How Not to Lose Your Shirt Gambling on Sports

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.williamfleitch writes that gambling is bad for sports and bad for the world. But if you're going to do it anyway, here's what you need to know before placing your first bet

Photo: Charles Krupa/AP/Shutterstock So: If you live in New York, you can gamble on sports now! Suddenly, you can take out your phone and bet money — a lot of money — on any sporting event in the world. Want to wager next week’s paycheck on handball? Your 401k on a table-tennis tournament in Russia? Your kid’s college fund on snooker? You can do it right now. You can do it so easily.

The frictionless way that I was able to give away my savings on there felt extraordinarily dangerous. Once the money was in my account, I could put up hundreds of dollars in less time than I’ve ever ordered a pizza, or even pulled up a movie to stream. In my very first time ever using the app, it took me six minutes to place four bets, and that was with a bit of strategic consideration on my part.

Whether this is a good thing is far from a settled question. You should know I personally think the legalization of sports betting is ultimately going to lead to a massive scandal, and probably several. But on a more human level, sports gambling can be personally destructive in a way that, say, weed or other recently legalized traditional vices are not. As NBA writer Ethan Strauss recently wrote, when the U.K.

This may seem obvious, but if you open up the app and don’t know what the numbers in front of you mean, immediately close the app and do not open it again until you do. It is hard enough to win at sports gambling when you know what you’re doing. Again, this may sound obvious, but it’s not like those J.B. Smoove ads are going to spend a lot of time explaining how things work to you. Remember the fundamental rule of sports betting: They rely upon you losing. Don’t make it any easier for them.

 

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williamfleitch If you’re going to do it anyway, bet as little as possible and view it as entertainment Because you’re not going to win And the more you gamble, the more you will lose

williamfleitch Good forbid anyone enjoy themselves

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