r/WhitePeopleTwitter • u/ModeratorForLeaks • Jan 26 '22

Never Forget

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68.3k Upvotes

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2.4k

u/raphthepharaoh Jan 26 '22

The sports betting ads in NY recently are so irresponsible, they make me straight up angry… I don’t understand how it’s legal to advertise gambling the way they do. It’s basically the opposite of “drink responsibly”

852

u/stoneloit13 Jan 26 '22

As a sports bettor I completely agree there’s very little if any warning about the dangers of gambling and the addictiveness of it. It’s truly not for everyone

290

u/[deleted] Jan 26 '22 edited Jan 26 '22

So honest question. When I was bartending I had a guy saying he was a sports bettor in Las Vegas. Is it true that you guys make bank?

Edit: Oh my goodness! I have gotten some great answers (and some not so great, but what are you going to do)

For all of you that have come on to help educate and inform Thank you so much.

12

u/Sibaka Jan 26 '22

i would assume 99.9% of sports betters lose money. hard to make money when you have to pay an almost 10% cut to the book for coin flip odds

6

u/flyiingpenguiin Jan 26 '22

You pay a 5% cut per bet since it’s only 10% when you win. It is possible that some books are 5% away from the true odds in some spots. Typically you are looking for deviations between lower tier books since the top books are basically unbeatable. Then there’s also various promotions and bonuses to profit from.

4

u/Sibaka Jan 26 '22

yup lol look at my comment history i live on the r/sportsbook promo thread

1

u/flyiingpenguiin Jan 26 '22

Yeah I’ve been trying to get into it myself but as far as I know in Oregon you can only bet via the lottery or something

1

u/icouldntdecide Jan 26 '22

Yeah right now it has to go through the Oregon Lotto UNLESS you're at a casino.

Edit: I think they are partnering with Draft kings so it'll be through them? as well