Netflix's Money, Explained: E04 Gambling

[Xinarae*]

Netflix is ​​meant to protect traders from all aspects of gambling trading as well as make them full of risk. And netflix the video streaming service is being strict about password sharing one third of users of streaming service users like netflix exchange passwords with people far away so that their subscribers no longer exchange passwords with anyone else who is away. They are putting in place security measures to prevent extreme misuse of password exchanges strong protection against gambling.

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[Maus0728]

I almost googled all the stuff that you have just said.

There are urban legends of casinos pumping additional oxygen into the air to make gamblers feel more awake and gamble longer.
Also rumors they pump pheremones into the air to give people a positive feeling while gambling to make the experience more addictive.

This issue is something I did not expect. I wonder if there are still land-based casinos doing this? Isn't it that pheremones is usually being used in the dating world? It's a chemical substance that makes you more attractive in a way that you can attract the opposite sex. How does it relate to gambling?

If their series is truly about explaining money and finance, however. Wouldn't they cover so called sharps who rake in large profits through gambling. The market has to be exploding at the moment with all the attention and focus draftkings and fanduel is getting.

Thank you for this interesting insight. I have learned some of the terms/lingo that are being used in sports betting. Terms like sharps, draftsking, and fanduel are something I do not always encounter in this section, it's just interesting to see that sometimes what we're seeing on a documentary has some missing parts that need to be discussed in order to make a favorable conclusion

[kotajikikox]

Thank you for posting this. I cancelled my Netflix account a few month ago, so I don't see anymore when new documentaries are being uploaded. To be honest, the most shows that interest me are about finance and economics.That is also why I switched to curiosity steams. Hope they will add this series too. When it comes to money we can all learn more.

cancelled your account? or just did not renew contract ? that's different thing lol.

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But knowing the movie shared by OP , yeah Daytrading is like a gambling when you can mostly win for short period of time if you will risk money doing it.

Do you really believe that, the strategies used by the gambling companies so called hooks will be revealed to the public?

There's no need for revelation mate because we as gamblers already knew that and only need to accept that fact.

[michellee]

Do you really believe that, the strategies used by the gambling companies so called hooks will be revealed to the public?

Either this series was taken based on a book or some personal research but no one actually knows the hooks of gambling even if there is any because we are not seeing the gambling in 21st century or before which is happening for thousands of years.

I think people who watched that movie is just for entertainment because if they can watch carefully, maybe they will get something beneficial from that movie. Although if they use the strategy or method from that movie, it will not guarantee them to win the games, giving them more experience. Besides that, maybe watching that movie can provide them with an idea of what will they need to do later.

A common man who don't have any knowledge about economics, finance and particularly gambling can get the idea if they watch this series but no one can entirely decides what is happening while gambling, it will happen for sure even if people know that hooks that is why people keep betting and never wants to stop their gambling urge.

The situations will be different from what we see in that movie because we face the real situation. So maybe the strategy that we watch will not apply in real situations so we need to modify or even change it for our good. They still gamble with or without watching the movie, but it can give them more experience from that movie, especially how they can win the game with their own strategy. But always remember to control ourselves in gambling because we do not know what will happen in the real situation.

[robelneo]

On physical casinos, they serve you perks like energy drinks, liquor, and free food, and sometimes entertainment to keep you in their casinos, they don't have windows and if you run out of your money, they are ready to give you a credit line, because the longer you stay the better, they are not going to set up a casinos with their players staying for a few minutes, the casinos' atmosphere is meant for their clients to stay longer, so if you read or heard players playing for days and nights or not going out for days, those stories are true.
These players are called victims of the casino's setup atmosphere.

[Silberman]

One thing that we are all familiar with is the psychology that the gambling industry has evaluated to keep their customer to gamble by using the so-called "hooks".

I remember watching a similar documentary on how they keep the gamblers from leaving and continue gambling on their casino. These so-called "hooks" are usually free drinks and snacks etc... throughout the time that you are in the casino. also, the placing of their games in the casino can influence your subconscious choice. if you think about it it is scary how they can easily influence your subconscious and the scarier part is it's not just them that are using this type of tactic.

Almost any business is doing something similar and it should not scare us, for example supermarkets do the same, I remember watching a documentary that said that the disposition of the products on the shelves depends on the preferences of the public at large, one of the things that I remember very clearly was that this created kind of weird combinations but that those stores followed them because it worked, for example besides diapers and other baby articles many stores place beers, this at the surface does not make sense but when you think about it and think of the scenario in which a father goes to buy diapers to his child then it makes sense to put beer besides it, as many people drink alcohol and this makes it easier for them to find it and buy it.