stevenlevitt
Steven Levitt
stevenlevitt

What do I know?! But here is my hunch...there is a lot of dumb money betting on the Derby. My guess is dumb money goes towards the favorite and hopeless longshots. In a field of 19 or 20 horses, a horse has to be awfully good to go off at 2-1 or 5/2. My strategy for the Derby will be to throw out California Read more

If you are good at picking horses, there is no question that the best way to bet is to go after exotic bets like trifectas and superfectas, or to play pick six carryovers. It is really hard, even for the best bettors, to find a lot of positive expected value bets on straight win/place/show. But as you go after Read more

if you start asking scientific questions, I'll start giving scientific answers! Read more

The skill in poker has very little to do with calculating odds, I think. It is more about bluffing and reading bluffs, not playing too many hands, etc. No doubt there is huge skill associated with picking horses well, but there is enormous luck as well. Here is how I think about it. If you ran the same horse race Read more

I didn't realize I had ties to the gambing industry...what are they? And no, nobody is paying me to do this today, just doing it because I like horse racing. Read more