There are no significant differences in self-reported sports betting by educational attainment or household income level. For example, 18% of college graduates say they have bet on sports in some way in the past year, as have 20% of non-college graduates. Similar shares of adults in upper-income (22%), middle-income (19%) and lower-income households (19%) say they have bet on sports in the past year.
But that¡¯s it.
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¡°Sportsbooks make a 30 percent profit on parlays vs. five or six percent with straight bets,¡± says Jeff Edelstein, a senior analyst at USBets, a site devoted to sports gambling. ¡°People love parlay bets. Who doesn¡¯t like putting down a little to win a lot?¡±
¡°At the end of the day, we see that the model is not sustainable,¡± says Jason Angelides. ¡°Companies are paying a large bounty, up to $2,000, to acquire a customer and bring them to their apps. Then they provide no differentiation of product. The majority of gaming apps are very similar.¡±
The group is among a growing number of competitors vying for the three licenses in or around the city.


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The rapid advance of this technology has allowed gambling operators to figure out a lot about customers ¡ª when they bet, how much they bet, whom they bet on ¡ª and addiction experts maintain that the companies have a responsibility to use that data to help keep bettors from becoming addicts.


Of course, I don¡¯t really know what the payout percentages for this game would be at either casino. This example illustrates a common scenario, though, when playing slots in brick-and-mortar casinos.
a table containing payout amounts for specific bets placed on a slot

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