I don't think so that someone is playing gambling just for wasting money, you can say that these people are addicted to gambling and do gambling on daily basis. But you cannot say that they play gambling for wasting their money and get entertainment. Everyone play gambling for making more and more money or bitcoins.
Yes, if someone gambling just for wasting money, he must have psychological disorders.
Even an addicted gambler will not have intention of wasting money but he might be trying to gamble for this purpose, but he may not be successful with his intentions.
If we value money as an essential thing for life, then wasting it in gambling either for entertainment or for making profit should not be acceptable. So, calling gambling as wrong has all the sense.