Is this a Booth? I hate to get Boothed...

The Giants announce a partnership with Kalshi. "Hey, if we don't, somebody else will!" (almost a direct quote) If I were a Dodger fan, I could feel superior, but they're doing it, too.

In other news, I'm finding out that I'm less of a libertarian than I might have thought. This gambling stuff is out of control. Supposedly, over half of American men between the ages of 20-45 have a gambling app on their phone.

bread and circus

https://finance.yahoo.com/markets/article/gen-z-swaps-retirement-saving-for-sports-betting-150207350.html

More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a recent survey by the investing and financial advice app Betterment. And quite a few 14% said they're doing so several times a month.

BearlySane88 said:

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Anarchistbear said:

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https://finance.yahoo.com/markets/article/gen-z-swaps-retirement-saving-for-sports-betting-150207350.html

More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a recent survey by the investing and financial advice app Betterment. And quite a few 14% said they're doing so several times a month.

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I make high five figures a year from sports betting. It's not crazy money but it covers a lot of extras. It's also fun and makes boring sports a whole lot less boring.

*gambling addiction is real and if you have addiction issues, I encourage you to stay away from sports betting*

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Don't you worry that you're gonna lose?

I feel like putting big bucks on the "over" for Vegas setting the number on Cal's season at 6.5 wins. Problem is, if I did that, JKS would probably tear an ACL or something the very next day..

Big C said:

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BearlySane88 said:

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Anarchistbear said:

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https://finance.yahoo.com/markets/article/gen-z-swaps-retirement-saving-for-sports-betting-150207350.html

More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a recent survey by the investing and financial advice app Betterment. And quite a few 14% said they're doing so several times a month.

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I make high five figures a year from sports betting. It's not crazy money but it covers a lot of extras. It's also fun and makes boring sports a whole lot less boring.

*gambling addiction is real and if you have addiction issues, I encourage you to stay away from sports betting*

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Don't you worry that you're gonna lose?

I feel like putting big bucks on the "over" for Vegas setting the number on Cal's season at 6.5 wins. Problem is, if I did that, JKS would probably tear an ACL or something the very next day..

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Of course I am but I also know my limits and can control myself. It's like when you go to a casino, take the money you're willing to lose in cash and leave all plastic behind. No ATM runs allowed. If you lose all that you brought in cash, you're done and you walk away.

Hard rule for me, never bet on my own teams. Too scared I will jinx them, ala JKS ACL as you mentioned, and I know I'm too much of a Cal, Raiders, Warriors, etc. homer even when I'm trying not to be.

Anarchistbear said:

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BearlySane88 said:

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Anarchistbear said:

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https://finance.yahoo.com/markets/article/gen-z-swaps-retirement-saving-for-sports-betting-150207350.html

More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a recent survey by the investing and financial advice app Betterment. And quite a few 14% said they're doing so several times a month.

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I make high five figures a year from sports betting. It's not crazy money but it covers a lot of extras. It's also fun and makes boring sports a whole lot less boring.

*gambling addiction is real and if you have addiction issues, I encourage you to stay away from sports betting*

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Kalshi of course is not just sports betting- you can bet on the outcome of the Iran war; you can bet on whether clinical drug trials succeed or fail. I find that some of this stuff invites meddling or fixing .. sports too for that matter

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Definitely with you on that and not a huge fan of the Kalshi type betting platforms for the reason you mentioned.

Big C said:

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Supposedly, over half of American men between the ages of 20-45 have a gambling app on their phone.

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Like a few other luddites we don't have a mobile, just a battered carry around
the house relic for convenient access to a modem's landline.

but now, hopefully just a rumor, att wants to end landline service??? < scary >

Anarchistbear said:

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BearlySane88 said:

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Anarchistbear said:

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https://finance.yahoo.com/markets/article/gen-z-swaps-retirement-saving-for-sports-betting-150207350.html

More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a recent survey by the investing and financial advice app Betterment. And quite a few 14% said they're doing so several times a month.

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I make high five figures a year from sports betting. It's not crazy money but it covers a lot of extras. It's also fun and makes boring sports a whole lot less boring.

*gambling addiction is real and if you have addiction issues, I encourage you to stay away from sports betting*

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I would venture that the largest volume of bets are from "addicts". This is true of most addictions

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No argument there. Many addicts make bank gambling. Many lose bank gambling.

Only 3% to 5% of frequent gamblers actually make money over the long term. A massive five-year study by the University of California San Diego, tracking over 700,000 online gamblers, found that exactly 96% lost money, leaving just 4% in the profit.

*Profile of that rare gambler that consistently wins over time:

Key Characteristics

Unshakable Discipline:
They strictly manage their bankroll and walk away when rules dictate, completely ignoring short-term outcomes.

Emotional Detachment:
They separate their ego from the game, meaning they do not feel euphoria after a win or anger/desperation ("tilting") after a loss.

Deep Analytical Skills:
They focus exclusively on games with a skill element (like poker or professional sports betting) where they can calculate probabilities, odds, and expected value.

High Tolerance for Ambiguity:
They accept that variance and losing streaks will happen even when their strategy is mathematically sound.

Risk Management:
They risk only a tiny, predetermined fraction of their total capital on any single bet to survive inevitable downswings.

"I use AI to do my analytics…

My sports betting went way downhill once I reached the end date for the Gray's Sports Almanac.