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Meaning of 'Make bets in a burning house'

What does the saying 'Make bets in a burning house' mean?

Idiom: Make bets in a burning house

Meaning:

If people are making bets in a burning house, they are engaged in futile activity while serious problems around them are getting worse.
Country: American English American English | Subject Area: Gambling | Usage Type: Both or All Words Used
All idioms have been editorially reviewed. Submitted idioms may have been edited for correctness and completeness.
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