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Sports Betting Quotes

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Sports Betting Quotes

“From TV broadcasts to data deals, gambling is now an unavoidable part of the football experience, one that the league insists does not threaten the integrity of its product. As it has for decades, the NFL is trying to have it both ways: cracking down on some types of gambling while simultaneously making as much money from gambling as it possibly can.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Every problem gambler’s story is unique. But in many ways, their stories are also all the same. Most sports bettors are drawn to gambling because they love sports and because gambling offers the chance to make the games more exciting. For some people, though, the pursuit of that excitement takes over their lives, leading to addiction—followed, for those fortunate enough, by recovery.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Sports betting consumed him. If he was not watching a game to follow a bet, then he was thinking about past wagers, discussing gambling with friends he made through a Discord channel, or researching the upcoming slate of games. Working primarily from home, he would use a dual monitor setup and keep one screen devoted to gambling. In many ways, his life had two monitors, one for gambling and one for everything else—family, friends, work, hobbies, dating, self-care, and so on. “It was what I enjoyed in life at the time,” he said. Gambling offered an escape from any problem he was facing. The only issue was that his escape was more stress-inducing than whatever he was escaping. Gambling left him “just constantly on edge, never really had peace of mind,” which led him to alcohol to take the edge off. He had fallen into a rabbit hole where gambling took on a logic of its own, where the only rational thing was to keep playing.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Using his unemployment checks, he placed at least 151 bets totaling $14,000 over the course of February, losing $2,300. He kept going, gambling multiple times a day almost every day for nearly six months, resulting in a net loss of $7,250. With his mental health deteriorating and a void in his bank account where all the money he gambled should have been, he decided that something needed to change. He moved back in with his parents, outside of Wichita, Kansas. His career, his finances, and his life had been thrown off track. Gambling, he said, “tore me apart.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Between May 2018 and August 2024, Americans gambled $308 billion through legal sportsbooks, including $121 billion in 2023, more than they spent that year on video games, movie tickets, music streaming services, books, and concert tickets combined.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Calls to gambling hotlines have increased dramatically since states legalized sports betting. For the first time, many of these callers are young people. The director of a problem gambling resource center on Long Island notes that teenagers and twenty-somethings have become the “number one demographic” for gambling hotlines.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“A study from Australia finds that each problem gambler financially or psychologically affects five others—for example through requests for money—so even a modest increase in the percentage of people with a gambling disorder will impact millions of people.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Conversations with current and former gamblers offer a portrait of the standard trajectory of a bettor whose life becomes uprooted by gambling. The story begins with a young male sports fan enticed by a sign-up promotion in a sportsbook advertisement. He probably wins his first bet—as Kyle did—which provides a huge rush of dopamine and an overconfidence that will be almost impossible to shake. Eventually he loses and starts to chase his losses, which over 50 percent of all bettors and over 60 percent of young bettors admit they have done. While chasing, he loses more than he intended. Maybe he stops betting, or maybe he keeps chasing for a few hours or a few days. When the clouds clear, he might be a few hundred or thousand dollars poorer, but he has learned firsthand the dangers of careless betting. Others will have stories more like Kyle’s. They will fall farther down the rabbit hole for longer periods in ways that damage their financial security and mental health. Still others will develop full-blown addictions that will be with them permanently, their lives fully derailed by gambling. If they are lucky, their losses will only be financial.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Modern sports betting is so dangerous specifically because it is available online. Sports betting today bears little resemblance to the smoke-filled sportsbooks tucked inside Las Vegas casinos. Players can bet on almost everything, from how the Jacksonville Jaguars will do next season (probably poorly) to the speed of the next pitch or which team will score the next basket. Online sports betting offers almost no friction, providing little to encourage players to slow down and take stock of their play. Instead, the apps present an endless stream of action at the touch of a button. “I don’t think I would’ve ever gotten into it if I couldn’t do it online,” Kyle noted, recalling how carefully he has bet each of the handful of times he has been to a casino. He compared these trips to his all-night betting sessions chasing losses with four-figure bets on minor-league British darts. The online accessibility was “everything.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Sports betting today bears little resemblance to the smoke-filled sportsbooks tucked inside Las Vegas casinos. Players can bet on almost everything, from how the Jacksonville Jaguars will do next season (probably poorly) to the speed of the next pitch or which team will score the next basket. Online sports betting offers almost no friction, providing little to encourage players to slow down and take stock of their play. Instead, the apps present an endless stream of action at the touch of a button.”

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Book:Losing Big: America's Reckless Bet on Sports Gambling
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“Let me be clear: Any new approach must ensure the integrity of the game. One of my most important responsibilities as commissioner of the NBA is to protect the integrity of professional basketball and preserve public confidence in the league and our sport. I oppose any course of action that would compromise these objectives. But I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated”

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Author:Adam Silver
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