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Title: Statistics prove gamblers lose money! Post by: neeko on October 31, 2013, 08:37:04 AM Link to WSJ article that looks at data analysed at Harvard from Bwin customers 2005-2007
http://online.wsj.com/news/articles/SB10001424052702304626104579123383535635644 (http://online.wsj.com/news/articles/SB10001424052702304626104579123383535635644) Of gamblers who play roulette / slots only 11% made money, that dropped to less than 5% of those who gambled the most. In poker, a third of those who were "most involved" were winners but only 10% of the rest won. Title: Re: Statistics prove gamblers lose money! Post by: Marky147 on October 31, 2013, 08:43:20 AM Shocker :D
Title: Re: Statistics prove gamblers lose money! Post by: millidonk on October 31, 2013, 09:04:08 AM I always wondered why there were so many bookies in town centres..
Title: Re: Statistics prove gamblers lose money! Post by: theprawnidentity on October 31, 2013, 09:42:15 AM You're telling me, that when someone continually wagers money for a 90% return (or whatever the amount it), that they lose money?
Eye-opening to say the least!!!! Title: Re: Statistics prove gamblers lose money! Post by: redsimon on October 31, 2013, 12:41:09 PM Harvard researchers last seen stalking Bears in the woods to see where they excrete :D
Title: Re: Statistics prove gamblers lose money! Post by: AndrewT on October 31, 2013, 01:13:33 PM Hardly a shock - we all know that the only way to make sure you never lose when gambling is to be the Best in the Business.
Title: Re: Statistics prove gamblers lose money! Post by: RED-DOG on October 31, 2013, 01:23:48 PM Hardly a shock - we all know that the only way to make sure you never lose when gambling is to be the Best in the Business. ;tightend; Title: Re: Statistics prove gamblers lose money! Post by: YEAHMAN123 on October 31, 2013, 01:27:27 PM lol another pointless survey. who funds these researches?lol
i hear awful ones being told all the time in english media. do we the tax payer fund this anyone know? Title: Re: Statistics prove gamblers lose money! Post by: RedFox on October 31, 2013, 01:41:04 PM Hardly a shock - we all know that the only way to make sure you never lose when gambling is to be the Best in the Business. How does one gain this status pray tell. Title: Re: Statistics prove gamblers lose money! Post by: neeko on October 31, 2013, 01:42:08 PM lol another pointless survey. who funds these researches? BWin Title: Re: Statistics prove gamblers lose money! Post by: redarmi on October 31, 2013, 01:53:05 PM Given Bwin's policies I am pretty surprised anyone wins there ever.
Title: Re: Statistics prove gamblers lose money! Post by: millidonk on October 31, 2013, 02:33:03 PM lol another pointless survey. who funds these researches?lol i hear awful ones being told all the time in english media. do we the tax payer fund this anyone know? Having worked in research (private sector) I would honestly say 75% of our projects were from people just trying to use up their annual research budget else it gos slashed the following year. Title: Re: Statistics prove gamblers lose money! Post by: doubleup on November 01, 2013, 08:59:26 AM In poker, a third of those who were "most involved" were winners but only 10% of the rest won. poker has moved on since the research - now nobody loses. Title: Re: Statistics prove gamblers lose money! Post by: Woodsey on November 01, 2013, 09:09:35 AM In poker, a third of those who were "most involved" were winners but only 10% of the rest won. poker has moved on since the research - now nobody loses. lol, I honestly don't think I can remember anyone admit they are a losing player. Title: Re: Statistics prove gamblers lose money! Post by: Jonboy on November 02, 2013, 12:51:49 AM No one looses ... it is just a bigger downswing ;-)
Title: Re: Statistics prove gamblers lose money! Post by: mumblesrock on November 02, 2013, 10:01:41 PM like any pyramid, there lots at the bottom and few at the top winning money!! but u gotta be in it to win it!!
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