Posted on 12/13/2024 5:55:37 AM PST by ChicagoConservative27
Critics call gambling “the devil’s playground.” Losses to online gambling in the U.S. now look set to live down to that estimation by surpassing the $1 trillion mark in coming years at the expense of American bettors.
U.S. lawmakers and government regulators “cannot continue to rely on the theory of responsible gambling, which shifts the burden of harm prevention onto individuals,” Derek Webb, founder and chief funder of the California-based Campaign for Fairer Gambling, said Wednesday in a release forecasting the impending losses.
(Excerpt) Read more at breitbart.com ...
Well, “a fool and his money are soon parted”.
Long time gambling addicts have a saying: “Gamblers die broke.” They are attracted to the action like moths to a flame. But they are not moths and are stupid to like they are.
Tattoos. Ford 150’s for $60k. What’s the difference? Can’t make em’ stop.
“I know a lot of people who have gambling apps on their phone and talk about the bets they’ve made. It’s unbelievable.”
I deplore these gambling sites. I’m all up for playing craps in Vegas or Texas Hold’em, but watching sporting events where now even the commentators are promoting gambling makes me sick to my stomach.
It’s important to understand that bookies are not in business to help bettors MAKE money, they are in business to help bettors LOSE money.
Bookies don’t care if you win or lose, they get their cut either way.
This could be kinda fixed by an online data base. A gambler sets his daily/weekly/monthly limit. If he goes over that limit at one site, or at a combination of sites, he’s barred from making any more bets.
But such a plan has to be voluntary. It’s a free country. You wanna gamble, go gamble.
There is a psychological principle called “partial reinforcement”. When a subject, say a lab rat, gets a pellet every time it hits a lever, if the supply of pellets is cut off, the learned behavior, “hitting the lever gives me pellets”, is quickly extinguished. On the other hand, if hitting the lever occasionally produces a pellet at random, sometimes on the first try, sometimes on the second, or fifth, or some other number of tries, the behavior is hard to extinguish.
The economy of the State of Nevada is based on this principle.
I know I can’t win a game of hardly any kind to save my life so gambling never meant anything to me.
Even the NFL got into the game.
““I’m not a prude about it, but to quite an extent, gambling is a tax on ignorance” “
—Warren Buffett
ESPN has publicly stated that gambling is the future for all televised sports. That’s how it’s going to be like it or not.
Football is the opiate of the masses
Gambling makes it real
Mostly true. The bookmakers are middlemen between bettors. They set the "line" to try to attract an equal number of amount of money wagered on either side of a proposition, and take a cut for themselves. If the wager is made without "a spread", they set the odds to attract as much money on each side of the wager, again taking a cut for themselves. Ditto for all the proposition bets.
I suppose I should be shocked that television broadcasts now explicitly mention the outcome of ridiculous proposition bets and fantasy (wagering pools) results. But I am not.
Not mine.
The state of North Carolina just set up a lottery app for you phone recently.
I saw the commercial, and all the characters in it are all black (its more than obvious who they are marketing to)
And they frame the whole thing as if your being smart, and your gambling habit is actually a business...and this app will help you manage your budget...track your winnings...blah blah blah.
It was so much bullshit it was sickening. And they are pushing it at poor miniorities.
Gambling, like cigarettes is a tax on stupid people.
See my comment #18
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