According to the largest study of online sports betting, about 96% of people lose money. That’s based on tracking digital payments. Only 4%…

Rickler Feed (@rickler_feed), Jun 29, 2026, 02:38 UTC

According to the largest study of online sports betting, about 96% of people lose money. That’s based on tracking digital payments. Only 4% ever withdrew winnings. The odds are shockingly bad. And the crazy thing is, even if you do manage to beat the system, the gambling apps will limit your bets to tiny amounts. It’s rigged. The study also found that lower-income people are hardest hit. They gamble more of their income, and lose more. Investors are increasingly using “parlay” bets in an attempt to hit it big. You can bet on the outcome of 10+ different events, and depending on their probabili…

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