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Kosher Money

Gambling's Dirty Secret Revealed (ft. Rabbi Joey Haber & Dovid Kohn)

Kosher Money

Living Lchaim

Frum, Eli Langer, Management, Jew, Judaism, Religion & Spirituality, Business, Finances, Orthodox, Jewish, Careers

5781 Ratings

🗓️ 19 January 2023

⏱️ 92 minutes

🧾️ Download transcript

Summary

6.6 million Americans struggle with gambling addiction, and a growing number are betting on sports.


What happened?


The floodgates opened in 2018 when the Supreme Court cut down a 1992 federal law that limited sports betting primarily to Nevada.


Now, gambling is in the office, it's in our cars, it's in our homes, it's in our bedrooms.


Does this have to be the unfortunate next addiction? How prevalent is it? What traps should we be aware of? 


Visiting the studio was a dynamic duo.


First up: Rabbi Joey Haber, an insightful, energetic Rabbi who inspires and teaches thousands within his Brooklyn and Deal communities and across the web and world on TorahAnytime. We also spoke with Dovid Kohn, a therapist with a specialty in addiction and helps people and their families deal with those challenges, including gambling behaviors, compulsive spending, overgiving - yes that's a thing - and more.


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Transcript

Click on a timestamp to play from that location

0:00.0

Gambling is set up for you to lose.

0:03.2

Where are the prettiest, beautifulest hotels in America?

0:08.6

They're all in Las Vegas.

0:10.3

How they build those crazy hotels?

0:13.0

The answer is on dummies like you.

0:15.7

On dummies that are dumb enough to think, oh wow, this is unbelievable.

0:19.8

This hotel is incredible.

0:20.7

They even gave me a limousine ride for free from the airport. dumb enough to think oh wow this is unbelievable this hotel is incredible they even they even

0:22.1

gave me a limousine ride for free from the airport to my hotel room and they gave me the room

0:26.8

for free this is fantastic no it's not fantastic no one does anything for free and they gave you that

0:32.8

room for free because they know it's they'll let you keep your $300 and lose $30,000.

0:38.1

So the whole industry is set up for you to lose.

0:42.1

That's why all the opening deals are crazy because they're set up to kill you.

0:48.5

6.6 million people in America are struggling with gambling addiction and a growing number are betting on sports.

0:57.2

What happened exactly? Well, in 2018, the Supreme Court cut down in 1992 federal law that limited sports

1:05.9

betting primarily to Nevada. Now gambling's in the office. It's in our cars. It's on our phones. It's in our homes.

1:12.0

It's in our bedrooms. It's everywhere. You turn on the TV. You turn on YouTube. You turn on

1:18.0

practically any media network. And there are ads encouraging you to bet on sports. Does this

1:27.0

have to be the unfortunate next addiction? How prevalent is it?

1:31.0

And what are some of the traps we should be aware of? And we had a dynamic duo visit the kosher money

1:36.1

studio. First up, Rabbi Joey Haber joined us. He's an energetic, insightful rabbi who inspires and teaches

1:42.8

thousands and thousands of people within his Brooklyn

...

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