Carl Dagher0:00 Hey y'all.0:01 Um, today I want to talk about sports betting, um, the kind of evolution and the risks um that we've seen in society today.0:09 Uh so sports betting essentially just started as um under the table betting on sporting events, uh like horse racing, baseball, and it was really shady.0:20 I mean, you got notorious cases of the people fixing the world series, people fixing horse races.0:25 Um, and thankfully, I think sports fixing has has kind of died down in the United States as sports betting has become legalized, uh became legal in Vegas, and then in 2018, I'm pretty sure the US government made it legal for states to decide if they wanted to have sports betting, and I think now it's legal in about 35 states.0:46 Um, and most of the sports betting occurs on apps like FanDuel, um DraftKings, Bet MGM.0:55 But although there is legalized sports betting, I think there is still a pretty shady side of it.1:00 Um there's ways for kids underage to sports bet.1:04 Um, there's online books, um, online bookies, people who run shady books, um, and it gets kids in a lot of trouble, you know.1:11 They make poor decisions sports betting, they get addicted, they win a bet, and then they start going down heavily.1:17 Um, and there's nothing they can really do about it.1:20 And it's it's really just a dopamine addiction that can turn bad really fast.1:25 Um, if you're betting illegally, I mean, one you're doing something illegal, and if you lose a lot of money, then you're doing something you're not supposed to do, and you're losing money.1:33 So I think it's a really big problem in our day and age.1:36 I think the fact that it's been so normalized, like you go on ESPN, and there's always like these parlays they put up there.1:42 There's sports lines are super important in the sports world now.1:46 And yeah, it's been a thing for a while, it's been shady for a while, but back then it was more like people who really wanted to bet had to go out of their way to go bet.1:57 Nowadays it's just it's in your face, and it's such a big economy.2:00 I think I read somewhere it's like over 120 billion dollar industry, and that's just the legal side of things.2:06 Um, so I think it's it's an important topic so that we should look into more as a as a society.2:13 Um yeah, sports betting can be fun, but it is dangerous, and at the end of the day, it is illegal to do it under age.2:22 Um, and there's a reason why there's certain measures put in place up until now, but I think it's kind of gotten out of hand recently, and uh something should be done about it.
Gaines Gunn0:00 Carl, I really like your take on sports betting.0:02 I think it's important to understand the risks associated with sports betting.0:06 But I'll also say, as someone who has experienced people go into debt from sports betting.0:12 Um, and someone I've personally tried sports betting before.0:16 I just for me personally, I just cannot really see the the thrill in it.0:22 Um maybe it's just because I mean honestly, I don't know.0:26 I have tried to bet on sports and get really into it, and I just can't.0:30 And it's not like I was trying to build an addiction in sports betting, but it's also like I I wanted to see what it was all about because I've heard all this stuff about it, and I see people that just literally cannot stop sports betting.0:43 Um But I will say it isn't it is important to bring up this fact that people are getting addicted, and it's and it's mainly young people, and they're putting themselves into this massive debt that they cannot afford.0:55 And it's just it's a scary environment to be in because I know people who sports bet on a daily basis, and it's addictive.1:02 For me, it's not.1:03 For others, I know it is.1:05 Um, it's like any drug.1:07 It can be addictive for some and not for others.1:09 Um, but yeah, I think this needs to be addressed.1:12 I think I think they're trying to crack down on sports betting laws in um states, but I think maybe a creative way to go about this would be um I mean, at least 18 to 21 and actually crack down on that because I know 16-year-olds in high school are consistently sports betting and losing thousands and having bookies show up to their houses.1:35 So I think a policy change to where it's actually enforceable could be a good thing for this.
Casey Comerford0:00 Yeah, Carl, um, it's an interesting topic you bring up.0:03 And I think even in my life, I've seen betting all around me with people I know, um, as well as just media, um, definitely skyrocket, especially in the last five years.0:15 Um, and definitely part of that is due to just the rise of technology.0:18 I mean, it's just easier for I like you talked about illegal betting.0:22 It's just easier to organize that in a legal manner, um, outside of just you know, m money under the table, or if you are underage, just go into your buddies and putting $50 on the game or something like that.0:35 But where you have these books um and stuff like that.0:38 And I was just thinking about your question of like how do we how can you even regulate that?0:43 Um and I don't know, I feel like as parents, because you said there's such a big um it's such a big issue amongst young kids these days, um, kids who are underage to even legally bet, kids who are not financially smart, who don't think about consequences, um, and maybe who don't even value money as much as um people who actually work for that money do.1:06 Um and I think I don't know, I would say a lot of times you have to it comes down to the methods of where you see these payments going out on a consistent basis.1:17 Um so maybe monitoring your kids' Venmo, something like that, to where you see weekly or biweekly he's paying someone you don't know on Venmo um a certain amount of money, and then you get into ethical questions of like, well, how much monitoring should you even do of your kids?1:33 Should you you should just be able to trust your kids and stuff like that.1:36 Um so I don't know exactly what the correct solution for that is.1:42 Um, but I do definitely think that is a huge issue amongst um underage kids because that can put them in holes financially to where they may not be able to pay, and then it gets yeah, it becomes the parents' burden or a friend's burden.1:57 Um that can just be a real slippery slope um for for someone, especially if you know they get in trouble with the wrong person.2:05 Um, it was very interesting topic.