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Another interesting gambling story


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Loved it. Crazy thing is the math that they were using wasn't something super special ... just regression.

 

I've been reading The Quants and it seems the theme was the first people to apply mathematical analysis to unique data sets (convertible bonds, options, stat arb... horse racing) made tons of money. The main guy in the article was worth over $800mm.

 

I've read about wine funds, art funds, lottery ticket funds. Who knows how many unique markets there are out there.

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