But the slope can be a slippery one. While merely .6 percent of American adults would be classified as problem gamblers, according to a 2008 study in the journal Psychological Medicine, that number skyrockets to between six and nine percent for college-aged- people, according to a 2010 Journal of American College Health report. Successful gamblers win only about 53 to 54 percent of the time, according to Sean Brace, program director and host for The Gambler, Philly’s Fox Sports radio station. It’s a statistic that many gamblers — especially brash young bettors — don’t believe. So they bet. And bet. The opportunities are endless, and the potential for that next wager is always just a swipe and a click away. The sea change in sports fandom is fortified by technology, social media, data, and, most importantly, young people’s primary connection to the world: cell phones.
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“Sportsbooks make a 30 percent profit on parlays vs. five or six percent with straight bets,” says Jeff Edelstein, a senior analyst at USBets, a site devoted to sports gambling. “People love parlay bets. Who doesn’t like putting down a little to win a lot?”


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Currently, 31 states plus Washington, D.C., offer legal sports betting, with several more expected to do so soon.

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