Sports betting has grown increasingly popular after a U.S. Supreme Court decision that allowed states to legalize the practice (Murphy v. National Collegiate Athletic Association). Subsequent to this 2018 decision, 38 states legalized sports betting. As would be expected, this prompted a deluge of interest from both the supply and demand sides of the equation. There’s undeniably been an explosion of betting activity on sports with perhaps the most noticeable side of this activity being the promotional advertisement for app-based platforms like FanDuel.
We’re both intrigued by this phenomenon given our interests in mathematics, economics, and statistics. Plus, Manjul is actually an active but prudent user of these betting platforms. In fact, his success there has gotten his action limited. Thus, I’ve turned to him to walk us through some of the basics.
In addition to Manjul’s experience, we both share a concern about the new risks created by this open, gamified landscape. To this end, we hope our discussion serves as a gentle PSA about these risks as well as an informational tour of the strategies and resources that are available.
Enjoy our conversation on sports betting!
Resources
* The Fake Indian Cricket League Created for Real Online Betting
* The Financial Consequences of Legalized Sports Gambling
* NBA Player Banned from League after Betting Scandal
* Responsible Gambling Resources for Sports Betting
Recommended Related Reading
* Thinking in Bets byAnnie Duke
* Superforecasting by Philip E. Tetlock & Dan Gardner
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Disclaimer
This podcast is for informational and entertainment purposes. The opinions expressed are solely our own. We are not providing professional advice (financial, medical, etc) of any kind.
