I will wager most of these people value their winnings without netting the losses. They rationalize that if they could just cut short the losses a bit, they'll really have something...this time.
Replies
A high yield savings account (even if he just made monthly contributions at %5 interest compounded annually) Would have made him approximately $1800. But where is the fun in that?
aug 5, 2025, 10:00 pm • 10 1 • view
Honestly, this guy has about the healthy gambling habit you can think of. He’s just having fun, churning the same money and coming out square. It’s free entertainment. Also, you’re assuming he bet $20,000 as opposed to churning through a $100 stake 200 times. Which would have made him a cool $20
aug 5, 2025, 11:50 pm • 11 0 • view
If he was actually winning, FanDuel would cancel his account
aug 5, 2025, 9:45 pm • 9 0 • view
Bit of an exaggeration, fwiw. They don't ban, they just limit you to $1-5 bets until you quit. And FanDuel seems better about it than the others www.espn.com/sports-betti...
aug 5, 2025, 9:52 pm • 8 2 • view
Honestly, 3 years of making sports more important for less than $20 seems like a pretty good deal If you gamble to have fun, losing a reasonable amount of money makes sense because you are having fun If you gamble to make money, you either do that or go broke generally
aug 6, 2025, 1:45 am • 5 0 • view
He has lost less tha .1%, fanduel is probably losing money on this guy.
aug 5, 2025, 9:50 pm • 2 0 • view
Ha, imagine losing 17.79 on a hobby over three years, I sneer as I eye the shipping notification for the 69.99 Steampunk Megatron I bought this week
aug 5, 2025, 11:08 pm • 3 0 • view
It gets real fun when he discovers he can only use 90% of those losses as a tax offset for the winnings. He's closer to -$2000.
aug 5, 2025, 9:56 pm • 5 0 • view
A hobby that costs $50 a month is… a pretty dang reasonable cost for a hobby
aug 6, 2025, 8:26 am • 0 0 • view
People seem to think I am specifically calling out this guy. It's the gamblers. But also I imagine this guy is not representative of most outcomes for people who spend this kind of money on gambling.
aug 6, 2025, 5:56 pm • 11 1 • view
This guy is top 10% or even 1%.
aug 6, 2025, 6:03 pm • 2 0 • view
Source: uhhh I am guessing but are the betting agencies hurting? If their business is based on betting against the line, they have to win a great deal of the time.
aug 6, 2025, 6:05 pm • 0 0 • view
Right
aug 6, 2025, 6:03 pm • 0 0 • view
Fun fact, with the new tax law, he would have to pay taxes on about $700/yr (if everything was spread evenly)
aug 6, 2025, 7:17 pm • 0 0 • view
Imagine the things you could simply own and enjoy with 22k
aug 6, 2025, 5:59 pm • 1 0 • view
I could have had three european vacations but instead i spent money to slightly enhance my religious sports couch potato bullshit.
aug 6, 2025, 6:01 pm • 2 0 • view
They'll probably take that bet with you
aug 5, 2025, 10:43 pm • 0 0 • view