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If the money is coming from professional bettors you want to bet with the money because it's considered "sharp" or "smart" money. If the money is coming from average Joes who are betting for fun, you want to be against the money because it's considered public or "square" money.
Smart money is capital placed in the market by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money also refers to the force that influences and moves financial markets, often led by the actions of central banks.
Texas, a conservative state with a large faith-based community, has long considered gambling a vice, so the prohibition on casinos followed suit. Note: It's important to define gaming and gambling because they are two different things. Gaming is participating in legal, state-sanctioned wagering.
If you're short on time, here's a quick answer to your question: Gambling is illegal in Hawaii primarily due to the state's cultural values and historical opposition to betting and games of chance. Hawaiian leaders have opposed gambling since the 19th century, believing it leads to social problems.
