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View Full Version : how often do gamblers really win?

precocity
10-12-2013, 08:53 AM
good read hope not a repost.
http://online.wsj.com/article/SB10001424052702304626104579123383535635644.html?r u=yahoo?mod=yahoo_itp
Robert Goren
10-12-2013, 09:18 AM
Maybe some day someone will study horse players like this.
precocity
10-12-2013, 09:21 AM
Maybe some day someone will study horse players like this.
robert i swear when i read this I was thinking the exact same thing.
jballscalls
10-12-2013, 06:46 PM
I've always heard two percent of people who play horses end up ahead.

I have a friend who's a career winner because he goes 5 times a year, and bets maybe 30 bucks each day when he goes there. Every time there is a 9 horse field (which at Emerald anymore is rare) he bets his birthday trifecta, 9-2-5. He hit it once for $1,800 and once foe $887.

I think we figured out one time that he can lose every time at the track his 30 bucks five times a year for the next 40 or 50 years and still be a winner :)

This is kind of unrelated, but we're working on a study at my school that i'm volunteering on, on what types of gambling are the most addictive and which ones tend to lead to the quickest period of the gambling moving from recreational to compulsively. So far lottery machines/slots (escape gambling) have a much faster time frame to addiction. Horse racing and poker are at the slower end. Some of the racing participants have indicated that their severity and rate of addiction increased when they started playing simulcast or online. It seems rapidity of stimulation so far is the biggest correlative factor to addiction onset.
HUSKER55
10-12-2013, 07:32 PM
everything people do is a gamble. the stock market, bond market, commodity market, casinos, horses and etc.

What is missing is how many are actually aware enough to invest, place a wager, buy long, short and etc compared to those who use darts.

as a group the numbers are what I suspected but if those numbers were "qualified" then I think there would be a different story.

in everything we do someone has to give in, give up or lose so the other person can gain or win.

JMHO
thaskalos
10-12-2013, 07:47 PM
According to the article, 33% of the "serious" poker players were found to be long term winners...and 10% of the rest were long term winners as well.

Call me a cynic if you must...but I don't believe these figures are anywhere near the truth.
wiffleball whizz
10-12-2013, 08:30 PM
According to the article, 33% of the "serious" poker players were found to be long term winners...and 10% of the rest were long term winners as well.

Call me a cynic if you must...but I don't believe these figures are anywhere near the truth.


Poker winners are a tick above horse winners.....the rake cripples people
jballscalls
10-12-2013, 08:35 PM
Poker winners are a tick above horse winners.....the rake cripples people

so does overplaying Pocket Jacks
thaskalos
10-12-2013, 08:35 PM
Poker winners are a tick above horse winners.....the rake cripples people
Yeah...but the horseplayers are better liars. :)
precocity
10-12-2013, 09:21 PM
Yeah...but the horseplayers are better liars. :)
:D SINCE 1997 I JUST WANT MY 150GRAND BACK!!!!!! WHO ELSE IS GOING TO TELL THE TRUTH! BESIDES WHIZZ.. ;)
shots
10-12-2013, 10:09 PM
Yeah...but the horseplayers are better liars. :)
But behind fishermen
wiffleball whizz
10-12-2013, 10:11 PM
:D SINCE 1997 I JUST WANT MY 150GRAND BACK!!!!!! WHO ELSE IS GOING TO TELL THE TRUTH! BESIDES WHIZZ.. ;)

Wish I was lying.....it would be cheaper
HUSKER55
10-13-2013, 12:21 PM
no damn it! For the last time.... I am not giving you back your money!!!

:lol: