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A comment on How did sports betting become legal in the US?. Parent comment

Re:How did sports betting become legal in the US? by kgwgk on Thursday September 25, 2025 @09:43AM (#45372558)
That 90+% has nothing to do with the 97% in the other comment. Betting platforms also return 90+% to players.
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Re:How did sports betting become legal in the US? by sidewndr46 on Thursday September 25, 2025 @12:06PM (#45374586)
Wouldn't that imply that 3% of players win huge on sports betting?
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Re:How did sports betting become legal in the US? by recursivecaveat on Thursday September 25, 2025 @01:18PM (#45375791)
The 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.
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Re:How did sports betting become legal in the US? by kgwgk on Thursday September 25, 2025 @01:43PM (#45376207)
Even if sport bets or slot machines returned 99% that’s for one play. Play 50 times and the aggregate loss is 40%.
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