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Tag Archives: gambling regulations

Mathematically speaking, as the saying goes, no one wins the lottery. Sports betting, by contrast, involves skill, and it is possible, although very difficult, to consistently win money on it. Sports bettors are closer to stock or commodities buyers than to people who buy lottery tickets. How much difference is there, after all, between betting on the future price of wheat (an activity banned in some states in the nineteenth century) and betting on the performance of a baseball team?

Posted on April 30, 2008 by Chris F. Masse

Guess who said that in 2006. – Previously: BetFair’s Mark Davies on sports betting -

Posted in Analysis (Meta), Betting, Regulations | Tagged baseball, Betting, event derivative markets, event derivatives, gambling laws, gambling regulations, James Surowiecki, Mark Davies, prediction markets, sports betting, sports bettors | Leave a comment
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