Dustin Gouker at The Closing Line (closingline@substack.com) has pretty good coverage of what is going on. Senator Mike Lee and others are working to get more info and investigation out there.
Dustin Gouker at The Closing Line (closingline@substack.com) has pretty good coverage of what is going on. Senator Mike Lee and others are working to get more info and investigation out there.
It's basically the convergence of two industries that rely (prey?) on addiction psychology. Obviously, that's always been a part of gambling, but app designers have been using the same psychology that drives slot machines to create addiction to their platform to maximize engagement for years now. The algorithms are not designed to try and deliver what content you will most enjoy. They are built to deliver whatever content will make you keep using the app. The whole ecosystem is built on addiction.
There is no doubt they are just translating what they've learned from mining data to cultivate addition and baking it into all of this. I'm in no way some fundamentalist against gambling, and I do it on occasion myself, but it's not hard to see how this model will just compound the negative effects for many many gamblers. I don't know how many more lives will be negatively affected by it, but I do know it won't be less.
^
Don't forget sports are hugely addicting in themselves, so throw that in as a massive multiplier. 97 of the top 100 highest-rated TV shows in the last year were football games.
As previously stated, you already have 50 million Americans playing fantasy sports and they all have accounts on these betting sites. They are being converted to direct sports betting at a very high rate.
And it was those fantasy sites (now full-blown online casinos) who lobbied to change the federal ban on sports betting and thus first allowing fantasy sports, now direct sports books, always with this strategy in mind.
The big boys have been working this long game for over 10 years and now everyone is just walking off the cliff.
One of my FF teams is on Sleeper... they show me prop bets I can make on their betting site on my own players!
I guess I didn't realize you can use a credit card to add funds to these sites. That's actually insane.
I won't name names but I've been following the plight of a pretty shady dude, and through BK he just completely discharged $400,000 (!!!) in credit card debt.
The first question is: How does someone get that much credit? And as it turns out it's pretty easy if you just continue to make minimum payments over time. There were like 40 different credit accounts, and that $400K doesn't include car loans and business loans.
Even in the handful of states with CC restrictions for online gambling it's easy circumvented by either taking cash advances or using a VPN or mule to gamble in states with less strict laws.
I guess I should really be really thankful I'm in control of my addictions. Because yes, sports in general is addictive. Over the past many years I've spent countless hours studying the science of baseball and football. Like what FB offensive schemes will line up and run what plays out of that formation. Or use that formation to fake out the defense. And how the defenses line up and check off to try and outguess the offense.
Same with baseball strategy.
Also with assessing betting spreads and O/U predictions. But I can study betting stuff and only actually bet a little bit on a few things I'm pretty sure of. I never win much but I never lose much. I break pretty close to even and have fun. Never ever have I had any urge to go crazy betting.
The Supreme Court case came from a lobbying movement.
The sports betting lobby funneled millions into getting a sports betting referendum onto the ballot in NJ, and when it passed by 2/3rd, then Governor Chris Christie had to cave and enact a law allowing sports betting. Then, it went to the Supreme Court which struck down the federal ban which had been authored by Bill Bradley.
And then the lobby went to work in every state, resulting in 38 of them passing pro sports betting laws.
And the reason the lobby had so much money is because Fan Duel and Draft Kings had already lobbied some states (starting with Kansas because it was easiest) to allow daily fantasy sports, which is full-out sports gambling that they managed to convince legislatures were just games of skill. Once they got rich from this, they turned their efforts to full-on sports gambling legalization and here we are today.
https://www.pushkin.fm/podcasts/agai...den-state#play
You people must not realize that you can use a credit card at the casinos in this state. Not just a cash advance, but you can "purchase gaming tickets" for up to $5k (with $100s in casino fees). I don't think you can sit there and paint sports gambling as the bad boogey man, without looking at the harm of Indian casinos (specifically slots).
In the first 3 minutes of game time between the Chiefs and Browns, I've seen FIVE sports betting commercials.
Yes, the commercials, plus all the betting talk during the pregame shows, plus all the betting info being shown as part of the sports ticker, plus all the digital betting ads during the game play, etc. I used to have to look up the betting line in the back of the sports section if I was curious. Now it's as common info as the team's place in the standings.
As a non-gamble, it's annoying as hell and does not encourage me to watch any of the non-essential parts of sports programming, like pregame shows. Seems like they solely focus on betting and any info offered is to influence betting.
I'm far from being the spokesperson for morality, but I would not be opposed to making gambling and alcohol advertisements illegal.
Alcoholism and gambling addiction are serious problems. And sadly they can go hand and hand. Drink a few beers, become brave, and bet $100 on the Cleveland Browns.
If you're inclined to do such you're likely to do it advertising or not. Just like I, admittedly, get more brazen on here after a couple beers than I normally would be. Or should be. And advertising has nothing to do with it. Way to many of peoples faults get blamed on outside sources when the fault is the person.
We can't blame advertisers for people's lack of self-responsibility... but gone are the days of holding people accountable for their actions.
Now we have the Mannings promoting sports betting... How much attention and money does Peyton Manning need, for crying out loud? Is there anything he won't do?
Also, you can already see how the promos focus heavily on parlays/compound bets. It's because a parlay is statistically about the worst bet you can place, which also makes them the most profitable for advertisers. But look how fun it is and how easy it is to win! Famous athletes and comedians say so!
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