Poker
fromPsychology Today
4 hours agoWhat Old Psychology Can Teach Us About New Betting
Modern betting platforms leverage psychological factors to attract users, leading to widespread financial losses despite their appeal.
"Today, our Board took decisive action to protect what generations before us fought to build. These so-called prediction markets are an attempt to bypass tribal authority and recast gambling as a financial product. We will not allow that. We will stand united to defend tribal sovereignty and the integrity of Indian gaming."
Nearly everyone is losing money, a club executive is quoted as saying, presumably while dressed in a suit made entirely from gold leaf, bitcoin shavings and vintage parmesan cheese.
As sports betting continues to grow so must our understanding of its impact on our guests and customers. Investing in high quality research allows us to be guided by valuable data and insights, which will ultimately help us support our patrons, communities and industry.
The study, published in Addictive Behaviors Reports and titled "The effect of television advertising on gambling behaviour: a quasi-experimental study during the 2022 Qatar FIFA World Cup," analyzed betting behaviour among 365 men aged 18-45 in England during the 2022 tournament. According to the paper's abstract, "Frequency of betting on football was 16% to 24% higher during games televised on a channel with gambling advertising compared to one without."
Fresh research from the Kansspelautoriteit (KSA) shows nearly a quarter of Dutch adults, 24%, believe people around them see gambling as normal behavior. Men were significantly more likely than women to share that view. The regulator surveyed 1,000 residents and found that when gambling comes up casually in conversations with friends or family, people are more likely to join in themselves.
Common Sense Media's new report, "Betting on Boys: Understanding Gambling Among Adolescent Boys," finds teen boys are largely exposed to gambling through sports betting and video games "in loot boxes, skin cases, and other reward systems that blur the line between playing and paying." More than a third of the boys surveyed, ages 11-17, admitted to gambling in the past year, with that number rising to nearly half of the 17-year-olds. Additionally, 60% reported seeing ads for gambling on YouTube and social media.
I am not, by temperament, a gambling man. As a suburban dad with four kids, a mortgage, and a minivan, I'm more likely to be found wrestling a toddler into a car seat than scouring moneylines or consulting betting touts. And as a practicing Mormon, I am prohibited from indulging in games of chance.
House Bill 1226, titled the Maryland Illegal Online Gambling Enforcement Act, would let the Attorney General issue cease-and-desist orders to any sweepstakes operator accused of offering or promoting illegal online gambling in the state. It also requires the Attorney General to keep a public list of website URLs that have received those orders, effectively creating a blacklist that others would be expected to follow.