With the popularity of sports betting personalities entering the investing world we thought it would be timely to bring an expert sports handicapper to discuss the similarities and differences between these highly probabilistic domains.

Our guest for this conversation is Steve Merril of ProSportsInfo.com. Steve has been a professional sports handicapper and betting analyst for over 24 years and can be seen and heard every week on numerous radio and TV shows across the United States.

We discussed the history of sports betting going back to its early days in, of all places, Chicago! It seems all things handicapped, whether futures markets or sports books, originate in Chi-Town.

Other topics include the three keys to winning long term in sports betting, the sharps versus the squares, steaming the line and the differences in discrete events in the world of sports versus the continuous distributions in financial markets.

If you are a fan of books like Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions or Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, you’ll definitely find this conversation fascinating. Enjoy!

A hedge fund manager and a sports bettor walk into a bar…. When Sports Betting comes to Wall Street (EP.24)