Do your husbands gamble on sports?

[Anonymous]

Anonymous wrote:My husband bet $20,000 on Ohio State to beat Penn State. It will pay out $21,300.

Lol

[Anonymous]

Anonymous wrote:My husband bet $20,000 on Ohio State to beat Penn State. It will pay out $21,300.

It will pay out $1,300 after you take out your $20,000

[Anonymous]

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Anonymous wrote:Yes, he’s very good at it. He nets $3k - $5k each week.

What a loser you allow it

Allow it? He’s a grown man. He’s won six-figures. After building a large balance across apps he now transfers weekly winnings into a joint account. He’s playing with their money now. I don’t understand gambling, but I understand that our account balance keeps growing. You do you.

This is not true. No one actually makes money from gambling in the long run. The margins taken are too high.

Also anyone actually making $3K-$5K per week consistently gets their max bet capped at a ridiculously low amount by the sportsbook almost immediately. They're not in the business of losing money and there is nothing stopping them from getting rid of the customers they don't want.

More likely is that the husband is only telling the wife about the wins and hiding the losses.

This isn’t necessarily true. Capping is based on several metrics. If you carry a $20,000+ balance on your DraftKings account you could bet it all on an NFL moneyline. Serious gamblers spread their bets across several apps to minimize the risk of capped bets. No app wants to lose a bettor with tens of thousands of dollars in their bank that could be wagered with a click.

You're confusing "$3k-$5K swing per week" with "consistently winning $3K-$5K per week."

If you've got $20K in your account and you're making multiple $1-2K bets, winning some and losing some, you're an app's dream customer because statistically you'll lose a little more than you win but probably not lose enough to make you quit. But that's not "making $3K-$5K consistently," that's having $3k-$5k in wins but slightly more in losses and losing a few hundred or thousand a week over the long term.

If you're profiting $3K-$5K per week consistently, as in withdrawing $3K-$5K in profit every week for multiple weeks, you're getting capped or banned real quick. And that's not something the casual bettor can even do, which is why there's virtually no chance this guy is actually winning $3K-$5K per week and is almost certainly lying to his wife. The only way to consistently win large sums week after week is wagering huge sums on arbitrage betting, (which will definitely get you capped or banned) to have inside info, (which hubby definitely doesn't have) or to have Sam Rothstein-level aptitude and spend hours a day making spreadsheets, which will also get you capped or banned eventually, it'll just take them a little longer to catch on.

I know lots of people that do well betting and nobody has gotten capped. DraftKings isn’t worried about 5 k a week as they are making millions a month.

You know lots of people who *say* they do well, and apparently you're as gullible as that dude's wife.

$3-5K profit per week is ~$200,000 per year. If it were actually possible for a casual bettor to consistently clear $200K a year nobody would be working actual jobs and DraftKings would be out of business. People like you are exactly the suckers sportsbooks rely on. Nobody beats the house long term.

[Anonymous]

Anonymous wrote:I just asked DH about this. He said probably 60% of all the adult guys he knows are on some platform at some level. And when I asked about men who follow sports, he said he knows no one who does not do it regularly.

Just saying…some of your husbands and sons are betting and you don’t know about it.

Your husband says 40% are not, but apparently he doesn't know any of those people? Sounds super believable. Are a lot of people using them? Yes. Is everyone, including people who follow sports? Of course not. IS everyone doing it regularly? Of course not.

[Anonymous]

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Anonymous wrote:This thread has hit the rails. Some people seriously being triggered here.

Seriously! These people must have some crazy messed up family members.

Do you have any concept of how many people F up their lives (and they families) due to alcohol/drugs and/or gambling addictions?

Do you have any concept of how many people don’t?

Apparently 60% of gambling revenue is generated by people gambling at "harmful" levels. So the majority of gambling profits are literally coming from childrens mouths. I'm all for responsible gambling, I like a trip to vegas myself. But these apps are targeting young people and makes it too easy to keep losing money and barely noticing. It's a big issue, and a scourge on society right now IMO. There are 16 year olds growing up thinking this is play money, and the wins outweigh the losses and who don't know how to play responsibly - because it's all been made into a game. They are going to get a very harsh wake up call and I'm nervous for what the future brings for them.

[Anonymous]

My husband bets small amounts (less than $50 total) most weeks on a single sport that he knows well and for which he conducts research and modeling.

Is he an addict? Because to me, it sounds more like a hobby, and in inexpensive one at that.

FWIW, in the 4 years since it became legal, between winning bets and maximizing the bonuses/promotional offers that apps offer, he is up more than $1,000 (he tracks his bets meticulously and willingly shares the spreadsheets with me).

[Anonymous]

Anonymous wrote:My husband bets small amounts (less than $50 total) most weeks on a single sport that he knows well and for which he conducts research and modeling.

Is he an addict? Because to me, it sounds more like a hobby, and in inexpensive one at that.

FWIW, in the 4 years since it became legal, between winning bets and maximizing the bonuses/promotional offers that apps offer, he is up more than $1,000 (he tracks his bets meticulously and willingly shares the spreadsheets with me).

Is getting a $5 coffee every day an addiction? Technically it probably is. But if a daily coffee brings you joy and doesn't impact the rest of your life, is it ok? YMMV here. Not everyone is able to stop at $50 total and chase the high.

[Anonymous]

Anonymous wrote:No. Thank heavens. He doesn't gamble at all and won't even buy a lottery ticket because he considers it a total waste of money given the odds.

Forget the odds, it’s a rigged system so CIA et al can fund their black ops. I pity the fools who play lottery.

[Anonymous]

[list]

Anonymous wrote:My husband bets small amounts (less than $50 total) most weeks on a single sport that he knows well and for which he conducts research and modeling.

Is he an addict? Because to me, it sounds more like a hobby, and in inexpensive one at that.

FWIW, in the 4 years since it became legal, between winning bets and maximizing the bonuses/promotional offers that apps offer, he is up more than $1,000 (he tracks his bets meticulously and willingly shares the spreadsheets with me).

Wow that loser spends all that time to net 1k. What a hero

[Anonymous]

Anonymous wrote:

Anonymous wrote:Apparently it’s a huge problem, especially with younger men and even college age. How widespread is this?

No
But it is very popular with the MAGA crowd.

My BIL and his buddies and their 20 somethings in college. My sister is now in debt because of this shit. Their son and his BF need gambling anonymous and rehab.

It’s popular everywhere, don’t try to stereotype it.

My husband loves football and does that popular site, I forget the name. He does $5 or $10 bets for fun. He has max $150 in the site account.

He did one bet for me even though I don’t watch sports. I said $50 for Patriots win by 6.5 points. Way more than he ever bets but I won $95 dollars. But I lost interest after that. I feel bad for compulsive gamblers but most people gamble what they can afford.

[Anonymous]

Anonymous wrote:[list]

Anonymous wrote:My husband bets small amounts (less than $50 total) most weeks on a single sport that he knows well and for which he conducts research and modeling.

Is he an addict? Because to me, it sounds more like a hobby, and in inexpensive one at that.

FWIW, in the 4 years since it became legal, between winning bets and maximizing the bonuses/promotional offers that apps offer, he is up more than $1,000 (he tracks his bets meticulously and willingly shares the spreadsheets with me).

Wow that loser spends all that time to net 1k. What a hero

It’s a hobby you complete moron. Its gives watching the game a little more fun.

[Anonymous]

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Anonymous wrote:This thread has hit the rails. Some people seriously being triggered here.

Seriously! These people must have some crazy messed up family members.

Do you have any concept of how many people F up their lives (and they families) due to alcohol/drugs and/or gambling addictions?

Do you have any concept of how many people don’t?

Apparently 60% of gambling revenue is generated by people gambling at "harmful" levels. So the majority of gambling profits are literally coming from childrens mouths. I'm all for responsible gambling, I like a trip to vegas myself. But these apps are targeting young people and makes it too easy to keep losing money and barely noticing. It's a big issue, and a scourge on society right now IMO. There are 16 year olds growing up thinking this is play money, and the wins outweigh the losses and who don't know how to play responsibly - because it's all been made into a game. They are going to get a very harsh wake up call and I'm nervous for what the future brings for them.

80 percent of the money DraftKings makes is people playing parlay bets, which are long shot bets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:[list]

Anonymous wrote:My husband bets small amounts (less than $50 total) most weeks on a single sport that he knows well and for which he conducts research and modeling.

Is he an addict? Because to me, it sounds more like a hobby, and in inexpensive one at that.

FWIW, in the 4 years since it became legal, between winning bets and maximizing the bonuses/promotional offers that apps offer, he is up more than $1,000 (he tracks his bets meticulously and willingly shares the spreadsheets with me).

Wow that loser spends all that time to net 1k. What a hero

It’s a hobby you complete moron. Its gives watching the game a little more fun.

Plus 1

[Anonymous]

Anonymous wrote:Yes. All the time but super small bets.
He keeps $200 in his account and works that.
When we cross state lines he can’t bet and is disappointed.

That is actually distressing; he's jonesing for his fix or that first beer. The fact he even notices that he “can’t bet”, when you are doing something else entirely since you left the state, AND voices it to you?

[Anonymous]

Anonymous wrote:My husband bets small amounts (less than $50 total) most weeks on a single sport that he knows well and for which he conducts research and modeling.

Is he an addict? Because to me, it sounds more like a hobby, and in inexpensive one at that.

FWIW, in the 4 years since it became legal, between winning bets and maximizing the bonuses/promotional offers that apps offer, he is up more than $1,000 (he tracks his bets meticulously and willingly shares the spreadsheets with me).

I guess there are worse hobbies (hello DCUM!) but it’s a level of mental investment that could become problematic.

Do you have access to all the accounts, his credit report, etc?