One of the enduring mysteries of this arena is the willingness of people to throw their Bitcoin away in a way I'm certain they'd think twice about with dollars.
Now that I'm reading this thread, I just noticed this is a phenomenon happening to me as well.. especially with gambling. It's probably the fact that a Bitcoin "cent", as in 0.01 BTC, misleads your mind into thinking it's not worth so much just because you're used to the USD denomination - and maybe also the fact that we all just want to gather as much BTC as possible.
It's normal but esports gamblers are often young gamers who play with small amounts of money.
It's a very rapidly increasing industry, the esports figures are higher every year. I doubt kids are playing with low amounts though - parents seem to give them more money than I thought they would, and I don't think it's much different to how much the average . How many adults do you think afford spending $10k on a dice game? Kids have way more free time, and winning those in-game items seems to be a very fascinating goal for them.
According to
ChooseHelp,
"the average american loses just under $400 per year, or about $30 per month, through all forms of gambling" while
"the average Canadian loses just under $600 per year, or about $50 per month, through all forms of gambling". I am quite sure kids who are betting on esports have more free money per month than that.
