Nick Pell

You can get partial wins.

You can make wins that easily compensate for your losses.

And if you're a whiz at arbitraging your bets, this is called dutching in the world of gambling, you can lose most of the time and still win.

If you just bet...

the minus 110 line, you only have to be right 52% of the time to make money.

A 110 line means you spend a buck 10 for every $1 you hope to win.

And the 10 cents is the vig or the juice.

That's the house advantage.

Bookies want to take money from the losers and give it to the winners and then pocket the 10 cents.

So it actually is quite a bit like trading crypto or stocks.

I mean, we're talking market maker fees and stuff.

So super simple math here in terms of how you would win by losing.

Say I'm at the horse track and I put a dollar on a 10 to one shot and five bucks on a three to one shot.

Well, the three to one shot loses.

So I lose five bucks.

but the 10 to one shot comes in.

So I made 10 bucks.

So I'm still up.

Like I think the actual math is four bucks.

You're up four bucks.