~snip~
On what ratio do you use to rate the gambling chance of winning and losing to be 50/50? Because I see gambling having a higher chance of winning over the gambler, the gambler most of the time has a very minimal chance of winning in every game compared to how they can lose to gambling, the risk is far more than 50/50.
Even if the chance is still 50/50, like you said, it's too risky to use loan money to gamble because you are not just taking a risk on your own; you are also risking some other money, which is almost equal to risking your freedom.
Some games do have odds that are close to 50/50, not quite, but close.
For example in roulette, if you gamble on the color, say red. You have almost 50/50 chances to win, you will only lose if the ball ends up in black (half of the numbers), or if it ends up in 0, which lowers your chances. Of course most modern tables also have a 00, which lowers your chances even more.
You are right but that is not for all types of bets or games because there are only a few games that provide 50/50 odds for gamblers, such as the game of roulette which has several betting options with 50/50 odds.
It just that not all gamblers will like it and this game will be game of luck with random algorithm performance and we cannot use any strategy to predict what is right to bet on.
I myself, if looking for 50/50 chance, much prefer sports betting and take the double chance betting option with draw or win for one of my favorite team and this will be much more fun.
However, each gambler choices will be different and they have their own decisions in choosing what to bet on with the amount of money they have deposited.