RT Never Goon (@NeverGoon)never goon always gamble https://t.co/ZC7Vs4CAOw ...

This Entrepreneur Made A Small Fortune Playing Poker. Then He Gambled It On Oatmeal https://t.co/BkG7GwzwjT ...

Core Insights - Veteran investor Tom Russo emphasizes the importance of resilience in children, suggesting that allowing them to experience failure is crucial for their development [1][2] - Russo warns about the dangers of debt, particularly highlighting credit-card debt and "buy now, pay later" schemes as significant threats to financial well-being [2][4] - The investment landscape is characterized by both young and older investors, with each group possessing unique advantages; younger investors have energy, while older investors bring patience and judgment [3][4] Summary by Categories Resilience and Learning - Russo advocates for teaching children resilience through real-life experiences, stating that pain and discomfort are essential for learning valuable life lessons [2] Debt and Financial Risks - The investor warns that credit-card debt acts as a "chain across your back," tightening over time and leading to financial distress; he also cautions against the allure of "buy now, pay later" options [2][4] Age and Investment Strategy - Russo notes that while younger investors may have more time and energy, older investors possess greater judgment and patience, which can be advantageous in the market [3][4] - The trend of seasoned investors continuing to work past retirement age is highlighted, with examples like Warren Buffett, who remains actively involved in his company [4]

Bet on a football game, an election or the price a stock will hit hours from now. How gambling and investing are starting to look the same these days. https://t.co/9GwlW0IBLE ...

Bet on a football game, an election or the price a stock will hit hours from now. How gambling and investing are starting to look the same these days. https://t.co/DTfSERbE2o ...

Bet on a football game, an election or the price a stock will hit hours from now. How gambling and investing are starting to look the same these days. https://t.co/lK3gxQ5P74 ...

Prediction markets are exploding as exchanges, VCs and even Trump’s family pile in. Is this the future of trading — or legalized gambling? https://t.co/bWZWYc29I8 ...

Free is a powerful concept. It’s transformed music streaming and stock brokerage, so why not gambling? asks Aaron Brown (via @opinion) https://t.co/S11nEQTwGQ ...

gambling is in a supertrend & the biggest sports betting apps actually lose money because of how much they spend advertisingonline casinos are going to eat substantial share of revenue from physical locations, especially ones that provide a differientiated user experience ☘️🍀Night Owl (@NightOwlCapital):Two years later..- US sports betting +50% (just the legal reported number)- 0DTE SPX options ~40% of volume in 2023 to >60% in 2025- Online casino revenue growing +30% annuallyThe speculative majority grows. ...

MLB & Sportsbook Partnership - Major League Baseball (MLB) has secured commitments from sportsbook partners to limit profits from rigged pitches, covering 98% of the legal US sports betting market [1][2] - Agreed-upon restrictions will cap maximum bets on pitches at $200 [2] - Sportsbooks will exclude bets on pitches entirely from parlays [2] Integrity Concerns & Micro-Betting - Micro-bets create heightened integrity risks due to their focus on single events determined by a single player, which may be inconsequential to the game's outcome [5] - FanDuel already prohibits bets on field goals, free throws, turnovers, and fouls, and prop bets on players on 10-day contracts or two-way players [5][6] - Sportsbooks and leagues express a desire to preserve the integrity of the league, but allowing bets on quick flash pitches raises questions [10] Player Conduct & Potential Motives - The case of Cleveland Guardians pitcher Emanuel Claus, who had a $20 million 5-year contract, raises questions about the motives behind allegedly rigging pitches [3] - The scheme involving Claus and pitcher Louise Ortiz didn't even reach $500,000 [4] - For players with smaller contracts, like Ortiz (lifetime career salary of $1.6 million - $2 million), the allure of making thousands of dollars on a single pitch might be stronger [8] Sportsbook Perspective - Sportsbooks are also victims of cheating and want to ensure gamblers feel assured they are gambling on genuine knowledge, not rigged outcomes [7] - Limiting bets on pitches demonstrates that the legal market is working [6] - Offshore sports books also get cheated when people are cheating on sports [7]