I've been in the gambling industry working the worlds biggest operators for 7+ years. Business is booming during times of financial downturn, as desperation drives users to gamble beyond their means to cover that overdue rent and to afford their ever increasing expenses - the chat transcripts from customer contacts contain everything from begging for free bets to suicide threats). When times get worse for the individual they get better for gambling companies - only the most destructive industries get that privilege during a recession.
Gambling operators don't rob you straight away, so it's very slipper slope the more you play. Their RTP usually hangs just a single-digit% under 100. You win a spin, you loose a couple more then win again, but over time you're loosing 6-9% monthly. [When Facebook saw this, they understood that a seemingly random win/loose pattern keeps a human engaged as they're waiting for that next win, and the anticipation of that release the dopamine that's going to form the habit. So they decided to move from their chronologically ordered news feed, into a 'algorhytm drivern' one and now you're seeing one relevant post, then 2 more that seem total BS, then an AD, then another good post... Keeps you scrolling just like the RNG with crafted Pay Lines on a slot keeps you spinning.]
The removal of the online gambling prohibition in the US has been a huge source of revenue and it's easy to see why: online gambling means there are no barriers to entry, you don't have the stigma associated with going into a retail place, nor the distance to keep you away, there's no business hours as it runs 247 etc. At the same time, it's added another plague to the already battered American spirit - just more proof that government and it's agencies don't care about the individuals.
The regulators are in kahoots with the oeprators; legislation they draft is known beforehand and whilst it looks like it's meant to protect customers it's actually helping operators to keep you on for longer (ex: UKGC upcoming ruling a max spin of 2;5 GBP on slots isn't a barrier to overspend but rather a way to prolong session lenght).
Oh one last thing, because they are online, most gambling companies are in fact tech companies and the level of delusion within is something else (internally, our divisions are called gaming not gambling - hilarious).
Derpy Kitty
npub19g…upxry
2024-08-22 19:01:15
in reply to nevent1q…yx65
Author Public Key
npub19gyj5mu5g7q5f9624cauwhtdw472sxjkkf2urz8x3jx6fe96vyqqyupxryPublished at
2024-08-22 19:01:15Event JSON
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"content": "I've been in the gambling industry working the worlds biggest operators for 7+ years. Business is booming during times of financial downturn, as desperation drives users to gamble beyond their means to cover that overdue rent and to afford their ever increasing expenses - the chat transcripts from customer contacts contain everything from begging for free bets to suicide threats). When times get worse for the individual they get better for gambling companies - only the most destructive industries get that privilege during a recession. \nGambling operators don't rob you straight away, so it's very slipper slope the more you play. Their RTP usually hangs just a single-digit% under 100. You win a spin, you loose a couple more then win again, but over time you're loosing 6-9% monthly. [When Facebook saw this, they understood that a seemingly random win/loose pattern keeps a human engaged as they're waiting for that next win, and the anticipation of that release the dopamine that's going to form the habit. So they decided to move from their chronologically ordered news feed, into a 'algorhytm drivern' one and now you're seeing one relevant post, then 2 more that seem total BS, then an AD, then another good post... Keeps you scrolling just like the RNG with crafted Pay Lines on a slot keeps you spinning.]\nThe removal of the online gambling prohibition in the US has been a huge source of revenue and it's easy to see why: online gambling means there are no barriers to entry, you don't have the stigma associated with going into a retail place, nor the distance to keep you away, there's no business hours as it runs 247 etc. At the same time, it's added another plague to the already battered American spirit - just more proof that government and it's agencies don't care about the individuals.\nThe regulators are in kahoots with the oeprators; legislation they draft is known beforehand and whilst it looks like it's meant to protect customers it's actually helping operators to keep you on for longer (ex: UKGC upcoming ruling a max spin of 2;5 GBP on slots isn't a barrier to overspend but rather a way to prolong session lenght).\nOh one last thing, because they are online, most gambling companies are in fact tech companies and the level of delusion within is something else (internally, our divisions are called gaming not gambling - hilarious).\n",
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