"Do people truly risk their money on bets for profit?"
It's always going to be about making money and those "bets" just for fun are those who are just trying out gambling. I think that's the reason for people trying it but avid gamblers probably want to profit and not gamble just for fun. There's definitely intention IMO.
I agree with your statement.
I also think that the title is misleading as the thread focuses more on the risks that are associated with gambling using their respective funds.
Anyway going back to the topic, it really depends on the perspective of the person on how he/she views gambling as an activity or as a money-making venture. Naturally, people who view it as a form of entertainment has more control over their emotions as they are not compelled to make any profit.
Regardless of the situation, whether they win or they lose, what matters is that gambling satisfies their urge to feel the adrenaline. On the other hand, if a person sees gambling in order to make extra income, then they are necessarily compelled to win. There is this pressure for them to make a profit which somehow landslides to a series of bets until they incur a profit.