Every gamble in gambling is the responsibility of every player. But the statement that there is no wasted bet is not entirely true.
When the bet loses and the money is lost it will be in vain.
Gambling will cause many risks of addiction, loss of money and many more and also big wins can happen to some people.
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There are lots of things happening which warrants one to learn and gain more knowledge. The more you bet the more experience you gain betting. This is also applicable in other Life activities which will keep you abreast to development and upgrade as the case maybe.
The more betting the more experience?
That seems to be a statement that cannot be true. The more you bet, the more risk there will be if you lose.
There must be good management to manage money in gambling.
You said don't do Play Fit All Funds, and determine what the maximum funds should be used.
Make gambling a game that does not make you stressed and experience many losses.
Do good management and do not cause too much risk of addiction and financial risk.