I have repeatedly come across the fact that the number and popularity of casinos and bookmakers is growing in the world. But what are the reasons for this?
1. What percentage of betting players are long-term winners?
We have discussed this topic many times, but I still wanted to know the exact numbers, discuss the sources of these numbers and compare these numbers with each other. In addition, it would not hurt to know the details of these studies and the features of these methods.
I want to know what percentage of players in sports betting and on prediction platforms are long-term profitable.
First, I would like to know - are there any authoritative studies on this topic?
I'm not very sure if there are "authoritative studies" with the official approval of the gambling industry, but there probably are scientific papers written about the subject.
Do bookmakers or prediction platforms themselves publish statistics on the percentage of profitable players in relation to all other players? Does this information differ between different sources? Is there a difference in long-term profitable players in bookmakers and on prediction platforms?
¯\_(ツ)_/¯, But if anyone knows, please post the link.
I have come across different numbers. Some argue that only 1% of players are profitable in the long term. Others say that less than 1%. Still others claim that the number of such players is 0.01%.
If it's playing casino games, except Black Jack, then EVERYONE playing those games will be long-term losing money. Why? Because of the house edge.
But for Black Jack, Poker, and Sports-Betting, there's probably a very small amount of people. In trading, if the general number is 10% depending on the time frame, then it's probably around that number for those games. Perhaps more, perhaps less.