Q&A of the Day – What Percentage of Sports Bets Lose Money & How Much?

Most recently, the average American who’s gambled on something over the past year has lost an average of $750 doing so. That’s a number that factors in the few who come out on top. And so how few is it? What percentage of people who gambled over the past year came out on top in the end? The answer is...4%. Yes, the old saying about the “house always wins”, most certainly still applies.