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DraftKings is using AI to behaviorally target chronic gamblers

570 points · 432 comments · paimapi

  1. NichoPaolucci · · focus · HN ↗
    “Gambling company leans into its target demographic”

    I worked with a state lottery that did similar things. Their target demographic was the “every day players” that would compulsively buy at the gas station.

    I quit that job because it seems to be morally wrong.

    Betting apps are just this taken to the extreme, I feel for people with this addiction but it’s not going away anytime soon.

    1. LogicFailsMe · · focus · HN ↗
      Ban state lotteries while we're banning DraftKings IMO. I find I cannot have a productive conversation with anyone who thinks the odds of winning the lottery are higher than winning in the stock market buying total market funds.

      Ah... Got it... The same galaxy brains that think p(foom) has a materially greater value than an epsilon minimally >0 to avoid divide by zero errors believe in lottery tickets. Got it. Explains a lot, thanks...

      1. gambiting · · focus · HN ↗
        Well, aren't they though, technically?

        Your $1 lottery coupon has extremely low chances of winning a million dollars, but they aren't zero. No one will sell you any stocks for $1, but even if they did what is a chance of a random $1 stock increasing in value one million times?

        1. LogicFailsMe · · focus · HN ↗
          Expected return on a total market fund is 9 to 10% annually. Expected return on a lottery ticket is 30 to 50 cents on the dollar.

          Just like AI p(Doom) in the next decade is approximately zero, but we all have to pretend to it's between 1 and 10% so American frontier labs can implement regulatory capture.

          So if what you're saying is you are willing to bet $1 if I give you a 1 in 1 billion chance of winning $1M, I will take that bet. And I will take that bet as many times as you'd like.

          But your best chance of winning $1M? Start with $10M.

          1. prepend · · focus · HN ↗
            The expected return on lottery is -30-50%.
            1. LogicFailsMe · · focus · HN ↗
              So 30 to 50 cents on the dollar then like I said?
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