11–20 of 54 posts
Participation in sports betting appears to make people about 2x more likely to be delinquent on their loans.
Whether you think that’s “bad enough” is another question, but the article doesn’t make it very clear what the effect size is.
0.5% increase in credit delinquency rates over 3 years feels... underwhelming. I'm not a gambler and I personally find gambling morally questionable and intellectually embarrassing, but golly I'm tired of sports gambling being pointed in a sort of "see, freedom doesn't work!" sort of way. 1% of people will ruin their lives no matter what society does to prevent it. If you have a gambling problem (if it even appeals t…
0.5% increase in credit delinquency rates over 3 years feels... underwhelming. I'm not a gambler and I personally find gambling morally questionable and intellectually embarrassing, but golly I'm tired of sports gambling being pointed in a sort of "see, freedom doesn't work!" sort of way. 1% of people will ruin their lives no matter what society does to prevent it. If you have a gambling problem (if it even appeals t…
I mean…keep reading. For the affected population, it’s around 10 percentage points—or double. So people who sports bet are twice as likely to be delinquent as those who don’t. I’ll give you that the effect is smaller than I expected. Here’s the thing though…it’s not like that trend is slowing down. The finalization of prediction markets and continued normalization of betting as a pro-social behavior is currently head…
0.5% increase in credit delinquency rates over 3 years feels... underwhelming. I'm not a gambler and I personally find gambling morally questionable and intellectually embarrassing, but golly I'm tired of sports gambling being pointed in a sort of "see, freedom doesn't work!" sort of way. 1% of people will ruin their lives no matter what society does to prevent it. If you have a gambling problem (if it even appeals t…
They buried the lede… Participation in sports betting appears to make people about 2x more likely to be delinquent on their loans. Whether you think that’s “bad enough” is another question, but the article doesn’t make it very clear what the effect size is.
People who are bad with money are bad with money
0.5% increase in credit delinquency rates over 3 years feels... underwhelming. I'm not a gambler and I personally find gambling morally questionable and intellectually embarrassing, but golly I'm tired of sports gambling being pointed in a sort of "see, freedom doesn't work!" sort of way. 1% of people will ruin their lives no matter what society does to prevent it. If you have a gambling problem (if it even appeals t…
I really don't care and I'm definitely on your side where I think people should be allowed to do what they want in this regard.
The crossing of line for me though is that this is now being advertised on TV and practically everywhere and being normalized for children and teenagers.
Call me a cynic, but I think the real goal in the long term for these companies is to get people addicted to it and to normalize it from a young age while they're more impressionable and thats where I believe the true harm is.
0.5% increase in credit delinquency rates over 3 years feels... underwhelming. I'm not a gambler and I personally find gambling morally questionable and intellectually embarrassing, but golly I'm tired of sports gambling being pointed in a sort of "see, freedom doesn't work!" sort of way. 1% of people will ruin their lives no matter what society does to prevent it. If you have a gambling problem (if it even appeals t…
I agree. Ban the advertising and promotion of it, like we do for cigarettes, because the industry is really predatory, but leave people the choice.
I don’t disagree on ad regulation but it’s enmeshed now and will be hard to control. Leagues kept their distance because it looked bad, but now seem to embrace it as it must generate a boat load of ad revenue.
most of betting houses depend heavily on problem gamblers, I will look for some stats, but the truth is regulators don't care or have controversial ties very often
0.5% increase in credit delinquency rates over 3 years feels... underwhelming. I'm not a gambler and I personally find gambling morally questionable and intellectually embarrassing, but golly I'm tired of sports gambling being pointed in a sort of "see, freedom doesn't work!" sort of way. 1% of people will ruin their lives no matter what society does to prevent it. If you have a gambling problem (if it even appeals t…
0.5% increase in credit delinquency rates over 3 years feels... underwhelming. I'm not a gambler and I personally find gambling morally questionable and intellectually embarrassing, but golly I'm tired of sports gambling being pointed in a sort of "see, freedom doesn't work!" sort of way. 1% of people will ruin their lives no matter what society does to prevent it. If you have a gambling problem (if it even appeals t…
It was banned most everywhere, then with no public debate on the subject, much less consensus, all of a sudden it was legal and in your face wherever you went. If it's going to be made legal, it needs to be justified, rather than there needing to be justification for making it illegal. I personally think it would have a high bar to overcome.