I find it undemocratic that sport books can ban serial-winners. It’s flooring your own losses, which it not common business. It should be banned - if people keep beating your odds, you should go out of business it’s your business risk
The problem isn't that books ban winners, but rather that they limit their action to only a few dollars. Other sites like Fanduel will limit action to a percentage of what they offer the general public, which is especially insidious. Sportsbooks should be regulated to forced to accept "bids" on their "offers" with the same amount of depth/liquidity to the public. If casinos are willing to allow a punter to wager $100K on an outcome, they should be forced to accept a sharp bettor to take that same bet. If this results in a world where sportsbooks are extra risk-adverse and have lower limits for everyone, if there are increased cooldowns for the algorithms to suspend markets to evaluated if odds should be adjusted, all the better. If odds are worse for everyone, that's also fine--let these companies show themselves to be the real predators that they are, and let them be scared of being preyed upon like their customers.
@@stereomachine the best sportsbooks are and allow the same action to all the users. They invest more on odds accuracy than in risk management (kicking winners out), which is the way to go.
It had been a long time I watched ESPN, but I put on in my hotel room while I was away on a trip earlier this year. I immediately realized how sports betting has completely ruined everything.
Sportsbetting is gambling, and gambling is an addiction. We as a society cannot allow multi-billion dollar sports leagues to infect people with an addiction.
@@velkorez2822 Fair; I meant OVEReat. Point is that anything can be abused if not done in moderation, and it is not the purveyors of the product that are at fault.
My biggest issue is game integrity being called into question. It's practically impossible to prove, and therefore impossible to disprove as there will always be doubt when it's possible; not to mention encouraged to get involved in sports gambling by every league.
It's clear the American leagues aren't thinking about addiction when it comes to players but I bet some these cases we've seen are cases of addiction. The leagues are so scared of players betting they aren't offering support for folks caught gambling like the European leagues are. Jontay Porter was for sure an addict and he needs help.
Many of these hypotheticals center around the players impacting the results of a game to help bets. What about officials? Wasn't it an NBA ref what was imprisoned for game fixing?
Tobacco destroys far more lives. In the time it took you to read this, someone in the world died due to tobacco. Where is your anger against tobacco? Get rid of the most harmful vices first before you start virtue signaling🤦♂
I just can’t believe there’s that many people who won’t at least casually look up probability and statistics to convince themselves that they have no chance of ever winning consistently in the long run. And then when you realize that the companies they’re giving money to provide absolutely nothing to them in return, but rather just create ever more devious ways to fleece them of their earnings, it just becomes downright sad and twisted. Our culture just keeps finding ways to sink lower and lower. If you wanna gamble, gamble, but it should be done how it’s always been done: quietly and discreetly, or in designated venues, to minimize its destructive and pervasive influence. Our culture should absolutely not be hi-fiving sharks and bookies in the spotlight like this for all the world to see; it’s despicable.
I don't think it's right for players to get in trouble for betting during the off-season or on sports different than their own when we're literally bombarded with at least one gambling ad per commercial break. Players should be smart enough to not place bets on their team or league, but otherwise the conflict of interest is minimal. I guess players with huge losses could be influenced, but even players with huge debt like Jordan had the means to afford the staggering bets waged
they aren't allowed to smoke marijuana why should they be allowed to gamble? I think its more about banning them from doing silly things than the actual gambling aspect whenit comes to other sports
Super interesting topic. Personally I did quite a bit of sports betting when I was a teen through esports. Counterstrike had and still has a whole market of virtual skins which can be gambled, and allowed for kids to access gambling readily. Ever since I haven’t touched betting, it was quite addictive so I’m glad I learned my lesson when I didn’t have much money 🤣
It’s way worse now man. The whole Mr Beast dead tables with golden tickets in random bars. Saying your throwing in a ps5 in with a few random orders to get people to buy t shirts. Any game that has dlc that is a slot machine style of rewards hoping you get that Legendary. I’m in my 30’s and I like betting on football games to make them more interesting but I can’t because it’s illegal in my state. Yet I see gambling on things directed toward children all the time.
The best solution to the Jontay Porter match fixing I've heard is for sports books to stop offering bets on individual athletes to under perform. It much easier to fix a match by under performing than over performing.
But who polices the profits the sports betting companies make? Is there any risk for them? Can they even a make a loss, especially if the betting is done online?
I mean they CAN make a loss but just like any other business, if they run the business well they won't. The whole idea is that the losers pay the winners - their goal is to create betting lines that will get roughly even amounts of money on either side. That's why the line changes over time - if lots of people are betting one side, they'll improve the odds for the other side to get more money to even it out.
Nope. They don't make losses. Only a fool would. In the UK all our big companies are profitable af, most have been bought out but operate under different brands. We're thankfully finally clamping down on gambling advertisement etc. The negative impacts on society can be huge. Ruins lives & families. It took decades to have safeguards in place in the UK, I just pray you yanks figure it out sooner rather than later.
Asking players who play for the NFL to make comments on gambling creates a major conflict of interest considering they could face repercussions for criticizing the system. Shameful “journalism” by Bloomberg.
Whats stopping the in booth reviews from looking at the money lost/won to decide on a call that is basically a coin flip call. Basically turning over a TD or giving someone the TD or call In their favor based on if they will lose more if they call one way or another. They talk about the players but honestly I’m more concerned of the upstairs people who make the calls on “booth review” plays. Not sure if I explained this well but 🤷♂️
Pros have one rule about betting... dont bet on your own sport. A life time ban for everyone who is betting on his own sport or fixing games would be enough, not like a thing they did for Fagioli and Tonali. It is very offensive for people that believes in sport
This further highlights the fact that morality and legality aren't mutually exclusive terms. Something once considered a degenerate act is suddenly advertised everywhere, and the only difference is that now it's making the right people money. As long as we're moving this way I can think of a few other things people continue to do despite being illegal that would instantly become safer if they were simply regulated. The proliferation of gangsters in the 1920's following Prohibition was no accident. I feel like driving people underground into circumstances where grotesque brutality, death, and disease thrives is decidedly more immoral than partaking in those non-violent actions deemed illegal themselves.
The amount of corruption in online poker makes sports gamblers look like Boy Scouts. And this is just based on the number of online poker sites which have been caught and busted. No telling how much more scamming is going on at the sites which haven't been caught yet
How come we always hear about athletes getting busted for tipping sports betting companies, but you never hear of any sports betting employees getting busted for accepting tips?
Just want to clarify for Calvin Ridley, he bet for falcons to win and the over on the second half points. He was betting on them to do better. Not saying what he did was okay just that he wasn’t throwing games
I say let the pros do sports betting… on themselves. On their own team. Never against. That way you t encourages them to play harder. Make their sports betting slips record public. Or at least to officials
It seems too easy for criminal organizations to turn an insider into an asset (just like a gov't spy) who can either provide enough info to take advantage of, or are able to influence a player's performance (either knowingly or unknowingly) enough for the betting org to make a confident bet over the house odds. Once you have that advantage in place, you can start playing the numbers game knowing that while some bets will lose, the majority will win, thus creating a gauranteed ROI. From a criminal's pov, you almost don't want a gauranteed outcome for only one game but rather a small advantage over the course of the whole season(s).
Do pros really make loads of money? The average NFL player is done after 3.1 seasons. Plus, many are still locked into their rookie contract. After the length of a career, a kindergarten teacher will make.more than the average athlete
1:54 "стиль" (stil') in Russian means "style" in English, so the text on the collar is essentially saying "STYLE" in Russian. This is pronounced roughly like "steel" in English, but with a softer "s" sound at the beginning and a slight palatalization (softening) of the "l" at the end. The apostrophe after the "l" in the romanization indicates this soft pronunciation of the final consonant. Perplexity AI helped me with that, for everyone else who’s curious.
Tbh athletes gambling is only really a problem if they are betting against themselves. Aiming for 100 yards in a game… great that’s your job. People might argue that there are specific situations in which interests can be misaligned and that’s true. But that’s always the case for athletes, their interests and the teams interests can’t be aligned perfectly. The issue is when there is an obvious conflict of interests (such as betting against yourself) or a strong enough reason to substantially change your play (if an WNBA player who shoots a couple 3’s a night bets she’s gonna make 8 in a game she’s probably going to play a little differently).
Team members of professional athletic teams by necessity have inside information that is not privy to the general public. Even despite their best efforts there will always be games where the team has a lower than expected chance of winning due to things average people are not aware of - and on which normally betting players would refrain from wagering on. So even if they only ever bet on their team to win, there is still potential for athletes to inappropriately benefit from inside information.
The NFL rule of no betting on NFL games is ridiculous, there should be one rule you can't bet on week-to-week games you could potentially influence the outcome of. This would ban refs or players from betting on any game they're directly participating in. You want to bet on your team winning the Super Bowl or another team winning an individual game go for it.
Like it or not, sports betting saved the NFL and keeps its viewership high. It wouldn’t be half as popular still without all the betting and Red Zone coverage. It’s become about the betting and less about the sporting. So in their long history of being businesses first, of course they’ve courted the betting sites for partnerships and to keep the system propped up.
Sportbetting shouldnt be allowed for athletes, and trading shouldn't be allowed for congress.
Why? It's already illegal to bet on yourself to lose...
This seems a little heavy handed. Why can’t a professional hockey player bet on his favourite NFL team in the Super Bowl?
@@jmoney4695did you just ignore the part where he said politicians shouldn’t be able to trade 😂
@@jmoney4695 because he might know and talk to him through his connections, they just shouldnt be able to
Thats bs. Gambling and stock market should be open for all.
gambling should be treated like cigarettes, illegal to advertise
I still see advertising for cigarettes though
@@dark12ainin the United States?
@@kaffarashortskabhi yes
I’ll never understand why you feel the need to tell other humans what they should and shouldn’t do. Focus on yourself. Outlawing advertising is crazy.
W gambling 🎰 🤑
Just skip over the addiction aspect of it completely.
Everyone already knows about that.
yeh why did they interview wide receivers to talk about it lol
Clearly not the topic
Shhhh… this is Bloomberg, not health advice.
That’s old news lol everyone knows gambling is addictive.
I find it undemocratic that sport books can ban serial-winners. It’s flooring your own losses, which it not common business. It should be banned - if people keep beating your odds, you should go out of business it’s your business risk
The problem isn't that books ban winners, but rather that they limit their action to only a few dollars. Other sites like Fanduel will limit action to a percentage of what they offer the general public, which is especially insidious. Sportsbooks should be regulated to forced to accept "bids" on their "offers" with the same amount of depth/liquidity to the public. If casinos are willing to allow a punter to wager $100K on an outcome, they should be forced to accept a sharp bettor to take that same bet.
If this results in a world where sportsbooks are extra risk-adverse and have lower limits for everyone, if there are increased cooldowns for the algorithms to suspend markets to evaluated if odds should be adjusted, all the better. If odds are worse for everyone, that's also fine--let these companies show themselves to be the real predators that they are, and let them be scared of being preyed upon like their customers.
It is a business. Everyone should keep their right to decide who to do business with.
Betting is a business, not a public service. Casinos are a company, set up to make a profit.
You think sports books are democracies?
@@stereomachine the best sportsbooks are and allow the same action to all the users. They invest more on odds accuracy than in risk management (kicking winners out), which is the way to go.
It had been a long time I watched ESPN, but I put on in my hotel room while I was away on a trip earlier this year.
I immediately realized how sports betting has completely ruined everything.
How did you immediately realies?
Talking money lines on TV is disgusting!!
and just, not very interesting for most people
Sportsbetting is gambling, and gambling is an addiction. We as a society cannot allow multi-billion dollar sports leagues to infect people with an addiction.
Line must go up.
no gambling is gambling 💀
For SOME people; The same way EATING is an addiction for some people. You gonna ban food ads?
@@CowSaysMooMoo well people need to eat, people do not need to do sports betting like what kind of comparison is that?
@@velkorez2822 Fair; I meant OVEReat. Point is that anything can be abused if not done in moderation, and it is not the purveyors of the product that are at fault.
My biggest issue is game integrity being called into question. It's practically impossible to prove, and therefore impossible to disprove as there will always be doubt when it's possible; not to mention encouraged to get involved in sports gambling by every league.
it has been rigged long before legalization my friend
Michael Jordan has entered the chat.
Thats why you can use advanced tools like Xaslarbet AI and take an edge against bookies. Take advantage of today’s technology, it’s not all that bad 😂
🤫
Thank you for this comment bro!
So organized crime vs organized crime.
Is this sponsored by Sportradar?
It's clear the American leagues aren't thinking about addiction when it comes to players but I bet some these cases we've seen are cases of addiction. The leagues are so scared of players betting they aren't offering support for folks caught gambling like the European leagues are. Jontay Porter was for sure an addict and he needs help.
Has it not been clear that America wants its people addicted? Let’s be real.
Many of these hypotheticals center around the players impacting the results of a game to help bets.
What about officials?
Wasn't it an NBA ref what was imprisoned for game fixing?
There were many. The one you're talking abouts friends were co-conspirators were let go.
Yes, but that was a long time ago. Pre fan duel etc.
Players aren't fixing games. Refs? Always and forever
It should be illegal. It destroys lifes and the Sport itself
It being illegal doesn't stop anyone doing it.
Needs more stringent regulations
cope
Tobacco destroys far more lives. In the time it took you to read this, someone in the world died due to tobacco.
Where is your anger against tobacco? Get rid of the most harmful vices first before you start virtue signaling🤦♂
Yes it does @@Nswix
I just can’t believe there’s that many people who won’t at least casually look up probability and statistics to convince themselves that they have no chance of ever winning consistently in the long run. And then when you realize that the companies they’re giving money to provide absolutely nothing to them in return, but rather just create ever more devious ways to fleece them of their earnings, it just becomes downright sad and twisted. Our culture just keeps finding ways to sink lower and lower. If you wanna gamble, gamble, but it should be done how it’s always been done: quietly and discreetly, or in designated venues, to minimize its destructive and pervasive influence. Our culture should absolutely not be hi-fiving sharks and bookies in the spotlight like this for all the world to see; it’s despicable.
I don't think it's right for players to get in trouble for betting during the off-season or on sports different than their own when we're literally bombarded with at least one gambling ad per commercial break. Players should be smart enough to not place bets on their team or league, but otherwise the conflict of interest is minimal. I guess players with huge losses could be influenced, but even players with huge debt like Jordan had the means to afford the staggering bets waged
Or, we can accept that sports are nothing more than entertainment, like Hollywood.
they aren't allowed to smoke marijuana why should they be allowed to gamble? I think its more about banning them from doing silly things than the actual gambling aspect whenit comes to other sports
Regardless of what will be put in place. People who want to bet will eventually find a way to to bet 😅 Where there’s a will, there’s a way
fr like would they rather people bet illegally?
Super interesting topic. Personally I did quite a bit of sports betting when I was a teen through esports. Counterstrike had and still has a whole market of virtual skins which can be gambled, and allowed for kids to access gambling readily. Ever since I haven’t touched betting, it was quite addictive so I’m glad I learned my lesson when I didn’t have much money 🤣
It’s way worse now man. The whole Mr Beast dead tables with golden tickets in random bars. Saying your throwing in a ps5 in with a few random orders to get people to buy t shirts. Any game that has dlc that is a slot machine style of rewards hoping you get that Legendary. I’m in my 30’s and I like betting on football games to make them more interesting but I can’t because it’s illegal in my state. Yet I see gambling on things directed toward children all the time.
I think its very rude to only blame the players, when the clubs leagues and governments are all more than happy to profit from betting companies.
The best solution to the Jontay Porter match fixing I've heard is for sports books to stop offering bets on individual athletes to under perform. It much easier to fix a match by under performing than over performing.
But who polices the profits the sports betting companies make? Is there any risk for them? Can they even a make a loss, especially if the betting is done online?
I mean they CAN make a loss but just like any other business, if they run the business well they won't. The whole idea is that the losers pay the winners - their goal is to create betting lines that will get roughly even amounts of money on either side. That's why the line changes over time - if lots of people are betting one side, they'll improve the odds for the other side to get more money to even it out.
Nope. They don't make losses. Only a fool would. In the UK all our big companies are profitable af, most have been bought out but operate under different brands. We're thankfully finally clamping down on gambling advertisement etc. The negative impacts on society can be huge. Ruins lives & families. It took decades to have safeguards in place in the UK, I just pray you yanks figure it out sooner rather than later.
They also BAN/LIMIT people who win too much.
@@coolcreepthat’s not how it works. Books move on sharp action to find the proper probability. They don’t care about equal action
In the US most of these books aren’t profitable. They have huge tax rates and a lot of competition
Asking players who play for the NFL to make comments on gambling creates a major conflict of interest considering they could face repercussions for criticizing the system. Shameful “journalism” by Bloomberg.
Yes, your information is valuable.
Whats stopping the in booth reviews from looking at the money lost/won to decide on a call that is basically a coin flip call. Basically turning over a TD or giving someone the TD or call In their favor based on if they will lose more if they call one way or another. They talk about the players but honestly I’m more concerned of the upstairs people who make the calls on “booth review” plays. Not sure if I explained this well but 🤷♂️
Wait until they have their own "Pelossi" or "Cramer" and this industry will pop even more
Julius Thomas is an incredible achiever - would love to know more about that guy
In America, only after they completely dismantled La Cosa Nostra did the government introduce online sports betting.
“Harry Kane’s already scored, we’re half way there”
Proceeds to show lost bet screen 😂
Various congresses and parliaments around the world.
Pros have one rule about betting... dont bet on your own sport. A life time ban for everyone who is betting on his own sport or fixing games would be enough, not like a thing they did for Fagioli and Tonali. It is very offensive for people that believes in sport
This further highlights the fact that morality and legality aren't mutually exclusive terms. Something once considered a degenerate act is suddenly advertised everywhere, and the only difference is that now it's making the right people money. As long as we're moving this way I can think of a few other things people continue to do despite being illegal that would instantly become safer if they were simply regulated. The proliferation of gangsters in the 1920's following Prohibition was no accident. I feel like driving people underground into circumstances where grotesque brutality, death, and disease thrives is decidedly more immoral than partaking in those non-violent actions deemed illegal themselves.
So no mention of Ohtani in this video…ok
😂😂
I love betting but i am broke now.Can someone lend me 5k for a week.I will pay 15% interest.
If people were questioning if sports were fixed before, now they are sure.
No sports betting for players and refs in sports, nothing but index funds for politicians
We want on line POKER back!!!
The amount of corruption in online poker makes sports gamblers look like Boy Scouts. And this is just based on the number of online poker sites which have been caught and busted. No telling how much more scamming is going on at the sites which haven't been caught yet
Lakers Vs Kings 02’ was a pretty big sports betting scandal
Yooo the backwards boat at 7:16 is craaazyyy
How come we always hear about athletes getting busted for tipping sports betting companies, but you never hear of any sports betting employees getting busted for accepting tips?
*** Nancy Pelosi has entered the chat ***
Phsst.. let me tell you a secret, pro players have been betting in their leagues for decades and the teams management all know about it.
Binary options can bring a lot of money, especially if you use it in a right way
Got a parlay locked and loaded for the nba opening night watching this to pass the time 💯💯
Two for the money 🤑
Just want to clarify for Calvin Ridley, he bet for falcons to win and the over on the second half points. He was betting on them to do better. Not saying what he did was okay just that he wasn’t throwing games
Let’s go gambling!
Could you do a video on advanced candlestick patterns?
“This presentation has been brought to you by DraftKings”
Players should be allowed to place bets... but ONLY betting if their team wins. No other bets allowed for players.
No, because they have also have inside information as to when their team is more likely than normal to lose.
Wow, Orange Thomas is impressive, both on and off the field.
It’s all about the money.
I say let the pros do sports betting… on themselves. On their own team. Never against. That way you t encourages them to play harder. Make their sports betting slips record public. Or at least to officials
What’s that sports bar @ 3:11
Interesting to not mention Ohtani
Just feel like I should gamble again.
Eye opening
It seems too easy for criminal organizations to turn an insider into an asset (just like a gov't spy) who can either provide enough info to take advantage of, or are able to influence a player's performance (either knowingly or unknowingly) enough for the betting org to make a confident bet over the house odds. Once you have that advantage in place, you can start playing the numbers game knowing that while some bets will lose, the majority will win, thus creating a gauranteed ROI. From a criminal's pov, you almost don't want a gauranteed outcome for only one game but rather a small advantage over the course of the whole season(s).
Yep
what they think we want: sports betting
what we actually want: the return of video poker at buffalo wild wings
Привет из Сибири!!! Респект большой богач!!
It makes more money to rig a game than to actually earning the salary
What if the nfl was already fixed for a long time, and the Supreme Court paved the way for it to scale its business model?
Sports betting is a simple money-funnel from young men to old men.
No. Sports are all pure, no corruption there!
clever thumbnail
It's easier to predict because all the casual betters...
Sports betting is a lot like options trading. Treat it as such and you'll come out on top.
Lol they’re against anyone making money but themselves (betting/gambling companies
If you make loads as pro athlete and do this you deserve everything you get...
Do pros really make loads of money?
The average NFL player is done after 3.1 seasons. Plus, many are still locked into their rookie contract.
After the length of a career, a kindergarten teacher will make.more than the average athlete
@@EverettBurger yes.
It's a disgusting blight
Hi I'm Chu from Philippines . Too long already I want to learn how to trade but i don't know how to start
Julius the only person they should be interviewing lol
Yo but whot tf is Jontay Porter, was he ever in a line up?
1:54 "стиль" (stil') in Russian means "style" in English, so the text on the collar is essentially saying "STYLE" in Russian.
This is pronounced roughly like "steel" in English, but with a softer "s" sound at the beginning and a slight palatalization (softening) of the "l" at the end. The apostrophe after the "l" in the romanization indicates this soft pronunciation of the final consonant.
Perplexity AI helped me with that, for everyone else who’s curious.
Tbh athletes gambling is only really a problem if they are betting against themselves. Aiming for 100 yards in a game… great that’s your job. People might argue that there are specific situations in which interests can be misaligned and that’s true. But that’s always the case for athletes, their interests and the teams interests can’t be aligned perfectly. The issue is when there is an obvious conflict of interests (such as betting against yourself) or a strong enough reason to substantially change your play (if an WNBA player who shoots a couple 3’s a night bets she’s gonna make 8 in a game she’s probably going to play a little differently).
Team members of professional athletic teams by necessity have inside information that is not privy to the general public. Even despite their best efforts there will always be games where the team has a lower than expected chance of winning due to things average people are not aware of - and on which normally betting players would refrain from wagering on. So even if they only ever bet on their team to win, there is still potential for athletes to inappropriately benefit from inside information.
That Rays shirt tho
Sponsored by Betway
Only the companies can have the power to rig games for money 😂 not us poor folks 😅
NFL/NBA/MLB athletes are hard to corrupt due to their high salary. Referees and umpires, not so much
Rhetorical question - How many Division 1 college athletes are there who do NOT get a lot of money from their Name, Image and Likeness ?
create this type of video documentry about india's sports betting app like: dream11, mpl etc many more and crickter promoting sports betting app.
doesn't seem like gambling is an issue concerning the outcome of games anymore. 1.4 trillion eruos why that is.
All the comments saying American politicians should be banned
It's all fixed
Why is terron wearing a short with Russian lettering?
The house always wins in the long run
Someone should tell TERRON ARMSTEAD, that GAMBLING on Sports is NOT and "Investment" lolololol.
brought to you by fanduel
It's not gambling itself that is the problem, it's organized gambling (i.e. cheating) that is the problem. Kind of like religion.
Novak getting offered 200k to throw a match? Talk about chump change 😂
Match fixing in sports? Oh no!
That’s all I see in the nba …..fixing the game …..
Thanks gd for sports betting and rigging
Iykyk. Only bet under dogs and live
Gambling is the worst
Best 🤑
What other market is there?
Why can't the richest humans eva ( sportspersons) bet ?
The NFL rule of no betting on NFL games is ridiculous, there should be one rule you can't bet on week-to-week games you could potentially influence the outcome of. This would ban refs or players from betting on any game they're directly participating in. You want to bet on your team winning the Super Bowl or another team winning an individual game go for it.
Breaking news Beacon Tracker Unjustified use By Jamaica England And America 2024
Like it or not, sports betting saved the NFL and keeps its viewership high. It wouldn’t be half as popular still without all the betting and Red Zone coverage. It’s become about the betting and less about the sporting. So in their long history of being businesses first, of course they’ve courted the betting sites for partnerships and to keep the system propped up.
Didn't know Trevor Wallace played in the NFL
the devil does
Ofc the players are pro betting because they work for the NFL lol