Sports betting is everywhere, especially on credit reports • Hacker News Board

Re: Sports betting is everywhere, especially on credit reports

#51

Post by dingaling » Sat, Mar 28, 2026, 11:31 AM UTC

Jcampuzano2 wrote: post #16

erulabs wrote: post #2

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 personally don't participate in it and don't really find it interesting at all. For the longest time it was fairly normal to bet among friends, but I do know some people who seem to obsess now over sports betting to what feel like unhealthy levels. 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 tha…

Its ubiquity disappoints me because it shows how post-modernist emotionalism has completely overriden objective pragmatism.

The average better in the street is not going to magnitudes less statistical information than the betting company, but he places a bet because he 'feels' that he can predict the outcome.

Re: Sports betting is everywhere, especially on credit reports

#52

Post by bmitch3020 » Sat, Mar 28, 2026, 11:46 AM UTC

defrost wrote: post #35

will4274 wrote: post #32

Earlier quoted context omitted.

I recall plenty of debate. Maryland voters voted to legalize gambling because politicians said the funds would go to education. It was a ballot initiative that won a majority vote. But I guess all the states in the union aren't as well governed as Maryland.

Well governed? Evidence suggests easily fooled voters, although some $6.8 billion USD has flowed from Maryland casinos to the Maryland Education Trust Fund since 2010, educators on the ground are still asking when the airconditioners ordered a decade past will arrive. * https://marylandeducators.org/where-did-the-gambling-money-g... * https://www.mdgaming.com/marylands-casinos/revenue-reports/ It would appear there's…

> It would appear there's a major leak in the Education Trust Fund.

Or they redirected funding that previously went to education to other budget items. If a trust fund is created to send $7B to education, but the government cuts their previous $10B in funding, the trust fund can be perfectly followed, while educators see a $3B cut in their funding.

Re: Sports betting is everywhere, especially on credit reports

#53

Post by defrost » Sat, Mar 28, 2026, 11:54 AM UTC

bmitch3020 wrote: post #52

defrost wrote: post #35

Earlier quoted context omitted.

Well governed? Evidence suggests easily fooled voters, although some $6.8 billion USD has flowed from Maryland casinos to the Maryland Education Trust Fund since 2010, educators on the ground are still asking when the airconditioners ordered a decade past will arrive. * https://marylandeducators.org/where-did-the-gambling-money-g... * https://www.mdgaming.com/marylands-casinos/revenue-reports/ It would appear there's…

> It would appear there's a major leak in the Education Trust Fund. Or they redirected funding that previously went to education to other budget items. If a trust fund is created to send $7B to education, but the government cuts their previous $10B in funding, the trust fund can be perfectly followed, while educators see a $3B cut in their funding.

Apparently very little of the $6 billion that came from the casino's that were approved via voting on the basis that money would go to education ended up in schools.

The funding levels appear to be stagnating, there is no sign of any additional topping up.

It's a dishonest sleight of hand designed to fool the voters who wanted education improvements, voted for a path of action that was promised to deliver .. and did not.

It's clear how the con works, equally clear that it was a con.

Re: Sports betting is everywhere, especially on credit reports

#54

Post by [deleted] » Sat, Mar 28, 2026, 2:41 PM UTC

zoklet-enjoyer wrote: post #50

Alive-in-2025 wrote: post #28

Earlier quoted context omitted.

We have many restrictions on what spend our money on. You can't buy illegal drugs, you can't pay someone to kill someone else. You can't buy many different substances without permission of the govt like certain explosives. Some states have limits on buying (or using) lockpicking tools (often called pick lock tools in the law) unless you have certain permissions, like being an active locksmith. So we have limits on wh…

Those restrictions are morally wrong other than the one about murder

[deleted]