Sports betting
- Thread starter clonedude
- Start date
Yeah, I know. I've never had an issue with that.... so hopefully that won't be the case.
I can go into a casino with the idea I'm only willing to lose 30 bucks, and when it's gone, I'm done..... and I've never had an issue just walking out when the 30 bucks is gone. I've never said...... "well just 30 more bucks then I'm done..... I know I can win it back!". I've never had that problem.
Then you should be good to go. Not the case for many. I used to wager every weekend many years ago when we were without kids and living in Chicago, nothing huge, but it snowballed a bit and one weekend I dropped $600 and tried getting it all back on Monday night, and lost. Still pretty small potatoes comparitively, but pulling $1,200 out of the account to hand over to a bookie is not a good feeling, and not fun to have to confess to wifey. I now bet once a year on the Super Bowl, $100, and that's it.
I've been using William Hill for a year now. I liked it ok but I just switched to Fan Duel, they cover a no risk bet up to $1000 on first bet after sign up so I'm going heavy on Green Bay tomorrow. I'll probably keep both accounts for now but will probably go to just one eventually.
Did the same thing. Joined Fan Duel during bowl season, and put $850 on Oklahoma to win bowl game. Withdrew my $1000 and playing with house money now.
I wonder if there will be a large increase in gambling problems because of the ease of betting from your couch on an app.
That's kind of what I'm interested in doing. Having a little fun, not trying to make a bunch of money, and I'm okay with losing $20-$40 a week for a little entertainment...... especially in times of Covid where we're not eating out at all, going to movies, concerts, etc.... I'd still be saving money if I lost $40 a week.
Lol yes. Athletes and staff are prohibited from gambling on any sports, college or professional.
So i'm probably gonna start wagering small at some point, and I have no prob w gambling being legal, but just a cautionary tale for some about what gambling addiction can look like.
I have a friend who is 62. In his job, he has made between 120k and 200k every year since 1994. Every year, for almost 30 years.
He currently has about 150k in retirement savings and a 150k mortgage on a 250k home. He is not destitute, by any stretch. But imagine if he had put the money he lost gambling into his 401k. He would have like $2M dollars rolling around.
Just as a guess he has probably lost 20-40k annual for those 30 years. And of course all the possible compound interest.
I imagine if he made less money he would have lost less too, but would also not have even what he has either.
So just pick out what you can afford to lose per week, month, year and dont go over that kids!
Also, I love green bay today lol
I have a friend who is 62. In his job, he has made between 120k and 200k every year since 1994. Every year, for almost 30 years.
He currently has about 150k in retirement savings and a 150k mortgage on a 250k home. He is not destitute, by any stretch. But imagine if he had put the money he lost gambling into his 401k. He would have like $2M dollars rolling around.
Just as a guess he has probably lost 20-40k annual for those 30 years. And of course all the possible compound interest.
I imagine if he made less money he would have lost less too, but would also not have even what he has either.
So just pick out what you can afford to lose per week, month, year and dont go over that kids!
Also, I love green bay today lol
That's rough when you start to look back at those type of amounts. For me, I put $100 in my account at the bringing of football and basketball seasons and no more. For the couple times I've gotten over $200, I've pulled money out to get back down to $100. In the end, I'm down $100 total over a couple years. But you have to treat it as entertainment money that's gone as soon as it's sent to the site. Never count in any sort of income from it and it won't ever affect your livelihood.
I have stayed away from it because I can tend to be stubborn and strong willed with stuff like that. I will go to the casino with friends or play a game of cards every once in a while, but I don’t think always having betting at my fingertips is a good thing for me. If I lose money on a stock, I get mad about it and continue to buy more and more as it goes down. It usually works in investing but that mentality is horrible for betting and I don’t think I’d be able to shut that off.
FWIW I have no problem with others partaking, it’s just not a good deal for me.
Would also be curious about this. Feel like our account information is in too many places already, but relying on a gambling website for a level of security would make me the most nervous.