Quick cash that makes you think, If I’d put in $250, I would’ve had $20,000. He ended up turning that $25 into $2,000 in one day. Summer came around, and Samith was bored, so he took $25 and selected a bunch of MLB teams for a parlay based on minus odds, meaning they were projected to win. That was the firstt ime he felt that gambling high. He was up double-and he hadn’t even spent any of his own money yet. A few months passed, and nothing really hit.
The then-22-year-old sales specialist had never placed a bet, but the promotional offers tempted him-up to $1,000 for “risk-free” bets-so he downloaded the app and started placing a few wagers on the NBA. began receiving referrals from friends to join the betting app when New York legalized online sports betting in January 2022. IT STARTED WITH a $300 bonus credit for FanDuel. To read the rest of the stories, click here. This piece is part of a series of stories about today's sports-betting boom and how to combat a gambling addiction.