That money goes to the house, they set the line to make money. That's it.
Restricting it that way will only drive people back to off-shore sites. This is an NCAA/pro league issue. It should be legal for everyone who's not directly involved. Restricting University involvement/advertising fine.
You do know you can use credit cards right? You can have tens of thousands of dollars in debt in a flash
Im more commenting on the targeting of the entire thing. They want you to impulse start (here’s your free bet) and then chase it. Personally I’m not a huge fan of that “promotion” being plastered everywhere when the barrier to entrance is downloading an app and entering your credit card information. It has now become hard to escape seeing it if you follow sports at all which can make it tougher for someone struggling with it to get away from it while enjoying something they love (similarly to the difficulty people with alcoholism have watching some things with the boatload of alcohol advertising seen). I can respect your side as well and it’s fine to have the feeling towards it. I have nothing wrong with it being an option, I however do agree with those that push towards the making it in a restricted setting/place.
These companies don't do all this advertising, lobbying and so on ... because they could make the same amount off shore...
It's not the same companies for the most part. I'm just saying if you restrict it to in person only, no college sports etc. many people will go back to those sites. One of the main purposes of legalization is to keep that $$ in the state.
Because ... keep going with all this. Maybe you'll reach the end
See what I added above. My point is legalize it or don't. Diet legalization accomplishes nothing.Because ... keep going with all this. Maybe you'll reach the end
As well as to make it taxable.
It's called credit, my man. Do some reading on gambling addiction, it's pretty significant worldwide, not just limited to one or two people here and there. There are so many examples of people losing money to the extent that they're applying for lines of credit in their spouse's or other family members' names because they're so far in the hole. "I'm gonna hit on this next bet and all of our problems will go away." It's endemic, I've experienced it within my own family, and it's an addiction in line with heroin or meth in terms of kicking it. It's also heavily normalized compared to drugs because "Hey, everybody does it.They advertise it on TV."
The impact goes far beyond the individual in many, many cases. Families take a financial hit and some individuals hide it so well that it isn't found out for years in some cases. And, unlike a substance abuse addiction, this is super easy to hide.
Agree. I'll be taking the Gophers against the spread in the opener.
Yes they are, and they collect a small fee in doing so. Just like eTrade for stocks, some people make money, some people lose money, but eTrade lives off the commissions.
I'll admit I was unaware of that. So you have a valid point that the debt doesn't go away.
Another good point! I don't have an addiction to it, as I have been happily enjoying sports betting for plenty of years now. But you make a great analogy. I've heard that it's hard for alcoholics sometimes to watch football because of beer commercials and the like, I just never paid much attention since I'm not one. But I can see your point on the enticement part. I wasn't enticed, I just made some bets and was successful and so just kept at it.
Yeah, @upnorthkid kinda showed me the other side. I openly admit I was unaware you can use credit. That is nonsense. Thanks for correcting me. With credit involved, I can totally see how this gets carried away.
Ok, I replied to this post already, but I'd like to preface by saying I thought we were talking about betting on games, like over/under win totals, who wins each week, etc.
“small fee”
It’s like KB saying it wasn’t rape, it was consensual bizarre cheating on my wife! I mean my wife would never do that!!!
Alcoholism is bad too. It doesn't mean prohibition was a good idea.
It would, but I don't think you can do that. We're steadily moving away from a cash and check society and soon credit or debit is all you'll be able to use.
There’s always something worse or similar.
Yes, personally. With every bet I make. For example, in a previous post I mentioned making hundreds of dollars on Vegas casino bets in 2021. I don't remember the exact numbers, so I'll just use $100 as a placeholder. But for the record, each of my bets was probably between $150 and $300, I just don't recall exactly.
I don't spreadsheet it, but I do track overall if I am up or down. (The reason I don't spreadsheet it is because the teams/styles change up so much that I don't value any data from previous seasons.) I was up pretty good early, slowly went into the negative for multiple years, and have been rather successful in the past few years.
If they only allowed debit cards, that would stop the debt, right? You have to have money in your account for the debit card to work, or has that changed too?
He's not talking about the sport's book, or bookies or loan sharks. He's talking about personal borrowing liquidity to gamble.