True.
The truth is that there are many thousands of people around the world who make a good living exclusively from gambling, and out there you can find tons of modalities. The sad side of gambling is when you don't have any direction and you just do it compulsively and start losing a lot, even your patrimony. On the other hand for example, Those who buy a lotto ticket every weekend and usually spend 10 bucks for those, are gambling as well, but not big deal since it is controlled and surly won't affect their economy at all; I would say that it is like a hobby just like any other, so... the key word again is balance!
"Yet the fact that empirical evidence strongly indicates that the best way of finishing up with a small fortune as a result of gambling is to start with a large fortune is played down."