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Episode 95: Berryhorse Joins for a Discussion
Circles Off - Sports Betting Podcasts
The Importance of Precision in Betting
If you had bet, Kelly Stakeen at 10%, you probably would have ended up maybe going busto a little bit faster. I think this implication that every game was 10% is like fully incorrect. But if the market priced it at the 13 and a half, anyone in the entire world had a chance to move that number either way. That's why I think people value the market so much is the best we have. It's an unbelievably useful heuristic to believe that it's always right.
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