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Re:Legalizing Sports Gambling Was a Mistake by lumb63 on Friday September 27, 2024 @07:08AM (#41668908)
I was a big proponent of legalizing sports gambling before it happened here in the US. After that, one of my best friends lost 5 figures on sports gambling that he really couldn’t afford to lose. I’ve also watched sports talk shows degrade to simple betting tips, and TV is now borderline unwatchable due to the pharmaceutical and gambling ads. To me, a few regulations/restrictions seem useful. I think broad legalization went too far.

One regulation would be banning gambling advertising, for the same reason why smoking ads are (I think?) banned. It is especially nefarious how companies lure in new customers with free bets, often with unscrupulous cash-out conditions, in order to get people hooked. It’s the equivalent of ads providing someone a coupon code to get several boxes of free cigarettes, at which point they get hooked.

Another change I’d like to see is the end of mobile gambling. I’ve never done it, but from watching friends do it, it was far too easy to deposit money, or borrow money on credit, and bet it frivolously. At least if such behavior is confined to a casino, there is some larger barrier to entry for people.

I do not know if this is true in other states, but certain states have the ability for an individual to self-institute a gambling ban at all facilities in the state. I’m not sure if this applies to gambling online. If not, then it should. And if other states don’t have it, then they would greatly benefit from it.

It also seems somewhat fair to me to tax the casinos and other companies profiting from gambling and using that money to fund services for people who become addicted. If you’re going to help create a problem, you should have to help clean it up.

Re:Legalizing Sports Gambling Was a Mistake by bombcar on Friday September 27, 2024 @08:53AM (#41669842)
Requiring gambling to be done at established facilities or even the sports facility itself and limiting the bets to five dollars or some nominal amount would solve 99% of the problems.
Re:Legalizing Sports Gambling Was a Mistake by acdha on Friday September 27, 2024 @10:01AM (#41670613)
The other thing I’d add is a mandatory system where people can tell the company not to allow them to bet with a lengthy time delay (say 90 days) to remove themselves from the list. Most people with problems know they have them at least some of the time and it’s important to give them tools to prevent moments of weakness.
Re:Legalizing Sports Gambling Was a Mistake by seaal on Friday September 27, 2024 @12:47PM (#41672754)
Self exclusion is something that is handled by each states gaming enforcement department. All 34 states that have a self-exclusion program also have wildly different policies.
Re:Legalizing Sports Gambling Was a Mistake by 8note on Friday September 27, 2024 @09:52PM (#41677246)
Is this mitigated by time to get between states?
Re:Legalizing Sports Gambling Was a Mistake by mnahkies on Saturday September 28, 2024 @12:54PM (#41681441)
They have a system for this in the UK https://www.gamstop.co.uk/ - though I only know it exists from TV adverts (presumably they are legally obligated to run these)
Re:Legalizing Sports Gambling Was a Mistake by verdverm on Friday September 27, 2024 @09:25AM (#41670173)
Limiting it to a licensed location, instead of app or website, and requiring cash instead of credit would likely be sufficient.
Re:Legalizing Sports Gambling Was a Mistake by gosub100 on Saturday September 28, 2024 @10:29AM (#41680430)
I'm pretty sure the owners of the licensed locations were principals in getting the online betting scene going. I am guessing here, but it seems likely they saw that it's inevitable that off-shore online sports books will exist, so they were driven to capitalize on it legally (from the US).
Re:Legalizing Sports Gambling Was a Mistake by piltdownman on Friday September 27, 2024 @10:05AM (#41670657)
Censorship is not letting an adult eat a steak because a baby can't chew it.

We don't cap the ABV% of a bottle of Wine to an arbitrarily low number because of the prevalence of alcoholics.

Re:Legalizing Sports Gambling Was a Mistake by bombcar on Friday September 27, 2024 @12:11PM (#41672332)
Society always has and continues to limit access to certain things at certain times in certain places for certain groups of people for reasons that vary. We call it censorship/restrictions when we don’t like it. We call it reasonable control when we do.
Re:Legalizing Sports Gambling Was a Mistake by Jerrrrrrry on Friday September 27, 2024 @02:09PM (#41673818)
a true liberalist would argue that you can sell your kids, as long as they agreed to it
Re:Legalizing Sports Gambling Was a Mistake by aidenn0 on Friday September 27, 2024 @10:13AM (#41670738)
The state I grew up in prohibited distilled spirits from being sold at non-State run stores.
Re:Legalizing Sports Gambling Was a Mistake by piltdownman on Friday September 27, 2024 @10:27AM (#41670927)
Which is a methanol related health and safety measure grandfathered in as a holdover from the Volstead Act. All first world control have significant hazard analysis and supply chain integrity measures for food and drink.
Re:Legalizing Sports Gambling Was a Mistake by aidenn0 on Friday September 27, 2024 @11:07AM (#41671398)
I'm not sure that's the entirely the case, given that, when I was a kid, you couldn't buy non-distilled beverages at the grocery store either.

https://en.wikipedia.org/wiki/Alcoholic_beverage_control_sta...

Re:Legalizing Sports Gambling Was a Mistake by piltdownman on Friday September 27, 2024 @11:26AM (#41671645)
Temperance related measures post-Volstead - an insidious loophole to appease the Bible Belt whereby liquour is specifically exempted from the federal oversight of interstate commerce.

I believe there's some relation between this and federal highway funding being tied to a minimum drinking age of 21, but I may be misremembering some half-read magazine article.

Re:Legalizing Sports Gambling Was a Mistake by mozman on Friday September 27, 2024 @02:09PM (#41673817)
I believe it’s drinking age and breath limit thresholds thanks to MADD.
Re:Legalizing Sports Gambling Was a Mistake by ericbarrett on Friday September 27, 2024 @10:47AM (#41671152)
Tangential—methanol poisoning from an improper brewing or distilling process is largely, maybe completely, a myth. Where toxicity events have occurred they are almost always deliberate or accidental adulteration, e.g. fortifying moonshine with industrially "denatured" (deliberately poisoned) alcohol. There has been a lot of sloppy journalism in such cases that doesn't question the myth, as well as Prohibition-era propaganda that lives on to this day.

Great Reddit discussion about this: https://old.reddit.com/r/firewater/comments/9p1fwe/methanol_...

Re:Legalizing Sports Gambling Was a Mistake by piltdownman on Friday September 27, 2024 @11:10AM (#41671425)
TIL. That said, I hadn't anticipated much rational in Prohibition rationale. The thread did support my suspicion that grappa hangovers are their own special category of hell though!
Re:Legalizing Sports Gambling Was a Mistake by throw-the-towel on Friday September 27, 2024 @08:55PM (#41676998)
Re:Legalizing Sports Gambling Was a Mistake by Sohcahtoa82 on Friday September 27, 2024 @12:47PM (#41672767)
Oregon is that way.

Groceries stores can only sell beer, wine, and malts. If you want vodka, schnapps, and other hard liquors, you gotta go to a dedicated state-run liquor store.

Most of them are pretty small, too, so if you want something uncommon, it can be hard to find. Luckily the OLCC runs a website where you can search for specific items and it will tell you which stores (if any) carry it.

I do wish we could just get a BevMo though.

Re:Legalizing Sports Gambling Was a Mistake by BobAliceInATree on Friday September 27, 2024 @10:42AM (#41671093)
Many states cap ABV of spirits.
Re:Legalizing Sports Gambling Was a Mistake by piltdownman on Friday September 27, 2024 @11:04AM (#41671359)
And many European countries can't sell e.g. Everclear. The key bit of my statement was 'arbitrarily low'.
Re:Legalizing Sports Gambling Was a Mistake by RHSeeger on Friday September 27, 2024 @03:20PM (#41674518)
We used to have to travel to the next state over to buy Everclear (you know, for the _good_ parties) and bring it back.
Re:Legalizing Sports Gambling Was a Mistake by toss1 on Friday September 27, 2024 @01:29PM (#41673334)
Riiight.

So it is censorship that we don't sell alcohol in schools?

It is censorship that we prohibit open beverages in automobiles and airplane cockpits?

Yikes. I expect this kind of "all regulations bad!!" nonsense on other social media, but sadly, starting to find it here too.

Re:Legalizing Sports Gambling Was a Mistake by specialist on Friday September 27, 2024 @02:57PM (#41674324)
I'm often reminded of the rationalist liturgy:

A well-armed society is a polite society.

IIRC from Robert Heinlein's The Moon is a Harsh Mistress. The just so story is when the govt's monopoly on violence is devolved to individuals, people will police themselves.

We now know empirically that a well-armed society is certainly not polite.

Re:Legalizing Sports Gambling Was a Mistake by toss1 on Friday September 27, 2024 @08:37PM (#41676894)
Indeed, that is a nice sentiment, but not borne out by the actual data.

It's more like being armed makes not all, but far too many people, think they can be as much of an ass as they like at any time. It works fine, right up to the moment it doesn't and they get put down; but they never think of that in advance, so it doesn't stop that subset of the population being asses (or just shooting up the place), and the rest of us having to live life watching our sixes.

There's a reason that most civilized societies moved past it.

Re:Legalizing Sports Gambling Was a Mistake by RHSeeger on Friday September 27, 2024 @03:18PM (#41674502)
It's a balancing act. We limit <some thing> if the damage to society caused by it is greater than <some amount>. With the caveat that getting those limits put in place can be complicated, given the influence of money on political will.

- We limit drinking by minors

- We limit smoking to outdoor areas

- We limit driving over certain speeds

We limit many, many things that an individual can do based on how they impact society as a whole. We even limit some things an individual can do that have no impact on society (but I disagree with this completely).

That is how societies work.

Re:Legalizing Sports Gambling Was a Mistake by Fauntleroy on Friday September 27, 2024 @02:24PM (#41673972)
It would also result in way less profits, so we'd need something truly incredible to happen to see it through.
Re:Legalizing Sports Gambling Was a Mistake by marcosdumay on Friday September 27, 2024 @02:52PM (#41674250)
> something truly incredible

That's one interesting way to say "government regulation".

Re:Legalizing Sports Gambling Was a Mistake by Petersipoi on Saturday September 28, 2024 @12:04AM (#41677773)
Government regulation that results in the government having less money is truly incredible.
Re:Legalizing Sports Gambling Was a Mistake by Xylakant on Saturday September 28, 2024 @01:40AM (#41678161)
Examples are not particularly hard to come by: All government regulations to reduce smoking, all regulations to reduce petrol cars. All regulations to ban drugs. All of those aim to reduce the sale of some item the government could or does tax. I’m sure more can be found.
Re:Legalizing Sports Gambling Was a Mistake by andy800 on Friday September 27, 2024 @05:52PM (#41675920)
The only actual problem casino gambling, lotteries, and sports betting has been intended to solve is to generate revenue for state and local governments. Limiting bets to $5 would ensure failure for that purpose. Gambling addiction, crime, cheating, game fixing, etc are unfortunate side effects, but not real problems, in the eyes of lawmakers.
Re:Legalizing Sports Gambling Was a Mistake by ipaddr on Saturday September 28, 2024 @01:41AM (#41678164)
Why not just ban it? I fail to see the point of spending all of this money administering an industry with such a low total income. That would lose money every year and keep increasing.
Re:Legalizing Sports Gambling Was a Mistake by dredmorbius on Saturday September 28, 2024 @02:15AM (#41678271)
A total ban ... on legal gambling ... would likely lead to at least some increase in illegal gambling, which of necessity allies itself to organised crime.

That's not an iron-clad argument, as legal gambling can still have mob ties, and tacit permission of some illegal gambling might still permit some level of oversight. And of course, legal gambling doesn't ensure reasonable or effective oversight or regulation.

By establishing known, legal, and possibly even bettor-favourable facilities or systems, gaming becomes something which might have some level of oversight. The increase in online gambling does severely cut into this argument though.

Another challenge, in the U.S., comes in the form of reservation casinos which can operate independently of other state prohibitions on gambling, which means that total eradication is at the very least difficult.

But that is an argument which might be made in answer to your "why not just..." question.

(I'm generally not a fan of gambling in any of its various forms. I'm cognisant of its pervasiveness and some of the worse aspects of it.)

Re:Legalizing Sports Gambling Was a Mistake by doetoe on Saturday September 28, 2024 @04:06AM (#41678712)
According to the article, the other way around didn't happen: the legalization didn't decrease illegal gambling
Re:Legalizing Sports Gambling Was a Mistake by dredmorbius on Saturday September 28, 2024 @05:05AM (#41678972)
That would put a damper on things.

Though the pre-2018 situation was that personal (that is, not intermediated by a company) gambling was legal, which provided an out.

Again: I'm positing the argument, I'm not advocating for it. And it does appear to be counterfactual.

Re:Legalizing Sports Gambling Was a Mistake by ThunderSizzle on Saturday September 28, 2024 @07:40AM (#41679592)
It's a lot easier for the IRS to track your betting earnings when it's reported to them directly by the broker.

Of course doing it in a way so it can't be tracked keeps the IRS ignorant, which is a big deal to many people

Re:Legalizing Sports Gambling Was a Mistake by mnahkies on Saturday September 28, 2024 @01:00PM (#41681490)
Huh TIL that the usa taxes gambling winnings, and that you can offset with losses up to the amount of winnings (https://www.irs.gov/taxtopics/tc419)

Guess it's good my luck was terrible in Vegas or I might've inadvertently committed tax fraud. Though now I'm curious if I had won a few hundred dollars would there have been tax due?

I'm pretty sure it's tax free in most countries.

Re:Legalizing Sports Gambling Was a Mistake by robotresearcher on Saturday September 28, 2024 @05:00PM (#41682968)
In the UK you can choose to pay tax on your stake when you place it, so that your winnings are tax free, or not, in which case your winnings are taxed.
Re:Legalizing Sports Gambling Was a Mistake by mnahkies on Saturday September 28, 2024 @06:13PM (#41683317)
Are you sure? I never make bets over £20 or so, but my understanding is if I hit it big there's no tax to worry about - this source seems to agree, unless you're a professional gambler which somewhat makes sense https://intelligentodds.com/gambling/do-you-pay-tax-on-gambl...
Re:Legalizing Sports Gambling Was a Mistake by robotresearcher on Sunday September 29, 2024 @01:02AM (#41685046)
According to that link, it changed in 2001. I left the uk before that. Now I feel very old.

Thanks for the correction.

Re:Legalizing Sports Gambling Was a Mistake by NeutralCrane on Saturday September 28, 2024 @07:42AM (#41679597)
This is true of other vices as well. Many have argued that legalized sex work will decrease the amount of human trafficking, when reality has shown it actually increases it.
Re:Legalizing Sports Gambling Was a Mistake by dredmorbius on Saturday September 28, 2024 @04:51PM (#41682902)
I'd really like to see an in-depth analysis of multiple such cases of ... what to call it? Vice permissivity? And what effects stack up.

I strongly suspect that one element of legalisation is that it normalises the activity, which lowers all sorts of social and psychological barriers to participation.

Another is that it creates self-organised self-interest groups. This is actually a really great way to ensure the longevity of governmental programmes, with both positive and negative examples: welfare systems such as Social Security, Medicare, and the ACA in the US are all immensely popular with the elderly, a staunch voting block, to the extent that its general trend toward conservativism doesn't fully mute interest in social welfare. The military-industrial complex is another, and a recent discussion I'd heard of the Inflation Reduction Act highlighted the constituencies built in to support it even in deep-red southern US states.

In the case of legalisation of gambling, drugs, and sex work, what had previously been the purview of criminal gangs now becomes "ordinary business" (though the thought occurs that the distinction between the two may be less than is commonly understood). To the extent that established businesses prove to be highly effective at defending even the most indefensible of practices (tobacco, alcohol, asbestos, lead, plastics, fossil fuels) is well established, and the risks of that path should be strongly considered.

Another option is to decriminalise rather than legalise a practice, but focus on policing the most problematic elements of the practice. That might be the provider side (as with drugs and gambling) or the consumer side (as with sex work, targeting johns), or on going up-market and tightly limiting or prohibiting private aggregators (e.g., pimps, drug lords) rather than focusing on low-level actors (streetwalkers, individual workers, street crews within drug operations).

State-operated operations (gambling, lotteries, alcohol and tobacco sales, drug distribution *with integrated treatment), is another option, though it too isn't a surefire solution. My view is that lottery programmes in the US are out of control and a net negative, though in part that itself reflects the public-private partnership in the operation of many of these.

Re:Legalizing Sports Gambling Was a Mistake by imtringued on Tuesday October 01, 2024 @05:08AM (#41706158)
The problem with legalized sex work is that when a cop is faced with a human trafficking victim, there is nothing he can do if the trafficking victim does not testify and explicitly ask for police intervention, which is a high bar to clear for a victim that would at best become homeless in a foreign country and at worst receive severe repercussions for an escape attempt.

The solution to this problem would be mandatory sex worker licenses and mandatory yearly counseling that acts as an escape path for trafficking victims.

Re:Legalizing Sports Gambling Was a Mistake by defrost on Tuesday October 01, 2024 @05:19AM (#41706237)
There are three frameworks of legalisation in Australia, none of which ban the selling of sex, all of which limit or criminalise brothels and forms of "organised prostition by third parties".

There are many women police officers in vice and many means with which to tackle sex trafficking, with or without the testimony of specific victims (bearing in mind that sex trafficking almost always involves many victims).

Yearly contact seems ... sparse... there's more sense to be had in mandatory weekly or fortnightly STI checkups, etc. which incorporates contact with trained medical professionals familiar with the ins and outs of te game.

Re:Legalizing Sports Gambling Was a Mistake by cyborgx7 on Saturday September 28, 2024 @02:23AM (#41678301)
I don't have a strong opinion in the matter, but the argument is that banning things don't automatically make them go away. Banning things that people want to do will make organized crime spring up around it, which is often worse. The idea is, by allowing it in some limited legal way, you make it unprofitable for the organized criminals.
Re:Legalizing Sports Gambling Was a Mistake by MavisBacon on Saturday September 28, 2024 @05:08AM (#41678995)
Yeah and I think I believed in aspects of this line of logic when my state legalized sportsbooks. I believe in harm reduction in most regards. What happened though, in my opinion, is an increase in access wound up creating an increase in net harm. Just my assessment. Timing is worth noting, this was rolled out to users initially during quarantine times.
Re:Legalizing Sports Gambling Was a Mistake by WeylandYutani on Monday September 30, 2024 @08:00AM (#41696193)
Yeah but how do you do that when you have online casinos who are conveniently placed on some tropical island state?
Re:Legalizing Sports Gambling Was a Mistake by parineum on Friday September 27, 2024 @11:32AM (#41671756)
> One regulation would be banning gambling advertising, for the same reason why smoking ads are (I think?) banned.

Generally, a law that made it illegal to advertise age-restricted activities to audiences where a significant portion of the audience would be under-age should be a workable solution. Let the courts decide what that gray area of "significant portion" is on a case by case basis.

Re:Legalizing Sports Gambling Was a Mistake by digging on Friday September 27, 2024 @11:55AM (#41672106)
Sure, but I think that falls a bit short of what's really at play here. Advertising anything which tugs at our animal weaknesses is unreasonably manipulative. Images of food (especially marketing images, which are photos of inedible objects masquerading as food), ads for sex, drugs, gambling - these are vices for a reason. Humans, generally, are weak to these things. Adults shouldn't really be exposed to these advertisements either.
Re:Legalizing Sports Gambling Was a Mistake by smeej on Friday September 27, 2024 @01:52PM (#41673595)
We're also susceptible to bright colors and certain screen movement patterns and topic sequences, as practical the entire internet industry has figured out and has been using against us with competing degrees of success for about 20 years.

Humans are weak and easy to manipulate, and some more so than others. It seems like the question is always about the degree to which the governments ought to intervene to protect us from each other...and ourselves.

Re:Legalizing Sports Gambling Was a Mistake by computerdork on Friday September 27, 2024 @03:53PM (#41674882)
HN doesn't let me reply to your reply so will reply on your early comment (think too many levels of nesting?). But I agree about your comment on devices, smartphone addiction is having negative impact people's mental health - smartphones are a super-useful tool, but too much screen-time has led to detachment from the real world and depression.
Re:Legalizing Sports Gambling Was a Mistake by computerdork on Friday September 27, 2024 @03:35PM (#41674675)
Agreed, it's about the degree of regulation.

And not sure where you sit on this, but for me personally, gambling ads cross a line as gambling has major negative effects to public well-being, especially to those who are the most financially in need.

Re:Legalizing Sports Gambling Was a Mistake by smeej on Friday September 27, 2024 @03:44PM (#41674793)
I'm one of those people who has become convinced that device addiction has ruined the capacity to think or pay attention for an entire generation from the time they were most vulnerable, and we haven't even begun to realize the negative consequences of that. But yeah, gambling ads are bad too.
Re:Legalizing Sports Gambling Was a Mistake by NemoNobody on Friday September 27, 2024 @03:14PM (#41674464)
Re:Legalizing Sports Gambling Was a Mistake by smeej on Friday September 27, 2024 @03:47PM (#41674817)
Wow, I'm glad I clicked this. Feels kind of like you buried the lede not giving the title: "Subliminal acoustic manipulation of nervous systems"
Re:Legalizing Sports Gambling Was a Mistake by matheusmoreira on Friday September 27, 2024 @11:14PM (#41677576)
Is this based on actual science? How effective is this?
Re:Legalizing Sports Gambling Was a Mistake by digging on Friday September 27, 2024 @05:10PM (#41675566)
Sure, there are many other forms of advertising that are irresponsible in the public sphere.

> It seems like the question is always about the degree to which the governments ought to intervene to protect us from each other...and ourselves.

Of course. That's why I defined the degree I was advocating for

Re:Legalizing Sports Gambling Was a Mistake by hnick on Sunday September 29, 2024 @05:50AM (#41686179)
I had a small laugh when I read your comment and imagined legislation for fighting attention-grabbing sites, requiring them to all look like this site.

Want to see an image? Follow a link, sir. It is far too distracting to have it simply be there, between the words, enticing us.

Re:Legalizing Sports Gambling Was a Mistake by ikr678 on Sunday September 29, 2024 @11:44AM (#41688127)
Legislation about plain packaging for other vices, like cigarettes, has been successful in Australia.

The idea was to destroy the 'brand value' and positive associations that cigarette companies have worked hard to build.

It does work, but I dont know that the concept would translate to digital media that well.

Re:Legalizing Sports Gambling Was a Mistake by hnick on Sunday September 29, 2024 @11:19PM (#41693226)
Yes I live here and it seems quite successful. Most smokers I see now in my area (not counting vapes) are foreign Asian students who didn't grow up with it.

I don't think it'd work well online for similar reasons, the internet is global, it would just disadvantage local companies for no real gain due to our population. It would have to be a concerted global effort. I think there is quite a bit of overlap with accessibility too (simple and quiet is easier to parse for computers and humans than confusing noise), so maybe a push in that direction.

Re:Legalizing Sports Gambling Was a Mistake by gosub100 on Saturday September 28, 2024 @11:37AM (#41680902)
> Images of food (especially marketing images, which are photos of inedible objects masquerading as food

I agree with your overall point, but this is incorrect. I'm pretty sure there is already a law that says they cannot have fake food in commercials, at least for restaurants. There have been articles explaining how they take a "stock" hamburger (ok, they call it a "sandwich", technically) and dress it up for the commercial. But the interesting part is that the food photographers are constrained to using only ingredients from the store, they cannot use paint or plastic to represent the food. One of the little details I remember was they would use a brush to draw the ketchup to one side of the bun to make it look like it was liberally applied. It's quite interesting how they achieve the final goal - even though it looks NOTHING like the product that is delivered to the consumer.

Re:Legalizing Sports Gambling Was a Mistake by computerdork on Friday September 27, 2024 @03:48PM (#41674829)
Interesting, using the under-age argument to ban these ads generally - guessing this is how smoking ads where banned - seems like a good technical way to ban them generally to the overall population.

And even if we look just at under-age audiences, a ban for them make sense, since that for a decent-sized portion of teenage boys, sports is an obsession. Having them pummeled by sports-betting ads at an age when they are often exploring new things is probably not a good idea, as it will make betting (and for some of these, betting addiction) a part of their lives while they are young.

Re:Legalizing Sports Gambling Was a Mistake by pests on Saturday September 28, 2024 @12:28AM (#41677871)
> I do not know if this is true in other states, but certain states have the ability for an individual to self-institute a gambling ban at all facilities in the state

In Michigan this is part of the Responsible Gaming program. You can opt out for certain lengths of time and they will not let you back for any reason. It's on a per-casino basis though, not some global list.

You can also get restricted if you ever claim to support that you need the money, have to pay bills, can't wait on the withdraw, etc.

I made a mistake once, while upset at some promo conditions not being clear, that I was "counting" on it. I meant I was counting on using it to gamble more (lmao) but they thought I meant for bills and ended up having to go through a special process to get my account back.

Re:Legalizing Sports Gambling Was a Mistake by PoignardAzur on Saturday September 28, 2024 @03:24AM (#41678553)
Honestly, if the employees were that trigger-happy, it sounds like the system was working well.
Re:Legalizing Sports Gambling Was a Mistake by xemdetia on Saturday September 28, 2024 @08:16AM (#41679767)
I think that one of the issues that really hurts the advertising is that the sports betting adverts will pay above and beyond what anyone else pays and it prices everyone out. It's the same problem we had with crypto and cigarettes. They need to spend infinite money to normalize their desired behavior. I feel like advertising for casinos around there being interesting non-gambling activities (e.g. concerts) is the right kind of indirect advertisement, but by necessity the online slots and online sports betting is monotone towards the outcome.
Re:Legalizing Sports Gambling Was a Mistake by panarky on Saturday September 28, 2024 @03:24PM (#41682415)
Sports betting is a market.

Like any market, those with knowledge and power systematically enrich themselves by extracting wealth from those without.

If sports betting should be banned because it exploits those without wealth or knowledge, then other markets with many naive participants should also be banned, such as markets for stocks and crypto.

Re:Legalizing Sports Gambling Was a Mistake by chipsrafferty on Saturday September 28, 2024 @08:35PM (#41683897)
So every market should be banned?
Re:Legalizing Sports Gambling Was a Mistake by dumah on Sunday September 29, 2024 @12:13PM (#41688350)
Sports betting is a negative EV zero-sum game motivated by an addiction, for a significant fraction of the population.

Investment in equities is principally a non-zero-sum positive EV game motivated by rational expectations for preservation and growth of wealth.

The fact that some financial actors have very good sharpe ratios or dominate capture of trading profits on millisecond horizons isn’t a significant detriment to the larger good resulting from retail investment.

Re:Legalizing Sports Gambling Was a Mistake by panarky on Monday September 30, 2024 @09:49PM (#41703950)
If you support banning sports betting because it's a zero-sum game that is generally -EV for non-professionals in aggregate, and if short-term trading of stocks is also zero-sum and -EV for non-professionals in aggregate, then do you support also banning short-term stock trading for non-professionals?
Re:Legalizing Sports Gambling Was a Mistake by dumah on Sunday October 06, 2024 @07:23PM (#41761243)
I don’t know exactly what the right regulation would look like to restrict this specific kind of activity, but I don’t have a problem, in principle, with such regulation.
Re:Legalizing Sports Gambling Was a Mistake by znkynz on Tuesday October 01, 2024 @02:52PM (#41712610)
Bookies don't take stakes from habitual winners. The "market" is rigged.
Re:Legalizing Sports Gambling Was a Mistake by swoorup on Saturday September 28, 2024 @01:23PM (#41681625)
So save people from their own irresponsibility?
Re:Legalizing Sports Gambling Was a Mistake by mtlguitarist on Sunday September 29, 2024 @06:45AM (#41686441)
This is an unfair framing of it. Addiction is a mental illness and these companies are preying on the mentally ill to make money. They rely on them ruining their own lives and others' to make a profit.
Re:Legalizing Sports Gambling Was a Mistake by swoorup on Tuesday October 01, 2024 @04:14AM (#41705840)
It seems more like a problem that should be solved elsewhere? Are there cases where the company forces you to gamble?

How do you draw the line between someone who wants to gamble recreationally and someone who does it because they are addicted without harming the recreational parties?

Re:Legalizing Sports Gambling Was a Mistake by ItsBob on Sunday September 29, 2024 @09:08AM (#41687127)
> I’ve never done it, but from watching friends do it, it was far too easy to deposit money, or borrow money on credit, and bet it frivolously.

A data point for you...

I was on a train earlier this year and I was standing behind someone out with their wife/girlfriend. He had his phone in his hand the whole time with a gambling app opened (the green one, PaddyPower maybe?). I couldn't read the screen exactly but there was a list of fixtures for football matches and a button next to each one. From memory, I think each button was odds for the game, e.g. 10:1 Luton win vs Exeter or something.

Anyway, the point is that (again, from memory) at least 8 times in the journey, he opened and closed the app and clicked on 10+ of these odds buttons, while in conversation with his girlfriend who had put her phone away at the start of the journey.

I vaguely recall him checking his balance at one point too.

Anyway, I thought I'd back up your story by telling one of mine where I watched someone place 50+ bets on a 30 min train journey! It's frighteningly easy (emphasis on "frightening")

Edit: This happened a while back and I remember telling this story to people at the time so the numbers may be off but they're in the ballpark!

Re:Legalizing Sports Gambling Was a Mistake by nytesky on Monday September 30, 2024 @10:36AM (#41697612)
Yeah there is so much gambling discussion on sports show, it’s a complete waste of time to actually hear about sports.