Sports Gambling Analysis

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“Did you know that Americans spend more than $600 billion a year on legal gambling, making it by far the favored national pastime?” (Doyne, Shannon. "Should Sports Betting Be Legal Everywhere?"http://learning.blogs.nytimes.com/. New York Times, 3 Feb. 2014) Over 118 million people have actually bet or placed money on actual sporting events, according to ESPN. Some people have dedicated their lives to fantasy leagues, betting various amounts of money at a time ranging from a couple of quarters, to a couple hundred thousand dollars. Sports gambling can either result being a good investment, or a bad investment. If you do win you could end up winning your money back that you bet on and your opponents money. But if you lose, you end up losing

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