Word on the streets is that online gambling is a big problem? We’ve all seen the advertisements, surely. No major sports broadcast is complete without ads for DraftKings or BetMGM. Some of the services even give new users “free” money to bet as an introductory offer. Remember when few years ago every other ad was about crypto? I feel like we’re now in a similar era of sports betting.
I personally don’t partake in gambling because I don’t subscribe to forsaking my hard-earned money like that. We all know how incredibly shitty the odds are. The most risk I am willing to take with money is putting it into the broad stock market.
People are saying online gambling is a problem because lots of young men are falling into addiction and debt. But that’s just the natural outcome, isn’t it? Only a very few subset of bettors can win - by design. Otherwise the game wouldn’t exist. A game that creates many losers will of course have negative consequences. So long as the carrot remains ever gleaming, legions will keep returning and returning.
I think the allure of gambling is the possibility of a huge monetary reward in a short amount of time. Social media has shown everyone the world is indeed our oyster, but most of us don’t have the sort of capital to make that possible. I absolutely cannot traditionally invest my way towards affording a brand new Porsche 911 GT3, unlike the many influencers on the Internet. Online gambling then becomes an alluring shortcut towards attaining the lifestyle that social media has promised us.
There’s a money shortcut available to women that’s closed to men: selling your likeness online. Any reasonably attractive woman has potential to earn money quick if she is willing to forgo a few bits of clothing for people to watch. Heck, if a lady is attractive enough, she can be fully clothed and simply stream herself playing video games. That sort of leveraging of beauty is typically not an avenue open for men. So they instead funnel towards online gambling. Or day trading.
Listen, if all it takes for me to be able to buy a GT3 is to “YOLO” my entire savings into a five game parlay? Hmmmm…
King shit.