Can you really make money sports betting on low-risk, high-probability events?

Topics covered include:

• The growing size and influence of the U.S. sports betting market
• Recent sports betting scandals
• How sports betting odds work
• An intriguing low-risk approach to sports betting
• Why the low-risk sports betting approach is still gambling with a negative expected return
• Behavioral biases that encourage sports betting
• Revisiting the difference between investing, speculating, and gambling

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Show Notes

https://info.lowstressbets.com/

How Do Betting Odds Work? by OC Staff—oddschecker

Senate Commerce Committee Wants Answers on NBA Gambling Scandal—Senate Commerce Committee

"US sports betting crisis grows as MLB’s Clase and Ortiz indicted over alleged rigged pitches" by Tom Lutz—The Guardian

ESPN Will Not Let Failure Push It Out Of The Gambling Business by Chris Thompson—Defector

22% of All Americans, Half of Men 18-49, Have Active Online Sports Betting Account—Siena University Research Institute

A Review of Sports Wagering & Gambling Addiction Studies Executive Summary—National Council on Problem Gambling

How sports gambling took over prediction markets in the US by Sam Learner, Oliver Roeder and George Steer—The Financial Times

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What’s the difference between hoarding and investing? There’s a reason markets built on productive assets—like stocks and bonds—are far larger than hoarding markets such as gold and cryptocurrency. In this episode, David explores why that is, and shares why he recently bought Zcash, and how it’s both similar to and different from Bitcoin.

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Show Notes

Zcash

CoinGecko

The Largest Companies by Market Cap in October 2025—The Motley Fool (Accessed October 2025)

DOJ Seizes $15 Billion in Bitcoin as U.S. and U.K. Target Massive Southeast Asian Crypto Scam Network—Chainalysis

Selling Gold in the Diamond District - Money for the Rest of Us Substack

Related Episodes

532: Should Private Assets, Gold, and Crypto Be Investment Options in 401k and other Defined Contribution Plans?

513: Crypto—Innovation or Insanity? Meme Coins, Hacks, and Strategic Bitcoin Reserves

432: Are the Economy and Financial Markets Zero-Sum Games?

496: Are You Taking Enough Aspirational Risk?

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How AI gets simple finance wrong, and how to make it work for you, not mislead you

Topics covered include:

• How AI ignores the time value of money
• A detailed example of ChatGPT misleading by making a simple math mistake
• Some examples of opportunity costs and sunk costs when making financial decisions
• Understanding how AI works can help us use it more effectively

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Show Notes

What Kind of a “PhD-level Expert” Is ChatGPT 5.0? I Tested It. by Gary Smith—Mind Matters

Top US Army General Says He’s Letting ChatGPT Make Military Decisions by Joe Wilkins—Futurism

Why Language Models Hallucinate by Adam Tauman Kalai, Ofir Nachum, et al—Arxiv

Auto Loan Calculator—nerdwallet

Related Episodes

538: Forests, Fakes, and the Fight for the Real

457: AI’s Fork in the Road: Societal Bliss or Existential Threat

450: How Higher Interest Rates Alter Our Financial Blueprint

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