Business of Betting Podcast cover image

E48 - Psychology of Betting

Business of Betting Podcast

00:00

The Role of Chance and Skill in Sports Betting

This chapter explores the concept of chance versus skill in sports betting, emphasizing the role of luck and the difficulty of consistently winning. It touches on various biases and fallacies that can affect betting decisions, such as the hot hand fallacy and recency bias. The chapter also discusses the wisdom of the crowds and the efficiency of betting lines.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app