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The Future of Sports Betting: A Conversation with Dr.Aris Thorne
Keywords: Sports betting, online gambling, sports gambling, betting industry, gambling regulations, responsible gambling, MLB, NBA, NFL, NHL, NCAA
The sports betting landscape is rapidly evolving following the overturn of PASPA in 2018. Too understand the implications, Time.news spoke with Dr. Aris Thorne, a leading expert in gambling behavior and policy at the Institute for Gaming Research.
Time.news: Dr. Thorne, thanks for joining us. The proliferation of sports betting ads and apps has been hard to miss. Is this sustainable, and what are the long-term effects?
Dr.Aris thorne: It’s a pleasure to be here. The sports betting boom is indeed undeniable.The influx of advertising is a direct response to increased legalization and competition for market share. Whether it’s sustainable in its current intense form is debatable. We’ll likely see some consolidation, and potentially, greater regulation of ad content.
The long-term effects are multifaceted. On one hand, it offers entertainment and potential economic benefits through taxes and job creation. Conversely, increased accessibility raises concerns about problem gambling and its societal costs.
Time.news: Legalization varies significantly state by state. some have mobile betting, others only in-person. What are the pros and cons of differing sports gambling regulations?
Dr. Aris Thorne: A fragmented, state-by-state approach has its advantages and disadvantages.Pros include allowing states to tailor regulations to their specific needs and values, and a potential for innovation as states experiment with different models.
Cons include regulatory inconsistencies, which can be confusing for consumers and create opportunities for illegal operators. It also makes it tough to establish national standards for responsible gambling and consumer protection. A unified, federal framework, or at least greater cooperation between states, would likely lead to a more consistent and safer experience for bettors.
Time.news: Many of the images we are seeing focus on baseball, what trends have you noticed in popularity regarding different sports? Do certain sports lend themselves better to betting?
Dr. Aris Thorne: Baseball has traditionally been a popular betting sport, given the frequency of games and the diverse range of available wagers.Though,we’re seeing significant growth in other sports as well. Football, particularly the NFL and college football, remains incredibly popular due to its large viewership and passionate fan base. Basketball is also a huge market, especially with the rise of in-play betting, which allows fans to wager on events as they unfold in real time.
Ultimately, the “best” sport for betting is subjective. Different sports appeal to different types of bettors. Some prefer the slower pace and strategic nuances of baseball, while others gravitate towards the fast-paced action of basketball or the high-stakes drama of football.
Time.news: What about the impact on the integrity of sports? Is increased sports betting activity related to an increased need for integrity oversight?
Dr. Aris Thorne: Absolutely. Increased betting activity places a greater burden on leagues and regulatory bodies to ensure fair play. The risk of match-fixing or insider information being used for illicit gain increases proportionally with the amount of money wagered. Thankfully, most major leagues have robust integrity programs in place, including monitoring systems, education for players and staff, and collaboration with law enforcement. This is a continuous effort.
Time.news: What advice would you give to someone who is new to sports betting?
Dr. Aris Thorne: My advice is threefold:
- education is Key: Understand the different types of bets, the odds, and the risks involved. Don’t bet blindly. Reputable sports betting sites frequently enough have guides and resources to help beginners.
- Set a Budget and Stick to It: Sports betting should be viewed as entertainment, not as a source of income.Decide how much you’re willing to spend and never chase losses. Only gamble with money you can afford to lose.
- Gamble Responsibly: be aware of the signs of problem gambling and seek help if you need it. There are many resources available, including self-exclusion programs and helplines. the National Council on Problem Gambling is a good place to start. Understand the risks for more people.
Time.news: Any final thoughts on where the sports betting industry is headed?
dr. Aris Thorne: I expect to see continued growth and innovation, with a greater emphasis on mobile betting and personalized experiences. We’ll also likely see increasing regulation to protect consumers and ensure fair competition. The industry is still relatively young, and its future trajectory will depend on how well it balances entertainment with responsibility. The key is to responsible sports gambling, for everyone.
Time.news: Dr. Thorne, thank you for providing your expertise on this rapidly changing landscape.
Dr. Aris Thorne: My pleasure.
