1) On Any Given Day:
4% of those who wager on horses show a profit.
Ask a typical gambler leaving any gaming establishment if they made money.
They didn’t win.
They didn’t lose.
They broke even.
2) In Any Given Season:
3% of those betting on football get money back from their sports book.
This says it all.
From The late Bob Martin, manager of Las Vegas’s first sportsbook:
“The number of bettors who win betting pro football is so small that it is
virtually the same as if no one won.”
3) In Any Given Lifetime:
0% of those wagering in a casino show a profit.
It doesn’t get more blunt than this…..
Steve Wynn (owner of multiple billion dollar casinos) was interviewed
by Charlie Rose on 60 minutes and asked:
“Have you ever known, in your entire life, a gambler who wins here big and
“Never”, Wynn replied.
Rose then followed with:
“Do you know anybody over a stretch of time, who is ahead?”
Wynn replied with another unhesitating answer: