Against the Rules: The Big Short Companion Episode 4: A Hard Way to Make an Easy Living
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Nov 12, 2024 Rufus Peabody, a Yale graduate and successful sports gambler, dives into the evolution of sports betting in the U.S. after recent legalization. He shares insights on how technology has transformed betting strategies, making data-driven approaches essential. The discussion highlights the shadowy world of underground betting and the challenges faced by both gamblers and entrepreneurs in this rapidly changing landscape. Rufus emphasizes the importance of analytics and resilience while navigating the exciting yet complex realm of modern sports gambling.
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Statehouse Influence
- Lobbyists exploit less-watched state governments for national strategies.
- This allows them to operate with reduced scrutiny compared to federal politics.
Roxy's Path to Gambling
- Michael Roxborough, raised in a well-educated family, became fascinated by sports gambling.
- This fascination led him away from traditional expectations and into the world of odds and risk.
Data-Driven Betting
- Ed Thorp's book, "Beat the Dealer," demonstrated how card counting could provide a statistical edge in blackjack.
- Roxborough applied this data-driven approach to sports betting, seeking similar advantages.
