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After watching the Eagles-Cowboys game today (you'd think it'd be a can't miss showdown...instead it was a can't miss comedy), I was thinking...
Making a bet on a team is sort of like buying a call...for instance, if you bet on a favored team, you pay a premium, which is your bet, your strike is whether or not your team wins, and your break even is how much they're favored by...
Does financial engineering have any place in sports? It seems to be statistics mania there (if you can separate the meaningful statistics from the noise), and is it possible to do create betting arbitrages in vegas?
Making a bet on a team is sort of like buying a call...for instance, if you bet on a favored team, you pay a premium, which is your bet, your strike is whether or not your team wins, and your break even is how much they're favored by...
Does financial engineering have any place in sports? It seems to be statistics mania there (if you can separate the meaningful statistics from the noise), and is it possible to do create betting arbitrages in vegas?