What percentage of betting players are long-term winners?

[Wind_FURY]

I checked on AI for an accurate public data but I was led to https://www.lasvegasadvisor.com/question/percentage-winners/ you need to subscribe to get the complete data on the subject but the data is a very old one there is no current data about this subject.

Based on the summary of the study.

only 13.5% of gamblers ended up winning

I think the percentage is small now because of the evolution and innovation of the casinos, where they have a big edge.
Casinos are the most profitable industry because of the high percentage of losers compared to winners. They only have to worry about the competition, not their players.

Does it specify what games that 13.5% end up winning? We could agree that they're NOT casino games which you play against the house, with 1% or more edge for the house. Every casino game will make you a long-term loser, including my favorite Live Craps.

I believe sports-betting long-term winners are less than that 13.5% indicated, but it's more than Black Jack winners, and less than Poker long-term winners.

[Natalim]

I don't care about the number or percentage of winning. We have some studies, but we are not even sure that they really represent the reality. Our experience could tell how gambling is going. If we are suffering more losses now than winning, it is going to be the same in the future. Some claim they are profiting, but we're too certain that the majority are losing. Therefore, we should stop thinking that gambling could make us rich. I think we have to accept the fact that gambling is not a way to become rich. If we are here to make fun, it is good. But if we are here to chase money, we will regret it.

[madnessteat]

I don't know for sure what percentage of bettors make a profit in the long term and it seems to me that even if this percentage is calculated, it will be very approximate. I think that there are very few such people - less than 1% of the total number of bettors. In my entire life, I have only met two people who managed to make money on sports betting. I know that one of them no longer bets on sports for reasons unknown to me, and I no longer have contact with the second.

[Julien_Olynpic]

I don't know for sure what percentage of bettors make a profit in the long term and it seems to me that even if this percentage is calculated, it will be very approximate. I think that there are very few such people - less than 1% of the total number of bettors. In my entire life, I have only met two people who managed to make money on sports betting. I know that one of them no longer bets on sports for reasons unknown to me, and I no longer have contact with the second.

I agree that this percentage is small. And it is clearly less than in trading. In trading, the consensus defines the number of long-term successful people as 2-3-5% of the total number of traders. Here, this percentage is clearly less. And most likely, it really is close to 1%. But it is difficult to determine this percentage with absolute precision for various reasons. Everything depends on the calculation method. For example, who should be included in the sample for determining the number of players? Should we include players who came to the industry for several months, lost a small amount and no longer bet? Or should the number of long-term successful people be compared only with the number of long-term losers? These will be different calculation methods and, accordingly, different numbers. In addition, what are the limits of long-term successful players? For how long should they be long-term successful? What is the minimum amount they should earn? Most likely, there are many types of long-term successful players. Depending on the amount, the interval of success and the maximum episodes of bankroll drawdowns.

[summonerrk]

I don't know for sure what percentage of bettors make a profit in the long term and it seems to me that even if this percentage is calculated, it will be very approximate. I think that there are very few such people - less than 1% of the total number of bettors. In my entire life, I have only met two people who managed to make money on sports betting. I know that one of them no longer bets on sports for reasons unknown to me, and I no longer have contact with the second.

Probably if every betting fan stopped at the moment when he received more profit than he lost, then the percentage of winning bettors on the planet would be much higher than what it actually is now.
And the same applies to casinos.
But the thing is that when a person gets a big Profit, he begins to think that it will continue like this. But according to the theory of probability, there is a simple rule that if you were lucky before, then most likely you will not be lucky further. And your statistics of victories and defeats in approximate execution will be 50% if we remove the commissions of the bookmaker or casino from this calculation.

[CroverNo01]

I don't care about the number or percentage of winning. We have some studies, but we are not even sure that they really represent the reality. Our experience could tell how gambling is going. If we are suffering more losses now than winning, it is going to be the same in the future. Some claim they are profiting, but we're too certain that the majority are losing. Therefore, we should stop thinking that gambling could make us rich. I think we have to accept the fact that gambling is not a way to become rich. If we are here to make fun, it is good. But if we are here to chase money, we will regret it.

I've bitcoin and that is simply to reach my goals. What regret can do if we keep leaning on the past? The system is not about how far you've gone but how well. All my years of gambling, I've come to realized how it's been for most of us that does hesitate to scrap out our winnings, we know it's very possible to stay on a clear path in the system. Who cares about percentage? The goal is to be locked in gigantic profits in gambling despite the hurdles coming our path, we try our possible best to keep our head up higher and know how to make things revolved our paths.

[Cryptmuster]

I don't care about the number or percentage of winning. We have some studies, but we are not even sure that they really represent the reality. Our experience could tell how gambling is going. If we are suffering more losses now than winning, it is going to be the same in the future. Some claim they are profiting, but we're too certain that the majority are losing. Therefore, we should stop thinking that gambling could make us rich. I think we have to accept the fact that gambling is not a way to become rich. If we are here to make fun, it is good. But if we are here to chase money, we will regret it.

It is best to look at the success in gambling over the past six months or a year and it will be clear what to expect in the next six months, I also agree that a player cannot just change, if before that he was losing all the time, then most likely he will continue to lose, miracles do not happen. We are unlikely to ever know the percentage of successful players, if they show us some statistics, it will be clearly overstated, because it is profitable for the casino for you to think that you have a better chance of winning.

[Peanutswar]

I dont have stats by that seems I can make an assumption that not all gambler ended up being successful in their journey, because others keep playing and handling their gambling habit with proper management, such as capitals and gains, on the other hand are the gamblers who makes a good win and ended up losing everything, so I guess it depends on the players capability and risk if they will keep having a good time making an earning in gambling. Also considering the type of game too.

[DubemIfedigbo001]

I think that playing less can only be done if we have limits in playing gambling. Especially if you are unlucky in playing, your bankroll balance will quickly run out,
which will force you to stop because your money is limited.

Then when it comes to the winning amount that we can get when we play casino gambling, it is also quite difficult to achieve because it is also unpredictable when we experience a win here,
in reality. Unless you are close to luck.

In other words, we limit the amount of capital we use in gambling so that the game pattern can be set according to the capital limits we have. When our balance runs out, all we need to do is stop and don't need to refill it on the same day because we may not be able to chase victory in the next bet in a fairly close time.

One of the greatest issues people have in gambling and the causes of heavy financial loss is multiple deposits, I believe everyone who ha carved out a gambling budget know the funds allocated to each gambling session. Depositing the actual amount for the day's session and never redepositing is a good way to start emotional control. Withdrawing your wins and resetting your balance to initial deposit is also another way to ensure your profits are not swallowed back by the casino. It would help to discipline yourself to only deposit once, but can withdraw as many times as you want if it is your lucky day.

Personally, I prefer to bet on football by relying on small capital because there we can choose several matches and even if we lose we will not lose more money on the limits we have set for gambling.

I gamble more on football matches, but sometimes, I just get bored of analyzing and try out casino games like slots and aviator. I guess when I have more strength, I focus on football, but when I'm worn out, casino games comes to the rescue since I am not required to do much brain manipulation or analysis to engage.

[sompitonov]

In order to be a truly long-term winning player, you probably need to play more than 10 thousand bets, if not more, because if you play a small number of bets, then it is extremely difficult to evaluate the player, whether he is a winner. Because very few players actually go through this path, most will never make so many bets, because at some point they will break down due to discipline and start betting not according to the bankroll and will leave this distance. So far, I see this as real only with frequent and small bets, because it will take a lot of time. But even this will not allow us to check this, because we can get into a downstreak, which will also not allow us to evaluate our game. Generally speaking, I have never found such statistics, I will not check it on myself, because I will not win back 10 thousand sats.

[Wind_FURY]

I don't know for sure what percentage of bettors make a profit in the long term and it seems to me that even if this percentage is calculated, it will be very approximate. I think that there are very few such people - less than 1% of the total number of bettors. In my entire life, I have only met two people who managed to make money on sports betting. I know that one of them no longer bets on sports for reasons unknown to me, and I no longer have contact with the second.

I believe that "less than 1%" is TOO SMALL. But I do believe that about that percentage or less makes up the percentage of gamblers that actually make large amounts of money to make it their actual living/job. The rest of the long-term winners could probably only make enough as a sort of "second source" of income. The people below that threshold are breakeven gamblers and losers.

[Wapfika]

I don't know for sure what percentage of bettors make a profit in the long term and it seems to me that even if this percentage is calculated, it will be very approximate. I think that there are very few such people - less than 1% of the total number of bettors. In my entire life, I have only met two people who managed to make money on sports betting. I know that one of them no longer bets on sports for reasons unknown to me, and I no longer have contact with the second.

I believe that "less than 1%" is TOO SMALL. But I do believe that about that percentage or less makes up the percentage of gamblers that actually make large amounts of money to make it their actual living/job. The rest of the long-term winners could probably only make enough as a sort of "second source" of income. The people below that threshold are breakeven gamblers and losers.

If we use the RTP of each game as basis of this statistics, I think we can assumed that winners is indeed on low percentage since most of the games has 96% RTP in average and that is just the basis for players breakeven with losses.

So long term profit players is very rare considering of the house edge. Maybe the percentage is high if we consider lower time frame since some players manage to win on early betting.

Most of the losses of players comes in late game when impatient is already at play.

[Outhue]

I don't know for sure what percentage of bettors make a profit in the long term and it seems to me that even if this percentage is calculated, it will be very approximate. I think that there are very few such people - less than 1% of the total number of bettors. In my entire life, I have only met two people who managed to make money on sports betting. I know that one of them no longer bets on sports for reasons unknown to me, and I no longer have contact with the second.

Probably if every betting fan stopped at the moment when he received more profit than he lost, then the percentage of winning bettors on the planet would be much higher than what it actually is now.
And the same applies to casinos.
But the thing is that when a person gets a big Profit, he begins to think that it will continue like this. But according to the theory of probability, there is a simple rule that if you were lucky before, then most likely you will not be lucky further. And your statistics of victories and defeats in approximate execution will be 50% if we remove the commissions of the bookmaker or casino from this calculation.

Maybe, just maybe, but humans always fall at the mercy of greed, all you need to do is make them have a taste of winning first 😛, they will come running back to you, the last time I checked I believe that we don't have long term winners in gambling space but we surely have long term losers.

If gamblers keep track of everything they will find out that they are losing more than they win, which makes the house the ultimate winner over all, you can do the match if you are doubting.

Victory tastes good and to keep it that way is where the hardship begins, this is why I don't celebrate when I win, I already know what's coming next so I get prepared for that.

In this gambling space there is nothing that can shock me anymore, because I've seen it all.

[Tmoonz]

There's no way to really know since most people who are profiting have the sense to keep quiet about it. There's not much benefit to announcing yourself.
I'm sure it's extremely small.

From what I know It is difficult for people to be profiting and keeping calm without announcements, in most instance  it is even when we are not profiting that will we tend to not cry out most than when we are profiting, profiting comes with a high level of excitement that is not as easy not to announce, am speaking based on my own experience and observations from those around me though we can have various options or thoughts about this, it is benefiting to yourself and letting those around you to know that you are profiting but however getting the percentage of betting players that are long term winners can be difficult even though they are little.

[hyudien]

It is best to look at the success in gambling over the past six months or a year and it will be clear what to expect in the next six months, I also agree that a player cannot just change, if before that he was losing all the time, then most likely he will continue to lose, miracles do not happen. We are unlikely to ever know the percentage of successful players, if they show us some statistics, it will be clearly overstated, because it is profitable for the casino for you to think that you have a better chance of winning.

This is what I had in mind before and I ran this experiment for 1 year with a division of 2 periods, and what I got was the percentage of losses in the first 6 months was much higher than the wins, and the next 6 months were just closed 2 months ago, there was indeed a slight decrease in losses but in those 6 months I didn't do much gambling activity, so you could say the results were the same. Lol unfortunately I have deleted all those notes so I can't share them here, right now I don't want to do the experiment because I'm worried that doing those things continuously will affect my mind and it's better to just do it as usual.

[Sticky Bomb]

I don't know for sure what percentage of bettors make a profit in the long term and it seems to me that even if this percentage is calculated, it will be very approximate. I think that there are very few such people - less than 1% of the total number of bettors. In my entire life, I have only met two people who managed to make money on sports betting. I know that one of them no longer bets on sports for reasons unknown to me, and I no longer have contact with the second.

I believe that "less than 1%" is TOO SMALL. But I do believe that about that percentage or less makes up the percentage of gamblers that actually make large amounts of money to make it their actual living/job. The rest of the long-term winners could probably only make enough as a sort of "second source" of income. The people below that threshold are breakeven gamblers and losers.

The fact remains that Most people who were able to maintain their wins either quit gambling after those wins or were able to maintain strictly low budgets after the large wins, others are in big losses if they could keep track of funds they have thrown into gambling.

I agree that a large percentage of gamblers are experiencing net losses. We tend to celebrate wins, but our losses are much greater than wins, but we cannot do much about it since we cannot stop our fun in gambling. for as long as I gamble with a budget, I don't want to calculating my losses, that shit alone can make me very emotional.

[uneng]

There isn't a consensus to claim exactly what percentage of players are long term winners, but it's probably below 10%. I've seen many articles claiming it's around 3%, but they don't present any sources to justify that percentage. I think it would be interesting to launch a research to find out the real numbers, taking into consideration the current popularity of virtual gambling and the hype around this industry.

However, it has to be a meticulous study to seek for different evidences in order to reach a legit result. If it's only about a virtual questionnaire, anyone can claim anything, at same time there is no way for researches to verify if the informations provided are genuine and correspond to the reality.

As we know, there are people on the internet claiming to make a living from gambling and calling themselves professional gamblers, although we don't know if that is for real.

[harapan]

I'm not sure there's record of betting players who are long term winners, that's to say finding the percentage isn't that easy or possible. Moreso betting is 50/50 and the chances of winning and loosing are hitherto though some gamblers tend to make it a source of living but still yet it doesn't amount to then being long term winners so it's indefinite to predict the percentage. Or do we do a break down of betting players to know who's a long term winner?

[Doan9269]

1. What percentage of betting players are long-term winners?

There is no statistic for us to use in proving on this, but if you think its something of a necessity, then we may try to start one here and conduct the research in finding out by engaging the bitcointalk community gamblers, it can come in any form, you may create a poll or any other similar pattern to extract the data from here, but going by the general approach, it is very difficult to establish on this, since not everything we know about gambling as well as the gamblers.

[Proty]

I don't care about the number or percentage of winning. We have some studies, but we are not even sure that they really represent the reality. Our experience could tell how gambling is going. If we are suffering more losses now than winning, it is going to be the same in the future. Some claim they are profiting, but we're too certain that the majority are losing. Therefore, we should stop thinking that gambling could make us rich. I think we have to accept the fact that gambling is not a way to become rich. If we are here to make fun, it is good. But if we are here to chase money, we will regret it.

There is no doubt that gambling may not   make one rich however , viewing gambling or advising people to see gambling as a game of fun is something I think is very wrong because I don't really see the fun in one losing his money all in the name of having or catching fun.All gamblers are into gambling with the intense of winning despite the fact that it may not really go the way they are expecting it to ,the chances of them recovering there loses may not be there but we can't denied the fact that there are gamblers who has make it big or who there winning is far greater than there loses though they maybe few