8 Comments
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Dr. Abdullah Al Bahrani's avatar

I really enjoyed this post. The net investment figure is powerful

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Riccardo Vocca's avatar

Thank you a lot for the mention, and I really liked this issue!

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Gabriel Paredes's avatar

My typical sports betting is usually centered around NFL Sundays and NBA Wednesdays at low enough amounts where it doesn’t affect my savings or other entertainment expenditures.

I don’t bet more than I can afford to lose and it does enhance the viewing experience ten-fold. Moderation recommended.

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Thomas L. Hutcheson's avatar

Pretty amazing and higher than

https://thomaslhutcheson.substack.com/p/gambling-away-stability

Policy implication is the same: Tax it, a hefty % of the amount wagered to further reduce the expected value of the payoff. I assume that payoffs are already taxed.

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Stephen Day's avatar

Amazing. I’m just writing a blog post that includes this study now. (Though mine is about teaching kids.) Funny coincidence. You mind if I link to your post?

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Nominal News's avatar

Sure! Always happy to have it linked/shared. Looking forward to your post!

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Stephen Day's avatar

Yikes, it's looking like the gambling post is going to wait for another day. Didn't mean to get a sub from you by false pretenses! But I'll write that one before too long. "Gambling in 'Bluey'" will really catch people off guard...

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Peter Sainsbury's avatar

The US is an interesting example given how recent the deregulation took place. I wonder what the difference is in the UK, parts of Europe, and Australia where gambling has been legal for much longer.

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