The gambling epidemic is upon us. When I hear friends and family saying that bet 5 bucks that they don't have on a meaningless game using a Betting App I know trouble is brewing. The latest commercial touting sign up and get $100 is just another way of trying to lure you in and spend money you don't have. Gone are the days of just enjoying the game. There is too much money at stake with all the professional leagues to hold back the gambling tsunami. The great Pete Rose was banned from baseball for betting on his own team and recently an NBA player was banned for betting on games. Let the corruption begin.
Gambling targets those that don't have the money to lose. Most wealthy folks are not gambling they are investing. And yes there is a big difference. With gambling the odds are always in the houses favor that's why there is now a casino on every block. Investing is a long term endeavor where you buy assets with the idea that they will increase in value. The S&P 500 has averaged over 8% annual returns over a 30+ year period and you can start by putting that $5 parlay betting money to better use.
I know everyone enjoys a little action and gambling provides that but save it for the Super Bowl or some other big game. You work to hard for your money and you need to ensure your cash works just as hard for you. Become an investor. Study the markets, real estate, become an entrepreneur, start a business, share your art, music, talent. Life provide plenty of action without wasting your time and money on gambling.
Beat the odds and stay away from the Suckers bet don't be a gambler.
With Love,
Coach K
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