E21 - Can you lose money picking 60% winners?
Business of Betting Podcast
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How to Calculate Your Edge
It's probably very easy to get in trouble when you're trying to calculate what your edge certainly might be in certain circumstances. And if it takes hundreds or thousands of examples to get a good grasp on what that might be, you can certainly get into trouble very quickly. So we were super pleased that he liked what we did. Ed was happy for us to use a quote that he sent us in an email where he felt that our research should be part of the training for anybody that's serious about investing or gambling.
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