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Pro bettors disguising themselves as gambling addicts

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Re: Pro bettors disguising themselves as gambling addicts

#121
post #115
post #61

Earlier quoted context omitted.

I'm surprised that people seem to just now realize that sports betting is a bad idea. As you said, the worst aspect is the large amount of marketing and advertising these platforms receive; I wouldn't care if they weren't pushed so heavily.

Now apply that same kind of thinking to legalized prostitution and human trafficking.

i think in both cases regulation is the key. for gambling there could be max $ per bet/month/year and for SW more testing and background checks to blacklist bad actors

Re: Pro bettors disguising themselves as gambling addicts

#122
post #102

Earlier quoted context omitted.

> The latent streak of puritanism, maybe The main problem is that addiction kind of goes around people's interests and their better judgement. Normally I agree, we don't need to be making 'moral' decisions for people. If they want to do something 'sinful' - like gambling - have at it. But the people who promote gambling have lots of money. And gambling is basically smoking. So, it gets hairy. They can lie, they can c…

Absolutely addiction does; so we're going to ban alcohol (and weed), and then maybe move onto video games and books and and and and? Prohibition has generally been a lot less effective than regulation. The problem in the US, in my view, is much more the utterly-gutted effectiveness of the regulatory state than it is the existence of legal gambling.

If alcohol and tobacco were discovered tomorrow, they'd probably end up schedule 1, and rightly so. If cannabis was discovered tomorrow, it would probably be unscheduled, and rightly so.

We literally have a system of tiers of addiction versus potential value for addictive substances. A slippery slope argument is pretty silly when we literally already created a staircase.

Re: Pro bettors disguising themselves as gambling addicts

#123
post #53

The fact that ESPN itself has a sports betting app tells you all you need to know about the perversion of sports now that gambling is blessed by the government. I think I can live with the legalization of sports betting if there are strong restrictions against marketing and advertising. If you want to ruin your life that's your decision, and you can always just take the same amount of money and bet it on the stock ma…

It has a terrible potential to corrupt sport. When you can bet a lot of money on how long a college players plays, or how many points they get in a particular game, what's to stop them from having a relative make a bet and they just fake a cramp?

The stock market is heavily regulated. I don't think you should ban sports betting, because like many vices it's easier to control if it is legal. According to Nate Silver, the more you let people make bets on obscure things the more opportunity their is for participants to cheat. So you should probably restrict betting to things no one participant can control (like the score). You also should try to make it difficult for a person to lose too much. You can't stop it, but you could probably make it harder. In the stock market there is a "qualified investor" that is allowed to take much bigger risks. You could make rules to punish betting sites that accept too many bets from destitute addicts. It wouldn't be perfect, but you can have liquor laws without having prohibition.

Re: Pro bettors disguising themselves as gambling addicts

#125

These apps should be banned. Gambling is a social ill with such a limited upside and so much harm it can't really be justified

I agree. Take stock option contract trading out with it.

Stock options have legitimate uses. Like all tools, it can be misused.

Stock options can be used as a tool to hedge against risk.

Re: Pro bettors disguising themselves as gambling addicts

#126

Much like many substance use disorders, I am inclined the to believe the substance is merely a self-medication technique for a deeper rooted issue. I am curious what about the gambling makes it so addictive? I refuse to believe that people are addicted solely because of bro-science's elementary understanding dopamine. What makes people continue despite the negative consequences in their lives? Is it the hope? The hop…

I don't understand what makes gambling addictive, but I do remember studies done on cats that we read about in psych 101. Cats had implants surgically implanted to their pleasure centers of the brain. A lever would trigger the implant to give them pleasure. If the lever gives pleasure everytime it's pressed, the cat would get bored of it. If the reward was random, the cat would sit there and press it all day. I think of slot machines in a similar way. I spent some time near Casino's. I heard about old people going there and wearing diapers because their greatest fear was getting up from the slot machine, and someone else sitting down at it and winning "their" prize. They thought that since it hasn't paid out for a while, it's due to pay out soon. They would play two machines side by side. Some people would have two jobs, one to pay for gambling, the other for living. It can be an addiction and can ruin lives.

Re: Pro bettors disguising themselves as gambling addicts

#127

These apps should be banned. Gambling is a social ill with such a limited upside and so much harm it can't really be justified

So is alcohol - there are plenty of people who gamble responsibly and get enjoyment out of it. Taking away the entire thing rather than simply making sensible regulation and dealing with scumbag behavior by corporate bookies is throwing the baby out with the bathwater, not to mention extremely moralistic. And, in the end, prohibition never works - bookies still and always will exist.

Re: Pro bettors disguising themselves as gambling addicts

#128
post #101

Earlier quoted context omitted.

If so, they are in trouble now that they've been disrupted by crypto and NFTs.

What legal casino uses crypto or NFTs?

Other way around. Easier laundering on these.

There’s a reason MMOs let you put money in and make hoops to take it out. Otherwise I can overpay for garbage from my “associate” and he can cash out free money with very little paper trail.

Re: Pro bettors disguising themselves as gambling addicts

#129
post #53

The fact that ESPN itself has a sports betting app tells you all you need to know about the perversion of sports now that gambling is blessed by the government. I think I can live with the legalization of sports betting if there are strong restrictions against marketing and advertising. If you want to ruin your life that's your decision, and you can always just take the same amount of money and bet it on the stock ma…

It has a terrible potential to corrupt sport. When you can bet a lot of money on how long a college players plays, or how many points they get in a particular game, what's to stop them from having a relative make a bet and they just fake a cramp? The stock market is heavily regulated. I don't think you should ban sports betting, because like many vices it's easier to control if it is legal. According to Nate Silver,…

> It has a terrible potential to corrupt sport

That ship sailed a looping time ago. Sports teams in the US are franchises. Like McDonalds. They exist to make profit. Lots of it.

It has nothing to do with sport.

Re: Pro bettors disguising themselves as gambling addicts

#130
post #53

The fact that ESPN itself has a sports betting app tells you all you need to know about the perversion of sports now that gambling is blessed by the government. I think I can live with the legalization of sports betting if there are strong restrictions against marketing and advertising. If you want to ruin your life that's your decision, and you can always just take the same amount of money and bet it on the stock ma…

It has a terrible potential to corrupt sport. When you can bet a lot of money on how long a college players plays, or how many points they get in a particular game, what's to stop them from having a relative make a bet and they just fake a cramp? The stock market is heavily regulated. I don't think you should ban sports betting, because like many vices it's easier to control if it is legal. According to Nate Silver,…

>It has a terrible potential to corrupt sport. When you can bet a lot of money on how long a college players plays, or how many points they get in a particular game, what's to stop them from having a relative make a bet and they just fake a cramp?

Or get assaulted or murdered, internet death pool style? All kinds of really fucked up incentives are created by these legalized betting apps.

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