EP280 Sports Betting: Gambling or Entertainment?

Young Money with Tracey Bissett

Online sports betting has seen a significant expansion in recent years, and it seems as though you can’t watch a sports game without seeing an advertisement promoting a gambling app or website. Online sports betting allows people to place bets on a wide variety of sports events using their smartphones or computers, rather than having to go to a physical casino or racetrack. Those with a gambling addiction may find it easier to access and spend more money on sports betting online than in physical settings. So, in this episode, I will shine a light on online sports betting—its expansion, who is doing it, and the potential harms that can come from it.

Listen in as I explain who is most at risk for problem gambling and addictions, as well as what you should do if you are seeing gambling problems pop up in your life. You will learn how to change your habits, the importance of increasing your dialogue on the subject with friends or family, and why we should take the time to check in on our loved ones who may have gambling problems.

“Research has suggested that sports bettors have twice as high of a problem gambling rate than gamblers in general.” - Tracey Bissett

This Week on Young Money:

• How online sports betting can be problematic.
• Why I do not think online betting advertisements should be as plentiful.
• Who is at risk for problem gambling.
• What to do if you’re seeing problem gambling pop up in your life.
• The importance of finding healthy habits.

Key takeaways:

1. Ask for help if you’re experiencing gambling problems.
2. Keep an eye on your gambling habits.
3. Increase dialogue on gambling with loved ones.
4. Check in on loved ones who may have gambling problems.

Resources Mentioned:

• Sports and Gambling
• Podcasts for Gambling Problems: Meet the Hosts
• EP 54 Is it Time to Retire From Sports Betting?
• EP089 Beau Humphreys - Gambling Addict to Personal Finance Coach
• EP179 Milli Moves: Bitcoin – Investing or Gambling?

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