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Bombarding gamblers with offers greatly increases betting and gambling harm

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Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#101
I hate this kind of research. Or well, I hate that it has any influence at all, that it matters.

This kind of research being that which shows an obvious harm that we all know about. It should have zero influence because it is blindingly obvious. Namely because if the title wasn't true, betting companies wouldn't be spending lots of money on it in the first place. But they are, as everyone who lives in the UK can tell. So we know. So this study shouldn't influence policy in the slightest. But it does.

I hate it because there's by definition a gap of years between A. all of us knowing that a phenomenon is harmful B. the study coming out. And then another gap of many years between the study and actual policy changes.

Here's my request to people in academia who do studies like these - which is admittedly a tiny percentage of academia. Just fudge the numbers and publish it a year earlier. Use LLMs to generate the text. It would be a huge boon to society. We all know it's true, so you're not doing anything wrong. Your quest for honesty is hurting everyone. The actual data is pointless.

It's like gathering real data on whether pigeons will indeed eat sunflower seeds if thrown on the ground in front of them, versus just making it up. Maybe such a study hasn't been done yet, but it literally doesn't matter because we know the outcome. There's zero gain from actually doing the study versus saying that yes, pigeons will generally do so.

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#102
post #98

Can't wait to see how this (rather unsurprising yet important finding) is going to get abused for and with AI : "Hey, I see we haven't chat / you didn't vibe code for few days now, how about you get 1000 free tokens and we just see where that lead us?" It perfectly aligns with sycophantic interaction and then roulette outcome one gets, sure it might not work 100% of the time but it works most of the time and "I" as a…

You'll enjoy this one:

“Parachute Use to Prevent Death and Major Trauma When Jumping from Aircraft: Randomized Controlled Trial.” BMJ, vol. 363, 2018, k5094. https://www.bmj.com/content/363/bmj.k5094

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#103
post #98

Can't wait to see how this (rather unsurprising yet important finding) is going to get abused for and with AI : "Hey, I see we haven't chat / you didn't vibe code for few days now, how about you get 1000 free tokens and we just see where that lead us?" It perfectly aligns with sycophantic interaction and then roulette outcome one gets, sure it might not work 100% of the time but it works most of the time and "I" as a…

You'll enjoy this one: “Parachute Use to Prevent Death and Major Trauma When Jumping from Aircraft: Randomized Controlled Trial.” BMJ, vol. 363, 2018, k5094. https://www.bmj.com/content/363/bmj.k5094

Is this real?

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#104

If it's so bad for gamblers, why don't they stop? If gambling orgs do something that you know causes harm, why isn't the a legal sense of responsibility?

Relevant: https://www.youtube.com/watch?v=EsNgQf-DaGU

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#105
post #8

>“Although the findings relate to direct marketing, I see no reason why the same or similar adverse effects wouldn’t occur for gambling advertising on TV or social media.” Controlling/banning advertising for Alcohol and Tobacco results in significant health benefits. Sports gambling used to be illegal in many places or limited to specific places. Now that it's available in your pocket, like a pack of smokes or a flas…

I used to work for a (now defunct) wagering operation. From my understanding even internally the marketing and business guys would’ve preferred the advertisements to be banned. It’s such an effective customer acquisition tool that the only way to compete is to spend insane amounts on marketing, because if you don’t, all of your competitors are and you’ll go bust. A ban would drastically level out the playing field an…

Are you claiming that advertising doesn't increase the total gambling spend?

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#106
post #2

Super shocking (sarcasm). Gamblers are the whales of that industry. The industry is well aware of that and well aware of how much harm they can cause. But their paychecks depend on not knowing so they choose not to. Same as pay-to-win freemium games. Find the whales and milk them for all you can. For every high-spender who can afford it they know full well the other 99 cannot. They know they are ruining some people's…

The worst thing is that gambling companies are free to ban you if you win too much. So if you're still there it's just because you're being milked. There's a a giant market for second hand accounts on betting websites for this very reason.

Not only winners but anyone that looks like to know what is doing.

By that I mean that they try to detect and ban any pattern that may be math / ML derived or arbitrage seeking.

I have been banned on an account that was loosing money (around -15eur) and the bet was 2.96eur - yep fractional bets is a big no - no.

So while it is possible to find better odds and win in the long run based on stats and ML with a 3% - 5% profit they will ban you before you do.

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#108

Crazy how we (the US) just decided as a society that gambling was not only not illegal anymore but that it was perfectly reasonable to integrate it deeply into every sporting event possible in a span of about five years. We didn't decide that, btw.

And not just sports, but world events where insiders can have the financial incentives to make terrible things happen. But say that, and the same non sensical asinine crowd that spammed about crypto future or NFTs will tell you that's just to have more accurate information and you don't get it.

As an extension of that kind of betting, a sitting President owning a crypto coin, and private social media platform he bolsters with his official duties, are shocking departures from norms around self-enrichment.

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#109
post #8

>“Although the findings relate to direct marketing, I see no reason why the same or similar adverse effects wouldn’t occur for gambling advertising on TV or social media.” Controlling/banning advertising for Alcohol and Tobacco results in significant health benefits. Sports gambling used to be illegal in many places or limited to specific places. Now that it's available in your pocket, like a pack of smokes or a flas…

I used to work for a (now defunct) wagering operation. From my understanding even internally the marketing and business guys would’ve preferred the advertisements to be banned. It’s such an effective customer acquisition tool that the only way to compete is to spend insane amounts on marketing, because if you don’t, all of your competitors are and you’ll go bust. A ban would drastically level out the playing field an…

And the 2nd level consequence of that levelling the playing field would be more competition, and fewer huge, powerful gambling companies. Fewer, huge companies have the money and skills to buy politicians (exhibit one: "prediction markets"). Banning ads would be a net positive for the addicts, and net negative for politicians, hence it won't happen in our current universe.

Re: Bombarding gamblers with offers greatly increases betting and gambling harm

#110
post #96

When online sports gambling started in the US they were offering $500-$1000 of free bets to sign up. Very tempting to sign up, even though I don't gamble anymore than about once a decade, but I decided whoever did that offer was probably smarter than me about who would win out in the end. I've been around the block long enough to know you never take an 'easy profit' deal from someone who is in the business of making…

I'm in Canada where the promotions aren't quite as aggressive, but I've collected in the ballpark of $10k over the past three years through these free bet sportsbook promotions as well as collecting daily bonuses from this new wave of "sweepstakes" online casinos. To make the "free" money and not ruin your life, You must have the discipline to look at things from a purely numbers perspective. It has to be mechanical…

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