I was shocked when I started seeing online sportsbook commercials, like how is this legal?, now I just try and ignore it but I usually see at least one ad everyday
why should it not be legal? are you not able to understand that the average pool of sports betters will be at break even, less fees, meaning everyone runs a net loss in the aggregate? if you can't understand that, you deserve to be parted from your money as someone else will take it.
Unrestricted online sports gambling serves a singular purpose, to drive profits to the wealthiest in society at the expense of ruining the lives of those most susceptible to addiction.
Protecting addicts and young people (who are being advertised to for years as impressionable minors) from companies designed to extract as much money as possible from them is absolutely worth inconveniencing people who casually gamble. Sports gambling remaining legal in casinos but banned via phone allows adults to partake while removing the predatory element of being literally ever-present for someone who needs to stay away. Losing thousands of dollars to sports gambling should never be just a download away.@@eliw6607
the accountant guy from the football team embezzled 22 million and some not on bets a cement worker used thousands in florida on a company credit card many millions stolen in other scams this is small potatoes we seniors just bet small for action we have no life lotherwise they allow 10c parlays and in person a dollar we dont lose much and we get govt aid for food so we have money for lottery etc
I'm a recovering compulsive gambler (abstinence date 2-17-02) who was an early adaptor of online sports betting. Never in my wildest dreams would I imagine the hellscape that the sports betting landscape would be. My heart goes out to all the people getting engulfed in this horrible addiction.
this is one addiction i just don't get. I "bet" the S&P 500 which is up about 10% over the past 100 years+. In other words, the odds are very much in my favor. why would anyone bet when you don't have the odds? when you are mathematically engineered to lose?
I am glad to this day i have 0 idea how to read gambling odds. Really there needs to be a ban on sports gambling advertisements like we do with tobacco.
Online sports gaming scares me to death. And that "dorm room degenerate" guy who claims to be like a "financial advisor"? Shame on him. I've never had a desire to gamble and never had an issue, but I was married to (and divorced) a person who had a gambling addiction and that was scary. The thought that he can now go on his phone and gamble means he has no chance of overcoming his addiction. It's just too easy to place bets. One thing I HATE is that celebrities are now promoting sports betting online--shame on them!
The perfect storm of young males being stimulated and manipulated, first by sports culture ( the NFL having attained the the largest percent of all televised content ), and then by their cultural tendencies of overconfidence, peer pressure, the most basic human impulse of gambling, then being susceptible to the machinery of easy and legal online betting platform that preys on these tendencies.
I do not gamble, but have many friends that do. With the high cost of living, career disapointment and overall debt that young people are in, I think overspending on stuff like this is going to be a ticking time bomb. Obviously people can spend their money on what they want, but those quick dopamine hits can become really tough to walk away from. I'm not sure what the fix is going to be, but curious to see what is going to happen in the next ten years.
I had a day off…loaded $30 on my account at around 7am that morning and by 7pm I was considering retiring and becoming a professional better 😂 I ran it up to around $2500. By 10PM I lost it all 😔 Even the $30 investment lol I seen then how dangerous it could be.
Sports betting is advertised to younger people, because the brain isn't fully developed until they are twenty five years of age , so addiction is easier to form in the brain. Gambling addiction will destroy so many kids lives in the future.
29 year old here, sports gambling with fanduel and draftkings has ruined the first 5 years of my live post graduation. Got a job, got some disposable income for the first time, and threw it away on sports gambling. Am now sitting at 29 years old with very little savings, basically feel like I wasted 5 years of working for nothing
Almost every high school and college/university has been taken over by sports programs at the cost of academics, and then everyone wonders how sports gambling has spread so effectively.
This is like the online poker boom. The big difference is with poker you can actually work to get better at the game and beat other people. With sports betting you are up against the house, and if you get good enough they will limit your action.
This story needs to get more eyes on it. Seeing athletes and celebs endorse these sites will be similar to how we look back wondering how athletes and celebs endorsed cigarettes.
It's the biggest hypocritical thing I have ever seen. Won't legalize online poker but will for sports betting in most states. It's a crock. What's the freakin difference.
Gambling should be taught in schools. Not how to win but the psychological tricks casinos use to make you carry on betting. While as for sports betting they should be taught why exactly it’s so hard to profit from long term and why simply having a lot of sports knowledge isn’t enough. Aside from that I wish gamblers were more aware that long term markets aren’t addictive.
forget tips no one knows fun to watch you can bet like some pros progressing bets yes i bet w costa rica in the past you need bitcoin to collect mostly now we dont pay fees debit
Looking at the way things are with gambling and marketing industries,TikTok, disinformation and verbatage on the television and internet. I've come to think basic human psychology should be a mandatory lesson because it's been used against us everywhere, everyday even the designs of our buildings and cities are to manipulate us psychologically but most people haven't got any understanding of Human behaviour and we're growing up in a world that tells us we're rational thinking machines with an integral uniqueness that means they are of, but distinct from Humanity, when we're more like emotional reaction machines with a shared set of standard operating apis.
In my day job I'm a Sports Trader/Bookmaker for a large sportsbook operator in Vegas, and I've never gambled or placed a bet cuz since I know how it works behind the scenes. Its not worth it in the end, and definitely only bet what you are comfortable losing
This IS so neglected, and it's truly catastrophic. Young men are by far the most vulnerable and predisposed to ruin their lives through wagering. The internet + credit cards = rising su*cide rates. 😓
Legalized sports betting is more dangerous than legalized prostitution. Sports betting is the most dangerous “sin” activity that has been legalized. Sports betting is far more dangerous and addictive than, say, legalized marijuana. In five to ten years, once governments have become accustomed to pot and gambling income, what will be next? It probably won’t be prostitution because that’s a highly personalized service big corporations can’t sink their talons into.
I’ve been gambling on and off since I turned 18 in 2010 and I gotta say all this gambling being shoved down peoples throats will only hurt young adults and future generations. Gambling will be future generations’ crutch. We had weed, previous generations had alcohol, etc
This CBS News compulsive sports betting documentary brought to you by Super Bowl LVIII on CBS, the most watched and largest number of bets placed for any sporting event ever.
"Play games on your phone and win money." Online casinos disguise themselves behind such innocent advertisement. Once you download the game you realize it's an online casino.
I was alive before this industry when all the money went to bookies. Fools WILL gamble so better their money circulate lawfully. There is no third option.
Gambling should be legal between friends. Gambling like sports books, casinos and state or federal lotteries shouldn’t be legal. Native American casinos on reservations should be strictly forbidden to Americans who are not native. It’s crazy to think that our states sponsor one of the most addictive and destructive practices because it’s so profitable.
I grew up with a parent who's a gambler all the time so I don't see anything wrong with it at all cause of Winning but I can see some people don't have alot of self control but I'm against banning advertisement commercials for sports betting I became a fan of Baseball cause of being able to bet on the game but again I have control of myself I'm just having fun
I continúe too block and report these gambling ads. I do not wish too gamble in few years / decades will be hearing about death of tribal casinos 🎰 #greed #gambling #sports
There is 2 sides to every coin, for every addict there is 10 people that bet responsibly for fun and enjoyment. But that is a fine line and not everyone can follow that line.
One of the most important things in life I've learned is that most businesses will do and tell you just about anything to squeeze as much money out of you as they can. They all use the same old tried and true psychological tricks; dangle what you already want to believe in front of you then exploit it. Supplements, beauty enhancement, weight loss, hair restoration, health, gambling and the best of the best, RELIGION!! Cha ching!!! $$$$$
Hello, is there a way I can access to the sources used? I plan on doing a project, found the video very helpful and would like to dig deeper into the information used. :)
First, they heighlighted Washington state to legalize sports gambling…. This is not true. They allow casinos to do it 3 years ago but as of today only 3 are allowed. There is no sports betting app allowed in half of the states they highlighted Bad journalism
Sorry to say but our governments, state and national are not your friend. They pitched this disaster as a revenue generating ploy. The truth is, is to reclaim the money that’s given to individuals that are on social assistance and social security. That means the gambler in those circumstances on average will lose at least half of the income from the government. It also applies to all in general, makes you poor and indebted for ever.
The subscription guy is not the equivalent of a fincial advisor if he had a secret sauce he could just bet larger its more like FX trading scammers they make all their money from subscriptions,their clients inevitably lose, Fanduel is not a muti billion dollar company because gamblers win over time.
It’s possible that he made 500k but how much did he lose betting? Dude is most likely in the negative that’s the whole point of sports betting. Win 500k but spent 600k on bets. So your really 100k in the negative… that’s the whole point it makes you feel good when you win so you can keep on trying to get that high again when in reality your in the negative
It's possible he did win that. When you're so far into a gambling mindset it can be hard to spend money on anything not strictly necessary because you can begin to view money as merely tokens for future gambling. I've been there although the big wins I sometimes managed were not in the same league, but still very good money. It all got ploughed back into more gambling.
I’m going to be honest those “kids” aren’t kids their young ADULTS that don’t have self control. I personally love to gamble playing poker with my friends going to the casino or playing bets on app BUT I have self control I was taught by my parents to always have self control over any bad habits & never & I mean never bet more that what you can afford to lose but that’s just me
I won’t say I disagree, there is an addictive element to it however, we’re hearing from people taking major losses. I doubt people who are winning are complaining about it being addictive.
@@leonmeyers7009 True but isn’t the point of a good business to make money? I get it, I’ve lost hella money gambling and it sucks to lose but you know the risk going into it. Just seems kinda unfair to place the blame on the gambling industry for people being irresponsible.
I was shocked when I started seeing online sportsbook commercials, like how is this legal?, now I just try and ignore it but I usually see at least one ad everyday
Sports betting became legal at the same moment that sports networks started running way more ads during games. It's unavoidable now.
u should bet the superbowl lol
not everyone goes in this deep there is a difference
Every time an add comes up I always hit the button that says, I don't like this add, or there is a problem.
why should it not be legal? are you not able to understand that the average pool of sports betters will be at break even, less fees, meaning everyone runs a net loss in the aggregate? if you can't understand that, you deserve to be parted from your money as someone else will take it.
Unrestricted online sports gambling serves a singular purpose, to drive profits to the wealthiest in society at the expense of ruining the lives of those most susceptible to addiction.
Tax on the poor
i meann in a world of eat or be eaten what do you expect
@@QueenOfDump It's not just a tax on the poor.
So I shouldn't be able to bet on sports because some people can't control themselves?
Protecting addicts and young people (who are being advertised to for years as impressionable minors) from companies designed to extract as much money as possible from them is absolutely worth inconveniencing people who casually gamble. Sports gambling remaining legal in casinos but banned via phone allows adults to partake while removing the predatory element of being literally ever-present for someone who needs to stay away. Losing thousands of dollars to sports gambling should never be just a download away.@@eliw6607
I am glad young men are sharing their stories of recovery!
the accountant guy from the football team embezzled 22 million and some not on bets a cement worker used thousands in florida on a company credit card many millions stolen in other scams this is small potatoes we seniors just bet small for action we have no life lotherwise they allow 10c parlays and in person a dollar we dont lose much and we get govt aid for food so we have money for lottery etc
I'm a recovering compulsive gambler (abstinence date 2-17-02) who was an early adaptor of online sports betting. Never in my wildest dreams would I imagine the hellscape that the sports betting landscape would be. My heart goes out to all the people getting engulfed in this horrible addiction.
😂 most of us are betting $5 no sweat free bets on DraftKings it’s not that deep
I applaud your efforts.... Keep it up
Best wishes for your continued recovery.
Congratulations on the over 2 decades of abstinence. I wonder how much harder it would be to quit nowadays.
this is one addiction i just don't get. I "bet" the S&P 500 which is up about 10% over the past 100 years+. In other words, the odds are very much in my favor. why would anyone bet when you don't have the odds? when you are mathematically engineered to lose?
I am glad to this day i have 0 idea how to read gambling odds.
Really there needs to be a ban on sports gambling advertisements like we do with tobacco.
Then you don’t watch national tv sports in America they discuss the line and what it means during every game and halftime
theres no such thing is reading gambling odds, it's merely the gambler's illusion of control. the house always win, it;s called the "house edge".
Kudos to CBS for reporting this considering the income they must receive from the sports betting industry.
Online sports gaming scares me to death. And that "dorm room degenerate" guy who claims to be like a "financial advisor"? Shame on him.
I've never had a desire to gamble and never had an issue, but I was married to (and divorced) a person who had a gambling addiction and that was scary. The thought that he can now go on his phone and gamble means he has no chance of overcoming his addiction. It's just too easy to place bets. One thing I HATE is that celebrities are now promoting sports betting online--shame on them!
The perfect storm of young males being stimulated and manipulated, first by sports culture ( the NFL having attained the the largest percent of all televised content ), and then by their cultural tendencies of overconfidence, peer pressure, the most basic human impulse of gambling, then being susceptible to the machinery of easy and legal online betting platform that preys on these tendencies.
Thank you for allowing me a chance to be included in this piece!
You’re welcome :)
No problem
We will sending you royalty money for participating
Sports gambling need not be outlawed, but there should be restrictions on sports gambling advertising and on naming rights sponsorships, etc
I do not gamble, but have many friends that do. With the high cost of living, career disapointment and overall debt that young people are in, I think overspending on stuff like this is going to be a ticking time bomb. Obviously people can spend their money on what they want, but those quick dopamine hits can become really tough to walk away from. I'm not sure what the fix is going to be, but curious to see what is going to happen in the next ten years.
I had a day off…loaded $30 on my account at around 7am that morning and by 7pm I was considering retiring and becoming a professional better 😂 I ran it up to around $2500. By 10PM I lost it all 😔 Even the $30 investment lol I seen then how dangerous it could be.
Sports betting is advertised to younger people, because the brain isn't fully developed until they are twenty five years of age , so addiction is easier to form in the brain. Gambling addiction will destroy so many kids lives in the future.
29 year old here, sports gambling with fanduel and draftkings has ruined the first 5 years of my live post graduation. Got a job, got some disposable income for the first time, and threw it away on sports gambling. Am now sitting at 29 years old with very little savings, basically feel like I wasted 5 years of working for nothing
You're still young and should consider it a lesson. Better to throw away 5 years of life savings vs gambling everything at 55 years old
Almost every high school and college/university has been taken over by sports programs at the cost of academics, and then everyone wonders how sports gambling has spread so effectively.
This is like the online poker boom. The big difference is with poker you can actually work to get better at the game and beat other people. With sports betting you are up against the house, and if you get good enough they will limit your action.
Bro poker is still gambling n the highs n lows of losing or winning can still be a compulsive disease
These sports books are actively working to keep online poker illegal too.
This story needs to get more eyes on it. Seeing athletes and celebs endorse these sites will be similar to how we look back wondering how athletes and celebs endorsed cigarettes.
It's the biggest hypocritical thing I have ever seen. Won't legalize online poker but will for sports betting in most states. It's a crock. What's the freakin difference.
asian bro is ripped as f 👌👌
-gay (and that's perfectly okay)
FR like what's his workout routine? lol
Thank u, was wondering if anyone said the same thing lol
Gambling should be taught in schools. Not how to win but the psychological tricks casinos use to make you carry on betting. While as for sports betting they should be taught why exactly it’s so hard to profit from long term and why simply having a lot of sports knowledge isn’t enough.
Aside from that I wish gamblers were more aware that long term markets aren’t addictive.
forget tips no one knows fun to watch you can bet like some pros progressing bets yes i bet w costa rica in the past you need bitcoin to collect mostly now we dont pay fees debit
Looking at the way things are with gambling and marketing industries,TikTok, disinformation and verbatage on the television and internet. I've come to think basic human psychology should be a mandatory lesson because it's been used against us everywhere, everyday even the designs of our buildings and cities are to manipulate us psychologically but most people haven't got any understanding of Human behaviour and we're growing up in a world that tells us we're rational thinking machines with an integral uniqueness that means they are of, but distinct from Humanity, when we're more like emotional reaction machines with a shared set of standard operating apis.
In my day job I'm a Sports Trader/Bookmaker for a large sportsbook operator in Vegas, and I've never gambled or placed a bet cuz since I know how it works behind the scenes. Its not worth it in the end, and definitely only bet what you are comfortable losing
This IS so neglected, and it's truly catastrophic. Young men are by far the most vulnerable and predisposed to ruin their lives through wagering. The internet + credit cards = rising su*cide rates. 😓
Its real, i did the self exclusion with the state, but i find myself driving out of state to neighboring states to go to the casino in person.
Legalized sports betting is more dangerous than legalized prostitution. Sports betting is the most dangerous “sin” activity that has been legalized. Sports betting is far more dangerous and addictive than, say, legalized marijuana. In five to ten years, once governments have become accustomed to pot and gambling income, what will be next? It probably won’t be prostitution because that’s a highly personalized service big corporations can’t sink their talons into.
These 'influencers' should be ashamed of getting so many young gamblers addicted.
I’ve been gambling on and off since I turned 18 in 2010 and I gotta say all this gambling being shoved down peoples throats will only hurt young adults and future generations. Gambling will be future generations’ crutch. We had weed, previous generations had alcohol, etc
“Remeber when we were betting on Mexican leauge winter baseball.
This CBS News compulsive sports betting documentary brought to you by Super Bowl LVIII on CBS, the most watched and largest number of bets placed for any sporting event ever.
idk about this bro can you even beat the bara bet free picks?
20:54 he's not at the bottom (yet); his parents pay for his choices. hasn't learned it yet.
"Play games on your phone and win money." Online casinos disguise themselves behind such innocent advertisement. Once you download the game you realize it's an online casino.
I was alive before this industry when all the money went to bookies. Fools WILL gamble so better their money circulate lawfully. There is no third option.
Who is that woman speaking at the group church? Her words are so so true. ❤️
Legalized gambling, huge advertising budgets. cell phone apps, and credit cards. What could go wrong? Shame on states for allowing this.
I invest in Draft Kings stock. This makes me feel bad and that I should sell it. Really makes me sad to see so many hurting. 😞
Reading this made my want to buy some DK stock
Playing Safe and Responsibly is the top priority and always know your limits $5-$10 a bet thats it.
Gambling should be legal between friends. Gambling like sports books, casinos and state or federal lotteries shouldn’t be legal. Native American casinos on reservations should be strictly forbidden to Americans who are not native. It’s crazy to think that our states sponsor
one of the most addictive and destructive practices because it’s so profitable.
he's lying his face off. but he's in too deep to U turn
Anyone else who can’t stand gambling? 🙋🏻♂️ too stressful lol
It's self destruction.
I grew up with a parent who's a gambler all the time so I don't see anything wrong with it at all cause of Winning but I can see some people don't have alot of self control but I'm against banning advertisement commercials for sports betting I became a fan of Baseball cause of being able to bet on the game but again I have control of myself I'm just having fun
I continúe too block and report these gambling ads. I do not wish too gamble in few years / decades will be hearing about death of tribal casinos 🎰 #greed #gambling #sports
There is 2 sides to every coin, for every addict there is 10 people that bet responsibly for fun and enjoyment. But that is a fine line and not everyone can follow that line.
Bout to win this parley while watching this cbs report.
🧢
This is out of control
The gambling system is not designed to make YOU money it is made to make THEM money and it is completely foolish
This could be a reason for the homeless problem increasing.
Definitely I’ve lost almost everything
One of the most important things in life I've learned is that most businesses will do and tell you just about anything to squeeze as much money out of you as they can. They all use the same old tried and true psychological tricks; dangle what you already want to believe in front of you then exploit it. Supplements, beauty enhancement, weight loss, hair restoration, health, gambling and the best of the best, RELIGION!! Cha ching!!! $$$$$
Dispute all your money that you lost from gambling and close your account forever. Problem solved
Regulate the advertising similar to how tobacco and big fines to those who don't follow/find loopholes and allow minors to use their product
This will ruin sports.
How do you let yourself get to this point?
Can we take a moment to appreciate how jacked this journalist is? I don’t know what supplements he’s on, but I want them.
95% of gamblers quit right before they are about to hit BIG. Always chase your losses and after a winner, double-up on the next bet!
😂😂😂
Lmao yeah and the casinos has same ratio. U would be better to make cash on anything than gambling hints why they limit on casinos who can own em
True
a draft kings customer won an impossibe 14 leg prop for 489k for 5 dollars and other big winners on reg bets
@@rogerrosen2323 draft kings alt account
Hello, is there a way I can access to the sources used? I plan on doing a project, found the video very helpful and would like to dig deeper into the information used. :)
So the lotto went after the working poor and online sports betting went after everyone else.
First, they heighlighted Washington state to legalize sports gambling….
This is not true. They allow casinos to do it 3 years ago but as of today only 3 are allowed.
There is no sports betting app allowed in half of the states they highlighted
Bad journalism
Game over. The US should've learnt from the UK and the dire situation there.
I expect the homeless population to rise in the near future due to the legalization of sports betting
When the games are unwatchable, walking away is so much easier.
this is going to be real bad
idk if there's a point in doing this anymore since bara bet started offering a free forever service lol
online sports betting is digital meth. don't do it kids.
And Pete Rose isn't in the hall of fame. Baseball is a bunch of hypocrites.
Sorry to say but our governments, state and national are not your friend. They pitched this disaster as a revenue generating ploy. The truth is, is to reclaim the money that’s given to individuals that are on social assistance and social security. That means the gambler in those circumstances on average will lose at least half of the income from the government. It also applies to all in general, makes you poor and indebted for ever.
the guy at 20:15 sounds like drake
First pot, then sports, prostitution next.
I hope
@@kevincarballo6303😂
Sports are so boring , no wonder they had to get gambling their money away
The subscription guy is not the equivalent of a fincial advisor if he had a secret sauce he could just bet larger its more like FX trading scammers they make all their money from subscriptions,their clients inevitably lose, Fanduel is not a muti billion dollar company because gamblers win over time.
bara bet free picks is all you ever need in sports betting. period.
I never gambled and I never will.
Where are these college aged kids getting this money from? Mom and dad, student loans, yeah some are working.
Same in Brazil.
not too sure about the thinking behind your strategy tbh, you should look up bara bet
These AL GORE RHYTHMS won't work when it comes to horse racing because no program can know how badly a trainer needs to cash a bet.
let these people learn the hard way who cares , if we are going to intervene let's make alcohol illegal and fix a real problem
It’s got to be the worst time in history.. for a gambler. It’s too much.
It's going to get way worse before it gets better.
Limit your self DISCIPLINE
Exactly I bet if u found the addicts they are also addicted to other things
A lot of people don’t realize sports betting and poker are the only forms of gambling where you can have an edge long term and be profitable
And card counting playing blackjack
What I found most shocking was how low that jacked Asian dude's voice was.
Lol
I’ve lost over 100k and still have tho addiction it’s so hard to break and I’m ruining my life please help me
1800-gambler
Make me relapse again everyday
its only wrong if u lose or get caught
Awesome video. Funniest part is when he claimed to make 500k and still lives in a dorm.
It’s possible that he made 500k but how much did he lose betting? Dude is most likely in the negative that’s the whole point of sports betting. Win 500k but spent 600k on bets. So your really 100k in the negative… that’s the whole point it makes you feel good when you win so you can keep on trying to get that high again when in reality your in the negative
It's possible he did win that. When you're so far into a gambling mindset it can be hard to spend money on anything not strictly necessary because you can begin to view money as merely tokens for future gambling. I've been there although the big wins I sometimes managed were not in the same league, but still very good money. It all got ploughed back into more gambling.
Hello from Philippines
Land of the free.
Just placed a bet cause of this video
Should be legal in all states. I have to drive fifteen minutes into a neighboring state 😂
What makes gambling addicts look even worse is when they blame it on the casino or sports book and not themselves.
let the ppl gamble
Ban iphones.
A Tracfone is all you need.
Love Wolf Sports ❤️🐺
I’m going to be honest those “kids” aren’t kids their young ADULTS that don’t have self control. I personally love to gamble playing poker with my friends going to the casino or playing bets on app BUT I have self control I was taught by my parents to always have self control over any bad habits & never & I mean never bet more that what you can afford to lose but that’s just me
Oh & I do go periods without gambling, to me gambling is fun & entertainment that’s all nothing serious
Meh, lack of discipline.
this guy looks so british
I am currently gambling on my phone while watching this.
some utubers win young guys
I won’t say I disagree, there is an addictive element to it however, we’re hearing from people taking major losses. I doubt people who are winning are complaining about it being addictive.
But the problem is you don’t win all the time. That’s why these companies are in the business.
@@leonmeyers7009 True but isn’t the point of a good business to make money? I get it, I’ve lost hella money gambling and it sucks to lose but you know the risk going into it. Just seems kinda unfair to place the blame on the gambling industry for people being irresponsible.
Guys should just go play online poker instead.
I love to gamble 🎉🎉have done it for decades no issue
🌍 #Ci9E 🌍
hey I know that kid
Give me an edge and I will play 😉