Sports activities playing is not precisely a monetary market, however it rhymes with monetary markets. What occurs on Wall Road in some way finally additionally occurs in sports activities playing. So within the Nineteen Eighties, when computer systems and deep statistical evaluation entered the markets, it additionally entered the sportsbooks and adjusted the world of sports activities playing in methods we see every single day now.
On as we speak’s episode, we now have a narrative from Michael Lewis’ new season of his podcast Towards The Guidelines. We hear from a bookie who was capable of beat the percentages utilizing statistical evaluation, and the different bookie who managed to beat these odds, utilizing an much more delicate science: behavioral evaluation. Plus, the way it’s tougher than ever to win in opposition to the home, and why these gives of free bets in TV advertisements are perhaps not such a good suggestion.
This episode was hosted by Michael Lewis and Mary Childs. Our model of the podcast was produced by Emma Peaslee and edited by Martina Castro. It was reality checked by Sierra Juarez, and engineered by Cena Loffredo. Alex Goldmark is Planet Cash‘s govt producer.
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Music: NPR Supply Audio – “New Western” and “The Westerners”
