top | item 37137165

(no title)

speedyapoc | 2 years ago

The advent of sports betting has become so fatiguing. It's impossible to watch a football game without back to back to back betting commercials. Announcers pre-game talking about odds, over-unders, etc. I can't help but feel like the chickens are going to come home to roost.

I've had a bunch of friends that went from never gambling to spending a few hundred dollars per Sunday placing random bets. All destined to lose eventually due to the insane 10-15% vig (ie. a coin flip is priced at -110 or -115).

The few friends (sharps) that I had that were able to earn a profit over a large enough sample were all eventually backed off by the major sports betting sites. One site backed off a large long term winner in order to "protect the player against creating a compulsive habit or addiction". It's literally a racket. You can't win long term. You can only lose.

discuss

order

fullshark|2 years ago

> The few friends (sharps) that I had that were able to earn a profit over a large enough sample were all eventually backed off by the major sports betting sites. One site backed off a large long term winner in order to "protect the player against creating a compulsive habit or addiction". It's literally a racket. You can't win long term. You can only lose.

That's incredible, so these sites track gamblers and figure out which ones actually know what they are doing and then refuse their bets?

speedyapoc|2 years ago

Oh 100%. Some of them have banned their accounts while others cap them to a $1 max bet. It’s insane.