E21 - Can you lose money picking 60% winners?

E21 - Can you lose money picking 60% winners?

Ep: 21 - Victor Haghani

Victor is a very well known finance and investing expert. Victor started out at Salomon Brothers before moving on to places including John Meriweather and Long Term Capital Management. Currently, he is the Founder and CEO of Elm Funds.

Victor joins the podcast to chat about a myriad of topics including his recent research paper and experiment titled Rational Decision Making under Uncertainty.

Link - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2856963

We discuss the results of the experiment with a biased coin (60% heads vs 40% tails) and the optimal bankroll and money management techniques for betting, wagering, investing and gambling.

Is it possible to lose long term when picking 60% winners? Can you bet too little or too much when the outcome is 60/40 in your favour? We discuss this and more.

The Business of Betting Podcast - A podcast about the business side of the betting, wagering and investing world.

Hosted on Acast. See acast.com/privacy for more information.

Episoder(289)

E271 - Zaire Williams from Exclusive

E271 - Zaire Williams from Exclusive

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Zaire Williams, founder of Exclusive, on-the-ground acquisition specialist, and one of the most unique new-age affiliate...

26 Des 202530min

E270 - Roxy Roxborough

E270 - Roxy Roxborough

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by legendary oddsmaker and gambling industry icon Roxy Roxborough to reflect on his career, the evolution of sports betting...

19 Des 202535min

E269 - Bill Miller from American Gaming Association

E269 - Bill Miller from American Gaming Association

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Bill Miller, CEO of the American Gaming Association, for a deep dive into prediction markets, federal vs. state authorit...

12 Des 202538min

E268 - Shawn Fluharty

E268 - Shawn Fluharty

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Shawn Fluharty, West Virginia Delegate, President of NCLGS, and Head of Government Affairs at Play’n GO to break down th...

5 Des 202537min

E267 - Adam Kaplan from Astralis Capital Management

E267 - Adam Kaplan from Astralis Capital Management

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Adam Kaplan, investor, operator, and long-time industry strategist working at the intersection of sports betting, DFS, p...

28 Nov 202524min

E266 - Pierre Lindh from Next.io

E266 - Pierre Lindh from Next.io

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Pierre Lindh, Co-Founder and Managing Director of Next.io, for a wide-ranging conversation recorded live at G2E Las Vega...

26 Nov 202537min

E265 - Drew Tabor from Ungambled

E265 - Drew Tabor from Ungambled

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Drew Tabor, Founder of Ungambled, to break down the evolving world of bonus farming, account profiling, and how sharp be...

21 Nov 202532min

E264 - Bernard Marantelli from White Swan Data

E264 - Bernard Marantelli from White Swan Data

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Bernard Marantelli, Founder of White Swan Data and Colossus Bets, to discuss his entrepreneurial journey, the evolution ...

14 Nov 202542min

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