[Music] new tonight the NCAA tournament is underway and the excitement has some people trying out sports betting some for the very first time joining us now to talk about how to play responsibly is Dr James whan director of The Institute for gambling Education and Research Dr Wayan thanks for being here happy to be here Megan okay so let's start off first with the elephant in the room the odds depending on how you bet most likely not in your favor let's be real here that's true um you know gambl
ing is about a hope and a dream but the truth of the matter is you should always think about what money am I willing to lose sure and you know I get how people can get sucked into this because it feels like easy money when you win you chase that dopamine dump what advice do you have for people who do want to maybe dabble in sports betting yeah so I you know the the first thing is uh the other elephant in the room is it actually makes games more fun particularly games you might not care about usu
ally so so the way people approach this is I think the way should approach all fun things in your life um and that is you come you walk in the door with a plan uh that before you actually go in and start betting you pick up the app and and see what they're going to offer you you should really first decide how much money are you willing to lose and then the second thing is pick and invest a bet in a game that's going to matter to you in some way a game you want to watch the game you want to make
more fun rather than just trying to see where and what you can bet and how you can win money go and bet about the things you care about and the things you want to win in um to make those games more fun but the key to it is to approach it like you would for example if you walked into an ice ice cream store to buy ice cream you never walk in there thinking I want to get all of the flavors I want to buy all of the ice cream no you don't do that you walk in the door and you make before you get there
you decide if you want one scoop or two you know and you should approach your sports bedding in the same way as another form of entertainment how much do I want to bet how much am I willing to spend tonight and in what games do I want to make that fun the other advice I have for people is um talk about your Bets with people who care about you uh a good friend a family member uh somebody who will say to you hey man maybe you're gambling a little too much there or boy don't think about that befor
e you move forward the same way as if you walk into an ice cream Pilar and you're thinking maybe I want Four Scoops you want to be with somebody that says come on dude you don't need Four Scoops those kind of checks in our life about people who care for us is is a real valuable thing and maybe you know exhilarating when you win but know when to stop too to walk away a winner so you don't get yourself into a jam oh that's always that's always a big deal I think U no matter what form of gambling t
hat's involved you're going to risk a certain amount of money but if you win and you want to keep those wins hey pocket that pull that out the other thing is on the apps they have tools there to help you take a break to control how much you're you're going to bet in a particular day or even a particular week they have control mechanisms that can help you do that so you don't you don't go a little wilder than you have plann utilize those tools and play responsibly Dr thanks so much for helping us
navigate because it is an exciting time so thanks for walking us through that oh you're welcome
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