In today’s piece, we’ll try to address the question of how one’s gender affects one’s thinking when placing sports bets. Do men tend to bet differently than women and who takes more risks in doing so? — these and other questions will be answered in our article, which will help us better understand the essence of gender differences in sports betting.
Not many members of the gambling community have thought about the fact that members of the opposite sex may have their own preferences in betting strategies and play completely differently. Who tends to take more risks in this area — men or women? And does a person’s gender affect the way they think when making a prediction? Scientists have done some detailed research in this area and we offer the results of their work.
Since time immemorial, men have been the main participants in gambling. However, in the age of the Internet and modern mores, women have increasingly begun to get involved in such processes and now you would not be surprised to learn that the latter have also become frequent visitors to casinos and have become involved in sports betting. That begs the question, do women bet as well as men or do they have their own strategies and level of risk? And what can both sexes learn from each other in the betting process?
With the need to register at a bookmaker’s office, company analysts have been able to track the quantitative value of female players. If you believe the latest research of British experts from the world of gambling, now the preponderance of male participants in the gaming community has reached its minimum over the female sector and continues to diminish. At this rate, we will soon see betting players becoming roughly evenly matched, or women will begin to displace the male population in terms of the number of registered customers.
At the moment, the same researchers say that about 73% of the entire gambling male population in Britain is more inclined to bet, while the share of women in sports betting is still only 40%. The latter are more likely to prefer bingo or other lotteries, but they are also increasingly getting into betting.
As for the orientation of women’s betting by sports, in the U.S. they prefer the NFL and the NBA, which are popular there and among men. In the UK girls are more inclined to bet on soccer matches. In addition, men bet on women’s disciplines less often, and they do not entrust their money to major competitions as often as the fairer sex.
Which gender is more gambling?
If studies are to be believed, women are more inclined to long betting sessions, while men prefer to bet more, but less frequently. In monetary terms, it looks like this: the average man contributes an average of £94 to his wager, while a woman contributes £67, almost a third less. This leads to girls losing far less money per year (£2.6 thousand versus £3.7 thousand for men).
Bookmaker 888 in the U.S. noted that over a period of one year, its female customers achieved a profit of 19%, while the male share of its players went to a loss of 4.6%. This suggests that women can make much more money from betting than men in the long run. It is worth noting that such profitability is inherent to girls over the age of 24, while their younger counterparts themselves often find themselves in deficit.
What are the reasons for the differences in stakes between women and men?
Now we come to the fact that different genders tend to have different betting strategies. This only applies to amateurs — professionals, for the most part, behave the same way, regardless of gender. It is worth noting that bookmakers often reduce betting limits just for the fair sex, knowing their ability to more soberly approach the evaluation of probabilities and not to expose their betting to high risk.
This is most likely due to the fact that men in other spheres of activity are more prone to risk and more often make decisions based on their own hunch. Women are not as prone to such risk and more often calculate all possible variants of the outcome before making a bet.
Social factors in the placement of bets by players of different genders
Historically, only wealthy people could afford to go to a casino or bet heavily on sports. This gave a serious advantage to men, because in the past women could rarely be found at the roulette table or at the racetrack as bettors. Even nowadays, girls increasingly prefer bingo, perceiving it more as fun than as something serious in terms of excitement.
However, women’s tendency toward rationality and pragmatism increasingly leads them to bet on sports, where they begin to consider such bets as a form of earning. And here men are clearly inferior — women can afford to spend more time and effort to make better predictions.
Research confirms that women spend more time studying materials to improve their forecasting skills and try harder to improve their professional status in this field. They have better discipline and are less susceptible to irrational impulses to win back quickly when they lose. Girls are frequent visitors of arbitrage betting forums and this is primarily due to the fact that they understand the essence of this type of betting better than men and give it great preference. This gives them, from their point of view, a more stable and safer income, although it will be less than in other types of betting.
It should not be forgotten that it is men who watch the lion’s share of match and fight broadcasts, which increases their impulsivity and emotionality when placing bets. Women can afford not to worry about such things, considering the process of betting as an ordinary kind of earning, where you need to take everything into account and correctly calculate.
As a conclusion to today’s material I would like to summarize: in general, women have a more reasonable and cold-blooded approach to betting than men, which gives them an advantage over the latter. This is especially evident at the amateur level. Girls can test their strategy long and hard by betting small amounts, manage their bankroll more efficiently, and are not prone to sharp wagering after a loss. They also know how to find the right areas to invest in and are more likely to be passionate about improving their own betting skills.
Such characteristics give women a good starting point for becoming successful professionals in this field, which they have increasingly taken advantage of. However, it should not be forgotten that this is only relevant at the amateur level. And men, with the right approach, can be considered very professional betting players.