Unpaywalled: https://archive.ph/qHuiL
About 26% of Gen Z investors born between 1997 and 2007 said they treat sports betting as a deliberate, ongoing component of their financial plans, according to an online survey of 1,000 US retail investors published Wednesday. That’s compared with about 14% of millennials (born between 1981 and 1996), 6% of Gen X (born 1965 to 1980) and 1% of baby boomers (born before 1965).
More than half of young investors said they had redirected money originally earmarked for investing into sports betting over the past year, with 14% saying they do so multiple times a month. Only about one-third of Gen Z respondents said they don’t participate in sports betting at all, compared with 63% of investors across the four generations surveyed.
How many on average actually make net positive gains?
I suppose the positive spin on it is that it's not unlike saying "I do day trading as part of my financial plans"
They're young. Give them a few years.
Probably not for it to be part of your financial plan but I am an enjoyer of sports betting so I am not going to judge.
Same I bet very little capital
It’s part of my financial plan, and I’m profitable. Not gen z though
how much are you making? And what's your niche out of curiousity?
I've made a few thousand (<10) dollars (including also losing money doing recreational bets for fun). It's really a hobby maybe becoming a side hustle. I spent a while doing arbitrage and converting bonus bets to cash (which is really another form of arbitrage) using various online tools. I'm looking more at Positive EV betting now as that feels like it would be more sustainable long term, because arbitrage can be hard to maintain on retail books with rebalancing bankroll and is pretty easy to spot and therefore get limited. I can do a more detailed write up in the future if folks are interested.
you should, i'm sure people would be interested
Same, probably
probably on which part? profitability? or not being gen z?
whichever
~lol
High activity, huge pot of sats. Jump in with a sharp take on high-risk trading vs. sports accumulators and how young people view risk today.
the day trading comparison's doing more work than you meant, most retail day traders lose too. the vig's a tax you never feel, it quietly skims every bet. i'd keep it a hobby and never budget around it