Sports betting (or any sort of betting really) is where people wager that their individual knowledge is better than the collective knowledge of the 'house'. Headlines like this are evidence that the house always wins (but with just enough uncertainty to keep enticing the individuals confident in their own knowledge). I in no way support it, because it depends on perpetuating a falsehood on those who, for one reason or another, aren't able to know better. There are better ways to fund education. Taxing billionaires, for example.
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