The online ecosystem is full of misleading and fabricated information, and if users are not careful, it can be a source of gambling-related problems. A good example is the statement that a high percentage of 90 of gamblers quit before winning.
This thought-provoking statistic occurs on social media as a floating meme in a picture of sopranos standing around a poker table. The statement suggests that most gamblers would have won big if they had tried at it one more time.
However, when examined critically and analytically, the statistics lack concrete evidence. The majority of gamblers don’t quit easily. So, what is the basis for this statement? This casino news debunks the myth, visiting the statistic’s origin and examining its role in problem gambling.
Out of 100, 90 of Gamblers Quit Before Winning: Myth or Fact?
The statistics cannot be associated with a particular origin as it has become so prevalent on social media. However, known facts help trace the statistical statement back to a 2013 study about 83% of gamblers quitting right before they would have hit the big one. The study highlights that gamblers who quit would have become millionaires if they had not given up. However, because of its blatant exaggeration, the article seems to have a satirical intention about gambling.
In 2014, a meme circulated online with a catchphrase that reads, “Proven fact: 90% of gambling addicts quit right before they would have hit it big!” bearing “Brock Sherwood” as a watermark. The image was reposted later in the same year and became prevalent years later. The post reached its peak virality on Instagram, Twitter (now X), and TikTok in 2022 when several users posted it on their handles. In 2023, the image also recorded another phase of virality, further increasing the popularity of the vague statistics of casino games.
So, what does this whole narration mean? It is intended to show that social media played the most significant role in the fame of the saying that 90% of gamblers quit before winning. This statistic is invalid and seeks to mislead people into believing that they would eventually hit the jackpot if they gambled nonstop without being responsible. But the truth is that an increase in playing blackjack, roulette, or Deuces Wild games doesn’t necessarily translate to an increase in the chances of hitting the jackpot. This misconception can lead to problem gambling, among other vices.