Originally Posted by CNN
I never said it couldn't be absorbed. I said it was an obscene amount of money to lose on sports betting in one day (assuming Zoidberg isn't sitting on millions). I still consider myself to have lost an obscene amount of money in the 2008 market crash, even though I've made virtually all of it back, and if all my current equity holdings went to $0, I'd still be able to maintain my current standard of living despite losing very large figures.
If this is simply a semantics issue, I apologize. I'm also sorry for calling you a bad word. I edited my post since the mods will certainly give me an infraction for this.
Most people don't see gambling the same as a financial investment, I guess. With gambling, you are guaranteed to lose at some point. It's more about the thrill / experience than it is about actually making sustainable income. By the way, I appreciate the apology.