I'm aware *some* gamblers are degenerate ("problem") gamblers. That's a far cry from your contention that *all* gambling is degenerate.
Your argument was that all wagers in an escalating series are degenerate. If you backtrack a FB concede that the smaller wagers in the series are not degenerate, then you can avoid the slippery slope fallacy, but your argument unravels.
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You used a key term: Moderation. Moderation presumes a lack of abuse, ergo it presumes a lack of degeneration. Quite literally, if you enjoy various hedonistic activities in moderation, you are in a stable state and not declining.
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