What happens when a gambler bets on his or her favorite team prior to the start of the season and that team has a miracle year…only to lose in the second or third round of the playoffs?
How about the professional gambler that wins the first four games of a 5 team parlay…The horse bettor that has won the first 5 legs of a Pick 6 and is alive going into the last race?
And let’s bring in the Sports Fantasy player that has a $100 entry into a daily tournament with one game remaining and some really good players still active.
What do each of these scenarios have in common?
First, every one of these situations happens thousands of times a day in both the gambling and the sports fantasy worlds. Second, each scenario can be and usually has an “all or nothing” outcome. Bets made, can’t be changed. Fantasy teams are set prior to the tournament.
The gambler or daily sports fantasy player currently has no option but to wait, hope and pray that the last element comes home.
As many of us know, the “all or nothing” scenario almost always leaves one with nothing but a “bad beat” story that ends with “I could have won…but what could I do?”
We have bells and whistles!