Gambling With an Edge - guest William Ziemba
Gambling With an Edge
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Risk Arbitrage
In 1982 I was consulting for the Canadian Sports School. We were designing sports games Lottery games based on sports Baseball football etc Now when we went there we went to the highlight and in the highlight They have betting on the game throughout the whole way So that's how I discovered risk arbitragerisk arbitrage you may have an initial bet on say team a and then you want to bet on team B Later at a better price, but let me give you the example. The last Super Bowl as you know Tom Brady got into the Super Bowl and it was against Kansas City Kansas City was favored Mahomes had won MVP the previous year and and Brady had won a whole bunch of years Etc.
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