Since the book "Fortune's Formula" came out, many investors use the Kelly Criterion to figure out how much they should invest. Most of these investors, though, haven't gone through the math behind the Kelly Criterion or read Ed Thorp's paper on...
Gambling is more popular than ever in the United States, but you don't want to bet on your house.
Stepping up the Game
In the last few years, when home prices were high and interest rates were low, many people signed up for...
The World Cup is over for another four years, and Italy, not Germany, which hosted the tournament, or a resurgent France, was named the winner. Here is a short summary of the semi-final, the play-off for third and fourth place, and the final,...
Every day, thousands of people trade on the world's stock markets, and most of them now use software to help them. Does this make them more money?
This software is called a "bot," which is short for "robot," but it's only as good as the...
What if there was a way to take advantage of the growing popularity of sports around the world? What if there was a way to turn the gambling aspect of sports betting into a long-term investment like equity trading?
It was thought of and a...
The first half of Big Brother is over, so here's a quick look at four of the nine established characters and how they do in the betting market.
Pete
Current Odds: 1/2
Since he fell down the stairs to make his entrance,...