Quote:
Originally Posted by Skallagrim
First you distance your self from studies saying you are only talking from personal experience. Then you immediately make a claim ("it is my opinion that the number of people who are harmed by online gambling does not constitute as small a minority as others like to argue") that is quite properly the subject of study.
I simply feel that using a study about online sports gambling to draw conclusions about the merits and dangers of all forms of online gambling is unreasonable. People are placing their sportsbets online similar to how they would have called those bets into their bookie. I think that the differences between online poker and live poker are larger than the difference between online sportsbets and live sportsbets.
Using this study in the manner that it being used is making the inherent assumption that sportsbetting and poker is equivalent.
A credible study that specifically addressed online poker would be more convincing.
Quote:
Originally Posted by Skallagrim
Second, when did you become an expert on what society should value? Explain to me, if you can, why it is socially valuable to let people compete to become NFL players? Or Golf Pros. Or virtually any other profession that does not produce food or shelter. This is as smug as it gets.
I think the problem here is that people assume that if someone loses $1000 gambling, it means that they gained $1000 worth of utility. In the case of gambling, I think this isn't always true.
When someone decides to gamble with $1000, they aren't necessarily writing off the full value as 'entertainment' because they know that there is some chance of a win. However, if they estimate this chance too high (a likely problem with many gamblers for various reasons), then they are overpaying for the entertainment value that they are actually getting.
It is also important to consider the time spent gambling. For many people, they end up spending more time gambling than they initially planned, and given that time is valuable to them, they have again 'overpaid' for the entertainment that they received.
Where I'm going with this is that when people spend their money on a football game, or decide to spend an evening watching the game on tv, odds are pretty good that they are making a rational, utility maximizing decision.
However, with gambling, the outcomes are uncertain, which increases the likelihood that the decision is not one that maximizes utility for the amount of money and time spent.
I am not saying that gambling does not provide some utility, but that it creates a situation where many people will make a mistake in allocating their resources, so simply making the argument that people always spend their resources the correct (utility maximizing) way is not true in the case of gambling.
So when an online poker player wins $100,000 in a year, one cannot assume that the player created $100,000 worth of entertainment value, while for the NFL player this assumption is much more valid.
I don't mean to hijack this thread; I am presenting my perspective which is also likely the perspective of some of the supporters of this legislation.