The Brutal Truth About Sports Betting vs Investing

**SPEAKER_1** (0:00)
And I want to ask you guys this question, because I was listening to some music and listening to a Ross interview. When do we go back from buy back the block? And you guys talked about this with Mero, right?
I think you made a great point that the gambling epidemic will be equal to or surpass the crack epidemic. When do we go from wanting generational wealth to gambling overnight?

**SPEAKER_2** (0:27)
You want to start?

**SPEAKER_1** (0:28)
I mean, it hit almost in a three-month window where everybody just said, forget anything long-term, I'm living for today.

**SPEAKER_2** (0:39)
Yeah.

**SPEAKER_3** (0:39)
When you think of that about the time, especially with the buy back the block, and you talk about 444 from cultural moments, Nipsey, obviously, Rest In Peace was a part of that movement. There was a shift that was happening, definitely in our culture for sure, and obviously in our community. Our platform gets launched in 2019
Market Money is in 2020 There are pivotal moments in terms of the idea of what we should be doing with our money, how we should be investing in it, how should we be treated, learning about entrepreneurship, business, all those things. And so at the same time, you get companies like Flutter, which is the owner of Fandu, and Draftings, they IPO in the market, right? And so you're fighting this uphill battle to educate people about what to do with money, while there is a billion, multi-billion dollar push to push gambling, sports betting, and now what we have is predictive markets.
People want to make money fast, and they want to make it in a hurry. And when people, obviously, the things that we know in our community is sports and entertainment, right? And if we can make money quick from not playing sports, from being involved in betting in it, then people are going to do that because it's gamified. It's kind of the scarlet letter that they used to put on Robinhood. You're making this too fun. You're making this gamified. You're making it addictive where people are going to treat it like gambling. So you put all those things in the gumball pot. The idea that people are hurting, people are losing jobs, you know, obviously, inflation, living wages, the price of anything from gas to groceries has gone up. People are trying to figure out how can I make money fast? And when we don't know what to do, we go back to the things that we've seen historically, whether it was playing the lotto, whether it was a number runner. Now, obviously, younger and younger people are doing sports, but how can we make money fast? How can we give our money away because we don't know what to do with it? Then you put in the music, you put in the advertisement inside of the cultural significant pieces of media in our community.

**SPEAKER_1** (2:51)
It's a great choice of words.

**SPEAKER_3** (2:55)
It's a calculated mission that has been working effectively, and it's one that we combat every single day.

**SPEAKER_1** (3:01)
Public service.

**SPEAKER_2** (3:03)
Go ahead, go ahead, Shaq. Please, because I wanted to just because this is something that, okay, let's address this.
For the crowd that continuously says, well, you guys talk about investing and the stock market, and that is gambling. Technically, that is gambling. So you trade in one casino for another.
So let's go through the numbers. If you sports bet, right? This is, look, Axe Chat GBT, if you don't believe me, you have a 90 to 97 percent chance of losing long-term in sports betting. 90 to 97 percent long-term chance that you'll lose money if you sports bet. If you invest in the S&P 500 over the course of any rolling 20-year period, what do you think your chance has been to lose money? If you invest in the S&P 500 over a 20-year rolling period, of any 20-year rolling period, what was your chance of losing money? Zero.

**SPEAKER_1** (4:01)
Zero percent.

**SPEAKER_2** (4:02)
So this is important because we really got to educate the audience. We told you this for six years. This is actually the final call.
So it's vitally important that you listen. This is the final call.
You have a 90 to 97% chance of losing in sports betting over the course of the long term. You have a zero percent chance of losing money if you invest in the S&P 500 over any 20-year rolling period. Now, do you have a high probability of losing money day trading? Yes, you do.

**SPEAKER_1** (4:37)
For sure.

**SPEAKER_2** (4:38)
But this is Market Mondays, it's not Day Trading Mondays.

**SPEAKER_3** (4:41)