3 ms·

I don't know where you grew up, but in almost every college guy's social network (usually already consisting of sports guys) we all knew a guy and didn't just b

I don't know where you grew up, but in almost every college guy's social network (usually already consisting of sports guys) we all knew a guy and didn't just bet in Vegas on vacation. It has always been a significant part of 20-30 yo male paychecks, now it's just acceptable to advertise on ESPN.

noolean 3y ago
Is there data on this? As someone who was a 20-30 year old male for 10 years, it’s not something I would have ever considered, the effort, risk, and return doesn’t seem worth it vs. just buying VTI or SCHB and then letting them sit? Are the majority of 20s males really gambling a significant percentage of post-tax on sports? Has this displaced social fantasy football type games or the basketball brackets?
- orwin 3y ago
  Recently it took off (and I do mean recently: post covid). You have ex-crypto/dropship bros who turned to sport betting to make 'millions'. basically they're rolled by the apps for half their bets, their winnings are the payment, and their balance is always positive since their EV is 1.60 (when normal customers EV is .80). That, plus advertising on college sports (including 'free bets'), it is really a big thing, even for 30yo+ people to be fair.
mjhay 3y ago
There's always been gambling, but there's a lot more of it now. Gross revenue has more than doubled since 2020. I think it's safe to say gambling's new-found ubiquity is a big part. https://www.statista.com/statistics/1332999/gross-gaming-revenue-us/ https://www.statista.com/statistics/1332999/gross-gaming-rev...
- iamthirsty 3y ago
  Again, this is referring to legal gambling, whilst I was referring to illegal sports betting, which we would have basically no good accurate way to devise the total number pre- or post- legalization.
  - whiterknight 3y ago
    For your argument to be true mass marketing must have zero effect on participation.

noolean 3y ago

Is there data on this? As someone who was a 20-30 year old male for 10 years, it’s not something I would have ever considered, the effort, risk, and return doesn’t seem worth it vs. just buying VTI or SCHB and then letting them sit? Are the majority of 20s males really gambling a significant percentage of post-tax on sports? Has this displaced social fantasy football type games or the basketball brackets?

orwin 3y ago
Recently it took off (and I do mean recently: post covid). You have ex-crypto/dropship bros who turned to sport betting to make 'millions'. basically they're rolled by the apps for half their bets, their winnings are the payment, and their balance is always positive since their EV is 1.60 (when normal customers EV is .80). That, plus advertising on college sports (including 'free bets'), it is really a big thing, even for 30yo+ people to be fair.

mjhay 3y ago

There's always been gambling, but there's a lot more of it now. Gross revenue has more than doubled since 2020. I think it's safe to say gambling's new-found ubiquity is a big part. https://www.statista.com/statistics/1332999/gross-gaming-revenue-us/ https://www.statista.com/statistics/1332999/gross-gaming-rev...

iamthirsty 3y ago
Again, this is referring to legal gambling, whilst I was referring to illegal sports betting, which we would have basically no good accurate way to devise the total number pre- or post- legalization.
- whiterknight 3y ago
  For your argument to be true mass marketing must have zero effect on participation.