It's still so absurd that I live in a state where I can't put $50 on the winner of the Super Bowl, but I CAN put tens of thousands of dollars on whether or not Travis Kelce has 73 yards receiving
Back in the day 1 guy in my fraternity was offering odds on select college/NFL games, think I only bet once for like $10 on the Super Bowl. Just from overhearing conversations at bars (obviously small sample size) it's extremely prevalent. Both of the segments posted mentioned the age of people coming to Gamblers Anonymous dropping to like 20-25 and possibly lower. In addition to the obvious stuff, seems like a common theme was the notion that people just didn't enjoy watching sports anymore unless they had a wager. It's a legit example of addiction and as someone who has been watching sports my whole lift I just can't contemplate it.
We don't allow tobacco to advertise and alcohol ads can't show someone actually drinking. Gambling ads need to be heavily restricted if not banned. I was a big proponent of allowing sports betting because I enjoy it and treat it as a game rather than trying to win big money, but yeah, way too many people are showing signs of obvious addiction.
Stop the presses we actually agree. I would ban these companies from advertising and showing these crazy parlays where they turn $5 into $10k. Everyone is like, yeah I can put $100 on there and do this. And than it just keeps losing and keep adding $100
the tweets from the books and all the gambling accounts (that the books probably run) hyping up some dude turning $5 into $15000 are more damaging than the tv ads imo but might as well stop both
This company owns a ton of sites that you may have visited without knowing you're on one. They're moving to a revenue share with the books instead of just a referral fee so they'll be incentivized to push more dangerous behaviors
Tonight once again experienced random people at the bar talking about sports betting and whatnot with implications that they needed to have a bet on games to actually care about them. It just seems like such a dangerous thing, I think we all love most if not all sports and things devolving into "I need to bet to care about a game" just seems scary.
Doesn't help that it's in your face every game on TV. Its pretty much all the pregame shows now. The odds are on the ticker, etc Should probably get rid of the advertising like they did with tobacco. And at least the NCAA is trying to get stated to ban prop bets
I know addiction is the more serious issue, but assuming this isn't going anywhere, they really need to do something to regulate the odds these books are giving out. they're so unfair to the bettor. fucked up to think about how you'd get much more fair odds gambling illegally than you do now that it's legal.
People don't realize this and don't talk about this enough. Lets just talk about normal NFL/College Spreads & Totals. Most the time juice -110. Some places give out -105 which is a massive advantage. Than the shit show give out -120. -105 - You need to hit 51.22% to break even. -110 - You need to hit 52.38% to break even. -120 - You need to hit 54.55% to break even
and straight bets are the best odds you'll get from them. it just gets worse if you start talking about parlays.
Exactly. I was fucking around Hard Rock, which I am limited and basically banned from already after 30-45 days in Florida. I was tryign to hit some crazy stupid parlays on someone elses account. Hard Rock Parlay paid out +25,000. DraftKings +84,000 Its crazy how bad this shit is
What they found was that when a state legalizes sports gambling, you can see a “small but significant decrease in the average credit score,” to quote from the study — but online and mobile gambling has a much bigger impact. Once states allow these forms of gambling, the “decrease is roughly three times larger.” They also found an increase in auto loan delinquencies once sports gambling is legalized. For states with online access to gambling, they found a 28% increase in the likelihood of bankruptcy and an 8% increase in debt collection amounts. They also found a reduction in access to credit — shown through lower credit limits and a higher ratio of secured to unsecured loans.
Delinquency is up across the board. Curious how these states compare to states that haven't legalized it. Just saying delinquencies are up X% in legalized states doesn't really tell us much without giving us the other states too. I have no doubt it's negatively impacting people but all of that delinquency is not due to gambling.
even on a group of very well educated people it's amazing to see the gambling topics I get dragged into on this board. If people like TMB are struggling the average person has no chance
Yeah they're encouraging people to gamble their future away. But at least someone will get rich off of it I guess
Gambling becoming one of the main components of national coverage, pregame shows and in game broadcasts is a terrible thing
Them spending significant time on "experts" telling you who and what to bet on is fucking gross. I get this is capitalism but the complete erosion of ethics when it comes to shit like this is so bad
Guys, don't worry. There's a 1-800 number at the bottom of the screen in super small print you can call if you need help.
The funniest shit to me is when they have whoever their betting expert is on and they show their record from last week's games where they went 3-6
Figured someone must have mentioned it already. I was blown away when I saw there was a credit card option on the Hard Rock App. Can't believe that's allowed.
Right now on the app when you go to add a new payment method the 'Card' option is even starred and says POPULAR
It's fun because they were given a monopoly in "free market" Florida too so everyone gets to see that
I'm pretty sure no one is currently getting rich off of it. All of the big companies are losing money
They'll all make their money when this gets so big that iGaming becomes commonplace People in the industry think that DraftKings won't even have a sportsbook in 2030
People get rich off companies that aren’t profitable all the fucking time. https://www.forbes.com/sites/sergei...s-stock-makes-ceo-jason-robins-a-billionaire/
Yea you can use a CC and then cash out to your bank account. Why would the CC companies care? Balances go higher, they'll get millions in interest. What would be the reasoning they wouldn't want it? More deliquencies/bankruptcies?
cash advances normally have higher interest rates and fees involved. this would be a way to circumvent that (assuming these transactions are treated as purchases).