According to market research conducted by SportsBettingDime.com, many sports bettors are involved in”… responsibly, openly occasionally and within their means” sports wagering.
The report, https:/www.sportsbettingdime.com/guides/research/, also highlights the more negative aspect of the practise in that 34.3 percent conceal their gambling from their partner or significant other; 31.4 percent of sport gamblers are not truthful about how much money they bet with their partner or spouse; and 24.2 percent are not telling the truth about the rate with which they bet.
Not surprisingly, 31.9% admit that gambling interfered with their personal relationships; and 36.6% skipped an important work or family event to watch a sporting event they wagered on.
“Ultimately, though, the evidence in our study suggests that the strong majority of Americans betting on sports are doing so responsibly, openly, occasionally and within their means,” said Matt McEwan, Editor of SportsBettingDime.com.
“Two out of three have engaged in no negative betting-related behaviours whatsoever. As we move toward an era of increased regulation and accessibility to sports betting, the data suggest that there’s much to be optimistic about as the market expands and new bettors enter the fold.”
When it comes to paying off their losses, 36.4 per cent of respondents have sold something of value; 24 per cent have borrowed money from family or friends; 11.2 per cent have stolen something of value to pay off debts or raise money to gamble with; and 7.9 per cent have run a credit line with their “bookie.” Although most sport bettors earn more than $50,000 a year, only 21 per cent wager with their “bookie” Given the frequency with which most bettors leap into the action, these small numbers are not shocking.
At 4.1 percent wagering once a day and 5.1 percent wagering more than once a day, fewer than 10 percent of active bettors wager every day. By comparison, 24.3 percent places bets only once a month, while 15.8 percent places bets only once a year on sports.