Today our guest is Dan Abrams. He's on to talk about his new book, "Sharp Money". The book is about poker, sports betting, and investing.
podcast - https://www.spreaker.com/episode/sharp-money-by-dan-abrams--72025750
Show Notes
[00:00] introduction of Dan Abrams, sports bettor, poker player, and author of Sharp Money
[00:34] Dan’s start in poker
[01:35] Studying Razz
[05:58] Razz coaching and educational teaching videos
[09:38] Poker players famously losing money betting sports
[11:01] Rationale for over-betting your bankroll
[15:49] Increasing expected growth vs increasing expected value
[22:44] Hedging and arbitrage in financial markets
[27:40] Root unit staking system
[35:05] How do sports bettors know when they have an advantage?
[36:46] Indications of edge in financial markets
[39:42] Calculating edge ex-ante, bottom-up vs top-down betting
[44:15] Will Dan play in the WSOP?
[44:42] Sharp Money’s intended audience
Links:
Books Referenced:
Sharp Money by Dan Abrams - https://amzn.to/4uyZTgX
But How Much Did You Lose? by Dan Abrams - https://amzn.to/43ktdvw
Sklanksy on Poker by David Sklanksy - https://amzn.to/4uYanpT
