Danny Funt

present this to people as a money-making venture. And survey results of sports bettors bear that out. I mean, again, just last year, there was a survey that said 80% of American adults who bet on sports think they can make money doing it. In reality, maybe one in 100 people make money betting on sports long term.

present this to people as a money-making venture. And survey results of sports bettors bear that out. I mean, again, just last year, there was a survey that said 80% of American adults who bet on sports think they can make money doing it. In reality, maybe one in 100 people make money betting on sports long term.

present this to people as a money-making venture. And survey results of sports bettors bear that out. I mean, again, just last year, there was a survey that said 80% of American adults who bet on sports think they can make money doing it. In reality, maybe one in 100 people make money betting on sports long term.

So it's always existed, but more on the margins. But the idea that you could construct one of thousands of different forms of same game parlay on every single game day after day after day is a total invention of the online sports betting era. So much so that even

So it's always existed, but more on the margins. But the idea that you could construct one of thousands of different forms of same game parlay on every single game day after day after day is a total invention of the online sports betting era. So much so that even

So it's always existed, but more on the margins. But the idea that you could construct one of thousands of different forms of same game parlay on every single game day after day after day is a total invention of the online sports betting era. So much so that even

A company like DraftKings that's number two nationally behind FanDuel, their executives have told me like, we never anticipated just how much this would catch on, that this would be our biggest moneymaker. The margin is so much higher on those bets. The odds are basically cranked up in the house's favor that you're going to long-term lose like 20 to 30% of your money on same game parlays.

A company like DraftKings that's number two nationally behind FanDuel, their executives have told me like, we never anticipated just how much this would catch on, that this would be our biggest moneymaker. The margin is so much higher on those bets. The odds are basically cranked up in the house's favor that you're going to long-term lose like 20 to 30% of your money on same game parlays.

A company like DraftKings that's number two nationally behind FanDuel, their executives have told me like, we never anticipated just how much this would catch on, that this would be our biggest moneymaker. The margin is so much higher on those bets. The odds are basically cranked up in the house's favor that you're going to long-term lose like 20 to 30% of your money on same game parlays.

Whereas if you're just betting on the Lakers to win, or the Lakers to go over a certain point total, the more conventional types of betting, on those you're going to lose like $5 or $10 for every $100 you wager. So way more easy to burn through your money doing same-game parlays.

Whereas if you're just betting on the Lakers to win, or the Lakers to go over a certain point total, the more conventional types of betting, on those you're going to lose like $5 or $10 for every $100 you wager. So way more easy to burn through your money doing same-game parlays.

Whereas if you're just betting on the Lakers to win, or the Lakers to go over a certain point total, the more conventional types of betting, on those you're going to lose like $5 or $10 for every $100 you wager. So way more easy to burn through your money doing same-game parlays.

Yeah, the celebrity advertisers has such a big impact. I'm always a little hesitant to make the tobacco analogy for sports betting, just because it's such an inflammatory one, you want to be careful there. But

Yeah, the celebrity advertisers has such a big impact. I'm always a little hesitant to make the tobacco analogy for sports betting, just because it's such an inflammatory one, you want to be careful there. But

Yeah, the celebrity advertisers has such a big impact. I'm always a little hesitant to make the tobacco analogy for sports betting, just because it's such an inflammatory one, you want to be careful there. But

If you were to draw a comparison, the way that A-list celebrities marketed cigarettes in the 1950s and made it seem cool to young people is totally reminiscent of the way that Kevin Hart and Jamie Foxx and LeBron James and all these icons now advertise sports betting. But just the way that it normalizes it among young people especially is such a big part of this story. Coming up.

If you were to draw a comparison, the way that A-list celebrities marketed cigarettes in the 1950s and made it seem cool to young people is totally reminiscent of the way that Kevin Hart and Jamie Foxx and LeBron James and all these icons now advertise sports betting. But just the way that it normalizes it among young people especially is such a big part of this story. Coming up.

If you were to draw a comparison, the way that A-list celebrities marketed cigarettes in the 1950s and made it seem cool to young people is totally reminiscent of the way that Kevin Hart and Jamie Foxx and LeBron James and all these icons now advertise sports betting. But just the way that it normalizes it among young people especially is such a big part of this story. Coming up.

Honestly, the way people talk about sports sometimes is the way that like owners of teams are criticized of these guys are just chips on a board for them. And it's, you know, who's making me money? What have you done for me lately? How sports betting has changed the meaning of sports.

Honestly, the way people talk about sports sometimes is the way that like owners of teams are criticized of these guys are just chips on a board for them. And it's, you know, who's making me money? What have you done for me lately? How sports betting has changed the meaning of sports.