{"id":58179,"date":"2023-08-15T00:01:01","date_gmt":"2023-08-15T00:01:01","guid":{"rendered":"http:\/\/egrowonline.com\/?p=58179"},"modified":"2023-08-15T00:01:01","modified_gmt":"2023-08-15T00:01:01","slug":"the-magic-economics-of-gambling","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=58179","title":{"rendered":"The Magic Economics of Gambling"},"content":{"rendered":"

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References:
\n[1] https:\/\/www.statista.com\/statistics\/253416\/global-gambling-market-gross-win\/
\n[2] http:\/\/www.annualreports.com\/HostedData\/AnnualReports\/PDF\/NYSE_MET_2017.pdf
\n[3] https:\/\/twitter.com\/wendoverpro\/status\/1054533498722111488
\n[4] https:\/\/www.nber.org\/papers\/w18237.pdf
\n[5] https:\/\/twitter.com\/wendoverpro\/status\/1054533837328281600
\n[6] https:\/\/twitter.com\/wendoverpro\/status\/1054534236642795522
\n[7] http:\/\/www.its.caltech.edu\/~snowberg\/papers\/Snowberg-Wolfers%20Risk%20Love%20or%20Decision%20Weights-NBER.pdf
\n[8] http:\/\/www.football-data.co.uk\/blog\/favourite_longshot_bias_tennis.php
\n[9] https:\/\/economix.blogs.nytimes.com\/2010\/06\/02\/the-bp-spill-and-the-favorite-longshot-bias\/
\n[10] https:\/\/ac-els-cdn-com.ezproxy1.library.usyd.edu.au\/S0167268114002194\/1-s2.0-S0167268114002194-main.pdf?_tid=6aac86b2-7e4a-46d0-bf4d-5ab70e8db750&acdnat=1540355242_b9bcf6d0549207112968a3467b39a9a0
\n[11] https:\/\/www.hbs.edu\/faculty\/Publication%20Files\/08-061_17c22e32-fe06-4b4a-8b5e-e09227fc8104.pdf
\n[12] https:\/\/www.commissions.leg.state.mn.us\/ladder\/120511prizelinkedsavingsFAQs.pdf<\/p>\n

Animation by Josh Sherrington
\nSound by Graham Haerther (http:\/\/www.Haerther.net)
\nThumbnail by Simon Buckmaster<\/p>\n

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\nAlec Watson, Andrew J Thom, Braam Snyman, Bryan Yip, Chris Allen, Chris Barker, Connor J Smith, Daddy Donald, Etienne Dechamps, Eyal Matsliah, Hank Green, Harry Hendel, James Hughes, James McIntosh, John & Becki, Johnston, Keith Bopp, Kelly J Knight, Ken Lee, KyQuan, Phong, manoj kasyap govindaraju, Plinio Correa, Qui Le, Robin Pulkkinen, Sheldon Zhao, Simen Nerleir, Tim Robinson<\/p>\n

Music by http:\/\/epidemicsound.com<\/p>\n

Select footage courtesy the AP Archive
\n
source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Build your website for 10% off at http:\/\/Squarespace.com\/Wendover Subscribe to Half as Interesting (The other channel from Wendover Productions): https:\/\/www.youtube.com\/halfasinteresting Get the Wendover Productions t-shirt: https:\/\/standard.tv\/collections\/wendover-productions\/products\/wendover-productions-shirt Check out my personal channel: https:\/\/www.youtube.com\/channel\/UCDA1X6RrhzZQOHOGvC3KsWg Support Wendover Productions on Patreon: https:\/\/www.patreon.com\/wendoverproductions Youtube: http:\/\/www.YouTube.com\/WendoverProductions Twitter: http:\/\/www.Twitter.com\/WendoverPro Email: sam@wendover.productions Reddit: http:\/\/Reddit.com\/r\/WendoverProductions References: [1] https:\/\/www.statista.com\/statistics\/253416\/global-gambling-market-gross-win\/ [2] http:\/\/www.annualreports.com\/HostedData\/AnnualReports\/PDF\/NYSE_MET_2017.pdf [3] https:\/\/twitter.com\/wendoverpro\/status\/1054533498722111488 [4] https:\/\/www.nber.org\/papers\/w18237.pdf […]<\/p>\n","protected":false},"author":1,"featured_media":58180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[47],"tags":[],"class_list":["post-58179","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-videos","post_format-post-format-video"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/08\/1692057658_maxresdefault.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58179"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58179\/revisions"}],"predecessor-version":[{"id":58181,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58179\/revisions\/58181"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/58180"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58179"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}