FBI Launches Daily Fantasy Football Probe

[dw49]

Actually, government pensions and health care benefits are much less lucrative than they used to be decades ago...before lotteries were invented.

Gambling can be an addiction, so most people think its a bit untoward that private companies and individuals running them position themselves to profit off of others' addictions; therefore, most things that are addictive have been deemed illegal, or at least controlled and regulated (like lotteries).

There is probably no benefit to society for making more things that can be addictive legal, more abundant, or less controlled. Doing so just benefits the people who produce and sell the stuff.

I believe New York also has horse racing and probably a state lottery. Those industries are controlled. At least they are supposed to be.

 

 

They are much less lucrative because government doesn't have a clue as to how to run a business. They put ridiculous numbers to the return on money they invested for employees. They then paid out these lucrative pensions ad it drained the money they actually had in the pension funds. Here in CA , most fireman , police etc make as much or more than they did while working. This was the case a few years ago .. not sure that they have changed much. Anyway many states are near BK and pensions are a big part of that.

 

 

Anyway .. what you have is definitely the Democratic party in a nutshell. Big government will do a better job than the people of the country. If these companies are violating the laws as written , they should be shut down. If not it's just another example of what you'll get with Hillary Clinton.

 

Horse racing is better because it's "controlled ?" What a huge huge joke that is. You have about a 10% big in Fantasy betting. Horse racing has anywhere from 15 to 25% taken out of the pool for taxes and expenses. That's an incredible difference. The horse better has zero chance of ever coming out ahead. I owned 4-5 racehorses around 20 years ago and spent 4-5 nights a week at the track. I watched people just getting destroyed trying to beat that game. Talk about sick people .. really sad to think back on all the friends I had that lost every penny they had and earned. But "at least it's controlled ?" I don't get it...

[dw49]

Cigarettes, alcohol, caffeine. Sky diving Lots of things can be associated with addiction. Addicts find a way until they seek help of some kind.

Also, how does "regulated" horse racing or the lottery help those with a gambling addiction?

 

Evidently it's OK for a person to lose everything with an addiction as long as government can take that money and buy votes with it.

[DougDew]

Cigarettes, alcohol, caffeine. Sky diving Lots of things can be associated with addiction. Addicts find a way until they seek help of some kind.

Also, how does "regulated" horse racing or the lottery help those with a gambling addiction?

I think for centuries people have identified that there is a fine line between pleasure and addiction, and there is no way to physically measure when the line is crossed, so certain things were simply deemed illegal as to be safe.

I don't know if horse racing was really a problem. Back when you had to actually go to the track to wager, it would take 4 hours for twelve races. Cigarettes became a problem after WWII and the invention of the mass produced rolled cigarette. if something is easy to get, the addiction probably gets more severe more quickly. So making addictive things harder to get helps to limit it.

I think state lotteries require physically purchasing a ticket from a licensed outlet. But yeah, if it got to the point where you could play every lotto game of every state lottery without ever leaving your home computer chair, it would be a much bigger problem.

Limiting access and making it expensive via taxation helps to limit how much the substance or habit can consume a person's life. I think that is the point of regulating it.

[jvan1973]

I think for centuries people have identified that there is a fine line between pleasure and addiction, and there is no way to physically measure when the line is crossed, so certain things were simply deemed illegal as to be safe.

I don't know if horse racing was really a problem. Back when you had to actually go to the track to wager, it would take 4 hours for twelve races. Cigarettes became a problem after WWII and the invention of the mass produced rolled cigarette. if something is easy to get, the addiction probably gets more severe more quickly. So making addictive things harder to get helps to limit it.

I think state lotteries require physically purchasing a ticket from a licensed outlet. But yeah, if it got to the point where you could play every lotto game of every state lottery without ever leaving your home computer chair, it would be a much bigger problem.

Limiting access and making it expensive via taxation helps to limit how much the substance or habit can consume a person's life. I think that is the point of regulating it.

So like I originally said. It's the government yelling us how to live our lives.

[DougDew]

They are much less lucrative because government doesn't have a clue as to how to run a business. They put ridiculous numbers to the return on money they invested for employees. They then paid out these lucrative pensions ad it drained the money they actually had in the pension funds. Here in CA , most fireman , police etc make as much or more than they did while working. This was the case a few years ago .. not sure that they have changed much. Anyway many states are near BK and pensions are a big part of that 

Horse racing is better because it's "controlled ?" What a huge huge joke that is. You have about a 10% big in Fantasy betting. Horse racing has anywhere from 15 to 25% taken out of the pool for taxes and expenses. That's an incredible difference. The horse better has zero chance of ever coming out ahead. I owned 4-5 racehorses around 20 years ago and spent 4-5 nights a week at the track. I watched people just getting destroyed trying to beat that game. Talk about sick people .. really sad to think back on all the friends I had that lost every penny they had and earned. But "at least it's controlled ?" I don't get it...

I deleted your stuff about politics.

I think the old-style pensions basically assumed a certain rate of inflation would occur, and it was assumed that the accumulation of final pension benefits would be relatively small to what the cost of living was forecasted to be. It wasn't designed to make government employees rich. I don't think the inflation rate has been nearly as high as forecasted, so governments and taxpayers got burned because the pensions turned out to be more expensive relative to the cost of labor than what was projected. I think government pensions are now more contribution based, like private 401ks or IRAs...so I'm told.

I don't know about horse racing anymore. I assume technology has made it much easier to make multiple bets all day long through simulcasting.

I think that all gambling is basically deemed illegal until legislators carve out special activities, like racing, casinos etc. They haven't done that for fantasy football (yet) so its considered illegal at this point. This ruling is part of the process, IMO. Nothing really to get worked up about.

[DougDew]

So like I originally said. It's the government yelling us how to live our lives.

I think people want their government to make rules so that people go to work everyday and focus on their job for at least 8 hours rather than having an addiction take over lives. But there are different ways to express that thought I guess.

[jvan1973]

I think people want their government to make rules so that people go to work everyday and focus on their job for at least 8 hours rather than having an addiction take over lives. But there are different ways to express that thought I guess.

Yeah, I don't think most people want the government having anymore control than they already have, which is far too much

[dw49]

I deleted your stuff about politics.

I think the old-style pensions basically assumed a certain rate of inflation would occur, and it was assumed that the accumulation of final pension benefits would be relatively small to what the cost of living was forecasted to be. It wasn't designed to make government employees rich. I don't think the inflation rate has been nearly as high as forecasted, so governments and taxpayers got burned because the pensions turned out to be more expensive relative to the cost of labor than what was projected. I think government pensions are now more contribution based, like private 401ks or IRAs...so I'm told.

I don't know about horse racing anymore. I assume technology has made it much easier to make multiple bets all day long through simulcasting.

I think that all gambling is basically deemed illegal until legislators carve out special activities, like racing, casinos etc. They haven't done that for fantasy football (yet) so its considered illegal at this point. This ruling is part of the process, IMO. Nothing really to get worked up about.

 

 

I didn't say it was designed to make anyone rich. The big problem is that it's another example of government screw up. They basically figured the return on their funds way too high and just continued to pay out pensions at what was promised. Now they are about out of money and they want to rape people like me to make up for their buffoonery .