What are the political implications of gambling and sports betting being effectively legal now in the USA now with apps like Kalshi?its free market economics right? winners win and losers lose. sports betting is not gambling. there are people who make careers out of it
>>535099024If it makes you feel better, I can pick games to 89% accuracy but as soon as I put a dollar on a game. It flips and out a buck.
I use a deck of playing cards to pick them btw. Red for home, black for away. 89% is casual on any sport on the books
I put money on a "winner" is sports, stocks and the winner tanks. Murphys law is a hell of retarded super power sometimes.
>>535099325>>535100463>>535100558Show your trade history
The political and financial implication is poverty. >t. negative $500k gambling lifetime
>>535099024ESPN is effectively a betting platform already. NFL is next. Within five years all pretense will be dropped. The NFL will merge with or buy BetMGM or some similar platform, and you will place your bets directly with the NFL on every game.
>>535100463This is just bad math, anon. Everyone knows home teams win more than half the time.
>>535101213Yep, when people wonder why all the Las Vegas casino companies are going bankrupt, the fucking hilarious answer is: Disney.
>>535101213>>535101374...and then betting on, or even just watching, Jewish sports leagues becomes an IQ test when Jews own the leagues/networks/gambling sites.
>>535099024This is a cycle. Prepare for the first few waves of fixed games to be brushed under the table, then eventually you will get the feigned shock when it is exposed how deep the corruption is, which will be followed by some degree of legislative backlash, severely limiting or outright banning it again.
>>535099024Only retards bet on 'sports,' which are rigged to begin with (unless you are an insider with inside information). I have zero sympathy for abject morons who lose or waste their money by gambling. In fact, I laugh at them for being stupid. Get fucked, tards.
>>535101195The fuck are you playing?
>>535101213>effectivelyThey had a sportsbook but didnt renew their licensing agreement. If you're trying to make long term profit betting on sports your are FUCKED these days.
>>535099024It’s the death of sports as any real hobby beyond betting, you already saw the politicization of them a decade ago and now the corpse is being paraded around for money Is this surprising? Maybe not, more and more young people don’t care for sports leagues so the leagues are okay with squeezing the boomers and middle aged with betting
>>535099024>sports betting is not gambling. there are people who make careers out of itYou know nothing. No one makes a career out of sports betting aside from a VERY miniscule number of people - billy walters is the only legitimate person I've heard of. If you beat a books closing line enough times, they limit and ban your account. You are no different from a card counter to them. You are NOT ALLOWED to win on sportsbooks. You will have to constantly find new books until you eventually have to hit the underground, illegal betting industry. All books communicate with each other too. If they catch you hedging, you're banned. Chasing steam? Banned.
>>535099325>>535100463this is retarded kek. You need a model that locates a statistical edge ie the book mispriced the bet. All betting lines are just probabilities with house edge built-in. You have to accurately find bets with a higher probability to win than the price you're paying and over the long term, you win. But, this is not even possible because sports books limit and ban winners.
>>535099024It’s been a disaster. You can clearly see that games are becoming more rigged with questionable refereeing decisions
>>535104587I don't bet games, but just watching some games occasionally, I think the best opportunity bets are mid-game bets where you bet for a comeback, when the odds hit nice numbers, then you bet.
>>535104737>when the odds hit nice numbersanon, how do you even know what a good price is without a model? I mean sure, you can notice a pattern such as: whenever a pre-game underdog NHL team heads into the 3rd period down by 2+ goals and then ties the game, you bet on them with momentum with essentially the odds as pregame as the team with momentum late usually ends up winning. The problem is, bets like this are shots in the dark still because I have no probabilities associated that are concrete. The other issue is that sportsbooks will not allow you to win with an edge. If they find you have an edge against them, like a card counter, they will ban you.
>>535104925>underdog NHL team heads into the 3rd period down by 2+ goals and then ties the gameI would bet when they were down 0-2, the odds should be really good like 1:100, just put down $10 and get back 1,000, if 1 out of 20 games hits you are doing good, then again I don't bet
