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2min chapter
Nate Silver on the Risky Business of Sports Betting
Against the Rules with Michael Lewis
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.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode