How Often Do Gamblers Really Win?

[camelson]

How Often Do Gamblers Really Win?
New Data Provide Some Answers on the Real Odds for Gambling This really a nice article you people should read it.

The casino billboards lining America's roadways tantalize with the lure of riches. "Easy Street. It's Only a Play Away," screams one in Arizona. "$7.1 Million Every Day. We're a Payout Machine," reads another.

But how often do gamblers really win? What are the chances that a gambler will win on a single day or over a longer period? Don't bother to ask the casinos. Although they gather vast quantities of data about their customers for marketing purposes, including win and loss tallies for many regulars, casinos keep such information a closely-guarded secret.

Now, thanks to an unprecedented trove of public data detailing the behavior of thousands of Internet gamblers over a two-year period, The Wall Street Journal can provide some answers.

On any given day, the chances of emerging a winner aren't too bad—the gamblers won money on 30% of the days they wagered. But continuing to gamble is a bad bet. Just 11% of players ended up in the black over the full period, and most of those pocketed less than $150. The skew was even more pronounced when it came to heavy gamblers. Of the top 10% of bettors—those placing the largest number of total wagers over the two years—about 95% ended up losing money, some dropping tens of thousands of dollars. Big losers of more than $5,000 among these heavy gamblers outnumbered big winners by a staggering 128 to 1. More: http://www.wsj.com/articles/SB10001424052702304626104579123383535635644

[The Sceptical Chymist]

So the upshot is that the longer you gamble, the more probabe it is that you're going to end up a loser.  That's the business model of casinos, and they've known this forever.   It's the gamblers who seem unable to grasp this.

[Robertqueen2]

I am not surprised , I know that all casinos earn thousands and millions of Dollars every period of time due to the popularity of the casino , if this fact not true , you won't watch new casinos appear every month , it is very profitable way , or we can say , the casino is a money machine for its owner .

[ethereumhunter]

the gambler will lose the money and the casino will take the money and thats for sure. if we don't think for the next step in gamble while we only got lose in every time we gamble, then we can lose all of our money and its really bad idea if we continue to gamble.

i think when we gamble, we should make some budget and we should quit after the budge is gone and don't try to put another budge if we only get lose everytime.

[lite]

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

[PeRo]

Winnings in gambling and casinos are just stories from people wishing they won. Gamblers actually do not win as often as they claim to win, and usually some gamblers claim that they won several times and big amounts, yet they have never won a single game or a high-roller game. Gamblers just try to make themselves feel better by lying to others and most importantly, to themselves, do not believe in such stories.

[Universat]

i think there is not a fixed ratio about  winning or loosing in gambling, it mostly depend on luck, if you are luck then you can even continuously win 20 game in a row, but if you are not luck you can even lose more than 10 in single day.

[tabas]

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

Gambling for long period for normal gamblers is not really a good thing because the only beneficiary of it are the gambling site owners. And it is really hard to believe that a gambler is going to win often times. But what is happening is that gamblers are just losing daily rather than winning no matter how long they have been gambling.

[zend7]

I think that article is outdated now because its from 2013 , almost 3 years ago without 1 month. Thats the case in every other casino house and not just the bwin which is the case study of the article. I don't agree with that being common that gamblers in the long run lose, I have seen not every one losses but the majority of them which is expected otherwise no bwin websites would still exist. This is a good article for starting out gamblers to not rush and place wager after wager without doing any research. I have learned from the tipsters I follow that they always read a few statistics as minimum before betting on that event.

[hua_hui]

I think that article is outdated now because its from 2013 , almost 3 years ago without 1 month. Thats the case in every other casino house and not just the bwin which is the case study of the article. I don't agree with that being common that gamblers in the long run lose, I have seen not every one losses but the majority of them which is expected otherwise no bwin websites would still exist. This is a good article for starting out gamblers to not rush and place wager after wager without doing any research. I have learned from the tipsters I follow that they always read a few statistics as minimum before betting on that event.

Data may be outdated but the data is still very useful for future research. That is why investment book like the millionaire next door and a random walk down wall street are still hugely popular for people to read. It is able to provide insights that can last for generation.

[Caladonian]

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

Gambling for long period for normal gamblers is not really a good thing because the only beneficiary of it are the gambling site owners. And it is really hard to believe that a gambler is going to win often times. But what is happening is that gamblers are just losing daily rather than winning no matter how long they have been gambling.

But it is also true that theres someone who make gambling for a living as they made it as a profession eapecially those who played with sports bettig they can survive long winning streak and earned enough.

[Indrawan77]

Its really rare that a gambler can win in gambling, most of the time the gambler  will lost it to casino, that is why there are a lot of casino appear, maybe from 20 times playing the gambler can win 1 or 2 times only of they are lucky

[ronaldo40]

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

yes you are right, but without us knowing I playing gambling for a longer period. even 3 years playing and yeah result too much to lose. but I also often get a jackpot, so that makes me continue to play.

[dunfida]

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

Gambling for long period for normal gamblers is not really a good thing because the only beneficiary of it are the gambling site owners. And it is really hard to believe that a gambler is going to win often times. But what is happening is that gamblers are just losing daily rather than winning no matter how long they have been gambling.

But it is also true that theres someone who make gambling for a living as they made it as a profession eapecially those who played with sports bettig they can survive long winning streak and earned enough.

i do heared also that someone is  making a living in sports betting which is somehow  amazing since gambling is a risky thing and  doesnt  even guarantee you to make profits almost everyday which is very impossible  to happen but there are really people  who make living with it. Some may be experienced enough and some gained some  good tips about   in sport betting.

[electronicfactura]

I wonder how anybody can sell the secret of that method with the help of it he can generate a lot of money every day. That sounds fishy and I don't believe into that kind of method or strategies. That is why there is no possible way of like that to make daily guaranteed money.

[TraderETH]

I don't too often win on playing gambling, usualy more much lost than win in every weeks i have played gambling about 3-4 Times and lost 2 time and win 1 time and it is not becoming problem because just a little bitcoin.

[futurebit640]

Its really rare that a gambler can win in gambling, most of the time the gambler  will lost it to casino, that is why there are a lot of casino appear, maybe from 20 times playing the gambler can win 1 or 2 times only of they are lucky

I agree that in gambling winning percentage is always favour to house edge, and yes because of that there are a lot of casino's existing. But players also have chance to make money here not in slot games. In sports betting, they have a chance to make a profit. And some people may do long run a profit in sports betting.

[Nahl]

i think those data has pretty accurate because like or not this is the fact that over than 50% from the gamblers in the world losing their money during a gambling and only 30% or less has been experience to won and that's why for those who have physical casinos or online casinos they were became more richer day by day

[LFC_Bitcoin]

It's a bit of a sketchy question & a topic that is pointless analysing. You're never going to be able to figure out 'how often gamblers win'.

It depends on so, so, so many things that you're never going to be able to get the correct answer.

[same21]

I my opinion regarding how often do you gamblers really. I think it cannot be measured as some winnings do happen by luck and some by proven techniques that had come from a series of in-depth experience with gambling. Some winnings are done due to pure fighting spirits and intuition. I guess if you apply all, then you must be lucky one day.