Are we going to bail out our kids who now seem to think gambling is investment?

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s the same story for all of the base vices: gambling, alcohol, drugs, p0rn, even devices and junk food.

Yes anyone can become addicted and ruin their life, but it predominantly impacts the low IQ, mentally ill, victims of childhood abuse, and impulsive/low impulse control.

Liberal/liberatarian social policy benefits cognitive elites on average.

And what sort of moral legislating would you propose society implement to counter these vices? I’m curious.

They already exist.

Alcohol: No one under X age can purchase, Cannot be served while under the influence, cannot operate motor vehicle under the influence, cannot purchase after X time, govt regulations on the alcohol itself (abv%, sizes, where it can be purchased)

Junk food: tons of taxes to make it less appealing, big labels noting if its high in sugar or fat

Think about all the random laws the govt has set out. A lot of these are to protect us from ourselves.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems to me that Gen Z boys love to gamble. What's the reason behind this? Is it because they are not aas hopeful about the future and are hoping for a quick "fortune"?

Yours like to gamble. Don’t stereotype.

Studies say 58% of college aged men are betting online, and that is from 2023. It's likely way higher now. This isn't a one off parenting issue, this is a societal trend.

For a lot of people it’s a hobby where they don’t bet more than they can afford. My husband loves sports and to make it more fun he puts in $20 bets. I don’t think it’s a “new generation” problem. All ages do this betting and all ages will have a small percentage who think they can make money this way and end up losing tons

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems to me that Gen Z boys love to gamble. What's the reason behind this? Is it because they are not aas hopeful about the future and are hoping for a quick "fortune"?

Yours like to gamble. Don’t stereotype.

Studies say 58% of college aged men are betting online, and that is from 2023. It's likely way higher now. This isn't a one off parenting issue, this is a societal trend.

For a lot of people it’s a hobby where they don’t bet more than they can afford. My husband loves sports and to make it more fun he puts in $20 bets. I don’t think it’s a “new generation” problem. All ages do this betting and all ages will have a small percentage who think they can make money this way and end up losing tons

As a major major I always laugh when people gamble. It's fun watching them making sense of odds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems to me that Gen Z boys love to gamble. What's the reason behind this? Is it because they are not aas hopeful about the future and are hoping for a quick "fortune"?

Yours like to gamble. Don’t stereotype.

Studies say 58% of college aged men are betting online, and that is from 2023. It's likely way higher now. This isn't a one off parenting issue, this is a societal trend.

For a lot of people it’s a hobby where they don’t bet more than they can afford. My husband loves sports and to make it more fun he puts in $20 bets. I don’t think it’s a “new generation” problem. All ages do this betting and all ages will have a small percentage who think they can make money this way and end up losing tons

Sure, but it's so much incredibly easier now. It's so much easier to click a few buttons on your phone vs the betting days of yore. You are comparing apples and car washes.

[Anonymous]

Anonymous wrote:
I know right? It was so dumb when we had laws prohibiting murder.

Great MAGA logic there.

[Anonymous]

Anonymous wrote:Where do these boys get the money to gamble? I doubt my son will come home from his part-job where he earns minimum wage and blow his paycheck on gambling.

You don't really believe that, do you? You're like the moms who believe little Jimmy isn't having sex because he's a good boy.

[Anonymous]

Anonymous wrote:
No we can’t. But let’s not pretend this is all about “willpower”. The goal was to make gambling seamless and frictionless - so they could take advantage of every single time a person would be inclined to let their guard down at any point in their day to day life.

Forget hopping on a plane to Vegas or Atlantic City. You don’t even need to get in the car or go call your bookie. You can literally gamble while taking a crap in your home toilet, while nursing your baby to sleep, or laying in bed at 3 am.

I completely agree with you here. This was the true danger of widespread legal gambling in the US, making it basically invisible and hidden. They should have made it legal everywhere while making people travel to facilities to do it.

Couldn't hide from your wife that you were spending all day betting the retirement money on Commanders +7 at the Cowboys or these ridiculous 10-leg parlays. But we all know nothing will be done about this now.

[Anonymous]

It’s absolutely ridiculous that platforms like Robinhood can blend real investments in stocks and bonds with crypto with prediction betting.

And don’t say that buying stocks and bonds are gambling just like predictive markets or NFTs. Just don’t.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
No we can’t. But let’s not pretend this is all about “willpower”. The goal was to make gambling seamless and frictionless - so they could take advantage of every single time a person would be inclined to let their guard down at any point in their day to day life.

Forget hopping on a plane to Vegas or Atlantic City. You don’t even need to get in the car or go call your bookie. You can literally gamble while taking a crap in your home toilet, while nursing your baby to sleep, or laying in bed at 3 am.

I completely agree with you here. This was the true danger of widespread legal gambling in the US, making it basically invisible and hidden. They should have made it legal everywhere while making people travel to facilities to do it.

Couldn't hide from your wife that you were spending all day betting the retirement money on Commanders +7 at the Cowboys or these ridiculous 10-leg parlays. But we all know nothing will be done about this now.

I disagree. Verifed ID laws have pretty much killed the casual online porn market. The states need to raise the online gambling age to 30, demand verified ID before betting, and slap 99% state taxes on all revenues generated within the state (not profits). Regulate them out of business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where do these boys get the money to gamble? I doubt my son will come home from his part-job where he earns minimum wage and blow his paycheck on gambling.

You don't really believe that, do you? You're like the moms who believe little Jimmy isn't having sex because he's a good boy.

I can see his transactions in his checking and savings accounts so I know he isn’t spending his money on gambling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems to me that Gen Z boys love to gamble. What's the reason behind this? Is it because they are not aas hopeful about the future and are hoping for a quick "fortune"?

Yours like to gamble. Don’t stereotype.

Studies say 58% of college aged men are betting online, and that is from 2023. It's likely way higher now. This isn't a one off parenting issue, this is a societal trend.

For a lot of people it’s a hobby where they don’t bet more than they can afford. My husband loves sports and to make it more fun he puts in $20 bets. I don’t think it’s a “new generation” problem. All ages do this betting and all ages will have a small percentage who think they can make money this way and end up losing tons

As a major major I always laugh when people gamble. It's fun watching them making sense of odds.

What? As a major major? What are you doing when people are playing other than laughing? It’s fun for a lot of people. Low money gamblers know the odds and don’t care because they aren’t spending more than they can afford to lose.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where do these boys get the money to gamble? I doubt my son will come home from his part-job where he earns minimum wage and blow his paycheck on gambling.

You don't really believe that, do you? You're like the moms who believe little Jimmy isn't having sex because he's a good boy.

I can see his transactions in his checking and savings accounts so I know he isn’t spending his money on gambling.

You have no idea if that $25 spent at Safeway was chips and soda or a Visa gift card to top off his DraftKings account.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where do these boys get the money to gamble? I doubt my son will come home from his part-job where he earns minimum wage and blow his paycheck on gambling.

You don't really believe that, do you? You're like the moms who believe little Jimmy isn't having sex because he's a good boy.

Actually plenty of us parent and know our kids.
My kid does gamble a bit, but sets limits and never exceeds them. Yes with adhd they know they are vulnerable. But they might use $25 per month at most and when they went to Vegas (or local casinos) they set limits and when casinos gone they are done.

My kid values investing much more than gambling

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems to me that Gen Z boys love to gamble. What's the reason behind this? Is it because they are not aas hopeful about the future and are hoping for a quick "fortune"?

Yours like to gamble. Don’t stereotype.

Studies say 58% of college aged men are betting online, and that is from 2023. It's likely way higher now. This isn't a one off parenting issue, this is a societal trend.

For a lot of people it’s a hobby where they don’t bet more than they can afford. My husband loves sports and to make it more fun he puts in $20 bets. I don’t think it’s a “new generation” problem. All ages do this betting and all ages will have a small percentage who think they can make money this way and end up losing tons

Sure, but it's so much incredibly easier now. It's so much easier to click a few buttons on your phone vs the betting days of yore. You are comparing apples and car washes.

so true! i remember when my DH and I first met in college he would place bets with a bookie. Once he was off his parents generous payroll and had to earn his own money he stopped gambling. Glad he didnt have access to online betting at the time!! would have been too easy to spiral.

[Anonymous]

Anonymous wrote:They’ve been trained to seek the quick dopamine hits

. This. 100% this.