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And it’s a legal requirement for them to have a little infobox printed on the front that tells you exactly what that rate of return is. And most people can have a bet on their sports team, and that is it. Lots of people have other stuff going on in their lives, so they watch sport and having a small bet on makes it more exciting. Go down to the races, there is real excitement, real energy, it is fun. I’m also curious what GP thinks about whether poker with buddies is “lower class”, or if it’s only a casino thing.
- Casino products add nothing and the only people who find it appealing (in my experience) are gambling addicts.
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- But the government regulates plenty of addictive things that are not “winning real money”.
- No matter what, the player loses 100% of the money they put in.
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I know this is HN and the inevitable comment regarding crownzilla pHd pSyChOlOgIsTs designing dark patterns into these apps so people have no agency over themselves. Also apple needs to develop better parental controls and we need MDM services that can restrict these apps for people with addictions. It seems stupid to spend money other than for entertainment on these apps, but it doesn’t seem likely to me that the app is unfair.
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I know it sounds stupid, but this was a real way that I was connecting with my parents, and then they shut it down. So, you’re able to pour them money and no way to get it back. Gambling addiction truly is one of the worst things that can happen to someone.
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That sounds like you’re implying that only mathematically less-literate people gamble. There’s a good reason I’ve only ever gone a handful of times, and limited myself to a small amount of money. But it really taps into something deep in the primate brain, about hopes and dreams fulfilled, about getting lucky and rich, about being special. I was similarly confused until I experienced it.
They get access to that money by borrowing it or embezzling it. Don’t forget that there’s also an entire industry looking to loan money to middle class folks. Where we draw the line on what constitutes middle class doesn’t really seem all that relevant to me. I find it hilarious the notion that the “middle class” would have “hundreds of thousands of dollars” of disposable income to splurge on gambling. Reminds me of shit arguments alex jones people make up.
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What I’m trying to point out here is that are extra digits in the amount of money people are losing. Or it’s a money laundering scheme but who really knows. If you’ve payed for anything in any video game to enhance your experience like getting an upgraded weapon it’s the same exact thing. Drawing the line at “you can’t directly kill people with casino chips” is reducing a complicated issue to a black and white stance All I can say is, to each their own, but it definitely sounds like you haven’t grasped the essential emotional quality of the entire experience — that perhaps you don’t have, but many other people certainly do. But yes, many games, especially Roulette, Slots, and Craps, are blatantly negative EV.