Top Menu

The Impact of Sports Betting

Remember that play early in the NFL Season?!

$300 Million Dollars changed hands because of the decision on this play. I didn’t watch that game and while I saw the highlight the next day about 75 times throughout the day anytime I turned on the radio, my smart phone, or the TV I forgot about it soon enough.

What is very interesting though is the deep underground impact of sports betting online news.  Both on a call like that and on calls throughout the entire sports world on a daily basis. Why should you care?  I care because I like to learn about new things and I find it simply amazing.  It’s better to be intelligent rather than ignorant.

Or perhaps you were one of the $300 Million Dollars that got moved to the other side as a result of that Golden Tate Play! Yes you heard me right. That single play moved Vegas dollars an estimated $300 Million.  Don’t believe me??  Vegas bookies spoke out HERE! That does not include the hundreds of side bets, friendly handshakes, etc.

The impact goes bigger than just the win or the loss

We are not here to lecture on the pro’s or con’s of sports betting and its integrity.  Yahoo did write a nice article about five years ago on that so feel free to take a glance at it here.

No what we want to examine is to realize that one play like that has huge consequences and far reaching measures.  The impact of the sports betting on that one play won or lost $300 million dollars to the other side.  That first off is a lot of money.  That I guarantee made AND broke one person each way in their lives for the coming two years.  That has far reaching effects on our economy.  That person who MADE his year on that call likely won’t be working very hard at their job or career if they have one and the person who LOST his or her year may have gotten kicked out of their home, fell behind on their bills, etc.  It sways people’s lives for extended periods of time.

Throw in the fact that play was probably the caveat to push the replacement refs out of the NFL and gave the pro refs leverage to come back with a great deal and you are now talking hundreds of millions of dollars that had an immediate impact from that one play.

The actual impact of sports betting

Where it all comes full circle is when we look at the long term impact of sports betting.  The wagers and lines put such pressure and stress on players and spectators lives that sports betting to a certain degree has taken the life of sports and put a whole new twist on it.  A win for your team is no longer a win if they didn’t beat the spread.

Wait, what!?  Your team won but since they didn’t meet a magical line in your eyes you still lost.

That is the long term impact from a fan’s perspective.  The purity and sanctity to a certain degree is lost.  If we wish to rid ourselves of that then so be it.  But if you don’t think it changes the way players play the game, fans watch the game, and even refs knowing that line in their head aren’t thinking about it as they participate or watch the game you are partially blind to the true story.

Now I am not saying that they are influenced or sway to the line, that is only the one in the million athlete or ref who does that.  The Tim Donaghy or the Pete Rose.  But I am saying it is in their head because it is all around them leading up to the game. And that has a long term impact on the way in which we watch and play sports. College is not off the hook here either.  It happens just as much at that level as it does in the pros.

As for the economic impact of sports betting

Hundreds of BILLIONS of dollars each and every year are bet on sports in America alone!

The 2011 Super Bowl had 87 Million Dollars wagered on it. The 2012 NCAA Tournament had 2.4 Billion Dollars change hands in NCAA pools alone!

That is not chump change.  A single play in a big sporting event has thousands of dollars won and lost, every single game has hundreds of thousands and even millions of dollars won and lost.

And it’s a vicious cycle that keeps rinsing and repeating itself. Gambling in my eyes, like everything else in life, is just fine if done in moderation. But these enormous amounts of dollars are then building businesses, breaking school levy’s, changing lives for the good and the bad, changing people’s vacation plans to Las Vegas instead of DisneyWorld, moving people up or down in social classes, and changing the way in which we talk about the outcome of sporting events thanks to the proverbial “spread.”

That’s the impact of sports betting.  How you use it is up to you, but know that it exists and will come to affect every single one of us either directly or indirectly someday in our lives. For better or for worse.  Just be prepared.

Thanks for reading to everyone!!  Thoughts or comments leave them below, email me at [email protected], or tweet us at @SportsNetworker and have a great day!

, , , , ,

17 Responses to The Impact of Sports Betting

  1. Reed January 21, 2013 at 5:26 am #

    The writer begins by saying, “We are not here to lecture on the pro’s or con’s of sports betting and its integrity.” He then goes on to lecture us about the pro’s and con’s of sports betting. No offense, but…

  2. Mike Rudd January 21, 2013 at 6:05 am #

    Thanks for your comment Reed. What I meant by that was I didn’t want to tell you betting on pro sports is right or wrong, you should or should not partake, just simply what the facts are and how many dollars are being waged.
    That’s why I even said that gambling if done in moderation is fine.
    I found the facts to be pretty astounding was all so I tried to paint the picture of the potential impacts on both sports business and the economy.
    Didn’t mean for it to be a lecture if it came off that way.
    Have a good one!
    Mike

  3. Findbookmaker January 30, 2013 at 3:09 am #

    Nice post. I totally agree with the fact that sports betting have a huge impact on our lives. Some times for me was disappointing results, if I lost bets, regardless of whether my team won.

  4. BlairH February 1, 2013 at 7:47 am #

    I think that sportsbetting is the same a gambling and can be a problem if not governed correctly! But at the end of the day as long as the betting is legitimate i personally feel it is fine.
    Just my 2cents worth

  5. http://www.journalhome.com/ May 12, 2013 at 8:27 pm #

    Heya just wanted to give you a quick heads up and let you
    know a few of the images aren’t loading correctly. I’m not sure why but I think its
    a linking issue. I’ve tried it in two different browsers and both show the same results.

  6. Kyree Sharma September 5, 2013 at 10:18 pm #

    Sports Gambling is increasing rapidly in all countries and now the biggest concern in sports betting is the integrity of the game. There lots of people who appreciate sports betting and are always searching for ways to create them more lucrative today.

  7. Anthony Gorman February 13, 2015 at 1:38 am #

    Expert reviews play a vital role in your winnings at online sports betting. The sports betting strategies work with the opinions of the professional of sports analysts. It is better to get some hints and expert advice from those professional bettors to make better betting decisions. You can also take some lessons from their personal betting experience in order to perform well in sports betting.

  8. Alber Tramos June 11, 2015 at 10:43 pm #

    I am very glad that I got to read these tips and strategies that can be used while betting on sports online. I should thank you for mentioning these in your post. I would now like to tell everyone about my wonderful sports betting website. We offer great bunch of sport games to bet on and these include motor racing, wrestling, soccer, horse racing, basketball, baseball etc and much more. We offer a safe website to bet for our players. Sports betting is much talked about today than ever and more people wish to invest in sports betting today.

  9. Daniel James June 14, 2015 at 10:52 pm #

    I am glad that this post talked about sports betting websites and their owners. I am sure that this post will be useful to all those who are looking forward to begin their journey of sports betting. I hereby would like to tell about my newly launched sports betting website. Here we are offering a brilliant set of sports to bet on and we also offer an easy and friendly interface. We also offer best customer support service to our players.

  10. brennonmiller July 6, 2015 at 12:04 am #

    Here I am to tell you about the facilities that you can get upon joining our sports betting website. Here, on this website, we offer the players a grand offer when they join us. The free money they can use for betting. Also, the players can visit and check that we have loads of sports games on which the bets can be made. Another amazing thing is that we offer on the sport support services by our staff and the players can get all their queries answered.

  11. Kevin Costner August 20, 2015 at 1:05 am #

    Sports betting is a new trend these days and today people do not just watch sports but they also get involved in the games by predicting the results of the game every minute and making money out of it. Today, it can be done online and the interested ones can join my sports betting website to place bets on their favorite sports team or sports players. On this website, the players can bet on every small movement of the sports.

  12. CLARE WAKWABUBI April 30, 2018 at 11:25 pm #

    I congratulate the writer for this post. Sport betting has increased drastically but the authority has to use media platforms to send warnings to young people. So many have lost their lives due to unexpected outcomes.

  13. Elizabeth Dryden February 15, 2021 at 4:58 am #

    J’ai aussi quelque chose dont je suis fier et je veux le partager avec vous. Mettez toutes vos affaires de côté dès maintenant et rendez-vous sur https://fr.casinosonlineschweiz24.com/bregenz-casinos/ avec les meilleures plateformes de casino en ligne qui vous donneront une chance d’améliorer votre vie.

  14. bet-n April 21, 2021 at 11:14 am #

    Remarkable things here. I’m very glad to peer your article.
    Thank you a lot and I’m having a look ahead to contact you.
    Will you please drop me a mail?

  15. Usernesiavip August 19, 2021 at 3:05 am #

    Choosing the best and most trusted place to put-on online gambling has become the main requirement if you desire
    to be well-off in this business. It doesn’t concern what game you play,
    be it soccer gambling, lottery gambling, casino gambling, online slots
    or even cockfighting. If you can’t choose a well-behaved gambling site,
    next you will stop taking place in failure.

    Therefore, it is categorically important for those of you who are extra to the online gambling industry to know what criteria a site must meet fittingly that
    it can be said to be the best and most trusted online gambling site.

    Are you a enthusiast of online slot gambling games?
    This game has been with reference to for hundreds of years but is still one of the favorite games in Usernesia even in luxury gambling places in the same way as Las Vegas
    or Macau, slot machines are always quickly lined taking place waiting for fans to tug
    levers and win jackpots that accomplish billions of rupiah.
    .

    But, did you know if this game was initially considered a flop game?
    Yes, at the beginning of this game created by its creator named Charles
    August Fey in 1894 in the joined States, this machine was intended as an automatic poker game machine that could be
    moved using coins.

  16. www.agendepo168.com April 18, 2022 at 1:14 am #

    Indonesia’s Trusted and Official Online Slot Agent
    Agendepo168 is typically the best trusted slot agent which has been certified by PAGCOR within Indonesia.
    Agendepo168 will be also supported simply by
    the completeness regarding slot bookies that will already have an official Malta Gaming license and several
    permit in other nations around the world. Agendepo168 who works as a trusted real cash online
    slot agent that assures to pay for all fellow member wins and gives the
    best services.

Trackbacks/Pingbacks

  1. The Impact of Sports BettingSports Networker | ... - February 20, 2014

    […] Ever wonder how much there is behind the business of sports betting? How a play here or there can drastically change the winnings for millions. Read here.  […]

Leave a Reply