I'm gonna republish this since we're heading back into college football season. I never figured out how to make this work for the larger AFF audience, but I still think the original piece has something to say to the new, younger generation that's just discovering sports gambling.
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Sports gambling enthusiasts will argue that betting on sports makes the games themselves more exciting, especially games in which the viewer has little to no rooting interest. This may be true. However, gambling can also be addictive, and as a matter of reality, it’s next to impossible to win often enough on an ongoing-basis to make money gambling.
Yes, pro-bettors exist. However, the good ones, like Steve Fezzik, often have advanced degrees in a field like Statistics and often also have experience as bond traders in the financial markets, especially via international finance and currency trading. I’m talking about trading real currencies here, not Bitcoin. These guys are used to doing the grinding work of evaluating international corporate spreadsheets and macro-economic currency trends to find opportunities in international debt markets. There’s nothing sexy about any of this unless you happen to truly enjoy statistics and probability.
If you’re wondering, I myself have an MBA in International Finance from Fordham University plus a very long history playing the most statistics-driven game of all time, tabletop Dungeons and Dragons. Unsurprisingly, Statistics became my favorite course at Business School, and here we are.
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Ross Tucker's "Even Money" podcast, starring Steve Fezzik, is my favorite betting podcast |