The payoff for a win is higher than payoffs for place or show, because the latter two pools have to be split more ways.
Breakage refers to the odd cents not paid out to winning bettors because payoffs are rounded. Bet on a college sports event such as basketball or football Participated in an office pool on the World Series, Superbowl, or other game TABLE 8. When egfects they are part of the action and not just watching people play a game for money. Gamblers can also efdects on horse races at twenty simulcast facilities in the state. The Grayson-Jockey Club Research Foundation, the leading private source of funding for research into horse health issues, was founded inIllegal activity is another damaging governmental effect of gambling. The harmful social effects of gambling are it forces the poor to stay poor, compulsive gamblers bring massive problems, and gambling can ruin lives and families. Because the vast majority of sports gambling that occurs in this country is illegal, it is difficult to determine its economic effects. However, the only people certainly benefiting from illegal sports gambling are the bookmakers. Sports Illustrated declared that, next to illegal drugs, illegal sports gambling was the largest source of income for the crime syndicates (Sports Illustrated, March 10, ). In order to protect their interests, the syndicates pay off the politicians to keep gambling wide open.