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E309 - Karl Whelan
On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Professor Karl Whelan, Professor of Economics at University College Dublin and author of Fine Margins: How Economics Explains Sports Betting.
Hear them discuss:
How Karl went from macroeconomics to researching the economics behind sports betting.
What bookmakers got right about home-field advantage when sports returned after COVID.
Why betting odds are designed to maximize sportsbook profits rather than simply reflect the “truth.”
The favorite-longshot bias and why longshot bets tend to produce worse returns for…
The skinny
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