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Gambling Awareness Initiative

Sports Gambling Exposed
 

My presentations blend history, economics, psychology, and math, weaving captivating stories with dynamic data visualizations to illustrate how the sports gambling industry targets young Americans. I will demonstrate mathematically that predicting winners in sports betting is as random as flipping a coin, and that the odds set by sportsbooks ensure long-term losses. Key topics include:

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  • The History of Sports Gambling: We’ll explore the colorful history of gambling in America up to the Supreme Court’s 2018 decision that allowed states to legalize sports betting.

  • The Meteoric Rise of the Sports Books: The emergence of a $135 billion-a-year industry.

  • The Financials: We’ll use data visualizations to explore the business side of the industry, demonstrating how sports books are steering customers toward the worst bets.

  • Marketing Strategies: Unlike the alcohol and tobacco industries, sportsbooks are allowed to directly advertise to our students.

  • Expected Value: We’ll expose the mathematical edge imposed by the books. A simple example will help students understand what they are up against.

  • Market Efficiency: Using data from every NFL game since 1966, we will visualize the efficiency of the betting markets. The biggest football fan in the audience has no more predictive power than a blindfolded monkey throwing darts.

  • The Law of Large Numbers: In the short run, gambling can be fun and exciting. Anything can happen. But in the long run, the house’s edge grinds down every bettor.

  • Addiction and Financial Implications: We’ll explore the latest research on the harmful effects of gambling on society.

George E. Smith aka Pittsburgh Phil
Sports gambling education
speaker on gambling
Gambling education
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