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re: Man loses his hard earned money at the casino and loses it
Posted on 6/29/23 at 7:04 pm to Vandyrone
Posted on 6/29/23 at 7:04 pm to Vandyrone
quote:
It’s far less than that. 1 in 100? It’s more like 1 in 1,000,000 or 10,000,000. Think how many gamblers have betting apps and you believe that 1 in 100 of those earn a living with their sports betting? I say 1 in 100 of those are not in the red long-term.
You are trying to lump every single person that wagers on sports into that 1% category. I’m referring to individuals wagering enough money to actually earn a living wagering on sports. To be profitable, a sports bettor must win at least 52.4% of bets. For many, 55% is a good year, 60% a great year and 65% a career year. Hitting 55% is not easy. That’s why estimates are so low on who can actually win long term and profit. Me personally if that was my only way to earn a living I couldn’t handle the stress. The 1%er is a unicorn.
1
Posted on 6/29/23 at 7:54 pm to Earthquake 88
quote:
Only 1% of the sports gamblers in this country
You said this, not me. I’m going off of what you said.
I know all the stats you stated. The math bears out that only 1% are merely profitable long-term. Far, far less than that can actually make a living betting on sports.
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