Sports Betting Markets and the Wisdom of Crowds, image 1 of 11 / 1
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Sports Betting Markets and the Wisdom of Crowds

in Stuff I Actually Read by Diego Navarro

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Sports Betting Markets and the Wisdom of Crowds on “Stuff I Actually Read”, a list by Diego Navarro on TheLysts.

Details

Photo
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Name
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Paper title
Sports Betting Markets and the Wisdom of Crowds
Authors
Justin Wolfers and related betting-market researchers
Year
2000s
Main topic
How well betting lines predict game outcomes
Sport / context
NBA, NFL, and other major leagues
Key idea in one line
Vegas lines are crazy efficient, which makes consistent edge-hunting basically a myth.
Level to read
Intermediate – basic stats and probability.
My take
After this, I treat the spread like a very smug, very informed friend. You can disagree, but you better have more than “my gut” as backup.

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