Americans increasingly see legal sports betting as a bad thing for society

Post by sigwinch » Sun, Oct 05, 2025, 4:23 PM UTC

dpark wrote: post #247

tgv wrote: post #218

Earlier quoted context omitted.

What I mean by strict rules is (but not limited to): no profit for the organizer, loss limit for everyone across all bets, etc. But I don't know what set of rules would qualify to make gambling neutral. - Infrastructure is better off paid by taxation. That's much fairer, and more predictable. - I don't see insurance as gambling. It has a chance element, but that's not enough to qualify something as gambling. You buy…

> no profit for the organizer You’ve ruled out not just all gambling but all business. The examples the parent comment above you gave are all profit generating for the organizer. Insurance in particular seems to be a clear societal win and is in fact gambling. You make a (relatively) small wager that pays out nothing if you don’t need it or potentially huge if you do.

Post by oreally » Sun, Oct 05, 2025, 4:26 PM UTC

sigwinch wrote: post #265

oreally wrote: post #242

Earlier quoted context omitted.

I'd like to present a different perspective, abeit slightly radical. I believe that there's a place for a time-efficient, minimal human approval, risk-reward system for a society in which jobs have been gatekept to ever-higher requirements and are even harder to sustain due to pressures of the people gatekeeping you out and around you once you've gotten in (ie. the bureaucracies of your co-workers and your boss's tem…

Doesn’t the House very effectively gatekeep sharps from the table?

Post by qlm » Sun, Oct 05, 2025, 4:27 PM UTC

Tangokat wrote: post #143

keiferski wrote: post #67

The legalization and popularity of gambling is more than just an immoral activity that has negative societal effects. It’s reflective of people losing hope in the system’s ability to make their lives better. Gambling thrives in contexts where a ladder to success doesn’t exist or is perceived as not existing. If hard work or time doesn’t make your life better, then fate is just chance, and you might as well throw your…

https://oldcoinbad.com/p/long-degeneracy In the author’s words, long degeneracy represents “a belief that the world will only get more degenerate, financialized, speculative, lonely, tribal and weird”. The most concise and holistic explanation of this trend is: "As real returns compress, risk increases to compensate".

Post by kqr » Sun, Oct 05, 2025, 4:33 PM UTC

wredcoll wrote: post #295

kqr wrote: post #203

Earlier quoted context omitted.

Yeah but those are separate claims. "Lead causes health problem, and vicious cycles are a thing, therefore health problems cause lead!" is not a valid shape for an argument. It may well be true, but both directions have to be established before calling it a vicious cycle. In this case, I can agree bad social conditions cause gambling, but I don't think the data supports the opposite, at least not more than many other…

You don't think gambling causes negative societal affects to any greater degree than the fashion industry?

Post by screye » Sun, Oct 05, 2025, 4:37 PM UTC

keiferski wrote: post #67

The legalization and popularity of gambling is more than just an immoral activity that has negative societal effects. It’s reflective of people losing hope in the system’s ability to make their lives better. Gambling thrives in contexts where a ladder to success doesn’t exist or is perceived as not existing. If hard work or time doesn’t make your life better, then fate is just chance, and you might as well throw your…