With the Stanley Cup Playoffs in full swing, it is estimated that Canadian hockey fans will wager an estimated $210 million, according to a survey released by the Responsible Gambling Council (RGC).
Apparently, the survey states that 18% of the adult population in Canada plan to place bets.
Respondents were asked how they plan to bet during the upcoming NHL playoffs. Here were their responses:
- Participate in a hockey pool (9 per cent)
- Bet with friends (6 per cent)
- Buy sports-based lottery tickets, such as PRO•LINE (5 per cent)
- Bet online (3 per cent)
- Bet with a bookie (1 per cent)
The survey was conducted between March 3-7 for RGC and sampled 1,012 Canadians. The poll is accurate to within +/- 3.5 percentage points.
The 18-34 age bracket is the most popular demographic for betting on hockey and 18 percent of that age group chase their losses (betting more to win back losses) compared to the 12% national average.
RGC cited “chasing losses” — betting more money to win back losses — as an issue in the 18-34 age bracket, saying that 18 per cent of that age group “chases” their losses, compared to the 12 per cent national average.
The enormous amount to be wagered on the playoffs comes despite the fact that only 1 of the 6 NHL teams in Canada made the playoffs, the Montreal Canadiens.