Investments and Gambling

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Question

Question to Rabbi Amram Fried: I spoke with the rabbi in the past regarding investments that are known to be permitted. My question concerns gambling, which is more problematic, but for me, it is exactly like an investment... I do not bet on teams or players that interest me, and I do not rely on luck. I work in such a way that I bet on players based on statistics of past games and their data from other games alongside other things. So, seemingly, there is no problem of asmachta, nor is there an issue of not engaging in the maintenance of the world, as I do not use it as a livelihood but rather as an investment to earn some money based on my knowledge and skills. Is it permissible to do this or not?

Answer

Shalom u'vracha 

Even in this, there is a concern of prohibition. 

See Choshen Mishpat, Siman 207, Sif 13. 

Source

According to the instructions of the Gaon, Rabbi Avraham Fried, shlita

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