99.82% of bettors losers, WHAT?

[SLAM DUNK]

Johnny D, mentioned that 99.82% of players that bet 5 times a week are losers. I cannot believe that to be the truth. Johnny, are you talking actual sports book figures or just your customers.
What is the actual figure? 90%, 85%, 95%?

[Ronbets]

Slam,

I think Sportsbank had JDM flustered earlier or I would have called him on that "air" #. Totally inaccurate.

[reno]

Slam Dunk, relax, Johnny D. has you pegged as part of the .18% that wins.

[Jeff]

That figure is more accurate than not. Don't know the exact figures, but it's a very high number.

Remember, players post up. In more cases than not, they bust out the account. It's sad, but true. Post up is the key word here.

[DoggieStyle]

It's got to be high.

99.82% is really high, but I bet it's around 95% or not too far off.

[Mojo]

According to Las Vegas sportsbooks, 97% of all sports bettor lose. Out of the 3% that win less than 1% actually make their living at it. I read this in the Las Vegas Review Journal a year ago.

[SLAM DUNK]

Okay, lets say it is 95%. Of the 5% that win, any guesses on what percentage actually cap games and what percentage scalp/middle their way to profits.

[JohnnyDeMarco]

Slam Dunk,
I stand by that figure. In the old days of the dearly departed Paradise Casino. Over 99% of the money deposited there was eventually won. Remember, just beacause you won this week-you still have to take into account how much you lost before. Also, these days players get an extra edge. Signup and reload bonuses are not exactly real money. This is monopoly money they put in your account. It only becomes real if you win and they send it to you. And the scalping theory, 99.9999% of the gaming public wouldn't know a scalp if you fully explained it to them.

[Railbird]

What % do bookies stiff or slow pay their clients.What % of players stiff their bookies,or on a pay plan.also what% of street bookies get busted.also what% of players Win that once lossed and vice versa?

[Ronbets]

If these figures thrown out here are accurate, then operating a sportsbook is a Fortune 500 business? Hell, slice expenses and Robin Leach here I come.

JDM please stop putting up "air" #s as gospel. 99.9 sounds like gold assay.

R/Bird I get your point. Who was better Russell, Wilt or Kareem?

[auspice]

to Johnny D.

The people you keep referring to at the old Paradise Casino would sqrew-up a two car funeral. This bunch of rocket scientists would put-out NCAA basketball numbers that were 4 or 5 points different than the Stardusts numbers. Especially the east coast numbers. and baseball...every day there would be a game that would stay .25 or .30 different all day long.

Of course they saw lots of players accounts wither-up and go down to zero. That's what the really successful players were doing. Getting great numbers and successfully getting their monies out.

This 99.82% thing reminds me of a couple of scenes from a movie "six days and seven nights". Sometimes when Ann Hache's character wanted to make a point she would quote some meaningless stastic that her magazine had made-up. Like "99,82% of all players that take the points also prefer hairless 12 year boys"....how does that advertisement go on T.V. "consider your source"

[JohnnyDeMarco]

Ronbets,
If the offshore stores didn't have rididulous costs it would be a fortune 500 business for sure. The losing numbers are accurate. People that post up are very similar to people who go to Vegas with $300 to lose playing slots.
Auspice,
They did post different numbers at the old PC. They were not a clone shop. They made money doing what they did. So I don't understand, how did they screw up? Everybody got paid when they were suppose to. Were they screwups because they were different?

[Jeff]

You have to remember,9 guys can post up for 500 each, and 1 guy can post up for 20 dimes. The 9 guys can bust out, and the guy who posted up for 20 dimes could slit your throat. In this case, 90% lost, but the book didn't make out like a fortune 500!

[Ronbets]

Listen, percentages have few faces. 99.82% spells 18 winners out of 10k. Let's say the minority 18 are $1 to $2 players then what? Can I call Robin Leach now? Because a player posts 20k doesn't put him in the winners circle. It might mean he's a whale from Malibu or he might be a syndicate player going bad(when they go watch out).

Because a player temporarily loses his post up doesn't label him a loser. He's a loser when the merry-go-round stops.

These %'s are a gross exaggeration.

[DoggieStyle]

Ronbets,

The way you said it makes it even sound more correct. 18 out of 10,000. I mean think about it... How many middlers/scalpers are there in the world? How many self employed sports betters are there?

I think that is very possible. I do think it is a little high like I said, But I would bet it's not too far off.

Also 95% would be 500 out of 10,000 people who are winners and to tell you the truth THAT SOUNDS REALLY HIGH!

You know J.D. might be right....

And I think we are talking about people who have won money over their LIFETIME. Not someone who happened to win this football season.

There are very few people that can claim to be winners over their entire lifetime.