I remember this question being asked in one of my introductory economics classes when I was in college. Being that everyone was 18 to 20 years old no one had a good answer. I won’t pretend the answer changed my life because to be honest I didn’t even think about it until recently. The answer
Last week I saw possibly the most infuriating show I have ever seen on CNBC called “Money Talks.” It is about the owner of a sports gambling consultant business. The owner Steve Stevens (obviously not his real name) claims to be a 20 year sports handicapper winning somewhere between 60% and 71.5% of his bets.