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Young men face high risk for gambling addiction as sports betting surges:experts

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Re: Young men face high risk for gambling addiction as sports betting surges:experts

#11
post #4

Not that dissimilar from unfettered options trading on mass-market brokerage apps like Robinhood...

There 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.

Re: Young men face high risk for gambling addiction as sports betting surges:experts

#13

I 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?

> 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.

Re: Young men face high risk for gambling addiction as sports betting surges:experts

#14
post #5
post #2

I 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.

We need a real life adblock.

That's called regulation. Proven to work many times over.

Re: Young men face high risk for gambling addiction as sports betting surges:experts

#15

I 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?

If 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.

Re: Young men face high risk for gambling addiction as sports betting surges:experts

#17

I 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?

How does addiction operate in other markets?

Re: Young men face high risk for gambling addiction as sports betting surges:experts

#18
post #2

I 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.

I'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.

Re: Young men face high risk for gambling addiction as sports betting surges:experts

#19

I 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?

> 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.

I'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.

Re: Young men face high risk for gambling addiction as sports betting surges:experts

#20
post #10
post #3

> “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).

I'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.

There’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.
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