this post was submitted on 17 Jul 2025
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Hi, Econometrician here.
We routinely and regularly refer to State run lotteries with such phrases as 'the idiot tax'.
As in, it is a regressive form of taxation, that objectively hurts people who are objectively idiots.
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I've actually gambled once in my entire life, at a horse race.
My strategy?
Walk in with $40 bucks.
Place a $5 dollar bet on the horse with the silliest name.
I ended up walking out with $60 bucks, after being able to pay for a hot dog / fries / drink, forgot how much they cost (this was about a decade ago).
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~~Stonks.~~ Gambling.
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Its funny, I legitimately love playing Texas Hold'em Poker.
But ... you can just play for pennies, or just have a set of plastic chips, little or no actual money involved.
Its a fun game, I am fully in agreement that it does constitute a legitimate competetive sport, it totally involves strategy, bluffing, acting, essentially... but there's no need at all to risk financial ruin over it.