Hacker News new | ask | show | jobs
by woooooo 169 days ago
Smart people can like sports, and there's a century long history of "sharps" who are better than most at sports gambling.
1 comments

People who find an edge and actually make a lot of money aren’t really gamblers though, they’re hackers. The bets they’re placing are guaranteed to pay out as long as their edge is maintained. They often retire after the edge is discovered and fixed.