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Young men face high risk for gambling addiction as sports betting surges:experts
- castrodd 3y agoI find it difficult to watch any sports these days because you are just constantly bombarded with sports betting ads and tie-ins. I have absolutely no interest in throwing my money away on sports bets and yet even I find myself wondering if I should try it out or maybe I could just open a trial account. It's dangerous and disappointing that this is the direction that all the major sports leagues are heading.
- xuki 3y agoWe need a real life adblock.
- Fuzzwah 3y agoThat's called regulation. Proven to work many times over.
- serf 3y agoregulation is impotent when it targets industry specifics rather than regulating adversarial psychology elements and the behaviors themselves. it's a nice feel-good political ticket for would-be politicians, but all it does is create an arms race whack-a-mole condition for every single new industry that pops up and requires new regulation. considering gambling : in the U.S. we outlaw new forms of gambling all day, but never dare to touch concepts that empower the gambling like addictive behavior psychology, short-term high-interest legal loan-sharking, whatever. We just ban the specific sports-bet-whatever and wait for the next one to sprout up, it's largely ineffective, that's why we're still talking about it.
- xuki 3y agoNot just for gambling ads, all ads. Something like the Vision Pro but as unintrusive as normal glasses today and running an open platform.
- Mountain_Skies 3y agoDisabling the center channel of a surround sound system usually will kill the commentary during sporting events. Gets rid of it in a decent chunk of commercials too.
- imbnwa 3y agoI'm rather surprised at the return on spending on inline ads by gambling houses considering how much paperwork/fructuib there is setting up a DraftKings account on the spot.
- add-sub-mul-div 3y agoI agree. I don't have a moral problem with sports betting but it's not only commercial breaks, it's completely invaded the content itself. Sports commentary has become inseparable from betting and though I have no temptation, every minute of the content feels like predatory advertising. It's not fun anymore.
- chiefalchemist 3y agoI sometimes listen to sport's radio and sometimes - too often - it's unlistenable. Too much focus on betting and no enough on the actual sports. I cringe when the shows' hosts talking about their personal betting.
- deleted 3y ago[deleted]
- teeray 3y ago> “You can be gambling away your house on your mobile phone sitting at the dinner table, and not a single person will know until the devastation of your whole family is complete” That sounds like a reasonable means of control then. These services could be locked to networks at locations with some kind of gaming license (something like a Keno license).
- w-ll 3y agoI've heard of people going just across statelines to the first cell tower that reports them in a legal state, just ideling in their car gambling away.
- teeray 3y agoThere’s outliers in everything, but forcing people to go somewhere to gamble gets the cookies out of the house. Loved ones can notice the destructive behavior before it’s too late. It will not stop people from being ruined by it, but it will make progress.
- beambot 3y agoNot that dissimilar from unfettered options trading on mass-market brokerage apps like Robinhood...
- mistrial9 3y agoWhy is the Silicon Valley Bank sign still on the rotunda on Market Street ? btw
- smt88 3y agoAs far as I've read, it's psychologically identical. The scary thing about financial gambling like options-, day-, or forex-trading is that they seem respectable. Laypeople don't usually know that the person is gambling, and some people even think of it as a legitimate job.
- Terr_ 3y agoThat reminds me of a book quote I saw today, reproduced within another work about financial fraud. ("Lying for Money".) > For the most part, it was based on two simple truths: first, that a majority of the richest one percent of Americans are closet degenerate gamblers, who can't withstand the temptation to keep rolling the dice again and again, even if they know the dice are loaded against them; and, second, that contrary to previous assumptions, young men and women who possess the collective social graces of a herd of sex-crazed water buffalo and have an intelligence quotient in the range of Forrest Gump on three hits of acid, can be taught to sound like Wall Street wizards [...] -- The Wolf of Wall Street
- sarchertech 3y agoThere are similarities, but figuring out options trading on Robinhood is significantly more difficult. And I’m not bombarded with ads for options trading dozens of times per football game.
- darth_avocado 3y agoOr crypto
- goles 3y ago
- kelseyfrog 3y agoI don't understand. There's obviously a market for it. Can't folks decide that the price is too high? Are we really willing to accept that agents aren't rational? Wouldn't that have severe implications for other markets?
- anon291 3y agoAgents are not rational. That's why we have substantial oversight of many markets. Like it or hate it... That's what we got.
- sarchertech 3y ago> Are we really willing to accept that agents aren't rational? Wouldn't that have severe implications for other markets? Is this a serious question? Of course we are—gambling has historically been regulated or outright illegal in cultures the world over.
- woooooo 3y agoI'm assuming it's satire, but just in case, there's a whole body of economics built around recognizing market participant irrationality and trying to cope with it given Econ 101 assumptions.
- kelseyfrog 3y agoI'm curious, what are they? I sense there's something for me to learn here.
- gruez 3y agohttps://en.wikipedia.org/wiki/Behavioral_economics https://en.wikipedia.org/wiki/Behavioral_economics
- contravariant 3y agoIf you don't accept that people are irrational at this point then you're not being very rational yourself. And indeed any market that relies on people acting rationally suffers the same problem, even if people keep insisting otherwise.
- WarOnPrivacy 3y agoA few generations ago, both gambling and psychedelics were considered so detrimental to society that they carried harsh penalties. Then one them started firehosing cash into campaigns and budgets. . .
- Fuzzwah 3y agoTangential comment, I'm a passionate follower of formula one and have realised that basically anything advertised on F1 cars is "bad". Cigarettes are the obvious historical example, FTX is the more recent one. There's many that are socially acceptable at the moment but only with the caveat of either "in moderation" or "for responsible adults": energy drinks, crypto, etc. Google Chrome is one that a decent debate could be had about. Microsoft Dynamics might be the exception that proves the rule... But I've never worked out what the hell the product actually is.
- sianemo 3y agoDynamics is Microsoft (somewhat poorly) making a Salesforce for people who are all-in on the Microsoft ecosystem. In terms of collective human suffering caused per year of existence I would say it's on par with the rest of the stuff you've mentioned.
- nickpeterson 3y agoThat’s uncalled for, people temporarily enjoy drinking and smoking, nobody temporarily enjoys microsoft dynamics.
- Fuzzwah 3y agoI made this comment purely from my impressions of the team's major sponsors and the ones that I've noticed. Realising that I'm rather advertising blind these days (like all of us, I figure), I thought I should actually dig up a list and have more of a think about this idea. https://formularapida.net/f1-2023-list-of-partners-sponsors-for-each-of-the-10-teams/ https://formularapida.net/f1-2023-list-of-partners-sponsors-... Safe to say, my comment above is hyperbole. Still, I wonder how many of the companies in the linked list will be considered "bad" in 10+ years.
- WarOnPrivacy 3y agoIn the mid-90s, a local dial-up ISP sent their support calls to me. I once put a local retiree couple online and went on my way. About 6 months later I came back to fix their connection which he promptly tested at a gambling site. I also did service calls at their friends and neighbors. They said that since getting online he'd gambled away their retirement, maxed out their credit cards, got new cards & maxed those, took out a 2nd mortgage and gambled that off. That they'd lose the house was a certainty. The wife may not have known yet just how bad off they were. I don't have a more depressing tech story.
- totallywrong 3y agoIt's ridiculous these days watching any sports content, the amount of betting related ads is outrageous. I see no other outcome than droves of new gambling addicts.
- cameldrv 3y agoI don't know how we went from "you have to travel to Las Vegas or Atlantic City to gamble" to "You can gamble 24/7 on a device that's always with you." Anti-gambling laws were put in place for very well understood reasons.
- paulryanrogers 3y agoRelentless petitions, one state at a time. I'll never forget the door to door and being approached in parking lots to sign petitions to get legal gambling on the ballot.
- 000ooo000 3y agoOnly slightly related: can anyone speak to the syntax of headlines like this where the 'author' of statement is appended to the end? e.g. Statment: author. It seems to go against what seems to me more natural and common, which is 'author: statement', or even 'statement - author'. Just curious is all.
- kurtabsolon 3y ago[dead]
- kurtabsolon 3y ago[dead]
- starwin1159 3y agoI know a friend Running an illegal online casino in Hong Kong (In Hong Kong you can only bet on Jockey Club organizations) He continued to sell ads on Facebook during the epidemic. He earns over one million dollars every month. And he is just one of them. There are many people who make more. It really opened my eyes. Sorry, my native language is not English.