Atlanta—When I was a student at the University of Georgia, everybody with even a passing interest in college football knew there was a place over on Prince Avenue where you could get down a bet.

Gambling on college football has always been with us but now it is going to be legal in all of the states that eventually choose to make it so. Gambling on college sports will be coming out of the shadows and, for better or worse, become more socially acceptable. Those who run college athletics have to decide what, if anything, should change because of this new dynamic.

First, the basics.

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