Don't bet on it! 🏀 States are rushing to legalize sports gambling. The potential price: A boom in addiction. 🔗:
The NCAA Division 1 Men's Basketball Tournament, which just got underway, is the pinnacle of college sports, an annual all-American rah-rah celebration of athletic competition. The Big Dance. The Final Four. March Madness!From the casual fun of picking brackets for an office pool, the tournament has evolved to become"America's most wagered-on competition," according to the American Gaming Association, an industry group, surpassing even the Super Bowl in numbers of bets placed.
The problems that can often result—getting into debt, rifts in relationships, difficulty holding down a job—are serious, as is the impact on emotional well-being.
Betting on sports comes with its own unique set of risks. Many sports bettors tend to see their wagers as safer and more informed than other kinds of gambling, researchers say; they think they know the game, the players and the teams, and are being guided by their own expertise and skill rather than luck. This may give them an illusion of control over the outcome. That can lead to more problems when a bet goes bad.
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