And what experts have found is that sports betting may create problems worse than the traditional casino and cards. People who bet on sports often believe they have an edge because they follow the teams. The random bounce of a football or a blown call doesn’t tend to factor into a bettor’s belief system.
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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?”