Showing posts with label betting. Show all posts
Showing posts with label betting. Show all posts

Saturday, 28 December 2024

Old Posts Addenda (5)

 A Baker's Half-dozen 
   Here are some "Breaking News" items relating to subjects already covered in MM. 



1. A Big Bird Kill
   There is a flock of posts in MM relating to birds of various kinds and a few have been devoted to the losses in the avian world. In "Passenger Pigeons", their disappearance was lamented and a description of a large flock over the Bruce Peninsula long ago is provided. Readers of The Times (of London) used to write letters to that paper about the spotting of the first cuckoo in the spring. Now they are rarely seen and the song of the nightingale seldom heard ("Books of The Times."
   Soon it is the
murres we will be missing.
"
Scientists Just Confirmed the Largest Bird-killing Event in Modern History
A Marine Heat Wave in the Pacific Ocean That Began a Decade ago Killed some 4 Million Common Murres in Alaska, Researchers say," Joshua Partlow, The Washington Post, Dec. 12, 2024.
"It would take years of study to confirm they had witnessed the largest die-off of any bird species ever recorded in the modern era, according to new research published in the journal Science on Thursday.... The killing was an order of magnitude larger, she said, than the hundreds of thousands of murres that perished in the 1989 Exxon Valdez oil spill in Alaska.“We’ve had lots of long-term declines that have been observed in wildlife,” she said. “But what’s really different here — that we haven’t seen before — is this really swift catastrophe where in one year we have half the population of this really abundant seabird just wiped out.”

2. What Will Eat the Dead Buzzards?
   The "Vanishing Vultures" in India that were written about in MM in 2017 are in the news again. See:
"The Hidden Value of Vultures:
"Researchers believe a massive die-off of the birds led to over 100,000 additional human deaths per year in India, by Ian Rose, The Washington Post, September 14, 2024 and
"How a Crisis for Vultures Led to a Human Disaster:
Half a Million Deaths 
The birds were accidentally poisoned in India. New research on what happened next shows how wildlife collapse can be deadly for people," Catrin Eihorn, NYT, July 29, 2024.
   "Now, economists have put an excruciating figure on just how vital they can be: The sudden near-disappearance of vultures in India about two decades ago led to more than half a million excess human deaths over five years, according to a forthcoming study in the American Economic Review."
  Rotting livestock carcasses, no longer picked to the bones by vultures, polluted waterways and fed an increase in feral dogs, which can carry rabies. It was “a really huge negative sanitation shock,” said Anant Sudarshan, one of the study’s authors and an economics professor at the University of Warwick in England...."
"The findings reveal the unintended consequences that can occur from the collapse of wildlife, especially animals known as keystone species for the outsize roles they play in their ecosystems. Increasingly, economists are seeking to measure such impacts."

    The buzzards are also disappearing in other places. 
“To Save a Scavenger: Why Vultures Need Our Protection," Mary Cunningham, Columbia Magazine, Spring/Summer 2024.
   "Vultures, known (and notorious) for their penchant for rotting flesh, have experienced major population decline over the last few decades, due in large part to poisoning, explains Kendall. Hunters often put pesticides on carcasses to kill the scavengers, making it harder for law enforcement to detect illegal poaching (“circling vultures can indicate the presence of a large carcass and therefore help rangers find dead elephants”). Additionally, farmers sometimes use poison to retaliate against predators that kill their livestock. “When the vultures feed on the bodies, they die within a few hours,” says Kendall, adding that vultures are also sometimes killed by superstitious locals who see them as bad omens."

3. Too Many Crows: The Rochester Roost
   A few years ago you were told about the very large number of crows in Burnaby and when we were in Vancouver recently we saw them at dusk everyday flying over and heading there,(see "A Murder of Crows".) "The Purple Martin Problem" in Nashville was noticed more recently and now there is a big murder of crows close by in upstate New York.
  "Where It Isn’t Christmas Until the City Shoots Lasers at 20,000 Crows: In Rochester, N.Y., every year in early December thousands of crows descend on the city, which tries to shoo them away with loud noises and bright lights," David Andreatta, NYT, Dec. 14, 2024.
  "In Rochester, N.Y., there are telltale signs that the holiday season is underway.Santa’s workshop opens at the outdoor ice rink downtown. There is the lighting of the pyramid of kegs at the local brewery. Productions of “A Christmas Carol” and “The Nutcracker” begin.Then there are the tens of thousands of crows that descend on the city every day at dusk in early December, and the fireworks and lasers that are deployed to drive them away.City officials and wildlife experts estimate upward of 20,000 crows roost downtown nightly.“It’s like you’re in ‘The Birds,’” said Rachel Kudiba, referring to Alfred Hitchcock’s classic film about birds on a murderous rampage."

4. Line 5
   Line 5 is that pipeline that runs under the Straits of Mackinac where we hope it does not rupture. This is about Line 6 which just did. Here is the story:
"Enbridge Pipeline Spills 260,000 litres of oil in Wisconsin
," A.P., Dec.14, 2024.
   "Line 6 is a 748.3-kilometre pipeline carrying crude oil from Superior, Wisconsin, to a terminal near Griffith, Indiana, according to a company map. 
Critics noted the spill was discovered during the same week that Wisconsin regulators approved the first permits for Enbridge’s plan to move the aging Line 5 pipeline around the Bad River Band of Lake Superior Chippewa reservation. Opponents said it would still threaten the region’s watershed and perpetuate the use of fossil fuels." 
For Line 5 in MM: see, e.g. "Line 5" and "Line 5 Again."

5. "I'll Bet Ya!"
   I am willing to bet the issue of gambling will soon be as big as the debts being accrued. Among the many posts about betting in MM, this one discussed the large wagers placed by someone named "DRAKE" and Phil Mickleson,(see, "ON Betting.") They are not the only one making big bets.
"
Bettor Places Largest NFL Wager of the Year: $3.1Million on the Eagles-Panthers Game," Ben Fawkes, Dec.7, The Athletic. 
On Thursday afternoon, Circa Sports reported taking a $3.1 million wager on the Eagles moneyline (ML) against the Carolina Panthers. The wager was placed at -700 odds, meaning the bettor will win roughly $442,850 if the Eagles win the game straight up...."
He won, by the way: #3.1 Million Bet on Eagles Wins After Panthers' Dropped Pass," David Purdum, ESPN, Dec.8, 2024.

Cathal Kelly is the best reason to get a subscription to the Globe and Mail and he picked
Gambling Promotors as major sports villains this year: "Sporting Heroes and Villains From 2024," Dec. 25, 2024:
"Gambling promoters: Gambling is legal. Once upon a time, so was drinking and driving.
Using that fig leaf, Canada’s broadcasts and pages are full of people you recognize encouraging fellow citizens with far less than them to blow their rent money betting the under.
Driven by the NHL and its flunkies in the sports media, it is an unalloyed display of amoral greed. Some day, it will be seen as a national embarrassment. Until then, we will continue doing the Canadian thing by pretending that because it doesn’t affect anybody we know, it’s not happening."

Thomas's "The Cotton Bowl" (2011)


6. A Black Sculpture By a Black Sculptor
   In a post about Hank Willis Thomas you learned about a work of his - which was inspired by an event in the 1960s on the Eastern Shore of Maryland -  now resides in a Vancouver back yard. He continues to sculpt and is doing well. For the post see: "A Black Sculpture.")
"Hank Willis Thomas Sees What America Can't Say: In His Art About Race and Freedom, He Asks Us to Look Closer, and Think Twice," Robin Givhan,The Washington Post, Aug. 16, 2024.
"Over the years, Thomas has blossomed into a public artist. His large-scale sculptures, often inspired by photographs, are now part of landscapes across the country. [and even in Canada.]

7. More Pictures From An Institution
   This title was borrowed from Randall Jarrell and I have used it before. It is found in a post about "Jasper Cropsey" and the controversy that ensued when one of his paintings was sold by the University of Western Ontario. A similar controversy is unfolding in Indiana where, you may be surprised to learn, Valparaiso University is located. 
  UWO needed money back in 1980, just as Valparaiso does now. That University came up with a plan to sell some paintings so new dormitories could be built. The justification for selling the paintings needed a legal basis and the University devised a way of characterizing the paintings so they could be sold without violating the terms of the donation. The former director of the Museum which held the paintings said, 
“I think it was a clever way of trying to pick at the validity of the paintings, and it was done because they thought they wouldn’t have to answer to anyone but the judge..." 
   This controversy needs more space than can be utilized here.
You can learn about the "Cropsey Controversy" at UWO by looking at my earlier post. As well, there was a more recent controversy when the Western History Department had to come up with a way to keep a donor's money, while dropping the donor's name (see "Western and the Hilborn Issue.") For the issue in Indiana, see this article:
"To Sell Prized Paintings, a University Proclaims They’re Not 'Conservative':Valparaiso University is arguing it should never have acquired two paintings, including a Georgia O’Keeffe, in the 1960s. It hopes to sell them to pay for dorm renovations," Annie Agular, NYT, July 19, 2024.
   "An Indiana judge is facing that very question as Valparaiso University contends that it should be able to sell high-value paintings it owns, including a Georgia O’Keeffe landscape of the New Mexico desert, in order to finance a renovation of freshman dormitories.When the private, nonprofit university announced its plan last year, it said the sale was necessary because enrollment had declined, which has also prompted the school to cut some programs and positions. After opposition to the sale of the art that had long hung in its on-campus museum, the college is now arguing before a court that selling two of the paintings is justified because they should never have been acquired in the first place."
  By the way, perhaps the committee that purchased the paintings now up for sale should be re-constituted to handle Valparaiso's investment portfolio:
 The university’s petition says the committee bought the O’Keeffe in 1962 for $5,700 and the Hassam in 1967 for $9,000. “Rust Red Hills” renders New Mexico mountains in draping, muscular forms, and “The Silver Veil and the Golden Gate” explodes a pre-bridge San Francisco Bay into an impressionistic light-dappled array.
   Those modernist American landscapes are now the most valuable works in the Brauer’s collection. Appraisals commissioned by the university estimated fair market values of $10.5 million to $15 million for the O’Keeffe and $1 million to $3.5 million for the Hassam. (The Church is valued at $1 million to $3 million.)

Post Script: 
   The Cropsey post also contains some information about another art controversy at Fisk University and other collections at Dubuque and Colby. Given that such controversies are likely to increase as university budgets decline, the link to the Task Force For the Protection of University Collections --Tookit provided in that post and again above, could be useful. 

The Bonus: 
  Art collections at universities can be valuable resources for the surrounding community as well. For some of the better ones see this article:
"The Best College Art Museums in America: The Post's Art Critics Pick Their Favorite Museums at Colleges and Universities Across the U.S.", The Washington Post, Oct. 24, 2024.
Here they are:
Blanton Museum of Art, University of Texas at Austin
Cantor Arts Center, Stanford University Harvard Art Museums RISD Museum Yale University Art Gallery Those who commented on the article mentioned, Smith College, the Stanley Museum of Art at Iowa and the Raclin Murphy Museum of Art at the University of Notre Dame. Several mentioned that Princeton was constructing a major new one.
    

Thursday, 25 January 2024

Beyond the Palewall (8)

 


Coming Soon Next to the Shawarma Shop Near You: A Private Clinic
   If you need a knee or hip replaced, you may be able to soon hobble down the street and get one, or two, or even four. Our government announced that more private options were being made available and that news was nicely conveyed by the Canadian correspondent for the New York Times: The Growing Private-Sector Involvement in Canadian Public Health Care Systems," Canada Letter, Ian Austen,
January 20, 2024.

This week, the provincial government in Ontario announced that it was expanding the number of private clinics providing medical services.
Right now, Ontario has about 900 such clinics, and they mostly offer medical imaging and cataract surgeries. Sylvia Jones, the province’s health minister, said this week that the government was expanding its program to include hip and knee replacements.

The province is being careful not to violate the Canada Health Act by requiring people to pay for medically necessary procedures. That would jeopardize the 20 billion Canadian dollars the province will receive this year from the federal government for health care. While the clinics will be privately operated, their procedures will be covered under the provincial health care plan as if they had been performed in public hospitals.

Ms. Jones said that the expansion would allow more such procedures to be performed and that doing so would cut wait times for patients. Her critics say it will further undermine the public system, that it may actually increase wait times and that it is a step toward full privatization of health care.

   You may not be able to read the NYT article, but you can read this 36 page report which has just been released: "The Scope and Nature of Private Healthcare in Canada," by Katherine Fierlbeck. It is published by the C.D. Howe Institute.
 A serious subject which I should not treat so lightly.

Boil Water Advisory in the Nation's Capital
   Not in Ottawa, but Washington. I mentioned in "Water Woes" that, soon we are all likely to  be very thirsty.  A recent headline indicated that it is true, even in D.C., where a great deal of water is needed for the scotches. In this article, one learns that even the citizens in the ritzy areas (Chevy Chase, Bethesda) were likely to experience problems. Apparently these city dwellers need advice that is much clearer than the water: “Do not drink the water without boiling it first,” the D.C. Water said in an alert issued Friday evening. (The water should be allowed to cool before drinking it.) ("Many Residents of Northern D.C. Are Asked to Boil Water," Martin Weil, Washington Post, Jan. 19, 2024.)
  Some related CANCON: A Canadian Press headline: "Long-Term Prairie Drought Raises Concerns Over Groundwater Levels," Bob Weber, Jan.20, 2024.
“The lowest water levels are all in the last seven years and the levels are much lower now than they were in the ’70s and ’80s,” Pomeroy said. “It'll be a climate signal that we’re seeing....” “It’s something we need to keep an eye on.”

Don't Bet On It
   At the end of last year, I suggested in "On Betting" that perhaps we should be as worried about the gambling situation as we are tired over watching all the ads promoting it. I did offer one source suggesting that money was being made and people are getting jobs in the gambling sector. If you think you can find better statistics related to Ontario, Don't bet on it.  
   Read, if you can, this good article: “Got Questions About Ontario’s Online Gambling Industry” Don’t Bet on Getting the Answers,” Simon Houpt, Globe and Mail, Jan. 19, 2024. He begins by noting that this gambling thing is supposed to be great and he attempts to find out how great from iGaming Ontario. He wasn't able to get much information from them, but it was easy to find out from the folks in New York and Massachusetts.
  
When Ontario announced a few years ago that it was giving the green light to online gambling, politicians made familiar promises about the scheme. It would be great for consumers. Great for the province’s tax revenue. Great for jobs, great for the local innovation economy. (They didn’t say anything about how great it might be for our blood pressure to be subjected to the ensuing flood of sportsbook ads.)

Since then, most of the talk about online gambling has focused on its downsides: the volume of ads; the disappointment in seeing heroes such as Wayne Gretzky or Auston Matthews encouraging fans to get into the betting game; the cautionary tales about addicts losing their homes, their jobs, their families, their lives.

Would the conversation be different if the government actually trusted the public enough to give them real information about the state of the industry?
For almost two years, iGaming Ontario (or iGO), which oversees online gambling in the province on behalf of the Alcohol Gaming Commission of Ontario (AGCO), has followed a policy of saying as little as possible. It releases quarterly snapshots that contain a handful of data to show things are going swimmingly.

Which they might be. Who knows.
For the first year of those quarterly reports, iGO revealed almost nothing. It published the total amount of money that had been wagered, but refused to outline how much came from the different types of betting: casino, sports, or online poker. It was hardly a vote of confidence in a promising industry.

It’s finally begun breaking out those figures. Still, it evidently believes most information is like thrash metal or direct democracy: potentially dangerous if released onto an unsuspecting public. And so it withholds data that might help Ontarians grapple with the emerging place of online betting in the province.

He then made a few phone calls and it seems our southern neighbours were rather chatty.

Other jurisdictions seem to recognize the benefits in giving the public access to timely, comprehensive information....
A quick scan of the information published by Massachusetts and New York may give you some idea of the warts that Ontario might be trying to hide.

Last month, mobile sportsbooks in New York State took in US$2.04-billion in total wagers. Of that amount, the market goliath FanDuel handled US$835-million, or about 41 per cent of all wagers. DraftKings handled US$773-million (about 38 per cent), and Caesars handled US$202-million (or almost 10 per cent)....

The Massachusetts numbers for December echo the winners-take-all landscape in New York. Of US$643-million wagered on online sportsbooks, DraftKings handled US$316-million, or 49 per cent. FanDuel handled US$187-million (29 per cent). ESPN Bet, newly rebranded from Penn Sports Interactive, handled US$50-million and saw its market share jump to almost 8 per cent from 6 per cent. The other five licenced operators handled the remaining 14 per cent of the action.

All of which is to say the industry looks a little like America itself: a few fat cats at the top, with everyone else scrambling to survive.

And what does the landscape look like in Ontario, where there were an astonishing 49 licensees operating 72 gambling websites – including, by my count, 30 sports-betting operations – as of Dec. 31, 2023? Are two or three foreign juggernauts dominating an industry the government had hoped would become a central player in the province’s innovation economy, as people suspect? Are Canadian-based companies, which have much smaller marketing budgets than the global behemoths, connecting with consumers? Are they barely keeping their heads above water? Are they targets for the industry consolidation that so many observers believe is inevitable? Will the jobs that the province trumpeted as a major reason to greenlight gambling never materialize, or evaporate? Will online gambling be yet another branch-plant economy of foreign giants?

The questions were not answered.

Saturday, 23 December 2023

Beyond the Palewall (6)

[Beyond the palewall is the title of this series because beyond the paywall is taken. Information for which you are not willing to pay, along with information you may not wish to know, is presented in abbreviated form without charge. What has caught my eye may sometimes feel like a poke in yours and, in that sense, be beyond the pale. Items will appear weekly, or perhaps monthly, or maybe semi-annually, if I can get started and the weather is bleak.]

Atmospheric Rivers
   Two years ago we experienced one in British Columbia and I had considered them a west coast phenomena. That is not the case:
"How a Category 5 Atmospheric River Supercharged Deadly East Coast Storm: Every State From Florida to Maine Saw at Least 4 Inches of Rain: Here is What Was Behind the Storm," Matthew Cappucci, Washington Post, Dec. 21, 2023.

   Atmospheric rivers — jets of intense precipitation that curl around powerful ocean storms — are generally considered a West Coast phenomenon. But it turns out a top tier atmospheric river — rated Category 5 on scale of 1 to 5 — was part of the East Coast storm that killed at least five people and cut power to more than 800,000 customers this week.
The storm unleashed at least 4 inches of rain and wind gusts over 50 mph in every Eastern Seaboard state from Florida to Maine. Along the coast, the storm’s wind shoved ashore an ocean surge of at least 2 to 4 feet, inundating low-lying roads.
   Boosted by the atmospheric river, the storm generated exceptional rainfall that caused creeks, streams and rivers to overflow. The river in the sky drew record-setting warmth from the tropics northward, melting snow in the mountains of the Northeast, which made the flooding even worse.
…..
Are atmospheric rivers normal on the East Coast?
An atmospheric river is a long, narrow ribbon of deep, tropical moisture that is pulled into the mid-latitudes by a storm. In the Northern Hemisphere, storms can tug these narrow moisture plumes and stretch them over thousands of miles to the north and east. An atmospheric river that hits California sometimes has extended from as far west Hawaii, and the phenomenon has thus earned the moniker the “Pineapple Express.”
Atmospheric rivers affect the East Coast just as much as the West Coast, if not more frequently. But they’re seldom talked about.

Serious Betting
   I recently posted about the increase in gambling. This piece shows what is required:
"The Over-the-Top Home Offices of Full-time Sports Bettors," Danny Funt, Washington Post, Dec. 21, 2023.


   It was a gamble in its own right for Kenneth Huber to try to mount a 165-inch TV in his basement office. It’s actually a three-by-three grid of 55-inch 4k computer monitors, and the first time Huber tried to install them on a $1,500 stand in his suburban Philadelphia home, all nine of the heavy screens cracked. Fortunately, the retailer sent him replacements, and this time he hedged his bet by supplementing the stand with large spacer brackets.....
   
A specialist in “live” betting during games — bets on the next play, drive or score of games that have already started — Huber depends on following the action with as little delay as possible. All nine screens on his monitor grid have hard-wired connections, and next to the grid is a curved 65-inch Samsung TV that receives broadcasts through an HD antenna on Huber’s roof. Over-the-air broadcasts often have lower latency than cable or satellite, he explained, and are far quicker than YouTube TV’s sluggish Sunday Ticket feed.


Tall Tales From High Above and Long Ago
   Don't try this at home. This fantastic flying feat is from the obituary of Bob Pardo who invented the "Pardo Push." 
"Bob Pardo, Pilot in Daring Rescue in Vietnam War, Dies at 89:
In An Extraordinary Act of Ariel Ballet, He Helped a Fellow Pilot Whose Plane Had Become Compromised Until They Could Be Safely Rescued," Trip Gabriel, New York Times, Dec. 21, 2023.

   Bob Pardo, a fighter pilot who during the Vietnam War kept a wingman’s damaged plane aloft in a daring feat of aviation that became known as the Pardo Push, died on Dec. 5 in a hospital near his home in College Station, Texas. He was 89.
   In March 1967, Captain Pardo was on a mission over North Vietnam in an F-4 Phantom when antiaircraft fire hit his plane, inflicting damage, while more badly ripping into the fuel tank of another fighter in the strike force. Both jets pulled away to head home. But the second plane had lost too much fuel to make it to safety. Captain Pardo realized that its two-man crew would be forced to eject over enemy territory and face capture or worse.
   Flying beneath the compromised plane, Captain Pardo told its pilot, Capt. Earl Aman, to lower his tailhook — a metal pole at the rear of a fighter used to arrest its landing. At 300 miles per hour, Captain Pardo nudged his plane’s glass windshield against the tip of the pole. For almost 90 miles, he pushed the other plane as both jets hemorrhaged fuel, until they crossed the border with Laos. Both crews ejected by parachute and all four men were rescued.
….Captain Pardo knew Captain Aman’s plane would not be able to make it out of North Vietnam to rendezvous with a flying refueling tanker. At first, he tried to push Captain Aman’s plane by sticking the nose of his own jet into a rear port, but there was too much turbulence. Next he tried to maneuver directly under the other jet and give it a piggyback ride, which also failed.
   Then he conceived of pushing Captain Aman’s tail hook. A tail hook pole was used by the Navy’s version of the F-4 Phantom to land on aircraft carriers. The Air Force used it for emergency runway landings, when the hook snags a cable stretched across tarmac.
   Captain Pardo told his wingman to shut down his engines and carefully made contact with the tail hook using his own plane’s windshield.
   “If he so much as bumped the windshield, he would have had that tail hook in his face,” Mr. Houghton, who was in the rear seat of the injured plane, recalled in a 1996 interview. “We’re talking about glass here. It was phenomenal flying, nothing less.”
   Mr. Pardo recalled, “I can’t remember how many times the tailhook slipped off the windshield, and I had to fight to get it back in place.”
   After one of Captain Pardo’s own engines caught fire and he shut it down, the two planes began rapidly losing altitude, sinking 2,000 feet per minute. They crossed the border with Laos at an altitude of only 6,000 feet, leaving them just two more minutes of flying time. Both crews bailed out soon after, floating down to the jungle by parachute. They were rescued by U.S. helicopters.
For this he was almost punished! (for putting his plane at risk.)
The Bonus:
   
For additional aviation derring-do, see this post about "Senator John McCain" and others who flew off carriers during the Viet Nam war. 
  For a Canadian example of fine flying see: "James Francis Edwards - Canadian Fighter Pilot."

Sunday, 17 December 2023

ON Betting


 

Wanna Bet?
   
Even if you don't gamble, you have certainly seen signs that others are, and probably agree that it is highly likely that there is a great deal of wagering going on even as I write. I can't understand the discussions between the convenience store clerk and the buyers of lottery tickets, nor can I grasp the math and symbols appearing in the betting lines. I am willing to bet, however, that the growth in legalized gambling is not going to end up being a good thing. Given that I don't have the ability to analyze the numbers, I can at least call your attention to some of the more spectacular ones.

  Let's begin with Aubrey Graham, who is better known as "Drake". Apparently he is a well-known Canadian rapper. He also gambles a bit and is probably preparing for the Super Bowl which, last year, he placed a number of bets on, such as:
$700,000 on the Chiefs to win and $50,000 on Mahones scoring the first touchdown and another $30,000 on Travis Kelce being the Super Bowl MVP. There were more bets - during just this one game.
   He also bets on other events. For example:

$275,000 on Jorge Masvidal to Beat Colby Covington at UFC 272 (Lost)
$159,000 on Golden State to Win NBA Western Conference in 2022 (Lost)
$80,000 on Duke to Beat UNC in 2022 Final Four (Lost)
$309,000 on Dallas Mavericks, New York Rangers & Calgary Flames 2022 parlay (Won)
$427,000 on Justin Gaethje to Beat Charles Oliveria at UFC 274 (Lost)
$136,000 on Israel Adesanya to Beat Jared Cannonier at UFC 276 (Won)

   The golfer, Phil Mickelson, appears to have gambled more than $ 1 BILLION. Among the over 7,000 bets placed are these:

"Betting $110,000 to win $100,000 on 1,115 occasions, and betting $220,000 to win $200,000 on 858 occasions. That alone comes out to just over $311 million.
Mickelson in 2011 made 3,154 bets for the year and on one day (June 22) he placed 43 bets on Major League Baseball games that resulted in $143,500 in losses.
He placed 7,065 bets on football, basketball and baseball.
He did have some limits; $400,000 on college and NFL games."
   
"Based on our relationship and what I've since learned from others, Phil's gambling losses approached not $40 million as has been previously reported, but much closer to $100 million. In all, he wagered a total of more than $1 billion during the past three decades," Walters wrote. [ Walters contends that Mickelson lost nearly $100 million - Billy Waters, Gambler: Secrets From a Life at Risk.]

   I admit that one cannot extrapolate or explain anything from these two examples, but at least the small sample is diverse; one guy is white, the other Black. Without any additional evidence at all, I am willing to place another bet -- that there are large numbers of gamblers out there with a lot less money to lose, who are losing a lot of it. The small print disclaimers at the bottom of big gambling ads hint at the problems, but will likely not help much. I would suggest that those in MADD, form a MAGA branch (Mothers Against Gambling Addiction), but I gather that acronym is taken. 

Sources:
   "Biggest Super Bowl LVII Bets: Drake Wagers Nearly $1 Million," Brian Pempus, Forbes, Feb. 13, 2023.
   "Phil Mickelson Wagered More Than $1B US, Wanted to Bet on Ryder Cup," Doug Ferguson, AP, Aug. 10, 2023.

Post Script:
   
My analysis is less than rigorous, so I will admit I did find some good news:
"1st Year of Ontario Sports Betting Generated Over $1.48B, IGo Report Shows: Report Says the Regulated Market Currently Shows More Than 12,000 Jobs," Dan Ralph, The Canadian Press, June 15, 2023.
  I don't know if the report indicates whether any of the 12,000 employees gambled away their pay cheques. 

The Bonus:
 
One wonders if the advertisements for gambling will disappear, as did those for cigarettes. One British newspaper announced on June 19 that it was banning gambling ads:
"All bets are off. The Guardian has banned ads for gambling firms across its platforms, recognising that the rise in betting apps and websites has left millions in financial ruin. By refusing to take their marketing money, we are in a stronger position to scrutinise the industry’s practices."