New study breaks down chances of winning in sports betting

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Betting on sports is more popular than ever, but a new study found that many gamblers may be fooling themselves about their chances of winning.

New data from Stanford University shows that sports bettors are more optimistic than they should be. Let's connect the dots.

Researchers found that gamblers expect to break even or even make money despite losing consistently. On average, bettors believe they'll make 0.3 cents per dollar wagered. In reality, they lose 7.5 cents per dollar.

READ MORE: https://www.wcnc.com/article/news/local/connect-the-dots/sports-gambling-overconfidence-bettors-despite-consistent-losses-stanford-university-study/275-7f15aa07-e8fd-4925-ac9b-6761d3755755