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Healthy Conversation on Sports Betting
Posted on 8/27/24 at 8:18 am
Posted on 8/27/24 at 8:18 am
With the start of College Football and NFL, I thought it might be an opportunity to have a healthy conversation on sports betting. This is my first time living in an area where it is legal and I will only be betting a couple hundred a month (and not on Mississippi State). This thread isn't to offend anyone, but I hope it will lead to some healthy conversation on the topic and prevent someone that loves sports from becoming addicted to betting. Any of you have tips or limits you set for yourself when betting?
A few stats from a quick google search
Sports Betting Stats
A few stats from a quick google search
quote:
• An estimated 2 million Americans are addicted to sports betting
• Up to 1% of the adult population may have a severe gambling problem
• Sports bettors are at higher risk for gambling addiction than other types of gamblers
• 75% of college students have gambled in the past year
• 6% of college students in the US have a serious gambling problem
• 67% of college students bet on sports
• The average debt incurred by a male with a gambling problem is between $55,000 and $90,000
• The average debt incurred by a female with a gambling problem is $15,000
• Approximately 50% of those with gambling problems commit crimes to support their addiction
• Sports bettors have a higher rate of gambling disorder (5%) compared to all gamblers (2.5%)
• 15% of athletes may have gambling problems, twice the rate of the general population
• The global sports betting market size was valued at $66.98 billion in 2020
• 28% of sports bettors are between the ages of 18 and 34
• Men are more likely to bet on sports than women, with 63% of sports bettors being male
Sports Betting Stats
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Posted on 8/27/24 at 8:21 am to TimeOutdoors
Set limits and don’t stray from it and it’s a lot of fun. If you don’t do that you might lose your arse.
Posted on 8/27/24 at 8:23 am to TimeOutdoors
In addition to the stats above
100% of people don't want to hear about your parlay
100% of people don't want to hear about your parlay
Posted on 8/27/24 at 8:24 am to TimeOutdoors
The chances of anyone being good enough, lucky enough, and disciplined enough to be a profitable sports bettor are very low. So no one should be thinking of it as a way to make money.
Put $20 in your account for the season, bet $1 on each game, and the goal is to try to come out “ahead” at the end. That way you can still participate in the betting analysis and discussions and have a rooting interest across multiple games each weekend, but without any of the stress.
Put $20 in your account for the season, bet $1 on each game, and the goal is to try to come out “ahead” at the end. That way you can still participate in the betting analysis and discussions and have a rooting interest across multiple games each weekend, but without any of the stress.
Posted on 8/27/24 at 8:28 am to TimeOutdoors
quote:
With the start of College Football and NFL, I thought it might be an opportunity to have a healthy conversation on sports betting.
I would love to see a list of rant fans who have come out ahead of the betting services in their lifetime. That wouldn't be healthy, but extremely interesting.
Posted on 8/27/24 at 8:36 am to Jon Ham
quote:
Put $20 in your account for the season, bet $1 on each game, and the goal is to try to come out “ahead” at the end. That way you can still participate in the betting analysis and discussions and have a rooting interest across multiple games each weekend, but without any of the stress.
I do this with $100
Posted on 8/27/24 at 9:00 am to TimeOutdoors
I didn't even recognize you without your State colors on. 
My best advice is not to drink and gamble. You'll drink yourself rich and wake up poor.
My best advice is not to drink and gamble. You'll drink yourself rich and wake up poor.
This post was edited on 8/27/24 at 9:02 am
Posted on 8/27/24 at 9:05 am to TimeOutdoors
quote:
75% of college students have gambled in the past year
• 6% of college students in the US have a serious gambling problem
• 67% of college students bet on sports
I had a fraternity brother that incurred a significant gambling debt with a bookie in BR, to that point that his dad had to take him out of school and bring him home. That was back in the 90s. Those guys preyed on college students. It turned me off to sports betting forever.
Posted on 8/27/24 at 9:16 am to Jon Ham
quote:
The chances of anyone being good enough, lucky enough, and disciplined enough to be a profitable sports bettor are very low. So no one should be thinking of it as a way to make money.
Especially with the higher vig these days.
ETA: I truly miss the online betting landscape in the mid 2000’s in this country. Matchbook sports exchange, Olympic, Pinnacle and about a half dozen other viable outs with low (and in the case of Matchbook, almost no) vig. Super soft baseball prop lines. Throw in Neteller that allowed you to instantly transfer from one book to another and you had online sports betting utopia.
Matchbook was so accommodating. I contacted them and asked them if they’d create a “Runs scored in First Inning” market in their site. They said yes if I supplied the capital. So for several months in 2005, I funded and ran that market with no competition. The lines that I was able to contract day in and day out were amazing, so much overlay
This post was edited on 8/27/24 at 9:42 am
Posted on 8/27/24 at 9:19 am to TimeOutdoors
I went to the Waste Management open in Phoenix this past spring and it's insane the amount of people (in their 20s) that gamble on practically anything and everything. They were gambling to see which caddy made it to the green first on the par 3 hole 16. There was a college kid in front of me that was betting a minimum $100 for every bet and when he lost you'd think someone shot his dog.
Posted on 8/27/24 at 9:21 am to TimeOutdoors
quote:If you have an addictive personality, stay away. shite can get real pretty quick if you go overboard.
TimeOutdoors
Posted on 8/27/24 at 9:26 am to TimeOutdoors
I have not bet for 40 years. I won. I quit because the special circumstances on picking the games stopped.
Football was always roughly even, but I bet little. For the 1978/79 basketball season (when I was in my 20s), I won over 10k. I had a friend who picked games pretty well. I picked them pretty well, and we got a service that essentially gave out picks based on other services when they aligned.
I picked games. My partner picked games. IF we both picked the same side of a game and the service had that game, I bet it. By February, one of the bookies asked me for my picks early so he could move his line.
There is a little moral to this story. I went to collect from one bookie and he asked about my partner. I said, he'll show to collect. He told me he OWED. I came to find out that he bet all his picks no matter. He lost money that season.
Football was always roughly even, but I bet little. For the 1978/79 basketball season (when I was in my 20s), I won over 10k. I had a friend who picked games pretty well. I picked them pretty well, and we got a service that essentially gave out picks based on other services when they aligned.
I picked games. My partner picked games. IF we both picked the same side of a game and the service had that game, I bet it. By February, one of the bookies asked me for my picks early so he could move his line.
There is a little moral to this story. I went to collect from one bookie and he asked about my partner. I said, he'll show to collect. He told me he OWED. I came to find out that he bet all his picks no matter. He lost money that season.
Posted on 8/27/24 at 10:36 am to GreatPumpkin
quote:
Set limits and don’t stray from it
That's about all you need to follow.
Posted on 8/27/24 at 11:47 am to TimeOutdoors
quote:
Any of you have tips or limits you set for yourself when betting?
Don.t bet on soccer. No one ever drops on a loose ball.....
Posted on 8/27/24 at 12:25 pm to bamameister
quote:
I would love to see a list of rant fans who have come out ahead of the betting services in their lifetime. That wouldn't be healthy, but extremely interesting.
The betting services simply take their cut to administer the odds, collections, and payouts.
I always shake my head at the "do you need help?" disclaimer at the end of the betting service commercials because you simply know that there are very impulsive people literally sliding into serious debt.
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