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

Anonymous wrote:My DH doesn’t even watch sports

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Anonymous wrote:My DH won 6 figures on one of these apps.

Cool.

How much did he spend?

The vast vast majority that people don't win six figures

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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.

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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.

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Anonymous wrote:Yes. DH put in $250 years ago into whatever app and now does 0.25 bets etc, just for the fun of it but not using impactful money. I told him he could set a $50 monthly limit for example and I wouldn’t mind. I spend more than that on my hobbies each month. But he didn’t want to, thankfully.

Unfortunately, it’s a big thing with HS boys. DS uses some site that uses fake money that can be converted into real money when they turn 18. We talk often about the dangers and that he needs to set limits for himself, non negotiable, so it doesn’t get out of hand. In my mind, internet-based addictions are harder to kick than others because it is almost impossible to avoid.

DH never ever talks about his own betting with kids present.

We shall see but I hope we have put the fear into DS.

Are you insane? You realize you are willingly allowing him to become addicted, right? Whatever this app is, it is targeting children. You also realize that most people don’t realize they have an addiction until it’s too late, right? What the actual heck, woman.

Well, I don’t disagree. But I guarantee that most boys in his grade are doing the same. So, just because you don’t know doesn’t mean it’s not happening. I really did not see a way to stop a 17 year old from doing this. Communication is better. If you have found a way, I’m all ears. This is a responsible kid who isn’t out partying all the time and has a good group of friends. I was not going to take his phone over this. And anyway, I won’t be able to control him in 10 months. I better educate or he definitely will be addicted! I’m sure there are tons of addicted college boys.

You’re an enabling idiot . Your son is an addict

Anonymous wrote:My DH won 6 figures on one of these apps.