Inside the Battle for the Future of Sports Betting

This spring, Americans spent $8.5 billion indulging in a time-honored vice: wagering on college basketball games. March brought with it “March Madness,” the three-week-long avalanche of upsets and buzzer-beaters that is the NCAA Men’s Basketball Tournament. And with March Madness comes bets, brackets, office pools, and, of course, lost employee productivity—up to $13.3 billion worth […]

MIB: Rediscovering the Hot Hand

Basketball players can be streaky. When they are “in the zone” or “on a hot streak” the rim looks huge and it can be hard to stop them. That was the conventional wisdom in basketball, until it was disproven in 1985 by Thomas Gilovich and Amos Tversky. …