The entertainment itself gets replaced by financial outcomes. Instead of appreciating great competition, we’re constantly evaluating whether our bet is alive or dead. The event stops being the product. The wager becomes the product.
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I'm not much of a betting man. In fact, the only thing close to a wager I've placed in the last decade is shares in the Predyx BIP 110 market. That said, my impression is that sports were always pretty crooked.
Do you think what they are describing here is strongly different from throwing a fight? Perhaps there is a normalization of it that has come with the widespread availability of betting, but insider knowledge itself has always been the privilege of some and it is the very, very few who refrain from profiting from it.
I think it's worth entertaining the idea that putting ability to profit from insider knowledge in an easily and widely available area will make things better.
Eventually we will see betting lines posted in stadium and on tv along with the games stats.
And it'll be part of the live tv commentary. They'll comment on odd swings for different types of bets as things happen in-game
isn't that wonderful?!
If it is somehow morally okay to do insider trading like that, reduce exposure to the things their society controls. @Lux shared a nice thing that'll help you, yesterday: #1523335.
glad you liked it
It's a gem; very inspiring.
I shared it and it immediately helped a friend that grows their own veggies. They were having water/drain issues. We discussed it after, and they now think differently (closed loop instead of open loop) about watering - and that can long term affect the way they manage nutrient levels.
I'm also thinking of buying another friend one of those porch towers.
This is a good article. I was so excited when sports betting came out! I had early success on draft kings but I remember I took a live bet for the Redskins to lose by more than two and they kicked a bogus FG at the end of the game. That’s when I realized I can only bet to have fun not to make money. Since then I only use it for entertainment but I do see it amongst my friends. A close friend of mine thought it was risky to buy a home in Hawaii before the pandemic but fell perfectly fine placing a $5k bet on a WNBA game.
Another thing that is really getting out of control is trading cards. Grown men are buying and selling cards at crazy prices. Buying packs just to pull that one rare is becoming a form of gambling.
I honestly think people are just trying to find a way to increase their standard of living. From bitcoin to gambling we are all speculating on something to help us achieve a better life in the future.
Is the same thing happening with bitcoin trading cards? I remember browsing a site. I couldn't believe the prices.