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Jeff Ma – Making Decisions with Data - [Invest Like the Best, EP.151]
Invest Like the Best with Patrick O'Shaughnessy
How Much of a Moat Do Professional Sportsbetters Have?
How concentrated do you think these betting markets are in terms of who'se making the profits? I would say the amount of people that can consistently beat the market, i e, become professional sports betters, is very small. And how much of a moat do those betters tend to have around their edge versus the competition? How much turnover is there in that one percent? It's hard to answer that simply because it's changing so much.
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