Sports gambling -- good thing?

[PizzaSnake]

"Sports bettors are predominantly male, surveys show. They are mostly under 45. Some are wealthy, but a Rutgers study found that half of sports gamblers earn less than $50,000 a year. Some hail from a distinct subpopulation of Americans who get a thrill from risking money on the Next Big Thing.

“You can kind of draw a through line from the people who were involved in the poker boom in the early 2000s to the daily fantasy thing in the 2010s and then to the crypto thing,” Barbarisi said. "

Under 45. Gambling away their family's future?

https://thehill.com/finance/3851713-spo ... id-crisis/

'Nower suspects most Americans remain naive about gambling’s ills, much as society once cheerily embraced smoking and drinking. “We are where cigarettes were in the 1940s and alcohol was in the 1950s,” she said.

Most Americans ignored the opioid crisis, a staggering increase in overdose deaths in the 1990s and 2000s, until the government and news media processed the data and tendered a response.

With sports betting, “you have the exact same players you had with opioids,” Fong said. “You have government. You have industry. You have civilians, a lot of whom will benefit from this. And then you have a population who will develop an addiction, let’s say 1, 1.5 percent of the population.” '

Most Americans are dumb as a box of rocks. Want some data? Take a look around you and observe their behavior and commentary.

[DMac]

Is it a good thing? No.
Have never been a gambler.

[Kismet]

In 2023, the American Gaming Association reported an expected 50.4 million adults will wager $16 billion on Super Bowl LVII, doubling last year’s record.

Not a good thing IMHO. But many states need the tax revenue and will look the other way on all of the downside

There is even betting on the National Anthem
https://www.foxsports.com/stories/nfl/2 ... nthem-odds

[Brooklyn]

When I post on European chat forums, betting is quite the norm. I've seen people say they won/lost a few hundred or maybe even a thousand dollars/pounds during a broadcast. I assume they are posting the truth. None complain that they have been sunk by over betting. I have never done online betting though I did go to off track betting and at the race tracks in NYC years ago. It usually was fun but I can see where it can get awfully addictive.

[njbill]

When the gambling sites are giving away money the way tobacco companies give away cigarettes to children in Africa, you have to think something is fishy.

Gambling is like alcohol. If you gamble responsibly, and in moderation, it’s OK. But given the huge amount of advertising and all the free giveaways, I have to think a lot of people out there are losing money. Money they probably can’t afford to lose.

[PizzaSnake]

When the gambling sites are giving away money the way tobacco companies give away cigarettes to children in Africa, you have to think something is fishy.

Gambling is like alcohol. If you gamble responsibly, and in moderation, it’s OK. But given the huge amount of advertising and all the free giveaways, I have to think a lot of people out there are losing money. Money they probably can’t afford to lose.

Time will tell. They are, after all, businesses.

The Southland Corporation, aka 7-Eleven, has made a nice business out of vices: alcohol, tobacco, gambling and sugar. So, hey, it’s a good business model — for them.

[PizzaSnake]

When the gambling sites are giving away money the way tobacco companies give away cigarettes to children in Africa, you have to think something is fishy.

Gambling is like alcohol. If you gamble responsibly, and in moderation, it’s OK. But given the huge amount of advertising and all the free giveaways, I have to think a lot of people out there are losing money. Money they probably can’t afford to lose.

Time will tell. They are, after all, businesses.

The Southland Corporation, aka 7-Eleven, has made a nice business out of vices: alcohol, tobacco, caffeine, gambling and sugar. So, hey, it’s a good business model — for them.

[Andersen]

Never felt the same about gambling after seeing the experience of a former teammate, a great, positive good guy who messed up his life in his late twenties by betting on NFL games. He lost several jobs, alienated his parents and brother and lost his wonderful wife.

[Farfromgeneva]

When the gambling sites are giving away money the way tobacco companies give away cigarettes to children in Africa, you have to think something is fishy.

Gambling is like alcohol. If you gamble responsibly, and in moderation, it’s OK. But given the huge amount of advertising and all the free giveaways, I have to think a lot of people out there are losing money. Money they probably can’t afford to lose.

Oversight and regulation. Not pure banning or outlawing.

[njbill]

Putting aside the wisdom of legalized gambling and the concomitant Big Brother issues, I am sick and tired of all the advertising by the gambling sites. Almost as bad as campaign ads.

I also hate that all the sports talk shows (radio and TV) spend so much time on the odds, the lines, the props. I couldn't give a rat's ass about whether some receiver gets more than X yards. Stick to analyzing the game.

Rant off.

[Farfromgeneva]

Putting aside the wisdom of legalized gambling and the concomitant Big Brother issues, I am sick and tired of all the advertising by the gambling sites. Almost as bad as campaign ads.

I also hate that all the sports talk shows (radio and TV) spend so much time on the odds, the lines, the props. I couldn't give a rat's ass about whether some receiver gets more than X yards. Stick to analyzing the game.

Rant off.

Go with the wild prop bets.

Commercials suck no matter what they are. My kids were following that absurd QR code commercial last year and all the crypto con artists who paid up like socks.com 25yrs ago.

[NattyBohChamps04]

Putting aside the wisdom of legalized gambling and the concomitant Big Brother issues, I am sick and tired of all the advertising by the gambling sites. Almost as bad as campaign ads.

Thank you for supporting this podcast and fanduel. If you have a gambling addiction in alabama call 123456. If you have a gambling addiction in Alaska call 123457. If you have a gambling addiction in Arizona call 123458. [... 10 minutes later] If you have a gambling addction in Wyoming call 1234505.

[DocBarrister]

Sports gambling is bad and can ruin lives.

Just ask Pete Rose.

DocBarrister

[Farfromgeneva]

Pete Rose is the poster boy???? I’ve met the guy a few times, kind of pleasant but not who I’d hold up as an example. Why not Shoeless Joe Jackson? Or how about Alex Karras? Contemporary would be Stephen Ridley. Better yet there’s better non pro athlete examples to use.

Sports gambling bad…so simple, I don’t like it but everyone gambles with their lives in numerous ways every day with limited transparency as to the payout so the parochial schtick is a bit much.

[grenfar]

It's important to note that not all sports bettors are gambling away their family's future. While it's true that some may struggle with addiction or make poor financial decisions, many bettors are responsible and able to enjoy sports betting as a form of entertainment. It's also worth considering that some individuals may view sports betting as a hobby or pastime like playing no deposit casino bonus or checking more data of that gambling activity which can be similar to how others may spend money on video games or concerts. As with any activity involving money, it's important for individuals to set realistic budgets and avoid betting more than they can afford to lose.

[MDlaxfan76]

We made the decision to limit/eliminate tobacco advertising.
We decided to dramatically increase taxes.
Public health costs reduced dramatically.

We should limit alcohol advertising.
We have not yet made the decision to dramatically increase taxes.
Public health costs continue.

We should limit gambling advertising.
We have not yet made the decision to dramatically increase taxes.
Public health costs growing fast.

Freedom isn't free.

[PizzaSnake]

We made the decision to limit/eliminate tobacco advertising.
We decided to dramatically increase taxes.
Public health costs reduced dramatically.

We should limit alcohol advertising.
We have not yet made the decision to dramatically increase taxes.
Public health costs continue.

We should limit gambling advertising.
We have not yet made the decision to dramatically increase taxes.
Public health costs growing fast.

Freedom isn't free.

Regulatory capture and an ignorant, ill-educated populace are a bicth! For years I've been wondering what the cause of this illogic on the part of my fellow citizens is. I think I've found it. From Adam Smith's first work (that most haven't read - just like they haven't actually read the "Wealth of Nations") "The Theory of Moral Sentiments":

Section III - Chapter 2

"Upon this disposition of mankind, to go along with all the passions of the rich and the powerful, is founded the distinction of ranks, and the order of society. Our obsequiousness to our superiors more frequently arises from our admiration for the advantages of their situation, This explains the idolatry of tRump by the poor. than from any private expectations of benefit from their good-will. Their benefits can extend but to a few; but their fortunes interest almost every body. We are eager to assist them in compleating a system of happiness that approaches so near to perfection; and we desire to serve them for their own sake, without any other recompense but the vanity or the honour of obliging them. Neither is our deference to their inclinations founded chiefly, or altogether, upon a regard to the utility of such submission, and to the order of society, which is best supported by it. Even when the order of society seems to require that we should oppose them, we can hardly bring ourselves to do it. That kings are the servants of the people, to be obeyed, resisted, deposed, or punished, as the public conveniency may require, is the doctrine of reason and philosophy; but it is not the doctrine of Nature."

So I guess the doctrine of Nature is predicated on un-reason and ignorance? I for one do not ascribe to any slavish obeisance to anyone or anything without a careful consideration of the arguments on the merits. Some here may call that overly critical and negative, I call it intrinsic to my constitution and education.

[Farfromgeneva]

Putting aside the wisdom of legalized gambling and the concomitant Big Brother issues, I am sick and tired of all the advertising by the gambling sites. Almost as bad as campaign ads.

Thank you for supporting this podcast and fanduel. If you have a gambling addiction in alabama call 123456. If you have a gambling addiction in Alaska call 123457. If you have a gambling addiction in Arizona call 123458. [... 10 minutes later] If you have a gambling addction in Wyoming call 1234505.

Like all the Ringer Sports podcasts

[Farfromgeneva]

"Sports bettors are predominantly male, surveys show. They are mostly under 45. Some are wealthy, but a Rutgers study found that half of sports gamblers earn less than $50,000 a year. Some hail from a distinct subpopulation of Americans who get a thrill from risking money on the Next Big Thing.

“You can kind of draw a through line from the people who were involved in the poker boom in the early 2000s to the daily fantasy thing in the 2010s and then to the crypto thing,” Barbarisi said. "

Under 45. Gambling away their family's future?

https://thehill.com/finance/3851713-spo ... opioid-cri

'Nower suspects most Americans remain naive about gambling’s ills, much as society once cheerily embraced smoking and drinking. “We are where cigarettes were in the 1940s and alcohol was in the 1950s,” she said.

Most Americans ignored the opioid crisis, a staggering increase in overdose deaths in the 1990s and 2000s, until the government and news media processed the data and tendered a response.

With sports betting, “you have the exact same players you had with opioids,” Fong said. “You have government. You have industry. You have civilians, a lot of whom will benefit from this. And then you have a population who will develop an addiction, let’s say 1, 1.5 percent of the population.” '

Most Americans are dumb as a box of rocks. Want some data? Take a look around you and observe their behavior and commentary.

Good day. Personally, I have a rather negative attitude towards sports betting, so I had such an unpleasant experience with it. Instead, a year ago I started studying the topic of cryptocurrency.

Since then I started trading on Binance. My main bet is on Bitcoin and Ethereum. as well as the Dogecoin coin. So far everything is going quite well and I have some results.

Also, from the beginning of trading, I created for myself crypto wallet for business. Cryptocurrency is many times more convenient to use than traditional currencies, because such payments are safer, they can be made all over the world.

Crypto has replaced gambling for me and I make pretty good money from it.

I don’t know how to convey such roaring laughter at this joke of a guerrilla marketing post. What bulkshit.