Degenerates and gambling

I love this time of year as the NCAA Tournament kicks off. Unfortunately I haven’t had time to watch any of the games this morning, but I plan to get a healthy dose of basketball this weekend.

I do not gamble on sports at home solely for the fact that I know I would love it too much. I love sports and gambling separately and when you combine those two together, it’s a bad habit that I don’t need in my life right now. I save most of my degenerate behaviors for when I get the chance to go to a casino or Vegas which is maybe once a year if I’m lucky.

It is hard to ignore just how many people do gamble on sports on a daily basis. I have many friends who have apps and gamble almost every weekend either through a bookie or an app. It’s only going to grow larger. It’s a trend I stay close to and I’ve taken a few positions in my portfolio for that.

There’s a ton of startups banking on this trend as well. Gambling is now effectively open in Robinhood. It’s the age of the degenerate.