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Applying statistical and actuarial methods to the analysis of gambling propositions
Latest from the Blog
Sharp Books, Soft Books: Inside the Sportsbook Ecosystem
Today I’m going to tackle a topic that is somewhat controversial. Myths, misconceptions and disinformation are everywhere, there is passionate debate from all directions, and there is a lot of complex stuff going on. Let’s talk about the different ways that a centralized* sportsbook can be run; specifically, how they set their odds and howContinue reading “Sharp Books, Soft Books: Inside the Sportsbook Ecosystem”
An Announcement
Professor Harry Crane is one of the people I respect the most within our little community of sports betting enthusiasts. He has an ability to blend the technical rigor of an academic with the common sense of a real-world practitioner, and he has been nothing but honest and trustworthy in my dealings with him. SoContinue reading “An Announcement”
How Winners Win: A Framework for Breaking Down Expected Value
Diversity is one of the most important keys to good scientific inquiry. I’m not talking about diversity of race, gender, sexual orientation, etc. – those are fine but they’re superficial. I’m talking about intellectual diversity – different ways of thinking about things and different ways of doing things. Gambling Twitter is a great source ofContinue reading “How Winners Win: A Framework for Breaking Down Expected Value”
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