Wertheim: Most sports bettors will lose; only quantitative models will win
Jon Wertheim · Jon Wertheim – Sports and… (Capital Allocators, EP. 102) · Jun 17, 2019 · at 33:10
Jon Wertheim outlines his expectations for retail sports betting outcomes and the parallels with institutional investing.
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“People that place bets based on emotion are going to get burned. I think we're going to have a lot of conspiracy theories. I think there are going to be very few winners, and I think like Investing in general. I think there are going to be winners that are going to emerge, and there are going to be models that are going to prove successful over the long term, and I think this is going to be divided into a very, very small subset of people that are doing this with discipline and research and responsibly, and the Floyd Mayweathers who wake up feeling like Duke's going to win the NCAA tournament, so I'm just going to throw money on Duke”
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