Is gambling also referred as investment?

[ASloveapg]

I don't consider gambling an investment. An investment is expected to generate value over the long term, while gambling is, most of the time have negative return because the odds favor the house.
Its better treated as entertainment rather than an investment, although im not favor of calling it entertainment since gambling will really suck your money up if you dont have discipline.

First of all, it is important to know that an investment is also a risk, even though it is not as risky as gambling but you must have it at the back of your mind that you are going to incur losses. Even if you might not lose it is important to fix your mind that way so you don't get disappointed when that eventually happens. Gambling on the other hand is not an investment because the system is built around probability and not based on making profit.
Gambling will definitely take all your money if you are a constant player and it is even worse when you take it as a source of income.

There is definitely a difference in risk between investment and gambling. Risk is generally present in everything, but the main difference is that you can control the risk of your business, that is, you can reduce your risk a lot by managing your business very well and increase the chances of business, but is this possible in any way in gambling? What do you manage in gambling? There is nothing to manage here, everything depends only on luck. So gambling and business can never be the same, in business proper planning, patience and hard work are needed, and in this way one has to move forward to create a possible financial future, but gambling is only a source of temporary entertainment, nothing more, but when people start expecting success through it, then it puts people in great danger, so there is no shortcut to success, success can only be achieved through long hard work, but if you want to get rich through gambling, it can destroy everything you have.

[Sally9256]

Anything that can make you money comes with risk, business and investing included. But those risks can be worth taking, because with the right knowledge, and experience and risk management. You still have a shot at making a profit. Gambling is different story. The house usually has the edge, players have little chance of coming out ahead, no matter how hard they try.

So putting them side by side is comparing apples to oranges from the get-go.
No offense to anyone who treat gambling as a source of income or an investment but they clearly lack basic financial literacy.

Well you're not wrong but I will say gambling is very close to trading in terms of chances of making a profit because of the nature of it. Just as gambling requires luck trading also require luck and their chances are almost 50/50. For trading with the right knowledge and experience you can increase the probability even though the market fluctuates in a way that makes predictions difficult. For gambling it's just a little bit different in this aspect, having the knowledge and experience can be helpful but not really much.

All being mentioned carries risks in their own way and you need to take the risks to gain anything from it. It is said that risk takers are the most successful people.

[Bityar]

Have a colleague at work place who keeps saying that gambling is also investment that in gambling whatever amount you use to gamble can actually yield back the results, he emphasize on that if you are gambling you should do the best to use a better amount to place your bet so that if you win then you gonna have good pay out.

Is he right from what you think?

Your colleague is completely wrong as gambling and investments are two different things. In Investments you invest money in some assets like bitcoin or shares. If market goes down or drop temporarily you will have exactly the same shares and and if the market goes up or high so you can recover your profit so in investment you have a full control and also you have a chance of thinking about long term.

On the other hand gambling is fully based on luck and chance so if you lose money one time so it will finished forever. There is a 50 50 ratio of winning and also people loss badly so that means that your friend is joking or he didn’t even know about financial things. We should avoid gambling because gambling have also some bad effects on our life. Gambling can cause people to lose all their hard earned money very quickly.

[Smack That Ace]

Your colleague is completely wrong as gambling and investments are two different things. In Investments you invest money in some assets like bitcoin or shares. If market goes down or drop temporarily you will have exactly the same shares and and if the market goes up or high so you can recover your profit so in investment you have a full control and also you have a chance of thinking about long term.

On the other hand gambling is fully based on luck and chance so if you lose money one time so it will finished forever. There is a 50 50 ratio of winning and also people loss badly so that means that your friend is joking or he didn’t even know about financial things.

Not quite. You don't have full control in investing. You only control when you buy and sell, not the market. Prices don't always bounce back, and you can lose most or even all of your capital.

Like plenty of people already pointed out, the difference is in the nature of the activity itself, not just whether you can make or lose money.

We should avoid gambling because gambling have also some bad effects on our life. Gambling can cause people to lose all their hard earned money very quickly.

Gambling isn't something we should encourage, but saying it always harms people's lives is going too far. Depends on the player. If you gamble in moderation and just for entertainment, it's harmless.