Sports Betting That Had Gone Way Too Far

Overconfidence can be a dangerous thing when betting on sports. It can be very easy to get carried away by your conviction and bet way too much on one game. But if you are able to remain objective, you’ll be able to make smarter decisions.

In addition to limiting the amount of money people can bet, there should be better advertising standards. The industry needs to rethink the way it markets itself. Advertising rules need to be more accurate and transparent. Unlike other industries with a high risk of addiction, sports betting advertising is largely unregulated, and there are no federal regulations governing the content of advertisements. This lack of regulation has raised concerns among advocates, who fear that the industry will attract problem gamblers and children too young to gamble.

It’s also important to note that sports betting has become a mainstream activity in the U.S., with more than half of the states legalizing online sports betting. Many more are expected to follow suit in the next few years. In addition, the Supreme Court’s ruling in 2018 overturned a federal ban on sports betting. As a result, sports betting has become a $26 billion industry, and it’s projected to continue to grow.