Nick Pell
๐ค SpeakerAppearances Over Time
Podcast Appearances
Multiply it by 10 or a hundred or whatever.
You played the odds.
That's what you do.
You play the odds.
This is effectively what day traders do.
You know, if your trade is unprofitable, you throw more money at it at a lower price so that you're in profit more quickly, DCA down.
The math is somewhat more complicated here because there are fees.
But the basic point remains that the thing is you play the odds.
You can actually get an advantage on video poker, but the squeeze is not worth the juice on that.
But it can be done.
With Sportsbook, you can manage the downside and take home decent profits.
And do you want to know how online betting apps deal with guys who know how to arbitrage their bets properly?
I see.
My guess is they ban those users.
Your guess is correct.
They call it non-recreational play.
recreational gamblers want a high win rate.
Pros, known as sharps in the field of sports gambling, are dutching their bets.
And they focus on things like expected value and arbitrage.
Or never took gambling.