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Planet Money
Planet Money

How sports gambling blew up

Dec 18, 2024 · 30m
AI Summary
  • Sports gambling evolved in the 1980s when computers and statistical analysis entered sportsbooks, mirroring changes that occurred simultaneously on Wall Street.
  • Featured guests include a bookie who used statistical analysis to beat the odds and another who employed behavioral analysis, demonstrating increasingly sophisticated betting strategies.
  • The episode explores why it's harder than ever to win against sportsbooks and warns about the true value of free bet promotions in television advertising.

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