Sports Betting Is Not Investing

Can you really make money sports betting on low-risk, high-probability events?

Topics covered include:

• The growing size and influence of the U.S. sports betting market
• Recent sports betting scandals
• How sports betting odds work
• An intriguing low-risk approach to sports betting
• Why the low-risk sports betting approach is still gambling with a negative expected return
• Behavioral biases that encourage sports betting
• Revisiting the difference between investing, speculating, and gambling

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Show Notes

How Do Betting Odds Work? by OC Staff—oddschecker

Senate Commerce Committee Wants Answers on NBA Gambling Scandal—Senate Commerce Committee

"US sports betting crisis grows as MLB’s Clase and Ortiz indicted over alleged rigged pitches" by Tom Lutz—The Guardian

ESPN Will Not Let Failure Push It Out Of The Gambling Business by Chris Thompson—Defector

22% of All Americans, Half of Men 18-49, Have Active Online Sports Betting Account—Siena University Research Institute

A Review of Sports Wagering & Gambling Addiction Studies Executive Summary—National Council on Problem Gambling

How sports gambling took over prediction markets in the US by Sam Learner, Oliver Roeder and George Steer—The Financial Times

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