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Most of people who are gambling and betting can't stop themselves from trying it over and over again because they're addicted to it and it's more like a drug
I've seen people ruining their lives while trying to gamble or bet with their life savings just to make it big in one go, while trying to hit the jackpot it has ruined relationships and marriages in many cases while only few have secured jackpot luckily but some of those few have gambled or bet all that money they won again in the same casino.
That's why there's a a saying you can't walk away with money from the casino cuz casino knows how to keep prize money in the same place even if it's won by someone.
How Good or Worst Gambling and Betting is in 2025?
It is 2025 and the way people are gambling or betting is completely different than how it used to be 10 years ago
In these last couple of years crypto and internet has changed the entire gambling and betting markets structure
There's new name for both gambling and betting in 2025:
You're not Gambling but just buying Memecoins, You're not Betting but making Predictions in market
From the start of 2023 we've seen this entire memecoins trend becoming more than a gamble, everyone's buying assuming it'll go up and make them loads of money
While trying to hit the jackpot, people got rugged lost money purchasing the wrong memecoin is same like gambling in casino with those slot machines, there's thousands of memecoins everyday like those lottery tickets, you never know which one will hit but you still buy because you want to see your luck
You never know what number you'll get on screen but you just speculate and believe your instincts, rest it depends on memecoin if it'll make you that kind of money or you're just going to lose it.
Like today we've witnessed Greatest single day wealth making opportunity when Trump launched his own memecoin on Solana
By the way I was sleeping at that time and missed it
Rest of people who saw it on launch and even later aped with full size like they risked life savings on a memecoin without even caring "if trump account was hacked and SIM swapped" yet they all put life saving money which is literally gambling
But it worked, because everyone in the casino followed the same thing, they all bought together
And in less than 12 hours Trump Marketcap is already over $25b
Trump memecoin went from $0.2 to over $30 in less than a day and everyone who put life savings can now own a casino if they want to
This is just how modern day gambling is nowadays and it's not that bad because all you need to do is believe in your instincts, click some buttons and do nothing with the amount you won't cry if lost
But there's also bad gambling websites where people try to gamble and win jackpot but people just lose and lose, chances of hitting big is less than %1 because the way those websites have designed algorithms, so it makes sense to ban these kind of gambling websites.
While Making Betting as Prediction Market
There are lots of betting websites where people bet if this team in this sport will win, same like how people used to bet on this horse will win the race
Now it's all on internet and websites, people just bet as little as $10 or $100 to make it big depending on size
It's now known as predictions market like in crypto poly market is where you can see everyone betting on something
Like those who bet on trump winning election won huge, while those who bet against trump lost huge.
But no one call this betting since it's a word everyone thinks like not a good habit, so new modern day betting is predication market which is just fine in my opinion cause everyone with a sharp mind, knowledge can bet on the winner and make some money.
And if someone bet on someone without knowing anything than that's also gambling
Wrapping Up...
Hence I believe gambling or betting both is wrong when you're doing it incorrectly, everyone is supposed to do research, study properly than decide if they'll bet or gamble on those odds.
I'd never go to casino, never in my life and won't gamble or bet because I know what I'm doing after putting hours to understand how this work, what result it can bring in for me
So this all depends on person, those who are lazy gamble with trading by longing or shorting without knowing why they're doing it
It's same with every life decision we make, if you're making blind decision without knowing what it can bring you on the table, it's just another gamble and I won't make it my lifestyle like some people have made.
In the end I wonder what's your thoughts are on this and how do you see these both things, should it be legal or illegal? do share your opinions in the comments.