Gambling addiction is no game

the Kansas City Chiefs edged the Philadelphia Eagles in the NFL’s biggest game Sunday night, watched by more than 100 million people around the world.

But more than 50 million sports fans here at home in the United States had more invested in the game than pride in their favorite team. They wagered as much as $16 billion on Super Bowl LVII, according to the American Gaming Association. And just like football, someone’s going to win, which means someone has to lose. The thing is, being on the wrong side of a good bet is more common than not.

The money bet on the Chiefs and the Eagles was said to be more than double the total spent last year, when the Los Angeles Rams defeated the Cincinnati Bengals. And these days that betting involves more than just choosing which team will win.

Take prop bets, more formally known as proposition bets. They aren’t tied to the outcome of the game — like traditional spreads, moneylines and totals. Instead, they focus on more non-traditional occurrences like the length of the national anthem, or what color Gatorade will be poured on the winning coach.

Prop bets are currently the biggest driver of revenue for many sports gambling sites, according to news reports. That is, except in New York, where the law requires that all bets be tied to the game itself.