Gambling and Losing Money
Gambling online will lead to problems when you need the
cash. That’s the message from the University of Melbourne, Australia, which
released a study today suggesting that gamblers who make bets online have to be
aware of the high risk of losing money.
And it’s not just online, says Dr. Ian Walker, head of behavioral
science and policy at the University’s Schapelle Corby Centre for Mental Health
He says the risk of losing your money is higher than with a
regular bet on a sporting event or lottery game. The study looked at all bets
made by 2,400 Australian adults in the year before they were surveyed for the
Researchers found about 20% of those people had lost money
due to their gambling. Walker says that makes online gambling riskier than
gambling on lottery tickets, for example.
“For every $10 invested in a lottery ticket you are
likely to get back $4.10. For every $100 invested in a sports ticket you are
likely to get back about $20.” Walker says there is an opportunity for
better outcomes in sports betting, like live streaming matches, and less-risky
betting games like poker. For example, if you put $50 into poker games like
Hold’em, your chances of winning are very slim. A person’s chances of winning
with online gambling are less, but people can do more for more than just money
if they are willing to risk it.
The people who lost money in online gambling were the ones
who failed to take advantage of the opportunity to get something they could
The world isn’t ready for sports betting
If anyone was on the fence about sports betting, we hope
they can see the value of sports betting as an alternative to the casino. Think
about the difference between sitting back and betting $5,000 on a horse race
and playing a slot machine. That is not how most people think of gambling. A big
part of it is the social aspect. I don’t have to play in a casino to be happy.
I don’t need to take a chance on my future with another player.
Sports betting is a great way to meet people. The people who
lose money online, the ones who don’t see the real value in the sport they are
watching, are not the ones who are missing out. They are the ones who are
wasting money on someone else’s gambling chance. You need to invest in sports
betting if you want to build a team.
Do you think the legalization of sports betting will affect sports in the
United States in a positive way?
There are still so many loopholes for illegal betting in this country. If sports betting is legalized, I believe that it will impact how people view sports in America. Just think about it, every time someone goes to an NFL game, or a college game, and sees a betting ad, they think it’s wrong. But there are loopholes that allow it to happen.