Understanding the Worst Gambling Bets

This chapter examines the expected value of different gambling forms, revealing which options yield the worst results for bettors. The analysis covers state lotteries, horse racing, and various betting formats, emphasizing the disparity in house take and the impact of skill on player outcomes.

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.