Matt of PlusEVanalytics
Gambling With an Edge
00:00
The Paramutula Model Is a Better Model of Gambling
I think people are basically lazy and I can't you know because they don't have money in all the different accounts that yeah. If you're providing service that the other books don't maybe you get more of a market share but when you're dealing with a vice like gambling I just can't see it imploding although I can see it shifting to a betfair or a paramutula model which has this built-in immunity to adverse selection. The biggest difference between other gambling games and sports betting is when you run a casino the odds are in your favor and meanwhile you have a world of betters who are just waiting for you to make a mistake, he says.
Play episode from 46:13
Transcript
