2/3 of millenials and gen z have placed a bet on sports or polymarket in the last year
I don't believe that buying Starbucks make you poor like the boomers say, but gambling definitely does
To me this is an indication of intelligence and rationality.
I once did a game with some family members that all buy lottery tickets. I invited them (6 of us) to throw in €10 and then we have some anon pick a name from a hat and the winner would take the full €60. No middlemen, no charities taking any of that €10 you out in. None of the 5 other wanted this. They literally unanimously agreed that 1/6th a chance of gaining €50 was a bad deal. But 1/millions chance to win €1M for the cost of €25 seemed like a pretty good deal to them.
A fool and his money shall soon be separated.
I once did a game with some family members that all buy lottery tickets. I invited them (6 of us) to throw in €10 and then we have some anon pick a name from a hat and the winner would take the full €60. No middlemen, no charities taking any of that €10 you out in. None of the 5 other wanted this. They literally unanimously agreed that 1/6th a chance of gaining €50 was a bad deal. But 1/millions chance to win €1M for the cost of €25 seemed like a pretty good deal to them.
A fool and his money shall soon be separated.
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