Gambling With an Edge cover image

Gambling With an Edge - guest William Ziemba

Gambling With an Edge

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The Pros and Cons of Sharpies

Even though they have a flawed system For collecting fees they still make billions because there's so much baddie The volume is incredible now the flaw is if you bet like 100 You get charged a part of the 100 Now in that fair You can bet 100 200 400 600 etc and a whole bunch of bets on the same thing. In total you bet a thousand And you'll wind up winning 25 25 pounds They charge a commission on the 25 pounds not on the 1000 So they got into trouble a couple years ago with bookmakers who came into their business and took a lot of their business away.

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