Gambler X: Why I don't like sports betting legalization

Gambler X is a professional sports bettor who makes his living betting legally in Las Vegas. He has agreed to share insights and experiences in the betting industry but prefers anonymity to keep his edge against the sportsbooks.

I am a professional gambler in my mid-30s, based in Las Vegas. Although I dabble in a variety of gambling ventures, sports betting is my bread and butter. For the past five years, it has been my family's main source of income, fed and clothed my children and allowed my wife to go back to school to finish her education. It has given me the type of personal and professional freedom that I try not to take for granted.

The life of a professional sports bettor is filled with worry. Imagine busting your butt all day, only to have the difference between a winning and losing day decided by a two-point conversion in a preseason game (that happened to me a couple of times this year). Sometimes those bad days turn into bad weeks, which turn into bad months ... which turn into bad years. It's impossible to not go at least a little crazy from time to time. It's basically a job requirement.

The worst part of it is that the day-to-day variance isn't my main concern anymore. What really keeps me up at night is the fear of losing my edge. I've been asked many times what my biggest fears are for the future of sports betting, and my answer is always the same: change.


Read the rest of the article.