3min chapter

Risk of Ruin cover image

Inside Long Term Capital

Risk of Ruin

CHAPTER

The Difference Between Advantage Gambling and Quantitative Finance

This episode has everything you would want in a gambling story. It's about looking for edges, figuring out how much to bet and perhaps most importantly, having to deal with a heartbreaking loss. But advantage gambling and quantitative finance have more in common than parallel themes. Both were born out of the excitement over the power of computing.

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