I like to gamble my money on the outcome of events to win money.
I can understand reasons of doing that you don't get scared of loosing all your money at times? 
Yes, especially on slot machines. They are known as one arm bandits because they have the ability to leave you in debt.
I heard I would cry I watch this gambling show where many people visit slot machines and loose thousands of dollars from those. 
Yes, but some games are regulated, so I wouldn't worry. Like in the UK, gambling is regulated by the Gambling Commission.