Even if you showed me the perfect ad, I probably would not buy it. Because if I need it, I probably already bought it, and if I don't need it, I won't buy it. So there is not much money being made, ergo we get shown ads for the other type of person.
There's a dial between ad relevancy and ad yield. Gambling ads are probably high-yield because of high LTV, so advertisers will spend more, even if impressions don't generate many clicks.
As Jeff Bezos says, "when the data and the anecdotes disagree, the anecdotes are usually right."
https://lexfridman.com/jeff-bezos-transcript/#chapter6_amazo...
Yes, ads work, maybe not in the way the advertiser thinks but they work alright.
That being said, things like Nyse Texas paint an opposite picture of the state.
That said, this means very little when a different type of gambling ("prediction markets") is somehow allowed everywhere because of the corruption of the current administration, with the son of the president being a "senior advisor" to both Kalshi and Polymarket, completely circumventing state-wide bans.
Or is it more young men vs the establishment where the establishment wins the vast majority of the time but occasionally a young dude makes the right longshot bet?
Seems like the latter - except that not only describes how people perceive gambling, but the entire economy considering startups, silicon valley, the current crop of tech billionaires and how they made their fortunes, etc.
So, why not gamble on crypto, NFTs, or prediction markets? Might as well go for the longshots since everything is a longshot anyway
Also, everybody benefits from a society that chooses qualified people for a position, and gives everybody an opportunity to get a job. But that is also something that shows over time and many processes, and it is harder to see in the moment.
Nepotism is the zero-sum version of applying for a job. Only the power to take away from others is accounted, no qualification required just raw power. Which nepo-baby gets the government contract, the board position, etc. is a zero-sum game and participants behave like what it is. Betrayal, lies, etc. is part of that game.
Um, no, it’s not. It’s notoriously hard to estimate exactly but annual consumer surplus in the US alone is estimated to be in the trillions of dollars.
In Australia, it is also not just in app/browser ads either. Gambling promotion is very normalised and entrenched.
The major sports on news and sports shows have the odds showing who is likely to win. Some sports analysis shows (especially on pay TV) even go as far as providing overs/unders for line betting or "possibly wins" from multi-bets (bet $100 and you can win $123,000 with this combination).
Around the sports grounds - all covered in ads. The scoreboards have odds. The team and competition mobile apps all have odds. Even commentary on the radio has ads inserted regularly during a call: "Player A runs up and kicks a goal, and they are now level with 10 points on the Elon-Musk SpaceX Scoreboard. An amazing goal, it's a candidate for the Anthropic goal of the week." During quarter/half breaks, they give more options to bet on. Due to this, I prefer mostly to listen to commentary on public broadcasters as they are not allowed to contain ads at all. I find commercial radio trying to insert brand names every second sentence rather than providing expert analysis.
Similar to loot boxes for teens. It's building up habits for future gambling addictions. Mostly FPS games - that are prominently targeted at teenage boys.
Maybe that means a lot in 10 years, but... is it that impactful now? More impactful than gambling surely, and perhaps this is a bit myopic, but I feel like you wouldn't even be able to buy any new car with that amount 10 years from now. Hopefully it'll still count as an emergency fund.
We saw the value of money halve over like 4 years while everyone who had money made bank. It's tough to be hopeful that any amount saved is going to go far in the future tbh. $41k is about 1/10th of a down payment on a half-duplex, assuming you're keen to borrow the remaining $1.1m.
Definitely don't gamble though, that message I can get behind.
The real threat is that it wont stop there. Some will go to $100 a week, $500 a week and so on, because that is how addiction works.
For all the rationalizations, they do it for the feeling it gets them. And those feelings will drive higher stakes even after you have gambling debt.
And as much as I hate that this is what is happening, I feel like that's what I'm going to end up being forced to try after 15+ years in working software development jobs, given how badly the companies want to replace us with LLMs. Hasn't gotten to that point yet but I'm shocked every day we're not laid off.
It is about how those men want to feel.
Presumably these ads are targeted intentionally to their audience, and this research confirms it.
The school system gives boys worse grades. Once you're a man, women expect their partner to earn more than they do, while women want the same pay as their male colleagues. It can't work.
On the other hand, I use e. g. ublock origin so thankfully most of those spam-ads that are of zero interest to me, I never get to see. Contrary to evil Empires such as Google with its "acceptable ads" propaganda crap, I never felt any downside to perma-banning ads from my life. (Does not work 100%, but the reduction I got via ublock origin and others is enormous - and that's great.)
Unfortunately some people are really susceptible to ads and addictive behaviour. I know someone personally who got into that, and subsequently also debts due to feeding that gambling addiction. It is very hard to break out of that cycle once you get in, depending on how the brain operates; similar how some can not stop smoking. Thankfully I never got into any of that because I also never fully trusted my brain, so the better strategy was to consistently say nope. But the brain of people operates differently, some really have a very hard time to avoid patterns that feed them into an addiction system, and ads also try to exploit this (another reason why all companies relying on ads should be removed, starting with Mr. Google, the AdCompany Number #1).