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flabberghaster wrote

Reply to comment by rain in Gambling CW -- What's the catch with these promos? by twovests

I think you should not give these casinos one red cent, you're not gonna beat the house. Everyone who gambles thinks they might, and if they were right, there would be no casinos.

If you gamble, go in expecting to lose. If you're doing it for fun, then have fun. But you're giving money to some of the worst and most rapaciously exploitative businesses in America.

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rain wrote

I upvoted you because in general I agree.

If I did do it, it would be with the intent of doing a write up on the experience. Probably won’t because I have more than enough on my plate right now, but if I had the extra free time it would make an interesting post.

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twovests OP wrote

Yeah, that's another issue. I was looking at this as "their business model is to lose money to get people hooked, but if I don't get hooked, I'm just taking money from an evil business."

But that ~$200 loss is subsidized by the people who do get hooked. The fact that they offer $200 in bonus bets means they're expecting to extract at least $200 from every person who takes the bet to break even, which is a mind-boggling amount to spend to gamble.

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rain wrote

$200 is peanuts to a gambling addict. I remember back in the 80s I had a relative who bought $100 in lotto tickets every week. It’s scary to think how much she would have spent in a casino.

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