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That 90+% has nothing to do with the 97% in the other comment. Betting platforms also return 90+% to players.
by kgwgk 1y ago
That 90+% has nothing to do with the 97% in the other comment. Betting platforms also return 90+% to players.
- sidewndr46 1y agoWouldn't that imply that 3% of players win huge on sports betting?
- recursivecaveat 1y agoThe 3% have either won a decent amount early and haven't averaged out yet, or they're a sharp who is carefully betting skillfully on winning bets. I don't think those people actually win too much since the platforms are always hunting to ban them. The missing money of 97% pretty much overwhelmingly ends up in the house's hands.
- kgwgk 1y agoEven if sport bets or slot machines returned 99% that’s for one play. Play 50 times and the aggregate loss is 40%.