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I think it's just a matter of time before we see a Super Bowl or World Series thrown due to the legalization of Sport betting... We have been here before and seen all of this before and it's really hard to believe history won't repeat itself. It's stupid all the way down.
I think it's just a matter of time before we see a Super Bowl or World Series thrown due to the legalization of Sport betting... We have been here before and seen all of this before and it's really hard to believe history won't repeat itself. It's stupid all the way down.
We’ve got the English Premier League and the Champions League that are (maybe) still free of this cancer, as in (maybe) their results and general play are as close to 100%-fair as one can get, but outside of that it’s the Wild West.
The second leagues in most of Central and Eastern Europe (I used to go to such matches before the pandemic) are pretty much a fantasy league for betting, there’s almost no sporting merits anymore when it comes to the game itself. The situation persists if one goes higher up the chain and further West, maybe not as dramatic and especially not as visible but if you know where to look and how to look at things it all becomes clear(er). In other words the game is pretty much gone, to paraphrase a famous /r/soccer meme.
And I didn’t go into the incredibly high psychical toll this phenomenon has on the people who are actually addicted to this s*it (pardon my French). I saw a close friend of mine going through it relatively recently and is hell, I wouldn’t wish it on anyone, not even on my biggest enemies.
I think it's just a matter of time before we see a Super Bowl or World Series thrown due to the legalization of Sport betting... We have been here before and seen all of this before and it's really hard to believe history won't repeat itself. It's stupid all the way down.
Meanwhile, > 6% of people in the US have alcohol use disorder, yet advertisements for alcohol are literally everywhere.
But more importantly, the nature of the product and the intent of the creators is different. Alcohol vendors for the most part don't want people to get addicted to alcohol, and most of their revenue doesn't come from addicts (90% of American adults drink at least socially).
Gambling, and gambling advertisements, are deliberately designed to hook people to it as an addiction. Only 25% of Americans regularly gamble, and just 2% of gamblers produce 50% of industry revenue.
Earlier quoted context omitted.
I agree but also wish that a similar sentiment was applied to modern investment strategies.
What do you mean by modern? My understanding is that the rise of index funds has been the biggest trend in this space over the past 20-30 years. Riskier bets like individual stock picking, or "experts" that con others with dubious ways of predicting the future, have been around forever.
Promotion of gambling should be likened to promotion of cigarettes. It should be illegal to advertise gambling, but I don't think it should be outlawed to gamble. People should be able to choose how they live their lives, but we should do all that we can to prevent mass manipulation through adverts in industries that are known to be harmful. I also think that alcohol and e-cig advertising should be outlawed as well.
They all advertise some sort of $100 risk-free bets or something of that nature.
Was this some sort of concession to physical casinos since their customers weren't able to come on-site and gamble?
Meanwhile, > 6% of people in the US have alcohol use disorder, yet advertisements for alcohol are literally everywhere.
It's not a 1:1 comparison. For one thing, the regulations are different. There are few if any restrictions on online gambling advertising, whereas alcohol ads are disallowed from using imagery that might appeal to children, can only be run in places where at least 70% of viewers are adult, etc. But more importantly, the nature of the product and the intent of the creators is different. Alcohol vendors for the most pa…
> Only 25% of Americans regularly gamble
> and just 2% of gamblers produce 50% of industry revenue.
Very interesting. Do you have sources for these?