In this episode of the PFS Podcast, Mark Paller and Mark Mogle discuss the risks of sports betting and its similarities to day trading. They explain why many bettors and traders end up losing more than they gain, despite occasional wins. The allure of quick wins, driven by enticing ads and platforms like DraftKings, often leads to an unhealthy cycle fueled by the thrill of risk. They also highlight how big brokerages and sports betting platforms profit from these activities, sometimes at the expense of individual financial stability. Tune in as they share insights into managing these risks and making more mindful financial decisions.