I think people don't understand that there is no strategy in gambling. Gamble but consider your spendings on it as an entertainment expense. Got luck on your side and won? Good. If you don't you still had fun.
Gambling will be gambling. But you can turn gambling into business. Putting in data and creating a statistical guess where you identify when the odds are likely to be on your side and put your fund at risk. It is like investing is it? You can back it up with sound money management and risk-reward ratios.
Simply put if you have 2:1 RR. Toss a coin. If it heads, you lose $50, if it's tails, you gain $100. At the end of a series of trades with 50/50 odds, you still would end up with positive gains.
Is it luck? Probably. Is it backed with data and sound management? Absolutely.
Losing ain't fun. But it's a normal part of the game. The most important thing is you followed a system that when you put in play, chances are in your side.
I think people don't understand that there is no strategy in gambling. Gamble but consider your spending on it as an entertainment expense. Got luck on your side and won? Good. If you don't you still had fun.
This is true, many don't understand this, understanding this is understanding peace, gambling shouldn't be your sole way of getting rich, you will get burnt pretty fast, it is better to gamble like you are playing a video game, it's a luck game this time around so use the money you won't be needing any time soon.
The reason why many got rekt while gambling is because of the unrealistic expectations and the unrealistic dreams they want to fulfill through gambling.Truly. gambling is making money fast and losing it faster. Some gamble for validation of having wins, impulsive betting, and chase of dopamine. And when they lose, it would be destructive.
There's the other side. Gambling turned into a business. It is making money smart and consistent.
Which side are you on?