Tagged: financial markets

Betting

Betting on the stock market is not illegal. Indeed, it’s a venerated pastime, and those who are good at it are celebrated on magazine covers and given honorary doctorates. What these luminaries do, though, is essentially what good sports bettors do: Find an undervalued team (in this case, a company) and bet on it with...

Stock Pickers Versus Sports Bettors

Recently a man in North Dakota was found guilty of placing sports bets over the Internet, in violation of state (and possibly federal) law. He was fined a nominal amount of money and made an example to the hundreds of thousands – millions? – of people who use their computers to make wagers on football...