Economics and Sports Betting
Published: July 13, 2025
Duration: 46:02
Dive into the economic concepts that have helped with the recent explosion of sports betting in the United States. Explore how sportsbooks set odds, the role of information in creating an edge, and why betting markets share some similarities with prediction markets. We briefly unpack the effects of the 2018 repeal of PASPA and discuss how technology has transformed gambling behavior. This week’s conversation highlights both the fun and complexity of modern sports betting.
In this episode, we discuss:
* How sports betting odds are set and why sportsbooks aim to balance bets.
* Why so...