The Sport of Kings

Being raised by professional gamblers, the racetrack was a familiar place for me growing up. As a child, I found the water truck and tractors more interesting than the races themselves. But over time, I came to appreciate the excitement and athleticism of the sport. When I first researched wagering angles in the 1980s, I…

Double Your Pleasure

From a portfolio point of view, the most attractive feature of sports wagering is its lack of correlation with other types of investing. This makes it an ideal portfolio diversifier. Another asset that may fill this bill is bitcoin. It has no correlation with sports wagering or traditional investments. Bitcoin should thus also be a…

Sports Wagering as an Investment

I have never played a casino game or bought a lottery ticket. I do not bet on anything where I don’t think I have an edge. That possibility is what attracted me to sports wagering 30 years ago. I was successful at it but gave it up for lifestyle and other reasons. See my post …

Improve Your Edge

Vince Lombardi once said football is a game of inches. In the same way, sports wagering is a game of edges.  Here are 15 things we can do (or not do) to add to our advantage.  1) Have Multiple Outs The closest thing to a free lunch in traditional investing is diversification. The closest thing to…

Bankroll Management

Winning plays are only half the battle in sports wagering. You also need to keep your emotions in check. And you need a disciplined framework to grow your capital while keeping your downside risk exposure under control. Kelly Criterion Many are familiar with the Kelly Criterion. It was developed by John Kelly, a Bell Labs…