I dabble in matched betting.
It’s tricky to find an account these days that won’t block gambling eventually (I only ever use a separate account).
My aim in October 2019 was to cover all my monthly housing costs, excluding mortgage, with matched betting, referrals and other untaxed rewards, just as an experiment. It worked until betting effectively stopped during lockdown and has only recovered. I think that’s as close as you can get to betting being part of a good financial strategy!
“Real” gambling though is a different matter. I know people who say it’s for the thrill, but given it’s a mathematical certainty you will eventually lose against the house, I don’t see where all the excitement is. Maybe betting for your team or player, but even then, you’re just giving money away to some shady outfit on Jersey or wherever.
I would love dozens to come out and simply ban all gambling on its platforms (a bit like lots have done for crypto). It would reduce risk (and presumably costs?), create complete clarity for customers and send a great message about the dozens approach.
Surely the only reason other institutions allow it is because it generates income, not for customer-first reasons.