311–320 of 424 posts
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The only defense is parenting. And no, I'm not one of those childless people who tells parents to parent better.
"Parenting" is a nebulous concept and at least to me, it also includes pushing for better laws for children. Nobody would think it's reasonable to allow stores to sell cigarettes to children and tell parents "if you don't like it, just don't let your kids smoke".
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You don't need Colossus-level compute or a genius-level IQ to evaluate the question "Will the steam machine cost more than $700 at release", or "Will 2026 be the hottest year on record".
Sure but that level of confidence is what would also eventually wipe you out because gamblers are not necessarily known for proper risk management. You could win 10 bets in a row but then it would only take one bet that you had 100% conviction on for you to lose and you get wiped out
Maybe only allow people to spend 1/5 their pool of cash per bet so it never reaches zero
Earlier quoted context omitted.
The only defense is parenting. And no, I'm not one of those childless people who tells parents to parent better.
"Parenting" is a nebulous concept and at least to me, it also includes pushing for better laws for children. Nobody would think it's reasonable to allow stores to sell cigarettes to children and tell parents "if you don't like it, just don't let your kids smoke".
Earlier quoted context omitted.
It’s gambling, and the house always wins.
There is no house on polymarket, it's pvp.
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We used to debate things like the harms to society of gambling, now it’s a silent decree that it’s not only legal but the basis for our economy. The same group who used to preach family values turned out to be the biggest casino pimps and pornographers.
If gambling stops, the economy collapses.
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That would be purchasing a license (service). Gambling is always classed as a cash advance. The gift cards trick has been tapped and closed, the credit companies figured it out decades ago.
What if the site allows you to purchase a digital asset such as a CS2 skin which you can then immediately sell back to them at the same price you to get credits in your account to gamble?
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That would be purchasing a license (service). Gambling is always classed as a cash advance. The gift cards trick has been tapped and closed, the credit companies figured it out decades ago.
What if the site allows you to purchase a digital asset such as a CS2 skin which you can then immediately sell back to them at the same price you to get credits in your account to gamble?
It's the same for all the gambling platforms - they give creators and influencers privileged accounts that win more than they lose so when they stream it looks like they're not losing constantly.
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> It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So. My worry is that social media surveillance could be combined with Polymarket to tailor bets to individuals. This could be very subtle. You don't really need your punters to always be wrong either. Meaning that sometimes they'd win at the expense of other punters with the illusion they can make money. You just ne…
With "AWP" (Amusement with Prize, as opposed to SWP: Skill with Prize, i.e. quiz machines), they're often set to payout 80-85% of money taken in. (SWP's are usually around 30%). And at that level they're still pocketing hundreds of pounds per week per machine. The most lucrative ones I've seen (admittedly ~20 years ago now) were being emptied by the operator twice a week and taking out £600-800 every time, per machin…
Having worked in such a "business" - the problem is rents. When everyone else around you has a slot machine or two, landlords raise the rents (because they see what their neighbor landlord can get away with). And now, you as a legitimate pub owner have to choose, do you raise the beer prices yet again, or do you put up a slot machine yourself?
And sooner or later, depending on the greediness of the landlord, you have to choose between putting up a slot machine or closing down outright.
Gambling is an incredibly corrosive force. Not just to the gamblers themselves (wtf, I heard there are triple-zero roulette tables in Vegas these days?), but also to everyone and everything surrounding it.
I agree, some level of allowing gambling makes sense, gambling can even be observed in the animal kingdom, but it absolutely needs to be regulated.