Sharp Money: Lessons From Poker and Sports Betting To Help Grow Your Portfolio

Making predictions is hard, especially about the future. Predicting which stocks will go up or down is even harder. But then how can you choose what to invest in and how much to invest? It turns out that the skills you need to be a successful poker player, a sharp sports bettor, and an industrious investor are pretty much the same. And with the advent of legalized prediction markets in the US, the Venn diagram of poker, sports betting, and investing is looking more and more like a circle. So, if you can master the lessons in this book, then the sharp money is on you to improve your personal investment strategy.

According to Dr. Edward Thorp, renowned author and hedge fund manager, "Gambling is investing simplified." Gambling, at its core, is making a decision with an uncertain future. Have you ever had to make a decision like that? Then congratulations, you're already a gambler. While the vast majority of gamblers lose, these strategies told by a successful sports bettor and poker player can help you win at investing and life. From beating low-stakes poker games to rediscovering Claude Shannon's method of beating the stock market, Dan shows you step-by-step how to think about optimal investing and how to profit from these strategies.