Online sports betting: As you do well, they cut you off

A few decades back my teenage son and I approached Las Vegas at night while traveling south on Interstate 15. When the skyline of the city began sparkling into view, the kid said, “Wow. Think of all the money people have made there!” This was a perfect tease for my response: “Dude, everything you see there was paid for by losers.” The same is true for online sports betting, only more so. How? Soon as you do well, they cut you off. Sources: Also interesting: While the online sportsbook algorithms are good at spotting gamblers who are smarter than the house, they aren’t so good at spotting and getting help for problem gamblers, which the sportsbook apps are all but (or actually) designed to create—especially out of young people who are quick to rationalize the game of losing money as a form of fun. In Why Sportsbooks Limit Your Bets (And How to Avoid It), Outlier excuses the practice: Sportsbooks are businesses, and like any business, their primary goal is to make a profit. When a be ... Read full article.