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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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