Americans plan to wager $1.8 billion on the first World Cup with widespread, legal sports betting (via CNBCMakeIt)
in 2018 allowed a growing list of states to legalize the activity.
Legal gambling means you may not find yourself in trouble with the law for wagering on the World Cup or any other sporting event. But it also means it may be easier for bettors to slip into dangerous habits.While placing friendly or even serious wagers on sports can be a fun way to get involved in the game, routine gambling can quickly become a problem, even before the person making bets realizes it.
It's difficult to track the number of Americans dealing with gambling problems or clinically defined gambling addictions due to a lack of reporting, stigma and gaps in education around problematic behaviors. But Whyte says the risk factors that can lead more people to having issues are on the rise. While those reports are not a direct correlation to a rise in problem gambling or addictions, they still signal that an increase in gambling venues can drive an uptick in concerning habits, Whyte says.With sports betting, some might assume the risk is lower than games of chance like the lottery or slots because people can study the sports they're watching. Or maybe they've had some expertise as a player, which can help them better predict outcomes.
they bet, the more skilled they become. It can encourage chasing your losses and persisting in gambling behavior far past the limits you set, far past reasonable losses and into significant financial harm." "Most states are either too ignorant about the problems they create or they're simply indifferent to the problems because their eyes are blinded by the windfall tax revenues," Whyte says of gambling safeguards.
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