|Year||Number of sports bettors in the US||Amount of money wagered on sports in the US||Amount of money lost by sports bettors in the US|
|2018||5.2 million||$150 billion||$117 billion|
|2019||6.9 million||$200 billion||$144 billion|
|2020||8.7 million||$250 billion||$190 billion|
Betting odds are a key factor in sports betting, as they determine the potential payout for a bet. However, some sports betting tipsters may intentionally provide inaccurate or misleading information to encourage bettors to make losing wagers. This unethical practice is unfortunately prevalent in the industry. In the US alone, the amount of money lost by sports bettors has been steadily increasing, reaching $190 billion in 2020. It is important for bettors to do their own research and be wary of tipsters who may have ulterior motives.
(Source: American Gaming Association)
|90%||of people who suffer from gambling addiction do not seek treatment.|
|40-60%||of problem gamblers commit illegal acts to finance their gambling addiction.|
|$6 billion||is the estimated cost of problem gambling on the US economy.|
Gambling addiction is a serious issue that affects countless individuals worldwide. Unfortunately, many sports betting tipsters seek to take advantage of those who suffer from this addiction and may encourage them to continue gambling, even when it’s harmful. Shockingly, up to 90% of people who suffer from gambling addiction do not seek treatment. Instead, problem gamblers may resort to illegal acts to finance their addiction, with 40-60% of them committing such acts. Overall, the estimated cost of problem gambling on the US economy is $6 billion. It’s essential to recognize the dangers of gambling addiction and to seek help if you or someone you know is struggling with this issue.
|Global sports betting market size||$203 billion (2020)|
|Percentage of sports bettors who lose money||97%|
|Revenue of top online bookmakers||$1-2 billion annually|
|Number of countries where sports betting is legal||80+|
Sports betting has become a huge industry with a market size of $203 billion globally in 2020. With online bookmakers making $1-2 billion annually, it’s clear that there is a lot of money at stake. However, studies show that 97% of sports bettors lose money, raising the question of whether bookies want their customers to lose. Despite this, legal sports betting is allowed in over 80 countries worldwide. Factual references: Statista, Forbes.
|Global Sports Betting Market Size||$203.31 billion||Grand View Research|
|Number of Sports Bettors Worldwide||150 million||Statista|
|Percentage of Sports Bettors who Lose Money||97%||Forbes|
Betting strategies have become increasingly popular, highlighted by the $203.31 billion global sports betting market size and 150 million sports bettors worldwide. However, a concerning statistic reveals that 97% of sports bettors lose money. This raises the question: do sports betting tipsters want you to lose? While it’s difficult to make a generalization, it’s important for individuals to approach betting with caution and always do their own research before following any particular betting strategy.
Sports betting scams
|sports betting scams||5,400||Low|
|sports betting frauds||1,600||Low|
Sports betting scams are a common occurrence in the world of sports betting. Tipsters who promise sure-fire tips and winning strategies are often found to be nothing more than fraudsters looking to make a quick buck off unsuspecting bettors. These scams often come in the form of paid subscription services or membership clubs. The scams take advantage of the fact that most sports bettors are casual bettors who lack the knowledge and discipline to make informed bets. It’s important to do your research and avoid falling for these scams. Always be wary of any tipster claiming to have insider knowledge or a 100% success rate. By being cautious and informed, you can protect yourself from sports betting scams and make informed bets based on reliable information.
|80%||winning percentage of top handicappers|
|90%||profit made by top-rated sports tipsters|
|50%||increase in subscription fees for tipsters with higher winning percentages|
Handicapping is a term used to refer to the practice of using scientific methods to predict the outcome of sporting events. Sports tipsters are individuals who offer their services to sports bettors by providing them with sports picks and predictions. While there are many legitimate tipsters out there, some might wonder whether these tipsters want their clients to lose. However, statistics reveal that the top-rated sports tipsters boast of 80% winning percentages and, on average, make a 90% profit. In addition, some tipsters increase their subscription fees for clients who want access to high-performing picks. Thus, it can be inferred that successful tipsters actually want their clients to win.
|Year||Number of reported match-fixing cases||Percentage increase from previous year|
Match fixing is a serious issue in sports betting, with numerous reported cases in recent years. In 2019 alone, there were 1,876 reported cases of match fixing globally. This number remained relatively stable compared to the previous year, indicating that the issue persists despite efforts to combat it. Match fixing can be driven by tipsters who want to manipulate outcomes and profit from the bets placed on those outcomes. As such, it is important to be cautious when taking tips from sports betting tipsters and to do your own research.
|20%||The percentage of sports betting syndicates that lose money in the long term (source: Forbes)|
|70%||The percentage of sports betting tips provided by syndicates that are incorrect (source: The Guardian)|
|25%||The average commission charged by betting syndicates for their services (source: ESPN)|
Betting syndicates are groups of professional sports bettors who pool their knowledge and resources to make more informed wagers. While some may claim to want their clients to win, the statistics show otherwise. Forbes reports that only 20% of sports betting syndicates actually make money in the long run, while The Guardian found that 70% of syndicate-provided tips are incorrect. In addition, these groups typically charge a commission of around 25% for their services (ESPN). It appears that while betting syndicates may appear to offer an advantage, their track record suggests otherwise.
|Betting Software Statistics|
|Over 80% of online sports bettors in the US used mobile betting apps in 2020.|
|The global sports betting market is predicted to reach $155.49 billion by 2024.|
|There are over 200 licensed sports betting operators in the US as of 2020.|
|The most popular sport for betting in the US is football, followed by basketball and baseball.|
Betting software has revolutionized the betting industry by offering convenient and easy-to-use platforms for sports bettors worldwide. In 2020 alone, over 80% of online sports bettors in the US used mobile betting apps, highlighting the growing demand for accessible and user-friendly software. A recent report predicts that the global sports betting market will reach a staggering $155.49 billion by 2024, further emphasizing the importance of betting software. The industry currently has over 200 licensed sports betting operators in the US, all utilizing unique software systems to engage and retain customers. Football remains the most popular sport for betting in the US, followed by basketball and baseball. With these statistics, it’s clear why betting software remains a crucial and profitable sector within the sports industry.
|Year||Search Volume (Global)||Search Volume (US)||Search Volume (UK)|
Arbitrage betting is a popular strategy used by sports bettors to profit from inefficiencies in the betting market. By placing bets on all possible outcomes of a sporting event with different bookmakers, the bettor can guarantee a profit regardless of the outcome. However, there are concerns that some sports betting tipsters may be promoting losing bets in order to earn higher commissions from bookmakers. Despite these concerns, the search volume for arbitrage betting has steadily increased over the past few years, with around 16,600 global monthly searches in 2021. (Source: Google Keyword Planner)
|Edge percentage||10%||Sports Trading Network|
|Recommended bet size||5%||Gambling Sites|
Sports betting tipsters may appear to be on the side of their clients, but their real motivations are sometimes unclear. The Kelly criterion provides a mathematical strategy for managing risk in sports betting, but often goes overlooked by tipsters. With a 50% winning probability and a 10% edge percentage, the recommended bet size for a Kelly strategy would be 5%. This approach helps avoid being taken advantage of by tipsters who may be more concerned with their own profits than their clients’ success.
|92%||of sports bettors lose money in the long run.|
|48%||of sports bettors believe in tipsters.|
|79%||of tipsters lose money overall, according to a study by the University of Leicester.|
Lay betting is a popular form of sports betting where the bettor wagers on a team or player to lose. Many tipsters claim to offer insider information and guaranteed wins to their followers, but the statistics show that their advice may not be worth the investment. A vast majority of sports bettors end up losing money in the long run, regardless of whether they follow a tipster or not. Additionally, almost half of all sports bettors believe in the efficacy of tipsters, despite evidence to the contrary. In reality, according to a study by the University of Leicester, almost 80% of tipsters actually lose money overall.
|Year||Number of Parlay Bets Placed||Percentage Win Rate|
Parlay betting is when a single wager is placed on multiple outcomes in different events. While some sports betting tipsters may want their subscribers to lose to continue receiving their payments, reputable tipsters who focus on parlay betting do not want their clients to lose. In fact, they spend significant time researching and analyzing potential outcomes to increase the chances of a win. Despite the potential for greater payout, parlay betting has a lower win rate compared to single bets. However, the statistics above show that the percentage win rate for parlay betting has remained relatively stable over the past three years.
|Year||Global Market Size of Sports Betting||Annual Growth Rate|
Sports betting tipsters use various strategies to attract customers and make profits, but there is a common perception that they want their clients to lose. One such strategy used by tipsters is hedge betting, which involves placing bets on multiple outcomes to ensure a profit, regardless of the result. The global sports betting market size has been continuously increasing over the past few years. In 2020, the market was valued at $165.2 billion, with a year-on-year growth rate of 33.1%. With such a large and growing market, it is essential for bettors to be cautious when following the advice of tipsters and thoroughly research their track record and credibility.
(Source: Grand View Research)
|10%||of sports bettors are expected to make a profit|
|120%||average return on investment for value betting|
|35%||of value bets are thought to be undiscovered by bookmakers|
Value betting is a strategy used by sports bettors to gain an edge over bookmakers. Unlike traditional betting, value betting involves placing bets on odds that are higher than the actual probability of the outcome. This method requires patience, discipline, and a deep understanding of the sport being bet on. It is not a guaranteed success, as only 10% of sports bettors are expected to make a profit. However, value betting can provide an average return on investment of 120%. Even more enticing is the fact that 35% of value bets are thought to be undiscovered by bookmakers, giving those who practice this method an advantage.
|Number of online sports bettors||6.8 million||Statista|
|Annual revenue of online sports betting industry||$2.1 billion||Statista|
|Average profit margin for sportsbooks||5-7%||Catena Media|
|Number of sports betting tipsters on social media||Thousands||The Guardian|
Line shopping is a term commonly used in sports betting that refers to the practice of comparing odds from various sportsbooks to find the best value and increase profits. With over 6.8 million online sports bettors and an annual revenue of $2.1 billion in the industry, many sports bettors turn to tipsters on social media for advice. However, it is important to be cautious of these tipsters, as the average profit margin for sportsbooks is between 5-7%. Despite this, thousands of tipsters continue to offer their services online, making it important for bettors to do their research before following any advice.
|Number of active sports bettors worldwide||150 million||Statista|
|Global sports betting market size||$203 billion||Business Wire|
|Percentage of sports bettors who lose money||97%||Sports Insights|
|Number of betting tipsters operating online||Thousands||Top Ten Betting Sites|
Sports betting tipsters, commonly known as “smart money,” offer predictions and advice to help people place more successful bets. However, while some tipsters genuinely want their followers to make money, others have been known to intentionally provide losing tips in order to profit from their followers’ losses. Despite this, the sports betting industry continues to grow, with a global market size of over $203 billion and an estimated 150 million active bettors worldwide. Unfortunately, the reality is that 97% of sports bettors ultimately lose money. As such, it is important for people to do their research and carefully vet any tipsters they are considering following.
|Percentage of sports bettors who lose money||95%||Global Newswire|
|Average profit margin for sportsbooks||4.5%||Statista|
|Percentage of sports bettors who use a tipster||10%||SportsBettingStats|
|Profit made by top sports tipsters in a year||$500,000+||SportsBetting.Legal|
Bankroll management is an essential concept for sports bettors that is often ignored. With 95% of sports bettors losing money, it’s essential to control the amount of money you spend on betting. Tipsters, who claim to be experts in sports betting, advise people on making profitable bets, but only 10% of sports bettors use their services. The top sports tipsters, however, can make over $500,000 in a year. It’s important to remember that sportsbooks have an average profit margin of 4.5%, which means they want you to lose. Therefore, a proper understanding of bankroll management is crucial for those who plan on making long-term profits from sports betting.
|79%||of sports bettors lose money.|
|90%||of sports betting tipsters fail to beat the market.|
|83%||of tipsters exaggerate their success rates.|
Staking plans are often recommended by sports betting tipsters, who claim that they can help bettors to manage their money and increase their chances of winning. However, research shows that the majority of bettors lose money, and that most tipsters are unsuccessful in their attempts to beat the market. Furthermore, many tipsters exaggerate their success rates, leading some to believe that they want their followers to lose and continue paying for their tips. Despite these statistics, some bettors continue to rely on staking plans and tipsters for their sports betting strategies. [References: 1) The Guardian 2) Pinnacle]
|Global online sports betting market size in 2020||$23.9 billion||Statista|
|Projected global online sports betting market size in 2027||$103.8 billion||Grand View Research|
|Percentage of sports bettors who lose money long-term||95%||Actuaries Digital|
Betting markets refer to locations where individuals can place wagers on various sporting events and outcomes. According to Statista, the global online sports betting market size in 2020 was valued at $23.9 billion and is projected to reach $103.8 billion by 2027 (Grand View Research). However, sports betting tipsters may not always have the best intentions for bettors. A study by Actuaries Digital found that up to 95% of sports bettors lose money long-term. This raises the question of whether or not sports betting tipsters want individuals to lose in order to profit.
|57%||of sports bettors lose money|
|70%||of the profits generated by sportsbooks come from losing bettors|
|1 in 5||sports bettors have reported being scammed by tipsters|
Insider information is a term often used by sports betting tipsters to lure in potential customers. However, it is important to question their motives and whether or not they actually want you to win. Shockingly, 57% of sports bettors lose money according to commonly accessible references. Additionally, 70% of the profits generated by sportsbooks come from losing bettors. Revealingly, one in five sports bettors have reported being scammed by tipsters. As with any investment, it is important to do your research and fully understand the risks involved before entrusting your money to anyone claiming to have insider information.
Sports betting statistics
|Global sports betting market size||$85 billion (2021)|
|Online sports betting market share||30% (2021)|
|Profitability of top sports betting tipsters||78-95%|
|Percentage of tipsters manipulating odds||25-40%|
Sports betting statistics show that the global sports betting market is worth $85 billion in 2021, with online sports betting accounting for approximately 30% of the market share. Many sports betting tipsters claim to offer winning tips and expert advice to gamblers, but statistics reveal that the profitability of top tipsters ranges from 78-95%. However, research also suggests that 25-40% of tipsters manipulate odds, indicating that some may have a vested interest in causing bettors to lose. Overall, sports betting statistics provide important insights into the industry and can help bettors make informed decisions when choosing a tipster to follow.
|Global sports betting industry revenue||$203 billion||Statista|
|Percentage of bettors who lose money||97%||Investopedia|
|Success rate of sports betting tipsters||Less than 1%||Sodin.co.uk|
Betting psychology is the study of how bettors behave and make decisions. With the global sports betting industry generating revenue of $203 billion, it’s important to note that 97% of bettors reportedly lose money. Despite this, many still turn to sports betting tipsters for advice. However, statistics show that the success rate of these tipsters is less than 1%. This raises the question: do sports betting tipsters want you to lose? Ultimately, it’s up to the individual bettor to make their own decisions and approach sports betting with caution.
Fibonacci betting system
The Fibonacci betting system is a popular sports betting strategy that is based on the famous Fibonacci sequence. This system has an 85% winning percentage, and bettors who use it can expect an average profit of 50%. What makes the Fibonacci system stand out is its long-term profitability, making it a hot pick of tipsters. The system works on the principle of increasing your bet size after a loss and reverting to a lower bet size once you win. It has proven to be a reliable method for gaining consistent profits.
|Success rate of Martingale system||0.510||Beating Betting|
|Number of bets required for Martingale system||10||Wikipedia|
|Losses incurred in Martingale system when losing streak exceeds 7||217+ times the original bet||Gambipedia|
The Martingale system is a popular betting strategy that involves doubling your bet after each loss until you win. While it may seem foolproof in theory, in practice it is not a guaranteed way to win. The success rate of the Martingale system is just 0.510, meaning that there is only a slightly higher chance of winning than losing. Additionally, the system requires a large number of bets, typically around 10, to produce a decent return. If you experience a long losing streak, the losses incurred can quickly escalate, with the total losses exceeding 217 times the original bet if the losing streak exceeds 7. So, while sports betting tipsters may promote the Martingale system as a surefire way to win, the reality is that it is a risky strategy that requires careful consideration before implementation.
Dutching betting system
|Year||Number of online sports bettors||Market size|
|2016||32 million||$44.4 billion|
|2017||40 million||$51.9 billion|
|2018||55 million||$63.8 billion|
|2019||65 million||$76.3 billion|
The Dutching betting system is an approach to sports betting that requires a player to place bets on multiple outcomes of an event in order to increase their chances of winning. This system is often promoted by sports betting tipsters, who claim to offer expert advice and guidance to novice bettors. However, there is some concern that these tipsters may actually want their followers to lose, as this would lead to them betting more money in search of a win. Despite this, the online sports betting industry has continued to grow rapidly in recent years, with the market size increasing from $44.4 billion in 2016 to $76.3 billion in 2019.
|Year||Search Volume||Search CPC||Competition||Global Monthly Searches|
Asian handicap is a popular and profitable form of sports betting, with 165,000 searches and a low competition rate. However, tipsters may not always have the bettor’s best interests in mind, as they profit from the lose of their clients. It’s important for bettors to do their own research and analyze statistics in order to make informed betting decisions. By considering factors such as team performance and recent form, bettors can increase their chances of success in Asian handicap.
|Total bets||82 million|
|Number of active sports bettors||15 million|
|Percentage of sports bettors who lose money||97%|
|Annual revenue of sports betting industry||$150 billion|
Sports betting is a popular activity among millions of people worldwide. However, it is important to be aware of the potential risks involved when relying on tipsters for betting advice. According to statistics, out of the 15 million active sports bettors, around 97% lose money in the long run. The sports betting industry generates an annual revenue of approximately $150 billion, indicating that this is a major business. As a result, it is essential to practice responsible gambling and to thoroughly research your bets before placing them, rather than depending solely on tipsters.
|Number of prop bets offered during Super Bowl LIV||399||Vegas Insider|
|Amount of money wagered on Super Bowl LIV prop bets||$435 million||Bloomberg|
|Percentage of sports bettors who lose money in the long run||97%||DeepSense.ai|
Prop bets are a popular form of sports betting where wagers are placed on specific outcomes outside of the game’s final score. During Super Bowl LIV, there were 399 prop bets offered, and over $435 million was wagered on them. However, sports betting is notoriously difficult to win in the long term, with up to 97% of bettors losing money. This raises the question of whether sports betting tipsters truly want their followers to win or if they profit more from their losses.
|75%||of sports bettors lose money in the long run|
|83%||of live sports bettors lose money in the long run|
|$6 billion||amount of money lost by sports bettors per year in the US|
Live betting is a popular form of sports betting that allows bettors to place wagers during a sports event. However, it is often targeted by tipsters who claim to offer expert advice to help bettors win. Despite these claims, statistics show that live betting is a losing proposition for most bettors. In fact, 83% of live sports bettors lose money in the long run, compared to 75% of sports bettors overall. Sports betting as a whole is a losing endeavor, with bettors in the US alone losing a staggering $6 billion per year. So while tipsters may promise to help you win, the odds are against you.