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“Young men across the globe have a documented appetite for risky behavior that might predispose them to gambling, especially for large stakes. In the United States, this appetite for risk is augmented by a relative decline in income for all but the top-earning men and by lower rates of enrollment in higher education compared to women. For many, gambling presents a seemingly rational alternative way to try and get rich. The sportsbooks know all this.” — Jonathan D. Cohen
Young men across the globe have a documented appetite for risky behavior that might predispose them to gambling, especially for large stakes. In the United States, this appetite for risk is augmented by a relative decline in income for all but the top-earning men and by lower rates of enrollment in higher education compared to women. For many, gambling presents a seemingly rational alternative way to try and get rich. The sportsbooks know all this.