Against the Rules Episode 4: A Hard Way to Make an Easy Living

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Michael Lewis heads to Las Vegas to explore the way sports betting used to work, up until the day it was rapidly legalized by states around the country. We meet the betting sharps who figured out what others couldn’t and set the odds for other bookies. That is, up until everyone seemed to have a casino on their smartphone. But the new online casino differs from the old ones in an important way: It doesn’t take all bets.

For further reading: 

Edward Thorp’s Beat the Dealer

“Cigars, Booze, Money: How a Lobbying Blitz Made Sports Betting Ubiquitous” by 

Eric Lipton and Kenneth P. Vogel

The Host

Michael Lewis

Michael Lewis, host of the podcast Against the Rules, has published many New York Times bestselling books, including The Fifth Risk, Flash Boys, and The Big Short. Movie versions of…