If it's so easy to make money betting sports

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As an extension of what sean1 says, 95% of bettors do it for entertainment and have no illusions or even aspirations of being profitable.

If they ever find themselves in a profitable position, they quickly find a way to entertain themselves back in to poverty.
 

MrJ

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a blind monkey should hit 50% of the games correctly

You are assuming people are making random selections.

you only need to know that extra 6-7% and you can retire

You can retire well below an extra 6-7%, it will just take longer. 6-7% over a year or two would see me retire.
 

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