Michael Jordan's Kids Like to Gamble, but What About Other NCAA Athletes

Pete PazulliContributor IAugust 27, 2010

Michael Jordan's Kids Like to Gamble, but What About Other NCAA Athletes

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    By now everyone has heard that Michael Jordan’s sons, Marcus and Jeffrey, burned through over $50,000 in Las Vegas last weekend. 

    If the two University of Central Florida guards do have gambling problems, at least they have access to the piles of money their father has made over the years. 

    What about other college athletes?  How often do they gamble and how much are they wagering?

    In 2004, the NCAA released the results of their 2003 National Study on Collegiate Sports Wagering and Associated Behaviors.

    This study was the organization's first comprehensive examination of the gambling tendencies of the student-athletes it oversees.  

    Over 21,000 male and female athletes completed the anonymous survey providing details into their gambling behaviors.  

    Athletes from approximately 60 percent of the over 1,000 NCAA institutions responded to the questionnaire. 

    A similar study was performed in 2008, partly to determine if the NCAA's steps to educate players on gambling were helping to reduce the prevalence among student athletes.

    The 2008 study included additional questions focused on finding out where student athletes get money for gambling and also the amounts being wagered.

    Results from these two studies will now be presented in the following slides and will provide some answers to the following questions:


    How many NCAA athletes gamble and how often?

    What do NCAA athletes wager on?

    How much money do NCAA athletes wager?

    Where do these amateur athletes get their gambling money?

    How many NCAA athletes wager on professional sports?

    How many NCAA athletes wager on NCAA sports?

    How many NCAA athletes are contacted by outside sources for inside information on games they will participate in?

    How many NCAA athletes have been asked to influence the outcome of games by outside influences?

    Which NCAA sports have the most gamblers?

How Many NCAA Athletes Gamble and How Often?

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    In 2008, 60.8% of male and 37.6% of female athletes reported they had gambled at least once in the past year.  Both were decreases from the 2003 study.

    While the number of athletes who gambled at least once per month also decreased, the number who gambled at least once a week increased slightly.

    There was also an increase in the total number of athletes who identified themselves as non-gamblers from 2008 to 2003.  

     

     

     

    Gambling Habits of NCAA Athletes in 2008

    Males   Females
    Do not gamble 33.8% 61.5%

    Gambled at least
    once in the past year 

    60.8% 37.6%
    Gambled at least
    once per month 
    2.5% 0.3%
    Gambled at least
    once per week 
    2.9% 0.6%

What do NCAA Athletes Wager On?

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    The short answer:  Everything.

    In 2008, NCAA athletes had wagered at least once in the past year on everything from dog racing to commercial bingo.  That's right.  

    Almost 7 percent of both male and female athletes had gambled on commercial bingo in the past year.

     

     

     

     

      Male (%) Female (%)
    Cards 45.9 10.7
    Horse or Dog Racing 8.5 3.2
    Games of Personal Skill   33.1 7.2
    Dice, Craps 11.7 2.2
    Slots 15.1 9.9
    Lottery Tickets 31.4 24.0
    Commercial Bingo 6.9 6.8
    Sports 29.5 6.6

    *These numbers are percentage of athletes who gambled on these events at least once in the past year

How Much Money Do NCAA Athletes Wager?

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    Most student athletes who responded to the survey admitted to only modest gains or losses.

    Only 7.2% of males and 1.1% of females admitted to losing more than $300 in a single day of gambling.  

    These losses might be understated, because 18.7% of males and 4.6% of females reported winning over $300 in one day.

    Either these guys know how to walk away from the table when luck is not going their way, or they might be some underestimating going on. (Table below)

     

     

     

     

     

     

     

    Largest Single Day Win/Loss
      Male (%) Female (%)
      Win  Loss  Win  Loss 
    Less than $10  5.8 6.5 19.1 22.4
    $10-$99 43.9 50.7 38.9 29.7
    $100-$299 21.0 13.3 9.1 2.7
    $300-$499 8.3 3.4 2.5 0.4
    $500-$999 6.0 2.0 1.2 0.3
    $1000-$4999 3.3 1.2 0.7 0.3
    $5000+ 1.1 0.6 0.2 0.1

Where Do NCAA Athletes Get Gambling Money?

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    The vast majority of athletes reported gambling money from reasonable personal sources, such as savings and money from family members.

    There were some reported sources that point to signs of problematic behavior.

    Almost 10% of those who responded said they had sold personal property for gambling money.  Over 6% admitted to having a line of credit with a bookie or obtaining gambling money from illegal sources.

    These sources, along with using money from student loans, bank loans, and athletic scholarships suggest either a lack of awareness of potential consequences or a lack of control for some NCAA athletes.

     

    Sources of Money for Males Gambling at Least Once a Month
    Personal Savings 38.3%
    Money from family or friends 25.0%
    Sale of Personal Property 9.7%
    Non-Athletic School Loans 6.4%
    Credit Line with Bookie 6.2%
    Illegal Activities 6.2%
    Athletic Scholarship Money 4.6%
    Bank Loans 3.6%
    Boosters/alumni, Loan Sharks 2.0%

How Many NCAA Athletes Wager on Professional Sports?

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    In 2008, over 75% of male and 67% of female athletes had wagered on a professional sports event at least once in the past 12 months.

    The NFL was far and away the most popular sport for gambling.  

    It is not specified in the study, but this is probably due to the popularity of betting on the Super Bowl.

     

     

     

    Percentage Who Wagered on Various Professional Sports
      Males (%) Females (%)
    Auto Racing 7.5 5.2
    MLB 29.0 20.3
    NBA 31.0 20.0
    NFL 69.2 59.4
    Any Professional Sport  76.4 67.6

How many NCAA Athletes Wager on NCAA Sports?

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    In 2008, almost 75% of males and over half of female athletes had wagered on an NCAA sporting event.  

    Not surprisingly, the NCAA tournament was the most popular event to gamble on.

    Every year millions of brackets are filled out for office or dorm pools, and athletes obviously do not want to be left out of the March Madness.

     

     

     

     

     

     

    Percentage Who Wagered on Various NCAA Sporting Events
      Males (%)  Females (%) 
    Basketball (season) 37.5 19.4
    Basketball (tournament)  62.6 41.6
    Football 48.4 27.8
    Other 19.1 11.1
    Any College Sport 74.1 54.9

How Many NCAA Athletes are Contacted for Inside Information About Games?

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    In 2008, 3.8% of Division I Men's Basketball and 3.5% of Football players had been approached by outside sources to share inside information.

    These numbers have grown from 1.2% and 2.0% in 2003.  

    The percentage of Division I Men's Basketball players who claimed to have actually provided inside information decreased from 1.2% in 2003 to 0.9% in 2008.  

    The percentage of football players also decreased from 2.5% to 1.1%.

How Many NCAA Athletes Have Been Asked to Influence the Outcome of Games

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    The percentage of Division I Men's Basketball and Football players asked to influence the outcome of a game decreased from 2.4% and 2.3% in 2003 to 1.6% and 1.2% in 2008.

    The NCAA either did not ask or did not report the percentage of players who actually took steps to influence games.

Which NCAA Sports Have the Most Gamblers?

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    Men's Golf wins this prestigious award going away.  In 2008, 19.6% of these athletes admitted to betting on sports at least one a month.  

    This should not come as a surprise to anyone who has ever been on a golf course with enough guys and beer.  

    This was over a 5% increase from 2003.  All sports did not see significant changes, except for 5% and 6% decreases for hockey and wrestling respectively.

     

     

    Percentage of Male Athletes from Each Sport Who Gamble on Sports at Least Once a Month
    Sport Male (%)
    Baseball 12.7
    Basketball 9.9
    Football 9.0
    Golf 19.6
    Ice Hockey 7.6
    Lacrosse 10.1
    Soccer 10.6
    Swimming 4.3
    Tennis 8.4
    Track/Cross Country  5.4
    Wrestling 6.2

Conclusions

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    So what are the takeaways from these two studies from the NCAA?

    NCAA athletes gamble, just like everyone else

    Through a dedicated NCAA education program, there has been a reduction in the number of athletes that gamble

    Most NCAA athletes are responsible gamblers, only wagering their personal money in modest amounts

    Just like the general population, there are athletes that have gambling problems

    Some athletes wager money from boosters, bookies, or illegal activities

    A small percentage of athletes were approached by outside sources to provide inside information or to influence the outcome of games

    Golfers love to gamble

    Michael Jordan has some spoiled kids, who are the exception and not the rule when it comes to NCAA athletes and gambling