What this sports betting mistake could cost you

Mon, Dec 16, 2024, 3:10 PM

With NFL playoffs kicking off in the new year, Yahoo Finance Consumer Affairs Reporter Jordan Weissmann joins Asking for a Trend with Josh Lipton to talk about one important tip for sports betters: Don't gamble on a credit card. Credit card companies often treat sports gambling transactions as cash advances, meaning your bet comes with additional fees, oftentimes $10 per transaction or up to 5% of the total charge, cutting into your winnings.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Naomi Buchanan.