How the Sports Betting Industry Quietly Consumed America
Video Overview & Insights
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Any professional sports its not a normal sport anymore
Now its just show business aka entertainment
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this is ultimately an education problem
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I wonder what the hidden agenda of the craters of this post is actually. Sports betting is âparimutuel.â Meaning there are two sides to every last bet ever placed in a sports book. Itâs correct that half are going to lose, but why do they never mention the other half that wins? Casinos and sports books only makes money on the vig or commission.
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Writing by Sam Denby and Tristan Purdy
Is it not a skill issue? Isnât this like financial natural selection? I guarantee that people watching this video arenât gambling their life savings.. I know lotteryâs help pay for college in my state so if these things are just super heavily taxed, can it be an overall benefit to society?
Editing by Alexander Williard
Animation led by Josh Sherrington
I think you miss the scariest part..
They manage to generate interest in the ladies.
Do you know how many women are co-calling and promoting gambling websites?
Guess the easiest way to earn money now is be a pawn star, be a scammer, be a gambling agent..
Sound by Graham Haerther
Thumbnail by Simon Buckmaster
Politicians are still being bribed eh? Something the FBI should probably check out.
References
[1] https://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?article=1615&context=thesesdissertations
Illegal until profitable.
[2] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7704449/pdf/fpsyt-11-593789.pdf
[3] https://news.bloombergtax.com/daily-tax-report/fanduel-draftkings-save-millions-on-taxes-thanks-to-free-play
It blows my mind that we continue to blame other people for the problems we crate for ourselves. When will people start having some personal responsibility?
[4] https://aifs.gov.au/research/research-snapshots/weighing-odds-sports-betting-and-young-men
[5] http://www.biakelsey.com/wp-content/uploads/BIA-Nielsen-OnlineGamblingApril21-21.pdf
Pretty soon we will have scandals of people fixing games.
[6] https://www.washingtonpost.com/world/2022/04/26/australia-gambling-addiction/
[7] https://www.economist.com/graphic-detail/2014/02/03/the-house-wins
Never gamble I started out it as a fun as I saw my friend betting small amount on betting app with out caring much about the bet or match as he was only investing small amount I got influenced by that and started betting on games I have lost 12000 money which is only 60-70 dollars but in my country it's a good money moreover I did made good money as well but the app would always reject my withdrawal so ya it's a scam especially 1xbet and all other major betting apps they can even scam you through their cash agents even before you stepp into betting so never gamble
[8] https://responsiblegambling.vic.gov.au/about-us/news-and-media/counting-the-cost-of-pokies/
[9] https://theconversation.com/who-wins-from-big-gambling-in-australia-22930
I like this video
[10] https://www.smh.com.au/politics/nsw/gambling-capital-of-australia-six-charts-that-show-the-scale-of-poker-machine-use-in-nsw-20221104-p5bvlk.html [11] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7704449/#B10
[12] https://www.nytimes.com/interactive/2015/10/15/us/sports-betting-daily-fantasy-games-fanduel-draftkings.html
I feel like I blinked and suddenly there were sports betting ads all around me. It happened so fast! Here I thought it was just cause of the recession
[13] https://www.bettingusa.com/laws/paspa/#:~:text=The%20first%20real%20challenge%20to,at%20local%20racetracks%20and%20casinos
[14] https://www.forbes.com/sites/darrenheitner/2015/09/20/an-abbreviated-history-of-fanduel-and-draftkings/?sh=62dd98e87564
"Poker isn't skill based, durr" - Bush and his bullsh*t bill
[15] https://www.espn.com/chalk/story/_/id/24310393/gambling-how-media-daily-fantasy-new-thinking-us-pro-sports-commissioners-helped-sports-betting-become-accepted
[16] https://www.crunchbase.com/organization/fanduel
Wow haram
[17] https://www.wired.com/2015/10/daily-fantasy-sports-scandal-fanduel-draftkings/
the worst thing that will happen to a gambler is to Win because that's when the downfall will start
More User Perspectives
If your a true sports fan don't gamble, cheer for your team that represents where you live.
If you do sports betting you are a fake fan and have no loyalty.
No offense but if you're a gambler you deserve to lose your money because you're acting like an idiot
@Doggieman1111Legend has it that the founder of FedEx when the company was close to bankruptcy, went to Vegas and gambled $5K at a casino to keep the company afloat đ and his wager was worth it because FedEx exists today
@epicrodtezla3228Australiaâs gambling problem is crazy, when you turn 18 the first question people ask you is âhave you been to the pokies yet?â, every pub is full of poker machines, the people I work with will have their phone open to a virtual slots game or sports betting while theyâre driving the fecking forklift..(then they complain they have no money and itâs like my brother in Christ you make 200k a year, stop gambling and youâll be fucking rich)
@bubblebaath7840Just saying - Gambling historically was a tactic used to subjugate populations by basically putting them into debt and justifying measures to "rescue" them, which equals getting what the subjugators want.
@blooeagle5118As someone who was sport betting before fantasy, I donât get into fantasy whatsoever
@69TheGGlol all this lobbying and they just give u that fvckqss gambling addicting phone # on TV occasionally. 'Murica
@piro9384Informative video! This slot game is awesome and Iâve cashed out quickly. Told my familyâeveryone should give it a spin!
@LituRoul-q5vIn Las vegas, the casinos may largely be centralized in certain areas, but the availability of gambling is ubiquitous. Just about every gas station, supermarket and the majority of bars have slot machines or poker machines available.
@SciPhiFoxI got really into betting 2 or 3 years ago. I looked back at my stats at the end of the year, I had spent 8 thousands dollars and was âupâ by about 300 dollars overall. So i had the potential to really lose a lot of money. It was a little bit of an eye opener. I still bet now but small amounts. Last year I had bet over the whole year just 500 dollars (and I was down like 250!!!!)
So it just goes to show ya, you probably should be betting more
Mostly dumb men. Just work
@LiberalLivingjust a country of gamblers chasing their lossesđđ
@johndang887Great video, but I will disagree that regulators are underfunded. That is an excuse all governmental agencies use to explain why they are not effective doing their jobs. I worked in a government agency and underfunding was the least of the reasons why the my agency was not effective.
@TheInfinitymathA few years on from when this was released we see what's going on in the US and Canada with igaming. Up here it's provincial governments. Another form of taxation.
@andrewbleackley1832I've never liked gambling, but I was never moralistic about it. But the recent sports betting craze makes my blood boil. The obnoxious, odious ads are bad enough but the way they trap people in a cycle of addiction is simply evil. The people involved in this need to be stopped!
@lozoft9READ IT. LEARNI IT. LIVE IT!!!
@garyphillips4535These companies are evil. The identify and target problem and compulsive gamblers. At the same time they ban or fixed bet winners to $5. Lives are destroyed !
@christopherhaines7396Everyone needs to remember that any gambling will end in a loss for most people in the long run. The only thing that you can win on at the casino is against other players by playing poker. Texas Holdem, PLO, or any other game against a player can be won. you need to be good and need to study the game but they can be profitable compared to everything else such as sports betting, blackjack, slots, craps, roulette, any game you can think of where your playing the house.
@Killdroid96Biggest ripoff in history gambling.
@heekomogwingambling is not the answer.....
@ScoochpoochAJIt's absolutely mind blowing to me that politicians receiving gifts from corporations is not considered grounds for dismissal and criminal prosecution. That is the biggest factor compromising democracy in the modern day. Why do we accept it?
@AllisonMurphy-y7wAmerica, where the only real deity is profit.
@gamingweasel4633Here is a way to a successful life: don't smoke, don't drink, and don't gamble.
@MartinJefferies-j1dSports betting is a lot safer than casino when you are contented with consistent low-risk, low reward payouts ⤠I'm talking $1-$10 a day as a student
@zandrewmorano10That doesn't surprise me that Australians are gamblers I mean look at where they live everywhere you go down under there's something that wants or can kill you at any given moment
@MrBentheretwoThe profile of the man at 11:36 wearing the "I'm Joe the Plumber" t-shirt looks uncannily like the actual "Joe the Plumber" from the 2008 U.S presidential election.
@renthead24The real reason Gambling addicts can't walk away from the table is that losing is a FAR bigger rush than winning. They go in EXPECTING to win so being up at the table is no big deal. Losing the mortgage money on the other hand releases a massive hit of dopamine and endorphins. Butterflies in the stomach type rush...It's a negative rush, but the brain can't tell the difference. They THINK they are there to win, but will almost always stay until disaster.
@G45H3Rplaying slots is one of the worst things someone can do. You gamble to win, and you win by being an advantage player, and slots is one of worst choices
@albertwang6465It's all bull New York gets like a 40% of the cut whereas KS gets 10% of the cut. They make it very difficult to stop betting with the way they keep pestering clients to bet the system is broking it needs to be like lotteries where the states or federal make the rules
@MrBentheretwoGreat businesses for weakening an entire society- USA is doing great!
Tobacco industry, Alcohol industry, Fast food / ultra-processed food industry, Pharmaceuticals (in cases of overprescription or unethical marketing), Sugary beverage industry, Payday loan / predatory lending, Gambling (casinos, online betting, lotteries), Multi-level marketing (MLMs), For-profit education or diploma mills, Pornography industry, Social media companies (in some cases), Dating apps (when profit is driven by user engagement, not success), Firearms industry, Influencer marketing / get-rich-quick schemes, Cosmetic surgery / beauty products industry.
All this tells me is I should peddle gambling legally to my fellow Americans and become uber richđĽ˛
@Jx_studKeep fighting the good fight
@iib912314:50 While Las Vegas separates most of its hotel/casinos to downtown or the strip, almost every grocery store, gas station, and bar have slot machines in them
@nelsodadon