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  2014-09-20
  Adam Zinns
  EARLY BIRD GUARANTEED PARLAY

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 Mark Cuban, outspoken owner of the Dallas Mavericks, wrote on his personal blog in 2004:

“How efficient can a market be when the majority of investors expect to lose money?

The sportsbooks know this. They know the difference between smart and stupid money.

They set odds in order to attract as much emotional, stupid money as it possibly can. It also knows that this emotional money will skew the odds and bring in the “smart money.” As a result, they have learned to lay off their investments so that they are just taking their cut off the dollars invested rather than trying to outsmart the smart.

To me, this suggests the smart money is better than just good.

 

It is very good.”


 

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