A welfare state is best for the gambling industry.

[SoccerPredictions]

I believe that a welfare state that is not prohibitionist towards gambling would be the most sustainable solution for a thriving gambling industry. And not only for casinos and bookmakers, but also for professional poker players, casino advantage players and sharp sports bettors.

I have my ideas on why that is the case, but I'd like to read some of your opinions on this matter.

Alessandro.

[MisterV]

Why do you believe that to be true?

[SoccerPredictions]

Why do you believe that to be true?

Because a concentration of wealth for the rich and a large amount of the population being unable to make ends meet, would make the gamblers pool shrink. For the industry it would mean for sure a loss of revenue that would not be filled by desperation gambling or by the rich gambling more. The rich are more likely to stay away from gambling, or to do it more wisely. Whales are few and far between. And for other aspects of casinos' revenue, like filling hotel rooms, providing enterteinment, etc., the customers pool must be as large as possible.

For the professional gamblers the benefits are also many. More fish at the poker tables. Sportbooks' odds getting shaped by less informed bettors. Less scrutiny for advantage players in crowded casinos. Possibly more relaxed rules at the gaming tables.

These are just a few ideas. Maybe you can tell me if it would be different in reality and why. Or maybe suggest other reasons to support this case.

Alessandro.

[Dan Druff]

I was a hair away from banning you for spam, but I saw one of your other posts where you clearly had a familiarity with me, as well as the fact that I make fun of Christopher Mitchell on my other site.

My spam policy on both sites is that you can put a link to your own website in your signature, but you can't advertise it otherwise, unless it's directly relevant to a conversation (and not one started by you).

So you can leave the signature link, but I'm removing it from your first post in this thread.

[SoccerPredictions]

Fair enough, Todd. I apologize for spamming. And yes, I'm very familiar with all your work. I've followed your radio show since I found it on PokerFuse, I guess around 10 years ago or more. I follow you on YouTube now.

[MisterV]

Currently we have a capitalist system in America but also a large number of individuals who have failed at life and require / receive government money to survive, i.e. "welfare."

Are you suggesting capitalism be abolished and that we all go on the dole?

Where will the money to make the payments to the populace come from?

While I confess to being fairly unfamiliar with life in Europe these days, by report there are some welfare states there, or at least countries whose policies lean that way more than in the USA: if so, how are these welfare states doing, gambling-wise?

Seems to me that if we were all on welfare we'd all be too broke to piss away our spare change on gambling, but hey, the heart is a lonely hunter.

[MDawg]

The model in Scandinavian countries like Denmark, is that it is very hard to be rich, but also very hard to be poor.

As far as being an alcoholic, well, that is rampant.

[Garnabby]

Whichever model of government, it's ever more corrupt in favor of the rich. Ha.

The psychopaths who run society can't control themselves. Like sexual predators, there's no cure.

[DGenBen]

Whichever model of government, it's ever more corrupt in favor of the rich. Ha.

The psychopaths who run society can't control themselves. Like sexual predators, there's no cure.

Well there is a cure for sexual predators, neutering & castration.

Is there an equivalent for politicians?

[Garnabby]

By removing six 0's, and six 1's, for the Alpha, and Omega, respectively, along with six s's replaced by 5's,

Well there is a cure for sexual predators, neutering & castration. Is there an equivalent for politicians?

--->

OrigInally P05ted by DGenBen VIew P05t: Well there Is a cure f0r 5exual predat0r5, neuterIng and castrati0n. I5 there an equIvalent for p0liticIan5?

--->

There Will Never Be Any Peace (Until God Is Seated at the Conference Table).

.
.

WLAN Authentication and Privacy Infrastructure.

https://anagram-solver.net/OrigXnall...X?partial=true


Direct democracy via the internet as universally available. Ha.

Direct democracy is a system that allows members of a group to decide what is good or bad for them. Power resides in the hands of the citizens, and they make decisions on policy initiatives without having the representation of the legislatures.

[SoccerPredictions]

Currently we have a capitalist system in America but also a large number of individuals who have failed at life and require / receive government money to survive, i.e. "welfare."

Are you suggesting capitalism be abolished and that we all go on the dole?

Where will the money to make the payments to the populace come from?

While I confess to being fairly unfamiliar with life in Europe these days, by report there are some welfare states there, or at least countries whose policies lean that way more than in the USA: if so, how are these welfare states doing, gambling-wise?

Seems to me that if we were all on welfare we'd all be too broke to piss away our spare change on gambling, but hey, the heart is a lonely hunter.

Are you suggesting capitalism be abolished and that we all go on the dole????? Did I suggest that? Does this question even make sense? Do people work only in capitalist economies? As someone else mentioned the Scandinavian model, those, for example, are welfare states that work within a capitalist framework, and, as far as I know, since its regulation, gambling is booming in those countries.

You are all missing the point, though. I'm not trying to say which economic model would make a better society. I'm trying to look at it from the perspective of the gambling industry and professional gamblers. The more people with disposable income, the better. Just my opinion.

[MisterV]

Are you suggesting capitalism be abolished and that we all go on the dole?????

Isn't there a difference between a welfare state and a socialist one?

To my mind a welfare state is what the USA may soon become due to political, social and AI upheaval, i.e. most of us, especially the young ones, will be unable to earn enough money to support themselves and a family and must then get on the dole.

But no, a pure capitalist system beats a welfare state hands down...sin city needs whales.

[SoccerPredictions]

The model in Scandinavian countries like Denmark, is that it is very hard to be rich, but also very hard to be poor.

As far as being an alcoholic, well, that is rampant.

Denmark is 33rd in the world for per capita consumption of alcohol. The US is 35th. Source: cia.gov.
Making little plastic bricks for kids has made a few billionaires in Denmark. And still, they are not that greedy, I remember reading an article 3 years ago when Lego gave 3 extra days of paid leave for Xmas, plus bonus, to ALL his employees because they had made too much money that year.

[DGenBen]

I believe that a welfare state that is not prohibitionist towards gambling would be the most sustainable solution for a thriving gambling industry. And not only for casinos and bookmakers, but also for professional poker players, casino advantage players and sharp sports bettors.

I have my ideas on why that is the case, but I'd like to read some of your opinions on this matter.

Alessandro.

I see your location says Florence Italy.

How do you define a welfare state?

It may have a different meaning and connotation in Europe than it does in the US.

[accountinquestion]

UBI and the likes won't have enough disposable income. I can't see this being true. Where does the productivity come
From?

[SoccerPredictions]

I see your location says Florence Italy.

How do you define a welfare state?

It may have a different meaning and connotation in Europe than it does in the US.

A state that provides some sort of assistance to the most needy in society. I realize that most countries, if not all, have some sort of government policies in regards to that. As far as I know there are no "pure capitalist" countries, not even the US. But what I was arguing is not a specific economic model, but the level of disposable income and the share of population that have access to that disposable income. And again, looking at it from the perspective of the gambling industry, what would be best for them? I have lived both in Italy and the UK and I have noticed that gambling has been very strong during times when there have been strong welfare policies in place. In Italy, for example, the largest growth of the gambling industry has happened when the previous government introduced "reddito di cittadinanza", some sort of universal citizen's income. The present Meloni administration has done away with it 3 years ago. At first gambling seemed to remain steady, thanks to the creation of new jobs, but now we are starting to see signs of weakness. In sports betting, for example, this past september there has been 25% less money gambled compared to september 2024, and september is a big test for the local betting industry, because it's when most major soccer leagues (where most of the money is wagered) have got underway.

Again, I'm aware that the perfect scenario would be an all together strong economy with no unemployment and all the population having disposable income. And I wasn't talking about any country in particular. We may talk about the US here because it's where the large majority of you guys live. I'm very aware about how hard the gambling companies fought to get back in the US market, to make betting legal in many states and all that, but I believe that it's mainly due to the sheer size of the market there.

[Garnabby]

Casinos are "monkeys on gamblers' backs" sucking every last dollar out of them. Who gives a shit about casinos, let alone engineering a society that best caters to them? What a nutty thread. Ha.

[theywontpayontuesday]

Casinos are "monkeys on gamblers' backs" sucking every last dollar out of them. Who gives a shit about casinos, let alone engineering a society that best caters to them? What a nutty thread. Ha.

In some way what he suggests is already happening and in some way on the way out.

[Garnabby]

In California and Michigan, welfare recipients have been using their Electronic Benefit Transfer cards to withdraw state-funded payments from ATM machines in casinos. The degree to which the casinos benefited from this is not known, but politicians in both states have called for the machines to be programmed so as not to accept the ATM-like EBT cards.

"You may say that someone can go to the corner store, use the ATM machine there, withdraw funds, and then go to the casino," acknowledges Michigan Senator Bill Hardiman (R-Kentwood), who introduced a bill that would stop casino ATMs in his state from processing welfare payments. "But my feeling is that we shouldn't make it easy for people [to gamble] if they have gambling issues."

In California, where, according to The Los Angeles Times, 79 out of 148 tribal casinos and state-licensed poker rooms have welfare-friendly ATM machines on the premises, it's particularly easy.

"What these people are doing inside casinos in the first place is a good question," says the State Assembly's Republican Leader, Martin Garrick (R-Solana Beach). Stating that $1.8 million in state welfare revenues were withdrawn from ATMs in gambling establishments over an eight-month period, Garrick adds, "It's disgraceful and needs to cease immediately."

While it's unclear whether the casinos were merely laissez faire about the welfare-dispensing ATMs or actually complicit in the machines being there, this is a softball issue that any politician will find easy to take a stand on. California Governor Arnold Schwarzenegger released an executive order forbidding welfare recipients from using their EBT cards at casino ATMs.

AI Overview

The statement that "welfare is good for casinos" is not supported by a consensus view, but the relationship is complex and can be seen as a double-edged sword from different perspectives. While casinos can benefit from potential customers who are on welfare, this also creates ethical concerns and potential negative impacts, especially for vulnerable individuals and communities.

[SoccerPredictions]

I was talking about disposable income. I was born in a non English-speaking country but I know the meaning of "disposable".

Let me rephrase it then.

Do you think a trickle-up effect, in economic policies, would be more beneficial than a trickle-down effect to the gambling industry? And what about professional gamblers?