MrV
MrV
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December 1st, 2023 at 9:16:13 AM permalink
youth gambling: a growing problem

Kids these days...gambling like maniacs.
"What, me worry?"
SOOPOO
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rainman
December 1st, 2023 at 9:24:10 AM permalink
Quote: MrV

youth gambling: a growing problem

Kids these days...gambling like maniacs.
link to original post



Kids drinking…
Kids in gangs…
Kids in prostitition…
Kids driving recklessly…
Kids abusing drugs….
Kids smoking cigarettes…

If a problem exists for adults, it exists for kids.

In the 1960’s and 70’s these problems existed…. just no internet to read about them….
EvenBob
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smoothgrh
December 1st, 2023 at 10:21:02 AM permalink
Reminds me of the song You Got Trouble from the Broadway play Music Man. It was written in the 1940s and it was about the era of 1910. The song lists all the ways the younger generation was going to hell in 1910. Every generation thinks the next generation is going to hell, even Socrates talked about it. Every generation thinks we're doomed because the next generation is completely incompetent.



Listening to the lyrics he talks about an empty cistern on a Saturday night. I actually have a cistern in my house in the basement because my house was built in 1850. It collected rainwater and people used it to do laundry and to take baths on Saturday night.
"It's not called gambling if the math is on your side."
TheCapitalShip
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December 1st, 2023 at 10:50:14 AM permalink
When the article said "kids" I was thinking 16 and below, not early 20s, though I guess I can't talk now can I? I'm in this age group after all.

I can't relate to sports betting though, I've never downloaded a sports betting app, something about placing a bet on something I know nothing about just doesn't really draw me.
lilredrooster
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December 1st, 2023 at 11:05:22 AM permalink
.
there is all sorts of negativity associated with gambling - and not just with kids -
per the National Council on Problem Gambling the risk of addiction increased by 30% in just 3 years due to the widespread expansion of legal gambling
they estimate that $16 billion was bet on last year's Super Bowl - more than twice that of the previous year

but you would never guess that from reading the vast majority of posts on this forum

my story - after making some decent $ on BJ I lost a tiny amount betting horses and won a tiny amount betting sports
not a disaster - I just wasted a lot of time - got wired and stressed out about the ups and downs of it for nothing - if I didn't win it hurt my pride

I wish I had made better use of my time

I'm now completely done with gambling. I haven't made a bet in months. it makes me feel good, like that old song by the rock group Cream - "I feel free." I like posting here about some other stuff. I do like tracking angles in sports betting even though if I find a profitable angle I won't make any bets - I will just report it

very, very few negative stories are told here - because they haven't happened_____?______or because many don't want to tell the true story______?


https://money.com/gambling-addiction-all-time-high/#:~:text=After%20that%20ruling%2C%20NCPG%20estimates,30%25%20in%20just%20three%20years.

.
Last edited by: lilredrooster on Dec 1, 2023
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
SOOPOO
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December 1st, 2023 at 11:24:06 AM permalink
Quote: lilredrooster

.
there is all sorts of negativity associated with gambling - and not just with kids -
per the National Council on Problem Gambling the risk of addiction increased by 30% in just 3 years due to the widespread expansion of legal gambling
they estimate that $16 billion was bet on last year's Super Bowl - more than twice that of the previous year

but you would never guess that from reading the vast majority of posts on this forum

my story - after making some decent $ on BJ I lost a tiny amount betting horses and won a tiny amount betting sports
not a disaster - I just wasted a lot of time - got wired and stressed out about the ups and downs of it for nothing - if I didn't win it hurt my pride

I wish I had made better use of my time

very, very few negative stories are told here - because they haven't happened_____?______or because many don't want to tell the true story______?


https://money.com/gambling-addiction-all-time-high/#:~:text=After%20that%20ruling%2C%20NCPG%20estimates,30%25%20in%20just%20three%20years.

.

.
link to original post



You just don’t get it. It’s been explained to you REPEATEDLY. This is not a random accumulation of people discussing gambling and sports betting! This is a group of APs or at least wannabe APs.

My winning story is NOT about me trying to beat the books by guessing if the Sabres will be better than the Predators tonight. It’s about using whatever offer is available. And if there isn’t a good one I’m not getting on the game! I can assure you, if I just tried to Pick the winner I’d not hit above 50% over time.

OF COURSE THE VAST MAJORITY of sports gamblers will lose! NO ONE here is saying otherwise!

I have no way to tell how many people ‘are like me’. Probably only a percent or two.

Gotta go now. Hoping for Las Palmas to win via shutout.
lilredrooster
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December 1st, 2023 at 11:30:06 AM permalink
Quote: SOOPOO

Quote: lilredrooster

.
there is all sorts of negativity associated with gambling - and not just with kids -
per the National Council on Problem Gambling the risk of addiction increased by 30% in just 3 years due to the widespread expansion of legal gambling
they estimate that $16 billion was bet on last year's Super Bowl - more than twice that of the previous year

but you would never guess that from reading the vast majority of posts on this forum

my story - after making some decent $ on BJ I lost a tiny amount betting horses and won a tiny amount betting sports
not a disaster - I just wasted a lot of time - got wired and stressed out about the ups and downs of it for nothing - if I didn't win it hurt my pride

I wish I had made better use of my time

very, very few negative stories are told here - because they haven't happened_____?______or because many don't want to tell the true story______?


https://money.com/gambling-addiction-all-time-high/#:~:text=After%20that%20ruling%2C%20NCPG%20estimates,30%25%20in%20just%20three%20years.

.

.
link to original post


You just don’t get it. It’s been explained to you REPEATEDLY. This is not a random accumulation of people discussing gambling and sports betting! This is a group of APs or at least wannabe APs.


it's not that I don't get it - it's just that I don't believe your explanation
I do believe you are winning with your sports betting strategy
but I don't believe everything is coming up roses here because so many here are APs or wannabee APs
I believe that many negative stories are not being told
you need to stop pretending like you're an expert on the subject
you're not
neither am I - but I have a right to my opinion without being belittled by a wannabee expert such as yourself

.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
SOOPOO
SOOPOO
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December 1st, 2023 at 11:43:51 AM permalink
Quote: lilredrooster

Quote: SOOPOO

Quote: lilredrooster

.
there is all sorts of negativity associated with gambling - and not just with kids -
per the National Council on Problem Gambling the risk of addiction increased by 30% in just 3 years due to the widespread expansion of legal gambling
they estimate that $16 billion was bet on last year's Super Bowl - more than twice that of the previous year

but you would never guess that from reading the vast majority of posts on this forum

my story - after making some decent $ on BJ I lost a tiny amount betting horses and won a tiny amount betting sports
not a disaster - I just wasted a lot of time - got wired and stressed out about the ups and downs of it for nothing - if I didn't win it hurt my pride

I wish I had made better use of my time

very, very few negative stories are told here - because they haven't happened_____?______or because many don't want to tell the true story______?


https://money.com/gambling-addiction-all-time-high/#:~:text=After%20that%20ruling%2C%20NCPG%20estimates,30%25%20in%20just%20three%20years.

.

.
link to original post


You just don’t get it. It’s been explained to you REPEATEDLY. This is not a random accumulation of people discussing gambling and sports betting! This is a group of APs or at least wannabe APs.


it's not that I don't get it - it's just that I don't believe your explanation
I do believe you are winning with your sports betting strategy
but I don't believe everything is coming up roses here because so many here are APs or wannabee APs
I believe that many negative stories are not being told
you need to stop pretending like you're an expert on the subject
you're not
neither am I - but I have a right to my opinion without being belittled by a wannabee expert such as yourself

.
link to original post



I’m just telling you that there are some of us here that are easily making some $$ on sports betting. It has little to do with what the general public does. And of course I wouldn’t be surprised if there are members here losing $$$$$$ on sports betting. We had one within the last year or two (don’t remember name? Maybe mwalz?) who told their sad story.
MrV
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December 1st, 2023 at 11:47:13 AM permalink
Quote: lilredrooster

I wish I had made better use of my time. very, very few negative stories are told here - because they haven't happened_____?______or because many don't want to tell the true story______



As a recreational gambler I expect to lose in the long run, and I have: but that hasn't discouraged me from gambllng.

My life time loss is a tad over $60K, and that's fine with me: spread it out over almost thirty years and hey, quite manageable.

I still enjoy it, I can easily afford it, and I have enough discipline to avoid going on tilt.

Properly approached, gambling is a "neutral" thing, it could be good or bad, depending on the individual.
Last edited by: MrV on Dec 1, 2023
"What, me worry?"
lilredrooster
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December 1st, 2023 at 11:59:51 AM permalink
Quote: MrV


Properly approached, gambling is a "neutral" thing, it could be good or bad, depending on the individual.
link to original post


the kid gambling problem that you pointed out in your OP was caused by adults
it is adults who are promoting gambling all over the airwaves
and gullible and foolish adults who are buying the nonsensical dream that they have a great chance to be big winners
not you personally, but many others
it is adults who are making the whole deal of it sound like it's the greatest thing since sliced bread

.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
darkoz
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December 1st, 2023 at 12:55:21 PM permalink
Quote: lilredrooster

Quote: SOOPOO

Quote: lilredrooster

.
there is all sorts of negativity associated with gambling - and not just with kids -
per the National Council on Problem Gambling the risk of addiction increased by 30% in just 3 years due to the widespread expansion of legal gambling
they estimate that $16 billion was bet on last year's Super Bowl - more than twice that of the previous year

but you would never guess that from reading the vast majority of posts on this forum

my story - after making some decent $ on BJ I lost a tiny amount betting horses and won a tiny amount betting sports
not a disaster - I just wasted a lot of time - got wired and stressed out about the ups and downs of it for nothing - if I didn't win it hurt my pride

I wish I had made better use of my time

very, very few negative stories are told here - because they haven't happened_____?______or because many don't want to tell the true story______?


https://money.com/gambling-addiction-all-time-high/#:~:text=After%20that%20ruling%2C%20NCPG%20estimates,30%25%20in%20just%20three%20years.

.

.
link to original post


You just don’t get it. It’s been explained to you REPEATEDLY. This is not a random accumulation of people discussing gambling and sports betting! This is a group of APs or at least wannabe APs.


it's not that I don't get it - it's just that I don't believe your explanation
I do believe you are winning with your sports betting strategy
but I don't believe everything is coming up roses here because so many here are APs or wannabee APs
I believe that many negative stories are not being told
you need to stop pretending like you're an expert on the subject
you're not
neither am I - but I have a right to my opinion without being belittled by a wannabee expert such as yourself

.
link to original post



I have tried to keep it real by posting the trials and tribulations that have affected my AP. The other AP's feel that's too much info.

However even with all the myriad problems I still make a lot of money. It's just I would have made or retained a lot more.

Casinos turning off player cards, changing formulas, covid shutdowns, lawsuits, robberies etc. I wouldn't say I have reported all roses the last decade.

As for the article these are young adults. Shame on whoever calls 21 plus kids. I have met old people who know a lot less than the younger generation.
For Whom the bus tolls; The bus tolls for thee
EvenBob
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December 1st, 2023 at 1:09:47 PM permalink
Quote: darkoz



As for the article these are young adults. Shame on whoever calls 21 plus kids. I have met old people who know a lot less than the younger generation.
link to original post



But that's always true. My grandparents in the 1960s were oblivious to what was going on in politics or with the whole hippie thing. But my grandpa could fix a car just by listening to it run and know what was wrong with it. My grandma could cook anything from scratch and make a good meal out of it. Or get on a sewing machine and make an entire dress in an hour. Every generation always has its skills that the other generation is very bad at.
"It's not called gambling if the math is on your side."
Mental
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December 1st, 2023 at 1:30:00 PM permalink
Quote: lilredrooster

.
there is all sorts of negativity associated with gambling - and not just with kids -
per the National Council on Problem Gambling the risk of addiction increased by 30% in just 3 years due to the widespread expansion of legal gambling
they estimate that $16 billion was bet on last year's Super Bowl - more than twice that of the previous year

but you would never guess that from reading the vast majority of posts on this forum

my story - after making some decent $ on BJ I lost a tiny amount betting horses and won a tiny amount betting sports
not a disaster - I just wasted a lot of time - got wired and stressed out about the ups and downs of it for nothing - if I didn't win it hurt my pride

I wish I had made better use of my time

I'm now completely done with gambling. I haven't made a bet in months. it makes me feel good, like that old song by the rock group Cream - "I feel free." I like posting here about some other stuff. I do like tracking angles in sports betting even though if I find a profitable angle I won't make any bets - I will just report it

very, very few negative stories are told here - because they haven't happened_____?______or because many don't want to tell the true story______?


https://money.com/gambling-addiction-all-time-high/#:~:text=After%20that%20ruling%2C%20NCPG%20estimates,30%25%20in%20just%20three%20years.

.
link to original post


Yes, everything about APing is peaches and cream.

I made an insignificant amount of money handicapping in the 90's compared to the time I spent on it. Then I lost ten times as much money owning several horses within one of the early internet horse owners groups. We had some good parties at various tracks, but that ownership experience was a real money pit. We did have a 2yo horse that went off as the favorite in a breeder's cup juvenile qualifying race. He had the lead for the first half mile of that race and then just stopped running and came in almost last. He never ran a good race again. He got claimed away for less than we bought him for, and there were a lot of expenses along the way. We had another horse that got hurt in training and never raced for us. We sold him to be retrained as a police horse.

I had a period about 20 years ago where I had a $80K drawdown playing video poker. It took me 22 months to get my bankroll back to where it was at the start of the slump. I still have scars from that losing streak. I almost had to force myself to go to casinos because the EV was so good but the results were so bad. I'd show up 12 hours early to get a seat, breath second hand smoke, lose my hearing to a WoF game, and then just watch the EV slip from my grasp. My disposable income was all going into paying off markers.

I had a $160K drawdown this year that took four months to recover. I wrote something about it here. It has still been a good year for me, but I wish I had gone on vacation during those four months.
Gambling is a math contest where the score is tracked in dollars. Try not to get a negative score.
lilredrooster
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December 1st, 2023 at 1:53:08 PM permalink
Quote: Mental


Yes, everything about APing is peaches and cream.


your knowledge, insight and ability to analyze gambling games is far greater than that of almost all of the gamblers here

your experience is not in any way representative of the experience of a great many others here

.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
DRich
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December 1st, 2023 at 6:40:01 PM permalink
Isn't there a famous saying something like, you need to invest 10,000 hours or more on a subject before you can expect to be successful at it, I tend to believe that.
At my age, a "Life In Prison" sentence is not much of a deterrent.
Dieter
Administrator
Dieter
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December 1st, 2023 at 8:07:33 PM permalink
(Please forgive the tangent. I know it's not quite the same topic.)

My parents had me playing blackjack on a home computer when I was 6 or 7.
I'm dealing to the 5 year old. She's already gotten much better at totalling hands. She's not counting each pip anymore, and is incorporating more and more "tricks". (She hasn't embraced basic strategy yet, just guessing what to do... but she knows the usual hand signals and likes winning chips.)

21 and cribbage seem to be good ways to indirectly teach basic math - especially as "free" kitchen table games.

Slot games for real money seems like a dumb idea for kids.
May the cards fall in your favor.
EvenBob
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December 1st, 2023 at 9:38:06 PM permalink
Quote: DRich

Isn't there a famous saying something like, you need to invest 10,000 hours or more on a subject before you can expect to be successful at it, I tend to believe that.
link to original post



I was reading about that recently and 10,000 hours on a lot of things is a starting point, it actually takes a lot longer than that to be proficient at a lot of things.
"It's not called gambling if the math is on your side."
DRich
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December 2nd, 2023 at 5:47:49 AM permalink
Quote: EvenBob

Quote: DRich

Isn't there a famous saying something like, you need to invest 10,000 hours or more on a subject before you can expect to be successful at it, I tend to believe that.
link to original post



I was reading about that recently and 10,000 hours on a lot of things is a starting point, it actually takes a lot longer than that to be proficient at a lot of things.
link to original post



I agree. I think 10,000 hours they are claiming is the minimum.
At my age, a "Life In Prison" sentence is not much of a deterrent.
Joeman
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smoothgrh
December 2nd, 2023 at 6:10:02 AM permalink
As the article mainly seems to focus on sorts betting, I will say that the only betting related thing I can remember watching football as a kid was Jimmy The Greek's segment on the pregame show, and I never rally paid attention to it. These days you can't watch an NFL game without being bombarded with at least a dozen references to and/or commercials for gambling.

Of course, I was running our family's weekly football pool when I was 14. Does $1/week = gambling problem? (I guess that was a significant portion of my weekly income at the time!)
"Dealer has 'rock'... Pay 'paper!'"
DRich
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smoothgrh
December 2nd, 2023 at 9:27:28 AM permalink
Quote: Joeman

As the article mainly seems to focus on sorts betting, I will say that the only betting related thing I can remember watching football as a kid was Jimmy The Greek's segment on the pregame show, and I never rally paid attention to it. These days you can't watch an NFL game without being bombarded with at least a dozen references to and/or commercials for gambling.

Of course, I was running our family's weekly football pool when I was 14. Does $1/week = gambling problem? (I guess that was a significant portion of my weekly income at the time!)
link to original post



I remember making my first advantage bets at age 5 or 6. A friend of my fathers would often come over and watch the Cleveland Browns games with us. We would regularly bet on whether the next play would be a run or pass. He would let me choose and I pretty much always bet run on first and second down. This was in the 1970's where about 80% of all plays were runs. I would regularly walk away with a $1 or $2 after betting 3 or 4 cents a play.
At my age, a "Life In Prison" sentence is not much of a deterrent.
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