My oldest brother has been a gambler since his college days. He doesn't like to watch a game unless he has money on it, and he's pretty into sports. He's in an independent living facility and drives to the casino most afternooons to play some craps and put in a wager or two.
But that's just how he rolls. His investment strategy is kind of similar. When his daughter was in Indian Guides his name was "Chief take a chance". Gotta hunch, bet a bunch.....
My other brother and I try to council him on it, but we usually don't get very far in our efforts. But at this point he's somewhat more responsible. Only takes $300 to the craps table and sometimes quits before he loses it all. As experienced as he is he really does know the best strategies.
He's 76 and not going to change at this point. And he realizes that he needs some of his investments to supplement SS to keep living where he is now, so together with my other brother and I keeping an eye on him, as well as his adult son, we believe he'll be fine. But it's easy to see how people totally out on their own get into serious trouble, or men with families to support can let those who depend on them down. Many sad things happen that didn't have to.....
As far as the NCAA goes, they themselves like to have it exactly to their advantage. The way they handled NIL as a free for all, for example. So if gambling has been legalized whey should people be restricted to suit the NCAA. I can see how it may put pressure on young people individually, but there is already pressure on them as they themselves in general want to do their best for themselves and for their team. So I don't believe this type of betting changes things much and the NCAA having done their fair share to screw over athletes and universities should stay in their own lane as far as I'm concerned.
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