The touchdown was reversed, the play was ruled a fumble, and the Titans proceeded to pull off an improbable 16-point comeback to win the game. “The betting apps are in charge now, and everyone knows it. The leagues, initially so opposed to legalized sports betting, embraced it to help reverse sliding TV ratings and lure back the younger fans who were drifting away. Every major TV network now seems to employ a data whiz with glasses and rolled-up sleeves who can break down the betting angles for viewers at home. ESPN now recaps the day’s games by covering which teams beat the spread; gambling talk pervades pregame studio panels. Virtually every sports-media outlet in America, from CBS Sports to your favorite niche football podcaster, takes sponsorship money from gambling companies.
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- But the 76-year-old congressman from New York is one of Washington’s few prominent crusaders against the sports-betting industry.
- For complicated reasons involving point spreads and, possibly, divine punishment, I somehow managed to correctly pick the winner in 10 out of 12 games through the first three rounds while still losing money.
- Then, in 2012, New Jersey Governor Chris Christie, hoping to boost Atlantic City’s flagging economy, signed a bill expanding sports betting to licensed locations in his state.
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Before our first call, I sheepishly sent Silver my week-one bet slips. If anyone could turn me into a respectable bettor, I figured, it was him. He estimates that he has netted in the “mid–six figures” over the course of his gambling life. A few years ago, Silver, citing a midlife crisis and political fatigue, discarded the pundit suits, threw on a baseball cap, and started writing more about gambling.
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But interviewing him turned out to be trickier than anticipated. “Sports betting,” Perry likes to tell his followers, “is the highest-paying job in the world.” Before leaving Las Vegas, I was determined to meet with Sean Perry, a professional sports bettor with nearly half a million followers on Instagram. Even for someone who didn’t partake in booze or strip clubs, it was an exhausting place to spend time in. But what he loves about casinos is not so much the gambling per se as the sense of community it generates. Too many people think of casinos as depressing, predatory places, he said, filled with dead-eyed senior citizens sucking on oxygen tanks as they pump their Social Security checks into slot machines.
But as Carton likes to point out, that small percentage becomes a very large number when tens of millions of Americans suddenly have casinos in their pockets. Gamblers Anonymous has reported young men showing up in droves across the country, and one survey found that nearly one-third of 11-year-old boys had gambled in the past year. Have spiked by 25 percent, and calls to gambling helplines from young men have surged.
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Early in the fourth quarter, it looked like a win was in the bag. I first noticed it during the fourth quarter of the Cardinals-Titans game that Sunday. Scouring the sportsbooks each week for the best lines made me feel like a sharp.
Silver laid out some basic realities of the sports-betting economy. He launched a newsletter full of sophisticated sports-betting models and wrote a book about the psychology of successful gamblers. By 2018, Christie’s case had landed before the Supreme Court, which overturned the federal ban on sports betting. Then, in 2012, New Jersey Governor Chris Christie, hoping to boost Atlantic City’s flagging economy, signed a bill expanding sports betting to licensed locations in his state.
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Silver first made a name for himself as the founder of 538, an election-forecasting website that accurately predicted the winner of all 50 states in the 2012 presidential campaign. He simply ruled that the Constitution empowers states, not the federal government, to regulate gambling, and scrapped the entire legal framework that had been in place for the past quarter century. “After I win this thing—and I’m going to win it—you’re going to thank me.” “I’m not an animal to be bet on, like a horse,” Bradley scolded Christie. He was once cornered at an event by Bill Bradley, the former Knicks player turned senator, and NBA Commissioner David Stern, who both shouted at him so loudly that other attendees started to gawk.
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But was I really going to let my grand gambling experiment end like this? “You’re gambling, McKay,” he said disapprovingly. If I put everything I had left on the Patriots moneyline and they won, I would end the season up about $5,000. But I was also seduced by the allure of a big, go-for-broke win, the chance to dig out of the hole I’d dug myself into. I had what I thought were sound analytical reasons to believe the sportsbooks were underestimating the Patriots.
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“If you walk to that window right now and try to bet the 100K, they would 100 percent have accepted it.” He was feigning outrage, but in fact, this was a badge of honor for a handicapper like him—proof that the sportsbooks were scared of his gambling facility. I followed him to the counter, where he placed a $100,000 bet on an NBA game.