing out money to gamble gas the intentions of making gain, no on gambles just to throw away money no matter how rich they are. So the first goal of all gambler is to make profit.

i will agree with you that everyone betting or gambling has the intentions of making profit, but then they didn't bet with that amount of money as an investment, but rather a trying of luck. they put or placed those bet hoping that luck comes there way, and not having %100 confident that something will come out at the end of the day. but hoping on luck to win.

I don't know about you but have seen someone who says that gamble is part of investment because after losing his hard earned money to gamble one day he will win back the money that he has lost.
However I don't know if he mean what he's saying but to me, what he said is wrong. Because what if he didn't win any of his bet at all?
IMO the money spent on gamble should be considered as an expenses because winning them back is not for you to decide cause winning them back is by luck.

[Bushdark]

I would consider it a risky investment because let's face it every investment you make involves a certain amount of risk and you could always stand to lose your investment by some means, the same applies to gambling. You have chance. You have a chance investment to make some amount of money. Just like in business.

businesses at least try to manage these risks by setting up a plan that could allow them to minimize risks and make the most out of their profits

a lot of the gamblers do not think of gambling like that they often just play and hope for the best but most of them do not really have much strategy going on since there is no strategy to win anyway like with slots for example there is no winning unless you are lucky

I also think that if you are not lucky there is no chance of winning no strategy works here. Winning or losing in gambling depends entirely on luck in some gambling games such as poker or blackjack skill plays a small role luck plays a big role here too. Winning by applying skill cannot be guaranteed in any case that is why it is very important to be responsible and aware of the risks when gambling.

Luck is very important as a gambler but many will not understand how essential luck is and how it's can allow us make more than we have planned to make initially because of the massive luck that has been making us fortunate to keep making profits even when others are losing. Gambling is not for those that are weak and doesn't have a working strategy that will bring more money to them.
There is no assurance that we are going to be profitable in gambling which is why we need to keep trying without taking too much risk.

[LDL]

Its an emtertainment expense.  In no way should you ever consider gambling an investment.  For me i like to gamble just like i lime to see live sports.  I pay a lot to see those sports and in ruturn i get entertained.  Likewise with gambling i lay down money in exchange i like to be entertained.  No different.

Gambling is okay for you as entertainment and you don't choose gambling as anything other than entertainment, especially as a source of income. For those who choose to gamble solely for entertainment and spend a lot of money on gambling, gambling will become an expense. But there are many gamblers out there who see gambling as a source of income rather than a source of entertainment, and for them, it should be considered an investment.

[aylabadia05]

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.

It never is. Money for gambling especially that has been lost due to losses I consider as an expense like an investment.
Investments can get a return while money used for gambling cannot necessarily be returned because of a win that is obtained even though when the maxwin is obtained by the player it is more than the amount of money that has been spent.
I think that's all I can explain according to what I know and again that I do not consider gambling expenses like investments.

[Sonia_123]

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.

Gambling is an expenses that cannot return back to you no matter how much you spend on it, but we can't say %100 that it's totally an expenses, because at the end of the day, you win, if you have not put in money,how then are you going to win.

The money you use in gambling before you win can also be referred to as an investment, but the chances of winning are slim. Therefore we can just see it as fun because it involves both losing and winning, and so in fun we don't really pay attention on what we are to get from it but just the enjoyment aspect .

[Richbased]

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 treat gambling as part of my expenses and that is why i gamble with what i can afford to lose because i know that winning is not easy to get and it will be unwise for anyone to say they treat gambling as an investment because it will make them spend so much money in the quest to meet up with the investment mentality they have which will probably lead to losses and regrets because anything we take as investment it is expected to generated profits so if the profits ain't coming forth it will become a problem. When you take gambling as an expense it gives you freedom of mind because you have already counted any money you spend on gambling as a loss but if you eventually makes some profits from it, is just like a bonus for you since you never gambled with the idea of taking it as an investment.

[Stablexcoin]

i will agree with you that everyone betting or gambling has the intentions of making profit, but then they didn't bet with that amount of money as an investment, but rather a trying of luck. they put or placed those bet hoping that luck comes there way, and not having %100 confident that something will come out at the end of the day. but hoping on luck to win.

That's right, betting to think of profiting sounds more of an expense and not an investment. Although both feats potential losing and winning means that it can also be either. But if someone is there thinking of it as an expense, they won't be too affected by the negative outcome. And so, they just let what can happen through it. If they lose, they lose and that's not the kind of investment that they have because if they're into it as an investment, they'd be poignant about that.

I would say, for your best interest, it is better to consider it as an expense so you won't expect anything out of it. Because this is gambling, thus, there is no assurance that you will win from your bets. If you will treat it as investment, you are expecting that the money will grow. However, it is not. In most cases, you will be on the losing side.

It is not an expense if you don't take it as such, an investment is the worst way to see gambling. This has been the problem with gamblers who got addicted and began to admit gambling as a new source of making money, meanwhile gambling is appropriately a good way of relaxation and entertainment.  The consequences anyone will get from taking gambling as an investment are far worse when you choose to take gambling as part of your expenses, by the way, not necessary expenses, sometimes with a tight budget, you don't need to include gambling as part of your expenses for the time until you are relieved.