E21 - Can you lose money picking 60% winners?
Business of Betting Podcast
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The Importance of Rational Decision Making in Sports Betting
I saw your paper last year called Rational Decision Making Under Uncertainty, Observe Bedding Patterns of Abias Coin. The experiment which I did with my research colleague Rich Dewey was to explore how people would wager on a coin that we told them was biased to come up heads. So why don't you read the paper and I urge everyone who's interested in the business of betting to read the paper. It's not incredibly long but it's very valuable insights to some of the, I guess, human elements of betting and money management.
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