And I'm sure there are a lot of people with good intentions, not out to swindle the atlete at all.
How many people here have an idea where they think they could realistically make it rich? If not you, than someone you know. Now imagine that there is suddenly someone with a huge amount of money. You aren't out to swindle them, you honestly believe your idea will work. You've seem worse ideas succeed, this one should be a no brainer. Your won excitement, your own belief sells the idea, and before you know it you discover that it isn't as easy as it looks.
I believe this is where a lot of the money goes. Not a lot of malice, but just misplaced belief in a "can't fail" idea.
And instead of the athlete putting away their earnings for the future, they take a gamble. These guys know they can't play forever, but they sure would like be able to be able to afford the same lifestyle forever. And even if you tell them there is only a 1 in 30 shot this will succeed, well they have been beating much bigger odds than this to make it pro, so 1 in 30 is for nothing.
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"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
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