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The most popular concept is that 90-percent of sports gamblers will lose money over the course of the year, but that doesn't stop people from wagering on sports. When those bettors eventually go broke and cannot wager anymore, there's always somebody else waiting to take their place in line.
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Setting Limits to Stop the Gambling Epidemic - UConn Today Nevertheless, preventing gambling-related harm is not possible without limiting the overall volume of the activity, so policymakers would be well advised to consider whether gambling is the best way to achieve the public interest goals, like increased casino jobs or recreational opportunities, compared to the alternatives. Q. Why Most Sports Gamblers Lose Money - ThoughtCo