Discussion about this post

User's avatar
Jonathan Wang's avatar

I wonder if having a sports betting equivalent to "accredited investor" would be a way to put a ceiling in for X losses over Y time for most users. Basically have some default self-exclusion rules put into place for any new sports betting account unless the user can demonstrate some minimum income/net-worth requirements to reduce the risk that anyone is gambling away their life savings.

Obviously I don't think any book would ever support such a thing because it would 1) directly impact their bottom line and 2) introduce a lot more friction into the experience for whales, but this might be a binding way for regulators to try and minimize the maximum amount of harm the average bettor could experience.

Also, side note, as someone who had been hammering HR prop promos, it is really funny that you chose to use that as an example. I think there were several books (Betr and ParlayPlay come to mind) over the regular baseball season that are now seriously regretting boosting payouts Ohtani HRs.

Expand full comment
Alene's avatar

This is super sad and concerning. :-/ Thank you for letting people know.

Expand full comment
4 more comments...

No posts