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?
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?
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%.
Knowing the number or percentage of players or sports betting and prediction market participants who are profitable or in profit isn't really important if you ask me, because as a matter of fact, this number will never be the same, different stats platform will report different numbers in percentage because while some casinos are reporting false numbers, some casinos are not reporting at all, and this include the prediction market as well.
So what I think is more important is for us to know and be sure that those who are betting, as well as those participanting in the prediction market know the risk involved with betting, and that they are responsible gamblers, I believe knowing this will do us a better good than trying to find out the number of bettors (in percentage) who are long term winners which we may never get an accurate figure to.