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Nate Silver on Risk-takers, Politicians, and Poker Players
Conversations with Tyler
Knowledge is Power in Betting
Books that focus on a narrow range of events tend to offer sharper lines, creating opportunities for those with insider information, such as player status updates. Sharp books profit by avoiding bets from knowledgeable players, while retail books entertain bets that can be profitable for insiders. The market dynamics create a sustainable equilibrium where sites like DraftKings benefit by following the lines set by sharper books like Pinnacle and Circa, allowing them to draw from knowledgeable players without directly competing in the same way.
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