Gambling (also known as betting) is the wagering something of value (“the stakes”) on an event with an uncertain outcome with the intent of winning something else of value. “Gaming” has also been used to circumvent laws against “gambling”.
This is not surprising, given their background and interest in sports. To protect the integrity of college athletics contests, NCAA regulations prohibit student-athletes from betting money on any sporting event (college, professional or otherwise) in which the NCAA conducts collegiate championships.
Professional athletes make big bucks. But they don't necessarily all spend their money wisely. While some make very good investments with their hard-earned money, others just blow it away with large bets. We're talking some serious money here, from tens of thousands to six-figures to even millions of dollars.Sep 15, 2010