Think College Football Gambling Will Not Lead to Money Problems? Wanna Bet?

Posted on Oct 26, 2016 By Robert Reese

attorney Robert ReeseOver the previous 5 years my afternoons and evenings in the fall were spent coaching high school football. I am passionate about the game and felt the excitement build as the season approached. This past Saturday I attended the Alabama vs. Texas A&M game and the level of excitement was off the charts. Football fans at every level enjoy watching their team and some even add to the excitement by betting on games.  According to NBC news in 2013, somewhere between 60 and 70 billion dollars is wagered on college football each year. The figure has more than likely increased with the new playoff system now in place and there are estimates that 8 billion dollars alone is bet on the Super Bowl each year.

In gambling there are always winners, but many more losers which can lead to money problems. The bookie must be paid or he will send someone to help you find your wallet. All kidding aside, I have met with several clients over the years whose gambling losses lead them to miss house payments, car payments, card card payments, etc. Using money that is allocated for the necessities of life is never a good bet.

If you are experiencing money problems and do not know what options may be available, seek out a professional who can give you reliable advice. At Bond and Botes, we are here to help you and offer a free initial consultation to review your situation and go over all your options including chapter 7 bankruptcy and chapter 13 debt consolidation.