Less than 3% of regular sports bettors are consistently profitable, with an estimated 1% to 2% of players winning the vast majority of all available money. The remaining 97-99% of players—who treat betting as a casual hobby rather than a professional endeavor—end up losing money over time.
If gambling was more profitable for more people it wouldn't be called gambling. Might have some clever name like the NYSE.
alt Hacker News
Less than 3% of regular sports bettors are consistently profitable, with an estimated 1% to 2% of players winning the vast majority of all available money. The remaining 97-99% of players—who treat betting as a casual hobby rather than a professional endeavor—end up losing money over time.
If gambling was more profitable for more people it wouldn't be called gambling. Might have some clever name like the NYSE.