Male and female winnings analyzed
A new study by online gaming operator 888 Holdings has revealed that, despite there being more male gamblers, it’s actually females who win more at sports betting.
women were much more likely to come out on top than their fellow counterparts, with an average return of 19.79%
The company analyzed its sports betting information since the start of the year, using data from its own branded gambling operations in the state of New Jersey.
After running the numbers, it resulted that women were much more likely to come out on top than their fellow counterparts, with an average return of 19.79% compared to an average loss of 4.6% by males.
Age also a big factor
Interestingly, age played a big part in male bettors’ losses, with those in the younger age ranges losing heavily. The 888 report showed that males between 25 and 34 were typically at a loss of 8.74%.
Females in the same age range were walking away with a 127% win, rising to almost 130% in the 35-44 category. At 45-54 there was a steep drop, with older women suffering a loss of 61.72%.
males between 25 and 34 were typically at a loss of 8.74%. Females in the same age range were walking away with a 127% win
The study also indicated that men typically got better as they got older. They were seen to make a neat profit of 0.88% in the 35-44 age range, which rose to 16.9% for males aged 45-54.
The statistics also showed that men were more typically focussed on supporting their own teams, while females showed less of an allegiance and emotional attachment to any particular team.
Outside the world of sports betting, women had similar results. When it came to online casino games, both women and men were set to lose, but female players lost by 24.07% compared to 47% of male losses. In poker, women saw an average loss of 38% while men lost 41.69% of the time.