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To be clear, I 100% support the crypto slots ban. Regulation is one issue. Another is the general young age of Twitch viewers. But the biggest reason of all is
by jmyeet 4y ago
To be clear, I 100% support the crypto slots ban. Regulation is one issue. Another is the general young age of Twitch viewers. But the biggest reason of all is just how destructive gambling addiction is.
It's also worth noting that not all slots streaming is what's called "cash balance", meaning the streamer is betting real money. A lot are betting fake money where their losses aren't real but neither are the winnings. It's never advertised that this is the case. But this is an even worse level of deception.
That all beiing, I too am fascinated with the psychology of watching someone else play slots. It does seem to be real. Watching someone quite literally lose $100k+ in an hour has a certain fascination. There are big wins too. Trainwrecks for example has spun a $7m+ win.
You could more generally ask why people watch other people play video games. I never understood why (years ago). But it makes sense. You get to exxperience someone else playing something for the first time (which you can never do again). You get to get a lot of the psychological "pay off" for playing a game without the investment.
I imagine slots is similar. If you read about gambling addiction, it's not the wins that are addictive. It's not even the losses. It's that period of not knowing the outcome after you press the spin button. That's what people get addicted to.
So a viewer can get that same pay off from watching someone else hit the spin button.
At least that's my guess. Once you get over the fascination of watching money disappear that fast (which for me didn't take that long), it doesn't appeal to me at all.