Listen "Making Money Minute - September 11, 2025"
Episode Synopsis
Making Money Minute with Ron Hiebert - Sports Betting
Sports betting, whether through neighbourhood hockey pools, or legalized online gambling sites like Draft Kings, is growing exponentially. It is also diverting two of peoples most important assets - their time and money - into non productive activity. Households that bet on sports regularly, routinely see their savings rates drop by 14%. Researching favourite teams or players, can easily suck up precious hours a day. Just think how much further ahead people would be, if they devoted the same time, resources, and energy to investing
Sports betting, whether through neighbourhood hockey pools, or legalized online gambling sites like Draft Kings, is growing exponentially. It is also diverting two of peoples most important assets - their time and money - into non productive activity. Households that bet on sports regularly, routinely see their savings rates drop by 14%. Researching favourite teams or players, can easily suck up precious hours a day. Just think how much further ahead people would be, if they devoted the same time, resources, and energy to investing
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