Gambling as an Analyst

Does anyone have an insight to sports gambling as an analyst in a state that does not have legal sports betting? I currently use a site like Bovada/Mybookie. Is there a compliance issue that could lead to termination?

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Comments (11)

Aug 24, 2020 - 5:34pm

If your state applies the "dominant factor test" you may not even be "gaming" but applying a skill.

But even if not, in most places simple betting should only be a misdemeanor. IF you get caught.

  • Analyst 1 in IB - Gen
Aug 25, 2020 - 9:08am

lol my BB specifically states employees arent allowed to gamble but how tf they gonna find out and do? if i wanna lose money betting on the knicks let me lose money betting on the knicks

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Mar 29, 2021 - 5:07pm

My workplace doesn't allow us to gamble, unfortunately, I mean, the employers will definitely find out as soon as we open a tab with an online casino.
However, betting is something different from gambling as our employers think, which we usually use for our purposes.
Sports betting, as for me, is even more profitable than even some traditional casino games. Perhaps, our employers are less concerned about sports betting since it requires higher intellectual skills. I mean, you need to be very good at counting sports betting odds(especially when it comes to football), you need to analyze all the ranges and tables with the highest level of accuracy. Actually, you can earn a lot of money betting.

Mar 29, 2021 - 5:24pm

Personally,I wouldn't recommend it on a mental health level. I don't gamble but I've had short-term call option positions which are basically gambling. I've got too much stress at work....adding more stress on top of that with money on the line is just too much.  If you do gamble, I would highly recommend choosing to do so in quieter deal flow periods.

Apr 8, 2021 - 8:15am

Hi I also don't see anything wrong for example in poker. Any professional poker player has studied for a very long time to reach their level. I also decided to start playing poker here / in quarantine. And to be honest, it's interesting. Very similar to chess, you need to analyze a few steps ahead and most importantly count the cards. You need to be calm and patient- to play with a cool head.

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