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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

#41

Earlier quoted context omitted.

>If you look at drug addicts as a group, What makes you think you arent just looking at the extremly visible dysfunction subgroup? How many cocaine consuming banksters do you know and what does that say about the completeness of your perspective? I think there is a good argument to be made that you are over generalizing from a stereotype.

So, you agree there is a subgroup of people that stop being rational agents in the presence of drugs?

I think there are subgroups of people that get caught up in certain routines they then have a hard time exiting. Drugs increase that risk but even here different people are vulnerable to different things. A good friend of mine told me with a straight face that his doctor explained to him that his BMI is in the "you are eating yourself to death" region. He told me this over refilling his glass of coca cola.

At the same time the bankster i know is still in the process of winning both capitalism and hedonism. I think it is likely more about how you manage your own weaknesses. One of them wont do this till he needs judicial/medical intervention.

edit: Never tried cocaine or heroin btw and had a rather easy time loosing weight. But i am very confident about the outcome of those two people. One has given up while the other knows he cant trust himself with this stuff, has planed and is acting accordingly and is able to grind through very unpleasant stuff.

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

#42
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.

Disabling 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.

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

#43
post #4

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

There is also an argument to be made that actual gambling has less of a negative social impact.

Having been bored during the pandemic and gotten myself some gambling tokens at a brokerage site it turned out that i almost kinda funded some pretty severe human rights violations. Drones dropping grenades and mortar shells on indigenous people with bow and arrow type of stuff https://www.youtube.com/watch?v=nSf3268tAbg

Maybe check your portfolio for Freeport-McMoRan

Funnily enough, the youtuber that made the video also had his house fire bombed by organized crime for reporting on Australias gambling industry.

edit: Picture of drone in question https://twitter.com/jmscaronte/status/1426514097617752066

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

#44
Only 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.

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

#45
post #7
post #4

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

As 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.

That 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

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

#46
post #28

Earlier quoted context omitted.

> Can't folks decide that the price is too high? If you look at drug addicts as a group, the answer is often a direct and emphatic “no, they can’t” - the drug alters the way they perform that price calculus such that many of them will spend their last dollar, go deeply in debt, and do terrible things to continually chase a high. Drug policy has had many failures in the US, but there does seem to be a correct nugget o…

>If you look at drug addicts as a group, What makes you think you arent just looking at the extremly visible dysfunction subgroup? How many cocaine consuming banksters do you know and what does that say about the completeness of your perspective? I think there is a good argument to be made that you are over generalizing from a stereotype.

> What makes you think you arent just looking at the extremly visible dysfunction subgroup?

What makes you think that is the case? Is there any statistical evidence to suggest that (for example) opioid additics are easily separable into one group that will consistently keep it "under control" and another group that is doomed?

There's also the time dimension--some of the people ruined today may have sure seemed like they had everything under control earlier in their lives, but the unstable equilibrium couldn't last forever.

While there might be hordes of people you would never expect who abuse serious drugs in unerringly competent secrecy throughout their lives... but at that point it starts to seem a little fallacious: All true Scotsmen are undetectable and you know they exist because they haven't been detected.

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

#49

I 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.

Relentless 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.

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

#50
I 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.

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