Incorrect. If the public wins they go out of business. If an individual wins the business model works because it keeps hope alive. I personally know 3 successful professional sports gamblers. One guy gives me his college hoops picks (his main source of income) and let me tell you he crushes it. Like 70% on picks he gives me. I used to bet $100 on his picks, but now I'm up to $500 because he is so fucking good. My problem is that I like to bet ALL the sports. He basically allows me to break even over the course of a year because I am a fish just like 99% of the public.
That being said, I got me some $200 Chicago Bears action this week. The Lions just won the super bowl, so a letdown is in order.