Even taking into account the average losses at the casino, I won an average return of 350% playing roulette. To say that all gambling equates to gambling is just foolish.
It ain’t gambling if you win
It ain’t gambling if you win
Option 1: I offer you 99,999/100,000 chance to lose everything you have, And a 1/100,000 chance to get 100,001 times more. Expected value is net positive. And yet, you’d be pretty dumb to do it. Gambling.
Option 2: I offer you 9/10 chance to get 1.01x more. 1/10 chance to get 0x. Expected loss. Better than 50% odds of gain. Gambling.
Option 3: Coin toss. Triple your lifespan on heads. Die on tails. Definitely gambling.
The point in option 1 and 3 is to illustrate that betting 10 times isn’t an option in many systems. You can’t say you should always do something because the risk reward is favorable. That’s still gambling, and sometimes a stupid decision.
The average outcome of a gamble is not the likely outcome of taking it. And even ignoring that, it’s still a gamble unless you can confidently run it at sufficient scale to hit the theoretical distribution.
Sure anyone can lose money and it's a gamble, but it's an educated one, roulette is not