Episode 4: A Hard Way to Make an Easy Living
Against the Rules: The Big Short Companion
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Show Notes
Michael Lewis heads to Las Vegas to explore the way sports betting used to work, up until the day it was rapidly legalized by states around the country. We meet the betting sharps who figured out what others couldn’t and set the odds for other bookies. That is, up until everyone seemed to have a casino on their smartphone. But the new online casino differs from the old ones in an important way: It doesn’t take all bets.
For further reading:
Edward Thorp’s Beat the Dealer
“Cigars, Booze, Money: How a Lobbying Blitz Made Sports Betting Ubiquitous” by
Eric Lipton and Kenneth P. Vogel
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