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re: Americans are cannibalizing their retirement savings to gamble on sports
Posted on 7/28/26 at 7:42 pm to Jim Rockford
Posted on 7/28/26 at 7:42 pm to Jim Rockford
quote:The odds are that this is true.
a new study from BYU Finance professors is finding people are saving less to fuel gambling habits.
Truth is -120 according to DraftKings (the crown is yours!)
This post was edited on 7/28/26 at 7:43 pm
0
Posted on 7/28/26 at 7:45 pm to Jim Rockford
This is just Wall Street angry they have no longer monopolized retirement plans. Everyone knows that getting sick, 6-leg parlays on MACtion beats the S&P 500 every day of the week.
Posted on 7/28/26 at 7:47 pm to Veritas
quote:
quote:Usually give myself $20 a week. So you bet like once or a dollar a game?
I put enough money into my account to get the balance to $20 at the beginning of each college football season and I use that to make roughly $5 of bets each week. Sometimes parlays, sometimes single bets.
I haven’t had to add money the past 3 years.
Posted on 7/28/26 at 7:51 pm to Jim Rockford
Don’t want to hear anyone complain they are poor in retirement.
But of course they will.
But of course they will.
Posted on 7/28/26 at 7:51 pm to Jim Rockford
I don’t bet at all.
Posted on 7/28/26 at 7:53 pm to TorchtheFlyingTiger
quote:
futures trading
What the frick is even this if it’s not just gambling? I keep getting adds for Kalshi or Polymarket telling me I can future trade on weather, sports, world events, etc….
It’s just straight up fricking gambling called something else. Futures markets and futures trades sicken me way more than sports betting.
Posted on 7/28/26 at 7:58 pm to Oilfieldbiology
quote:
I keep getting adds for Kalshi or Polymarket telling me I can future trade on weather
IBM built Watson at first to basically anticipate weather, especially after buying Wunderground, and they can't make money. (IBM at its best.)
Posted on 7/28/26 at 8:00 pm to SonicAndBareKnuckles
quote:
You’re not a sports fan.
Brother, since having kids, could give a shite less about sports.
I'm not sitting and watching a game for 3 hours that has no impact on my life.
At least if there is a chance I could win money, it gives me a reason to tune in
Posted on 7/28/26 at 8:04 pm to WaydownSouth
quote:
since having kids, could give a shite less about sports
not sitting and watching a game for 3 hours that has no impact on my life
At least if there is a chance I could win money,
So, gambling is more important than your kids?
Posted on 7/28/26 at 8:06 pm to Jim Rockford
quote:
Americans are cannibalizing their retirement savings to gamble on sports
Gotta get ahead somehow
Just one 20 leg parlay to change your life
Posted on 7/28/26 at 8:07 pm to Jim Rockford
quote:
retirement savings
So much more fun to put it in the slots. All those flashy blinky lights and fun noises. What’s not to love?
God, people are dumb. Myself included.
This post was edited on 7/28/26 at 8:08 pm
Posted on 7/28/26 at 8:12 pm to Joshjrn
They don’t realize that sports betting only exists because about 99% of bettors lose over the long run. If people actually won in betting over the long run, then the books couldn’t exist.
And, to top it all off, there are rumors that the 1% of bettors who actually win will get banned from books.
And, to top it all off, there are rumors that the 1% of bettors who actually win will get banned from books.
Posted on 7/28/26 at 8:14 pm to Shorts Guy
quote:Got nothing on pachinko.
All those flashy blinky lights and fun noises
Posted on 7/28/26 at 8:14 pm to LemmyLives
quote:
So, gambling is more important than your kids?
Wild that you came to that conclusion from my statement
This post was edited on 7/28/26 at 8:15 pm
Posted on 7/28/26 at 8:15 pm to WaydownSouth
quote:You stated you didn't have time for sports because of kids. Unless you had a gambling interest in it. What's so hard about that connection?
Wild that you came to that conclusion from my statement
Posted on 7/28/26 at 8:15 pm to Jim Rockford
I've never gone to a restaurant to discuss bets.
Posted on 7/28/26 at 8:20 pm to UFFan
quote:
And, to top it all off, there are rumors that the 1% of bettors who actually win will get banned from books.
It's not a rumor
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