# The Hidden Danger of Sports Betting: What "Loss Chasing" Does to Your Finances

Page: https://stenobird.com/podcast/broadcast-retirement-network-1133962/the-hidden-danger-of-sports-betting-what-loss-chasing-does-to-your-finances
Text version: https://stenobird.com/podcast/broadcast-retirement-network-1133962/the-hidden-danger-of-sports-betting-what-loss-chasing-does-to-your-finances.md
Podcast: [Broadcast Retirement Network](https://stenobird.com/podcast/broadcast-retirement-network-1133962)
Published: 2026-08-17T11:30:00+00:00
Episode link: https://broadcastretirementnetwork.podbean.com/e/the-hidden-danger-of-sports-betting-what-loss-chasing-does-to-your-finances/
Audio file: https://mcdn.podbean.com/mf/web/w5t3x63vxchdiann/08176uo0a.mp3
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JSON: https://stenobird.com/v1/public/podcasts/broadcast-retirement-network-1133962/episodes/the-hidden-danger-of-sports-betting-what-loss-chasing-does-to-your-finances
Duration seconds: 1161

## Resource

Professor Brad Humphreys of West Virginia University breaks down the explosive growth of legalized sports betting and its hidden dangers. Backed by Arnold Ventures, his research uses a rare dataset of millions of anonymized bets to study "loss chasing" — the risky behavior of placing bigger bets after a loss. This conversation covers why sports betting can't be beaten long-term, why Gen Z wrongly treats it as investing, and what it all means for your finances.

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## Transcript

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