The first-place winner at the recent RGGI Conference of the International Society of Stationary Sports Betting (ISSSB) was exactly the same as the money won in the main event.
Everyone entered as runners-up — that’s where the prize money is — which also happened to be the winner.
Good work if you can get it.
That’s exactly what happens at every major sports event. This year at the Super Bowl in Atlanta, every bettor who picked the underdog was the winner.
Yes, every single one of them, on the New England Patriots. Everyone who went with the game favorite lost.
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Sure, they could have made other choices. They could have chosen to place a wager on the over and won, or they could have placed a bet on the under and won.
The two choices seem random enough, except that according to research by a market research firm, anyone who wanted to could have known exactly what those choices were.
Betting on sports is where it’s at. This small act of betting has made a serious contribution to my family’s life. All in all, it’s a good thing.
These words aren’t in opposition to those of the betting addict who used his retirement money on the Super Bowl, and now is in the process of emptying his bank account trying to fix his game. There is no one-size-fits-all solution.
What does seem obvious is that as the lines between entertainment and reality blur and the question of when to trust a bookie or a sportswriter for information becomes a real question, wagering may actually grow.
A few years ago, when I first reported a story on the alternative market for baseball cards, something surprised me.People came up to me in the sportsbook at the Wynn, handshaking, chatting, and excited about baseball cards. People had come all the way from Connecticut to the Wynn, not to the race track but to baseball cards.