Critics at Large | The New Yorker

Why We're All In on Gambling

42 snips
Sep 11, 2025
The podcast dives into the rapid rise of platforms like Polymarket and DraftKings, reshaping our relationship with gambling. It explores gambling's allure, detailing both the thrill and the potential consequences, such as addiction and financial loss. Cultural narratives—from literature to film—frame our understanding of chance and risk. The discussion also highlights the emotional rollercoaster that comes with betting, as well as the shift in how sports are perceived amid a growing gambling culture. It's a fascinating look at the double-edged sword of modern gambling.
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INSIGHT

Why Parlays Are So Risky

  • Vinson explains parlays combine multiple bets, raising payouts exponentially while making winning far less likely.
  • He calls parlays an 'absolutely suicidal act' because every leg must hit.
ANECDOTE

Athletes Face Betting-Driven Abuse

  • Alexandra recounts a pro tennis player who receives angry DMs when bettors' wagers fail.
  • She highlights how betting has turned athlete performance into an income stream for third parties and intensified fan hostility.
INSIGHT

Betting On Yourself Vs. Others

  • Vinson contrasts betting on oneself (poker skill) with betting on others (parlays).
  • He says he respects bets on self-mastery more than speculative wagers on other people's performances.
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