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dutchbookmaker | 1 year ago
The people I know losing money to online sports betting are the same people who thought they were going to become pro online poker grinders 15 years ago.
If you got rid of online sports betting they would go play slots at the casino more and waste their money on the lottery.
If you get rid of all games of chance for money, there is a good % of people who will find a way to squander their savings somehow.
If anything, people I know waste far more money going out to eat than sports betting.
GlacierFox|1 year ago
rcxdude|1 year ago
Secondly, the bookies have a strong incentive to perpetuate this harm: much like with gatcha video games, which have the exact same moral hazard (and are exactly modeled on gambling), the 'whales' who get completely addicted bring in so much more revenue than those who occasionally gamble a little for a bit of fun, that even if they're a minority of customers they can make up the majority of revenue, and so they're going to make more money if they optimize for hooking them (there are some guardrails, to be fair: in contrast to said video games, there is a system where you can ban yourself from all the major bookies if you realize you have a problem. Probably doesn't make the ads any easier to sit through, though).
I'm not in favor of banning gambling altogether: I realise it's something a lot of people can engage with healthily, even if I have no interest in it at all. But I would be in favor of reigning in the advertising of it: it's kind of obnoxious how large a percentage of it is present in sports media anyway, even without the harms done. (I feel the same about alcohol ads, even if that is something I do like, and alcohol has a much lower moral hazard from the manufacturers in terms of hooking in alcoholics, because the ratios are not so extreme)
wavemode|1 year ago
giantg2|1 year ago
It might reduce the number of people who get into in the first place. But more likely and more importantly I would hope that it makes it easier for people who want to recover to not be tempted. I can't image what it would be like for an alcoholic to watch a cold refreshing beer cracked open in the types of party settings they used to enjoy during an ad, or for a gambler to see someone in an ad winning and hear that if you put $1k into an account they'll give you another $1k and other benefits.