Andre, the sports bookie who educated me about his business while we shared a row on a transcontinental airline flight, explained ‘hedging’ to me. Further, he pondered whether online influencers could constitute a substantial threat to the integrity of the business – a question that is unanswered, but perhaps increasingly important. Read about it in NASPL Insights September 2019.
People are publicly passionate about sports, as about little else. Where they bet money on sports, the collision of passions and skill can support a big business. Lotteries, accustomed to running games of pure chance, face a steep learning curve if they get involved in sports betting. But there is potential to use a sporting event to determine the outcome of a game of pure chance- if the player bets randomly. How can lotteries develop this opportunity? I explore this question in NASPL Insights September 2018.