Gambling is not a waste of resources. It is a transfer of resources from one entity to another. It's a zero-sum game.
On an individual level, gambling is roughly breaking even in the long run (say, 95% retention of the resources).
On an individual level, gambling is roughly breaking even in the long run (say, 95% retention of the resources).
Yes, it is.
> It is a transfer of resources from one entity to another. It's a zero-sum game.
All real gambling consumes as well as transfers resources, and is, therefore, negative sum.
No it's not.
Are we "debating" like in first grade or what is this?
By your definition it seems literally everything is a "waste of resources"
Most activities use resources.
Many produce value and are not a waste of resources.