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%.
You can come to a rather simple conclusion, but I'm not sure many casinos or bookmakers will want to share the exact amount of people who are winning on their platform because it might actually dishearten gamblers if they knew. First off, on average you can imagine that almost no players will ever be long term winners at a casino, the best they can hope for is to strike it lucky early on before their losses get insurmountable against the fixed advantage that casinos build into every game. People have a little bit more chance with bookmakers, but are likely to find their accounts get heavily restricted after a while if they are able to put together a winning streak of bets. Bookmakers are quite happy to pay out winners and will tolerate high rollers a bit more, but the average small fish are just gnawing away their profits so will be pushed to other sites.