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Author Topic: Statistics prove gamblers lose money!  (Read 2320 times)
neeko
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« 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

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.

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Marky147
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« Reply #1 on: October 31, 2013, 08:43:20 AM »

Shocker Cheesy
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millidonk
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« Reply #2 on: October 31, 2013, 09:04:08 AM »

I always wondered why there were so many bookies in town centres..
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theprawnidentity
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« Reply #3 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!!!!
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redsimon
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« Reply #4 on: October 31, 2013, 12:41:09 PM »

Harvard researchers last seen stalking Bears in the woods to see where they excrete Cheesy
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AndrewT
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« Reply #5 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.
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RED-DOG
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« Reply #6 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.

 
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YEAHMAN123
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« Reply #7 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?
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RedFox
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« Reply #8 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.
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neeko
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« Reply #9 on: October 31, 2013, 01:42:08 PM »

lol another pointless survey. who funds these researches?


BWin
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redarmi
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« Reply #10 on: October 31, 2013, 01:53:05 PM »

Given Bwin's policies I am pretty surprised anyone wins there ever.
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millidonk
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« Reply #11 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.
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doubleup
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« Reply #12 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.
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Woodsey
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« Reply #13 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.
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Jonboy
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« Reply #14 on: November 02, 2013, 12:51:49 AM »

No one looses ... it is just  a bigger downswing ;-)
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