I put down a few bucks on the horses on the first Saturday in May, but it seems like online sports betting is just specifically designed to screw people out of all their money as fast as possible.

I guess…change my mind? Or don’t.

Edit: I wasn’t asking anyone to convince me to gamble, I was curious who the hell actually throws money in a black hole and wanted to hear their perspective. Thanks for the downvotes.

  • GreenShimada@lemmy.worldOP
    2·
    7 days ago

    It’s actually a similar to disease r-values vs. fatality rates. If the gambling scheme takes too much profit, it burns out. It can’t give up the promise of winning faster than stories of loss accumulate. I’m sure casinos have hired economists and statisticians to find the optimum percentage payout for slots in Vegas to keep people pounding the SPIN button like rats hitting a feeder bar in a lab.