America’s Bad Bet on Sports Gambling

[basquebromance]

Fantastic article. For the past half-century there has been a belief—unique in American history—that gambling is a good way for the state to raise revenue and create jobs. But the revenue always fell a bit short of what was promised, and the early reports about sports betting show the states’ take to be quite lame

"For now, online sports betting has a structural problem: It is a market that burns out its best customers, who are lost when they go bankrupt or start attending Gamblers Anonymous."

"Sports gambling, in short, doesn’t have the look of a popular cause. It has the look of a corporate cause masquerading as a popular cause."

America’s Bad Bet on Sports Gambling

Compact Magazine, a radical American journal

compactmag.com

 

[pknopp]

It's only a matter of time before there is a huge cheating controversy also.

 

[1srelluc]

There is no particular reason why I think this way but if I was king I'd get shed of third party gambling altogether.

 

[Dekster]

Most Americans are casual gamblers. It is office pools, friendly wager stuff. The gubbermint hates it because there is no effective way for them to get in on the action.

 

[MarathonMike]

State sponsored betting is very prevalent throughout the world. You can win if you are disciplined at sports betting. I do, but I never bet parlays or goofy prop bets. Most bettors lose because they try to hit 5 or 6 leg parlays that rarely pay off.

 

[rightwinger]

There has always been gambling on sports

The state just wants a piece of it