Cost v. Benefit

It turns out, crime does pay.  Just not very much:

The basic problem is the average haul from a bank job: for the three-year period, it was only £20,330.50 (~$31,613). And it gets worse, as the average robbery involved 1.6 thieves. So the authors conclude, “The return on an average bank robbery is, frankly, rubbish. It is not unimaginable wealth. It is a very modest £12,706.60 per person per raid.”

Worse still, the success of a robbery was a bit like winning the lottery, as the standard deviation on the £20,330.50 was £53,510.20. That means some robbers did far better than average, but it also means that fully a third of robberies failed entirely.

(If, at this point, you’re thinking that the UK is just a poor location for the bank robbery industry, think again, as the authors use FBI figures to determine that the average heist in the States only nets $4,330.00.)

That’s not even the worst part:

If a robber keeps hitting banks at a rate sufficient to maintain that modest lifestyle, by a year and a half into their career, odds are better than not they’ll have been caught. “As a profitable occupation, bank robbery leaves a lot to be desired.”

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