We are in the 21st century and this can't keep happening, people should learn to not risk any amount of money they know they can't afford to lose on gambling or sports betting, this is a mistake we all ought to have learnt from based on how those who made this mistake ended up.
The century we are in is not exactly indication of anything. 21st or back to the early days. Someone greedy will always be greedy. Progression and development of society as well as technology does not take away anything from human greed. We remain greedy all the time. That is what we should be working on in our lifetime. Greed only leads to places you would not hope to be in so better to nip it in the bud before it even gets too late.