I agree. There is something corrupting about betting with regards to how it changes the experience for the spectator. When everything is turned into a bet or a cointoss, it losses a lot of its intrinsic value IMO. I watch for the love of the game, team, players, etc.
That said, I've been putting down a few hundred on the flames to win the cup every year since I turned 20. I figure, if they make the finals, I would hedge the bet out and use the money to attend the games in the finals.
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