Animated Illustration for issue no.33 of Barron´s magazine with the topic:
Americans have found a creative new way of losing money at sports betting. Parlay bets, which allow people to wager on several things happening together, have taken off in popularity this year. Instead of simply gambling on the winner of a game, bettors can wrap predictions for every game on the schedule into one bet, or create custom wagers that, say, their favorite quarterback will throw three touchdowns and the defense will sack the other quarterback twice. Americans are losing these bets with such regularity that they’re catapulting gambling apps to profitability well ahead of schedule.
Americans have found a creative new way of losing money at sports betting. Parlay bets, which allow people to wager on several things happening together, have taken off in popularity this year. Instead of simply gambling on the winner of a game, bettors can wrap predictions for every game on the schedule into one bet, or create custom wagers that, say, their favorite quarterback will throw three touchdowns and the defense will sack the other quarterback twice. Americans are losing these bets with such regularity that they’re catapulting gambling apps to profitability well ahead of schedule.
Year: 2023
AD: Lynne Carty
AD: Lynne Carty
