I believe that betting on the team you cover would be a terrible idea for all the obvious reasons. Back in the old days I remember hearing the story a scribe from back East going off on a player in the clubhouse after his blunder of some descrption cost his team the game and the scribe a wager.
We really haven't had to deal with it in the STL because we haven't have legal gambling. Now it's becoming a front-burner issue. Having all of this wagering above board going forward in sports . . . this will take some getting used to.
I had a relative ask me if I could make a profit wagering on teams I know a lot about. That's an interesting question. In theory that should be true, but:
1) Sometimes the more you know about a team, the dumber you can be as a bettor. Time after time you believe is doomed on a given night -- especially in hockey -- only to see the team rise up.
2) To succeed in sports gambling or daily fantasy sports (which is essentially gamblng) you need make coldly analytical calls and remained disciplined with that process day after day after day, through the good and the bad. Youhave to trust that over time smart bets will pay off. Of course, most people can't do that and that's why sports gambling is a lucrative industry,
3) There could be some opportunity for "insider trades" -- the occasaional wager based on critical information that you gained access to, before it became public knowledge -- and that's where the sportswriter has the most potential to get into peril.
This is all food for thought.