To the editor: Kudos to visitor contributor Myron Levin for declaring the similarities between promoting by the playing business and the tobacco business (“Celebrities who shill for sports betting are the modern Marlboro Men,” Oct. 14).
To entice gamblers within the focused group of males 18-49, the business makes use of phrases like “gaming” and “buying and selling” fairly than playing.
Moreover, partaking on this exercise is a mathematically dropping proposition. With the purpose spreads the way in which they’re, the percentages of successful any single wager are basically 50/50, or 1 out of two. Whereas the business promotes pay-outs “in the event you win,” the percentages of successful go down significantly every time one other wager is added to the parlay. In a two-bet parlay, the percentages of successful are roughly 25%, or 1 in 4. In a three-bet parlay, the percentages of successful turn into 1 in 27 and the percentages go down from there with every extra wager.
Gamblers could be higher off going to the racetrack or Vegas.
Alan Schuchman, Los Angeles
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To the editor: One can’t assist noticing the brand new pervasive promotion of on-line playing websites on sports activities radio and tv. On-line playing websites are main sponsors on my favourite L.A. radio sports activities speak present.
One factor Levin’s glorious op-ed fails to say is that, as most individuals be taught from Las Vegas, “the home” in the end wins.
James Dietze, Honest Oaks
