Spread betting has traditionally been seen as a male dominated pastime, but times are changing. In fact, studies have shown that women actually perform better at spread betting on both sports and financial bets than men.
There are several possible reasons for this, some of which are explored in this video. What might surprise you is that the same factors mean that women are better and more profitable sports bettors as well.
A study commissioned by the sports betting website sportsbetpromotions.com compared large samples of player data from leading online bookmakers William Hill and Ladbrokes. Ignoring age, background and all other demographics, the survey simply compared male and female players in terms of betting patterns and overall account profit or loss.
The results showed that female players placed far fewer bets than their male counterparts overall, but that their success rate was 62% compared to 57% for male punters. What’s more, 23% of female accounts made an overall profit, compared to just 14% of male betting accounts.
Although there may be numerous reasons to explain the data, the opinion of the Sports Bet Promotions researcher was that female bettors were less impulsive and spent more time researching their betting selections than males. They were less likely to react angrily to a losing bet, and attempt to chase losses by placing further bets on the same day after a losing bet was settled.
It’s interesting to note how a typically more reserved approach can make such a difference to the bottom line. Women should certainly not be intimidated or reluctant to get involved in traditionally male dominated pursuits such as sports betting, especially when the facts show they are far more likely to be successful at it.