Is Gambling Money Spent Or Money Invested?

Today we have a lot of gambling sites and platforms as a matter of fact, we have crypto gambling platforms. Gambling is a known huge business, some are legal, while some are illegal. But let’s focus on the legal gambling platforms, they are known all over the world, which is a huge lucrative business. The next question is, what is gambling? And how do you explain gambling in your own terms?

Gambling in my opinion is an activity or a game where you use your money to play with the hope of wining a lot of money, so it’s a big time game of chance with high risk. You know you are risking your money and you might not get your money back, but the feeling of playing and taking the chance of winning big, makes you want to try it. You know there is no utility attached to it, for instance, a million people can use $1 to buy a ticket, but only one person get to take it all. It could be a raffle draw where a lucky name is chosen and a winner gets to take it all. This means that every player indirectly contributed money for the winner.

Where is the utility in that? Funny how this is legal but crypto isn’t, but that is a story for another day. Owning a gambling company is regarded as a good investment, because the rate at which people lose in gambling is high which makes the gambling companies richer. But when you want to gamble and tell people about it, they advise you not to gamble because it’s obviously another way to lose money.

But some people see gambling as an investment, which in another way can be an investment. Investment is something you put your money in, speculating it yields profit. But the risk is expected to be lower in investment than in gambling, in gambling you get surprised when you win, but in investment you get surprised when you lose. So when gambling are you spending money on the thrill feelings you get when you gamble or you are investing on making tons of profit from the $10 you gambled with. When you gamble and win, then narrate the story on how you spent $10 on a raffle draw ticket and won $100k, it will be perceived as investing $10 to get $100k.

But if you narrate how you spent $10 on a raffle draw ticket to win $100k, you will notice that the thrill feeling of potentially hoping you get lucky and win the $100k will be so exciting. You find a lot of people speculating and imagining what they would do with the money if they win, that feeling can be extremely exciting, that is the feeling you are spending your money on.

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