This is why not even Nate Silver could make Money from Sports Betting [It's the Juice]
· 5 min read
Nate Silver, Mr. FiveThirtyEight, is famous for his professional poker performance and considered the best political pollster in the country. He knows risk and odds better than anyone. Recently, on his Risky Business podcast he mentioned that he tried sports betting for an NBA season. He wagered a total of 1.8 million dollars and spent about 5000 hours to win $5000. While that is technically making money, it works out to working for 1 dollar an hour which barely counts as a profit.
