SportsBetting, Football, SAFE Bet Act, Prop Betting

Ever wondered why the average sports bettor is destined to lose? In this eye-opening episode, we unravel the financial pitfalls of sports betting, particularly during football season. You'll learn how casinos, sportsbooks, and bookies always come out on top, while the average bettor is set up for failure. We dive into the staggering revenue generated by sports betting and the hypocrisy of major sports leagues that promote gambling yet restrict their players from participating. We also talk about the Safe Bet Act and the ongoing legal battles surrounding player likenesses with platforms like DraftKings and FanDuel.

Unmasking the false promises of 'fair,' 'responsible,' and 'safe' gambling, we reveal how these terms are crafted to favor big corporations at the expense of the player. Discover the insidious role of AI and advanced technologies that make gambling temptations harder to resist, especially through smartphones and platforms like Apple AI. Finally, we highlight the importance of joining supportive communities like the Recovery Freedom Circle to break free from gambling's grasp. Tune in for an essential guide to leading a healthier, more fulfilling life away from the betting traps.

Chapters

• 0:01 Sports Betting
• 17:47 False Promises of Gambling and AI

Transcript

Speaker 1: 0:01

Sports Betty Football Football season is here. Can you make money? The short answer no, the casinos and the sportsbooks and the bookies they'll make the money. Welcome again to another episode of the 1% in Recovery podcast, where we encourage you to laugh every day. It's easy to laugh when you're not gambling. To work hard. To work hard in recovery, work hard in your relationships, work hard in your business or the job that you have. Yes, work. Unlike when you try to gamble. You try to get something for nothing. And to love unconditionally. It's so easy to love and give love when you're not consumed with gambling and all forms of it. Understand a few things Recovery is beautiful. Your EQ is your IQ. You cannot outthink an emotional issue. We encourage you to join the Facebook group Recovery Freedom Circle. That is where we create community, where you get to participate, share all your accomplishments in recovery, your struggles as well, your questions, any quotes, anything that we should know about to celebrate because we are a community. Recovery is about people. It's about humanity.

Speaker 1: 1:28

Now let's get into this week's episode Sports betting, football and all the other aspects of it. Now the Safe Bet Act has been implemented by Congress, about the new prop betting rules in specific states and all the new lawsuits. What I thought gambling was supposed to be easy revenue. The way lobbyists were proposing this to all the different states is that gambling was just a win-win. Not only did the operators provide jobs, they also provided all this tax revenue, extra tax revenue as though the money just came out of nowhere and went into all these state coffers for all the different services that they needed this money for. Oh the lies, the lies that they had. As well as that, anything that associated with gambling was a plus no different than any other vice, whether it's alcohol, cigarettes, alcohol, cigarettes. So let's dive into what is already happening in the first two weeks of the football season. Once the NCAA and the NFL start, everyone is supposed to be glued. We're supposed to have fun in football, because football has always been the driving force for sports betting. It's always been. It was the first thing that I bet on was football, was the 1978 Cotton Bowl, notre Dame against UT, and that is where most people begin, whether it's with fantasy sports. But they start off with their lineups in football or they start off gambling and their first bets are with either their college football or with the NFL. So that's why the fall always brings on this hope that somehow you're going to make money. You will not.

Speaker 1: 3:40

Let's look at first off the amount of money that was generated in 2023 with sports betting Revenue Revenue from the sports books casinos $66 billion For a profit of $10 billion. I always say follow the money. Where's this money coming from? I always say follow the money. Where's this money coming from?

Speaker 1: 4:24

Yes, just because people bet, they're the average person will lose $550. This has been documented throughout Las Vegas. It was first shown to me through A&E TV show in 2000. It's no different than a lot of the YouTube channels and all the other information that is out there. This has been a constant statistic. So, if every tourist that lands in Vegas, average losses average losses is $550. It's no different than if you move that over into sports betting that the average person will lose, and lose big. That's why there are so many people having problems, whether you're a college student or whether you're in retirement and anywhere in between the let's just even just say 21, which is the legal age of gambling 21 all the way to 75. Yes, that's going to be probably the just of all the different sports bettors, but they're all going to lose.

Speaker 1: 5:36

See, the thing is is that casinos aren't happy with the $10 billion profit. They want the $40 billion that is already placed on offshore with illegal bookmakers. They always want to talk about how they're going to protect the gambler. No, they're not. They keep talking about how you have unregulated offshore books in the Bahamas or some other countries. Personally, I agree with them. You've got to be an idiot to be betting with offshore accounts. It's easy to find a bookie within your city or, if you're actually looking to bet, or you would bet with the so-called states that allow it.

Speaker 1: 6:19

I live in Texas. Texas and California the two biggest states still have zero sports betting within the states, and that's what irks and irritates all the big players the DraftKings, the FanDuelz, the Fanatics, the BetGM, bet365, betmgm, espnbet, penn Entertainment. The list goes on and on and on. Who are all the big players? But let's just look, within the first two weeks already, at the problems. See, people don't want to talk about the problems. We already talked about the problems.

Speaker 1: 6:54

Mlb Players Association that means the Major League Baseball Players Association is suing DraftKings and FanDuel. Why is suing DraftKings and FanDuel? Why Because FanDuel and DraftKings thinks that they can use their likeness for their platforms. Players Association as well as the NFL. They feel like the likeness no different than the NIL in NCAA football is. You need to be compensated for that. So this will probably be settled in one form or another.

Speaker 1: 7:33

The thing is is players are not allowed to bet on their sport. They are pretty much discouraged and they are usually penalized if they're betting on any other type of gambling. But all the owners and all the actual sports leagues are pushing gambling down everybody's throat. Don't you find that ironic? Now, they do the same thing with alcohol. They push alcohol down your throat, but they have no problem with any of the players in any sport drinking beer, drinking liquor. People think that it's going to compromise gambling. Well, it already got compromised in all the major sports leagues the NBA, the NFL major sports league, any of FIFA, all the big organizations that have condoned.

Speaker 1: 8:27

Because of what Money? It always comes down to money and that's why I always say is that's why gambling is a scourge, because gambling takes money out of the economy. It will give you these fancy ideas that you're going to make money by not be able to, not by working, but picking a football team by the turn of a card, by the roll of a dice. None of that is possible. They are all designed for you to lose. That's why they make the money, and you're always crying, crying, crying, crying. So that's the first thing that came about. The other thing is I didn't even know that there was actually rules on the tickets for a game.

Speaker 1: 9:09

A football game, especially college or NFL, has to play at least 55 minutes for the actual bets to be considered valid. Now this came about because South Alabama was playing Northwestern State. They were up 87 to 10. That was the final score. The line was 39. But here's the thing Originally, those tickets were deemed void because the teams cut the fourth quarter short by six minutes, so they only played 54, and the legal limit is 55 minutes.

Speaker 1: 9:50

You always learn something new every year. Now they ended up paying out all those tickets. First of all, the totals were already established. They were already established, probably almost by halftime, whether you had a winner with the over or you had a loser with the under. So those were already. And then, of course, if you had played the first half or the third quarter, those bets were already all official. The question was actually the total game, where you were playing the second half, and they paid those out, but those originally were void and you kind of learned something and it's already happened three times this year why coaches don't even understand that they should be playing up to 55 minutes.

Speaker 1: 10:37

Don't cut the game short, you're getting your ass kicked. You're getting your ass kicked. Just take the pummeling. Maybe you'll learn to not schedule these people just for money, because a lot of times the reason these schools are playing these other schools is because they're getting paid. They're getting a payday and your payday includes getting punched in the face, getting stomped on and getting bloody. Take your licking. So the other things are prop betting.

Speaker 1: 11:04

Now prop betting is becoming now a major concern. Now, no one knew this was coming. The casinos knew it was coming. The sportsbooks knew it was coming. All of a sudden, now prop betting is illegal in certain states Ohio, louisiana, maryland. They're looking after the mental health of the NCAA players in those states as well, as now the Major League Baseball is really concerned. Why? Because bettors who lose tend to take it out on a specific player if they had a prop bet. It was actually listed on the ESPN website.

Speaker 1: 11:43

Auburn quarterback was talking about how bettors were asking the quarterback to refund their lost bets through Venmo. Now they obviously don't share any of the Venmo wins. When they win either a parlay or straight up bet or some type of prop bet but they will always just like a total loser. That's what gamblers get to be. They become losers and then they start blaming other people. They don't take responsibility for their own bets. They don't understand the value of money. They blame others and all they do is harass other people for not fulfilling some type of prop bet the over or the under. What are the other things? So here's how we know that casinos don't really care about the players. That's why they keep talking about responsible gambling, safe gambling. That is total BS, because if you actually look at the trends, what are the trends?

Speaker 1: 12:44

The most bet-upon games in the NFL are island games. Do you mean by island games? I mean there's no other competition. It is usually the one that's broadcast nationwide. A Thursday night game, a Sunday night game or a Monday night game those are island games. The biggest handles. That means the most money that's bet upon will happen on these island games, most notably Sunday. Why Sunday night? Because you're trying to chase. You're chasing from your losses from the morning and the afternoon games. The only other time is a Thursday night game, which is usually the very first game of the year. It's a Thursday night. Everyone gets excited. It's usually the Super Bowl. It is the Super Bowl champion against somebody else. And if you look at 2023, looking at an NFL game that had the most handle that it was played either in the morning games or the afternoon games ended up listing 13th on the list Out of the top 10, seven of them were on a Sunday night game.

Speaker 1: 13:54

The other piece of what I can tell you where people are constantly chasing, where I know that they're losing, is just the way people are betting. 65% of all NFL action is done prior to kickoff. That means 35% is done through live betting or when the game's already in progress. That means people are already chasing. Yeah, you want to think that. Oh no, they kind of know what's going to happen in the second half and they kind of want to let the first half go For the most part, one-third of all betting. This never happened before, because there was no such thing as live betting before Now, because the sports books know that it's just easy money, just like the parlays, just like any other thing that sucker gamblers in Just dumb, dumb gamblers. They just never learn. I can't understand math. It's just simple math and really statistics. So that's how I know. People are constantly chasing and will continue to chase the rest of the year.

Speaker 1: 14:55

Now, if you need help the Recovery Freedom Circle, I can help any gambler, any alcoholic that wants to learn how to live better, understand their character, understand what the revised steps that I rewrote can help you. And the last thing I'm going to cover is what they call the Safe Bet Act. What they call the Safe Bet Act, two people there's a rep from New York, paul Tonko, and then Senator Richard Blumenhall from Connecticut have pushed this legislation through. You're going to look at three different things. Now I don't like the way it's actually what the safe word actually stands for Supporting affordability and fairness with every bet act.

Speaker 1: 15:42

That is complete bullshit. There is no fairness in gambling. It's always against it. There's no such thing as affordability. If you look at all the literature out there that says you should only bet, you should have a bankroll, bankroll is probably about 2% of your income and you should also be betting only 1% to 5% of your bankroll. So if you have $500, you're making $25 bets, which doesn't interest anybody for the most part, but the act that is being pushed upon has three things Advertising, affordability and AI Advertising. We already know this from the UK, from the United Kingdom already, how they've started changing a lot of their advertising. We already know this with tobacco in the US. You've got to stop and you have to control the advertising. It is too manipulative. It's all BS about no sweat bets, free bets, all this terminology that they use, insurance bets. It's total crap. It's to get you to play and get you to keep playing and betting. So there is no such thing. That's why the advertising needs to be curtailed.

Speaker 1: 17:06

The other thing is affordability. People really are thinking that they can actually make ends meet gambling. No, you're just going to create a bigger hole and you're going to put more things at risk than only your rent or your mortgage. But your phone bill, your food bill, everything else. But your phone bill, your food bill, everything else there's no such thing. You know trying to get people casinos to really understand that put limits on people Like you cannot make more than five deposits in one day in a 24 hour period. That means you're doing more than that. You are chasing and also trying to understand that if you've actually bet more than $1,000, there are some stipulations within the act. They're trying to make it much more affordable.

Speaker 1: 17:47

Look, if people want to gamble, gamble. If people want to drink, drink. The society has said they want this. But what we've got to stop doing is lying about gambling. Stop saying stupid words like fair gambling, responsible gambling, safe gambling. It's all bullshit. Gambling is gambling and you will, in the long run, lose. That is how it's designed. That's why casinos, that's why big corporations, are getting into this. You think they're getting into this game because there is some chance of losing. No, they're getting into this because they think and they assume you're an idiot and you're going to give them over easy money. And the last part is AI. You have no way to control AI. It's on your smartphones and now, with Apple AI and all the other types of AI, it is going to be very challenging and it's hard to stop when you're constantly bombarded by AI. So with that, we're going to conclude this episode of the 1% in recovery podcast. Don't gamble. Join the Recovery Freedom Circle and just live your best life.