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PM 101 | Ep 4: The Hidden Cost of Betting
Published 1 month, 3 weeks ago
Description
Stop paying the invisible tax hidden inside every standard sports bet. In this episode of Prediction Market HQ, we expose the mathematical reality of the "vig" and why the traditional sportsbook model is fundamentally designed to prevent you from winning long-term.
- The math of -110 odds and the 52.38% breakeven trap.
- Why sportsbooks limit or ban successful bettors as "adverse selection."
- Hidden vigorish vs. transparent marketplace commissions.
- The fundamental difference between betting against the house and trading peer-to-peer.
- How liquidity creates an honest environment for scaling your edge.
Opinions expressed are for informational purposes only. Bet responsibly.
Contact: feedback@predictionmarketshq.com
"Nowhere Land"
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0
http://creativecommons.org/licenses/by/4.0/