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When Jacob Kaplan thinks about his path to financial security, he sees a need to take big risks.
For years, Kaplan has been betting on major sporting events through online platforms, often dedicating 30 hours a week to the hobby. The 25-year-old regularly trades tips with fellow enthusiasts through Discord and bought a membership to sports data platform Bookie Beats to help level up his bets.
“There’s the risk that goes into each individual bet that you take,” Kaplan told CNBC. “But if you surround yourself with the right people and you know what you’re doing, then it kind of answers that problem that my generation is looking to solve of…