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[return to "Legalizing sports gambling was a mistake"]
1. vitorb+UI1[view] [source] 2024-09-27 03:50:16
>>jimbob+(OP)
Unfortunately Brazil also legalized it in 2018, after Dilma was impeached using very sketchy arguments (many call it a legal coup).

It is spreading as a cancer. This month the central bank published a report saying that in August 20% of the Bolsa Família, the largest money transfer program for very poor Brazilians, was spent on these bets.

Out of the 20 million people that receive it, 5 million made bets during that month. This is 2 billion reais (about $450M) spent in a single month by the poorest Brazilians.

It's a cancer. Everywhere you go there are ads. The influencers, the biggest athletes and musicians are marketing it.

Although I tend to be liberal, this needs to be heavily regulated.

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2. erfgh+rZ1[view] [source] 2024-09-27 06:51:48
>>vitorb+UI1
The figures you state are misleading. Money bet is not money lost. For example, roulette payout is 97.3% and sports betting payout can be as high as 99% or even 100% (done to attract players so that they open an account).
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