I absolutely HATE sports betting it is a plague and should be banned

I think a big part of it is that the leaders for a lot of these long lasting corporations no longer have any ties to the businesses they operate. They are already the 5th or 6th ceo and presidents in the last however many years. Why would they care to build upon the reputation and legacy of someone else's work when they can just maximize profits and dip?

You see the same thing with sports owners. We have owners who own teams in cities they would never even live in and we really expect them to actually care about the product?

 

Virtual Gambling should be outlawed.

 

OK, NCAA, get on it:

In a letter to NCAA president Charlie Baker, the Big Ten Conference Student-Athlete Issues Commission (SAIC) called for a continued push to limit or outright ban prop bets based on individual college athletes to reduce harassment and protect mental health and game integrity.

The SAIC wrote Tuesday that student-athletes are receiving angry messages, threats or criticism from bettors when wagers lose, including from fans who sit behind the bench "yelling horrible things" and on social media.

A 2025 study of more than 20,000 student-athletes found that 51% of Division I men's basketball players had received social media abuse based on their performance, much of it coming from bettors.

"Prop bets are a direct avenue to the overwhelming number of death threats that student-athletes receive if they 'ruin a parlay' or cause a fan to lose a bet," the letter to Baker states.

Baker has pushed state gambling regulators to ban sportsbooks from offering prop bets on individual college players. More than a dozen states prohibit sportsbooks from offering college props, but still jurisdictions allow them, including on alternate betting platforms such as daily fantasy and sweepstakes sites.

Missouri gaming regulators recently denied a request from the NCAA to eliminate college player props.

The SAIC also expressed concern about prop bets damaging the integrity of the game by creating doubt about a player's performance.

"These athletes are often young and more susceptible to influence, including financial incentives that may encourage them to perform in a certain way or affect specific outcomes," the letter says.

Last year, three Division I basketball players were ruled ineligible for participating in a gambling scheme centered on prop bets on individual statistics.

"While we understand that sports betting is becoming increasingly more common across the country and allows for states to generate increased tax revenue, prop betting represents unique risks at the college level," the SAIC wrote. "We believe protecting student-athletes must be a priority. Limiting or eliminating prop betting on college athletics would be a meaningful step toward reducing harassment, protecting mental well-being, and preserving the integrity of college competition."

https://www.espn.com/espn/betting/s...lie-baker-ncaa-ban-prop-bets-college-athletes

 

Who uses online betting?

That is for suckers.

Use a bookie - they are doing better than they have in nearly 50 years right now.

Guys are getting hooked on sports betting and figuring out that the taxes are insane.

Most big cities have a guy.

Get paid the next day - cash.

 

The gamblers who do microbets and parlays. You can't bet on the outcome of every single pitch or free throw with a bookie. Also unlikely they offer advanced parlays. Stuff like having a parlay where you bet a player scores over a certain amount of points in one NBA game, which team wins in another NBA game, then the starting pitcher gets over a certain amount of strikes for a baseball game, and the total points scored in a soccer match is over or under a certain number.

 

...

 

[Golliver] Angry gambling companies have played a part in Adam Silver’s attempted crackdown on tanking: “If coaches are just not playing guys the entire game and they’re not letting people know in advance… you're going to have a lot of angry gamblers and a lot of angry gambling companies.”

 

“we can’t rig the games as easily, and that makes us angry” - gambling company A

 

https://www.espn.com/nba/story/_/id/48084315/next-gambling-scandal-ensnared-chauncey-billups-nba

 

“We all on Kalshi now” - Yannis & Silver

 

Anyone interested in the massive cultural costs of online sports gambling should listen to season 5 of Michael Lewis’ (Moneyball author) podcast “Against the Rules”. Sports gambling is fraudulent and one of the biggest public health crisis of our time.

 

"Most Polymarket Users Lose Money, While Top 1% Claim 76.5% of Gains, Study Finds"

"A lot of users aren't that good at predicting the future. They're losing money at roughly the same rate as online gamblers betting on sports and other real-life events at traditional sportsbooks, according to the U.K. gambling regulator's analysis of 2024 data. On Polymarket, the odds of making a profit are slightly higher on weather and tech markets — and a little lower on sports...

On Polymarket, just 1,200 people took more than half the profits — $591 million, or more than $100,000 each. ["The top 1% of users capture 76.5% of all trading gains," the researchers write.] When you dabble in prediction markets, you're competing against these sophisticated players who consistently win. Most of those 1,200 big winners didn't place just a few smart bets. They appear to be pros making thousands of trades, mostly in the past year and a half, that were probably automated. One user made $3 million since January on more than a million trades about the Oscars, according to TRM Labs..."