How did sports activities playing go from unlawful to FanDuel and DraftKings in your cellphone? : Planet Cash : NPR

Sports activities playing shouldn’t be precisely a monetary market, however it’s in step with monetary markets. What occurs on Wall Road in a method or one other additionally occurs in sports activities playing. So within the Eighties, when computer systems and deep statistical evaluation entered the markets, in addition they entered the world of sports activities betting and adjusted the world of sports activities playing in methods we see each day now.

In right now’s episode, we now have a narrative from Michael Lewis’ new season of his podcast In opposition to the foundations. We hear from a bookmaker who was capable of beat the percentages utilizing statistical evaluation, and final The bookmaker who managed to win These Chances, utilizing a extra exact science: behavioral evaluation. Plus, the way it’s tougher than ever to win on the on line casino, and why providing free bets in TV advertisements will not be a good suggestion.

This episode was hosted by Michael Lewis and Mary Childs. Our model of the podcast is produced by Emma Beasley and edited by Martina Castro. It was screened by Sierra Juarez, and designed by Senna Loffredo. Alex Goldmark is Cash planetGovt Producer.

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Music: NPR Supply Audio – “New Western” and “The Westerners”