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?
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.
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?